GLOBAL GOLD CORPORATION
Climate Impact & Sustainability Data (2011, 2016-09-30)
Reporting Period: 2011
Environmental Metrics
ESG Focus Areas
- Sustainable mining and processing practices
- Community investment
- Water management
Environmental Achievements
- Partnered with the World Bank in building a new well-water supply system for Melikgyugh village residents in 2007
- Concentrator established without cyanide reagents, meeting stringent waste and tailings quality benchmarks
Social Achievements
- Routine monitoring of air and water quality
- Employment of approximately 100 people globally year-round and an additional 200 people seasonally
- Local artisan labor utilized from Melikgyugh village and neighboring hamlets
Governance Achievements
- Received international ISO certification for its laboratory at Toukhmanuk
- Armenian Ministry of Economy accredited Global Gold's laboratory
Climate Goals & Targets
Medium-term Goals:
- Further expansion of Toukhmanuk plant to 1.5 Mt/y of ore (77,000 oz of Au)
Short-term Goals:
- Complete Toukhmanuk mine plant expansion to process 300,000 t/y in 2011
Environmental Challenges
- Rising diesel fuel costs for power supply
- Potential for winter snowfall and spring meltwater to disrupt mining operations
Mitigation Strategies
- Opportunities to integrate a small hydro-generating station to assure a sustainable power supply
- Barriers (hurdles) to limit snow-melt causing sloughing into the workings during the spring thaw
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101
Certifications: ISO
Reporting Period: 2016-09-30
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- To complete the construction of the new plant and to implement the mining plan and to recommence operating expanded mining operations at Toukhmanuk
Environmental Challenges
- liquidity challenges
- operational funding delays
- needing a new tailings dam
- status and funding of the Consolidated Resources joint venture
- Linne Mining’s performance issues
- legal and other consequences of the CRA group and Signature Gold in applying for a competing license on Getik
Mitigation Strategies
- pursuing enforcement of the International Arbitration awards and court judgments against CRA, Caldera Resources, and Conventus/Alluvia/Amarant
- reviewing and acquiring additional mineral bearing properties in Chile, Armenia, and other countries
- pursuing additional financing through private placements, debt and/or joint ventures
- exploring options and companies to help get the plant completed and operational
- stopping work at the Getik property pending resolution