Environmental fines
(EN28) Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations. During 2011, Codelco payed seven fines due to noncompliance with current environmental regulations; a sum which amounted 2,890 UTM *.
Of the total of these fines, most (69.2% of the amount paid) correspond to noncompliances associated with the spill of copper concentrate in the Rio Blanco river, in the Andina Division, and the fugitive emission of sulfur dioxide to the air in the La Greda sector of the Ventanas Division.
Investment in environment programs 2011
(EN30) Total environmental protection expenditures and investments by type. In 2011, environmental investments amounted to US$ 65 million, highlighting the investment associated with the construction of new phases or enlargement of tailings dams for the Chuquicamata, Salvador and El Teniente divisions, the particulate matter mitigation works in the Ventanas Division and the construction of works for the interception of clear waters in the Andina Division.
* UTM Value as of December 31st: 39,021 Chilean pesos.
US$ Value as of December 31st: 521.46 Chilean pesos.
Projects under Environmental Assessment
During 2011, we filed a total of 15 projects for Environmental Assessment representing a total investment of amount US$1,786 million, where only one of them is an Environmental Impact Assessment (EIA). These projects will allow us to increase and improve our processes.
Online environmental commitments
In 2011, Codelco was the first company to
publish its environmental commitments in
the Environmental Commitments System
portal, created that year by the Superintendency
of Environment. The site is a virtual
library in which companies can voluntarily
disclose the environmental commitments
they acquired with the Environmental Assessment
Service of the Ministry of Environment.
This system allows closer monitoring,
because it organizes and systematizes information
and gives a greater transparency
to the processes. Anybody who wishes to
consult the portal can access this information.
