Anglo American Annual Report 2012

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OPERATING AND FINANCIAL REVIEW STRATEGY IN ACTIONSTRATEGIC ELEMENT: Operating safely, sustainably and responsiblyBUILDINGRELATIONSHIPSWITH THE FUTURE IN MIND22 Anglo American plc Annual Report 2012
We believe that operating safely,sustainably and responsibly is not onlyfundamental to our licence to operate,but is also an increasingly importantsource of competitive advantage.OPEN DIALOGUE IN PERUIn late 2010, our Quellaveco copper projectlocated near Moquegua in southern Peru facedconsiderable local opposition from communitiesconcerned at what they saw as its potentialnegative impact, in particular on water availabilityin a severely water-stressed area.In response, Anglo American agreed to pausethe project and to participate in an extensive,structured ‘dialogue table’ with local and nationalstakeholders, led by the regional presidentMartín Vizcarra, with a view to addressingcommunity concerns.During 18 months of detailed negotiations, theproject team was able to understand the rootcause of local worries, address the lack ofinformation about both the environmentalsafeguards of the project and its multiple potentialsocial and economic benefits, and adapt aspectsof the project design to increase those benefits.The result? Agreement at the dialogue table,broad social and political support for Quellaveco,and Anglo American’s approach held up as bestpractice for socially responsible mining in Peru.KEY FACTSReserves and Resources• 916.4 Mt Proved and Probable Reserves(at 0.65% TCu)• 1,092.0 Mt Measured and IndicatedResources (at 0.39% TCu)• Contained copper = 5.9 MtDialogue table• Began March 2011• Ended July 2012• 22 plenary meetings• 45 sub-committee meetings• 31 organisations participating• A final agreement comprising 26wide-ranging programmes addressingwater, environment and regionaldevelopment issues01Operating and financial review“This was a victoryfor openness,transparency andengagement and allparticipants in theprocess are to becongratulated. Together we showedthat our project can bring hugebenefits to Peru and Moquegua. Wenow need to ensure we deliver on ourcommitments and continue the workto maintain our licence to operate.”Eduardo SerpaAnglo American’s chief negotiator02OUR QUELLAVECO COPPER PROJECTIS LOCATED IN SOUTHERN PERULimaArequipaCuzcoTacnaPunoMoqueguaMain At our Quellavecoproject in Peru,process managerGonzalo Manriqueuses a model of theproposed mine andprocessing facilitiesto ‘dialogue table’representatives fromthe local Moqueguacommunity.01 Participantsrepresentinglocal and nationalstakeholders andAnglo Americanattend the finalmeeting of thedialogue tablein Moquegua.02 Selma Fernandes,from our SupplyChain team inCopper, with localprocurement analystMilagros Myrick, atthe Quellavecoproject’sMoquegua office.Anglo American plc Annual Report 2012 23
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Anglo American plc20 Carlton House
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