Reconnecting the industry in-person – Mines and Money London 2021 day two round-up

Delegates of Mines and Money braved wintry conditions in London on day two of the event, which marked a triumphant return to physical conferencing in the sector. Over 1,500 meetings between around 400 investors and 80 mining corporates took place over the course of the event, which concluded today.

As a leading media partner of Mines and Money, the RGN team attended the two-day event and provided live coverage from the plenary theatre – where a number of noteworthy keynote panels, debates and fireside chats took place – as well as from the bustling exhibiting floor.

RGN’s summary from day two of Mines and Money London can be found below.

Mining can tackle poverty, Barrick’s Mark Bristow tells audience

Barrick Gold president and CEO Mark Bristow spoke of the mining sector’s acute corporate social responsibilities within the regions and communities they operate in, during an eagerly anticipated fireside chat with ICMM’s CEO Rohitesh Dhawan in the afternoon.

“Every nation in the world has the right to benefit from its natural endowment through the process of responsible mining. In particular, poverty eradication is a crucial part of our sustainability outlook at Barrick,” Bristow told the audience.

The supremely experienced executive referred to Barrick’s industry-leading sustainability work across Africa throughout the last decade, including in the DRC. The company has helped deliver clean energy solutions and highly qualified and paid jobs to formerly underserved regions of the country.

There was also a candid discussion about the difficulties had in Tanzania by Barrick’s former subsidiary Acacia Mining. “We set out to repair relations with the government and local communities by providing a transparent framework outlining how we share the value created by our mining,” Bristow said.

A new ESG paradigm for the mining sector

One of the dominant themes of Mines and Money London was the prominence of ESG in the global mining industry. Jamie Strauss, chief executive and founder of ESG solutions provider Digbee, provided an authoritative voice on the topic, in a memorable address to the audience.

“The mining industry carries the hope of the world, but you would be forgiven for not realising this given mining wasn’t included in the recent COP26 climate conference,” Strauss said. “Mining offers so much to the world, but it needs to prove its ESG credentials to remain credible to the wider world.”

Speaking to RGN later in the day, Strauss outlined in greater detail Digbee’s ESG product offering to the mining market. “Digbee’s three frameworks are aligned to existing global standards and aim to remove confusion, raise credibility and open up avenues for miners to communicate their track record and ESG journey.

“I think the debate on ESG has moved on quickly during the past 12 months. There’s now a realisation that every company – from explorers all the way up to the biggest producers – must prove their ESG credentials. Ultimately, these credentials will have an impact on the pricing of the commodities in question, and whether or not some trade at a premium to others,” Strauss explained.

Tier One Silver producing astounding grades at Curibaya in Peru

Peter Dembicki of TSXV-listed Tier One Silver delivered a standout mining spotlight presentation on the main stage during day two. The president, CEO and director described the company as an ‘aggressive explorer’ of silver, gold and base metals in Peru.

After seeing some of the astronomical grade intercepts achieved at the company’s flagship Curibaya project, RGN was able to catch up with Dembicki later in the day. “Soon after we did our initial geological testing at Curibaya, we received some astounding rock samples with grades I don’t think anyone has ever seen before,” he told RGN’s editor.

“The next step was trenching and channel sampling to determine any outcropping mineralisation. When that came back with economic wins all over the place, the green light was given by our geologists to bring the drills out and start targeting these structures.”

Within the first six holes, Tier One intersected 1 metre of 1,480.5 g/t silver eq within a broader interval of 444.5 g/t silver eq. “We’re really liking the next six that are in the lab right now and we hope to have a few more results in the bag soon,” said a confident Dembicki. Watch this space.

Thanks to Mines and Money for delivering a brilliant in-person event for the first time in two years. Don’t forget to register for the next global mining event – the inaugral Future Minerals Summit, taking place in Riyadh, Saudi Arabia on January 11-13th!