Note:
All financial amounts expressed
throughout this report are in US dollars.

Safety First

Safety indicators

At Resolution Copper, we use a mix of what are known as "leading" and "lagging" indicators to measure overall safety effectiveness and performance. Lagging indicators can be thought of as after-the-fact measures of safety performance, such as recordable incident rates, lost-time accidents, first-aid treatment rates, etc. Lagging indicators are the "rear-view mirror" measures of an organization's safety record. On the other hand, leading indicators are the precursors that may "lead" to an accident or injury. Examples of leading indicators used at Resolution Copper include:

• Contacts/observations/audits/inspections/interactions actually conducted versus planned
• Implementing injury risk control standards
• Implementing action plans that result from Health Safety and Environmental Quality audit findings
• Number of near misses reported
• Percentage of hazards rectified

Leading indicators help organizations to see the potential for injury before it occurs, while lagging indicators provide solid metrics regarding safety consequences. By using both leading and lagging indicators, Resolution Copper employees and working teams can look at both sides of the coin to avert injury or loss, improve safety conditions and reach and maintain our goal of zero injuries.

Safety incident reporting

Few things in life are more important than applying lessons learned to improve future behavior. We carefully track and analyze safety incidents, then apply corrective action to ensure that the underlying cause for the incident does not reoccur in a similar or more serious fashion. Consequently, we encourage the reporting of near-miss and significant incidents. By analyzing reported near-miss and incident data, we generate the following alerts across the company:

• Incident Alerts - issued when a trend of similar incidents, whether internal or external to RCM, is identified.
• Zero Barrier Incident Alerts - issued after a close call event where all preventive barriers were breached. It is critical to learn from these events and to apply that knowledge toward future safety standards and behavior in order to eliminate injuries and fatalities.

Each alert is communicated to all RCM employees and contractors. We provide a summary of the events(s) and knowledge gained. The alerts also contain links to other related information and provide a catalyst for safety talks to foster greater safety awareness across our organization.