PanAust presents performance report

PANAUST Limited (PanAust) yesterday announced the release of the 13th instalment of its annual consolidated reporting on the company’s sustainability performance.
In a statement, the company said the ‘business review and sustainability report’ for the year ending Dec 31, “provides a comprehensive and balanced overview of PanAust’s performance during the calendar
year and is structured around six core business elements: governance, economic performance, social performance, environmental performance, health and safety performance, and employees”.
International reporting services firm Materiality Counts was engaged by PanAust to provide independent limited assurance of the report.
PanAust executive chairman Qun Yang said his company’s values, its people and culture remained the foundation on which PanAust’s success was founded.
“Our way of doing business, the PanAust Way, is a modern approach to mining that measures success not merely by production volumes but equally by the sustainability of its interaction with its people, host communities and governments, the environment and its shareholders,” Yang said in the statement.
“In 2018, copper and gold production from our operations in Laos was strong.
“We completed a feasibility study and environmental impact statement for the nation-building Sepik Development Project in Papua New Guinea, and
continued to work towards growing our business through identifying and evaluating discovery, acquisition and development opportunities.
“Our values dictate that we build our projects and operations on strong technical, social, environmental and economic foundations that enable fruitful long-term investments.”