Tara Resources is committed to protecting the environment, respecting local culture and values, promoting the health and safety of its employees, and striving to be an exemplary corporate citizen.
- We are committed to following the standards laid out by the World Bank’s International Finance Corporation (IFC Performance Standards), European Bank for Reconstruction and Development (EBRD Performance Requirements) and Equator Principles.
- The Environmental and Social Impact Assessment (ESIA) for our Brskovo Project provides us with a detailed understanding of the local environment, the potential impacts of our activities, and how these can be effectively mitigated. Our ESIA process is being managed by international consultancy Wardell Armstrong.
- Our ESIA forms the basis for our Environmental and Social Management System (ESMS), which supports us to operate in a sustainable manner that eliminates, minimizes or mitigates adverse impacts and maximises positive environmental and socio-economic impacts.
- We use international best-practice techniques and utilize advanced technologies in our operations to minimise environmental impacts.
- We will remediate environmental legacy issues from historical mining activities in the project area
- We will capture, contain, and recycle site rainwater for our use and we will treat any excess water discharged from our site, ensuring that only high quality water leaves the project area
- Our Integrated Waste Management Facilities have been designed using best international practices. Flotation tailings will be drained and stored in compartments inside solid waste rock, eliminating the need for a wet tailings storage dam as used in the historical mining activities
- We carry out ongoing environmental monitoring to allow for the identification of potential impacts from our operations and the implementation of appropriate mitigation actions. Our monitoring covers a range of environmental indicators including air, soil and water quality, biodiversity, dust, noise, vibration, and energy use.
- Our approach to environmental management is underpinned by our Environment Policy and in-house environmental expertise.
- We build strong relationships and maintain proactive, transparent and inclusive engagement with our host communities, key stakeholders, as well as with local, regional, and national government.
- We have a strong focus on developing skills and recruiting from the local region, and are committed to achieving more than 90% employment from Montenegro at the operation
- We utilize leading industry safety practices to develop our safety and health strategy, analyze hazards and minimize risks, and to develop our safety and health operating policies and procedures.
Among the most relevant environmental management issues for our business are:
- Water: we recognise the importance of water to the communities where we operate. We are committed to managing our water use in an efficient and sustainable way.
- Waste Management: we will manage waste responsibly using best practices, in conformance with national legislation and international guidelines
- Biodiversity: we strive to protect local biodiversity and to ensure the areas in which we operate remain a positive habitat for local species. Our aim is to achieve ‘no net loss’ of priority biodiversity features or critical habitat and, where possible, to contribute to a ‘net gain’ of biodiversity as a result of our activities.
- Climate change: we aim to minimise our contribution to greenhouse gases, including by ensuring efficient use of energy and resources.