OUR VISION Hummingbird’s vision to develop a multi-project gold company encompassing exploration, development and production can only be realised by adopting a sustainable approach to all of our operations. This requires creating shared value for all stakeholders and is a central commercial priority. Creating a positive and lasting contribution to the social and economic development of the communities and countries where we operate is intrinsic to our success.
OUR POLICY At Hummingbird we believe that it is our duty to work across all of our operations in the most socially and environmentally responsible way possible. From board level through to operational staff working on the ground, every Hummingbird employee understands and recognises the importance of working safely and respecting the environment and those communities in the countries we are privileged to work in. A sustainability policy which supports strong social and environmental performance is critical in managing the “above-the-ground” risks.
GOVERNANCE Hummingbird is committed to the highest standards of corporate governance. Implementing strong governance is critical to our business strategy, and if not done successfully can ultimately corrode shareholder value. Our Board and management team believe that adherence to good corporate governance is much more than compliance alone, and our experienced team is responsible for the oversight of good governance from Board through to local level within the company. In line with legislation such as the UK Bribery Act, a zero tolerance policy on corruption is at the heart of our sustainability strategy. Through a combination of strong governance and a commitment to transparency and engagement with all stakeholders, Hummingbird aims to mitigate these “above-the-ground” risks. As an advocate for transparency in the extractives sector, Hummingbird remains committed to assisting the Extractive Industries Transparency Initiative, through its annual submission of all government payments. The International Finance Corporation (“IFC”) has been a significant shareholder in Hummingbird since 2012. As such, Hummingbird must comply with the rigorous Performance Standards set out by the IFC in regard to our social and environmental performance. Hummingbird is delighted to have the IFC as a partner, and the financing it has provided represents its endorsement of Hummingbird’s approach to doing business.
HEALTH & SAFETY The health and safety of our employees is a critical component of Hummingbird’s long-term success. Mining can pose inherent health and safety risks, and as such, an effective healthy and safety risk management system embedded into our corporate culture is a strategic priority for us. We are committed to constantly improving health and safety practices and ensuring that all injury and incidents are reported and monitored.
In this section
- Africa’s only female President: Ellen Johnson Sirleaf
- Population: 3.9 million
- Three operating deep water ports
- Robust mining law based on long-established Australian system
- First country to become compliant with the Extractive Industries Transparency Initiative (EITI)
- Rated second best country in West Africa after Ghana by Transparency International
- Principal towns: Ganta, Buchanan, Greenville, Gbarnga, Kakata, Voinjama, Harper
- USA currently constructing their largest embassy in an African country in Liberia
- International commodity firms investing include ArcelorMittal, BHP Billiton, Chevron, Sime Darby, Anadarko & Total
- Mo Ibrahim index of African governance named Liberia as ‘Most improved country’ in Sub-Saharan Africa in 2008
- Coastal location
- Capital city: Monrovia
- In 1960s-70s Liberia was Africa’s largest iron ore exporter and 3rd largest in the world
- Economic growth is projected to reach 7.3% in 2011, up from 6.1% in 2009, and 4.6% in 2010
- Total $4.6 billion foreign debt relieved since 2006
- ArcelorMittal made shipment of iron ore from a $1.5bn investment July 2011
- BHP Billiton concluded Liberian investment deals totalling $3bn in 2010
- Tax incentives to companies favouring Liberian employees and locally sourced materials
- Africa’s oldest republic: founded in 1847 by freed African-American slaves
- 133 years of peace & stability
- Peace since 2003. First ever democratic elections held in 2005
- Ellen Johnson Sirleaf re-elected for a second term, November 2011
- The USA has spent over $2 billion to help stabilise and develop; more than on any other African country
- The UN provides over 12,000 military and civilian personnel