Cerro Verde, a Freeport-McMoRan Company, Wins ACE Award for Transparency

Jan 17, 2017 8:25 AM ET

The U.S. Department of State’s Bureau of Economic and Business Affairs awarded the 2016 Secretary of State’s Award for Corporate Excellence (ACE) in Transparent Operations to Sociedad Minera Cerro Verde S.A.A.

The Secretary of State has awarded the ACE each year since 1999, in order to recognize U.S. companies representing American values in their business practices worldwide.  Winning companies contribute to the growth and sustainable development of the local economies in which they work. 

Sociedad Minera Cerro Verde S.A.A. puts transparency and stakeholder engagement at the core of its business model.  The company completed a major expansion in 2015 within budget and on schedule because of its proactive transparent consultation with local communities and all levels of government.  The expansion included an investment in public water infrastructure that supplies the additional capacity required by the mine, and potable and waste water for the residents of Peru’s second largest city, Arequipa.

For more information about the award, please visit:  http://www.state.gov/e/eb/ace.

To learn more about how Freeport-McMoRan supports the communities in which it operates, please visit fcx.com and freeportinmycommunity.com.

Please see the 2015 Working Toward Sustainable Development Report for more information on all of their social, economic and environmental efforts.