ESG SUSTAINABILITY
These are exciting times for the mining industry. We are an industry that can positively impact and collaboratively help develop local communities and host nations – at a time when companies, society and investors seek purpose and deliver ESG excellence.
ESG INVESTING
We firmly believe that superior investor returns, ESG & Sustainability go hand in hand together. Our Executive Team has solid long term practical experience and have recognized thought leadership in this area.
TRX Gold is also building a new mine, Buckreef Gold, during the start of the United Nations ‘Decade of Action’ for Sustainable Development Goals, and the mining industry’s role in achieving those SDGs is becoming more apparent and urgent each day. Our work will be framed in the context of the Sustainable Development Goals and we will report on our sustainability actions and achievements within this framework.
Respect.
Responsibility.
Relationships.
Transparency.
Trust.
Our values, mission and purpose are currently being re-defined and articulated. We look forward to sharing with you as we build and operate a mine that is ‘Future Fit and Purpose Driven.’
ESTMA Reports
What is ESG?
ESG is a major focus of our business plan. ESG stands for Environmental, Social, and Governance.
Environment
- Low carbon footprint by maximizing grid power and minimizing diesel usage
- All sites and suppliers to be certified by International Cyanide Management Code
- Dry stack tailing will minimize environmental risks
Social
- 45% ownership by Tanzania through STAMICO
- Granting land package access to artisanal miners
- Contribute to community development via gold royalties
- ~100% local workforce & committed to local procurement
- Developing major water system to provide communities access to clean water
- Donated 300 desks to Kaseme Secondary School
- Company Chair developed the Bulyanhulu Hospital, orphanage in Kabanga, and rebuilt the Mother Teresa School for the visually impaired in Dar Es Salaam
Governance
- Board & Management have extensive mining experience
- Audit and Compensation Committee comprised solely of Independent Directors
- Annual performance evaluation using the GRI Sustainability Reporting Standards
- Zero tolerance for corruption