Solidcore’s business conduct is underpinned by global best practices and the highest ethical standards. We demonstrated our commitment to these values by joining the Global Compact of the UN (Global Compact of the United Nations) in 2009. We pay specific attention to corruption preventing measures. The Group Companies not only avoid bribery, extortion and other forms of corruption, but also proactively develop policies and concrete programmes to address corruption internally and within their supply chains.
Solidcore Group and the Board of Directors of Solidcore Resources are committed to ensuring adherence to the highest legal and ethical standards. This must be reflected in every aspect of the way in which we operate. Bribery is a criminal offence in the countries in which the Group operates, and corrupt acts expose the Group and its employees to the risk of prosecution, fines and imprisonment, as well as endangering Solidcore’s reputation. Solidcore has adopted anti-bribery policies and procedures. Principles set out by these policies and procedures extend across all of Group’s business dealings, and in all countries and territories in which the Group operates and applies to employees of the Group as well as relevant business partners and other engaged individuals and entities. The Board attaches the utmost importance to this these policies and procedures and applies a “zero tolerance” approach to acts of bribery and corruption by any employees or by business partners working on our behalf and prohibits the payment, offer or authorisation of bribes, the receipt or acceptance of a bribe, and the payment, offer or promise to pay any facilitating payments. Severe disciplinary action will be taken towards violations of these principles.
As part of the implementation of internal procedures to comply with the UK Bribery Act, the Group has implemented a formalised Whistleblower Policy which describes processes in place for staff to communicate, in confidence, concerns about possible improprieties, unethical or illegal activities and ensures that arrangements are in place for independent investigation of such matters.
Contact details
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- Code of Conduct PDF (281.78 Kb)
- Supplier code of conduct PDF (182.36 Kb)
- Anti-Bribery and Corruption Policy PDF (198.52 Kb)
- Gifts and Entertainment Policy PDF (150.55 Kb)
- Policy on use of agents, representatives, intermediaries and contractors’ due diligence PDF (116.12 Kb)
- Political and Charitable Donations Policy PDF (120.39 Kb)
- Whistleblowing Policy PDF (226.02 Kb)
- Policy on Disciplinary Action for Violation of AntiBribery and Corruption Procedures PDF (155.47 Kb)
Solidcore is fully committed to being transparent about all payments. Company supports EITI in those countries of our operation which adhere to the EITI Standard (Kazakhstan).
Kazakhstan joined the Extractive Industries Transparency Initiative (EITI) in 2005 and in 2013 was granted “EITI Compliant” status. The Company’s mines and operations in this country (Kyzyl, Varvara, Komar) submit annual audited EITI reporting on a regular basis. For more information visit https://eiti.org
The Group conducts all business activities, including those related to mergers, acquisitions and disposals, in accordance with the highest ethical and legal standards set in a range of Group’s policies on Human Rights, Community Engagement, HSE, Environment and Code of Conduct that cover ESG risk management as well as environmental, governance, social and human rights issues. These policies have been approved by the Board of Directors and are regularly monitored by its Safety and Sustainability Committee
In March 2024, following shareholder approval and satisfaction of all other conditions precedent, Solidcore completed the divestment of the Group’s Russian business by way of disposal of 100 per cent of the JSC Polymetal share capital to JSC Mangazeya Plus. The Board, the Special Committee and the management team of the Group ensured that the sale of Russian business of the Group was carried out in a transparent and sanctions-compliant way and under the terms serves the interests of all stakeholders. For more details, please read our official release.