Global warming threatens life on earth, risking fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
The metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy generation, heat or steam, and fuel use. The International Council on Mining and Metals (ICMM) has committed to net zero Scope 1 and 2 emissions by 2050.
Zijin Mining Group Co Ltd (Zijin Mining) is a mineral exploration company. Its portfolio of products includes gold, zinc, copper, tungsten, iron ore, and other base metals. In 2021, the company reported total GHG emissions of around 7.3 million tonnes CO2 equivalents (MtCO2eq), up 19% from 2020.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions are direct emissions from facilities owned or controlled by Zijin Mining, such as fuel use, on-site electricity generation, anode and reductant use, and process emissions. Indirect GHG emissions from the generation of purchased energy, such as the electricity, heat, or steam brought in from third parties, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities.
Scope 2 emissions account for most of Zijin Mining’s overall GHG emissions, accounting for 62% of total GHG emissions (4.5 MtCO2eq) in 2021. In 2021, the company's Scope 1 emissions increased by 10%, and Scope 2 emissions rose by 25%. Zijin Mining does not disclose Scope 3 emissions.
Zijin Mining will reach a carbon peak by 2029 and aims to achieve carbon neutrality (Net-zero emission) by 2059. The mining company will increase renewable energy use to 25% by 2030.
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