Managing Capital Trade-Offs
A Balanced
Approach
FINANCIAL CAPITAL
EXPANSION OF CAPACITIES
Leveraging strong balance sheet to invest in value accretive projects
Higher profits in mid and long term
MAINTAINING A PORTFOLIO OF MINES WITH LONG LIFE
Higher spending on R&R additions and new tenements
Sustained production growth
STRENGTHEN COST LEADERSHIP
Lower per unit cost of production by $100 per MT leading to higher profits
Invest in new-age technologies for operational excellence
EXPANSION OF PRODUCT PORTFOLIO
Investment in new business lines like minor metals
Higher premiums
Protection from commodity price volatility
TRANSITION TO A CIRCULAR ECONOMY
Investments in technologies to optimise, reuse and recycle water resources
Investments in low-emission technologies and green energy
Investments in collaborative models for metal reuse and recycling
MANUFACTURED CAPITAL
EXPANSION OF CAPACITIES
Automated and digitally integrated value chain
Improved ore-to-metal ratio through higher recoveries and efficiency
MAINTAINING A PORTFOLIO OF MINES WITH LONG LIFE
Higher reserve base to 200 mn MT, taking R&R to 550 mn MT in mid term
New tenements will create new mines in the long term
STRENGTHEN COST LEADERSHIP
Higher equipment effectiveness
Optimised power and logistics
Best-in-class mill and smelter efficiencies
EXPANSION OF PRODUCT PORTFOLIO
Modern processing facilities capable of producing a wide range of products
TRANSITION TO A CIRCULAR ECONOMY
Tailing dams for water recycling and land reclamation
Gainful utilisation of waste
Smart transportation to reduce GHG emissions
Higher conversion efficiency of CPPs and increased solar energy
INTELLECTUAL CAPITAL
EXPANSION OF CAPACITIES
Innovation around metal recovery
Digital best practices replicated across sites
Enhanced market position
MAINTAINING A PORTFOLIO OF MINES WITH LONG LIFE
Creation of a proprietary database on potential deposits
STRENGTHEN COST LEADERSHIP
Creation of global benchmarks in productivity and efficiency
EXPANSION OF PRODUCT PORTFOLIO
Development of new products based on research and studies
Enhanced market perception
TRANSITION TO A CIRCULAR ECONOMY
Patents for processes to reuse materials like Jarosite
Innovative use of technology in underground mining to reduce GHG emissions
HUMAN CAPITAL
EXPANSION OF CAPACITIES
Training and skill development
Optimal manpower
Higher productivity
MAINTAINING A PORTFOLIO OF MINES WITH LONG LIFE
Trained pool of geologists and geophysicist
Global exploration experts
STRENGTHEN COST LEADERSHIP
New-gen workforce with differentiated skills of digitisation, AI and best mining practices
Safe and productive workplace
EXPANSION OF PRODUCT PORTFOLIO
Attract best talent in the industry
TRANSITION TO A CIRCULAR ECONOMY
Build strong in-house R&D capability
Active employee engagement in HSE initiatives
SOCIAL AND RELATIONSHIP CAPITAL
EXPANSION OF CAPACITIES
Local employment and sourcing
Increased social spending
Higher contribution to the exchequer
MAINTAINING A PORTFOLIO OF MINES WITH LONG LIFE
Resource sufficiency for the nation
Sustained livelihood for communities
STRENGTHEN COST LEADERSHIP
Local supply base
Higher commitment toward community upliftment
EXPANSION OF PRODUCT PORTFOLIO
Generate local employment opportunities through ancillaries
Improved customer relationships
TRANSITION TO A CIRCULAR ECONOMY
25% higher freshwater availability for communities
Zero land acquisition for waste storage
Compliance with stricter regulations
NATURAL CAPITAL
EXPANSION OF CAPACITIES
Higher usage of earth resources
Leveraging renewable resources, including recycled water and green energy
MAINTAINING A PORTFOLIO OF MINES WITH LONG LIFE
Identification of new mineral resources
Restoring biodiversity at mining sites
STRENGTHEN COST LEADERSHIP
Higher ore-to-metal recovery
Higher cost credits from residue treatment and sales
Higher cost credits through increasing minor metal recovery
EXPANSION OF PRODUCT PORTFOLIO
Environment-friendly consumption norms of VAP
Recycling and reprocessing of lead
TRANSITION TO A CIRCULAR ECONOMY
17% lower GHG emissions by 2025
5x water positive by 2025
3x increase in gainful utilisation of waste in smelting by 2025