Silvercorp’s Mines Achieve “Green Mine” Certifications
VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to report that its TLP, LME, LMW and HPG
mines in the Ying Mining District, Henan Province, and GC mine, Guangdong Province, have been certified as “green mines” in China. A "green mine" is a certification awarded to mines that minimize
adverse impacts on the environment and adopt scientific design and measures to ensure sustainable development from mine development to closure.
Generally, a “green mine” designation allows for a more favourable treatment from different levels of government, including in relation to priority rights to mining resources, improved land security for mine construction, and finance and tax support through coordinated policies.
On October 23, 2020, the TLP, LME, LMW and HPG mines passed a six day, on-site inspection and assessment by an independent third party appointed by the Department of Natural Resources of Henan Province, with scores exceeding 80%, and were enlisted as “National Green Mines”. Final certification will be issued by the Ministry of Natural Resources of China.
The GC mine also passed an independent, on-site inspection and assessment to be enlisted as a “National Green Mine” by the Department of Natural Resources of Guangdong Province on September 26, 2020.
Silvercorp’s SGX and HZG mines both received the designation of “National Green Mine” in November 2015.
Review and Assessment Process
To qualify as a “National Green Mine”, amongst other things, the mine owner must not have been penalized in the past three years by national resources or environmental regulators. Green mine assessments cover a broad range of topics, including:
- Rights and licenses: Operate with and in compliance with relevant mining rights and licenses, national laws, regulations, industrial policies, national mineral resources plans, and geological environment protection plans;
- Environmental impact assessment: State-approved plans with water and soil conservation measures and comprehensive safety assessments, security bonds for environmental restoration;
- No incidents: No reported production accidents, deaths, environmental accidents, or administrative penalties imposed within the two years prior to the application;
- Efficient operations: Promote technological innovation in mining and processing to maximize extraction and minimize waste through recycling;
- Stakeholder impacts and relationships: Generate social, environmental and community benefits in addition to economic benefits (taxes, fees and profits) inside and outside the organization;
- Promote energy efficiency: Employ new, energy-saving technologies and processes to reduce energy consumption;
- Environmental protection and reclamation: Minimize dust pollution, material stockpiles, forestry impacts and soil loss, and control waste discharges; and
- Management and supervision: Organizational structure and internal controls to ensure sufficient oversight and continuous safety at all operations.
Each mine that has been included in the national list of green mines is subject to ongoing supervision and random site audits by the provincial Departments of Natural Resources. Mines that do not satisfy the requirements are removed from the national list and will be closed.