Osino Resources Twin Hills Gold Project near Karibib is on track to create about 1,000 permanent new jobs.
In its 2022 sustainability report, the Canadian company says that 92% of the employees are Namibian nationals and 38% are from communities around the Twin Hills Gold Project.
The company also says 22% are female employees in a male-dominated industry.
Osino Resources has attracted N$634m in foreign direct investment for the Namibian economy since its inception in 2017.
During 2022, Osino says, it spent N$124m procuring material and services from Namibian businesses.
The company says 79% (N$32m) of local procurement spent in Namibia was within 75km of Twin Hills.
Another N$27m was spent on wages, and N$3m was paid to the government as PAYE, training levy, workers’ compensation, and social security contribution.
Osino has completed the Twin Hills Gold Project’s environmental and social impact assessment (ESIA) to establish a baseline and identify potential impacts.
It has also completed an environmental and social management plan (ESMP) for the Twin Hills Gold Project to guide the management of current and future impacts.
The Pre-feasibility Study (PFS) was completed in 2022, the Definitive Feasibility Study (DFS) in July 2023, and the Environmental Clearance Certificate was awarded in November 2022.
Osino also supports several strategic socio-economic development initiatives in its immediate vicinity, including early childhood development of over 600 children in Karibib and Omaruru.
It has also contributed to developing low-cost, serviced plots and upgrading and installing basic sanitation infrastructure in an informal settlement in Karibib.
Local NGOs manage these projects in collaboration with town councils and the Twin Hills Trust and have already had a positive ripple effect on the local economy.
Osino Resources CEO Heye Daun says being a responsible corporate citizen is central to how to do business, and they are working towards ‘building value for all stakeholders’.
Daun says the release of the sustainability report underscores Osino’s goal of becoming another strong advocate for responsible gold mining in Namibia.
“This commitment draws inspiration from several global frameworks and guidelines, including the United Nations Sustainable Development Goals, the Mining Principles set forth by the International Council of Mining and Metals, the Reporting Standards of the Global Reporting Initiative and the Namibian Best Practice Guide to Mining,” he says.
