Managing Tailings Dams

Tailings facilities in which tailings from mines are dumped may collapse and cause considerable damage.
In August 2020, Global Tailings Review (GTR) formulated the Global Industry Standard on Tailings Management (GISTM). The International Council on Mining and Metals (ICMM)* is committed to compliance with GISTM, and as a member of ICMM, we are conducting investigations to comply with the standard.
Our Group thoroughly implements measures to prevent significant environmental accident at closed mines that it manages and tailings dams managed by CBNC and Taganito HPAL Nickel Corporation (THPAL), both of which are located in the Philippines.
Based on the GISTM, in August 2022, we disclosed on our website tailings dams with a risk classification of “Very High” or higher (one managed by CBNC and one managed by THPAL).