• INSIGHT

Compliance requires collaboration ESG compliance is not something that mining companies need to tackle on their own . With the help of a compliance services partner , it is possible for mining houses to unlock the true value of ESG through detailed , holistic mapping of the ESG compliance obligations affecting the mine and its complete value chain .

With a clear understanding of the obligations informing the operations ' daily requirements , it becomes possible to identify opportunities to create value . For example , a project that establishes a renewable energy facility will not only ensure a reliable supply for operations , but also an opportunity to offset the mine ’ s carbon tax liability .

From a social perspective , ESG compliance is the only way mining companies are going to win back the trust of the people . A solid commitment to ESG is irrefutable if the company considers the well-being of workers , while contributing to the development of the local economies . This must be demonstrated in the way the mining company operates and obtains its supplies , sources its employees and equipment . Healthy workers , productive communities and cleaner operations all add up to increased competitiveness , in a manner that minimises harmful impact on people , planet and profit . •

Janine Espin is managing director at Economic Development Solutions ( EDS ).

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40 • African Mining • September 2021 www . africanmining . co . za