Improving mining sector reputation through openness

To enhance trust and sustainability in mineral sourcing and trading, particularly in Nigeria, practical solutions must be prioritized over criticism. The following are some key strategies: 1. Promote Ethical Leadership Encouraging ethical leadership within mining companies can foster a culture of integrity. Leaders should engage stakeholders transparently and prioritize community welfare alongside profit. Training programs on ethical decision-making can empower leaders to navigate complex challenges responsibly. 2. Strengthen Supply Chain Transparency Implementing robust supply chain due diligence practices is essential. Companies should adopt frameworks that ensure minerals are sourced responsibly, minimizing the risk of conflict and exploitation. Public-private partnerships can facilitate this by bringing together various stakeholders to address challenges collaboratively. 3. Enhance Community Engagement Mining companies must actively involve local communities in decision-making processes. This can be achieved through regular consultations and feedback mechanisms, ensuring that community voices are heard and integrated into operational strategies. 4. Invest in Capacity Building Supporting local economies through training and education initiatives can empower communities. By investing in skills development, companies can create a more sustainable workforce that contributes positively to the mining sector. 5. Foster Regulatory Compliance Governments should enforce regulations that promote ethical practices in mining. Strengthening legal frameworks and ensuring compliance will help mitigate corruption and enhance accountability within the industry. By implementing these solutions, stakeholders can build a more trustworthy and sustainable mineral sourcing framework that benefits both communities and businesses alike. #ResponsibleMining #SustainableMining #EthicalSourcing #FairTradeMinerals #MineralResponsibility

Mining has a great habit of talking to itself. Conferences, technical reports, board meetings – we’re good at speaking the language of the industry. But if we want the public to understand the value of what we do, we need to start telling our story beyond the usual audience. Because here’s what I’ve learned: When people understand mining, they appreciate its impact. And when they appreciate its impact, they advocate for it. That’s how we build a stronger future for mining – by opening the conversation. If you're in this industry, I encourage you to talk about the work you do and why it matters. With your community. Your friends. Your family. Because your story has the power to shift perspectives.

Environmental, Social and Governance (ESG) in Mining ESG Reporting in mining is an essential framework that mining companies use to disclose their sustainability and ethical practices. It has become increasingly important for building trust with stakeholders, securing financing and ensuring compliance with regulatory requirements. Importance of ESG Reporting in Mining 1. Transparency and Accountability: Provides stakeholders (investors, regulators and communities) with insights into the company's environmental, social and governance performance. 2. Compliance: Meets regulatory and international standards such as those outlined by the International Council on Mining and Metals (ICMM), Global Reporting Initiative (GRI) and the Task Force on Climate-Related Financial Disclosures (TCFD). 3. Risk Management: Identifies and mitigates risks related to environmental impact, community relations and governance challenges. 4. Investor Confidence: Demonstrates a commitment to sustainable practices, attracting ESG-conscious investors and securing financing. 5. Community Engagement: Strengthens the social license to operate by addressing concerns of local communities. 6. Improved Market Valuation: Companies with robust ESG practices are perceived as lower-risk and more sustainable. 7. Enhanced Reputation: Positive public perception through commitment to sustainability. 8. Operational Efficiency: Identifying inefficiencies in resource use and waste management. 9. Access to Capital: Attracting green bonds, ESG funds and institutional investors. Challenges in ESG Reporting 1. Data Collection and Verification 2. Regulatory Variance 3. Balancing Profitability and Sustainability 4. Stakeholder Expectations Tools and Frameworks for ESG Reporting 1. Global Reporting Initiative (GRI): Standardized guidelines for sustainability reporting. 2. ICMM Mining Principles: Tailored guidance for the mining sector. 3. SASB Standards: Focused on sector-specific materiality. 4. UN Sustainable Development Goals (SDGs): Aligning mining activities with global development priorities. 6. CDP (Carbon Disclosure Project): Reporting on carbon emissions and climate strategies. Future Trends 1. Integration of Technology: Leveraging AI, blockchain and IoT for real-time ESG monitoring and reporting. 2. Increased Regulation: Governments and industry bodies pushing for mandatory ESG disclosures. 3. Focus on Scope 3 Emissions: Reporting on indirect emissions throughout the value chain. 4. Circular Economy: Emphasis on recycling, waste reduction and sustainable mining practices. #SustainableMining #ESGInMining #NetZeroMining #MiningForTheFuture

Good article about Rob McEwen - hackathons that open doors transparently and deliver value through collaboration aren’t the first things that we land on when thinking about #mining companies. McEwen understood value that derives from opening the door to new collaborative approaches. It’s worth dwelling on his example as we think about business models in mining today. Despite having generational opportunities around #criticalminerals, the industry struggles to attract the #mininginvestment needed for growth, and top talent is choosing other industries despite the opportunities of a vast, global growing sector. This tells us that it’s time to rethink business models. Going with McEwen’s example, how can collaborative approaches be baked into business models in value-adding ways? 🏹 community-centric and owned projects 🏹 leveraging investor categories, #blendedfinance and beyond 🏹 rethinking exploration business models - adding transparency and integration 🏹 deeper focus on #esg / #responsiblemining practices 🏹 right-sizing projects to fit local realities - mot everything is an Escondida 🏹 LSM collaboration with #asm that includes professionalization support As The Blended Capital Group, Capitals Hub Canada and Alliance for Responsible Mining (ARM) stand up a digital marketplace that democratizes access to capital for artisanal miners, we know that transparency and collaboration are central for success. Delivering at-scale capital toward scaled professionalization can be game changing in terms of financial, social, environmental and economic value, as ASM integration and collaboration with LSM’s increases. #mininginvestment #impactinvestment The Blended Capital Group and our network of partners and collaborators are committed to reimagining outcomes in artisanal mining. It is clear that this work adds financial value while improving lives and local economies. It is clear that this is a subset of transforming industry business models. It is clear that this is strategic - bridging supply gaps while positioning for sustainable value. Alliance for Responsible Mining (ARM) Levin Sources BanQu | Proven Traceability Tech & Expertise Napier Meridian Capitals Hub Canada Innovest Advisory Investing for Good CIC #responsiblebusiness #asgm #responsibleinvestment https://lnkd.in/gpR-mM8E