Trevali Mining Corporation issues 2019 sustainability report
The report estab...
Vancouver, Canada-based base metal mining firm Trevali Mining Corporation has announced the release of its 2019 sustainability report.
The report established new performance targets and disclosed the performance of the company, which operates globally. The majority of its revenue comes from three operational assets - Perkoa Mine in Burkina Faso, Rosh Pinah Mine in Namibia and Santander Mine in Peru - though it also owns mines in New Brunswick and Manitoba in Canada.
“Our second annual Sustainability Report marks another great milestone bringing us one step closer to fulfilling our purpose to become the world’s most sustainable underground mining company,” said Ricus Grimbeek, President and CEO, in a press release. “We were able to make significant progress in sustainability in 2019, while simultaneously achieving record metal production. We will continue to develop and adopt innovative practices, utilizing technology, which achieves net-positive outcomes for society and the natural environment, while delivering value to our shareholders.”
The company said it believed that metals critical to the world’s low carbon transition, such as zinc, lead and silver, needed to be mined sustainably - from both a social and environmental point of view. Such metals have uses in, for instance, batteries for renewable energy.
“In 2019, the HSEC Committee and the management team worked to revise the Company’s Standards for Community, Environment, Safety, Health, Security, Dams and Risk, to align them with the ‘Towards Sustainable Mining’ Protocols set by the Mining Association of Canada. The timely adoption of these Standards and practices have helped the company to ensure that its workforce and local communities are able to sustainably manage the ongoing risks posed by COVID-19,” said Richard Williams, Chair of Trevali’s Health, Safety, Environment and Community Committee.
Key achievements included a 47% reduction in injury frequency compared to the previous year, the setting of a 30% female senior leadership target and a greenhouse gas target to reduce emissions by 25% by 2025.
De Beers passes Newmont to lead ESG ranking of global miners
The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top environmental, social and governance (ESG) performers. But that’s what the latest industry survey revealed.
De Beers scored the highest in London-based Alva’s quarterly rating of ESG perceptions this week gleaned from publicly available content from social media to NGO research. The unit of Anglo American Plc snagged the top spot in the first quarter from gold heavyweight Newmont due to an increased focus on equality and sustainability.
The report showed the mining industry as a whole lifted its ESG rating amid a string of greenhouse-gas pledges, which offset water management and waste concerns. Companies around the world, particularly raw-material producers, are stepping up sustainability efforts amid heightened scrutiny by the general public and investors. ESG and value-focused exchange-traded funds recorded net inflows of $89 billion in 2020, almost three times 2019 levels, according to Bloomberg Intelligence.
Sibanye Stillwater Ltd. scored the second-highest in Alva’s ratings report and showed the biggest improvement from the previous quarter due to its partnership with Johnson Matthey Plc to find more efficient uses of critical metals used in batteries.
Vale SA scored the lowest ESG rating despite reaching a settlement with Brazilian authorities over a 2019 dam disaster. Vale’s result “is a combination of greater visibility around the original negative story and then dissenting voices on the settlement itself,” said Alastair Pickering, co-founder and chief strategy officer at Alva.