Shared prosperity producing base metals for modern living

Creating value for our communities 2022

2022 marked two important milestones for CAML: five years for its operations at sasa in North Macedonia and 10 years of production at Kounrad in Kazakhstan. Since the beginning, CAML has focused on developing these assets using best available technologies and practices wherever possible to enable efficient extraction of important base metals: zinc and lead at Sasa, and copper at Kounrad. This has been underpinned by the Group’s commitment to health and safety, making a positive impact on employees and the socio-economic development of CAML’s regions, and employing an environmentally responsible approach.

CAML is proud of the circularity demonstrated at Kounrad, where copper is recovered, a critical metal for the green energy transition and urbanisation, out of a waste material, whilst at the same time resolving some of the historical contamination that resulted from previous mining and processing activities.

At Sasa, the company has heavily invested in a Paste Backfill Project to ensure maximum extraction of Sasa’s resources and a safe, environmentally responsible operation for the long term.

CAML looks forward to the future at both assets, which will see its operations continue to offer local employment and facilitate socio-economic progress in the surrounding communities.

1,092 people are employed by the Group, with 337 at Kounrad and 735 at Sasa, 99% of which are local, averaged across both operations.
Gross revenue of $525.0 million has been generated from zinc and lead sales at Sasa during CAML’s ownership.
Gross revenue of $944.4 million has been generated from copper sales at Kounrad during CAML’s operation.
Total capex of $54.1 million invested at Sasa since 2017.
Total capex of $81.9 million invested at Kounrad since 2012.
Taxes of $293.6 million have been paid to the governments of North Macedonia and Kazakhstan.
As part of its Climate Change strategy, Sasa has sourced solely renewable power from its energy provider and a solar power plant is being constructed at Kounrad.
Both operations have charitable foundations to support the local communities.
Development funding of over $4 million has been invested to support the local communities.

UN SDG

We have a steadfast commitment to safety, underpinned by robust policies and systems, and aim to achieve a zero-harm workplace. The Company has a range of initiatives and resources to promote and improve wellbeing amongst our workforce and in the local communities.