Friday, 28th September 2007 (1166 views)

Implementing sustainability in gold mining is a wise move for companies from a financial perspective, a new report claims.

Mark Tyler, head of resources at Nedbank Capital, told Mineweb that his institution and others require companies to comply with environmental and community stewardship standards set by the World Bank.

"It is very important for us to send a technical team to the project to ensure it complies with Equator 2 principles or it reaches compliance within a certain period," he told the sector news source.

Other benefits of mining sustainably cited in the report include a decreased likelihood of operations being interrupted by lobbyists and the increased involvement of communities that recognise the benefits mining brings to their locality.

Such good practice also has a positive affect on share prices, he added, as ethical investment trends become more prominent.

In related news, it recently emerged that Newmont Mining is to be listed the Dow Jones Sustainability World Index.

 

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