The world’s biggest copper miner, Chile’s government-owned Codelco, invested $112-million in sustainability last year. The figure includes $54-million spent on environmental management and $58-million on safety.
“It does not only matter the amount of resources we give, it is also important the way we do so,” Codelco president José Pablo Arellano said during the event.
The Chilean government is also considering a new corporate governance law for Codelco, to modify and modernise the way the company is run, and Mining Minister Santiago Santiago Gonzalez urged Parliament to approve the law “as soon as possible”.
The modernisation project is expected to include a $1-billion capitalisation for new investments and result in the creation of some 12 000 jobs.
