Chile's El Teniente Mine Receives Copper Mark and Molybdenum Mark Certification

en.Wedoany.com Reported - El Teniente mine, operated by Chile's state-owned copper company Codelco, has obtained the Copper Mark and Molybdenum Mark certifications for responsible production following an independent on-site assessment, confirming that its operations meet the highest environmental, social, and governance (ESG) standards in the copper and molybdenum industry.

Unlike the initial certification cycle completed at the end of 2023, this certification marks the mine's successful validation under the new version of the Copper Mark Responsible Assurance and Certification Guide 3.0 (RRA 3.0). The new regulatory framework significantly enhances technical control levels, transitioning from a general reporting system to one comprising 33 standards and 171 specific requirements, posing greater challenges to operational management across the entire value chain.

Pablo Contreras, Codelco's Climate Action Manager, stated that obtaining the Copper Mark is both a recognition of Codelco's social and environmental performance and a business strategy requirement. Currently, the most important international markets, including the London Metal Exchange, require clear responsible production guarantees as conditions for cathode copper trading and financing. These marks ensure the company's competitiveness, copper traceability, and the trust of global customers and communities.

The external independent audit process comprehensively evaluated operations through on-site interviews with executives, employees, and members of surrounding communities. Among the 33 standards reviewed in this cycle, El Teniente achieved full compliance in the vast majority of dimensions.

According to the Copper Mark's management logic, the report identified two areas requiring improvement plans to close gaps and achieve full compliance. The mine has developed a roadmap with specific actions, timelines, and responsible institutional parties, which will be regularly audited and documented by accredited independent assessors.

The Copper Mark and Molybdenum Mark granted this time are officially valid for three years, extending through 2029.

Codelco's other seven mines—Andina, Ventanas, Salvador, Gabriela Mistral, Ministro Hales, Radomiro Tomic, and Chuquicamata—are simultaneously advancing their respective on-site assessments and audit processes to obtain the standard, in line with the company's timeline set for 2026.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com