The Kellogg Innovation Network (KIN) at the Kellogg School of Management will lead a special information session at the Investing in African Mining Indaba today to explore the social, economic and environmental dimensions that are vital for a vibrant mining industry in Africa and a future that provides better outcomes for all stakeholders. The session will be held from 14:00 – 16:00 in Suite 1.41.
Peter Bryant, Senior Fellow & Honorary Co-Founder, The Kellogg Innovation Network and moderator of the session stated, “The fact remains that unit costs of production have spiralled and productivity has collapsed in the last 15 years – so whilst miners lament that prices are way off the highs of 2013, they remain, depending on the commodity, two to four times higher than their lows in 2000. These problems need to be addressed both in Africa and globally; hence the imperative for transformative innovation is stronger than ever. Effecting change at this scale requires that multiple parties convene and collaborate in order to deliver a benefit beyond financial profit, and to re-engage with a shared social purpose.”
Speakers taking part in the session are:
- Winnie Byanyima, Executive Director, Oxfam International
- Albert Chama, Archbishop of Central Africa , Anglican Church
- Mark Cutifani, Chief Executive, Anglo American plc
- Jannette Horn, Environmental Services Group Regional Director Africa, Middle East and Europe, Hatch Goba
The session will also place a sharp focus on how the Development Partner Framework (DPF) can be an effective approach in Africa to create a new mind set and conversation.
Jonathan Moore, Managing Director of Mining Indaba, commented, “The work by KIN and its partners critically links to the central theme of the Investing in African Mining Indaba in 2016, of ‘Investing Beyond Mining Cycles’ and the focus on how mining companies can better structure themselves to remain competitive. The issue of sustainability is constantly evolving and is a key part of our agenda this year, we are proud to host this Special Information Session.”
The DPF was co-created by a diverse coalition that seeks to define a new, collaborative vision for the mining Industry and its role in society. It was designed to fundamentally change the extractive business model of the mining industry from insular and reactive, to an integrated and proactive development partner. The DPF has received global attention for its ground breaking approach, including a silver medal in the Collaborative Innovation category of the prestigious Edison Awards.
“The Development Partner Framework allows companies to re-examine the business of mining with a new set of principles that, if applied, will bring about better outcomes for all stakeholders, especially communities,” Bryant added.
A copy of the Development Partner Framework (PDF) is available for download at http://www.kinglobal.org/catalyst.php