Teranga is committed to making a positive difference in the communities in which we live and work. Our aim is to share the benefits of our mining operation and to leave a lasting, positive legacy that will continue to be enjoyed for generations to come. Through our community development work, Teranga’s host communities benefit from new job opportunities, education and training opportunities, expanded health care services, more secure sources of potable water, improved roads and infrastructure, and much more.
Our most significant CSR achievement has been the completion of the Teranga Development Strategy (“TDS”), which is a result of an 18-month process of collaborative planning between Teranga, the communities, the local, regional and national governments, as well as with other major stakeholders in the near-mine area. The TDS proposes 78 actions for Teranga to promote regional development and to deliver immediate and long-term benefits in three priority areas: sustainable economic growth; agriculture and food security; and youth and training. All of our CSR initiatives will fall into these key areas.
We have worked very hard to understand the needs of the Government, both locally and nationally, and those of all stakeholders in our area of influence as they relate to these key areas so that our activities are complementary where appropriate and leading where necessary. We believe we will be able to make a positive, meaningful impact and together with the communities develop this region in an environmentally and economically sustainable manner. At the end of 2014, 26 out of the 78 TDS actions were completed, 30 were in progress, and 22 were not started.
Mines require land to develop their projects. Often this land is already occupied, either by economic activities (such as agriculture) or by physical settlements, and acquisition of that land by a mining company can displace those activities. Displacement can cause significant hardship for affected communities, but we see land acquisition as one of our potential development levers. We believe that implemented appropriately land acquisition in support of mining operations should contribute to an improvement in the living conditions, livelihoods, economies, and quality of life of affected people.
With the assistance of rePlan, Teranga established a Livelihood Restoration and Resettlement Policy (LRRP) to guide new physical resettlement and economic displacement. The Policy document provides a detailed description of our approach to livelihood restoration and improvement associated with land acquisition. It has been designed to meet and exceed international standards set by the IFC and industry best practices. The Policy details Teranga’s approach to land acquisition, stakeholder engagement and grievance mechanism principles, and defines eligibility and entitlements.
Government Commits to Working with Sabodala Gold Operations on the Development of Niakafiri