Closing the Gaps – Opportunities to accelerate Progress on responsible Mining
Accelerated progress on responsible mining can only happen with intentional and collective action by all key stakeholder groups. While some companies have shown progress on responsible practices, tens of thousands of large and small companies, operating countless mine sites, show little sign of ESG awareness. In a new report, Closing the gaps, the Responsible Mining Foundation considers what is getting in the way of accelerated progress on ESG issues and fundamental rights across the this globally critical industry.
The report pinpoints where the most radical and urgent shifts are needed to close the gaps between current practices and society expectations.
Referencing the 20-year anniversary since the Mining, Minerals and Sustainable Development (MMSD) initiative that set so much in motion for the industry, the report highlights the MMSD recommendations that still require a meaningful response from the industry at large. And in a world where the economic narrative dominates, the report asks the question: what is the role of the normative narrative, of the rights narrative – does there always need to be a business case for the industry to do the right thing?
Closing the gaps presents a systemic view of opportunities and critical conditions for normalising responsible mining, including the role played by those with influence on industry practices and the global system, such as governments, investors, lenders, downstream customers, industry associations, voluntary initiatives, civil society and labour unions.
The report outlines some of the contextual contradictions and tensions that influence industry responses. These include society’s conflict of conscience between the need for the products of mining and the potential harm caused by extraction, the power disparities in the system, the search for trust, the reluctance of many governments to regulate faced with the need for FDI, investors’ conflict between ESG and profits, and evolving geopolitical divides.
Opportunities for accelerating the normalisation of responsible practice address important issues such as: access to information as a levelling tool for meaningful engagement, access to justice, open space for civic discourse, site-level focus, and harmonisation of internationally agreed norms for responsible extraction.
The report presents four potential indicators that can be used to help track major shifts towards responsible mining: 1) ESG-led business models; 2) Meaningful information-sharing; 3) Rights-based approach to harm prevention; and 4) An international instrument on responsible extractives.
RMF research has shown that it is eminently achievable for companies of all sizes to do what is necessary to rise to the challenge and to benefit from doing the right thing. The industry knows what responsible mining looks like and how to make it happen.
What is needed most from companies is courageous leadership on the part of mining executives to go beyond industry norms and incremental improvements, and to develop transformative approaches to preventing and minimising ESG risks and providing remedy when risks become realities.
And consumers, regulators, commodity traders, supply chain customers, investors, multilateral and multistakeholder organisations, and others with influence on the industry need to leverage their power in the system to accelerate responsible practices, hold companies to account, ensure accessible pathways to remedy in the event of harm, and normalise responsible mining.
Hélène Piaget, CEO of RMF, concludes “Ultimately, it is up to all of us to make sure that society’s demand for metals and minerals does not continue to come at the cost of harm and injustice to people and environments.”
Read the report
Source: Responsible Mining Foundation
Epiroc, a leading productivity partner for the mining and Infrastructure industries, has agreed to acquire RNP México, a manufacturer of rock drills and related spare parts.
Anneri Robinson named one of the Women in Rail Award Winners for 2022 by the International Railway Journal
Anneri recognized for her experienced leadership, proven contributions to the industry, and dedicated involvement in the community
The installation of the roof on the first of the three production halls for the Fehmarnbelt tunnel’s concrete elements is now complete. A topping out ceremony at the Rødbyhavn construction site marked the event for the 1,000 workers.
On Monday 30 May, Femern A/S and SICE-COBRA have signed the contract for the important task of equipping the Fehmarnbelt tunnel with advanced electro-mechanical installations and technology.
From first Ideas to Implementation – Satisfaction is guaranteed when we are enthusiastic about what we construct!
Enthusiasm about what we do when we build something is an important key to job satisfaction; communicating this to others, valuing people we deal with, and attracting skilled personnel in future gen...
As a result of demographic trends and the huge challenge that climate change has brought to society many of the companies involved in the geotechnical engineering, tunnel construction and mineral ex...
Konrad Behnke studied geology in Germany with a semester and internship abroad. He left his comfort zone during the corona pandemic – travelling first to Scandinavia. He has been working as an...
28.11.2023 - 30.11.2023
12.12.2023 - 13.12.2023
14.12.2023 - 15.12.2023
14.12.2023 - 15.12.2023
World’s longest Railway Tunnel Project – supported by innovative Conveyor Digitalisation and reliable Engineering
17. October 2022 (1955 Clicks)
The consortium BTC Brennero Tunnel Construction and the Hosch Group jointly delivered on a world-class tunnelling project by combining excellent engineering with the innovative remote monitoring system Hoschiris Discover.
11. May 2017 (3549 Clicks)
Das Liederbuch für Berg- und Hüttenleute des Berg- und Hüttenmännischen Vereins ist wieder lieferbar. Die neue, 15. Auflage ist inhaltlich umfassend und modern überarbeitet. Im Auftritt bleibt es klassisch und ist hochwertig sowie langlebig verarbeitet. Dies ist die einzige authentische Neuauflage des originalen Liederbuchs für Berg- und Hüttenleute des Berg- und Hüttenmännischen Vereins. Für zu Hause, den Knappenchor und die Kneipe.
27.11.2023 (237 Clicks)
01.11.2023 (164 Clicks)