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Mining: a Platform for Chile's Future

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Mining: a Platform for Chile's Future Mining: A Platform for Chile’s Future Report to the President of the Republic of Chile Michelle Bachelet [Seleccionar fecha] The Commission for Mining and Development of Chile National Council of Innovation and Competitiveness DecemBer of 2014 Index Introduction 3 1. Vision 5 2. Agenda of strategic priorities 7 3. Institutional framework for a virtuous, sustainable and inclusive mining industry 15 4. Members of the group who participated in the elaboration and agreements arising from this document 17 Mining: A Platform for Chile’s Future Introduction The mining future of Chile is a task of the present. Two domains that need to be addressed are creating the conditions for attracting greater investment and strengthening public confidence in mining activities. Chile also needs to make advances in environmental sustainaBility, to achieve a harmonious encounter with the people and communities where mining carries out its activities, to increase productivity and to develop an effective platform for the growth of new industries and knowledge-intensive services. Making this progression possible is a challenge of proportions. It requires the concourse of multiple efforts in social innovation, institutional development, and advances in science and technology. Building these capabilities is at the heart of this proposal. The Commission for Mining and Development of Chile and its members, who sign this agenda, agreed to elaborate a vision and to identify the strategic priorities required for Chilean mining to consolidate its aspirations and reaffirm its gloBal leadership. The Commission presents this vision and sets forth the targets that the industry needs to achieve in the next 20 years. We are convinced that in its stride towards a virtuous, sustainable, inclusive and multicultural industry endowed with regional solidarity, mining will Be a source of inspiration for the nation. This will open cultural and scientific paths at the forefront of global knowledge. Chile is a gloBal mining power. It is the largest copper producer, supplying 32% of worldwide production and the third largest producer of molyBdenum. It also occupies leading positions in the processing of other minerals. Mining has been a pillar of national progress for a long time. A recent study concluded that, if mining exports had not increased as it did from 1990 on, and if it had continued in the same institutional and productive trajectory it had during the period spanning 1960-1990, the current national income would Be 45% lower than its present level. Mining has been a leading force to power development and attract investment; it is a crucial contributor to the progress made in the quality of life the country has enjoyed in recent decades. The Commission agrees that there is a great opportunity for mining to further its contriBution to the improvement of the welfare of Chileans. To materialize this opportunity, urgent action is required in order to reap the Benefits of this historical moment that stems from the high demand for minerals from emerging economies in Asia. To Begin with, all stakeholders must strive to overcome the proBlems that discourage investment in mining today. In this regard, it is worrisome to note that far from increasing, investment in mining in Chile has fallen. According to the last survey of investment projects, there are over US $ 44 Billion being held pending a decision. If this projection holds true, mining production would decrease by about a third from its current level By 2030. It is obvious that if this scenario prevails, no part of this proposal would be viable. Seizing the opportunity requires also bridging the gaps that exist in terms of productivity, environmental protection, effective citizen participation and fair compensation to the localities where mining takes place. To show the magnitude of the effort involved in closing these gaps, it should Be noted that labor productivity in Chilean mining is one third that of Canada or the United States. As a country, Chile needs to increase its productivity, and this is urgent for the mining industry. The challenges we face begin with the need to strengthen citizen confidence in the sector. The mining industry of the future requires forging and strengthening a relationship of worth and collaBoration among all stakeholders: mining companies, their workers and their suppliers; the State that directs, regulates and supervises; and the citizens who see their interests positively or negatively influenced By this activity. We believe that dialogue that leads to mutually Beneficial agreements -where each party meets its agreed commitments- is the Best way to avoid or overcome conflict and move towards a mining of the future. For this reason, many of the proposals made here address the need to bolster trust. Prominent among them is the strengthening of national capacities for more effective environmental protection, and the institutional development agreed upon concerning the process of consultation with native communities. The reinforcement of overall citizen participation is paramount. In parallel, the proposal emphasizes actions seeking to increase the productivity and the competitiveness of mining in order for the sector to radiate progress to the country. This includes tackling the profound challenges related to labor productivity, availability of water and energy, as well as the development of knowledge, organizational capaBilities and human resources that are crucial for the success of this process; the crafting of a strategic platform for R + D + I; and the unfolding of an industry of high productivity providers that can undertake a solid exporting role. The second consideration of the Commission is that it is essential to have a roadmap to guide the country through the efforts included in this proposal and to measure their progress. This task requires urgent and continuous long-term dedication. A jump-start in the estaBlished direction is essential. Therefore, the document herein not only defines a set of strategic priorities to Be adopted immediately, it also includes initiatives that are already supported By the firm commitment of puBlic and private stakeholders who are engaged in their promotion. A third consideration is the identification of the institutions that should Be tempered or created to support the development of this agenda. This proposal suggests giving the country a public-private institutional framework to ensure greater coordination and joint actions between the different participants in this activity. The idea is to speed things up and move from a transactional approach to a transformational one, which will generate collaborative and integrated relationships at all levels. We need an institutional setting that generates, guides and supervises the Blossoming of a virtuous, sustainaBle and inclusive mining industry and thus help create greater trust and value for all parties involved in its development. Finally, we emphasize the importance of addressing these hurdles with the conviction that we do not hold the answers to all the puzzles and challenges that will arise. Therefore, we must assume this task as a learning process. The objectives are demanding and must Be sustained over a long time, so we must exercise extreme coordination Between stakeholders. We therefore invite the nation -in the context of a broad political and social calling- to define and implement a new vision for the development of a new virtuous, sustainaBle and inclusive mining industry that is also respectful of human rights. We therefore begin by presenting our vision. It is a proposal to contribute to the sustainaBle development of mining and continue its role as a driving motor Behind an improved quality of life and national welfare for many years to come. 1. Vision: A virtuous, sustainable and inclusive mining industry to improve the quality of life of current and future generations. By 2035 the mining industry in Chile will have achieved: The export of 130-150 billion tons of copper and other minerals during the 20 years between 2015 and 2035, having completed the huge investment required. Eighty percent of this production will be positioned in the first two cost quartiles of the global industry. Furthermore, 250 suppliers exporting world-class technology and knowledge intensive services have come on stream. Business at the end of the period reaches a total of US $ 10,000 million per year. The estaBlishment of a worldwide leadership in sustainaBle mining founded on the implementation of Benchmarks and environmental management standards based on best industrial practices. This clears the way for rationalizing the processes of environmental requirements and permits, as well as facilitating their monitoring by the State. In this way, the demand for fresh water and energy, and also greenhouse gas (GHG) emissions, will have been reduced compared to the Base year projected (BAU 2010). These actions will mitigate net losses in biodiversity, thereby contributing to the conservation of our natural heritage. The estaBlishment of relationships based on trust and collaboration between all parties involved in the mining activity. This is made possiBle through an ongoing open and transparent dialogue Between parties on an equal standing, leading to agreements with shared benefits that allow for the advancement of the common good. Likewise, the existence and compliance of relationship standards by each stakeholder has Become a standard practice that points to the full respect of agreements in a long-term
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