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MINING INDUSTRY SINCE 1935

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Niobec

The Niobec mine is located in the municipality of Saint-Honoré in the Saguenay-Lac-Saint-Jean region of the province of Quebec. It is the only underground niobium mine, and one of the three main niobium producers in the world. The mine’s current production accounts for approximately 8 to 10% of the world’s production. Niobec is selling niobium as a ferroalloy called ferroniobium.

Niobec is pursuing the missions of responsibly operating an integrated site for the production of quality ferroniobium, ranging from extraction to marketing, for international customers, while maximizing the economic potential of a world-class deposit to create value for all of our stakeholders.

Thanks to the skills of our employees and our forward-thinking ways of doing business, we aim to ensure the sustainability and growth of our company by safely producing quality ferroniobium at a competitive cost, while following the best environmental standards.

To implement this vision, Niobec relies on its four fundamental values which are security, respect, integrity and excellence.

Externally Verified Results

2023 TSM Results

Niobec

Crisis Management and Communications Planning Assessment
Facility Crisis management and communications preparednessReviewTraining
Niobec Inc. (QMA)
Niobec inc. (QMA)
Results as of: Jan 04, 2024
Preventing Child and Forced Labour Assessment (Pre-2024)
Facility PREVENTING FORCED LABOURPREVENTING CHILD LABOUR
Niobec inc. (QMA)
Results as of: Dec 20, 2023
Note: These requirements are assessed every three years during the external verification.
Safety and Health Assessment
Commitments and accountabilityPlanning and implementationTraining, behaviour and cultureMonitoring and reportingPerformance
Niobec inc. (QMA)

AAA

AA

A

B

C

Results as of: Dec 20, 2023
Tailings Management Assessment
Tailings management policy and commitmentTailings management systemAssigned accountability and responsibilityAnnual tailings management reviewOperation, maintenance and surveillance (OMS) manual
Niobec inc. (QMA)

AAA

AA

A

B

C

Results as of: Dec 20, 2023
Biodiversity Conservation Management Assessment
Commitment, accountability and communicationsConservation planning and implementationReporting
Niobec inc. (QMA)

AAA

AA

A

B

C

Results as of: Jan 04, 2024
Water Stewardship Assessment
Water governanceOperational water managementWatershed-scale planningWater reporting and performance
Niobec inc. (QMA)

AAA

AA

A

B

C

Results as of: Dec 20, 2023
Indigenous and Community Relationships
Community of Interest IdentificationEffective Community of Interest Engagement and DialogueEffective Indigenous Engagement and DialogueCommunity Impact and Benefit ManagementCommunity of Interest Response Mechanism
Niobec inc. (QMA)

AAA

AA

A

B

C

Results as of: Dec 20, 2023
Climate Change Protocol Assessment
Corporate Climate Change ManagementFacility Climate Change ManagementFacility Performance Targets and Reporting
Niobec Inc. (QMA)
Niobec inc. (QMA)

AAA

AA

A

B

C

Results as of: Jan 04, 2024
International Initiatives
Industry Sustainability Initiatives
ICMM Sustainable Development Framework
WGC Conflict Free Gold Standard
ISO 14001 - EMS Standard
Management System Standards
OHSAS 18001
UN Global Compact
International Voluntary Initiatives
Extractive Industries Transparency Initiative
Voluntary Principles on Security and Human Rights
OECD Guidelines for Multinational Enterprises
AA 1000
Reporting, Disclosure and Transparency Standards
Global Reporting Initiative
CDP
Water Disclosure Project
Carbon Pricing Leadership Coalition
IFC Social and Environmental Performance Standards
Financing Standards
Dow Jones Sustainability Index
Listed on Socially Responsible Investing Indices
Jantzi Social Index
Responsible Jewellery
Industry Sustainability Initiatives
International Cyanide Code
Kimberley Process
Results as of: Dec 16, 2022

Letters of Assurance

Niobec | 2023 | TSM Letter of Assurance



Verification Summary Reports

Niobec | Niobec inc. (QMA) | 2023 | Verification Summary Report



Historical TSM Results

TSM Results 2023 (Externally Verified)

TSM Results 2022

TSM Results 2021

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