We view our most significant CSR achievement to be our economic contribution to our host communities. Using 2010 World Bank statistics, First Quantum operations contribute almost 4% of the total economic value added to the countries in which we operate. Our indirect and induced economic contribution is even higher due to the multiplier effects of mining.
We recruit employees from local communities and only source skills from outside when they are not available locally. We also lower poverty rates by sourcing supplies from local businesses where the capacity to support our operations exist.
First Quantum’s direct economic contributions include:
- Employee wages and benefits
- Taxes and royalties paid to governments
- Purchases of goods and services from local and regional suppliers
- Charitable donations, scholarships and support for community initiatives and non-mining infrastructure development
Learn more about First Quantum’s economic contributions in our most recent Sustainability Report: