 |  | |  | |  | |  | |  | |  | |  | |
| | | | | | | | | | | | | | |
|
|
Corporate Overview
Directory
Management
Community
Governance
Share/Corporate History
Equity Financings
| |
CommunityCorporate Social Responsibility Red Back has been involved in Ghana since 1998 and has strived to maintain excellent relationships with local communities and remains committed to ensure that its operations provide long term positive utility to the various local communities where we operate. At Chirano, Red Back's subsidiary Chirano Gold Mines Limited ("the Company") has established a Community Consultative Committee ("CCC") made up of representatives of the local government authorities, traditional councils, farmers, and the security agencies. The mandate of the CCC is to provide an open and transparent forum for discussion and debate on all issues affecting the local communities. Regular well attended meetings are held at Chirano and detailed minutes of these meetings are taken and agreed. The CCC has proved an effective body and the Company regularly tables its plans as they affect the local communities for CCC consideration prior to implementation such that once action is taken all affected parties are well informed. The Company is the largest employer in the local area and takes its social responsibilities seriously. The Company has undertaken many initiatives aimed at assisting local communities, including:
CGML Trust Fund The Company has also commenced the CGML Trust Fund ("the Fund") for local communities which provides $1 for each ounce of gold produced for local community projects. The mission of the Fund is to promote and facilitate sustainable socio-economic development in the communities in order to improve upon the quality of life of the people. The sole objective of the Fund is to provide money for developmental projects and causes. A board of trustees will be established to manage the Fund and shall include representatives of CGML along with local Paramount Chiefs and District Chief Executives. The Fund will have separate bank accounts and shall have appointed auditors separate to the Company's auditors. At the end of every financial year the Community Relations Department will meet with all the leaders of the communities within the Project footprint to assess their needs and provide these in order of priority based on money available in the Fund. Projects and causes to be provided the communities may include alternative livelihood, water and sanitation, health, education and infrastructure. Since the District Assemblies are by law and convention the ultimate planning agencies for the socio-economic development of the rural communities, discussions will be held with them to ensure that projects and causes to be provided by the Fund meet the applicable guidelines of the Ghana Education Service, the Ghana Health Service and the Community Water and Sanitation Agency. The projects to be undertaken would be such as to contribute to the Growth and Poverty Reduction Strategy of Ghana and achievement of the United Nations' Millennium Development Goals. Every proposed project that would be provided to the communities will be submitted to the Board of Trustees for approval, after which tenders would be invited from local contractors and suppliers. Lundin for Africa Red Back, as a Lundin Group Company, has close ties to the Lundin for Africa foundation which is a non-profit organization with the goal of improving the lives of Africans in need. We intend to reach this goal through the implementation of community development projects including, among other project types, the provision of fresh water and programs that create a sustainable future for children. Lundin for Africa began as an idea to fundraise and bring awareness to the beauty and people of Africa through a motorcycle expedition that Lukas Lundin embarked upon with his brother Ian Lundin and world-renowned rider, PG Lundmark. A globally-minded family of philanthropists, the Lundins have personally donated to causes at home, abroad, and through the social programs of their many companies to improve the lives of those around them. The idea of fundraising was nothing new and it was a natural evolution to create a Foundation. After a successful fundraising launch in January 2006 -- with the tour and online auction raising approx. 1.5 million dollars, Lundin for Africa began and along with them a group of benevolent individuals committed to helping the poorest of the poor in Africa. |
| Home Corporate Operations Investors News QwikReport Contact |  |
| |