Southstone Minerals Limited
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Climate Change
- Governance
Climate Goals & Targets
Environmental Challenges
- Environmental concerns over carbon emissions from coal.
- Inherent risks associated with the renewal of Kwena Group contracts.
- High likelihood of no other buyers for Kwena Group due to expiring contracts.
- Major global mining company exiting coal in South Africa.
- Low profitability of Kwena Group.
- Socio-economic context in South Africa resulting in strikes and unrest.
Mitigation Strategies
- Disposition of Kwena Group to focus on diamond assets.
- Seeking a strategic partner or outright disposition of Kwena Group.
Supply Chain Management
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes
- Market shifts away from coal