MineralQuest

Samarco's Sustainable Journey: Progress & Commitment in 2023

Synopsis: Samarco, a renowned mining company, recently unveiled its 2023 Annual Sustainability Report, showcasing significant advancements in environmental, social, and governance practices. The report highlights key achievements, including the production of 25.7 million metric tons of ore pellets and fines since the resumption of operations in 2020, along with a notable 12% reduction in energy consumption. Samarco's commitment to sustainability is evident through initiatives focusing on biodiversity preservation, safety, and operational efficiency.
Thursday, June 13, 2024
SAMARCO
Source : ContentFactory

CEO Rodrigo Vilela emphasized the company's dedication to sustainability and transparency, underscoring the importance of building a sustainable future for stakeholders and the regions of Minas Gerais and Espírito Santo. Samarco's Strategic Sustainability Program integrates ESG indicators and aligns with Sustainable Development Goals and the United Nations Global Compact, outlining a comprehensive approach towards responsible mining practices.

Operational stability remains a key focus for Samarco, with successful production of 9.4 million metric tons of iron ore pellets and fines in 2023. Noteworthy achievements include progress in de-characterizing the Germano dam, closure of the Cava, and significant investments in operational enhancements. The company's ambitious growth plans aim to reach 60% of production capacity by 2025, with substantial investments allocated towards achieving this goal.

Samarco's commitment to social engagement is evident through programs like Força Local, supporting local economic development in Minas Gerais and Espírito Santo. The company's partnerships with local suppliers have contributed significantly to the regional economy, with over R$ 2.3 billion in purchases made in 2023. Samarco's focus on diversity, equity, and inclusion is reflected in its workforce composition, with initiatives to promote gender diversity and opportunities for underrepresented groups.

Looking ahead, Samarco remains dedicated to its sustainability goals, with a strong focus on human rights, climate change, and market dynamics. The company's ongoing commitment to resilience, stability, and responsibility underscores its dedication to driving positive change in the mining sector. Samarco's 2023 Sustainability Report serves as a testament to its progress and unwavering commitment to sustainable practices, setting a benchmark for responsible mining operations in the industry.