Colluli has been highlighted as a blueprint
for mining in developing countries
Sustainability and Danakali
Colluli is expected to provide a community dividend through a positive impact on sustainable economic develop, agriculture, employment in Eritrea.
We will produce SOP for the next 200 years which provides the essential chloride free nutrients to high value crops for farmers. These crops require less water, are pest resistant, yield higher and produce nutrient rich produce, essential for food security and food nutrition not only in Eritrea but globally. This is why we are integrating a world class sustainability program that will benefit the agriculture productivity on the African continent and beyond.
Sustainability is a vital element of our strategy. We are committed to making informed choices that improve our corporate governance, financial strength, operational efficiency, environmental stewardship, community engagement and resource management. Through these efforts, we intend to sustain our business and experience lasting success.
In that regard, we undertook a social and environmental impact assessment (SEIA) and developed social and environmental management and monitoring plans (SEMPs) to prevent and minimise adverse impacts.
Under the AFC Subscription Agreement, the SEIA and the SEMPs are currently being updated to assure full compliance with the Equator Principals (EPs), International Finance Corporation Performance Standards (IFC PSs), IFC Guidance, IFC Environmental, Social, Health and Safety Guidelines, Sector Specific Guidelines and National laws and regulations (collectively, the Lender Standards).
We will ensure all contractors and subcontractors involved with Colluli develop and implement an Environmental Social and Safety Management System and Environmental, Social and Safety Management Plans which are consistent with the CMSC and Danakali policies as well as management’s plans.
In addition, CMSC has developed a Framework for Sustainable Development, and included within this are a number of policies to guide the management of the Project during construction, operations and closure phases.
United Nations Sustainable Development Goals
Colluli will contribute to the region in a substantial way. The United Nations Development Programme (UNDP) has identified Colluli as a strategic opportunity to enhance the delivery of the 13 of 17 Sustainable Development Goals. The project has been highlighted by UNDP as a blueprint for mining in developing countries. The report assessed a wide range of data and included findings from extensive stakeholder engagements. It shows that Colluli is more than just a great asset because it has the potential to help farmers and ensure food security across Eritrea and in the region. As a foundation for our sustainable development, the Danakali and CMSC Boards work to a Sustainable Development Framework, created as a collaborative effort between the two businesses.
Danakali and its Board take no responsibility for the content of the Report, nor does the Company or its Board endorse or warrant the accuracy of any content of the Report.
A link to the report can be found here: Analysis of the Potential Contributions of Colluli Potash Project to Sustainable Development Goals in Eritrea
Sustainability disclosure and reporting on the ESG practices for Danakali and the Colluli Mining Share Company (CMSC) are captured in our Sustainability Report. Our report provides an overview of the Company’s current policies and proposed strategies to ensure adherence to best-in-class environmental, social and governance standards. The Report also demonstrates Colluli’s potential to positively impact Eritrea’s ability to meet its United Nations Sustainable Development Goals (UN SDGs). This report was written to showcase various sustainability topics in a format similar to the Global Reporting Metals Sector Disclosures. (GRI Standards). Once Colluli becomes operational, our annual sustainability reporting will be done in accordance with the GRI Standards and the Mining and Metals Sector Disclosures.
A link to the report can be found here: Colluli Sustainability Report