But according to the report being circulated among the mining industry from corporate consultancy Deloitte, the impact of these investments is often viewed as insufficient, and miners’ social licences could be increasingly at risk unless they can prove they are not only meeting but exceeding what is legally required of them.“In many countries, the true economic contribution of mining is being questioned,” said the report which was published last week and is being distributed this week. The report urges miners to consider the need to invest in “value beyond compliance”. “Mining companies must find innovative strategies to ensure the continued success of both their economic sustainability as well as social licence to operate,” said the report. Deloitte’s risk advisory principal Leeora Black said the impact of mining was becoming an increasing cause of concern as miners are forced to mine in more remote areas of the world and drill deeper into minerals deposits to obtain the earth’s resources. There was also a heightened focus from the investment community on sustainability, responsibility and climate change, which were becoming mainstream concerns and live topics across the industry.
In many countries, the true economic contribution of mining is being questioned. Deloitte report
Although there was room for improvement, Dr Black said larger mining companies understood the risks and the shifts in societal expectations and had begun “making changes in the right direction”.Australia’s biggest miner BHP recently “set a new bar” on climate and sustainability by announcing it would set goals for its customers to cut greenhouse gas emissions, Dr Black said.
To find out more about mine rehabilitation, check out our FREE guide here.
- Find out how 50 leading companies are driving transformational change in mine closure
- How to become a leader in mine rehabilitation
- Speak to our team for a free demo of our mine rehabilitation tool DecipherGreen
- See how our solutions help manage environmental, standard and approval requirements for mine rehabilitation here