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5 mentions found


☆ Mining Industry Seeks to Define One Global Standard for Ethical Practices
  + stars: | 2023-11-23 | by ( Yusuf Khan | ) www.wsj.com   time to read: +6 min
Customers and investors are increasingly considering mining companies’ ESG performance. Photo: douglas magno/Agence France-Presse/Getty ImagesMining giant Anglo American is one of the companies that have been involved in developing the new mining standard. Anglo American itself commits to at least nine different mining standards and is part of 17 industry associations, which all have their own requirements. The LME has been consulted on the development of the new mining standard. For now, work continues on the new mining standard, with the four associations still discussing what it should look like and how it would be governed.
Persons: Cynthia Matonhodze, ”, “, Tracey Kerr, douglas magno, Rebecca Campbell, ” Campbell, Campbell, Paul Hackett, Georgina Hallett, Yusuf Khan Organizations: Bloomberg, International Council, Mining, Metals, Gold Council, Mining Association of Canada, Miners, Business, Global Investor Commission, ING, Jubilee Metals Group, Hochschild, ” Mining, Agence France, Getty, White, London Metal Exchange, REUTERS Locations: Umguza, Zimbabwe, Dutch, Brazil, London, Brumadinho, American, ”
☆ Mining Deploys Innovative Tech to Find Copper, Other EV Metals
  + stars: | 2023-07-20 | by ( Yusuf Khan | ) www.wsj.com   time to read: +8 min
By adding bio-surfactants along with the other chemicals during the soaking process, more copper floats to the surface and less is wasted. Locus says its bio-surfactants increase copper yields by 7%, and save energy because less rock needs to be crushed. It is also testing its process on iron ore and tailings waste. Photo: douglas magno/Agence France-Presse/Getty ImagesGroups concerned about the environment frequently talk about mining waste or so-called tailings, mining companies less so. “Long term we need to get more suppliers of these metals, rare earths in particular.”Phoenix finds mine sites where the tailings waste is free from radioactive elements such as thorium and uranium.
Persons: Nico Cuevas, Tesla, Cuevas, ”, Fatih Birol, Urbix, “, ” Cuevas, Luke Sharrett, Gabi Knesel, Knesel, douglas magno, Vale, Nicholas Myers, Myers, Yusuf Khan Organizations: SK, South, Sustainable Business, International Energy Agency, Miners, EV, Bloomberg, “ Mining, BHP, Agence France, Getty Locations: Mexican, Arizona, U.S, Mexico, Mesa, South Korean, China, America, Madagascar, Tanzania, Northern Europe, Solon , Ohio, Brazil, Woburn, Mass, New York, yusuf.khan
☆ Investors Push Mining Companies to Adopt Better Sustainability Standards
  + stars: | 2023-01-25 | by ( Dieter Holger | ) www.wsj.com   time to read: +4 min
Investors are pushing miners to adopt tougher sustainability policies amid fears the rush for minerals to expand renewable energy will harm the environment and poor communities. The newly-launched Global Investor Commission on Mining 2030 said it would introduce sustainability standards by next January which will seek to overhaul the mining industry this decade. “We’ll improve the practices and outcomes in the mining industry more quickly,” he said. PREVIEWThe rules will draw on lessons from investors and the mining industry’s development of the Global Industry Standard on Tailings Management. The tailings standard came out about two years ago following the 2019 Vale SA Brumadinho disaster in Brazil where a tailings dam collapsed and killed 270 people.
☆ South Africa mine dam collapse highlights patchy regulation
  + stars: | 2022-09-23 | by ( Nelson Banya | ) www.reuters.com   time to read: +4 min
A general view of the aftermath of a mine dam wall collapse in Jagersfontein, South Africa, September 12, 2022. Register now for FREE unlimited access to Reuters.com RegisterThe disaster has raised questions about who should be responsible for tailings dams oversight in South Africa and across the world. The Jagersfontein dam burst follows the brumadinho tailings dam collapse in Brazil nearly four years ago, which killed hundreds when a Vale SA (VALE3.SA)-owned dam collapsed. South Africa's government, mining industry and experts are still in the process of updating the country's tailings code to align with the global standard, the Minerals Council of South Africa said. The experts say, for example, that the global standards require a clearer responsibility and accountability structure than the current mine residue code in South Africa.
☆ Big business likes to trumpet ESG credentials. But a 'greenwashing' reckoning could be on the horizon
  + stars: | 2022-09-21 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +8 min
Many of these claims are now viewed through the prism of ESG, or environmental, social and governance. But here's the rub: Definitions of ESG often vary and are hard to pin down. Over in the United States, scrutiny of claims about sustainability and ESG is also taking place. When contacted by CNBC, Vale — which has an "ESG Portal" on its website — referred to a statement issued on April 28. The debate surrounding greenwashing is becoming increasingly fierce, with the charge often leveled at multinational companies with vast resources and significant carbon footprints.
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