RE: EBRD hosting the Western Balkans Investment Summit 22 Feb.EBRD MINING OPERATIONS POLICY
The Bank will invest along the mining value chain. Mining is a capital-intensive industry with the need for long-term financing, which is often not available in the COOs. The EBRD will apply its wide range of equity and debt products within the mining sector, to invest in extractive activities, as well as other activities along the mining value chain. As such, EBRD will support the positive effects that mining generates in local economies and for small business, and strengthen backward and forward linkages. It will also support the development of transport, energy, water infrastructure and waste management, and other added-value facilities and services linked to the development of large mining sites. Building on the Mining Operations Policy, the Bank will address transition challenges by supporting the development of sustainable and transparent legislative and regulatory frameworks and building reliable institutional capacity. The Bank will support improved transparency and good governance. Responsible mining will be a guiding principle for EBRD operations. Responsible mining is understood as mining operations applying the best international standards in terms of environmental and social management, health and safety improvements, energy efficiency and revenue transparency and stakeholder engagement. Environmental, health, safety and social standards are currently applied to various degrees and with varied importance in the COOs. Through its involvement in the mining sector, the Bank has an opportunity to promote environmentally and socially responsible mining across its portfolio and to provide examples of best international practice to the relevant governments in areas such as environmental and social management, health and safety improvements, energy efficiency and revenue transparency. The Mining Operations Policy highlights current practices and addresses areas that call for special attention, particularly the expansion of the mining industry in some countries that currently lack sufficient legislation or enforcement of requirements in health and safety and environmental safeguards.
https://www.ebrd.com/downloads/policies/sector/mining-operations-policy.pdf
Maya Gold & Silver announces the finalization of a USD6M loan with the European Bank for Reconstruction and Development