Sustainability and Reporting in the Minerals Sector - A Developing Country Perspective

The minerals sector plays a significant role in the development of many Southern African economies. In the Southern Africa region, as in other developing regions, economic development is seen as the key contributor to poverty alleviation and social upliftment. The significant economic contribution of the minerals sector may be reduced by negative impacts on the biophysical environment and on the communities where mines operate. A critical variable in determining the net contribution of mining companies to SD is the degree of transparency with which the companies operate. Transparency is increasingly emphasised as an essential aspect of good governance and SD, but it is also difficult to establish, and is a sensitive issue for mining companies as they compete with each other for minerals sales. Transparent reporting could ensure that the interests of all stakeholders are addressed as company data is subject to informal ‘auditing’ by any interested party. This paper assesses published reports of five companies over a number of years to establish whether it is possible to make an assessment of the companies’ contribution to SD.