We live in a society that is changing ever more rapidly. Globalization and technological transformation can be named as two of the key drivers of this rapid change with tremendous global impact. Globalization represents free trade which promotes global economic growth, creates jobs, makes companies more competitive, and lowers prices for consumers, on the other hand it can be said that globalization has made the rich richer while making the non-rich poorer. “It is wonderful for managers, owners and investors, but frequently non-rewarding for workers and nature.” With regard to technological transformation, one could say that it has created huge opportunities in the competitive landscape associated with the mining industry. The new technologies, advancements in the mining sector are offering greater ore recovery, flexibility in mining operations, increased productivity, greater safety, improved environmental monitoring and controls, and lowering costs.
Simultaneously, and as a result of globalization and technological innovation, we have seen a dramatic shift in the orientation of corporate governance models. Where a Shareholder-Dominated Corporate Governance Approach use to be the norm, we now see that companies are more-and-more compelled to adopt a Stakeholder-Oriented Approach if they want their business to prosper.
At Cerro de Pasco Resources we have put technological innovation, stakeholder engagement and environmental sustainability at the core of our business, because we firmly believe that these are key to the success of our business.