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Sustainability Report 2016

Sustainability Report 2016
The achievements motivate us to continue working as a world-class mining operation, safe, careful of the environment and catalyzing development.

Download Sustainability Report 2016

Important Issues:
-Social Management
-Enviromental Management


Letter from the President & CEO

Dear friends:

It is a pleasure to share with you our sixth Sustainability Report, for the year of 2014, we present the performance of our company in the economic, social and environmental aspects.

The year of 2014 has been difficult due to the instability in world metal prices. This has led to lower profitability, which is reflected in the mining royalties and income of the country. We have also gone through an internal situation that has become a challenge that has left us lessons. However, 2014 has been a period of success, thanks to the commitment of our people, who have allowed the above events are assumed as an opportunity for improvement.

During 2014, for the third consecutive year, our company has been prominent among the “Top 10 Companies with the best reputation in Peru” and for the second consecutive year among the “Top 10 Most Admired Companies Peru“, besides being considered in first place in the ranking of the mining sector . We have also been recognized as the first mining company to receive the National Quality Award, by the National Society of Industries. These distinctions do no more than acknowledge our leadership in the sector.

Antamina is renowned for its ability to innovate in the search for more sustainable solutions to the challenges ahead. In this task, we are not alone. The relationship and working together with our Strategic Partners are very important. Therefore, we implemented the program “Supplier Development Excellence” that promotes innovation and improving efficiency in our strategic partners. Through this program, we have made great improvements such as extending the average life of 20% of used tires haul trucks. This innovation is a clear example that, with minor improvements, we achieved a major positive impact on the three dimensions of sustainable development: economic, social and environmental. On the one hand, thanks to this innovation, we reduced our operating costs, thus environmentally positive externalities are generated, thus reducing the purchase of new tires, we eliminate the consumption of virgin material to develop a new tire. In addition, we have increased the income of small businesses in our neighboring communities, as this process of re-encauche is carried out through the services of a local company.

On the other hand, through a culture of innovation and continuous improvement of our processes, we continue increasing the ratio of process water recycling in our operations. In 2014, we reached 99.3%, one of the highest records in the industry. This becomes less use of natural water. Even, we must add that the supply of fresh water from our company comes in 100% of rainwater, which is collected in dams built by Antamina. Thanks to this, do not draw water from ponds and rivers, allowing us to maintain a relationship of trust with our local communities and encourages us to continue our improvement process with socio-environmental approach. Without a doubt, our strong commitment to social development has been fundamental to our growth as it has allowed us to have an important role in the communities where we operate and become a promoter of local development partner. The multi-stakeholder model, applied as a new strategy for Social Management from the period 2013, continues to consolidate through the achievement of strategic and high impact new works aimed at our Operational Area Influence alliances. Thanks to this approach, we have been able to mobilize US $ 79 million from the National, Local Government and International Cooperation with Antamina contribution of US$ 13 million.

Our company maintains a solid foundation of ethics and integrity, which is expected from everyone to do what is right in all situations. Our Code of Conduct and our Corporate Policies establish rules and behavioral expectations, which are widely communicated to our own employees as well as our strategic partners.

In the workplace, we strive to create a healthy and safe environment. Thus we maintain a culture of “zero” accidents,
the objectives have been met as posed at the beginning of 2014. It has also reduced the frequency and severity index. Our culture to prevent any accidents is based on constant training, and identification and control of critical risks under a policy that rejects the work in unsafe conditions, both our employees and strategic partners.

In Antamina, we promote wellness space where all our employees are treated with respect and with equal opportunities for personal and professional development. Thus, during 2014, thanks to the commitment of all, we have highlighted within the Top 10 Best Companies to Work For 2014 and in the Top 10 of the most attractive to work (general ranking) Companies, within which occupy the first place ranking in the mining sector.

The great challenge is to cope with stress and integrity any scenario to overcome the challenges of today and the future. I want  to thank the daily work of each of our employees, who have enabled us to become a leader not only in Peru but worldwide especially. We are proud of the company we Have Become, not only Because we are an exceptional team work, But Also Because we are a great family.

Abraham Chahuan
President and General Manager
Compañía Minera Antamina S.A.