Titanium and zircon miner Kenmare Resources has set a short term target to reduce CO2 emissions by 12% by 2024.
The company, which operates the Moma Titanium Minerals Mine in northern Mozambique, has published its Sustainability Report and its inaugural Climate Strategy Report for 2021.
It said its climate policy has been approved by the Kenmare board and its ambition to be Net Zero by 2040 has been established.
The new reports shows that over 90% of Kenmare's electricity requirements last year were generated from renewable (hydroelectric) sources, while 198 hectares of mined land was rehabilitated, up from 181 hectares the previous year.
It also reveals that $2.3m of continued investment was made into local communities through the Kenmare Moma Development Association, up 15% on last year.
Kenmare said that 97% of its employees at the Moma Mine were Mozambican, with 83% of Moma management roles also held by Mozambicans, including the General Manager. This marked a slight improvement from 80% in 2020.
The miner said it was named as the most transparent company in Mozambique for the second consecutive year by the Centro de Integridade Pública (CIP) Extractive Industry Transparency Index.
Kenmare reported its lowest ever "Lost Time Injury Frequency Rate" in 2021 of 0.03 per 200,000 hours worked, an improvement of 88% compared to 2020.
Michael Carvill, Kenmare's managing director, said the company continues to strive to create long-term sustainable benefits for all its stakeholders and make a tangible difference to the lives of its Mozambican host communities.
"With the publication of our second Sustainability Report and our first Climate Strategy Report, we continue to raise the standards of environmental, social and governance we hold ourselves to, and remain focused on our purpose of 'responsibly meeting global demand for quality-of-life minerals'," he added.
Elaine Dorward-King, Chair of Kenmare's Sustainability Committee, said the company made important progress in 2021 in all aspects of its sustainability agenda, most notably with its excellent safety record.
"The updated Sustainability Strategy sets out short and medium-term targets, which include continuing to increase the representation of women within the business, growing the economic opportunities associated with the Moma Mine through increased local procurement, and building upon our progressive rehabilitation programme to better balance food security and biodiversity," she said.
