The Framework, which aims to not only implement the globally recognised supply chain guidance of the OECD but also go further, forms part of the Group’s efforts to ensure sustainable cobalt production and comprises the following seven goals:

1. Compliance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals
2. Our cobalt is free of child labour
3. Our cobalt is traceable
4. Our cobalt does not come from artisanal and small-scale mining
5. We restore the environment
6. We collaborate to support sustainable community development
7. We support our industry towards more sustainable cobalt value chains

In the spirit of responsible cobalt production, transparency and impact, Metalkol RTR has pledged that its performance would be reported annually and third-party validation would be sought, which is precisely the milestone that has just been reached.

Commenting on the Performance Report, which was assured by independent auditors, PwC, Benedikt Sobotka, CEO of Eurasian Resources Group, said: “This represents a significant, positive development for Metalkol RTR as it continues to develop and perform according to the highest international standards. It is critical to us and our supply chain that we can assure the responsible production of cobalt for battery technologies and at the same time work with partners to create sustainable impacts locally.”

“This is reflected through our clean cobalt goals and partnerships that are especially important to us, from customers and end users to organisations including the Good Shepherd Sisters and Pact. Through a range of initiatives, we support the transition of children out of mining and champion sustainability and responsibility in the cobalt value chain.”
The Performance Report can be accessed through the following link: https://eurasianresources.lu/uploads/1/files/Metalkol%20Performance%20report.pdf