Environment, Social and Governance
Throughout the exploration and development of Centaurus' projects, the Company has been committed to fostering close relationships with local communities, as well as ensuring we adhere to local environmental regulations. All our projects are overseen by a highly experienced Brazilian management team, enabling Centaurus to work in meaningful alignment with local practice.
In 2020, Centaurus commenced development of its formal environmental, social and governance (ESG) policy framework, which is currently based on the recommendations and principles of two different sources; being:
- Towards Sustainable Mining (TSM) Principles - a globally recognised sustainability program that supports mining companies in managing key environmental and social risks
- Principles of Responsible Investment (PRI) - a United Nations-supported international network of investors working together to contribute to the development of a more sustainable global financial system
Some of the initiatives already implemented by Centaurus in the region surrounding the Jaguar Project include:
- All Centaurus employees working on the Jaguar Project live in the local town with their families, solidifying the relationship between the Company and the local community.
- More than 90% of the current project workforce, including employees and outsourced labour, are from the south-eastern region of the State of Pará.
- More than 80% of the Company’s investment expenditure relating to exploration and development work at the Jaguar Project to date has been awarded to the local community through drilling contracts, engagement of consultants and services and purchase of equipment and supplies.
- Centaurus has established a partnership with the two villages closest to the project site to improve their sanitation systems, including waste disposal, water supply and sewage treatment.
- Centaurus has constructed bridges, installed culverts and upgraded the road between the town and the Jaguar site, with further upgrades now underway in conjunction with local municipalities. The improved roads make travel for local residents significantly safer and less time consuming, particularly during the annual wet season.
- Collection of extensive flora, fauna, hydrological and social data in the region, which will be used to prepare the environmental and social programs to be put in place during the construction and operation of the Jaguar Project. These programs are aimed at minimising the negative impacts and maximising the positive impacts of the project.
- During the collection of social data, more than 95% of the local community interviewed was in favour of the project.