Page 34 - Bullion World Volume 04 Issue 08 August 2023

Bullion World | Volume 3 | Issue 8 | August 2023

2. Clean fuel alternative accounted for 32.5% of total • In conclusion, Mr Wang claimed
• Promote electrification electricity consumption. that almost 92% of employees
substitution on transportation are local residents, and Zijin
vehicles and steam boilers 3. Carbon-negative footprint Mining hasn’t detected any
• Fujian's first ammonia-to- • Restored vegetation of 12.75 human rights violations. The
hydrogen and hydrogenation million square meters, planted main targets are to reduce the
integrated demonstration station 1.21 million trees in 2022 carbon footprint by 20% by the
project. • 66% of the mines have year 2025 and hopes to achieve
• Installed capacity of clean implemented a biodiversity a carbon-neutral footprint by
power: 167.48 MW (on an equity conservation scheme the year 2050. Zijin Mining
basis), generating 257 million • ISO 14001 certification also strives to reduce water
kWh of electricity and reducing coverage 97.5% consumption which is a key
emissions by 146,800 tonnes of • Investment in environmental aspect of its ESG activities.
CO2 equivalent protection RMB1.47 billion in
• Total clean energy use 2022.

Questions-
Ms Hannah to Mr Wayne Gordon- What do the Ms Hannah to Mr Jonathan- What are the customer
investors/stakeholders look at while buying mined preferences when buying gold? And is recycled
gold? gold better in any way than mined gold?
The welfare of the local communities is given a lot of There is no one gaining from opposing recycled gold.
importance and how the employees are treated in the Both mined and recycled gold have their pros and cons
mining area. The climate change around the mine is also but it mainly depends on the consumer’s products and
considered to see the efficiency of the mine production. what it is being used for. In the watch industry there is an
inclination towards recycled gold but some of the smaller
Ms Hannah to Mr Robin- How does Zijin mining industries opt for gold from a single mine and are keen
report its ESG activities? on knowing the process of production.
Responsible mining is basically adhering to the set of
principles with regards to ESG. As a mining company Ms Hannah to Mr Jonathan- What can the industry
these ESG guidelines will benefit the company by do to decrease the carbon footprint?
demonstrating high standards. Regular efficiency reports A change in technologies and efficient use of resources
with regards to ESG are published so the consumers can be the two main ways to decrease the carbon
are aware of the safe practices we follow. These ESG footprint which must be implemented as soon as
regulations will help increase the efficiency of the mining possible.
sector and help decrease the carbon footprint.

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