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PILOT IMPLEMENTATION OF THE MOLYDENUM MARK, NICKEL MARK AND ZINC MARK
About the Pilot
The Copper Mark is deepening its collaboration with the International Molybdenum Association (IMOA), the International Zinc Association (IZA) and the Nickel Institute (NI) to promote responsible production practices by making its assurance framework available to molybdenum, nickel and zinc producers.
The collaboration makes use of existing standards. It is expected to:
- create efficiencies for multi-metal producers
- reduce administrative burdens
- minimize costs
- provide a mechanism to meet market and regulatory requirements
- increase the percentage of responsibly produced copper, molybdenum, nickel and zinc for customers
The main objective of the pilot is to test the implementation of the Copper Mark assurance framework for nickel, zinc and molybdenum producers. Moreover, the pilot seeks to better understand:
- the application of the multi-metal approach for single and multi-metal producers.
- the extent to which the multi-metal approach supports participants’ ability to meet upcoming regulatory requirements and market expectations.
For any questions, to sign up for the pilot or to receive more information, contact info@coppermark.org
HOW TO JOIN
Producers of molybdenum, nickel or zinc are invited to join the pilot implementation starting 1st November 2022. To receive more information and participate in the pilot, please contact the Copper Mark at info@coppermark.org.
BENEFITS OF PARTICIPATION
Participants in the pilot access the following main benefits:
- Demonstrate leadership and respond to market demand by increasing the availability of responsibly produced nickel, zinc or molybdenum.
- For current Copper Mark participants or users of the Joint Due Diligence Standard: to expand the scope of their participation to include either additional metals or a comprehensive set of sustainability criteria using a single assurance process.
- Opportunity for proactive engagement with the Copper Mark and its partners to ensure the standards and assurance process support participants’ ability to meet regulatory and market demands.
PILOT ACTIVITIES AND TIMELINE
The pilot phase will run from November 2022 to July 2023. Interested sites are asked to work within the following timeframe during the pilot phase and beyond:
31st December 2022 - Signed Letter of Commitment and Producer Agreement
30th June 2023 - Independent Site Assessment Completed
31st December 2024 - Full conformance with the Copper Mark Criteria
COSTS AND RESOURCES
Participation in the pilot is subject to the standard fees applicable to Copper Mark participants, on which detailed information can be found here.
These include:
- Annual fee of participation: paid to the Copper Mark, the annual fee is due at the commencement date and annually thereafter. Interested parties may refer to the Copper Mark fee schedule below:
| The Copper Mark Participant Type | Small Producer Annual Fee | Site Annual Fee* |
| Producer Site: Mining | US$7,000 | US$50,000 |
| Producer Site: Smelting/Refining | US$7,000 | US$25,000 |
| Supply Chain Actor Site | US$1,000 | US$7,000 |
In some cases, the Copper Mark applies discounted fees. Interested parties may contact the Copper Mark for further information in this regard.
- Assessment fees: paid to the selected assessor, the assessment cost is determined by the approved assessor and dependent on the scope of their engagement.
- Internal resource required to implement the Copper Mark: These are expected to vary significantly depending on the type and size of operations as well as any existing third-party assurance or certification the site has already in place. We encourage interested parties to contact us directly for a discussion on the expected scope and level of effort required to implement the pilot.