Korea Mine Rehabilitation & Mineral Resources Corp. (KOMIR) struck an MOU to jointly pursue regional shared growth and ESG management with Hana Bank, the bank said on Oct. 28.
Under the deal, signed on Oct. 27, Hana Bank agreed to offer financial solutions, such as foreign currency services related to KOMIR’s stable supplying and stockpiling of mineral resources as its major creditor bank for the past three years.
In order to expand ESG management, both sides are expected to support urban renewal projects in the former mining areas, promote shared growth by providing patronage to projects to promote the areas, and purse close exchanges in diverse areas, such as the hosting of drives to help the needy in neighborhood districts near mines.
Hana Bank President Park Sung-ho said, “We’ll maintain diverse collaboration projects as a partner to jointly create social values through regional co-coexistence and the jointly spreading of ESG management.”
KOMIR was inaugurated officially as a new entity integrating Korea Mine Reclamation Corp. (MIRECO) and Korea Resources Corp. (KORES).
KOMIR is tasked with supporting the private sector’s resources development and extending resources development funds as well as stockpiling and trading of mineral resources, including supporting mine reclamation and the coal industry, subsidizing coal briquettes for people in the low-income bracket and extending of loans for replacing closed mining areas with alternative industries.
KOMIR is no allowed to make direct investments in overseas resources development projects, but rather it is engaged in expanding the stockpiling of rare metals and strategic mineral resources such as rare earth elements to secure a stable supply chain of core mineral resources, being used as raw materials of the 4th Industrial Revolution.
KOMIR, 1st Public Entity to Obtain Law-Abiding Management System
KOMIR became the first public entity to obtain the law-abiding management system ISO 37301 from Korea Productivity Center Certification Institute.
ISO 37301 is an international standard designed to evaluate compliance plans to prevent in-house legal issues, operation process and procedures, which was established by the International Organization for Standardization (ISO) in 2021.
A whole view of Korea Mine Rehabilitation & Mineral Resources Corp., located in Wonju, Gangwon-do. (Photo: KOMIR)
KOMIR Teams Up with Public & Private Sectors to Restore Habitats for Endangered Species
KOMIR has joined forces with the public and private sectors in creating alternative habitats for species in danger of distinction in the former mining areas where projects to restore damages, caused by mining, were completed.
KOMIR signed an agreement with Wonju Environment District Office and Sampyo to restore habitats for species in danger of distinction and increase population, the corporation said on Oct. 19.
Under the agreement, Wonju Environment District Office will launch projects in which one company will be allowed to restore one endangered species in the former mining areas whose restoration work has been completed.
The parties involved will cooperate in areas such as administrative and technology support for the restoration of habitats for endangered species and creating alternative habitats and continued management to retain and spread the habitat environment.
_한국광해광업공단하나은행.jpg)
_광해광업공단전경02.jpg)
