ESG Program

Our Commitment to a strong ESG program

Corporate Responsibility

Environment

Social Strategy

Health & Safety

Governance and Standards

Eloro Resources is committed to creating long-term, sustainable value through responsible business practices, strong corporate governance and accountability to its shareholders and stakeholders.

Corporate Responsibility

Committed to the Bolivian and local workforce

  • Full time on-site team is 100% Bolivian
  • Actively training recent graduate geologists and technical staff through our intern program
  • Staff has expanded considerably since start of program in September 2020. Currently there are 14 geologists with 20 support staff working at Iska Iska on a rotational basis
  • Currently completing an upgrade of computer systems and enhanced training to handle expanded drill program. Preliminary metallurgical tests being carried out in laboratory at Oruro University
  • Local workers primarily from Tupiza and surrounding communities

Environment

Eloro Resources Ltd. Incorporates environmental matters as a basic part of planning for all its projects, complying with all applicable environmental laws, regulations and prescribed standards and criteria in Bolivia and elsewhere.

Eloro Resources Ltd. promotes and implements effective practices for environmental protection, compliance, and emergency response; taking reasonable measures to ensure its operations are responsive to the environmental needs of the nearby communities.

Social Strategy

Social Strategy for Minera Tupiza, ISKA ISKA Project

The social strategy of Minera Tupiza S.R.L., in the exploration phase must focus on transparent dialogue with communities, conflict prevention and sustainable development.

Main objective

The ISKA ISKA project is located near four communities: Almona, La Torre, Salo and Flores Palca. Since the beginning of its operations, the company has established relationships of trust with the communities, ensuring a favourable environment for exploration and minimizing social impacts, creating a positive environment for both the communities and the company.

Strategy Lines Or Objectives

  • 1. Community Relations

    Minera Tupiza maintains open communication with authorities and residents, participating in their meetings and assemblies in each community when invited. We also call for informational meetings related to the progress of the project and other social issues which benefit the entire community and each of its members. These projects include the construction of complete bathrooms, artisanal ovens and educational courses for children, women and men.

  • 2. Conflict Prevention

    Identifying social risks is crucial. To this end, a mechanism must be established to monitor potential claims, grievances, controversies or complaints from authorities and community members. These will be subject to analysis, transparent informational and persuasive efforts, negotiations and proposals for prompt solutions from the company. This will allow for concrete solutions and precise actions tailored to the circumstances. At the beginning of the year, new authorities take office making it important to engage with the management and the company to exchange ideas, listen to proposals and establish the activities to be carried out throughout the year.

    This will foster trust between the parties for the development and implementation of the project.

  • 3. Community Development

    Through transparent dialogue and active participation Minera Tupiza can identify needs and generate sustainable projects in education, health, infrastructure and productive development. Maintaining educational activities with courses that involve children and adults. Computer classes for children foster motivation, curiosity and knowledge. Over time, adults could be included in this class as well. In the area of health, it is necessary to implement health programs to protect workers and strengthen the well-being of communities. This initiative can include accident insurance and preventive medical care for workers, as well as a campaign promoting healthy habits and hygiene in the communities through talks and the distribution of personal hygiene kits.

    Hiring local labour is a key strategy for generating a positive impact on the communities near the ISKA ISKA project. This will improve the workers' economic situation, enhance their quality of life and strengthen the relationship with the communities. Promoting productive entrepreneurship in the communities near the project is a key strategy for sustainable development. Through training, courses and other means, Minera Tupiza could boost local businesses in agriculture, dairy production and other economic activities. This is a way to diversify the economy of the community members generating long-term benefits and a harmonious relationship between the company and its environment.

  • 4. Regulatory Compliance

    Regulatory compliance and monitoring in mining activities ensures that the company operates within the current legal and environmental framework. This includes compliance with regulations regarding safety, environmental management, labour relations and community rights. Transparency in information regarding permits, environmental impact and social commitments will improve relations with communities.

  • 5. Monitoring and Evaluation

    Monitoring and evaluation of activities are fundamental to measuring the impact of the company's work on the environment and the community. This process allows for the identification of risks, the optimization of resources and the strengthening of trust with stakeholders guaranteeing responsible and sustainable mining management. A well-structured strategy will strengthen relationships with the community, prevent social conflicts, ensure the continuity of the company's work and promote community participation.


Health & Safety

Eloro Resources follows the protocol issued as an internal complement to the Biosafety Protocol for Activities in the Mining Sector, implemented by the Ministry of Mining and Metallurgy of the Plurinational State of Bolivia, May 2020. This protocol establishes the general biosafety measures that must be adopted in order to reduce the risk of transmission of COVID-19 from human to human during the development of mining activities.

Eloro Resources also follows general requirements for the selection, delivery, use, conservation and maintenance of personal protective equipment that protects workers, employees, contractors and visitors from the dangers that exist in the Project areas and in those positions of work in which the need for its use is established, due to being affected by a risk that could not be avoided or sufficiently limited by technical means, collective protection or through work organization procedures.

Governance and Standards

The company has established a set of policies with respect to ethical business practices, personal conduct, environmental, safety and occupational health practices, competition and fair dealings, and disclosure of information that describes its commitment to promoting the effective functioning of personnel and improving the company performance.

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Comments, concerns, or information:

Jimena Moran
V.P., Marketing, Logistics & Executive Assistant

info@elororesource.com

Jorge Estepa
V.P., Secretary-Treasurer

info@elororesource.com