"Financially, Bisha provides significant cash flow to the State of Eritrea
by way of income taxes, royalties, employment taxes and ownership dividends"
http://www.prnewswire.com/news-releases/nevsun-releases-2013-corporate-social-responsibility-report-254730271.html
Nevsun Releases 2013 Corporate Social Responsibility Report
VANCOUVER, April 10, 2014 /PRNewswire/ -
*Highlights of the Report*
- Safety record: Excellent - zero lost time injuries in the year
- Community: Well engaged and maximizing local opportunities for
employment
- Environment: Land use, biodiversity studies, water & waste management,
mine closure planning
- Employees: Human rights assessment, fair treatment, benefits, training
& localization
- Government related remittances: $129 million in 2013 and $548
millionsince Bisha went into production in 2011
Nevsun Resources Ltd. <
http://www.nevsun.com/> (TSX: NSU / NYSE MKT: NSU)
(Nevsun or the Company) is pleased to announce the release of its 2013
Corporate Social Responsibility (CSR) Report.
To view the report, please visit
http://www.nevsun.com/responsibility/reporting/.
"Our CSR Report highlights our evolving environmental and social
performance governance programs at the Bisha Mine that are aimed at
reinforcing our commitment to making a collaborative, positive impact in
Eritrea. Active stakeholder engagement involved an extensive materiality
exercise during the year that played a key role in prioritizing CSR topics
and issues to monitor and improve upon. Our desire to maintain a long-term
social license and to operate a premier mining operation requires a strong
commitment to dialogue and transparency with all of our stakeholders,"
stated Cliff Davis, CEO of Nevsun.
The Global Reporting Initiative (GRI) Sustainability Reporting Guidelines
were used in the preparation of this Report and is in accordance with the
'Core' criteria option of the fourth generation (G4) Framework.
*About Nevsun Resources Ltd.*
Nevsun Resources Ltd. is a Vancouver-based mining company with an operating
mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced commercial copper
concentrate production in December 2013 and ranks as one of the highest
grade open pit copper mines in the world. Nevsun has a strong balance sheet
and future cash flows to grow shareholder value through exploration at
Bisha and acquisition of additional mining assets.
*NEVSUN RESOURCES LTD.*
*"Cliff T. Davis"*
Cliff T. Davis
President & Chief Executive Officer
SOURCE Nevsun Resources Ltd.
Excerpt:
Overview
Nevsun Resources Ltd. (Nevsun) is committed to ensuring its worldwide
operations provide a comprehensive positive societal impact. We work with
nearby communities to maximize local employment and training opportunities.
We provide a constant stream of state revenue that assists in numerous
community infrastructure projects across the country. We work towards
ensuring all of our workers, contractors and subcontractors from our
operations through to the supply chain are treated with dignity and
respect. We employ high international and national health & safety
standards to ensure all of our people can return home safely to their
families each and every day. We employ evolving environmental management
programs to minimize the impact of our operations and undertake regular
environmental studies to ensure our decision-making is based on solid
scientific facts.
Bisha Mine, State of Eritrea
Nevsun, partnered with the Eritrean National Mining Corporation (ENAMCO),
operates the Bisha Mine (Bisha) providing tangible benefits to the people
of Eritrea. Bisha is the only producing mine in Eritrea and plays a
significant role in the Eritrean economy. Beyond employment, Bisha provides
opportunities for training, supply chain enhancements and improved
community infrastructure. Financially, Bisha provides significant cash flow
to the State of Eritrea by way of income taxes, royalties, employment taxes
and ownership dividends.
The Bisha Mine was developed in conformance with the 2006 International
Finance Corporation (IFC) Performance Standards for Social and
Environmental Sustainability as applied to non-IFC financed projects in
accordance with the Equator Principles. The social and environmental
policies adopted for the Bisha Mine reflect global standards. In 2014, the
Bisha Mine will work towards adhering to the 2012 International Finance
Corporation (IFC) Performance Standards for Social and Environmental
Sustainability.
For BMSC's Corporate Codes and Policies, click
here<
http://www.nevsun.com/pdf/corporate-code-policies.pdf>
.
Nevsun has embarked on a number of outreach programs that ensures the
nearby communities are fully and properly engaged in the ongoing
development and operation of Bisha. This includes regularly updating and
facilitating applications for employment and contracting opportunities.
Nevsun also respects the philosophy of the Government of Eritrea in which
it believes that the entire country should benefit equally from resource
development and to ensure no one particular region is the recipient of
disproportionate benefits.
Received on Thu Apr 10 2014 - 19:40:40 EDT