Partners

Printer Version

Third-Party Mine Operators

Wheaton’s streaming agreements are held with third-party mine operators who are some of the largest and well-known producers in the world. The majority of our partners with producing assets publish annual sustainability reports outlining their sustainability and ESG related targets and progress.

Below, we have provided highlights from the sustainability reports and websites from select partner mine operators1. In addition, we have provided links to all of our partners’ respective websites where the reports and further information can be accessed. Wheaton is proud to partner with mine operators who are committed to responsible mining through their participation in voluntary and transparent reporting initiatives.

Select ESG Highlights

Partner: Vale S.A.<span>Asset: Salobo</span>
Partner: Glencore <span>Asset: Antamina</span>
Partner: Newmont Goldcorp<span>Asset: Peñasquito </span>
Partner: Hudbay Minerals <span>Asset: Constancia </span>
Partner: Sibanye-Stillwater<span>Asset: Stillwater Mines</span>

Partner: Vale S.A.Asset: Salobo

Country:

Brazil

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • Extractive Industries Transparency Initiative
  • International Council on Mining and Metals
  • Carbon Disclosure Project
  • Extractive Industries Transparency Initiative (EITI)

Vale Sustainability Report 2018

Website external

Environmental

  • In 2018, Vale contributed US$576.4 million in social-environmental expenditures. Environmental resources were mainly applied to managing atmospheric emissions, water resources and waste.
  • In 2018, Vale updated its sustainability goals in line with the Sustainable Development Goals; the goals prioritize three themes: Greenhouse Gas Emissions (GHGs), recovery of degraded areas and water resources.

Social

  • In 2019, Vale voluntarily withdrew from the UN Global Compact in an effort to totally focus on making reparations to those affected by the rupture of Dam I of the Córrego do Feijão Mine and to remediating the environment.
  • In 2018, the Vale Foundation invested US$13.4 million in sociocultural programs and spaces.
  • Wheaton continued to work with the Vale Foundation to support various programs focused on education, health, employment and income generation including support for Knowledge Stations.
  • In 2018, there were no record or signs of risk in the company or value chain involving forced or child labour; Vale maintains a policy of not hiring under the age of 18.
  • The Talent Has No Gender project increased women’s participation in large equipment operation jobs in Minas Gerais and Pará operating units.

Governance

  • The Sustainability Committee underwent a restructuring process in February 2018 to strengthen the company’s License to Operate.
  • 3 out of 13 board members are women (23%).
  • Sustainability KPIs are part of the variable remuneration of all Vale employees and impact all hierarchical levels, including the CEO.
  • Global Anti-Corruption Program is one of Vale’s tools to prevent and fight against corruption of public agents
  • Over 6,300 employees were trained in anti-corruption policies or procedures in 2018.
back to top

Partner: Glencore Asset: Antamina

Country:

Peru

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • United Nations Global Compact
  • Carbon Disclosure Project
  • Extractive Industries Transparency Initiative (EITI)

Sustainability Report 2017

Website external

Environmental

  • Energy saving initiative generated an energy savings of 15,396.6 MWh during 2017 with respect to the base line year of 2015
  • Antamina is one of the most efficient mining companies in terms of water consumption with the Processing Plant recycling over 99% of the water that it needs from the tailings dam.
  • Results from hydrobiological monitoring tests indicate that operations hav not generated any relevant effects on the diversity of species in the environmental settings.
  • Comprehensive and sustainable waste management programs present at operations.
  • During 2017, the Second Update to the Antamina Closure Plan was prepared and later approved in January 2018; Antamina seeks apply best practices in the mining industry and aim at leaving a positive legacy for the sustainable

Social

  • Committed to a multi-actor approach for local development including improvements to education, health, and economic opportunities.
  • The Ministry of Education granted the “Allies for Education 2017” distinction to Antamina, which recognizes the work carried out in medium and long-term actions, that contribute to improved educative quality.
  • Wheaton continues to partner with Antamina on the Enseña Perú program focused on improving children’s literacy and math levels.
  • 92% of purchases were made domestically
  • Antamina formally ensures that minors are not hired to work at any of their operations. There has been no identification of any significant or minor risk associated with child exploitation; in July 2016, the 2Personnel system was implemented to control personnel access to operational sites, preventing minors from entering.

Governance

  • In 2017, Antamina conducted 19 face-to-face training sessions regarding their anticorruption system with over 165 staff members participating as well as 100% staff participation in the E-Learning Program
  • Operations are certified in accordance with Environmental Management System ISO 14001 and Safety Management and Occupational Health certi-fication OHSAS 18001
back to top

Partner: Newmont GoldcorpAsset: Peñasquito

Country:

Mexico

Select External Commitments & Memberships:

  • United Nations Global Compact
  • Voluntary Principles on Security and Human Rights (VPSHR)
  • International Council on Mining & Metals (ICMM)
  • Global Reporting Initiative
  • Extractive Industries Transparency Initiative
  • Free, Prior and Informed Consent (FPIC) Solutions Dialogue
  • Partnering Against Corruption Initiative (PACI)
  • World Gold Council
  • Carbon Disclosure Project

Goldcorp 2017 Sustainability Report

Beyond the Mine 2018 Social & Environmental Performance Report

Website external

(please note Goldcorp did not release a 2018 Sustainability report before combining with Newmont to form Newmont Goldcorp; as such Peñasquito specific updates are limited for 2018)

Environmental

  • EcoTails project is currently completing the pre-feasibility research phase with test work underway at Peñasquito, allowing for a better way to manage waste and benefit biodiversity
  • 100% of power was sourced from an efficient, combined-cycle natural gas power plant, saving approximately 100,000 tonnes of CO2e during 2017
  • Over 86 hectares have been assigned to the preservation and management of the Miquihuan White-tailed Deer at Peñasquito
  • In 2020, Newmont Goldcorp will commence reporting to the Task Force on Climate-related Financial Disclosures recommendations for year-end 2019.

Social

  • New local employment strategies deployed to promote economic growth and offer more opportunities to residents living closest to the Peñasquito mine
  • Peñasquito implemented their multi-year educational initiative aimed at benefitting local elementary and secondary school children
  • Positive third-party assessment of Peñasquito’s compliance against the Voluntary Principles framework
  • Peñasquito funded the construction of “La Plaza” community square, a recreation space for the benefit and enjoyment of the community.
  • Newmont Goldcorp is committed to advancing the UN Sustainable

Governance

  • Sustainability Excellence Management System (SEMS) Framework and Standards provides the framework for sustainability management and specific performance standards to facilitate the implementation of policies consistently across the company
  • Newmont Goldcorp does not operate mines in areas classified by the Heidelberg Conflict Barometer as “conflict-affected or high-risk” and is in conformance with the criteria established by the WGC’s Conflict-Free Gold Standard.
  • Newmont Goldcorp was named the mining sector leader in the Dow Jones Sustainability World Index (DJSI) Industry Group Leader Report.
  • Newmont Goldcorp is a founding member of the Partnering Against Corruption Initiative (PACI), a cross-industry collaborative effort to implement a global anticorruption agenda.

back to top

Partner: Hudbay Minerals Asset: Constancia

Country:

Peru

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • Extractive Industries Transparency Initiative
  • Voluntary Principles on Security and Human Rights
  • Carbon Disclosure Project
  • IFC Performance Standards

2018 Annual and CSR Report

Website external

Environmental

  • In 2018, Constancia recycled 2,815 kilograms of plastic bottles and donated them to the award-winning “Ponchila” project.
  • Constancia’s surface and groundwater consumption was 30% and 72% less, respectively, than the amount authorized by the licences that govern the site’s water use.
  • The biodiversity management plan for Constancia aims for no net loss of biodiversity as a result of mining activities.
  • Achieved 100% of the objectives laid out in the 2018 Biodiversity Action Plan for Constancia.

Social

  • Since 2012, Hudbay has reached more than 90 agreements with the local governments and communities near Constancia.
  • Constancia received AAA rating in annual Towards Sustainable Mining self assessment of Aboriginal and community outreach, safety and health, and biodiversity conservation management.
  • Constancia undertook a new initiative during the year, the Behaviour-Based Safety (BBS) program, to reduce injuries and safety incidents and help create a stronger safety culture. At the end of 2018, more than 350 individuals in mine operations and the processing plant had received BBS observer training.
  • In 2018, Hudbay launched the Agricultural Development Program (PDA) with Wheaton to promote agricultural entrepreneurships in Chumbivilcas.

Governance

  • Hudbay was the only base metal miner in the top 100 – in The Globe and Mail’s 2018 Board Games Corporate Governance Ranking.
  • Hudbay ranked in the top 20% for overall governance quality as per Institutional Shareholder Services (ISS).
  • Operating sites are required to maintain certification under the internationally accepted ISO 14001 (environmental) and OHSAS 18001 (health and safety) standards.
back to top

Partner: Sibanye-StillwaterAsset: Stillwater Mines

Country:

USA

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • International Council on Mining & Metals (ICMM)
  • United Nations Global Compact
  • World Gold Council

Integrated Annual Report 2018

Website external

Environmental

  • Group Scope 1 and 2 carbon emissions declined by 14% from 2017 to 2018.
  • Achieved an A- CDP score for the second consecutive year.
  • Good Neighbours Agreement (GNA), an innovative framework for protecting the natural environment while encouraging responsible economic development

Social

  • Sibanye-Stillwater’s operations have subscribed to the World Gold Council’s Conflict Free Gold Standard and Responsible Gold Mining Principles (RGMPs).
  • Sibanye-Stillwater is the largest industrial employer in Montana with over 1,600 employees and a total annual payroll of over US$170 million.
  • Created a Community Giving Team that highlights Sibanye-Stillwater’s aim to support communities directly adjacent to the mines and processing facilities.
  • In 2018, the Community Giving Team supported over 100 organisations, including a US$25,000 donation to the Forests in Focus initiative, which addresses forest health and wildland fire risk across Montana.
  • Stillwater mines has a long history of environmental and social collaboration with local communities and interest groups that is rooted in the Good Neighbours Agreement

Governance

  • Sibanye-Stillwater adopted the Mining Charter 2018 gender target of 20% female representation at Board level as the organisation’s gender policy
  • Adopting the Mining Charter 2018 diversity target of 50% at Board level as the organisation’s race policy
  • Strong, ethical corporate governance, based on the principles of accountability, transparency, competence, responsibility, fairness and integrity
back to top

Additional Partner Resources

Partner Assets Reports & Websites
Alexco Resource Keno Hill Alexco Website
Barrick Gold Pascua Lama 2018 Sustainability Report Summary Barrick Website
Eldorado Gold Stratoni 2018 Year in Review Eldorado Gold Website
First Majestic San Dimas First Majestic Website
Glencore Antamina, Yauliyacu 2018 Sustainability Report 2017 Sustainability Report Glencore Website
Gold X Mining Toroparu Gold X Mining Website
Hudbay Constancia, 777, Rosemont 2018 Annual and CSR Report
Kutcho Copper Kutcho Kutcho Copper Website
Leagold Los Filos Leagold Website
Lundin Mining Zinkgruvan, Neves-Corvo 2018 Sustainability Report
Newmont Goldcorp Peñasquito 2018 Social and Environmental Performance Report 2017 Sustainability Report (Goldcorp) Newmont Goldcorp Website
Pan American Silver Navidad (Loma de La Plata) 2018 Sustainability Report Pan American Website
Panoro Minerals Cotabambas Panoro Website
Sibanye-Stillwater Stillwater Integrated Annual Report 2018 Sibanye-Stillwater Website
Vale Salobo, Sudbury, Voisey’s Bay Sustainability Report 2018 Vale Website

1. This information is based on the public disclosure of the Third‐Party Operator and has not been independently verified by Wheaton Precious Metals. For full details on Third-Party Operators, including the risks associated with their operations, please refer to Third-Party Operator public disclosure documents. Please note this page was updated October 15, 2019.





Powered By Q4 Inc. 5.44.0.2 (opens in new window)