The mining sector gives a vital contribution to the Latin American(LatAm) and European Union (EU) economies. It not only provides substantial amounts of revenues and jobs, directly or via its supply chains, but also supplies the raw materials which are essential for fast-growing, cutting-edge sectors such as renewable energy, fuel-efficient transportation or smart technologies. On the other hand, it faces multiple challenges, such as the difficulty to cope with lower commodity prices, the need to respect high social and environmental standards or the necessity to meet more exacting customer requests.
It is in the mutual interest of LatAm countries and the EU to exploit the full potential of the extractive industries, both as contributors to the local economies and as suppliers to the sectors of the future, and to do so in a socially, environmentally and economically sustainable way, in full alignment with the UN Sustainable Developments Goals.
Therefore, the EU and Latin America have stated their shared interest in intensifying the cooperation within the extractive industries on the basis of their complementarities and common objectives.
This will help overcoming challenges and foster economic growth.
The EU, jointly with seven Latin American partner countries (Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay) now wants to translate this shared interest into practice through the Mineral Development Network Platform (MDNP) project.
The aim of the MDNP project is to bring together, building on existing multilateral cooperation, all relevant stakeholders from entities and disciplines linked to the non-energy extractive industries in the EU and the participating LatAm countries. It will thereby support a continuous and structured cooperation between the EU and Latin America, reinforcing dialogue, promoting cutting-edge technologies, strengthening business, institutional and academic ties and opening new business prospects, thus leading to win-win situations between the two strategic partners.
On the basis of an ad-hoc, comprehensive analysis of the EU and LatAm extractive sectors, the MDNP will be designed to enable spaces for networking, information gathering and exchange of best-practices.
In April 2018, the Mining Exploration and Trade Show Conference (METS) will be organized for the first time in Madrid for all interested stakeholders. EU and Latin American partners will be able to meet in person, gather firsthand information, engage in discussions and promote their technologies, companies and organizations.
Governmental entities, extractive industry, technology suppliers-including SMEs-, geological surveys, exploration and mining companies, academia and other relevant entities working in the fields of technology, consulting services, infrastructure, investment, trade, training and skills, health and safety, good governance and other important areas of the mining value chain.