ESG

Australian Mines aims to be carbon neutral

Battery minerals developer Australian Mines has set itself the target of becoming certified Carbon Neutral under the Australian government’s Climate Active program by the end of the year.

Australian Mines aims to have its Sconi operation in Queensland, Australia, certified carbon neutral by year's end.

Australian Mines aims to have its Sconi operation in Queensland, Australia, certified carbon neutral by year's end.

The company aims to get there through reducing its greenhouse gas emissions and offsetting its remaining carbon-generating activity.

It is partnering with Pangolin Associates to develop a carbon neutrality plan.

Pangolin Associates is a sustainability, carbon and energy management consultancy working with the Climate Active Program.

Australian Mines managing director Benjamin Bell said being 100% carbon neutral was a natural extension of the company's environmental, social and governance activities.

In March the company also gained membership of the Initiative for Responsible Mining Assurance.

IRMA verifies and certifies socially and environmentally responsible mining.

Australian Mines is trying to get IRMA certification for its Sconi project in Queensland.

Bell said Australian Mines expected to begin implementing its carbon neutrality plan by June 30 and be formally certified by the Australian government before the end of the year.

"Investing in becoming a carbon neutral business is investing to build a long-term sustainable future for Australian Mines and long-term value creation for our shareholders, he said.

"We will join more than 90 organisations across Australia that have attained certified carbon neutrality, leading to more than 15 million tonnes of carbon emissions being offset or the equivalent of 4 million cars being of the road for a year."

Australian Mines Sconi project received Prescribed Project status from the Queensland government in early 2019.

The company is trying to secure binding offtake agreements and finance for a US$1 billion proposed cobalt-nickel-scandium operation that could produce 1.4 million tonnes of nickel sulphate and 209,000t of cobalt sulphate over a planned 30-year mine life.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Q1 Mining Equities Report 2023

Discover new trends in mining investment with insights into capital raisings and share price performance of more than 2,500 companies.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.