TIDMCAML
RNS Number : 4999W
Central Asia Metals PLC
26 April 2021
26 April 2021
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Publication of 2020 Sustainability Report
Central Asia Metals plc (AIM: CAML) announces that it has today
published its 2020 Sustainability Report, which covers its
activities for the year ended 31 December 2020, both at Group level
and at the Sasa zinc-lead mine in North Macedonia ('Sasa') and the
Kounrad dump leach, solvent extraction and electro-winning
('SX-EW') copper recovery plant in Kazakhstan ('Kounrad').
The report is available to view on the Company's website at:
https://www.centralasiametals.com/investors/reports-and-presentations/
This is the Company's second Sustainability Report and the first
in accordance with the Global Reporting Initiative ('GRI')
Standards 'Core option'. It covers CAML's approach to transparent
business conduct, maintaining safe operations and healthy working
environments, maximising the value it creates for stakeholders and
its efforts to minimise negative environmental or social
impacts.
Forming the foundation for the 2020 Sustainability Report, CAML
engaged external consultants, ERM, to conduct an independent
stakeholder engagement exercise to verify and assess the relative
importance of material sustainability topics for the Company and
its stakeholders. The report is structured covering these topics
and providing qualitative information and quantitative data on
each.
During 2020, CAML identified four of the 17 UN Sustainable
Development Goals ('SDGs') to which the Company has the capacity to
best contribute and its commitments to the following goals are set
out in the Sustainability Report:
-- No poverty
-- Good health and well-being
-- Quality education
-- Decent work and economic growth
CAML has committed to the following 2021 and/or long-term
targets with a view to maintaining momentum in its sustainability
achievements for the future and will report on its performance in
these key areas in next year's Sustainability Report. Additional
targets will be set going forwards as appropriate. Executive
Director and Senior Management remuneration will reflect
performance against these goals:
-- Zero human rights abuses
-- Zero fatalities
-- Demonstrate a 15% decrease in the lost time injury frequency
rate ('LTIFR') over the last five-year period (2021 LTIFR should be
below 1.16)
-- Implement a three-year collective agreement at Sasa during 2021
-- Ensure during 2021 that all employees are moved onto a
permanent contract after 12 months' employment at Sasa
-- Zero severe or major environmental incidents
-- Zero severe or major community related incidents
-- 0.25% Group revenue committed to social investment
Nigel Robinson, Chief Executive Officer, Commented:
"2020 was a challenging year for CAML, and many global
businesses, as we worked hard to protect the welfare of our
employees and contractors in light of the COVID-19 pandemic, as
well as dealing with the Sasa Tailings Storage Facility 4 ('TSF4')
incident in September 2020.
"However, I believe our overall sustainability performance was
strong and I was particularly pleased that we recorded no lost time
injuries at either operation, demonstrating our commitment to
safety. By the end of 2020, we had removed an estimated 95% of the
spilled TSF4 tailings, whilst working collaboratively with local
and national stakeholders and keeping our shareholders
informed.
"We hired a Group People Manager in 2020 who is helping us to
further develop our employees and HR practices. We continued to
strengthen business governance during the year, which included the
development of a formal Human Rights Policy, and we continued to
support the worthy causes in our local communities, many of which
were COVID-19 related in 2020.
"Sustainability is central to our business and, as a Group, we
appreciate that our stakeholders require clear, balanced and
transparent disclosure on environmental, social and governance
issues. We believe that, in publishing our 2020 Sustainability
Report in accordance with GRI standards, we are demonstrating our
commitment to this standard of reporting going forwards. We welcome
any feedback from our stakeholders. "
For further information contact:
Central Asia Metals Tel: +44 (0) 20 7898 9001
Nigel Robinson, CEO
Gavin Ferrar, CFO
Louise Wrathall, Director of Corporate louise.wrathall@centralasiametals.com
Relations
Peel Hunt (Nominated Advisor and Tel: +44 (0) 20 7418 8900
Joint Broker)
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker) Tel: +44 (0) 20 7236 1010
Thomas Rider
Pascal Lussier Duquette
Blytheweigh (PR Advisors) Tel: +44 (0) 20 7138 3204
Tim Blythe
Megan Ray
Rachael Brooks
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper project in central Kazakhstan
and 100% of the Sasa zinc-lead mine in North Macedonia.
For further information, please visit www.centralasiametals.com
and follow CAML on Twitter at @CamlMetals and on LinkedIn at
Central Asia Metals Plc
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END
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