Headquarters
    Australia
    Stock Exchange Listings
    HKEX: 1208 - ASX: MMG
    Workforce
    Employees: 3,116 (31/12/2018)
    Contract workers: 10,113 (31/12/2018)
    Total: 13,229 (31/12/2018)
    Geographic Footprint
    Producing countries: 3
    Known tax jurisdictions: 9
    Revenues (in BUSD)
    Total Revenue: 3.67 (31/12/2018)
    Net Income: 1.136 (31/12/2018)
    State Ownership
    China: 72.59
    2017 Fatalities
    Total worker fatalities: 1
    • Employees: 1
    • Contract workers: 0
    Others: 2
    2018 Fatalities
    Total worker fatalities: 1
    • Employees: 1
    • Contract workers: 0
    Others: 3
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    Absolute results remain low overall and MMG’s results are largely dependent on the formal commitments it has made: to prevent bribery and corruption, to follow a lifecycle approach, and to ensure safe and healthy working conditions. In contrast, the company’s environmental policy remains relatively weak, with no integration of the mitigation hierarchy approach to prioritise the prevention and avoidance of impacts above measures to minimise, restore or offset the residual impacts.

    MMG ranks 10th among the 38 companies on its mine-site-level results, though with an average score of only 18% in the mine-site assessment.

    In the company-wide assessment, MMG’s results are above the overall average for four thematic areas, but below average in both Economic Development and Lifecycle Management.

    In evidence of MMG’s continuous improvement efforts since the RMI Report 2018, the company has strengthened its position on human rights by creating a formal Sustainable Development Framework and a dedicated commitment statement on human rights, that together align with the UN Guiding Principles and the Voluntary Principles on Security and Human Rights. In addition, the company has enhanced its consideration of the impacts of involuntary displacement, by revising and expanding its social performance standard to now require operations to assess and address these impacts, in consultation with project-affected people.

    MMG’s overall results are limited by a lack of evidence on several issues. For example, the company shows no evidence of efforts to ensure gender balance on its Board and in its senior management or to protect women workers from harassment and violence. Furthermore, MMG shows little evidence of tracking its performance on managing human rights issues.

    None of the four MMG mine sites included in the mine-site assessment show any relevant evidence on three of the issues covered: worker grievances, air quality and water quality.

    Overall results

    Economic Development

    1.71 / 6.002020
    1.00 / 6.002018

    Business Conduct

    1.63 / 6.002020
    1.65 / 6.002018

    Lifecycle Management

    1.64 / 6.002020
    0.82 / 6.002018

    Community Wellbeing

    1.44 / 6.002020
    0.66 / 6.002018

    Working Conditions

    1.94 / 6.002020
    1.55 / 6.002018

    Environmental Responsibility

    1.74 / 6.002020
    1.02 / 6.002018

    Average Mine-Site Score

    18.3%2020
    2020
    1.71
    score / 6
    2018
    1.00
    score / 6

    Economic Development

    2020
    1.63
    score / 6
    2018
    1.65
    score / 6

    Business Conduct

    2020
    1.64
    score / 6
    2018
    0.82
    score / 6

    Lifecycle Management

    2020
    1.44
    score / 6
    2018
    0.66
    score / 6

    Community Wellbeing

    2020
    1.94
    score / 6
    2018
    1.55
    score / 6

    Working Conditions

    2020
    1.74
    score / 6
    2018
    1.02
    score / 6

    Environmental Responsibility

    2020
    18.3
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Dugald RiverKinsevereLas BambasRosebery
    Local Employment
    (score /3)
    0.50.01.00.0
    Local Procurement
    (score /3)
    1.01.02.01.0
    Post-Closure Plans
    (score /3)
    0.50.00.50.0
    Community Grievances
    (score /3)
    2.01.51.51.5
    Worker Grievances
    (score /3)
    0.00.00.00.0
    Air Quality
    (score /3)
    0.00.00.00.0
    Water Quality
    (score /3)
    0.00.00.00.0
    Water Quantity
    (score /3)
    1.01.01.01.0
    Tailings Management
    (score /3)
    1.01.01.01.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.0
    Mine-site Score
    (%)
    20.015.023.315.0

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Dugald River-Australia100ZincUnderground
    Kinsevere-DRC100CopperOpen-pit
    Las Bambas-Peru62.5CopperOpen-pit
    Rosebery-Australia100Copper, Zinc, Lead, Gold, SilverUnderground
    SeponKhanongLao PDR0CopperOpen-pit

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    China Minmetals NonFerrous Metals Co., Ltd.72.59%
    Capital Research Global Investors4.03%
    The Vanguard Group, Inc.0.80%
    BlackRock Asset Management North Asia Limited0.74%
    BlackRock Institutional Trust Company, N.A.0.66%
    Dimensional Fund Advisors, L.P.0.50%
    Norges Bank Investment Management (NBIM)0.41%
    Harvest Global Investments Limited0.29%
    Russell Investments Limited0.12%
    BlackRock Advisors (UK) Limited0.11%
    Northern Trust Global Investments Limited0.10%
    BlackRock Investment Management (UK) Ltd.0.09%
    Oaktree Capital Management, L.P.0.08%
    Geode Capital Management, L.L.C.0.07%
    Gao (Xiaoyu)0.07%

    Beneficial Owners (known)

    As of: 31/10/2019Shares (%)
    State of China72.59

    Subsidiaries (known)

    As of: 31/12/2018Country
    Album Investment Pte LtdSingapore
    Album Resources Pte LtdSingapore
    Anvil Mining LimitedBritish Virgin Islands
    Minera Las Bambas S.A.Peru
    MMG Australia LimitedAustralia
    MMG Dugald River Pty LtdAustralia
    MMG Exploration Holdings LimitedHong Kong
    MMG Exploration Pty LtdAustralia
    MMG Finance LimitedHong Kong
    MMG Kinsevere SARLDRC
    MMG Management Pty LtdAustralia
    MMG Netherlands B.V.Netherlands
    MMG Resources IncCanada
    MMG South America Company LimitedHong Kong
    MMG South America Management Company LimitedHong Kong

    Tax Jurisdictions (known)

    Australia

    British Virgin Islands

    Canada

    DRC

    Hong Kong

    Netherlands

    Peru

    Singapore

    Switzerland

    Investor / State Disputes
    (since 2014)

    No case