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QuintelCorp

Sustainability · 19 May 2026

Quintel publishes 2025 Sustainability Report and payments to governments disclosure

Scope 1 and 2 emissions down 38% against the 2019 baseline, US$412 million paid to host governments, and two targets reported as missed.

London ·

Quintel has published its 2025 Sustainability Report together with a country-by-country and project-by-project disclosure of payments to governments, prepared in line with Extractive Industries Transparency Initiative principles.

Group Scope 1 and 2 emissions fell to 612 kt CO₂e, 38% below the 2019 baseline on an absolute basis, driven by the Lubumba grid connection and the solar installations at Asankran and Mbengwe. Renewable and hydroelectric sources supplied 61% of group electricity.

Payments to governments totalled US$412 million across taxes, royalties, licence fees, production entitlements and infrastructure improvement payments, disclosed by country, by entity and by payment type.

The report also confirms a fifth consecutive year without a fatality at a managed operation, a total recordable injury frequency rate of 1.94 per million hours worked, and 1,470 hectares of land rehabilitated to date across the group.

Sustainability data in the report is subject to limited independent assurance, with the assurance statement and the full basis of preparation published alongside it. Emissions, water, safety and payments-to-governments data are within the assured scope.

“A sustainability report that only contains good news is a marketing document,” said Dr Amina Chérif, Chief Sustainability Officer. “We publish the misses because our own operations teams need to see that the numbers are treated seriously, and because a reader who never sees us fail has no reason to believe us when we succeed.”

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About QuintelCorp

Quintel Corporation Limited is a privately held mining group founded in 1996. It operates seven mines and two development projects across nine African countries, producing copper, gold, silver, manganese and bauxite, and employs 6,400 people directly with a further 3,100 contractors.

Forward-looking statements

This release contains forward-looking statements, including production guidance, project schedules, cost estimates and target dates. Forward-looking statements are subject to risks and uncertainties, including commodity price movements, operational performance, geological outcomes, regulatory decisions and logistics availability, and actual results may differ materially. Mineral resource and ore reserve figures are reported in accordance with the JORC Code (2012), or the SAMREC Code (2016) for South African assets, and are reviewed annually by an independent Competent Person.