Sino Gold in Chinese agreements

Legal Brief

Publishing Date: 17 Dec 2008 4:44pm GMT
Author: Mining, People and the Environment

Sustainability

Sino Gold Mining Ltd has signed two landmark partnership agreements with Chinese authorities, aiming to provide the local government with the tools to implement sustainability and health and safety practices.

“The goal of the partnership is to contribute to sustainable economic and social development of Guizhou Province with the focus on enhancement of environmental and natural resources management policies and practices,” the company said.
The five-year project will comprise five 13-day training programmes, in which more than 125 government officers are anticipated to participate.

Sino Gold has also signed a sustainable community development co-operation agreement to implement a three-phase social development programme over the next ten years. Projects within the initiative will include education, health and sanitation and agricultural production.

Sino Gold hopes that the projects will positively impact on more than 3,400 people in the local region, most of whom belong to the ethnic minority

Meanwhile, China’s Industrial Bank has become the country first financial institution to sign up to the Equator Principals. IFC executives said this was a step forward for Chinese institutions, and described the move as a major breakthrough for green banking in China.

More than 60 financial institutions, representing 85% of project financing worldwide, have adopted the Equator Principals.