In a significant move towards transparency and accountability, Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) has published its inaugural 2023 Sustainability Report. This comprehensive document outlines the company’s dedication to sustainable practices and its achievements in environmental, social, and governance (ESG) initiatives throughout the year.
Patrick Downey, President and CEO of Orezone, expressed pride in the report’s release, emphasizing that employee health and safety are paramount to their operations. He stated, “Our dedication to sustainability and social responsibility is core to our business strategy. Partnership, community, and sustainability are fundamental to how the Company operates to ensure its long-term success.” The report is available in both English and French, inviting all stakeholders to engage with it.
The 2023 Sustainability Report from Orezone Gold Corporation highlights several notable accomplishments that reflect the company’s commitment to responsible mining practices.
Firstly, Orezone maintained an impressive safety record, achieving 4.4 million hours worked without a lost-time injury. This achievement underscores the company’s dedication to employee health and safety, which is supported by continuous training and the deployment of safety resources.
In terms of local workforce engagement, the Bomboré Mine employed a total of 1,872 contractors alongside 888 permanent and temporary employees. Remarkably, over 98% of this workforce comprised Burkinabé citizens, with female representation standing at 8%. This local engagement not only supports the community but also fosters a sense of ownership and involvement among residents.
Orezone also demonstrated its commitment to the local economy through procurement practices. Approximately 71% of the value for goods and services required for Bomboré Mine operations was sourced locally. This approach reinforces the company’s dedication to supporting local businesses and contributing to economic growth in the region.
The economic impact of the Bomboré Mine is significant, with contributions exceeding $170 million to Burkina Faso’s economy through taxes, royalties, expenditures, and salaries. This financial infusion plays a crucial role in enhancing the livelihoods of many in the surrounding communities.
In a further step towards sustainability, construction began in 2023 to connect the Bomboré Mine to Burkina Faso’s national grid. This transition from heavy fuel oil to grid power is expected to significantly reduce the company’s carbon footprint while also supporting national energy goals.
Additionally, Orezone made substantial progress on Phases II and III of its Resettlement Action Plan (RAP), adhering to the International Finance Corporation’s Performance Standard 5. The community feedback regarding the quality of resettlement sites has been overwhelmingly positive, indicating successful engagement with local stakeholders.
Finally, Orezone continued its investment in livelihood restoration programs aimed at improving the well-being of local residents. These initiatives are designed to foster long-term self-sufficiency and empower community members, ensuring that they benefit from the company’s operations beyond immediate employment opportunities.
As Orezone moves forward, it remains focused on enhancing its sustainability practices while expanding its operations at the Bomboré Gold Mine. The company aims to increase annual gold production through a staged hard rock expansion plan that will leverage its existing mineral reserves.
With a highly skilled leadership team that possesses extensive experience in project construction and operations, Orezone is positioned for growth and to create a meaningful positive impact on the communities it serves. The company’s commitment to sustainability transcends mere regulatory compliance, it is a fundamental element of Orezone’s business strategy, reflecting global shifts towards responsible mining practices.
