TIDMCAML
RNS Number : 3580K
Central Asia Metals PLC
05 May 2022
5 May 2022
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Publication of 2021 Sustainability Report
Central Asia Metals plc (AIM: CAML) announces that it has today
published its 2021 Sustainability Report, which covers its approach
and activities for the year ended 31 December 2021, 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 third Sustainability Report and the second
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, and its efforts to minimise negative environmental or
social impacts.
The document details the Company's reporting efforts towards
Task Force on Climate-Related Financial Disclosures ('TCFD'),
including its Climate Change Strategy, developed during 2021. CAML
has committed to a 50% reduction in its greenhouse gas ('GHG')
emissions by 2030 versus a 2020 base, and to achieving net zero by
2050.
CAML has committed to the following specific 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:
Delivering value through * Zero human rights abuses
stewardship
Maintaining health and
safety * Zero fatalities
* Improve Group lost time injury frequency rate
('LTIFR') versus 2021 (1.69)
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Focusing on our people
* Maintain 99% local employment across both operations
* 20% female interviewees for each eligible role from
2023 onwards
* 25% increase in Group female employees by end 2025
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Caring for the environment
* Zero severe or major environmental incidents
* 50% reduction in Group GHG emissions by 2030 and net
zero by 2050
* 75% reduction in surface water abstraction at Sasa by
end 2026
* 70% of tailings to be stored in a more
environmentally responsible manner (paste backfill
and dry stack tailings) by end 2026
* Report Scope 3 emissions in 2024
* Report to Global Industry Standard on Tailings
Management ('GISTM') in 2024
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Unlocking value for our
communities * Zero severe or major community-related incidents
* Increase level of community support to an annualised
average of 0.5% of Group gross revenue (up from
0.25%)
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Nigel Robinson, Chief Executive Officer, commented:
"2021 was a year of record financial performance for CAML, as a
result of solid production and strong demand for our base metals.
This enabled us to generate value for all our stakeholders
including our employees, local communities, governments and
suppliers, as well as our shareholders.
"I was very pleased with the work carried out in 2021 to develop
our Climate Change Strategy, enabling us to commit to a 50%
reduction in GHG emissions by 2030 and a 2050 net zero target, as
well as to commence reporting towards TCFD. During 2022, we will
undertake climate change scenario analysis and, in 2023, we will
start to calculate Scope 3 emissions. The Sasa Cut and Fill
Project-related technical studies that were undertaken during 2021
have enabled us to set surface water withdrawal reduction and waste
storage improvement targets for the mine over the long term.
"While we recorded four lost time injuries at Sasa, lessons have
been learnt and we have now hired a new Group Health and Safety
Manager, who brings a wealth of industry experience and will assist
us in our ultimate goal of achieving zero harm.
"During the year, we have further strengthened our governance
protocol in the areas of human rights and anti-bribery and
corruption, with a particular focus on enhancing our supplier
agreements, assessment procedures and support in this regard.
"During 2021, we formed diversity and inclusion committees at
both of our sites and, in 2022, we will action ideas raised in
these sessions. As a result of this initiative, we have been able
to begin to set ourselves specific targets to improve gender
equality.
"We continued to enjoy strong community relationships at Kounrad
and Sasa during 2021 and were delighted to complete the development
of the Youth Park along the banks of the river in Makedonska
Kamenica, close to the Sasa operation. A 2021 highlight for me has
been seeing this new recreation area enjoyed by so many of our
neighbours.
"During 2021, we fulfilled our purpose to produce base metals,
which are essential for modern living, profitably in a safe and
sustainable environment for all our stakeholders. We strive to
further improve our sustainability performance and, as ever, would
welcome feedback on this report from any of 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
BlytheR ay (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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