May 09, 2019 Guest(s): Neil Pereira Principal Investment Officer, International Finance Corporation.
Past experiences with foreign investment in developing countries' mining industries have proven challenging. and the key to navigating the existing obstacles involves a two-fold solution, this according to Neil Pereira, principal investment officer of the International Financial Corporate.
When dealing with governments, he said, it is essential to ensure compliance with the mining code. When dealing with local communities, he spoke of the significance of securing the social license to operate.
"First, in terms of the regulatory regime is ensuring that your contract is fair," Pereira told Kitco News on the sidelines of the Mines and Money New York conference. "The other thing is really ensuring that social license to operate. Communities are much more aware now than they were 10, 20 years ago and their demands are much more."