The report on “Shared Water, Shared Responsibility, Shared Action: Water in the Mining Sector”, jointly published by the International Finance Corporation (IFC) and the International Council of Mining and Metals (ICMM), emphasizes the importance of mining companies adopting a collaborative approach to addressing water issues in the mining sector. There is a heavy emphasis on IFC’s Mongolia program which, coincidentally, received a lot of donor funding from Canada. Liu Institute Professor Nadja Kunz is a lead contributor to the report through her work at IFC.
Water scarcity poses a risk to companies in the mining and metals sector, but it also represents a significant opportunity–to catalyze collective solutions that improve water security and sanitation for all. Mining companies are already thinking more collaboratively. Engaging in meaningful partnerships with local communities, government and other industries to improve infrastructure, and achieve better water management throughout and beyond the catchment area. But so much more can be done.
This paper uses company experiences from Mongolia, Peru, South Africa, Canada, and the Upper Hunter Valley and Fitzroy regions of Australia to identify key lessons learned. The authors encourage companies to use the lessons highlighted to better integrate collaboration into corporate and operational water strategies.
Read the report on the ICMM website.
Read the Press Release on the IFC website.