Kriittiset materiaalit’s Post

Four major mining organizations are working to consolidate their individual voluntary responsible mining codes and standards into a single standard for the industry. #esg #responsiblemining #miningindustry #srk

#ClientNotification Exciting News in Mining Regulations! The Indonesian government has unveiled MEMR Regulation 14/2023, a pivotal guideline for Mining Business Licenses. Underlining delegation processes, application criteria, and more. Dive into the details here: https://lnkd.in/gVnbvcp4 #ArmilaRako #InvestmentOpportunity

The government has recently introduced a significant regulatory development with Minister of Energy and Mineral Resources Regulation Number 14 of 2023, addressing the delegation procedures for Investigation and Research (I&R) related to Mining Area preparation. Serving as a detailed supplement to Government Regulation Number 25 of 2023, this regulation is pivotal for the mining sector. Under MEMR Regulation 14/2023, the Minister of Energy and Mineral Resources (MEMR) is empowered to delegate I&R activities to various entities, including state research institutions, state-owned enterprises, regional-owned enterprises, or eligible private businesses. This delegation specifically targets the preparation of mining areas, leading to tenders for Mining Business License Areas (WIUP) for metal minerals and coal, as well as Special Mining Business License Areas (WIUPK) for coal.

Discover the impact of a surging #gold market on junior mining companies. #GFG, #NCAU, and #AUEX discuss the opportunities presented by the growing gold market strength in 2024 and how that growth will translate into junior mining stocks. Register: https://bit.ly/4b8VwPF

*BIG NEWS*    The CORE has just published its final report investigating Dynasty Gold Corp. The Ombud determined that a human rights abuse occurred in Dynasty's operations. Some quick take-aways: 🔎 Dynasty is a majority shareholder in a joint venture mining operation in China with links to Uyghur forced labour.  🔎 While Dynasty may have lost operational control of the mine, they remain majority shareholders in the joint venture. This is sufficient to find that they are involved with the use of Uyghur forced labour at the mine.   🔎 Dynasty failed to demonstrate that it took any steps to identify, assess, or address Uyghur forced labour in its supply chain at any point throughout the joint venture.

Interesting findings released today in the final report by the Canadian Ombudsperson for Responsible Enterprise (CORE) following their investigation into Dynasty Gold. Findings outlined within the report include a failure to have human rights policies or procedures in place and a failure to conduct appropriate human rights due diligence in its operations or business relationships. For companies operating in sectors or regions regarded as 'high-risk' basic due diligence processes really are the bare minimum. The failures outlined within the report, which also includes a failure to meet fundamental elements of OECD Guidelines to "respect the human rights of those affected by their activities consistent with the host government's international obligations and commitments" highlight the importance of mandatory human rights due diligence legislation like the proposed CSDDD. The types of findings contained within the report may become common place as more countries introduce forms of supply chain due diligence legislation.

In this episode of Mining in Canada, Deshnee Naidoo, Global Mining Executive and EY’s Theo Yameogo delve into the importance of corporate culture, diversity and key considerations for miners to stay relevant as the industry evolves: https://ow.ly/WOn530sFanu #EYCanda #BetterWorkingWorld #MiningAndMetals

A new global report commissioned by The Gold Bullion Company reveals that Australia's mineral wealth is valued at an astounding $134 trillion, with copper reserves surpassing even the value of untapped gold. This highlights Australia's pivotal role in the global mining industry. Discover more: https://ow.ly/fokS50SJLpN #CopperInvesting #ResourceWealth #CopperMining #CriticalMinerals

[𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐍𝐄𝐖𝐒] In 2023, the global mining sector, including key players in Africa, faced a dual threat of falling commodity prices and rising operational costs, which pressured the financial performance of the world’s top 40 mining companies, according to advisory services firm PwC’s ‘Global Mine 2024’ report, which was launched last month. This week's #MiningInAfrica feature has the full story > https://bit.ly/4d1P8uk

BC mines are governed by robust, data-driven laws and regulations that are reviewed regularly to ensure they align with global best practices.   In recent years, new and significant reforms have been implemented to modernize and strengthen BC’s mining laws and regulations.   Read more here ➡ https://lnkd.in/gQ2z57tb   Image: Brucejack Mine in BC’s Golden Triangle, Newmont Corporation   #CriticalMinerals #BCMining #bcpoli #TransboundaryMining #GoldenTriangle