As I look at the progress of the Watermark Project, I am extremely proud of what we have achieved and even more excited about the outlook for the Project. We have successfully transitioned from a company relatively unknown in Australia to being a respected local business in the region.
The Company has successfully undertaken a significant exploration program, developed a feasibility study and obtained both Development Approval from the NSW Government and Environmental Approval from the Australian Government.
In doing the above we have engaged, both directly and indirectly, more than 500 people on the Watermark Project. We have, and will to continue into the future, to use local businesses and local service providers where possible. In the future we will continue to look to our local community for employees and services with a commitment to employ and train locally where possible. Our recent school-based traineeship program is one example of Shenhua Watermark seeking to do this.
The China Energy Group is committed to improving the social, environmental and economic capital of our stakeholders and the communities we work in. We have demonstrated this through sourcing employees from the local community, contributing to the local economy and providing funding for education, health services, Indigenous support and the development of community amenities in the local region.
In 2009 Shenhua established the Watermark Community Fund, committing $1m per annum for five years. The fund supported Projects that developed the region’s economy, enhanced and maintained the local environment, improved important local facilities and developed and promoted local training and employment. The Community Fund saw a total of 50 Projects in the Gunnedah, Liverpool Plains and Tamworth regions completed that provided many benefits to these communities.
Shenhua Watermark is committed to the communities in which we work, and our philosophy of being a socially responsible mining company is well integrated into our operations and is engrained at all levels of our business.
Thank you for your interest in Shenhua, and we look forward to continuing to share our journey and future progress with you.
Shenhua Australia Holdings Pty Limited
Shenhua Watermark Coal Pty Limited