Headquarters
    UK
    Stock Exchange Listings
    LSE: ANTO.L
    Workforce
    Employees: 5,611 (31/12/2018)
    Contract workers: 15,825 (31/12/2018)
    Total: 21,436 (31/12/2018)
    Geographic Footprint
    Producing countries: 1
    Known tax jurisdictions: 11
    Revenues (in BUSD)
    Total Revenue: 4.733 (31/12/2018)
    Net Income: 0.829 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 0
    • Employees: 0
    • Contract workers: 0
    Others: 0
    2018 Fatalities
    Total worker fatalities: 1
    • Employees: 0
    • Contract workers: 1
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    While absolute results remain low overall, Antofagasta shows one of the five stronger results in Economic Development and Working Conditions. In Business Conduct, Lifecycle Management and Environmental Responsibility, the company’s results are above the average achieved across all 38 companies.

    In the mine-site assessment Antofagasta ranks 16th among the 38 companies on its mine-site-level results, with an average score of only 15%.

    In Economic Development, the company’s relatively stronger results are largely due to a well-established system for working in partnership with sub-national producing country governments on socio-economic development planning. Antofagasta also shows evidence of working in partnerships with in-country institutions to provide technical training and to work on R&D on socio-economic and environmental issues related to mining. In Working Conditions, the company demonstrates a programmatic approach to supporting a more diverse and inclusive workforce, and in another sign of the company’s continuous improvement efforts, Antofagasta has developed a new protocol for the prevention of sexual harassment of women workers.

    Antofagasta is associated with several leading practices, including for example efforts to align the emergency plan at one of its mine sites with the UN Awareness and Preparedness for Emergencies at Local Level (APELL) standard.

    On the other hand, Antofagasta’s results in Community Wellbeing are below the average achieved across all 38 companies. The company still shows little evidence of measures to implement its human rights policy, although it is noted that plans are underway to fill this gap. And Antofagasta still shows little evidence of tracking its performance on social issues such as the quality of its relationships with affected communities or its efforts to manage its impacts on women. Furthermore, there is a lack of evidence of the company tracking the effectiveness of its grievance mechanisms for communities and workers, or systematically assessing and addressing the risks associated with its use of hazardous materials.

    Moreover, Antofagasta’s results in the mine-site-level assessments reveal that none of its four assessed mine sites show any evidence of disclosing information on their local procurement spend, nor do they show evidence of tracking and disclosing data on water quality. Likewise, none of the four mine sites show evidence of having an operational-level grievance mechanism for communities.

    Overall results

    Economic Development

    1.92 / 6.002020
    1.20 / 6.002018

    Business Conduct

    2.37 / 6.002020
    2.77 / 6.002018

    Lifecycle Management

    2.07 / 6.002020
    1.31 / 6.002018

    Community Wellbeing

    0.30 / 6.002020
    0.31 / 6.002018

    Working Conditions

    2.53 / 6.002020
    2.07 / 6.002018

    Environmental Responsibility

    1.87 / 6.002020
    2.17 / 6.002018

    Average Mine-Site Score

    14.9%2020
    2020
    1.92
    score / 6
    2018
    1.20
    score / 6

    Economic Development

    2020
    2.37
    score / 6
    2018
    2.77
    score / 6

    Business Conduct

    2020
    2.07
    score / 6
    2018
    1.31
    score / 6

    Lifecycle Management

    2020
    0.30
    score / 6
    2018
    0.31
    score / 6

    Community Wellbeing

    2020
    2.53
    score / 6
    2018
    2.07
    score / 6

    Working Conditions

    2020
    1.87
    score / 6
    2018
    2.17
    score / 6

    Environmental Responsibility

    2020
    14.9
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    AntucoyaCentinelaLos PelambresZaldívar
    Local Employment
    (score /3)
    0.50.50.50.5
    Local Procurement
    (score /3)
    0.00.00.00.0
    Post-Closure Plans
    (score /3)
    0.50.50.50.5
    Community Grievances
    (score /3)
    0.00.00.00.0
    Worker Grievances
    (score /3)
    0.50.50.50.5
    Air Quality
    (score /3)
    0.01.00.50.0
    Water Quality
    (score /3)
    0.00.00.00.0
    Water Quantity
    (score /3)
    1.01.01.01.0
    Tailings Management
    (score /3)
    -1.51.51.0
    Emergency Preparedness
    (score /3)
    1.01.00.00.0
    Mine-site Score
    (%)
    13.020.015.011.7

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Antucoya-Chile70CopperOpen-pit
    CentinelaEsperanza, El TesoroChile70Molybdenum, Copper, Gold, SilverOpen-pit
    Los Pelambres-Chile60Molybdenum, Copper, Gold, SilverOpen-pit
    Zaldívar-Chile50CopperOpen-pit

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    E. Abaroa Foundation59.75%
    Luksic (Jean-Paul)4.26%
    RBC Global Asset Management Inc.3.64%
    RBC Global Asset Management (UK) Limited2.63%
    T. Rowe Price Associates, Inc.1.72%
    Tweedy, Browne Company LLC1.57%
    The Vanguard Group, Inc.1.09%
    BlackRock Institutional Trust Company, N.A.0.78%
    Legal & General Investment Management Ltd.0.66%
    International Value Advisers, LLC0.57%
    G H Kluge & Sons Ltd0.54%
    Nordea Funds Oy0.50%
    Norges Bank Investment Management (NBIM)0.50%
    State Street Global Advisors (UK) Ltd.0.44%
    T. Rowe Price International (UK) Ltd.0.42%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    Luksic Family60.66
    Jean-Paul Luksic4.26
    Ramón Jara<0.01%

    Subsidiaries (known)

    As of: 31/12/2018Country
    Alfa Estates LimitedJersey
    Anaconda South America IncUSA
    Andes Investments Company (Jersey) LimitedJersey
    Andes Re LimitedBermuda
    Andes Trust Limited (The)UK
    Antofagasta Energy Jersey PCCAustralia
    Antofagasta Investment Company LimitedJersey
    Antofagasta Minerals Adelaide Pty LimitedAustralia
    Antofagasta Minerals Australia Pty LimitedAustralia
    Antofagasta Minerals CanadaCanada
    Antofagasta Minerals (Changai) Co. LimitedChina
    Antofagasta Minerals Perth Pty LimitedAustralia
    Antofagasta Minerals SAChile
    Antofagasta Railway Company plcUK
    Blue Ocean Overseas IncBritish Virgin Islands

    Tax Jurisdictions (known)

    Australia

    Bermuda

    Bolivia

    British Virgin Islands

    Canada

    Chile

    China

    Jersey

    Peru

    UK

    USA

    Investor / State Disputes
    (since 2014)

    No case