Broadly speaking the recent boom in mining investment in South America has generated wealth and presents an opportunity for economic growth and development but mines are not an infinite resources and increasing production has brought many international bodies to question environmental and political issues and whether the opening of these new mines bring all the benefits promised by the mining companies and government officials.
Toronto is the global financial headquarters of the mine industry and close to 60% of mining companies around the world are listed on the TSX. An overall of 75% of mining companies are headquartered in Canada. This means if you are Canadian you are almost certainly invested in a mining company and the social and environmental …show more content…
Many argue that development is a Western discourse that has created a global hierarchy that marginalizes people in the Global South. Quote
Latin America has an extensive history of resource extraction. Ever since the Europeans first arrived in Latin America in the fifteenth century; there have been countless attempts to extract Latin America’s natural wealth. The love hate relationship development and mining have in South America is largely due to the resource course which claims
The Canadian International Development Agency has directed its foreign aid towards non-governmental organizations that partner with mining companies to work on CSR initiatives, NGOs can have more of an impact this way then “sitting on the sidelines”. However this approach doesn’t allow the community to have great input and lacks a more bottom up approach.
Although the way mining investment is done today is destroying the environment and lives if done sustainably, in the future, can create huge profits for rural communities that otherwise would be ignored due their …show more content…
I believe that there is no way to completely stop mining from happening but If there is better organization and communication between the local communities, mining companies, governments and humanitarian organizations mining can be used to positively cooperate with development. Local governments need to create legislation to harness profits from the mine and together with NGOs create long lasting change such as building roads, schools, and creating economic trickle-down. Although mining companies are not development agencies and do not need to develop social services themselves, they must respect environmental and human
Toronto is the global financial headquarters of the mine industry and close to 60% of mining companies around the world are listed on the TSX. An overall of 75% of mining companies are headquartered in Canada. This means if you are Canadian you are almost certainly invested in a mining company and the social and environmental …show more content…
Many argue that development is a Western discourse that has created a global hierarchy that marginalizes people in the Global South. Quote
Latin America has an extensive history of resource extraction. Ever since the Europeans first arrived in Latin America in the fifteenth century; there have been countless attempts to extract Latin America’s natural wealth. The love hate relationship development and mining have in South America is largely due to the resource course which claims
The Canadian International Development Agency has directed its foreign aid towards non-governmental organizations that partner with mining companies to work on CSR initiatives, NGOs can have more of an impact this way then “sitting on the sidelines”. However this approach doesn’t allow the community to have great input and lacks a more bottom up approach.
Although the way mining investment is done today is destroying the environment and lives if done sustainably, in the future, can create huge profits for rural communities that otherwise would be ignored due their …show more content…
I believe that there is no way to completely stop mining from happening but If there is better organization and communication between the local communities, mining companies, governments and humanitarian organizations mining can be used to positively cooperate with development. Local governments need to create legislation to harness profits from the mine and together with NGOs create long lasting change such as building roads, schools, and creating economic trickle-down. Although mining companies are not development agencies and do not need to develop social services themselves, they must respect environmental and human