Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) said it received an award for its Royal Road Accelerator initiative and its contribution in respect of the 11th United Nations Sustainable Development Goal - Sustainable Cities and Communities.
The exploration and development company said it received the award from the Colombian Ministry of Mines and Energy, the National Hydrocarbons Agency and the National Mining Agency at the Significant Experiences in Environmental and Social Management of the Mining and Energy Sector event, which was held in Bogota on December 14, 2021.
It noted that the award recognizes innovative initiatives dedicated to sustainable development and in strengthening relations between communities, companies and government. The award was one of five, within the categories of gender equality, affordable and clean energy, reduced inequalities, sustainable cities and communities, and human rights, the company added.
READ: Royal Road Minerals announces results from first three drill holes at Guintär copper-gold project in Colombia
“We understand that the efforts we make today to improve people’s quality of lives and preserve the environment will be the foundation for a sustainable future,” Royal Road’s executive director for sustainability Raul Farfan said in a statement.
“Mining plays a paramount role in achieving the United Nations Sustainable Development Goals and in global decarbonization.
“This role is poorly recognized, in order to redress this, our industry needs to embrace the very highest standards in ESG performance and to communicate regularly and effectively”
The company said the award is the third recognition it has received for its environmental and social initiatives in the last four weeks which indicates that it is on the right path.
It also received the Environmental, Social and Governance (ESG) Exploration and Developer Award at the Mines and Money event which took place in early December and the Economic Development Award at the Colombia Gold Symposium which was held in Medellin in November.
Royal Road is an exploration and development company with a firm focus on discovering new deposits with a strategic focus on Colombia and Nicaragua.
Contact the author at stephen.gunnion@proactiveinvestors.com