2024 Volume 140 Issue 9 Pages 134-
For developing countries endowed with mineral resources, mineral resource development is often considereda short-term growth strategy compared to other industries. However, the exploration and economically viable extraction of mineral resources require substantial funds and advanced technology. Given the inability of developing countries to cover these costs independently, the involvement of foreign companies becomes crucial. Nevertheless, there are numerous challenges that must be addressed for foreign companies to enter the market, including the absence of legal and enforcement systems, inadequate infrastructure, and various risks. Moreover, even if foreign companies successfully enter the market, developing countries confront issues such as effective management of mining revenues and development investments, preparations for resource depletion, environmental and safety measures, and strategies for mine closures. To ensure the sustainable development of developing countries through the exploration and utilization of mineral resources, it is imperative to address a broad spectrum of issues, spanning from the establishment of robust legal systems to the implementation of comprehensive environmental measures. In this regard, support from developed countries is crucial. Japan boasts considerable expertise in the mining sector, and if the Japan International Cooperation Agency (JICA), tasked with aiding resource-rich developing nations, leverages Japan's knowledge to assist in the mining and economic development of these countries, it could pave the way for a sustainable and stable supply of mineral resources to the international market. This endeavor would also hold great significance for the revitalization of the domestic mining sector and the growth of other industries in Japan. For this reason, JICA initiated a project named “Shigen-no-Kizuna” = “Bond in Mineral Resource Field” (Human Resources Development Program in the Mining Sector) in fiscal year 2014.
