VANCOUVER, BC, June 3, 2021 /CNW/ - Trevali Mining
Corporation ("Trevali" or the "Company") (TSX: TV) (BVL:
TV) (OTCQX: TREVF) (Frankfurt:
4TI) announces that it has published its 2020 Sustainability
Report, covering new performance targets and disclosures.
"Our third annual Sustainability Report marks another
substantial milestone in bringing us closer to fulfilling our
purpose in becoming the world's most sustainable mining company"
said Ricus Grimbeek, President and CEO. The unprecedented events of
2020 remind us how critical sustainability planning is for the
people and communities that host us, not only during a crisis but
in the years ahead. It also highlights the role our industry plays
in protecting the planet. Sustainability is core to our business
and is an integral part of our decision-making processes, driving
us to contribute to a greener and safer global economy. Over the
years, the excellent planning of our teams allowed us to achieve
our sustainability goals in 2020, deliver on production guidance,
reduce debt and bring a mine out of care and maintenance during the
pandemic. We continue to adopt innovative practices, use new
technologies, and achieve net-positive outcomes for society and the
natural environment while delivering value for our shareholders
despite the challenges of 2020."
Trevali believes that metals critical for the world's transition
to a low carbon society must be mined responsibly. Zinc, lead, and
silver are used in low-carbon technologies, which enable the
transition to electric vehicles and renewable energy. The Company
mines these metals in a socially and environmentally responsible
way, to mitigate risks and protect the value of the business for
our stakeholders over the long-term.
2020 SUSTAINABILITY PERFORMANCE INCLUDED:
- Achieved a 35% reduction in Total Recordable Injury Frequency
(TRIF) in 2020 compared to 2019. This was in addition to the 45%
reduction in TRIF achieve in 2019. The results are due to our
continued focus on monitoring the effectiveness of controls to
manage safety risks.
- Recorded zero fatalities during 2020.
- Recorded zero human rights incidents and zero human rights
violations at our global operations during 2020.
- Fulfilled the diversity target of 30% of independent directors
on the Trevali Board to be women. The Company continues to
implement specific recruitment actions that will mitigate bias and
encourage broader forms of diversity at the management and board
level with a view to achieving the target of 30% of senior
leadership positions being held by women.
- Spent US$100 million in procuring
goods and services from local suppliers, and 97% of Trevali's
workforce are nationals from the country of operation.
- Revised our 2019 greenhouse gas reduction target from an
absolute basis to an intensity-based target (tonnes processed)
focused on reducing the intensity of the Company's emissions by 25%
by 2025, from a 2018 baseline of 0.04 tCO2e per tonne of ore
processed.
- Entered into a renewable power purchase agreement with EMESCO
for the supply of solar power equivalent to 30% of the expected
annual energy consumption for the Rosh Pinah Mine. The agreement
was incorporated into the RP 2.0
feasibility study which is expected to be released in H2 2021.
Trevali's 2020 Sustainability Report can be found under the
Sustainability Reporting section of Trevali's website at Click
Here.
ABOUT TREVALI
Trevali is a global base-metals mining Company headquartered in
Vancouver, Canada. The bulk
of Trevali's revenue is generated from base-metals mining at
its four operational assets: the 90%-owned Perkoa Mine in
Burkina Faso, the 90%-owned Rosh
Pinah Mine in Namibia, the
wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned
Santander Mine in Peru. In
addition, Trevali owns the Halfmile and Stratmat Properties
and the Restigouche Deposit in New
Brunswick, Canada, and the past-producing Ruttan Mine
in northern Manitoba, Canada.
Trevali also owns an effective 44%- interest in the Gergarub
Project in Namibia, as well as an
option to acquire a 100% interest in the Heath Steele
deposit located in New Brunswick, Canada.
The shares of Trevali are listed on the TSX (symbol TV), the
OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and
the Frankfurt Exchange (symbol 4TI). For further details on
Trevali, readers are referred to the Company's website
(www.trevali.com) and to Canadian regulatory filings on
SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and
Statements
This news release contains "forward-looking information" within
the meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). Forward-looking statements are based
on the beliefs, expectations and opinions of management of the
Company as of the date the statement are published, and the Company
assumes no obligation to update any forward-looking statement,
except as required by law. Forward-looking statements relate to
future events or future performance and reflect management's
expectations or beliefs regarding future events including, but not
limited to, statements with respect to the Company's operations,
including the impact on the COVID-19 pandemic, the Company's growth
strategies and planned development activities and achievement of
the objectives stated in the 2020 sustainability report. By their
very nature, forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including, without limitation, the various risks and
uncertainties that are more fully described in the
Company's annual information form, interim and annual audited
consolidated financial statements and management's discussion and
analysis of those statements, all of which are filed and available
for review under the Company's profile on SEDAR at www.sedar.com.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. Trevali provides
no assurance that forward-looking statements will prove to be
accurate, as actual results and future events may differ from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
SOURCE Trevali Mining Corporation