Page 24 - Bullion World Volume 4 Issue 11 November 2024_Neat

Bullion World | Volume 4 | Issue 11 | November 2024
B ullion W orld | V olume 4 | I ssue 11 | N o v ember 2024
The Consolidated

Mining Standard

Initiative Launches the

First Public Consultation

Mr Terry Heymann
Spokesperson, The World Gold Council

The Copper Mark, Mining Association of Canada, Once finalised, the Standard is expected to be
ICMM and World Gold Council – Partners of the used by existing members of ICMM, the World
Consolidated Mining Standard Initiative (CMSI) Gold Council and Mining Association of Canada,
– have published a draft consolidated standard, and participants of The Copper Mark. This broad
governance model, assurance process and adoption would give the Standard the widest
related reporting and claims policy, and encourage coverage of any voluntary mining standard to date
stakeholders to provide their views during a 60-day with implementation anticipated to include almost
public consultation. 100 mining companies across approximately 600
operations in around 60 countries.
The vision for the Initiative is for a sustainable
society, enabled by the responsible production, The draft Standard comprises 24 Performance
sourcing and recycling of metals and minerals. Its Areas covering a wide range of topics related
goal is to simplify the current mining standards to responsible mining practices. The Standard
landscape and promote continual improvement of builds on the attributes of the Partners’ individual
environmental, social and governance practices standards and each Performance Area has
across metal and mineral value chains - from mining three levels: Foundational Practice (a starting
to smelting, refining and beyond. position of conformance with minimum industry
standards, which a facility can build on and improve
The aim is for this Standard to be adopted by a performance over time);
wide range of mining companies – large and small,
across all commodities and locations - to drive Good Practice (a level of practice in line with
performance improvement at scale. An important industry standards and international norms,
feature of the Standard is that it is applicable to any frameworks and guidelines which all responsible
facility, anywhere in the world that is committed to mining companies should aim to achieve), and;
responsible practices. Leading Practice (a level of practice which goes

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