Tailings Storage Facilities Governance Committee Charter

The Board, via the Risk and Sustainability Committee has delegated responsibility to the Leadership Team to establish a committee to be known as the Tailings Storage Facilities (TSF) Governance Committee (Committee).

1. ROLE

The role of the Committee is to support the Leadership Team and Board Risk and Sustainability Committee to identify and monitor all material risks associated with tailings management arising from the Company’s activities.

The primary accountability of the Committee is to provide governance oversight on the Company’s Policies, Standards, and associated practices with respect to TSF management.

The primary responsibility of the Committee is to review the Company’s risk management controls, assurance processes and findings and to recommend any improvements with respect to TSF management and governance practices. It is not the responsibility of the Committee to plan or conduct any TSF risk management activities.

Key findings are to be communicated to the Leadership Team and the Board via the Risk and Sustainability Committee.

It is the responsibility of the Committee to maintain free and open communication with the Leadership Team, as appropriate.

2. MEMBERSHIP 

The Committee will comprise of at least 2 members of the Leadership Team with the Chief Operating Officer as a permanent member. As such, the Committee will comprise of the following members:

  •  A member of the Leadership team appointed by the Chief Executive Officer as Chair of the Committee
  •  Chief Operating Officer
  •  General Manager – Transformation & Effectiveness (T&E)
  •  Vice President – Sustainability

The Group Manager Environment, the Group Manager Processing and the T&E TSF Technical Lead are invited to attend and present to the Committee at its discretion.
The Committee may seek the counsel of an expert at any time and may do so in accordance with clause 6 of this Charter.

3. MEETINGS

The Committee should meet at least three times a year, however, additional meetings may be requested by any Committee Member.

A quorum for a Committee meeting is when at least 3 members are present.

Minutes of all meetings of the Committee are to be kept by the secretary nominated by the Chair for each meeting.

Members of the Leadership Team, functional leaders or technical personnel may be requested by the Chair of the Committee to provide required reports and presentations to the Committee and attend Committee meetings as requested.

4. ACCOUNTABILITIES AND RESPONSIBILITIES

4.1 Tailings storage management

The Committee will use all reasonable endeavours in:

  • Reviewing the processes in place which are designed so that there is compliance with all TSF related legal and regulatory requirements and the TSF Governance Framework approved by the Risk and Sustainability Committee
  • Verify the TSF material risks have been identified and assurance programmes are in place with actions being closed within agreed timeframes
  • Monitoring the adequacy of TSF related environment reporting systems for actual or potential breaches or incidents
  • Monitoring subsequent investigations and remedial actions

4.2 Legal and Regulatory Compliance

Without limiting its scope, the Committee will, in conjunction with the Leadership Team, use all reasonable endeavours so that the Company complies with:

  • All relevant statutory and regulatory obligations
  • All environmental licenses and permits relating to TSF management

5. reporting

  • The Committee is to report on its meetings to the Leadership Team and will provide the minutes of the Meeting to the Risk and Sustainability Committee for information
  • All significant recommendations of the Committee are to be referred to the Leadership Team for approval
  • The Committee is to review all material (L4 & L5 on the Group risk matrix) TSF issues or incidents as notified or otherwise advised by management at its next meeting and report on its findings and recommendations
  • The Chair, supported by the Vice President of Sustainability will provide an annual assurance statement to the Risk and Sustainability Committee on the combined status of all controls in place for the management of each TSF across the Company

6. ACCESS TO INFORMATION AND INDEPENDENT ADVICE

The Committee has the authority to seek any information it requires from any Group employee and all employees must comply with such requests.

7. COMMITTEE PERFORMANCE

To determine whether it is functioning effectively, the Committee shall:

  • Review this Charter annually
  • Undertake an evaluation of its performance at intervals considered appropriate by the Risk and Sustainability Committee.

Start typing and press enter to search

Scroll to Top

Disclaimer

Please note that you are now entering a website directly or indirectly maintained by a third party (the “External Site”) and that you do so at your own risk.

Evolution Mining LTD., (“EVN”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither EVN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against EVN and Virtua and further acknowledge and agree that in no event shall EVN or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if EVN and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, EVN may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess EVN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. EVN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.

Accept
Decline