Sustainability
Kingsrose is committed to conducting all operations in a sustainable manner. We are motivated to set a new standard in responsible minerals exploration. We will achieve this through exemplary environmental stewardship and proactive stakeholder engagement. At Kingsrose, we believe responsible exploration is achieved through co-design to support shared value creation. Our strategy is summarised in the acronym SCS™.
Environment
We are deeply committed to minimising our environmental footprint, particularly focusing on land and water resources.
Our approach is guided by a comprehensive strategy, considering cumulative impacts and aimed at safeguarding these vital ecosystems. Through diligent planning and proactive measures, we strive to mitigate potential impacts to preserve sensitive habitats. Our commitment to environmental stewardship guides all our activities, emphasising avoidance, minimisation, rehabilitation, and offsetting strategies. We strive to uphold our dedication to sustainability throughout our operations.
Indigenous Peoples
At Kingsrose, our dedication lies in fostering lasting partnerships with Indigenous Peoples, grounded in trust and mutual growth. Acknowledging our responsibility in Indigenous territories, we commit to honouring their rights, amplifying their voices, and collaborating for collective progress.
We acknowledge past shortcomings in the exploration and mining industries and are dedicated to improvement through mutual learning and respect. Our approach centres upon Indigenous cultures and valuing their perspectives in decision-making processes.
Community
At Kingsrose, community partnership is at the heart of our company. We are dedicated to fostering trust and achieving positive outcomes for the communities we work with.
Through open, transparent, and proactive dialogue, we prioritise understanding and addressing the concerns of all stakeholders. Our commitment is evident through initiatives such as transparent communication of our plans, regular meetings with local stakeholders, cultural heritage surveys, multilingual websites for accessibility, and collaborative social investment plans.
By engaging with communities every step of the way, we aim to ensure mutual value creation and sustainable development.
Operational Standards
At Kingsrose, we recognise the importance of developing and communicating our sustainability commitments. We are aligning our sustainability strategy with the Finnish Mining Association and Norsk Bergindustri and their Sustainable Mining and Exploration networks who have developed national sustainability standards that are based on the Towards Sustainable Mining (TSM) standards developed by the Mining Association of Canada.
We are incorporating the local TSM standards in our standard operating procedures to ensure consistent development of our operations at the highest level of sustainability standards and to meet the expectations of local stakeholders.
In addition, we are working to align our activities with the Initiative for Responsible Mining Assurance (IRMA). IRMA has produced an IRMA-Ready Standard which defines best practices during mineral exploration and development, prior to the operational phase of a mine.
Health & Safety
Kingsrose is committed to upholding the best occupational health and safety standards with respect to our employees, contractors, and the local community.
As part of our commitment, Kingsrose has assigned a dedicated Health and Safety Committee made up of senior management including the Managing Director, a representative of the Board of Directors, Head of Exploration and Head of Sustainability.
The Committee is tasked with overseeing the creation of a safe working environment, identifying, and mitigating potential health and safety risks, and ensuring adequate health and safety training is provided to all employees.
Reclamation
We acknowledge that despite detailed planning and integrated mitigation measures, impacts from our activities may still occur.
Our exploration activities include rehabilitation plans, which are refined and implemented in collaboration with our internal team, specialist consultants, local contractors, and key stakeholders. Where our activities result in unacceptable impact, we will implement and monitor our rehabilitation plans to restore environmental values.
Reporting
We are developing our initial sustainability report which will be released in October 2024. This report will be produced with consideration of the Sustainable Development Goals, will align with the Global Reporting Initiative (GRI) standards and International Financial Reporting Standards (IFRS).
Permitting
Norway and Finland are internationally acclaimed for their robust mineral exploration regulations, earning them tier one status in the global mining landscape. These countries are esteemed for their meticulous permitting processes, which prioritise environmental protection and community well-being.
With transparent frameworks and stringent standards, Norway and Finland ensure responsible mining practices while attracting investment and fostering innovation in the sector. Their regulatory excellence sets a benchmark for ethical and sustainable resource development worldwide.
Corporate Governance
The Company’s corporate governance practices reflect the commitment by the Board of Directors to implementing the highest standards of ethics, integrity, legal and statutory compliance. In establishing the corporate governance framework of the Company, the Board has adopted practices that are consistent with the ASX Corporate Governance Council’s Principles and Recommendations.
The Company’s policies and charters associated with our governance and related practices are set out below. Our principles and processes are periodically reviewed to ensure we maintain the highest standard of corporate governance.
Click here to access our latest Corporate Governance Statement & Appendix 4G and the Company’s Constitution.
Careers
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Kingsrose Mining Limited is an ASX Listed (ASX : KRM) company focused on responsible mineral exploration & discovery
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