Foran Mining Corporation has announced its McIlvenna Bay deposit 65 kilometers west of Flin Flon will become the world’s first carbon neutral copper development project. The Company has partnered with leading carbon measurement firm and sustainability advisory firms Carbonzero and Synergy Enterprises to accurately record its emissions and purchase verified offsets for the carbon emitted from all exploration activities over the past ten years at the Deposit. The offsets which neutralize emissions produced through land use changes and clearing, fuel use for exploration and travel to and from the site will be purchased in the coming weeks and will help provide funding for a mix of projects including a wind power project in Guatemala and a forest protection project in Inner Mongolia.
Executive Chair of Foran Dan Myerson says they are exploring all kinds of exciting initiatives in line with their audacious mission noting this is just the first. He adds McIlvenna Bay will host a centralized mill to support their other world class deposits and they intend to be around for a long time to come.