African Mining January 2020 | Page 3

COMMENT  n L w a eo ou w - E eo ditor  @L nL ou EMBRACING SOFT ISSUES FOR A MULTIDISCIPLINARY, HOLISTIC APPROACH A mine’s role as the key driver of change is a lot different today than it was fifty years ago. In the past the mine would initiate disturbance and dominate the level of succession and pace of change. Back then, global mining companies were closed systems not much affected by outside influences. They dominated international markets and monopolised commodity prices. Individual mines left a lasting impression in the area of operation, and left their surroundings in an altered, often unrecognisable state; not always to the benefit of those in whose backyard they mined. Not too long-ago management was focused only on internal, or ‘hard’ issues. In other words, how to mine the ore body effectively, haul it efficiently and crush the rock optimally. Management and shareholders were primarily concerned with earnings and dividends, regardless of how their demands and needs affected the wider natural and human populations. In the past, when a mining company decided to venture into Africa, the geology, and only the geology, was really all that mattered. Not much was known about the history of the country or the culture of its people. As the keystone initiator of change, political or economic risks didn’t matter that much, as politicians could be ‘bought’ and many of the major mining houses had a bigger turnover than the GDP of most of the African countries in which they intended to operate anyway. The possible adverse effects that their project could have on the natural environment and surrounding communities was a tertiary concern, at best. Any suggestion that climate change would threaten their operations in future, would have been scoffed at. But the world is a different place today. Mining has evolved to become a modern, flexible and open system, and external factors now determine to what extent a mine will impact its surroundings. Mining no longer enforces the change alone. Once known as ‘soft issues’ the external factors have become as vital to the bottom line as the so-called ‘hard issues’. Before entering an African jurisdiction today, any business, but especially exploration and mining companies, need www. africanmining.co.za African Mining Publication to be fully aware of the community dynamics, the political history, the regulatory environment, the functioning of the ecology, and ultimately, how the operation will impact these ecosystem functions. Yes, geology is still paramount, but operating in African countries in 2020 and beyond, will require a holistic, multidisciplinary approach. To determine the impact an operation will have in future, requires an in-depth understanding of all these ‘soft issues’, including climate change. At a time when African communities are extremely vocal about their rights, when African governments continue to use resource nationalism to threaten capitalist ventures, and as the political and regulatory environment becomes more volatile, mining companies need to research all the links within the ecosystem they intend operating in, before they establish their business in a new country. To do an exhaustive due diligence study and assess all potential risks, companies will have to use multidisciplinary experts, and visit the areas in which they want to operate to learn more about the different aspects that will affect their operations in future. Mines will have to improve the natural environment they operate in, and not just limit their impact. Technology will have to be utilised to upskill a young, innovative, eager; but unemployed population entering the first stages of the fourth industrial revolution. Meanwhile, shareholders will continue demanding bigger dividends, but, at the same time, will start asking probing questions about sustainability and social and environmental responsibility. Mining companies will remain drivers of change way into the future, but their fate, and growth, in the end, will be determined by external factors, and how well they manage, and not enforce, their internal factors, and ultimately how they distribute profits equitably to improve the lives of all the people in the country and regions where they operate.  Leon African Mining African Mining  January 2020  1