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Social aspects of business risk in the mineral industry—political

Here, we identify three social aspects of business risk that may challenge the industry: political, reputational, and local acceptability. Political risk arises when sectoral …

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Social impact assessment in the mining sector Review and …

In various contexts, social impacts of mining are assessed with different sets of indicators and targets. In this study we perform a review of the associated literature, identify a list of typical …

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Global: Environmental, Social and Governance (ESG) …

Global: Environmental, Social and Governance (ESG) considerations for the mining sector 3 Overview The metals and mining industry has long been a focus for governments, NGOs, industry bodies and wider society concerned by the environmental and social impacts of the extractive sectors. Over recent years, these concerns have led to

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Environmental and Social (E&S) Risk Management Sector …

for) each Principle, some sectors represent higher environmental and social risk and require greater scrutiny. Therefore, we have provided sector-specific guidance notes, to assist with the implementation of the Principles in these high-risk sectors. These notes draw upon the IFC Environmental, Health and Safety Industry Sector Guidelines and the

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Systematic Review of GIS and Remote Sensing …

Despite numerous case studies of the effects of the mining sector on individual towns and communities, relatively little research has been produced about large-scale mining impacts from a geospatial perspective (Devenin & …

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1097503 Nov 2023 Environmental and Social Risk Policy …

We review environmental and social risk factors as part of our overall risk management philosophy and business strategy. Therefore, when identifying and managing risks ... These industries or sectors include, but are not limited to: • Extraction of coal or metals ... Coal mining • Directly supporting Mountain Top Removal (MTR) projects of a ...

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BP59728 Social Risks Global Heatmap Overview Infographic …

Distribution of Social Risk Exposure: Private Sectors (Number of sectors: 78) High / Very High Social Risk Sectors At-A-Glance (Rated Debt, $ Billions) ... By Social Risk Factor 20 48 14 Demographic and Societal Trends Responsible Production 13 21 41 3 10 23 45 20 25 33 9 23 42 4 20 35 15 8 ... Coal Mining and Coal Terminals 10.3% 1.6% % 44.5% ...

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What can a hundred mining exploration projects in Canada tell us …

The options to describe the situation of the community in relation with the importance of the mining industry in its economy are, in growing order of social risk: 1- An important reliance on the mining sector, a good part of the jobs; 2- The mining industry is a secondary but significant sector of activity, and a job source; 3- The community ...

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Mining • RSK • Engineering and Environmental Consultancy

Factors such as volatile commodity prices; climate change; environmental, social and governance (ESG); and net-zero carbon targets present increasing challenges to the mining sector. A shift towards sustainable mining must recognise the social impacts of mining and must enact laws and regulations that require community consultation throughout ...

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Top risks facing the mining industry

The demand for natural resources sourced in the mining industry is growing as the world's population continues to grow. This means that operators in the mining industry are doing a tough balancing act with the ever-increasing demand for raw materials against the limitations of Earth's finite resources while navigating challenges such as geopolitical risk, commodity price …

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What Are the Top Social Risks Facing the Mining Industry?

With metal prices on the rise, a trend that is expected to continue, conflicts and social opposition are more likely to appear. Under these circumstances, the top social risks …

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Exploring the Differences in Safety Climate Among Mining Sectors …

Other research has even discussed underground coal mining as a more complicated operation than other mining sectors, with more risk factors in its environment . ... De Maio TJ (1984) Social desirability in survey measurement: a review. In: Turner CF, Martin E (eds) Surveying subjective phenomena, vol 2. Russell Sage, New York, pp 257–282 ...

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The social risks driving conflict with the mining industry

Environmental, Social and Governance (ESG) issues are increasingly becoming one of the biggest risks to mining companies and their operations, and are now consistently …

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Critical mineral mining in the energy transition: A systematic …

ESG risk factors by mineral. This figure shows, for each mineral, the percentage of papers that cite each ESG risk factor. For example, three quarters (75 %) of the 32 papers on lithium mention water depletion as a risk. Percentages at or above 50 % are depicted in a darker color for emphasis. The table excludes papers about critical mineral ...

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Morbidity and Health Risk Factors Among New Mexico …

risks of respiratory and heart disease, cancer, osteoarthritis, and back pain associated with mining in each sector as compared with coal, adjusting for other relevant risk factors. Results—Differential risks in angina, pulmonary symptoms, asthma, cancer, osteoarthritis, and back pain between mining sectors were found.

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Social Risk Assessment: How to Assess and Manage the Social …

Perspectives on Social Risk Assessment: - Business Perspective: - From a business standpoint, social risk assessment is about recognizing potential threats arising from interactions with various stakeholders. ... amplifies impact. The Extractive Industries Transparency Initiative (EITI) promotes transparency in the oil, gas, and mining sectors ...

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Risk Assessment Methods in Mining Industry—A Systematic …

Recently, there has been a growing interest in the mining industry in issues related to risk assessment and management, which is confirmed by a significant number of publications and reports devoted to these problems. However, theoretical and application studies have indicated that risk in mining should be analyzed not only in the human factor aspect, but also …

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Top 10 risks for the mining industry

09: Talent crisis. The 'war on talent' is a new entry in the top 10 rankings. There is a sentiment that the mining industry needs a new wave of talent to fulfil a range of specialised and/or technology-centric roles, and these needs are only getting broader: data analysts, computer scientists, environmental scientists, heritage experts, and water management …

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The role of social factors in feasibility decisions for complex

Efforts are required in a wide range of areas to achieve a sustainable production of minerals for the green transition (Graedel et al., 2015).Today, mining companies are known to undertake substantial investigations related to early screening when evaluating the attractiveness of greenfield projects and subsequently deciding on whether to submit applications for …

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Geo-environmental factors' influence on mining operation: an …

Environmental and geological, managerial concerns are becoming more pressing for the mining sector at the same time as society's and stakeholders' expectations are rising. In recent times, from a management perspective, strategic approaches to environmental challenges in the mining sector in foreign nations are discussed (Ruokonen, 2021). In ...

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Occupational health and safety performance in a changing mining

The mining industry in the EU bears the greatest burden of occupational accidents, with a fatality rate of 7.2 in 2021, which is significantly higher compared to other economic activities. In 2021, there were 7625 non-fatal and 33 fatal accidents in the Mining and Quarrying Sector in the European Union (Eurostat, 2024).

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WTW Mining Risk Review

standard risk framework, and future-ready mining businesses are exploring new ways to identify and address changing exposures. • Natural catastrophes and geographical exposures are under the spotlight in regions such as Latin America and Australia. These factors are driving the mining sector and insurance markets to consider the next chapter in

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Mineral policy impact on South Africa's mining sector An

Empirica l analysis is used to allow us to unpack how mining as a sector is impacted by factors beyond its control, particularly in the policy realm. Three types of eco nomic variables for the ...

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Developing models to assess the social impact of mining: An …

Based on these categories of impacts, this paper examines social action in the mining sector through the improvement of the local community, women's empowerment, the …

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ESG ratings in the mining industry: Factors and implications

For example, the rating captures unmanageable risk due to mining operations (e.g., mining companies cannot fully eliminate land use) and manageable risk not addressed by the firm, if any, based on the degree to which the identified ESG factor affects the company's valuation (e.g., risk-return profile, investment decision, etc.).

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(PDF) Identification and categorization of hazards in the mining

Control of OHS risks in the mining industry has been attracting increasing attention in recent years. Because of their great diversity in a complex system, hazards can be difficult to identify and ...

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Exploring the Differences in Safety Climate Among Mining …

underground coal mining as a more complicated operation than other mining sectors, with more risk factors in its environment [9]. Due to the increased complexity of underground coal mining, there are numerous rules and regulations that are in …

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Developing models to assess the social impact of mining: An …

For years, international organizations, nations, and society in general have scrutinized the mining sector because of its negative effects on local communities (Grutzner and Salim, 2003), waste management, and human health (Asif and Chen, 2016), as well its considerable ecological footprint (Young, 1992; Perez and Sanchez, 2009).Akabzaa and …

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ESG: The foremost risk for global mining companies

The mining industry stands at a crossroads, with environmental, social, and governance (ESG) factors dominating the risk landscape for the third consecutive year. EY Canada's latest report on the "Top 10 Risks and Opportunities in Mining" underscores the intricate challenges miners face in 2024.

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Australian Mining Risk Forecast 2024

the Australian Mining Risk Forecast 2023/24 outlines the new and evolving challenges the sector must grapple with over the coming year – as well as some significant opportunities. This year's analysis reveals some notable shifts in the risks perceived by the industry as most relevant compared to previous years, reflecting the

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