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 15 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.

COMMUNICATION CREATES COMMUNITY

Ensuring the support of the community closest to the Group’s assets and offices is vital to the success and sustainability of Centamin’s business. The communities closest to our site provide Centamin with a pool of talented and willing workers, competent and cost-effective suppliers and help to deliver a safe and secure operating environment.

Centamin’s approach to community relations is to build and maintain open and on-going relationships with the local community, and to use operations as a lever to catalyse sustainable development in the community.  This approach is implemented in the following ways:

• Recruitment of local people
• Utilisation of local suppliers to multiply the economic impact of activities and diversify the economy in readiness for mine closure
• Investing in community and regional infrastructure, development and projects.

At all our operational sites we have established projects and initiatives to support the local communities.  These initiatives are identified through community engagement, materiality assessment and ultimately projects and investments are agreed in consultation with representatives from the local community and national governments. All projects are then approved by the Group sustainability manager and signed off at operational management level, or at Board level for larger investments. Centamin does not engage with political processes or make any political contributions.

We have 5 strategic community investment pillars:

Where possible we like to work in partnership with community development groups. For example, in Côte d’Ivoire we are very active with GIZ International on our bottom-up agriculture support programme in parts of rural Côte d’Ivoire. Training communities in farming, providing access to seeds and fertilisers.

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

It is critical that our suppliers also follow safe and ethical practices, as per the standards and conduct with which we operate. Processes and policies are in place and supplier contracts are being systematically reviewed and updated to ensure our suppliers are suitably risk assessed and also meet our standards. These processes include the following:

• Pre-contractual due diligence
• Risk assessment of a suppliers financial health
• Conflict of interest and initial anti-bribery and corruption checks
• Contractual compliance with our Code of Conduct and associated policies