266 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 principles3 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 project’s life cycle. This approach avoids unnecessary additions (“gold-plating”) and prioritizes capital efficiency from the initial engineering design concept onward • Fit for purpose: Project configurations are tailored to meet both business and project objectives from the earliest conceptual stages. This approach ensures preparedness for future
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