Sustainability Report - Antofagasta PLC

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Antofagasta plc Sustainability Report 2011
Sustainability at Antofagasta
Economic contribution
We aim to create value for shareholders and also to add value for a much
wider range of stakeholders. Through our products, services, operations
and investments, Antofagasta aims to contribute to sustainable
development and bring lasting benefits to local communities and society.
This includes:
Products and services: Copper and molybdenum are used in a variety of
products and equipment which society and business depend on, including
construction, telecommunications networks and electrical and electronic
products. The mining business in the Antofagasta Region depends on the
reliable transportation of their products and supplies by the Antofagasta
Railway Company. Thousands of people and businesses rely on the
consistent supply of safe water provided by Aguas de Antofagasta.
Local socio-economic development: Antofagasta Minerals’ Social
Strategy commits its operations to providing training and support to help
local people access employment opportunities. For example, Esperanza
committed to hire at least 30% of its workers from the Antofagasta
Region and the company developed an ambitious recruitment and
apprenticeship programme to meet this goal.
Economic value generated and distributed by the group
Revenues from net sales, operating income and sales of assets
Investment income
Operating costs
Economic Value Generated
Employee wages and benefits
Community
Payments to providers of capital
Payments to government
Payments to shareholders
Economic Value Distributed
Economic Value Retained
Community investment: The Group provides financial support for
community and charitable projects, contributing US$20 million in 2011.
This figure remained stable in 2011, considering that in 2010 the Group
made an exceptional contribution – in the order of 5,000 million US$ –
specifically towards earthquake relief efforts.
Taxes, royalties and licensing fees: A portion of the wealth the Group
generates is distributed through taxes paid by the company, its
contractors, suppliers and its employees, royalties and licensing fees.
The Group measures the direct economic impact of its business including
workers’ salaries, taxes and payments to suppliers. See below. It is more
challenging to measure indirect economic impacts and data is not
currently available for this.
2011 2010 2009
US$m
6,086.7
23.3
(2,696.6)
3,413.4
(296.7)
(20.0)
(93.2)
(965.3)
(1,924.0)
(3,299.2)
114.2
US$m
4,604.7
16.5
(1,739.5)
2,881.7
(245.6)
(25.1)
(18.3)
(631.5)
(939.3)
(1,859.8)
1,021.9
US$m
2,972.6
13.2
(1,291.3)
1,694.5
(200.3)
(22.0)
(24.0)
(185.1)
(871.9)
(1,303.3)
391.2