One of the focus areas at the recent African Mining INDABA held in Cape Town was the subject of stakeholder management. With many national governments facing tough fiscal challenges, the temptation to increase royalty taxes on the resource sector is increasing. Stakeholder management represents one of the most important ways mining companies can engage in a mutually beneficial dialogue with government about how best to structure a equitable policy that supports the best interests of government, but at the same time enables the private mining sector to prosper and invest.
TAIA Lion Resources stakeholder management policy is reflected in the role the TAIA Peace Foundation TPF plays as a shareholder of TAIA
"Taia aspires to be a leader in ethical exploration and mining, creating robust commercial value while establishing the industry standard for corporate, social and environmental responsibility."
To this end, Taia Peace Foundation was formed in 2007 with a focus on Sierra Leone and with a single aim: to assist rural communities in overcoming the so-called “resource curse”. Taia Peace Foundation (TPF) is Taia’s conduit for social & rural development programs and also provides a tether for local communities to participate in Taia’s value creation.
Through TPF, TAIA is focused on Creating Shared Value (CSV) versus traditional CSR, pursuing development programs that have a joint company and community value proposition. The TPF ensures that TAIA will deliver the highest ethical standards in its operations and will promote economic and social development within their areas of operation through initiatives that will be of widest maximum benefit to our partner communities.The TAIA Stakeholder Model reflects one of the most advanced forms of stakeholder and CSR management and should be considered as a significant benchmark for other exploration companies / investors.
