The Lundin Group has an over 40-year-track record advancing large resources projects from exploration to development and through to production all over the word. All companies are supported by the Lundin Foundation, whose purpose is to enable local employment, nurture small business growth and support financially viable social and environmental solutions in the communities in which we operate.
Committed to responsible mineral development, Josemaria Resources sets an example for copper mining in Argentina. Essential to a low-carbon future, copper is poised to be in high demand for decades to come. The Foundation supports Josemaria Resources to ensure the project aligns with international sustainability standards, provides lasting economic benefits to local communities, and collaboratively supports watershed management.
The Foundation partners with Josemaria Resources to develop management approaches aligned with leading international standards on environmental and social sustainability. The project aims to mitigate risks for lenders, secure and maintain social licence, and demonstrate the company’s commitment to its values of accountability, respect, integrity, honesty and transparency.
Drawing on experience from supporting other mining projects in the Lundin Group—including Ecuador’s Fruta del Norte project—the Foundation is identifying opportunities to develop local businesses. The opportunities will build local supplier capacity in industries including catering and logistics, develop a supply chain that will serve the project’s needs through the mining lifecycle, and diversify the local economy.
In 2019, the Foundation commissioned a study on water-use efficiency and livelihood, the first step to support regional stakeholders and community members in considering watershed management approaches.