Ivanhoe Mines President, Emphasizes Diversity and Sustainability
President Marna Cloete of Ivanhoe Mines emphasizes that mining plays a pivotal role in the unprecedented global changes occurring today.
The transition to a net-zero carbon emissions future relies on a secure supply of minerals, elevating mining’s political significance in a new light.
In the face of mounting concerns about climate change and energy availability, the mining industry must explore and develop resources urgently.
However, this pursuit also raises age-old questions regarding the ability to mine enough to decarbonize while maintaining environmental sustainability and social responsibility.
According to a report titled “changing the face of mining” Ivanhoe Mines firmly believes in overcoming these challenges and is dedicated to becoming a global leader in supplying essential metals for the world’s growing population and clean energy transition.
Promoting Gender Diversity in Mining: For decades, mining has been seen as an industry dominated by men, with gender inclusivity and equality gaining attention only recently.
Recently Ivanhole mines announced the addition of two African female leaders to its board. Dr Mlambo Ngcuka and Ms Traole.
President Marna Cloete acknowledges that while she has been fortunate to avoid encountering a “glass ceiling” during her two-decade-long career, this is not the case for many women in the industry.
It is crucial to increase awareness and make mining more appealing and supportive for women. Ivanhoe Mines recognizes the value of women-owned businesses, particularly when developing projects, and aims to promote their participation.
The Power of Diversity in Leadership: Recognizing that diversity in leadership fuels innovation and better decision-making, Ivanhoe Mines acknowledges the positive impact of having more women in top positions.
It is widely accepted that increased gender diversity at the executive level leads to improved financial performance and enhanced Environmental, Social, and Governance (ESG) ratings.
Women in Mining UK and partner White & Case deserve recognition for their contributions. Over the past decade, the number of women occupying board positions in the top 100 mining companies has increased from under 8% to 22% and continues to rise.
Commitment to Diversity and Inclusion at Ivanhoe Mines: As President, Marna Cloete has made promoting diversity and inclusion a top priority within Ivanhoe Mines.
The company has seen a 20% increase in its workforce, and the percentage of female employees has risen from 9% to 10%. Ivanhoe Mines remains unwavering in its commitment to local communities and governments.
The Kamoa-Kakula Copper Complex, for example, contributed approximately 4% to the GDP of the Democratic Republic of the Congo in 2022.
Additionally, the company has paid close to US$311 million in government taxes and royalties while maintaining the highest ESG standards.
Empowering Local Communities and Women–Owned Businesses: Ivanhoe Mines’ commitment to supporting local businesses goes beyond providing necessary resources.
The company actively fosters innovation, offers upskilling opportunities to community members, and creates avenues for women to manage and own businesses.
Initiatives such as the Kushona sewing center, the Mundjendje poultry farm, and the Ndizi Salama banana plantation are now owned and operated by women, providing them with financial independence and the ability to support their families.
Ivanhoe Mines firmly believes that the success of entrepreneurs and small businesses is crucial for local economic growth, job creation, innovation, and women’s empowerment.
Leading the Way in Mining: Ivanhoe Mines is proud of the achievements it has witnessed, which inspire further progress in the industry.
The company will continue to lead the way in transforming mining practices with an unwavering commitment to its people, communities, and environmental stewardship.
By prioritizing diversity, sustainability, and community empowerment, Ivanhoe Mines sets an example for the mining industry, driving positive change and contributing to a more inclusive and responsible future.
