Gulf Industrials - African focused industrial mineral developer.

Gulf Industrials

Gulf Industrials is an African focused industrial mineral developer with exploration and development assets in Uganda and Madagascar.

Socio-Environmental Policy

Through its extensive experience in diverse regions around the world, Gulf is aware that mining companies are often the dominant development agent in the area of their operations, frequently providing physical infrastructure such as roads, electricity and telecommunications, and services such as housing, water, health care, education and food to the communities in which they source their labour. This can create significant problems for both companies and the affected communities arising out of over-dependence on a single mode of development.

When we leave, it is our aim to leave behind a more self-reliant community through our investment in people and the support of sustainable projects. As such, Gulf’s policy on socio-environmental issues is that of Partnership – a partnership between Gulf, the community of which Gulf becomes a part and the host government. Our Partnership Policy builds on the idea that each sector in society has core competencies and resources that, if appropriately arranged, are complementary to one another.

This view is reflected in the foundations of our Partnership Policy:

  • Knowledge Sharing: an arrangement between parties to share studies, proposals and evaluations
  • Skills Transfer: whenever possible, we endeavour to employ local people for our operations and  if appropriate we establish training programmes in place to enable increased local employment and skills transfer.
  • Capacity Building: a more hands-on approach to the implementation in order to assist in the building of community and government capacity.
  • Dialogue:  agreement between parties to consult with each other during the preparation of regional plans and policy, environmental and social reports, etc.
  • Shared work plan: between the parties for each to implement an independent set of tasks that, together with the tasks of others, build towards a common goal.
  • Shared responsibility: an arrangement between parties to share the overall responsibility for implementing tasks and to be jointly accountable to stakeholders.

We know that our long-term success depends on creating value with our local Partners and for our shareholders. From the day we commence exploration, we begin to formulate a specific management plan to develop, operate and close mines in a manner that improves the lives of the people in the surrounding communities, in a safe and environmentally responsible manner.

As part of this process we seek to produce a report in conjunction with stakeholders that form the basis for ongoing engagement with, and support for, the local Partners which includes:

  • Profiling our operations and the host community
  • Engaging with the full range of local stakeholders
  • Identifying the impacts of our operation – both positive and negative – and our Partners’ key socio-economic development issues

By maintaining high standards for protecting human health and the environment, and working in cooperation with our local Partners, we endeavour to create sustainable, long-term economic and social benefit.

Specifically on Artisinal mining, Gulf has utilised several approaches in implementing its Partnership Policy. In producing the Report Gulf analyses the specific needs of the Artisinal mining community and may seek to provide alternatives including off-take arrangements with Artisinal Mining Associations, Community Trusts, recruitment as part of Gulf’s employee base, employment in environmental rehabilitation and creating alternative sources of employment.

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ASX Listed

Gulf Industrials Ltd (ACN 115 027 033) is an Australian public company listed on the Australian Stock Exchange (ASX: GLF). The company was incorporated as and Australian public company on June 30, 2005 and listed on the ASX (Australian Stock Exchange) on 10 August 2006.

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Contact Us

Level 7
99 Macquarie Street
Sydney NSW 2000
PO Box R383
Royal Exchange NSW 1225
t +61 2 8226 3323
f +61 2 8226 3304
ACN 115 027 033
www.gulfindustrials.com.au