ANTOFAGASTA MINERALS

The following are the mining division’s goals for 2017 and the extent to which they have been achieved.

GOALPERFORMANCECOMMENTS
Zero fatalities

Commitment
achieved

The Group had no fatal accidents in 2017. The frequency index (LTIFR = Lost time injury frequency rate) decreased to 1.0 and time loss due to accidents was also reduced.
Launch of the Diversity and Inclusion Strategy

Commitment
achieved

This was approved by the Board in 2017. It is a five-year programme enabling the Group to achieve an inclusive culture and lead the mining industry in Chile on Diversity and Inclusion issues.
GOALPERFORMANCECOMMENTS
Maintain the levels of copper production achieved in 2016

Commitment
achieved

Copper production in 2017 of 704,300 tonnes of copper was as planned, just 0.7% lower than in 2016, despite lower grades at our two main operations.
End the year with a solid financial performance and achieve the savings targeted in the Cost and Competitiveness Programme (CCP)

Commitment
achieved

Good economic performance in 2017 with cash flow from operations increasing by 71.2% and our EBITDA margins returning to over 50%.
Advance Group’s development plans

Commitment
achieved

At Centinela, production started at Encuentro Oxides project and the molybdenum plant was commissioned during the year. At the beginning of 2018, we received environmental approval for Los Pelambres’ Incremental Expansion project.

 

For more information on our financial performance, please see Antofagasta plc’s 2017 Annual Report and Financial Statements Reports

GOALPERFORMANCECOMMENTS
Zero production time lost due to accidents

Commitment
achieved

No production time was lost due to accidents in 2017.
Consolidate and move forward with our engagement process at our operations in the north of Chile

Commitment
achieved

We have developed the Diálogos para el Desarrollo programme to improve relations between our three sites in the northern and Antofagasta regions and the local communities. We are also participating in local development alliances and initiatives, such as the public-private platform CREO Antofagasta.
GOALPERFORMANCECOMMENTS
Zero incidents with environmental impact

Commitment
achieved

There were no incidents during 2017.
Implement and publicise the Environmental Management Model

Commitment
achieved

In 2017, we implemented the new Environmental Management Model to achieve excellence in this area. This was reflected in zero incidents during the year and strict compliance with environmental requirements. The model was rolled out to the whole organisation.
Establish climate change goals

Commitment
achieved

We are committed to reducing greenhouse gas emissions, with a reduction of 300,000 tonnes of CO2 emissions during the five-year period 2018-2022 compared to the tonnage forecast in the Base Case 2017.
GOALPERFORMANCECOMMENTS
Implement the Sustainability Policy throughout the organisation

Commitment
achieved

The Policy was approved by the Board in April 2017. We have since implemented a programme to ensure that it is complied with by all of the Group's operations and by head office.
Ensure compliance with the UK Modern Slavery Act

Commitment
achieved

In accordance with the United Kingdom Modern Slavery Act (2015), the Group has published a statement of the steps it has taken to ensure that its supply chain and all parts of its business are not engaging in slavery or people trafficking. The statement is available at www.antofagasta.co.uk.

 

FCAB

The following are the goals defined by the transport division for 2017, and the degree to which they have been achieved.

GOALPERFORMANCECOMMENTS
Zero fatal accidents

Commitment
achieved

There were no fatalities during 2017. The lessons learned from safety incidents occurring in 2017 were shared with all levels of the organisation.
Strengthen Leadership and Management Practice

Commitment
achieved

During 2017, FCAB initiated the Ruta del Líder leadership programme for executives and supervisors with staff reporting to them. It was attended by 167 employees, who spent six months learning about the Company's leadership model. The programme will be repeated in 2018 for supervisors without staff reporting to them.
Increase employee incident reporting; aiming for 3,750 reports during the year

Commitment
achieved

By the end of the year 6,687 incidents and near-misses had been reported.
Frequency Index of 3.25 and Seriousness Index of 80

Commitment not achieved

The Frequency Index in 2017 was 7.3 and the Seriousness Index 156,7.
GOALPERFORMANCECOMMENTS
Win additional business

Commitment
achieved

In 2017, FCAB entered into a contract to transport copper concentrate by rail in sealed containers from Codelco’s Chuquicamata mine to the port of Mejillones.
Submit the Los Arrieros Bimodal Sulphuric Acid and Copper Cathode Transfer Terminal (cargo hub) DIA1

Commitment
achieved

On 5 October 2017 FCAB submitted the DIA to the Environmental Authorities, who are now considering the statement.

 

1 An Environmental Impact Statement

For more information on our financial performance, please see Antofagasta plc’s 2017 Annual Report and Financial Statements 2017 Annual Report

GOALPERFORMANCECOMMENTS
Zero incidents with significant social impact

Commitment
achieved

No such incidents occurred during 2017.
Set up a project in partnership with local municipalities

Commitment
achieved

In 2017, we set up a project in partnership with the municipality of Mejillones, entitled Via Compartida, to plant trees in front of the local hospital. This was completed in December 2017. During the year, we also started the design and construction for a local project, Estación Boulevard, a project co-designed and agreed by FCAB, the municipality and social and educational entities in Calama. Work will begin in 2018.
Increase the scale of the Casa Abierta (open house) programme

Commitment
achieved

The 2017 target for this programme of 4,000 visitors to FCAB’s facilities in the region was exceeded by 1,600.
Expand the sponsorship programme

Commitment
achieved

The 2017 target was to sponsor four new voluntary groups and the actual figure was six.
Community roundtables

Commitment
achieved

The target for 2017 was to set up four new roundtables and we established six.
GOALPERFORMANCECOMMENTS
Zero incidents with significant environmental impact

Commitment
achieved

There were no incidents during 2017.
Conducting audits associated with the Clean Production Agreement (APL).

Commitment
achieved

The two audits were completed during 2017 with FCAB achieving full compliance.
GOALPERFORMANCECOMMENTS
Implement the Sustainability Policy throughout the organisation

Commitment
achieved

The Policy was approved for the Group by the Board in April 2017.
Ensure compliance with the UK Modern Slavery Act

Commitment
achieved

In accordance with the United Kingdom Modern Slavery Act (2015), the Group has published a statement of the steps it has taken to ensure that its supply chain and all parts of its business are not engaging in slavery or people trafficking. The statement is available at www.antofagasta.co.uk.

 

Reporting

Annual Report 2017

Reporting

Sustainability Report