Fresnillo plc
| Fresnillo plc | |
|---|---|
 | |
| Industry | Mining |
| Founded | 2008 |
| Headquarters | Mexico City, Mexico |
| Area Served | Worldwide |
| CEO | Octavio Alvidréz |
| Chairman | Alberto Baillères |
| Products | Precious metals |
| Market Value | 10362.5 m$ |
| Employees | 2,449 (2011) |
| Website | www.fresnilloplc.com |
Contents
About Fresnillo plc
Fresnillo plc is a Mexican-based precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City. Fresnillo is the world's largest producer of silver from ore (primary silver) and Mexico's second-largest gold miner. Fresnillo plc was established in 2008, following restructuring of Peñoles separating precious metals business into Fresnillo Group. In the same year, the company made its debut on the London Stock Exchange. Fresnillo has six operating mines, two in development and four in exploration.
Engagement in Cultural Diplomacy
Mining and processing precious metals are essential along with social acceptability and environmental challenges that must be effectively addressed. Finding solutions to these challenges requires exceptional commitment, operational excellence and innovation. Therefore, the responsible operation of the business is to create value for and ensure the well-being of stakeholders without compromising future generations. They achieve this through responsible policies and practices implemented from the earliest stages of exploration until mine closure. Fresnillo relies on their own executives and staff for oversight, training and implementation of policies and programmes, and works closely with employees, contractors, unions, communities, governmental agencies, industry organisations, NGOs and other third parties to ensure that their performance adheres to the standards, needs and aspirations of their stakeholders. Risks include security; potential actions by government; public perception against mining; safety; environmental incidents and human resources.
Employment Policy
Fresnillo plc’s Centre for Technical Studies (CETEF) was created to train a high quality mining technicians for its specific needs. Candidates that join the CETEF are chosen from the communities surrounding the company’s operations in order to favour local employment while securing the talent pipeline. The training approach is based on a model that favours hands on experience, spending 20% studying theory and 80% practicing with modern equipment. Furthermore, Fresnillo also has an agreement with Peñoles to send the candidates to the Centre for Technical Studies of Laguna del Rey (CETLAR). The CETLAR follows a similar logic to the CETEF but focuses on training maintenance technicians. Furthermore, Fresnillo engages in the increasing the participation of women in mining. This is believed to be fundamental to secure the talent pipeline. Although the company is slightly above the national average, they must maintain the effort to seize this opportunity.
Education
International Internship Program
Fresnillo offers internships in partnership with some leading Mexican institutions.
Grants and Scholarships
Fresnillo offers full scholarships as well as monthly stipends to all students admitted to the CETEF programme.
Cooperation with Universities
Fresnillo plc collaborates with leading educational institutions such as the National Autonomous University of Mexico (UNAM), the National Polytechnic Institute (IPN), the University of Guanajuato and the the University of Zacatecas to offer internships. The approach is to detect talent by closely monitoring the performance of the interns throughout their internships.
Notable Activities
Promoting Human- and Civil Rights
As signatories to the UN Global Compact, Fresnillo is strongly committed to respecting and protecting freedom of association and collective bargaining. The collective agreements with unions guarantee competitive wages and benefits for the workforce that is unionised. Fresnillo is also committed to respecting the fair labour practices and labour rights of the non-unionised workers. Good relations with unions have also facilitated their buy-in of the efforts of Fresnillo to embed safety in the culture. Child labour or compulsory work are banned from Fresnillo’s operations and are regularly monitored by Mexican Authorities. In its Code of Conduct, Fresnillo makes clear to its employees and contractors that they do not tolerate any form of harassment, intimidation or discrimination. As a signatory to the UN Global compact, Fresnillo is strongly committed to supporting and respecting the protection of internationally proclaimed human rights and ensuring that they are not complicit in human rights abuses.
Activities in the Field of Humanitarian Aid
Fresnillo plc engages in the celebration of the United Nations sponsored World Water Day(March 22) and World Environmental Day(June 5), by bringing employees, contractors, families and community members together through parades, competitions, workshops, seminars and cleaning and reforestation activities, as well as tours to select environmental programmes such as the waste water treatment plants in Fresnillo and Saucito, and the Sustainable Forest in Ciénega.
Supporting Music and Visual Arts
Fresnillo plc also sponsors local art initiatives.
Supporting Sports
Fresnillo plc also sponsors sporting events and local teams in Mexico.
