Global Tailings Management Institute Launched to Bolster Safety

After the devastating Brumadinho dam collapse in Brazil in 2019, the Global Tailings Management Institute (GTM) has been established to enhance the safety of mining waste storage facilities.

Independent Audits and Certifications

The GTM, co-founded by the International Council on Mining and Metals (ICMM), UN Environment Programme, and Principles for Responsible Investment, will oversee independent audits and certify member companies' facilities based on their safety practices and public disclosures.

Foundation and Mission

The Brumadinho disaster, which claimed 272 lives, served as a catalyst for the GTM's establishment. It aims to prevent such tragedies by implementing best practices and improving industry standards.

Global Impact and Importance

Tailings-dam disasters have occurred worldwide, resulting in fatalities, property damage, and environmental degradation. The GTM aims to address these risks by providing a framework for安全 management and accountability.

Investor Support

Investors play a crucial role in promoting responsible tailings management. The Principles for Responsible Investment, which represents over $120 trillion in assets under management, supports the GTM's mission.

Next Steps

The GTM will elect a board of directors and recruit key staff in the coming months. Independent auditors will be appointed and trained to evaluate and certify tailings dams.

Transformative Impact

The GTM's establishment is seen as a transformative step towards improving tailings management practices globally. It aims to foster collaboration and strengthen accountability within the mining industry.