August 2022

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Why Mining is Crucial for Sustainability

Sustainability Decoded with Tim Mohin and Caitlin Kinney is a place for leaders and experts to talk about important stories and the latest trends in ESG and climate.

ICMM CEO Rohitesh Dhawan discusses how mining and the circular economy intersect.

Produced by Persefoni Media House and Hueman Group Media.

Sibanye-Stillwater strategising energy solution involvement

Energy solutions that reverse climate change are on the list of strategic differentiators that Sibanye-Stillwater has under scrutiny.

They envisaged involvement is at the grid storage end of energy solutions, where redox batteries, vanadium, and molten salt grid storage solutions that use antimony reside. The company’s focus remains on producing metals, but they do believe, over an extended period, that having some exposure to the downstream side of certain businesses is valuable and appropriate.

Also, in response to a question on the role Sibanye-Stillwater would play with other stakeholders to voice concern about illegal mining by Zama-Zamas, Froneman said the company had highlighted the illegal mining issue for many years and had incurred considerable expense in dealing with illegal mining, which had even led to the company having to close shafts prematurely.

Full Article at Mining Weekly

Turning intent into action with the right talent for ESG in mining

Environmental Social Governance (ESG) is not a new concept. In fact, it has been part of many industry conversations for years, with some early movers seeing the need for change 10, 15, even 20 years ago. In more recent times the buzz-term ESG has come to be and there has been a growing need to integrate these commitments within central business functions due to the impact of climate change

The mining sector is facing one of the most transformative times in its history. Companies are presented with the opportunity to redefine and reorganize their businesses to create a more environmentally and socially responsible future for the industry. Therefore, to move from promise to action, mining companies must be set up to respond to ESG opportunity, challenges and risks which requires operating models that facilitate accountability, visibility and collaboration between departments along with a clear governance structure.

Full Article at Mining.com

Energy Transition Minerals in Ghana

In some African countries with significant fossil fuels, public policy discussions around the energy transition have centred around perceived risks associated with the transition – undeveloped oil fields, stranded assets and untapped oil revenues. To respond to such concerns, Ghana set up the National Energy Transition Committee (NETC) in December 2021.

A multi-year review (2004-2019) of trends in mineral production shows limited government revenue generated from mining despite significant production volumes. Also, upstream oil and gas sector has generated more revenues (approximately USD 6 billion) than bauxite, gold and manganese.

There is a need to update mining laws, policies and practices and align them both economically (with well-defined industrial development strategy) and ecologically (with commitments to meeting climate targets). It can be noted that critical minerals strategy and action plan would be a tactical step in defining a pathway to optimize value creation in the critical minerals boom.

There might be some potential risks such as at the early stages of the value chain, the award of mining rights and contracts could become vulnerable. To address these risks, transparent and accountable governance systems need to be strengthened before new licenses for critical minerals are awarded. Furthermore, opening due diligence processes to check corporate ownership chains and other Environmental, Social and Governance (ESG) indicators can be helpful. Together with transparent processes, adequately funded government agencies can play a key role in improving access to data.

To sum up, Ghana’s nationwide consultation to develop a national energy transition policy is a positive step. The resulting policy will be insufficient without considering the opportunities and risks associated with critical minerals, and policymakers could draw on GHEITI’s annual disclosure. After all, a balance between energy, economic development and environment is crucial.

Source: EiTi