Can We Alleviate the NIMBY Effect in Mining?

Given the resistance of local communities to mineral extraction (“Not in My Back Yard” NIMBY), the energy transition and the new global economic model, which presupposes a sharp increase in the production of mineral raw materials, represent an opportunity for new approaches to mining. Considering that greenfield mines take years to be licensed and developed, the new attitudes should include the support and launch of policies and regulations that can enhance the growth of mining, realistic acceptance by non-governmental organisations (NGOs) that everything supporting our current way of life comes from Mother Earth, and responsible and fair treatment of local communities (systematic information from day one, strengthening community partnerships, granting offset benefits, etc.). Thus, BULGCOLD Inc. (TSXV: ZLTO) and its subsidiary, Stredne Slovensko s.r.o., which explores for metals in Bulgaria and Slovakia, are committed to having the Social License to Operate at the heart of their sustainable operations to alleviate the NIMBY effect.