Top 5 socially responsible mining companies in Canada: 2015
There’s a difference between wanting to be socially responsible and having to be socially responsible. The truth is told through CSR initiatives.
Corporate social responsibility (CSR) entails voluntary actions taken by a company to improve living condition of local communities, whether through social, environmental or economic programs. The goal is to go beyond legal obligations, contracts and operating license agreements.
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Last week, Canadian magazine Maclean unveiled its annual Top 50 Most Socially Responsible Companies in Canada list. Partnering with Sustainalytics, a leading independent provider of environmental, social and governance research, the list highlighted the top companies based on their performance across key environmental and social indicators within their industries.
For Canada, these are the top mining companies making a difference.
5. New Gold
For the second year in a row, Vancouver-based miner New Gold makes the list of the top responsible mining companies in Canada. The company is recognized for excellent environmental initiatives, including recycling 27.3 million cubic meters of water in 2012. That’s roughly five times the amount of raw water the company withdrew from natural sources.
As one of the world’s largest gold producers, Goldcorp continues to make a difference. The miner was recognized for its outstanding commitment to social and environmental responsibility as well as investing heavily in the development of policies and programs for workplace safety, diversity, community development, education and support for non-profits.
"Operating in a transparent and socially responsible manner is a commitment that is absolutely fundamental to the way we do business," said Chuck Jeannes, Goldcorp'sPresident and CEO.
"We're proud of the strides we've made incorporating best practices into everything from land reclamation to ensuring we hire local workers and source from local suppliers where possible. We believe that every community we work with should prosper. This acknowledgment from Sustainalytics validates the work we're doing."
For the third year in a row, IamGold joins the list and for good reason. Despite operating in high-risk countries, the miner has not been involved in any significant community relations controversies and continues to have a favorable track record working with global communities.
Teck Resources is a great example of a mining company with a solid approach to CSR. The company is committed to responsible mining and mineral development and strives to build partnerships and capacity to confront sustainability challenges within the regions it operates.
“As a proudly Canadian company for over 100 years, Teck and its employees are focused on creating lasting benefits in the communities where we operate,” said Don Lindsay, President and CEO, Teck.
“These rankings are the direct result of the hard work of our people, whose dedication to doing the right thing for the environment, communities and future generations is at the heart of everything we do.”
For Kinross Gold, corporate social responsibility isn’t a chore—it’s a daily part of operations.
“I believe corporate responsibility is core to both our overall strategy and day-to-day activities, and it will remain a key priority for Kinross Gold,” said President and CEO J. Paul Rollinson.
The miner has a vast repertoire of programs dedicated to improving communities in which it operates. Each program is designed to specific operations with company-wide standards and global best practices.
Since 2010, Kinross has also been a signatory to the United Nations Global Compact, the world’s biggest CSR initiative.
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.