Case Study: Argentina Community Development Fund
In addition to the direct investments such as local employment, SSR’s Puna Operations has partnered with the local regional government to invest in host communities through a Social Development Fund. This innovative partnership between the mine and host communities will promote financial inclusion and create opportunities for local entrepreneurs as well as support a wide-range of social and community development projects.
SSR’s initial contribution of US$500,000 will be aimed supporting sustainable projects to diversify economic activity in the area. The projects will be focused on the 14 host communities – all of which have tremendous potential to develop agriculture, livestock, and tourism.
The management of the fund will be done in a participatory manner with a board of directors made up of representatives of each of the communities that will work together with the Puna Operations Team in the evaluation, approval and delivery of financing for the projects.