IAMGOLD Corporation Annual Report 2010
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At IAMGOLD, conduct is governed by a single principle – Zero Harm. At the end of each day, we ask ourselves: Are we doing enough to protect our employees from harm? Are we doing enough to minimize our footprint on the environment? And are we doing enough to give back to our host communities? There is nothing we would like more than to look back at our health, safety and sustainability record and report Zero Harm.

Are we doing enough to protect our employees from harm?

Recently, IAMGOLD joined the Mining Safety Roundtable, an industry forum for the leaders who are most focused on safety. We have received accolades for our innovative programs to improve safety performance. Our Mind Body Achievement program, for example, has been a success in promoting safe behaviour in the workplace. After implementation last year at two construction projects, the results were excellent. Project teams building the expansion tanks at Rosebel and the mill expansion at Niobec completed construction without any injuries. I am also delighted to report that Mouska continued with its record safety performance, having gone almost 700 days without any compensable claims for on-the-job injuries as of the end of 2010.

Overall, our safety performance record in 2010 was not where we wanted it to be. Company-wide, there were 9% more injuries (total recordable incident rate) than in 2009. We deeply regret the deaths of an employee at our Niobec mine last year and an employee of a contractor at our Rosebel mine in 2011, and have extended support to their families. When tragedies occur, our focus is on understanding the cause behind the accident and sharing that knowledge with all our operations. And we step up our efforts to drive home the importance of ongoing vigilance and safe work practices. The cornerstone of a first-rate safety program is accident prevention through hazard management.

Are we doing enough to minimize our footprint on the environment?

As with safety, protecting our environment requires a concerted effort by everyone. We were proud of the effort made by employees at Westwood and Essakane last year to earn their ISO 14001 Environmental Management System certification. This is significant, as it provides them with a formal system for implementing strategies to reduce the negative impact of their operations on the environment.

This year we are excited about launching our new biodiversity strategy. This initiative will improve our ability to assess the impact of our operations on various ecosystems and help to focus our rehabilitation efforts. We look forward to reporting more about this to you as the year progresses.

Are we doing enough to give back to our host communities?

Our $465 million investment in developing and commissioning Essakane was the largest investment in the history of Burkina Faso. With that comes huge responsibility, which we take very seriously. We have developed strong relationships with our host community and have funded initiatives to improve its standard of living. In 2010, we completed the relocation of more than 13,000 people in accordance with the International Finance Corporation's (IFC) Social and Environmental Performance Standards. Part of the resettlement activities included the construction of a new school and the drilling of 38 functional wells in the villages to ensure an abundant supply of safe drinking water.

Our efforts have not gone unnoticed. In 2010, we received the Corporate Sustainability Award at Canada's Annual CSR Conference. This was in recognition of our Zero Harm vision and our strong partnerships with more than 28 community and non-governmental organizations in our host countries. Since beginning international activities more than 20 years ago, IAMGOLD has focused on the long term, minimizing any negative impact associated with its activities and sharing the financial benefits of success with our host communities.

Our goal this year remains unchanged – to achieve Zero Harm in all that we do. Thank you to all our employees for their tireless efforts to move us closer to making this a reality.



Ross Gallinger
Senior Vice President, Health,
Safety and Sustainability



Community Development Initiative – Improving Livelihoods

When we move into communities in our host countries we make an effort to give something back.
     
   
  Community Development Initiative – Improving Livelihoods  
   
 
When we move into communities in our host countries we make an effort to give something back. One of the ways we can do that is by bettering the lives of the people who live there. Some of our most successful initiatives are those in which our own employees have identifid an opportunity for us to partner with other interested groups in the community. Last year, acting on an idea from one of our local employees, we partnered with Kersten and the Caribbean Heavy Equipment Educational Center to develop an equipment training program and a technical school at our Rosebel operation in Suriname. Through this partnership, we are able to provide people in seven surrounding communities with the skills needed for a variety of careers, including jobs at Rosebel.



 

 
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Directors and Officers
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Management's Discussion and Analysis
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Excellence in Operations
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Excellence in Exploration
Excellence in Health, Safety, & Sustainability
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Excellence in Financial Management
President and CEO's Message
Questions & Answers with Stepehn Letwin
2010 Performance Scorecard
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