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Category: Environment Social Governance (ESG)

OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk) 1 Governance Environment Social Governance (ESG) 

OPINION: Glencore’s Leadership Must be Held Accountable for Company’s Corrupt Behavior (By NJ Ayuk)

arnbethnic
Glencore International A.G. and its subsidiaries bribed officials in seven countries for more than a decade After U.S. energy company Enron made global headlines in the early 2000s for accounting and corporate fraud, attention quickly shifted to the decision-makers behind the company’s actions. Ultimately, Enron executives Kenneth Lay, Jeffrey Skilling, and Andrew Fastow were convicted on federal felony charges. That was the appropriate response. When corporations engage in illegal behavior, the people responsible should face repercussions — and they often do. Why, then, have the executives at Switzerland-headquartered commodities and… Read More Here
SRK’s teamwork benefits firms in DRC 2 Mining in DRC Environment Social Governance (ESG) 

SRK’s teamwork benefits firms in DRC

arnbethnic
Bringing its technical expertise together with language and cultural understanding, SRK Consulting has been able to offer greater support to companies from China operating in the Democratic Republic of Congo (DRC). SRK’s office in the DRC – based in the mining hub of Lubumbashi – recently launched a collaborative initiative with SRK practices in China and South Africa. By working more closely, these offices have been able to optimise service levels for China-based clients. Recent years have seen a steady increase in the number of Chinese owned mining companies operating… Read More Here
RMI confirms ERG’s Metalkol RTR cobalt and copper production is compliant with responsible sourcing principles 3 Environment Social Governance (ESG) Mining in DRC 

RMI confirms ERG’s Metalkol RTR cobalt and copper production is compliant with responsible sourcing principles

arnbethnic
Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, announces that the Responsible Minerals Initiative (“RMI”) has confirmed that the cobalt and copper produced by ERG’s Metalkol RTR is compliant with the RMI’s Responsible Sourcing requirements. This follows an independent assessment as part of RMI’s flagship programme, the Responsible Mineral Assurance Process (“RMAP”). In August 2022, the RMI confirmed that Metalkol RTR was conformant with the Assessment Standard for Cobalt Due Diligence Standard (2018) and Joint Due Diligence Standard for Copper, Lead, Nickel… Read More Here
ZAMBIAN GOVT PRAISES SOCIAL AND ECONOMIC DEVELOPMENT INTERVENTIONS FROM FQM 4 Mining in Zambia Corporate social responsibility Environment Social Governance (ESG) 

ZAMBIAN GOVT PRAISES SOCIAL AND ECONOMIC DEVELOPMENT INTERVENTIONS FROM FQM

arnbethnic
SOLWEZI, ZAMBIA – The government has commended First Quantum Minerals for the work it is doing in ensuring that not only its employees and their families, but communities around its projects in Zambia benefit from the positive impact of its mining activities.The government has also noted that the mining firm’s social and economic development interventions it has been undertaking, are aligned with the Sustainable Development Goals, a move that puts the company at the forefront of best practices in private sector social investment locally and globally.Speaking during the hand over of a… Read More Here
FQM LAUNCHES CAMPAIGN TO ENHANCE EMPLOYEE HEALTH AND SAFETY   5 Mining in Zambia Environment Social Governance (ESG) 

FQM LAUNCHES CAMPAIGN TO ENHANCE EMPLOYEE HEALTH AND SAFETY  

arnbethnic
NORTH-WESTERN, ZAMBIA – In its quest to promote a safe and healthy working environment and lifestyle of its employees at its Kansanshi Mine Plc in Solwezi and FQM Trident Limited in Kalumbila, including the Ndola and Country offices, First Quantum Minerals has launched the My Reason to THINK (MRTT) programme. The Programme has been launched in line with First Quantum’s safety culture, which values the importance of the safety and health of employees to reduce the risk of work-related injuries and ensures there is consideration of the sustainability of the business. The MRTT… Read More Here
Update on the rehabilitation of the Mutuka dyke in Kolwezi by SICOMINES SA 6 Environment Social Governance (ESG) Mining in DRC 

Update on the rehabilitation of the Mutuka dyke in Kolwezi by SICOMINES SA

arnbethnic
Kinshasa September 18, 2022.- The Sino-Congolese mining company (SICOMINES SA) announces the imminent end of the rehabilitation works of the B6 dike in the Luilu sector in Kolwezi in the province of Lualaba. The structure can be used both for the transport and storage of rainwater.For SICOMINES SA, this dyke will solve the problem of recurrent flooding and erosion in the Kapata, Mapendo and Mutaka villages, but also prevent the despoliation of the rivers that the first two villages cross.The lack of maintenance was the basis of many potholes on… Read More Here
2022/2023 mine rehabilitation program at FQM Trident Limited 7 Mining in Zambia Environment Social Governance (ESG) 

2022/2023 mine rehabilitation program at FQM Trident Limited

arnbethnic
Preparations for the 2022/2023 mine rehabilitation program at FQM Trident Limited have reached an advanced stage. The Environmental Department has made good progress in stockpiling top soil, procurement of grass seeds, raising indigenous tree seedlings and re-enforcement of tools and equipment for a successful wet season of grass and tree planting.Kachiwala Sapalo, FQM Trident Environmental Manager indicates that re-profiling of a decommissioned section of the South Waste Rock Dump is progressing well with 4.2 hectares already done. About First Quantum Minerals Ltd First Quantum Minerals Ltd is a global metals… Read More Here
Banking activity in the DRC is one of the weakest in the region, according to the IMF 8 Mining in DRC Economy Environment Social Governance (ESG) 

Banking activity in the DRC is one of the weakest in the region, according to the IMF

arnbethnic
In its report published recently in August 2022 on the Congolese financial system, the International Monetary Fund (IMF) indicates the fragility of the business model of commercial banks in the Democratic Republic of Congo. “A comparative analysis with certain peers in the region (countries very dependent on exports from the mining sector) underlines that banking activity in the DRC is one of the least profitable in the region despite very high interest margins, at more than 10 percent,” notes this Bretton Woods financial institution in this study conducted by its Monetary… Read More Here
DRC: Félix Tshisekedi raises George Arthur Forrest to the rank of "Grand Cordon" in the national order of Kabila-Lumumba national heroes 9 Mining in DRC Environment Social Governance (ESG) 

DRC: Félix Tshisekedi raises George Arthur Forrest to the rank of “Grand Cordon” in the national order of Kabila-Lumumba national heroes

arnbethnic
On the occasion of 100 years of anniversary of the General Company Malta Forrest “EGMF”, George Arthur Forrest, president of the Forrest International Group, was elevated, Wednesday, September 7 in Kinshasa, to the rank of “Grand Cordon” in the National Order of National Heroes Kabila-Lumumba, by the Chancellor of National Orders, on the orders of the Head of State Félix Tshisekedi. He was elevated to this rank for “his eminent and loyal services” rendered to the Congolese nation by contributing to national development through the company Malta Forrest but also… Read More Here
DRC Mines Minister Antoinette N'samba's fierce fight against child labor in mines 10 Mining Policy Environment Social Governance (ESG) Mining in DRC 

DRC Mines Minister Antoinette N’samba’s fierce fight against child labor in mines

arnbethnic
The Minister of Mines, Antoinette N’Samba Kalambayi, opened Thursday, September 08, 2022, in the conference room of the Ministry of Foreign Affairs, a workshop to present the monitoring and remediation system for child labor in mines. This workshop, which brought together experts, technical and financial partners, will enable participants to strengthen strategies and tools to fight against child labor in artisanal mining sites, with the aim of eradicating child labor children in mines in the Democratic Republic of Congo. In her opening address, the boss of the mines Antoinette ‘Samba… Read More Here

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