- Maximise returns from existing assets and maintain net profit after tax and positive cash flow to support mine life extensions, shareholder dividends and Company growth projects.
- Sustain the business in the short term through the extension of the life of mine at the Phu Kham and Ban Houayxai Operations.
- Maintain strong cash flow and minimise capital expenditure requirements with expected lower production profile of the Lao Operations.
- Identify near mine replacement production for the Operations in Laos.
- Leverage the Company’s assets, systems, and human resources to generate new sources of cash flow.
- Identify and pursue acquisition opportunities to secure the Company’s future.
- Review PanAust’s governance framework and key policies to ensure effective governance of all key risks in each project jurisdiction.
- Update training on key governance policies, including anti-bribery and corruption, donations and modern slavery.
- Ensure robust governance policies and processes are followed in Laos, Papua New Guinea, and Myanmar.
- Negotiation of extensions of licences, permits and concession agreements with host governments.
PanAust Limited
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, PanAust Limited disclosed greenhouse gas emissions of 407.0K tCO2e/year. By scope: Scope 1: 198.8K tCO2e/year; Scope 2: 39.0K tCO2e/year; Scope 3: 169.2K 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
407.0K tCO2e/year
2022
📊 Emissions by Scope (2022)
| 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). | 198.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 39.0K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 169.2K 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 |
|---|---|
| 2022 | 407.0K tCO2e/year |
| 2021 | 172.3K tCO2e (Scope 1) + 31376 tCO2e (Scope 2) + 138167 tCO2e (Scope 3) |
| 2016 | 520.1K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- No level 3 environmental incidents were recorded during 2022.
- One efficiency project, aiming to reduce diesel consumption by personnel transport boats, was implemented in 2022. Overall, the project was successful. However, it only reduced PanAust’s total diesel consumption by less than 1 percent.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve budget for production and costs.
- Obtain the environmental permits through the active engagement of CEPA and the Environmental Council. Advance the Technical Assessment with the Mineral Resources Authority.
- Complete infill and extensional drilling to inform feasibility study by mid-June. Complete Nam San extensional drilling to inform further underground development studies.
- Update policies and procedures on anti-bribery and corruption, modern slavery, and donations. Implement training on updated policies and procedures. Complete update of procurement procedures to identify modern slavery and sanctions risks.
- Complete all outstanding projects and implement additional projects for 2023.
📅 Medium-term
- Complete Final Mine Closure Plan for the PKM Operation. Advance discipline-specific studies for the Closure Feasibility Study.
🌱 ESG Focus Areas
Economic PerformanceGovernanceSocial PerformanceEnvironmental PerformanceHealth and Safety PerformanceOur People