ESG

Environmental:

Since acquiring the mine out of receivership, Tungsten West have addressed a number of issues that were encountered by the previous operators, Wolf Minerals Ltd., including Low Frequency Noise, Blasting, Dust and Land Clearance, and are making direct and substantial modifications to the plant to ensure these are mitigated before operations commence. This includes initiatives such as the optimisation of the plants energy usage to ensure minimal environmental impact and a fully cash funded restoration commitment in place with a £13.2m Restoration Bond, as well as the Company’s involvement in a principal tree planting scheme, which plants 42,000 trees alongside creating important Biodiversity Enhancement Zones.

Below is how Tungsten West pledges to address certain historical issues: 

 

Low Frequency Noice (LFN):

Tungsten West are reducing the amount of material entering the process plant that will significantly streamline the sorting process with less crushing required. Due to these new processing techniques being implemented, combined with innovative technology, there will be a significant reduction in the size of the screening panels required which will have a hugely positive impact on the level of LFN.

 

Blasting:

Previously, Wolf Minerals would run blasts up to three times a week. However, Tungsten West is collating a Blast Impact Minimisation and Monitoring Scheme which will be examined and approved by the Mineral Planning Authority and will outline the best available techniques for blasting at the mine. Additionally, through open and transparent dialogue with residents, the company will be able to present the mitigation plan once complete.

 

Dust:

Tungsten West is committed to operating to the highest environmental standards, which includes partnering with approved agencies that encourage best practices in a variety of areas. In this vein, the Company will be conducting a screening assessment in accordance with the Institute of Air Quality Management Guidance on the Assessment of Mineral Dust Impacts for Planning. This will set out the best available approach to mitigate dust as well as the monitoring scheme, investigating complaints and provide comprehensive feedback.

 

Social:

Tungsten West has created a business model that holds responsible mining and best practice ESG principles at its core.

The mine will provide multiple job opportunities, which the Company will be seeking to fill from the local population in Plymouth and Devon. The Company has also been working with local education establishments to conduct its research projects and has a number of ex-students from the Cambourne School of Mines on site in a variety of roles. For the wider local markets, Tungsten West is looking to sell the aggregates produced at Hemerdon to local construction companies, ensuring they have stable, long-term access to these materials with the additional benefit of a low carbon footprint.

 

Governance:

Tungsten West ensures the highest standard of practice with strong business ethics, corporate responsibility, and codes of conduct in place. The experienced management demonstrates an extensive track record of financial competence and corporate governance. Due to the South West of England being a historic mining district, Tungsten West will be regulated by the Mineral Planning Authority and the Environment Agency. Within the first six months of acquiring the Hemerdon Project, the Company was already ISO14001, 45001 and 9001 accredited for its Environmental Management Systems, Occupational Health & Safety Management and Quality Management Systems demonstrating a world-class level quality, safety and efficiency in its services.