TIDMCEY
RNS Number : 7553Y
Centamin PLC
17 May 2021
17 May 2021
Centamin plc
("Centamin" or "the Company" or "Group", including its
subsidiaries)
LSE: CEY / TSX: CEE
2020 Sustainability report
for the twelve months ended 31 December 2020
MARTIN HORGAN, CEO commented : "In 2020 we reinforced our
efforts to put sustainability at the centre of our business
strategy. Centamin recognises the business and societal importance
in building a responsible culture that values and supports people,
creating opportunities through jobs, infrastructure, education, as
well as developing our assets and delivering strong shareholder
returns.
I believe that the work completed over the last twelve months
has underpinned our robust approach to sustainability and will
support our long-term vision as a responsible miner creating
tangible value for all our stakeholders. We have started this year
a stronger, more resilient company, motivated and excited to
deliver on our ambitious 2021 targets."
Centamin announces today the publication of its Sustainability
Report for the twelve months ended 31 December 2020. The report
sets out how we manage and integrate sustainability across our
business and our performance at Group and operational level.
This is Centamin's fourth annual Sustainability Report produced
in accordance with the GRI Sustainability Reporting Standards
("GRI") 'Core option', the GRI Mining and Metals Sector Supplement,
and our first report to address, in part, the requirements of the
Sustainability Accounting Standards Board ("SASB") for the metals
and mining industry. The report is available on the Company's
website www.centamin.com/investors/results-reports/ .
SUSTAINABILITY HIGHLIGHTS
-- No material disruptions due to the COVID-19 pandemic. The
Company responded quickly to safeguard the workforce, local
communities and secure the operations.
-- Established the Board-level Sustainability Committee and
appointed a Group ESG Manager. For 2021, executive remuneration has
been expanded to include more sustainability linked performance
metrics.
-- Continued reinforcement of health and safety practices
towards achieving our goal of zero harm, including the introduction
of Critical Risk Standards.
-- Implemented our professional development framework for all
employees, instilling a shared understanding of the critical
behaviours required for successful performance at Centamin.
-- Strong levels of local content with 95% of our workforce
employed locally; 67% of Sukari senior and middle management are
held by Egyptian nationals; and 61% of the total Sukari procurement
spend is with Egyptian national suppliers.
-- Reinforcement of performance standards within our supply
chain relating to legal compliance, anti-corruption, human rights,
health, safety, environment and social responsibility.
-- Sustained zero reportable environmental and community
incidents across the Group and no issues of regulatory
non-compliance reported.
-- Commenced construction of the Sukari 36MW hybrid solar
project. In 2021, the Company will release its first annual report
aligned to the Task Force on Climate-related Disclosures
("TCFD").
-- Constructed and commissioned a second tailings storage
facility at Sukari in line with international tailings standards of
good practice. Commenced a review of operations in line with the
Global Industry Standard on Tailings Management ("GISTM") and
targeting compliance by 2023.
Performance Summary
Units FY20 FY19 % change
================================= =============================== ====== ====== =========
HEALTH, SAFETY & WELLBEING
------------------------------------------------------------------ ------ ------ ---------
LTIFR per 1m hours worked 0.84 1.43 (41%)
TRIFR per 1m hours worked 5.16 7.13 (28%)
Fatalities workforce 0 0 0%
OUR PEOPLE
--------------------------------- ------------------------------- ------ ------ ---------
Total workforce employees and contractors 3,133 2,556 23%
Local workforce % of total employed 95% 95% 0%
Local workforce is leadership % of total leadership team 67% 59% 13%
SOCIAL & ECONOMIC PARTNERSHIP
------------------------------------------------------------------ ------ ------ ---------
Community spend US$m 1.16 0.59 97%
Local procurement % of total procurement spend 61% 61% 0%
Community related incidents Category 4 & 5 grievances 0 0 0%
ENVIRONMENTAL RESPONSIBILITY
------------------------------------------------------------------ ------ ------ ---------
Environmental incidents Reportable 4 & 5 0 0 0%
Water reuse % of water used for operation 29% 44% (34%)
GHG emissions intensity CO2-e/kt milled 37.1 33.9 9%
================================= =============================== ====== ====== =========
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc Buchanan
Alexandra Barter-Carse, Corporate Communications Bobby Morse / Kelsey Traynor
+44 (0) 7700 713 738 + 44 (0) 20 7466 5000
investors@centamin.je centamin@buchanan.uk.com
ENDNOTES
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.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "believes",
"expects", "expected", "budgeted", "forecasts" and "anticipates".
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. 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
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END
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