Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Slowdown of gold mining operations due to environmental inspections and government demands for environmental improvement.
• Closure of mining operations due to the Novel Coronavirus epidemic.
• Adverse impacts of the Novel Coronavirus epidemic on customers.
• Ongoing litigations affecting the Company's ability to execute its development plan.

Mitigation Strategies

• Continued effort in defending legal challenges and minimizing disturbances.
• Working towards improving the Company’s asset scale and quality as well as financial performance.
• Exploring new growth opportunities through merger and acquisition, business integration, and expansion.
• Implementing a plan to boost mineral products throughput by completing a new processing plant.
• Exploring investment opportunities for acquisitions of quality mining assets.
• Cost control measures to tighten operating costs and implementing strategies to enhance revenue.
• Negotiating with bankers and lenders to extend the repayment terms of borrowings.
• Financial support commitment from a major shareholder.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Relocated mining workers’ facilities from mine sites to a nearby village, about 5 km away and workers now have to report duty through shutter bus.
• Reclaimed the land previously occupied by site facilities through plantation, ensured full compliance of the latest regulatory requirements for environmental protection.

Climate Goals & Targets

Environmental Challenges

• Sudden outbreak of the coronavirus (COVID-19) epidemic.
• Government enhanced regulatory environmental protection measures at the Group’s mine sites.
• Trade war between China and the US.

Mitigation Strategies

• Made substantial efforts to maintain mine production activities.
• Resolved some long-lasting debt disputes.
• Operating subsidiary made smooth relocation of the mining workers at our mine sites.
• Constantly in active fund raising, talking to several interested investors/financiers, negotiating and comparing terms and conditions, and trying to close fund raising whenever possible to significantly alleviate the current liability risks.
• Received a financial support commitment from a major shareholder to cover the most needed financial obligation.
• Updating its plan aiming at boosting its mineral products throughput and thus revenue and net profits by completing a new processing plant.
• Exploring investment opportunities for acquisitions for quality mining assets.

Supply Chain Management

Climate-Related Risks & Opportunities