Mining operations involve the use of toxic substances and requires the storage of large volumes of waste materials in tailings dams, which could result in spillages and significant environmental damage. The Group is subject to environmental laws and regulations which are continually developing, including those to tackle climate change. Failure to comply with applicable laws could lead to the suspension of operating licences, the imposition of financial penalties or costly compliance costs and reputational damage.
Increased levels of production from Bozshakol and Aktogay will increase the Group’s environmental footprint and energy and water consumption.
Policies and procedures are in place to set out required operating standards and to monitor environmental impacts. The Group liaises with relevant governmental bodies on environmental matters, including legislation changes.
Bozshakol and Aktogay utilise modern technology which will improve the Group’s environmental efficiency compared to historic operations.