How Does ESG Fit into the Critical Minerals Development Industry for Rare Earths Companies


As I mentioned in a previous article, I am contacting key Australian Stock Exchange-listed Critical Minerals companies to get their views on Environmental, Social, and (corporate) Governance (“ESG”). I am looking to assuage the concerns of some of our stakeholders as to the ESG credentials of those Australia-based organizations that are in a position to supply and value add to the Critical Minerals shortage the world is now facing.

The questions are not designed as a platform for investment decisions, but as an important step toward letting investors know what their values are, what their achievements have been, and where do they see our industry heading.

The reference table will include the company name, the ASX Ticker code, their website reference, their current Market Capitalization, and their response to the ESG questionnaire.

The reference table will include all of the Australia-based companies that qualify as part of the Australian Critical Minerals Strategy referenced below.

2022 Critical Minerals Strategy

The survey questions were:

  1. A brief description of your activities
  2. How do you define ESG?
  3. What should stakeholders be aware of in your approach to ESG?
  4. How do you see ESG becoming an important function in the future?
  5. Do you have any ESG lessons learned that you may wish to share?

I will update the reference tables regularly and highlight any new responses received. As this is the first time, here is the Rare Earths table. The next issue will be the Lithium table, followed by the Vanadium and Cobalt tables. Each issue will allow access to the tables via links and similarly with the ESG responses from the queried companies.

Rare Earths CompanyWeb SiteMkt Cap AUS$
(18 Feb 2023)
ESG Response
Alpha Hpa Limited (ASX: A4N)  $578.97MQueried Feb 15
ABX Group Limited (ASX: ABX)  $31.30M 
Alkane Resources Limited (ASX: ALK)  $365.38MQueried Feb 15
Alchemy Resources Limited (ASX: ALY)  $16.02M 
American Rare Earths Limited (ASX: ARR)  $111.55MQueried Feb 15
Arafura Rare Earths Limited (ASX: ARU)  $1.26BQueried Feb 15
Austin Metals Limited (ASX: AYT)$6.35M
Australian Mines Limited (ASX: AUZ)  $28.79M 
Australian United Mining Limited (ASX: AYM)  $2.76M 
Australian Strategic Materials Limited (ASX: ASM)  $323.41MQueried Feb 15
Encounter Resources Limited (ASX: ENR)  $49.77M 
Enova Mining Limited (ASX: ENV)  $4.69M 
Hastings Technology Metals Limited (ASX: HAS)  $387.54MQueried Feb 15
Iluka Resources Limited (ASX: ILU)  $4.55BQueried Feb 15
Ionic Rare Earths Limited (ASX: IXR)  $127.74MQueried Feb 15
Krakatoa Resources Limited (ASX: KTA)  $13.96M 
Legacy Iron Ore Limited (ASX: LCY)  $72.08MQueried Feb 15
Lindian Resources Limited (ASX: LIN)  $210.22MQueried Feb 15
Lanthanein Resources Limited (ASX: LNR)  $22.43M 
Lynas Rare Earths Limited (ASX: LYC)  $7.50BQueried Feb 15
Minbos Resources Limited (ASX: MNB)  $81.46MQueried Feb 15
Mount Ridley Mines Limited (ASX: MRD)  $15.57M 
Northern Minerals Limited (ASX: NTU)  $223.92MQueried Feb 15
Nova Minerals Limited (ASX: NVA)  $129.18MQueried Feb 15
Orion Metals Limited (ASX: ORM)  $16.35M 
Peak Rare Earths Limited (ASX: PEK)  $124.82MQueried Feb 15
Platina Resources Limited (ASX: PGM)  $12.46M 
Prospect Resources Limited (ASX: PSC)  $81.02M 
Petratherm Limited (ASX: PTR)  $13.77M 
RareX Limited (ASX: REE) $34.42M 
Sunshine Gold Limited (ASX: SHN)  $14.62M 
Stavely Minerals Limited (ASX: SVY)  $78.37M 
Tempus Resources Ltd. (ASX: TMR)  $13.03M 
Todd River Resources Limited (ASX: TRT)  $9.46M 
Venus Metals Corporation Limited (ASX: VMC)  $28.59M 
Vital Metals Limited (ASX: VML)  $114.97MQueried Feb 15

Note: At the time of publication, there have been no ESG responses to those Rare Earth companies queried.

As an aside, if I was responsible for responding to the above query, I would also publish that response to the ASX and include it on the company’s website for ongoing reference.

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2 responses

  1. Hugh Sharman Avatar
    Hugh Sharman

    Thank you Steve!

    Can you please point me, anywhere in the World, to a single milligramme of ESG compliant, battery-quality lithium, cobalt, nickel or graphite?

    How does one judge ESG compliance?

    I truly have no idea at all!

  2. Steve Mackowski Avatar
    Steve Mackowski

    Thanks Hugh. My point exactly. It is for critical minerals companies to tell you the answer to your question. I am trying to provide an extra communication tool for them to do that. So keep reading and fingers crossed their answer will come. Meanwhile I’ll be providing guidance to help them.

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