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CORE VALUES

Zero Harm

to our people, to the local population, to the wider community and the environment

Integrity

undertaking all our business dealings and relationships with the utmost integrity

Respect

for our colleagues, for the people of Burundi and for our customers and stakeholders

Accountability

to be willing to take responsibility for all our actions

Transparency

to conduct all of our business dealings to the highest level of transparency

Courage

to be prepared to persevere when others would not

HEALTH AND SAFETY

Rainbow is committed to ensuring that all its staff, as well as contractors and other visitors to its sites, are kept healthy and safe from harm. The Company adopts a zero-harm policy.

Throughout the organisation, individuals are held responsible for their own and everyone else’s safety and wellbeing, while managers and supervisors are responsible for ensuring standards and that the relevant policies are always adhered to. The Safety, Health and Environment Committee (“SHEC”), a subcommittee of the Board of Directors (chaired by Shawn McCormick), is ultimately responsible for making sure appropriate policies are in place, and that those policies are being enacted.

We have an Operating Health and Safety (“OHS”) system in place and safety training is a priority for the Company to facilitate safer, more efficient and effective working practices. All staff and contractors are required to undergo an induction programme before commencing the activity. As well as induction, workers are required to hold routine “toolbox” meetings to discuss safety issues and are encouraged to consider risks of each activity for themselves. The principle of each individual taking responsibility for his/her own safety, as well as that of colleagues, is entrenched in the training process.

All staff are made aware of the potential risks not only to themselves and colleagues but also to local communities. Potential risks and risk awareness training includes task-specific hazard identification and risk assessment, continuous risk assessments, undertaken by the responsible supervisor prior to the start of any work in a specific work area, and standard operating procedures applicable to a specific task or work.

A number of illnesses have been identified as risks under the Company’s OHS system, including Covid-19, malaria, HIV/AIDS, and gastric infections. The OHS policies and guidelines provide guidance on how to reduce the risks from these and other illnesses.

In the event of illnesses and accidents, employees are offered medical and accident insurance which substantially covers the cost of medical care. In addition, supervisors have been provided with first aid training from a reputable international organisation.

2020 highlights

  • 0 Lost Time Injuries (LTI)
  • 1 million+ hours achieved without an LTI
  • Covid-19 protocols in place on-site
  • Portable water is made available at all sites

OUR COMMUNITIES

Rainbow is committed to the highest standards of Corporate Social Responsibility (“CSR”) and strives to ensure that the local community shares in the benefits of its Gakara Rare Earth Project in Burundi. The local community is our partner in this endeavour, and our progress to date would not have been possible without their continued support. As a result, our present CSR and community outreach initiatives are reflective of the value we place on this partnership

The Burundi mining industry is in its infancy, and so far, there has been strong support for the Gakara Project at both a local and governmental level. As the sector is in the early stages of growth, Rainbow can play a defining role in the development of the industry in Burundi and accordingly, is committed to continuing close liaison with workers and the local community to ensure the project is run for the benefit of all stakeholders.

For further information on our CSR activities, see our 2020 Annual Report.

Government payments

Rainbow is committed to full payment of its tax and fiscal obligations wherever it operates, as this supports the social licence to operate, and ensures a fair contribution to local economies. The table below sets out the key payments to the government, as direct taxes (such as land taxes, duties etc) as well as indirect taxes arising as a result of Rainbow’s activity (such as payroll taxes, withholding tax, and net VAT paid in the period).

ENVIRONMENT

Environmental management is a key element of Rainbow’s OHS system and is overseen by the SHEC.

The Company has conducted Environmental and Social Impact Studies at Gakara, which were submitted to the Government in 2015.

Our pilot processing plant at Gakara operates a simple gravity processing to deliver a high-grade concentrate with low levels of radioactivity suitable for export. This means that we are producing the “Greenest” rare earth concentrate in the world, using no reagents in our processing circuit to deliver one of the highest grades of rare earth concentrate in the world.

Phalaborwa is fully permitted with Environmental Impact Assessment completed. The planned re-processing of material at Phalaborwa carries significant environmental benefits, by redepositing clean, benign gypsum suitable for use in building and fertiliser industries.

NdPr – Powering the green revolution

Rainbow produces Neodymium and Praseodymium (“NdPr”), which are critical building blocks in supporting the green revolution. Used in permanent magnets for motors and turbines, these rare earth elements are fundamental to global decarbonisation.

Read more about rare earth elements here.