Minco Silver Corporation
Climate Impact & Sustainability Data (2005-2009, 2021)
Reporting Period: 2005-2009
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Health
Climate Goals & Targets
Environmental Challenges
- Dust and transport vehicle night time noise emissions exceeding statutory limits at Shangwanxin Village.
- Potential for plumb vibration levels from mine blasting causing shaking of buildings near Luzhou and Jianggen Villages and the proposed Textile College site.
- Potential risk to groundwater resources from leached metals or acid drainage from the TSF and WSF due to variable soil and rock permeability.
- Potential for groundwater drawdown resulting in surface subsidence, cave-ins, or fracturing, affecting groundwater wells and fish ponds in nearby villages.
- Geological hazards such as landslides and surface cave-ins near the Fuwan Water Plant, Gaoming-Gaoyao road, and the mouth of the valley of the proposed Waste Rock Facility (WRF).
Mitigation Strategies
- Wetting down access roads during dry and windy conditions and prohibiting night time transportation.
- Developing a blasting plan that limits explosive weight, number of holes per shot, and time delay between shots.
- Conducting a geotechnical survey to determine TSF and WSF basement permeability and installing natural liners if necessary; installing groundwater monitoring wells.
- Conducting additional investigations into groundwater drawdown, including a water balance study; quantifying potential effects of drawdown.
- Undertaking additional work to understand the geotechnical state of ground above the proposed underground mine; identifying areas prone to subsidence or cave-in and determining at-risk properties.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Significant delays in the renewal of exploration permits of both the Fuwan Silver Deposit and Changkeng Gold Project.
- Travel restrictions in connection with Covid-19 since early 2020, resulting in limited site visits.
- The Covid-19 outbreak has spread throughout the world since early 2020, causing companies and various international jurisdictions to impose restrictions, such as quarantines, closures, cancellations and travel restrictions.
Mitigation Strategies
- Renewal of exploration permits for Fuwan Silver Project (5 years) and Changkeng Gold Project (2 years).
- Continued permitting process to obtain mining licenses on both projects.
- Strategy to secure a large Chinese mining group as a business partner to develop the Fuwan Project and the adjoining Changkeng Project.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101