The Chamber of Mines of the Philippines (COMP) is set to implement a sustainability standard developed by the Mining Association of Canada (MAC).
Named ‘Towards Sustainable Mining’ (TSM), the initiative was launched in 2004 and requires mining companies to annually assess their facilities’ performance in terms of tailings management, community outreach, safety and health, biodiversity conservation.
The programme also mandates members to assess the performance of the facilities in aspects such as crisis management, and energy use and greenhouse gas emissions management.
With the decision to introduce the standard, COMP becomes the first mining association in South East Asia to do so.
COMP chairman Gerard Brimo said: “There is so much that minerals development, done responsibly, can contribute to the economy of a nation and to the welfare of mining communities, as shown by numerous examples in the Philippines.
“The adoption of TSM by members of the Chamber of Mines is intended to institutionalise practices that secure these contributions for the long-term.”
The assessment of facilities’ performance will be put in public domain by the companies to enable scrutiny.
COMP is expected to align its performance areas with those of Canada’s.
Other industry bodies implementing TSM include the national mining associations of Finland, Argentina, and Botswana.