Josemaria Resources works in partnership with the Lundin Foundation to lay the groundwork for development and community investment. With copper poised to be in high demand is committed to implementing innovative programs and aligning with environmental and social sustainability standards.
The Foundation and Josemaria are pioneering collaborative management approaches and community programs that align with leading international environmental and social sustainability standards. This approach ensures Josemaria meets its commitments, mitigates risks for lenders, secures social license and demonstrates its values of accountability, respect, integrity, honesty and transparency.
In 2021, the Foundation worked closely with Josemaria to design the company’s local supplier development approach and launch a business training program for local entrepreneurs. In-depth scoping studies were conducted to make local businesses and identity potential suppliers for construction and operations while also looking at opportunities for economic diversification. As a result of these efforts, 260 local companies were prequalified as local suppliers, and 80 others were surveyed to identify opportunities in non-mining sectors that can be further developed to promote economic diversification. Investing in rigorous planning and research early on is essential to unlocking lasting economic benefits for local communities.
The Foundation also developed a nine-month online training program for businesses, benefitting 26 entrepreneurs from the local communities of Iglesia and Jachal; 50% of these businesses are run by women, and they cumulatively account for 230 local jobs. The training offered during the pandemic focused on market diversification and developing new opportunities.
In the coming year, the Foundation will continue to support Josemaria with local procurement, capacity building, economic diversification, and sustainability strategy and standards in the lead-up to construction.
“The Lundin Foundation’s wealth of knowledge and experience working with exploration, development and producing companies allows us to be successful and seamlessly transition through the mining lifecycle, from explorer to near-term producer. Social license is one of the most important factors when it comes to being successful in mining the Foundation makes it possible.”
– Adam Lundin, President, CEO and Director Josemaria Resources
SME Training ProgramArgentina
Training for local small businesses to strengthen their practices and build markets.
Local supplier prequalification process for Josemaria's supply chain.
Supporting local companies to strengthen their business models and meet Josemaria's standards.
UN Sustainable Development Goals
Our initiatives strive to improve people's lives and protect the planet and are in support of the following UN SDGs: