Climate Change Data

Jubilee Metals Group PLC

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Energy Consumption:43,361,889 kWh (South Africa and Zambia combined)
Water Consumption:506 ML (South Africa) + 802 ML (Zambia) (excluding recycled water)

ESG Focus Areas

  • Environmental management and stewardship
  • Safety and health
  • Community relations
  • Human rights
  • Climate change
  • Decarbonisation

Environmental Achievements

  • Group total environmental spend £290,948 (US$339,525)
  • Standardised emission measurement system implemented for all operations
  • Baseline established for energy consumption measurements across the Group
  • All environmental permits valid during the reporting period
  • Zero Level 3 to 5 environmental incidents reported at South African operations

Social Achievements

  • Community spend £355,845 (US$415,475)
  • £1.3 million (US$1.6 million) spent with local community businesses in SA
  • £5.8 million (US$7 million) spent with local community businesses in Zambia
  • 44% increase in workforce complement
  • 354 individuals trained in a wide spread of skills
  • Zero fatalities recorded in FY2022
  • Successful wage negotiations undertaken in Zambia and South Africa

Governance Achievements

  • Appointment of Ollie Oliveira as Non-Executive Chairman
  • Appointment of Tracey Kerr as Independent Non-Executive Director
  • Formation of a Safety and Sustainability Committee
  • Continuous assessment of compliance with the UK QCA Governance Code
  • Eliminated £5.3 million of historical debt

Climate Goals & Targets

Long-term Goals:
  • Expand operational footprint globally
  • Further diversify commodity portfolio
Medium-term Goals:
  • Achieve 12,000 tonnes per annum copper cathode production capacity
  • Expand access to refining capacity to 25,000 tonnes of copper units per annum
  • Further expand PGM processing footprint in the Eastern Limb of the Bushveld
Short-term Goals:
  • Production of 3,000 tonnes of copper to December 2022 and 10,000 tonnes for FY2023
  • Implement a structured investor engagement programme

Environmental Challenges

  • Availability of feed material
  • Consistent availability of power in South Africa and Zambia
  • Rising operating costs
  • Access to capital
  • Commodity price and exchange rate fluctuations
  • Counterparty exposure
  • Maintaining a social licence to operate
  • Labour stability
  • Attracting and retaining skilled employees
  • Water costs and availability
  • Environmental pollution
  • Regulatory uncertainties
  • Meeting ESG requirements
  • Impact of rising food and energy costs
  • Supply chain bottlenecks
  • Global macroenvironment and geopolitical uncertainty
Mitigation Strategies
  • Strategic partnering and joint arrangements to secure feed material
  • Multiple feed processing facilities for seamless switching between feed sources
  • Energy efficiency initiatives and renewable energy project considerations
  • Emergency generators for unplanned power disruptions
  • Active management of feed sources and budgetary control
  • Sustainable efficiency and cost management programmes
  • Diversification of shareholder base and ESG excellence
  • Thorough due diligence on counterparties and diversification of counterparties
  • Proactive engagement with stakeholders and compliance with regulations
  • Workplace forums and transparent communication with employees
  • Succession planning and internal/external recruitment
  • Water reuse strategies and zero effluent policy
  • Baseline studies to define pre-existing environmental issues and neutralisation facilities
  • Engagement with government to address regulatory challenges
  • Embedding ESG excellence into business model
  • Engagement with host communities to manage expectations
  • Local preferential procurement
  • Longer lead times in project planning and alternative supply options

Supply Chain Management

Responsible Procurement
  • Local preferential procurement
  • Support for local SMEs and B-BBEE groups

Climate-Related Risks & Opportunities

Physical Risks
  • Water shortages
Transition Risks
  • Regulatory changes regarding emissions
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Integrated Reporting Framework, International Financial Reporting Standards (IFRS), International Financial Reporting Interpretations (IFRIC)

Third-party Assurance: Crowe UK LLP

UN Sustainable Development Goals

  • SDG 3: Good health and well-being
  • SDG 6: Clean water and sanitation
  • SDG 8: Decent work and economic growth
  • SDG 12: Responsible consumption and production
  • SDG 15: Life on land

Processing of mine tailings reduces health risks, improves water quality, creates jobs, promotes resource efficiency, and rehabilitates land