Stewardship of Materials and Supply Chain
Golden Mine Projects' acquisition of products and services is guided by a comprehensive policy that emphasizes the stewardship of materials and the supply chain.
We're dedicated to handling our materials and the supply chain sustainably, in line with global best practices.
The stewardship relates to our material selection, procurement, waste management, and product handling.
To realize this vision, Golden Mine Projects pledges to:
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- Embed stewardship values into our operations;
- Adhere to industry norms, regulations, and standards;
- Partner with sustainable, socially-conscious suppliers and contractors;
- Promote sustainable practices among our business associates;
- Build and maintain strong, value-based partnerships;
- Consistently refine our sourcing methods for sustainability;
- Handle materials conscientiously, considering environmental and societal impacts;
- Support local economies through in-country sourcing;
- Adhere to the World Gold Council's Conflict-Free Gold Standard to ensure ethical production;
- Collaborate solely with certified companies for cyanide management; and
- Maintain transparency with stakeholders on our stewardship practices.
Everyone affiliated with Golden Mine Projects is instrumental in upholding these commitments by:
- Championing stewardship programs and initiatives;
- Incorporating stewardship values into daily tasks; and
- Following the company's stewardship policy closely.
Supplier Review and Analysis
Golden Mine Projects prefers collaborating with suppliers who are equally committed to sustainability. In our selection process, we prioritize those showing a keenness to establish enduring sustainable practices.
Emphasizing Local Procurement and Job Creation
Golden Mine Projects actively seeks to bolster local sourcing and employment to enhance local economic upliftment. Specifically:
- We track our spending at both national and local community levels.
- Our social and labor plan in South Africa aims to empower local suppliers through various projects.
- We undertake projects in various countries aimed at nurturing local suppliers and fostering enterprise growth.
Fostering Mutual Benefits
Golden Mine Projects remains devoted to leading in sustainable procurement practices.
Our Supply Chain teams consistently aim to:
- Incorporate ESG and governance terms in our contracts;
- Leverage our purchasing capacity to deliver more than just operational products, especially in our host communities;
- Strengthen our focus on human rights within our supply chain; and
- Whenever feasible, increase our investments in local businesses and ardently support their growth.