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The report argues that the IDC's investment in MC Mining demonstrates a continued funding of unsustainable, climate-risky projects and highlights critical failures in the IDC's Responsible Investment Policy and due diligence processes. It details the environmental and social risks associated with MC Mining's operations in the Soutpansberg area, including threats to the Mapungubwe World Heritage Site and the Vhembe Biosphere Reserve. The document concludes that the IDC's lack of transparency and failure to integrate sustainability and human rights standards into its decision-making expose public funds to significant risks and undermine South Africa's climate goals.

The report examines the five-year campaign by the Save Mapungubwe Coalition to protect the Mapungubwe World Heritage Site from the Vele Colliery project operated by Coal of Africa (CoAL). It analyzes three primary engagement strategies: strategic litigation to challenge mining licenses, bilateral negotiations to establish best-practice environmental standards, and multilateral participation in the Vele Colliery Environmental Management Committee (EMC). The document concludes that while litigation and negotiations have limitations, they provide essential leverage, and that inclusive multi-stakeholder governance via EMCs can effectively monitor corporate compliance. It also highlights the correlation between CoAL's non-compliance with environmental laws and the decline of its JSE share price.