DRIVING CHANGE AND
EMBRACING INNOVATION
2016 SUSTAINABILITY REPORT
CORPORATE DIRECTORY
ABN 55 104 154 185
DIRECTORS SPECIAL RESPONSIBILITIES
DRIVING CHANGE AND
EMBRACING INNOVATION
Mr Derek La Ferla
Independent Non-Executive Chairman
Member of the Remuneration and Nomination Committee Member of the Audit and Risk Committee
Member of the Sustainability Committee
Mr Karl Simich
ManagingDirector & Chief Executive Officer Operational responsibility for sustainability issues
Mr Paul Hallam
Independent Non-Executive Director
Chairman of the Remuneration and Nomination Committee Member of the Audit and Risk Committee
Mr W John Evans
Non-Executive Director Chairman of the Sustainability Committee
Mr Robert Scott
Independent Non-Executive Director
Chairman of the Audit and Risk Committee
Member of the Remuneration and Nomination Committee Member of the Sustainability Committee
Ms Maree Arnason
Independent Non-Executive Director
Member of the Sustainability Committee Member of the Audit and Risk Committee
PRINCIPAL PLACE OF BUSINESS & REGISTERED OFFICE
Level 1, 31 Ventnor Avenue, West Perth WA 6005
T: +61 8 6430 3800
F: +61 8 6430 3849
E: [email protected] W: www.sandfire.com.au
SHARE REGISTRY
Security Transfer Australia Pty Ltd
770 Canning Highway, Applecross WA 6153
T: +61 8 9315 2233
F: +61 8 9315 2233
E: [email protected]
HOME EXCHANGE
Australian Securities Exchange Limited Exchange Plaza
2 The Esplanade, Perth WA 6000
AUSTRALIAN SECURITIES EXCHANGE (ASX) CODE
Ordinary fully paid shares: SFR
Adelaide
Marsden South JV
2016 SUSTAINABILITY REPORT
4 ABOUT THIS REPORT
4 OUR PERFORMANCE
6 DRIVING CHANGE AND EMBRACING INNOVATION
8 16 22
THE SANDFIRE STORY COMMITMENTS AND
TARGETS
LISTENING TO OUR STAKEHOLDERS
10 Business overview
12 Our value chain
12 How we govern sustainability
15 Governance systems
15 Key strategies for managing sustainability - risk management
17 Targets
19 Progress on our 2015 Sustainability Commitments
26
-
How we engage with our stakeholders
-
Our material issues
-
Sustainability collaborations
36 50
MAINTAINING OUR SOCIAL LICENCE TO OPERATE
BUILDING A SAFE AND INCLUSIVE CULTURE
ENVIRONMENTALLY
|
26
|
Our economic contribution
|
37
|
Our employees
|
50
|
Managing water
|
|
28
|
Community investments and partnerships
|
40
|
Diversity
|
54
|
Energy, carbon and renewable energy generation
|
|
30
|
Our supply chain
|
42
|
Aboriginal employment
|
58
|
Waste
|
|
31
|
Our product lifecycle
|
43
|
Health, safety, and well-being
|
59
|
Managing non-mineral waste
|
|
34
|
Community engagement and landowner consultation
|
62
|
Land management and biodiversity
|
|
34
|
Native Title claimant group engagement
|
SUSTAINABLE OPERATIONS
-
AWARDS AND RECOGNITION
-
GLOSSARY
-
GRI CONTENT INDEX
-
APPENDIX - DATA TABLES
ABOUT THIS REPORT
This is Sandfire Resources NL's (Sandfire or the Company) second Sustainability Report, prepared for our stakeholders in accordance with the Global Reporting Initiative G4 framework 'core' option. The report period spans our financial year from 1 July 2015 until 30 June 2016 ("FY2016") and covers our DeGrussa Copper Mine (DeGrussa) in Western Australia and exploration activities in Australia. In November 2015 Sandfire increased its ownership in North American copper company Tintina Resources Inc. (TSX-V: TAU) to 57 per cent. We plan to report on this emerging operation in the future. Please see our website and accompanying Annual Report for more information about our Company activities.
All dollar figures reported are in Australian currency, unless otherwise stated. There are no material re-statements of 2015 report data or content.
We welcome your feedback on our report. To provide feedback please visit www.sandfire.com.au/feedback. For further information on sustainability at Sandfire, please email [email protected] or contact
+61 (08) 6430 3800.
OUR PERFORMANCE
ENVIRONMENTALLY SUSTAINABLE OPERATIONS
BUSINESS
PEOPLE & SOCIETY
SANDFIRE RESOURCES 2016 SUSTAINABILITY REPORT
4
HIGHLIGHTS
Millionth
TRIFR 25%
10.6MW solar power project
tonne of concentrate (wet)
7.1
from 2015
commission March 2016
trucked from the DeGrussa
Copper Mine to port
Full power
HIGH-GRADE
PAYMENT TO SUPPLIERS
$316.8M incGST
PAYMENT TO EMPLOYEES
$35.8M
TAXES &
capacity May 2016
Cu
Monty copper discovery
ROYALTIES $51.0M
NET CASH POSITIVE
AT JUNE 30 2016
$70.0M
debt reduction
Signed 2
strategic community investment agreements with local communities
New skills and experience on the board
Minimal impact
aircore drilling introduced
REVENUE
$51.4M (9%)
for the year to
$497.2M
CHALLENGES
Continuous safety journey
DON'T WALK PAST
24% female
1 of 10,699 CONTAINERS
of copper concentrate spilled on a public road. We continue to focus on our safety and environmental impacts
Due to greater mining depth and the nature of ore being milled
NET PROFIT
$21.0M (30%)
for the year to
$48.0M
representation
Gender diversity plan initiated
Increase
Indigenous employment
CO2
1,617,719
GJ of energy
86,649
tonnes of CO2
in the atmosphere
14%Ç
increase from 2015
13%Ç
increase from 2015
and participation
Work continues on planning for
DeGrussa post mining rehabilitation
p
On site management team at commencement of panel mounting
(l-r) Tadgh O'Scannail - Sandfire, Peter Cook - OTOC, Norbert Borchert - juwi, Laurent Lafforgue - Neoen