Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The Mining Association of Canada (MAC) has awarded the Tamatumani Program at Glencore’s Raglan Mine and IAMGOLD’s Essakane Project with its prestigious TSM Excellence Awards in recognition of their innovative sustainability projects. The companies were presented their awards yesterday at the CIM Awards Gala in Montreal.
“MAC’s TSM Excellence Awards represent the best of the best when it comes to showcasing the innovative work being done by Canadian mining on innovation in environmental stewardship and community engagement,” said Ben Chalmers, Senior Vice President of MAC. “We are extremely proud of what both Glencore and IAMGOLD have been able to accomplish as they highlight what is possible and achievable in terms of sustainable and collaborative practices in our sector.”
Established in 2014, the TSM Excellence Awards include the TSM Environmental Excellence Award and the TSM Community Engagement Excellence Award. To be eligible for the awards, mining companies must be actively implementing the Towards Sustainable Mining (TSM) initiative. TSM is a performance-based program whereby mining operations evaluate, manage and publicly report on critical environmental and social responsibilities.
