Climate Change Data

Assore Limited

Climate Impact & Sustainability Data (2017, 2018)

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:1,244,428 tCO2e (Assmang) + 74,817 tCO2e (Assore) = 1,319,245 tCO2e
Scope 1 Emissions:377,768 tCO2e (Assmang) + 10,046 tCO2e (Assore) = 387,814 tCO2e
Scope 2 Emissions:866,660 tCO2e (Assmang) + 64,771 tCO2e (Assore) = 931,431 tCO2e
Total Energy Consumption:875,415 MWh (Assmang) + 69,261 MWh (Assore) = 944,676 MWh
Water Consumption:9,811,901 m3 (Assmang) + 736,945 m3 (Assore) = 10,548,846 m3
Waste Generated:6,581,071 tons (Assmang) + 783,152 tons (Assore) = 7,364,223 tons

ESG Focus Areas

  • Safety
  • Environmental Management
  • Community and Economic Development
  • Black Economic Empowerment (BEE)
  • Sustainable exploitation of mineral deposits

Environmental Achievements

  • Reduced greenhouse gas emissions (Specific figures available but require further breakdown into scopes 1, 2, and 3 for quantification)

Social Achievements

  • Total new employee houses completed: 1510 (Assmang) + 87 (Assore) = 1597
  • Community and economic development expenditure: R 69.5 million (Assmang) + R 27.6 million (Assore) = R 97.1 million

Governance Achievements

  • Compliance with the Mining Charter, specifically relating to BEE (details in separate report)

Climate Goals & Targets

Medium-term Goals:
  • Increase and sustain production from Nchwaning Mine to >4 million tonnes/year (Assmang)
  • Develop market for material from upper seam at Nchwaning Manganese Mine (Assmang)
  • Maintain HCFeMn production at Sakura Ferroalloys (Assmang)
  • Optimize alloy production to mitigate electricity price increases (Assmang)
  • Explore early-stage opportunities in iron ore, gold, lithium, etc. (Assore)
Short-term Goals:
  • Maintain steady-state production performance from Khumani Iron Ore Mine (Assmang)
  • Substitute ore from other pits at Beeshoek Iron Ore Mine (Assmang)
  • Execute sustainability and expansion project at Black Rock Manganese Mines (Assmang)
  • Enhance group’s position in South Africa’s chrome ore market (Assore)
  • Consolidate Dwarsrivier production (Assore)
  • Develop North Shaft at Dwarsrivier and upgrade beneficiation plant (Assore)

Environmental Challenges

  • Fluctuations in exchange rates
  • Changes in international commodity prices
  • World economic growth
  • South African logistical infrastructure
  • South African labour market
  • Resources and Reserves
  • Mining Charter requirements
Mitigation Strategies
  • Established Treasury and Credit Committee to limit exchange rate fluctuations
  • Diversified commodity portfolio to hedge against variable commodity prices
  • Continuous monitoring of market conditions and steel industry developments
  • Regular meetings with Transnet to optimize logistical channels
  • Early-stage wage negotiations to gain certainty on operating costs
  • Continuous monitoring of orebodies and exploitation in conjunction with market demand
  • Management of compliance aspects of the Mining Charter at all operations

Climate-Related Risks & Opportunities

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Safety
  • Human Resources
  • Environmental Impacts
  • Community Economic Development
  • Economic Impact

Climate Goals & Targets

Environmental Challenges

  • Water scarcity in the Northern Cape.
  • Legislation on GHG emissions and carbon taxes.
  • Rehabilitation and closure provisions for mines.
  • Pressure from mining communities for services, employment, and infrastructure.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI