Mining giant commits to sustainable development

MINING: Minerals Processing Plant at Carrapateena site. Photo: OZ Minerals.
MINING: Minerals Processing Plant at Carrapateena site. Photo: OZ Minerals.

Mining giant OZ Minerals has signed a code of conduct declaring their commitment to sustainable development in South Australia.

The company joins Rex Minerals and SIMEC Mining as fellow signatories to the voluntary code, which was launched in March this year.

The South Australian Chamber of Mines and Energy (SACOME)'s code of conduct offers a framework for mining, oil and gas companies to manage performance and demonstrate commitment to sustainable development.

SACOME CEO Rebecca Knol welcomed the decision.

"We are delighted to welcome these leading mineral companies as signatories to our Code of Conduct. SACOME's Code of Conduct aims to shine a spotlight on resource companies committed to best practice and sector leadership," she said.

The voluntary Code has been adopted from the Minerals Council of Australia's Enduring Value Framework for sustainable development and contains guidelines for mining, oil and gas companies to manage performance and demonstrate commitment to sustainable development.

Meaning that mineral projects should be safe, financially profitable, technically appropriate as well as environmentally and socially responsible.

Based in South Australia, Oz Minerals owns and operates the copper-gold mine at Prominent Hill and is developing one of Australia's largest copper-gold resources 160km north of Port Augusta at Carrapateena.

"OZ Minerals is a modern mining company focused on creating value for our key stakeholders," OZ Minerals Chief Executive Officer Andrew Cole said.

"Signing SACOME's Code of Conduct is a means of demonstrating our intent in this regard

"Having a sound governance framework including publicly available performance standards is an important foundation for our company as we grow and as we develop a culture of collaboration and innovation."