Tag Archives: The Copper Mark

Freeport-McMoRan adds Grasberg to Copper Mark-approved sites

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Freeport-McMoRan has achieved the Copper Mark at all 12 of its copper producing operations globally after adding its 48.76%-owned Grasberg mine, in Indonesia, to the lineup.

The Copper Mark is an assurance framework to promote responsible production practices for copper, built on the vision of improving practices across the whole industry over time. Its participants commit to fully meet the Copper Mark’s standards within two years of signing up to the assurance process and to continuously strengthen practices as these standards continue to be updated to align with increasing stakeholder expectations on environmental, social and governance (ESG) issues.

The Copper Mark seeks to promote transparency and accountability of its participants in general and especially in the case where a participating site manages complex issues that have significant environmental or social impacts. PT-FI Grasberg, the operating entity for Grasberg, owned 48.76% by Freeport and 51.24% by PT Inalum and PT Indonesia, operates a riverine tailings management system which the Copper Mark recognizes as one such issue.

In addition to the Copper Mark advances, Freeport’s two primary molybdenum sites, the Climax and Henderson operations in USA, were awarded the Molybdenum Mark.

The extensive, independent on-site assessment of PT-FI Grasberg confirmed the site’s conformance with the current Copper Mark expectations and standards, including the Interim Tailings Guidance, which requires all participants to implement the Global Industry Standard for Tailings Management, where applicable, and also specifies the expectations for riverine, ocean and lake tailings systems.

The Copper Mark is also developing additional guidance for any participating sites identified as having significant long-term environmental or social impact issues. Once finalised, PT-FI Grasberg will be required to demonstrate conformance with these additional requirements through onsite third-party assurance.

Executive Director of the Copper Mark, Michèle Brülhart, said: “We congratulate Freeport-McMoRan for achieving the Copper Mark at all of its copper operations globally and we are thrilled to see the company continue its commitment to demonstrating its responsible production practices with its two primary molybdenum sites to receiving the Molybdenum Mark.

“We recognise the significant impacts caused by the riverine tailings system at PT-FI Grasberg. During extensive discussions in 2021, the Copper Mark considered available standards and guidance on how to manage riverine, ocean and lake tailings systems. We believe it is essential to engage with copper producers operating in complex environments with a view to increase transparency and provide independently verified information on how sites prevent, minimize and remedy negative impacts.”

Schneider Electric joins the Copper Mark’s responsible production framework

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The Copper Mark, an assurance framework set up to promote the responsible production of copper and demonstrate the copper industry’s commitment to the United Nations Sustainable Development Goals of green resource transition, has been joined in this commitment by Schneider Electric, a leader in the digital transformation of energy management and automation.

Schneider Electric is committed to sustainable and responsible material sourcing, with copper being a vital raw material in its supply chain. Schneider’s products and solutions help its customers be more sustainable, and the company says it is leading by example working to be more sustainable in its own operations.

With this addition, the Copper Mark has reached 19 industry partners.

Michèle Brülhart, Executive Director, The Copper Mark, said: “We are delighted to welcome Schneider Electric as our newest partner. This partnership will help the Copper Mark to promote and raise awareness around responsible business practices within the digital sector, working with their leaders and suppliers to improve understanding around ESG standards more effectively.”

Daniel W Bartel, Chief Procurement Officer, Global Supply Chain, Schneider Electric, said: “The Copper Mark and Schneider Electric share the same goal to accelerate responsible material sourcing for metals. In particular, Schneider Electric has committed to increase ‘Green Materials’ in products to 50% by 2025. We look forward to engaging further with the Copper Mark to encourage our suppliers to participate in the Copper Mark Assurance Process and aim collectively at responsible copper production.”

Antucoya becomes Antofagasta’s third operation to achieve The Copper Mark

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Antucoya has joined the Centinela and Zaldívar operations in becoming the third Antofagasta operation to obtain The Copper Mark, with the Los Pelambres mine expected to follow suit.

After voluntarily completing a self-assessment process and then undergoing an independent audit, Antucoya was granted the mark, becoming the ninth mine in Chile and the 29th in the world to receive The Copper Mark.

“We are very pleased to continue to make progress towards achieving our goal of obtaining The Copper Mark at all our operations,” Iván Arriagada, CEO of Antofagasta plc, said. “In 2021, Centinela and Zaldívar received it, now Antucoya has, and we hope that soon Los Pelambres will also receive it.”

The Copper Mark offers workers, investors, copper end-users and communities a simple and credible way to verify that a company has sustainable practices, based on the UN Sustainable Development Goals (SDGs). The accreditation process includes on-site audits where a company has to demonstrate compliance with 32 criteria over five categories: business and human rights, community, labour and working conditions, environment and governance.

Having granted Antucoya this seal, The Copper Mark will conduct another review within 12 months, and then, every three years thereafter, it will carry out new evaluations to certify compliance with all the criteria included in the certification.

Leonardo González, Antucoya’s General Manager, added: “We are very proud to obtain this seal just days after celebrating our fifth anniversary as a company. People, sustainability and transparency are paramount to the way we produce copper and develop mining for a better future.”

The International Copper Association (ICA) began work on The Copper Mark initiative in 2017 in response to growing demands from investors, banks, suppliers and NGOs for information on the environmental, social and governance performance of copper producers. The Copper Mark has been independent of the ICA since December 2019.

Another six mining operations apply for ‘The Copper Mark’

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The Copper Mark, the assurance framework to promote responsible practices and demonstrate the copper industry’s contribution to the United Nations Sustainable Development Goals, has added six new participating sites to its pending list of mining operations to have achieved its Assurance Process.

Five of the six operations are US mines majority owned by Freeport-McMoRan, namely Bagdad, Chino, Tyrone, Safford (pictured, the Lone Star project) and Sierrita. The sixth is Compañía Minera Condestable SA in Peru, owned by Southern Peaks Mining.

These sites are now beginning the process of assessment based on the Copper Mark’s Assurance Process, The Copper Mark said, adding that the total number of participating sites is set to grow to 23 with these new additions.

To receive the Copper Mark, copper producers must be assessed independently against a comprehensive set of environmental, social and governance criteria on a site-by-site basis. The Copper Mark was originally founded and developed by the International Copper Association, in conjunction with various stakeholders including financial institutions, commodities exchanges, non-governmental organisations, original equipment manufacturers and copper fabricators. The Copper Mark now is an independent entity and builds on the advice of its multi-stakeholder advisory council.

The Copper Mark also added two new fabricator partners to its list of industry partners, with Nexans and Halcor both joining as partner organisations that use or rely on copper in their businesses and have made a public commitment to the Copper Mark’s vision and objectives of promoting responsible copper production.

Michèle Brülhart, Executive Director of the Copper Mark, said: “We are delighted to secure new partners in Nexans and Halcor, both of which recognise the vital importance of the sustainable production of copper, both for the local communities within which the copper industry operates and for the wider green transition.

“The addition of six new participating sites from our long-standing partner Freeport-McMoRan and our new participant Southern Peaks Mining will enable us to build further on the momentum and progress made by the Copper Mark last year in working to embed responsible production practices within the copper industry.”

Kathleen Quirk, President and Chief Financial Officer of Freeport-McMoRan, said: “We are proudly committed to the Copper Mark. Responsible production is central to Freeport’s strategy of being foremost in the global copper industry. The Copper Mark helps to demonstrate our responsible production practices to all of our stakeholders. Copper plays an essential role in the technologies necessary to develop and deliver clean energy. As one of the world’s largest copper producers, we understand we play a critical role in the global energy transition, and we are dedicated to supplying the global economy with responsibly produced copper.”

Adolfo Vera, President of Southern Peaks Mining, said: “We are very proud to be part of the Copper Mark, as it emphasises our commitment to modern mining, relying on innovation, striving for social and environmental responsibility, and focused on the sustainable development of the industry for the benefit of our country. We believe that the Copper Mark is the new standard for world-class mining and would be thrilled to see more Peruvian companies adopting this standard. At SPM, we work hard in following a path to becoming a mining company recognised by our high standards. A mining company that generates an excess of well-being while aiming to cause little to no negative impact to the world.”