Four-party cooperation toward responsible mining

4th December 2023 Four-party cooperation toward responsible mining

Partnership

THE INTERNATIONAL COUNCIL ON MINING AND METALS LIMITED has announced cooperation with The Copper Mark, the Mining Association of Canada, and the World Gold Council. The main aim of this partnership is to create a global standard with a multi-stakeholder oversight system. In the statement, it can be found that the new standard will respond to feedback from a wide range of general audiences, enabling it to be implemented in random conditions. Moreover, it was highlighted that the new standard will give the widest coverage.

Statement

The official statement can be find on the the ICMM official webpage.

„This collaboration responds to direct feedback from investors, civil society, customers, policy makers and mining companies that confirmed the appetite for a less crowded and complex standards landscape that is more transparent, robust and encourages wider industry participation to drive impact at scale.

The process aims to take the best attributes of each organisation’s standard as the foundation for developing a single, global standard that would be practical and implementable by any mine operator regardless of commodity, geography, or size. Implementation of the standard would be overseen by an independent, multi-stakeholder governance body and a credible assurance process, both of which are to be defined and developed as part of this exercise.

The proposed standard could, at the outset, have the widest coverage of any voluntary responsible mining standard to date, with initial implementation by more than 80 mining companies with around 700 operations in almost 60 countries worldwide. Broader participation by companies beyond the four organisations will help support the industry to further raise the bar on ESG performance.

The development process is being informed by multi-stakeholder and industry advisory groups that will play an essential role in providing a balanced perspective on the proposed standard, assurance process and governance model. Inclusive engagement and consultation are at the core of this process. The draft standard will be shaped by wide ranging stakeholder engagement and feedback through a public consultation that we expect to launch in 2024.

Whilst developing a new standard is a challenging process, all partners are fully committed in their efforts to conduct a robust and thorough process in pursuit of this objective.”

Next WMC Congress

World Mining Congress

2026

The 27th World Mining Congress will be organized in 2026 in Peru.

Learn more
27th
Next IOC Meeting

IOC / WMC Meeting

2025

The 106th IOC/WMC meeting will be organized on September 18th 2025 in Jakarta, Indonesia.

Learn more
106th

Our news Others news

26th June 2025 BOEM approved first-ever request for critical mineral exploration in the deep sea

Seabeds raw minerals. Source; Photo by Nathan Langer on Unsplash

The Pacific Outer Continental Shelf holds immense promise for critical mineral resources vital to modern technology…

25th June 2025 Santa Cruz Copper Project with a strong Preliminary Feasibility Study

Ivanhoe Electric Inc. have made a press release where it has announced the completion of the…

23rd June 2025 Electrum Discovery Corp. unveils exploration breakthroughs at Timok East Copper-Gold

Gold bars. Source: Photo by Zlaťáky.cz on Unsplash

Electrum Discovery Corp. has informed in a press release about the transformative findings from its recent…

17th June 2025 A game-changer in rare earth recycling

Aluminium recycled foil. Source: Unspalsh.

Cyclic Materials has made a press release about its transformative step forward in building a circular…

13th June 2025 Brazil’s rare earths boom – a new frontier for global supply chains

Various minerals. Source: Photo by Takemaru Hirai on Unsplash

As Bloomberg informs, the global demand for rare earth elements surges, Brazil is stepping into the…

10th June 2025 13 Strategic projects – strategic milestone for Europe’s economic security

European Union flags. Source: Alexandre - lallemand Unsplash.

The European Commission has unveiled its first list of 13 Strategic Projects focused on critical raw…

30th May 2025 Unlocking the future of sustainable seabed mining

Seabeds raw minerals. Source; Photo by Nathan Langer on Unsplash

Lately a significant milestone in sustainable resource development has just been reached by Impossible Metals Inc.,…

29th May 2025 Velvet-Wood uranium and vanadium mine first project approved under new framework

The nuclear power plant at night. Source: Photo by Nicolas HIPPERT on Unsplash

The Velvet-Wood uranium and vanadium mine in San Juan County, Utah, has just received approval from…

28th May 2025 Harmony Gold with a $1.03 billion USD bid for MAC Copper

Gold bars. Source: Photo by Zlaťáky.cz on Unsplash

Harmony Gold Mining Company Limited has publicly announced a transformative step in the company's journey towards…

23rd May 2025 Gilar Mine begins production!

Miner and a truck in underground mine. Source: Photo by Munkh-Erdene Eenee on Unsplash.

Anglo Asian Mining has made a press release informing that it has commenced production at Gilar,…