Q&A: GISTM: Fostering Stronger Stakeholder Relationships

Four years ago, the Global Industry Standard on Tailings Management (GISTM) was introduced to facilitate sound tailings storage facility (TSF) management in mining. However, as expected, mining companies are taking gradual steps towards compliance. Mining Business Africa learns about the challenges they face and practical solutions available from SRK Consulting South Africa's Lisl Pullinger Principal Consultant, and Kavandren Moodley, Principal Environmental Scientist.  

MBA: Well-intentioned as Principle 15 is, it places a significant burden on mines. What is the scope of information that can be disclosed to the public?

LP: Disclosure has traditionally meant sharing information mainly with stakeholders and investors. However, the disclosure envisaged by the GISTM - particularly Principle 15 - is closely linked to the human rights of those most affected by TSFs. They have the right to understand all aspects of how the TSF , and its potential failure, could impact them, as well as the right to contribute to the protective systems and procedures in place. 

This includes understanding a TSF's consequence classification level - low, significant, high, very high, or extreme -  based on the potential impacts of its failure. This classification helps gauge the level of risk the facility poses to the environment and nearby communities. Incidents at TSFs must also be disclosed; some companies provide a brief acknowledgement, while others give detailed descriptions and outline subsequent management actions. 

For companies working towards GISTM compliance, it's important to share information on progress and audit results, including successes and areas still needing improvement. This is particularly crucial for facilities that may not yet meet all compliance standards due to legacy design or financial constraints.