Energy and Minerals Business Council

Energy and Minerals Business Council

The Energy and Minerals Business Council is a global business forum of mining and energy corporations formed in 2006 with an inaugural meeting at the Grand Hyatt Melbourne Hotel, in Melbourne, Australia on 18 November and 19 November 2006. The meeting was held to coincide with the 2006 G20 summit. [ [http://www.theaustralian.news.com.au/story/0,20867,20765701-601,00.html Energy chiefs sneak into G20] David Uren and Natasha Robinson, The Australian, November 16, 2006. Accessed September 17, 2007]

Membership is composed of the world's most powerful mining and oil companies including BHP Billiton, Rio Tinto, Brazilian iron ore miner Companhia Vale do Rio Doce (CVRD), Woodside Petroleum, Saudi Aramco the state-owned national oil company of Saudi Arabia, Anglo American PLC, PetroCanada and the BG Group.

Inaugural Meeting

Fifteen chief executives from the mining and energy sector attended the inaugural meeting, with Chip Goodyear, CEO of BHP Billiton chairing the meeting. [ [http://www.theage.com.au/news/malcolm-maiden/g20-is-an-idea-that-stacks-up/2006/11/17/1163266781388.html?page=fullpage#contentSwap1 G20 is an idea that stacks up] Malcolm Maiden, The Age, November 18, 2006. Accessed September 17, 2007]

In a first for a G20 meeting, an elite group of business leaders from the Energy and Minerals Business Council was able to address G20 Finance Ministers and Reserve Bank Governors at dinner on Saturday evening and at a working lunch." ["G20 2006 Australia communique". Quote taken from [http://melbourne.indymedia.org/news/2006/11/131655.php G20 Meeting invites Business, Excludes Civil Society] Melbourne Indymedia November 21, 2006. Accessed September 17, 2007]

In a statement released on 18th November 2006 the Energy and Minerals Business Council said: :"The aim for the natural resources industry is to provide sufficient resources at a reasonable price and in a sustainable way to ensure social and economic development." [ [http://www.icmm.com/news/1467061118_StatementofEnergyandMineralsBusinessCouncil.pdf Statement of Energy and Minerals Business Council] International Council on Mining and Metals website 18 November 2006. Accessed September 17, 2007]

Resource industry leaders said there had been a lack of investment in capacity in the industry, with a decline in levels of both skills and research and development, and that growth in Asian demand had not been anticipated. "The industry has been responding to these changes and is making massive investments, but the lead times are typically up to 10 years," according to the statement reported in The Australian. [ [http://www.theaustralian.news.com.au/story/0,20867,20786046-643,00.html Mineral demand to prop up price] David Uren, The Australian, November 20, 2006. Accessed September 17, 2007] The statement also argued for policy reforms to build extraction capacity, encourage market solutions, and promote accountability.

Rodrigo de Rato, Managing Director of the International Monetary Fund addressed the meeting of the Energy and Minerals Business Council. [ [http://www.imf.org/external/np/speeches/2006/111806.htm Energy Policy in the Global Economy] IMF website, Speech by Rodrigo de Rato, 18 November, 2006. Accessed September 17, 2007] as well as Australian Teasurer Peter Costello. [ [http://www.treasurer.gov.au/tsr/content/transcripts/2006/170.asp Australian Treasurer Press Conference] , G-20 Media Centre, Friday, 17 November 2006. Accessed September 17, 2007]

ee also

International Council on Mining and Metals

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Council of the Americas — is an American business organization whose goal is promoting free trade, democracy and open markets throughout the Americas. This includes Canada, Mexico and the Caribbean, as well as South America. Its members share a common commitment to… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Direct Energy — Type Energy retailer Industry Energy Founded 1985[1] or 1986 …   Wikipedia

  • Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …   Wikipedia

  • National Energy Education Development Project — Abbreviation NEED Project Formation 1980 Headquarters Manassas, VA, USA …   Wikipedia

  • HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… …   Encyclopedia of Judaism

  • List of Western Australian courts and tribunals — Courts= *Coroner s Court of Western Australia *District Court of Western Australia *Magistrates Court of Western Australia *Supreme Court of Western Australia *Western Australia Industrial Relations Commission*Industrial Magistrates Court… …   Wikipedia

  • Mathematics and Physical Sciences — ▪ 2003 Introduction Mathematics       Mathematics in 2002 was marked by two discoveries in number theory. The first may have practical implications; the second satisfied a 150 year old curiosity.       Computer scientist Manindra Agrawal of the… …   Universalium

  • Columbia School of Engineering and Applied Science — School of Engineering and Applied Science redirects here. For other uses, see School of Engineering and Applied Science (disambiguation). Fu Foundation School of Engineering and Applied Science Established …   Wikipedia

  • Sustainability metrics and indices — Sustainable development indicators (SDI) have the potential to turn the generic concept of sustainability into action. Today, however, we are far from achieving this potential. We can t currently find a standardized set of indicators and several… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”