Financial Post: PDAC 2014: Miners keen to buy local - Building Markets

Financial Post: PDAC 2014: Miners keen to buy local

by Clare Hutchinson
March 5, 2014

Canadian mining companies are looking to buy more goods and services from suppliers in poor countries in order to prevent hostile relationships with local communities that could delay or disrupt projects. […] “It creates local jobs and income, it transfers skills and technology and it helps to create vital domestic business networks,” said Jeff Geipel, the manager of Mining Shared Value, an EWB initiative that helps the industry with local procurement.[…] For their part, governments in developing countries are increasingly looking to mining companies to provide evidence of how their projects will have a positive impact on local development, said Scott Gilmore, CEO of Building Markets, a non-profit organization that has helped mining companies connect to local suppliers.

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