Page 45 - Vol 33 Issue 34 2021
P. 45

mining






         information is of key public interest because of   that aim to address ESG challenges explicitly,   will  enable  companies  to  go  beyond  focusing
         the importance of extractive revenues for many   reputational  damage  and  negative  financial   dis proportionately  on  environmental  impacts
         resource-rich countries in meeting socio-economic   implications could be avoided.  and to manage equally important social and
         de ve lop ment goals.                                                 governance risks both within the company and in
           This is precisely why the Extractive Industries   The positive ripple effect   the broader operating context. This will require
         improve and promote transparency in the ex trac- of ESG engagement    comprehensive assessments of evolving and
         Trans parency Initiative (EITI), a tool designed to
                                                                               complex ESG risks. But the reward is that ESG-
         tive industries, should be utilised more effectively   Evidently, having a robust ESG due diligence   cognitive investment and operational strategies
         in this regard, and be fully integrated into the ESG   process in the extractives industry is complex   will  result  in  appropriate  and  meaningful  long-
         ambit. Though the implementation of the EITI   but  critical.  All  mining  companies  should  strive   term returns for firms, states and citizens.
         requires improvement, particularly in the area of   for continuous improvement in the management
         accountability mechanisms, its comprehensive   of ESG issues. This is where the real impact and   Busisipho Siyobi is the lead researcher
         reporting guidelines and standards can be   potential for sustainable development reside   in the Natural Resource Governance
         utilised to achieve transparency in the industry.  -  in  addressing  ESG  issues  more  proactively.   Programme at GGA.
           While there is now a plethora of ESG frameworks
         to assist with assessing ESG performance in the   Moreover, the  expansion  of  the  social  and
                                            governance dimensions of ESG frameworks
         extractives industry, the RMF research mentioned
         above  found  that  ESG  due  diligence  systems
         are limited. Too many extractive companies fail
         to identify and manage risks in their operating   Safety is Gold in African Mining Industry
         environments, such as human rights abuses, illicit
         financial flows, and environmental impacts. One   AMETEK STC has decades of experience in safety and measurement instrumentation within mining, oil and gas, quarries, and chemical
                                              industries. AMETEK STC brands, such as Gemco, Drexelbrook, and Hunter Spring, secure the ROI by lowering the downtime, by securing
         major  shortcoming  is  a  general  lack  of  formal   the production machinery and by making mining applications safer for the personnel.
         systems within companies to ensure supplier
         compliance  with ESG-related standards. Such
         systems  would  entail  robust  engagements  with
         suppliers or commissioning third-party audits of
         high-risk suppliers.
         Class action in the DRC ­
         a cautionary tale


         For example, looking back, International Rights
         Advocates (IRA) (2019) brought a class-action
         law suit  against  Apple,  Google,  Dell,  Microsoft
         and Tesla in December 2019 over child labour
         in cobalt mining in the Democratic Republic of
         Con go. The IRA promotes human rights and ac-
         countability through legal advocacy and capacity

         building.  The  organisation  claimed  that  the   Rotary Limit Switch     Linear Displacement Transducer



         technology  companies  “aided  and  abetted”  a   Gemco rotating limit switches   • Oil-, water-, and dust-tight  Gemco hydraulic cylinder po-  • Programmable Zero & Span
                                                prevent overtravel on hoists
                                                               • Gear ratios 5:1 to 1080:1
                                                                                               • Linearity +/- 0.04%
                                                                                 sition monitoring. Is ideal for
         supply chain for cobalt, used in smartphones   or cranes. Avoid wasted hours   • Independent cam settings    mining hydraulics machinery.  • 30G vibration resistance
         and electric vehicles, that forces children to work   on downtime due to mechani-  Rugged and durable con-  • 1000G shock resistance
                                                                                 struction exceeds competitive
                                                cal failure as well as human
         in dangerous mining conditions. This resulted   misjudgment.            offerings.


         in the deaths of Congolese children. The IRA
         represented 14 affected families.
           The companies in  question  collectively dis-                         Radar Level Measurement

         mis sed the child labour lawsuit, claiming that   Grounding Reel     • Up to 100 feet    Drexelbrook contact-free level measurement
                                                Heavy duty reels are life cycle
         they  have  no  control  over  mining  companies   tested to 5,000 cycles and all   • -54 to +52°C   with high accuracy. Radar level transmitters
         and the conditions associated with the resource   bearing surfaces are permanent,  • Resistance less than 10 Ohm   are ideal for dusty environments such
                                                                                 as sand or limestone on conveyor belts
                                                self-lubricating.

         ex trac tion in question. Moreover, they argued   Manufactured by Hunter Spring.   or in silos.


         that their global supply chains did not fall                            • Oil-, water-, and dust-tight
                                                                                 • Up to 150°C
         under  the  scope  of  the  Trafficking  Victims  Pro-                  • 3 year warranty
         tections Reauthorisation Act. This is a matter of
         in adequate supplier due diligence and a lack of   Gemco, Drexelbrook, and Hunter Springs are a part of AMETEK STC. Contact us to find out how we can improve the safety in your process.
         re quisite knowledge of the contexts in which the   Position monitoring, brakes and safety   Level Measurement in oil, chemicals,    World-class flat springs and high
         mi neral ingredients for companies’ products are   instruments from Gemco and Catrac.   wastewater, and dusty silos.   quality power and grounding reels.
         ex tracted.  A  case  of  this  nature  questions  the   www.factoryautomation.com  www.drexelbrook.com  www.hunterspringandreel.com

         effectiveness  of  ESG  integration  in  companies’

         day-to-day operations and long-term investment
         strategies. With robust due diligence processes
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