The Mining Myth: Sustainability and Development
by Binoy Kampmark
May 21, 2013
It has been a fiction that has held sway for a time. Mining booms create trickledown wealth. It is tagged as “sustainable” when it is premised on temporariness. Natural resources work for countries that possess them in abundance. Only on the periphery do we see the sense of foreboding that comes with these assets, be it the murder of such leaders as Patrice Lumumba in the Congo over fears that he might have handed over natural resources to the Soviets, or the fear of becoming a two speed economy, one dangerously reliant on commodity prices and extraction dues.
The latter is particularly relevant to the Australian context. Leaders like proclaiming the country as stable and untouched by the political fractiousness that tends to afflict other countries with similar pools of wealth. These scions of plunder are attempting to give lessons to other countries in the game, which is much like a thief teaching other thieves how best to open a safe in a sustainable, green way. This is the message at the Mining for Development Conference taking place in Sydney over May 20 and May 21.
The conference profile reads like a smooth document on dispute resolution and good governance, a manifesto of promise and environmental equilibrium. Mining, in short, is praiseworthy. It has had its problems, but the guests are keen to follow such standards as the EITI (Extractive Industries Transparency Initiative), the global standard for transparency of revenues from natural resources. And it has the blessings of AusAid, thereby surreptitiously linking aid to developing countries with a noble mining sector. If Coke would sponsor programs on nutrition, this is what it would look like.