Community investment

Measuring the industry’s community investment

A survey of 25 Australian mining companies, explorers and resources contractors by corporate social responsibility consultants Banarra found that more than $34.7 billion was spent on community infrastructure, Indigenous contractors, local suppliers and other related activities in 2011-12.

The industry’s community contribution demonstrates the mining sector’s commitment to sustainable development in the conversion of natural endowment to social capital as well as economic dividends.

The size of the community contribution conclusively rebuts the suggestion that Australians were not getting a “fair share” of the mining boom and underscores the fact that the best way of to maximize the  social return from Australia's resource endowment is to ensure the mining sector remains globally competitive and continues to expand.

Voluntary community investment: A strategic approach that incorporates gender

Voluntary community investment (VCI) is a discretionary means by which the minerals industry demonstrates its commitment to making a positive contribution to host communities.

The toolkit Voluntary community investment: A strategic approach that incorporates gender helps companies deliver benefits equitably and sustainably to men and women in regional communities, materially contributing towards the business objectives of companies and shareholders.

The tool kit was developed under the direction of the MCA’s Gender Mining and Communities Dialogue in 2013 and is intended to help mining practitioners undertake a continuous improvement approach to developing and implementing new and existing VCI strategies in the Australian and overseas contexts.

The impact of mining on residential communities

A KPMG study on the changing demographic profile of Australia’s mining communities debunked claims about the alleged negative impact of mining in regional areas. It showed that the mining industry boosted incomes, attracted families and reduced unemployment across nine mining regions. In the process, the study served as a strong counter to claims that FIFO and DIDO are a ‘cancer’ on the bush.