Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Mining
• Environmental Management
• Health and Safety
• Community Engagement
• UN Sustainable Development Goals (SDGs)

Environmental Achievements

• Won the Outstanding Contribution to Sustainable Mining - Europe category in the 2020 Capital Finance International (CFI.co) Sustainability Awards
• Implementation of ecodesign principles including transfer mining, closed-circuit industrial water, zero discharge, and heap leaching.
• Eco-innovation initiatives such as re-use of wastewater and sludge from municipalities for industrial use and producing materials for revegetation.
• Focus on circular economy with maximum resource efficiency, minimizing waste, and optimizing water and energy use.
• Eco-efficiency measures like digitization, LED lighting, and fleet control for material movement optimization.

Social Achievements

• Commitment to creating 500 jobs during construction and over 1000 direct and indirect jobs in the operational phase of the Salamanca mine.
• Establishment of a training center for staff and local people in new skills and environmental education.
• Allowing neighbors to temporarily use company land for agricultural activity since 2012.

Governance Achievements

• Compliance with current regulations ensured through management systems certified by AENOR (Sustainable Mining (UNE 22470-80), Environmental Management (ISO 14001), and Health and Safety (ISO 45001)).
• Close alignment with 14 out of 17 UN SDGs demonstrated through a recent review of business strategy and activities.

Climate Goals & Targets

Environmental Challenges

• Pending approval (NSC II) for the construction of the uranium concentrate plant.
• Proposed amendment to the Spanish climate change and energy transition bill that would prohibit uranium mining.
• COVID-19 pandemic and related restrictions impacting operations and permitting processes.

Mitigation Strategies

• Continued engagement with relevant authorities and stakeholders to progress the permitting process.
• Addressing concerns regarding the proposed amendment by highlighting the legality of existing rights and the negative economic consequences of the prohibition.
• Implementing a 'work from home' policy and maintaining regular communication with authorities during the COVID-19 pandemic.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Proposed amendment to prohibit uranium mining

Awards & Recognition

• Outstanding Contribution to Sustainable Mining - Europe (CFI.co Sustainability Awards 2020)