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Social Responsibility

The Company’s commitment to meeting its social responsibility is expressed through Paladin’s corporate values, which include a commitment to contribute to the growth and prosperity of the countries in which the Company operates, to respond to community attitudes and expectations and to act with integrity, honesty and cultural sensitivity.

APPROACH

Paladin’s overarching approach to meeting its social responsibility is based on the Company’s commitment to Enduring Value – the Australian Minerals Industry Framework for Sustainable Development, which is aligned with the ten principles of the International Council on Mining and Metals’ Sustainable Development Framework. The Framework includes commitments of stakeholder consultation, ethical business behaviour, social accountability and community development.

In order to translate these commitments into practice, Paladin’s approach focuses on:

  • top-level support of the Board of Directors and CEO;
  • adherence to principles articulated in Corporate Policies and Procedures;
  • programmes aligned with host country Millennium Development Goals;
  • personnel dedicated to achieving corporate social responsibility objectives;
  • compliance with recognised international codes of conduct;
  • acknowledgement of voluntary standards; and
  • reporting in accordance with the Global Reporting Initiative.

The continuing challenging economic environment with the low uranium market price has made it difficult to consistently maintain sufficient resources to progress social and community programmes as planned. However, Paladin remains committed to meeting its social responsibilities both through its own actions, including its community programmes and initiatives, and through its active participation in industry and community-based organisations that foster and promote values and aspirations in line with its own.

The following sections of the Report outline Paladin’s approach and performance relating to the following:

  • Local Communities;
  • Human Rights;
  • Anti-Corruption and Transparency of Payments to Governments;
  • Material Stewardship; and
  • Procurement Practices.

Latest prices

ASX A$ 0.0850
TSX C$ 0.0850

Latest Prices

TradeTech U3O8 spot US$22.50/lb
TradeTech U3O8 long term US$30.00/lb

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