TheAluminiumindustryisan.PDFVIP

The Aluminium industry is an acknowledged leader in resource development based on its performance at all levels of the sectors operations. This performance is driven by the industry’s determination to continue to grow in the best possible manner using sustainable aluminium production principles as the basis of production. The industry believes it has an obligation to share its expertise in established and new investments through mentoring, workshops, conferences, on ground demonstrations and trial projects. This approach is designed to improve the performance of existing and foster the capacity of new developments to perform at best practice levels across all aspects of operations from mining through to ingot production Major resource development requires: ? High mineralisation/large-medium resource base ? Transparent regulatory framework for investors/developers ? Security of tenure – linked to asset life ? Land access rights ? Internally consistent laws among the various levels of government. ? Strong and consistent regulations ? Stable tax regime that supports investment ? Finance available only when above criteria are in place Host countries expect developers will: ? Recognise and respect host country aspirations –economic, environmental and social ? Build capacity in local economies – skills and infrastructure ? Adhere to global mining and investment principles Developers expect host countries will provide: ? Transparent regulatory environment legal framework ? Risk shared with local partners in joint developments ? Returns commensurate with asset life ? Taxes, charges, royalties based on fair risk/reward principles Host Country Aspirations: Capacity Building Host countries want to build capacity in thei