Tethyan Resources and its controlled affiliates promote sustainable development outcomes and are committed to operating to the highest international standards of environmental practice and engaging with local communities to ensure that there is mutual benefit for exploration and future mining activities. We seek to achieve full integration of environmental, social, health and safety considerations into management systems at all stages of Project exploration and development.
Our work programmes includes a requirement to undertake a substantive process of assessment and engagement with local communities and Government agencies to seek to deliver maximum benefits to all stakeholders with minimum disruption to the environment and lives of the local communities.
Leading sustainability best practice for international projects in emerging markets is generally driven by the international financial institutions. Aurasian is basing the assessment of its environmental, health, safety and social risks on the International Finance Corporation (IFC) Sustainability Framework including the IFC Performance Standards on Environmental and Social Sustainability (PS). Comprehensive Social and Environmental Impact Assessment (ESIA) fully compliant with IFC PS will be conducted by Aurasian as well as applying to the required mining, environmental and industrial safety permits in the country where we operate.
When needed, Tethyan’s Projects that require significant investment from capital markets will be designed to comply with the Equator Principles (EP), which is a risk based framework for assessing potential environmental and social impacts and is based on IFC PS. Many of the IFC Performance Standards and Equator Principles requirements work on the premise that projects seeking funding will employ good international industry practice (GIIP) and Best Available Technology (BAT).
Tethyan is committed to continuously improving the operational performance of the Project, to achieve zero lost time injuries (LTI’s), to establish a culture for safety, productivity, efficiency and flexibility to enhance the Project’s social and environmental benefits in Serbia and Macedonia, and to limit adverse impacts while maintaining a high level of environmental, social, and health and safety performance.