The Asia Miner

JAN-MAR 2019

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

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the asia miner • volume 16 • issue 1 6 LEADING DEVELOPMENTS "The fourth industrial revoluঞon represents a new era of business that can only be harnessed by leaders who have the courage of their convicঞon." DRIVING SUSTAINABLE SHARED SOCIAL OUTCOMES Deloie reports that companies – across all industries – are currently assessed on metrics exceeding just financial performance. They are judged on their calibre of connecঞons with workers, customers, communiঞes and regulators, as well as their impact on society at large. They must go beyond seeing corporate social responsibility as a cost of compliance and listen more closely to their consঞtuents to determine what stakeholders truly want and shi[ their operaঞonal processes in response. "By taking the ঞme to understand local community concerns and social objecঞves," says Andrew Lane Mining & Metals Leader Deloie, Africa, "mining companies have a unique opportunity to devise uncommon soluঞons to intransigent problems. "This posiঞons them to form true collaboraঞve partnerships, change negaঞve percepঞons about the industry, avert social conflict, and play a more proacঞve role in helping local governments deliver on their developmental outcomes." EXPLORING THE WATER-ENERGY NEXUS Water scarcity is an issue affecঞng every conঞnent. The UN reports around 1.2 billion people, or almost one-fi[h of the world's populaঞon, live in areas of scarcity. Another 1.6 billion people, or almost one quarter of the world's populaঞon, face economic water shortage. With mining being one of the world's most water and energy intensive industries, the sector has long struggled to secure community support and uninterrupted access to supply. According to the Climate Disclosure Project (CDP), 25 per cent of mining producঞon, represenঞng up to US$50 billion in annual revenue, could face water shortages and drought by 2030. Environmental concerns around water quanঞty and quality are also exacঞng financial, operaঞonal, and reputaঞonal tolls. Mining companies around the world now face elevated regulatory risks relaঞve to their use of water and community opposiঞon that has sparked protests, operaঞonal disrupঞon, and heightened levels of conflict. By approaching energy and water managements in tandem, mining companies can make business choices that opঞmise the use of both, and appease community concerns, as well as manage their environmental risks in an energy and water constrained world. "With a constant knowledge of how every drop of water is being used, and an understanding of all the parameters associated with its use, mining companies can manage water in the way they have begun to manage electricity, as a valuable resource," says Patricia Muricy, Mining & Metals Leader, Deloie Brazil. DECODING CAPITAL PROJECTS Deloie acknowledges a sense of opঞmism within the sector, post the last down cycle, as commodity demand increases. However, it cauঞons companies to learn from past mistakes and rebuild trust with stakeholders prior to launching into the next wave of investments. "As capital projects begin to pick up, mining companies will need to avoid the mistakes of the past by rethinking their delivery models, adopঞng appropriate governance processes, and ensuring they have the skills in place to manage performance across the enঞre project lifecycle," says Tim Biggs, EMEA Mining & Metals Leader, Deloie UK. OPERATIONALISING DIVERSITY AND INCLUSION PROGRAMS Mining tradiঞonally has been a male dominated field. Deloie, however, argues that for the sector to remain viable and aracঞve to new talent to meet the industry's digiঞsaঞon, automaঞon and innovaঞon goals, miners need to shi[ historical percepঞons about the industry. Many mining companies have arrived at a similar Mining is one of the world's most water and energy intensive industries

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