In present world of globalization, no business can achieve the desired business results without ensuring economic, social and environment sustainability. However, unlike other industries that have choice of locating their projects at any geographical location suitable to them, mining industry inevitably has to be where the minerals occur. Therefore, the challenge of following sustainability principles gets significantly magnified. This challenge gets further compounded by the fact that most of the minerals are in forest, backward and tribal areas – where economic, social and other infrastructures are conspicuous by their absence. In such settings, mining industry has to take care of many diverse and compelling issues right from conservation of biodiversity, wildlife, environment, etc.
Mining industry now is resolutely marching towards sustainable mining while performing its dual role of meeting the domestic demand of raw materials as well as of increasing its contribution in the international market. It is striving hard to acquire the capability to deliver sustainable and responsible economic growth through R&D; productivity enhancement; improved technology and conservation strategies. The voluntary CSR and community welfare initiatives undertaken by the industry along with the Health & Safety of the stakeholders is well recognized.
In order to motivate and recognize the efforts of mining industry for having addressed these multi-dimensional issues in an exemplary manner, FIMI has instituted FIMI’s Awards Scheme. There are nine awards in four categories, viz. awards of Excellence, Environment, Health & Safety and Social Awareness which are given annually. Each award carries a trophy and a certificate.