“$” US dollars
“AIM” The Alternative Investment Market of the London Stock Exchange
“ASX” The Australian Securities Exchange
“Biodiversitiy” The variability among living organisms from all sources, including land based and aquatic ecosystems and the ecosystems of which they are part
“CDI”: Chess Depositary Interests
“CIP” Community Investment Programme
“CO2” Carbon Dioxide
“DOS” Direct Ore Shipping
“EMS” Environmental Management System
“Equator Principles” The Equator Principles are a common set of principles agreed by the majority of the world’s leading ﬁnancial institutions that deﬁne basic environmental and social standards to be met when lending to major investment projects. Essentially, the Equator Principles commit ﬁnancial institutions to ensuring that projects to which they lend comply with IFC Performance Standards and EHS Guidelines
“ESIA” Environmental and Social Impact Assessment
“Ferronickel” A nickel rich iron alloy used in the manufacture of steel. The percentage of nickel varies from 35% – 45%, the balance being iron.
“Goethitic” An iron mineral with the chemical composition FeO(OH)
“Grade” The relative quantity or the percentage of ore mineral or metal content in an orebody.
“Heap Leaching” The construction of large heaps of crushed ore on an impermeable layer and the addition of agents such as sulphuric acid to dissolve the metal constituents
“HSEC” Health, safety, environment and community
“Hydrometallurgy” The treatment of ores, concentrates, and other metal bearing materials by wet processes, using the solution of some component, and its subsequent recovery from solution
“ICMM” International Council on Mining and Metals
“ICF” International Finance Corporation
“ISO14001” The International Standardisation Organisation’s standard for environmental management systems
“IUCN” The International Union for the Conservation of Nature and Natural Resources, also known as the “World Conservation Union”
“Indicated” That part of the mineral resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with reasonable confidence from exploration, sampling and testing information
“Inferred” That part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence from geological evidence and assumed continuity
“Laterites” Laterite is a surface formation in tropical areas which is enriched in iron and aluminium and develops by intensive and long lasting weathering of the underlying parent rock.
“Leach” To dissolve into a liquid phase, metals such as nickel, cobalt and iron using sulphuric acid as the leach medium
“Limonite” Hydrated oxides of iron with poor crystalline characteristics.
“Liquor” The liquid part of secretion or product of operation
“LTI” Lost Time Injury
“LTIFR” Lost Time Injury Frequence Rate (expressed as LTI*1,000,000/hours worked)
“Measured” That part of a mineral resource for which tonnage, densities, shape, physical characteristic, grade and mineral content can be estimated with a high level of confidence from exploration, sampling and testing information
“Metamorphosed” The action by which an existing rock is altered by mineralogical, chemical and structural adjustments in response to changes in temperature, pressure or shearing stress
“Mt” Million tonnes
“NGOs” Non-Governmental Organisations
“OHSAS18001” Occupational Health and Safety Assessment Series (speciﬁcations for occupational health and safety management systems)
“Oxidation” Combination or an element or compound with oxygen through a chemical reaction
“Oxide” A compound of oxygen with another element
“PPE” Personal Protective Equipment
“Probable” The economically mineable part of an Indicated mineral resource, which will include diluting materials and allowances for losses which may occur when the mineral is mined
“Proven” The economically mineable part of a Measured mineral resource, which will include diluting materials and allowances for losses which may occur when the mineral is mined
“Pyrometallurgy” The winning or refining of metals in which heat is used, as in roasting and smelting
“Red List” Refers to the IUCN Red List of Threatened Species
“STE” Sardes Nickel Madencilik A.ª.
“Sustainability / Sustainable” Sustainable development requires that environmental sustainable protection does not preclude economic development and that Development economic development must be ecologically viable now and in the long run. Common use of the term “sustainability” began with the 1987 publication of the Brundtland Report, which deﬁned sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”
“Tectonic” Relating or pertaining to the processes involved in movement of the plates that make up the Earth’s crust
“Universal Declaration on Human Rights” Declaration adopted by the United Nations General Assembly in December 1948. It consists of 30 articles outlining the human rights guaranteed to all people. The document is considered declaratory of customary international law and therefore binding on all states.
“Voluntary Principles on Security and Human Rights” A multi-stakeholder initiative (Business-NGO-Government) established in 2000 that introduced a set of principles to guide extractives companies in maintaining the safety and security of their operations within an operating framework that ensures respect for human rights and fundamental freedoms.