The International Cyanide Management Institute (ICMI) announced today that it has accepted the application of PT Indotan Halmahera Bangkit to become a signatory to 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 producing and transporting cyanide. PT Indotan Halmahera Bangkit’s subsidiary PT Nusa Halmahera Minerals operates the Gosowong Mine in Indonesia, which it acquired in 2020 from Newcrest Mining, which is also a signatory to the Cyanide Code. The Gosowong Mine has been certified in compliance with the Cyanide Code three times (2011, 2015 and 2019).
By becoming a signatory, PT Indotan Halmahera Bangkit, commits to follow the Cyanide Code's Principles and implement its Standards of Practice, and to have a verification audit of its Goswong operation conducted by qualified, independent third-party auditors by no later than April 16, 2022, and every three years thereafter. Operations are certified if found in compliance with the Cyanide Code, and may be de-certified if ICMI determines that they no longer comply with the 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 2019 Annual Report, which can be viewed here.
Thursday, May 27, 2021