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SUSTAINABILITY

We are committed to carrying out our exploration activities in a sustainable manner, effectively developing health, safety and environmental performance, and engaging openly and proactively with communities and project stakeholders.

Annamite Resources focuses on ESG (Environmental, Social and Governance) matters to follow positive environmental, social, and governance principles, such as the International Finance Corporation Performance Standards (IFC PS), the Voluntary Principles on Security and Human Rights (VPSHR), and the Extractive Industry Transparency Initiative (EITI). Today, shareholders and investors are increasingly eager to align their portfolios with ESG-related companies and fund providers, making it an exciting area of growth that also has positive effects on society and the environment.

To realize these sustainability commitments, every Annamite exploration site will follow these guidelines:

  1. Develop and use systems to identify and manage risks, and provide accurate information to support effective decision making.
  2. Train employees and provide the resources to meet our safety culture, environmental stewardship and social responsibility objectives and targets.
  3. Respect the Universal Declaration of Human Rights in its business operations
  4. Respect the social, economic and cultural rights of local communities.
  5. Adopt procedures, practices and operating standards that ensure ongoing performance improvement aligned with our corporate policies and international best practice.
  6. Wherever appropriate and feasible, set operating standards that exceed the requirements of the national law.
  7. Promote leadership in social responsibility and workplace relations from all our employees.
  8. Seek to share our success by partnering with stakeholders in appropriate community development programs.
  9. Consult and inform all stakeholders in all matters that affect them.
  10. Strive to communicate our Health, Safety, Environmental and Community (HSEC) performance in an accurate, transparent and timely manner.

ENVIRONMENTAL STEWARDSHIP

  • Our environmental protocol will include a photographical documentation of drilling, drill pads and road rehabilitation.

  • Annamite commits to regularly carrying out rehabilitation of drilling pads and access roads immediately post-completion of each hole if not to be further used.If needed for future work, an environmental clean-up is taking place, to include managing waste properly and safe disposal of drilling mud.

  • Financial compensation for the repair of damage to roads caused by drilling rigs and mobile equipment used by contractors will be assessed on a case by case basis.

SOCIAL RESPONSIBILITY

  • Land access, damage compensation, grievance management, and community support initiatives are publicly disclosed in our local office.
  • For exploration activities requiring access to private land, proper compensation will be paid to owners in a fair and transparent way.
  • Regular stakeholder engagement will take place with local authorities and community leaders in surrounding villages.
  • Courtesy visits to province and district authorities prior to any activity is compulsory, with proper explanation of work to be done.

IFC Performance Standards (PS) on
Environmental and Social Sustainability

The Performance Standards on Environmental and Social Sustainability (PS) are directed towards companies like Annamite Resources, providing guidance on how to identify risks and impacts, and are designed to help avoid, mitigate, and manage risks and impacts as a way of doing business in a sustainable way, including stakeholder engagement and disclosure obligations of the company in relation to project-level activities. 

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Together, the eight Performance Standards establish ESG requirements throughout the life of a project: 

  • PS 1: Assessment and Management of Environmental and Social Risks and Impacts 

  • PS 2: Labor and Working Conditions 

  • PS 3: Resource Efficiency and Pollution Prevention 

  • PS4: Community Health, Safety, and Security  

  • PS 5: Land Acquisition and Involuntary Resettlement 

  • PS 6: Biodiversity Conservation and Sustainable Management of Living Natural Resources 

  • PS 7: Indigenous Peoples 

  • PS 8: Cultural Heritage

Established in May 2003 the principles respond to the key challenges identified by the Mining, Minerals and Sustainable Development (MMSD) Project’s agenda for change. In parallel ICMM has developed a series of position statements to augment the ICMM 10 Principles for sustainable development.

Annamite is committed to endorsing and implementing all ICMM 10 Principles. These serve as a best-practice framework for sustainable development in the mining and metals industry. We will report periodically on the company’s performance during our exploration activities.

  • ICMM is an international organization dedicated to a safe, fair, and sustainable mining and metals industry. Bringing together 26 mining and metals companies and 35 regional and commodities associations, the aim is to strengthen environmental and social performance. ICMM catalyzes change, enhancing mining’s contribution to society.​

  • ICMM has prepared a set of 10 principles, eight supporting position statements, and transparent and accountable reporting practices.

Annamite supports the Extractive Industries Transparency Initiative (EITI), which was established to increase transparency over payments by companies from the mining industries to governments and government-linked entities, as well as transparency over revenues received by those host country governments.

Annamite supports human rights consistent with the United Nations Declarations on Human Rights and the Voluntary Principles on Security and Human Rights (VPSHR). Established in 2000, the VPSHR are a set of principles designed to guide companies in maintaining the safety and security of their operations within an operating framework that encourages respect for human rights.