Kingsrose Mining Limited, a leading sustainability-conscious mineral exploration company listed on the ASX, has implemented several key actions to strengthen its ESG credentials. The company’s Sámi-led sustainability team has consulted with 12 reindeer herding districts regarding its proposed exploration programme, which received support from all rightsholders.
The Core ESG Action
Kingsrose has engaged several Sámi contractors to provide logistical support, further strengthening relationships with local Sámi communities and supporting regional economic participation. The company has also revised the Minerals Act to strengthen consultation with Sámi rightsholders and local stakeholders.
ESG Themes and Impacts
The company’s focus on community and indigenous engagement is a key ESG theme, as it seeks to maintain social license in regions where its operations are located. The revised Minerals Act aims to strengthen consultation with Sámi rightsholders and local stakeholders, while creating a clearer and more efficient framework for mineral exploration.
The company’s commitment to reducing Scope 1 emissions is another key ESG theme, as it has implemented measures to reduce its environmental impact. Kingsrose has also established a board sustainability compliance committee to oversee the company’s ESG performance.
Governance and Regulatory Alignment
The company’s governance framework is designed to ensure that its ESG performance is aligned with regulatory requirements. The revised Minerals Act provides a clearer and more efficient framework for mineral exploration, while maintaining the current permitting pathway.
Kingsrose’s existing exploration licences are subject to transitional provisions under the revised Act, which provide the benefit of significantly extended licence duration.
Forward Commitments
The company’s forward commitments include continuing to engage with local communities and stakeholders, while maintaining its commitment to reducing Scope 1 emissions. Kingsrose is also actively looking for M&A projects with near-term development potential.
The revised Minerals Act provides a clearer and more efficient framework for mineral exploration, while strengthening consultation with Sámi rightsholders and local stakeholders.