The shift away from fossil fuels is being driven by an international consensus that the world’s carbon footprint must be managed and reduced. Renewable energy and the electrification of vehicles are a core component of this transition.
Graphite will play a central role in this transition as it is a key battery material, and vital to other applications and technologies that will support a more sustainable world.
NextSource is committed to being part of the global energy transition by using sound social and environmental management practices at every stage of the project cycle. From the outset of development of the Molo Project, NextSource has followed and adhered to the requirements of the:
International Finance Corporation’s (IFC) Performance Standards (PS) which define companies’ responsibilities for managing environmental and social risks.
Equator Principles which are the financial industry’s benchmark for identifying, assessing and managing environmental and social risks when financing projects.
United Nationals Sustainable Developments Goals (UNSDGs)
NextSource’s sustainability framework is built around:
In alignment with our collaborative and responsible approach, NextSource has engaged in a multitude of community outreach and investment programs which include:
Since the exploration programs on the Molo Project, the Company has been the largest formal employer in the region. More than two-thirds of our workforce is drawn from local and regional communities, and we continue to give preference to suitably qualified local candidates from these communities. Furthermore, we are delivering:
We recognize that mining will always have some unavoidable impacts on the environment. To ensure that these impacts are systematically minimized at all stages of the project cycle, the Molo Project Environmental and Social Impact Assessment (ESIA) was conducted in accordance with IFC Performance Standard requirements as well as Malagasy national legislation.
We have taken a holistic approach, not only minimizing our physical footprint but by planning for closure in a way that can create a long-term net positive environmental and socio-economic legacy. We do this by investing in sustainable infrastructure, in human capital and in viable, socio-economic projects which will endure beyond mining.
By utilizing an all-modular approach, Phase 1 of the Molo mine will use dry-stack tailings, which allow benign tailings to be dried and co-disposed with the waste rock generated by the mining process. The Phase 1 Molo plant and mine will occupy a very small footprint within an area that is not environmentally sensitive. The production of our SuperFlake® graphite concentrate does not require desulphurization of the ore or the tailings.
NextSource has partnered with CrossBoundary Energy, Africa’s leading supplier of clean electricity for the long-term supply of solar and thermal generation to power the Molo graphite mine.
This is designed to provide up to 33% of the Molo Project Phase 1 electricity requirements from solar energy, with the remainder coming from thermal generators.
We are committed to reducing and controlling our emissions over the duration of the project cycle by constantly improving the energy efficiency of our operations.
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