ESG (5)

May 07, 2021 Written by

Vision

To be a sustainable and responsible gold explorer and miner that evolves into a producer through the exploration, acquisition and development of a high-quality portfolio of precious metal assets.

Mission

To be a strong and supportive partner in our communities, to our employees, shareholders and business partners by consistently creating sustainable value through the safe and responsible exploration, development of our assets.

Values

  • We treat people with dignity and respect
    We receive everyone's contributions with genuine interest and give all ideas a fair hearing. Our actions and communications foster people's sense of value and worth.
  • We respect the environment
    We continually adopt available best practices and advance new technologies where appropriate to manage our environmental footprint and operate sustainably.
  • We work safely
    We never compromise the health and safety of our employees, contractors or the people in the communities in which we operate.
  • We hold ourselves accountable to deliver on our commitments
    We are transparent in our communications, clearly define our plans for the future and report progress against these plans. We are accountable for our actions within the workplace and in our interactions with our stakeholders.
  • We create lasting prosperity in the communities where we operate
    We generate business, training and employment opportunities in the communities in which we operate to create sustainable community benefits. We actively engage with community members to foster communication, strengthen relationships, build understanding and, wherever possible, to align our interests.
  • We generate value from our assets
    We look to maximise all of our assets and corporate alternatives to provide superior returns to both shareholders and stakeholders. Our talented employees work diligently to maximize value for our stakeholders.
April 22, 2021 Written by

The Loncor Foundation is a registered charity in the DRC whose mandate is to improve the quality of life and opportunities for communities near the Company's exploration projects through targeted investments in education and health care.

The primary focus of the Loncor Foundation has been the construction of the Bole Bole medical clinic at Makapela. This two-year project resulted in a hand-over of the project to the community. An initiative is also underway with a Canadian NGO to ship hospital equipment for the clinic from Canada to the DRC.

Bole Bole Clinic, built by Loncor

Bole Bole Clinic [map]

Also in 2012, the Foundation initiated a program to fund the salaries of 12 teachers at the Yindi primary school, eliminating the need for parents to pay tuition costs and increasing enrolment at the school.

Since its creation in 2010, The Loncor Foundation has completed a number of community projects. At the Ngayu project, these include the construction of the new primary school for 300 students at Yindi, referred to above, and the donation of 40 hospital beds to two medical clinics in the area. A donation of clothing has also been made to a local Pygmy community in need.

In 2020 , Loncor began upgrading the local infrastructure in closer proximity to Adumbi, with a focus on education and the creation of usable water points for the local communities. As part of that directive, the company upgraded the facilities at the Bakwambaye School at PK47, a village 8 kilometres from the Adumbi Camp.

Upgrade of Facilities at Bafwambaye School

Bafwambaye School [photo]
Bafwambaye School [photo]

April 22, 2021 Written by

Loncor is committed to ensuring that local communities share in the benefits of mineral development through initiatives to promote social and economic development, as well as through job creation and skills development.

Upgrading of School facilities at Bafwambaye School, Adumbi

In 2020/21 Loncor completed the restoration of a significant section of the Bafwambaye School, situated at PK47, approximately 8 kilometres from the Adumbi base camp.

Bafwambaye school, Adumbi [photo]

Official opening of the Bafwanakengele primary school

The community of Bafwanakengele, located near the Yindi exploration site, together with Loncor Gold and the Loncor Foundation, officially inaugurated the Bafwanakengele Primary School. Built by the Loncor Foundation, the school, which has eight classrooms, a meeting room and principal's office, accommodates over 400 primary students. Among the dignitaries participating in the Official Opening was the Vice Governor of Orientale Province, His Excellency Arama Najiam Israel, the Minister of Education, Mr. Polidor Lakibo and the administrator of Mambassa Territory, Mr. Drakana. Loncor was represented by Fabrice Matheys, General Manager of the Ngayu Project, and Franco Chobohwa, Senior Government Administrative Officer. Shown below is a gallery of photos from the event.

Bafwanakengele [photo]

The Bafwanakengele Primary School

Bafwanakengele [photo]

Principal's Office

Bafwanakengele [photo]

A building from the former school

Bafwanakengele [photo]

Waiting for the Opening to begin!

Bafwanakengele [photo]

New school latrines

Bafwanakengele [photo]

New desks - built by local carpenters

Bafwanakengele [photo]

Vice Governor of Orientale Province, His Excellency Arama Najiam Israel

Bafwanakengele [photo]

The Vice Governor greets local dignitaries

Bafwanakengele [photo]

Greeting local provincial deputies

Bafwanakengele [photo]

Applauding the dignitaries

Bafwanakengele [photo]

John Stavis Bilango, spokesperson for the Governor of Orientale Province

Bafwanakengele [photo]

Standing for the Congolese National Anthem

Bafwanakengele [photo]

Administrator of Mambassa Territory, Mr. Drakana

Bafwanakengele [photo]

Loncor manager and senior geologist Fabrice Mathys

Bafwanakengele [photo]

Freddy Bosomba, District Commissioner of Ituri district

Bafwanakengele [photo]

Applauding the speeches

Bafwanakengele [photo]

Provincial Minister of Education Polidor Lakibo

Bafwanakengele [photo]

Local folk from Bafwanakengele

Bafwanakengele [photo]

The Vice Governor addresses the crowd

Bafwanakengele [photo]

Franco Chobohwa of Loncor presents to the keys to the school to the Vice Governor

 

April 22, 2021 Written by
Clean goldenergy by Loncor [map]

Gold is here to stay. It’s an asset in unstable times. But we are not just thinking about the here and now. Gold mining is a business for dreamers and doers. It takes courage, guts and a leap of faith. To keep the future of gold growing strong, we propose something bold in gold – an alliance of like-minds who link the growth of the gold industry to the well-being of every economy.

We are calling it the Clean Gold Energy Alliance, and the vision is to have every new gold mine in Africa producing its own renewable energy by 2030. How we ramp up to that goal, and how and when we make every gold mine in Africa run on 100% green energy is up to us. Inquire here about joining the Clean Gold Energy Alliance.

What we do know from industry leaders such as E&Y is that linking clean energy production to gold mines can grow the Triple Bottom Line for People, Profit and Planet. We can expand our operations and expand economies. And we like that. And we plan on transforming Africa through our activities, starting in the Democratic Republic of Congo.

We know:
  1. Mines are energy intense and are usually located in remote and often politically unstable locations, far from the grid. Trucking in diesel is expensive.
  2. Chile’s mining industry emerged as one of the leaders in renewable energy. Some 85% of Codelco’s Gabriela Mistral mine is powered from the massive Pampa Elvira solar project, an installation of 2,620 solar panels in the middle of the Atacama Desert.
  3. Installing renewable energy power plants can be a massive liability, but not having a carbon or sound ESG plan and results puts you in the same boat. We see that when done with the right partners, solar and wind can generate a sustainable income for all parties. Investors and aid groups like the Abu Dhabi Fund for Development are here to help generate investment in projects like this.
  4. If we band together we can match investments in renewables to mines in Africa.

Inquire here about joining the Clean Gold Energy Alliance.

Make Solid Gold Investment Ratings Across the Board

One of the key areas of concern to your gold mining business should be the reliability of ESG disclosures and how ESG performance is gauged. The insurance market is eager to develop a reliable index of ratings for ESG in the mining industry and new investors are looking for it.

Consider that we are pioneering a new framework for global leaders and companies. Being part of this alliance means your activities we will be noticed by the Dow Jones Sustainability Index, the FTSE4Good Index (co-owned by the London Stock Exchange and Financial Times), Bloomberg ESG data, the MSCI ESG Indices, and the GRESB benchmarks, not to mention international media.

Inquire here about joining the Clean Gold Energy Alliance.

Disclaimer: none of the companies mentioned above or which we link to imply or suggest their endorsement of the Clean Gold Energy Alliance, unless otherwise stated.

April 22, 2021 Written by