S&P 500: $5,064.20 | Gold: $2,300.00 | Silver: $26.54 | Copper: $9,660.00 | Iron Ore: $118.08 | Nickel: $18,405.00 | Cobalt: $27,830.00 | Lithium: $14,380.00
SUSTAINABILITY IN MINING
Finding a balance that works
Unlocking the next generation of mineral wealth in a sustainable manner.
Everything we consume in the world starts with the extraction of a raw material from the Earth which is then transformed into a commodity or product. Mining is the beginning phase of almost every economic industry and is crucial because most basic materials are non-renewable and cannot be grown. It is the most important sector that supports our existence in the modern world.
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As the world now transitions to sustainability, huge amounts of critical minerals are needed as input material to meet the growing demand for clean and green renewable energy. The economic and political urgency to address climate change is rapidly changing global supply chains for metals and minerals, making the need for increased mineral exploration and supply more important than ever.
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At EMCOR, we are acutely aware of the state of our planet and the affects that long-term mineral extraction has on it. With advancements in science, technology and social awareness, the mining industry has an obligation to prioritize and invest in sustainability across all areas and activities. We believe this is achievable.
OUR APPROACH
Collective responsibility
"The mining sector provides the core of all the basic inputs that are fundamental to our daily lives. Without it, the world doesn’t function. The industry is now under pressure to quickly unlock new sources of critical minerals to support the sustainable energy transition goals of the future, in order to address climate change. If we have to tax the planet to now save the planet, we have to invest in sustainable ways to do this. There is a cost to sustainability. That bill is a collective responsibility.”
Cyrus Rahimtoola
CEO - Eastern Mining Corporation
Our sustainability policy
Our approach to sustainability not only covers our mining operations and the responsibilities we have towards the environment and local communities, it also covers how we operate as a business ensuring that we develop long-term sustainable strategies and profitable business objectives.
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Within our business, we are developing and reviewing a range of sustainability-related policies and initiatives that address various areas of our operations including; corporate, operations, health & safety, environment & climate change, biodiversity and ecology, social & community.
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We have various policies that are under development. Please keep an eye on this section for future updates.
Our preventive policy
We believe the most important and effective way to achieve sustainability across all areas of our operations is to think in a preventive manner.
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Prevention means understanding and identifying potential risks associated with our operations and deploying the correct protocols to reduce these risks. We cost this prevention into our operations as our own internal insurance policy and this forms a major part of our risk management philosophy. Our preventive policy covers five important pillars that also contribute to our sustainability approach.
OUR KEY PILLARS:
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SAFETY
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HEALTH
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ENVIRONMENT
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SOCIAL & COMMUNITY
PROJECT INITIATIVES
Carbon Mineralization
Mining operations generate massive amounts of waste in various forms known as tailings. Despite numerous recycling methods, the majority of mine waste is simply stored in facilities or waste sites and left untreated or unused.
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Oman's geology contains some of the world's largest deposits of ultramafic rock in various forms. Studies have shown this type of rock to be ideal hosts for storing CO2 based on their geochemical components.
We are exploring a number of applications with leading research and technology companies, to understand how certain mine tailings can be used to permanently remove CO2 from the atmosphere through a process known as carbon mineralization.
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DECARBONIZATION OPPORTUNITIES
Get in touch
Are you looking for a strategic partner in our region?
We are committed to addressing the impact mining operations have on the environment.
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While we strongly believe that mining is an essential component to the modern world, we also believe that there is an increased opportunity to offset and correct the damage caused by the industry's carbon footprint.
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This is why we are looking for real-world solutions that can be implemented now, to help incentivize the industry to move towards net-zero operations as is practically feasible.
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Please visit our contacts page to get in touch with us.