Stronger metrics, more players and continued engagement with Chinese entities expected from Copper Mark – CEO

The Copper Mark will look to strengthen its standard metrics for participants and its engagement with the Chinese government over the coming years, the standard’s chief executive officer, Michèle Brülhart, told Fastmarkets.

The assurance framework known as the Copper Mark, awarded to companies which can prove several responsible production practices, has been given so far to 17 mining sites, representing around 10% of global copper production, Brülhart said on Friday December 3. The world’s largest copper mine, BHP’s Escondida operation in Chile, has most recently been awarded the Copper Mark together with the company’s Spence and Olympic Dam operations. Other sites that have achieved the certification – set up in December 2019 – include Freeport McMoRan’s Cerro Verde mine in Peru, Rio Tinto’s Oyu Tolgoi deposit in Mongolia, Antofagasta’s Minera Centinela in Chile and KGHM’s Glogów and Legnica refineries in Poland. “Responsible production practices will become the norm and the expectation to achieve market access and access to finance, and also in the case of mining, to maintain your social license to operate,” Brülhart said. “Whether you demonstrate responsible practices using the...

Published

Ana de Liz

December 06, 2021

06:01 GMT

London