Gemfields takes home the Responsible Capitalism Award
Mr Ian Harebottle, the Chief Executive Officer of Gemfields and Kagem Mining, has been recognised for his excellence in a...
And the award goes to…
Mr Ian Harebottle, the Chief Executive Officer of Gemfields and Kagem Mining, has been recognised for his excellence in and commitment to social responsibility during operations.
In a ceremony at the Palace at Westminster this week, Mr Harebottle was among nominees from across the world in the FIRST Responsible Capitalism category.
“It gives us a great sense of fulfilment to know that we are doing the right thing within the gemstone industry and fulfilling our responsibility as this market’s leaders. Gemfields takes a holistic approach to all of its operations in order to support the ethical and responsible production and sourcing of gemstones and that the communities and economies within which we operate benefit from the operations,” said Mr Harebottle.
“These values are deeply entrenched in all of Gemfields operations across the world and winning this award validates that commitment.”
FIRST, a mutli-disciplinary international affairs organisation, aims to promote an open dialogue between industry leaders across the world in a bid ti improve communication and social responsibility.
The Responsible Capitalism award represents a ‘coherent commitment with business acumen and innovation’ in which a company can measure its success through ‘sustainability, equity and moral justice’ alongside financial achievements.
Harebottle is also the CEO of Kagem Mining, a subsidiary of Gemfields. The company-run social and community development initiatives in these areas include education, health, local economic empowerment, environmental protection.
Read the May 2016 issue of Mining Global magazine
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.