Extractive Industries Global Development NetworkName: Extractive Industries Global Development Network Through the Extractive Industries Network (EIN), Pact established a network of responsible, internationally-listed mining companies, international development organizations and local and national non-governmental organizations. The goal of the EIN is to achieve sustainable and equitable economic recovery and improved governance in the Democratic Republic of the Congo. Through the network, Pact works with companies and local communities to identify social needs and develop solutions.
Key program components included:
The first phase of this project came to a close in January of 2009. USAID has provided additional funding under this project for work in Oriental province in northeast DRC. Click here for information on this work.
Pact is also continuing its relationship with Tenke Fungurume Mining (TFM) in Katanga province. Check back soon for more details on this project.
Resources
Network MembersAngloGold Ashanti Anvil Mining and Pact Congo suspend partnership activitiesPact Congo has partnered with Extractive Industries Global Development Network member, Anvil Mining, since 2006 to assist with and implement social development programs for communities in the Katanga Province . Joint programs have included agricultural training, women’s micro-credit, capacity building and the training of entrepreneurs. Together, Pact and Anvil have achieved much in the way of livelihood improvement and the results of the partnership are a source of pride.Unfortunately Anvil has had to significantly reduced expenditure on social development for the immediate future and will end the partnership with Pact Congo from January 20th 2009. The suspension of activities was necessary because of the downturn in the global economy, the sharp decline of the copper price of more than 50% since September 2008, the prolonged DRC Government mining contract review process and insecurity in north-eastern DRC, which is damaging investor confidence, as well as the fact that there is currently limited access to capital for the majority of the mining companies in Katanga. Pact Congo is actively seeking other resources to continue its work with the communities engaged in, and impacted by, mining in the DRC. Staff contacts
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