REG - Horizonte Minerals - HORIZONTE MINERALS PLC 2022 SUSTAINABILITY REPORT

Horizonte MineralsAnnouncement

24/05/2023 07:00

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RNS Number : 4211A  Horizonte Minerals PLC  24 May 2023

NEWS
RELEASE

24 May 2023

 

HORIZONTE MINERALS PLC 2022 SUSTAINABILITY REPORT

 

Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the "Company") is
pleased to announce that it has published its 2022 Sustainability Report. This
report, which is the Company's fourth consecutive standalone annual
sustainability report has been prepared in accordance with the Global
Reporting Initiative Standards (GRI) 'Core' option and is accompanied by a
wider set of disclosures on Horizonte's sustainability performance. These
disclosure standards and frameworks, including the United Nations Global
Compact, Sustainability Accounting Standards Board Metals and Mining
Sustainability Accounting Standard, and the Mining Local Procurement Reporting
Mechanism, provide insight into how Horizonte is making the transition from
developer to producer in a sustainable manner and demonstrates the Company's
commitment to transparent business conduct and its work to manage any
potential social and environmental impacts.

 

Jeremy Martin, CEO of Horizonte, commented:

 

"It gives me great pleasure to introduce our Sustainability Report for 2022.
Embedding sustainability in our operational practices means tackling the major
environmental, social and governance challenges that companies like ours are
currently facing in the mining and metals sector - including decarbonization
and the continuing need to minimise our own environmental footprint.

 

"As countries around the world move towards climate-smart economies, there is
growing recognition of the importance of the natural environment within global
society. As we develop the Araguaia nickel operation, we are meeting the
challenge of managing these precious shared resources, including water,
biodiversity, land and air, whilst producing the minerals that are vital to
this low-carbon transformation.

 

"Horizonte is committed to creating lasting value for future generations. We
are building a business that is designed to create value for all stakeholders
for many years to come."

 

2022 Sustainability highlights include:

 

A Great Place to Work

·    Zero fatalities and zero lost time injuries

·    100% COVID workforce vaccination

·    Zero human rights complaints

·    Inclusion and Diversity policy

Proud Partners

·    Strategic partnerships established for local employment and supplier
capacity development

·    Stewardship initiatives to minimise impact and protect biodiversity

Acting with Integrity

·    Board review of governance architecture

·    Inauguration of Board-level Sustainability Committee

Achieving Growth Goals

·    Supplier Code of Conduct

·    Araguaia Critical Habitat Assessment to complement Biodiversity
Action Plan

Operational Excellence

·    10-year energy supply secured from primarily renewable sources

·    High gender diversity with 30% female employees

·    99% of Brazil workforce are Brazilian in line with our local content
objectives

·    Over 50% of our procurement spend was with Brazilian companies,
enhancing local value retention

 

 

For further information, visit www.horizonteminerals.com
(http://www.horizonteminerals.com) or contact:

 

 Horizonte Minerals plc                                                     info@horizonteminerals.com (mailto:info@horizonteminerals.com)

 Jeremy Martin (CEO)                                                        +44 (0) 203 356 2901

 Simon Retter (CFO)

 Patrick Chambers (Head of IR)

 Peel Hunt LLP (Nominated Adviser & Joint Broker)                           +44 (0)20 7418 8900

 Ross Allister

 David McKeown

 BMO (Joint Broker)                                                         +44 (0) 20 7236 1010

 Thomas Rider

 Pascal Lussier Duquette

 Andrew Cameron

 Tavistock (Financial PR)                                                   +44 (0) 20 7920 3150

 Emily Moss

 Cath Drummond

 

 

ABOUT HORIZONTE MINERALS

Horizonte Minerals plc (AIM & TSX: HZM) is developing two 100%-owned, Tier
1 projects in Pará state, Brazil, the Araguaia Nickel Project and the
Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade,
low-cost, low-carbon and scalable. Araguaia is under construction with first
metal scheduled for early 2024, when fully ramped up with Line 1 and Line 2,
is forecast to produce 29,000 tonnes of nickel per year. Vermelho is at
feasibility study stage and is expected to produce 24,000 tonnes of nickel and
1,250 tonnes of cobalt to supply the EV battery market. Horizonte's combined
production profile of over 60,000 tonnes of nickel per year positions the
Company as a globally significant nickel producer. Horizonte's top three
shareholders are La Mancha Investments S.à r.l., Glencore plc and Orion
Resource Partners LLP.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain
information contained in this press release constitutes "forward-looking
information" under Canadian securities legislation. Forward-looking
information includes, but is not limited to, the ability of the Company to
complete any planned acquisition of equipment, statements with respect to the
potential of the Company's current or future property mineral projects; the
ability of the Company to complete a positive feasibility study regarding the
second RKEF line at Araguaia on time, or at all, the ability of the Company to
complete a positive feasibility study regarding the Vermelho Project on time,
or at all, the success of exploration and mining activities; cost and timing
of future exploration, production and development; the costs and timing for
delivery of the equipment to be purchased, the estimation of mineral resources
and reserves and the ability of the Company to achieve its goals in respect of
growing its mineral resources; the realization of mineral resource and reserve
estimates and achieving production in accordance with the Company's potential
production profile or at all. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or "will
be taken", "occur" or "be achieved". Forward-looking information is based on
the reasonable assumptions, estimates, analysis and opinions of management
made in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the date that
such statements are made, and are inherently subject to known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking information,
including but not limited to risks related to: the inability of the Company to
complete any planned acquisition of equipment on time or at all, the ability
of the Company to complete a positive feasibility study regarding the
implementation of a second RKEF line at Araguaia on the timeline contemplated
or at all, the ability of the Company to complete a positive feasibility study
regarding the Vermelho Project on the timeline contemplated or at all,
exploration and mining risks, competition from competitors with greater
capital; the Company's lack of experience with respect to development-stage
mining operations; fluctuations in metal prices; uninsured risks;
environmental and other regulatory requirements; exploration, mining and other
licences; the Company's future payment obligations; potential disputes with
respect to the Company's title to, and the area of, its mining concessions;
the Company's dependence on its ability to obtain sufficient financing in the
future; the Company's dependence on its relationships with third parties; the
Company's joint ventures; the potential of currency fluctuations and political
or economic instability in countries in which the Company operates; currency
exchange fluctuations; the Company's ability to manage its growth effectively;
the trading market for the ordinary shares of the Company; uncertainty with
respect to the Company's plans to continue to develop its operations and new
projects; the Company's dependence on key personnel; possible conflicts of
interest of directors and officers of the Company, and various risks
associated with the legal and regulatory framework within which the Company
operates, together with the risks identified and disclosed in the Company's
disclosure record available on the Company's profile on SEDAR at
www.sedar.com, including without limitation, the annual information form of
the Company for the year ended December 31, 2022, and the Araguaia and
Vermelho Technical Reports available on the Company's website
https://horizonteminerals.com/. Although management of the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements.

 

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