Potential offtaker

IAMGOLD Corporation

www.iamgold.com

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Which other companies from Canada are actively involved in decarbonization initiatives?
  • Kinross Gold Corporation
  • Toronto-Dominion Bank/The
  • ALDO Group Inc.
  • WSP Global Inc.
  • West Lake Energy Corp
  • Crystal Claire Cosmetics Inc.
  • IAMGOLD Corporation is a Canadian-based gold mining company that operates in the gold sector. The company is headquartered in Toronto, Ontario, and has operations in North and South America, West Africa, and the Caribbean. IAMGOLD's mission is to become a leading mid-tier gold producer, and it is committed to responsible mining practices that prioritize the safety of its workers, the protection of the environment, and the creation of value for its stakeholders.

    IAMGOLD's operations are focused on the exploration, development, and production of gold, with a portfolio of assets that includes a mix of operating mines, development projects, and exploration properties. The company's flagship asset is the Essakane mine in Burkina Faso, West Africa, which is one of the largest gold mines in the region. IAMGOLD also operates the Rosebel mine in Suriname, South America, and has a 41% interest in the Sadiola mine in Mali, West Africa.

    The company's focus on sustainability is reflected in its commitment to decarbonisation and the adoption of renewable energy sources. IAMGOLD recognizes that the mining industry is a significant contributor to greenhouse gas emissions, and it is taking steps to reduce its carbon footprint. The company has set a target of reducing its greenhouse gas emissions by 30% by 2030, and it is working to achieve this goal through a range of initiatives.

    One of IAMGOLD's key strategies for reducing its carbon footprint is the adoption of renewable energy sources. The company has entered into a corporate power purchase agreement (PPA) with a renewable energy provider to supply electricity to its Essakane mine in Burkina Faso. Under the PPA, IAMGOLD will purchase electricity generated by a 15 MW solar power plant, which will provide approximately 20% of the mine's energy needs. The project is expected to reduce the mine's greenhouse gas emissions by approximately 20,000 tonnes per year.

    IAMGOLD is also exploring other opportunities to incorporate renewable energy into its operations. The company is considering the use of wind and solar power at its Rosebel mine in Suriname, and it is exploring the potential for hydropower at its Boto gold project in Senegal. These initiatives are part of IAMGOLD's broader commitment to corporate energy management, which includes the optimization of energy efficiency and the reduction of energy costs.

    In addition to its focus on decarbonisation and renewable energy, IAMGOLD is committed to responsible mining practices that prioritize the safety of its workers and the protection of the environment. The company has implemented a range of initiatives to minimize its environmental impact, including the use of best practices in mine closure and reclamation, the management of waste and water resources, and the protection of biodiversity.

    IAMGOLD's commitment to sustainability is reflected in its inclusion in a number of sustainability indices and rankings. The company is a member of the Dow Jones Sustainability World Index, which recognizes the top 10% of companies in the world in terms of sustainability performance. IAMGOLD is also included in the FTSE4Good Index, which measures the performance of companies that meet globally recognized environmental, social, and governance standards.

    In conclusion, IAMGOLD Corporation is a Canadian-based gold mining company that operates in the gold sector. The company is committed to responsible mining practices that prioritize the safety of its workers, the protection of the environment, and the creation of value for its stakeholders. IAMGOLD's focus on sustainability is reflected in its commitment to decarbonisation and the adoption of renewable energy sources, as well as its broader commitment to corporate energy management, environmental stewardship, and responsible mining practices. The company's inclusion in a number of sustainability indices and rankings is a testament to its commitment to sustainability and its efforts to create long-term value for its stakeholders.

    ✓ Current offtaker under Corporate PPA's
    ✓ Declared Net Zero commitment