Interview: Joshua Mortoti
In what ways are large mining firms prioritising environmental, social and governance (ESG) principles?
MORTOTI: Large mining entities are increasingly implementing renewable energy-dependent operations as part of decarbonisation efforts. These initiatives not only align with the global campaign to reduce carbon emissions, but also demonstrate the increasing adoption of international best practices. These companies continue to embed safety in their operational philosophy and working environments, creating a culture of vigilance and enabling greater security in the workplace.
Furthermore, adherence to ESG principles is leading to unparalleled social performance by mining firms, which is underscored by community programmes such as scholarships, infrastructure development and health care facilities. These contribute significantly to local well-being, illustrating the positive impact that mining can have on surrounding communities. Prominent industry leaders have demonstrated their commitment to ESG principles by emphasising environmental preservation, exemplified by the increasing utilisation of water reuse and purification protocols in mining activities.
What kind of investment is required to develop downstream production facilities for mining inputs?
MORTOTI: Downstream production facilities are key to reducing Ghana’s dependence on imports and promoting self-sufficiency. Strategic investment is critical to this effort to engender the kind of stability enjoyed in other mature mining markets.
Accordingly, the mining sector would best benefit by mobilising investment in various stages of the value chain, from mineral processing to manufacturing key inputs. It is essential to harness the country’s resources and talents to produce essential mining-related chemicals domestically. This initiative helps foster self-reliance, as well as contributes to the growth and sustainability of the sector, ensuring that there are longterm benefits for the economy and mining industry.
How can initiatives and policy amendments help develop an integrated mining industry?
MORTOTI: Enacting policy amendments that prioritise the entirety of the mining value chain is necessary to efficiently develop an integrated industry. Engaging the private sector is pivotal and requires a supportive, stable fiscal environment. This means providing the necessary infrastructure and regulatory framework to encourage the participation of the private sector.
By leveraging its mineral resources, Ghana can both generate revenue and create jobs. It is imperative to rethink the strategy by shifting from short-term, revenue-seeking measures to a more comprehensive approach that takes into account the sector’s longterm development and sustainability.
Which factors have the potential to boost or impede the gold mining industry’s growth?
MORTOTI: Ghana’s rich mineral resources and growth prospects give the gold mining industry a unique advantage, and a fundamental shift in perspective is needed to further propel growth. Fiscal stability is a key cornerstone of this endeavour: by providing a predictable and secure environment for mining operations, the sector can attract investment. Creating a conducive business climate that comports with the tenets of responsible mining is also important in driving sector growth. The country could harness its vast mineral wealth effectively through measures that combine the exploitation of resources with sustainable practices.
However, illegal small-scale mining could disrupt the industry and pose a considerable impediment to the growth of large mining companies, while unregulated mining activities could be detrimental to the environment. The strict enforcement of mining regulations is expected to prevent encroachment into the territory of large-scale operations, reduce undue pressure on land resources, protect forests, and ensure the sustainability, integrity and prosperity of Ghana’s mining sector.
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