Responsible supply chain

We understand that geopolitical conflicts can pose significant challenges to our business.

MinRes manages and mitigates global supply chain risks through a combination of:

• assessing and monitoring supplier risk profiles including enhanced due diligence models for high-risk categories
• leveraging strong and effective relationships with our critical and key global suppliers
• remaining focused on continuing to develop our local supply base.

MinRes utilises a third-party platform enabling risk screening across all active suppliers and their shareholders for risks including sanctions, fraud, Securities and Exchange Commission violations, cyber crime, politically exposed persons, adverse media, environmental crimes and human rights.

MinRes considers the social, environmental and economic impacts of our procurement. We are committed to supporting and employing local Aboriginal People by engaging business partners and prioritising local procurement. We invest in building local capability, helping Aboriginal businesses and individuals achieve their aspirations.

Suppliers are expected to actively participate by prioritising employment and procurement opportunities with Aboriginal People and businesses.

MinRes encourages suppliers to take a precautionary approach towards environmental issues and seek ways to minimise the adverse environmental impacts of their operations, products and services.

Suppliers are expected to prioritise environmental responsibility, comply with all relevant laws and minimise their environmental impact.

We recognise that throughout our supply network, and most likely in the deeper layers of our supply chain, we could be exposed to human rights risks, including risks of modern slavery practices.

To prevent, detect and address human rights abuses, including modern slavery, we:

• identify parts of our business and supply chain where there are elevated exposures to the risk of potential human rights abuses
• conduct risk assessments and enhance due diligence as required in relation to human rights in our business and supply chains
• assess our effectiveness and continually improve our methods to prevent risks relating to human rights in our business and supply chains
• engage directly with suppliers about specific risks via supply chain questionnaires, social compliance audits and corrective action plans, working with them to provide further visibility into Tier 2 risks and beyond.