Latest news with #GISTM
Hamilton Spectator
21-05-2025
- Business
- Hamilton Spectator
Fortuna publishes its 2024 Sustainability Report
VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) — Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the publication of its seventh annual Sustainability Report, highlighting key developments in 2024 related to governance, corporate strategy, risk management, and performance. The report also outlines Fortuna's commitments and progress on the environmental, social, and governance (ESG) factors most material to our business and stakeholders. Jorge A. Ganoza, President, and CEO, stated, 'Sustainability is not just a responsibility - it is a strategic imperative that underpins our success as an efficient business and a trusted partner to our investors and stakeholders in the countries where we operate, now and in the future. We take pride in our 2024 performance, while acknowledging that continuous improvement is essential in the areas that matter most.' Mr. Ganoza added, 'Our leadership team is fully committed to embedding sustainability—particularly the prioritization of health and safety—into every aspect of our decision-making, from daily operations to long-term strategic planning.' Julien Baudrand, Senior Vice President of Sustainability, commented, 'This report outlines Fortuna's progress in aligning with leading industry practices, including Critical Risk Management, the Global Industry Standard on Tailings Management (GISTM), and ISO 14001 and 45001 certifications. It also highlights our 2024 achievements, such as top-tier performance in health and safety, industry-leading greenhouse gas emissions intensity per ounce of gold produced, and no significant negative impacts on the environment or our host communities.' Mr. Baudrand concluded, 'Striving for sustainability excellence - by achieving zero harm, minimizing our environmental footprint, and meeting stakeholder expectations - strengthens our relationships with shareholders, lenders, local authorities, communities, and employees, while creating lasting value for Fortuna.' Key facts and figures from the 2024 Sustainability Report: Governance Workforce Health and Safety Community Relations Environment Human Capital, Human Rights, and Business Ethics The report also highlights the transformative projects that we are leading across our host countries in Latin America and West Africa, demonstrating how our initiatives create lasting social and environmental value that extends beyond financial performance. As part of our ongoing commitment to transparency and stakeholder engagement, we have introduced a new companion resource: the Sustainability Data Booklet. This document is aligned with the 2023 SASB Metals & Mining Standard, TCFD recommendations, and GRI Standards 2021, including the newly released GRI 14: Mining Sector Standard (2024). It is complemented by our Interactive Analyst Center , which offers downloadable, site-specific ESG data for enhanced accessibility and insight. Fortuna's 2024 Sustainability Report is available on our website: We welcome questions and feedback at: sustainability@ About Fortuna Mining Corp. Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and exploration activities in Argentina, Côte d'Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit ON BEHALF OF THE BOARD Jorge A. Ganoza President, CEO, and Director Fortuna Mining Corp. Investor Relations: Carlos Baca | info@ | | X | LinkedIn | YouTube Forward-Looking Statements This news release contains forward-looking statements which constitute 'forward-looking information' within the meaning of applicable Canadian securities legislation and 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 (collectively, 'forward-looking statements'). All statements included herein, other than statements of historical fact, are forward-looking statements, including, without limitation, statements pertaining to the Company's sustainability plans, targets, strategies, and goals, such as working towards a zero harm workplace, implementing the Global Industry Standard for Tailings Management, and minimizing our environmental footprint. Often, but not always, these forward-looking statements can be identified by the use of words such as 'believe', 'expect', 'anticipate', 'contemplate', 'target', 'plan', 'goal', 'budget', 'aim', 'intent', 'estimate', 'may', 'should', 'could', 'future' and similar expressions, including negative variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, and factors include, among others, risks associated with climate change; risks associated with mining regime changes in the Company's operating jurisdictions, including those related to permitting and approvals, environmental and tailings management, labour, trade relations, and transportation, other factors including accidents, equipment breakdown, environmental risks; as well as those factors discussed under 'Description of the Business - Risk Factors' in the Company's Annual Information Form, a copy of which can be found on the Company's profile on the SEDAR+ website at . Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are based on the assumptions, beliefs, expectations, and opinions of management, including, but not limited to, continued availability of water and power resources at the Company's operations; financial and physical impacts of climate change and climate change initiatives on markets and the Company's operations; the availability and effectiveness of technologies needed to achieve the Company's sustainability goals and strategies; the accuracy of the Company's current mineral resource and reserve estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; and that there will be no material adverse change affecting the Company or its properties. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Zawya
05-05-2025
- General
- Zawya
Illegal mining: A key risk to tailings dams management and mine closure
Artisanal mining often occurs close to an operating mine, even to access the same deposit. In many parts of Africa, illegal artisanal miners mine tailings storage facilities (TSFs) and rock dumps, which pose a significant risk to the management of tailings dams. SRK Consulting considers the risk that illegal artisanal miners pose in the management of tailings dams in many parts of Africa The same TSF risks that face nearby communities could then apply to these miners. James Lake, partner and principal environmental scientist at SRK Consulting South Africa (SA), explains that TSFs, as part of a mine's lease area, are usually well protected by security infrastructure and services during the mine's operational years. However, the risks related to unauthorised access tend to escalate post-closure. 'In Tanzania, for instance, we have witnessed artisanal miners on a TSF, where the tailings were also being removed for use as construction material,' he says. In SRK's experience, mines often create 'attractive nuisances' after they close, such as pit gathering water that attracts wild animals. Similarly, a TSF still containing known minerals would attract illegal miners, who could put themselves at risk and perhaps endanger the structure. Global Industry Standard on Tailings Management This illegal mining is also a risk that needs attention in terms of the Global Industry Standard on Tailings Management (GISTM). Based on her work in the Democratic Republic of Congo (DRC), SRK Consulting South Africa (SA) principal environmental engineer Roanne Sutcliffe explained some of the risks associated with managing TSFs after mine closure. 'In one site, it was clear that artisanal miners were walking over a tailings dam each day to reach discards which were still considered to have some mineral value,' says Sutcliffe. 'They would then wash the ore in the supernatant pond on the TSF; this sort of activity could have health and safety implications and could impact the stability of the TSF.' In another case, there was evidence of artisanal mining on a mineral seam which was not only adjacent to a TSF but which also ran under the TSF's foundation. Post-closure activity close to a tailings dam was itself a potential risk, while any mining underneath the structure would compromise its stability and pose life-threatening risks. 'The GISTM highlights that mitigating TSF risks is a responsibility that extends for tens or even hundreds of years after mines cease operations,' she says. 'This means finding sustainable solutions and post-closure uses that address the considerable risks posed by ongoing artisanal mining.'
Zawya
01-05-2025
- Business
- Zawya
Africa: GISTM holistic approach emphasises importance of mine closure planning
The importance of closure planning for mines and the need to build these considerations into the initial mine design phase are re-emphasised by the holistic approach of the Global Industry Standard on Tailings Management (GISTM). The holistic approach of the Global Industry Standard on Tailings Management (GISTM) re-emphasises the importance of closure planning for mines. Pictured: An open pit mine rehabilitated (Image supplied) This approach considers risks throughout the life cycle of a tailings storage facility (TSF), including the decades following closure and, in some cases, even longer where stability or environmental concerns persist. James Lake, partner and principal environmental scientist at SRK Consulting South Africa (SA), says that closure is a theme that runs through the GISTM principles. 'The standard is explicit about the owners' responsibility to plan, build and operate TSFs to responsibly manage risk at all phases of the lifecycle – including closure and post-closure,' says Lake. 'This applies as much to the rights of project-affected people as it does to the maintenance of an interdisciplinary knowledge base and the operation of monitoring systems.' James Lake, partner and principal environmental scientist at SRK Consulting South Africa (Image supplied) Robust designs Recent years have seen considerable activity in the mining sector to bring TSFs into compliance with the GISTM, and Lake notes that TSF designs are becoming more robust. Among the considerations is the likely impact of climate change, for instance, which will require tailings dams to remain stable in conditions of higher or more intense rainfall. According to Roanne Sutcliffe, principal environmental engineer at SRK Consulting SA, the GISTM reiterates the principle that effective closure planning begins when mines are being conceptualised and designed. 'The operational life of a mine and its TSF is typically measured in decades,' says Sutcliffe. 'In contrast, when considering the post-closure aspects of a tailings facility, the design life will need to be much longer in most instances and may need to be considered in terms of centuries.' In terms of the GISTM, mines need to be able to demonstrate that, from a chemical and physical stability perspective, TSFs will remain stable throughout the operational phase and for centuries to come after mine closure. She notes that an 'active closure' period typically follows for 10-20 years after a mine ceases operations, where the TSF requires a maintenance and monitoring team almost commensurate with the team required for operations. After that, a more 'passive closure' regime may be sufficient, where the teams involved slowly reduce but would last for many more decades if not centuries. Roanne Sutcliffe, principal environmental engineer at SRK Consulting SA (Image supplied) Planning too late The GISTM emphasises the risks TSF failures pose to human life and the environment as well as the need for early design adaptations. For instance, ensuring long-term stability may require gentler slope designs, which increases the TSF's footprint. Where space is constrained, this closure consideration could limit the deposition capacity of the TSF and the production capability of the mine, even impacting the operation's planned return on investment. In this sense, the focus on mine closure is strengthened by the mining industry's compliance with GISTM, says Ivan Doku, principal resource geologist, partner and country manager of SRK Consulting Ghana. 'Planning fully for mine closure has always been challenging, but the GISTM has given positive momentum to this imperative,' says Doku. 'In West Africa, there is certainly increased interest in closure planning, as mines look for ways to close the knowledge gap between current operational requirements and post-closure needs.' Ivan Doku, principal resource geologist, partner and country manager of SRK Consulting Ghana (Image supplied) Re-processing valuable tailings Given the long mining history of countries like Ghana, he points out that there could be interesting opportunities in post-closure land use as it relates to TSFs. With advancements in mineral processing technology, many old TSFs could be re-treated to extract additional value before the remaining tailings are used for other purposes such as backfilling. 'The ability to treat material without incurring mining costs is an attractive prospect, with the revenue helping to boost the financial provisioning for closure,' he says. 'Where older facilities may not have been designed in optimal areas, re-treating the tailings also presents the possibility of depositing it in a different location – one that better suits the available post-closure options and can further reduce the mine's financial provisioning for closure.' Among the main reasons why effective closure is often so difficult is that tailings are viewed as a waste product with little or no current value, and many operations begin closure planning too late, when cash flow is limited, according to Sutcliffe. 'This means that money has had to be spent when it is least available, and for purposes that generate no return,' she explains. 'However, if it can be shown to be economically feasible to re-process a TSF, this allows for both additional revenue generation and integration into the updated mine-wide closure thinking, rather than retrospective management of old facilities not designed with closure in mind.' Risk management and mitigation Sutcliffe highlights the economic benefits of planning TSFs with closure in mind, pointing out the high cost required to bring many older facilities in line with the current standard's closure requirements. 'Early in the design stage, it is important to understand and best mitigate the potential risks that the TSF will present after closure. "Today, we see many facilities approaching the decommissioning phase, where risk mitigation could require significant expenditure or extended timeframes, or even both. 'It is generally far more cost-efficient to invest in the solutions earlier – in design or even at the operational stage – so that post-closure risk can be minimised," she explains. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Yahoo
26-03-2025
- Business
- Yahoo
Geotheta Announces Geotechnical Engineering For Tailings Storage Facilities
Johannesburg-based engineering consultancy Geotheta has announced its specialized geotechnical engineering consultation and design services for tailings storage facilities. Bryanston, South Africa--(Newsfile Corp. - March 26, 2025) - With global waste management regulations becoming more stringent in response to mounting environmental concerns surrounding mining operations, Geotheta is offering its geotechnical engineering expertise to companies that want to ensure their projects comply with regional standards. The firm is currently accepting projects from Oceania, Africa, the Middle East, Australia, and New Zealand. For more information, please visit Geotheta Announces Geotechnical Engineering For Tailings Storage Facilities To view an enhanced version of this graphic, please visit: Geotheta can provide its clients with a range of tailings storage facility (TSF) services, including design, construction, and management. With extensive experience in the global engineering and mining industries, its team of professional engineers and scientists can design for mineral residue and all deposition methods, including cycloning, day-wall, paste, filtered, and dry-stacked - ensuring facilities remain stable and will not pollute the environment. The firm can also offer dam break modelling and assessments and GISTM gap analysis to help clients develop risk-reduction strategies and achieve fully auditable compliance. Furthermore, Geotheta is capable of Engineer of Record surveillance according to global industry standards and can monitor facilities throughout their lifetime. Its principal engineers, Ian Hammond and Mike Abbott, each have over 30 years of experience in TSF design, construction, commissioning, and closures; they have also participated on independent review boards for multinational mining companies, allowing them to offer third-party review services for operations as well. "We are tailings experts who assist you in managing your mine waste effectively and sustainably," says Abbott. "We achieve state-of-the-art facilities by applying our professional design and monitoring skills, and we have the knowledge and experience you need to keep your tailings facility compliant with required legislation." Additionally, Geotheta employs technical and administrative staff and specialist consultants on a project-by-project basis. As a result, they can provide return water dam design, light civil structural design, construction site supervision, and coastal engineering, among other services, depending on the project's requirements and the climate and geography of the region. Geotheta has been active in the global mining and geotechnical industry since its founding in 2015. The firm has completed over 107 design projects in the past two years; its most recent projects include an alternate Class C containment barrier for two TSFs in Free State and a trade-off study for a coal discard facility in Mpumalanga. Interested parties can learn more by visiting Contact Info:Name: Ian HammondEmail: ian@ GeothetaAddress: Ground Floor, Wrigley Field Building, The Campus, 57 Sloane, Bryanston, Gauteng 2191, South AfricaWebsite: To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Tailings management: new issue out now!
Over the past few years there has been a concerted industry effort to drive the responsible management of mine tailings. In January, the independent Global Tailings Management Institute was launched with a mission to promote the adoption and implementation of the Global Industry Standard on Tailings Management (GISTM), launched five years ago. Already many mining companies are well on their way to adopting the voluntary GISTM and its 15 principles. In the March issue of MINE we speak to industry players to find out what GISTM has already achieved, and the efforts that are still needed to address the changing environment. Additionally, we look at how AI is supporting tailings monitoring and management, including by potentially reducing mining waste streams. We also explore the scope for using AI robots to build a workforce and what development could mean for the mining sector. In commodities, we examine the global outlook for cobalt mining, as well as projections for the lithium market to 2030. Also, following record coal production and demand in 2024, we look at the future of coal in key regions such as China and the US, where demand did not fall as sharply as expected. You can read the March issue of MINE at: March will also see the Prospectors & Developers Association of Canada (PDAC) welcome more than 1,100 exhibitors, hundreds of expert presenters and panelists, and thousands of industry representatives to Toronto for its 93rd annual convention: PDAC 2025. You can check out what to expect at PDAC 2025 in our event preview. Mining Technology is in attendance at PDAC 2025, with our editor, Caroline Peachey, on the the ground. Contact us (energyeditorial@ to arrange a meeting or an interview. We hope to see you there! "Tailings management: new issue out now!" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
