Stakeholder Engagement

Approach

Kestrel endeavours to regularly engage with our stakeholders to ensure clear, consistent and open communications. This helps us understand aspects of our operations that matter to them so we can minimise any impacts and generate positive outcomes.

Kestrel Stakeholders

Kestrel’s stakeholders are broadly defined as any party that may be impacted by or have an impact on, our operations.

2022 Outcomes

At Kestrel we are committed to supporting local and traditional owner companies. When we engage the market, we ensure that any local or indigenous companies with known capability are included in our tender process and our preference is to buy local.

In 2022 Kestrel hosted a 2-day meet and greet with Traditional owners and a number of local vendors from Emerald. The aim of the sessions was to make sure our local vendors and traditional owners were aware of each other’s capabilities. The meetings were well received by all parties with engagements focussing on joint venture possibilities and labour placement services.

Kestrel continued its significant support of the local and regional economies by procuring stock, materials, services and equipment requirements from over 300 local and regional suppliers. Kestrel invested $128.4M into the Emerald and local business economy through buying local and a further $109.1M into the regional business economy (total $237.4M, an increase of $73.3M from 2021).

During 2022, the Kestrel mine celebrated 30 years of operations, both at home in Australia and with our customers overseas. As part of the celebrations we hosted a Family Open Day to showcase our operation to Kestrel’s family, friends and community, including a guided tour of Kestrel North and Kestrel South. Kestrel proudly contributed $82k directly to the community through the Community Grants initiative.

Forest restoration projects in South Korea were the key focus of the POSCO GEM Matching Fund investment for 2022. GEM stands for ‘Go the Extra Mile,’ symbolising POSCO’s and Kestrel’s joint investments in ESG programs in Australia and South Korea. In 2023 the fund will go towards projects within Australia with Kestrel planning to improve native Bluegrass biodiversity in central Queensland, via rehabilitation of areas previously impacted by agricultural activities.

2023 will once again see Kestrel play host to our near neighbours for the annual Neighbours Day. This occasion provides us a fantastic opportunity to engage with our community particularly our immediately adjacent landowners.

The Year Ahead

In 2023 we will continue to build upon our strong foundations within the community and commit to:

„ Continue to engage and connect with our community and stakeholders via newsletters, social media, networking, and community events.

„ Ongoing support of local and regional economies by buying local, where possible.

„ Continue to support the community through the community grants initiative and ongoing sponsorships.

„ Continue our relationship with International Legends of League, specifically focused on remote indigenous communities.

„ Grow and nurture the relationships we have with local primary and secondary schools.

„ Broaden involvement at the Central Queensland University (CQU) Careers Expo.

„ Continue hosting the Kestrel annual Neighbour Day.

„ Commence the implementation of the POSCO GEM Matching Fund for improving native Bluegrass biodiversity.

Each of these stakeholders have varying interests in Kestrel’s operations.

Stakeholder Interests

Neighbours & nearby sites

Financial & operations partners

Traditional owner applications

Western Kangoulu

Industry & Interest Groups

Customers

Stakeholder Interests

„ Environmental and social impacts Regulator & State Government

„ Operational and financial performance

„ ESG performance

„ Cultural heritage

„ Opportunities for employment, education and procurement

„ Investment in local Indigenous community

People & community service groups of Central Highlands

„ Legislative compliance

„ Taxes and royalties

„ Local community investment

„ Local employment and procurement

Local government CHRC „ Rates

„ Local employment and procurement

„ Local community investment

„ Coal/ Mining Industry reputation Lease land as active cattle farm AACo

„ Coal quality

„ Production reliability ensuring supply requirements

„ Competitive price

„ Environmental impacts