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The mining sector gives a vital contribution to the economies of Latin America and the European Union (EU). It not only provides substantial amounts of revenues and jobs, directly or via its supply chains, but also supplies the raw materials that are essential for fast-growing, cutting-edge sectors such as renewable energy, fuel-efficient transportation or smart technologies. On the other hand, it faces multiple challenges, such as the difficulty to cope with lower commodity prices, the need to respect high social and environmental standards, or the necessity to meet more exacting customer requests.
The Latin America and the EU have stated their shared interest in harnessing the full potential of the extractive industries, as contributors to the local economies and as suppliers to key sectors of the future, and to do so in a socially, environmentally and economically sustainable way, in full alignment with the UN Sustainable Development Goals.
The aim of the platform is to bring together, building on existing multilateral cooperation, all relevant actors from entities and disciplines linked to the non-energy extractive industries in the EU and the Latin American countries Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay. It will thereby support a continuous and structured cooperation between the EU and Latin America, reinforcing the dialogue, promoting cutting-edge technologies, strengthening business, institutional and academic ties and opening new business prospects, thus leading to win-win situations between the two strategic partners.
On the basis of and ad-hoc comprehensive analysis of the EU and LatAm extractive sector, the Mineral Development Network Platform will be designed to enable spaces for networking, information gathering and exchange of good-practices.
In April 2018, the Mining and Exploration Convention and Trade Show (METS) will be organized for the first time in Madrid for all the interested stakeholders. EU and Latin American partners will be able to meet in person, gather first-hand information, engage in the discussions and promote their technologies, companies and organizations.
The Mineral Development Network Platform will connect EU and Latin American stakeholders in the extractive industries sector and will strengthen and forge new bonds across the Atlantic among more than 100 actors that will be integrated into this initiative. In addition, the MDNP will become a key agent to participate in the scientific, social and regulatory development dialogue.