Iron Extraction
Compañía Minera del Pacífico

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Chile is changing and CMP is changing with it. Today we must definitely review the different paradigms on which our culture has been based in recent decades. We must develop new ways to relate with the inhabitants of the communities in which the company is inserted, with new demands associated with their living conditions and that, in many cases, go beyond the commitments acquired in obtaining permits and licenses to operate.

General Manager interview
Francisco Carvajal

What are the priorities that CMP has established?

One of the main ones in 2019 was to start the continuous improvement of the quality of our processes, identifying in advance, and then managing with the utmost rigor, the risks that affect them.

Under this premise, in sustainability matters, the execution of the Environmental Compliance Program for our operations in the Huasco Valley stands out, as well as the execution of a portfolio of key operational and environmental projects. Also, to advance in strategies and plans that ensure the compliance of all the environmental obligations that the company has acquired for the favorable environmental qualification of its sites, as well as those voluntary measures committed with communities and authorities.

What are the main challenges ahead and how is CMP preparing for that future?

Substantial progress was made in the company’s operational and environmental projects, most notably the construction and implementation of the train unloading building at the Huasco Pellet Plant to enhance the mitigation of particulate matter emissions.

Along the same lines, fundamental projects should be named to move forward in emissions control in this same operation and for stopping the discharge of tailings in Ensenada Chapaco. These have made significant progress, either through obtaining their corresponding Environmental Qualification Resolutions (RCAs, for its acronym in Spanish) or through the development of early works, which has strengthened the continuity and sustainability of our operations.

With regard to our internal management, and through the risk management of the respective processes, important achievements were also made in updating the environmental control and occupational health and safety systems. This last aspect has been key for CMP, its workers and collaborators to be facing with high prevention standards the sanitary emergency due to COVID-19, which today affects so dramatically the country and the world.

What were the main developments and events in these priorities during 2019?

We are convinced that there is a promising future for CMP, its shareholders, workers, collaborators, customers and the communities we are part of. For this to be possible, we must successfully overcome immediate challenges such as, among others, the processes of environmental qualification - by the authorities - of projects such as the new deposit of filtered tailings on land for the pellet plant, the modification of the mining plan of Los Colorados Mine and the adjustments to the reception and shipment of mineral bulks, all in the commune of Huasco. Also, to successfully complete the replacement of the ore transportation pipeline between the Cerro Negro Norte Mine and the Punta Totoralillo Port, in the municipalities of Copiapó and Caldera, respectively; to advance in the construction of the new Puerto Cruz Grande in the municipality of La Higuera, and to maintain high levels of sustainability and efficiency in all our mining operations, plants, ports, additional infrastructure and open spaces for the community in the Atacama and Coquimbo regions, taking advantage of the attributes that guide the work of our company: Alignment, simplicity and discipline.

These aspirations will require us to behave and perform ethically and responsibly with our stakeholders and the environment. Especially with those who are most vulnerable or who are under the protection of special regulations, ensuring that the energy we invest in the value chain of our operations is also transformed into prosperity for those who will accompany us or be linked to the work of the company in a shared future.






Our performance in 2019

Corporate Governance and ethics

100%
of the directors are independent.

18
complaints on the Integrity Channel

1
female director.

We transformed our governance and renewed our management approach based on process risk management.

Trabajadores propios y contratistas

9%
of our own workers are women.

0
fatalities

0
own workers with occupational diseases.

1.2
of Frequency Rate.

99%
of our workers are unionized.

Environment


66%
of the water we use comes from the sea.

US$ 240
million in environmental investments as a result of the Compliance Program in Huasco.

The Pellet Plant filtered tailings on land dam project will enable the stopping of its disposal at sea.

Community


1,087
local suppliers (41% of total suppliers) and US$ 169 million in local purchases.

96%
of our workers come from the Atacama and Coquimbo regions.

2,631
suppliers make up the CMP value chain. 1,385 are SMEs, and 100% of them are covered by the Propyme Seal of timely payment.

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