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Sustainability
ESG Library
Sustainability Framework
Since becoming a publicly traded company in March 2021, Andean has focused on fostering sustainable and responsible operations, generating growth, and ensuring ethical and smart value creation for all stakeholders.
Andean is committed to growing and maintaining a positive and lasting legacy for all our partners. We understand the importance of maintaining our social license and know that our long-term success rests on ensuring the safety and wellbeing of our employees, protecting the environment impacted by our operations, and improving the socioeconomic position of our host communities.
In preparation for what we expect will be a long future in mining, we published a sustainability framework. Our goal is to build on this framework and develop an ESG strategy aligned with international standards.
Sustainability Objectives
To operate in a responsible manner and maintain our social license to operate, we have prioritized a number of objectives and are committed to strive for industry best practices in sustainable mining.
Formalising Silver Artisanal Mining in Bolivia
The following is an extract from an article written by Andean for the February 2023 LBMA edition of Alchemist
It is estimated that there are between 6,000 and 20,000 artisanal miners in the Cerro Rico today, most of whom are descendants of miners, artisan tradespeople, and indigenous labourers. They operate collaboratively in self-managed groups known as cooperatives, working more than 140 different mines on the mountain. Taking into account affiliates and downstream services to the cooperatives, it is approximated that more than 150,000 people are involved in artisanal mining on the Cerro Rico.
Since the passing of the mining code, progress has been made to make ASM activities safer and more environmentally responsible, and to bring ASM ore into the mainstream of Bolivia’s mineral output. Facilitating this endeavour is Empresa Minera Manquiri S.A. (Manquiri), a wholly owned subsidiary of Canadian public company, Andean Precious Metals.
To read the Andean’s full article published in the LBMA Issue No 108 click here.