Track 9: Critical Minerals, Strategic Materials and Mineral Policy

Global environmental indicators show that mitigation-focused sustainability approaches are no longer sufficient. The IPBES Global Assessment Report on Biodiversity and Ecosystem Services reported in 2019 that human activity has significantly altered most terrestrial and marine ecosystems and that approximately one million species are threatened with extinction. Later IPBES assessments, including the 2022 Values Assessment and the 2026 Business and Biodiversity Assessment, further show that economic activity depends on biodiversity and nature’s contributions to people. For mining, this means that biodiversity, land, water, social trust, and closure planning must be treated as core project conditions rather than late-stage compliance items. 2. STATE-OF-THE-ART IN RESPONSIBLE MINING International frameworks provide a foundation for responsible mining practice, but many remain voluntary, process-oriented, or focused mainly on impact reduction. The International Council on Mining and Metals has established Mining Principles and performance expectations covering environmental stewardship, community engagement, ethical governance, and transparent reporting. The Mining Association of Canada’s Towards Sustainable Mining initiative similarly provides protocols that help operations assess and report performance in areas such as biodiversity, community relationships, tailings, health and safety, and climate change. Global policy frameworks such as the United Nations Sustainable Development Goals and the Kunming-Montreal Global Biodiversity Framework emphasize the interdependence of economic growth, environmental protection, and social well-being. The remaining gap is not the absence of guidance, but the inconsistent translation of guidance into binding restoration duties, financial assurance, measurable biodiversity outcomes, and long-term post-mining planning. 3. WHY INNOVATION IS NECESSARY 3.1 Beyond sustainability Environmental degradation has progressed to a stage where stabilizing impacts is no longer sufficient. The United Nations Environment Programme describes climate change, biodiversity loss, and pollution as interconnected planetary emergencies that threaten human well-being and economic stability. The economic case is equally clear. The World Bank’s Economic Case for Nature estimated that a partial collapse of selected ecosystem services could reduce global GDP by USD 2.7 trillion annually by 2030, with particularly severe effects in countries highly dependent on natural capital. For mining, this finding is important because sector competitiveness depends not only on production volumes, but also on stable ecosystems, reliable water systems, community confidence, and credible closure pathways. 3.2 From risk management to nature-positive outcomes A stronger model should define measurable ecosystem outcomes, not only management processes. For mining projects, this means applying the mitigation hierarchy before key design 4

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