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TORONTO, Feb. 09, 2021 (GLOBE NEWSWIRE) — Teranga Gold Company (“Teranga” or the “Firm”) (TSX:TGZ; OTCQX:TGCDF) is happy to announce it has gained a 2020 Sustainable Growth Targets (SDG) Accelerators Award from International Compact Community Canada, the Canadian chapter of the UN International Compact.
Teranga’s successful submission within the giant firm class highlights the Firm’s contribution to a ‘zero starvation’ purpose in communities close to the Wahgnion Mine in Burkina Faso, West Africa. Underneath its Livelihood Restoration Plan, Teranga works carefully with native stakeholders to offer schooling, coaching and help that has led to elevated crop manufacturing, new and high-value crops, and improved entry to farming areas.
“The six-year, $18-million program has yielded quite a few advantages for communities neighbouring the mine, together with a doubling of agricultural yield for some crops and vital will increase in family earnings,” stated Richard Younger, President and Chief Govt Officer. “Teranga is dedicated to sharing the advantages of accountable mining with all our stakeholders and we’re proud to work alongside native governments and communities to develop applications that create long-term, sustainable advantages such that the communities and different stakeholders we impression are higher off after we’ve left than earlier than we arrived.”
Concerning the Livelihood Restoration Plan (LRP)
Throughout preliminary consultations to deal with mine-related displacement, meals safety and sustainable agricultural-based livelihoods have been recognized as two crucial points. The LRP, which runs from 2018 to 2023, is ruled by a multi-stakeholder committee that features authorities, youth and ladies. The LRP was designed to strengthen livelihoods and scale back the chance of starvation within the communities surrounding the operation by means of financial empowerment, enhanced technical capability and improved entry to land, tools and inputs.
Teranga’s initiatives in Burkina Faso construct on the power of its established sustainability program in Senegal, the place the Firm operates the Sabodala-Massawa Gold Advanced, the nation’s largest gold mine. Teranga’s sustainability technique is predicated on 4 pillars, together with good governance, our folks and tradition, mitigating our impacts and sharing the advantages of accountable mining.
Concerning the United Nations International Compact
The UN International Compact is a particular initiative of the UN Secretary-Common. The UN International Compact gives a framework for growing a extra sustainable and accountable enterprise, and is the world’s largest company sustainability initiative.
About Teranga
Since its preliminary public providing in 2010, Teranga has grown to turn out to be a low-cost, mid-tier gold producer working two mines – Sabodala-Massawa and Wahgnion – and advancing potential exploration properties throughout West Africa, one of many world’s quickest rising gold jurisdictions. By its continued success and dedication to accountable mining, Teranga has created sustainable worth for all stakeholders and acted as a catalyst for social, financial, and environmental growth. Teranga and Endeavour Mining introduced plans to mix to create a best-in-class senior gold producer in 2020.
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