Global initiative enhances mine tailings safety

The Global Tailings Management Institute (GTMI), an independent organization dedicated to improving the safety of mine tailings facilities globally, have been recently launched

Established by the International Council on Mining and Metals (ICMM), the United Nations Environment Programme (UNEP), and the UN-supported Principles for Responsible Investment (PRI), the GTMI is a multi-stakeholder initiative with a mission to advance safe and responsible tailings management.

Headquartered in South Africa, the GTMI will focus on ensuring zero harm to people and the environment by overseeing independent assessments and certifications of tailings facilities. Its efforts will span the entire lifecycle of these facilities, providing a robust framework for safety and accountability.

A primary responsibility of the GTMI is to manage the implementation and adherence to the Global Industry Standard on Tailings Management (GISTM). This Standard requires companies to prioritise safety and improve transparency through public disclosures. The GTMI will coordinate an assurance framework through which qualified third-party assessors will audit and certify tailings facilities against the GISTM.

The GTMI’s creation was guided by an international advisory panel comprising diverse stakeholders.

Mission and Objectives of the GTMI

The GTMI’s core mandate includes managing the assurance framework, raising awareness, encouraging GISTM adoption, and promoting best practices in tailings management. It will also provide transparent updates on auditing outcomes.

“The GTMI is an essential component of the global framework to achieve zero harm from tailings dams,” said Adam Matthews, chief responsible investment officer at The Church of England Pensions Board, representing PRI. “The credibility of the GISTM depends on stakeholder confidence in facility compliance. Updates to the Standard will incorporate lessons learned from implementation, and public disclosures will ensure ongoing transparency.”

“UNEP is committed to minimizing the environmental and health impacts of the mining and metals value chain,” said Elisa Tonda, chief of resources and markets at UNEP. “The multi-stakeholder governance of the GTMI is vital for fostering transparency, accountability, and trust, contributing to a more responsible mining industry.”

Call to Action for Stakeholders

The GTMI invites all mining companies to sign on as participants, committing to implement the GISTM and undergo independent audits and certifications. Other stakeholders are encouraged to support these efforts and collaborate on advancing tailings safety.

Becoming a signatory demonstrates a strong commitment to responsible management, potentially improving relationships with regulators and communities, enhancing investor confidence, and offering better access to insurance options.