1
24-003
A Holistic Vision for a Systems Approach to
Resource Governance
H Arvidson
K2fly Ltd., Perth, West Australia
Rondinelli Sousa
K2fly Ltd., Denver, CO
Boz Elloy
K2fly Ltd., Perth West Australia
Nic Pollock
K2fly Ltd., Perth, West Australia
Cesar Carrasco
K2fly Ltd., Denver CO
ABSTRACT
Global public mineral reporting codes have driven strong
governance of public disclosures of minerals information.
Recently, we have seen an increase in disclosure of infor-
mation related to Environmental, Social and Governance
(ESG) issues, and governance of ESG information in
mining companies has arguably reached a similar level of
governance and diligence afforded mineral reporting. We
define Resource Governance as the conjunction of environ-
mental, social and minerals governance. A modern systems
approach to Resource Governance, which combines min-
eral and ESG information, would provide not only report-
ing and governance capability, but also has the potential to
sense/respond, predict, and manage ESG risks.
INTRODUCTION
The intent of this paper is to point out that there is a
plethora of data that exists, is inter-related, is siloed, can
be managed better in a more integrated way and in that
world a company will be able to manage risk, see planning
and operational performance better and as a result be confi-
dently transparent with public disclosures. The intent is not
to focus on sustainability or minerals reporting per se, but
on the vision of value generation that a modern systems
approach offers in this domain.
Public mineral reporting codes around the globe
like S-K 1300 (2021), JORC (2012), SAMREC (2016),
CIM (2014), PERC (2021) and CRIRSCO (2019) have
driven strong governance of public disclosures of miner-
als information and the data that underpins those disclo-
sures. These codes also require companies to disclose ESG
matters that are material to the value proposition of their
projects. In more recent years we have seen an increase in
expectations of transparent public disclosure of informa-
tion related to ESG issues, driven by investors and supply
chains. Governance of these types of information in min-
ing companies has arguably reached the same maturity as
information that supports mineral reporting, which opens
opportunities for a broad-based approach across all these
domains. See Rowland et. al. (2023) for a summary of stan-
dards that relate to ESG reporting.
To further improve ESG and minerals reporting mining
companies must overcome challenges related to disparate
sources and quality of data, large numbers of stakehold-
ers, siloes in the organisation, varying levels of technical
and social competence, and the strength of mechanisms for
business process control including approval of public dis-
closures. These challenges are non-trivial but can be over-
come, and exciting opportunities for improvement realized,
by taking a holistic systems view of “Resource Governance.”
24-003
A Holistic Vision for a Systems Approach to
Resource Governance
H Arvidson
K2fly Ltd., Perth, West Australia
Rondinelli Sousa
K2fly Ltd., Denver, CO
Boz Elloy
K2fly Ltd., Perth West Australia
Nic Pollock
K2fly Ltd., Perth, West Australia
Cesar Carrasco
K2fly Ltd., Denver CO
ABSTRACT
Global public mineral reporting codes have driven strong
governance of public disclosures of minerals information.
Recently, we have seen an increase in disclosure of infor-
mation related to Environmental, Social and Governance
(ESG) issues, and governance of ESG information in
mining companies has arguably reached a similar level of
governance and diligence afforded mineral reporting. We
define Resource Governance as the conjunction of environ-
mental, social and minerals governance. A modern systems
approach to Resource Governance, which combines min-
eral and ESG information, would provide not only report-
ing and governance capability, but also has the potential to
sense/respond, predict, and manage ESG risks.
INTRODUCTION
The intent of this paper is to point out that there is a
plethora of data that exists, is inter-related, is siloed, can
be managed better in a more integrated way and in that
world a company will be able to manage risk, see planning
and operational performance better and as a result be confi-
dently transparent with public disclosures. The intent is not
to focus on sustainability or minerals reporting per se, but
on the vision of value generation that a modern systems
approach offers in this domain.
Public mineral reporting codes around the globe
like S-K 1300 (2021), JORC (2012), SAMREC (2016),
CIM (2014), PERC (2021) and CRIRSCO (2019) have
driven strong governance of public disclosures of miner-
als information and the data that underpins those disclo-
sures. These codes also require companies to disclose ESG
matters that are material to the value proposition of their
projects. In more recent years we have seen an increase in
expectations of transparent public disclosure of informa-
tion related to ESG issues, driven by investors and supply
chains. Governance of these types of information in min-
ing companies has arguably reached the same maturity as
information that supports mineral reporting, which opens
opportunities for a broad-based approach across all these
domains. See Rowland et. al. (2023) for a summary of stan-
dards that relate to ESG reporting.
To further improve ESG and minerals reporting mining
companies must overcome challenges related to disparate
sources and quality of data, large numbers of stakehold-
ers, siloes in the organisation, varying levels of technical
and social competence, and the strength of mechanisms for
business process control including approval of public dis-
closures. These challenges are non-trivial but can be over-
come, and exciting opportunities for improvement realized,
by taking a holistic systems view of “Resource Governance.”