Indigenous Mining Equity
César de la Cruz Curril
IMEF – Indigenous Mining Equity Foundation Initiative, Switzerland
The social and environmental negative impacts associated to mineral resources prospection, exploration, extraction and recuperation continue to grow in the world. However, the necessity of mineral resources is correlated to Human development. The evolution of Mankind strongly depends on mining. Mining is required for agriculture, environment, financial services, health and technology. Most mineral deposits ready for exploitation lay under Indigenous People’s Land (In Developing and Industrialized Nations). The main economical beneficiaries of the mineral wealth are non-Indigenous stakeholders. Some Indigenous peoples incur in informal mining practices that are environmentally unsustainable in order to subsist. Mining is triggering social and environmental tension in the world.
There is a necessity to create a new mining sector that is socially inclusive and environmentally friendly. New socially oriented capital markets solutions like impact investing, circular economy, shared value and sustainable mining techniques are emerging. The emerging capital markets solutions and new sustainable mining techniques can be combined under the form of Indigenous Mining Equity. Indigenous Mining Equity poses as a capital markets and technical contribution with potential to reduce the social and environmental negative impacts associated with mining. Indigenous Mining Equity envisions to use mining to create a better world that is socially inclusive and environmentally friendly.