Impact & Expertise

Press Releases

  • February 06, 2012
  • Report highlights six steps to help developing countries avoid the “resource curse”

  • New Report from WEF and BCG Draws on Authority of 400 Experts from NGOs, Governments, and Mining Companies to Identify Six Key Steps that Will Help Lift Countries Out of Poverty by Harnessing Their Mineral Wealth

Geneva, February 6, 2012 – Six building blocks can help lift some of the least developed countries in the world out of poverty by harnessing their mineral wealth, according to a new report published jointly today by the World Economic Forum and The Boston Consulting Group. The report, A Framework for Advancing Responsible Mineral Development, draws on the expertise of 400 experts from NGOs, governments, and mining companies to provide practical advice aimed at enabling developing countries to avoid the “resource curse” and develop sustainably.

Examples of good practice are highlighted in the report. The world’s largest bauxite-mining company, Alcoa, set up a local development council in Juruti, Brazil, which led to 21 projects including the construction of a district police station and school, for instance, and Rio Tinto published all tax and royalty payments in the 28 main countries in which it operates.

“This report offers intelligent, relevant responses, drawn upon real-life experience, on how to create a climate of trust, transparency, and understanding that can bring benefits to all of the various stakeholders in mining development,” says Richard O’Brien, president and CEO of Newmont Mining and chair of the World Economic Forum’s Mining and Metals Steering Board.

The six building blocks identified are

  •  Progressive capacity building and knowledge sharing among all stakeholders

  •  A shared understanding of the benefits, costs, risks, and responsibilities related to mineral development

  •  Collaborative processes for stakeholder engagement throughout the life cycle of mining projects

  •  Transparent processes and arrangements

  •  Commonly agreed upon compliance, monitoring, and enforcement of commitments

  •  Effective dispute-resolution mechanisms

Huguette Labelle, chair of Transparency International and a member of the World Economic Forum’s Global Agenda Council on the Future of Mining & Metals, endorsed the report, saying: “Transparency is essential to ensure prosperity for resource-rich countries, building the trust necessary for effective collaboration among stakeholders.”

All six building blocks aim to increase trust between different parties and create a stable long-term environment for mining projects. The report highlights 22 examples of existing projects and initiatives that show what can be accomplished in countries including Mongolia, Liberia, Ghana, and Chile.

Underlying the proposals in the report is an analysis of leading mining countries, revealing that some of these countries have both huge untouched mineral resources and lower levels of social and economic development. These countries, which include Guinea, Mongolia, Peru, and South Africa, could transform their socioeconomic prospects by using the six building blocks to tap their resources.

 “Having co-hosted the launch of the Responsible Mineral Development Initiative in Mongolia in June 2010, we fully support the release of this year’s report. The case studies and recommendations will help countries such as ours develop our mineral resources in a fair and responsible manner for all stakeholders. Socially as well as environmentally responsible mining is not merely a challenge for the host countries, it is the prerequisite for sustainable global development," says Elbegdorj Tsakhia, president of Mongolia.

Practical recommendations, in keeping with the six building blocks, include encouraging companies and governments to publish mining-related tax and royalty payments, creating local development councils, and establishing capacity-development programs.

A copy of the report can be downloaded at

For more information or to interview one of the authors, please contact Eric Gregoire at or at +1 617 850 3783.

About The World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.
Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan, or national interests.

Notes to Editors

Become a fan of the Forum on Facebook at
Follow the Forum on Twitter at and
Read the Forum Blog at
Read Forum reports on Scribd at
Upcoming Forum events at
Subscribe to Forum News Releases at

About features the latest thinking from BCG experts as well as from CEOs, academics, and other leaders. It covers issues at the top of senior management’s agenda. It also provides unprecedented access to BCG’s extensive archive of thought leadership stretching back 50 years to the days of Bruce Henderson, the firm’s founder and one of the architects of modern management consulting. All of our content—including videos, podcasts, commentaries, and reports—can be accessed by PC, mobile, iPad, Facebook, Twitter and LinkedIn.

About The Boston Consulting Group

The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 81 offices in 45 countries.

Recent Releases

  • April 13, 2015 BCG Partners with CAST to Enhance Software Transformation Capabilities view full release
  • April 09, 2015 Industry 4.0 Lifts Automation and Mass Customization to New Levels view full release
  • March 23, 2015 Disruptive Industry Trends Raise the Pressure on Corporate Bankers view full release
  • March 19, 2015 No End to the Perfect Storm Hitting Container Shippers: It’s Time to Transform and Collaborate in Radically New Ways view full release
  • March 18, 2015 BCG Partners with Google Digital Academy to Drive Digital Skills view full release
  • March 16, 2015 Leadership and Talent Management Pays Off view full release
  • March 16, 2015 The World’s Students Lack Twenty-First-Century Skills, but Education Technology Can Help Close the Gap view full release
  • March 11, 2015 Large Companies Cede Further Share in U.S. Consumer Packaged Goods Market view full release
  • March 09, 2015 The Boston Consulting Group Releases Strong 2014 Growth Numbers; Reelects CEO Rich Lesser view full release
  • March 05, 2015 BCG Climbs to Number Two on Fortune’s ‘100 Best Companies to Work For’ List, Extending Its Streak Near the Top view full release

Accelerating Out of the Great Recession

Accelerating Out of the Great RecessionThis book details what high-performing companies must do to seize advantage in a slow-growth environment. more

BCG Offices

Globe BCG has more than 80 offices around the world. Learn about our global presence.

Social Impact

We are compelled to utilize our expertise to work with humanitarian organizations that impact local communities and the world at large. More