Tintaya, 28 May 2012

We deeply regret the violent events that resulted in the loss of human lives in the Espinar Province today.

We confirm our commitment to openness and dialogue and our respect for Human Rights. This commitment has characterised our on-going relationship with various organisations, community authorities, district authorities and the whole population of Espinar Province.

Tintaya is a leader in Corporate Social Responsibility practices. We have implemented tools like the Framework Agreement and the Development Table, with voluntary contributions that seek to strengthen sustainable development through the direct involvement of the communities and the population at large.

The Framework Agreement investments, under which Tintaya contributes 3% of its profit before tax for social projects, are voluntary contributions in addition to mining taxes and other regulatory payments. The Framework Agreement has allowed projects to be carried out such as the Espinar Hospital, the Dairy Plant, the Centre of Educational Resources of Espinar and recently the Alpaca Fibre Plant, as well as more than 800 sustainable development projects that directly benefit the population of Espinar.

We have also publicly expressed our willingness to improve the Framework Agreement. We have stated this in various letters sent to the Provincial Municipality, highlighting opportunities for improvement and our willingness to continue the dialog process with the corresponding authorities.

With regards our environmental performance, our operations comply with all the requirements set forth by the law. This has been demonstrated through the various monitoring processes conducted by competent agencies. In addition, we have publicly expressed our willingness to conduct additional participatory monitoring within the legal framework to clarify any perceptions or concerns that the population may have.

Tintaya rejects all kinds of violence and asks the respective authorities, particularly the municipal authorities of the Espinar Province, to facilitate and promote a dialogue process that leads to resolving thesocial unrest that the capital of the province is currently living. This social unrest has been promoted by a group of leaders that incite violence, leading to the death of innocent people. We hope to see a responsible transition to democratic processes allowed within the Rule of Law.

We hope that the current situation of unrest will be overcome soon and social peace will be attained in the Espinar Province through a process of dialogue and understanding.