The Asia Miner

JUL-SEP 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 14 of 55

the asia miner • volume 15 • issue 3 13 FEATURE: All that glitters is gold GOING GREEN – FUTURE OF GOLD MINING Historically, the image of mining was not synonymous with clean, green nor parঞcularly socially construcঞve. And so, despite the significant contribuঞon to the world's economy, the mining sector's reputaঞon remained tainted in many countries due to percepঞons that mining companies engage in dubious pracঞces in developing countries, cause a negaঞve impact on local communiঞes and have an adverse effect on the environment. Mounঞng social and investor pressure to become responsible corporate ciঞzens is forcing environmental, social and governance issues to rise up the corporate agenda of many companies. "As the mining industry's value proposiঞon is increasingly called into quesঞon, mining companies are beginning to see that they cannot succeed into the future unless they change the way they operate. This is about more than enhancing efficiencies. It's about re-establishing trust with stakeholders and collaboraঞng to devise beer responses," said Glenn Ives, Chair Deloie Canada. In paving new paths for the future, most mining companies now aim to change for the beer. This goal is driving their ongoing investments in innovaঞon, digiঞsaঞon, and adopঞon of transformaঞve pracঞces. "It is no longer good enough for companies in our industry to see themselves as simply mining businesses that produce gold and generate returns for their investors," wrote Brent Bergeron, Execuঞve Vice President Corporate Affairs and Sustainability Goldcorp, in World Gold Council's Gold 2048: The next 30 years for gold essay series. "Instead, we need to step back and consider how we will work in partnership with governments and all our stakeholders to deliver both social and financial benefits to society." Despite differing geographical, operaঞonal and regulatory challenges, a number of gold mining companies are working towards a cleaner and more sustainable operaঞons. Goldcorp's Borden mine in Ontario, Canada, is set to become the world's first all-electric underground mine by replacing current diesel-fuelled mobile equipment with Baery Electric Vehicles (BEVs). On the other side of the globe, Newmont Mining's Australian operaঞons strive to improve efficient energy targets by increasing renewable energy supply through purchase agreements or self-generaঞon as well as transiঞoning to electric or hybrid vehicles. Addiঞonally, in 2009, Newmont began a forestry carbon offset project, planঞng a total of 800,000 mallee tree seedlings in New South Wales and Western Australia. The trees are expected to capture about 300,000 tonnes of carbon over a 30-50-year period supporঞng the Clean Energy Act. The trees also improve the salinity of the soils and increase biodiversity in the area. The trees are a part of the Carbon Farming Iniঞaঞve, launched by the Australian government in 2011. Last year, IAMGOLD's subsidiary, IAMGOLD Essakane SA, partnered with Total Eren, AREN ENERGY (PTY) Ltd and Essakane Solar SAS to develop a 15 MWp solar power plant for the company's Essakane mine in Burkina Faso. Lauded as the largest hybrid plant in Africa, the project aims to reduce the mine's fuel consumpঞon by approximately six million litres of diesel per year and lower its annual CO 2 emissions by around 18,500 tonnes. As part of an ambiঞous local development policy, the project will create 40 new operaঞonal jobs and devote a percentage of its revenues to local development. "Hybrid power systems enable energy intensive industries, such as mines, to reduce fuel consumpঞon, decrease energy costs, protect against fuel price volaঞlity, as well as improve their social and environmental footprint by cuমng greenhouse gas emissions and boosঞng local employment," commented President and CEO of IAMGOLD Steve Letwin. Borden electric underground mining vehicle

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