Grand Ocean Advanced Resources Co Ltd 2024 AR2
The report outlines Grand Ocean Advanced Resources Company Limited's sustainability performance and financial results for the fiscal year 2024. During the year, the company expanded its operations into Southeast Asia's mining sector through an equity investment in a copper mine in Laos, although it faced governance and control challenges with its local partners. In its core coal mining business in Inner Mongolia, the company produced approximately 902,000 tonnes of coal and implemented various environmental initiatives, including dust suppression and greening programs. However, due to challenging geological conditions and aged infrastructure, the company recognized a significant impairment loss on its coal mining assets. The company remains committed to enhancing operational efficiency, workplace safety, and exploring new energy and mining opportunities globally.
Company: Grand Ocean Advanced Resources Co Ltd
Sector: Mining & quarrying
Country: Hong Kong
Year: 2024
Type: AR2
Pages: 143
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Grand Ocean Advanced Resources Co Ltd
Annual Report
The report outlines Grand Ocean Advanced Resources Company Limited's sustainability performance and financial results for the fiscal year 2024. During the year, the company expanded its operations into Southeast Asia's mining sector through an equity investment in a copper mine in Laos, although it faced governance and control challenges with its local partners. In its core coal mining business in Inner Mongolia, the company produced approximately 902,000 tonnes of coal and implemented various environmental initiatives, including dust suppression and greening programs. However, due to challenging geological conditions and aged infrastructure, the company recognized a significant impairment loss on its coal mining assets. The company remains committed to enhancing operational efficiency, workplace safety, and exploring new energy and mining opportunities globally.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Workplace Fatalities
Employees