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Category: Corporate social responsibility

Glencore Corporate social responsibility Economy International 

World’s largest wealth fund blacklists Glencore, Sasol and other giants over coal use

arnbethnic
OSLO – Norway’s $1-trillion wealth fund is excluding some of the world’s biggest commodities firms from its portfolio, including Glencore and Anglo American, because of their use and production of coal. Underlining the growing role of climate considerations for long-term investors, the fund is also excluding German utility RWE, South African petrochemicals firm Sasol and Dutch company AGL Energy over their use of coal.  Norway’s parliament agreed in June 2019 that the world’s largest fund would no longer invest in companies that mined more than 20 million tonnes of coal… Read More Here
Cyrille Gold Corporate social responsibility Mining in DRC 

Barrick Donates US$1.5M in the Fight Against Covid-19 in DRC

arnbethnic, , ,
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), operator of the Kibali gold mine, has announced a $1.5 million support program to help combat and contain the Covid-19 pandemic in the Democratic Republic of Congo. Barrick’s chief operating officer for the company’s Africa and Middle East region, Willem Jacobs, says the company believes the current situation requires a national response from all who have the DRC’s interests at heart.  Barrick, as a committed partner to the DRC, has structured a detailed Covid-19 support program for the country, which was communicated to the government at… Read More Here
Nathan Chishimba Copper Corporate social responsibility Mining in Zambia 

Barrick Lumwana Donates $530K to Zambia to Fight Covid-19

arnbethnic
Gold Major Barrick donated a $ 530,000 check to Zambia to help the country fight and curb the Covid-19 pandemic. Barrick Zambia country manager Nathan Chishimba said Tuesday that the company has already taken extensive measures to protect workers and their families living in and around the Lumwana mine from the virus.  “As a committed partner of Zambia, we also want to contribute to the government’s fight against the pandemic. As a result, we are funding medical equipment worth $ 340,000 nationally, $ 100,000 for the northwestern province, and $… Read More Here
Ivanhoe 10 ICU units Corporate social responsibility Mining in DRC 

Ivanhoe Equips DRC Mine With 10 ICU Units Amid Kamoa-Kakula Construction

arnbethnic
KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX:IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced today that, given the fast-evolving global impact of the COVID-19 pandemic, the company is providing further details on the rigorous protective measures it has implemented to protect the health and well-being of its employees, contractors and local communities while ensuring business continuity at the Kamoa-Kakula Project. In response to government-imposed travel restrictions and emergency protocols being introduced worldwide, strict quarantine and lock-down procedures have been implemented at all three of the company’s… Read More Here
Mining companies risk “SDG-washing'' 14 Corporate social responsibility 

Mining companies risk “SDG-washing”

Copperbelt Katanga News
Mining companies risk being perceived as “SDG washing” through their selective reporting on their contributions to the UN Sustainable Development Goals (SDGs). This emerges from a new report by the Responsible Mining Foundation (RMF). According to RMI 2020 report, companies often emphasize in their sustainability reports the positive contributions they make to SDGs, while omitting negative impacts that would hinder progress in achieving these goals. The report assessed a total of 38 major mining companies, which account for 28% of global mining activity. RMF CEO Hélène Piaget said: “The SDGs… Read More Here

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