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.
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.
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.
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.
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.
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.
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.
The community of Bafwanakengele, 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.
The Bafwanakengele Primary School
Principal's Office
A building from the former school
Waiting for the Opening to begin!
New school latrines
New desks - built by local carpenters
Vice Governor of Orientale Province, His Excellency Arama Najiam Israel
The Vice Governor greets local dignitaries
Greeting local provincial deputies
Applauding the dignitaries
John Stavis Bilango, spokesperson for the Governor of Orientale Province
Standing for the Congolese National Anthem
Administrator of Mambassa Territory, Mr. Drakana
Loncor manager and senior geologist Fabrice Mathys
Freddy Bosomba, District Commissioner of Ituri district
Applauding the speeches
Provincial Minister of Education Polidor Lakibo
Local folk from Bafwanakengele
The Vice Governor addresses the crowd
Franco Chobohwa of Loncor presents to the keys to the school to the Vice Governor
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.
Inquire here about joining the Clean Gold Energy Alliance.
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.