The challenge of mineral wealth
OPM was part of a workshop held in Vientiane on 24 February 2011 to present the findings of a study on the contribution of large scale mining to Lao PDR. OPM undertook the study, entitled ‘The challenge of mineral wealth: using resource endowments to foster sustainable development’, in close partnership with three local organisations (Earth Systems Lao, the National Economic Research Institute, and the National University of Laos). The Lao PDR country case study builds on four other similar country case studies for the International Council on Mining and Metals (ICMM).
For the past five years OPM has been the lead contractor to the ICMM for its high profile “Resource Endowment initiative” (REi) and subsequent initiatives organised under the banner of “Mining: Partnerships for Development”. The REi has made a genuine impact on the debate about the role of mining in lower income and transition countries and in particular has provided the industry with a much firmer evidence base from which to address the earlier strong criticisms based around the propositions of the “natural resources curse”.