Hyosung TNC Corporation’s South America Supply Chain and Russia Supply Chain Certified Under the International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that Hyosung TNC Corporation’s South America Supply Chain and Russia Federation & CIS Supply Chain have been certified in full compliance under the International Cyanide Management Code (Cyanide Code). The Cyanide Code is a voluntary industry program focused on the safe and environmentally responsible management of cyanide by companies producing gold and/or silver and by companies manufacturing, warehousing, and transporting cyanide.

ICMI has received and accepted Detailed Audit Findings Reports prepared by an independent professional third-party auditor who evaluated Hyosung TNC’s South America Supply Chain and Russia Federation & CIS Supply Chain against ICMI’s Transport Verification Protocol and found both operations in full compliance with the Cyanide Code’s Transport Principles and Standards of Practice. The Summary Audit Report and Auditor Credentials Form for each supply chain are available on Hyosung TNC’s Transporter Signatory Page on the Cyanide Code website. The operations must be re-audited every three years to evaluate continuing compliance with the Cyanide Code.

The Cyanide Code was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee and is amongst the most established certification programs in the mining sector. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdiction in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process for operations using, producing, and transporting cyanide. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org. We invite you to read our 2021 Annual Report, which can be viewed here.

Date:
Monday, July 25, 2022