Significance

When a project is developed close to the community, sometimes resettlement is unavoidable. The Company commits to putting attention into planning resettlement appropriately with well-managed engagement of relevant stakeholders to ensure their standard of living, which creates trust in local communities as well as obtaining social license-to-operate.

Management Approach
The resettlement management standard is developed with respect to human rights as an integral part of the Company’s sustainability. It is developed in line with international guidelines such as those of the International Finance Corporation (IFC) and the International Council on Mining & Metals (ICMM), which is clearly stated that unnecessary resettlement should be avoided. However, where resettlement is unavoidable, the Company strictly follows the standard, which comprises 6 key measures to minimize potential impacts as below information.

1.Mutual agreement setting to develop objectives and mutual agreement with government agencies

2.Strategy formulation to develop implementation strategy

3.Expert consultation for maximum effectiveness of resettlement management

4.Stakeholder consultation to study the concerns of related stakeholders

5.Resettlement planning to develop resettlement plan and use as a framework

6.Monitoring and evaluation to measure the progress against plan and the outcomes

Resettlement Management
The Company’s resettlement management standard is developed in line with international guidelines such as the International Finance Corporation (IFC) and the International Council on Mining & Metals (ICMM). Central to the approach is the principle that unnecessary resettlement should be avoided due to its adverse effects on the quality of life of impacted communities. However, in scenarios where resettlement is unavoidable, the Company adheres to a strict protocol comprising 6 key measures designed to mitigate potential impacts: Mutual agreement setting, Strategy formulation, Expert consultation, Stakeholder consultation, Resettlement planning, and Monitoring & evaluation.

In cases of involuntary resettlement, the Company is committed to managing the process responsibly by exploring project alternatives, aiming to improve or at least restore the livelihoods and living standards of affected communities, especially vulnerable groups. This commitment is upheld through consultation, fair compensation, targeted assistance, and stringent monitoring of time-bound resettlement activities.