Sibanye-Stillwater recently announced that it has been accepted as a member of the International Council on Mining and Metals (the ICMM).
Following the acquisition of Lonmin, an existing ICMM member, the Sibanye-Stillwater Group went through the ICMM’s rigorous company membership assessment process, conducted over several months and has qualified and been admitted, based on its high level of standards and practices.
Developed with extensive input from a variety of stakeholders, ICMM’s Mining Principles respond to evolving societal expectations of industry by strengthening ICMM’s member requirements on myriad issues – such as resettlement, mine closure pollution and waste.
Bringing together 27 mining and metals companies and 38 regional and commodity associations, ICMM strengthens environmental and social performance. The organization serves as a catalyst for change, enhancing mining’s contribution to society
Building on the values of members, ICMM’s Mining Principles define the good practice environmental, social and governance requirements of company members that, in turn, will support progress towards the global targets of the UN Sustainable Development Goals and the Paris Agreement on climate change. Incorporating robust site-level validation of performance expectations and credible assurance of corporate sustainability reports, ICMM’s Mining Principles seek to maximise the industry’s benefits to host communities, while minimising negative impacts to effectively manage issues of concern to society.
Neal Froneman, CEO of Sibanye-Stillwater commented: “It is a proud moment to be accepted as a member of the ICMM. This confirms our ongoing commitment to environmental, social and governance best practices throughout our business. The membership will also provide us an opportunity to learn, define and share best-in-class mining practices through a common set of international standards.”
Tom Butler, ICMM’s Chief Executive Officer said: “I am delighted to be welcoming the SibanyeStillwater. The Group went through ICMM’s rigorous company membership assessment process and has received a strongly positive assessment from ICMM’s Independent Expert Review Panel. The Group will bring to Council its experience of operating in both southern Africa and North America, alongside knowledge of managing ESG issues unique to gold and platinum group metals extraction and processing.”
Sibanye-Stillwater is a leading South African and US listed precious metals company, with a diverse portfolio of assets across North America, Southern Africa. It is also the world’s largest primary producer of platinum and rhodium, the second largest producer of palladium and a top tier gold producer. Sibanye-Stillwater has received recognition for its commitment to operating to the highest environmental, social and governance (ESG) standards as one of only 325 companies included in Bloomberg’s 2020 Gender Equality Index. The company is also a constituent of the FTSE4Good Index Series and is the only South African business to have achieved an ‘A’ rating from CDP for climate change disclosure.