First Tin PLC First Tin receives ESG Rating from Digbee (8074E)
November 01 2022 - 3:00AM
UK Regulatory
TIDM1SN
RNS Number : 8074E
First Tin PLC
01 November 2022
01 November 2022
First Tin Plc
("First Tin" or "the Company")
First Tin receives ESG Rating from Digbee
First Tin Plc ("First Tin"), a tin development company with
advanced, low capex projects in Germany and Australia focused on
advancing the Tellerhäuser high-grade underground project in
Germany and the Taronga open pit project in Australia through to
delivery of the two Definitive Feasibility Studies, is pleased to
announce receipt of the Company's inaugural environmental, social
and governance (ESG) rating from Digbee ESG ("Digbee"). Digbee is a
leading independent assessment platform for ESG disclosure in the
mining industry. Based on ESG achievements in the Company's first
six months of operations since listing on the London Stock Exchange
in April 2022, First Tin achieved an overall rating of BB.
Digbee's report provides a comprehensive assessment of First
Tin's achievements across a broad range of key ESG performance
criteria. The report is especially valuable in highlighting
opportunities for continuous improvement in specific areas.
First Tin undertook and submitted its first Digbee ESG
disclosure on 11th May 2022. This comprised the completion of a set
of comprehensive corporate and project questionnaires appropriate
to the stage of the Company's projects and mapped to Global
Standards. These questionnaires required provision of relevant
data, narrative and supporting evidence. First Tin's disclosure was
Board-approved prior to submission and assessed by the independent
mining ESG experts in order to produce an impartial rating.
Assessment results:
-- First Tin is a qualified candidate for European Raw Material
Alliance (ERMA) funding and support. ERMA has identified tin from
conflict- free sources as a critical raw material to support the
EU's intention of becoming climate-neutral by 2050.
-- The jurisdictions where both projects are situated (Australia
and Germany) are well established mining jurisdictions with
well-developed governance systems in place to ensure environmental,
health and social aspects are adhered to.
-- First Tin's planning incorporates a number of aspects that
show ESG considerations with regards to mining activities, e.g.
concurrent rehabilitation of mining workings on mining tenements,
use of renewable energy, and use of waste rock as filling material
for underground sites (Germany) or as dry stacking / aggregate
(Australia).
Thomas Buenger, Chief Executive Officer, commented:
"Despite our short history, ESG has been a central focus from
day one and remains a key priority. We are proud of the ESG rating
achieved under the Digbee assessment. The Digbee ESG assessment is
a further demonstration of our commitment to transparent reporting
of our performance and progress as we work to achieve the highest
levels of ESG compliance and practice across our operations."
Enquiries:
First Tin Via SEC Newgate
below
Thomas Buenger - Chief Executive Officer
Arlington Group Asset Management
Limited (Financial Advisor and Joint
Broker)
Simon Catt 020 7389 5016
WH Ireland Limited (Joint Broker)
Harry Ansell 020 7220 1670
SEC Newgate (Financial Communications)
Elisabeth Cowell / Axaule Shukanayeva
/
Molly Gretton 07900 248 213
Notes to Editors
First Tin is an ethical, reliable, and sustainable tin
production company led by a team of renowned tin specialists. The
Company is focused on becoming a tin supplier in conflict-free, low
political risk jurisdictions through the rapid development of high
value, low capex tin assets in Germany and Australia.
Tin is a critical metal, vital in any plan to decarbonise and
electrify the world, yet Europe has very little supply. Rising
demand, together with shortages, is expected to lead tin to
experience sustained deficit markets for the foreseeable future.
Its assets have been de-risked significantly, with extensive work
undertaken to date.
First Tin's goal is to use best-in-class environmental standards
to bring two tin mines into production in three years, providing
provenance of supply to support the current global clean energy and
technological revolutions.
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END
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