In the workplace

PRACTICES

LABOUR RIGHTS

Kinross’ commitment to support employee representation and collective bargaining is manifest in our commitment as a participant in the UN Global Compact, and commitment to adhere to the ILO Core Labour Standards. In 2011, Kinross developed Supplier Conduct Guidelines articulating our expectations for supplier conduct with respect to labour standards in accordance with the principles of the UN Global Compact.

We uphold the principle of freedom of association, meaning our employees have the right to choose whether they want to belong to a union. At year-end 2011, 45% of our workforce was represented by a trade union or collective bargaining agreements. Employees at Paracatu, La Coipa, Maricunga, Chirano and Tasiast are unionized. The employees at FDN in Ecuador are represented by an employee association. Employees in Russia were non-unionized during 2011; however, an effort is underway to organize a union at Kupol. Kinross’ employees in the United States and Canada are non-unionized. 

In Chile, La Coipa’s two collective agreements were both successfully negotiated before expiration over the course of 2010 and 2011, and will extend until July 31, 2014. Maricunga has three collective agreements in place, two of which expire on February 28, 2014 (relating to operations employees) and one of which expires on December 31, 2012 (relating to supervisory employees). Paracatu, Brazil recently negotiated a collective agreement, which expires January 31, 2014. At Chirano, a collective agreement was successfully renegotiated in 2012. In 2012, the Company was in the process of negotiating its first collective agreement with unions at its Tasiast operation in Mauritania.

Kinross has not experienced restructurings and layoffs during the reporting period. Given the diversity of our operations, procedures regarding notice of change of operations are handled at each operation according to the applicable legal requirements in that jurisdiction.

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