Pensana Plc - Pensana awarded Sustainability Gold by EcoVadis
2024年7月30日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
Pensana Plc - Pensana awarded
Sustainability Gold by EcoVadis
PR Newswire
LONDON, United Kingdom, July 30
THIS
ANNOUNCEMENT CONTAINS INSIDER INFORMATION
Pensana
Plc
("Pensana"
or the "Company")
Pensana
awarded Sustainability Gold by EcoVadis
![A large area with trucks and buildings in the backgroundDescription automatically generated](https://mb.cision.com/Public/22347/4019373/8e52a73024ba9edc_800x800ar.png)
Pensana
(PRE.L) is pleased to announce that it has been awarded a Gold
Medal by EcoVadis, a leading sustainability
ratings provider, placing it among the top 5% of the companies
assessed.
The
ratings by EcoVadis are widely used by the automotive and offshore
wind OEMs to monitor the ESG credentials of potential suppliers and
are based on a detailed assessment of operations in the areas of
environment, sustainability, procurement, labour and human rights
and ethics.
The award
follows the award by S&P Bond Rating Agency CICERO in 2022
which rated the Company’s operations as Light
Green with Good
Governance.
Tim George, Pensana CEO,
commented: “We
have strong demand for our rare earth products and this recognition
from EcoVadis emphasises the very high standards of sustainability
our customers can rely on from us.
The
award represents the culmination of the strong focus on
sustainability by the Pensana team notably Danny McNeice (Sustainability Manager), Magu
Adriano (Social and RAP Manager), Benedito
Dumbo (Longonjo Site Manager) and Henda
Guimarães (Environment Coordinator).
Angola was one of the biggest gainers in the recently
published Fraser Institute’s annual survey of mining jurisdictions
attractiveness and a big part of this re-rating was the supportive
fiscal terms and the excellent infrastructure which each play their
part in achieving high levels of sustainability.
We are
also extremely appreciative for the ongoing support from the
Angolan Sovereign Wealth Fund and are aiming to build on this
support by making Angola one of
the world’s most sustainable suppliers of rare
earths.”
Pensana
will continue to operate under the EcoVadis tracking and reporting
system, as leadership in global sustainability is critical to our
long-term growth strategy.
Pensana’s
Blueprint for Sustainable Rare Earths, demonstrating our strategic
commitment to ESG, can be found here.
About
Longonjo
The
electrification of motive power through EVs and Wind Turbines is
the biggest energy transition in history and is forecast to
generate a demand growth for magnet metal NdPr of 7.5% CAGR over
the next decade.
Pensana
owns one of the world's largest undeveloped rare earth mines, and
one of only three with a JORC Reserve >100,000 tonnes of
NdPr.
At full
production Longonjo will produce ~5% of world production of NdPr in
the form of an exported mixed rare earth carbonate.
The
upfront capital cost of US$217
million for the fully permitted mine and processing
facilities is amongst the lowest amongst its peers making Pensana
highly competitive.
The
information contained within this announcement is considered by the
Company to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No.596/2014. Upon the publication of
this announcement via a Regulatory Information Service, this inside
information will be considered to be in the public domain. The
person responsible for arranging for the release of this
announcement on behalf of the Company
is Paul
Atherley, Chairman.
–
ENDS
–
For
further information, please contact:
Shareholder/analyst
enquiries:
Pensana
Plc
Paul Atherley, Chairman IR@pensana.co.uk
Tim George, Chief Executive Officer
Rob Kaplan, Chief Financial Officer
Pensana (LSE:PRE)
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