Management Policies
1. Integrated Policy on Quality, Environment, Occupational Health and Safety

To extract, beneficiate, transform, and supply iron ore and its derivatives while managing risks and leveraging opportunities in the iron and steel market sustainably. We comply with applicable legal requirements, customer expectations, and stakeholder needs related to Quality, Environment, and Occupational Health and Safety. We are committed to continuously improving the performance of our management system, protecting the environment, our workers, visitors, suppliers, and the communities where we operate.

2. Management

To establish short-, medium-, and long‑term strategic guidelines that guide the company in making strategic, tactical, and operational decisions, ensuring maximum efficiency in meeting goals and objectives with a globally competitive standard.

3. Commercial

To maintain excellent relationships with customers based on respect, fairness, solidarity, honesty, cooperation, and adherence to laws, standards, and established guidelines, prioritizing strategically attractive markets.

4. Operations

To execute production processes under a continuous improvement approach, prioritizing the rational use of resources, maintaining equipment and facilities in optimal operating conditions, and fulfilling our obligations to stakeholders.

5. Financial

To ensure timely resource acquisition and guarantee efficient administration of financial assets to maintain solvency and sustainable development for the continuity of the company.

6. Assets

To coordinate and execute actions related to the acquisition, registration, use, maintenance, decommissioning, and disposal of public assets owned by CVG Ferrominera Orinoco, C.A., or under its custody, ensuring strict compliance with the responsibilities assigned to the units managing public assets under current legal frameworks.

7. Tax

To maintain proper tax planning and control that ensures the company’s fiscal solvency within the applicable legal framework.To maintain proper tax planning and control that ensures the company’s fiscal solvency within the applicable legal framework.

8. Corporate Image

To promote and strengthen a positive public perception of the company through cultural, sports, and recreational activities for employees and stakeholders.

9. Social Development

To promote the highest level of well‑being and happiness for employees, their families, and organized community groups, reinforcing new management methods that provide comprehensive support to communities and help mitigate external constraints affecting the organization.

10. Investments

To carry out investments that strengthen extraction, processing, concentration, pelletizing, direct reduction, transportation, and product dispatch infrastructure; ensuring technology transfer and guaranteeing the profitability of invested resources.

11. Science, Technology, and Innovation

To promote research, technological development, systematization, and innovation based on organizational needs, supporting continuous process improvement, strengthening intellectual capital, democratizing knowledge, and fostering national manufacturing as key elements of business sustainability.

12. Human Talent

To ensure the availability of competent human talent required to achieve organizational objectives by:
a) Selecting qualified personnel with expertise in their work area.
b) Providing training and competency development.
c) Managing compensation and benefits according to legal and institutional guidelines and the policies of the Corporación Venezolana de Guayana.
d) Preserving labor harmony and workplace peace.

13. Procurement and Contracting

To acquire goods and contract services and works through efficient resource administration, maintaining mutually beneficial relationships with suppliers under current legal frameworks, ensuring optimal quality, price, and timing, and promoting import substitution by supporting small and medium‑sized industries, cooperatives, and community organizations.

14. Administrative

To ensure that all material, financial, and human resources are used transparently, honestly, effectively, and efficiently, supporting integrated process management and enabling accountability in accordance with national public administration laws and internal performance measurement methods.

15. Communication and Information

To promote assertive and timely communication among employees and stakeholders, aligned with corporate values and oriented toward fulfilling the company’s mission through appropriate upward and downward communication channels.

16. Information Systems and Technology

To comprehensively manage ICT to ensure a robust technological infrastructure aligned with the organization’s strategic objectives, guaranteeing operational continuity, efficiency, and sustainable evolution.

17. Horizontal Integration and Participation

To strengthen productive coordination with worker organizations in accordance with current legal frameworks, aligned with government policies, including Workers’ Productive Councils (CPTT), the Workers’ Militia, and others.

18. Maintenance Management

To ensure maintenance activities under a continuous improvement approach, preserving company assets to achieve maximum availability and reliability of processes with quality, productivity, safety, and environmental sustainability, oriented toward achieving organizational objectives.

19. Asset Protection

To establish prevention, protection, and contingency mechanisms to safeguard the assets of CVG Ferrominera Orinoco, C.A., through technological security systems, procedures, and the strengthening of human talent.