CASE STUDIES
Enhancing responsible gold production in line with the LBMA Guidance
Driving responsible gold production in Mali
Gold mining is the backbone of Mali’s economy. Mali, Africa’s third-biggest exporter of gold, relies heavily on this precious metal, which accounts for nearly 10% of the country’s GDP and half of its state revenues. Beyond economic metrics, gold mining supports numerous livelihoods across the nation. Away from the more unstable north, one Gold Mining Company is on a mission to advance responsible mining practices.
The Company operates a gold project in southern Mali. It has committed to aligning its operations with Environmental, Social, and Governance (ESG) standards, such as the London Bullion Market Association’s (LBMA) Responsible Gold Guidance. The Company’s management team recognised that aligning would benefit the mine and its stakeholders by;
- Mitigating negative ESG impacts to improve production, strengthen community relationships and help maintain a social license to operate.
- Enhancing market competitiveness by addressing the growing demand for compliance with international ESG standards.
- Future-proofing the business by strengthening existing management systems so that they are resilient to future challenges.
The journey to responsible production
Strengthening ESG management systems and standards requires time and dedicated effort. To ensure that resources were directed toward activities that would have the most impact, the Company asked Kumi to complete a diagnostic assessment to identify improvement opportunities. Our assessment included:
Next step: Implementation
Following our support, the Company has a structured roadmap to formalise its management systems, strengthen due diligence and risk identification processes, and establish an operational-level grievance mechanism. As the Company advances its ESG practices, Kumi will continue to provide implementation support and guidance as needed.
