Shanta benchmarks sustainability efforts with inaugural sustainability report
East Africa-focused gold producer, developer and explorer Shanta Gold achieved several sustainability and health and safety milestones in 2021, such as a lost time injury frequency rate of zero and a total recordable injury frequency rate of 0.67.
According to its first sustainability report – which covers activities at its Tanzania-based New Luika gold mine and Singida project, and Kenya-based West Kenya project throughout 2021 – the miner achieved a rate of 99% local employment in Tanzania and Kenya; while local procurement totalled $67.9-million from Tanzanian or Kenyan suppliers. This figures covers 85% of total purchases.
As for its carbon intensity, Shanta Gold’s Scope 1 and 2 greenhouse-gas (GHG) emissions intensity in 2021 was 0.73 t of carbon dioxide equivalent for every ounce of gold sold.
The miner was also awarded first place for its environmental and safety compliance, corporate social responsibility projects, and local content performance at the 2022 International Mineral and Mining Investment Conference in Tanzania.
Shanta CEO Eric Zurrin says the company has “always” sought to put social responsibility at the “heart” of what it does and conduct business ethically to deliver sustainable returns for shareholders while creating long-term benefits for its host-country stakeholders within and around its assets.
“In 2021 we benchmarked, measured and disclosed our performance in relation to material environmental, social and governance (ESG) issues in our inaugural sustainability report, informed by a materiality assessment conducted with our key stakeholders in consultation with an expert independent sustainability consultant,” he says.
In terms of the environment and community stewardship, Shanta had zero water discharge in 2021, zero reportable tailings incidents and zero reportable environmental and community incidents across its operations in the year.
Shanta’s investment in community projects in 2021 totalled $300 000, with $1.3-million spent on community programmes in host countries since 2017.
Further, the miner completed a materiality assessment in 2021, with internal and external stakeholders, to proactively address key ESG risks and identify opportunities to increase positive impact for stakeholders.
Going forward, Shanta is committing, this year, to start aligning climate disclosure against the framework set out by the Task Force on Climate Related Financial Disclosures to report in line with best practice for main market listed companies.
Zurrin adds that in 2021, Shanta continued supporting its local communities through direct funding of health and education-focused community projects, while strengthening the socioeconomic development of the regions it operates in through local employment and procurement, represented by the 99% of its total employees who are employed from host nations and 87% of procurement coming from Tanzania or Kenya.
“We were pleased to benchmark well against our peers on an intensity basis for Scope 1 and 2 GHG emissions and are committed to do what we can to further decarbonise our operations,” he says.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation