International Council on Mining & Metals sharpens focus on water stewardship
The International Council on Mining and Metals (ICMM), whose members include 23 of the world’s leading mining companies, announced new commitments on water stewardship to help tackle one of the biggest global challenges of the 21st century.
With more than 1.2 billion people living in areas of water scarcity and natural habitats under increasing threat, ICMM recognises that industry can play an important role in tackling this global issue.
ICMM member companies, which account for around a third of global mining activity, pledged action to support the responsible use of water with the launch of ICMM’s water stewardship position statement.
The position statement is binding on ICMM members and requires them to: apply strong and transparent water governance (including robust public reporting); manage water at operations effectively; and collaborate to achieve responsible and sustainable water use.
ICMM will continue to develop guidance and toolkits to support effective water stewardship which will be available to the wider mining industry as well as other industry sectors.
Tom Butler, ICMM’s CEO said: “Our members have shown real leadership in adopting a firm commitment to water stewardship. Society will not be able to meet the sustainable development challenges of the 21st century without improving the management and use of global water resources. As an industry we have a leading role to play in contributing practical solutions to water resource challenges.
“Water is vital for local communities, the natural environment and for businesses so leadership on water stewardship is required from all parts of society. We are pleased to be playing our part and we are happy to share our work with other sectors and the wider mining industry too.”
Stuart Orr, WWF International’s Practice Lead for Water said: “ICMM's continued push and progress on water stewardship is commendable. This isn't just raising the bar and expectations within the mining sector but across all business sectors. They would do well to follow.”
The January 2017 issue of Mining Global is live!
Get in touch with our editor Dale Benton at [email protected]
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.