Mmg Ltd. · HKEX:1208
Mmg — Conference Presentation (October 2013)
15 slides from Mmg's conference presentation, Oct 10, 2013
Slide 1: Partnerships for Progress
PARTNERSHIPS FOR PROGRESS Michael Nossal, EGM Business Development 10 October 2013 1
Slide 2: Overview of MMG
Overview of MMG Headquartered in Australia, listed on The Stock Exchange of Hong Kong. Five major operating mines. Major producer of zinc and copper. Legend: Operating assets Development projects Izok Corridor Sepon Century Kinsevere Dugald River Golden Grove Rosebery Note: the Avebury operati
Slide 3: MMG in Africa Today
MMG in Africa Today Kinsevere copper mine in Katanga province, Democratic Republic of Congo. Exploration office in Lusaka, Zambia. Nachingwea nickel exploration Joint Venture in Tanzania. Support office in Johannesburg, South Africa. More than 1,900 MMG employees and contractors in DRC, 97
Slide 4: Kinsevere and copper – important to MMG
Kinsevere and copper – important to MMG Kinsevere located near Lubumbashi in Katanga. MMG owned and operated since February 2012. Capacity to produce 60,000 tonnes of 99.99% copper cathode. Approximately one third of total MMG copper production. Ongoing work program to improve Contribution
Slide 5: Kinsevere mine
Kinsevere mine Comprises the Kinsevere Hill, Tshifufia and Tshifufiamashi deposits located 27 km from Lubumbashi. Conventional open pit mining by MCK Trucks, a local registered contractor. Ore throughput 1.6 million tonnes per annum. Crushing, grinding, agitated leach, SX- EW to produce copp
Slide 6: Social licence to operate
Social licence to operate Substantial improvement in safety Total Recordable Injury Frequency Rate performance. (TRIFR) 12 month moving average Local initiatives include safety 4.0 observation training. Malaria management plan. 3.0 Women’s health education sessions. School building and tea
Slide 7: Strong relationships – sharing benefits
Strong relationships – sharing benefits MMG one of 21 members of the International Council of Mining and Metals (ICMM). Guided by 10 principles of Sustainable development including: - Governance - Human rights - Biodiversity - Economic and social development. Established effective relationship
Slide 8: Vibrant community development program
Vibrant community development program Committed to maximising local employment. Technical training program aimed at developing new skills in the community. Substantial progress made in sealing main mine road improving safety around site. Construction of Kifita village school. Equipped Kins
Slide 9: Promoting local training and education
Promoting local training and education Long-term employment localisation program to increase the local workforce. Local employee management capability development program to run until 2015 to reduce the site expatriate employees ratio. 9
Slide 10: Challenges in the DRC
Challenges in the DRC Reliable and stable grid electricity supply. Road transportation and cross border administration for key supplies. Lack of railway improvements. Quality employee retention. Tax and royalty reform. Inconsistency between various DRC legislations. Telecommunication a
Slide 11: Electricity – a major challenge
Electricity – a major challenge Kinsevere power requirements continue to be drawn from the electricity grid with additional power sourced from diesel generation as required. 54% of power requirements were met from diesel generation in the first half 2013. MMG continues to negotiate supply with
Slide 12: DRC Mining Code Review
DRC Mining Code Review We support a review of the DRC Mining Code. It is important to ensure long-term, sustainable development in the region. Any reform should: - Encourage mining and infrastructure investment in the region - Benefit local communities - Be internationally competitive - Not ne
Slide 13: MMG's future in the DRC
MMG’s future in the DRC Near mine exploration to extend Kinsevere mine life. Relationships of trust with communities and Government to create win-win outcomes. Develop skills and capacity in local communities through education and training. Contribute to socioeconomic development in the Kins
Slide 14: Partnerships for Progress
Partnerships for Progress We face challenges every day in the DRC However in the last 5 years the DRC has achieved some progress towards an improved business climate and transparency. Solutions require collaboration between the mining industry, government and institutions. MMG understands it
Slide 15: “procress IWEIVIG
A “procress IWEIVIG