AIC Mines has significantly uplifted its climate change management processes and reported its first AASB S2 Sustainability Report, including Scope 1 and 2 GHG emissions. The company has expanded its climate change risk and opportunity assessment and established formalised internal climate governance structures. AIC Mines has also been progressively updating its Scope 3 emissions measurement methodology and is preparing for mandatory Scope 3 reporting next year.
Material actions and disclosures
AIC Mines has measured and reported Scope 1 and 2 greenhouse gas emissions in accordance with the National Greenhouse and Energy Reporting (NGER) scheme. For the FY26 reporting period, the company’s Scope 1 emissions totalled 57,112 t CO2-e, while Scope 2 emissions totalled 42 t CO2-e, resulting in a combined total of 57,155 t CO2-e.
The company has also formalised an energy efficiency strategy focusing on ambitions and potential opportunities to support the reduction of its emissions footprint. This work has laid the foundation for further feasibility studies that will be carried out over the next year.
Forward commitments
AIC Mines plans to continue identifying and investigating decarbonisation options across its business and assessing and improving the energy efficiency of its operations.
AIC Mines remains in discussions with the Queensland Government’s CopperString project, a major high-voltage transmission line that will connect Mount Isa and the North West Minerals Province to the state’s main grid via Townsville. However, due to the uncertainty of the CopperString timeline, the company is continuing to assess a range of alternative technologies to offset the potential impacts of delayed grid connection.
The company is also investigating an interim option to inject LNG gas into its existing diesel generators with gas supplied through a virtual pipeline, contributing to a reduced reliance on diesel. A formal feasibility study is being undertaken.
Outside of power generation, AIC Mines continues to improve the efficiency of its fleet through commissioning a third hybrid loader with additional stock ordered to support production at Jericho.
These actions and commitments reflect AIC Mines’ ongoing efforts to enhance its climate change management processes and address the challenges of decarbonisation.
Attributed to the AIC Mines Limited Annual Report 2023.