Portfolio Companies
Case studies of ESG Excellence implemented by a number of EMR Capital's current and previous portfolio companies can be found on the links below:
Martabe (During EMR’s period of ownership)
ESG highlights during EMR Capital’s period of ownership include:
- Nearly eight additional years added to the mine life, extending economic prosperity for the region
- Outstanding safety record maintained
- A record 74% of the site workforce from local communities. Procurement of local goods and services to the value of US$20.7 million in 2017
- US$1.72 million spent on the Community Management Plan in 2017, focussed on health, education, local business development, public infrastructure development and community relations
- Provision of 130 scholarships for local children ranging from elementary school to university degrees in 2017
- Maintained support for a free cataract surgery program for local people. A total of 6,200 people have received surgery under this program since 2011.
Further detail on the ESG performance of the Martabe Gold Mine, including Annual Sustainability reports, can be found at the Agincourt Resources website.
Peak Minerals
ESG highlights since EMR Capital commenced as an owner include:
- Project is designed to have minimal impact on the environment, including:
- Solar evaporation production process and solar powered brine extraction well pumps
- Use of gravity to drive flow between canals and brine mining units
- Proximity to infrastructure such as rail lines, roads, power and natural gas limits the construction footprint
- Strong community focus and engagement process in place
- Strong focus on hiring locally and supporting local businesses.
Further detail on the ESG approach of Peak Minerals can be found on the company’s website.
Highfield
ESG highlights since EMR Capital commenced as an owner include:
- Muga Project designed to not only comply with current legislation, but also align with external international guidelines such as IFC Standards and UN Equator Principles
- Project designed to have minimal environmental impact, with a compact site design and salt by-product sold and/or residue placed underground. There will be zero salt tailings on surface at the end of planned mine operations
- Progress towards permitting with strong focus on community engagement with over 100 community consultation and engagement initiatives, including Voluntary Official Consultation Process, demonstrating commitment to transparency and open communication. This approach is delivering results as reflected by:
- Over 93% of community feedback received has expressed the view that this project will bring benefits to the region
- Local mayors have publicly expressed their support
- Invitation by local & national government bodies to present at forums on best practice social management
- Forética, Spain’s key sustainability body, recognised Highfields’s Community Communication Plan as best practice in transparency and stakeholder management
- Establishment of the Geoalcali Foundation, which focusses on:
- Training and employability in the most disadvantaged sectors
- Support for entrepreneurial initiatives that create jobs
- Attention to the social needs of the residents of the area; and
- Creation of educational, cultural and promotional activities for agriculture and sustainable cultivation.
Further detail on the ESG approach of Highfield Resources, including Annual Sustainability Reports, can be found on the company website.
Golden Grove
ESG highlights since EMR Capital commenced as an owner include:
- Steady improvement in safety performance, no environmental harm events
- Strong ties to local community and stakeholders. Working with the site’s traditional owners to identify and protect cultural heritage areas
- Developed a new Health, Safety, Environment and Community Management System
- In 2017-18, invested over A$500k into local communities, focusing on education and training, health and infrastructure support
- Worked with 100 local suppliers in 2018, with a combined contract value of A$35m
- Highly regarded Bayalgu Indigenous Pre-employment Training Program continuing to deliver successful results.
Further information on Golden Grove and its approach to ESG Management can be found at the company’s website.
Kestrel
ESG highlights since EMR Capital commenced as an owner include:
- Successful transition from previous owners and maintained robust ESG management practices with the site operating to a high ESG standard
- 81% of the site workforce sourced from local and regional communities
- Use of local suppliers with 87% of suppliers based in Queensland
- First coal mine in Queensland to achieve certified rehabilitated land status (571 hectares), with a further 1,629 hectares ready for certification in 2020.
- Feasibility study completed in regard to converting the current co-disposal tailings storage facility (CDSF) to a dry stacking tailings facility. This conversion will enable the mine to store the life of mine combined tailings (coarse and fine rejects) within the original footprint of the CDSF. Dry stacking will also allow for progressive rehabilitation to occur and increase the recycling of water. The conversion to dry stacking of tailings is expected to commence during 2020
- Active stakeholder engagement program in place
- Establishment of site initiatives to create a cultural shift and a positive operating environment.
Further information on Kestrel Coal and its approach to ESG Management can be found at the company’s website.
Lubambe
ESG highlights since EMR Capital commenced as an owner include:
- Developed a new safety management plan, significantly improving the safety focus of the operation
- Installed underground self-contained refuge chambers, the first mine in Zambia to do so
- Framework Environment and Social Management Plan developed to meet international industry practice
- Community Development Program updated, with a focus on agriculture, education, health and infrastructure
- Awarded the Business Leader in Corporate Environmental Stewardship for 2018 by the Zambia Chamber of Commerce and Industry.
West Cumbria
ESG highlights since EMR Capital commenced as an owner include:
- Project has been designed to have minimal impact on the environment:
- Infrastructure is enclosed, minimising noise and particulate emissions
- Underground mining method and use of existing infrastructure (port and rail) limits environmental disturbance
- All waste rock and plant reject material will be disposed of underground
- Included in the mine design is the creation of a new 50m public space
- Extensive stakeholder engagement completed and continuing for the Project.
- Around 500 direct jobs to be created at the mine, aiming for 80% of these to be filled by local people.
Further detail on the ESG approach of West Cumbria Mining can be found on the company’s website.
Capricorn Copper
ESG highlights since EMR Capital commenced as an owner include:
- Mine restart has provided regional economic stimulus. Worked with 70 local suppliers with a combined contract value of A$10 million in 2018. Using local labour whereever possible.
- Developed a new Health, Safety, Environment and Community Management System. Improving safety performance
- Re-established Civil Aviation certification of the local airport, enabling commercial aircraft access to the community
- Upgraded local roads providing long lasting infrastructure benefits
- Strengthened relationships with community stakeholders, including traditional owners and pastoralists.
Further information on Capricorn Copper and its approach to ESG Management can be found at the company’s website.