Trevali Reports 2019 Sustainability Performance
May 28 2020 - 8:00AM
Trevali Mining Corporation (“Trevali” or the “Company”)
(TSX: TV, BVL: TV) announced today that it has issued its
2019 Sustainability Report, covering new performance targets and
disclosures.
“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. “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.”
Trevali believes that metals critical for the
world’s transition to a low carbon world need to be mined
responsibly. Zinc, lead, and silver are used in low carbon
technologies, which enable the transition to electric vehicles and
renewable energy. The Company mines these metals in a socially and
environmentally responsible way, which mitigates risks and
therefore protects the value of the business for shareholders over
the long-term.
“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.
2019 SUSTAINABILITY PERFORMANCE
INCLUDED:
- Achieved a 47% reduction in Total
Recordable Injury Frequency in 2018 compared to 2019 (TRIF: 6.9).
This was due to the renewed focus on monitoring the effectiveness
of controls around safety risks.
- Set a diversity target for 30% of
all senior leadership positions and independent director seats on
the Trevali Board to be filled by women. The Company’s Diversity
Policy was updated to include specific recruitment actions that
will mitigate bias and encourage broader forms of diversity.
- Spent US$134.3 million with local
suppliers and 97% of Trevali’s workforce is drawn from the country
of operation.
- Set a greenhouse gas target to
reduce 25% of the Company’s absolute emissions by 2025, from a 2018
baseline (131,809tCO2e). Projects identified reduce our energy
costs and aim to provide co-benefits to local communities.
- Established a Climate Change Action
Plan and completed the Company’s first Task Force on
Climate-related Financial Disclosures reporting.
- Completed a physical impacts of
climate-change risk assessment at Rosh Pinah, which informed the
design of the RP2.0 expansion study to be resilient to changes in
water availability and hot days.
- Set a water target to achieve an
11.4% reduction in the amount of clean water that is made dirty at
the operations by 2025, from a 2019 baseline. This reduces costs
and builds trust with local communities.
- Defined Trigger, Action, Response
Plans for the Perkoa operation in Burkina Faso and 100% of the
Company’s employees and independent third-party security
contractors have been trained in the Voluntary Principles on
Security and Human Rights.
- Completed independent reviews at
all eight of the Company’s tailings storage facilities, which
confirmed that they are stable, with improvement actions being
undertaken to achieve alignment with the Canadian Dam Association
classifications.
Trevali’s 2019 Sustainability Report can be
found at www.trevali.com.
ABOUT TREVALI
Trevali is a global base-metals mining company,
headquartered in Vancouver, Canada. The bulk of Trevali’s revenue
is generated from base-metals mining at its three operational
assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned
Rosh Pinah Mine in Namibia, and the wholly-owned Santander Mine in
Peru. In addition, Trevali owns the Caribou Mine, Halfmile and
Stratmat Properties and the Restigouche Deposit in New Brunswick,
Canada, and the past-producing Ruttan Mine in northern Manitoba,
Canada. Trevali also owns an effective 44%-interest in the Gergarub
Project in Namibia, as well as an option to acquire a 100% interest
in the Heath Steele deposit located in New Brunswick, Canada.
The shares of Trevali are listed on the TSX
(symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange
(symbol TV), and the Frankfurt Exchange (symbol 4TI). For further
details on Trevali, readers are referred to the Company’s website
(www.trevali.com) and to Canadian regulatory filings on SEDAR at
www.sedar.com.
Investor Relations
Contact:Brendan Creaney – Vice President, Investor
RelationsEmail: bcreaney@trevali.comPhone: +1 (778) 655-6070
Cautionary Note Regarding
Forward-Looking Information and Statements
This news release contains “forward-looking
information” within the meaning of Canadian securities legislation
and “forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively, “forward-looking statements”). Forward-looking
statements are based on the beliefs, expectations and opinions of
management of the Company as of the date the statement are
published, and the Company assumes no obligation to update any
forward-looking statement, except as required by law.
Forward-looking statements relate to future events or future
performance and reflect management’s expectations or beliefs
regarding future events including, but not limited to, statements
with respect to the Company’s operations, including the impact on
the COVID-19 pandemic, the Company’s growth strategies and planned
development activities and achievement of the objectives stated in
the 2019 sustainability report. By their very nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements, including,
without limitation, the various risks and uncertainties that are
more fully described in the Company’s most recent annual
information form filed and available for review under the Company’s
profile on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. Trevali provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events may differ from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
Source: Trevali Mining Corporation
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