- Dispute with lenders regarding the applicable interest rate on mezzanine debt.
- Unsuccessful resource extension drilling at Runruno mine.
- Remaining life of mine at Runruno project is approximately 3-4 years.
- Potential risks associated with tailings management.
- Climate-related risks such as earthquakes, floods, typhoons, and dam failures.
Metals Exploration plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Metals Exploration plc disclosed greenhouse gas emissions of 96.2K tCO2e/year. By scope: Scope 1: 21.4K tCO2e/year; Scope 2: 74.7K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
96.2K tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 21.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 74.7K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 96.2K tCO2e/year |
| 2022 | 91.9K tCO2e (2021: 97114 tCO2e) |
| 2020 | 105.6K tCO2e/year |
| 2018-2019 | 24.3K tCO2e/year (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Received the Presidential Mineral Industry Environmental Award (PMIEA) for the second year in a row in 2023.
- Received 3rd Runner-up for the Best Mining Forest Contest in the Metallic Category.
- Rehabilitated 5.21 hectares within the FTAA area.
- Planted over 2 million endemic and cash crop trees.
- Achieved overall gold recovery of 88.7%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Production guidance of 74,000-80,000 ounces for FY2024.
📅 Medium-term
- Transform the Group into a multi-project company.
🔭 Long-term
- Become the first carbon-neutral mining operator in the Philippines.
🌱 ESG Focus Areas
Environmental ProtectionCommunity DevelopmentSafety and HealthClimate ChangeResponsible Mining Practices