Safety and Health - The company recorded a lost time injury rate of only 0.66 per 1,000,000 hours worked in 2022, aiming for zero injury rate[12] - The company conducts annual health and safety training for all employees, ensuring compliance with Russian regulatory requirements and international best practices[8] - The company emphasizes the importance of a safe working environment, with all employees receiving health and safety training during onboarding[8] - The company has established a comprehensive industrial safety and labor protection management system to comply with labor protection and industrial safety regulations[10] - The company regularly performs risk assessments and operational safety audits to monitor and improve its operations[9] - The company conducts regular health checks for employees working in hazardous conditions to prevent occupational diseases[15] Environmental Management - The company has implemented an environmental action plan to improve environmental management efficiency and ensure the safe use of natural resources[22] - The company adheres to and often exceeds Russian legal standards and international best practices in its environmental policies[24] - The company encourages suppliers and contractors to follow its environmental and safety policies[18] - The company has designed a list of measures to achieve its environmental goals set for 2022, focusing on energy conservation and environmental safety[22] - The company is actively engaged in environmental monitoring, ensuring all data remains within regulatory limits[38] - The company has implemented measures to reduce carbon and sulfur emissions due to the lower content in hard coal compared to brown coal[44] - The company is focused on optimizing waste management and protecting biodiversity in its operational areas[56] - The company has identified and systematized sources of harmful pollutants as per new environmental regulations[68] Waste and Emissions - The total direct greenhouse gas emissions amounted to 57,856 tons, a 0.2% increase from 57,735 tons in 2021[41] - The total emissions from fixed sources increased by 8.6% to 3,923 tons in 2022 due to the development of new facilities, particularly the Kimkan West mine[64] - The total amount of inert waste generated in 2022 decreased by 3.7% to 52,143,030 tons, including 42,528,920 tons of cover layer, 2,772,770 tons of dry tailings, and 6,841,340 tons of wet tailings[80] - The company recycled 7,521,399 tons of waste in 2022, with 91% being wet tailings waste[85] - The total hazardous waste generated in 2022 was 3,257 tons, with a density ratio of 0.001 tons/ton[83] - The efficiency of industrial emissions treatment at the heating plant was 94%[67] - The company implemented energy-saving measures at the 10 MW heating plant, reducing coal usage during summer[66] Water Management - Water intake in 2022 was 1,082,165 cubic meters, an increase of 148,880 cubic meters from 2021, with 1,080,378 cubic meters sourced from natural water bodies[101] - The technical water consumption per ton of iron concentrate produced was 0.421 cubic meters in 2022, slightly increasing from 0.357 cubic meters in 2021[105] - The company’s actual wastewater discharge in 2022 was only 39.82% of the permitted discharge volume of 682,020 cubic meters, indicating a low risk of exceeding permitted levels[104] - The total recycled water provided to the processing plant from tailings storage facilities in 2022 was 8,577,800 cubic meters, an increase of 3.74% from 2021[108] - The company aims to prevent water pollution during production activities, with no significant changes detected in surface and groundwater quality in 2022[106] - The company’s water consumption for clean drinking water increased by 14,782 cubic meters in 2022 due to the return of personnel to workplaces post-COVID-19[101] Financial Performance - In the fiscal year 2022, the company reported revenues of $278.8 million and an EBITDA of $56.5 million, excluding non-recurring items and foreign exchange[157] - The total cash cost per ton, excluding transportation, was $53.2, representing a 24.9% increase compared to the previous year[157] - The company experienced a net loss of $87.9 million during the year, primarily due to a non-cash impairment provision of $103.2 million[157] - The company reported a basic profit of $25.0 million for the year 2022, demonstrating strong financial performance despite a challenging business environment[164] - EBITDA decreased by 66.9% to $56.5 million in 2022 due to reduced revenue and increased cash costs[188] - The company reported a net loss attributable to shareholders of $87,896, compared to a profit of $134,069 in the previous year, representing a 165.6% decline[195] Production and Operations - In 2022, the production volume reached 2,569,845 tons, slightly up from 2,557,794 tons in 2021[43] - The company sold 2,566,480 tons of iron ore, an increase of 0.5% compared to 2,553,804 tons in 2021[198] - The K&S mine is projected to achieve an annual capacity of 3.2 million tons of iron ore, producing high-grade iron concentrate with a 65% iron content[153] - The company plans to start mining at the Sutara mine in the second half of 2023, with expectations of higher production levels due to its high magnetic iron ore content[170] - The company faced operational challenges due to mining issues and railway congestion, which negatively impacted profit margins in Q4 2022[164] Employee and Social Responsibility - The total number of employees in 2022 was 1,804, a 2% increase from 1,767 in 2021[134] - The female employee ratio in 2022 was 29.7%, consistent with previous years[134] - The company released over 15,000 juvenile Amur sturgeon and salmon into the Amur River basin in 2022, with a total cost exceeding $29,280[120] - The health, safety, and environment committee consists of three independent non-executive directors, ensuring compliance with health and safety regulations[130] - The company implemented various biodiversity conservation measures, including forest fire prevention strategies in 2022[116] Market and Economic Outlook - The company anticipates that the macroeconomic environment will be influenced by slow growth, high inflation, and rising interest rates[164] - The ongoing geopolitical tensions and economic volatility are expected to impact iron ore demand and pricing[188] - The company is focused on diversifying risks and establishing new revenue sources to enhance growth opportunities[169] - The company believes that its business model and strategies will continue to enhance shareholder value despite external challenges[174] - The company is actively seeking to diversify its investment opportunities to expand its business portfolio, including the purchase and sale of vessels in Q1 2023[170]
铁货(01029) - 2022 - 年度财报