Equus Mining Ltd
Climate Impact & Sustainability Data (2012, 2022)
Reporting Period: 2012
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Difficult political conditions in the Kyrgyz Republic, lack of success in the field, and license tenure issues contributed to a reassessment of Kyrgyz oil interests and a wind-down of those activities.
- Decline in flow rates and revenue from production licenses in Kyrgyzstan made shutdown or disposal of operations inevitable.
Mitigation Strategies
- Sold two oil license-owning subsidiaries for US$800,000 cash.
- Finalized the sale of its 20% interest in the Parta block application in Romania for $429,000.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Mine restart at Taitao within 18-24 months (subject to positive evaluation and approvals)
Environmental Challenges
- COVID and post-COVID economic uncertainty
- Securing financing
- Competition from larger companies
- Staffing constraints
- Inflationary pressures
- Supply chain issues
- Geological risks
- Commodity price volatility
Mitigation Strategies
- Internal funding of exploration
- Potential equity raisings or partnerships
- Focus on assets near existing infrastructure
- Mine Reactivation Study for Taitao
- Exploration and evaluation programs