Creating
value

We focus on low-cost operations, with continuous investment in exploration, capacity expansion, and operational efficiency throughout the business cycle.

Business model

Economic value generated US$ 2023 2022
Income 5,928,965 5,523,358
Economic value retained US$ 478,183 530,136
Economic value distributed US$ 2023 2022
Operating costs 3,072,031 2,760,920
Wages and benefits 611,970 513,048
Payments to value-chain partners* 1,307,199 1,109,186
Federal government** 166,038 273,344
Local governments 82,482 70,045
Interests 148,615 157,380
Shareholders 56,441 102,659
Social investment 6,006 6,640
TOTAL 5,450,782 4,993,222

* Contractors and suppliers

**
Taxes incurred; for more information, please see the financial statements in the Annual Report.

Note: Our financial statements were externally audited.

Our purpose

To generate opportunities and well-being by sustainably supplying essential resources

Our purpose guides our strategic decisions, balancing our needs with those of our stakeholders and the environment. Sustainability is at the core of our purpose to ensure the organization’s viability in the future, always keeping in mind our socio-environmental responsibility.

Our approach to sustainability is based on three principles:

1

Embed sustainability in our organizational culture

Our organizational culture, based on our CRIL values (trust, responsibility, respect, integrity, and loyalty), inspires us to responsibly manage our positive and negative impacts on sustainable development, aspiring to carry out our activities with zero damage to people and the environment. To achieve a good sustainability performance, we rely on our culture’s key behaviors: accountability, co-creation, and work in ecosystems.

2

Operate in a socially and environmentally compatible manner

We seek to operate in a manner that is compatible with the environment and the aspirations and expectations of our people, communities, and other stakeholders. This approach tries to ensure that our activities are carried out in a manner that preserves the health, safety, and well-being of our people, while respecting human rights and indigenous peoples. We also seek to protect the environment with a social commitment, through efficient water management, carbon footprint reduction, responsible management of tailings storage facilities, control of atmospheric emissions, restoration of mining sites, conserving biodiversity, and other initiatives. We try to conduct our activities by responsibly managing our social impacts on communities, addressing their concerns and aspirations.

3

Share benefits with our stakeholders

We focus on making a positive contribution to the local and national economy through our economic value distributed and the development of our people and partners in the value chain. To share the benefits with communities, we go beyond our social license by generating employment and local supply opportunities and joining the causes that matter most to them, and we make them relevant through social programs and alliances for the common good with governments and civil society.

Contribution to the Sustainable Development Goals

Core business

Creating value
Protecting value

We also identified the SDGs to which we indirectly contribute: