Mineral Value Management – A Multidimensional View of Value Creation from Mining

The World Economic Forum's Responsible Mineral Development Initiative (RMDI) developed the Mineral Value Management (MVM) tool to address distrust and conflict in the mining sector by creating a shared understanding of value. Based on a survey of 300 stakeholders across 37 countries, the report identifies seven dimensions of value: fiscal/legal, employment/skills, environment/biodiversity, social/cultural, procurement/supply chain, beneficiation/downstream, and infrastructure. Findings reveal that while there is consensus on the importance of fiscal and legal frameworks, perceptions of current and future value vary significantly by stakeholder group and a country's economic development stage. The report argues that mutual value creation is possible through coordinated efforts in infrastructure, procurement, and employment, provided there is open dialogue and a focus on both structural and enabling factors.

• The Mineral Value Management (MVM) tool identifies seven dimensions that drive value for all stakeholders in the mining industry: fiscal and legal/regulatory environment, employment and skills, environment and biodiversity implications, social cohesion and cultural/socio-economic implications, procurement and local supply chain, beneficiation and downstream industry, and infrastructure.
• There is a global consensus among stakeholders that the fiscal, legal, and regulatory dimension is the highest priority for value creation across all regions and stakeholder groups.
• Stakeholder perceptions of value creation differ by group and region; for example, African governments are generally less positive about current value creation but have higher aspirations for the future compared to other stakeholders.
• Expectations for mining benefits vary by a country's economic development stage, with stakeholders in 'factor-driven' economies having higher expectations for future benefits as resources are a primary driver of their short-to-medium term growth.
• While stakeholders may agree on priority dimensions, they often disagree on the enabling factors required to create value. For instance, 59% of African respondents prioritized the transparency of arrangements between government and the private sector, compared to only 29% of Latin American respondents.
• There is a significant gap between government and industry views on downstream activities; over 25% of African government respondents view beneficiation and downstream industry as a top-two priority, while fewer than 5% of commodity producers agree.
• Opportunities for mutual value creation exist in procurement, infrastructure, and employment, but these require high levels of coordination between government levels, ministries, and private companies.
• The report distinguishes between structural factors (e.g., resource base, geography, existing skills) and enabling factors (e.g., institutional environment, stakeholder attitudes), noting that enabling factors can generally be altered more quickly to improve value outcomes.
• Effective stakeholder engagement requires recognizing the heterogeneity of local communities, particularly regarding gender, age, and education, as no single representative can speak for an entire community.

APA

World Economic Forum (2013). Mineral Value Management – A Multidimensional View of Value Creation from Mining. http://www3.weforum.org/docs/WEF_MM_RMDI_Report_2013.pdf

Chicago

World Economic Forum. Mineral Value Management – A Multidimensional View of Value Creation from Mining. 2013. http://www3.weforum.org/docs/WEF_MM_RMDI_Report_2013.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Mineral Value Management – A Multidimensional View of Value Creation from Mining |date=April 2013 |url=http://www3.weforum.org/docs/WEF_MM_RMDI_Report_2013.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2013mineral, author = {{World Economic Forum}}, title = {{Mineral Value Management – A Multidimensional View of Value Creation from Mining}}, institution = {World Economic Forum}, year = {2013}, month = apr, url = {http://www3.weforum.org/docs/WEF_MM_RMDI_Report_2013.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }