Australian Mines aims to be carbon neutral
Monday, April 6th, 2020
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.