Transcript Document

Marlin Project
Montana Exploradora de Guatemala, S.A.
June 1, 2005
Marlin Project & Development
• San Miguel Ixtahuacán and Sipacapa
are two of the ten poorest
municipalities.
• 70,000, predominately indigenous
Mam & Sipacapense peoples.
• Annual migration to coast or Chiapas.
• Need for non-farm rural employment.
• What are the development options?
Permits & Licenses
• Exploration began in 1996.
• The Environmental Impact & Social
Study according to MARN (Ministry of
Environment) regulations.
• EIA&S contained consultation and review.
• Exploitation license - 2003.
• Compliant - ILO 169 & IFC safeguards.
• Social license is not a formal document.
Community Relations Group
• CRG employees from the
surrounding communities and San
Marcos.
• Liaison with neighboring
communities.
• Provide information about Marlin.
• Listen to the communities and
respond to questions and proposals.
Community Relations Group
Local Communities at Marlin
XEABAJ
CENTRO DE SALUD
COMUDES SIPACAPA
CONSEJO MUN SIPACAPA
Sharing Information
• 209 Community Visits to talk with
12,913 persons.
• 260 Visits to Marlin by 4,439
persons.
• 16 trips to the San Martin Mine in
Honduras by 202 persons.
[2003 through March/April 2005]
Montana Exploradora Values
• Low cost, efficient mining process
with international standards.
• Transparency.
• Corporate Responsibility.
• Environmental Stewardship.
• Sustainable Development.
Transparency
• Publicly released the 2004 Environmental
and Social Performance Annual
Monitoring Report (AMR) to the IFC on
the internet.
• All taxes & royalties publicly disclosed.
• Glamis Gold is traded on the Toronto and
New York stock exchanges and meets all
Canadian and U.S. disclosure
requirements.
Corporate Responsibility
• Working with CentraRSE, Guatemala
and BSR -Business for Social
Responsibility.
• Employee well-being and success.
• Respectful relationship with neighbors.
• Formulation of Standards and Code of
Ethics with CentraRSE and other
companies.
Environmental Stewardship
• Internationally approved Environmental
Impact and Social Study.
• Compliance with international and national
environmental standards.
• The MARN does a quarterly inspection.
• Internal and IFC audits.
• Support for environmental monitoring at
different levels: internal, international,
national and local.
Environment - Water
• 85% of the water is recycled from
tailings impoundment.
• 15% is make-up water from 1,000 foot
deep well.
• Community water sources not related
to Marlin well.
Environment - Cyanide
• The Marlin Project follows the
International Cyanide Code.
• Cyanide recycled in a two-part closed
circuit.
• INCO Cyanide destruction technology
before discharge to tailings.
Royalties, Taxes, & Expenditures
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$14 million+ over the mine’s life in royalties.
$54 million in income taxes starting 2008.
$ 6 million in property & social security taxes.
$4.8 million payroll in 2004;
84% goes to Guatemala residents.
• $33 million to Guatemalan companies (‘04).
• $500 million+ project expenditures in
Guatemala during the Marlin Project.
Meetings - Local Communities
EL TRIUNFO
CANOJ
CARRIZAL
SIPACAPA
SAN JOSÉ IXCANICHE
Community Projects
• Potable Water.
• Principal roads, bridges & community
roads.
• Social Infrastructure Projects
• 8 teachers 2004, 37 teachers in 2005.
• Adult literacy.
• 70 Student scholarships in 2004.
• Teaching materials.
• 2003 through March 2005 =
Q/. 5,922,473. (~ US $780,000)
San Marcos Projects
• Montana Exploradora intends to create
a $5 million trust fund.
• The use of the annual interest from the
trust fund will benefit the San Marcos
Department.
• The mechanisms for operation are
under discussion.
Stakeholders Process
• Montana is committed to a
community-centered, participatory
sustainable development plan.
• Montana plans to commit
resources to a sustainable
development plan contingent on
commitments by other
stakeholders.
Fundación Sierra Madre
• Non-Profit NGO.
• Created by Citizens Development Corps
(CDC) and Montana Exploradora, S.A.
• Works in San Miguel Ixtahuacán &
Sipacapa.
• $400,000 annually from Montana.
• FSM will receive Marlin Project lands.
Glamis Gold &
Montana
Exploradora
Citizens
Development Corps
Integrated Community
Development Program (ICDP)
APROSAMI
IFC (Grant)
FAFIDESS
Fundacion
Sierra Madre
Other NGOs
Project Concern
International
Economic Opportunity
& Micro-finance Agroforestry
INTECAP
(Guatemala government
training institute)
Health
Training
Municipal Strengthening
Working to Improve
• Increase information sharing
with neighboring communities.
• Additional information for
NGOs and other stakeholders
outside of area.
• Opportunities for Dialogue.
• Stakeholders Process.
Montana
Exploradora
Employees
Sierra Madre and Cuchamatanes
Dawn for a Bright Future