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Collective Mining Releases Sustainability / ESG Report For 2023
Posted On August 7, 2024
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Tag: apollo system, ari sussman, caldas, collective mining, colombia, copper, delfines cupica redd+, Environmental, esg, gold, gold mine, gold mining, governance, guayabales, nyse:cnl, omar ossma, plutus target, porphyry, silver, social, supia, sustainability report, tower, trap system, TSX: CNL, tungsten, x system
Canada-headquartered Colombian mine developer Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) has released its 2023 Sustainability Report, detailing the company’s environmental, social, and governance (ESG) activities in the Department of Caldas, Colombia. The report outlines the company’s impacts and mitigation measures in the region.
In 2023, Collective Mining significantly increased its social investments, contributing over $280,000 independently and $822,944 in partnership with strategic collaborators. The funds were allocated to community projects, aqueduct enhancements, road construction, communal facility improvements, agricultural initiatives, and support for women entrepreneurs, benefiting over 1,700 individuals.
Key Highlights from the 2023 Sustainability Report
- Safety Record: The company reported a Total Recordable Injury Frequency Rate (TRIFR) of 0, concluding 2023 with 710 days without lost time incidents.
- Environmental Initiatives: Collective Mining planted 1,900 seedlings to protect areas near water sources, with a focus on supporting local aqueducts.
- Carbon Neutrality: The company conducted its second carbon footprint assessment and achieved carbon neutrality by purchasing 700 offset credits from the “Delfines Cupica REDD+” conservation project.
Omar Ossma, President and CEO of Collective Mining, commented, “Integrating our sustainability initiatives early into our operations builds a strong foundation in our host region, which will support the success of our mining project.”
The full Sustainability Report is available on the company’s website at www.collectivemining.com under the Sustainability section.
About Collective Mining Ltd.
Collective Mining Ltd., founded by the team that developed and sold Continental Gold Inc. to Zijin Mining, is an exploration company focusing on copper, silver, gold, and tungsten projects in Caldas, Colombia. The company holds options to acquire 100% interests in two projects within an established mining camp with ten fully permitted and operating mines.
The flagship project, Guayabales, is centered on the Apollo system, known for its large-scale, bulk-tonnage, high-grade copper-silver-gold-tungsten porphyry. In 2024, the company aims to expand the Apollo system, explore the Trap system, and pursue new discoveries at the Tower, X, or Plutus targets.
Management, insiders, a strategic investor, and close family and friends own nearly 50% of the company’s outstanding shares, aligning their interests with shareholders. Collective Mining is listed on the NYSE and TSX under the trading symbol “CNL” and on the FSE under the symbol “GG1
