With an increasing focus on sustainability for mining operations globally, more operations are cognisant of their carbon footprint – particularly major mining companies that face more scrutiny from civil society and investors.
Hence, more mining companies are focusing on achieving net-zero Scope 3 emissions to ensure that mined products are used sustainably downstream.
Moreover, the social aspect of sustainability is also being considered by investors, whereby mining operations are expected to positively impact mining-affected areas, says advisory firm Deloitte Africa Energy, Resources and Industrials leader Andrew Lane.
“Shareholders have a strong voice, and their opinion translates into the share price of a mining operation. The debate on what sustainability entails is alive and well among shareholders.”
He adds that investors are consequently more attracted to a reliable regulatory environment; therefore, African governments are expected to establish legislative certainty in the mining environment.
With Unlocking African Mining
Investment’ the theme of this year’s Investing in African Mining Indaba, Deloitte Africa hopes to participate in relevant discussions.
The firm is running the
Ministerial Symposium as a leader and knowledge partner, which will include CEOs and ministers from African mining industries.
Lane will also participate in the mining and circular economy panel on 8
February to gain greater insight into the circular economy and, in turn, be able to better inform clients on the topic.
“Circularity is important for the future of the mining industry. In addition to the mined product, customers are purchasing security of supply, providence, a lower carbon footprint and specific technical specifications. So, the role of the mining company is evolving, and circularity is going to play a big part in these other value propositions,” Lane concludes.