1 MONGOLIAN PRESIDENT SAYS HE SUPPORTS RUSSIA-CHINA OIL AND GAS PIPLINES THROUGH MONGOLIA WWW.REUTERS.COM  PUBLISHED:2022/12/01      2 TALON RAISES CASH AS IT TAKES STAKE IN MONGOLIAN PROJECT WWW.MININGWEEKLY.COM PUBLISHED:2022/12/01      3 MONGOLIA’S EFFORTS TOWARD ENSURING IMPLEMENTATION OF BWC PRESENTED WWW.MONTSAME.MN PUBLISHED:2022/12/01      4 AT LEAST ONE KILLED DUE TO A FIRE AT AN OIL STORAGE FACILITY IN DARKHAN DEC. 1 WWW.CRISIS24.GARDA.COM PUBLISHED:2022/12/01      5 "ROAD TO ONE – MONGOLIA 2022” WAS SUCCESSFULLY ORGANIZED AT STEPPE ARENA WWW.NEWS.MN PUBLISHED:2022/12/01      6 NEW VU-UBMK PARTNERSHIP EXPANDS INTERNATIONAL OPPORTUNITIES FOR STUDENTS IN MONGOLIA WWW.VINU.EDU  PUBLISHED:2022/12/01      7 CHINA, MONGOLIA TO EXPAND COAL TRADE, SIGN MORE LONG-TERM CONTRACTS WWW.SXCOAL.COM PUBLISHED:2022/12/01      8 JAPAN EMPEROR, EMPRESS MEET MONGOLIAN PRES. AT PALACE WWW.NIPPON.COM PUBLISHED:2022/12/01      9 CHINA-MONGOLIA FREIGHT TRAIN DEPARTING FROM E CHINA'S LIANYUNGANG PORT RECORDS OVER 80 TRIPS THIS YEAR WWW.ENGLISH.WWW.GOV.CN PUBLISHED:2022/11/30      10 BROAD MEETS NORMAL GAUGE AT NEW BORDER POINT CHINA-MONGOLIA WWW.RAILFREIGHT.COM PUBLISHED:2022/11/30      147 МЯНГАН ТОНН ХҮНСНИЙ НОГОО ХУРААН АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2022/12/01     ГУРИЛЫН ҮЙЛДВЭРҮҮДЭД 160 МЯНГАН ТОНН УЛААНБУУДАЙ НИЙЛҮҮЛЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2022/12/01     АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРТ ₮55 ТЭРБУМЫН ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ ОЛГОНО WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2022/12/01     ОНЫ ЭХНЭЭС ХОЙШ 26.2 САЯ ТОНН НҮҮРС ЭКСПОРТЛООД БАЙНА WWW.NEWS.MN  НИЙТЭЛСЭН:2022/12/01     НҮБХХ: МОНГОЛЫН НОГООН ХӨГЖЛИЙН ЗОРИЛТУУД ХЭТ ӨӨДРӨГ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2022/12/01     ЭРЧИМ ХҮЧНИЙ ШУГАМ СҮЛЖЭЭ, СТАНЦУУДЫГ ШИНЭЧЛЭХЭД $161 САЯЫН САНХҮҮЖИЛТ ШААРДЛАГАТАЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2022/12/01     ХЭРЭГЛЭЭНИЙ БАРАА, ҮЙЛЧИЛГЭЭНИЙ ҮНЭ 1.3-14.5 ХУВИАР НЭМЭГДЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2022/12/01     БНХАУ РУУ ДУЛААНЫ АРГААР БОЛОВСРУУЛСАН 26 ЧИНГЭЛЭГ МАХ ГАРГАЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2022/12/01     ЭРЧИМ ХҮЧНИЙ АЧААЛАЛ ӨЧИГДӨР ОРГИЛДОО ХҮРЧ, 40 МВТ-ААР ӨСЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2022/11/30     2022 ОН ГАРСААР УЛСЫН ХЭМЖЭЭНД НҮҮРСНИЙ ЭКСПОРТ 26.3 САЯ ТОНН БОЛЖ, 73 ХУВИАР ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2022/11/30    

ESG, geopolitics ranked top risks for mining companies, EY survey shows www.mining.com

Global mining and metals executives view environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, according to this year’s ranking of the Top 10 business risks and opportunities for mining and metals in 2023 by EY.
“We’ve witnessed huge upheaval and change over the last year, namely due to the war in Ukraine, climate events, new governments in mining regions and shifting relationships in others — all coming together to drive substantial impact on the sector,” explains Theo Yameogo, Americas mining and metals leader.
“These external factors combined with inflation will continue to shift the sector’s risks and opportunities as pressure form stakeholders and capital markets hold leaders accountable on multiple fronts. Companies that can demonstrate their ability to future-proof their business models to better deal with disruption and changing commercial relationships will ultimately gain a competitive advantage.”
While evidence has shown that mining and metals companies are integrating ESG factors into corporate strategies, decision-making and reporting, survey respondents continued to rank ESG issues as the number one risk to their business, with climate change following closely behind in the third position (see below).
ranking radar chart
“Net zero is still a focus, but mining and metals companies are also mitigating broader transition and physical risks,” says Yameogo. “Companies must play a role in enabling a just transition — achieving decarbonization targets while considering the long-term impact of mine closures on workers and communities.”
Respondents ranked geopolitics as the second business risk — up from fourth last year, with 72% identifying resource nationalism as the top geopolitical factor likely to impact their operations as governments seek to fill revenue gaps after spending throughout the pandemic and capitalize on higher commodity prices through new or increased mining royalties.
Respondents also listed water stewardship (76%), decarbonization (55%) and green production (35%) as the top issues they expect will face the most scrutiny from investors (see below).
which are the top esg issues graph
Various external and societal factors such as the impact of Covid-19, the war in Ukraine and rising energy prices have magnified the challenges that have been looming for some time. In response, respondents say they are seeking to improve end-to-end supply chain visibility, leverage technology to improve operations and performance, and be more strategic when analyzing new technologies and supplier portfolios.
“Major disruption and rapidly changing expectations, together, may impact the ability for mining and metals companies to build sustainable value,” Yameogo adds. “Risk mitigation and maximizing opportunity requires companies to make significant changes to their business through a proactive, diversified approach that’s integrated into strategy and broader planning.”


Published Date:2022-09-29