The Copper Mark, an assurance framework set up to promote the responsible production of copper, is launching the pilot implementation of the Molybdenum, Nickel and Zinc Marks. Producers of these metals are able to use the Copper Mark assurance framework to achieve their respective “Mark”, thereby signaling their leadership in sustainability and responsible production practices.
The main objective of the pilot is to test the implementation of the Copper Mark assurance framework for nickel, zinc and molybdenum producers. In particular, it aims to better understand the application of the multi-metal approach for single and multi-metal producers and the extent to which the multi-metal approach supports participants’ ability to meet upcoming regulatory requirements and market expectations.
The pilot is the result of a deepening collaboration between the Copper Mark, the International Molybdenum Association (IMOA), the Nickel Institute (NI), and the International Zinc Association (IZA) to promote sustainable and responsible production and sourcing practices within the copper, molybdenum, nickel and zinc value chains.
The pilot will run from November 2022 to July 2023 and will include the independent third-party site assessment of the participating sites against the Copper Mark Responsible Production Criteria, the Risk Readiness Assessment. The site may receive the Molybdenum Mark, Nickel Mark and/or Zinc Mark if the independent assessment confirms that all criteria are fully or partially met. A full launch for producers of molybdenum, nickel, and zinc is planned for 2023.
The collaboration makes use of existing standards and systems. The four organizations are not establishing any new standards. Participation in the pilot is voluntary and is open to any site involved in the extraction, processing, treatment, mixing, recycling, handling, or otherwise manipulating of products containing molybdenum, nickel, or zinc mined ore, metals, chemicals, alloys or other materials.
The Copper Mark now covers 20% of globally mined copper through the sites that have been assured. The following are the latest sites to receive the Copper Mark:
Compañía Minera Condestable S.A.(Peru, Southern Peaks Mining)
Hamburg (Germany, Aurubis AG)
Lünen (Germany, Aurubis AG)
Minera Antucoya (Chile, Antofagasta Minerals SA)
The number of participating sites grew from 39 to 42.