Mining can be a catalyst for sustainable economic development

Focal Areas for Our Impact Investments

The Lundin Foundation is a Canadian non-profit organization. It works in partnership with Lundin Group companies, including Lundin Gold, host governments and local communities to improve the management of, and benefit streams from, resource development projects. The Lundin Foundation is supported through contributions from the Lundin Group Companies, Global Affairs Canada and private donors.

Lundin Gold works collaboratively with the Lundin Foundation to develop and implement a series of impact investment initiatives. Lundin Gold contributes towards strategic initiatives focused on education and training, development of a more inclusive supply chain, economic diversification and improved resource governance through capacity building. For more information about Lundin Gold’s approach to impact investing, see the Company’s most recent Sustainability Report.

Our four impact investing focal areas, key objectives, selected case studies, and linkages with the UN SDGs are summarized below.

Our focal areas for our impact investments in Ecuador are:

Focal AreaObjectiveContributes to UN SDG
Education and training skillsEnable increased local employment and contracting opportunities
Inclusive procurementLeverage procurement to generate local and regional economic growth
Economic diversificationImprove mining-independent livelihoods and economic growth
Resource governanceFacilitate the development of effective, accountable and transparent institutions at all levels; enable municipal and regional agencies to access funding for critical infrastructure

Collaborating with the Lundin Foundation

The Lundin Foundation is a Canadian non-profit organization. It works in partnership with Lundin Group companies, including Lundin Gold, host governments, and local communities to improve the management of, and benefit streams from, resource development projects. The Lundin Foundation is supported through contributions from the Lundin Group Companies, Global Affairs Canada, and private donors.

Since the acquisition of Aurelian Ecuador S.A. in December 2014, Lundin Gold has collaborated with the Lundin Foundation to develop and implement a series of impact investment initiatives which are described in this sustainability report. This includes Lundin Gold’s commitment of over $1.8 million for the 2016/2017 period for a series of strategic initiatives focused on education and training, developing a more inclusive supply chain, contributing to economic diversification, and improving resource governance through capacity building.

In addition, Lundin Gold also contributed $2.7 million to the Lundin Foundation during the reporting period, and the significant majority of this sum has been re-invested in Ecuador.

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