BMO Equity Research IN Tune Metals & Mining: Shedding Light on a Sustainable Future
Feb 21, 2025
Rohitesh Dhawan, Chief Executive of the International Council on Mining and Metals (ICMM), discusses the critical role of the metals and mining industry in achieving sustainable development. He highlights the progress made on decarbonization and water management, while also addressing ongoing challenges like safety and human rights. Dhawan emphasizes the importance of a consolidated standard for responsible mining practices and the need for open dialogue to restore trust. He calls for collaboration among industry leaders, governments, and communities for a sustainable future.
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Sustained Commitment To Responsible Mining
- ICMM's commitment to responsible mining strengthened over 22 years and remains driven by commercial reality and societal expectation.
- Rohitesh Dhawan argues leadership on sustainability is both principled and good for business.
Let Markets, Not Industry, Set Green Premiums
- Do not let industry design green-premium markets because it risks antitrust concerns and perceived collusion.
- Push governments and exchanges to create transparent mechanisms that reward responsible production.
Progress And Remaining Big Risks
- Mining has made rapid progress on decarbonizing electricity, water resilience, and tailings safety, yielding wider economic benefits.
- Yet the sector still faces major challenges on fatalities, biodiversity and human rights that require sustained focus.