Formalization of artisanal miners in Peru approaches deadline

The Formalization process and associated engagement with ASM will reduce current investor companies’ exposure to reputational risk by proximity. As part of their community development strategy, these companies could additionally seek to transfer technical expertise, enhancing ASM compliance with environmental and health and safety legislation, such as the global Minamata Convention (a Mercury Treaty scheduled to be signed in October 2013), and establishing a longer-term and more durable ‘social license to operate’. This is turn would also aid longer-term mine closure planning, improving the legacy of large-scale investors.
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