SPM

SUSTAINABILITY

At SPM, our business strategy is firmly oriented towards sustainability. We fully recognize that responsible mining is the cornerstone of our long-term success.
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Compañía Minera Condestable Renews Commitment to Sustainability by Obtaining The Copper Mark Certification

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BUSINESS STRATEGY DRIVEN BY SUSTAINABLE DEVELOPMENT

Sustainability is the cross-cutting axis of our corporate strategy, guiding our operational and long-term decisions. Our commitment focuses on maximizing resource efficiency, driving innovation, mitigating environmental impacts, and strengthening transparent and trusting relationships with all our stakeholders. To that end, we actively work on energy efficiency, responsible water management, integrated waste management, as well as the design and redesign of infrastructure with environmental sustainability criteria.

Furthermore, we maintain a firm commitment to the sustainable development of the population in our areas of influence. Therefore, we support initiatives that enhance local capabilities, improve quality of life, and promote sustainable and inclusive development.

Our strategy aligns with the Sustainable Development Goals (SDGs), making concrete contributions to the following:

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ENVIRONMENT

We are dedicated to the care and protection of the environment. We measure and control the impacts of our activities to ensure a sustainable future for the communities living within the area of influence of our operations.

OUR ENVIRONMENTAL MANAGEMENT

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LAWS AND REGULATIONS

We comply with environmental laws and regulations.

LAWS AND REGULATIONS

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ISO 14001

We comply with ISO 14001 standards, maintaining an environmental management system.

ISO 14001

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ENVIRONMENTAL MANAGEMENT

We have an environmental management plan and a mine closure plan.

ENVIRONMENTAL MANAGEMENT

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ENVIRONMENTAL MONITORING

We continuously monitor water, air, soil quality, emissions, noise and biodiversity.

ENVIRONMENTAL MONITORING

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65

65% of the water processed at the plant is reused in Condestable's mineral recovery process.
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100

100% of the water used at Ariana's process plant will come from mine drainage; no surface water (lakes) will be used.

RENEWABLE ENERGY

We are the first mining company to operate 100% with renewable energy thanks to our agreement with Statkraft Peru, holding the international certification from AENOR, which authenticates the origin of the renewable energy used. In June 2020, SPM signed an agreement with Statkraft stating that all energy consumed comes from renewable sources (hydropower).

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100

Condestable is the first mine in Peru to use 100% renewable energy.

SOCIAL MANAGEMENT

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We promote sports among children in the community, in partnership with "Impactando Vidas".

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We continuously work to achieve respectful relationships within our area of influence.

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We contribute to improving the quality of life in our area of influence through the Mala Sostenible program.

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Committed to the sustainable development of our area of influence through continuous dialogue and shared value.

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OUR COMMUNITIES

SPM is dedicated to helping build healthy and vibrant communities in the areas where we operate. We contribute to organizations, institutions and initiatives that strengthen communities in both the direct and indirect areas of influence of our operations. We forge partnerships and contribute to sustainable development by focusing on four key categories: health, education, environment, and community.

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WASTE MANAGEMENT

We adopt a holistic approach to waste management, aligned with the principles of circular economy. Our main objective is to maximize resource efficiency, minimize waste generation, and promote its recovery through reuse, recycling and other forms of utilization.
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SAFETY & OCCUPATIONAL HEALTH

At Southern Peaks Mining, safety is a core value and an essential pillar of our organization's sustainability strategy. At SPM, our safety approach centers on people, recognizing that employees, contractors and leadership all play a significant role in achieving our safety objectives. Our safety culture is strengthened by the conscious commitment of everyone involved.

The implementation of the Occupational Health and Safety Management System, along with our “Zero is Possible” strategy, based on international standards, drives the creation of safe and healthy workplaces.

ZERO IS POSSIBLE Strategy
The “Zero is Possible” Strategy is built upon eight strategic pillars: Adaptive Leadership, Positive Safety, Critical Risk Management, Proactive Indicators, Emergency Response, Health & Hygiene, Operational Reflection and Analysis & Improvement.

Since its implementation in 2002, this strategy has achieved significant milestones through our corporate risk management model. This model aims to foster a preventive culture from the leadership down through the effective and efficient management of our critical controls and the proactive analysis of findings from our safety tools. This allows us to focus our supervisory efforts and consistently contribute to a reduction in our injury rates.

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TAILINGS MANAGEMENT

Tailings management is handled by our Mining Waste Management and Governance team. This team strictly complies with national regulatory requirements and aims to achieve the Global Industry Standard on Tailings Management (GISTM). The goal is to prevent extreme consequences for people and the environment resulting from possible catastrophic failures.

Compañía Minera Condestable has conducted a comprehensive assessment of key gaps and has established an Implementation Plan to comply with the Global Tailings Management Standard, following the guidelines and protocols of the International Council on Mining and Metals (ICMM). This is part of a responsible and compliant management of tailings storage facilities.