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Social
At Lithium Ionic, safety comes first. We are committed to creating a secure and supportive workplace, free from harm, harassment, and discrimination. Moreover, we understand the importance of sustainable mining practices in enhancing the well-being of the host country and local communities. We promise to conduct our project with honesty, transparency, and cooperation with regional governments and affected communities.
Local Employment and Economic Growth
The presence of lithium in Minas Gerais presents an exceptional opportunity for regional economic growth. Over the life of the mine (LOM), LTH is projected to pay approximately USD $915 million in local taxes, fostering economic development in the region. Throughout the LOM, LTH will continue to prioritize local suppliers, with an estimated USD $677 million investment in Brazilian goods and services. By sourcing locally, we enhance the prosperity and economic resilience of our communities, ensuring they benefit directly from the project's success.
In addition to economic investment, Lithium Ionic’s mining project will bring substantial job opportunities to the region. In June 2023, we signed a Memorandum of Understanding with Invest Minas, pledging to prioritize local suppliers. At the peak of the project, we expect to employ around 866 local workers. This commitment to local employment fosters economic inclusion and job creation, strengthening the local economy. Click here to read more about our agreement with Invest Minas.
Health and Safety
Lithium Ionic is dedicated to ensuring the health and safety of all workers, including employees and contractors. A daily 'Safety Dialogue' is in place at our project site for incident sharing and continuous learning. In 2023, an operational safety technician was employed to enforce safe practices, resulting in zero fatalities or high-consequence injuries. Additionally, we support local well-being, providing five months' worth of oxygen to São Vicente de Paulo Hospital in 2023.
Stakeholder Engagement
In 2023, Lithium Ionic completed its first internal ESG Materiality Assessment, gaining valuable insights into the environmental, social, and governance priorities of our employees. By Q2 2024, we expanded this initiative to include external stakeholders, fostering collaboration to better understand and address key priorities.
Our dedication to creating positive community impact is reflected in initiatives like the Praça Viva Project in Araçuaí, where we transformed Praça Santa Teresa into a vibrant and inclusive community space. Additionally, in 2024, we launched our Private Social Investment Policy, a strategic framework designed to drive impactful socio-environmental initiatives, further strengthening our connection with local communities.
Praça Viva Project, Araçuaí
Future Plans:
- Establish local training programs to encourage more citizens to take part in the project.
- Increase safe workplace training.
- Increasing the proportion of women on-site and at our corporate office.
- Continue to create meaningful community-building initiatives and shared value opportunities with local citizens.