The Sustainability Report is Horizonte's third such disclosure and has been prepared in accordance with the Global Reporting Initiative Standards 'Core' option.
'Sound sustainability performance and transparent disclosure are key to success and must be pursued to achieve our goals. As we advance the construction of Araguaia our systems for governance and reporting will also evolve, as key tools for delivering confidence and building strong and respectful relationships with our stakeholders.
'Our comprehensive approach to sustainability has been an instrumental component of our success in securing project financing from a suite of leading international banks and investors. This week we marked a major milestone with the commencement of earthworks at Araguaia.'
2021 Sustainability Report Highlights
In what was a transformative year for the Company, Horizonte is able to report a number of major initiatives and achievements in regard to our overall sustainability performance. The report discusses our programmes in support of the
Key highlights include: Leading practices in the management of the COVID-19 pandemic resulted in minimal impact to the Araguaia development timeline and, most importantly, no lives lost to COVID-19 and no serious health outcomes across the workforce.
Horizonte maintained our record of no fatal injuries since inception through mobilisation and commencement of early works at Araguaia. This achievement was supported by the implementation of fatality prevention standards and other critical risk control.
Implementation of a leading-practice integrated management system for environment, safety, health and communities' management.
Achievement of 100% conformance to statutory and compliance obligations including successful completion of major baseline monitoring campaigns for Araguaia.
Consistent with our objectives for local content, 97% of our workforce in
Gender diversity remained higher than mining industry norms, with 30% of our workforce in
Aligned with our commitment to local development, over 80% of procurement value was supplied by Brazilian companies in the year and 11% from Para State. New programmes launched in 2021 form part of the Company's strategic endeavours toward enhancing local value retention.
Almost
Ahead of the construction of Araguaia, the 2021 sustainability report incorporates preparatory information that will enable the Company to report against the United Nations Global Compact, the
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes 'forward-looking information' under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete the acquisition of equipment as described herein, statements with respect to the potential of the Company's current or future property mineral projects; the ability of the Company to complete a positive feasibility study regarding the second RKEF line at Araguaia on time, or at all, the success of exploration and mining activities; cost and timing of future exploration, production and development; the costs and timing for delivery of the equipment to be purchased as described herein, the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the realization of mineral resource and reserve estimates and achieving production in accordance with the Company's potential production profile or at all. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete the acquisition of equipment contemplated herein, on time or at all, the ability of the Company to complete a positive feasibility study regarding the implementation of a second RKEF line at Araguaia on the timeline contemplated or at all, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, and various risks associated with the legal and regulatory framework within which the Company operates, together with the risks identified and disclosed in the Company's disclosure record available on the Company's profile on SEDAR at www.sedar.com, including without limitation, the annual information for of the Company for the year ended
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