Raw materials could unlock Zambian development

Mining Indaba: Valuing Social Investment in Mining

Mining companies are very aware of the significant impact of their operations upon local communities and recognize the need to earn a ‘social license to operate,’ in the form of an unwritten contract with workers, their families and other stakeholders. Consequently vast sums are ploughed into social investment initiatives including infrastructure, education and training, healthcare, sports and recreation. Countries such as South Africa and India have mandated social investment, and others are sure to follow. When entering new markets in emerging territories, governments want to see social investment plans before granting mining rights.

On the surface, such philanthropy should bring enormous benefits by reducing poverty, improving health and employment prospects, securing food and water supplies, and preventing environmental damage. The businesses themselves can enhance their reputations, build better relationships with local suppliers, attract talented and engaged employees, and reduce sickness and absenteeism, all of which should contribute to higher productivity and commercial success.

Dr. Patricia Makhesha, MD of Ivanplats’ Platreef Project, shares their social community programme at the 2015 Mining Indaba.

 

A recent KPMG survey titled Unlocking the Value of Social Investment suggests that mining companies should aim for a small number of programs with measurable social impact.

To download the survey click here

About Femi Oke

Relentless passion for creativity and digital acumen to help a professional services firm thrive in the digital space. Femi is an individual with a rich experience on regional African knowledge, its diverse business culture and he understands the continent’s economic drive. He thrives on selfless service and lasting mutually beneficial relationships with colleagues and especially clients encountered in the course of his duties. He is creative, practical and self-motivated with business judgement in corporate, brand and strategic communications, social, digital & traditional media and executive profiling. Roles in the firm include New Media, Digital Communication, Corporate Communication, executive profiling and Brand Management execution. Working on the multi-million dollar Africa high growth market project stands out for femi; besides this, managing all KPMG’s digital communication for the World Economic Forum on Africa is another project that gives him great delight. Femi holds a Masters Degree in Global Marketing from the University of Liverpool.

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