Local Content And Sustainable Economic Development: The Best Practices For The Extractive Sector

In this June 2 Mining Coffee chat organized by Americas Market Intelligence, Remi Piet — Co-founder of Embellie Advisory — was joined by Nicholas Maennling from the German Development Agency (GIZ). Nicholas and GIZ have been very active in conceptualizing the role of the mining sector in economic development in Latin America and Africa in particular.

The focus of this discussion was sustainable economic development through the mining sector. In particular, Remi and Nicholas covered extractive industries and development governance, as well as best practices to increase local value creation.

Among the issues discussed in this Mining Coffee Chat were sustainable management of mining operations, transfers of innovation, knowledge management and best practices in stakeholder relations.

While the speakers’ initial focus was on Andean countries (where Nicholas has most recently worked), they also included examples from other jurisdictions in Africa, Asia and Latin America to best answer the specific interest of the attendees.

Click HERE to view the video of the Coffee Chat.

Mining Coffee Chats were weekly meetings held by Dr. Remi Piet, as part then of AMI. Remi explored important topics affecting the mining industry with expert speakers, and discussed with attendees the challenges they faced during COVID-19 and beyond.

The Embellie Advisory Mining Coffee Chats are now held in collaboration with the Emerging Markets Investors Alliance, a New-York based NGO focused on ESG investments.

To find out more about Embellie Advisory’s consulting work in the area of risk management for mining investors and companies, please explore our recent webinars, case studies and whitepapers.

Dr. Remi Piet

Dr. Remi Piet is the Co-founder and Managing Director of Embellie Advisory. Remi leads political and other risk analysis activities for the mining, energy and infrastructure sectors in Latin America and West Africa. He has worked on projects in more than 60 countries across Latin America, Africa and Europe and taught at several universities including the University of Miami, HEC (Paris) and Qatar University. Be it a snapshot country and counterparty risk analysis ahead of an asset purchase, the on-going monitoring of on-the-ground risks or the development of local sustainable value with stakeholders, Remi has a long track record of success building collaboration with a wide range of stakeholders.