Fortress Minerals Corp. is a sponsor of the Lundin Group of Companies philanthropic arm Lundin for Africa (LFA). Lundin for Africa (LFA) supports participatory grassroots initiatives that encourage sustainable community development and primarily focus on these four areas:
To date, they have approved 23 projects in nine countries. Please see the Lundin for Africa website for further information.
Fortress' goal is to be a leader in the discovery, acquisition and development of mineral resources in Russia and other parts of the world. The Company is dedicated to the belief that these activities must be carried out with the concept of sustainable development in mind.
Accordingly the Company will, in all operations, develop and apply work practices that meet and exceed the highest requirements for health, safety, environmental protection and all other aspects of sustainable development.
Health and safety are paramount in the Company and are at the top of the Company's agenda at all times. The ultimate goal of the Company is that no one be harmed in any way at any of Fortress' operations. A comprehensive and systematic improvement program is ongoing, encompassing education and training, risk management and development of technical facilities, organisation and work practices.
The Company is committed to using modern technology, well established and well communicated work practices, and skilled and responsible employees to meet two goals:
Fortress' Board has adopted a mandate that acknowledges its stewardship responsibilities. The Board's principal responsibilities are to supervise and evaluate management, to oversee the conduct of the Company's business, to set policies appropriate for the business of the Company and to approve corporate strategies and goals. The Board is to carry out its mandate in a manner consistent with the fundamental objective of enhancing shareholder value.
In discharging its stewardship over the Company, the Board expressly undertakes the following specific duties and responsibilities: (i) approving, supervising and providing guidance to management on the Company's strategic planning process; (ii) identifying the principal risks of the Company's business and ensuring management's implementation and assessment of appropriate risk management systems; (iii) ensuring that the Company has highly qualified management and adequate and effective succession plans for senior management; (iv) overseeing the Company's communications policy with its shareholders and with the public generally; (v) assessing directly and through its Audit Committee, the integrity of the Company's internal control and management information systems; and (vi) providing for the independent functioning of the Board.
The Board has put structures in place to ensure effective communication between the Company, its shareholders and the public. The Company has established an investor relations and corporate development procedure where shareholder concerns are dealt with on an individual basis, usually by providing requested information. Significant shareholder concerns are brought to the attention of management or the Board. Shareholders are informed of developments in the Company by the issuance of timely press releases which are concurrently posted to the Company's website. Under its mandate, the Board is required to oversee the Company's communications policy. The Board monitors the policies and procedures that are in place to provide for effective communication by the Company with its shareholders and with the public generally, including effective means to enable shareholders to communicate with senior management and the Board. The Board also monitors the policies and procedures that are in place to ensure a strong, cohesive, sustained and positive image of the Company with shareholders, governments and the public generally.
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