Social Responsibility: Working with not against

CAMEC is acutely aware of its social responsibility and has an underlying commitment to the well being of the countries in which it operates. The Company recognises that the key to operating successfully in Africa is to understand the needs of the country both on a national and local level. As a result CAMEC is active in initiatives including health, education, infrastructure, training, and agriculture.

Employment and training are key to the future of Africa. Companies need to be committed to developing local labour, knowledge, understanding and skill sets, so that the effects of an economic operation benefit the community. In line with this, CAMEC has a very active national and local employment policy which is underlined by the Company already employing in excess of 3,000 people in the DRC alone.

CAMEC has implemented a number of scholarship programmes aimed at providing funding for locals to be educated in the mineral industry.

Infrastructure is key and CAMEC is active in assisting communities in improving there facilities where necessary. This was highlighted in 2006-7 CAMEC invested $US1,2-million to reconstruct the national road between Kolwezi and Likasi, in the Kakanda Province of the Democratic Republic of the Congo (DRC). The Mulungushi River flooded approximately 15 years ago and caused severe damage to the Mulungushi Bridge and the national road, which left it barely accessible to the surrounding communities and businesses. Before CAMEC stepped in to take over the responsibility of reconstruction, the Kakanda Province originally received quotations of between $US50,000 and $US60,000 per kilometre to rebuild the road.

Environmental:

The Company has environmental and social management plans prepared in accordance with the environmental regulations of the host countries and are based on World Bank Guidelines and policies and industry best practice. In addition, environmental procedures and protocols are being documented to systematically manage the environmental, social and health impacts of its activities.

The Company had no environmental liability arising as a result of water pollution or contamination of land beyond the boundaries of its respective operations and none of these operations were considered by any applicable environmental regulatory authority to be imminent threats to the environment.