Lucara Diamond Corp (Lucara) will initiate and promote ongoing dialogue with a broad range of stakeholders across our operations, maintained in a spirit of transparency and good faith. Lucara recognizes that effective stakeholder engagement can create value and mitigate risk for both the company and its stakeholders. We acknowledge that mining is, by definition, finite and therefore will work to provide lasting benefits in the communities where we live and work.
As approved by the Board of Directors on the 14 day of December, 2010 and amended on March 22, 2012
At Lucara, safety is a priority and the Company believes there is a clear relationship between safe and healthy workplaces and satisfactory production results. Line managers are held accountable for their safety performance and management at each site is supported by professional safety staff. All employees are expected to be engaged in maintaining safe work sites through involvement in health and safety committee meetings and through conducting safety inspections. They are given safety training at commencement of employment and regularly throughout their career with the Company. Each Site maintains a Joint Health and Safety Committee (JHSC) which addresses new regulations, site procedures and actions to improve health and safety and an emergency response capability suited to its working environment and risks.
Lucara Diamond aims to create sustainable value in host communities and countries in which we operate. Our operations contribute to the social and economic development and wealth of host communities through a number of channels:
Lucara contributes directly to the Lundin Foundation, the philanthropic arm of the Lundin Group of Companies. The Foundation supports, through a combination of grants and impact investments, innovative, vertically-integrated approaches to poverty alleviation in the areas of agriculture, financial services for the poor, and private sector development. In Lesotho, these include a village savings and loan program with CARE CANADA and a rural health initiative with Partners in Health.
Lucara recognizes that its operations can have significant environmental impacts on local communities throughout the life cycle of our mining operations. Some of these impacts include land use changes, environmental degradation, and population influx, offset by increased economic opportunities and development in the areas of infrastructure, health, education, and micro-enterprise. As a result, we operate under Equator Principles and the guidance of local authorities throughout the life of a mine. This includes use of baseline assessment tools and conducting environmental impact assessments; evaluating how to avoid, mitigate or control potentially significant impacts; implementing appropriate monitoring and management systems; and addressing the need for mine closure.
The Corporation chooses to disclose its corporate governance practices using the disclosure requirements in National Instrument 58-101, Disclosure of Corporate Governance Practices ("NI 58-101") that apply to issuers listed on the TSX. The Corporation's statement of corporate governance practices is made with reference to National Policy 58-201, Corporate Governance Guidelines and NI 58-101 (hereinafter collectively the "Governance Guidelines") which are initiatives of the Canadian Securities Administrators ("CSA").
This Code of Business Conduct and Ethics ("Code") covers a range of business practices and procedures. This Code cannot and does not cover every issue that may arise or every situation in which ethical decisions must be made, but rather sets out key guiding principles of conduct and ethics that Lucara Diamond Corp. and its subsidiaries (collectively, the "Company") expects of its employees, directors and officers (including, without limitation, the Chief Executive Officer and the Chief Financial Officer). All references to "Employees" in this Code includes all employees, directors and officers of the Company).