PROMOTING SUSTAINABILITY
RESPONSIBLE SOURCING, we acknowledge that the mining, handling, processing, transportation and commerce of minerals have the potential to generate income, growth and prosperity, underpin livelihoods and encourage development; but also that these activities can contribute to adverse Environmental, Social and Governance (ESG) impacts.
We continuously work to reduce hazardous emissions, and to improve wastewater treatment, waste disposal and energy efficiency. We also focus on reducing polluting emissions at generating facilities.
The company has strong potential for sustainable development in the long term, relying on a profitable asset structure, operational efficiency, and a modern corporate governance system. Magallanes operates in accordance with the principles of social responsibility and sustainable development. We strive to meet the growing demand for energy while ensuring production safety and reducing environmental impact throughout the value chain.
PROTECTION OF THE ATMOSPHERE
Magallanes permanently monitors the quality of atmospheric air at the boundaries of the sanitary protection zones of the facilities. Monitoring is performed by independent accredited laboratories. The observations demonstrate that all indicators comply with the applicable legal requirements of the countries in which we operate.
Additional activities are performed at the facilities to improve the atmospheric air quality.
WATER ENVIRONMENT PROTECTION
The quality of water in the rivers near facilities is monitored by independent laboratories on a monthly basis. Pit waters are fed into the clarifiers through the pipeline system and after sedimentation of solids and trapping of foreign particles on the boom filters, they are released into water bodies.
CONSERVATION OF NATURAL SYSTEMS
Reclamation projects are available for all production properties. Land reclamation works are performed on an ongoing basis.
Our engagement in the responsible supply of minerals requires us to avoid causing or contributing to adverse ESG impacts through our own activities and the activities of our suppliers. It requires us to manage such impacts when they arise; and to seek to prevent or minimize such impacts, even if we have not directly caused or contributed to them.
Magallane’s Responsible Sourcing Program incorporates a number of key corporate policies and principles, as well as the recommendations of the OECD Due Diligence Guidance for Responsible Supply Chains (“OECD Guidance”).
