(Kitco News) – Read the environmental social governance studies and look at how the company acts within the community it is situated when assessing a miner’s or junior’s ESG risk, said Andrew Cheatle, chief operating officer officer and director at Tanzanian Gold (TSX:TNX) (NYSE American:TRX).
Cheatle spoke to Kitco last week.
Tanzanian Gold is advancing its Buckreef project in Tanzania. A 360-tonne per day processing plant is being expanded to 1,000+ tpd, enabling a near-term production profile of 15,000 – 20,000 oz of gold per year. Revenues will help fund exploration.
“I think it’s very important to look at the reports and see what, what is the company doing on the ground,” said Cheatle when asked how he would assess ESG risk at another business. “As companies get bigger, there are various mechanisms by which to measure companies and to see how they’re doing.”
Cheatle recommends Towards Sustainable Mining in Canada as one resource.
0:30 – Looking at last year’s M&A, there has been a swing to first-tier mining jurisdictions. That was partly driven by ESG factors?
1:06 – Miners says to look at the local community where the mine is operating, not the country. Do country assessments matter?
4:45 – How do you asses and quantify a company’s ESG performance?
7:73 – You used to be on the PDAC executive. The show was moved to June due to COVID. What’s that like for an organization to make that change?
8:34 – How does the gold sector turn around?
10:00 – What was the most under-reported resource story of 2021?