Third-Party Mine Operators

Select ESG Highlights

Partner: Vale S.A.Asset: Salobo

Country:

Brazil

Select External Commitments & Memberships:

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

Vale Sustainability Report 2019

Website external

Environmental

  • In 2018 and 2019, Vale updated its sustainability goals for the coming years, in line with the Sustainable Development Goals (SDGs) of the United Nations Agenda 2030.
  • Vale to invest at least US $2 billion to reduce the company's carbon emissions by 33% by 2030.
  • In 2019, the company reviewed its climate goals, aiming to become a carbon neutral mining company by 2050.
  • By 2025 Vale has committed to achieving self-sufficiency in electricity in Brazil and by 2030 all its operations will be 100% supplied by renewable electricity.

Social

  • The Vale Foundation reached approximately 770,000 people in 2019 through its social projects in 68 municipalities from six Brazilian states.
  • Vale sponsors projects in the cultural and technical institutional areas. These initiatives take place in several Brazilian states and include musical composition, material and immaterial heritage preservation, traditional festivities, scientific research, technical events and environmental preservation initiatives.
  • Vale has been providing water to rural properties and residences that depended on collecting water directly from the Paraopeba River or underground water (wells and cisterns located up to 100 metres from the Paraopeba River bank). By December 2019, more than 500 million litres of water had been distributed for human, animal and agricultural use.
  • 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 KPIs integrates the variable remuneration of all Vale employees and impacts all hierarchical levels, up to the CEO.
  • In 2019, the Anti-Corruption Policy, the Risk Management Policy and the Human Rights Policy were updated.
  • In December 2019, Vale launched the ESG internet portal to increase the transparency of its actions in the areas of Environment, Social and Governance (ESG) areas.
  • In 2019, training in human rights became mandatory for all Vale leaders, and it is expected to be mandatory for all company employees in 2021.
  • Training in Human Rights for 2,250 employees, totaling 5,363 hours. Since 2016, around 27,000 professionals have been trained in human rights policy and procedures.

Partner: Glencore via Compañía Minera Antamina S.A.Asset: Antamina

Country:

Peru

Select External Commitments & Memberships:

  • Global Reporting Initiative
  • National Society of Mining, Oil and Energy (SNMPE)
  • Peru 2021 Patronage Association
  • Extractive Industries Transparency Initiative (EITI)

Sustainability Report 2018

Website external

Environmental

  • During 2018, improved the recycling of their waste by 40%.
  • 2018’s biodiversity monitoring results record that there are no affectation patterns attributable to the single Antamina operation.
  • Antamina has improved their waste management and maximized water reuse above 99% in their concentrator plant.
  • Antamina has held a policy of saving energy and fossil fuel consumption since 2014, achieved through a more efficient use of energy during peak production hours, the reduction of haulage haul distances, the use – since 2015- of better quality fuel etc.
  • Carry out Environmental Effects Monitoring to evaluate the communities of aquatic organisms in both marine and continental waters adjacent to operations. 

Social

  • According to the 2020 Social Responsibility and Corporate Governance ranking of the prestigious company Monitor Empresarial de Reputación Corporativa (MERCO), Antamina was ranked first in the mining sector and among the 50 best companies for the seventh consecutive year.
  • The Ministry of Education awarded the distinction "Allies for Education 2017"to Antamina, which recognizes the work carried out in medium and long-term actions, that contribute to educational quality.
  • Wheaton continues to partner with Antamina on the Enseña Peru program focused on improving children’s literacy and math levels.
  • During 2018 the company placed emphasis on staff training, which took place for a total of 6,791 hours. This contributed to the occurrence of only one recordable accident.
  • Received the Good Practices certification from the UN Development Program, for multi-stakeholder participatory monitoring among Antamina, the Evaluation Agency and Environmental Control (OEFA) to enhance transparency in social-environmental management.

Governance

  • Trained staff and active management in the use of ethical line, a communication channel managed by an independent third party, to solve possible violations to the company's Code of Conduct.
  • The company currently has four unions. The Sutracomasa is the first one created in the company and is the majority union, with whom Antamina has signed five collective agreements, thus achieving important goals, based on dialogue, without stoppages or strikes.
  • Antamina has solid technical-environmental standards that are framed in an Environmental Management System (EMS) based on international standards. It is made up of the ISO 4001 environmental certification and the OHSAS 18001 standard, which allows the control of occupational risks that affect the safety and health of employees.

Partner: Newmont Asset: 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 (GRI)
  • Extractive Industries Transparency Initiative (EITI)
  • Free, Prior and Informed Consent (FPIC) Solutions Dialogue
  • Partnering Against Corruption Initiative (PACI)
  • World Gold Council
  • Carbon Disclosure Project

Beyond the Mine 2019 Sustainability Report

Website external

Environmental

  • Peñasquito operation and the San Juan de Cedros community entered into a 30-year water agreement that includes water wells/infrastructure and supplements previous investments in water projects aimed at enhancing the water availability for the mine's 25 neighboring communities.
  • The Peñasquito operation is evaluating a large-scale (greater than 100 MW) solar deployment.
  • As of the end of 2019, Newmont has reduced their GHG emissions intensity by 13.7 percent compared to their 2013 baseline, which is approximately 83 percent of their public target to reduce GHG emissions intensity by 16.5 percent (compared to 2013) by 2020. The adjusted 2013 baseline excludes assets divested on or before December 31, 2019.
  • For 2019, Newmont earned a "B" in CDP's Climate Change assessment, reflecting the Company's coordinated action on climate issues, and a "B" in CDP's Water Security assessment.

Social

  • Peñasquito operation partnered with an independent non-profit to develop a monitoring committee with four local communities (Enrique Estrada, Tecolotes, Tables and Matamoros) and conduct a participatory water quality monitoring program that engages residents who have knowledge of the local natural resources.
  • Penasquito’s Ideas con Valor (Ideas with Value) entrepreneurship program has allowed 194 small businesses to develop since it began in 2016. In 2019, the program supported the opening of 65 new businesses within the communities near the mine.
  • A focus for 2020 is implementing a business-wide fatigue risk reduction program and establishing an enterprise-wide physical and mental wellbeing framework. The framework will aim to support those in need, prevent ill health and promote improved health outcomes for the Newmont workforce and the communities in which it operates.

Governance

  • Introduced Newmont’s Code of Conduct, provided custom online training on company Code and key policies and standards, and followed up with several face-to-face training sessions on relevant topics including a tailored program for former Goldcorp sites.
  • As part of the Supplier Risk Management program, the ethics and compliance team collaborated with supply chain organization to identify vendors, whose work might pose a higher corruption risk, to ensure contracting requirements for bidding, contracting and vendor lifecycle management were met.
  • In early 2020, Newmont updated their global People Policy, which states their commitments to employees and those with whom they work. The updated policy expanded the specific attributes that are protected from discrimination to include gender identity and expression.

Partner: Hudbay Minerals Asset: Constancia

Country:

Peru

Select External Commitments & Memberships:

  • Global Reporting Initiative (GRI)
  • Extractive Industries Transparency Initiative (EITI)
  • Voluntary Principles on Security and Human Rights (VPSHR)
  • Carbon Disclosure Project (CDP)
  • IFC Performance Standards

2019 Annual and Sustainability Report

Website external

Environmental

  • In 2019, Constancia conducted extensive progressive reclamation work in a 13-hectare area known as the Esperanza Quarry.
  • Constancia is on track to maintain its level A rating across all indicators in TSM's Energy and GHG Emissions Management protocol.
  • During the “Week of the Environment” celebration at Constancia in June, employees participated in various activities including a cleaning campaign on the Chilloroya River, and the Civil Works area was awarded with the best environmental performance.
  • Constancia’s annual biodiversity management plan includes several objectives that aim to achieve the broader goal of no net loss of biodiversity because of mining activities. All plan objectives were achieved in 2019.

Social

  • Spent $8.1 million on community investments and charitable donations.
  • Since 2015, has supported the North-South Exchange Program – an example of international co-operation that develops the capacity of rural communities in Peru so that they lead their own change.
  • Constancia expanded its Behaviour-Based Safety (BBS) program, which the site introduced in 2018. BBS is a proven process aimed at reducing injuries through observations and positive feedback that reinforces safe behaviours. During the year, all plant and mine personnel were trained as BBS observers, and nearly 13,000 BBS behavioural observations were recorded during the year.
  • Commitment to the communities near Constancia operation includes identifying and providing local employment and procurement opportunities. Nearly 20% of the economically active population of the nearby communities (mainly from Uchucarco and Chilloroya) works at Constancia, and their combined monthly earnings of around $204,000 significantly contribute to the local economy.

Governance

  • At their Constancia site, Hudbay follows the Performance Standards on Environmental and Social Sustainability of the International Finance Corporation (IFC), the largest global development institution focused exclusively on the private sector in developing countries.
  • The Labour Relations Committee – which includes representatives from both the Company and the union – held 11 meetings during the year to review issues and work together on improving processes, resulting in the new Health and Safety Committee.
  • Each operation must maintain ISO 14001 certification (for environmental management systems) and OHSAS 18001 (for health and safety management systems). New sites are expected to achieve certification within two years of the start of commercial operations or acquisition by Hudbay.

Partner: Sibanye-StillwaterAsset: Stillwater Mines

Country:

USA

Select External Commitments & Memberships:

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

Integrated Annual Report 2019

Website external

Environmental

  • Carbon emissions reduced by 26.4%, from the 2010 base-year to end of 2019 for the Group.
  • Good Neighbors Agreement (GNA), an innovative framework for protecting the natural environment while encouraging responsible economic development.
  • Sibanye-Stillwater is one of only 179 companies globally and the only company from South Africa to achieve an ‘A’ rating for climate change disclosure in 2019.

Social

  • Community Giving Team donated US $398,567 to local organisations near US PGM operations.
  • Community Giving Team to expand its role as company ambassador by adding an employee Volunteer of the Year Award and a community service project.
  • Donated US$50,000 in scholarships and US$400,000 in charitable contributions, focusing on rural emergency and health services, STEM education, community improvement activities and environmental stewardship every year.
  • Qualified for inclusion in the Bloomberg 2020 Gender-Equality Index (GEI).
  • The Community Giving Team also partnered with Wheaton Precious Metals, to provide funds to a local high school environmental club that is installing a solar array at its premises.

Governance

  • 18% of board membership consists of women.
  • Formal employee engagement structures are in place at all operations – from shaft and operational levels to those at the management level.
  • US $333,000 was spent on training and development at US operations.

Additional Partner Resources

Partner Assets Reports & Websites
Alexco Resource Keno Hill Alexco Website
Barrick Gold Pascua Lama 2019 Sustainability Report Barrick Website
Eldorado Gold Stratoni 2019 Sustainability Report Eldorado Gold Website
Equinox Gold Los Filos Equinox Gold Website
First Majestic San Dimas 2019 Sustainability Report First Majestic Website
Glencore Antamina, Yauliyacu 2019 Glencore Sustainability Report 2018 Antamina Sustainability Report Glencore Website
Gold X Mining Toroparu Gold X Mining Website
Hudbay Constancia, 777, Rosemont 2019 Annual and Sustainability Report Hudbay Website
Kutcho Copper Kutcho Kutcho Copper Website
Lundin Mining Zinkgruvan, Neves-Corvo 2019 Sustainability Report Lundin Website
Newmont Peñasquito 2019 Sustainability Report Newmont Website
Pan American Silver Navidad (Loma de La Plata) 2019 Sustainability Report Pan American Website
Panoro Minerals Cotabambas Panoro Website
Sibanye-Stillwater Stillwater Integrated Annual Report 219 Sibanye-Stillwater Website
Vale Salobo, Sudbury, Voisey’s Bay Sustainability Report 2019 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 November 10, 2020.