Page 6: Conclusion
Mining and quarrying play a key role in the modern world. They also pose unique problems relating to sustainability. Building partnerships is essential to the ongoing development of Anglo American and to the countries and communities in which it operates.
Anglo American is continually looking to reassess ways in which it can contribute towards building better societies in its own spheres of operation, for example by supporting UK Government-sponsored initiatives like:
- the UN Global Compact
- the Extractive Industries Transparency Initiative - this is an anticorruption initiative under which oil, gas and mining companies in specific countries declare the total amount of tax they have paid and the host government makes a parallel declaration ('publish what you pay'). This makes it more difficult for wholesale embezzlement to occur by corrupt politicians or officials and helps stimulate a debate about how time-limited resource revenues should be used.
- the Voluntary Principles on Security and Human Rights bring together a number of governments (inc the UK and US), major oil and mining companies and leading human rights NGOs. The Principles seek to establish best practice around security risk assessment, control of private security, and interactions with public security forces. The objective is to prevent corporate security needs impacting adversely on the human rights of local communities.
The Good Citizenship Principles and SEAT also provide good examples of this ongoing development.