1. The Asia Century
.
Chair: Robyn Leeson, Director, Net Balance Foundation;
Member, GRI Stakeholder Council
Amanda Keogh, Sustainability Manager, Fuji Xerox Australia
Kane Hardingham, Environment Manager, Woolworths Limited
James Porteous, Communications Advisor, MMG

2. A SUSTAINABLE PATHWAY
China Minmetals Corporation (CMC)
And
Minerals and Metals Group (MMG)
‘The Asia Century’
GRI Focal Point Australia conference
27 March 2012, Melbourne
James Porteous
Members of the Minmetals Resources Limited group of companies (HKEx:1208)

3. MMG and CMC – A SUSTAINABLE PATHWAY
• MMG majority shareholder (72%), China Minmetals
State-owned enterprise
China Minmetals Corporation, Corporation
only Chinese company in United Nations
Global Compact LEAD program China Minmetals
Public shareholders
Non-ferrous Metals
• MMG is headquartered in Melbourne
72% 28%
• Listed in Hong Kong under MMR Minmetals
Resources
• Mining in Australia, Asia and Africa
• Primary products include zinc, copper,
gold, silver and lead. International sales. 2010 MMG
• Major growth projects in Australia,
Canada and now the DR Congo Anvil
2012
Mining
• Exploration in Australia, Canada, the USA,
Chile, Indonesia, Africa and Jamaica
• MMG revenues hedge CMC costs

4. MMG - OVERVIEW OF ASSETS
Production
Sepon (Laos) Copper/gold
Century (Australia) Zinc/lead/silver
Golden Grove (Australia) Zinc/copper/lead/gold/silver
Rosebery (Australia) Zinc/copper/lead/gold/silver
Kinsevere (DR Congo) Copper/gold
Development / exploration
Legend:
Avebury (Australia) Nickel (development**)
Dugald River
Operating assets
(Australia) Zinc/lead/silver (development)
Development assets Izok Lake (Canada) Zinc/copper/lead/silver (development)
Exploration areas High Lake (Canada) Zinc/copper/lead/silver (development)
Exploration areas Australia, Indonesia, Canada, Jamaica
Bauxite exploration Jamaica
** The Avebury operation is currently on care and maintenance.
4

5. CHINA MINMETALS CORPORATION (CMC)
• Established 1950, one of China’s largest and most awarded state-owned
enterprises. Over 20 years operation in Australia
• Engaged in the development, production, trading and integrated services
of metals and minerals products. Also finance, real estate, logistics and
technical R&D mining and metallurgy
• Revenue >US$39.1 billion, 168,000 employees
• Joined the Global Compact Environmental Stewardship Project consisting
of only 20 members worldwide in Oct., 2009
• Endorsed Caring for Climate Signatory in May, 2010
• Became founding member of Global Compact LEAD in Nov. 2010

6. CMC – SUSTAINABILITY DRIVEN
‘Thinking Global, Acting Local’
• CSR integrated across all facets of operations
• High sensitivity to achieving best-practice CSR
• Commitment to local community investment
• Proactive, broad stakeholder engagement
Eternity;
• Fundamental to operational success Tenacity;
Radiance;
Transparency
2011 – MMR Australian sustainability report
> First Chinese company sustainability report launched in Australia
> A demonstrable lead for other Chinese organisations in CSR
> Increase international understanding of CMC’s CSR commitments
‘Building a responsible Minmetals and co-creating a bright future’

7. MMG - GLOBAL ENGAGEMENT
• First Chinese-controlled full council member of International Council on
Mining and Metals (ICMM)
• GRI engagement through ICMM’s 10 Principles. ICMM alignment process
• Member and current chairperson (Andrew Michelmore) International Zinc
Association
• Regional mining and metals association membership – Minerals Council of
Australia, Mining Association of Canada.
• Global Reporting Initiative A+ Sustainability Reporter
• Engaging international community partnerships – UNICEF Zinc Saves Kids
Fundamental integration of CSR across strategy and operations –
seeking leadership opportunities. Proactive - not reactive.
7

8. MMG - OUR STRATEGY
Build a major international upstream diversified base metals group…
• Top 3 of mid-tier resource companies within 5 years
• Outside China. Global Sales
• Mining. First stage processing – not smelting
• Copper, Zinc and Nickel, Bauxite/Alumina
…through internal exploration and development opportunities as well
as M&A.
Committed to being the next generations’ leading global diversified base
metals business, a standard bearer for CSR integration, an operator and
employer of choice.
“We must leave an area better off than when we arrived - that is the
challenge for all mining companies.” Andrew Michelmore, CEO, MMG

9. MMG’s CSR – ADVANTAGES OF CMC OWNERSHIP
• One major shareholder – reduces usual shareholder pressure on profit
before CSR performance, allows longer effort timeframe in CSR results
• Internal competition for investment capital – incentivises good behaviour
• Sensitivity to perception of Chinese operations means CSR investment
and willingness to learn fast
• Capital for CSR and operational investment more available
• China (and CMC) also have committed foreign aid funds

10. EMBRACING A BROADER PERSPECTIVE
Take home points
• Our current CSR frameworks (such as GRI) are largely western, European-
centric in approach – there are some fundamental cultural challenges for
Eastern organisations in participating
• Eastern nations and companies have a time and development gap to
bridge as well. However, they bring valuable new perspective,
approaches and learning to CSR thinking
• Eastern and Chinese companies are not all the same – as is the case for
western ones
James Porteous
Communications Adviser, MMG
James.Porteous@MMG.com