Mining was one of key issues during the visit of the Canadian Prime Minister Justin Trudeau to Argentina, who stressed the importance of having a responsible and transparent mining industry. He pointed out his commitment to incentivize international cooperation to guarantee that mining is developed in accordance with highest quality standards. In this sense, the agreement confirms the implementation in Argentina of the program "TSM – Sustainable Mining" which establishes several parameters and control stages, involving both company's internal staff and community boards.
In turn, the president of the Argentine Chamber of Mining Entrepreneurs, Marcelo Alvarez, stated that the TSM program is an important tool for companies to achieve a good performance and manage the main risks of the activity. The TSM was one of the initiatives announced in early 2016 by the Chamber, in the plan called "Desafío CAEM 20/21" which set the objectives for the next five years.
The main principles of TSM are supported by a series of protocols that describe the commitments undertaken by the companies. The companies are required to assess their performance in six main areas: manage of mine tailings, relationship with the community, health and safety, biodiversity preservation, crisis management and energy application and management of the emissions.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.