ICMM

We support initiatives that improve our sustainability performance. Since May 2018, we have been a member of the International Council on Mining and Metals (ICMM), an institution that, through ten principles and nine position statements, supports the achievement of the United Nations Sustainable Development Goals.

The ICMM is a global organization founded in 2001 that brings together the world’s leading mining companies. Its objective is to promote the sustainable production of minerals and metals and enhance sustainable development in the mining industry.

The ICMM acts as a catalyst for best practices in mining and metallurgy, working to establish a safer and more sustainable industry.

As a responsible mining company, we reassert our commitment to aligning ourselves with the principles and position statements of the International Council on Mining and Metals (ICMM). We adopt and promote good practices aimed at protecting the environment and the wellbeing of the population, actively contributing to comprehensive development at the local, regional and national levels, under a social and environmental responsibility approach that strengthens trust and shared progress.

Within the framework of our alignment with the ICMM, the following activities were developed:

• Self-assessment and identification of gaps in tailings management.
• Publication on our website of the “Position Statement” document on the commitment to the principles, criteria and requirements of the Global Industry Standard on Tailings Management (GISTM).
• Analysis of possible scenarios of failure at the Wila Khara tailings deposit:
  1. Overtopping at the north berm.
  2. Loss of stability of the containment structures, due to a seismic event.
• See details at: ICMM – Documents and Publications
• Second-party audit on human rights issues, conducted at facilities of suppliers of critical reagents in Brazil and the United States.
• Human rights training for employees of contractors.
• Preliminary analysis of the Consolidated Mining Standards Initiative (CMSI), which responds to society’s growing demand for responsible mining practices.
• Continuation of technical studies to gather more hydrogeological information in the micro-basins where the plant and the tailings deposit are located, in order to assess the availability of groundwater to cover the demand of future projects.
• Training of the environmental team through IBNORCA in the calculation of greenhouse gas emissions (scopes 1, 2 and 3), strengthening the quality of internal and external carbon footprint reporting.
• Continuation of the conservation plan of the Andean quirquincho, an endangered wildlife species found in the area of influence of our operation.
• Update of the annual hydrological information report with data from the nine weather stations under the control of MSC.
• Drafting of the annual report on industrial water consumption in the concentration plant, considering the different sources of supply, as part of the general water balance reported monthly.

Our level of compliance is detailed below:

Regarding partially met performance expectations, we will implement the following improvements:

Principle 3: Reassess policies and practices to ensure respect for women’s rights and interests, mainstreaming the gender and diversity perspective.

Principle 6: Update the closure plan through participatory planning with key stakeholder groups in the definition of environmental rehabilitation measures in operational areas, focusing on the implementation of future environmental remediation and social mitigation measures, in line with the commitments and expectations regarding land restitution.

Plan environmental remediation and rehabilitation measures, based on updated technical studies and adjustments to the life-of-mine operating plan. This includes basic engineering designs and cost estimates, aligned with current legal requirements and contractual obligations taken on from the beginning of the project.

Drafts reports on water management optimization, related to governance, efficiency and sustainable use, as well as the relationship with stakeholders at the basin level.

Bring our tailings management activities in line with global standards, integrating aspects related to the organizational structure, competencies, roles, accountability, risk management approach and emergency preparedness.

Deploy specific initiatives regarding climate change, in line with the UN Sustainable Development Goals (Agenda 2030 and 2050), and our company’s management strategy.

Principle 7: Implement initiatives that integrate aspects concerning the structure, roles, accountability, operational criteria in the processes, research studies and sustainability projects, considering the new LOMP (Life of Mine Plan), which provides for an extension based on the results of the exploration program and the corresponding feasibility study.

Principle 8: Identify opportunities to improve the use of materials, and make better use of waste from industrial and service processes, minimizing negative impacts and maximizing environmental and economic benefits in all phases of the operation’s lifecycle.

Principle 9: Resume actions in the field of interinstitutional collaboration. For more information, please visit: www.icmm.com/en-gb/our-principles