Lundin Mining Corporation

Health and Safety

Lundin Mining is committed to achieving a safe, productive and healthy work environment for all employees, contractors and visitors. Corporate leadership is charged with ensuring that safety and health objectives are identified and clearly communicated across the business, and that the resources necessary to establish and sustain safe, healthy and productive workplaces are provided and accessible.

Safety performance for Lundin Mining is reported monthly and reviewed by the Board of Directors on a quarterly basis. The Board's review includes detailed discussion of critical incidents and all injuries resulting in lost-time, identification of root causes and emerging trends, a review of lessons learned and the status of corrective actions.

The company also has an integrated Health, Safety and Environment ("HSE") Management System that provides the foundation for the Company's safety and health program. The management system is aligned to, and fully compatible with, ISO and OHSAS 18001 requirements.

Additionally, all Lundin Mining sites provide occupational health services to their employees either through on-site clinics, through utilization of local occupational medical providers or though contracted mobile services. Each of the mine sites maintains an industrial hygiene program to regularly sample and assess workplace exposure to hazardous substances such as diesel particulate matter, silica, arsenic, lead, cadmium, mercury and noise.

The Lundin Foundation/ is a philanthropic organization founded originally by the Lundin family. The Foundation provides seed grants, technical assistance and patient risk capital to innovative, scalable business and social enterprises in developing countries with a view to contributing to sustained poverty alleviation. With offices in Canada, Kenya, and Ghana, the Foundation works collaboratively with a number of leading private, bilateral and multilateral organizations to both leverage impacts and ensure alignment with host communities and governments.

The Foundation currently supports 42 initiatives in 17 countries worldwide and follows a set of core principles to guide its investment approach.

The Lundin Foundation:
  1. Seeks entrepreneurs and companies committed to job creation, progressive hiring and training practices, environmental protection and community benefits.
  2. Takes calculated risks in support of scalable innovation.
  3. Trusts, respects and forms long-term partnerships with carefully selected investees and grantees.
  4. Enables local leadership wherever possible.
  5. Deploys grants in support of managerial or technical performance improvements in investees or to test/pilot pre-commercial innovations.
The Foundation invests in three priority sectors that have been carefully selected based on their demonstrable linkages to sustained livelihood benefits for those living at, or near, the bottom of the economic pyramid. The three priorities are access to energy, financial inclusion, and smallholder agriculture.

Access to Energy

Approximately 1.6 billion people around the world still do not have access to electricity and 2 billion cook with wood or charcoal. The lack of access to energy has detrimental effects on education, health, productivity, and the environment. Where there have been considerable advancements in solar and alternative energy products in recent years, getting products to underserved and low-income markets remains a major barrier. The Foundation invests in businesses that are finding new ways to expand the reach of innovative energy products into rural markets.

Financial Inclusion

Only 10% of the world's poor have access to affordable financial services, limiting their capacity to save, build an asset base for emergencies, or invest further in productive equipment or activites which can boost incomes. The Foundation invests in SMEs that offer inclusive financial services (micro-leasing, micro-mortgages, micro-insurance, savings mechanisms) in underserved markets.

Smallholder Agriculture

Agriculture is central to the livelihoods of 80% of the world's poor. Increases in productivity or market opportunities for smallholder farmers have direct impact on rural food security and farmer incomes and can drive broader economic development by stabilising food prices and increasing demand for non-farm goods and services. The Foundation invests in SMEs that enhance agricultural productivity or are increasing market opportunities for smallholder farmers.

Annual Report