Managing Director & Senior Partner
The global need for a responsible, sustainable, and shared approach to mineral development has come into sharp focus, as disputes and discontent related to mining have increased across the globe. Mining’s value to economic development is increasingly recognized. Yet stakeholders—governments, local communities, and mining companies—approach mining with divided views on the sources, size, and timing of the costs and benefits, according to a new report from the World Economic Forum in collaboration with The Boston Consulting Group.
The report, Mineral Value Management—A Multidimensional View of Value Creation from Mining, provides insights gained from the Forum’s Responsible Mineral Development Initiative (RMDI). The study introduces a new tool, Mineral Value Management (MVM), designed to enhance mutual understanding of how mining creates value for its diverse array of stakeholders. MVM measures and communicates the often-divergent needs and expectations of those stakeholders.
Creating a better understanding of these differences is the key to establishing trust and constructive collaboration, the report concludes.
The RMDI initiative included a global survey of stakeholders. The survey findings show that the expectations and drivers of value varied widely depending on the stakeholders’ country of origin and its level of economic development.
The original version of the report was published by the World Economic Forum.
ABOUT BOSTON CONSULTING GROUP
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
© Boston Consulting Group 2023. All rights reserved.
For information or permission to reprint, please contact BCG at firstname.lastname@example.org. To find the latest BCG content and register to receive e-alerts on this topic or others, please visit bcg.com. Follow Boston Consulting Group on Facebook and X (formerly Twitter).