SAFEGUARDING THE NATURAL BALANCE

OF THE ENVIRONMENT

Environmental Protection and Enhancement Program (EPEP)

Carmen Copper is committed to maintaining the delicate balance of promoting economic growth and prioritizing care for the environment. We do this by adhering to the following principles:

1. Observance to global standards

We employ a systematic approach in our Environmental Management in accordance to ISO 14001:2004 and 2015 series which provides us a standardized method for resource, waste and materials management, environmental monitoring, development and closure planning; and, rehabilitation and remediation measures.

2. Beyond compliance implementation of EPEP

We invested heavily in the implementation of our Environmental Protection and Enhancement Program (“EPEP”). From year 2009 up to 2018, the company invested PHP2.896 billion for the implementation of its EPEP which is almost double the required minimum 3% of the cumulative Direct Milling and Mining Cost for the period.