International Council on Mining and Metals

International Council on Mining and Metals

The International Council on Mining and Metals (ICMM) is comprised of 18 mining companies. The council was formed in October 2001 to comply with the mission set forth in the Global Mining Initiative. Criticism of lack of oversight in industrial mining operations from environmental and social groups created pressure on the companies to improve their practices. The ICMM now seeks to work with communities and governments to find ethical means to discover and extract metal ore from the earth.

Sustainable Development

The ICMM has developed 10 principles to which member companies must adhere. These considerations resulted from a survey of concerned parties both within and outside the council. They seek to comply and reinforce guidelines established by organizations including the OECD and the World Bank.

*Implement and maintain ethical business practices and sound systems of corporate governance.
*Integrate sustainable development considerations within the corporate decision-making process.
*Uphold fundamental human rights and respect cultures, customs and values in dealings with employees and others who are affected by our activities.
*Implement risk management strategies based on valid data and sound science.
*Seek continual improvement of our health and safety performance.
*Seek continual improvement of our environmental performance.
*Contribute to conservation of biodiversity and integrated approaches to land use planning.
*Facilitate and encourage responsible product design, use, re-use, recycling and disposal of our products.
*Contribute to the social, economic and institutional development of the communities in which we operate.
*Implement effective and transparent engagement, communication and independently verified reporting arrangements with our stakeholders.

In combination with the 10 principles, reporting to the public regarding the activities of ICMM as well as independent appraisal of those activities helps ensure compliance.

ICMM Member Companies

*Alcoa
*Anglo American
*AngloGold Ashanti
*Barrick
*BHP Billiton
*Freeport-McMoRan Copper & Gold
*Goldfields
*Lihir Gold
*Lonmin
*Mitsubishi Materials
*Newmont
*Nippon Mining & Metals
*OZ Minerals
*Rio Tinto
*Sumitomo Metal Mining
*Teck
*Xstrata
*Vale

Controversy

ICMM was established to provide guidelines for member companies so they could work toward sustainable development. Even so, many of the companies have been implicated in social and environmental scandals since the council's inception.

External links

* [http://www.icmm.com/ Official ICMM Website]
* [http://www.goodpracticemining.org/ Good Practice Mining Website]


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Mining — This article is about the extraction of geological materials from the Earth. For the municipality in Austria, see Mining, Austria. For the siege tactic, see Mining (military). For name of the Chinese emperor, see Daoguang Emperor. Simplified… …   Wikipedia

  • Newmont Mining Corporation — Type Public (NYSE: NEM, TSX: NMC) …   Wikipedia

  • Energy and Minerals Business Council — The Energy and Minerals Business Council is a global business forum of mining and energy corporations formed in 2006 with an inaugural meeting at the Grand Hyatt Melbourne Hotel, in Melbourne, Australia on 18 November and 19 November 2006. The… …   Wikipedia

  • Minerals and Metals Trading Corporation of India — Ltd. 200px Type State owned enterprise Public (BSE: 513377, NSE: MMTC) …   Wikipedia

  • Mount Lyell Mining and Railway Company — was a Tasmanian mining company formed on the 29 March 1893, most commonly referred to as Mount Lyell. Mount Lyell was the dominant copper mining company of the West Coast from 1893 to 1994, and was based in Queenstown, Tasmania. Following… …   Wikipedia

  • Mining in Bolivia — Mining in Potosí Mining in Bolivia has been a dominant feature of the Bolivian economy as well as Bolivian politics since 1557. Colonial era silver mining in Bolivia, particularly in Potosí, played a critical role in the Spanish Empire and the… …   Wikipedia

  • Mining industry of Angola — Mining in Angola is an activity with great economic potential since the country has one of the largest and most diversified mining resources of Africa. Angola is the third largest producer of diamonds in Africa and has only explored 40% of the… …   Wikipedia

  • International Seabed Authority — The International Seabed Authority (ISA) (French: Autorité internationale des fonds marins , Spanish: Autoridad Internacional de los Fondos Marinos ) is an intergovernmental body based in Kingston, Jamaica, that was established to organize and… …   Wikipedia

  • Mining in Angola — Angola is the third largest producer of diamonds in Africa and has only explored 40% of the diamond rich territory within the country, but has had difficulty in attracting foreign investment because of corruption, human rights violations, and… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”