MNS - Where does the SP go from here?, page-12

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Simmpa

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14/03/17

14:02

Post #: 23332260
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Originally posted by tobyjack ↑

I think you may have missed something here Simmpa- as Trommel pointed out when this whole subject was raised before Post #:22214717

"The Ruangwa District Council is now in the process of issuing the documentation for surface rights to the Company. Extensive community involvement has been conducted throughout the process with community working group meetings beginning in late 2014. IFC principles and guidelines have been used throughout the whole process with affected residents being resettled into new accommodation to an equivalent or better standard. The new resettlement village proposed by the company will exceed these guidelines."

IFC’s Environmental and Social Performance Standards (eight in total) provide guidance to IFC’s clients on how to identify risks and impacts, and are designed to help avoid, mitigate, and manage risks and impacts as a way of doing business in a sustainable way, including stakeholder engagement and disclosure obligations of the client in relation to project-level activities. IFC requires its clients to apply the Performance Standards to manage environmental and social risks and impacts so that development opportunities are enhanced. Since their adoption in 2006, IFC’s Performance Standards have become a global benchmark for project finance across emerging markets. Eighty-nine financial institutions in 37 countries have adopted the Equator Principles, which are based on these standards. Other leading development institutions have also adopted practices rooted in our standards. Over the past decade, an estimated $4.5 trillion in investments across emerging markets have adhered to IFC’s standards, or principles inspired by them.

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Finally, who is it with? How much for? Where is their RPF, you know, as required by the banks who adhere to those principals?

No, you don't know do you TJ? No. You're quoting Trommel without actually reading what these principals require.......

MNS Price at posting: 56.0¢ Sentiment: None Disclosure: Not Held
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MNS - Where does the SP go from here?, page-12

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MNS - Where does the SP go from here?, page-12

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