Translated version of this PSD: French
The EBRD is considering providing a long-term loan of up to EUR 28 million to Compagnie Miniere de Touissit ("CMT"), a mining company listed on the Casablanca stock exchange, to finance its mining operations at the Tighza mine, located in North East Morocco.
The Project supports a mine modernization plan with procedures and infrastructure upgrade, including the construction of a new shaft in the main vein of the Tighza mine and important improvements in health, safety and environment ("HSE") management at the mine. Such Project at completion will significantly improve the underground mining infrastructure, working conditions and increase productivity.
The Project is expected to have positive transition impact through:
(i) supporting private sector development in the Moroccan mining industry;
(ii) demonstration of successful implementation of HSE best international practices aligned with ISO 14001 and OHSAS 18001 standards
(iii) Promoting infrastructure upgrade to improve the company's production capacity and workers' working conditions
(iv) Launching a policy dialogue effort.
COMPAGNIE MINIÈRE DU TOUISSIT
COMPAGNIE MINIERE DE TOUISSIT S.A.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Category B (2014 Environmental and Social Policy). The Project involves the construction of shaft access to the Tighza mine to address constraints to physical access and improve ventilation and therefore working conditions and OHS issues in this underground deposit. Due diligence was carried out by an independent Environmental and Social Consultant who was accompanied by Bank staff during the site visit to the operational facilities in Morocco. The due diligence scope of works also included a review of available HSE documentation and interviews with key site management and operational staff.
The assessment considered the three extraction sites operated by CMT, namely Signal, Sidi Ahmed and Ighrem Aousser. The visit also reviewed the old ore processing plant which is no longer in use, the operational processing plant, the old tailings dam which was completely backfilled and covered with vegetation, the current operational dam; as well as the workshops; laboratory and other ancillary plants.
The results of the assessment indicated that the current operations are in compliance with relevant Moroccan legislation and that significant upgrades have been undertaken in the past 5 years. Part of the management commitment to improving HSE performance at the mine has been to introduce an independent benchmarking audit to international standards on a triennial basis. The results of these external assessments are being used by the Company to develop EHS risk management systems and strengthening the current EHS resources in line with international standards, although this is work in progress.
The assessment also highlighted areas where further improvements in capacity and procedures are required to bring the operations into compliance with the Bank’s policy requirements. In particular, issues around OHS require additional focus to bring the health and safety statistics to a sustained downward trend towards zero work accidents. The mitigation measures for the issues identified are summarised below and all have been included in a draft Environmental and Social Action Plan (ESAP) which is currently being negotiated with the client.
The ESAP includes the following actions:
Develop internal HSE management capability through the hire of an appropriately experienced manager who would report directly to the mine GM;
Complete the EHS assessments of the shaft construction as per the requirements of Moroccan legislation;
Document the EHS management systems that are in the process of being implemented at the mine and supplement these with management procedures and plans in line with international best practice;
Develop a contractor management plan to ensure that works completed by third parties are carried out to the standards required by the Company and the Bank;
Implement an Environmental and OHS monitoring programme in line with international best practice;
Develop a minewater monitoring programme to assess inputs to local surface water receptors and integrate this programme into the minewater management and community engagement management plans;
Complete a site wide OHS risk assessment to international standards to address issues identified during due diligence, including lifting equipment safety, machine safety, electrical safety, PPE and workplace conditions;
Review underground structural safety in the underground;
Develop a traffic management plan to minimize risks to staff and public;
- Develop a stakeholder engagement process in line with best international practice.
The ESAP shall be fully agreed with the Company prior to EBRD Board Review and the PSD shall be updated to reflect this agreement.
The Project will be monitored through regular site visits by the Bank staff and external consultants, as well as by the review of annual E&S reports completed by the Client.
Company Contact Information
(+212) 5 22 78 68 61
(+212) 5 22 78 68 71
Immeuble SIGMA, 5ème étage. Lotissement ALAFAK, lot N° 449-450. La Colline, Sidi Maarouf,
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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