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Community Development and Contributions to Local Economies

Paladin contributes both directly and indirectly to its local communities and, more broadly, to host countries, through various avenues including:

  • targeted community development programmes and initiatives;
  • industry participation (please refer to the Industry Participation section of this Report);
  • the generation and distribution of economic value (please refer to Paladin’s 2016 Annual Report);
  • payment of Government taxes (please refer to the Anti-Corruption and Transparency of Payments to Governments section of this Report); and
  • local hiring and purchasing practices (please refer to the Our People and the Procurement Practices sections of this Report).

Direct and Indirect contributions made to local communities by Paladin are shown in Tables 26 and 27, respectively

 

Table 26: Paladin’s Direct Community Contributions ($US)

 

LHM

KM

Type of Contribution

2015/2016

2014/2015

2015/2016

2014/2015

Infrastructure[44]

0

0

70,722

32,017

Services supported[45]

179,182 

233,666[46]

0

7,657

Donations[47]

4,029

5,235[48]

0

0

Development[49]

0

0

0

100,726

Other[50]

0

0

0

0

TOTAL

183,211

238,901

70,722

140,400[51]

 

 

Table 27: Paladin’s Indirect Community Contributions ($US)

 

LHM

KM

Type of Contribution

2015/2016

2014/2015

2015/2016

2014/2015

Local Rates and Taxes

0

0

0

0

Purchase of local goods

43,895,016

52,712,155

141,324

158,264

Purchase of local services

66,195,048

68,901,134

143,129

228,343

TOTAL

110,090,064

121,613,289

284,453

386,607[52]

 

 

There was lower direct community contributions at LHM to the previous reporting period, which was due to an increased focus on cost optimisation and the tough current economic environment of operating and maintaining a uranium mine. The decrease in contributions at KM is consistent with the current status of care and maintenance.

LHM’s overall expenditure was lower than the previous year, including the purchase of local goods and local services. This was due to successful process changes resulting in fewer reagents required, a focus on reduction in operational cost and the depreciation in the Namibian dollar.

Paladin supports and invests in a number of short, medium, and long-term community development programmes and initiatives. The Company continues to monitor the implementation status of the programmes and initiatives, and to evaluate the effectiveness of the Company’s efforts through feedback from various stakeholder groups. A summary of some of the key programmes that Paladin has conducted with great success is provided in the following section. [53]

 

[53] Paladin's 2016 Annual Report and the Company's website  (www.paladinenergy.com.au) provide detailed information on the programmes and initiatives Paladin has undertaken
[54] Infrastructure: include facilities (e.g. water supply, road, school, hospital) built primarily to provide a public service or good.
[55] Services supported: providing public benefit through direct payment of operating costs or through staffing the service with employees.
[56] Community Investments - sponsorships towards education, community projects, environment, youth and sport, feeding schemes.
[57] Donations: direct contributions to community welfare.
[58] Scholl project donation.
[59] Development: agriculture, micro-loans, business development, etc.
[60] Other: all other forms of direct contributions not allocated to the categories above.
[61] Lower contribution due to the care and maintenance status of KM.
[62] Lower contribution due to the care and maintenance status of KM
[63] Paladin’s 2016 Annual Report and the Company’s website (www.paladinenergy.com.au) provide detailed information on the programmes and initiatives Paladin has undertaken.

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