Social & Economic Partnership

TOTAL ECONOMIC CONTRIBUTIONS IN EXCESS OF US$ 5 BILLION IN EGYPT

Good working partnerships with our host country governments are key to sustainable success. Centamin has been a first-mover in Egypt and that would not have been possible without the support of our government partners, EMRA. Read more about the structure of our partnership with EMRA and our Concession Agreement here.

Mining has yet to fulfil its true potential in all of the countries we operate and explore: providing jobs, infrastructure, community opportunities, in addition to direct fiscal revenues. With greater than 12 year life of mine at Sukari and an expanding resource base in Côte d’Ivoire, we look forward to continuing to work in partnership with our host country governments to ensure we continue to create tangible opportunities through gold mining for future generations.

We are committed to open, honest and transparent disclosure.  All payments made to governments are fully reported and disclosed through an annual Extractive Sector Transparency Measures Act (“ESTMA”) declaration.

To obtain and maintain a robust licence to operate during all phases of the mine cycle, we must build relationships based on trust and mutual respect with communities, governments, NGOs and other local, national and global stakeholders.

The strength of these relationships is underpinned by:

• Engagement: proactively engage stakeholders based on inclusion, transparency and integrity
• Risk and impact management: integrate stakeholder considerations into managing risks to develop long term, positive cumulative impacts
• Mutual value creation: collaborate to catalyse socioeconomic development so communities can prosper during operations and after mining activities cease.

Strong lines of communication are maintained with our host communities to understand each other’s needs and identify opportunities for long-term mutually beneficial outcomes
At all our sites, we have in place community feedback and grievance mechanisms, which help us to anticipate, understand and mitigate our impacts on communities.

COMMUNITY INVESTMENT
Through community investment we aim to provide a framework that addresses challenges and Catalyses long-term socio-economic development in our host communities. To do so, we must Strengthen the institutions that support local economies, and build the skills and capabilities that diversify economic activity.

Where possible, we seek to leverage other development resources and sources of funding available through partnership with other bodies.

We have 5 strategic community investment pillars:

ESTABLISHED TRACK RECORD OF BEING A TRUSTED CORPORATE PARTNER

Sourcing quality goods and services from local companies and contractors provides one of the best opportunities to create economic centres near operations, supporting sustainable development and building thriving communities.

Responsible and effective supply chain management can create a meaningful multiplier effect, through economic contribution and promoting improved governance standards through the supply chain.

There are two key priorities to our approach to supply chain management with which to effectively support sustainable development:

1. Ensuring the safe, responsible and steady supply of the products and materials needed to operate
2. Responsibly using our significant purchasing power as a lever to drive local and national businesses, entrepreneurs and to improve standards in product quality, safety, and environmental management

CODE OF CONDUCT

Centamin’s Code of Conduct affirms our commitment to uphold high moral and ethical principles and specifies the basic norms of behaviour for employees and others conducting business on our behalf. We expect our suppliers to apply standards to the same level as our own, or higher, in a manner that is appropriate and proportional to the nature and scale of their activities, the goods they supply and the services they perform. We are committed to using only those suppliers that adhere to the same fundamental principles relating to legal compliance, fairness, honesty and anti-corruption.

As a condition of doing business with Centamin, our suppliers are required to comply with applicable laws and meet the commitments and obligations under our Group policy framework, including:

• Anti-bribery and corruption
• Human rights
• Health, safety, environment and social responsibility

These requirements are stated in our standard terms and conditions of contract for suppliers of goods and services, which is appended to our Supplier Code of Conduct.

We have assurance processes in place to verify that our suppliers meet our standards. We reserve the right to undertake due diligence and/or risk assessment to verify compliance to our Supplier Code of Conduct.