Sion Trading FZE is a leading global gold trading and investment company. It has offices in London, New York, Hong Kong, Dubai, Toronto, Singapore, and Perth. Sion Trading is listed on the Alternative Investment Market (AIM) of the London Stock Exchange and trades under the symbol STP. The Company operates through three business segments: precious metals trading, physical precious metals and mining services.
Sion Trading FZE is a leading gold mining company in the United Arab Emirates (UAE). It is the largest gold producer in the UAE with a production capacity of 6.5 million ounces of gold per year. The company’s production is spread across its two operating mines, Al Shimal and Al Wadiya. The company also operates four gold refineries and has a growing smelter complex at Al Wadiya.
In addition to its mining and refining operations, Sion Trading FZE also provides various other services to the industry including exploration and development, trading, project financing, asset management and technology services. Sion Trading FZE’s major shareholders are Sion Holdings Limited and Sion Resources Limited. The company is based in Dubai, United Arab Emirates. Al Shimal Gold Mine Al Shimal Gold Mine is a subsidiary of Sion Trading FZE that was established. The mine produces gold, silver, copper and cobalt.
STAKEHOLDER POLICY
THE approach their sustainability governance is founded on a commitment to pay attention to stakeholders and consider their opinions when making decisions.
The goal is to create strong, long-lasting connections based on openness and trust.
Communication is key. Being frank and open is your best approach.
Stakeholders are all individuals and groups that affect an organization’s performance and have the power to influence its actions.
Sion has identified 10 key stakeholder groups, including the ESG raters and research community (who were added during 2020., reflecting increased investor sentiment towards ESG, host governments, local communities, employees, suppliers, shareholders, civil society organizations, joint venture partners, the media, and investors.
Each of the stakeholders has a unique set of goals and initiatives to pursue.
TRADE ASSOCIATION
SION TRADING FZE UAE communicates with legislators on behalf of the entire sector.
These issues may include everything from the tax code to safety regulations, as well as mining laws.
Mining associations include the entire mining industry in their lobbying efforts. Not just SION.
All lobbying actions carried out by these groups must comply with all applicable laws and regulations, and any violations must be notified to the appropriate authorities as required as a condition of membership.
Not all associations share the same opinion, and in those instances, they work to influence change through their membership.
The ranking of gold mining firms uses a variety of techniques. One is based on their yearly output. Another method is to measure their cash cost per ounce or how much it costs them to mine one ounce of gold. Companies with lower costs per ounce make more money since gold prices are uniform worldwide. The most popular approach is listings according to market capitalization, which considers the overall worth of the company’s capital holdings. The market capitalization per ounce of gold equivalent, which considers the market value, total reserves, and resources for each company and the price of gold, is also considered when comparing different companies. Figures for businesses can show how much the stock market values each business’ reserves on an ounce-for-ounce basis.
Despite a solid performance by market price, global gold production fell by 50 tonnes in 2008. The industry’s total cash production costs increased by 4.1 percent in the third quarter of 2010 to US$585 per ounce of gold mined. The lower price of gold in 2013 is anticipated to impact gold production in the years to come. Barrick Gold is delaying the start of one of its largest gold projects, Pascua Lama (18 million ounces of gold and 676 million ounces of silver). In Australia, mines are being closed by companies to cut costs.
SION Trading FZE has been a notable gold mining company hailing from Utah, with their mining ventures in Central America. They have earned a great name procuring the gold mining contracts with great insight, alacrity and efficiency to compete with the global market
Over the past year, gold stocks, as represented by the VanEck Gold Miners ETF (GDX), have underperformed the overall market. Over the last 12 months, GDX has generated a total return of -12.7 percent, which is less than the Russell 1000 Index’s total return of 10.0 percent.
The worth of a publicly traded firm is represented by its market capitalisation, often known as Market Cap. The majority of the time, it can be computed quickly simply multiplying the share price by the number of outstanding shares
QUALITY INSURANCE
They’ve been using a data-driven approach for the past two years to measure their sustainability materiality. Artificial intelligence can help you do the same thing.
In 2021, they returned to a sustainability materiality assessment, and the results revealed their materiality scores were so low that they needed to reduce their environmental footprint and develop new sustainability strategies.
This company surveyed its internal stakeholders and site-based external stakeholder groups, chosen on a rotating basis, to rate the most important issues that they think are most important for the company’s reputation, finances, and business.
