Lundin Mining is committed to mining responsibly to contribute to a more sustainable world. In partnership with the Foundation, the company continues to strengthen its strategic approach to sustainability and collaborate to enhance the health and well-being of communities by developing initiatives that achieve positive social and economic benefits that last.
With a focus on economic diversification and strengthening entrepreneurship, the Foundation supported several Lundin Mining community initiatives. For example, in Sweden, advisory services for the Zinkgruvan mine’s small business program helped local companies diversify their client base and access to financing. In Chile, long-term community initiatives were successfully transitioned to the Candelaria mine. In the US, support for the Eale mine led to small businesses receiving support and access to financing to implement a responsible tourism initiative. As a result, the collective impacts in 2021 led to 70 small businesses generating over $21 million USD in revenue, sustaining 200 jobs, with over 40$ of the workforce being women.
The Foundation also supported Lunding Mining in developing a Sustainability Strategy aligned with its Mission, Values and Responsible Mining Policy. A multi-disciplinary team represented by all operations and core functional areas was established. Guided by the executive team, the Sustainability Strategy allows Lundin Mining to integrate, embed and improve sustainability across the organization. Anchored by material ESG issues and robust evidence-based benchmarking — this collaborative process allowed the company to recalibrate its long-term sustainability vision.
Looking ahead, the Foundation will continue to support Lundin Mining to integrate multi-year work plans and define long-term targets to progress implementation of the company’s Sustainability Strategy across the organization and continue to advance community initiatives that create lasting economic benefits.
“With the support of the Lundin Foundation, we worked hard in 2021 to build on our existing core values, and the great sustainability work that is already underway to finalize a Sustainability Strategy that is relevant and meaningful to the future of our business, communities, and people.”
– Peter Rockandel, CEO Lundin Mining
Technical assistance to help artisanal fishing union sell value-added products to international markets.
Eagle Emerging Entrepreneurs FundUSA
Loan guarantee fund local entrepreneurs.
Formalize support to local small businesses into a scalable model.
Big Bay Responsible Tourism InitiativeUSA
Diversify the local economy by promoting responsible tourism.
Support the development of a strategic plan to achieve financial and operational sustainability.
COVID-19 small business recovery program.
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: