Sarah Makumbe

We need to recycle the carbon, ideally in steel production itself. There are already studies illustrating this possibility, where the recycled carbon from possible emissions, can be used to reduce iron ore. #greensteel #climatechange

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With the growing demand for critical minerals essential for green technologies, the UN has launched new guidelines to promote responsible mining practices. These frameworks aim to ensure environmental sustainability and social responsibility within the mining industry. By embracing these standards, mining companies can enhance transparency and engage effectively with local communities, fostering a commitment to human rights and minimizing ecological impacts. This proactive approach not only drives operational efficiency but also strengthens the sector's role in achieving sustainable development. #SustainableMining #CriticalMinerals #ResponsibleResourceManagement

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What does #responsiblesourcing look like in the artisanal #mining context? #asm mirrors local socio-economic realities, with circumstances across the huge diverse varying widely between dignified and abusive. At worst, there is child labor, forced labor, lack of safety and deep poverty. At best there are business persons earning decent livelihoods through dignified efforts. Companies rightly worry about their reputations, how procurement from ASM can impact them. OECD and Dodd-Frank tend toward responsible sourcing guidelines that further emisserate those who are very poor. By essentially boycotting buying from artisanal miners, the only or the best opportunity in harsh realities is taken away from these miners. A win/win alternative is for large mining companies, refiners and end custimers to work with artisanal miners, collaborating on formalization that improves lives and economies while mitigating potential reputational risks. At core, ASM formalization shifts realities toward governed more predictable equitable business relationships, which of course improves dignity and productivity of work while supporting broader #sustainabledevelopment. Value from responsible sourcing is created from engagement and collaboration, not from boycotts. #traceability is needed, along with investment, legal frameworks that support legitimization and fit for purpose flexible frameworks for ground-level solution design. Reputations are at stake, and reputations improve when value improves. In the meantime, five people were killed in an artisanal mining tunnel collapse in Kenya, another tragedy in a long string of tragedies. What are the legal and the reputational risks for refiners and for end customers that don’t engage ASM / #asgm in their upstream value chains, tolerating unsafe or abusive realities that result in tragedies? https://lnkd.in/gHjrCSp2 The Blended Capital Group and our partners are committed to reimagining outcomes in ASM. Formalization makes commercial sense, delivering social gains and value as the dignity and productivity of work improve. This makes sense for #mininginvestment and #impactinvestment. Engagement and support of ASM professionalization by LSM’s, refiners and end customers is a smart responsible sourcing strategy, adding value and lowering reputation risks. Now is the time. Alliance for Responsible Mining (ARM) Levin Sources BanQu Inc. Napier Meridian #responsiblemining #esg #sdgs #miningsafety #riskmanagement https://lnkd.in/gXFspi2A

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🌍 Africa’s #mining sector is poised to be a key catalyst for economic growth if well harnessed! This publication assesses the national regulatory frameworks and governance from an #investor perspective, offering detailed country profiles on regulations and the artisanal mining sector, with a particular emphasis on #ECRM value chains 👇 Southern African-German Chamber of Commerce and Industry | German Competence Centre for Mining & Mineral Resources (CCMR) – Sub-Saharan Africa

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Herewith an update report from PWC on the mining sector https://lnkd.in/em8Dih_z

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🌿THE NEW ESG FRONTIER: Unfunded & Contingent Liabilities 🎯💰💸 🤔 I’ve compiled a short list of random musings regarding recent mining sustainability related news from the financial media, which may be of interest. Let’s start with Tony Boyd, the former Chanticleer chook (AFR) who has just penned a fascinating opinion piece in The Australian Financial Review, which provides remarkable insight (great investigative journalism) into the environmental legacy of mining. ⛏ PANGUNA COPPER MINE A few key quotes: “Class action skewers Rio Tinto’s Bougainville redemption: a secretive company is disrupting efforts to finally make amends for the environmental devastation caused by its #copper mine in Bougainville some 30 years ago.” Tony outlines the strategic mistakes by Rio Tinto, only to be followed by: “The class action, which is seeking billions of dollars for the environmental damage caused by the Panguna mine, has capitalised on the uncertainty and distrust toward Rio and its former subsidiary Bougainville Copper Ltd.” “One compensation figure that resonates with locals is the 10 billion kina ($3.7 billion) figure that was used in a failed compensation effort.” https://lnkd.in/g2zK6TGB ⛏ RANGER URANIUM MINE I’ve covered the challenges here previously, but the inevitable news was confirmed last week that, “Rio Tinto is taking control of a $2.4 billion #uranium mine rehabilitation project in an attempt to resolve decades of disputes”. Unfortunately, in terms of timeline and budget, this project is further from completing rehabilitation now than where it was several years ago, noting the rehab was scheduled for completion by 2026, which clearly isn’t going to happen. https://lnkd.in/g2zK6TGB ⛏ ESG ENTERING JORC CODE Another interesting development, this time on reporting ESG related factors. “ESG factors are increasingly capable of killing projects, even if they have attractive geology.” Whilst the junior miners are upset, the truth is, if exploration prospects had to screen against access to water or ability to safely store waste, many would be scratched before starting. https://lnkd.in/g9uKeGNR 🤔 🔭 MY TAKE • It is self-evident, that extractive industries are not provisioning adequately to cover environmental rehab related costs. • This process is creating liabilities for not only project owners, but also host communities and governments.  • We are increasingly seeing chain of responsibility mechanisms adopted, to keep former project owners liable for rehab related costs, even if these liabilities were incurred decades prior.  • With the rapid emergence of remote sensing and digital provenance tools, it is essentially impossible for any reasonable sized mine and or oil/gas field operator to walk away from their environmental liabilities. #mining #environment #rehabilitation #esg #oil #gas #energy #sustainability #investment #water #wastewater

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𝗡𝗮𝘁𝘂𝗿𝗲: 𝗧𝗵𝗲 𝗡𝗲𝘄 𝗥𝗶𝘀𝗸 𝗦𝗵𝗮𝗽𝗶𝗻𝗴 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗣𝗼𝗹𝗶𝗰𝗶𝗲𝘀 by Maia (Maeva) Godemer, Green and Sustainable Finance, BloombergNEF Financial #institutions are inadequately prepared to assess and manage nature-related #risk, with just 1% discussing the potential #threats and #opportunities in #company filings. This is despite growing #awareness of how #ecosystems underpin #economic value generation and the environmental harm caused by many #business operations, with some #G20 #countries rolling out voluntary #guidance on #nature or imposing mandatory #regulation. As #policymakers incorporate broader #environmental considerations into #legislation, #banks and #investors will be compelled to better understand how to manage nature-related risks in their #portfolios and #processes. 🔴 With global #biodiversity declining faster than at any point in #human #history, both #physical and #transition nature-related risks have become more material to financial institutions’ investing strategies. 🔴 An April 2024 survey by the Global Association of Risk Professionals (#GARP) found that the majority of financial institutions lack #sophistication in their approach to managing nature-related risk, far behind the equivalent #strategic #engagement with #climate. The same #report notes that only 17% of banks and asset #managers are using #metrics, #targets or #limits to assess drivers of nature-related risks, while 75% of the same #entities are yet to identify nature-related risks or opportunities. The article link is here: https://lnkd.in/dkf9hac7

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Interesting share from Luc Lapointe. #mining is changing, given the combination of: - #criticalminerals demand driven by the #energytransition & #AI - #esg, the need for community-centric focus and environmental oversight - the need for artisanal mining collaboration - technology changes - AI, big data, robotics - skittish #mininginvestment that is underfunding growth, which will be offset by #blendedfinance and other non-traditional capital - top talent shortage, where large mining companies are struggling to attract the resources that they need for success tomorrow The bottom line is that value will accrue to companies that are bold with their business models, where value from multi-stakeholder collaboration that ranges from investors through to communities, artisanal miners and downstream companies, becomes the norm. There is an increasing amount of dialogue (still not enough) about the need to transform business models, but when I look at this chart with top advertisers it strikes me that I'm not seeing much if any of that. The industry is changing, and it will be interesting seeing who steps up with bold approaches on collaborative business models. #responsiblemining #sustainablemining #esg #asm #asgm Adam Matthews Aidan Davy Pierre Gratton Aimee Boulanger Paul Clements-Hunt

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The UN Secretary-General's Panel on Critical Energy Transition Minerals has released a report outlining 7 guiding principles and 5 actionable recommendations to ensure responsible, sustainable and equitable critical minerals supply chains crucial for the clean energy transition. What I like about these principles is that they build on a foundation of international norms and legal obligations which governments have already committed to. The 7 principles emphasize: 1. Centering human rights 2. Safeguarding the environment and biodiversity 3. Promoting justice and equity 4. Fostering development through benefit sharing and economic diversification 5. Responsible and fair investments - finance and trade 6. Transparency, accountability and anti-corruption 7. Multilateral and International cooperation The 5 key recommendations call for: 1. A High-Level Expert Advisory Group on value addition and economic diversification 2. A global traceability, transparency and accountability framework 3. A Global Mining Legacy Fund to build trust and adress legacy issues 4. An initiative to empower responsible artisanal miners to foster development, environmental stewardship and Human Rights 5. Material efficiency and circularity - equitable targets and timelines of implementation What a crucial roadmap for ensuring scaling up of mineral production desperately needed for clean energy doesn't take us back to reliving lessons learned in the past. Would be good to know what others think how these guiding principles will impact energy transition as far as critical minerals are concerned. #cleanenergy #criticalminerals #energytransition https://lnkd.in/ehukwViU

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Congratulations Rosanna Tufo / Levin Sources. This is a very detailed report about regulatory frameworks and artisanal mining in different African countries. Recognizing the scope, growth potential, #mininginvestment and #impactinvestment opportunities, along with the geopolitically strategic nature of #asm in fostering #criticalminerals supply that enhances #energysecurity and #economicsecurity, this detailed analysis supports focus on the social and economic opportunities across the massive sector. The Blended Capital Group is committed to reimagining outcomes in ASM. We are thrilled to partner with Levin Sources, as well as with Alliance for Responsible Mining (ARM), BanQu Inc., Napier Meridian, Innovest, Investing for Good CIC. We see the social, economic and strategic opportunities, knowing that at-scale investment combined with targeted solutions that reflect realities on the ground are both essential. Reach out to discuss. #mining #esg #sdgs #responsiblemining #sustainability #energytransition #netzero #sustainablemining

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Each COP brings a global review of our collective progress against climate change, while setting a refreshed pace for the road ahead. This year, my reflections are on the evolution of voluntary carbon markets—from the Clean Development Mechanism (CDM) to where we stand now with Article 6. These markets hold immense potential to unlock funding and drive a just transition for developing nations. However, achieving this has been hampered by inconsistent quality management and low-quality carbon credits that undermine the system's impact. As we enter the last half of this pivotal decade, may leaders set voluntary carbon markets up for success. These markets can be a powerful tool for inclusive climate action, enabling fair participation and access to a $50 billion opportunity for all. #InclusiveClimateAction #COP29

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I was thrilled being part of the Critical Minerals International Alliance webinar earlier this week. Thanks Olimpia Pilch and Jeff Townsend for organizing, and thanks David Livingstone, Terry Garde and Rosanna Tufo for being fantastic co-panelists. Can artisanal and small scale #mining be part of the #criticalminerals solution. The answer - a resounding yes. 🎉 #ASM formalization increases productivity by 2X, 3X or even 5X sometimes while also delivering significant shifts in social outcomes. #mininginvestment and #impactinvestment that supports formalization is commercially realistic given the combination of value and impact that is created 🎉 ASM is huge - the sector already plays important economic roles for many critical minerals and can grow significantly 🎉 professionalization in the sector is a geopolitical opportunity - productivity growth in a sector that has been largely invisible 🎉 misconceptions around the nature of ASM need to be eliminated - artisanal miners are inherently legal, productivity growth supports returns, risks are managed through diversified portfolios of projects across countries and minerals The Blended Capital Group and our partners are committed to reimagining outcomes in ASM. Results make commercial, social and geopolitical sense as stable predictable business relationships increase tonnage, development, value and dignity. Alliance for Responsible Mining (ARM) Levin Sources BanQu Inc. Napier Meridian If you didn't have the chance to join us earlier in the week, you can access the recording below. I hope you find the conversation interesting and informative. Reach out if you want to learn more.

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Africa's minerals can power World's energy Transition. Empowerment and development of Africa is a Key to a successful Global Energy Transition.

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Is local procurement important to your mining company? If so, consider using the LPRM for your reporting! And if you’re not quite sure how to integrate it with your existing reporting, we can help help you get there :) #mining #sustainabilityreporting #procurement #esg

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Are you #mininginvestment? #impactinvestment? In a #responsiblemining role? Part of a #mining company that shares land with artisanal miners? Have you considered the financial, social, environmental and macroeconomic value that artisanal mining formalization delivers? In short, formalizing miners in the 45 million person strong sector is game changing for the dignity and productivity of work. #humanrights, #biodiversity and #sustainabledevelopment all gain. Downstream value chains benefit from higher productivity and lower risk. The Blended Capital Group and our partners are committed to reimagining outcomes in the sector. The value proposition is clear. Reach out, let’s discuss. #esg #asm #asgm #responsibleinvestment Alliance for Responsible Mining (ARM) Levin Sources BanQu Inc. Napier Meridian Innovest Advisory Investing for Good CIC #cop29 #cop16

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𝗜𝗿𝗼𝗻𝗶𝗻𝗴 𝗢𝘂𝘁 𝘁𝗵𝗲 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗘𝗨 𝗦𝘁𝗲𝗲𝗹𝗺𝗮𝗸𝗶𝗻𝗴: 𝗔𝗰𝘁𝗶𝗼𝗻𝗮𝗯𝗹𝗲 𝗣𝗮𝘁𝗵𝘄𝗮𝘆𝘀 𝗳𝗼𝗿 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗡𝗲𝘂𝘁𝗿𝗮𝗹𝗶𝘁𝘆 by Julian Parodi, Parul Kumar; EPICO KlimaInnovation The #report  focuses on five #keypillars: 🔴 Ensuring access to affordable, low-carbon electricity 🔴 Accelerating hydrogen adoption for the ironmaking process 🔴 Enhancing steel circularity: reduce, reuse, recycle 🔴 Developing lead markets for low-emission steel through public procurement and standardisation 🔴 Engaging with the global dimensions of steel decarbonisation #Epico’s 15 Policy #Recommendations For The Climate-Neutral Transformation Of The EU Steel  Industry ✅ Accelerating the Decarbonisation of the Electricity Mix ✅ Reducing the Cost of Renewable Energy ✅ Addressing Industrial Demand Side Response ✅ Adopt A European Hydrogen Roadmap ✅ Improve the Design of Auctions for Hydrogen Production to Favour Emissions Abatement ✅ Enhance Social Acceptance of Hydrogen and Address Hydrogen Leakage More Systematically ✅ Enhance Support for Recycling Technologies and Infrastructure ✅ Strengthen Integration and Knowledge Sharing in the Recycling Sector   ✅ Improve Circular Economy Policy Frameworks to Promote Demandside Measures, Material Efficiency, and the Reuse of Steel ✅ Adopt a Common European Labelling System for Low-Emission Steel to Provide Clarity and Avoid Greenwashing ✅ Reform the Public Procurement Directive to Reduce Emissions in Steelmaking ✅ Adopt Ambitious Product-Specific Standards Coupled with Evolving Lifecycle Carbon Limits ✅ Engage in Focused Climate Diplomacy ✅ Ensure the Effectiveness of the #CBAM ✅ Take the Evolving Supply Chain Into Account in Policy Discussions on Resilience and Competitiveness #EU #policy #climateneutral #transformation #steelindustry #steel #steelmaking #industry #decarbonisation #electricity #electricitymix #cost #renewableenergy #industrialdemand #response #demand #European #hydrogen #roadmap #auctions #production #emissions #abatement #recycling #technologies #infrastructure #circulareconomy #integration #knowledgesharing #frameworks #demandside #measures #materialefficiency #reuse #labellingsystem #greenwashing #lowcarbon #publicprocurement #LCA #climatediplomacy #supplychain #resilience #competitiveness The download link of the report is below: https://lnkd.in/ebK32zcm

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I was doing some further reflection on the matrix and this animation came to mind. Then I found this article from Kathryn Landis that will help provide some more insight. https://lnkd.in/e56-pdrq

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Important to see the bill for the proposed production tax incentives for hydrogen and critical minerals sectors before parliament. The proposed tax incentives could have a substantial impact, yet questions remain around the undefined community benefit principles and the effects of the upcoming election. Understanding these dynamics is crucial. As the Bill progresses, keeping abreast of its implications and preparing for potential shifts will be important for stakeholders. There are several factors to keep in mind moving forward. See the Tax Alert for more details and reach out if you'd like a discussion on how to navigate these changes. #EnergyTransition #HydrogenEconomy #CriticalMinerals #TaxIncentives https://bit.ly/4eZuax2

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