Adamus Resources Limited - Community Social Responsibility Update
November 04 2010 - 9:14PM
PR Newswire (Canada)
PERTH, Western Australia, Nov. 5 /CNW/ -- /NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/ PERTH, Western Australia, Nov. 5 /CNW/ - VILLAGE
RESETTLEMENT This is the first mining related involuntary
resettlement in the Eastern Nzema / Ellembelle districts, and as
such both the Community and the company have been breaking new
ground in establishing negotiations and agreements. The company has
received full support from the local government and community
leaders in establishing the mechanisms of negotiation. It is
planned to complete the construction in the second half of 2011
with minimal impact on the community and managed in accordance with
EPA permit conditions. Compensation has secured full access to all
areas in the 2011 and 2012 mine plan and the company's grade
control program remains on schedule. Initial mining has commenced
as planned. The Salman Resettlement involves over 2,000 people, 503
structures and 19 public buildings, all being resettled at a site
approximately 1km to the east of planned mining at the Nzema Gold
Project's Salman Central pit. Adamus purchased the resettlement
site of 250 acres in 2008. Total work is 24% complete as of end of
September 2010. Negotiations for the resettlement were an integral
part of the mine approval and were conducted between the company
and the Salman Community over a two-year period, beginning in 2008
and culminating in the signing of the Resettlement Agreement on 11
May 2010. The resettlement is based on Ghana EPA standards, as well
as previous resettlement projects in Ghana. It is a 'like-for-like'
resettlement, with additional terms agreed with the Community that
go beyond statutory minimum requirements. These include the
provision of a police station and medical clinic in the village,
bathrooms and verandas to all houses, larger room sizes compared to
standard practice and a commitment to provide electrical
distribution throughout the village. Additionally, the construction
material used after agreement with the Community, Hydraform, has
significant advantages over the traditional sandcrete brick, which
will further enhance the aesthetic and practical benefits of the
new village. Following the Resettlement Agreement, a number of
other items of concern to the local community have been discussed
and resolved, and these form the text of a Memorandum of
Understanding (MOU) between the Community, the Company and the
Western Regional Government. This MOU, which was signed on 28
October 2010, will allow for the acceleration of building works
while initial mining commences on schedule. Site preparation,
earthworks and drainage have been completed whilst the manufacture
of hydraform bricks continues and the construction of public
buildings is well advanced. SKILLS & TRAINING Technical
Training ------------------ 50 youths from 10 communities in the
Ellembelle and Nzema East Districts graduated on 28 October 2010
from the 3rd technical skills training program at Kikam Technical
Training Institute, jointly sponsored by Adamus and the Australian
High Commission. Adamus believes youth education and technical
skills development are key bedrocks of socio-economic development
helping to build the foundation for alleviation of poverty. It is
against this backdrop that Adamus, since 2008, has collaborated
with the Australian High Commission to train 141 youth from our
mining communities in areas of Carpentry, Welding and Fabrication
Mechanical, Plumbing, Masonry and Electrical Installation at the
Kikam Technical Training Institute and Axim Community Development
Vocational Training Institute This training has involved 16
communities. Around 60% of the total 141 trained to-date are self
employed and 24% are working with various organizations including
Adamus and its sub-contractors, while the remaining are either
continuing their education (5%) or seeking employment. Such is the
success of this program that Adamus plans to seek accreditation for
the program to ensure future graduates get higher recognition in
seeking employment and in furthering their education. Although
Adamus is yet to commence production, the company has spent over
US$300,000 since 2007 on social responsibility, community
development and donations for local events. Adamus sees youth
education and technical skills development as a sustainable
investment long after mining in the area has completed. The company
is committed to broadening its engagements in developmental
projects and capacity building in the local communities and
technical skills development will be one of the key areas of
funding to build a sustainable legacy for the company and the youth
in the mining communities. Apprenticeship Training
----------------------- 20 youths have undertaken apprenticeships
through Adamus' subcontractors during the construction phase of the
Nzema Gold project. Training was undertaken in welding and
fabrication, steel bending and scaffolding. Paolo Albertazzi,
Project Engineer, CONSAR Limited, one of the subcontracting
companies to offer local apprenticeships said about the
apprentices, "They are well trained and can competently play the
roles in their chosen fields". Way Forward ----------- - Implement
scholarships for Salman and other impacted communities - Design new
training programs for local youth - Implementation of
agricultural-based community projects - Take steps to employ Nzema
locals, and in particular Salman residents - Continue with
stakeholder engagement (Executive Stakeholder Meetings,
Sensitization Programmes, Public Consultations, Community Support
and Community Development Programmes - education, health, water and
sanitation) OUR COMMITMENT The core activities of Adamus' Community
Social Responsibility are : - Training & Education Providing
education and training opportunities to local communities to enable
community members to acquire employable skills with a long- term
view of reducing poverty levels. - Built 3-unit classroom block
with office for Anwia community - Built nursery school for Salman
community - Built nursery school (provisional) for Akango community
- Donated sports items, stationery and books to various schools -
Provided training for 141 youths in engineering and vocational
skills (catering, home management, computer literacy and soap,
batik, tie & dye making) - Health Providing education and
equipment to improve general health in local communities. This has
included : - Supported malaria control education - Provided
mosquito bed nets - Provided education on mine operation safety
regulations - Water Provide safe drinking water for local
communities and ensure mine operations in no way harm local
waterways or catchment areas. - Provided mechanized borehole for
Nkroful SHS - Provided borehole with pump for Duale community -
Repaired mechanised borehole for Essiama Nursing School (servicing
1,000 students) - Repaired boreholes for local communities
including Salman, Akango, Akropong, Dominase and Aluku -
Stakeholder Engagement Ensure local communities are aware of
Adamus' social responsibility programs; that Adamus is part of the
community and those local communities are involved in
decision-making processes. This includes: - Executive Stakeholder
Meeting - Community Stakeholder Engagements (Government agencies,
Community Leaders, Farmers, Media, Local Youth and Concerned
Citizens) - Assisting with local community events such as
anniversaries, funerals and festivals About Adamus Adamus Resources
Limited is an explorer and mine developer, listed on the Australian
Securities Exchange (ASX), TSX Venture Exchange (TSX-V) and
Frankfurt Stock Exchange Open Market (FSE). The Company's primary
focus is on exploring, realising and expanding the economic
potential of the Southern Ashanti Gold Project in Ghana, West
Africa. The Project encompasses approximately 665km(2) of tenure in
the Ashanti Gold Belt - host to over 100moz of gold and the Project
boasts excellent access to port and road infrastructure. Ghana is a
stable West African country with a long history and some of the
world's largest gold mining operations. Gold production is vital to
the national economy. Members of the Adamus Board and management
team have proven records in mineral exploration, project
development and project financing. Kind regards ADAMUS RESOURCES
LIMITED (signed) Mark Connelly Managing Director/CEO Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Information. Certain statements
included in this announcement, including information regarding
Adamus' plans with respect to its mineral properties, constitute
forward-looking information. Forward-looking information includes,
among other things, statements regarding expected operations.
Forward-looking information is based upon a number of estimates and
assumptions made by the Company in light of its experience, current
conditions and expectations of future developments, as well as
other factors that the Company believes are appropriate in the
circumstances. While these estimates and assumptions are considered
reasonable by the Company, they are inherently subject to business,
economic, competitive, political and social uncertainties and
contingencies. Many factors could cause the Company's actual
results to differ materially from those expressed or implied in any
forward-looking information provided by the Company, or on behalf
of, the Company. Such factors include, among other things, risks
relating to additional funding requirements, metal prices,
exploration, development and operating risks, competition,
production risks, regulatory restrictions, including environmental
regulation and liability and potential title disputes. Investors
are cautioned that forward-looking information is no guarantee of
future performance and, accordingly, investors are cautioned not to
put undue reliance on forward-looking information due to the
inherent uncertainty therein. Forward-looking information is made
as at the date of this announcement and the Company disclaims any
intent or obligation to update publicly such forward-looking
information, whether as a result of new information, future events
or results or otherwise. please see our website:
www.adamusresources.com.au or contact: Mark Connelly - Managing
Director/CEO, +61 8 9322 5943, email:
mark.connelly@adamusresources.com.au; For media enquiries contact:
Brian Thornton - Farrington National, +61 2 9332 4448, email:
bt@farrington.com.au
Copyright
Adamus Res Ltd. (TSXV:ADU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Adamus Res Ltd. (TSXV:ADU)
Historical Stock Chart
From Jul 2023 to Jul 2024