Hard Times: Our Strategy Against COVID-19

Our corporate culture, as well as our prompt capacity for organized response has allowed us to circumvent the challenges of the Coronavirus pandemic. Here are some of the highlights.

In mid-March, the government decreed a state of emergency due to the COVID-19 pandemic, forcing a mandatory confinement of the population and a shutdown of the economy, except for those industries considered essential. Mining was allowed to continue to operate limitedly, confined manner to its camps.

We decided to suspend the productive operations of our mining units, prioritizing the health of our staff and the adjacent population. The purpose was to design a comprehensive strategy to deal with the effects of the virus.

The model that would guide this process is based on our Sustainability Strategy and its three pillars:

1) ESG (Environmental, Social and Governance)

2) Generation of value through association (Partnership)

3) Long-term reliable supply

This model was put to test in a volatile scenario of extreme crisis, and has demonstrated not only structural solidity, but also adaptability; by serving as a guide for action and a source of resilience.

Clear priorities

We protect the health of our workers and stakeholders in our operations, guaranteeing the sustainability of our operations in the long term, through the following strategic lines based on the Minsur Sustainability Model:

  • Develop the most rigorous and detailed sanitary protocols in our mining units, based on the recommendations of the health authorities, and continuously updating them with permanent monitoring and scientific research.
  • Actively contribute to the health system in our areas of operation in an associated and coordinated manner with the competent authorities at the respective levels of intervention. This implies developing the capacities of the health systems, conducting planned social investment, and making our managerial capacity available to the authorities.
  • Proactively adapt –through innovation– our management system to crisis scenarios, guaranteeing efficiency in the achievement of goals and objectives.

In this way, the objectives were established, based on our sustainability axes, but adjusted to the context. That allowed us to develop the most rigorous and detailed nationwide sanitary protocols in our mining units and also actively contribute to the health system in our areas of operation, in an associated and coordinated manner with the competent authorities at the respective levels of intervention. Thus, we proactively adapt (innovate) our management system to crisis scenarios, guaranteeing efficiency in the achievement of goals and objectives.

Continuous work

Up to to this day, it has been possible to develop and implement effective health protocols in our operations –considered the most complete by specialists in the Health sector– which have made it possible to control Covid cases in our units. Due to this, the health of our workers and stakeholders was guaranteed, as well as Minsur’s long-term production capability, in a sustainable way.

In this way, Minsur consolidated itself as the company that showed the strongest active commitment and contribution in the regions where it operates (mainly Puno and Tacna) during the state of emergency.

This was achieved through essential contributions and donations such as oxygen plants, medical equipment and materials, health infrastructure, or humanitarian assistance. But it was also possible thanks to its capital contribution in logistical aspects (rapid procurement), know-how in strategic and operational management, mobilization of sectors and institutional actors, and promotion of good practices in health and citizen values ​​among its stakeholders.