CSR & Sustainability Approach

MINEX is focused on helping communities we work with in elevating quality of life. We are committed to creation and strengthening of education, health and environmental conservation in the communities which we work.

MINEX recognizes the importance of the United Nation’s Guiding Principles (UNGP) on Business and Human Rights. MINEX similarly acknowledges the Principles contained in the United Nations Universal Declaration of Human rights (UDHR).

Our corporate policies, structures, processes, and all our commercial activities are in tandem with UNGP & UDHR. MINEX and all its upstream, midstream and downstream suppliers adhere to strict code of responsible business conduct towards Health, Safety, Human Rights and Environmental impact in Communities where we operate throughout the world.

We share commitment to the core principles of CSR and a vision for the way forward.

MINEX is committed to leadership in responsibility and sustainability.

Our company seeks to uphold the highest standards of ethical behavior and transparency in all our business undertakings. We provide high quality products and are committed to the health and safety of our employees, customers, communities and environment.

Our company is fully committed to transparent, fair and responsible trading. We are focused to ensure that our business has a positive impact on the producers at the end of the chain. This is achieved through continuous improvement and innovation of new ways of creating optimum value for our producer communities; together with sound environmental stewardship.

As a group, we believe in secure, long-term partnerships with our customers. We guarantee fair and stable prices to support sustainable production and the creation of opportunities for re-investment into the local communities. We aim to offer our customers across the world superior value, cost effective solutions and unparalleled professional service.

At MINEX, we are uniquely positioned to oversee all the end-to-end aspects of the commodity transaction cycle, from working on the ground and establishing relationships of mutual trust with local producer partners and communities to confirming and ensuring all legal compliance requirements for international trading in a context where it is essential to guarantee the interests of both producer partner and clients.

MINEX is specialized in provision of important commodities across the world. Our diversified portfolio consists of energy commodities; Metals and Minerals; Petrochemicals & Commodity Chemicals and Timber.

Handling the supply chain of sourcing, marketing, trading, logistics and supply of these commodities is a complex process requiring consummate attention. As part of our company management system, we have comprehensively implemented a specific Quality, Health, Safety and Environment Policy as outlined below:

  • This policy has been defined as a reference point for establishing and reviewing our company goals for consistent improvement. Our company is committed to promoting and implementing the policy throughout the corporate structure, and to increasing awareness by involving and consulting all employee and third party stakeholders.
  • Our company manages all the operations of sourcing, marketing, trading and supply of all the commodities, in accordance with relevant domestic legislation and laws in all areas where we conduct business and also international standards and ethical principles, whether we are directly or indirectly responsible. We comply with all requests issued by regulatory authorities in our origination and destination markets.
  • All our employees receive training, whatever their contractual situation, so as to ensure their awareness, responsibility and involvement in contributing to the quality, health, safety and environmental continuous improvement process.
  • Our aim is to reduce to zero all critical deviations, accidents and occupational diseases. We aim to create a safe and healthy workplace and we take preventive care of the health and welfare of our employees.
  • We manage all residual risks and their potential impact on our employees, on the environment and on the end-users of our products. We are constantly updating our improvement plans.
  • In our Quality, Health, Safety and Environmental System, we define specific standards, procedure and methods aimed at regulating our activities and the ones of all those concerned both internally or externally ( i.e., contractors, suppliers etc)
  • We guarantee that the conditions of our Quality, Health, Safety and Environmental Management System are an integral part of our operational processes. We ensure that adequate means and resources are made available to enforce our Policy and achieve our goals.

The Policy is regularly reviewed in order to ensure that it is fit and appropriate for the company organization. The company makes no exemption to the enforcement of this Policy, nor in the application of the company Quality Assurance Policy and Health, Safety and Environment Standards.

By adhering to the guidelines of our Corporate Code of Business Conduct, MINEX is committed to aid in the international efforts to end the violence and human rights abuses associated with the mining and trading of mineral resources in the Designated regions and has therefore integrated Conflict Minerals Policy across its business activities and engagements with all counterparties.

Conflict minerals refer to minerals such as cassiterite(tin), columbite-tantalite, wolframite (tungsten), gold (3TG) and their derivatives which are mined in regions where human rights abuses, armed conflict and environmental harm may exist.

The fundamental purpose of this policy is to promote integrity and sustainability by advancing cogent ways for legitimate minerals from the designated countries to enter the global supply chain, thereby responsibly supporting the economy of the region and the local communities which depend on this trade as their core economic activity.

MINEX adheres to international policies with benchmark stipulations for transparent, responsible, ethical and sustainable business operations. We are committed to conducting our business in full compliance of all relevant international rules, conventions and regulations relating to supply chain of 3TG minerals. The group will not involve in any activities directly or indirectly which could contribute to financing of conflict.

We will always work with our suppliers to trace material content in the mineral commodities they supply to us down to a conflict free certified smelter and to provide documentation regarding all due diligence efforts. We aim to undertake reasonable due diligence within our supply chain to ensure that specified metals are not being sourced from conflict mines. We will require our suppliers to procure products containing tin, tantalum, tungsten, and/or gold from sources that have been identified to be conflict-free.

In full consideration of the recommendations of OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Afflicted and High Risk Areas, MINEX has adopted the stipulated guidelines to ensure utmost care and due diligence is complied with throughout administration and trading of minerals from the conflict areas. Consistently the following instructions are assimilated in all our trading operations for mineral resources:

  1. While sourcing from, or operating in, conflict-affected and high-risk areas, we will neither tolerate nor by any means profit from, contribute to, assist with or facilitate the commission by any party of:
  2. i) any forms of torture, cruel, inhuman and degrading treatment;
  3. ii) any forms of forced or compulsory labour, which means work or service which is exacted from any person under the menace of penalty and for which said person has not offered himself voluntarily;

iii) the worst forms of child labour;

  1. iv) other gross human rights violations and abuses such as widespread sexual violence;
  2. v) war crimes or other serious violations of international humanitarian law, crimes against humanity or genocide.
  1. We will immediately suspend or discontinue engagement with upstream suppliers where we identify a reasonable risk that they are sourcing from, or linked to, any party committing serious abuses as defined in paragraph 1.
  1. We will not tolerate any direct or indirect support to non-state armed groups through the extraction, transport, trade, handling or export of minerals. “Direct or indirect support” to non state armed groups through the extraction, transport, trade, handling or export of minerals includes, but is not limited to, procuring minerals from, making payments to or otherwise providing logistical assistance or equipment to, non-state armed groups or their affiliates who:
  2. i) illegally control mine sites or otherwise control transportation routes, points where minerals are traded and upstream actors in the supply chain; and/or
  3. ii) illegally tax or extort6 money or minerals at points of access to mine sites, along transportation routes or at points where minerals are traded; and/or

iii) illegally tax or extort intermediaries, export companies or international traders.

  1. We will immediately suspend or discontinue engagement with upstream suppliers where we identify a reasonable risk that they are sourcing from, or linked to, any party providing direct or indirect support to non-state armed groups as defined in paragraph 3.
  1. We agree to eliminate, in accordance with paragraph 10, direct or indirect support to public or private security forces who illegally control mine sites, transportation routes and upstream actors in the supply chain; illegally tax or extort money or minerals at point of access to mine sites, along transportation routes or at points where minerals are traded; or illegally tax or extort intermediaries, export companies or international traders.
  1. We recognize that the role of public or private security forces at the mine sites and/or surrounding areas and/or along transportation routes should be solely to maintain the rule of law, including safeguarding human rights, providing security to mine workers, equipment and facilities, and protecting the mine site or transportation routes from interference with legitimate extraction and trade.
  1. Where we or any company in our supply chain contract public or private security forces, we commit to or we will require that such security forces will be engaged in accordance with the Voluntary Principles on Security and Human Rights. In particular, we will support or take steps, to adopt screening policies to ensure that individuals or units of security forces that are known to have been responsible for gross human rights abuses will not be hired.
  1. We will support efforts, or take steps, to engage with central or local authorities, international organizations and civil society organizations to contribute to workable solutions on how transparency, proportionality and accountability in payments made to public security forces for the provision of security could be improved.
  2. MINEX will support efforts, or take steps, to engage with local authorities, international organizations and civil society organizations to avoid or minimize the exposure of vulnerable groups, in particular, artisanal miners where minerals in the supply chain are extracted through artisanal or small-scale mining, to adverse impacts associated with the presence of security forces, public or private, on mine sites.
  1. In accordance with the specific position of the company in the supply chain, we will immediately devise, adopt and implement a risk management plan with upstream suppliers and other stakeholders to prevent or mitigate the risk of direct or indirect support to public or private security forces, as identified in paragraph 5, where we identify that such a reasonable risk exists. In such cases, we will suspend or discontinue engagement with upstream suppliers after failed attempts at mitigation within six months from the adoption of the risk management plan. Where we identify a reasonable risk of activities inconsistent with paragraphs 8 and 9, we will respond in the same vein.
  1. We will not offer, promise, give or demand any bribes, and will resist the solicitation of bribes to conceal or disguise the origin of minerals, to misrepresent taxes, fees and royalties paid to governments for the purposes of mineral extraction, trade, handling, transport and export.
  1. We will support efforts, or take steps, to contribute to the effective elimination of money laundering where we identify a reasonable risk of money-laundering resulting from, or connected to, the extraction, trade, handling, transport or export of minerals derived from the illegal taxation or extortion of minerals at points of access to mine sites, along transportation routes or at points where minerals are traded by upstream suppliers.
  1. We will ensure that all taxes, fees, and royalties related to mineral extraction, trade and export from conflict-affected and high-risk areas are paid to governments and, in accordance with the company’s position in the supply chain, we commit to disclose such payments in accordance with the principles set forth under the Extractive Industry Transparency Initiative (EITI).
  1. In accordance with the specific position of the company in the supply chain, we commit to engage with suppliers, central or local governmental authorities, international organizations, civil society and affected third parties, as appropriate, to improve and track performance with a view to preventing or mitigating risks of adverse impacts through measureable steps taken in reasonable timescales. We will suspend or discontinue engagement with upstream suppliers after failed attempts at mitigation.MINEX advance its long term mission of promoting expansive and sustainable development of industries by way of investments in industrial scale exploration.