The First Carbon Neutral Mining Company in the World – Staten Island Trading
Staten Island Trading, a South African (BEE) alluvial diamond mining company aims to become the first carbon neutral mining holding company worldwide, an ambitious challenge for not only itself, but for all in the mining industry. When asked what this actually means, the company’s CEO, Navin Naidoo says, “We will endeavour to become the first carbon neutral mining company, if we are not the first, we hope to inspire other companies to follow suit regardless.”
The huge amount of energy expenditure in the mining industry means that this is by no means a small challenge. Investing, funding and the promotion of social development projects, environmental projects, energy conservation projects and renewable energy projects will enable the company to offset carbon emissions and grid electricity usage at its flagship investment, Mat Roux and Sons Diamond Mining. The mine, on the farm “Elandsputte”, is run and co-owned by Mat Roux and Daan Roux. An old cattle trough on site is the first place where an alluvial diamond was found in the then Western Transvaal. A plaque declaring the site a National Monument is testimony to its historical significance in the industry.
National Monument plaque
“Even though the area has been mined extensively since the 1920’s, there are still phenomenal reserves attested to in reliable, albeit old geological surveys. The resurgence of actattests to the renewed interest in that area of the country.” is all that is said of the mining operation by Naidoo before reverting to the all interesting carbon neutral mining concept. We hope to ultimately invest in projects that provide a greater good than any damage we do in our mining projects. He freely admits that it will be expensive, but firmly believes that most prospective diamond buyers of the future will have a social conscience and will seek out his company’s products because of its social and environmental commitments.
The company has consulted with several project development specialists in the fields of renewable energy and alternative energy sources. It has already invested in plasma technology projects and is considering a commercial bio-diesel project to supply mining diesel. Non-mining projects include a joint venture with two other companies to clear invader wood species for use as furniture with arrangements underway to invest in natural bushland in select biospheres as a means of offsetting some of the companies intended and current energy usage. “We hope to achieve a negative carbon imprint by 2018 and will be looking at numerous projects outside of mining to achieve this. “The investment in plasma technology has always had alternative energy generation as its primary objective, but has numerous other environmentally beneficial applications. The company intends listing all ancillary projects on its website in a bid to induce others to adopt a similar enviro-protective approach to mining and industry.