The Mining Association of Canada now offers its Towards Sustainable Mining (TSM) program as a subscription service. This performance system improves environmental and social practices in the mining sector. The first to sign up was Ioneer (ASX: INR), owner of the Rhyolite Ridge lithium-boron development in Nevada.
Ioneer has committed to the standard’s implementation. In its next ESG report, set to be released in September, the company will publicly report on its performance on the standard’s eight protocols, including climate change, tailings management, water stewardship, Indigenous and community relationships, safety and health, biodiversity conservation, crisis management, and preventing child and forced labour.
“The new TSM subscription service represents a natural evolution for the standard as uptake by mining associations internationally continues to grow alongside individual company interest focused on prioritizing greater transparency on how their mines operate,” said Pierre Gratton, president and CEO of the Mining Association of Canada. “Fourteen mining associations on six continents now incorporate TSM as a mandatory component of their membership and we are proud to welcome companies in our sector, like Ioneer, that are voluntarily opting to hold themselves accountable to the high ESG standards that form the baseline of the program.”
First established in 2004, TSM helps drive performance improvement at the site level. Using the program contributes to securing support for mining projects from the communities where they operate.
Learn more about TSM on www.TSMInitiative.com.