Responsible Mining

Our Economic Contribution

As a responsible gold miner, B2Gold aims to create and distribute economic value among our stakeholders. Our economic performance is measured by the economic value that we generate for others, including payments to governments through taxes and royalties, local hiring and procurement, and investment in communities. Our successful business performance in 2020 benefitted our shareholders, as well as the many other stakeholders in the countries, regions, and communities where we operate.

“For B2Gold and the world, 2020 was an unprecedented year. The outbreak of the COVID-19 pandemic has altered the way we all live and work, and I could not be more proud of the way that our teams across the globe were able to meet and exceed all expectations and deliver another successful year.”

Clive Johnson, President & CEO, B2Gold Corp.

2020 Performance Highlights

  • Record annual gold production – 12th consecutive year
  • $1.8 Billion Annual Revenue
  • $145M paid as Employee Wages and Benefits
  • $14.4M spent on Community Investment
  • $419M paid to Governments (through taxes and royalties)

Supply Chain and Local Procurement

“We work with suppliers and contractors based on the principles of long-term partnership, fair competition, and ethical conduct.”

B2Gold is committed to maximizing local and national economic benefits from our contracting and purchasing. We are aware of the high priority that host communities and governments place on local procurement benefits. In sourcing the goods and services necessary to run our operations, we give preference to local businesses where possible, provided they meet minimum safety, quality, ethical, and cost requirements. Our Local Content Performance Standard defines the minimum requirements for enhancing local procurement opportunities and benefits. Supply Chain and Community Relations departments coordinate to build the capacity of local suppliers and small businesses, either directly or through service providers, and track our performance regarding local procurement.
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Contributing to Sustainable Development

“We believe that our Company can play an integral role in advancing the Sustainable Development Goals (SDGs) and we are committed to understanding how we can further align our business activities towards this agenda.”

The SDGs represent a global plan of action for social empowerment and inclusion, environmental protection, and economic development for current and future generations. The 17 SDGs address the world’s most critical challenges through the promotion of sustainable development.

In 2020, we updated our approach to reporting against the SDGs in alignment with the GRI and UN Global Compact’s An Analysis of the Goals and Targets. As part of this process, we reviewed the targets developed for each SDG to identify those targets which are most applicable to our Company, as well as possible business actions to help achieve them.
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SDGs

*Visit https://sdg.humanrights.dk/en for a complete list and description of SDG Targets. 

Renewable Energy – Economical, Sustainable, and Progressive

“Climate change is one of the critical global challenges of our time, altering the way we live, our communities, and how we operate our businesses.”

Clive Johnson, President & CEO, B2Gold Corp.

B2Gold is proud to be an industry leader in the implementation of renewable energy solutions to actively manage our emissions. Our Otjikoto operation maintains a fully autonomous hybrid power plant (consisting of 6 MW solar and 24 MW HFO components), which eliminated over 17,000 tonnes of carbon dioxide equivalent (CO2e) emissions in 2020. Following the success of the Otjikoto hybrid power plant, we commenced the construction of a similar hybrid plant (consisting of 30 MW solar and 64 MW HFO components) at our Fekola operation in 2020. The hybrid plant was commissioned in early 2021 and we expect that solar production will reach full capacity by the end of the second quarter of 2021. At full production, the Fekola hybrid power plant will be one of the largest off-grid facilities of its type in the world and is expected to reduce the operation’s HFO fuel consumption by approximately 13.1 million litres, keeping approximately 39,000 tonnes of CO2e from being released per year.

All our sites have completed GHG emissions inventories with a future goal of setting long-term targets to reduce our impacts and increase the amount of renewable energy we use to operate our mines.
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