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2007 Sustainable Development Report


 

Sustainable Development: An Explanation

Sustainable development is most commonly defined as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” Due to explosive world population growth, this approach is now a global imperative.

We are living in a world of unprecedented demographic change. After growing very slowly for most of human history, the world’s population more than doubled in the last half-century and by 2006 had reached 6.7 billion (Source: United Nations Population Fund). Lower mortality, longer life expectancy and a youthful population in countries where fertility remains high have all contributed to the rapid population growth of recent decades.

According to the 2006 revision of a United Nations Population Fund report, the world population is expected to rise in the next 43 years by 2.5 billion, reaching a total of 9.2 billion by 2050.

These future generations will depend upon industries like ours to meet their needs in socially, economically and environmentally responsible ways. Consequently, we strive to run our business in an ethical and responsible manner, and we incorporate sustainable development into the fabric of our everyday approach.

This report addresses how we plan, track and measure our ability to provide social, economic and environmental value that will last well beyond the life of the mine we seek to operate.

Note:
All financial amounts expressed throughout this report are in US dollars.


View the pdf version here.

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