PriceSensitive

Los Cerros (ASX:LCL) wins Colombian ESG award for Miraflores program, Colombia

ASX News, Mining
ASX:LCL      MCAP $10.75M
11 November 2022 12:59 (AEDT)

This browser does not support the video element.

Los Cerros (LCL) has won the Colombian Gold Symposium ESG award, acknowledging the company’s Miraflores Somos Todos (We are all Miraflores) program.

The company created and co-led the program for the artisanal mining community of Miraflores to deliver alternative income, and entrepreneurial and assistance programs in the local area.

The main objective of the program is to facilitate the transition of miners away from informal mining activity and into more sustainable and rewarding activities.

Managing Director Jason Stirbinskis said it is important for the company to continue “open and supportive engagement” with the local communities.

“As the company commences the transition towards a preliminary economic assessment and environmental impact assessment submission, it is important to ensure that any future development decision will incorporate the aspirations of local communities and be supported by local stakeholders.”

According to the company, the program draws on principles of empowerment, self-determination and self-management so that dependence on the company is reduced and sustainability and autonomous living is achieved.

There are three pillars of the program are food security and health programs which benefitted 100 miners and their families, scholarship programs in higher education and entrepreneurial productive projects.

In September, the company struck up to 26.6 grams of gold per tonne (g/t) at the Miraflores resource within its Quinchia project in Colombia.

The hole marked the final target of an 80 hole, 37,000-metre diamond core drilling program at Quinchia over three years.

Shares in Los Cerros were up 3.85 per cent, trading at 2.7 cents at 12:59 pm AEDT.

Related News