Partnering for success
Establishing a successful partnership requires a combination of soft and hard skills. It's not only about developing a detailed understanding of the social and environmental impacts of a project over its life cycle. It's also about being able to engage with local stakeholders, appreciate their position and negotiate successfully for each party's mutual benefit.
In Mongolia, the 2009 Investment Agreement for our copper-gold mine at Oyu Tolgoi illustrates our approach. The agreement covers tax rates and requirements around infrastructure, regional development and employment. In 2015, we signed a Cooperation Agreement with partner communities at provincial and county level. This commits the mine and communities to work together for mutual benefit, promoting socioeconomic development for current and future generations.
In Australia, we also work hard to share the benefits of our operations. At our Weipa site in Queensland, where we have been mining bauxite since the 1950s, three Aboriginal Agreements underpin all our activities and ensure the social and economic benefits of the site are shared with local communities. At the adjacent Amrun project, we have been running recruitment roadshows to highlight employment opportunities and in Western Australia we have improved our procurement practices to prioritise local businesses wherever possible.