What's Happening?
Copper Mark is seeking an independent chair for its board of directors as it prepares to manage the new Consolidated Mining Standard, a global framework aimed at aligning responsible mining practices across
commodities. The initiative, developed in partnership with the Mining Association of Canada, the World Gold Council, and the ICMM, aims to simplify sustainability frameworks for mining companies worldwide. The independent chair will play a crucial role in maintaining the integrity of Copper Mark and driving performance improvements across mineral and metal value chains. Applications for the position are open until November 4, with candidates required to have extensive leadership experience and board-level expertise.
Why It's Important?
The appointment of an independent chair is a pivotal step for Copper Mark as it expands its mandate to manage the Consolidated Mining Standard. This initiative is expected to provide greater clarity and consistency in responsible mining practices, benefiting companies globally. By aligning sustainability frameworks, the initiative could enhance transparency and accountability in the mining sector, potentially leading to improved environmental and social outcomes. The independent chair will ensure that Copper Mark continues to uphold high standards and drive improvements across the industry, fostering trust and collaboration among stakeholders.
What's Next?
Copper Mark is evolving its governance structure to accommodate its expanded role, with a new 17-member board chaired by the incoming independent chair. The selection process for the chair will be led by the CMSI’s Stakeholder Advisory Group and Industry Advisory Group, reflecting the initiative’s collaborative principles. The final public consultation on the Consolidated Standard, Assurance Process, and Claims Policy is ongoing, with feedback open until November 17. The initiative is set for completion in 2026, marking a significant milestone in global mining standards.
