I agree to and consent to receive news, updates, and other communications via email from Lithium Ionic. I understand that I may withdraw consent at any time by clicking the unsubscribe link contained in all emails from [email protected].
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 initiated its first internal ESG Materiality Assessment, marking a pivotal step towards understanding our employees' priorities regarding environmental, social, and governance matters. Building upon the valuable insights gained from this assessment, in Q2 2024, we furthered our efforts by integrating external stakeholder perspectives alongside the input of our valued workforce. This collaborative approach underscores our dedication to comprehensively understanding our ESG landscape, reinforcing our commitment to sustainable and responsible practices.
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.