Sustainable mining: These companies joined forces to achieve it

Isbel Lázaro.
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Inspenet, September 15, 2023.

With the purpose of promoting green mining, Bluegrace Energy Bolivia and Compañía Minera Arco de Oro SAC , based in Lima, Peru, have established a collaboration to promote the development of mining projects that provide value in social, environmental and economic terms.

Green mining is based on the use of clean and efficient technologies, the proper management of waste and emissions, the restoration of impacted ecosystems, the creation of shared value with local communities and respect for human and environmental rights. All these aspects must be aligned with the Sustainable Development Goals (SDGs) , a set of goals established by the United Nations in 2015 with the purpose of promoting sustainable development that integrates economic, social and environmental dimensions.

In this sense, Bluegrace Energy Bolivia and Compañía Minera Arco de Oro have forged a strategic alliance to promote sustainable mining projects in line with the objectives of the 2030 Agenda for Sustainable Development.

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These two companies are committed to incorporating technological advances, responsible management and the active participation of local communities to promote sustainable mining.

As part of this agreement, Bluegrace Energy will acquire a 50% stake in the total capital of Compañía Minera Arco de Oro SAC . This solid collaboration will be reinforced through a convertible bond granted by Bluegrace Energy, designed to strengthen the operational capabilities of Compañía Minera Arco de Oro.

The epicenter of this alliance is located in the Arco de Oro Mining Project, a Peruvian company committed to environmental conservation. The central objective of this project is to revolutionize mining extraction processes through the adoption of a completely ecological methodology in all its operations.

Spearheaded by Bluegrace Energy, a company focused on environmental management, preservation and the values ​​associated with the Sustainable Development Goals (SDGs), this project aims to transform responsible mining practices.

“One of the main challenges for Bluegrace Energy Bolivia is the transition towards Clean Energy, strategically aligned with the Sustainable Development Goals (SDG).”

“In effect, one of our main commitments is to support South America to obtain benefits from the growing demand for minerals and metals, as well as to verify that mining activity is managed appropriately, ensuring that both the environment and people are safeguarded, both as possible”. Julio Montenegro, CEO of Bluegrace Energy.

The importance of sustainable mining

To carry out the acquisition of 50% of the project, Bluegrace has issued Green Certificate Bonds (GCB), demonstrating its unwavering commitment to sustainability. These GCB debt bonds will be directed by Compañía Minera Arco de Oro towards impact projects, allowing them to gain a significant share of the market in Peru.

Mining is an economic activity of great importance for Bolivia, a country that has a vast diversity and wealth of mineral resources that can boost its economic, social and environmental development. However, mining exploitation also generates negative impacts on the natural environment and local communities, which must be prevented and mitigated.

Therefore, green mining represents a sustainable option that seeks to take advantage of the benefits of mining without putting the well-being of current and future generations at risk.

In this context, sustainable mining makes use of clean and efficient technologies, adequately manages waste and emissions , carries out the restoration of affected ecosystems, promotes the creation of shared value with the communities involved and respects both the rights both human and environmental.


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