Fostering vibrant communities through diversified economic development.

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.