Latest news with #TowardsSustainableMining
Yahoo
13-05-2025
- Business
- Yahoo
Eldorado Gold Publishes 2024 Sustainability Report; Sustainability From the Ground Up
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ('Eldorado' or 'the Company') is pleased to announce the publication of its 2024 Sustainability Report (the 'Report'), which provides details of the Company's environmental, social and governance ('ESG') performance over the past year. The Report is available on Eldorado's website ( "At Eldorado, we integrate sustainable practices into every aspect of our business. From prioritizing the safety and well-being of our employees to fostering lasting relationships with our host communities, our dedication to doing things the right way is reflected in the achievements we celebrate today', said George Burns, Eldorado's President and CEO. 'Our sustainability framework embodies our commitment to consider sustainability in everything we do, from exploration to post-closure, to our relationships with communities, investors, customers, and other important stakeholders. Our framework is underpinned by our Sustainability Integrated Management System ('SIMS'), which sets company-wide performance standards in sustainability. In 2024, we successfully completed SIMS compliance verifications at Kisladag and Efemcukuru in Turkiye. Notably, this was also the first time a Mining Association of Canada's Towards Sustainable Mining ('MAC-TSM') verification had been conducted by any company in Turkiye in nearly a decade and we are very proud of the scores achieved.' 2024 Report Highlights and Achievements: (Organized by the four pillars of our Sustainability Framework) Safe, Inclusive and Innovative Operations At Eldorado, we prioritize a positive culture of health and safety where everyone values their own and others' safety and well-being. We have policies, procedures and systems in place to support a safe and healthy working environment. 50% women on our Board of Directors and 40% women on our senior management team as of December 31, 2024. Reduced total recordable injury frequency rate by 30% to 3.24 compared to 4.65 in 2023. Zero Fatalities across our global sites – marking the 7th consecutive year. We remain focused on driving an engaged safety-first culture, as part of our commitment to eliminating fatalities, serious injuries and occupational diseases. Reduced potentially fatal occurrence frequency rate by 27% to 0.54 compared to 0.74 in 2023. Successfully introduced a new health and safety initiative, Courageous Safety Leadership. This initiative is aimed at preventing high-potential incidents and further empower our employees to promote a positive health and safety culture. Continued to support diversity within our supply chain through partnerships with women-led businesses, including but not limited to our ongoing sponsorship of the Artemis Project, which brings together women entrepreneurs connected to the mining industry. Engaged and Prosperous Communities The communities near our sites experience the most direct social, environmental and economic impacts and opportunities resulting from our mining operations. We engage with stakeholders and Indigenous communities to discuss challenges, share successes and address concerns for better outcomes. Committed to local employment and procurement: Achieved 98% employment from the countries in which we operate with 82% employment from the local communities surrounding our global operations. Paid over $851 million to domestic suppliers, an increase of 23% compared to 2023. Made $4.4 million in community investments, focused in the areas of education and youth, the environment, community infrastructure, health and well-being and economic development. Healthy Environments Now and for the Future As a global company, we are subject to the environmental laws and regulations in each of our operating jurisdictions. We work closely with our regional teams to understand local regulations and align our environmental practices to meet these requirements and our SIMS standards. We continue to take steps to operationalize energy and greenhouse gas ('GHG') emissions standards within SIMS in support of our Climate Change Strategy. Zero major environmental incidents and no significant spills across Eldorado's global sites. As part of a multi-year effort, we reclaimed, removed, and properly stored 288,000 tonnes of historical tailings, pyritic materials, and contaminated soils, originally generated by prior operators, at the Kokkinolakkas Tailings Management Facility as a part of our commitment to the community. These materials came from legacy mining activities at Olympias and Stratoni. Continued to implement our Climate Change Strategy Recognized as one of 30 companies in the Globe & Mail's 'Road to Net Zero' for the Globe's Report on Business Magazine, based on research from Sustainalytics, which highlights Canadian companies that are taking concrete steps towards their net-zero emissions. Planted over 118,000 indigenous plants over an area of 106 hectares at Kisladag (Turkiye), including complete reclamation of the South Waste Rock Dump, and thousands more for local villages, proudly contributing to revegetation and reforestation of the surrounding region. Responsibly Produced Products The metals we produce are essential in today's world. They contribute to and store value for economies, societies and governments and are an integral part of modern financial systems. Received external verification of the implementation of the MAC-TSM standard at both Kisladag and Efemcukuru (Turkiye). Efemcukuru received: Level AAA performance across all indicators in: Tailings, Health & Safety, Biodiversity Conservation Management and Indigenous and Community Relations; and A, AA or AAA scores across all other applicable indicators. Kisladag received: Level AAA performance across all indicators in: Health & Safety; and A, AA or AAA scores across all other applicable indicators. Received assurance of full conformance with the World Gold Council Responsible Gold Mining Principles requirements. Feedback Eldorado Gold welcomes feedback from all stakeholders and communities regarding the Company's sustainability reporting. Please direct comments or requests for further information to Investor Relations. About Eldorado Gold Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Contact Investor Relations Lynette Gould, VP, Investor Relations, Communications and External Affairs647.271.2827 or 1.888.353.8166 Media Chad Pederson, Director, Communications and Public Affairs236 885 6251 or 1 888 353 8166 of the statements made and information provided in this News Release are forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as 'advance', 'aim', 'anticipates', 'become', 'believes', 'budget', 'committed', 'continue', 'estimates', 'expects', 'exploring', 'focus', 'forecasts', 'foresee', 'forward', 'future', 'goal', 'guidance', 'intends', 'objective', 'opportunity', 'outlook', 'plans', 'potential', 'priority', 'project', 'prospective', 'scheduled', 'seek', 'strategy', 'strive', 'target', 'underway', 'vision', 'working' or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results 'can', 'continuously', 'could', 'likely', 'may', 'might', 'periodically', 'regularly', 'will' or 'would' be taken, occur or be achieved. Forward-looking information includes, but is not limited to, statements or information with respect to: sustainability commitments, both generally in the pillars of our Sustainability Framework and in specific initiatives developed within each pillar; our beliefs with respect to our impact; our commitment to continually improving; our intentions towards best practices and industry standards; our ongoing efforts towards our climate change strategy ; and generally our strategy, plans and goals. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market 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 such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about: timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold and other commodities; exchange rates; anticipated values, costs, expenses and working capital requirements; ; our ability to address the negative impacts of climate change and adverse weather; and the geopolitical, economic, permitting and legal climate that we operate in. In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this press release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: development risks at Skouries and other development projects; risks relating to our operations in foreign jurisdictions; risks related to production and processing; our ability to secure supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; community relations and social license; environmental matters; geotechnical and hydrogeological conditions or failures; waste disposal; mineral tenure; permits; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic, or similar public health threats; regulated substances; acquisitions, including integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings); total cash costs per ounce and AISC (particularly in relation to the market price of gold and the Company's profitability); currency risk; interest rate risk; credit risk; tax matters; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); the global economic environment; labour (including in relation to employee/union relations, the Greek transformation, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); commodity price risk; default on obligations; current and future operating restrictions; reclamation and long-term obligations; credit ratings; change in reporting standards; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks relating to environmental, sustainability, and governance practices and performance; corruption, bribery, and sanctions; employee misconduct; litigation and contracts; conflicts of interest; compliance with privacy legislation; dividends; tariffs and other trade barriers, as well as those risk factors discussed in the sections titled 'Forward-Looking Information and Risks' and 'Risk Factors in Our Business' in our most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form, MD&A & Form 40-F filed on SEDAR+ and EDGAR under our Company name, for a fuller understanding of the risks and uncertainties that affect our business and operations. The inclusion of forward-looking statements and information is designed to help you understand management's current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the United in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
01-05-2025
- Business
- Cision Canada
The Mining Association of Canada Comments on Outcome of Federal Election Français
OTTAWA, ON, May 1, 2025 /CNW/ - The Mining Association of Canada (MAC) congratulates Prime Minister-designate on his election victory and looks forward to working with the new government to enhance responsible mining and critical minerals development in Canada. The mining industry is eager to collaborate with all parties to ensure one of Canada's most important resource sectors is competitive and attractive to investors. "Mining is one of the most economically significant sectors in Canada and contributes $117 billion to the country's GDP and accounts for 21% of the value of Canadian goods exported. Canadian mining is also an important employer, accounting for one in every 30 jobs across the country," said Pierre Gratton, President and CEO of MAC. "Canada's mining industry is well placed to provide the materials, including critical minerals, essential to healthcare, communications and low carbon technologies and our sector would benefit from strategic government supports to ensure we are able to seize the opportunity before us." Canada's mining sector operates some of the lowest carbon-intensive mines in the world thanks to Canada's abundance of clean energy, the adoption of world-class sustainability standards like Towards Sustainable Mining and company implementation of low emission technologies at their sites. Canada's mining industry should become the supplier of choice for the minerals and metals that are needed for defence, semi-conductors, energy and other clean technologies. "The Liberal platform proposed a broad range of positive actions to support the growth of Canada's mining sector, including trade-enabling infrastructure investments, new and expanded tax measures to support the competitiveness of the mining industry and support for Indigenous participation in natural resources projects. Taken together, all of these will attract more investment and help bring more mines into production. We were also pleased to see both the Liberals and Conservatives committing to dramatically accelerate project reviews and we are keen to work with the new Parliament to make this happen in a responsible manner." continued Gratton. MAC and its members would like to thank all outgoing MPs for their support for the Canadian mining industry over the years and looks forward to meeting with newly elected members from all parties to discuss the importance of the sector to ensure it is well positioned for future success. The mining industry is a major sector of Canada's economy, contributing $117 billion to national GDP and responsible for 21 percent of Canada's total domestic exports. Canada's mining sector employs 694,000 people directly and indirectly across the country. The industry is proportionally the largest private sector employer of Indigenous peoples in Canada and a major customer of Indigenous-owned businesses. About MAC The Mining Association of Canada is the national organization for the Canadian mining industry. Its members account for most of Canada's production of base and precious metals, uranium, diamonds, metallurgical coal, mined oil sands and industrial minerals and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication. Please visit
Associated Press
26-03-2025
- Business
- Associated Press
Brazil Potash Announces Participation In Diversibram 2025
• Event promotes diversity, equity, and inclusion in Brazil's mining sector • Company President to serve as event patron and moderator MANAUS, Brazil, March 26, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ('Brazil Potash' or the 'Company') (NYSE-American: GRO), a developer and builder of Brazil's largest potash fertilizer project, announced today that its wholly-owned subsidiary, Potássio do Brasil Ltda., will participate in 'Diversibram 2025 - Mining Without Labels,' an event organized by the Brazilian Mining Institute (IBRAM). The event will take place today, March 26, from 8:30 AM to 6:00 PM, at the Dom Helder Câmara Higher School in Belo Horizonte, Minas Gerais. Now in its fourth edition, Diversibram will feature both in-person attendance and live online streaming to reach a broader audience across Brazil and internationally. Diversibram aims to provide a space to discuss advances in diversity, equity, and inclusion in the mineral sector. This edition will feature the launch of two fundamental protocols from the Towards Sustainable Mining (TSM) program. The first will be a guide dedicated to Diversity, Equity, and Inclusion, and the second will address the emotional health of workers in the sector. 'At Brazil Potash, we believe that diversity and inclusion are not just corporate values but essential components of sustainable mining practices,' said Adriano Espeschit, President of Potássio do Brasil. 'We are proud to support initiatives like Diversibram that advance these principles throughout Brazil's mining sector and help create a more equitable industry for all workers.' Espeschit will have a prominent role in the event, serving as patron and moderator for Panel 3 - 'Development Strategy & Engagement in DE&I,' held in hybrid format at 2:00 PM, in the Auditorium of the Dom Helder Câmara Higher School in Belo Horizonte (MG). The panel will also be moderated by Luciana Bernadete Felix, Director of Culture, Talent and Development LATAM at AngloGold Ashanti, and will include industry experts such as: Caroline Fávaro Oliveira Valera, Stakeholder Manager at Mosaic; Fernando Cláudio, Director of Communication, Communities and Government Relations at AngloGold Ashanti; Gabriel Wagner, Global Manager of Diversity, Equity and Inclusion at Alcoa; Leticia Oliveira Guimarães, HR Manager - Culture, Inclusion & Diversity and Mental Health at Anglo American. The event program will also include debates on best practices, challenges, and strategies to promote diversity within companies, strengthening the construction of a more equitable and sustainable future for mining in Brazil. About Brazil Potash Brazil Potash (NYSE-American: GRO) ( is developing Brazil's largest potash project to supply sustainable fertilizers to one of the world's largest agricultural exporters. Brazil is critical for global food security as the country has amongst the highest amounts of fresh water, arable land, and an ideal climate for year-round crop growth, but it is vulnerable as it imported over 95% of its potash fertilizer in 2021, despite having what is anticipated to be one of the world's largest undeveloped potash basins in its own backyard. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi ( one of Brazil's largest farmers and logistical operators of agricultural products. With an initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash's management believes it could potentially supply approximately 20% of the current potash demand in Brazil. Management anticipates 100% of Brazil Potash's production will be sold domestically to reduce Brazil's reliance on potash imports while concurrently mitigating approximately 1.4 million tons per year of GHG emissions. Forward-Looking Statements Disclaimer This press release includes forward-looking statements, which are statements that are not historical facts. Words such as 'expects', 'anticipates' 'believes' and 'intends' or similar expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements relating Diversibram 2025 and its benefits for the local community, the planned construction of the Autazes Project, the benefits of the Autazes Project and the creation of local jobs are subject to risks and uncertainties, many of which are beyond the control of the Company, including those described in the 'Risk Factors' section of the Company's registration statement on Form F-1, as amended, for the IPO filed with the SEC in connection with the IPO, and the supplemented PREP prospectus filed in each of the provinces and territories of Canada, other than Québec. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, unless required by law. Contacts:
