SOVEREIGN ESG FRAMEWORK ADVANCES SOCIAL INITIATIVES IN MALAWI
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Environmental, Social and Governance (ESG) framework established to advance Sovereign’s Corporate Social Responsibility in Malawi |
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Sovereign continues to undertake several initiatives to assist in the development of Malawi and its local communities |
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Promoting education in Malawi through a Schools Upgrade Program and creation of a Scholarship Program for high school learners |
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Advancing local community infrastructure including construction of a new Community Centre at Malingunde and commissioning of water bores across the Company’s licence area to provide local communities with drinking water |
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Establishing international standard mining industry facilities with the construction of an extensive rutile sample laboratory in Lilongwe |
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Employment of a diverse workforce and developing key exploration and mining-applicable skills through training programs |
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Continuing engagement with key stakeholders from local communities through to Government level |
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Sovereign aims to become an industry leader in social responsibility having successfully worked with communities in Malawi over the last decade who remain highly supportive and are well positioned to benefit from the development of new mining projects |
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Updated Scoping Study incorporating the upgraded resource is due for completion in the coming weeks |
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Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) continues its development of the Kasiya rutile project (Kasiya), the largest rutile deposit in the world, the Company is pleased to announce that it has taken proactive steps to establish ESG frameworks to become an industry leader in its corporate social responsibility in Malawi.
Sovereign remains committed to making informed choices in line with our strong corporate governance, financial capabilities, operational efficiency, environmental stewardship, stakeholder engagement and resource management.
Sovereign’s Managing Director Dr Julian Stephens commented: “Over the last decade Sovereign has worked very hard to establish and maintain a strong and positive social licence to operate in Malawi. The future development of the Kasiya Rutile Project will bring substantial benefits to Malawi in terms of GDP, royalties, taxes, employment and training, local business opportunities and community development. In advancing Kasiya, Sovereign will strive to become a leading socially responsible corporate”
ENQUIRIES
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Dr Julian Stephens (Perth) +61(8) 9322 6322 |
Sam Cordin (Perth) |
Sapan Ghai (London)
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Nominated Adviser on AIM |
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RFC Ambrian |
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Bhavesh Patel / Andrew Thomson |
+44 20 3440 6800 |
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Varun Talwar |
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Optiva Securities |
+44 20 3137 1902 |
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Daniel Ingrams |
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Mariela Jaho |
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Christian Dennis |