Climate Change Data

Environmental Metrics

ESG Focus Areas

• Responsible resource management
• Community relations
• Sustainable development

Environmental Achievements

• Not disclosed

Social Achievements

• Al Hadeetha Project highlights responsible resource management, aligning with the concept of 'Khalifa' (stewardship) reflecting responsible planning, development and management of resources.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 outbreaks among workforce or contractors could delay project completion or mining.
• Commodity price fluctuations (copper and gold).
• Foreign exchange rate changes between Omani rial and US dollar could affect loan repayment and profitability.
• Production, operating, and capital costs are subject to various factors, including geological properties of ore, weather events, and transport logistics.
• Climate change regulations, mitigation efforts, and carbon emissions penalties may affect project profitability.
• Transport and infrastructure challenges, including supply chain disruptions, port congestion, and geopolitical risks.
• Geopolitical risks, particularly related to China's economic conditions.
• Obtaining necessary permits and approvals for exploration and mining projects.

Mitigation Strategies

• Comprehensive COVID-19 health controls implemented.
• Long-term, fixed-price contract with mining contractor to mitigate cost fluctuations.
• Building weather resistance into plant and equipment and implementing systems to deal with adverse weather events.
• Cybersecurity measures implemented to mitigate IT and cybersecurity risks.
• Company holds licenses and abides by Omani government regulations regarding environmental protection.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Increased average daily temperatures, rates of evaporation, and flooding risk.

Transition Risks

• Changes in local or international climate change regulations, mitigation efforts, specific taxes or penalties for carbon emissions.

Environmental Metrics

ESG Focus Areas

• Water conservation
• Community benefits

Environmental Achievements

• Upgraded sewage treatment plant to supply 1,200 cubic meters of water per day to the Wash-hi Majaza Project, reducing reliance on ground and desalinated water.

Social Achievements

• Public-private partnership for sewage treatment plant upgrade delivers long-term benefits to the local community.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• License applications and renewals for other Oman-based projects (Daris and Awtad) are pending review by the Omani Ministry of Energy and Minerals.
• Daris East Mining License application opposed due to proximity to recently allotted land.

Mitigation Strategies

• Review of petition supporting Daris East application underway.
• Survey work proposed to resolve objection from Ministry of Housing.
• Detailed work plans submitted for Awtad exploration license renewal.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Community Engagement
• Sustainable Operations
• Public-Private Partnerships

Environmental Achievements

• Secured sustainable water supply through a public-private partnership with Oman Water & Wastewater Services Company SAOC (OWWSC), upgrading a Sewage Treatment Plant (STP) and utilizing a 15,000 m³ freshwater storage pond.

Social Achievements

• Awarded several water supply contracts to local communities as part of the company’s strategic CSR and in-country value commitments.
• Maintained a 30-35% Omanisation level in the workforce.
• Provided safety training to the majority of staff onboarded, including Permit to Work System, LOTO Procedures, Emergency Response Planning, Working at Height, Confined Space Entry and Manual Handling.

Governance Achievements

• Executed an electricity connection agreement with NAMA Electricity Distribution Company SAOC (NAMA) for a continuous, reliable power supply.

Climate Goals & Targets

Environmental Challenges

• Several unforeseen challenges (not specified)

Mitigation Strategies

• Strategic private-public partnerships and community engagement to secure sustainable water and power supplies.

Supply Chain Management

Climate-Related Risks & Opportunities