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ICMM Maximizing Value - Summary

ICMM Maximizing Value - Summary

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Published by Stakeholders360

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Published by: Stakeholders360 on Nov 24, 2010
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Maximizing Value
Guidance on implementing materialsstewardship in the minerals andmetals value chain
This leaflet has been produced as a supplement to the ICMMpublication entitled
“Maximizing Value: Guidance on implementingmaterials stewardship in the minerals and metals value chain”
.It provides a summary of the detailed guidance document and isintended to familiarize the reader with the concept of materialsstewardship and the associated business value that it can create.
The ICMM Sustainable DevelopmentFramework represents an ambitious, broadand complex challenge for the industry. A keycomponent of this challenge is to work withother stakeholders in the value chain ofminerals and metals to ensure the use ofthese materials is optimized; theenvironmental, health and safety risks areminimized; and, wherever possible the ‘value’of the material is captured and re-circulatedthrough the economy.
Maximizing Value 
supports ICMM members in their commitmentto a number of the Principles within theSustainable Development Framework. It isparticularly relevant to Principle 8, to “facilitateand encourage responsible product design,use, re-use recycling and disposal”; Principle6, to “continually seek ways to improve ourenvironmental performance,” and Principle 5,to “seek continual improvement of our healthand safety performance.”The guidance document outlines a range ofactivities that can be undertaken to ensurethe minerals and metals industry works inconjunction with other actors in the valuechain toachieve optimal and appropriate useof metals in society.This means responsiblyproviding materials and working toensurethat material flows create maximum societalvalue and minimum impact on humans andthe environment.In practice, materials stewardship is about:
the social, environmentaland economic impacts of your material as itmoves through its life cycle from mining touse and through to the end of its life.
Developing relationships
with other actorsalong the life cycle who can promotebeneficial and appropriate use of yourmaterial or who can minimize risks tohuman health and the environment.
Taking action
on appropriatestewardship activities for the part of the
Demand for metals may have reachedunprecedented levels of late but if themining and metals sector is tocontribute successfully to sustainabledevelopment we must adopt principlesand practices which address the entirelife cycle of the materials we produce.Progress must be founded on a sense ofshared responsibility for the resourceswe utilize and the materials we create.It is this integrated approach which liesat the heart of materials stewardship.
Maximizing Value 
isakey element inICMM’s sustainable developmentagenda. It provides guidance to assistmembers in understanding andimplementing effectivematerialsstewardship strategies while creatingadditional business value throughidentifying new opportunities in anincreasingly competitive global marketplace.
ICMM’s Principlesand Vision
life cycle you directly control. And for theareas where you are not in direct control,but have influence, you work with andencourage other actors in the life cycle toplay their part.In reality, our capacity to act as stewards ofthe materials we produce changes betweenthose parts of the materials life cycle overwhich we have direct control and those partswhich we cannot manage directly. In thoseparts of the materials life cycle where we donot have direct control our stewardship maybe exercised through partnerships, provisionof information and other routes of influenceand support. These two aspects of materialsstewardship capacity can be referred to as
process stewardship
(direct control) and
product stewardship
(influence and support).At the business level, the capacity orrequirement for process and productstewardship within a particular material cyclewill differ between companies dependent onthe nature of their business. For example,acompany that mines and refines bauxite,casts aluminium ingots, rolls cansheet andproduces drink cans, will have a broader rolein process stewardship than a company whichonly produces aluminium ingots. Beyond itsparticular scope of process stewardship,acompany seeking to fully adopt a materialsstewardship policy will be engaged inproduct stewardship with respect to thefabrication, use and ultimate recycling ofaluminium cans.While the nature and extent of a company’smaterials stewardship activity will dependon the extent of their business throughoutthe materials life cycle, there is generalagreement that the concept of materialstewardship is still evolving and will beshaped by different parties along the miningand metals supply chain. This flexible,lifecycleapproach goes tothe heart of theguidance contained in
Maximizing Value 
Return toenvironmentSocietal demand for minerals and metalsExplorationMiningConcentrationSmelting and refining
RecyclingRe-manufactureRe-useDisposalFabricationDesign and manufactureUseFigure 1:The scope of materials stewardship encompasses process and product stewardship

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