Sierra Rutile’s recycled metal boosts community development
Sierra Rutile has hit upon an ingenious way to raise environmental awareness and contribute to local community development by capitalising on the growing global market for scrap metals and transforming scrap into cash.
With high demand for recovered metals from countries like China and India, scrap metal is big business. One recent analysis of the industry predicted the worldwide market for steel scrap alone would reach 761 million tons by 2018.
Sierra Rutile generates large quantities of scrap metal each year and has accumulated several tons over the years. Instead of allowing it to become an eyesore and an environmental blight, the company saw an opportunity to realise its worth and use it to fund community projects.
Earlier this year, Sierra Rutile’s Community Affairs Department held a community and stakeholder consultation on the subject, subsequent to which a Metal Recycling Committee was formed, made up of Paramount Chiefs from mining affected Chiefdoms and other significant community representatives.
The Metal Recycling Committee is responsible for turning Sierra Rutile’s scrap metal into money. It handles all sales and ensures that proceeds are divided amongst community groups, including youth and women’s groups and used to fund community projects. In the last two months the Committee has already raised Le100 million for community development purposes.
Mr. Prince Cotay, Sierra Rutile’s CAD Manager, says of the initiative: “Sierra Rutile’s scrap metal has turned into a win-win for the company and the community. By donating our scrap metal to the Metal Recycling Committee, we are helping conserve the world’s natural resources and contributing to local development projects.”
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