London, United Kingdom, 11 March 2020 – Nord Gold SE ("Nordgold" or the "Company"), the internationally diversified gold producer, is increasing funding of its Employee Development and Well-Being Programmes by over 17% to approximately US$9.9 million in the 2020 financial year from US$8.2 million in 2019.
The Nordgold Employee Development Programme (“the Programme”) incorporates the Company’s training and development initiatives in specific areas of knowledge or geographies. In 2019, the overall number of employees who participated in the Programme rose to 71% of Nordgold’s total 8,000-strong global workforce compared to 67% in 2018, mainly as a result of launch of new training courses for managerial and technical personnel and further advancement in application of online e-learning tools and platforms. Nordgold is targeting 70% in 2020, following this additional funding.
The Nordgold Employee Well-Being Programme aims to improve social and living conditions at the Company’s mines to ensure its employees benefit from a healthy, safe and secure workplace.
Key 2019 projects included renovation and floodlighting of a soccer field at Bissa-Bouly, acquisition of new warm jackets for Taparko employees, construction of a new sports center at Lefa, installation of a mobile dining facility and cable TV network in all dorms at Gross-Taborny and the renovation of sports facilities at Zun-Holba and Irokinda.
The Nordgold Employee Development Programme is more than an ambitious toolkit to accelerate the development of all our employees. It helps us maintain our competitive advantage, namely our people. The mining industry is a competitive sector and it is critical we attract, develop and retain the right talent. We continue to invest heavily in our teams and we believe it is this commitment to our people that has helped build our reputation as one of the best places to work, and a key driver in our ability to develop excellent projects like the Gross mine, our third greenfield development in last seven years. Our aim is to continue to be the choice for ambitious people, who want a long career in the mining sector with us and we will do all we can to help our employees achieve their personal goals. Yulia SklarHuman Resources Director of Nordgold
Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2018, Nordgold produced 907 thousand ounces of gold.
Nordgold operates 10 mines (5 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has several prospective projects in feasibility study and advanced exploration phases, as well as a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.
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