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Mining with Purpose in Latin America
Description
In a landmark meeting, Inter-American Development Bank chief Ilan Goldfajn pitched a new vision for mining rare earth minerals in Latin America to Pope Leo XIV—turning a resource-driven industry into a model of ethical, sustainable development. With global demand soaring and Latin America sitting on vast reserves, Goldfajn argued that with local value creation, strict environmental and labor safeguards, and Vatican-backed credibility, the region could lead the way. The pope, shaped by decades of frontline experience in Peru, brings moral authority to the table, potentially reshaping how mining is viewed across the continent. This high-stakes dialogue aims to reconcile technological progress with justice, leveraging the Vatican’s influence to ensure mining doesn’t repeat its exploitative past.
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