VANCOUVER, BC, June 28,
2022 /CNW/ - Trevali Mining Corporation
("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF)
(Frankfurt: 4TI) announces
that it has published its 2021 Sustainability Report that details
our approach and progress towards integrating sustainability into
all aspects of our business.
"Trevali's fourth annual Sustainability Report represents the
latest stage of an evolution in our reporting as we make steps on
our journey to becoming a more sustainable organization," said
Ricus Grimbeek, President CEO. "While the report details some of
our accomplishments in 2021, I must first acknowledge the terrible
loss of eight of our colleagues at the Perkoa Mine in Burkina Faso. The intense and unseasonal
rainfall on the early morning of April 16,
2022, created a flash flood that breached the mine's
defenses, flooding the underground mine and fatally trapping eight
of our workers. Our most sincere condolences are with the families,
friends, and communities of our deceased colleagues at this
difficult time. All of us at Trevali grieve their loss. We will
never get our colleagues back, but we do pledge to learn and
implement all the lessons from this tragedy across our operations,
share these widely, and thereby play our part in helping the mining
industry to avoid such events in the future. The potential impact
of a changing global climate on the design and operation of mines
cannot be underestimated. Extreme weather events such as this,
occurring outside of the usual wet seasons, are devastating and it
appears likely that they are to become more frequent."
"At Trevali, we see the annual sustainability reporting process
as achieving two key objectives. Firstly, as a communication tool
to report 2021's ESG performance to our stakeholders transparently
and accurately in a balanced manner. And secondly, as an audit of
our ESG programs and systems in relation to our business goals,
using a third-party to pre-audit our ESG activities. In our 2021
report, you will read about our achievements, challenges, and our
progress towards our goals as the world still wrestled with the
COVID pandemic. In doing so, I hope that you will see how central
sustainability is to not only our business model but to the whole
mining industry. Integrating sustainability into every fiber of the
global industry is not going to be easy, but Trevali is committed
to playing its part in this vital strategic endeavour," said
Grimbeek.
Richard Weishaupt, Senior Vice
President, Health, Safety, Environment, and Community, stated, "In
the 2021 Sustainability Report there are many examples of how we
have progressed as a Company. "Regarding environmental compliance,
I am happy to report that once again in 2021, Trevali received no
material environmental penalties or fines at any of our operations.
In addition, something that demonstrates conservation of resources
having a positive impact on the environment as well as contributing
to economic efficiencies, 100% of total waste rock generated at our
operations was returned underground and repurposed as backfill. The
dedication of our teams over the long run is also evident at the
Perkoa Mine, where the group received the National Occupational
Health Inspection Award for operating the second-best private
occupational health clinic in Burkina
Faso and recognition from the National Council for our
efforts in supporting the fight against HIV and AIDS. Such
achievements reflect our long-standing commitment to the
communities where we operate. In 2021, we invested more than
$10.5 million in community
development projects across all our operations. The future offers
even more chances to innovate with the planned expansion of Rosh
Pinah and the construction of a nearby solar power plant to provide
30% of electricity needs."
2021 Sustainability Performance Includes:
- In 2021, we reduced our significant incidents by 30% over 2020
and our Total Recordable Injury Frequency (TRIF) for employees and
contractors combined was 8.7.
- Increased Board representation of women with three female
Directors out of eight on the Trevali Board following the
appointment of Jeane Hull effective
February 1, 2021. The Company
continues to encourage broader forms of diversity at the management
and Board level with a view to achieving the target of 30% of
senior leadership positions being held by women.
- Spent US$178 million procuring
goods and services from national suppliers, including US$110 million on local suppliers. A total of 86%
of our total supply chain is comprised of national business in the
countries in which we operate.
- Published a positive NI 43-101 Rosh Pinah Mine expansion
("RP2.0") Feasibility Study in
August 2021, with work continuing to
secure project financing for the expansion. RP2.0 is expected to increase the capacity of the
mine and mill by 86%, from 0.7 million tonnes per annum to 1.3
million tonnes per annum over a 12-year mine life. The expansion
project will incorporate sustainable technologies and processes to
improve the safety, health, environmental footprint, and local
economic impact of the mine, while strengthening our commitment to
local communities and the region.
- Entered into a 15-year renewable power purchase agreement with
EMESCO for the supply of solar power equivalent to 30% of the
expected annual energy consumption for the Rosh Pinah Mine. The
agreement was incorporated into the RP
2.0 feasibility study. Construction began in the second
quarter of 2022 and the power plant is expected to reduce
greenhouse gas (GHG) emissions at the Company level by 6%.
- Reported repurposed waste rock use for the first time resulting
from improved tracking practices. Achieved net positive waste rock
management with 100% of the total waste rock generated at all our
operations was kept underground and repurposed as backfill. In
fact, we repurposed 1.8 times more waste rock than we generated by
diverting 451,570 tonnes from legacy waste rock piles on our sites
as underground backfill. Trevali is committed to repurposing
historic waste rock as underground backfill whenever possible in
order to reduce our long-term environmental liability.
- Improved our Corporate Sustainability Assessment score for the
Dow Jones Sustainability Index (DJSI) from a 45 to a 50 during
2021, reflecting a continuation of improvements from Trevali's
score of 9 in 2018, and significantly above industry average score
of 34 in 2021.
The report was prepared with guidance from the Global Reporting
Initiative (GRI) Standards and select disclosures in accordance
with the Sustainability Standards Accounting Board (SASB) Metals
and Mining Industry Standards, covering the period from
January 1 to December 31, 2021.
Additionally, we have mapped our areas of focus to the United
Nations Sustainable Development Goals (SDGs). We are committed to
the Task Force for Climate Financial Disclosure (TCFD) and will be
progressing on the TCFD recommendations in 2022. Trevali's 2021
Sustainability Report, as well as the GRI and SASB Indices for the
report, can be found under the Sustainability Reporting section of
Trevali's website at Click Here.
Trevali welcomes comments, questions, or suggestions about the
sustainability report and related information. Please send your
feedback to sustainability@trevali.com.
About Trevali Mining Corporation
Trevali is a global base-metals mining Company headquartered in
Vancouver, Canada. The bulk of
Trevali's revenue is generated from zinc and lead concentrate
production at its three operational assets: the 90%-owned Perkoa
Mine in Burkina Faso, the
90%-owned Rosh Pinah Mine in Namibia, and the wholly owned Caribou Mine in
northern New Brunswick, Canada. In
addition, Trevali owns the Halfmile and Stratmat Properties and the
Restigouche Deposit in New Brunswick,
Canada. Trevali also owns an effective 44% interest in the
Gergarub Project in Namibia. The
Company's growth strategy is focused on the exploration,
development, operation, and optimization of properties within its
portfolio, as well as other mineral assets it may acquire that fit
its strategic criteria. Trevali's vision is to be a responsible,
top-tier operator of long-life, low-cost mines in stable pro-mining
jurisdictions. Trevali is committed to socially responsible mining,
working safely, ethically, and with integrity. Integrating
responsible practices into its management systems, standards, and
decision-making processes is essential to ensuring everyone and
every community's long-term sustainability.
The shares of Trevali are listed on the TSX (symbol TV), the
OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the
Frankfurt Exchange (symbol 4TI). For further details on Trevali,
readers are referred to the Company's website (www.trevali.com) and
to Canadian regulatory filings on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and
Statements
This news release contains "forward-looking information" within
the meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). Forward-looking statements are based
on the beliefs, expectations and opinions of management of the
Company as of the date the statement are published, and the Company
assumes no obligation to update any forward-looking statement,
except as required by law. In certain cases, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "outlook", "guidance", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might", "will
be taken", "occur" or "be achieved" or the negative of these terms
or comparable terminology. Forward-looking statements relate to
future events or future performance and reflect management's
expectations or beliefs regarding future events including, but not
limited to, statements with respect to the Company's operations,
including the Company's growth strategies and planned development
activities and achievement of the objectives stated in the 2021
sustainability report, the suspension of mining and milling
operations at Perkoa, the results of any investigation of the
flooding incident, and the Company's assessment of the effect of
the flooding on the safety and structural integrity of Perkoa's
underground areas and the length of time before underground mining
operations can be recommenced safely at Perkoa. By their very
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to the Company's plans
to remedy the impact of the flooding at the Perkoa Mine, including
that such efforts and plans will not be effective or achieve their
desired outcomes; dependence on key personnel; labour pool
constraints; labour disputes; increased operating and capital
costs; foreign currency exchange rate fluctuations; operating in
foreign jurisdictions with risk of changes to governmental
regulation; compliance with governmental regulations; compliance
with environmental laws and regulations; maintaining ongoing social
license to operate; impact of climatic conditions on the Company's
mining operations; limitations inherent in our insurance coverage;
litigation; and other risks of the mining industry including,
without limitation, other risks and uncertainties that are more
fully described in the Company's annual information form, interim
and annual audited consolidated financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review under the Company's
profile on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. Trevali provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events may differ from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
SOURCE Trevali Mining Corporation
