Lundin Recognized by UN Global Compact

 

For Sustainable Development, Best Practices 

Lundin Gold announce that it has been recognized by United Nations Global Compact Ecuador for best practices in Sustainable Development Goal 8-Decent Work and Economic Growth in relation to the Company's Training Program for Mining Operations (PCOM) for its Fruta del Norte gold mine in Ecuador. This is the third time in four years that the Company has been recognized for its sustainable development best practices by United Nations Global Compact. 

Due to the emerging nature of the large-scale mining sector in Ecuador and the associated skills and training gap in the country, Lundin Gold, in collaboration with the Lundin Foundation, established the PCOM in 2018 to provide job opportunities for members of local communities in support of the Company's operations. 

PCOM provided structured training in the classroom, state-of-the-art technology, as well as practical experience for both the mine and process plant.  

Over the course of about eighteen months, 306 students, all from the Province of Zamora Chinchipe which hosts Fruta del Norte, graduated from the program as either underground mine operators or process plant operators.  

The Company estimates that, by December 2020, about 90% of the graduates from PCOM will be employed at Fruta del Norte. 

"I am proud of Lundin Gold's commitment to economic development in local communities, and I take great pride in knowing that these PCOM graduates are the first underground equipment and plant operators from the region," said Ron Hochstein, President and CEO of Lundin Gold. 

"Being recognized for our training program by Global Compact Ecuador emphasizes our belief that mining can be a catalyst for sustainable development." The Company is committed to responsible mining.  As such, it aligns its community investment programs with the Sustainable Development Goals. This set of goals, established by the United Nations, seeks to eradicate poverty, protect the environment and ensure prosperity as part of a sustainable development agenda. 

Global Compact is a United Nations' initiative through which companies and organizations voluntarily undertake to align their strategies with ten universal sustainability principles.  Lundin Gold was first recognized by the United Nations Global Compact Networks of Colombia and Ecuador in November 2017 for its work with Catering Las Peñas, the local the supplier of food preparation, cleaning and laundry services that was founded by a group of former Lundin Gold employees.  

Lundin Gold was recognized again in 2019 by United Nations Global Compact Canada for its implementation of educational and training programs, including a high school equivalency program, and its efforts to develop a network of local suppliers for Fruta del Norte.