Climate Change Data

Environmental Metrics

ESG Focus Areas

• Black Economic Empowerment (BEE)
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Implemented dry-screening plant to reduce water consumption and increase efficiency in removing fine materials.
• Ongoing efforts to refine water management at the main treatment plant.

Social Achievements

• 70% ownership in DMI Minerals South Africa (Pty) Ltd. with 30% held by Black Economic Empowerment partner Nozala Investments (Pty) Ltd., exceeding BEE charter requirements.
• Partnership with Nozala Investments, supporting women in mining.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Problems in recovering wastewater from settling dams due to increased volume of fines liberated at the main treatment plant.
• Power supply issues in South Africa (potential future challenge).

Mitigation Strategies

• Further refinements to the project’s dry-screening plant to enhance the liberation and removal of fines.
• Preparations for the installation of a paste thickener at the main treatment plant.
• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Weather, water availability

Transition Risks

• Regulatory changes

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

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

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic limiting processing capacity and causing operational disruptions.
• Fluctuations in diamond prices due to global economic conditions.
• Potential power supply issues in South Africa.

Mitigation Strategies

• Maintaining reduced costs and resuming operations with COVID-19 precautions.
• Upgrading backup generators and exploring alternative power sources (solar).
• Continued monitoring of the global diamond market and potential COVID-19 developments.

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

Social Achievements

• Partnership with Nozala Investments (Pty) Ltd., a South African Black Economic Empowerment partner, exceeding BEE charter requirements.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic restrictions limiting processing capacity.
• Fluctuations in diamond prices due to global and regional factors.
• Potential power supply issues in South Africa.

Mitigation Strategies

• Reduced costs, resumption of operations with reduced staffing and COVID-19 precautions.
• Upgraded back-up generators and discussions for alternative power sources (solar) to mitigate power supply issues.
• Continued monitoring of the global diamond market and potential COVID-19 developments.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Joint venture partnership with Nozala Investments (Pty) Ltd., a South African Black Economic Empowerment group, exceeding BEE charter requirements.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing operational limitations and supply chain disruptions.
• Fluctuations in diamond prices due to global economic factors.
• Potential power supply issues in South Africa.

Mitigation Strategies

• Managing costs and increasing operational hours where possible.
• Upgrading backup generators and exploring alternative power sources (solar) to mitigate power supply disruptions.
• Monitoring global diamond market and COVID-19 developments.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Joint venture partnership with Nozala Investments (Pty) Ltd., a South African Black Economic Empowerment (BEE) group, exceeding BEE charter requirements.

Climate Goals & Targets

Environmental Challenges

• National load-shedding in South Africa due to Eskom's inconsistent power supply.
• COVID-19 pandemic impacts on operations and diamond sales.

Mitigation Strategies

• Managing costs and optimizing operational hours to minimize load-shedding effects.
• Implementing back-up generators and planning for additional alternative power systems.
• Partial resumption of operations with reduced staffing and COVID-19 precautions.
• Monitoring potential new COVID-19 developments.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Joint venture partnership with Nozala Investments (Pty) Ltd., a South African Black Economic Empowerment (BEE) group, exceeding BEE charter requirements.

Climate Goals & Targets

Environmental Challenges

• Load-shedding in South Africa due to Eskom's inconsistent power supply.
• COVID-19 pandemic impacting operations and diamond sales.

Mitigation Strategies

• Refined backup generator power systems, reduced power usage at processing plants, streamlined heavy equipment to minimize Eskom power reliance.
• Partial resumption of operations with reduced staffing and COVID-19 precautions.
• Reconfiguration of backup generators to act as primary power source (post-reporting period).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Short-term supply chain imbalance with excess polished inventories in the diamond industry.
• Reduced consumer spending impacting rough diamond prices and demand.
• Power supply issues in South Africa (Eskom's inconsistent electricity supply).

Mitigation Strategies

• Cost management and securing strategic funding and relationships with industry leaders.
• Reconfiguration of the Project’s back-up generators to be used as a primary power source.
• Discussions with several groups regarding the addition of alternative power sources to minimize reliance on Eskom.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Reduced processing operations due to short-term oversupply of rough diamond inventory.
• Power supply issues in South Africa (load shedding).
• Global conflicts, inflation, and high interest rates weakening consumer buying and affecting diamond prices.
• Oversupply of rough diamond inventory due to post-Covid buying and ineffective initial G7 sanctions on Russian diamonds.

Mitigation Strategies

• Reduced costs and advancement of strategic funding to support planned growth objectives.
• Reconfiguration of the Project’s back-up generators to be used as a primary power source.
• Discussions with several groups regarding the addition of alternative power sources to minimize reliance on Eskom.
• Industry adjustments to rebalance excess inventory levels.

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