ANDEAN PRECIOUS METALS - MINING

Working for the Community

Whilst transformational growth is a key strategy for Andean Precious Metals, itis clearthat the value it adds toits community is extremely important. Since its commissioning in 2008, San Bartolomé has established its importance to the economy in Bolivia, Potosi in particular.

With about 250 employees and almost an equal number of indirect contractor jobs from Potosi, Andean positively impacts the economy of the city of Potosi by ~25%, via wages, royalties and taxes. Annually, it contributes (both directly and indirectly) close to $75 million to its local economy.

“Manquiri has created an identity for itself in Bolivia, offering attractive wages, continual training and world-class facilities. We empower the local community, which in turn allows us to secure our social licence,” discussed Humberto.

As well as its relationship with employees, Andean has secured itself as a pillar of the community too, by working with the locals to developing initiatives that benefit the Potosi surrounding communities.

“We work with many cooperatives and local businesses, supporting the artisanal miners, fish farms and the education, health and sanitation sectors,” shared Humberto. “Whilst we support them in developing their business, we allow them to thrive without overpowering their autonomy”.

Throughout the last 15 years of operation, Andean has been able to provide one of the best examples in the world of an