This is following the announcement that the ICMM has entered into a formal agreement with the China Chamber of Commerce of Metals, Minerals and Chemical Importers and Exporters (CCCMC).
CCCMC has a membership of 6 300, and its member companies are engaged in metals, non-metallic minerals, coal, construction materials, hardware, oil, chemicals, plastics, fine chemicals, agro-chemicals and rubber products. CCCMC is the biggest industrial organisation in these sectors.
The new agreement makes ICMM and CCCMC’s wealth of expertise available to Chinese mining enterprises that are looking to further improve their environmental and social performance practices, as they step up their presence worldwide.
In recent decades, overseas investments by Chinese companies has increased significantly. Chinese overseas mining investments are a relatively new phenomenon and Chinese mining companies are often newcomers in the economies of resource-rich countries. They are, however, increasingly becoming the most significant investor in many countries and this is likely to continue.
“We are looking forward to working with CCCMC. This new agreement will enable us to both learn from each other and further improve the environmental and social performance of the mining sector,” says Dr Nicky Black, Director of Environment and Social Progress at ICMM.
“Supplying the growing demand for metals and minerals sustainably is a challenge facing us all and I believe that our new agreement with CCCMC will be a very productive partnership."
The MoU will also help Chinese enterprises address the new challenges that the UN’s 2030 Agenda for Sustainable Development place on industry, governments and civil society alike through its ambitious Sustainable Development Goals (SDGs).
Globally, the extractives sector is under intense scrutiny. Stakeholders (especially governments, communities, investors, insurers and civil society) have expressed concerns about the sector in terms of its environmental and social performance and the sector’s contribution to poverty reduction and sustainable development.
This Memorandum of Understanding will help Chinese overseas mining operations to meet society’s environmental and social performance expectations, and to successfully adhere to increasingly stricter environmental and social performance standards.
Topics covered in the MoU include translating ICMM materials into Chinese, developing toolkits and adapting them to CCCMC’s needs, co-organising training, sharing technical resources, building a database and co-organising workshops.
Source: Mining Review Africa