Corporate Commitment

Lucara continues to progress as a responsible corporation through our field practices, management systems in Environment, Health and Safety, contributions to the communities where we operate, and our commitment to ongoing stakeholder engagement. Corporate responsibility is increasingly central to our strategic and operational thinking. We cannot sustain good financial and operational performance without simultaneously achieving our objectives in health and safety, environmental stewardship, human resource development, and community investment. We believe our transparent approach to doing business is the only way to fully engage our stakeholders in a meaningful, mutually beneficial, relationship.

Lucara's vision of Corporate Responsibility is premised upon a set of principles which guide our relationships with shareholders, employees, partners, governments, and the communities affected by our operations.

Corporate Social Responsibility Charter

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.

Lucara will:

  • Work consultatively with community partners to ensure that our support matches their priorities;
  • Ensure that our support is focused on sustainable community development rather than dependency;
  • Impact positively on the quality of life of members of the local community;
  • Seek opportunities to maximize employment and procurement for local communities through the provision of suitable training opportunities and resources; and
  • Conduct our activities to meet or exceed accepted standards in the protection and promotion of human rights.

As approved by the Board of Directors on the 14 day of December, 2010 and amended on March 22, 2012

Our Guiding Principles

  • 1 We consider the health and safety of our employees and adjoining communities in all aspects of our operations.
  • 2 We initiate and promote ongoing dialogue and engagement with a broad range of stakeholders, maintained in a spirit of transparency and good faith.
  • 3 We exercise vigilance in protecting the environment and seek ways to minimize our environmental footprint. We strive to always meet or exceed regulatory requirements in our environmental performance.
  • 4 We conduct our activities in accordance with accepted standards in the protection and promotion of human rights.
  • 5 We recognize that every community is unique and respect the cultural and historical perspectives and rights of those affected by our operations.
  • 6 We provide a rewarding and meaningful livelihood to our employees. We provide suitable training opportunities and resources are made available to employees to assist them in performing their duties.
  • 7 We seek to provide employment, business and economic opportunities for local communities from our existing operations and new projects.
  • 8 We seek to provide lasting benefits to the communities where we work by promoting sustainable social and economic initiatives. We work consultatively with our community partners to ensure that our support matches their priorities.
  • 9 We maintain high standards of corporate governance, ethics and honesty in all of our dealings, and operate in compliance both with Canadian stock exchange listing and disclosure requirements and the local laws wherever we work.
  • 10 We engage with our industry peers, associations, governments, non-governmental organizations, and civil society to contribute to best practice development and track evolving global standards.

Health and Safety

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.

Download our Health & Safety Policy

The Environment

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.

Download our Environmental Policy

Communities

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:

  • Wages and salaries paid to employees and contractors
  • Taxes, royalties, and fees
  • Procurement of goods and services
  • Installation/upgrading of local infrastructure
  • Support of community development programs

Lucara contributes directly to the Lundin for Africa Foundation (LFA), the philanthropic arm of the Lundin Group of Companies. LFA 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.

Corporate Governance

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").

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Code of Business Conduct & Ethics

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).

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