Management Approach​

The Company’s commitment to responsible mining and sustainable practices is evident in its rigorous mine closure standard, aligned with the International Council on Mining & Metals (ICMM) guideline and applied across business units. With an aim to minimize environmental and social impacts during and after the operational phase, the standard encompasses comprehensive measures, including land stabilization, waste management, water management, mine rehabilitation and biodiversity management. For each site, the environmental impact assessment (EIA) is performed and is foundational in developing the mine closure plans.

In parallel, a social impact assessment (SIA) is conducted prior to the commencement of the project. This assessment is critical for understanding the potential social impacts on local communities and for crafting activities that meet community needs and avoid negative impacts. In addition, if there are significant changes to the project specifications, a new SIA is scheduled to ensure that community interests remain protected and aligned with the evolving scope of activities. The Company’s mine closure is aimed at ensuring that surrounding communities can continue their sustainable ecosystem and livelihoods long after mine operations have ceased. Throughout the mine closure process, the Company closely monitors the progress associated with the mine closure plan both in environmental and social dimensions. Progress reports are regularly updated to the mine closure committee on a quarterly basis.