In the realm of mining, the effective management of tailings stands as a paramount ESG challenge. Mining companies have come under increasing pressure to adopt sustainable tailings management practices that minimise environmental impact, safeguard nearby communities, and adhere to stringent regulatory frameworks – some of them new and a direct response to past failures. From an environmental perspective, the improper disposal and containment of tailings pose significant threats to local ecosystems, contaminating water sources and disturbing the delicate balance of biodiversity. Socially, these challenges are exacerbated as mishandled tailings management can lead to displacement of communities, loss of livelihoods, and public health crises – and in the worst instances, catastrophic failures that cost lives. Governance-wise, the transparency and accountability in tailings management have come under scrutiny, with regulatory authorities and investors alike demanding more stringent oversight.
In response to this, the industry's tailings experts and supporting service and technology providers have changed their approach. New technologies are available and old technologies are being applied in innovative ways to improve construction and monitoring of TSFs.
Now in its 6th year, Mining Journal, Mining Magazine and Australia Mining Monthly's Tailings report 2024 explores the multifaceted challenges faced by mining companies in their tailings management efforts, with a keen focus on ESG considerations. It dissects the environmental risks associated with tailings, examine the social implications on local communities, and delve into the governance hurdles that necessitate robust, ethical frameworks. Through comprehensive analysis and the presentation of real-world case studies, this paper provides valuable insights into the progress made over recent years, and the areas that still need addressing to consolidate these efforts into a new generation of best practice in TSF expertise.
