{"id":5247,"date":"2024-05-28T06:07:47","date_gmt":"2024-05-28T06:07:47","guid":{"rendered":"https:\/\/chamberofmines.com.ph\/beta\/?page_id=5247"},"modified":"2024-07-31T06:24:37","modified_gmt":"2024-07-31T06:24:37","slug":"2018-2020","status":"publish","type":"page","link":"https:\/\/chamberofmines.com.ph\/beta\/tsm\/2018-2020\/","title":{"rendered":"2018-2020"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_4,1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”3_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”TSM in the Philippines: ” _builder_version=”4.25.1″ _module_preset=”default” title_text_align=”left” global_colors_info=”{}”][\/et_pb_heading][et_pb_heading title=”The First 3 Years 2018-2020″ _builder_version=”4.25.1″ _module_preset=”default” title_level=”h2″ title_text_align=”left” global_colors_info=”{}”][\/et_pb_heading][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/tsm_logo.png” title_text=”tsm_logo” align=”right” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

The Chamber of Mines of the Philippines\u2019 (COMP) journey Towards Sustainable Mining began two years before the association signed up for this initiative.\u00a0 In 2015, under the Aquino administration, all large-scale mining companies were required to obtain ISO-14001 certification.<\/p>\n

In 2016, shortly after he assumed office, President Rodrigo Duterte said he will support mining as it can contribute to the country\u2019s economic growth \u2013 so long as it follows stringent global standards \u2013 particularly that of Canada and Australia, two of the leading mining jurisdictions in the world.<\/p>\n

One of COMP\u2019s member-firms, Philex Mining Corporation, came across TSM in 2017 and recommended its adoption by the Chamber of Mines.\u00a0 The Chamber reached out to the Mining Association of Canada (MAC) later that year.<\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/tsm_1st_3years.png” alt=”COMP and MAC sign a Mutual Cooperation and Licensing Agreement to adopt TSM on December 19, 2017. The partnership was witnessed by then Canadian Ambassador John T. Holmes (2nd from right) and former Department of Environment and Natural Resources Secretary Roy A. Cimatu (2nd from left). Former COMP Chairman Gerard H. Brimo (3rd from left) and MAC President Pierre Gratton (3rd from right) led the signing ceremonies, which was witnessed by COMP Trustee Eulalio B. Austin (far left) and MAC SVP Ben Chalmers (far right).” title_text=”tsm_1st_3yearshover” align=”center” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/tsm_1st_3yearshover.jpg” use_text_overlay=”on” image_details_background=”#E02B20″ image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_letterspace=”1px” image_caption_lineheight=”1.4em” image_caption_alignment=”center” image_description_color=”#000000″ image_description_size=”27px” image_description_letterspace=”25px” image_description_lineheight=”1.5em” image_description_alignment=”center” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}” hover_image_src_last_edited=”off|desktop”][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

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COMP members know that TSM is but yet another imposition on miners in the Philippines. The country already has among the strictest mining laws, rules and regulations in the world that impose on exploration and mining companies many social, economic, and environmental limitations and conditions. Moreover, the government has, in the last decade, done a thorough review of the regulatory framework of the mining industry and has put in place additional rules and regulations to enhance the industry\u2019s productivity while increasing the protection for the environment and the benefits to host communities.\u00a0<\/p>\n

Despite these, COMP members, aware of the increasing expectations of society as regards the industry\u2019s social, environmental, and governance performance or ESG, and of the fact that there is increasing pressure from our stakeholders and, in recent years, the capital and financial markets to hold miners accountable, decided to adopt TSM.<\/p>\n

According to the Canadian Ambassador to the Philippines Peter McArthur, TSM has, over the last 15 years, helped to transform how mines in Canada manage the environmental and social aspects of their operations.\u202f For example, in areas related to how mines work with local and indigenous communities, when TSM undertook its first third-party verifications in 2006, only about 50% could meet or exceed the good practice level of performance (Level A). Today over 90% of mines using TSM have met or exceeded the minimal required level.\u202f<\/p>\n

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[\/et_pb_text][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/denr_secretary.png” title_text=”denr_secretaryhoover” align=”center” admin_label=”Image: DENR Secretary COMP” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/denr_secretaryhoover.jpg” image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_lineheight=”1.4em” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”Investors are increasingly looking” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

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Investors are increasingly looking at how to measure the environmental and social performance of miners and are turning to standards like TSM.\u202f Sustainalytics, a major environmental and social ratings agency, recently developed a new tailings indicator that leans heavily on TSM.\u202f The only way a miner can receive the top level of performance in the\u00a0Sustainalytics\u00a0indicator is through TSM.<\/p>\n

On December 19, 2017, the Chamber of Mines of the Philippines forged a Mutual Cooperation and Licensing Agreement with the Mining Association of Canada to adopt TSM.\u00a0 The ceremony was attended by the Canadian Ambassador, former Environment Sec. Roy Cimatu, as well as by top officials of the Mining Association of Canada and COMP, as well as heads of Chamber member-companies.<\/p>\n

 <\/p>\n

 <\/p>\n

The \u2018Filipinization\u2019 of TSM <\/strong><\/h4>\n

To ensure that TSM and its components are responsive to conditions in the Philippines, COMP deliberately conducted a repetitive review and revisions process with the active participation of functional experts from member companies.\u00a0 These experts led the exhaustive \u201cFilipinization\u201d exercise such that most TSM Protocols underwent at least four reviews for over one-and-a-half years \u2013 from 2018 to mid-2020.\u00a0 In fact, revisions for one of the Protocols was concluded only in September 2021.<\/p>\n

The process was also purposely participative.\u00a0 COMP members were encouraged to weigh in and contribute to TSM\u2019s development, with the end in view of promoting ownership and buy in.\u00a0 Consequently, the Filipinized TSM Protocols and Indicators contain inputs from our members and, subsequently, the COI Panel.<\/p>\n

[\/et_pb_text][et_pb_blurb title=”Highlights of Revisions” use_icon=”on” font_icon=”||divi||400″ image_icon_width=”48px” content_max_width=”800px” admin_label=”blurb: Highlights of Revisions” _builder_version=”4.25.1″ _module_preset=”default” border_radii=”on|10px|10px|10px|10px” global_colors_info=”{}”]<\/p>\n

The applicable Philippine laws and regulatory processes were incorporated into the Filipinized TSM Protocols.\u00a0 For example, in the Canadian version, each operating mining project needs to identify the composition of its local community of interest \u2013 something we already have in the Philippines in the form of the Multi-Partite Monitoring Team.<\/p>\n

Canadian terms, such as \u201caborigines\u201d and \u201cFirst Nations\u201d, were changed to \u201cindigenous peoples\u201d. Moreover, more detailed discussion on standards and provisions that ensure compliance with Philippine laws were provided, and objective measurements for Indicators added.<\/p>\n

[\/et_pb_blurb][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/highlights_of_revision.jpg” title_text=”highlights_of_revisionhoover” align=”center” admin_label=”Image: TSM Review Team Leaders” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/highlights_of_revisionhoover.jpg” enable_caption_text=”on” image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_lineheight=”1.4em” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”The Philippines is the only country in the world that” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

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The Philippines is the only country in the world that requires its mining industry to allocate a certain portion of its operating costs to a fund called Social Development and Management Program or SDMP.\u00a0 The Program is a comprehensive 5-year plan towards the sustained improvement in the living standards of the host and neighboring communities by creating responsible, self-reliant, and resource-based communities.\u00a0 While COMP didn\u2019t have to, the review and revisions team decided to include the SDMP in one of the Protocols \u2013 the IP and Community Engagement Protocol.<\/p>\n

 <\/p>\n

 <\/p>\n

Inputs from the COI Panel<\/strong><\/h4>\n

Confident with the result of the exhaustive review process, the COMP Review Leaders presented the \u201cFilipinized\u201d TSM to the COI Panel in February 2020 \u2013 shortly before the pandemic lockdown.\u00a0 Some of the panelists noted, however, that TSM appears to be heavily process oriented.\u00a0 They recommended that, where applicable, outcomes or results of the process should be included in the performance measurement.<\/p>\n

COMP consulted the Mining Association of Canada on this, and they pointed out that outcomes or outputs are not something that can be compared between mines and between companies.\u00a0 How much tailings or water the mine discharges or how many community projects or agreements are in place varies from mine to mine and the context around the local situation is critical in understanding whether those outputs are appropriate or not.\u00a0 What is comparable and easy to subject to a benchmark such as TSM is whether process meet certain established levels of quality, so that it where our focus is.<\/p>\n

Many of the standards, however, have reporting or performance indicators associated with them that require the mines to establish objectives and targets and undertake public reporting.\u00a0 This is included to ensure that there are outcomes or outputs associated with each protocol.\u00a0 For example, in biodiversity, one of the indicators instructs the site to establish targets and or objectives for significant aspects of biodiversity and then another indicator asks the mine to publicly report on biodiversity performance.<\/p>\n

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[\/et_pb_text][et_pb_text admin_label=”The Philippines\u2019 TSM COI Panel” module_id=”tsmcoipanel” _builder_version=”4.26.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

The Philippines\u2019 TSM COI Panel <\/strong><\/h4>\n

The TSM program requires the formation of a Community of Interest (COI) Advisory Panel to advise on the implementation of TSM, to provide a mechanism for two-way dialogue between COMP and COI members, to periodically review results of the program, and to participate in audits.<\/p>\n

The COI Panel will assist COMP and its member companies to achieve excellence in sustainable performance through the implementation of the TSM guiding principles, leading to a strong positive contribution of the industry to economic and social development particularly in areas that host mining operations.<\/p>\n

In May 2019, COMP finalized the Terms of Reference (ToR) for the Philippines\u2019 TSM COI Panel.\u00a0 The ToR seeks to ensure the Panel will be relevant, dynamic, and place for rich dialogue between the industry and its communities of interest.\u00a0 Moreover, the ToR outlines the Panel\u2019s role of not just being the overseer of TSM, but also of all emerging issues or concerns of relevance to the mining sector.<\/p>\n

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[\/et_pb_text][et_pb_toggle title=”Selection Criteria” open=”on” admin_label=”Selection Criteria” _builder_version=”4.25.1″ _module_preset=”default” module_alignment=”center” global_colors_info=”{}”]<\/p>\n

    \n
  • Clear fit into a sector or identified expert category<\/li>\n
  • Knowledgeable about, or familiarity with, the mining industry and sustainable development policies and practices, and related issues<\/li>\n
  • Well-respected in their own constituency<\/li>\n
  • Demonstrated commitment to open and constructive engagement<\/li>\n
  • Able to devote time and effort to participating in the work of the Panel<\/li>\n
  • Diversity across Panel membership<\/li>\n
  • Does not belong to an organization that is ideologically opposed to mining<\/li>\n<\/ul>\n

    [\/et_pb_toggle][et_pb_text admin_label=”Composition” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

    <\/strong><\/h4>\n

    Composition <\/strong><\/h4>\n

    The Panel comprises 12 high-level, respected individuals from various sectors external to, but with some knowledge of, the mining industry (sectoral representatives), and three COMP Directors on an ex-officio<\/em> basis (industry representatives). To provide additional technical expertise in the discussions, one sectoral member would have a technical background and would have been associated with the industry either directly or through a regulatory agency.<\/p>\n

    Panel members bring their expertise and knowledge as well as their own perspective and that of their respective sectors to the Panel; they have the necessary respect and credibility to be an authoritative voice; and will actively contribute to discussions and debates in the Panel.<\/p>\n

    Panel members need not be formally associated with organizations within their respective sectors.<\/p>\n

    [\/et_pb_text][et_pb_blurb title=”Sectors the Panel members belong to” content_max_width=”800px” admin_label=”Sectors the Panel members belong to” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n\n\n\n
    \u00b7 Academe<\/strong>
    \u00b7 NGO\/CSO<\/strong>
    \u00b7 Environment<\/strong>
    \u00b7 Finance<\/strong>
    \u00b7 Labor<\/strong>
    \u00b7 Indigenous Peoples<\/strong><\/td>\n    		\u00b7 Legal<\/strong>
    \u00b7 Church<\/strong>
    \u00b7 Local Government Unit<\/strong>
    \u00b7 Media<\/strong>
    \u00b7 Engineering\/Geology<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

     <\/p>\n

     <\/p>\n

    [\/et_pb_blurb][et_pb_text admin_label=”The industry representatives in the Panel, who would participate” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

    The industry representatives in the Panel, who would participate on an ex-officio<\/em> basis, would not normally take part in the decisions of the Panel on specific advice to COMP, except on procedural or administrative matters.<\/p>\n

    When necessary to discuss issue-specific matters, the Panel can invite resource persons, regulators and additional representatives from the industry.<\/p>\n

    <\/strong><\/h4>\n

    <\/strong><\/h4>\n

    The COI Panel Members<\/strong><\/h4>\n

    In July 2019, the prospective list of COI Panel members was presented and approved by the COMP Board of Trustees and, in August, these members were handed their Letter of Appointment.<\/p>\n

    [\/et_pb_text][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/coi_panel_members.jpg” title_text=”coi_panel_members” align=”center” admin_label=”Image 1st COI Panel meeting” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” enable_caption_text=”on” image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_lineheight=”1.4em” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”The Philippines\u2019 First TSM Multi-Sector COI Panel Members were as follows:” _builder_version=”4.25.1″ _module_preset=”default” header_text_align=”center” header_4_text_align=”center” text_orientation=”center” global_colors_info=”{}”]<\/p>\n

    \u00a0<\/h4>\n

    \u00a0<\/h4>\n

    The Philippines\u2019 First TSM Multi-Sector COI Panel Members were as follows:<\/h4>\n

    [\/et_pb_text][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/coi_panel_members1.png” title_text=”coi_panel_members1″ align=”center” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” enable_caption_text=”on” image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_lineheight=”1.4em” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/coi_panel_members2.png” title_text=”coi_panel_members2″ align=”center” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” enable_caption_text=”on” image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_lineheight=”1.4em” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/coi_panel_members3.png” title_text=”coi_panel_members3″ align=”center” _builder_version=”4.25.1″ _module_preset=”default” width=”75%” enable_caption_text=”on” image_caption_color=”#000000″ image_caption_size=”13.5px” image_caption_lineheight=”1.4em” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/trustees.png” title_text=”trustees” align=”center” admin_label=”Three COMP Trustees sit in the COI PANEL on an ex-officio basis:” _builder_version=”4.25.1″ _module_preset=”default” width=”70%” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”TSM Rollouts” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

    <\/strong><\/h4>\n

    <\/strong><\/h4>\n

    TSM Rollouts<\/strong><\/h4>\n

    With the Filipinized version of TSM approved by the COI Panel, COMP rolled out the Program via Zoom to member companies in Mindanao on August 26, 2020, and in Luzon and the Visayas on September 16, 2020.<\/p>\n

    The Rollouts were participated in by the Canadian Ambassador to the Philippines, H.E. Peter MacArthur, Environment and Natural Resources Asst. Sec. Nonita Caguioa, MGB Director Wilfredo Moncano, 14 MGB Regional Directors who all expressed full support for the Program.\u00a0 Over 200 officers and TSM Initiative Leaders of COMP member-firms also attended the Rollouts, which were hosted by the Canadian Embassy Trade Mission.<\/p>\n

    [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts1-1.png” title_text=”rollouts1hoover” show_in_lightbox=”on” _builder_version=”4.25.1″ _module_preset=”default” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts1hoover.jpg” image_aspect_ratio=”16\/9″ border_radii=”on|10px|10px|10px|10px” border_width_all=”5px” border_color_all=”#000000″ box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts2-1.png” title_text=”rollouts2hoover” show_in_lightbox=”on” _builder_version=”4.25.1″ _module_preset=”default” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts2hoover.jpg” border_radii=”on|10px|10px|10px|10px” border_width_all=”5px” border_color_all=”#000000″ box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts3-1.png” title_text=”rollouts3hoover” show_in_lightbox=”on” _builder_version=”4.25.1″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts3hoover.jpg” border_radii=”on|10px|10px|10px|10px” border_width_all=”5px” border_color_all=”#000000″ box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts4-.png” title_text=”rollouts4hoover” show_in_lightbox=”on” _builder_version=”4.25.1″ _module_preset=”default” hover_image_src=”https:\/\/chamberofmines.com.ph\/beta\/wp-content\/uploads\/2024\/05\/rollouts4hoover.jpg” border_radii=”on|10px|10px|10px|10px” border_width_all=”5px” border_color_all=”#000000″ box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”MGB Approves DMTG Allocation for TSM” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

    <\/strong><\/h4>\n

    <\/strong><\/h4>\n

    MGB Approves DMTG Allocation for TSM<\/strong><\/h4>\n

    TSM presents a huge opportunity for COMP members to develop mining technology in the Philippines.\u00a0 Mining has evolved in the last several decades: it is no longer purely confined to science and engineering.\u00a0 Apart from technical considerations, mining simply cannot be done without taking into account its social and environmental impacts.\u00a0 TSM will enable COMP to improve not only the technical aspects of mining but, equally important, environmental and social performance as well.\u00a0 Moreover, TSM will provide a reliable, tested, and measurable platform that would allow miners to meet, even exceed, society\u2019s expectations of the industry \u2013 all under a multi-stakeholder group oversight.<\/p>\n

    Given the above reasons and the fact that the implementation of TSM would require funding for administrative and logistical expenses, COMP requested the Mines and Geosciences Bureau (MGB) to allow its members to allocate a percentage of their Development of Mining Technology and Geosciences (DMTG) Fund to TSM.<\/p>\n

    \"\"<\/p>\n

    [\/et_pb_text][et_pb_text admin_label=”On December 11, 2020, then MGB Director Wilfredo G” _builder_version=”4.26.1″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

    On December 11, 2020, then MGB Director Wilfredo G. Moncano granted COMP\u2019s request.\u00a0 Each operating member is allowed to allocate the equivalent to 5% of DMTG for TSM.<\/p>\n

     <\/p>\n

    Modified TSM Cycle<\/strong><\/h4>\n

    Considering the constraints posed by the COVID-19 pandemic, COMP decided to implement TSM on a gradual basis, transitioning from a 4-year Modified Cycle from 2021 to 2024, to TSM\u2019s Regular 3-year cycle beginning 2024 and 2025.<\/p>\n

    \"\"<\/p>\n

    [\/et_pb_text][et_pb_toggle title=”COMP identified the following activities, among others, during the Modified Cycle:” open=”on” admin_label=”COMP identified the following activities, among others, during the Modified Cycle:” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

      \n
    • In 2021, members will undertake gap analysis vis-\u00e0-vis the TSM Protocols and Indicators and work to address those gaps. Submission of self-assessment reports to COMP and the Community of Interest (COI) Advisory Panel will be voluntary; reports will not be published. Meanwhile, COMP will identify external verifiers and have them approved by the COI Panel.<\/li>\n
    • In 2022, membership submission of self-assessment reports will be mandatory, but said reports will still not be published. Approved external verifiers will undergo training with the assistance of MAC.<\/li>\n
    • Half of COMP members will undergo external verification in 2023 and the other half in 2024. Members who will be externally verified will have to submit their CEO Letters of Assurance; the COI Panel may interview 2 to 3 of these companies.\u00a0 All reports \u2013 whether they\u2019re self-assessed or externally verified \u2013 will be made public.\u00a0 Members that will be externally verified in 2023 and 2024 will transition to the regular verification cycle beginning 2024 and 2025, respectively.<\/li>\n<\/ul>\n

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      The Chamber of Mines of the Philippines\u2019 (COMP) journey Towards Sustainable Mining began two years before the association signed up for this initiative.\u00a0 In 2015, under the Aquino administration, all large-scale mining companies were required to obtain ISO-14001 certification. 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