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Community

Tasiast

Tasiast Mauritanie Limited S.A. ("TMLSA") (Red Back's subsidiary) operates in an area where the only local communities are nomadic. Tasiast is part of the Benichab subdistrict which is located some 200 miles from the site and is the base of a Mayor and a District Official called the Hakem.

Following consultation with the local authorities a number of projects were identified resulting in the development of an Action Plan officially aimed at assisting local communities in Benichab and other parts of Mauritania, including:
  • Provision of financial assistance to local women's cooperatives
  • Provision of community camels and food for the needy during the Muslim feasts of Fitr and Adha
  • Provision of fresh water to numerous villages through the drilling of water wells and provision of hand pumps;
  • Scholarships for children from needy families to study at local schools;
  • Scholarships for two Mauritanians to study at French mining schools;
  • Building school blocks and a new clinic;
  • Provision of medical services at the site clinic for local nomadic familes.

TMLSA Trust Fund

The Company is in the process of establishing the TMLSA Trust Fund ("the Fund"), which will be used for funding local community projects in Benichab at the rate of $1 for each ounce of gold produced.

The mission of the Fund will be 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 will be to provide money for developmental projects and causes. A board of trustees will be established to manage the Fund and shall include representatives of TMLSA along with local District representatives..

Projects to be funded in the communities may include alternative livelihood, water and sanitation, health, education and infrastructure.

Every proposed project will be submitted to the Board of Trustees for approval, after which tenders would be invited from local contractors and suppliers.

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