Placing gender on the mining and metals agenda
With a female representation of only 9% on the boards of the top 30 mining and metals companies by market capitalization, it is clear that there is a long way to go until we reach gender parity.
The gender gap isn’t just a gender issue. It’s a business issue. Women’s advancement and leadership are central to business performance and economic prosperity. Profitability, return on investment and innovation all increase when women are counted among senior leadership.
In the mining industry, a Women in Mining (WIM) UK report found two of the main barriers to women reaching senior positions:
- The small talent pool of women in the pipeline for board membership.
- A lack of sponsorship and role models for women in mining, with about 84% of women surveyed identifying the tendency of women to undervalue or under promote themselves as a barrier to progression and 60% identifying a lack of sponsorship.
Advancing women into leadership: our guiding principles
Achieving greater gender diversity can seem like a vast, insurmountable challenge. Through interviews with leading global mining companies, EY and WIM (UK) have identified seven guiding principles to advance women into leadership across the sector:
- Lead with sponsorship, support with mentoring
- Have leaders lead the program
- Encourage talent at all career stages
- Overcome the geographic disparity roadblock
- Measure the results
- Empower individuals to help themselves
- Keep it low cost
Inspiring woman in mining: Carol Banducci
EVP & CFO of IAMGOLD
Carol Banducci’s extensive finance experience set her up for success to become EVP & CFO of IAMGOLD.
Carol’s career has also been notable for her dedication to helping others in the community. In 2016, she founded the Miner’s Lamp Award, creating a partnership with the University of Toronto’s Department of Psychiatry to raise funds for the detection and early prevention of mental illness in youth and young adults. In 2017 and 2015, she was recognized by the Women’s Executive Network as one of Canada’s 100 Most Powerful Women.
Create your own opportunities, think about what you want and work backwards on the steps you need to take to get there.”
Overcoming barriers for women in mining
Carol Banducci explains how she dealt with career hurdles in the mining sector.
Career advice from Carol
Carol Banducci covers the steps women need to take to advance their careers.
Advice to my 20-year-old self
With hindsight, Carol Banducci discusses what she would tell her younger self.
Inspiring woman in mining: Catherine Gignac
Corporate Director of Cameco Corporation
Catherine Gignac, ICD.D, serves on the boards of several mining companies to help improve corporate governance in the industry and strive towards leading practices in value creation. She has more than 30 years of experience in capital markets and the mining industry.
Catherine chairs the reserve oversight committee of Cameco Corporation, and is a member of the audit and finance, and safety, health and environment committees. She is also chair of the board of Corvus Gold Inc., and serves on its corporate governance, nominating and compensation committees.
Be visible and stand up for your own work. Volunteer for committees, get involved with industry organizations, chair panels, as it will help to raise your visibility in the organization and the sector.”
What diversity brings to a business
Catherine Gignac shares insights into the benefits of employing people from different backgrounds.
How to attract women into senior leadership roles
Catherine Gignac discusses how to enable women to raise their profiles in the mining industry.
Regulations and quotas for women in mining
Catherine Gignac explains the regulations and quotas in place globally, to help advance women in the mining sector.
Inspiring woman in mining: Eira Thomas
A founder & CEO of Lucara Diamond Corp.
Eira Thomas is a Canadian geologist with over 25 years of experience in the Canadian mining business. She is a founder & CEO of Lucara Diamond Corp. She was elected to Suncor’s Board of Directors in April 2006 and is the chair of the Environmental, Health, Safety & Sustainable Development (EHS&SD) Committee and a member of the Human Resources and Compensation Committee.
Eira was honored as one of Canada's Top 40 Under 40 by the Caldwell Partners and Report on Business magazine. In 2007, she was mentioned among Canada's Most Powerful Women: Top 100 list by the Women's Executive Network.
Businesses that can demonstrate diversity are stronger businesses.”
Overcoming barriers for women in mining
Eira Thomas explains how she transitioned from a field geologist to executive roles.
Career advice from Eira
Drawing on her own experience, Eira Thomas discusses how women can advance their careers.
Advice to young graduates
Eira Thomas provides guidance and career advice to young graduates.