States tighten noose on mining as Ibadan explosion death toll now five

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As global mining and metals companies in Davos at the World Economic Forum commit to urgent action to support a nature positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems, and natural processes, national and sub-national governments are still in a quandary on how to check the menace of illegal mining and effectively regulate the sector following Tuesday’s explosion in Ibadan, Oyo State.

With responsibly produced minerals and metals playing a critical role in advancing global sustainable development goals, International Council on Mining and Metals (ICMM) members, representing a third of the global industry, at the ongoing summit in Switzerland, pledged that meeting this demand for critical materials must not be at the expense of nature.

Shaped by experts and leaders from across ICMM company and association members, as well as from civil society, academia, indigenous representatives, and investor bodies, ICMM’s new commitments shared in Davos set out a five-point plan for nature: Protect and conserve pristine areas of natural environment – No mining or exploration in World Heritage Sites and respect all legally designated protected areas; Halt biodiversity loss at operations; collaborate across value chains; restore and enhance landscapes; and catalyse wider change.