IRC
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INTRODUCTION

IRC takes its Health and Safety, Environmental and Community 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 includes the communities where we operate and through our involvement in charitable works, the wider communities of the Amur and EAO Regions of the Russian Far East.

In 2012 our efforts were recognised and awarded when we became the first and only iron ore company in the Far East, as well as the first mining company in the Jewish Autonomous and Amur regions certified for compliance with ISO 14001:2004.

HSEC 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 Petropavlovsk, we are the largest fiscal contributor to the local economy in the Amur Region. This is repeated in the neighbouring EAO 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.

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 2014 IRC employed 3,075 employees and contractors, a 19% decrease from 3,785 people in 2013. We invest in national and indigenous employment. During 2014 four expatriates were employed at K&S in the Jewish Autonomous region and two at the Hong Kong Head Office.

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

Attracting, employing and retaining high-quality and competent staff is fundamental to IRCs business performance. Our success at this reflects our progress toward our vision of becoming a leading Sino-Russian champion and the preferred employer in the Amur and Jewish Autonomous regions. We work hard to gain, train and retain our employees and contractor partners, and are proud of some of the lowest turnover rates in our sector and geography. Central to achieving our human resource goals is safety. The Company’s objective is to encourage, facilitate and operate a zero harm environment through:

  • Conforming to Russian regulations and international standards where practical and reasonable
  • Extensive health, safety and basic first aid training on an ongoing basis
  • Regular internal audits and external reviews of health and safety policies and equipment

Five Year Safety Statistics 2009-2014 (Russian Standard Scale)

  2009 2010 2011 2012 2013 2014
  Injuries LTIFR Injuries LTIFR Injuries LTIFR Injuries LTIFR Injuries LTIFR Injuries LTIFR
Kuranakh 7 11.1 4 4.6 12 5.54 6 2.55 9 3.90 7 3.44
K&S - - 0 0.00 0 0.00 0 0.00 1 1.00 1 0.81
Other projects - - - - - - 0 0.00 0 0.00 0 0.00
Group 7 8.5 4 3.2 12 3.61 6 1.77 10 3.00 8 2.42