independent fashion in remote locations and ‘ frontier ’ economies . It has often had to be an early adopter of introducing renewables . This can have the benefit of catalysing change in the wider local economy .
Q . WHAT ARE THE MAIN ESG ISSUES FACING GOLD MINING ?
» Gold mining , as with the wider mining sector , needs to find ways to build and maintain trust , across the value chain and in host locations . As much of the gold market depends on discretionary spending of some sort , gold miners have a particular need to prove the net positive impacts of their activities .
This includes their ability to expand and accelerate decarbonisation and as well as them making positive contributions to environmental protection and conservation .
They also need to demonstrate more clearly and effectively their ability to create local value and wider positive impacts , aligned with community needs .
In order to ensure these contributions are fully appreciated and supported , it is likely that more collaborative relationships and partnerships , with long-term time horizons , will need to evolve . The industry may therefore need to find ways to counter the short-termism imposed by capital market perspectives and election cycles .
16 June 2024