Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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The environmental and health issues at Kabwe have been growing for decades but with Jubilee’s arrival and support from the Zambian government remediation may at last be on the cards. The concerns set out by the UN in their 27th May letters to the Zambian and SA governments and Jubilee were predictable and need to be answered convincingly. I for one hope that the ongoing delay from all three parties in answering those concerns indicates detailed drafting and not a lack things to say.
IMHO AG
Thanks for the replies. I did not know about hydro evacuation. Sounds promising especially if they could seal the top of the tailings deposits. I have of course read that language on their website. I am glad Gotreal copied it here. I like that they recognize the opportunity and are partnered with government agency. And that they have desire to make positive contributions.
I am not complaining about this. I think it is huge for the company and this community. Demonstrating special expertise in this area would get positive notice and could also open up other opportunities for Jubilee.
Writing that they would like to do that maybe not so much. Certainly the UN letter which I have also read worries more that Jubilee operations might add to pollution.
Anyway would love strong focus on this one project by the company with data and details of technical approach to what is really a massive problem for the community.
Gotreal
Thank you for the post. I really felt good reading about Jubilee's commitment to better living conditions for the citizens in areas where Jubilee are at the moment. Shareholders complaining about Zinc,Lead etc will do well to remember the phrase Rome was not built in a day.
As a pretty large shareholder I have the comfort of knowing that while Leon is taking steps to ensure a great return for us shareholders , he is also helping to improve living conditions or non shareholders.
The best of both worlds
https://jubileemetalsgroup.com/esg/
"Our contribution to the United Nations’ Sustainable Development Goals"
As a company involved in a primary sector, Jubilee recognises that we have an opportunity and role to play in positively contributing to broader sustainability. The United Nations’ Sustainable Development Goals (SDGs) provide a useful framework by which to assess and monitor our efforts towards sustainable development, as well as our ESG performance.
The SDGs, which came into effect in January 2016, are a collection of 17 interlinked global goals and targets designed to be a “blueprint to achieve a better and more sustainable future for all”. They were developed to support the United Nations 2030 Agenda which ultimately aims to:
end poverty and inequality
protect the planet
ensure that all people enjoy peace and prosperity
We have interrogated the SDGs to identify those most aligned with our core business and with our responsibilities as a responsible corporate citizen.
Jubilee recognises the value in partnering with other organisations, particularly government institutions, in furthering the goals of sustainable development. One of our key partnerships is with the Zambia Mining and Environmental Remediation and Improvement Project, a government initiative to reduce environmental health risks to the local population in critically polluted mining areas in Zambia, including the Kabwe municipality.
So Leon is fully aligned with the UN and the Zambian government with regard remediation of toxic tailings dumps.
Scott, I believe our preferred method of accessing tailings is hydro excavation rather than digging. I know little about the process, but from what I can see this method would minimise dust production.
I am willing to accept that the added value of resources they recently added more than offsets the dilution of the new raise. I'm over it.
But the other item sort of hanging out there is the huge zinc/vanadium/lead prospect at Kabwe with tailings so toxic that the wind blows enough lead into the air to poison the residents - and that situation is ongoing for many years.
Jubillee took the position that they could process those tailings and reduce toxicity. But there is pushback from UN and others. Is that the best way to reduce the health threat? It is good to get the lead out, but could digging it, loading it in trucks, dumping it into refiner actually create more lead in the air? Is there a way to seal it (certainly not Jubilee's expertise)?
There has to be a lot of engineering work and environmental assessment around this issue. Doing nothing is not right answer. But is Jubilee really a green company with some expertise in handling toxic lead tailings? Can they reduce lead in the air, throughout the time they are handling the material, and also substantially reduce it long term?