SUSTAINABILITY REPORT - Antamina · Sustainability Report - 2014 9 Antamina S.A Mining Company Peru January 1st, 2014 through December 31st, 2014 Anual 2013 811 Employees 2014 operators

1Sustainability Report - 2014

REPORTSUSTAINABILITY

2014

2 Sustainability Report - 2014

Antamina S.A Mining Company G4-3www.antamina.com

Lima Office - Av. El Derby 055, Torre I, Piso 8 – Santiago de Surco Huaraz Office - Calle Celso Bambarén 1065 Plazuela BelénSan Marcos Office - Plaza de Armas s/n G4-5

Corporate Communication Management - [email protected] G4-31

Technical Assistance on the report elaboration, Design and layout www.estrategiaconsultores.com


2014

REPORTSUSTAINABILITY


TABLE OF CONTENTS


• President Letter• Company Profile• Our Company • Economic Performance• Strategic Framework• Our Stakeholders• Associations we belong to• Our Vision• Our Mission• Our Values

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1233446788

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Our 2014 Sustainability Report 102GRI Index 105Exhibits 108

1. Organizational structure2. Directory3. Directory Committees 4. Risk Management5. Ethics and Integrity6. Ethic Hotline7. Fight against corruption8. Our Integrated Management System9.Health, Safety, Environmental, Community Relations and Human Rights Policy

1. Environmental Management System1.1. Use of Materials1.2. Energy Consumption 1.3. Renewable Energy1.4. Water Consumption1.5. Biodiversity in the Influence Area 1.6. Emissions1.7. Wastewater Management1.8. Waste Management1.9. Closure Plan

1. Our People1.1. Collaborators Payroll data 1.2. Compensations1.3. Industrial Relations 1.4. Social Benefits1.5. Health and Safety1.6. Training and Education

2. Suppliers Management3. Human Rights

3.1. Human Rights Training3.2. Claims Process

4. Local Development Management4.1. Operational Influence Area4.2. Projects under the multi-stakeholder Model4.3. Social Initiatives

CORPORATE GOVERNANCE

SOCIAL DIMENSION

ENVIRONMENTAL DIMENSION


PRESIDENT LETTER

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

1 PricewaterhouseCoopers ( PwC) study and the magazine G de Gestión2 Arellano Marketing and Laborum study

G4-1


“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.

Sincerely,

Abraham Chahuan Presiden and General ManagerAntamina S.A. Mining Company

3 MERCO study 4 Arellano Marketing and Laborum study


COMPANY PROFILE

We support: G4-15 • Global Pact since 2004• Extractive Industries Transparency Initiatives (EITI) since 2007


Antamina S.A Mining Company

Peru

January 1st, 2014 through December 31st, 2014

Anual

2013

811 Employees 2014 operators

201 operations

US$2,427,749,485

US$ 1,079,802,227 US$ 4,052,956,675

Mineral concentrates production and marketing: copper, zinc, molybdenum, silver, lead/bismuth.

RAL Cayman Inc.Noranda Antamina Ltd.Teck Base Metals Ltd.Mitsubishi Corporation

BHP Billiton 33.75Glencore 33.75Teck 22.50Mitsubishi Corporation 10.00

SHAREHOLDER

LIABILITIES:

REPRESENTATIVE

CAPITAL:

%

NAME OF THE ORGANIZATION

COUNTRY WHERE OPERATES

SHAREHOLDER COMPOSITION

MAIN PRODUCTS

PERIOD COVERED BY THE REPORT

REPORT PRESENTATION CYCLE

PREVIOUS REPORT

NUMBER OF COLLABORATORS IN 2014

NUMBER OF OPERATIONS IN 2014

NET SALES

CAPITALIZATION

G4-4 G4-6 G4-7 G4-9 G4-10 G4-28 G4-29 G4-30


ISO90001:2008

OHSAS18001:2007

ISO14001:2004

ISO90001:2008

OHSAS18001:2007

ISO14001:2004

ISO90001:2008

OHSAS18001:2007

ISO14001:2004


99,3%

proviene


OURCOMPANY

304 km long pipeline to the port of embarkation located on the coast of Huarmey, called Puerto Punta Lobitos. • Molybdenum ( Mo), Silver (Ag ) and Lead ( Pb ) concentrates are packaged in sealed bags and trucked from the mine to the port of Callao in Lima.

Antamina is committed to delivering concentrates according to the conditions of quality and timing of contractual deliveries. However, as the new phase of the mine are explored, the mineralogical conformation changes. This becomes a challenge for handling qualities, where the Commercial and Traffic Management play a very important role in order to meet quality requirements and scheduling shipments in conjunction with the Port and Mine staff.

Since the beginning of Antamina production in 2001, we managed to ship all produced concentrates without environmental or safety incidents, and without interruptions or fines for breach of regulations regarding the supply of our products.

For the production of copper and zinc concentrates, the main direct customers, since January 2014, are its own shareholders who send the material to high end refineries and smelters abroad, to countries like China, Germany, Bulgaria, Chile and Japan. The company has a long-term contract with its four shareholders (Glencore International AG, BHP Billiton Marketing AG, Teck Metals and Mitsubishi Corporation RtM) and is committed to deliver the material produced equally in quantity and quality to each of them, and according to its stake in Antamina.

“Antamina” or “copper mine” is derived from the Quechua word “anta” meaning copper. Ancient Peruvians already knew the properties of this mineral that was extracted like any other metal. By 1860, the Italian-Peruvian scholar Antonio Raimondi visited the Antamina deposit in the province of Huari, after which he documented his properties in his masterpiece “Peru”. The site was forgotten for decades. It was not until 1952 when Antamina joined the exploration portfolio of Cerro de Pasco Mining Company mining projects.

Our company initiated its comercial operations in Yanacancha on May 2001. Infraestructure and mining facilities are located in the central Andes of Peru on the eastern flank of the Cordillera Blanca, 482 Km to the Northeast of Lima city in the Province of Huari, San Marcos District, Ancash Region, located at 4,300 – 4,760 meters above sea level.

Mining is the first stage in a vast supply chain that transform the earth ‘s mineral resources into products that meet the vital needs of society, our company is part of this large chain. The control of the supply chain focuses on activities where we can have the greatest power of influence, ie our own operations, contractors, local suppliers, up to the process in which mineral concentrates are shipped and marketed.

Antamina’s Operational Unit is called Yanacancha. It is an open pit mine, dedicated to extraction, transport, crushing, grinding and concentrate of copper ore, zinc, silver, lead and molybdenum. We have a crusher and a concentrator for ore processing plant. Furthermore, in Yanacancha, maintenance activities, engineering and other support activities are performed.

Concentrates produced in the mine are transported in two systems according to the final product: • Copper (Cu) and Zinc (Zn) concentrates are sent through a

G4-12 G4-8


OPERATIONAL UNIT

Yanacancha located in: Antamina Gorge, San Marcos

District.

Es�mated life�me up to 2029.Total reserves are over 745

million metric tons

CRUSHER AND CONCENTRATOR PLANT

Our concentrator plant is considered one of the largest automa�on that exists in the

world. It is equipped with technology that allows

processing ore mined from the pit.

It measures 304 km and goes from the mine to

the port Punta Lobitos. It allows transpor�ng

minerals to the Huarmey port safely and

efficiently, facilita�ng its shipment and export.

Located in the Huincush Gorge at 4,075 meters above sea level. Its huge size (it could store up to

1,100 million tons of tailings) and structural design ensures a

good environmental management.

TAILINGS DAM

Located in the Huincush Gorge at 4,075 meters above sea level. Its huge size (it could

store up to 1,100 million tons of tailings) and structural

design ensures a good environmental management.

MINE

GROUND TRANSPORTATION

PIPELINEPUNTA

LOBITOS PORT

CALLAO PORT

copper

zinc

molybdenum

Silver

lead

EXPORT

G4-12


EXPLORATION AND PERFORATION.Through high-tech drilling, rock samples are obtained; they are analyzed in the laboratory to corroborate their metal content.

1

MINED.Once the presences of minerals are located, mining and blasting are performed, allowing the land fragmentation so it can be worked more easily.

2

LOADING AND HAULING.Fragmented rocks are transported to the primary crusher 3

CONCENTRATOR.Where we obtain mineral concentrates through three steps

5

FILTERED.The product comes with 65% solid through the pipeline. After �ltering, a 9.5% of moisture remains, which guarantees a high quality product.

7

PIPELINE.Work of high technology and an automatic monitoring system by optical �ber to transport copper and zinc concentrates.

6

SHIPMENT.The concentrates are deposited inthe warehouses of large ships through a modern charging system that ensuresthe safety of the process. Our minerals are marketed worldwide.

8

We have accomplished more than 1,000 shipments without incidents

Process step by step

C O N V E Y O R B E L T

P I P E L I N E

304 km the pipeline runs from the mine to reach the Punta Lobitos port

4 Stationsof valve control the pressure and speed of concentrates and speed of concentrates

PRIMARY CRUSHER.In this process the size of the large blocks is reduced to one not bigger than a helmet

4

T A I L I N G S D A M

Our products

Copper ZincMolybdenum Sylver Lead

of the water used comes from rain

100%of the water used in the concentrate plant is recycled from the tailings dam.

99.3%of environmental compliance in our discharges towards thereceiving waters, Ayash and Pampa Moruna Gorge.

100%

PIPELINE DIAMETER

Similar to the size of asoccer ball

We don’t compete for water

25cm

e rgger

Antamina is located in the San Marcos District, Huari Province, Ancash Region, at an average height of 4,300 meters above sea level.

Mining in the heights

A Huaraz

R ío Santa

Lag. Conococha

Chiquián

Huarmey

Port

PuntaLobitos

ANTAMINA

Pativilca

Huanzala

Yanacancha

San Marcos

Machac

Parque Nac.Huascarán

Panamericana

LIMA

ÁNCASH

MIN

ERODUCTO

Paci�c Ocean 30 km

Info

graf

ía: m

agia

peru

.pe

STACKING

MILLING

The ore is accumulated in piles for processing

By large capacity mills, the size of the ore is reduced

FLOTATIONBy physical or chemical process, valuable metals are recovered

The water obtained from the �ltering process is treated and reused for irrigation at the Huarmey Forest, which has 177 hectares, houses more than 200 thousand trees and more than 50 species of animal life.

HUARMEY FOREST

Antamina is a polymetallic complex where copper, zinc, silver, lead and molybdenum are obtained. All our processes are guaranteed with the highest quality standards in health, safety and environment. We have the international environmental certi�cation ISO 14001. We work with the latest technology, responsibility and committed to contribute to the development of the country, especially in Ancash.

processProductive

We meet thehighest standards of quality


EXPLORATION AND PERFORATION.Through high-tech drilling, rock samples are obtained; they are analyzed in the laboratory to corroborate their metal content.

1

MINED.Once the presences of minerals are located, mining and blasting are performed, allowing the land fragmentation so it can be worked more easily.

2

LOADING AND HAULING.Fragmented rocks are transported to the primary crusher 3

CONCENTRATOR.Where we obtain mineral concentrates through three steps

5

FILTERED.The product comes with 65% solid through the pipeline. After �ltering, a 9.5% of moisture remains, which guarantees a high quality product.

7

PIPELINE.Work of high technology and an automatic monitoring system by optical �ber to transport copper and zinc concentrates.

6

SHIPMENT.The concentrates are deposited inthe warehouses of large ships through a modern charging system that ensuresthe safety of the process. Our minerals are marketed worldwide.

8

We have accomplished more than 1,000 shipments without incidents

Process step by step

C O N V E Y O R B E L T

P I P E L I N E

304 km the pipeline runs from the mine to reach the Punta Lobitos port

4 Stationsof valve control the pressure and speed of concentrates and speed of concentrates

PRIMARY CRUSHER.In this process the size of the large blocks is reduced to one not bigger than a helmet

4

T A I L I N G S D A M

Our products

Copper ZincMolybdenum Sylver Lead

of the water used comes from rain

100%of the water used in the concentrate plant is recycled from the tailings dam.

99.3%of environmental compliance in our discharges towards thereceiving waters, Ayash and Pampa Moruna Gorge.

100%

PIPELINE DIAMETER

Similar to the size of asoccer ball

We don’t compete for water

25cm

e rgger

Antamina is located in the San Marcos District, Huari Province, Ancash Region, at an average height of 4,300 meters above sea level.

Mining in the heights

A Huaraz

R ío Santa

Lag. Conococha

Chiquián

Huarmey

Port

PuntaLobitos

ANTAMINA

Pativilca

Huanzala

Yanacancha

San Marcos

Machac

Parque Nac.Huascarán

Panamericana

LIMA

ÁNCASH

MIN

ERODUCTO

Paci�c Ocean 30 km

Info

graf

ía: m

agia

peru

.pe

STACKING

MILLING

The ore is accumulated in piles for processing

By large capacity mills, the size of the ore is reduced

FLOTATIONBy physical or chemical process, valuable metals are recovered

The water obtained from the �ltering process is treated and reused for irrigation at the Huarmey Forest, which has 177 hectares, houses more than 200 thousand trees and more than 50 species of animal life.

HUARMEY FOREST

Antamina is a polymetallic complex where copper, zinc, silver, lead and molybdenum are obtained. All our processes are guaranteed with the highest quality standards in health, safety and environment. We have the international environmental certi�cation ISO 14001. We work with the latest technology, responsibility and committed to contribute to the development of the country, especially in Ancash.

processProductive

We meet thehighest standards of quality


77.88% 6.22% 4.27% 3.28% 2.03% 1.92% 1.91% 1.87% 0.43% 0.27% 0.02% 100%

China

Germany

Bulgary

ChileJapan

Finland

PeruSp

ain

South Korea

Australia

Belgium

PRODUCTS SALES US$

Cu

Zn

Mo

Pb

Ag

Total Net Sales

1,896,429,477

257,050,262

47,150,507

18,336,106

208,783,133

2,427,749,485

China77.88%

South Korea0.43%

Japan2.03%

Finland1.92%

Germany6.22%

Belgium0.22%

Australia0.27%

Chile3.18%

Bulgary4.27%

Sapain1.87%

Peru1.91%

Customers per origin

Customers per origin

Products

G4-4 G4-9 G4-12


NET INCOME

DIRECT ECONOMIC VALUE CREATION (IN MILLIIONS OF DOLLARS)

Net Sales + Income from financing investments + Assets Sales

TOTAL INCOME

2,436.62

2,436.62

OPERATIONS COSTS

GOVERNMENT

COMMUNITY

DISTRIBUTED ECONOMIC VALUE (IN MILLIONS OF DOLLARS)

-95.54

-610.84

-0.74

-129.31

-16.36

Administra�ve expenses + Non strategic investments + Royalty payments + deprecia�on and amor�sa�on + land purchase + other

Suppliers

Payment for land use agreement (not including land purchase)*

Payroll

Social benefits

Taxes

Investment in social programs

Other

-390.77

-19.49

-1,015

COLLABORATORS

TOTAL EXPENSES -2,278.04

ECONOMIC VALUE RETAINED (EVR) 158.58

* Does not include land purchase

ECONOMIC PERFORMANCE

ECONOMIC PERFORMANCE5

5 Based on Antamina S.A. Mining Company Financial Statements

G4-17 G4-EC1


STRATEGIC FRAMEWORK G4.56 In developing our strategic plan, we have identified pillars supporting the whole strategy of our company: our resources, people development, health and safety, sustainable development, operational excellence and business development. These pillars support the value creation and reputation of Antamina and its stakeholders.

We want to convey that we are part of a “Virtuous Circle” which allows us to better leverage our tangible and intangible resources to create value responsibly.

Reputation is our greatest asset, if we lose it, we lose opportunities. The reputation built with our people and our processes, feeds the whole strategy.

G4-56


Opera�onal Excellence

Business Development

We implement con�nuous

improvement processes to op�mize the

produc�vity of the company keeping compe��ve costs

We select andimplement the best

projects adding value offered in business

cases

We complythe planned

Metallic Processing

Peruvian example of mining excellence

Our Reputation

Human Resources, Minerals, Assets, Supply Network, Informa�on Technologies, Knowledge, etc.

Our Resources

Tangible and intangible

Value creation

Our value proposition and di�erentiation

Maximizing value with posi�ve results for all stakeholders

Our strategic processes

We have achieved a high degree of efficiency, showing con�nuous sustainable improvement,

with worldwide recogni�on

Our social and environmental responsibility

Effec�ve ar�cula�on of resources to the people of our strategic area of influence, promo�ng

sustainable development. We proac�vely assume the Industrial Health and Safety, protec�ng

people and property.

Our PeopleAchieve outstanding results in all areas with

the commitment, par�cipa�on and leadership of our people

We manageresources and

reserves to maximize Antamina’s value

We have a mo�vatedand competent team,

aligned to the culture of Antamina

People Development

“Forjando Antamina”: Cons�tu�ve Act, Bold

Statement, Statement of Responsibility, Values

Industrial Health and Safety Sustainable

Development

We have an excellent management performance on health and safety of our opera�on, projects and transport

within the standards of the global mining industry, controlling cri�cal

risks, focusing on achieving zero injuries and fatali�es

i

We achieved excellent social and environmental performance that generates favorable condi�ons for the development

of our opera�ng condi�ons, promo�ng the par�cipa�on of the state, communi�es and

civil society, in order to improve the percep�on of well-being and quality life of

the popula�on in our strategic area of eainfluence

G4-56


Stakeholders have been identified in workshops prior to the preparation of this report, where executives and professionals have participated. The link with each of them is not carried out exclusively for the development of our sustainability report; on the contrary, our communication is permanent and uses different efficient means to strengthen our relationship.

The frequency of our communication, in many cases, responds to the conjuncture of events such as roundtables, community meetings, among others, which, by their nature, have no specific basis. The list of our stakeholders and their involvement is shown in the table below. Also, the frequency of our communication is specified only when we know.

OUR STAKEHOLDERS

G4-25 G4-26


STAKEHOLDERS INVOLVEMENT MAIN EXPECTATIONS

• Quarterly and annual reports.• Quarterly mee�ngs of the Advisory Commi�ee.

• Dialog and development roundtables.• Consulta�ons. • Environmental commi�ees• Joint monitoring.• Community rela�ons processes under the mul�-stakeholder model.• Mine guided tours.

• Website and Access to the environmental informa�on.• Technichal visits to the mine and to Huarmey port.• Conflict resolu�on mechanisms and authori�es consulta�on.• • Presenta�on of environmental performance reports to relevant regional and na�onal authori�es.

• Dialog and development roundtables. • Coordina�on mee�ngs and collabora�ve spaces.

• Transporta�on commi�ee.• Website.• Commi�ee monthly mee�ngs (Environment, Community, Health and Safety).• Annual Recogni�on Program and Sumajg Awards.• Program “Supplier of Excellence”.• Program “Expor�ng Ancash”.• Annual Performance Assessment.• Strategic Partners general mee�ng.

• Bi-monthly Magazine “Forjando Antamina". • Intranet, website and Yanacancha radio.• Mural newspapers.• Digital newsle�er.• Press releases and disclaimers.• Info-graphics and cartoons.

• Keep an outstanding reputa�on in the market

• Employment genera�on• Contribu�on to the local

economy• Development projects

• Control of poten�al environment impacts

• Reforesta�on•

• Compliance with na�onal standards

• Proper focus of mining royal�es

• Capacity building of small suppliers

• Good Prac�ces Recogni�on

• Performance Recogni�on• High standards on health,

safety and well being• Great work environment

Shareholders

Community

Environment

Government

Strategic Partners

Collaborators

Our Stakeholders

G4-24 G4-27


National Society of Mining, Oil and Energy (SNMPE)

Participation in meetings and active members on several SNMPE

committees.

American Commerce Chamber Peru (AMCHAM)

Participation in meetings and work sessions

Canadian Commerce Chamber Peru

Participation in meetings and commercial events.

Procobre Organization - International Copper

Association (ICA)Member of the Directory and

participation on the work sessions

Board of Trustees Peru 2021Participation training

workshops and meetings

Australian Commerce Chamber Perú

Participation in events and work sessions.

Mining Dialog GroupParticipation in meetings and

work sessions.

Asociación Grupo de Diálogo Ancash

Participación en reuniones y sesiones de trabajo

Peruvian Institute of Economics Members and participation in

meetings .

Huaraz Commerce Chamber Participation in meetings and

work sessions.

Associations we belong to

ASSOCIATIONS WE BELONG TO

G4-16


OUR MISSION

OUR VISION

OUR VALUES

We achieve extraordinary and predictable results in health and safety, environment, community rela�ons,

quality, and efficiency, with the commitment, par�cipa�on and leadership of our people.

Peruvian example of mining excellence in the world.Extraordinary leaders transforming challenges into successes.Working for the development of tomorrow ... now!

• Health and Industrial Safety: we take health and industrial safety in all our ac�ons and decisions, proac�vely protec�ng people and property.

• Integrity: we are our word, we honored all our commitments, and we comply with all corporate policies and regula�ons.

• Responsibility: we are responsible of our ac�ons and their consequences, as well as the efficient resource management, opera�ng with social and environmental responsibility, promo�ng the susteinable development.

• Respect and recogni�on: we recognize everyone’s achievements, respec�ng tradi�ons and promo�ng a culture where ideas and contribu�ons are valued.

•Con�nuing Learning: we promote a culture of con�nuous learning and improvement for our team, strategic partners, customers, and industry, op�mizing the use of technology and processes.

G4-56

1CORPORATE GOVERNANCE


1. ORGANIZATIONAL STRUCTURE


President & CEO

VPOperations

VPLegal and

Compliance

VPHR and Safety

VPBusiness Plan and

Development

VP& CFO

VPProjects

VP Corporate

A�airs

Health and Industrial Safety

Manager

Mining Manager

Legal Manager

Industrial Relations Manager

PDN Geology Manager

Finance Manager

Commercial and Tra�c Manager

Construction Manager

Communications Manager

Concentrator Manager

Procedures Manager

Operational Excellence and

Business Continuity Manager

Engineering and Project

Manager

Maintenance Manager

Logistics Manager

Infrastructure Project

Manager

Social Management

Manager

Energy and Electricity Manager

Systems, Telecom, and Process Control

Manager

Sustainable Development

Manager

Sustainable Development

Manager

Geotechnical and Hydrogeological Projects Manager

Project Manager

Institutional A�airs

Manager

Lands and Resettlement

Manager

Government Relationships

Manager

Health and Industrial Safety Program

Manager

Environmental Manager

G4-34


2. DIRECTORY

3. COMMITTEESDIRECTORY

Antamina Directory is composed of nine members representing our shareholders: Glencore International AG, Teck Metals, BHP Billiton Marketing AG, Mitsubishi Corporation RtM International Pte Ltd. The president of the directory rotates and is renewed annually.

The Board meets quarterly. No classroom sessions are held when necessary to approve certain matters of urgency before the next regular meeting on the economic, social and environmental spheres.

Currently, the Board has four committees, each chaired by a shareholder representative. These committees are: Strategic Business Planning Committee, Audit and Finance Committee, Projects Steering Committee, and Environment and Community Steering Committee.

Additionally, the Board has an Advisory Committee composed of representatives of the shareholders. They meet, like the Board, on a quarterly basis in order to make decisions about the running of the company and make the necessary recommendations for the Antamina Directory approval.

G4-34


In Antamina, SWOT analysis is our strategic tool; it is reviewed annually and we can identified the existing internal strengths of the company, the opportunities presented by the market and the environment as well as the weaknesses and threats that may become risks. With this tool, we build our corporate objectives, in which economic, environmental and social impacts of our activities are included.

Antamina Risk Management Integrated System is officially known as SIGRA for its acronyms in Spanish (Sistema Integrado de Gestión de Riesgos de Antamina). It seeks to identify the risks involved in our management and operations. Moreover, attempts to quantify, control, and reduce the likelihood and consequences of failure through research and understanding of their processes. SIGRA is aimed to assess and control risks at the highest level within

the organization. Includes health and safety risks, Socio-political and socio-environmental, Reputation, Legal, Manufacturing, and Projects. By understanding and appropriate risk management in a holistic way, our company provides a high level of reliability to its employees, shareholders, stakeholders and customers.

Out of the 49 events considered in our system, only nine have been identified as materials. Three of them are social environmental, four events are related to health and safety, one environmental and one related to the community. The design and implementation of risk control measures are aimed at ensuring, in a reasonable manner, achieving Antamina’s business goals. Also, the control effectiveness is reviewed quarterly and improvements are made when necessary. Finally, Risk Management performance is subject to both internal and external regular audits, as well as the review and monitoring by Antamina Risk Management Committee.

4. RISKS MANAGEMENT

G4-2


Our Code of Conduct sets behavioral and rules standards about how we should work and interact to our partners, suppliers and customers, as well as community members and other people connected with our company.

This Code is signed by everyone in our company when starting at the company, as a sign of its commitment to compliance. Additionally, we have a series of policies and procedures to avoid ethical breaches and violations of human rights:

• Corporate Compliance Policy• Anti – Bribery Policy• Gift and Hospitality Receipt and Delivery Procedure • Outsourcing Procedure• Aproval of a Third Party Expenditures Procedure• Assets Laundering and Terrorist Financing Preventative Manual

Our Code of Conduct is available to the general public through our website www.antamina.com under the “Corporate Governance” section. The document guidelines compliance allows us to work with absolute integrity maintaining at all

5. ETHICS AND INTEGRITY

times, the same standard of behavior and a strong and lasting reputation.

Our code of conduct includes a section on conflicts of interest, which are considered as faults. This section applies to all Antamina members and all those who have some connection with our company. All conflict of interest complaints are recorded in a repository reports, managed by the Compliance Department, and is analized to tell the declarant whether there is a conflict or not. If it exists, the actions to be taken include disciplinary action against the person involved.

To avoid falling into these events, the Compliance Department performs several staff information campaigns, as well as an E -learning training program, which places special emphasis on issues of conflict of interest.

G4-41 G4-56


against a person who files a complaint. Therefore, all complaints are treated in strict confidentiality. Moreover, the declarant may remain anonymous if they wish.

Currently, the Compliance Department, through the Compliance Specialist, is responsible for reviewing all complaints received, and addressed them to different areas depending on the fault:

1. Violation of the discrimination and harassment policy is addressed to Human Resources and Security.2. Breach of administrative policies or policy books and Antamina records is addressed to Administration and Finance.3. In case of complaints about confidentiality of information, political contributions, bribery, corruption or conflict of interest, an investigation led by the Compliance Department is started.

In 2014, 37 complaints concerning violations of the Code of Conduct were received. 26 of them have been completed and the remaining 9 are under investigation. The complaints were related to internal corruption violations in the bidding process related to, conflict of interest policies and procedures, theft of materials, among others.

For those investigations arising to other Antamina departments, the complaint is not closed until having evidence that the case has been investigated and they have taken the proper actions.

37reports

linked to viola�onsCode of Conduct.

26Concluded

9Under inves�ga�on

6. ETHICS HOTLINE

In Antamina, we have an Ethics Hotline to receive all complaints related to offenses of this kind, illegal activities and issues related to the organization’s integrity. Additionally, if a complaint is received by other means, such as via email or call to a vice president, manager or directly to the Compliance Department, the same treatment is given as a complaint received by the Ethics Hotline.

It is worth mentioning that the Ethics Hotline is managed by a third party contracted by Antamina and features a Communication Protocol between the operator and our company G4.56.

The existence and use of the Ethics Hotline, as well as other mechanisms to express complaints, have been informed to all collaborators through campaigns and trainings. There is also a direct access through the corporate Intranet or on our website.

• Web form: www.lineaetica-antamina.com/formulario.php• Mailbox: [email protected] • Hotline and Voicemail: 0-800-1-8112 or 01-219-7102 - Direct cintact with a professional from Monday to Friday from 8:30 a.m. to 6:30 p.m. - Voicemail 24 hours a day, 365 days a year, option 2

The Code of Conduct expressly prohibits retaliation or threats

G4-56 G4-57 G4-58


All our employees have received a copy of the Code of Conduct and have been informed about Antamina’s anti-corruption policies and procedures. All suppliers and strategic partners also have clauses that force them to respect this code and Antamina’s Ethical Policies and Procedures.

In 2014, there have been 22 in-class training sessions on Anatmina’s anti-corruption system attended by 344 employees. Additionally, since April, Antamina implemented an E Learning Program where employees can be trained. Thus, up to December 31st, 399 additional people were trained. All trainings were conducted in Lima or Yanacancha Mining Camp.

7. FIGHT AGAINST

CORRUPTION

Similarly, in the preventive spirit of our company, Antamina has conducted an analysis of all its operations and has identified two material risks related to ethics and integrity practices: bribery and relationships with illicit groups. Taking this into account, and as part of the Compliance Program, all donations made by Antamina must be reviewed by the Compliance Department in order to prevent actions related to corruption linked to the delivery of monetary contributions, goods, or services in favour of third parties. The review includes a check of the person and the entity that will receive the donation in order to identify whether government agencies are involved, Politically Exposed Persons (PEP), people with legal problems, among others. Thus, it avoids jeopardizing the gift or the recipient.

Additionally, all donations are checked, to determine whether it is a disbursement according to effective policies to support and benefit Antamina’s target population. This process includes the approval of the following representatives: Compliance Specialist, Vice President of the Department involved, Vice President of the Administration and Finance Department, and the Vice President of the Legal and Compliance Department.

G4-S03 G4-S04


All employees and strategic partners, upon being hired, receive information on induction talks, in which issues related to the Code of Conduct addresses, anti-corruption policies and procedures, among others. Likewise, externally, it includes an in-class training each year to those who represent our company before third parties. Meanwhile, internally, all our employees should applied once a year to the program available on the E -Learning platform and complete a test of 20 questions. Additionally, the Compliance area frequently organizes annual conferences for employees of the areas and positions of highest risk.

TRAINING TYPE NUMBER OF EMPLOYEES NUMBER OF OPERATORS TOTAL TRAINED

In-class

E Learning

TOTAL

297

328

625

47

71

118

344

799

743

EMPLOYEES % EMPLOYEES OPERATORS % OPERATORS TOTAL % TOTAL

TOTAL TRAINED EMPLOYEES AND OPERATORS

Trained

Non-Trained

TOTAL

625

431

1056

59.19%

40.81%

100%

118

1892

2010

5.87%

94.13%

100%

743

2323

3066

24.23%

75.77%

100%

22 344

E Learning Program to Fight Corruption

G4-S04

Sessions AboutAnticorruption System

Partners Attendedto Sessions WingsTraining


ISO90001:2008

OHSAS18001:2007

ISO14001:2004

Antamina Integrated Management System (IMS) has been certified by TUV Rheinland of Germany. We were awarded with this certification thanks to the excellent work of our team in Mine, Punta Lobitos Port, Lima Offices, pipeline and external transport. This certification, preceded by the ISO 14001: 2004 Environment, OHSAS 18001: 2007 Health and Safety and ISO 19901 Quality, involves various operations of Antamina.

This system integration includes a process of continuous improvement and a combination of ISO 14001, OHSAS 18001 and ISO 19001 (International Standards which were implemented and certified since 2005 separately for the areas of Occupational Health and Safety and Environment).

8. OUR INTEGRATED MANAGEMENT SYSTEM

Our IMS improves our organization performance, allows a more streamlined administration and prevents to duplicate procedures. A responsible performance is shown by the goals and targets administration, and the results review by senior executives of the company. Likewise, it satisfies our stakeholders and continuously improves our operations.

We also have ISO 17025 accreditation for our laboratories in Punta Lobitos Port and Mine. We also apply the Code of Ship and Port Facility Security (ISPS), awarded by the National Port Authority (APN).

6 ISO 9001 only certified in Punta Lobitos Port

G4-56 - DMA General Environment - Labor Practices and Decent Work


9. HEALTH, SAFETY, ENVIRONMENTAL, COMMUNITY RELATIONS AND HUMAN RIGHTS POLICYG4.56 DMA

G4-56 - General Environment - Labor Practices and Decent Work

We are Antamina, operators of a complex polymetallic deposit in the Peruvian Andes. Our aim is to maximize the value of our resources safely and responsibly, creating value for our shareholders and benefits for our employees, strategic partners, communities and Peru.

We feel our company values as our own and are highly motivated to always be the best.

We achieved extraordinary and predictable results in health and safety, environment, community relations, quality and efficiency, with the commitment, participation and leadership of our people.

Aware of our purposes, we assume the following commitment and responsibilities:

Provide a safe and healthy workplace for our employees and strategic partners, controlling risks in all our activities to achieve the goal of zero harm to people and property.

Acting responsibly as managers of our resources, ensuring environmental care in all activities preventing risks to the environment and meeting our environmental commitments.

Respect the culture, traditions and values of the communities around our operations, and actively work for the sustainable development of communities within our area of influence.

Respect human rights enshrined in the international scope and understand, promote and fulfill the Voluntary Principles on Security and Human Rights.

Keep an open communication with authorities, communities, employees, strategic partners and other stakeholders, on issues related to the environment, health, safety, community relations and human rights.

Keep a monitoring program to ensure an ongoing compliance with this policy, laws, current governmental regulations, as well as, internal

standards and procedures.

Keep a training and alignment program to ensure that all our employees and strategic partners are able to fulfill their responsibilities in health and safety, environment, community relations and human rights.

Periodically review of the systems, programs and environmental practices, health, safety, community relations and human rights to ensure continuous improvement in the performance of our activities.

January, 2011

Abraham Chahuán AbedrraboPresident and General ManagerMining Company Antamina S.A.

We are AntaminaWe comply!

2SOCIAL DIMENSION


1. OUR PEOPLE

Beyond the production and marketing of mineral concentrates, the greatest competitive advantage of our company lies in our human capital. Collaborators are those who shape our company leadership and strength. Therefore, every effort is rewarded with optimal working conditions, good working environment and encouragement of professional and personal integral development.

Education, training and care of our most valuable asset: collaborators, is of utmost importance to our company. Therefore, due to the importance of their work in the business productive phase, we focus our efforts primarily on the operational areas staff. The company has 2,825 direct employees (811 employees and 2,014 operators),

EMPLOYEE

OPERATORS

LABOUR

TOTAL AGE

MALE

Skilled

N° % N° % N° % N° % N° %

Non Skilled

FEMALECATEGORY

Under30

30-50

Over 50

Under 30

30-50

Under 50

TOTAL

23

522

151

250

1313

278

2537

0

0

0

53

60

6

119

9

98

8

17

33

0

165

0.81%

18.48%

5.35%

8.85%

46.48%

9.84%

89.81%

0.00%

0.00%

0.00%

1.88%

2.12%

0.21%

4.21%

0.00%

0.00%

0.00%

0.11%

0.04%

0.00%

0.14%

0.32%

3.47%

0.28%

0.60%

1.17%

0.00%

5.84%

0

0

0

3

1

0

4

1.13%

21.95%

5.63%

11.43%

49.81%

10.05%

100.00%

32

620

159

323

1407

284

2485

Skilled Non Skilled

along with approximately 4,869 strategic partners G4.12 who work in its operational areas and a wide zone of influence.

Human Resources Vice Presidency consistently strives to have a motivated workforce, proud to belong to a leading national and international company; a significant number of our employees are Peruvian and mostly belong to the Ancash region, where our mining center is, we also have other collaborators from almost all regions of the country. Additionally, as part of our development process and succession, there are more Peruvians in the operations managerial and supervisory positions.

1.1. COLLABORATORS PAYROLL DATA

G4-10 G4-LA12 DMA Labor Practices


EMPLOYEE

OPERATORS

REGION (PLACE OF BIRTH)

TOTALAGE

HOMBRE

Ancash

N° % N° % N° % N° % N° %

ForeignerOther Region

MUJERCATEGORY

Under 30

30-50

Over 50

Under 30

30-50

Over 50

TOTAL

5

56

10

221

615

61

968

17

457

140

82

758

223

1,677

0

15

1

17

22

0

55

0.18%

1.98%

0.35%

7.82%

21.77%

2.16%

34.27%

0.60%

16.18%

4.96%

2.90%

26.83%

7.89%

59.36%

0.32%

2.87%

0.25%

0.11%

0.42%

0.00%

3.96%

0.00%

0.53%

0.04%

0.60%

0.78%

0.00%

1.95%

9

81

7

3

12

0

112

1.13%

21.95%

5.63%

11.43%

49.81%

10.05%

100.00%

32

620

159

323

1,407

284

2485

N° %

1

9

1

0

0

0

11

0.04%

0.32%

0.04%

0.00%

0.00%

0.00%

0.39%

ForeignerOther Region

EMPLOYEE

OPERATORS

TYPE OF CONTRACT

TOTALAGE

MALE

Permanent

N° % N° % N° % N° % N° %

Fixed term Permanent Fixed Term

FEMALECATEGORY

Menor de 30

30-50

Mayor de 50

Menor de 30

30-50

Mayor de 50

TOTAL

16

447

147

194

1177

272

2253

7

75

4

109

196

12

403

7

89

8

8

28

0

140

0.57%

15.82%

5.20%

6.87%

41.66%

9.63%

79.75%

0.25%

2.65%

0.14%

3.86%

6.94%

0.42%

14.27%

0.07%

0.32%

0.00%

0.42%

0.21%

0.00%

1.03%

0.25%

3.15%

0.28%

0.28%

0.99%

0.00%

4.96%

2

9

0

12

6

0

29

1.13%

21.95%

5.63%

11.43%

49.81%

10.05%

100.00%

32

620

159

323

1407

284

2485

G4-LA12 1.1. COLLABORATORS PAYROLL DATA


EMPLOYEE

OPERATORS

REGION (RESIDENCE)

TOTALAGE

MALE

Ancash

N° % N° % N° % N° % N° %

Other Region Ancash Other Region

FEMALECATEGORY

Under 30

30-50

Over 50

Under 30

30-50

Over 50

TOTAL

3

63

11

234

594

52

957

20

459

140

69

779

232

1,699

0

13

1

18

22

0

54

0.11%

2.23%

0.39%

8.28%

21.03%

1.84%

33.88%

0.71%

16.25%

4.96%

2.44%

27.58%

8.21%

60.14%

0.32%

3.01%

0.25%

0.07%

0.42%

0.00%

4.07%

0.00%

0.46%

0.04%

0.64%

0.78%

0.00%

1.91%

9

85

7

2

12

0

115

1.13%

21.95%

5.63%

11.43%

49.81%

10.05%

100.00%

32

620

159

323

1,407

284

2,825

NEW HIRES

% TOTAL AGE MALE

N° %

FEMALE

Under 30

30-50

Over 50

TOTAL

67

98

2

167

2.52%

3.69%

0.08%

6.29%

N° %

3

7

0

10

1.78%

4.14%

0.00%

5.92%

2.48%

3.72%

0.07%

6.27%

HIRES PER REGION N° %

Ancash

Lima

Others regions

Foreigners

TOTAL

76

51

49

1

177

42.94%

28.81%

27.68%

0.57%

100.00%

7

8

1.1. COLLABORATORS PAYROLL DATA

7 % (Male/Female): value compared to payroll gender universe. % Total: value compared to Antamina payroll.8 Place of residence

G4-LA1 G4-LA12


TURNOVER

% TOTAL AGE HOMBRE

N° %

MUJER

Under 30

30-50

Over 50

TOTAL

4

72

17

93

0.15%

2.71%

0.64%

3.50%

N° %

2

14

3

19

1.18%

8.28%

1.78%

11.24%

0.21%

3.04%

0.71%

3.96%

TURNOVER BY REGION N° %

TOTAL

17

73

18

4

112

15.18%

65.18%

16.07%

3.57%

100.00%

TURNOVER REASON N° %

Death

Mutual consent

Trial Period

Voluntary Resigna�on

Jus�fied Termina�on

TOTAL

4

33

1

68

6

112

3.57%

29.46%

0.89%

60.71%

5.36%

100.00%

Ancash

Lima

Others regions

Foreigners

G4-LA1

9

10

9 % (Male/Female): value compared to payroll gender universe. % Total: value compared to Antamina payroll. Turnover by the end of the contract term is not included. 10 By place of residence


COLLABORATOR CATEGORY BASE SALARY OF WOMEN IN RELATION TO MEN

Officials

Employees

Operators

0.82

0.86

0.95

The company does not discriminate when setting wages between men and women. The assessment of the position and the salary market study determines the compensation.

For the staff at the Employee category, a set of data on salary information market within mining companies is taken as reference. On these data, our company design salary ranges for each collaborator category. Also, for the operating personnel, wage increases are fixed by collective agreement.

Usually, a person who enters the company will be located in the first third of their salary range. Then, after a good performance and years of service in the company, the employee will move to the upper third. However, a feature of the sector is that the staff working in the mining industry is mostly male, especially in operational areas; that is why the average salaries for this group appear larger than the female. This difference is most noticeable in operations management positions, in which there are no women.

Compensations

1.2. COMPENSATIONS G4.LA13

11 Based on average compensation per collaborator category.

11

G4-LA13 DMA specifies equal pay for women and men


Human Resources Vice Presidency, through the Industrial Relations Management, maintains open and ongoing communication with employees and their union representatives. To keep that close communication, monthly meetings are set with the Board of Trade Unions of workers, in which issues related to social welfare, health, food, lodging, transportation, etc. are addressed, and agreements that raise our employees’ quality of life are taken.

Since the beginning, our company has endeavored to maintain and promote good labor practices. In order to do this, privileged communication and ongoing dialogue is a fundamental value.

1.3. INDUSTRIAL RELATIONS

42.41%

57.59%

Non a�liated

A�liated

Furthermore, our Area of Industrial Relations contributes steadily to improve the working environment by building trust and credibility with collaborators and through effective support to all levels of supervision in the management of relationships with them.

We have two unions: SUTRACOMASA, representing 53.50 % of the operators; and SESTAFA, 4.09% of the employees. The company maintains negotiation procedures and open communication in harmony with the principles of collective labor management and compliance with regulations.

G4-11

In November 2014, Antamina witnessed the first strike that the company had to face for almost three weeks. A measure of force arose while it was in force and full compliance with the fourth collective labor agreement signed in harmony with the labor union, SUTRACOMASA.

From the beginning, it was warned that the strike would not be legal, as it did not constitute assumptions necessary to exercise

the right to strike, which is why before it started, the strike was declared inadmissible, then illegal. On the other hand, workers who bowed to it did not leave the work center, this being another reason that caused the strike was declared illegal. A contingency plan implemented with the support of a group of collaborators who bet on the future with work and responsibility, managed to pull through, and the 2014 production remained within projections.


BENEFITS BY LAW

BENEFITS EMPLOYEES OPERATORS

Health care insurance complex layer – Essalud

Temporary disability allowance – Essalud

Maternity allowance

Breas�eeding allowance

Death allowance

Unemployment healt care insurance (latency period) - Essalud

SCTR Health care insurance

SCTR Pensions insurance

Independance Day gratuity (one remuneraon)

Christmas gratuity (one remuneraon)

Years of Service Compensaon (CTS)

ADDITIONAL BENEFITS

EPS Health plan holder and dependants up to 25 years inclusive

Life insurance Act and complementary Life insurance group since the first day of work.

Cancer insurance

College scholarships for workers’ children

Accidents insurance “Mas Vida” – ESSALUD

Addional bonus according to working special condions (Risk work, night work, work at height, etc.)

Social Benefits

1.4. SOCIAL BENEFITS

In Antamina we do not hire part-time employees In addition, all those who are hired on a Fixed Term have the same benefits as Permanent employees. There are only some differences between the benefits Antamina offers Operators and Employees.

Also, if a labor accident occurs, the SCTR12 policy covers 100% care worker until recovery. The affected worker receives social support from our Human Resources Department, particularly social benefits, through visits while they are hospitalized or at home to offer advice on the resting management. In addition, a number of medical visits are scheduled by specialized doctors in our company to ease the recovery.

12 Work risk insurance

G4-LA2


1.5. HEALTH AND SAFETY

had any cases of occupational diseases. However, we are aware that one of the significant risks of our activity is noise exposure. Therefore, most of our preventive occupational hygiene control projects are oriented to work on this issue through noise isolation and adequate protection with personal protective equipment.

Positions handling loads or perform repetitive movements (365 employees) have programs of active breaks and placement of adjustable platforms to develop the work to an accepted level of postural load. In addition, the redesign of tools and equipment, together with the reduction of exposure time on tasks, control the risk involved.

On the other hand, the health staff at San Pablo Hospital Complex (43 people), strategic partner that provides medical service in Mine and Punta Lobitos port, may be exposed to risk of infection by biological agents for manipulating biological wastes and fluids potentially infected; to avoid this, all staff who offers care to patients, handles injuries or has contact with biological fluids, uses the level of protection that ensures no contagion (gloves, masks, aprons, goggles and special suits).

CATEGORY

ACCIDENT RATES

2013 2014

Fatali�es

Incapacita�ng accidents rate

Lost days Antamina

Lost days Strategic Partners

Occupa�onal diseases

Recordable incident rate Antamina

Recordable incident rate Strategic Partners

Severity rate Antamina

Severity rate Strategic Partners

0

0.95

212

699

0

2.01

1.55

35.58

54.08

0

0

163

2

0

2.53

1.42

29.48

0.17

Our Health and Safety Program is performed according to DS No. 055-2010 EM based on 1,000,000 man hours. Antamina, during 2014, has reached 17,491,500 man hours.

Our Health and Safety Program includes the induction and basic orientation, where employees are instructed regarding our policies and procedures, including Industrial Safety, Health, Environment, Social Management, and Human Resources. Training lasts 8 hours a day for 2 days and it’s managed by Human Resources.

When a worker starts, the supervisor in charge provides training in the work area, which consists of a theoretical and practical learning. This training lasts 8 hours for 4 days. Once the worker has more than six months, they are given basic training according to the parent training in occupational health and safety mining, in which each worker must receive a quarterly statement of not less than 15 hours. Also, for visits, induction is done in 1 hour industrial safety in the Terminal Entrance to Yanacancha Camp.

Our high standards have allowed that, during 2014, we have not

G4-LA6 G4-LA7 DMA specific health and safety at work


Courses and training programs conducted by our company are divided into two groups: those who are part of the Occupational Health and Safety Program Annual Training, and those that have been designed to reinforce a concept or technical ability in the various areas of the company.

Security Training

Technical Training

TRAINING PARTICIPANTS

Training hours

Total of par�cipants

EMPLOYEE

Male Female Male Female

OPERATORPROGRAM

80

160

20

15

1,700

1,072

50

44

1,850

1,291

97,698

40,127

In total, 137.825 hours of training during 2014 were recorded, giving an average of 48.7 hours of training per employee per year. If this information is broken down by sex, 132.443 hours were issued to men and 5,382 to women (equivalent to 96% HHE in men and 4% in women).

Trainning and Education

1.6. TRAINING AND EDUCATION

G4-LA9


2. SUPPLIERS MANAGEMENT

all suppliers, 141 are from Ancash and reach a transaction value of US$ 27 million.

On the other hand, in 2014, our imports purchases, reached US$ 18 million and were attended by 167 suppliers. 44% of these are from the United States; 27%, from Chile; 10% from Canada; and the remaining balance from other 21 countries.

For the import of products, we have International Cargo Agents, who collect products from our suppliers worldwide, consolidate them in their stores abroad and then transport them to Peru by sea, land or air. Already in Peru, we have Customs agents who are responsible for the nationalization of the load. Nationalized products are consolidated in our warehouse in Transit in Callao, where they bind to cargo delivered from domestic suppliers. Our Logistics Operators transport it to the mine or Punta Lobitos port. However, some

Other suppliers

Imports USD $18 Millions

Ancash suppliersUSD$27 Millions

Chile, 27%

Canada, 10%

USA, 44%

Other 21countries 86%

Any supplier who usually works with us is considered our “Strategic Partner”. This is the kind of relationship we want to achieve with each of them for the benefit of both parties: it is a partner because it involves taking as the pair together the challenge of supply of goods and services Antamina requires; and it is strategic because our suppliers’ management and performance are key factors to achieve our goals.

The logistics area is responsible for the management of our supply chain. This includes the planning, implementation, flow control, timely and efficient storage of inputs, products and services from suppliers to the mine or the Punta Lobitos port in order to ensure continuity of operations.

We currently have 4,869 registered suppliers, 1,322 had trade relations with us in 2014 with a value of US$ 957,145,264. Out of

G4-12


equipment or high volume products consumption are delivered directly into the mine through transporting companies hired by our suppliers, but meet the insurance requirements established by our company and are part of our Transporting Plan.

In 2014, 34.906 freight trips were made to the mine with no reported accidents.

Did you know that the earth’s equatorial circle is 40,075 Km? This means that only in freight transportation, Antamina walked the earth 264 times, without

reporting any incident! Awesome.

We look for quality, reliability, service and total cost with a strategic approach based on the relationship with suppliers and market intelligence. This relationship has its pillars in the strategic alignment through the Transportation Plan, the assessment and suppliers recognition, as well as the development of these through

the following programs:

• Supplier Development Excellence, seeks to increase the country’s competitiveness through innovation and development in the mining industry suppliers.• Exporting Ancash, promotes synergies between institutions linked to the business to develop local suppliers in different fields, so that establishes a route to achieve competitiveness and integration into the local, national and international market.

In Antamina, we have an audit performance annual program for our contractors. It is designed to verify compliance with the obligations of labor, social and welfare fields, as well as certain obligations of safety and health at work in order to enable enterprises to raise the observations and non-conformities found, which is a formal opportunity to continuous improvement.

It should be noted that as far as Antamina signs contracts that meet current regulations and laws, the chances of infringement of any human and labor right is minimal. However, according to a preventive measure by our company G4.LA15, during 2014, 61 contractors who had 71 contracts with Antamina were audited. The target group was composed mainly of companies providing services with personnel located in operations centers.

Our company formally ensures that minors are not recruited to work in any of the operations centers. It has not been identified nor significant or lower risk of child exploitation cases. Additionally, due to the practices of access control operations centers, it is unlikely that minors enter into the areas of operations to perform some work. The current rules require occupational physicians and ascent to high altitude tests, as well as general and specific inductions for work, natural filters constitute the entry process of our staff or subcontractors to operations areas.

On the other hand, the free right of association is guaranteed by our mechanisms for contracting suppliers and subcontractors. Both operations centers and in the suppliers activities field, freedom of association is not threatened.

Regarding forced labor, it is denied in Antamina. The company has a formal procedure refusal to unsafe work, which offers a valid alternative so that any collaborator can register the case, sustain it, and document it. Antamina supervisory team is responsible for

G4-LA15 G4-MR4 G4-MR5 G4-HR6

DMA general and specific: freedom of association and collective bargaining / child labor / forced labor

the issue of combustion gases, our company has not calculating greenhouse gases (GHG) in this process, since it corresponds to a Scope 3 of GHG measurement.

However, in order to maintain preventive actions, Antamina has executed, together with the transportation committee and providers, the following activities:

• Training, vehicles preventive maintenance, on-route controls and limited driving time.

• To minimize combustion gases emissions, strict control of the vehicle conditions through preventive maintenance, technical inspections (including opacity test) and driving training was conducted.

evaluating any non-consent job, and take corrective actions as appropriate. Contractors and service providers, act in the same way. It is ensured that no employee feels compelled to perform some task deemed that threatens its integrity. It is noteworthy that we have not had any cases of this type during 2014.

The potential significant environmental impacts that may result from our suppliers external transport of products, goods or staff, are those related to the potential spill of oil or chemicals, and combustion gases emissions, which are evaluated directly by our strategic partners.

Regarding the potential spill of oil or chemicals, we should note that, in 2014, we have not had any environmental accident. Regarding

G4-EN30

DMA general transport


3. HUMAN RIGHTS

In Antamina we have a Policy of Industrial Health and Safety, Environment, Labor Practices, Community Relations and Human Rights. In it, the expected behavior of all employees, strategic partners and all those who have a permanent or temporary relationship with our company is provided. This demonstrates our commitment to good corporate development. Likewise, we hope to spread our policy to our strategic partners to also comply at all times, so that our corporate culture is strengthened. We believe that a close and mutually reinforcing link may reduce unwanted conflicts or disputes by either party. We have included in our contractual models, specific clauses in which the supplier is requested to respect our Code of Conduct, which establishes the fulfillment of all our policies. It also includes specific guidelines on discrimination and harassment.

Every year, we invite our most relevant strategic partners (according to aspects such as security, presence in our operation or, in general, the impact on our operations) to the launch of our Strategic Plan in order to look them up as support and guidance on issues like values and policies that Antamina practices.

DMA general without discrimination


The Social Management area is responsible for the Claims Attention Process, this system is focused on strengthening trust between Antamina and local actors. This system meets the demands of the stakeholders that are directly or indirectly related to our company. Through this process we received any written or oral manifestation for which the claimant consideres it has been any type of damage, arising from the execution of the activities of the company, acts of their employees or their strategic partners. The concept of “claim” includes synonymously other terms, such as “complaint” or “dispute”. When these manifestations of unconformity are recorded in our process, they are automatically considered as claims, as it generates an expectation on the complainant, who considers that the case warrants compensation, a clarification, a warning or amendment by the company, due to the situation the referred claim was made.

In addition , environmental concerns have been managed within the framework of environmental tables sponsored by the Presidency of the Council of Ministers (PCM ) that attract the participation of the various environmental authorities (DIGESA, ANA, ALA, OEFA, MINAM, MEM, OSINERGMIN, CENSOPAS), the community and our company into a multi-actor scenario of transparency and communication. Within this framework, in

3.1. HUMAN RIGHTS TRAINING

3.2. CLAIMS SERVICE PROCESS

COLLABORATORS TRAINING HOURS

Na�onal Police of Peru

Supplier: Security

Antamina collaborators

361

288

28

Also all our employees go through an induction process, which includes aspects of human rights based on the Voluntary Principles on Security and Human Rights.

2014, Antamina has participated in environmental tables at Ayash, Huaripampa, Santa Cruz de Pichiu, AMUCEPH, Cajacay and Llata.MM6-MM7 Revisar los bullets

Regarding the most significant land use disputes, we have the following:

• An invasion of Antamina ownership in Sacuacunay area corresponding to the Tranca property, adjacent to the Llaquir property, undivided property not registered with 424 people in San Marcos, grouped in 4 Associations, claimed rights to the land. The actions taken so far consist of meetings with associations to jointly define the placement of landmarks in the boundaries of both properties.

• A family from Llaquir claimed that Antamina wasn’t providing work or veterinary care for their animals and delved into Antamina property, when they were asked to leave, the boundaries of the property were also verified. The members of the owners association filed a claim boundary that remains unresolved.

Trainning and Education

100% of workers who fulfill tasks that involve interaction with neighboring communities or the property boundary have taken human rights training because they could incur in any excess using force against any disturbance generated inside or in the property boundary.

DMA specific: Mechanisms claim for social impact DMA specific: Mechanisms claim

DMA general: Security mechanisms G4-H27 G4-S01 G4-EN34 MM6 MM7


process involving the mobilization of three extended families that house 12 family units that had economic relations with a land size of 256 hectares from the property of Ichic Colla Ganyas from their grazing activities. Of these 12 households (nuclear families), 6 were transferred in 2014, transferring its possession and disabling their grazing activity. There have been no disputes to resettle 6 family units, grazing was a complementary activity to their other business operations in the valley, where they have their principal residence, social networks, business and most significant financial investment activity. For the process of calculating monetary compensation for loss of assets at replacement cost it was performed, which has widely favored families who now have an important capital to invest in its other economic activities. Also, a program to support sustainable investment that offers advice for the definition and implementation of business plans or productive investment plans were included.

Social networks of families have not been affected by displacement since they used seasonally rustic dwellings material kept in the highlands; the main residence of these families was and remains the valley of San Marcos and Chavin and in the owners’ case, mainly Lima.

• Huachis Community Directive filed a complaint with our company indicating that the installation of the stone walls that delimit the boundary between the two properties (Antamina and the Community) made in 2002, were not invited to participate in this errands, so it was likely that they had installed the stone fence occupying part of the community’s territory. Antamina led to a meeting which agreed to conduct an in situ boundaries verification process. With the support of GPS Geodetic equipment it was confirmed that the fence was installed in accordance to the plane registered in public records of the property owned by Antamina. At this meeting, the parties reached an agreement on compensation for the inconvenience caused to the Community despite the property boundary was defined correctly by the stone walls. This agreement was in December 2014 with the signing of a Settlement and determination of adjacencies.

• Legal Proceedings: Case Suro Grande, requesting land demarcation with the property acquired by Antamina from the Community Tupac Amaru de Llata . Huechue case, seeking land demarcation with the property acquired by Antamina from the Community Tupac Amaru de Llata . Algohuaganga case in claiming vindication of 16 hectares of land purchased from the Community Tupac Amaru de Llata.

MM9 During 2014, Antamina continued with the resettlement

13 Process compensation for loss of possession and economic activity of grazing

MM6 MM7 MM9


Cmmitment

Environment

Reloca�on

Land

Health and Safety

Other social aspects

OPEN CLOSED

In process

2014 Prior 2014 2014 Prior 2014

Negocia�onCLAIM

CATEGORY Agreement

2014 Prior 2014 2014 Prior 2014

Disagreement

TOTAL

6

5

3

13

6

6

39

1

10

1

9

2

4

27

1

0

0

1

1

0

3

0

0

0

0

0

0

0

0

0

0

0

2

1

3

0

0

0

0

0

0

0

12

9

7

24

18

28

98

3

8

4

14

11

9

49

Complaint Category

14

15

14 Mainly claims from our stakeholder: the community15 Among them, the ones associated to employment and services

G4-S011

MM6

G4-EN34

MM7


4. LOCAL DEVELOPMENT MANAGEMENT

4.1. OPERATIONS AREA OF INFLUENCE

UGT MINE - SAN MARCOS

UGT LLATA PUÑOS

UGT HUALLANCA

UGT HUARMEY

HUARI - ANCASH

HUAMALÍES - HUANUCO

BOLOGNESI

BOLOGNESI

RECUAY

BARRANCA - LIMA

HUARMEYTOTAL POPULATION 2013 115,586

DISTRICTS POPULATION

SOCIAL MANAGEMENT UNIT PROVINCE OAI

San MarcosChavin de Huantar

HuachisSan Pedro de Chaná

LlataPuños

HuallancaAquia

Chiquian

8,3422,6343,802

CajacayAntonio Raimondi

ColquiocHuayllacayán

CatacPampas Chico

MarcaLlacllínPararín

Paramonga (rural area)

Huarmey 30,232

2,612

4,0661,9391,0091,7131,355

1,6441,1213,7901,162

15,3014,579

14,5999,2793,6062,801

UGT VALLE FORTALEZA

Influence operational area

Antamina is a solely mining operation, yet has components such as pipeline, power transmission line and Punta Lobitos port, which has generated the need to define an Operations Area of Influence (OAI) comprising 20 districts in the provinces of Huarmey, Bolognesi, Recuay, and Huari in the Department of Ancash, Huamalíes in the Department of Huanuco and Barranca in the Department of Lima. During 2014, projects have been implemented in 15 districts with their own resources and multi-stakeholder approach.

Antamina has defined an active role in managing the development of their area of social intervention covering a population of approximately 115,000 inhabitants.

SOUCE: INEI 2013 Population projection

Operations Area of Influence (OAI) means the area corresponding to all district municipalities where

the infrastructure essential to benefit , process, store , industrialize and commercialize the extracted mineral, such as treatment plants , smelting, refining

, storage , etc. or that non conventional transport infrastructure exclusively dedicated, such as slurry

pipelines, are located.

G4-SO1


4.2. OWN INVESTMENT DEVELOPMENT PROJECTS

AXES INVESTMENT PRIORITIES BENEFICIARIESDISTRICTSN°

PROJ.TYPE OF PROJECTS

Educa�on

Health

Educa�onal infrastructure and equipment

Capacity building

Infrastructure and Equipment

Resources

Other

Replacing infrastructure

Expanding educa�onal environments

Improving infrastructure

Computer equipment

San Pedro de Chana

Huachis y San Marcos

Huachis, San Pedro de Chana y HuallancaSan Pedro de Chana, San Marcos y HuachisHuarmey, San Pedro de Chana, San Marcos, Paramanga, Chiquian, Huarmey, Catac, Antonio Raymondi, Colquioc, Culebras, Aquia

San Marcos

Huaraz y San Marcos

San Marcos (Ayash Hppa), Cajacay y Aquia

San Marcos (Challhuayaco)

Huallanca CajacaySan MarcosSan Marcos, San Pedro de Chana, Huachis, Huallanca, Aquia, Antonio Raimondi y Huarmey AIO Districts

Scholarships for university and technical studies

Scholarships for short technical studiesMusical educa�on

Improving the response capacity of health facili�esInfrastructure SpareConstruc�on of roads and sidewalks Construc�on of sanitary landfillInstalla�on of improved stoves

Finance professionals for health facili�es Medical campaigns

02

03

06

01

03

02

01

03

01

0101

01

01

01

300 students

183 students

387 students

870 students

42 youth

80 youth565 students

2,224 inhabitants

558 inhabitants

2,000 inhabitants1,353 inhabitants

231 families

24,000 inhabitants

7,000 inhabitants

Influence (composed of 20 districts) through the provision of social and productive infrastructure, and the development and capacity building.

Development projects

In 2014, Antamina has made a direct investment of US $ 14 billion in development projects to help improve the quality of life of the population of the Scope of Operations Area of

DMA General and specific indirect economic consequences G4-EC7


Infraestructure

Produc�ve Development

Touris�c Development

Capacity Building

Irriga�on systems construc�on Irriga�on systems Rehabilita�onAgricultural DevelopmentLivestock DevelopmentAquaculture Development

Forestry Development

TourismEnhancement of cultural heritage

San MarcosSan MarcosSan MarcosSan Marcos y HuallancaHuarmey

San Marcos, San Pedro de Chana y ChavínChavín, San Marcos y HuariChavín y Huarmey

Distritos del AIOStrengthening Local Management

0201020301

03

0102

01

67 productores420 productores562 productores

1,097 productores134 pescadores

980 familias

47 negocios

4,442 familias

18 municipali�es and 20 social based organiza�ons

Economic Development

Ins�tucionality

AXES INVESTMENT PRIORITIES BENEFICIARIESDISTRICTSN°

PROJ.TYPE OF PROJECTS

4.3. PROJECTS UNDER MULTI-STAKEHOLDER MODEL

Since 2013, Antamina has implemented a new strategy of Social Investment under the multi-stakeholder model, which involves strengthening the leadership of local government in the territory and coordination with local and regional actors, on the national level and international cooperation for the implementation of strategic projects for local development.

By 2014, US$79 million dollars from national and local governments and international cooperation has been raised. In order to raise these resources, Antamina has invested US$ 13

million dollars in strengthening development spaces in various districts of our OAI, promoting leadership in the municipality, in the formulation of pre - investment and final studies, as well as the co-financing of major projects such as: Irrigation System Huarco Curan in Cajacay, the Forestry project in 30 towns in the province of Huari, the proposed capacity building of governance Commonwealth Fortaleza Valley which groups 12 local governments, projects development for competitive value chains of avocado, peach, asparagus, silvopastoral, milk and dairy products; and the implementation of youth entrepreneurship in all 20 districts of the OAI.

DMA General and specific indirect economic consequences G4-EC7

Development projects


AXES INVESTMENT PRIORITIES DISTRICTS N° OF PROJECTS

Educaon

Economical Development

Instuonal

Health

Health infrastructure

Sewage Infrastructure

Tracks and trails

Municipal solid waste integrated managementImproving the educa�onal infrastructureTechnical Training

Afforesta�on and reforesta�on

Irriga�on infrastructure

Compe��ve development of the chains: avocado, peach, asparagus, dairy products and silvopastoral

Business Plans Implementa�on (guinea pig and sheep chain)Promo�on of youth entrepreneurshipRiparian defense

STicllos, Chiquian, IndependenciaHuaraz, Antonio Raimondi, Huayllacayan, Llumpa, Chiquian, Recuay, Pacllon, ColquiocHuachis, Pacllon, Huarmey, Chiquian, Chiquian, Huaraz, Catac, Pacllon, AquiaColquiocHuachis, Puños, Huantar, Pacllon, ChuqianSan MarcosCajay, Chavin de Huantar, Huacachi, Huacchis, Huachis, Huantar, Huari, Masin, Paucas, Ponto, Rapayán, San Marcos, UcoSan Pedro de Chana, Catac, Ticllos, Chiquian, Marca y CajacayAquia, Chiquian, Huallanca Huasta, Antonio Raimondi, Cajacay, Huayllacayan Marca y CatacHuachis, Catac, Antonio Raimondi, ColquiocAntonio Raimondi, Cajacay, ColquiocColquiocAntonio Raimondi, Cajacay, Chiquian, Huayllacayan, Huayllapampa, Llacllin, Marca, Pampas chico, Paramonga, Pararin, Recuay, Ticapampa

03

09

12

010901

13

07

05

03

0301

12Strengthening Local Management

Projects Under Multi-Stakeholder Model

G4-EC7


4.4. DIRECT AND INDIRECT IMPACTS

• 214 hectares of improved irrigation and 82 hectares incorporated to the irrigation system, benefiting 1,551 producers allowing them to rationalize water use.

• 1,600 producers have strengthened their capacities to raise their productivity levels, through the implementation of technological packages, organizing to improve their marketing and income levels.

• 42 rural youth with access to university and technical college, and 80 young people who have received technical training that improves their employability and future income.

… strenghtening local institutionality

• Subscription of 16 district-level governance agreements that allowed to placed in local public agenda the problems of the population, which was collected by candidates and incorporated in its proposals for government.

• 05 mayors, 18 councillors and 26 elected officials with strengthened capabilities in investment management and territorial development.

• The implementation of Multi-Stakeholder Model has allowed the use of a new funding mechanism, such as “Public Works Tax Deduction” that improves the efficiency of public spending, through the execution of public works in less time and higher quality.

Investment in social and productive infrastructure and capacity building is improving the living conditions of families in the OAI. In 2014 the direct and mobilized investment has allowed the Region to advance in its value creation:

… closing gaps in access to basic public services and infrastructure

• 685 households with access to potable water and sewage system that reduced levels of severe diarrheal diseases and reduced levels of malnutrition.

• 368 people with access to adequate health infrastructure through the improvement response capacity of health facilities.

• 934 students from 12 educational institutions with access to adequate educational infrastructure with environments and access to computer rooms and internet connection.

• 132.557 m2 of paved trails and 28.919 m2 sidewalks which reduced the incidences of respiratory diseases caused by dust in 51,555 people.

… developing capacities to improve productivity and business competitiveness

• 178 hectares have been reforested and 400 hectares of native forest (polylepis) are conserved, benefiting 980 families through the forest environmental services, regulation of water resources, soil conservation and future revenue from logging.

G4-EC8


3ENVIRONMENTALDIMENSION


1. ENVIRONMENT MANAGEMENT SYSTEM

policy of Health and Safety, Environment, Community Relations and Human Rights, an Environmental Management System based on ISO 14001: 2004 has been developed and implemented This system has improved environmental performance across the company. It has become a closely monitor to our obligations, environmental and legal commitments, and our permits and licenses. Consequently, water, electricity and paper consumption has been optimized with the involvement of all employees and strategic partners.

Our management system places special emphasis on compliance with regulations applicable to our business on issues such as waste, hazardous materials, household waste, transport, discharges, emissions and monitoring, among others.

167

168

169

170

171

172

173

174

175.00

169.80

176

175

2013(Miles de Tn)

2014(Miles de Tn)

TOTAL USE OF MATERIALS

As observed, we have obtained a 3.4% reduction in total consumption of material by finding operational efficiency, coupled

with cost efficiency.

Our Company is committed to safeguarding the environment and we have assumed the responsibility to adopt a precautionary principle to protect the environment in relation to any negative impact our activities may generate. Similarly, we protect our employees, strategic partners and communities around the operation. For that reason, efforts to minimize emissions and discharges to air, water and soil as well as waste generation and occurrence of spills are made. To do this, we use technology and implement prevention and control programs to achieve environmental compliance in our operations in accordance with current legislation and environmental reference standards.

In order to comply with the commitments made in the EIA, environmental laws and regulations and in accordance with our

1.1. MATERIALS USE

G4-14 G4-EN1


MATERIALS 2013 (T) 2014 (T)

Tires

Reac�ves

Steel Balls

Explosi�ves

Others materials16

TOTAL

5,500

38,000

29,500

70,000

32,000

175,000

4,900

38,100

27,600

69,100

30,100

179,800

It is noteworthy that 20 % of tires were retreaded with reference to the total use of new tires. This reduction was carried out under the project “Supplier Development of Excellence” which promotes innovation providers to contribute to the good performance of the company by improving processes and services. In this case, a local company provides retreading services to extend the half life of haul truck tires.

20%OF TIRES WERWRETREADED

Total Use of Materials

16 Such as parts of major and minor equipment (metal, girdles, etc.)

G4-EN1


The primary energy consumption comes from Antamina grid. Antamina does not generate its own energy. However, there are situations of emergency, supply constraints, where

Since March 2014, we are undertaking the initiative to save electricity consumption which was aimed at turning off electrical equipment in the hours where we had higher rates (between 18:00 and 23:00 hours).

According to our baseline data estimates (February 2014, month

energy is generated using diesel generators as the main fuel. The generators, in 2014, were used to generate energy in our operations centers Yanacancha and Punto Lobitos Port.17.

when the initiative was still not applied), we can say that our annual saving was 8,756.88 MW/h. Also, there was a decreased on the pumping hours in Seepage Collection station (booster station), which meant an additional saving of 2,824.33 MW/h.

Energy Source MW/h GJ

Electricity (Interconnected System)

Solar (photovoltaic solar cells)

Diesel

Energy Intensity17

933,956.37

XX

1,658,581.73

0.018513 tonnes milled

3,362,242.93

XX

5,970,894.22

Not applicable

Energy Conssumption

1.2. ENERGY CONSSUMPTION

17 The consumption ratio per monetary unit was: 62.16 US$/MWh.

G4-EN3 G4-EN5 G4-EN6

1.3. RENEWABLE ENERGY In relation to renewable energy initiatives contributing to saving energy, in December 2013, the solar pilot project in Punta Lobitos Port Camp Facilities was successfully completed.

This meant that, during 2014, an estimated energy reduction of 5,199.06 kWh was obtained18 .

Exterior Ligh�ng

Sodium lamps 1

Sodium lamps 2

70

150

7

15

77

165

4

4

308

660

1349.0

2890.8

Rated Power (wa�)

Total Power (wa�)

Total Installed

(wa�)Losses (10%) Quan�ty Savings

Iluminación Interior(Por habitación)

Fluorescent

Bedside lamp

Fan

36

20

100

10

2

5

46

22

105

2

1

1

92

22

105

402.9

96.4

459.9

Rated Power (wa�)

Total Power (wa�)

Total Installed

(wa�)Losses (10%) Quan�ty Savings

Renewable Energy

18 Based on 4,380 hours per year.

G4-EN3


1.4. WATER CONSUMPTION

0%

25%

50%

75%

2007 2008 2009 2010 2011 2012 2013 2014

100%

% OF USE OF FRESH WATER

% WATER CONSUMPTION

3.27%

96.73%

2.81% 1.97% 1.93% 1.93% 1.03% 1.47% 0.78%

97.19% 98.03% 98.07% 98.07% 98.97% 98.53% 99.22%

% OF USE OF RAINWATER

Surface water use

During 2014, Antamina used 20.25 millions of cubic meters of surface water on an authorized total of 31 millions of cubic meters according to our Authorization for Use of Surface Water RD 848-2013 ANA- AAA. Our company does not extract water from water bodies such as lakes or rivers, but collects rain by dikes. Thus, Antamina does not compete with other water users.

2% of this consumption is explained by domestic (camps and offices), while the remaining 98 % is explained by the use of water within the production process itself (i.e. pumping surface water from Antamina Gorge to Yanacancha Gorge, dust

Antamina returns a high percentage of water through their discharges to the environment in compliance with the current maximum permissible limits (MPL).

suppression, concentrate transportation via pipeline to Punta Lobitos Port, reagent preparation, refrigeration equipment, etc.). This includes the evaporation of water from the tailings dam, water retained in the tailings and seepage in the underground inside the property.

G4.EN10 It is noteworthy that during 2014, 99.3% of the water used in the process of concentration of mineral, the recycled water came from the tailings pond. This is one of the highest rates in the industry worldwide.

G4-EN8 G4-EN10


to the concentrator plant. Only 2.7% of this volume comes from the work of pumping water from the open pit ore mining. Such pumping is required for safe mining operation. Thus, exploitation of groundwater is limited to the minimum possible without affecting an area that is not included in our footprint approved in the EIA.

Groundwater Use

In 2014, Antamina used 3.2 million cubic meters of groundwater on a total authorized 7.6 million cubic meters according to our Authorization for Use of Groundwater RD 322-2013-ANA-AAA-M.

97.3 % of this volume of use, refers to the rock humidity extracted in the operation (estimated at 6%), which is carried

0

5

15

10

20

25

30

35

10.75m3

20.25m3

Consumido

CONSUMO DE AGUA SUPERFICIAL

0

1

3

2

4

5

6

7

8

4.4m3

3.2m3

CONSUMO DE AGUA SUBTERRÁNEA

MET

ROS

CÚBI

COS

MET

ROS

CÚBI

COS

No Consumido


the created Huarmey Forest. This is the only the department of Ancash has in the coastal area and covers about 170 hectares of forestry.

During 2014, 1.45 million of m3 were reused to irrigate this area in compliance with RD Reuse Authorization 008-2013 - ANA- DGCRH

Antamina is not located on protected or restored habitats or record activities in areas considered within the National System of Protected Natural Areas (SINANPE) or other areas with high biodiversity values in their environment, so it does not generate significant environmental impacts on biodiversity. However, our company has programs on its area of direct environmental influence for monitoring the biodiversity and biology.

The flora and fauna monitoring strategy is based on the evaluation of both groups in the different units of existing vegetation in the area of direct environmental influence. The methodologies used are diverse and applied to each of the taxa under evaluation. Likewise, monitoring is not performed in fixed areas, it is based, first, on sampling efforts for the detection of species of flora and fauna, and, second, in its analysis by ecological indexes.

Water reuse in Punta Lobitos Port

The development of the productive process in Punta Lobitos Port does not require the use of fresh water, this comes from recycling the water used in the process of transporting the ore concentrate through the Pipeline.

At the end of the productive process, the water is properly treated to obtain clean water, so it can be harnessed to irrigate

1.5. BIODIVERSITY IN THE AREA OF INFLUENCE

G4-EN10 G4-EN13


As part of the approved Environmental Monitoring Plan, Antamina monitors the care of flora and fauna. Also, as part of an initiative of shared responsibility with the Local Water Authority (ALA) in Huaraz, our company holds two annual monitoring of birds in Conococha lagoon. According to the last analysis of temporal and spatial trends, not significant impact

was identified attributable to the operation of the access road to Antamina on birds in Conococha. In the operations area, impacts attributable to the operations in the distribution of biodiversity patterns of abundance and wealth are neither distinguished.

SPECIES DATA

393

1202014

319

541

BirdsMammalsRep�les

AmphibiansFish

Flora and vegeta�on

Fauna

T0TAL

Biodiversity in the area of influence

19 One of them is introduced: trout

G4-EN13


1.6. EMISSIONS

The process of calculation of CO2 emissions using the IPCC - UN methodology, according to standard ISO 14064, was made; this calculation method is audited and verified externally. Accordingly, we have the following detail for mine operations:

In Antamina, we assume a real commitment to the responsible use of water resources. Therefore, we comply with all national quality standards of water and implement controls to international standards. We have the authorization for water use and discharged arising from the environmental impact studies and granted by the appropriate authorities. Also we promote water reuse initiatives to minimize consumption of fresh water:

• Tailings Dam: Ensures proper disposal of tailings resulting from the production process.

• Efficient water management at the end of the process (Punta Lobitos Port): The water we use to transport the concentrate

SCOPE 120 SCOPE 2 TOTAL EMISSIONS

452,733.1 tn CO2e

20,894.4 t CO2e

MINE

PORT

478,629.2 tn CO2e

253,423.1 t CO2e 274,317.5 t CO2e

931,362.3 tn CO2e

from the mine to the port is filtered and treated to meet the maximum permissible limits. Then is reused to irrigate more than 177 hectares of forest in Huarmey.

Also, we have a quality monitoring program, which includes sampling and analysis of our discharging, and receiving water bodies. Consequently, we guarantee 100% compliance in water quality standards since controls are required by the State in each of the discharged points:

Antamina Gorge

Ayash Gorge

Gorge Sta�on Receiving water bodiesDisposal(millions of m³)

CO-24

CO-13CO-16

CO-21D

8.0

30.61.28.3

Pampa Moruna river

Ayash river

Emissions

Wastewater Management

1.7. WASTEWATER MANAGEMENT

20 Gases included in the calculation: CO2, CH4, N2O, HFCs, PFCs y SF6

G4-EN15 G4-EN16 G4-EN22


Within the legal framework and according to our environmental policy, we intend to manage our waste without harming the environment or public health. Therefore, we conduct pollution control actions (mainly in the emission sources) and actions to minimize waste generation. The integrated and sustainable management of these in our company combines the methods of collection, separation systems, recovery and utilization, for which several awareness campaigns and proper use of waste

segregation has been implemented. Currently, the practices of recycling and waste separation from the source or place where they are generated, are gaining strength and visibility in our society. We must add that our employees are committed to these actions, for environmental-ecological (saving natural resources to reinstate waste in industrial processes) and economic reasons (reduced costs of collection, transportation and final disposal).

0

20

40

60

80

100

18%

82% 61%

Recycled

Non-Hazardous Hazardous

39%

Unrecycled

Waste Managment

1.8. WASTE MANAGEMENT

G4-EN23


Non-hazardous waste detail Generated (t) %Recycled (t)

2.80163.73

1,812.32429.74225.29

5,360.132,328.42

10,322.43

Plas�c bo�lesPapers and cardboards

Inorganic non-recyclableTires

WoodMetal waste (junk)

Organics (food waste)

TOTAL NON-HAZARDOUS WASTE

2.80148.39

0.00429.74220.29

5,360.132,328.42

8,489.77

100.0090.630.00

100.0097.78

100.00100.00

82.25

Recycled organic wastes are used in our Revegetation Program. These are taken to the composting plant until obtaining compost, where is screening and bagging. Failing that, enters to the worm farming process until worm humus is obtained. The non-compostable waste is disposed at the mine landfill or “Botadero Este de Residuos”.

Cardboard, paper and plastic bottles waste (PET) is packed and baled for storage and market them through a Solid Waste Trading Company (EC- RS), so that they are recycled in an approved plant. Scrap waste, tires, HDPE (High Density Poliethylene) and rubber waste are segregated independently, stored and reused internally or sold through EC- RS for recycling in approved facilities. Meanwhile, small waste and useless bits are arranged in our mine authorized landfill.

Waste packaging timber is segregated from others, conditioned, unarmed and classified for its later reuse/recycling within the mine. In addition, scrap is disposed in the mine landfill. Finally, non reusable inorganic wastes are disposed of in an authorized landfill mine.

Non-hazardous waste

Recoverable waste

Organic:

Paper and cardboard:

Glass:

Plastic Bottles (PET)

Metal

Biodegradable waste for composting: food waste without their plastic packaging and wraps, as skin fruits, tea, food scraps, etc.

Paper and cardboard recyclable waste, packaging remains unarmed and compacted.

Glass or crystal recyclables, like vases, jugs, cups or laboratory equipment.

Botellas de gaseosa que no estes contaminadas con thinner, aceite u otro material peligroso.

Recyclable material such as metal cans, small scrap, aluminum foil, tools, etc.

G4-EN23

Aprovechables

Residuos orgánicos:

Residuos de papel y cartón:

Residuos de vidrio:

Residuos de botellas plásticas PET:

Residuos metálicos:

Residuos biodegradables para el

compostaje como restos de alimentos sin sus empaques plásticos ni

envolturas, como cáscaras de frutas,

infusiones, restos de comida, etc.

Restos reciclables de papel y cartón. Restos de embalaje

desarmados y compactados.

Residuos reciclables de vidrio o cristal como vasos, jarras, copas o material de laboratorio.

Botellas de gaseosa que no estes contaminadas con thinner, aceite u otro material peligroso.

Material metálico reciclable como latas, chatarra pequeña, papel

aluminio, herramientas, etc.


Mineral and vegetable oil used, as well as antifreeze, are individually stored in mine and then market them through an EC- RS, who dispose of them in recycling plants authorized by DIGESA. The used car batteries are stored independently of other hazardous waste. They are then marketed through an EC- RS for recycling in companies authorized for that purpose.

Fluorescent and energy saving light bulbs are segregated and separated from other hazardous waste to be treated and remove its danger in the Patio Waste by crushing, filtration and adsorption of components in activated carbon filters using certified equipment. The hydrocarbon contaminated soil is disposed in the soil remediation field to be treated with hydrocarbon degraders’ products (Biosolve). After demonstrated

Hazardous waste

Hazardous waste detail Generated (t) %Recycled (t)

1,614.1151.9149.132.097.72

703.97207.82150.86

2.585.431.04

111.76

2,908.41

Oil used to LimaAn�freezeBa�eries

BiomedicalBags with chemicals (CuSO4)

Hydrocarbons Materials Chemical and special materials

Packaging with CyanideFluorescents

Ba�eriesThonners

Hydrocarbons land

TOTAL HAZARDOUS WASTE

1,614.1151.9149.13

07.72

00000

1.0452.14

1,778.62

100100100

0100

00000

10046.65

61.15

its safety, is reused as organic soil or fill material (landfill) as appropriate.

The used oil filters are compacted to reduce its volume and disposed towards a landfill outside the mine. Also, rags, cardboard, bags and personal protection equipment contaminated with hydrocarbons as well as big bags, are separated according to the color code for segregation of waste. These items are packed in the yard waste and are compacted with a hydraulic press to reduce its volume. Subsequently they are lead to a secure landfill outside the mine.

Finally, other hazardous wastes are stored in the patio waste to be routed to a secure landfill outside the mine.

G4-EN23


TRASLADO DE CONCENTRADOS DE MINERAL


Closure Plans (CP) are another environmental management tool for Antamina. These are shown conceptually in environmental impact studies that are regulated by the Peruvian State. In this document, the activities to be developed are identified to close the various mine facilities based on a schedule, which can range from a stage of gradual closure to the post closure. Additionally, the closure costs involved are detailed, which are subsequently declared and granted the government as a financial guarantee to when the operation is completed.

For the closure plan, Antamina operations are divided into the following elements:

• Open pit mine

Waste Dump (Millions of tons) Relave (Millions of tons)

1019 328 447

Botadero Este Botadero Tucush

Clousure plans

1.9. CLOSURE PLANS

• Processing Facilities (crusher, tunnel, belts, batteries and hub)• Facilities for handling waste (tailings dam and ginned disposal)• Water management Facilities• Loan material piles (i.e.topsoil piles)• Supporting Infrastructure (camps, workshops, offices, pipeline, power lines, port facilities, etc.)

All these areas have a single closure plan approved by the Ministry of Energy and Mines.MM3 Until the end of 2014, Antamina has deposited waste material and its tailings in their waste dumps and Tailings dam, as shown in the following table:

MM10

• Reduce the potential for long-term erosion that may have environmental consequences• Reduce the potential for acid drainage and metal leaching• Retrieve the surface of land for a use consistent with the previous use or for a different purpose relevant to the objectives of the community or State• Meet the Class 3 irrigation water standards for receiving water body and maintaining the based flow in Ayash Gorge

Also, in order to ensure compliance with the obligations arising in the Closure Plan, Antamina has been the financial guarantee in the form of a Letter of Guarantee, which has an annual value of US$ 6,050,607.00 dollars by the year of 2029. The estimated amount for the progressive closure is US$ 93.95 millions of dollars, while for the final closure is estimated at US$ 65.97 millions of dollars. Meanwhile, maintenance and post closure monitoring amounted to US$ 36.10 millions of dollars.

For the specific case of stacks of low-grade ore, the Closure Plan contemplates its reprocessing prior to closing. With this, any concerns about the geochemical effects in the long run, were removed.

Regarding the physical stability, the stability factors that minimize subsequent maintenance requirements in the long run will be ensured.

MM10 The closure plan has the following objectives:

• Comply with national legislation and obligations under the Environmental Impact Assessment (EIA) regarding mine closure• Minimize the care and maintenance requirements in the long term• Ensure the physical stability of the facility bearing a relation to the potential risk

MM10

OUR SUSTAINABILITY REPORT 2014


In preparing this report, we conducted a process of defining material aspects and its coverage as indicated in the Application Manual of the Guide for the Preparation of Sustainability Reports G4 version of the Global Reporting Initiative, for which all content aspects were assessed.

While our company does not have a formal practice of external assurance for the preparation of this report, we have relied on the advice of the Company Estrategia Consultores, which has provided all technical and advisory support for this report to meet the principles of quality and content required by the GRI methodology.

EXTERNAL

INTERNAL

DIAGNOSTIC

PREPARATION VERIFICATION ANALYSIS OF

IMPROVEMENT OPPORTUNITIES

PUBLISHING

CONTENT ELABORATION REPORT NEW CYCLE

PRINCIPLES FORDEFINING REPORT

CONTENT


QUALITY

COVERAGE GUIDANCE

MATERIALITY VALIDATION RECOMPILATION DATA ANALYSIS

CONTENT ELABORATION INTERNAL EXTERNAL

Sustainability Report Preparation Process

G4-33


It should be noted that there have not been significant changes from previous reporting periods in the scope, boundary, or valuation methods applied in the report. Nor is there a re- expression data from previous reports.

EXTERNAL

INTERNAL

DIAGNOSTIC

PREPARATION VERIFICATION ANALYSIS OF

IMPROVEMENT OPPORTUNITIES

PUBLISHING

CONTENT ELABORATION REPORT NEW CYCLE


CONTENT


QUALITY

COVERAGE GUIDANCE

MATERIALITY VALIDATION RECOMPILATION DATA ANALYSIS

CONTENT ELABORATION INTERNAL EXTERNAL

Sustainability Report Preparation Process

G4-20 G4-22G4-21 G4-23


ANALYSIS PART DEFINITION DOCUMENTS

Corporate strategies and risk assessment

Sustainability reports of similar companies, aligned to GRI G4 version

Commitments, regulatory and voluntary requirements related to social responsibility in the sector

Issues that stakeholders consider important

Review of standards and guidelines with which focuses its performance with society

•Risk records: risks considered in all areas

•Antofagasta Mining•Codelco•Hudbay•Pan American Silver

•Corporate Policies Manual Document

•Health and Safety, Environment, Community Rela�ons and Human Rights Policies

•Environmental Management System Manual

•Strategy Documents: Antamina Cons�tu�on Act, Core Values, among others.

•Ins�tu�onal Image•Press

•Sustainable Development Plan•Mul�-Stakeholder

Interven�on Model•Ethics Hotline and Code of

Conduct•World Pact

158.58

Financing Impacts

Peer Organiza�ons Analysis

Policies related to the sector

Stakeholders Expecta�ons

Social Norms

PRIORITIZATION: For this process, 46 aspects were evaluated through the 5 parts test proposed by AA1000AS from the AccountAbility Organization, resulted in 32 material aspects, which went through a process of validation by the Vice President of Corporate Affairs.

IDENTIFICATION: During the analysis process, 46 potentially relevant aspects were identified for Antamina SA Mining Company. An internal and external diagnosis supported by the Company Estrategia Consultores and several communications with all company management was completed.

G4-18


VALIDATION: Alll material aspects passed through a validation process by the Corporate Communications Department.

G4-18

Each of these aspects and its indicators belonging to our Conformity - Essential report option, are reported along herein.

Stak

ehol

ders

Ana

lysi

s

Economic, Social and Environmental Impacts Analysis

Market presence

Products compliance

Unfair competition

Marketing communicationsCustomers Health and Safety

Indirect economic impactsComplianceEconomic performanceNon discriminationProcurement practices

Indigineous RightsSuppliers Assessment for Impacts on SocietySuppliers Assessment for Labor PracticesEqual Remuneration for Men and WomenFreedom of Association and Collective BargainingPublic PolicyForced or Compulsory Labor

Child Labor

WaterTraining and EducationLocal CommunitiesComplianceEqual Opportunities and DiversityEffluents and WasteEmissionsEmploymentEnergyAnti-CorruptionGrievance Mechanisms (Environment)Grievance Mechanisms (Human Rights)Grievance Mechanisms (Social Impacts)Health and SafetyBiodiversitySocial AssessmentMaterials UseSafety MechanismsEnvironmental matters (transport)

Products and services LabelingSupplier Environmental AssessmentSuppliers Assessment in Human RightsSocial InvestmentGrievance Mechanisms for Labor PracticesCustomers PrivacyRelationship between Workers and Management

Products and ServicesEnvironmental General Aspects


ECONOMIC

ENVIRONMENT

SCOPECOVERAGE

CATEGORYINTERNAL EXTERNAL

Economic performance

Aquisi�on prac�ces

Indirect economic consequences

Materials

Energy

Water

Emissions

Biodiversity

Efluents and waste

Regulatory compliance

Transport

Environmental assessment of suppliers

Grievance mechanisms in environmental ma�ers

Employment

Health and Safety at work

Training and educa�on

Diversity and equal opportuni�es

Suppliers labor prac�ces assessment

Equal compensa�on for men and womenFreedom of associa�on and collec�ve bargaining

Forced Labor

Trabajo infan�l

Security measures

Grievance mechanisms in Human Rights

Local communi�es

Indigineous people’s rights

Fight against corrup�on

Regulatory compliance

Public Policy

Suppliers social repercusion assessment

Grievance mechanisms for social impacts

SOCIAL PERFORMANCE

labor prac�ces

and decent work

SOCIAL PERFORMANCE

Human Rights

SOCIAL PERFORMANCE

Society

G4-19 G4-20 G4-21


CONTENTINDEX

G4-13: Significative changes:There has been no change in the structure or the amount of social capital.

G4.EN24: Total number and volume of significant spills: It has not been reported in the period.

G4-EN29: Monetary value of significant fines and number of non -monetary sanctions for noncompliance with environmental laws and regulations:Three violations for a total of two hundred sixty four thousand seven hundred and 00/100 Nuevos Soles and two concerning non-monetary corrective measures on the findings.

MM4: The number of strikes and lockouts exceeding one week:Two strikes from Sutracomasa (Union of Workers of Antamina Mining Company). Only one of them exceeded one week.

G4-LA7: Workers whose profession has a high incidence or risk of disease:No reported occupational diseases in the period.

G4-HR3: Number of discrimination cases and taken corrective measures:There have not been incidents of discrimination in the period.

MM5: Operations adjacent to indigenous territories:No indigenous people around the mine.

G4-HR8: Number of indigenous people violation rights cases and actions taken: No cases have been reported in the period.

G4-HR9: Number and sites percentage that have been subject of examinations or assessments on human rights impacts:To complement our management system claims, in 2014, a process of risk assessment was initiated on human rights based on the standard of the Voluntary Principles of the United Nations, which does not yet have data available on this topic.

G4-HR12: Number of human rights complaints that have been filed, addressed and resolved through formal grievance mechanisms:Antamina is developing a management system to identify and reduce risks of violation of human rights in a cross-cutting way in the entire organization. However, in reviewing our current system of claims, we have no reported cases of this kind in the period.

MM8: Number and percentage of areas in which the company operates where there are activities of artisanal and small-scale mining, or occur in communities adjacent to the company as well as the associated risks and the actions taken to manage and mitigate these risks.Annex 2

G4-SO8: Monetary value of significant fines and number of non -monetary sanctions for noncompliance with laws and regulations:Two health and safety violations totaling twelve thousand eight hundred and eighty-six thousand and 00/100 Nuevos Soles and a socio labor infringement of seven hundred and sixty thousand and 00/100 Nuevos Soles.


ANNEX 1: SPECIES IDENTIFIED IN OUR PROCESS OF BIOLOGICAL MONITORING

Gynoxys caracensisLepidium kalenbornii

Ranunculus macropetalusBomarea al�montana

Barnadesia dombeyanaDraba alchemilloides

Weberbauera perforataLupinus weberbaueriGen�anella incurva

Gen�anella thyrsoideaGen�anella weberbaueri

Nototriche pinnataBrachyotum naudiniiCalceolaria linearisSymplocos sandiae

Austrocylindropun�a floccosaBuddleja coriacea

Chuquiraga spinosaEphedra rupestrisPolylepis incana

Polylepis weberbaueriValeriana cumbemayensis

Flora Species DS 043-2006-AG UICN CITES Endemic

--

CR-------------

CRNTCRCRVUCR

---------------

LC--

LCVUVU-

---------------

AII------


ANNEX 2

GynHippocamelus an�sensisPodiceps occipitalis

Fulica giganteaRhinella spinulosa

Gastrotheca peruanaTelmatobius carrillae

Liolaemus chavin

Fauna Species DS 004-2014-AG UICN Endemic

VUNTNT----

VULCLCLCLCVU-

CR: Critically Endangered; NT: Near Threatened; VU: Vulnerable; DD: Insuficient Data; EN: Endangered; CITES: Convention on International Trade in Endangered Species of Wild Fauna and Flora; IUCN: International Union for Conservation of Nature

There is a small non-metallic mining operation (lime explotation), which is done informally. In this zone 5 people work, the owner of the operation is Mr. Guillermo Pajonero Quispe.

This operation is located at 285468E, 8943855N coordinate at an altitude of 4,351 meters above sea level, at km 23.5 of Mine-Llata access. Also, it is in our mining concession ANTA 25.

From the observed, there is no environmental risk for the use of mercury. With regard to social risks, it has not been identified, as they are residents of Llata and are located in its jurisdiction. While the lime dust can cause severe irritation, these have not been evaluated by the people who are operating. By Antamina’s side, there has been no action to date nor has been placed a control to the risks



CONTENTINDEX GRI


GRI Content Index

STRATEGY AND ANALYSIS

REPORT PAGE

Statement from the most senior decision-makerDescrip�on of key impacts, risks, and opportuni�es

G4-1G4-2

629

Name of the organiza�onPrimary brands, products, and servicesLoca�on of the organiza�on’s headquartersCountries where the organiza�on operates, and where the organiza�on has significant opera�onsNature of ownership and legal formMarkets servedScale of the organiza�onTotal number of employeesPercentage of total employees covered by collec�ve bargaining agreementsDescrip�on of the organiza�on’s supply chainSignificant changes during the repor�ng period regarding the organiza�on’s size, structure, ownership, or its supply chain

Precau�onary approach

List of externally developed economic, environmental and social charters, principles, or other ini�a�ves to which the organiza�on subscribes or which it endorses

Memberships of associa�ons (such as industry associa�ons) and na�onal or interna�onal advocacy organiza�ons

G4-3G4-4G4-5G4-6

G4-7G4-8G4-9

G4-10G4-11G4-12G4-13

G4-14G4-15

G4-16

22 – 9 – 14 - 16

6 -7 - 9

912

9 - 169 - 38

4312 - 13 - 14 - 15 - 16 - 38 - 47

628

22

ORGANIZATIONAL PROFILE

IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES

No significa�ve

changes

List of all en��es included in the organiza�on’s consolidated financial statements or equivalent documents. Report whether any en�ty included in the organiza�on’s consolidated financial statements or equivalent documents is not covered by the reportExplain the process for defining the report content and the Aspect Boundaries. Explain how the organiza�on has implemented the Repor�ng Principles for Defining Report Content

List of all the material Aspects iden�fied in the process for defining report content

Aspect Boundary within the organiza�on for each material AspectAspect Boundary outside the organiza�on for each material AspectEffect of any restatements of informa�on provided in previous reports, and the reasons for such restatementsSignificant changes from previous repor�ng periods in the Scope and Aspect Boundaries

G4-17

G4-18

G4-19

G4-20G4-21G4-22

G4-23

17

82 - 83

84

81 – 8481 – 84

81

81

No

No

No

No

No

No

NoNo

No

No

No

No

No

No

No

No

No

No

No

No

No

No

No

EXTERNAL COMPLIANCE


List of stakeholder groups engaged by the organizaonBasis for idenficaon and selecon of stakeholders with whom to engageOrganizaon’s approach to stakeholder engagement, including frequency of engagement by type and by stakeholder group, and an indicaon of whether any of the engagement was undertaken specifically as part of the report preparaon process.Key topics and concerns that have been raised through stakeholder engagement, and how the organizaon has responded to those key topics and concerns, including through its reporng. Report the stakeholder groups that raised each of the key topics and concerns

G4-24G4-25G4-26

G4-27

Reporng period Date of most recent previous reportReporng cycleContact point for quesons regarding the report or its contents

Report the ‘in accordance’ opon the organizaon has chosen, GRI Content Index for the chosen opon, and the reference to the External Assurance Report, if the report has been externally assured

Organizaon’s policy and current pracce with regard to seeking external assurance for the report

G4-28G4-29G4-30G4-31

G4-32

G4-33

920 - 13

2

80

212020

21

STAKEHOLDER ENGAGEMENT

REPORT PROFILE

GOVERNANCE

ETHICS AND INTEGRITY

Annual

In accordance - Core

Report hasn't been validated

externally

Estructura de gobierno de la organización, sin olvidar los comités del órgano superior de gobiernoDescriba los procesos mediante los cuales el órgano superior del gobierno previene y ges�ona posibles conflictos de intereses

G4-34

G4-41

9 – 27 - 28

80

Descrip�on of the organiza�on’s values, principles, standards and norms of behavior such as codes of conduct and codes of ethics

Internal and external mechanisms for seeking advice on ethical and lawful behavior, and ma�ers related to organiza�onal integrity, such as helplines or advice lines

Internal and external mechanisms for repor�ng concerns about unethical or unlawful behavior, and ma�ers related to organiza�onal integrity, such as escala�on through line management, whistleblowing mechanisms or hotlines

G4-56

G4-57

G4-58

18 - 19 -23 - 30 -31 - 34 - 35

31

31

GRI Content Index REPORT PAGE EXTERNAL COMPLIANCE

No

NoNo

No

No

No

No

No

No

No

No

No

No

No

No


Direct economic value generated and distributedGeneral and specific indirect economic consequencesDevelopment and impact of infrastructure investments and services supportedSignificant indirect economic impacts, including the extent of impacts

G4 – EC1DMA

G4-EC7G4-EC8

General Economic consequencen and other risks and opportuni�es to the ac�vi�es of the organiza�on derived from the climate changeEnergy consump�on within the organiza�onEnergy intensityReduc�on of energy consump�onGeneralTotal water withdrawal by sourcePercentage and total volume of water recycled and reusedGeneral and specific: BiodiversityHabitats protected or restoredDirect greenhouse gas (GHG) emissions (Scope 1)Energy indirect greenhouse gas (GHG) emissions (Scope 2)General, specifics and wasteTotal water discharge by quality and des�na�onTotal weight of waste by type and disposal methodTotal number and volume of significant spillsMonetary value of significant fines and total number of non-monetary sanc�ons for non-compliance with environmental laws and regula�onsGeneral Transporta�onSignificant environmental impacts of transpor�ng products and other goods and materials for the organiza�on’s opera�ons, and transpor�ng members of the workforceSpecific Mechanisms of Environmental ClaimsNumber of grievances about environmental impacts filed, addressed, and resolved through formal grievance mechanisms

1755 - 56

55 – 56 – 5758

GeneralTotal number and rates of new employee hires and employee turnover by age group, gender, and region

DMAG4-LA1

34 – 3840 – 44

ECONOMIC PERFORMANCE

ENVIRONMENTAL

SOCIAL PERFORMANCE: LABOR PRACTICES AND DECENT WORK

DMAG4-EN1

G4-EN3G4-EN5G4-EN6

DMAG4-EN8

G4-EN10DMA

G4-EN13G4-EN15G4-EN16

DMAG4-EN22G4-EN23G4-EN24G4-EN29

DMAG4-EN30

DMAG4-EN34

34 - 3562 - 63

64 - 65646466 66

66 – 6868 - 6968 - 69

7070

70 – 71 -7270

70 – 71 -738585

49

49

51

51 - 53


NoNoNo

No

No

No

No

NoNo

NoNo

No

NoNo

NoNoNo

NoNoNoNo

NoNo

No

No

No

No


Benefits provided to full-�me employees that are not provided to temporary or part-�me employees, by significant loca�ons of opera�on

Specific: Occupa�onal Health and SafetyType of injury and rates of injury, occupa�onal diseases, lost days, and absenteeism, and total number of workrelated fatali�es, by region and by genderWorkers with high incidence or high risk of diseases related to their occupa�onSpecific: Training and Educa�onAverage hours of training per year per employee by gender, and by employee categorySpecific: Diversity and Equal Opportunity Composi�on of governance bodies and breakdown of employees per employee category according to gender, age group, minority group membership, and other indicators of diversitySpecific: Equal Remunera�on for Women and Men Ra�o of basic salary and remunera�on of women to men by employee category, by significant loca�ons of opera�onGeneral and specific: Supplier Assessment for Labor Prac�cesSignificant actual and poten�al nega�ve impacts for labor prac�ces in the supply chain and ac�ons taken

G4-LA2

DMAG4-LA6

G4-LA7DMA

G4-LA9

DMAG4-LA12

DMA

G4-LA13

DMAG4-LA15

44

3545

454646

38

38 – 39 – 40

4242

4848

SOCIAL PERFORMANCE: LABOR PRACTICES AND DECENT WORK

SOCIAL PERFORMANCE: HUMAN RIGHTS

General: Non Discrimina�onTotal number of incidents of discrimina�on and correc�ve ac�ons takenSpecific: Freedom of Associa�on and Collec�ve BargainingOpera�ons and suppliers iden�fied in which the right to exercise freedom of associa�on and collec�ve bargaining may be violated or at significant risk, and measures taken to support these rightsGeneral: Child LaborOpera�ons and suppliers iden�fied as having significant risk for incidents of child labor, and measures taken to contribute to the effec�ve aboli�on of child laborGeneral: Forced or Compulsory LaborOpera�ons and suppliers iden�fied as having significant risk for incidents of forced or compulsory labor, and measures to contribute to the elimina�on of all forms of forced or compulsory laborGeneral: Security Prac�cesPercentage of security personnel trained in the organiza�on’s human rights policies or procedures that are relevant to opera�ons

DMAG4-HR3

DMAG4-HR4

DMAG4-HR5

DMA

G4-HR6

DMAG4-HR7

50

4848

4848

4848

5151

85


No

NoNo

NoNoNo

No

No

No

No

NoNo

No

NoNo

No

No

No

NoNo

No

No


Total number of incidents of viola ons involving rights of indigenous peoples and ac ons takenTotal number and percentage of opera ons that have been subject to human rights reviews or impact assessmentsNumber of grievances about human rights impacts filed, addressed, and resolved through formal grievance mechanismsGeneral and Specific: Local Communi esPercentage of opera ons with implemented local community engagement, impact assessments, and development programsTotal number and percentage of opera ons assessed for risks related to corrup on and the significant risks iden fiedCommunica on and training on an -corrup on policies and proceduresMonetary value of significant fines and total number of non-monetary sanc ons for non-compliance with laws and regula onsGeneral and Specific: Grievance Mechanisms for Impacts on SocietyNumber of grievances about impacts on society filed, addressed, and resolved through formal grievance mechanisms

51 - 54

51 – 54

32

32 - 33

5153

G4-HR8G4-HR9

G4-HR12

DMA

G4-SO1

G4-SO3

G4-SO4G4-SO8

DMAG4-SO11

SOCIAL PERFORMANCE: HUMAN RIGHTS

8585

85

85

Number and descrip on of significant disputes rela ng to land use Indicate how claims mechanisms were usedLoca ons where they have carried out reselementNumber and percentage of opera ons with mining closure plans Number of strikes and lockouts exceeding one weekOpera ons adjacent to indigenous territoriesNumber and percentage of areas where the company operates and tradi onal mining ac vi es are conducted

MM6MM7MM9

MM10MM4MM5MM8

51 – 52 - 5351 – 52 - 53

5276 -77

4385

85


NoNo

No

No

No

No

No

No

No

No

NoNoNo

No

No

No

No

