1817 projects in the mining sector. These projects require a long-term financial commitment and must generate profitable and sustainable value, aligned with the company's strategy. 3. MINSUR´S PROJECT DEVELOPMENT FRAMEWORK A Capital Investment Project in the mining industry is a long-term allocation of funds to develop a business initiative from conceptual studies to its benefits realization stage. A viable investment project aims at achieving a profitable return that ensures: 1) Attractive return on the invested capital, with positive and consistent cash flows, at an acceptable risk 2) Effective capital allocation and capital efficiency 3) Positive impact on environment and society 4) Comply with the applicable standards and regulations The capital investment project is the vehicle to deliver the value expected by the implementation of the business strategy, which defines the business objectives that are the key to aligning the strategy throughout the whole portfolio of projects. The value of a mining project will be delivered in the future, so it is important to manage uncertainties and risks while developing the scope and designing the final configuration where sustainability is now part of the “Stay in business” approach. It must be embedded in the value creation principles that drive the project development strategy and framework, shown in figure 1. Figure 1 –MINSUR Project Development Framework The criteria for developing Capital Investment Projects in MINSUR is aligned with its purpose” We Improve life, transforming minerals into well-being”, values and policies. 3.1 The Sustainable Value Creation principles The process of creating sustainable value and realizing the benefits of an investment project is guided by the following foundational principles: • Sustainable operation: Sustainability forms a central pillar of the business strategy. Critical principles of sustainable development, such as Environment, Social, and Governance (ESG) criteria and Sustainable Development Goals (SDGs), are thoroughly assessed and incorporated into the project scope. These elements are integral to the decision-making process and help build a robust business case. Additionally, commitments to climate action, including efforts to reduce greenhouse gas emissions, are considered throughout the entire project life cycle. • Lean Project: The application of Lean Principles is emphasized in the design, construction, and operation phases of projects, wherever it is reasonable to do so. Solutions are implemented in the most effective manner possible, with an emphasis on reducing waste and maximizing value across the
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