Major Drilling Announces Publication of Sustainability Report
June 26 2023 - 3:30PM
Major Drilling Group International Inc. (“Major Drilling” or the
“Company”) (TSX: MDI), a leading provider of specialized drilling
services to the mining sector, today published its Sustainability
Report covering the reporting period of calendar 2022.
“We’re proud to announce the
publication of our second annual Sustainability Report, showcasing
Major Drilling’s continued dedication to sustainable practices and
responsible operations”, said Denis Larocque, President and CEO of
Major Drilling. “As a leading provider of drilling services for the
mining sector, Major Drilling recognizes the importance of
minimizing its environmental impact while positively contributing
to the communities in which we operate. This Sustainability Report
details our progress on key sustainability areas, including
environmental performance, employee well-being, community
engagement, and ethical business practices.”
2022 Sustainability Report highlights
include:
- 12% intensity reduction in scope 1 & 2 Greenhouse Gas
(“GHG”) emissions.
- Embarked on a global assessment of GHG emissions and will be
working on a roadmap to explore and identify emissions reduction
opportunities.
- Deployment of Solid Removal Centrifuge systems, resulting in
90% water recycling rates.
- Adopted a Biodiversity policy.
- Maintained gender parity on the Board in 2022, with 50% female
representation.
- Enhanced vendor on-boarding through inclusion of human rights
obligations.
- Completed 115,350 “Take 5s”, which is a risk assessment tool
used to identify and control hazards encountered on site and in the
environment where the task is being completed.
The report is available on our website at:
www.majordrilling.com/2022 Sustainability Report
Forward-Looking Statements
This news release includes certain information
that may constitute “forward-looking information” under applicable
Canadian securities legislation. All statements, other than
statements of historical facts, included in this news release that
address future events, developments, or performance that the
Company expects to occur (including management’s expectations
regarding the Company’s objectives, strategies, financial
condition, results of operations, cash flows and businesses) are
forward-looking statements. Forward-looking statements are
typically identified by future or conditional verbs such as
“outlook”, “believe”, “anticipate”, “estimate”, “project”,
“expect”, “intend”, “plan”, and terms and expressions of similar
import. All forward-looking information in this news release is
qualified by this cautionary note.
Forward-looking information is necessarily based
upon various estimates and assumptions including, without
limitation, the expectations and beliefs of management related to
the factors set forth below. While these factors and assumptions
are considered reasonable by the Company 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 forward-looking statements are subject to a
number of risks and uncertainties that include, but are not limited
to: the level of activity in the mining industry and the demand for
the Company’s services; competitive pressures; global and local
political and economic environments and conditions; the level of
funding for the Company’s clients (particularly for junior mining
companies); exposure to currency movements (which can affect the
Company’s revenue in Canadian dollars); the integration of business
acquisitions and the realization of the intended benefits of such
acquisitions; efficient management of the Company’s growth;
currency restrictions; safety of the Company’s workforce; risks and
uncertainties relating to climate change and natural disaster; the
Company’s dependence on key customers; the geographic distribution
of the Company’s operations; the impact of operational changes;
changes in jurisdictions in which the Company operates (including
changes in regulation); failure by counterparties to fulfill
contractual obligations; disease outbreak; as well as other risk
factors described under “General Risks and Uncertainties” in the
Company’s MD&A for the year ended April 30, 2023, available on
the SEDAR website at www.sedar.com. Should one or more risk,
uncertainty, contingency, or other factor materialize or should any
factor or assumption prove incorrect, actual results could vary
materially from those expressed or implied in the forward-looking
information.
Forward-looking statements made in this document
are made as of the date of this document and the Company disclaims
any intention and assumes no obligation to update any
forward-looking statement, even if new information becomes
available, as a result of future events, or for any other reasons,
except as required by applicable securities laws.
About Major Drilling
Major Drilling Group International Inc. is one
of the world’s largest drilling services companies primarily
serving the mining industry. Established in 1980, Major Drilling
has over 1,000 years of combined experience and expertise within
its management team alone. The Company maintains field operations
and offices in Canada, the United States, Mexico, South America,
Asia, Africa, and Australia. Major Drilling provides a complete
suite of drilling services including surface and underground
coring, directional, reverse circulation, sonic, geotechnical,
environmental, water-well, coal-bed methane, shallow gas,
underground percussive/longhole drilling, surface drill and blast,
and a variety of mine services.
For further information:Ian Ross, Chief
Financial OfficerTel: (506)
857-8636ir@majordrilling.com
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