Public disclosure of mine closures by listed South African mining companies

Crous, Cornelie; Owen, John R.; Marais, Lochner; Khanyile, Samkelisiwe; Kemp, Deanna

doi:10.1002/csr.2103

Cited by 10 publications

(8 citation statements)

References 28 publications

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“…International standards and policy guidance on responsible mine closure rely on companies working against their own self-interest. This has proven ineffective. ,,, New approaches are needed to better manage the metal supply and limit the negative effects of disruption at the source. For example, States could play a more active role in managing the resource’s value to fund life cycle liabilities.…”

Section: Discussionmentioning

confidence: 99%

“…This usually happens in jurisdictions that lack the regulatory instruments to prevent or penalize such behavior. However, even mature mining jurisdictions have loopholes that allow mining companies to avoid responsibility. , The S&P data does not yield information on the scale of voluntary and avoidable disruptions; however, in the absence of effective regulatory safeguards (a pattern often noted in the literature, e.g., refs , , , and ), one can assume that mining companies would seize opportunities for cost minimization.…”

Section: Returning To the Macroeconomic Roots Of Disruptionmentioning

confidence: 99%

“…This has proven ineffective. 40,41,47,48 New approaches are needed to better manage the metal supply and limit the negative effects of disruption at the source. For example, States could play a more active role in managing the resource's value to fund life cycle liabilities.…”

Section: ■ Conclusionmentioning

confidence: 99%

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Global Scan of Disruptions to the Mine Life Cycle: Price, Ownership, and Local Impact

Lèbre

Owen

Stringer

et al. 2021

Environ. Sci. Technol.

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Criticality and supply risk models seek to address concerns of potential disruption to global metal supply. These models need to incorporate disruption events that arise from within the mining industry’s market structure. In this paper, we review what we refer to as events of “mine life cycle disruption”. These include project abandonments, premature closures, care and maintenance, and ownership changes. Life cycle disruptions not only cause production disruptions but also embed social and environmental risks in global metal markets. They arise from the highly variable business environment in which the resources sector operates. Changing commodity prices directly influence mining revenues and drive decisions on whether to halt or push forward a project. While some disruptions are involuntary and induced by external economic conditions, others are purposefully triggered by certain mining companies that use them to their advantage. We examine the frequency of these disruptions based on a contemporary global inventory of 35,000 mining projects and present the findings against recent developments in the research literature. We conclude that life cycle disruption events are an important consideration in balancing the demand for metals and the social and environmental impacts of mining and propose pathways for managing these events and their effects.

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Section: Discussionmentioning

confidence: 99%

Section: Returning To the Macroeconomic Roots Of Disruptionmentioning

confidence: 99%

See 1 more Smart Citation

Global Scan of Disruptions to the Mine Life Cycle: Price, Ownership, and Local Impact

Lèbre

Owen

Stringer

et al. 2021

Environ. Sci. Technol.

Self Cite

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“…Several case studies have been performed worldwide (Haney & Shkaratan, 2003; McDonald et al, 2012; Van Assche et al, 2021a). Research has also been carried out on cross‐cutting issues such as the gender implications of mine closure (Sesele et al, 2021a, 2021b) and mining companies' transparency on the closure process (Crous et al, 2020).…”

Section: Literaturementioning

confidence: 99%

Mine closure, social disruption, and crime in South Africa

Marais

Ndaguba

Mmbadi

et al. 2022

Geographical Journal

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The international literature links mining booms with social disruption. The rapid economic and population growth that mining brings increases urban crime and social problems. But insufficient attention has been paid to the reverse situation: the social disruption that can accompany the closure of a mine. We compare crime statistics for four categories of small city, known in South Africa as “intermediate city municipalities,” from 2009 to 2018. Contrary to the findings of international studies, we find that those where mining was in decline had some of the highest crime rates, particularly in the category of sexual offences, whereas those where mining was growing had the lowest. Our research shows that mine decline and closure can contribute to social disruption. We argue that South African government policy has exacerbated this problem in the context of mine decline and that several dependencies created by mining further contribute to the problem. We challenge the assumption that fast population growth and an increase in the male population are prerequisites for social disruption. Our paper suggests the need for modifications to social disruption theory.

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“…Nunhes et al (2020) presented six pillars for CS management, being: corporate sustainability strategy, corporate governance, human resource management, knowledge and innovation management, measurement, disclosure, and independent assurance, and management systems, and integrated management systems. Management Systems (MSs) can contribute significantly to the sustainability management of any type of company if they are implemented consciously and efficiently (Crous et al, 2021; Dragomir, 2017; Fonseca & Carvalho, 2019; Santos‐Jaén et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Guidelines to build the bridge between sustainability and integrated management systems: A way to increase stakeholder engagement toward sustainable development

Nunhes

Espuny

Campos

et al. 2022

Corp Soc Responsibility Env

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The balanced development and management of sustainability demands the alignment of Corporate Sustainability (CS) strategy with management systems so that sustainability can be effectively inserted into all organizational levels and thus promote stakeholder engagement. Therefore, to support the development of CS, the structure, processes, indicators, and instructions of Integrated Management System (IMS) can be used. This study aims to propose guidelines for the alignment of CS and IMS, based on the cross analysis of seven case studies. This objective was achieved through the identification of elements that can positively or negatively impact the alignment of CS with the IMS, which served as the basis for proposing the guidelines to build a bridge for CS development from the IMS. This work brought as a scientific contribution the upgrade of the block of knowledge on the contributions between IMS and CS, bringing some validation of knowledge from scientific articles in the real context of industrial companies, and additions and refinements to the state of the art on the subject. In addition, the applied contribution of the results stands out, which will provide managers with a framework to intervene in organizations with structural modifications that will make them greener, socially appropriate and more profitable, thus promoting the achievement of the global goals of sustainable development proposed in Agenda 2030.

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Public disclosure of mine closures by listed South African mining companies

Cited by 10 publications

References 28 publications

Global Scan of Disruptions to the Mine Life Cycle: Price, Ownership, and Local Impact

Global Scan of Disruptions to the Mine Life Cycle: Price, Ownership, and Local Impact

Mine closure, social disruption, and crime in South Africa

Guidelines to build the bridge between sustainability and integrated management systems: A way to increase stakeholder engagement toward sustainable development

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