Antofagasta plc — Ethics Grade D

Antofagasta plc receives an overall ethics grade of D (32/100) on CancelCo's corporate accountability database. Sector: Mining & Metals. Market cap: Large Cap.

Category scores

• labor: 40
• privacy: 90
• consumer: 80
• environment: 25
• humanRights: 20

Documented incidents (3)

• Desalination Plant Leak (high, 2022) — The company faced significant legal challenges and local protests in Chile following a pipeline leak from its desalination plant. Environmental regulators cited the company for failing to properly maintain infrastructure leading to soil contamination.
• Water Rights Dispute (high, 2021) — The Los Pelambres mine has been embroiled in decade-long disputes with the Caimanes community over the El Mauro tailings dam. Residents claim the dam has dried up local water sources and poses a catastrophic risk to the village below.
• Contractor Safety Failures (medium, 2023) — Reports of poor safety standards for third-party contractors led to several fatalities across Chilean operations. Labor unions have cited a disparity in safety equipment and training between direct employees and contractors.

Documented good deeds

• 100% Renewable Energy — Successfully transitioned all mining operations to be powered exclusively by renewable energy sources in Chile.

Ethical alternatives

• Fortescue Ltd — Stronger commitment to green hydrogen and decarbonization goals.