SUSTAINABLE MINING PRINCIPLES AND ITS KEY ACTION POINTS

These Principles have been evolved in close consultation with industry and other stakeholders to address Indian ethos.

Principle 1 : Integrate sustainable development considerations within the corporate decision making process

Key Action Points
  • Integration of sustainability principles into company policies and practices.
  • Plan, design, operate & close operations to enhance sustainable development.
  • Encourage and ensure good practice & innovation to improve sustainability performance.
  • Encourage customers, business partners and suppliers of goods and services to adopt principles that are comparable to our own.
  • Provide sustainable development training at all levels in our own employees and those of contractors.
  • Support public policies and practices that foster open and competitive markets.

Principle 2 : Conduct business with ethical practices and sound systems of corporate governance

Key Action Points
  • Develop and implement ethical business practices.
  • Implement policies and practices that seek to prevent bribery and corruption.
  • Comply with or continually exceed the requirements of applicable laws and regulations.
  • Work with the governments, industry and other stakeholders to evolve appropriate public policy, laws and regulations that facilitate the mining , minerals and metals sector’s contribution to sustainable development.
     

Principle 3 : Implement risk management strategies based on valid data and sound science

Key Action Points
  • Consult with interested and affected parties in the identification, assessment and management of all significant social, health, safety, environmental and economic impacts associated with our activities.
  • Ensure regular review and updating of risk management systems.
  • Inform potentially affected parties of significant risks from mining, minerals and metals operations and of the measures that will be taken to manage the potential risks effectively.
  • Develop, maintain and test effective emergency response procedures in collaboration with potentially affected parties.

Principle 4 : Seek Continual Improvement in health and safety performance

Key Action Points
  • Implement a management system focused on continual improvement of all aspects of operations that could have a significant impact on the health and safety of our own employees, those of contractors and the communities where we operate.
  • Provide necessary medical facilities.
  • Take all practical measures to eliminate workplace fatalities, injuries and diseases.
  • Provide all employees with health and safety training, and require employees of contractors to have undergone such training.
  • Implement regular health surveillance and risk based monitoring of employees.

Principle 5 : Seek continual improvement of our environment performance based on a precautionary approach

Key Action Points
  • Assess the positive and negative, the direct and indirect and the cumulative environment impacts of new projects.
  • Focussed environmental management system to mitigate adverse environmental impacts.
  • Involve local communities and authorities to avoid or minimize local and regional environmental impacts.
  • Rehabilitate land disturbed or occupied by operations with appropriate post mining land uses.

Principle 6 : Uphold fundamental human rights and respect cultures, customs and values in dealings with employees and others who are affected by our activities

Key Action Points
  • Ensure fair remuneration and work conditions for all employees and do not use forced, compulsory or child labour.
  • Provide for the constructive engagement of employees in upholding the freedom of association and right to collective bargaining.
  • Implement policies and practices to eliminate harassment and unfair discrimination.
  • Provide all relevant staff including security personal with appropriate cultural and human rights training and guidance.
  • Minimize involuntary resettlement and compensate fairly for adverse effects on the community where they cannot be avoided.
  • Respect the culture and heritage of local communities, including indigenous/tribal people.

Principle 7 : Contribution to conservation of biodiversity and integrated approaches to land use planning and management

Key Action Points
  • Respect legally designated protected areas and culturally sensitive sacred grooves.
  • Emphasis on restoration of natural ecosystems to rebuild local bio diversity.
  • Disseminate scientific data and promote practices in biodiversity assessment and management.

Principle 8 : Facilitate and encourage responsible use, reuse and recovery of mined materials including associated natural resources

Key Action Points
  • Advance understanding of the properties of mined out resources and their lifecycle effects.
  • Conduct and support research that promotes effective use of resources.
  • Develop and promote the concept of integrated resource management.
  • Provide regulators and other stakeholders with scientifically sound data.
  • Support the development of scientifically sound policies, regulations, standards and material choice decision that encourage the safe use of mined out material.
  • Provide for safe storage and disposal of residual wastes and process residues.

Principle 9 : Contribute to the social, economic and institutional development of the communities in which we operate

Key Action Points
  • Engage community to discuss and respond to issues and conflict concerning the management of social impacts.
  • Involve affected communities in developing work programs and determining outcomes.
  • Encourage partnerships with governments and non-governmental organizations for effective delivery of programmes.
  • Contribute to skill and capacity building of individuals and community groups.

Principle 10 : Implement effective and transparent engagement, communication and verifiable reporting arrangements with our stakeholders

Key Action Points
  • Engage with and respond to stakeholders through open an and participative consultation process.
  • Constantly document and report on economic, social and environmental performance.
  • Exchange data, implementation procedures, and experiences even personal wherever necessary.
  • Provide information that is independently verifiable.