Environmental Risk Prevention

Challenge the practice is addressing: An essential component of the Proyecto Riotinto's functioning is the mitigation of environmental concerns. Because of this, the Company has developed a special methodology that outlines how to avoid and handle a variety of circumstances that might arise inadvertently throughout the project and have a substantial environmental impact.

Concrete practice to achieve the expected goal: In 2021, Atalaya Mining created an environmental risk study in compliance with Spanish Law 26/2007 on Environmental Responsibility. This study, which formed the foundation for calculating the financial guarantee, was conducted in accordance with the methods outlined in the UNE 150.008 standard. Because Atalaya Riotinto Minera has developed an Environmental Management System and the outcome for the reference scenario was within the range of 300.000 and 2.000.000 euros, Atalaya Riotinto Minera would not be required to offer a financial guarantee.

Expected impact/goal of the practice: The expected impact is the mitigation of environmental concerns.

Who is the target user group of the practice/intervention or implementing the practice/intervention? This practice is relevant for companies in the extractive industry.