Ivanhoe Mines Publishes Eighth Annual Sustainability Report
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has released its eighth annual Sustainability Report for 2024, highlighting significant ESG achievements and commitment to responsible mining practices. The company's 'Mining with a greater purpose' philosophy delivered notable results including:
- Improved safety metrics with TRIFR reduced to 0.89 and LTIFR at 0.33
- Generated and distributed $5 billion in total value, with $1 billion paid in government taxes and royalties
- Expanded workforce by 38% with 2,900 new employees and $194 million in wages and benefits
- Completed Africa's largest eco-friendly copper smelter
- Achieved 75% local procurement sourcing
- Completed Platreef's 5-MW solar power facility
The report adheres to global frameworks including GRI 14, WEF SCM, LPRM, ICMM, and UNGC, demonstrating the company's commitment to sustainable mining excellence and stakeholder value creation.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) ha pubblicato l'ottimo Rapporto annuale sulla sostenibilità 2024, evidenziando importanti risultati ESG e l'impegno verso pratiche minerarie responsabili. La filosofia aziendale "Mining with a greater purpose" ha prodotto risultati significativi, tra cui:
- Miglioramento degli indicatori di sicurezza con TRIFR ridotto a 0,89 e LTIFR a 0,33
- Generazione e distribuzione di un valore totale di 5 miliardi di dollari, di cui 1 miliardo pagato in tasse e royalty governative
- Espansione della forza lavoro del 38% con 2.900 nuovi dipendenti e 194 milioni di dollari in salari e benefici
- Completamento del più grande impianto di fusione di rame eco-compatibile in Africa
- Raggiunto il 75% di approvvigionamento locale
- Realizzazione dell’impianto solare da 5 MW di Platreef
Il rapporto si conforma a standard globali come GRI 14, WEF SCM, LPRM, ICMM e UNGC, dimostrando l’impegno dell’azienda verso l’eccellenza nella sostenibilità mineraria e la creazione di valore per gli stakeholder.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) ha publicado su octavo Informe anual de Sostenibilidad para 2024, destacando importantes logros ESG y su compromiso con prácticas mineras responsables. La filosofía de la empresa "Mining with a greater purpose" ha generado resultados notables, incluyendo:
- Mejora en métricas de seguridad con TRIFR reducido a 0,89 y LTIFR a 0,33
- Generación y distribución de un valor total de 5 mil millones de dólares, con 1 mil millones pagados en impuestos y regalías gubernamentales
- Expansión de la plantilla en un 38% con 2,900 nuevos empleados y 194 millones de dólares en salarios y beneficios
- Finalización de la fundición de cobre ecológica más grande de África
- Logro del 75% en compras locales
- Completado el parque solar de 5 MW en Platreef
El informe cumple con marcos globales como GRI 14, WEF SCM, LPRM, ICMM y UNGC, demostrando el compromiso de la empresa con la excelencia en minería sostenible y la creación de valor para las partes interesadas.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF)는 2024년 제8차 연례 지속가능성 보고서를 발표하며 주요 ESG 성과와 책임 있는 광산업 관행에 대한 의지를 강조했습니다. 회사의 '더 큰 목적을 위한 채굴(Mining with a greater purpose)' 철학은 다음과 같은 주목할 만한 결과를 가져왔습니다:
- TRIFR 0.89, LTIFR 0.33으로 안전 지표 개선
- 총 50억 달러 가치 창출 및 분배, 정부 세금 및 로열티로 10억 달러 지급
- 38% 인력 확대로 2,900명 신규 채용, 1억 9,400만 달러 임금 및 복리후생 지급
- 아프리카 최대 친환경 구리 제련소 완공
- 75% 현지 조달 달성
- 플랫리프 5MW 태양광 발전 시설 완공
이 보고서는 GRI 14, WEF SCM, LPRM, ICMM, UNGC 등 글로벌 프레임워크를 준수하며, 지속가능한 광산업 우수성과 이해관계자 가치 창출에 대한 회사의 의지를 보여줍니다.
Ivanhoe Mines (TSX : IVN) (OTCQX : IVPAF) a publié son huitième rapport annuel sur la durabilité pour 2024, mettant en avant des réalisations ESG significatives et un engagement envers des pratiques minières responsables. La philosophie de l'entreprise « Mining with a greater purpose » a permis d’obtenir des résultats notables, notamment :
- Amélioration des indicateurs de sécurité avec un TRIFR réduit à 0,89 et un LTIFR à 0,33
- Génération et distribution d’une valeur totale de 5 milliards de dollars, dont 1 milliard versé en impôts et redevances gouvernementales
- Expansion de la main-d’œuvre de 38 % avec 2 900 nouveaux employés et 194 millions de dollars en salaires et avantages
- Achèvement de la plus grande fonderie de cuivre écologique d’Afrique
- Atteinte de 75 % d’approvisionnement local
- Finalisation de l’installation solaire de 5 MW à Platreef
Le rapport respecte des cadres mondiaux tels que GRI 14, WEF SCM, LPRM, ICMM et UNGC, démontrant l’engagement de l’entreprise envers l’excellence en matière d’exploitation minière durable et la création de valeur pour les parties prenantes.
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) hat seinen achten jährlichen Nachhaltigkeitsbericht für 2024 veröffentlicht, in dem bedeutende ESG-Erfolge und das Engagement für verantwortungsbewusste Bergbaupraktiken hervorgehoben werden. Die Unternehmensphilosophie „Mining with a greater purpose“ erzielte bemerkenswerte Ergebnisse, darunter:
- Verbesserte Sicherheitskennzahlen mit einem TRIFR von 0,89 und einem LTIFR von 0,33
- Generierung und Verteilung eines Gesamtwerts von 5 Milliarden US-Dollar, davon 1 Milliarde US-Dollar an Steuern und Abgaben an die Regierung
- Erweiterung der Belegschaft um 38 % mit 2.900 neuen Mitarbeitern und 194 Millionen US-Dollar an Löhnen und Sozialleistungen
- Fertigstellung des größten umweltfreundlichen Kupferhüttenwerks Afrikas
- Erreichung eines lokalen Beschaffungsanteils von 75 %
- Fertigstellung der 5-MW-Solaranlage bei Platreef
Der Bericht orientiert sich an globalen Standards wie GRI 14, WEF SCM, LPRM, ICMM und UNGC und zeigt das Engagement des Unternehmens für nachhaltige Bergbauexzellenz und die Schaffung von Wert für die Stakeholder.
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Ivanhoe Mines highlights 2024 sustainability performance and charts path to becoming a global industry leader
Johannesburg, South Africa--(Newsfile Corp. - April 16, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) today released its eighth annual Sustainability Report, showcasing the company's environmental, social, and governance (ESG) achievements throughout 2024. The comprehensive report details Ivanhoe's continued commitment to responsible mining practices and sustainable development across its operations.
Ivanhoe Mines' sustainability strategy is rooted in a core philosophy: "Mining with a greater purpose," which guides its approach to responsible resource development with initiatives aligned to the UN's 2030 Sustainable Development Goals. As a leader in the mining sector, Ivanhoe Mines continues to play a vital role in supplying critical metals that power the global energy transition while also pioneering innovative and responsible mining practices. The 2024 Sustainability Report details the ways this commitment is integrated throughout Ivanhoe's key projects.
Transformative achievements in 2024 include:
- Improvement in health and safety across all sites, with Total Recordable Injury Frequency Rate (TRIFR) reduced from 0.94 to 0.89 and a group Lost-Time Injury Frequency Rate (LTIFR) of 0.33 (per million manhours worked).
- Safety performance across operations remained exceptional with Total Recordable Injury Frequency Rates (TRIFR) significantly outperforming the industry standard: Kamoa-Kakula at 0.88, Platreef at 1.2, and Kipushi at 0.6 – all substantially below the International Council on Mining and Metals (ICMM) 2023 industry average of 2.59.
- During Phase 3 construction at the Kamoa-Kakula Copper Complex, a Total Recordable Injury Frequency Rate (TRIFR) of 0.20 was achieved across a workforce of 10,500 contractors.
- In 2024, Ivanhoe Mines, together with our joint venture partners, created and distributed a total value of
$5 billion . - Approximately
$1 billion was paid in government taxes and royalties in 2024. - Ivanhoe Mines expanded its global workforce significantly in 2024, welcoming nearly 2,900 new employees – a
38% increase from the previous year. $194 million was contributed to wages and benefits.- Ivanhoe Mines completed the construction of Africa's largest and most environmentally friendly copper smelter.
- Professional development opportunities were delivered to 1,800 employees, resulting in 505 internal promotions.
- Ivanhoe Mines demonstrates a strong commitment to local economic development, with approximately
75% of all procurement sourced from local suppliers and contractors. - Reported complete Scope 3 GHG emissions for the first time, increasing transparency and providing a deeper understanding of Ivanhoe's indirect carbon footprint.
- Construction of Platreef's 5-MW solar power facility was completed in early 2025. The power generated by the plant will support development activities and operations.
- Strengthened human rights compliance through comprehensive due diligence assessments across all major operations in 2024, including Platreef, Kipushi, and an updated review at Kamoa-Kakula, with the latter incorporating an additional assessment based on the Voluntary Principles on Security and Human Rights (VPSHR).
Ivanhoe Mines' President and Chief Executive Officer, Marna Cloete, commented:
"Our 2024 Sustainability Report represents more than just a collection of achievements – it's a testament to our vision of reimagining mining for the future and marks a pivotal moment in our evolution as we strengthen our position as a global leader in sustainable mining excellence. This year's results prove that mining can align business excellence with purpose. We've shown that by responding to the evolving needs of our stakeholders and employees, while maintaining our commitment to sustainability, we can create meaningful impact for our communities while delivering value to our shareholders."
The report maintains rigorous adherence to global reporting frameworks, including:
- Global Reporting Initiative's GRI 14: Mining Sector Standard 2024
- World Economic Forum's Stakeholder Capitalism Metrics (WEF SCM).
- Local Procurement Reporting Mechanism (LPRM)
- International Council on Mining and Metals' 10 principles (ICMM)
- United Nations Global Compact (UNGC)
This comprehensive approach ensures transparent communication with stakeholders while maintaining alignment with international best practices in sustainability reporting.
For the full 2024 Sustainability Report, visit the Ivanhoe Mines website:
https://www.ivanhoemines.com/investors/document-library/#sustainability
Watch the video introducing the eighth annual Sustainability Report and its achievements across Ivanhoe's projects:
https://youtu.be/mV2hPQSU08g
Ivanhoe Mines 2024 Sustainability Report
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Featured below are some 2024 initiatives captured in photos that showcase real progress toward a sustainable future.
Carl Schoeman, Environmental Coordinator, tends to the beehives at Platreef's expanding apiary program. The initiative, part of Ivanhoe Mines' biodiversity and sustainable farming commitment, saw remarkable growth in 2024 with an expansion from five to 60 hives at New Horizon Farm.
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Students from the class of 2024/2025 at the Kamoa Centre of Excellence. The Centre is a higher education facility built by Kamoa Copper to produce the next generation of mining leaders.
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Kamoa-Kakula launched an environmental awareness and waste campaign in eight local primary schools to teach young school children the importance of keeping the schools clean, protecting our earth, and taking action.
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DRC President, His Excellency Félix Tshisekedi, alongside Ivanhoe Mines' President Marna Cloete and Gécamines' Chairman Guy Robert Lukama, cuts the ribbon to mark the formal reopening of the Kipushi Mine.
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For a second year, Platreef has partnered with Captain Fanplastic to educate young community members on the importance of managing waste, preventing plastic pollution, and driving changes through environmental awareness.
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Graduates of the Alfa Congo Adult Literacy Program gather outside the Kamoa Centre of Excellence. Students from ten local communities completed the nine-month program, gaining essential numeracy and literacy skills.
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Local resident, Ferdinand Mutumba, tends to the tomato plants in the community garden, part of the new Sustainable Livelihoods Program at Kipushi.
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About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the ramp-up of the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC, and the phased development of the tier-one Platreef palladium-nickel-platinum-rhodium-copper-gold project in South Africa.
Ivanhoe Mines is also exploring its highly prospective, 60
Information contact
Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_) on X.
Information contact
Investors
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
Media
Tanya Todd +1.604.331.9834
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248773
FAQ
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