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OceanaGold Response

Author: OceanaGold, Published on: 11 April 2016

…The El Dorado Foundation (“Foundation”) is a not-for-profit organization that was established in 2005 to deliver meaningful benefits to communities…in Cabanas… In the past, the Foundation solicited for multiple sources of funding however, Minerales Torogoz, a subsidiary of OceanaGold has been the sole financial supporter…In order to minimize overhead costs thereby maximize funding for community initiatives, the Foundation shares office space with the Company. While the Company is focused on sustainable resource development, building and maintaining collaborative relationships with stakeholders surrounding the proposed project and educating on the responsible resource extraction, the Foundation’s prime purpose is to work with communities and deliver programs in partnerships with local agencies and other not-for-profit organizations supporting capacity development; education and skills training; health awareness; and support for infrastructure. The Foundation does not engage in any resource development activities…

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This is a response from the following companies: OceanaGold