Support Fund
NBMCL Community Support Fund
New Brian Mining Company Limited’s $32 million Community Support Fund (CSF) was established in May 2020 in response to the COVID-19 pandemic and is scheduled to end in June 2022.
Since its inception it has supported approximately 67 initiatives ranging from immediate health assistance to livelihood restoration and economic recovery across Papua New Guinea.
During the period, We focused on close out of active initiatives as demand for new initiatives has reduced in conjunction with the evolving COVID-19 pandemic.
There are plans the establish a new fund that will be used to drive strategic social investments in support of the United Nations Sustainable Development Goals.
What the CSF initiative entails.
THE PRIORITIES OF THE FUND HAVE BEEN:
Containment and health assistance - While containing the virus is challenging, preparing for ongoing waves and outbreaks could be achieved with ongoing access to essential goods and medical services at a national and local level. This preparedness could also be applied to other compounded infectious diseases.
Livelihoods and recovery assistance - By providing direct economic benefits in New Brian’s immediate areas of operation, community resilience and socio-economic recovery would be rebuilt not only to the vulnerable and disadvantaged communities but also to the suppliers.
Medical support - Ongoing medical support and vaccine research would continue to help protect people and communities against the COVID-19 virus.
Economic and social impacts - The economic and social impact of the pandemic is profound and will continue to have long-term effects. Opportunities have emerged out of this adversity for NBMCL to strengthen partnerships across their areas of operation.
Partner Relationships -NBMCL has formed and built upon its implementation partnerships and relationships with host governments, communities, Indigenous and First Nations People to prioritize and deliver programs under the CSF.