This study explores how communities and companies can engage in co-planning and monitoring to ensure sustainable local development benefits from the extraction of resources. Key points are highlighted in six sections, which include: (1) the extractive industries context; (2) the business case and the community case for engagement using participatory planning and monitoring tools; (3) participatory tools within the different stages of extractive project development; (4) potential areas for co-planning and monitoring; (5) key challenges; and (6) conclusions.