TIDMCEY
RNS Number : 4158J
Centamin PLC
27 April 2022
27 April 2022
Centamin plc
("Centamin" or "the Company" or "Group", including its
subsidiaries)
LSE: CEY / TSX: CEE
2021 Sustainability report
for the twelve months ended 31 December 2021
Centamin announces the publication of its Sustainability Report
for the twelve months ended 31 December 2021. The report sets out
how we manage and integrate sustainability across our business and
our performance at a Group and operational level.
This is Centamin's fifth annual Sustainability Report produced
in accordance with the GRI Sustainability Reporting Standards
("GRI") 'Core option', the GRI Mining and Metals Sector Supplement,
the requirements of the Sustainability Accounting Standards Board
("SASB") for the metals and mining industry and our first report to
address the recommendations of the Taskforce on Climate-related
Financial Disclosures ("TCFD"). The report is available on the
Company's website www.centamin.com/investors/results-reports/ .
MARTIN HORGAN, CEO commented : "2021 will be viewed as a
transformational year for the Company as we have sought to put in
place strategies and plans that provide the foundation for our
long-term success. Environmental, social and governance
considerations have been placed at the centre of our decision
making and planning as they are integral to our future.
I am delighted to report that we made record improvements in
health and safety performance and had no reportable incidents. We
reduced both our LTIFR and TRIFR by over 40% compared to 2020 and
achieved a record five million LTI-free hours.
In 2022, we will set out a climate change strategy that will set
an ambitious science-based target for carbon reduction by 2030 and
one that strives to align with a trajectory of emission reduction
to net-zero by 2050. We are already implementing a number of key
projects that will reduce our carbon footprint, including the solar
power plant project that is due to be commissioned in H2 2022."
HIGHLIGHTS
-- Continued reinforcement of health and safety practices
resulted in zero fatalities, a 45% year-on-year improvement in
LTIFR and 43% improvement in TRIFR.
-- Strong levels of local content with 95% of our workforce
employed locally and 60% of the total Sukari procurement spend is
with national suppliers.
-- Continued implementation of our professional development
framework for all employees resulted in a 130% increase in total
training hours to 27 hours per employee. At Sukari 70% of
leadership roles are now held by Egyptian nationals, an increase
from 65% in 2020.
-- We welcomed our first female employees at Sukari and
initiated the integration of women to the workforce.
-- Climate change disclosures aligned to TCFD recommendations
and initiation of a decarbonisation strategy that will set
ambitious science-based targets for carbon reduction by 2030.
Sustained zero reportable environmental and community incidents
across the Group and no issues of regulatory non-compliance
reported.
-- Independent technical review of our tailings storage
facilities against the applicable design standards and the GISTM,
which confirmed the operational and structural integrity of the
facilities.
-- Construction of the Sukari 36MW hybrid solar project is
progressing towards commissioning in H2 2022. The project is
expected to reduce diesel fuel consumption by an estimated 20
million litres per annum and lower carbon emissions by 15% across
the Group.
-- COVID-19 protocols remain in place to ensure the continued
management of the risks associated with the pandemic. The Company
continues to safeguard the workforce, local communities and secure
the operations. In excess of 90% of Group employees are now
vaccinated.
Performance Summary
Units FY21 FY20 % <DELTA>
============================= ============================== ======== ======== ==========
HEALTH, SAFETY & WELLBEING
------------------------------------------------------------- -------- -------- ----------
LTIFR per 1m hours worked 0.46 0.84 -45%
TRIFR per 1m hours worked 3.01 5.16 -42%
Fatalities workforce 0 0 0%
Reported hazard close-out Average number of days 6.8 10.5 -35%
OUR PEOPLE
----------------------------- ------------------------------ -------- -------- ----------
Total workforce employees and contractors 4,388 3,133 40%
Local workforce % of total employed 95% 95% 0%
Local leadership % of total leadership team 70% 65% 8%
Workforce development Training hours per employee 27.3 11.9 130%
SOCIAL & ECONOMIC PARTNERSHIP
------------------------------------------------------------- -------- -------- ----------
Community spend US$ million 0.33 1.16 -72%
Local procurement % of total procurement spend 60% 61% -2%
Community incidents Reportable category 4 & 5 0 0 0%
ENVIRONMENTAL RESPONSIBILITY
------------------------------------------------------------- -------- -------- ----------
Environmental incidents Reportable category 4 & 5 0 0 0%
Water reuse % of total water consumption 32% 29% 10%
Scope 1 & 2 GHG emissions tCO(2) -e 484,081 427,752 13%
============================= ============================== ======== ======== ==========
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc Buchanan
Michael Stoner, Group Corporate Manager Bobby Morse /Ariadna Peretz
investor@centaminplc.com /James Husband
+ 44 (0) 20 7466 5000
centamin@buchanan.uk.com
NOTES
Cost savings
Cost savings were calculated relative to the incumbent
underground contractor contract terms, all things being equal, and
include the initial equipment purchase required to maintain current
production levels and future capital cost estimates related to any
near-term fleet replacement.
Guidance
The Company actively monitors the developments of the COVID-19
pandemic and guidance may be impacted if the workforce or operation
are disrupted.
Forward-looking Statements
This announcement (including information incorporated by
reference) contains "forward-looking statements" and
"forward-looking information" under applicable securities laws
(collectively, "forward-looking statements"), including statements
with respect to future financial or operating performance. Such
statements include "future-oriented financial information" or
"financial outlook" with respect to prospective financial
performance, financial position, EBITDA, cash flows and other
financial metrics that are based on assumptions about future
economic conditions and courses of action. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "expects",
"expected", "budgeted", "forecasts" and "anticipates"." and include
production outlook, operating schedules, production profiles,
expansion and expansion plans, efficiency gains, production and
cost guidance, capital expenditure outlook, exploration spend and
other mine plans. Although Centamin believes that the expectations
reflected in such forward-looking statements are reasonable,
Centamin can give no assurance that such expectations will prove to
be correct. Forward-looking statements are prospective in nature
and are not based on historical facts, but rather on current
expectations and projections of the management of Centamin about
future events and are therefore subject to known and unknown risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. In addition, there are a number of
factors that could cause actual results, performance, achievements
or developments to differ materially from those expressed or
implied by such forward-looking statements; the risks and
uncertainties associated with the ongoing impacts of COVID-19 or
other pandemic, general business, economic, competitive, political
and social uncertainties; the results of exploration activities and
feasibility studies; assumptions in economic evaluations which
prove to be inaccurate; currency fluctuations; changes in project
parameters; future prices of gold and other metals; possible
variations of ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; climatic
conditions; political instability; decisions and regulatory changes
enacted by governmental authorities; delays in obtaining approvals
or financing or completing development or construction activities;
and discovery of archaeological ruins. Financial outlook and
future-ordinated financial information contained in this news
release is based on assumptions about future events, including
economic conditions and proposed courses of action, based on
management's assessment of the relevant information currently
available. Readers are cautioned that any such financial outlook or
future-ordinated financial information contained or referenced
herein may not be appropriate and should not be used for purposes
other than those for which it is disclosed herein. The Company and
its management believe that the prospective financial information
has been prepared on a reasonable basis, reflecting management's
best estimates and judgments at the date hereof, and represent, to
the best of management's knowledge and opinion, the Company's
expected course of action.
However, because this information is highly subjective, it
should not be relied on as necessarily indicative of future
results. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information
or statements, particularly in light of the current economic
climate and the significant volatility, uncertainty and disruption
caused by the outbreak of COVID-19. Forward-looking statements
contained herein are made as of the date of this announcement and
the Company disclaims any obligation to update any forward-looking
statement, whether as a result of new information, future events or
results or otherwise. Accordingly, readers should not place undue
reliance on forward-looking statements.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEALLKAADAEFA
(END) Dow Jones Newswires
April 27, 2022 02:00 ET (06:00 GMT)
Centamin (LSE:CEY)
Historical Stock Chart
From Apr 2024 to May 2024
Centamin (LSE:CEY)
Historical Stock Chart
From May 2023 to May 2024