TL-EITI Timor-Leste Extractive Industry Transparency Initiative
BUILDING SUSTAINABLE VALUE IN NIGER 2 Be… · adhere to the Extractive Industries Transparency...
Transcript of BUILDING SUSTAINABLE VALUE IN NIGER 2 Be… · adhere to the Extractive Industries Transparency...
UK/USA - NIGER INVESTMENT FORUM 2012 – LONDON
JUNE 14, 2012
BUILDING SUSTAINABLE
VALUE IN NIGER
2
This presentation contains forward-looking statements. Forward-looking statements involve known and
unknown risks, uncertainties and assumptions and accordingly, actual results and future events could
differ materially from those expressed or implied in such statements. You are hence cautioned not to
place undue reliance on forward-looking statements. Forward-looking statements include words or
expressions such as “believe”, “potential”, “guidance”, “increase”, “promote”, “continue”, “minimize”,
“protect”, “improving”, “committed”, “significant”, “underway”, and similar words or expressions. Factors
that could cause future results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include the ability to produce 46,000 to 50,000 ounces in 2012
at the Samira Hill Mine, the ability to minimize the environmental impact of our activities, the ability to
materially comply with applicable standards and regulations, fluctuations in the price of currencies, gold
or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources,
delays, political and social stability in Africa (including our ability to maintain or renew licenses and
permits) and other risks described in SEMAFO’s documents filed from time to time with Canadian
securities regulatory authorities. You can find further information with respect to these and other risks in
SEMAFO’s 2011 Annual MD&A as updated in the First Quarter 2012 MD&A and other filings made with
Canadian securities regulatory authorities and available at www.sedar.com. These documents are also
available on our website at www.semafo.com. These forward-looking statements are dated as of
June 14, 2012 and we disclaim any obligation to update or revise these forward-looking statements,
except as required by applicable law.
All amounts are in US dollars unless otherwise indicated.
FORWARD-LOOKING STATEMENTS
3 PROJECT LOCATIONS
‣ Three gold mines in operation
‣ Active exploration on 4,825 km2
of ground around our mine sites
‣ Workforce: more than 2,300
‣ Mining countries
‣ Extensive and unique CSR
programs
4 OUR SAVOIR-FAIRE
Guided by the strictest standards of corporate governance
uphold the mining codes and laws of our host countries
adhere to the Extractive Industries Transparency Initiative (EITI)
2011 Highlights
Became a signatory of the United Nations Global Compact
Listed its common shares on the NASDAQ OMX Stockholm Stock Exchange
2011 Awards
Named one of Canada’s Most Admired Corporate Cultures
Ranked among the Best Employers in Canada
CORPORATE STRUCTURE IN NIGER 5
SIGNIFICANT GOLD PROJECTS IN WEST AFRICA
Source: company filings
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SAMIRA HILL MINE, NIGER 7
‣ 2004: beginning of operations at the Samira Hill mine in Niger
‣ Located on the 50-kilometer gold belt commonly referred to as the Samira Horizon –
approximately 90 kilometers west of Niamey
‣ 2011 production of 46,700 oz
‣ 2012 production guidance of 46,000 – 50,000 oz
‣ Q1 2012 production at Samira Hill: 12,900 oz, an increase of 32% compared to the same
period in 2011
CONTRIBUTIONS TO THE NATIONAL ECONOMY
Local purchases in 2011: $48M
Local purchases since 2004: $237M
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Nigerian executive officers: national
director and financial director
Encourage learning and transfer of
knowledge amongst our national
employees
2011: signed a two-year agreement
with our unionized employees
HUMAN RESOURCES AND LABOUR PRACTICES 9
Our team in Niger: an unquestionable value
Create and maintain a safe work environment
Increase employee awareness through communication and training
2011: 900 awareness sessions led by health and safety trained supervisors
2011: provided medication to seven clinics and medical assistance to over 5,000 village
residents
Promote awareness programs:
Continuing our HIV/AIDS prevention awareness
1,000 villagers educated on cholera prevention
5,000 villagers educated on malaria and other diseases
HEALTH AND SAFETY: FUNDAMENTAL TO OUR CORPORATE CULTURE 10
MINIMIZE THE ENVIRONMENTAL IMPACT OF OUR ACTIVITIES 11
Protect the environment from the hazards associated with our operations
Conduct systematic monitoring and focus on improving water recycling and reuse
Comply with current regulations
Received inspection visit in 2011 from the Ministry of
Environment as part of an environmental audit:
no violations identified
Preparation of site rehabilitation
12 COMMUNITY INVOLVEMENT, HEART OF OUR SAVOIR-FAIRE
SEMAFO remains committed to making significant contributions
and to improving the quality of life in the communities in which we
operate.
We support Fondation SEMAFO‘s important initiatives in Niger
Education
Health
Revenue-generating projects
Community support
Material donation
13 EDUCATION AND HEALTH
Education
Construction of schools
(2011: 7 primary schools and a CEG in Boulkagou)
Donations of school supplies and furnishings
900 school books
5,000 kits of school supplies
Health
Donation of medical equipment and medicines
to health clinics
Construction of a maternity ward
14 REVENUE-GENERATING PROJECTS
Paprika Production Project
Beneficiaries
• 443 producers in Niger
• Primarily targets women
Create new jobs
Diversify and improve revenue streams
Strengthen the skills of supply chain participants
Support activities involved in processing and
marketing paprika
15 COMMUNITY SUPPORT
Electrification (Bossey Bangou)
Purchase of equipment and seeds for off-season crop
Establishment of libraries (Gotheye)
Purchase of grinding mills (Bossey Bangou) and motor pump (Tiawa)
Construction of 3 water wells and 2 sewing houses - underway
16 NIGER: THE OPPORTUNITY IS THERE