What's Happening?
The International Council on Mining and Metals (ICMM) has released a report on the progress of its members in implementing the Global Industry Standard on Tailings Management (GISTM). While 67% of member facilities
are in full conformance, 33% remain partially compliant. The report highlights the challenges in achieving full alignment with GISTM, emphasizing the need for continuous improvement in tailings management.
Why It's Important?
Achieving full conformance with GISTM is crucial for ensuring the safety and environmental sustainability of tailings facilities. The commitment to high standards in tailings management is essential for preventing catastrophic failures and protecting downstream communities. The report underscores the need for collaboration between industry, financiers, government, and civil society to achieve successful outcomes.
What's Next?
ICMM members are expected to continue prioritizing facilities with the highest consequence classifications for GISTM implementation. The journey to safer tailings facilities involves ongoing commitment and collaboration across sectors. The report encourages sharing knowledge and best practices to drive industry-wide improvements.
Beyond the Headlines
The report highlights the systemic changes within companies driven by GISTM implementation, reshaping tailings management practices. The focus on continuous improvement reflects the industry's commitment to safety and environmental stewardship.
