Social Development Policy

SEMIRARA MINING & POWER CORPORATION aims to provide a lasting and positive contribution to the communities in which we operate through establishing and building mutually beneficial partnerships based on open, honest and constructive engagements. We commit ourselves to be a leader in our industry that understands the privilege of being welcomed and trusted by our host communities by:

1. Engaging communities to understand their needs, concerns, and aspirations towards self- sufficiency and takes them into account in our decisions.
2. Aligning our community investments to the social and environmental interests of our host communities.
3. Being transparent to our host communities about our operations' social and environmental impacts or potential impacts as well as employing the best practices in mining to reduce and mitigate such impacts.
4. Partnering with host communities and offer sustainable benefits from our presence through job generation, business opportunities, and community investments.
5. Complying with all applicable legal, regulatory and standards to which we subscribe.
6. Encouraging our personnel to support our community commitments and investments, and identifying ways to contribute their expertise to benefit our host communities; and
7. Conducting regular measurements and reporting of progress, impact and outcomes of our community activities, investments and partnerships.
8. Integrate sustainable and responsible practices into our operations through energy efficiency and/or adapting applicable global climate action efforts towards a resilient economy.

This policy shall be communicated to all employees and those working on its behalf, as well as visitors and relevant stakeholders. They are in turn encouraged to report issues or concerns that led to or will lead to issues and/or deviation from these commitments to the Management Team, without fear of repression, reprimand or intimidation.