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.
3 June 2015
LONDON – The World Coal Association (WCA), the leading global coal industry body, has announced the appointment of Benjamin Sporton as its new Chief Executive and Mick Buffier as Chairman.
The new leadership marks an important change at the WCA, as it repositions itself to more fully engage on the global challenges facing the coal industry.
The WCA Board confirmed the appointment of Mr Sporton at its Annual General Meeting in London yesterday. Mr Sporton’s appointment follows an extensive international search since the beginning of the year.
Mr Sporton stated: “I am delighted to have been appointed the new Chief Executive. The WCA has a hugely important role to play in raising awareness of the importance of coal in the global energy mix and the significant potential of high efficiency low emissions (HELE) coal technologies and carbon capture, use and storage (CCUS) in reducing global CO2 emissions.
“The WCA launched the global Platform for Accelerating Coal Efficiency (PACE) at the beginning of 2015 as a practical contribution to global efforts to reduce CO2 emissions. PACE’s objective is to raise the global average efficiency of coal-fired power plants and so minimise CO2 emissions, whilst maintaining legitimate economic development and poverty alleviation efforts. As we approach COP21 at the end of this year, it is essential that any new climate agreement is technology neutral.”
Benjamin has been Deputy CEO at the WCA since 2012 and Acting CEO since the end of 2014. He has extensive international experiencing leading the WCA’s policy and advocacy work, with a particular focus on climate change, energy poverty and sustainable development. He has also led the WCA’s work on the launch of PACE.
Mr Sporton represented the global coal industry at the 2012 UN Conference on Sustainable Development in Rio de Janeiro (Rio+20), regularly attends UN climate negotiations and is an Associate of the Coal Industry Advisory Board to the International Energy Agency.
Mick Buffier is Group Executive, Coal Assets at Glencore, with 35 years’ experience in the coal mining industry in Australia. He has been a Director of the WCA for over four years.
Speaking on his appointment, Mr Buffier said: “This is an exciting time for the WCA. I am confident that with our new leadership we are well placed to play our role in meeting the global challenges facing the energy sector and making a positive contribution to global efforts to reduce CO2 emissions.
“For many countries, the reality is that the only way they can meet their growing energy needs is through affordable, readily available coal. According to the International Energy Agency (IEA) global electricity from coal is expected to grow by around 33% to 2040. Given this growth, it is essential that there is greater investment in cleaner coal technologies to widen their deployment – this includes HELE coal technologies and CCUS.”
Mr Buffier is a Director of ACALET, the Australian coal industry’s $1billion low emission coal technology fund. He is a former Chairman and a current Director and Deputy Chairman of the NSW Minerals Council, as well as a Ministerial appointee to the NSW Coal Innovation Council. Mr Buffier is an Associate of the IEA Coal Industry Advisory Board and a peer reviewer of the IEA World Energy Outlook.
The World Coal Association is a global industry association formed of major international coal producers and stakeholders. The WCA works to demonstrate and gain acceptance for the fundamental role coal plays in achieving a sustainable and lower emissions energy future. Membership is open to companies and not-for-profit organisations with a stake in the future of coal from anywhere in the world, with member companies represented at Chief Executive or Chairman level. WCA is the global network for the coal industry.
