Mining Magazine November 2016 | Page 32

TOP 10

Transparency

How much does a mining company really contribute to local economies and societies ? By providing local communities , governments , and even detractors of the industry a clear access to information , a company can essentially prove to the world that it is 100 percent true to its word .
Think of the impact that will have on an investor . If a mining company experiences payment disputes , like some currently are , the information to end those disputes or instil faith in that company is readily available . But if it isn ’ t , is an investor really going to simply take the company ’ s word for it ? That ’ s a lot of trust that could backfire dramatically .
And what does transparency achieve ? Greater confidence from investors and trust from stakeholders , crucial to longevity of mining organisations .
32 November 2016