How Verification Works Within Towards Sustainable Mining (TSM), a process of external verification was established to ensure that companies' reporting on TSM performance indicators is consistent, accurate and transparent. Every three years, a trained and accredited verifier critically reviews a company's self-assessments to determine if there …
Responsible management of tailings is an important focus of MAC and its members. Tailings are a by-product of mining, consisting of the processed rock or soil left over from the separation of the commodities of value from the rock or soil within which they occur. If not managed responsibly, tailings can pose potential risks to […]
First established by the Mining Association of Canada in 2004, TSM was the first mining standard in the world to require site-level reporting with external verification.The program is mandatory for all companies that are members of implementing associations.. Each year, mine sites use TSM to report on 9 protocols with 34 indicators of social and …
offtake agreements and take-or-pay contracts are two interrelated business concepts that play a crucial role in various industries, including energy, mining, and agriculture. These agreements are widely used to secure the supply of raw materials, goods, and services between two parties, typically a producer and a buyer.In essence, …
Building and operating mines is complex and so too is understanding the regulatory environment the industry is subject to. The Canadian mining industry is governed by dozens of federal, provincial and territorial acts and regulations across a broad spectrum of subject matter. While regulating mining activity is primarily the responsibility of the …
Working alongside our members, MAC promotes the industry nationally and internationally, works with governments on policies affecting the sector and educates the public on the value mining brings to the economy and the …
In addition to mining equipment, Uptake has also entered construction, aviation, and rail [5]. An area that they should enter, and where they could bring tremendous value to, is government. Uptake could use their data analytics to improve healthcare delivery, infrastructure spending, transit planning, and other large-scale, data intensive ...
The Towards Sustainable Mining (TSM) initiative allows mining companies to turn high-level environmental and social commitments into action on the ground. LEARN MORE The TSM Guiding Principles are backed by a …
This paper investigates market reactions to announcements of offtake agreements by Mining Exploration Entities (MEEs) listed on the Australian Securities …
MAC and its members are committed to protecting human rights and delivering positive outcomes in the host countries and communities where they operate. In recent years, MAC has undertaken significant actions related to human rights. In 2017, MAC announced a new addition to TSM aimed at preventing child and forced labour in the global mining supply …
Types of mining offtake agreements. Mines need to sell what they produce. Sales contracts include: (1) long-term offtake agreements, with a duration of between …
Under an offtake mining agreement, a buyer or offtaker commits to purchase a specified quantity or portion of a seller's future mining output. Offtake mining …
Virtual Training Sessions September 11, 2024—1:00-2:30PM EDT TSM Training for Indigenous Peoples MAC will be hosting a virtual training session for Indigenous peoples interested in learning more about the TSM program and the TSM Indigenous and Community Relationships Protocol on September 11, 2024, from 1:00-2:30PM EDT. …
Over the course of 2017 and 2018, water experts from across the industry worked diligently to develop a set of performance indicators to measure water governance, operational water management, watershed-level planning and water performance and reporting at the mine-site level. In 2015, MAC adopted a TSM Water Stewardship Framework, which …
Today, when it comes to discussing the respect and protection of human rights in the responsible mining and sourcing of minerals, several legal requirements have come or are coming, into effect across continents, as well as recommended guidance and frameworks, such as the recently updated OECD Guidelines from Multinational …
MAC is helping to build capacity within the global mining industry by sharing its expertise in sustainable mining practices. One of the most effective ways MAC and its members have been doing this is by freely sharing the Towards Sustainable Mining® (TSM®) initiative with mining associations in other countries that are seeking tools to improve the …
The term offtake agreement refers to an arrangement between a producer and buyer to purchase or sell portions of the producer's upcoming goods. Offtake agreements often help selling companies acquire project financing for future construction, expansion projects, or new equipment through the promise of futur…
Our members are involved in mineral exploration, mining, smelting, refining and semi-fabrication for a wide range of commodities. We also represent mining supplier companies that support the many facets of the mining business, such as finance, engineering and equipment companies. Working alongside our members and, often in partnership with …
Mining-Indigenous Relationship Agreements; Response to the Truth and Reconciliation Commission's Calls to Action; ... International Uptake. Hacia una minería sostenible; Submit TSM Data; Training; ... Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program[...] Read More.
Offtake agreements represent attractive financing options for mine development. During challenging financial environments, funding from alternative sources can be the lifeblood …
Partners in growth and protection. With 455 impact and benefit agreements and counting, Canada's mining companies work closely with Indigenous communities to create jobs and protect the environment.
The Opportunity Agreements established in 2012 aim to create long-term mutual benefit for BHP and First Nation communities, enhancing mutual capacity and forging new relationships with Indigenous Peoples to create local employment, business opportunities, and skills development. ... Cobalt Prices Plummet as EV Uptake in …
An offtake agreement is a binding contract between a company that produces a particular resource and a company that needs to buy that resource. It formalizes the buyer's intention to purchase...
We believe that mining, conducted in consultation with communities of interest, can co-exist with biodiversity conservation. Conserving biodiversity through all stages of a mine's life cycle is an industry priority and helps to maintain a company's privilege to operate. The TSM Biodiversity Conservation Management Protocol consists of three indicators that …
It added that by 2024, the production of bromine in the Kingdom under the agreements is expected to touch 16,000 tonnes, which will meet 30% of local market demand. SWCC said that investments in desalination brine mining are expected to reach US$213 million by 2024 and will rise to $2.1 billion by 2030.
The Mining Association of Canada (MAC) is governed by a team of industry leaders from our membership who were selected for their breadth and depth of mining experience. Through their strategic guidance and oversight, these professionals collectively play a vital role in advancing the work of MAC and the industry at large.
Protecting the health and safety of employees, contractors and communities is a fundamental component of TSM and deeply engrained in the Canadian mining industry's culture. The Safe, Healthy, and Respectful Workplaces Protocol includes five indicators that concern occupational safety and health management at the facility-level. In June 2023, …
The Towards Sustainable Mining (TSM) initiative allows mining companies to turn high-level environmental and social commitments into action on the ground. At the same time, it provides communities with valuable information on how operations are faring in important areas, such as community outreach, tailings management and biodiversity.
Transparent reporting of TSM performance allows the mining sector's communities of interest to take a detailed look at the sustainability performance of specific mine sites. Each year, facilities must assess and publish their performance against the performance indicators outlined the TSM Protocols. These results are externally verified every three …
The Mining Association of Canada (MAC) is the national organization of the Canadian mining industry. We represent companies involved in mineral exploration, mining, smelting, refining and semi-fabrication. Our member companies account for most of Canada's output of metals and minerals. MAC's functions include advocacy, …
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