Business Daily Media

Men's Weekly

.

Udokan Copper to cut its carbon intensity up to 75% by 2035

MOSCOW, RUSSIA - Media OutReach - 3 August 2022 - Udokan Copper, the developer of Russia's largest new deposit, outlined scenarios to cut the carbon intensity of copper production up to 75% by 2035, bringing the Company closer to its ultimate goal of climate neutrality in the long run.

The Company publishes its Sustainability Report for 2021, which outlines the results in terms of the environment as well as social and corporate governance (ESG).

Udokan Сopper develops and implements programs aimed at reducing energy consumption and reducing environmental impact as it prepares for the production launch. The Company's plan to decrease carbon emissions involves the possibility of purchasing low-emissions electricity from power sources such as hydro, wind and solar, as well as its own power generation from renewable sources. It will also study opportunities to switch from coal to less carbon-intensive fuels for heat generation as well as electrification of the mining fleet.

The Company's ongoing mission is to produce copper as the key metal for building a secure and tech-based future, while taking care of its employees and minimizing its impact on the environment. Udokan Copper's key priorities are to complete its mining and metallurgical plant on time, within budget and build a reputation as a responsible producer.

In 2021, Udokan Copper invested RUB 764 million (USD 11.5 million) in environmental measures and social programs as the Company prepared to start production at the deposit. Udokan Copper had zero fatalities from 2019 to 2021, while the number of total recordable incidents fell to 14 in 2021 from 23 in 2020, helped by measures such as employee incentives for safe working conditions and staff safety training.

Akylbek Yerkozha, Board Chairman at Udokan Copper, said:

"The Company voluntarily started disclosing data on its contribution to the achievement of the UN Sustainable Development Goals even before the start of operations, at the stage of the construction of its production facilities. The report we are now publishing is our third annual sustainability report.

"In 2021, Udokan Copper implemented a number of important sustainable development initiatives. The Company joined the UN Global Compact, confirming its commitment to the principles of responsible business conduct. We completed the development of our Climate Programme, which included an assessment of planned greenhouse gas emissions for all
three scopes (Scopes 1, 2 and 3) and analyzed opportunities to reduce them, with Udokan Copper being the first company in Russia to gain experience in assessing forecast emissions for compliance with the ISO 14064-1:2018 international standard.

"Our climate programme provides for a number of scenarios where the carbon intensity of copper production could be reduced up to 75% by 2035, which would bring the Company closer to climate neutrality in the long run."


Hashtag: #UdokanCopper

About the Company:

Udokan Copper was established in 2008 to develop the Udokan copper deposit. It is part of the diversified USM holding Company. The Udokan deposit, with copper resources exceeding 26 million tons, is Russia's largest new deposit. The copper grade in accordance with the JORC Code is 1.05%.

The deposit is located in the Kalar District of the Zabaikalye Territory in Russia's Far East, 30 km from the Novaya Chara station of the Baikal–Amur railway line. The project will commission a mining and metallurgical plant, with the final products being cathode copper and sulfide concentrate. The production volume will amount to 135,000 tons of copper per year.

Udokan Copper aims to ensure that its products meet top quality and sustainability standards throughout their life cycle.

News from Asia

VinFast Indonesia to expand dealership network to 85 showrooms nationwide

JAKARTA, INDONESIA - Media OutReach Newswire - 26 July 2025 - VinFast, the Vietnamese Nasdaq-listed EV manufacturer, has officially signed agreements with 20 new dealership partners during th...

VinFast Indonesia continues to expand nationwide service workshop network

JAKARTA, INDONESIA - Media OutReach Newswire - 26 July 2025 - VinFast, the Vietnamese Nasdaq-listed pure-electric vehicle manufacturer, today announced the signing and implementation of strategic ...

HKSTP Takes Nine Game-Changing AI Tech Ventures to WAIC 2025 to Advance China's AI Plus Vision in Transforming Business and Industry

HONG KONG SAR / SHANGHAI, CHINA - Media OutReach Newswire - 27 July 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) is embarking on a mission to advance China's AI Plus vision wi...

Vietfood & Beverage - Propack Vietnam 2025: The Biggest International F&B Exhibition in Vietnam

HANOI, VIETNAM - Media OutReach Newswire - 28 July 2024 - From August 7-9, 2025, Vietfood & Beverage - Propack Vietnam 2025 - The biggest international F&B exhibition in Vietnam will offic...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

Taiwan Cybersecurity Day Returns to Thailand — Showcasing Solutions for Thai Enterprises

TAIPEI, TAIWAN - Media OutReach Newswire - 28 July 2025 - As global threats become increasingly sophisticated, cybersecurity has become essential for business continuity and digital trust. Taiwan ...

AIA Hong Kong continues to lead the insurance industry with the most market No.1* in Q1 2025

HONG KONG SAR - Media OutReach Newswire - 28 July 2025 - AIA Hong Kong has once again led the industry with the most market No.1 in the first quarter of 2025, according to the Provisional Statisti...

Aifeex Accelerates Global Strategy with Seven AI Ecosystems to Lead the Future of AI Finance

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 July 2025 - On July 22, 2025, Aifeex hosted the “2025 Global Artificial Intelligence Summit” in Kuala Lumpur, unveiling its strategic layout o...

YBUOJ Responds to BaFin Announcement, Reaffirms Compliance Credentials and Global Regulatory Commitment

COLORADO, USA - Media OutReach Newswire - 28 July 2025 - YBUOJ has issued an official response to a recent notice from the Federal Financial Supervisory Authority of Germany (BaFin), which alleged...

AsiaInfo Technologies Integrates with NVIDIA Omniverse to Accelerate Smart Manufacturing Transformation

BEIJING, CHINA- Media OutReach Newswire - 28 July 2025 - AsiaInfo Technologies Limited ("AsiaInfo Technologies" or the "Company"; HKEX stock code: 01675), a leading provider of software products...

Landowners Offered $30,000 Per Year for Just 1 Hectare: The Rise of 5MW Battery Projects Across Australia

In a pivotal shift reshaping Australia’s renewable energy landscape, landowners in Queensland, New South Wales, and Victoria are being offered up ...

Major national security tech alliance launches with Aerologix a founding member

Australia’s leading drone intelligence pioneer bolsters sovereign tech power Australia’s leading aerial data and drone intelligence platform, Aer...

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

Sell by LayBy