Environmental Policy
Reed Resources is aware of its responsibilities towards the environment and is committed to achieving a high level of environmental performance and ensuring that the integrity of the environment is maintained.
The Company also recognises that our performance is judged by the actions of our employees and contractors and will seek to promote environmentally responsible behaviour by ourselves and others who work on our team.
The Company will minimise our impact on the environment and communities and as a minimum, will ensure that our mining and exploration activities are conducted in compliance with all applicable environmental legislation, regulations and licenses. Over and above compliance we will minimise our impact on the environment and communities through:
- Integrating environmental, social and economic considerations into all activities, from project planning, exploration, construction, mining and processing to eventual closure of our operations;
- Identifying environmental risks associated with exploration and mining activities and developing appropriate controls and strategies to monitor and manage potential impacts;
- Developing and implementing effective work standards and procedures;
- Preventing pollution of water, land and air through application of appropriate engineering design to our operations and ensuring that operational activities are monitored and controlled to meet appropriate performance standards;
- Seeking continuous improvement in environmental performance, production processes, waste management and the use of resources;
- Promoting environmental awareness and responsibility by providing appropriate training programs and information on environmental management and stewardship for all employees and contractors;
- Ensuring that all contractors adhere to the Company's Environmental Policy and procedures;
- Implementing a system for incident reporting and reviewing to prevent reoccurrences;
- Rehabilitating disturbed areas to a safe, stable and non-polluting condition which is compatible with the surrounding environment;
- Communicating openly with stakeholders, government and shareholders about environmental matters and expectations, and contributing to the development of laws and regulations which may affect our business.
MT FINNERTY IRON ORE PROJECT
On 14 May 2007, Western Australia's Environmental Protection Agency (EPA) released EPA Bulletin 1256 advising on recommended measures to protect areas deemed to be of high conservation value in proposed extensions to the Mount Manning Nature Reserve, including that:
- an A Class Nature Reserve to include the highest priority conservation areas be established;
- the precautionary principle be applied in relation to proposals to offset loss of highly habitat specific Banded Iron Formation endemic species through translocation to other sites.
Importantly, the entire Mount Finnerty Project is outside the priority area recommended by the EPA to become an A Class Nature Reserve, and therefore the company expects to be able to continue its exploration of them in accordance with its normal practice of environmental compliance. Reed Resources has completed full fauna and flora surveys on its tenure, and the prospective tenements been endorsed for iron ore under section 111 of the Mining Act.
