Volkmar Guido Hable in cooperation with several lead investors from the mining and oil middle market is leading a new initiative, the Social Mining and EnergyAlliance 2020

1. 19 January 2017, Davos-Klosters, Switzerland
Volkmar Guido Hable in cooperation with several lead investors from the mining and oil
middle market is leading a new initiative, the Social Mining and EnergyAlliance 2020,
which will analyze and propose real life concrete solutions to the current most burning
socialissues affecting energy and mining projects around the world.
For that purpose a fund will be set up, which will work in partnership with the Global
Environment Facility, UN Environment Program, the UNHCR, the Medicines Sans
Frontier (MSF), the Sustainable Trade Initiative (IDH) and major oil and mining
companies and environmental NGOs as well as local country specific NGOs, and aims to
develop specific .
The fund will be launched with a commitment of up to $10 million, based on a
capitalization goal of $40 million by 2020, to be drawn from other bilateral and
multilateral donors as well as private sector partners. The capital will be used to provide
concrete proposals to governments and resource companies alike with the goal to
facilitate the development of future energy and mining projects by creating
employment and income solutions and thus an environment of social acceptance by the
local populations.
Energy and mining is one of the biggest drivers of economic growth in many world
regions in development, unfortunately often with little of those investments transpiring
into real increases of living standards for the local populations. Between 2000 and 2015,
a study of existing mining and oil projects in certain African countries but also the
Canadian north showed that the implementation of energy and mining investments had
no measurable increase in income or living standard for the local populations.
Volkmar Guido Hable added: “This situation has to change. How can us in the resource
industry demand from the local population to check off and thumb up our projects,
when there is nothing in it for them.”
The fund is expected to provide an incentive for companies and governments by driving
investments in countries and jurisdictions with new social standards benefitting the local
populations. It is an example of a global public-private partnership to drive action
towards social solutions, hosted at the World Economic Forum.
Volkmar Guido Hable, announced the launch of the fund today at the World Economic
Forum Annual Meeting in Davos-Klosters. “The future of the resource industry depends
on our common ability to both promote and restore confidence in us that mining and
energy projects in fact raise the living standards of these regions affected by them.” he
said. “Through this fund, we will work with middle market companies and governments,
the private sector and civil society to make this happen in innovative ways.”
The fund will be formally set up and incorporated as an independent legal entity later
this year.
The 47th World Economic Forum Annual Meeting is taking place from the 17th to the
20th
of January in Davos-Klosters, Switzerland, under the theme Responsive and
Responsible Leadership. More than 3,000 participants from nearly 100 countries will
participate in over 400 sessions.
. Volkmar Guido Hable to lead group of investors from the mining and oil sector to
raise $10 million by September 2017for studying and proposing solutions for social
issues in mining and energy projects

2. · Fund will into solutions for epidemic social problems in areas affected by mining and
energy projects.
· Read more about the new initiative Social Mining and Energy Alliance 2020
at www.SME2020.org; for more information on the World Economic Forum Annual
Meeting, see http://wef.ch
· Follow the World Economic Forum on all digital platforms: wef.ch/follow