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Weir Minerals’ new Trio® TC84XR live-shaft cone crusher improves safety, functionality and reliability
Weir Minerals has upgraded its range of Trio® TC live-shaft cone crushers. The Trio® TC84XR features all the robust design elements that have made live-shaft crushers a fixture of the mining and sand and aggregate industries for generations, while also incorporating the latest technology to ensure it remains integral to flowsheets long into the future.
‘The Trio TC cone crushers’ live-shaft design has been proven to perform in heavy-duty secondary and tertiary crushing applications. We wanted to build on this strong foundation. My team followed a comprehensive design process – we’ve reviewed and tested every inch of this crusher. While the TC84XR may seem familiar on the outside, we’ve upgraded its design and control functionality. The motor is larger and it has a much higher crushing capacity compared to equivalent sized crushers,’ Mark Utecht, Weir Minerals’ Director of Comminution Engineering said.
‘The result: we now have an incredibly robust, powerful and technologically advanced crusher that is easy to operate, has a low wear rate and uses less energy, which ultimately lowers operating costs,’ he said.
While many OEMs have made the decision to discontinue their live-shaft cone crushers, Weir Minerals has resisted this trend, believing that – because every mining and sand and aggregate operation is different – there can’t be a one-size-fits all approach.
Instead, Weir Minerals partners with its customers and empowers them to choose the machine best suited to their crushing needs.
There are some applications and situations where pedestal (fixed-shaft) style crushers may be the more appropriate solution, which is why Weir Minerals continues to manufacture the premium Trio® TP pedestal style machine.
Weir Minerals is the only global equipment manufacturer that offers both the TC live shaft and TP fixed shaft style machines.
‘The combination of the Trio TP and TC fixed and live-shaft cone crushers ensures that Weir Minerals continue to offer their customers the right technology, regardless of their site structure, operating conditions or application,’ Mark Utecht, Weir Minerals’ Director of Comminution Engineering said.
Trio® live- and fixed-shaft cone crushers are made for modern mines and quarries with advanced hydraulics, wear resistant material and the latest technology.
‘This is really exciting for our customers, as they now have a real choice. The combination of our TC and TP series allows us to have an honest conversation with our customers on the options available to them and make a technological recommendation which truly meets their needs,’ Ekkhart Matthies, Weir Minerals’ Global Application Director said.
Replacing existing live-shaft style machines on site with the Trio® TC84XR crusher is now a straightforward process because it has very similar dimensions and is a comparable weight to its live-shaft predecessors. And because it produces the same product, downstream changes aren’t required, which isn’t the case when replacing a live-shaft style machine with a fixed-shaft style machine.
In other words, there is no need to re-design existing circuits.
Technology upgrades
The recent technology upgrades in the Trio® TC84XR crusher have improved its safety, functionality and reliability.
‘At Weir Minerals, we understand and appreciate the important role live-shaft cone crushers play in today’s challenging crushing applications. Combining decades of experience and first-hand customer feedback with innovative designs, the highest quality materials and latest in control technology we believe that our new Trio TC84XR cone crusher is the most reliable and robust live-shaft cone in the market today’ Ekkhart Matthies, Weir Minerals Global Application Director said.
Engineered to perform in the most extreme applications, the Trio® TC84XR crusher is robust and easy to maintain and operate. It reliably delivers high crushing force and high horsepower in primary, crushed ore and quarry rock applications.
The ability of the TC84XR crusher to handle variable feed and crush pebbles is also partly a result of its large motor; it’s been designed with higher power capability than comparable cone crushers. Ultimately, this translates to a higher potential crushing force and therefore increase in production.
Another feature that allows it to handle variable feed, as well as deal with tramp material safely, is the fully-automated tramp-release and setting recovery system. The tramp release hydraulics can also be used to safely clear the crushing chamber should a sudden disruption in plant power cause a shut-down of the cone crusher.
The socket assembly has been redesigned to improve sealing, which has optimised functionality and manufacturability by reducing the machining setups of the socket and seal rings. The Weir Minerals comminution team has also redesigned the countershaft assembly to remove welding and machining, while simultaneously improving venting and the dust seal.
The Trio® TC84XR crusher, like the range of TP series cone crushers, can be fitted with ESCO® wear parts, designed with superior ESCO® alloys, they can be custom designed based on your specific requirements. With over 100 years of casting expertise and in-house engineering and metallurgy, ESCO transforms what was already a robust machine into one that, in the toughest conditions, is unsurpassed.
All Trio® equipment is supported by the Weir Minerals unmatched global service centre network – with over 160 facilities worldwide. Further information can be found at https://info.global.weir/trio

DPWH BBB INFRA PROJECTS, CORNERSTONE OF POST-PANDEMIC ECONOMY
The infrastructure program anchored on the Build Build Build (BBB) initiative still remain among the top economic priorities of the government.
With the Department of Public Works and Highways (DPWH) as one of lead implementing agencies of the BBB Program, Acting Secretary Roger "Oging" Mercado highlighted at the 2021 Philippine Economic Briefing with Foreign Chambers of Commerce held on November 26, 2021 that investments on infrastructure will be the key drivers in bolstering economic development to build a better post-pandemic economy.
Under the leadership of Secretary Mercado, DPWH is committed to further accelerate the implementation of more projects to immediately create jobs, encourage business opportunities for local suppliers and contractors, and increase economic activity.
“We will pursue equitable regional development by pouring investments for better connectivity roads and bridges in the rural areas”, said Secretary Mercado.
During the virtual briefing, Undersecretary and Chief Implementer of the Build Build Build Program Emil K. Sadain provided greater insight of the DPWH flagship projects that are currently moving on the ground or in the pipeline of implementation nationwide, stressing the importance of these game-changing projects to steer and drive economic recovery and key facilitators to balanced development nationwide.
Considering the multiplier effects of infrastructure to primarily fuel and be the cornerstone for growth recovery, local budget appropriations and foreign direct investments in the form of Official Development Assistance from multilateral financial institutions like Asian Development Bank, JICA - Japan International Cooperation Agency, World Bank, and Export-Import Bank of Korea and China aggressively provided support to the priority big-ticket projects with Investment Coordination Committee - Cabinet Committee and National Economic and Development Authority (NEDA) Board approval, said Undersecretary Sadain.
Among the flagship projects are the 30 kilometer (km) Central Luzon Link Expressway (CLLEX) Project - Phase I; widening of 24.61 km Arterial (Plaridel) Bypass Road; improvement and maintenance of 1,088.23 km of arterial national roads under the Road Upgrading and Preservation Project; 45.5 km Davao City Bypass Construction Project including a 2.3 km 2-tube mountain tunnel; Marawi Transcentral Road with completed 18.78 km and on-going 18.97 km; 3.3 km Cebu-Mactan 4th Bridge with 4.9 km Mandaue Coastal Road; 37.60 km Laguna Lakeshore Road Network Project; Improving Growth Corridors in Mindanao Road Sector Project with a total length of 230.22 km including the 540 meter Guicam Bridge in Zamboanga Peninsula and three (3) other bridges with a total length of 1.790 km in the Island Province of Tawi-Tawi; Emergency Assistance for Reconstruction and Recovery of Marawi covering 21.87 km of road including 1.6 km Malabang Viaduct, construction of three (3) bridges along Rorogagus Road, and five (5) other projects; 18.65 km Samar Pacific Coastal Road Project; 1.481 km BGC-Ortigas Center Link Road Project; 21 km Boracay Circumferential Road; 17.35 km Davao City Coastal Road; 2 bridges under Metro Manila Priority Bridges Seismic Improvement Project; 32 km Bataan - Cavite Interlink Bridge; 3 priority bridges with a total length of 2.99 km crossing Marikina River; 3.17 km Panguil Bay Bridge that will reduce travel time between Tubod in Lanao Del Norte and Tangub City in Misamis Occidental from 2.5 hours to just 7 minutes; 32.47 km Panay-Guimaras-Negros Island Bridges Project; 3.98 km Samal Island to Davao City Connector (SIDC) Project; 506 meter Estrella Pantaleon Bridge connecting Makati and Mandaluyong; and Pasig-Marikina River Channel Improvement Project Phase 4.
Flagship infrastructure projects that are vital and have huge impact will see their continued implementation towards the next administration with advanced feasibility studies and other pre-investment activities, detailed engineering designs, government-to-government financing arrangement, and bidding process preparation, added Undersecretary Sadain.
As the country’s engineering and construction arm and despite the challenging circumstance faced with the Covid-19 pandemic, DPWH kept its commitment in the development and implementation of projects with a July 2016 to September 2021 accomplishments all over the country of 31,977 km of roads constructed, maintained, widened, upgraded, and rehabilitated; 6,333 bridges widened, upgraded, rehabilitated, and strengthened; and 12,394 flood mitigation structures.
The Philippine Economic Briefing with the theme, "Reset, Regain, Revitalize: The Philippines' Resurgence as an ASEAN Economic Powerhouse,” aims to update members of foreign chambers on the government’s initiatives to navigate the recovery.
Other speakers who discussed the Philippine economic highlights and their respective agency programs and priorities are Department of Finance (DOF) Secretary Carlos S. Dominguez, Bangko Sentral ng Pilipinas (BSP) Governor Banjamin Diokno, NEDA Secretary Karl Kendrick T. Chua, DTI Philippines Secretary Ramon Lopez, Department of Agriculture - Philippines (DA) Secretary William Dar, and Department of Transportation - Philippines Secretary Arthur Tugade.

DETAILED DESIGN OF 37.60-KM LAGUNA LAKESHORE ROAD NETWORK PROJECT TO START IN DECEMBER
The Department of Public Works and Highways (DPWH) announced the start this December 2021 of the detailed engineering design (D.E.D.) for the proposed Laguna Lakeshore Road Network Project (LLRN).
This after DPWH Acting Secretary Roger "Oging" Mercado with Undersecretary for Unified Project Management Office (UPMO) Operations Emil K. Sadain; UPMO Roads Management Cluster 2 Project Director Sharif Madsmo H. Hasim; and Department Chief Accountant Mary Antoinette Z. Puno signed on November 22, 2021 the Consultant’s Services Contract for the D.E.D. of LLRN Project - Phase 1, a new road network at the western side of the Laguna Lake connecting Lower Bicutan, Taguig City and Calamba City, Laguna with a main alignment of 37.60 kilometers.
This early, the millions of Filipinos are excited to witness and see how this new road project will change lives, said Secretary Mercado.
The parties to the contract agreement to conduct the D.E.D. are Dr. Jovito Santos of Lead Consultant CTI Engineering International (CTII) Co., Ltd.; Junichiro Minobe of Chodai Co., Ltd.; Takashi Sato of Oriental Consultants Global Co., Ltd.; and Tenkoh Yoshida of Nippon Engineering Consultants Co., Ltd with CTII President & CEO Takahiro Mishina and DPWH UPMO Overall Project Manager for Asian Development Bank (ADB) Projects Soledad R. Florencio as witnesses. These companies are first ranked joint venture firm in the procurement on August 25, 2021 of Consultancy Services for the D.E.D..
The ceremonial signing of Consultancy Contract was also attended by Country Director for the Philippines Mr. Kelly Bird and Southeast Asia Project Officer Mr. Shuji Kimura of ADB; LLRN Team Leader Project Manager Zenaida B. Mauhay; Project Manager Sol Abasa; and other officer of Associate Firms Angel Lazaro and Associates International, DCCD Engineering Corporation, TCGI Engineers, and KRC Environmental Services.
According to Undersecretary Sadain - President Rodrigo Roa Duterte’s designated Chief Implementer of Build Build Build (BBB) Program, the start of LLRN D.E.D. is another significant development in one (1) of the Department’s flagship infrastructure projects.
The LLRN Project will strengthen road transport efficiency towards Metro Manila and neighboring regions and will provide added opportunities to stakeholders - more jobs will be created; traffic will be decongested; movement of goods and services will be a lot easier; and so much more benefits, said Undersecretary Sadain.
Under the contract agreement amounting ₱135.485 Million, the D.E.D. will be carried out for 15 months between December 2021 to February 2023.
The D.E.D. will be funded by an additional financing of the ADB’s Infrastructure Preparation and Innovation Facility (IPIF) under loan number 3886-PHI.
Upon strong representation of DPWH-UPMO, LLRN Project was approved by the NEDA ICC - Technical Board on March 17, 2021, and by the NEDA ICC - Cabinet Committee on September 27, 2021. The project was approved by the NEDA Board through an Ad Referendum on October 18, 2021.
The Laguna Lakeshore Road Network Project - Phase I with a main alignment of 37.60 kilometer includes eight (
interchanges in Sucat, Alabang, Tunasan, San Pedro/Binan, Santa Rosa, Cabuyao, and Calamba.
This two-lane primary road consists of 11.80 km viaduct from Lower Bicutan to Muntinlupa, and 25.80 km combination of onshore viaduct and embankment from Muntinlupa to Calamba.
The project will also consider the
planned developments introduced by various local government units along its proposed alignment.
It will feature an additional one (1) lane in each direction from Sucat, Muntinlupa to Sta. Rosa, Laguna; a cycling track and promenade from Tunasan, Muntinlupa to San Pedro, Laguna.

What does ESG mean for the Mining Industry?
In recent years, ESG - environmental, social and governance – has become a major concern in corporate boardrooms: criteria by which strategy is developed and risks are assessed. While the term may be relatively new [having been coined as late as 2005 in a study of the International Finance Corporation (IFC) entitled “Who Cares Wins”], it has always been top of mind in the mining industry even if it has not always used the same terminology. Responsible mining companies have always been concerned about sustainability, care of the environment and working with their host communities towards achieving these goals. ESG now brings together these in a comprehensive framework that can help a mining company navigate and balance the benefits to the planet, people and profit successfully.
ESG is now front and center in the discussion of many boards, even those whose businesses do not generally deal with the environment, as investors are increasingly paying attention to environmental, social and governance-related matters and data. As Forbes Magazine notes, “many investors recognize that ESG information about corporations is vital to understand corporate purpose, strategy and management quality of companies.” Increasingly, transactions are done with an eye on ESG issues. A company’s track record on ESG would certainly influence how it is able to raise funds and attract investments. In this regard, in their quest to improve diversity and broaden their representation, many boards are electing directors whose expertise and experience encompass ESG.
Of course, not all boards have embraced the importance of the ESG framework in their decision-making. In a study conducted by the Harvard Business Review, they classified board attitudes towards ESG into four: “The Deniers”, “The Hardheaded”, “The Superficial”, “The Complacent” and “The True Believers”.
“The Deniers” are those who see sustainability as nothing more than a buzzword or a fad, i.e., sustainability is (at most) a page in the annual report. For “The Hardheaded”, sustainability is a factor affecting their business, but reduce it to strategic reasoning (e.g. how can costs be minimized? are there market opportunities?). “The Superficial” have a shallow understanding of the need for sustainability, including those who implicitly promote greenwashing. “The Complacent” may be early adopters of initiatives like CSR reports, green product lines, or responsible supply chains, but have not kept up-to-date with the latest developments in sustainability, or use past sustainability triumphs to shut down the conversation about sustainability.
Hopefully, responsible mining companies fall into the category of “The True Believers”, for whom the long-term economic viability of their organization is closely linked to, and dependent on, social and environmental responsibility. True believers undertake careful analysis of business benefits and disadvantages with a long-term approach to governance.
With this backdrop, a mining company’s ESG agenda would now include, among many others:
- Environment: biodiversity, ecosystem services, water management, mine waste/tailings, air, noise, energy, climate change (carbon footprint, greenhouse gas), hazardous substances, mine closure
- Social: human rights, land use, resettlement, indigenous people, gender/diversity, labor practices, worker/community health & safety, security, small-scale miners
- Governance: legal & regulatory compliance, ethics, anti-bribery and corruption, transparency.
[Incidentally, at his presentation at the Philippine Mining Club on November 12, Mines & Geosciences Bureau Director Wilfredo G. Moncano announced a forthcoming Department Administrative Order on enhancing biodiversity.]
Many mining companies are already taking steps to assess and improve their ESG performance. Certainly, for companies in the Philippines, there is a long list of laws and regulations to be complied with that would tick all the ESG boxes. However, experts says that the real benefits come when companies move beyond mere compliance and into maximizing the opportunities arising from ESG.
Mining companies also are being encouraged to improve their ESG records by aligning with internationally recognized frameworks (and seeking certification from the relevant body, if applicable):
- UN Guiding Principles on Business and Human Rights
- UN Guiding Principles Reporting Framework
- International Council on Mining and Metals’ 10 Sustainable Development Principles
- Towards Sustainable Mining (championed by the Chamber of Mines of the Philippines)
- Responsible Gold Mining Principles
It is worth noting that in EY’s list of Top 10 Business Risks and Opportunities for mining and metals in 2022, ESG emerged as number one. More than 200 global mining executives were surveyed and named ESG, decarbonization and license to operate as the top three risks/opportunities facing their businesses over the next 12 months.
With ESG at the top of the global business agenda and the intense scrutiny faced by the mining industry in particular, the challenges never cease for mining companies.

Investing in ESG is Good Business for Mining
New mining projects faces relative difficulty in attracting investments because of opposition by host communities and local governments brought about by potential mine accidents, transparency issues, and operations infringing on ancestral and agricultural lands. Regulators often impose huge taxes and environmental users’ fees on new projects, in addition to stiff penalties on erring mining companies involved in violation of safety and environmental laws and regulations.
The industry is currently benefitting from the global objective of lowering carbon emissions to keep the rise in mean temperatures to below 2°C above pre-industrial levels in accordance with the 2015 Paris Agreement and 17 Sustainable Development Goals, which requires the deployment of renewable energy and efficient battery storage. The unprecedented demand for green metals like copper, nickel, lithium, and cobalt needed for energy transition and digital transformation has also paved the way for sustainable investments in mineral projects.
To address these developments, mining companies are now including environmental, social and governance (ESG) and sustainability issues as part of their strategy to improve the reputation of the industry, acquire the consent of stakeholders to operate, and at the same time realize profits from their operations.
According to the Ernst and Young 2022 Report on the Top 10 Business Risks and Opportunities for Mining and Metals, ESG tops the list of risks/opportunities facing mining companies over the next 12 months. The study indicates that shareholder expectations are impacted by numerous challenges, including the mining industry’s contribution to communities, economies, protection of heritage sites, and engagement with indigenous communities.
Shareholders are also concerned with the industry’s role in prioritizing ethical supply chains, with diversity and inclusion also in the spotlight. Lenders and investors are also focusing on mining projects especially those that are vital to the energy transition but these projects need to have a good ESG strategy to become bankable.
The formalization of the requirement for ESG criteria to be incorporated into the financial evaluations of companies started in August 2005 in a conference hosted by The United Nations Global Compact in Switzerland. The financial industry’s recommendations were compiled into a report entitled "Who Cares Wins.”
The report came out with a conclusion that the "endorsing institutions are convinced that a better consideration of environmental, social and governance factors will ultimately contribute to stronger and more resilient investment markets, as well as contribute to the sustainable development of societies.”
In the report, the financial industry called on all sectors of society and business to integrate ESG into their core activities, and investors should "reward well-managed companies" that embrace ESG.
In 2006, a group of large institutional investors under the auspices of the United Nations, collaborated on a process to develop what has become the Principles for Responsible Investment (PRI). Developed "by investors, for investors," the six PRIs aim to contribute to a more sustainable global financial system and in the long term, the interests of the environment and society as a whole. Signatories to the PRI have grown to over 3,000 since its launching.
The World Economic Forum (WEF) also published the Davos Manifesto, which set out a common code of ethics for business leaders. The manifesto was updated at the WEF's Annual Meeting in 2020, which built on the concept of 'stakeholder capitalism' first introduced in the initial manifesto. Stakeholder capitalism recognizes that long-term business value is only created when the interests of all stakeholders -- employees, shareholders, governments, the environment, and society as a whole, are served simultaneously.
What is ESG?
ESG is a set of standards or criteria for a company’s operations that investors now use to screen potential investments. While ESG is spoken about as a single concept, it is an amalgamation of three distinct but clearly overlapping disciplines -- environmental, social, and governance, each with their own knowledge base, areas of focus, and methodologies for approaching problems and solutions.
Environmental criteria consider how a company performs as a steward of nature. The criteria can also be used in evaluating any environmental risks a company might face and how the company is managing those risks. They include a company’s energy use, waste, pollution, hazardous substances, mine waste/tailings, mine closure, natural resource conservation, treatment of animals, biodiversity, ecosystem services, water management, climate change, carbon footprint, and greenhouse gas emission.
Social criteria, on the other hand, examine how a company manages business relationships with employees, suppliers, and customers. Social criteria also look at how the company deals with the communities where it operates and include human rights, land use, resettlement, vulnerable people, gender, diversity, labor practices, worker/community health and safety, security, artisanal miners, and mine closure/after use.
Lastly, governance criteria deal with a company’s leadership, executive pay, audits, accounting systems, internal controls, and shareholder rights. It also includes legal compliance, ethics, anti-bribery and corruption, anti-money laundering, transparency, corporate governance, ethics, compliance, diversity, lobbying, and approach to taxation. Governance also covers how stockholders are allowed to vote on important issues. Investors want assurances that companies avoid conflicts of interest in their choice of board members and don't use political contributions to obtain unduly favorable treatment.
ESG investing is also referred to as sustainable (or responsible) investing, impact investing, or socially responsible investing. Sustainable investing incorporates ESG criteria in the investment decisions of investors in companies, organizations, or funds. These decisions are based on the investor’s real or perceived understanding of the environmental and/or social impacts that will result from their investments in parallel with the expected financial returns. The purpose of directing funds towards investments that are seen as sustainable is to generate measurable environmental and social impacts in addition to financial returns.
Governments and regulators are obviously supportive of ESG criteria. It is for this reason that ESG investing was identified as an investment megatrend. The Covid-19 pandemic also proved to be a positive catalyst for many investment managers to place their money in the accelerating global trend in sustainable investment. This emerging, new normal investment strategy is gaining momentum and the use of ESG criteria is set to be the standard in sustainable investments.
Aside from proposing new standards and frameworks against which investments should be measured using ESG criteria, institutional investors and fund managers have also created investment products that enable investors to put their money into products that meet their ESG performance requirements.
ESG-based investments can offer quick returns. Investors, notably millennials who are the major beneficiaries of the largest intergenerational transfer of an estimated wealth of $30 trillion, have shown interests in putting their money in EGS.
ESG in Mining
Mining has never been regarded as a “green” or sustainable investment, and this stigma has been the main reason for the difficulty in financing large-scale operations. Investor appetite has gone beyond balance sheets and now dwells in the realm of addressing the urgent need to preserve resources for future use of the coming generations. To responsible investors, mining may not be on the top of the list when considering an investment based on their ESG criteria.
Recently, ESG has provided the opportunity for the industry to address the sustainability challenges by laying down a comprehensive framework that stakeholders can use as metrics when considering their involvement in a mining project.
Before risking capital in a project, investors are now looking to consider the ethics, competitive advantage and culture of a mining organization to determine how the company can balance profits and the benefits to the environment. Mining finance transactions have evolved in recent years to integrate ESG and sustainability considerations.
Now, investors, lenders and other stakeholders in the financial industry look into the ESG credentials of mining companies and very few transactions are done without conducting a due diligence of of ESG issues. Failure to address these issues will ultimately reduce access to funding while good ESG equates to more and cheaper funding.
Mining investors, shareholders, as well as financiers across the spectrum —export credit agencies, development finance institutions and commercial lenders — are making sure that borrowers have the appropriate ESG strategy in place for full implementation.
Investors are no longer passive in their sustainability due diligence of mining projects and exerting efforts to obtain more information from other available sources in addition to mandatory disclosures made under existing regulations and codes. Aside from traditional environmental and social reporting covenants, enhanced ESG and sustainability reporting are becoming standard provisions in loan documentation.
Some investors and lenders are requiring that borrowers comply with the lenders’ own internal ESG policy and sustainability reporting requirements. Some mining finance transactions may also require the appointment of a lender to take on an ESG or sustainability coordinator role for the project.
One particular organization, the World Gold Council, is lobbying for insurance providers to become more involved in the ESG movement by requiring mining companies to uphold ESG principles in order to be eligible for insurance policies. In some large mining initial public offerings, investor roadshows have become venues for investors to grill companies of their ESG initiatives in relation to relevant laws and internal reporting.
On the demand side, cautious buying of mineral commodities is now a reality, as socially-responsible customers want to be kept informed about ESG issues of the supplier. End-users not only look into to the ethical production of minerals but also to the supply chain as well.
Stakeholders like government and financial regulators, ESG rating agencies, civil society and advocacy groups, employees, and host communities are increasingly demanding transparency and performance on ESG issues more than ever. ESG factors have also led to a rise in shareholder activism, where existing investors use their shareholding to influence the mining company’s ESG performance.
Non-compliance with ESG regulations and best practices will result in activist shareholder protests and class action suits against the parent companies of global mining groups particularly those operating in developing countries where environmental laws and governance rules are not properly implemented.
ESG Strategy, Mineral Reporting Standards, and Sustainability Reporting Frameworks
As pressure mounts from capital markets and the public, investments with a well-defined ESG strategy are outperforming their peers in the market and experiencing lower levels of volatility. According to a review of companies listed in the S&P 500 undertaken in 2019 by NASDAQ, companies that received high sustainability ratings "exhibited both higher returns and less risk.” On the other hand, companies with poor ESG ratings "showed the opposite results.”
It is thus imperative if not good business practice for mining companies to engage in the preparation and implementation of a clear ESG strategy that will help address investor concerns and promote additional investments. The strategy containing the company’s corporate values and ESG priorities must fully explain how the company complies with both mandatory and voluntary obligations set out in the ESG company policy.
The ESG strategy must also outline the company’s management plans and how it will assist in meeting its key performance indicators in relation to its sustainability goals. Lenders are also prescribing ESG principles to companies for them to receive green loans and sustainability-linked investment facilities, and incentivize the borrower to meet predetermined sustainability targets. Examples of predetermined sustainability targets for mining companies are increased energy efficiency and improved working or social conditions.
Foremost among the inevitable risks that come with poor ESG management record is the loss of the social license to operate. Dissatisfied government and host communities will post obstacles to mine start or expansion by imposing onerous taxation regimes and regulatory obstacles to erring companies.
Examples of ESG management failure range from repeated environmental violations to outright mining disasters resulting from failed tailings disposal systems and environmental pollution. Violation of land access agreements with local governments, landowners, indigenous peoples, and artisanal miners often lead to cancellation of consents and expose the mining companies to additional civil and criminal liability.
Human rights violations, militarization, and poor workplace health and safety conditions will lead to disruption to operations brought about by labor unrest and even heightened insurgency in the mine area. Wasteful utilization of water and energy resources will not only diminish the company’s bottom line but will cause civil unrest in the communities because wastage will disrupt their livelihood.
On the other hand, a well-managed and transparent ESG compliance system will bolster strong relationship with the stakeholders, easy access to financing, good customer relationship, and better management of scarce resources and raw materials, which will enhance the profitability of the mine operations.
Good labor, health, and safety practices and human resources development also minimize employment turnover and enhance company loyalty. There are so many benefits and opportunities for companies with a strong ESG track record that in the long term will enable the company to operate in other mineralized sites because of good social and political risk management.
Even in national mineral reporting codes that set the minimum public reporting standards of exploration results, mineral resources, and mineral reserves, the inclusion of ESG reporting has been gaining traction. Investors rely on these reporting codes before they proceed with their investment decisions.
Prepared for the purpose of informing potential investors and their advisors on the mineral assets of a reporting company, these reporting codes are now including ESG issues as important contributors to modifying factors which can influence the commercial declaration of mineral reserves.
ESG criteria play an important role in determining whether the mineral resources can be capable of being extracted economically. The investors are looking for evidence of how companies integrate ESG considerations into their businesses and this evidence needs to impact all aspects of the business, including geological processes and mining activities.
Sustainability reporting is largely undertaken voluntarily by companies, regardless of their listing status on a stock exchange. Investors obtain ESG information about companies directly through engagement with companies or via information generated by ESG ratings agencies.
The increasing influence of these rating agencies has resulted in ESG becoming a key factor in raising funds from capital markets. Rating agencies base their ratings from aggregated information directly obtained from the mining companies and rely solely on their review of publicly available information.
However, there remain some questions on the ratings given by these agencies because of transparency issues on what they do with the information obtained and how they generate the ratings.
In response to the growing desire to report on their ESG performance, companies have developed a number of reporting frameworks, the objective of which is to provide guidance and metrics to companies who wish to disclose their sustainability performance. Some of the more commonly used frameworks include the Global Reporting Initiative, Sustainability Accounting Standards Board, Carbon Disclosures Project, and Task Force on Climate-related Financial Disclosures.
Critics of sustainability reporting suggest that these reports have done little to improve the actual management of sustainability issues and instead are utilizing company resources that could be better spent managing sustainability issues on the ground. Gaps also remain between society's expectations of mining companies and their performance in respect of ESG issues.
Companies need to be realistic about what they can deliver and build an ESG strategy that can manage stakeholders’ expectation. There is also a call by industry and investors to standardize sustainability reporting metrics.
Conclusion
To achieve a sustainable future, the global economy will rely to a great extent on resources and raw materials to be provided by the mining industry. To achieve this, companies need to take into account ESG and sustainability practices to attract risk capital and make mining projects bankable.
The industry needs to apply ESG criteria from project inception to mine decommissioning, and throughout the supply chain to make its operations efficient, cleaner, and socially responsible. To preserve their license to operate and achieve sustainability, mining companies must also ensure that they have an ESG strategy in place to adhere to relevant laws, comply with regulatory codes, and satisfy all stakeholders.
Fernando “Ronnie” S. Penarroyo specializes in Energy and Resources Law, Project Finance and Business Development. He may be contacted at fspenarroyo@penpalaw.com for any matters or inquiries in relation to the Philippine resources industry and suggested topics for commentaries. Atty. Penarroyo’s commentaries are also archived at his professional blogsite at www.penarroyo.com
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Walker, David, ESG Insights: What does ESG mean for the Mining industry? https://www.slrconsulting.com/news-and-insights/insights/esg-insights-what-does-esg-mean-mining-industry

DPWH WORKING WITH ADB ON IMPROVEMENT OF INFRASTRUCTURE PROJECTS
Photo credit: Department of Public Works and Highways
The Department of Public Works and Highways (DPWH) is working with the Asian Development Bank (ADB) on a goal of achieving sustainable infrastructure development in the Philippines.
DPWH Acting Secretary Roger "Oging" Mercado said that talks with ADB Country Director for the Philippines Mr. Kelly Bird has confirmed the bank’s commitment to provide continuing support to infrastructure development program and help facilitate the economy rebounds from the pandemic by accelerating job generation.
The various on-going and proposals with high-impact potential for possible Official Development Assistance (ODA) in the Philippines were also discussed with the ADB executive by DPWH Undersecretary for Unified Project Management Office (UPMO) Operations Emil K. Sadain also joined at the recent meeting by UPMO Project Directors Sharif Madsmo H. Hasim, Benjamin A. Bautista, and Ramon A. Arriola III.
According to Undersecretary Sadain, President Rodrigo R. Duterte’s designated Chief Implementer of Flagship Projects under Build Build Build (BBB) Program, ADB has been a partner for the BBB initiative including the climate change and disaster risk reduction efforts.
As a host country of its headquarters since it was set up in 1966, ADB remains committed to support the Philippines return to high economic growth this pandemic by ramping up investments in public infrastructure.
On-going projects funded by ADB include the civil works for the P25.26 Billion Improving Growth Corridors in Mindanao Road Sector Project that covers the construction of seven (7) road sub-projects with a total length of 230.22 kilometers including the 540-meter Guicam Bridge in Zamboanga Peninsula and three (3) other bridges with a total length of 1.790 km in the Island Province of Tawi-Tawi.
Under detailed engineering design (D.E.D.) and procurement stages is the ₱6.835 Billion Emergency Assistance for Reconstruction and Recovery of Marawi geared towards inclusive economic growth for Marawi City and its peripheral areas.
The project components are the rehabilitation of existing 5.53 km Transcentral Roads and 4.71 km Mindanao State University Roads; construction of 6.86 km new Transcentral Roads with drainage; construction of 2.4 km Malabang Viaduct and 300 meter Rorogagus Bridge; replacement of three (3) bridges with a total length of 657 meters; three (3) main drainage channels with a total length of 3.49 km; and rehabilitation and slope protection on Marawi Bito Road.
Under D.E.D. stage is the ₱12.028 Billion construction of three (3) priority bridges crossing Marikina River in Metro Manila.
These are the Marcos Highway-St. Mary Bridge (formerly J.P Rizal-St. Mary Bridge), a new 2-lane pre-stressed concrete box girder bridge with a total length of 1,582.6 meters including the main bridge length of 325 meters; Homeowners Drive-A. Bonifacio Ave. Bridge (formerly J.P, Rizal-Lopez Jaena Bridge), a new 2-lane pre-stressed concrete box girder bridge with a total length of 691 meters including the main bridge length of 461,5 meters; and Kabayani-Matandang Balara Bridge (formerly Marikina-Vista Real Bridge), a new 4-lane pre-stressed concrete extradosed bridge with a total length of 723.2 meters including the main bridge length of 364 meters.
ADB has also provided technical assistance for the Infrastructure Preparation and Innovation Facility (IPIF) to deliver more effective and more innovative infrastructure projects. With a completed Feasibility Study under IPIF, D.E.D. is on-going for the proposed ₱175.656 Billion Bataan-Cavite Interlink Bridge connecting Mariveles, Bataan to Naic, Cavite with a total length of 32.15 km.
Other pipeline projects with completed Feasibility Studies financed by ADB include the proposed ₱175.696 Billion Laguna Lakeshore Road Network Project, a 51 km road network along Laguna Lakeshore connecting Lower Bicutan, Taguig City and Calamba City, Laguna; and ₱54 Billion flood risk management for the six (6) major river basins of Apayao-Abulug, Abra, Jalaur, Tagum-Libuganon, Buayan-Malungon, and Agus.
Article courtesy of the Department of Public Works and Highways

Prep works for Metro Manila Subway at Camp Aguinaldo begins
The pre-construction works for the Metro Manila Subway Project (MMSP) at Camp Aguinaldo have officially begun on Thursday through a groundbreaking ceremony.
During the event, Department of Transportation Assistant Secretary Fidel Igmedio Cruz Jr. said the ceremony marked the beginning of the construction of 192 housing units, repair and rehabilitation of Warehouse No. 1 and supply unit, general headquarters and headquarters service command, and construction of the medical gas and manifold vacuum plant housing at Camp Aguinaldo.
These structures and facilities are part of the MMSP’s Advanced Works Package 2 and are meant to replace or improve those affected by Metro Manila Subway in Camp Aguinaldo—where the MMSP’s Katipunan Station will be located.
“This advanced works package will replicate and improve affected DND-AFP structures and facilities with similar specific purposes and functions employing modern design, technology, and materials,” Cruz said.
The project package, he said, was awarded to and will be built by a local contractor, Specified Contractor and Development Incorporated.
“'Yung packages MMSP 102 and 103 are about to complete procurement. That's why ito po 'yung advanced package para ma-clear 'yung right-of-way nung madadaanan ng train (MMSP packages 102 and 103 are about to complete procurement. That’s why this advanced package has commenced so that we can clear the right-of-way for the train service),” Cruz said.
To date, he said the detailed designs for the MMSP are at 60 percent complete while the replication and improvement of affected facilities at the Veterans Memorial Golf Club—where the MMSP’s North Avenue Station will be located—is at 45 percent complete.
In total, he said five DND-AFP properties would be developed to create “convenient access points and multi-modal transport plazas” for five subway stations.
Some stations of the Metro Manila Subway System will rise on government properties, such as Camp Aguinaldo, to ensure that it is accessible to the riding public.
In December last year, DOTr Secretary Arthur Tugade and Defense Secretary Delfin Lorenzana signed a right-of-way usage agreement for the MMSP.
The MMSP is a 33.103-kilometer underground rail system traversing Ugong Valenzuela to the Ninoy Aquino International Airport Terminal 3 and aims to accommodate up to 370,000 passengers per day by its first year of operation.

Ritchie Bros. Japan National Auction to attract buyers in the Philippines
Ritchie Bros. will conduct its largest auction of the year in Japan, selling more than 200+ vehicles, equipment items and trucks at its site in Narita on November 24-25. The Japan National IronPlanet Auction is set to be the largest of the year, with more inventory to be added daily. Day one of the auction (November 24) dedicated to over 140 passenger vehicles while day two (November 25) will focus on trucks and equipment.
“Our Japan auction is a great opportunity for customers in the Philippines to source high quality Japanese equipment from the most trusted name in the equipment business,” said Chris Edwards, Ritchie Bros. Senior Territory Sales Manager for the Philippines. “Day one of the auction will feature 140 vehicles including passenger vans, sedans and utility trucks, and on day two a huge selection of excavators, dozers, and wheel loaders, and dump trucks will go under the hammer.”
"We've seen a steady growth of buyers from the Philippines attending our online auctions in Japan over the last two years, and we expect that trend to continue," said Mr. Edwards. "The majority of used equipment imported into the Philippines comes from Japan because of its convenient proximity and reputation for quality assets. Buyers in the Philippines choose Ritchie Bros. to source their used equipment due to our longstanding reputation in the Philippines as the trusted global marketplace and our commitment to fairness and transparency.”
Specific equipment highlights in the Japan auction include a 2007 Cat 320D, a 2009 & 2008 Cat 311DRR, a 2003 Cat 740 Art Dump Truck, a 2001 Sakai TS160-7 Pneumatic Roller, and a 2011 Kubota R430Z Wheel Loader. Bids can be made online in real time at ironplanet.com. The auction will begin promptly at 8:30 a.m. local Narita time on November 24, 2021.
Chris Edwards, who is based in Manila, was appointed at the beginning of 2021 to accommodate rising demand in the Philippines. “We have returned to the Philippines as the global market appetite for used equipment and machinery has burgeoned over the last two years with no sign of demand slowing down.”
Ritchie Bros. sold more equipment and machinery in 2020 than any other auction company. The Covid-19 pandemic has continued to accelerate acceptance of large-scale online equipment sales and purchases. Since shifting to exclusively online auctions, the market leader has continued to see record-breaking bidder participation, strong buyer demand, and outstanding results for buyers and sellers.
Ritchie Bros. will be conducting the auction through its online auction platform IronPlanet and will be the final auction in Japan for 2021. This is an ideal sale for Philippine buyers to acquire quality used equipment from Japan before the new year. For more information, head to www.ironplanet.com.
For support with registration and bidding, contact Chris Edwards on +63.917.149.8545 or cedwards@ritchiebros.com




















