The role of environmental management in obtaining financing in the mining industry
CIM Bulletin, Vol. 90, No. 1010, 1997
MaryAnn E. Crichton and David G.C. Clarry, Hatch Associates Ltd., Mississauga, Ontario
Environmental risk is becoming more important in debt and equity financing decisions in the mining industry worldwide. Demonstration of good environmental management practices and management systems has a direct impact on the ability of mine developers, operators and investors to raise financing. Based on experience in providing due diligence services, there are a number of factors that are important in assessing financial risks related to environmental issues in either new projects or existing facilities. A framework for understanding the importance and priorities of each element of environmental management is presented.
Environmental management, Due diligence.