TORONTO, July 10,
2023 /CNW/ - (TSX: LUN); (Nasdaq Stockholm:
LUMI) Lundin Mining Corporation ("Lundin Mining" or the
"Company") is pleased to announce publication of its 2022
Sustainability Report (the "Report").
"Our 2022 Sustainability Report highlights many examples of
the meaningful work we are undertaking to ensure Lundin Mining
continues to exceed the evolving demands of our business and
stakeholder expectations while supplying the world with metals
vital to a low carbon future," said Lundin Mining's Chief
Executive Officer, Peter Rockandel.
"We are especially proud of our Candelaria operation for being
awarded The Copper Mark™ certification, a voluntary program that
recognizes copper producers for their demonstrated commitment to
responsible operating practices, following an extensive assessment
process in 2022."
"Our operations continue to make great progress in the
implementation of our Focused on the Future sustainability
strategy. A great example of this was the finalization in 2022 of
site-specific roadmaps to achieve our interim decarbonization
target of a 35% reduction in Scope 1 and Scope 2 emissions by
2030," commented Kristen
Mariuzza, Senior Vice President, Sustainability, Health
& Safety. "We are also very excited about the level of
engagement and accelerated rollout of Fatal Risk Management (FRM)
across our organization. FRM is an industry-leading
fatality-prevention program that focuses on the fatal risks present
in mining. By recognizing the fatal risks, implementing critical
controls and workplace planning that integrates FRM into everything
we do, we are on the path to our commitment of Zero Harm."
Lundin Mining has been reporting on the safety, environmental,
social, governance and economic issues that are of greatest
interest to communities near its operations, employees, investors
and other stakeholders in a comprehensive, standalone document
since 2010. The 2022 Sustainability Report has been prepared in
accordance with the Global Reporting Initiative ("GRI") Standards
plus the Mining & Metals Sector Supplement. The Report is
available on Lundin Mining's website (lundinmining.com).
2022 Highlights Include:
- Focused on the Future sustainability strategy further
embedded into our annual planning process with the integration of
initiatives and targets
- finalization of site-specific roadmaps to achieve the interim
decarbonization target of a company-wide 35% reduction in Scope 1
and Scope 2 (market-based) emissions by 2030
- completion of a screening-level estimate of Scope 3 GHG
emissions, enabling focused efforts on future inventory development
and engagement with value chain partners
- launch and accelerated rollout of Fatal Risk Management (FRM),
an industry-leading fatality-prevention program that focuses on the
18 fatal risks present in mining, and increased commitment to
in-the-field Visible Felt Leadership (VFL) with over 350
supervisors and leaders trained
- The Copper MarkTM certification at Candelaria in
2023. The operation was the first mine site in the Atacama region,
awarded The Copper Mark™ certification in early 2023, following
site assessment in 2022
- progressed implementation of the Global Industry Standard on
Tailings Management (GISTM) with the aim of full implementation of
the Standard over the next three years
- set key goals of Corporate Social Performance Strategy to guide
activities and achieve site objectives over next three to five
years in support of 2030 targets
- incorporated Social License to Operate (SLO) index into
performance scorecards and senior management discussions at
Zinkgruvan, Candelaria, and Chapada operations to enhance
understanding of the level of trust and acceptance towards our
activities
- improved diversity and inclusion with females representing 16%
of our global employee workforce and significantly higher
representation at our Eagle and Zinkgruvan mines, Josemaría project
and in our corporate and exploration teams. At year-end 2022,
composition of the Company's Board of Directors was 38% women and
the executive team was 30%
- advanced implementation of our Global Business Partner
Onboarding program to further due diligence process of partners
related to our Code of Conduct, Ethical Values, Anti-Corruption and
adherence to our Responsible Mining Policy
- completed the first phase of our Operational Business
Intelligence Program, to support accurate, integrated and reliable
reporting and analytics across the organization
Lundin Mining has filed its 2022 ESTMA Report which can be found
on the Company's website (lundinmining.com).
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
gold and nickel.
The information in this release is subject to the disclosure
requirements of Lundin Mining under the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact persons set out below on July
10, 2023 at 14:00 Eastern
Time.
Cautionary Statement on
Forward-Looking Information
Certain of the statements made and information contained
herein is "forward-looking information" within the meaning of
applicable Canadian securities laws. All statements other than
statements of historical facts included in this document constitute
forward-looking information, including but not limited to
statements regarding the Company's plans, prospects and business
strategies; the Company's guidance on the timing and amount of
future production and its expectations regarding the results of
operations; expected costs; permitting requirements and timelines;
timing and possible outcome of pending litigation; the results of
any Preliminary Economic Assessment, Feasibility Study, or Mineral
Resource and Mineral Reserve estimations, life of mine estimates,
and mine and mine closure plans; anticipated market prices of
metals, currency exchange rates, and interest rates; the
development and implementation of the Company's Responsible Mining
Management System; the Company's ability to comply with contractual
and permitting or other regulatory requirements; anticipated
exploration and development activities at the Company's projects;
expectations and ability to complete the Caserones transaction; the
Company's integration of acquisitions and any anticipated benefits
thereof, including the Caserones transaction; and expectations for
other economic, business, and/or competitive factors. Words such as
"believe", "expect", "anticipate", "contemplate", "target", "plan",
"goal", "aim", "intend", "continue", "budget", "estimate", "may",
"will", "can", "could", "should", "schedule" and similar
expressions identify forward-looking statements.
Forward-looking information is necessarily based upon various
estimates and assumptions including, without limitation, the
expectations and beliefs of management, including that the Company
can access financing, appropriate equipment and sufficient labour;
assumed and future price of copper, nickel, zinc, gold and other
metals; anticipated costs; ability to achieve goals; the prompt and
effective integration of acquisitions; that the political
environment in which the Company operates will continue to support
the development and operation of mining projects; and assumptions
related to the factors set forth below. While these factors and
assumptions are considered reasonable by Lundin Mining as at the
date of this document in light of management's experience and
perception of current conditions and expected developments, these
statements are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking statements and undue reliance
should not be placed on such statements and information. Such
factors include, but are not limited to: global financial
conditions, market volatility and inflation, including pricing and
availability of key supplies and services; risks inherent in mining
including but not limited to risks to the environment, industrial
accidents, catastrophic equipment failures, unusual or unexpected
geological formations or unstable ground conditions, and natural
phenomena such as earthquakes, flooding or unusually severe
weather; uninsurable risks; project financing risks, liquidity
risks and limited financial resources; volatility and fluctuations
in metal and commodity demand and prices; delays or the inability
to obtain, retain or comply with permits; significant reliance on a
single asset; reputation risks related to negative publicity with
respect to the Company or the mining industry in general; health
and safety risks; risks relating to the development of the
Josemaria Project; inability to attract and retain highly skilled
employees; risks associated with climate change; compliance with
environmental, health and safety laws and regulations; unavailable
or inaccessible infrastructure, infrastructure failures, and risks
related to ageing infrastructure; risks inherent in and/or
associated with operating in foreign countries and emerging
markets, including with respect to foreign exchange and capital
controls; economic, political and social instability and mining
regime changes in the Company's operating jurisdictions, including
but not limited to those related to permitting and approvals,
environmental and tailings management, labour, trade relations, and
transportation; risks relating to indebtedness; the inability to
effectively compete in the industry; the inability to currently
control the Caserones mine and the ability to satisfy the
conditions and consummate the Caserones transaction on the proposed
terms and expected schedule; risks associated with acquisitions and
related integration efforts, including the ability to achieve
anticipated benefits, unanticipated difficulties or expenditures
relating to integration and diversion of management time on
integration; changing taxation regimes; risks related to mine
closure activities, reclamation obligations, environmental
liabilities and closed and historical sites; reliance on key
personnel and reporting and oversight systems, as well as third
parties and consultants in foreign jurisdictions; information
technology and cybersecurity risks; risks associated with the
estimation of Mineral Resources and Mineral Reserves and the
geology, grade and continuity of mineral deposits including but not
limited to models relating thereto; actual ore mined and/or metal
recoveries varying from Mineral Resource and Mineral Reserve
estimates, estimates of grade, tonnage, dilution, mine plans and
metallurgical and other characteristics; ore processing efficiency;
community and stakeholder opposition; financial projections,
including estimates of future expenditures and cash costs, and
estimates of future production may not be reliable; enforcing legal
rights in foreign jurisdictions; environmental and regulatory risks
associated with the structural stability of waste rock dumps or
tailings storage facilities; activist shareholders and proxy
solicitation matters; risks relating to dilution; regulatory
investigations, enforcement, sanctions and/or related or other
litigation; risks relating to payment of dividends; counterparty
and customer concentration risks; the estimation of asset carrying
values; risks associated with the use of derivatives; relationships
with employees and contractors, and the potential for and effects
of labour disputes or other unanticipated difficulties with or
shortages of labour or interruptions in production; conflicts of
interest; existence of a significant shareholder; exchange rate
fluctuations; challenges or defects in title; internal controls;
compliance with foreign laws; potential for the allegation of
fraud and corruption involving the Company, its
customers, suppliers or employees, or the allegation of improper or
discriminatory employment practices, or human rights violations;
the threat associated with outbreaks of viruses and infectious
diseases; risks relating to minor elements contained in concentrate
products; and other risks and uncertainties, including but not
limited to those described in the "Risk and Uncertainties" section
of the Company's Annual Information Form and the "Managing Risks"
section of the Company's MD&A for the year ended December 31, 2022, which are available on SEDAR
at www.sedar.com under the Company's profile.
All of the forward-looking statements made in this document
are qualified by these cautionary statements. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, forecast or intended
and readers are cautioned that the foregoing list is not exhaustive
of all factors and assumptions which may have been used. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking information.
Accordingly, there can be no assurance that forward-looking
information will prove to be accurate and forward-looking
information is not a guarantee of future performance. Readers are
advised not to place undue reliance on forward-looking information.
The forward-looking information contained herein speaks only as of
the date of this document. The Company disclaims any intention or
obligation to update or revise forward–looking information or to
explain any material difference between such and subsequent actual
events, except as required by applicable law.
SOURCE Lundin Mining Corporation