China Minmetals officially released the Peru Country Sustainability Report on November 8, 2024, which marks the 10th anniversary of successful acquisition, construction and operation of the Las Bambas Mine in Peru. This is the first Peru Country Sustainability Report prepared by China Minmetals, fully demonstrating China Minmetals' active fulfillment of economic, environmental and social responsibilities, as well as its vivid practice of consultation and communication with all parties in Peru to seek harmonious development and create a better future together.

The Report, containing over 20,000 words, is divided into three chapters: "Rooted in Peru to Create Long-term Value, Committed to Steady Development to Consolidate the Foundation of Management, and Aimed for Sharing Common Benefits to Focus on Community Development". Through 48 real-world scene pictures, 17 pieces of big data, 36 cases, 12 logical diagrams and 9 stakeholder quotes, the Report comprehensively reveals China Minmetals' key performance and fulfillment of social responsibilities during its investment, construction and operation of the Las Bambas Mine in Peru.

The Report shows that China Minmetals has always followed the concept of "extensive consultation, joint efforts and shared benefits" by exploiting mineral resources at the Las Bambas Mine in a green, environmental-friendly and sustainable manner and creating tens of thousands of job opportunities for the local area, effectively promoting the prosperous economic development in Peru. Since the project was put into operation in 2016, the Mine has paid a total tax of over RMB 12.8 billion to the Peruvian government, driving the average annual GDP of Departamento de Apurímac up from RMB 3.6 billion to RMB 12.7 billion. And its per capita GDP has reached RMB 27,000, making it one of the fastest economically growing regions in Peru.

The Report reveals that throughout the construction, production and operation of the Las Bambas Mine, China Minmetals has always set employees' health and safety as a top priority, strictly abided by Peruvian laws and regulations, and established a high-standard safety and environmental management system, winning the 24th Peru National Mining Safety Award. As the only mine in Peru with a soil and water environment monitoring laboratory, the Las Bambas Mine adopts advanced environmental technology and equipment to strengthen ecological conservation and restoration and ensure that various environmental indicators meet the standards, minimizing its impact on the surrounding ecological environment. It sponsored 34 communities to jointly launch a 368-hectare reforestation project, and released 600,000 trout fry in 7 surrounding communities to promote the restoration and improvement of local ecosystems and improve the biodiversity level.

China Minmetals shows great respect for Peru's traditional culture and local customs, and strengthens communication and exchanges with local governments, partners, communities and citizens. It has implemented a series of initiatives such as building livelihood projects, training skilled talents, supporting education and medical care and carrying out cultural exchanges to deliver a new vision of innovative, coordinated, green, open and shared development and promote friendship and close contact between the people. In April 2024, the Kutuctay Bridge built in Cotabambas Province with an investment of RMB 80 million by the Mine was completed and open to traffic, connecting the Departamento del Cusco and the Departamento de Apurímac, reducing transportation time between multiple communities by 4 hours, and benefiting more than 50,000 community residents. The Mine implements the Bambas Heart Plan by regularly organizing community symposiums and enterprise open days to listen to the opinions and suggestions from community residents, continuously adjust operational strategies, consolidate and deepen ties and strive to reach consensus.