In 2016, Sustainability East Asia was contracted by the European Bank for Reconstruction and Development (EBRD) to conduct an independent environmental and social assessment of the Zasag Chandmani Project in Mongolia. The EBRD was considering providing finance to Zasag, a Mongolian incorporated company that owns the Chandmani Uul deposit in south east Mongolia, a polymetallic iron ore, copper, and gold deposit.

The objective of the E&S assessment was to identify and assess the potentially significant existing and future adverse environmental and social impacts associated with the Company’s current operations and the proposed Project, assess compliance with applicable laws and the EBRD Environmental and Social Policy and Performance Requirements, determine the measures needed to prevent or minimise and mitigate the adverse impacts, and identify potential environmental and social opportunities, including those that would improve the environmental and social sustainability of the Project and the associated current operations.

Sustainability’s local Mongolian team of environmental and social specialists undertook the site reconnaissance, and delivered the E&S Report and Environmental and Social Action Plan to the satisfaction of the EBRD.