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A Clear strategy for Growth

IRC is a vertically integrated
producer of industrial
commodities, notably...

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Health, Safety & Environmental

Introduction

IRC takes its Health and Safety, Environmental and Community (“HSEC”) responsibilities seriously. They are a core consideration at every stage of our business, not just the day-to-day mining and processing operations, but also through all our functions from exploration to logistics and administration. This also includes the communities where we operate and through our involvement in charitable works, the wider communities of the Amur and Jewish Autonomous regions of the Russian Far East.

In recognition of these, IRC is the first and only pure-play iron ore company in the Russian Far East, as well as the first mining company in the Jewish Autonomous and Amur regions to be certified for compliance with ISO 14001:2004. Since 2012, policies and strategies originate with the Health, Safety and Environment Committee of the Board of Directors. Implementation is overseen by the Executive Committee and designated specialist HSEC teams in Moscow, Birobidzhan and at each operating site.

Finally, together with its largest shareholder, Petropavlovsk plc, IRC is the largest financial contributor to the local economy in the Amur Region. This is repeated in the neighbouring Jewish Autonomous Region with the construction of the K&S Mine, the largest single new investment in the region’s history.


Sustainable Development Policy

IRC operations are large-scale projects that cover large areas. Thousands of people are involved on many sites, working across many disciplines. The Company’s operations provide a stimulus for the economic development of the Russian Far East and as such have become an integral part of the local economic fabric.

The core constituents of IRC’s sustainable development policy are

1. The provision of safe and healthy working conditions
2. The rational use of natural resources
3. The preservation of a favourable environment for future generations


Employees, Health & Safety

IRC operates a variety of industrial projects, including mines and processing plants in some harsh climatic conditions in the Russian Far East. Mining operations are open pit and heavily mechanised, a positive contrast to labour intensive underground mining.

At the year-end of 2016 IRC employed approximately 1,571 employees and contractors, about 39.62% decrease compared to end of 2015. Reducing the number of involved employees and contractors as one of the operations of the Group, Kuranakh, was moved to care and maintenance.

For more details, please refer to page 29 to 47 of the Company's 2016 Annual Report.