Sustainability matters at PanAust

PanAust recognises that it has an important role to play in improving the lives of current and future generations.

PanAust recognises that sustainable business development is essential for our ongoing success. We strive to ensure that our activities are financially profitable, technically appropriate, environmentally sound and socially responsible.

Our sustainability policy

The Company’s Sustainability Policy clearly outlines the Company’s commitment to preserving and enhancing the environmental, social, technical and financial elements of the business.

International standards and independent audits

PanAust measures its sustainability performance against international standards and commissions independent audits based on the Equator Principles and the International Finance Corporation’s Policy on Social and Environmental Sustainability. PanAust uses an Enterprise Risk Management process to identify all key material risks and audits and/or reviews against those risks are carried out regularly.

PanAust is an associate member of the Minerals Council of Australia (MCA) and a signatory to its ‘Enduring Value – The Australian Minerals Industry Framework for Sustainable Development’. 

PanAust aligns with the intent of International Council on Mining and Metals principles on Climate Change Policy Design.

PanAust is a signatory to the International Cyanide Management Code which promotes the responsible use of cyanide in gold mining. The Ban Houayxai Gold-Silver Operation process plant was designed to be compliant with the Code.
Two PanAust workers smiling at the camera

International forums

PanAust regularly presents at international forums on its leading practice management of acid generating material (acid rock drainage [ARD]).

Each year, PanAust reports in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.

PanAust has received various international recognition for the way in which it conducts its business and manages its Operations. A full list and description and of awards and external recognition can be viewed here.

Mr Lei Feng

Non Executive Director

Mr Lei Feng has over 20 years of financial management experience in various sectors including printing, packaging, shipbuilding, grain trading, mining and finance.

Mr Feng began his career in 2004 as a Financial Accountant at C & C Joint Printing Co., (Guangdong) Ltd., after completing a Masters of Business Administration degree between 2002 and 2004 at Sun Yat-Sen University.

After five years, in 2009, Mr Feng was appointed as Financial and Executive Manager at Heshan Innopak Co., Ltd. Since 2013, Mr Feng has held senior financial positions with various Guangdong state-owned companies regulated under the State-owned Assets Supervision and Administration Commission.

In 2013, Mr Feng took up a new appointment as Financial Controller, at Guangxin Shipbuilding and Heavy Industry Co., Ltd and was appointed in 2016, as the Financial Controller with Donlink Group Co., Ltd.

In 2018, Mr Feng joined Guangdong Rising Holdings Group Co. Ltd., (GRHG) as the Deputy General Manager of the Finance Department and later in 2020 he was appointed as General Manager of Finance. In early 2022, Mr Feng took on his current position of General Manager of Guangdong Rising Investment Development Co., Ltd, with GRHG.

Mr Feng became a Non-executive Director of the PanAust Limited Board of Directors on 10 May 2022.