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Antofagasta commits to responsible copper standard

Centinela (pictured here) and Zald铆var mines will be the company鈥檚 first operations to adhere to the Copper Mark framework. (Image courtesy of )

Chilean miner Antofagasta (LON:ANTO) became on Monday the latest copper major to , a global standard that aims to hold the industry accountable to sensible practices.

Originally developed by the International Copper Association with input from a broad range of stakeholders, the framework assesses miners against a set of 鈥渞esponsible production criteria鈥 in line with United Nations鈥 sustainable development goals.

Antofagasta said that Centinela and Zald铆var mines will be the company鈥檚 first operations to adhere to the Copper Mark standards.

To be granted the certification, a copper miner must comply with 32 criteria relating to greenhouse gas emissions, safety and health, tailings management, biodiversity, business integrity, gender equality and human rights.

Once a producer obtains the Copper Mark, it must be independently assessed every three years to demonstrate continued compliance with all the criteria.

鈥淭his external independent review will help us to continue improving our responsible mining practices,鈥 Antofagasta鈥檚 vice-president of corporate affairs and sustainability, Ren茅 Aguilar, said in a media statement.

鈥淲e are working towards becoming leaders of sustainability in our industry and the Copper Mark is a further and important step forward in this journey.鈥

Also green

The London-listed miner, which has four copper operations in Chile, announced earlier this year that it planned to run its Centinela mine solely on renewable energy from 2022 onwards.

Antofagasta had previously signed a deal with Chilean electricity producer Colb煤n SA to power its Zald铆var copper mine, a 50-50 joint venture with Canada鈥檚 Barrick Gold, with renewable energy only.

The company, majority-owned by Chile鈥檚 Luksic family, one of the country鈥檚 wealthiest, had hoped to have Zald铆var fully converted to renewables this year. The global pandemic has delayed the plan.

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