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Category: Environment Social Governance (ESG)

Mopani Copper Mines awarded for ethical procurement practice 1 Mining in Zambia Copper Environment Social Governance (ESG) 

Mopani Copper Mines awarded for ethical procurement practice

Constance
Mopani Copper Mines has recently achieved the prestigious Chartered Institute of Procurement & Supply (CIPS) Corporate Ethics Kite Mark, which sets the standard for Africa’s mining sector. This achievement demonstrates the company’s commitment to investing in ethical practices in its procurement and supply chain activities. As part of Zambia’s efforts to increase copper mining output to 3 Mt a year by 2032, Mopani Copper Mines is playing a crucial role in meeting this target, which is high on President Hakainde Hichilema’s agenda since coming to power in August 2021. To… Read More Here
Perenco Oil & Gas Environment Social Governance (ESG) Mining Policy 

Perenco under Investigation for Corruption in African Countries

arnbethnic
The French-British oil and gas company Perenco is the target of several preliminary investigations opened in France for corruption of foreign public officials, particularly in African countries where it operates, according to sources close to the investigation. As part of these procedures, the Parisian offices of the company were searched by investigators from the Central Office for the Fight against Financial and Fiscal Infractions (Oclciff), who are in charge of the investigations, these sources confirmed, corroborating information from Challenges. The sources, however, did not specify the number of investigations opened,… Read More Here
Global Tailings Standard raises the bar for Social Management 2 International Environment Social Governance (ESG) 

Global Tailings Standard raises the bar for Social Management

Constance
The recent industry engagement efforts of the Church of England and a range of other investors leave no doubt: responsible tailings management is a key focus for 2023. With tailings dam failures on the rise in recent years (a trend expected to continue, unless practices improve), investors, mining communities, workers, and other stakeholders are putting pressure on the mining industry for the wholesale adoption of the Global Industry Standard on Tailings Management (GISTM), the global leading practice standard designed by ICMM, the UN Environment Programme (UNEP), Principles for Responsible Investment (PRI), and their advisors,… Read More Here
Mining giant ‘turned blind eye’ to Zambia lead poisoning 3 Environment Social Governance (ESG) Mining in Zambia 

Mining giant ‘turned blind eye’ to Zambia lead poisoning

Johannsen
Plaintiffs argue that decades of mining have turned the Kabwe community into ‘one of the most polluted places in the world’. Mining giant Anglo American knew toxic fumes and dust from a Zambian lead mine were poisoning local women and children but it failed to address the issue, lawyers have told a South African court. Lawyers for the plaintiffs made their case on Friday before a Johannesburg court that is to decide whether to give the go-ahead to a class-action lawsuit against the British firm’s South African subsidiary. Anglo American… Read More Here
Glencore’s McArthur River Mining Gets Tick Of Approval 4 International Environment Social Governance (ESG) 

Glencore’s McArthur River Mining Gets Tick Of Approval

Constance
Glencore’s McArthur River Mining (MRM) has welcomed the release of the Independent Monitor’s (IM) 2022 Annual Environmental Performance Audit Report (AEPAR). The AEPAR covers the period May 1 2021 to April 30 2022 and has found MRM achieved a very high level of overall compliance and no environmental issues requiring urgent investigation or attention during the reporting period. The report again found the McArthur River and its creeks are in good health and the fish are safe to eat. In reflection of MRM’s continuous improvement on the environmental management of… Read More Here
Young entrepreneurs from the Greater Katanga welcome the appointment of Miguel Katemb as head of ARSP 5 Mining in DRC Environment Social Governance (ESG) 

Young entrepreneurs from the Greater Katanga welcome the appointment of Miguel Katemb as head of ARSP

arnbethnic
The young entrepreneurs of the Greater Katanga area welcomed, this Wednesday, in a statement, the appointment of Miguel Katemb to the post of Director General at the subcontracting regulatory authority. “We are a collective of young entrepreneurs from Greater Katanga working in subcontracting, precisely in the private sector. We salute how saving the act which values ​​Katangan youth in particular and Congolese in general by raising one of ours to the rank of Director General at the head of the regulatory authority for subcontracting in the private sector (ARSP), we… Read More Here
Kansanshi agreement is a neat solution to a historical problem - Prof. Saasa 6 Environment Social Governance (ESG) Mining in Zambia Mining tax 

Kansanshi agreement is a neat solution to a historical problem – Prof. Saasa

Copperbelt Katanga News1 Comment
All shareholders in Kansanshi are now incentivised towards maximising production, says Prof. Oliver Saasa ZCCM-IH’s recently announced decision to move from a dividend model to a revenue-sharing model has been both praised and criticised in the media but, concerningly, the rationale and details appear to be widely misunderstood. Mining For Zambia asked renowned economist Professor Oliver Saasa to shine a light on this agreement, which has been three years in the making. There has been a significant amount of commentary in the media on the Kansanshi agreement since it was announced earlier… Read More Here
Ivanhoe Mines responds to The Sentry report and Globe and Mail article impugning Ivanhoe’s business conduct in the DRC 7 Press Release Environment Social Governance (ESG) Mining in DRC 

Ivanhoe Mines responds to The Sentry report and Globe and Mail article impugning Ivanhoe’s business conduct in the DRC

arnbethnic1 Comment
Ivanhoe Mines has issued this response today to a misleading and sensationalist “report” from an activist organization based in the United States, called The Sentry (Sentry), and an associated article in the Canadian Globe and Mail newspaper. The Sentry report, and a subsequent story by Globe and Mail reporter Geoffrey York that was published on December 15, 2022, include incomplete, selective and speculative content pertaining to Ivanhoe Mines’ business activities in the Democratic Republic of Congo (DRC), and mineral exploration investments on its Western Foreland Exploration Project. Both reports are… Read More Here
The Chinese group CMOC continues to refute the accusations of underestimating TFM's copper reserves 8 Environment Social Governance (ESG) Mining in DRC 

The Chinese group CMOC continues to refute the accusations of underestimating TFM’s copper reserves

arnbethnic
Chinese group CMOC has hit back at what it called “savage overcharging” by Congolese state-owned mining company Gécamines, which is seeking compensation for increased copper and cobalt reserves at its Tenke Fungurume mine in the country. . Congo suspects CMOC of having underestimated the mine’s reserves to reduce the amount of royalties it pays to Gécamines, which owns 20% of Tenke Fungurume Mining (TFM). CMOC, formerly known as China Molybdenum, denies doing so. The dispute between the two shareholders began in August 2021 when CMOC announced plans to invest $2.5 billion… Read More Here
COMINIERE requests the postponement of the decrees waiving PR13359 for several violations and fraud by AVZ 9 Environment Social Governance (ESG) 

COMINIERE requests the postponement of the decrees waiving PR13359 for several violations and fraud by AVZ

arnbethnic
COMINIERE SA, as a partner of DATHCOM and a State portfolio company, seized the Ministry of Mines on the 6th of the current month by its letter referenced CEM/DG/138/ckk/2022, accusing AVZ of having renounced part of PR13359 to transform it into PE13359. COMINIERE has asked the Ministry of Mines to postpone the decrees on the partial waiver of PR no. 13359. While brandishing the Dathcom Joint Venture Agreement, COMINIERE revealed in this letter a large number of violations by AVZ, which resulted in the non-issuance of the MOU for Dathcom. The… Read More Here

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