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Sustainability Framework

2023 Sustainability Update
coming soon


ESTMA Reports

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.

Group 31INNOVATIONHEALTH & SAFETY EXCELLENCEOur goal is to create a safe and healthy working environment for our employees, contractors, consultants and visitors, and we aim for zero harm in the workplace. Identifying, assessing and eliminating potential risks.towards clean earth. We aim to align with internationalstandards and to transfer new high technologies through our business to impact the communities and physicals environments in which we work.GOOD CORPORATE CITIZENSHIPCOMMUNITIES & SOCIAL LICENCEWe aim to retain our social license to operate in Bolivia and to enhance the social and economic development of the communities associated with our operations. Andean will work with communities and other stakeholders to build strong relationships as part of operational practices.Our board and executive leadership team will promote the success of the company, for the benefit of its members, acting in good faith andtaking account of the interests of s takeholders and the environment. Business leadership is no longer just about profits.OPERATIONAL EXCELLENCEENVIRONMENTAL STEWARDSHIPAndean aims to practice good environmental stewardship through the sustainable use of resources, safeguarding the environment and ensuring the preservation of biodiversity. We seek good environmental management for present and future generationsOur industry is cyclical, and our goal is to build a business that can adapt to challenges and operate with margin during times of adverse metal pricing. We aim to do this by implementing an operational excellence framework.Andean’s policy on diversity and inclusion is a commitment to equality and the treatment of all individuals with respect. Diversity to us considers age, religious beliefs, cultural diversity, nationality, ethnicity, gender, sexual orientation, disabilities, socio-economic background and perspectives and experienceAndean strives for transparent financial reporting, in line with global standards, that we will hold ourselves accountable to. We will actively implement anticorruption and anti-bribery policies and procedures, and ensure that all stakeholders benefit from our business activitiesPEOPLE AND DIVERSITYPOLICIES & PROCEDURES
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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.

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