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 LimitedJames Porteous, Communications Advisor, MMG

Members of the Minmetals Resources Limited group of companies (HKEx:1208)

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

MMG and CMC – A SUSTAINABLE PATHWAY

• MMG majority shareholder (72%), China Minmetals Corporation, only Chinese company in United Nations Global Compact LEAD program

• MMG is headquartered in Melbourne

• Listed in Hong Kong under MMR

• Mining in Australia, Asia and Africa

• Primary products include zinc, copper, gold, silver and lead. International sales.

• Major growth projects in Australia, Canada and now the DR Congo

• Exploration in Australia, Canada, the USA, Chile, Indonesia, Africa and Jamaica

• MMG revenues hedge CMC costs

Anvil Mining

China Minmetals Corporation

China Minmetals Non-ferrous

Metals

Minmetals Resources

MMG

Public shareholders

72% 28%

2010

2012

State-owned enterprise

Legend:Development / explorationAvebury

(Australia) Nickel (development**)

Dugald River (Australia) Zinc/lead/silver (development)

Izok Lake (Canada)

Zinc/copper/lead/silver (development)

High Lake (Canada)

Zinc/copper/lead/silver (development)

Exploration areasAustralia, Indonesia, Canada,

Jamaica

Bauxite exploration Jamaica

ProductionSepon (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

Operating assets

Development assets

Exploration areas

** The Avebury operation is currently on care and maintenance.

4

MMG - OVERVIEW OF ASSETS

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

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

• Fundamental to operational success

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

Eternity; Tenacity;Radiance;

Transparency

‘Building a responsible Minmetals and co-creating a bright future’

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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.

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

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

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 PorteousCommunications Adviser, MMGJames.Porteous@MMG.com