As they were taken on a two-day tour throughout TFM’s facilities on 3 - 4 May 2022, the delegation of international banks and IXM have seen firsthand TFM's production activities. IXM is a leading global metal trader wholly owned by CMOC and is responsible for selling all of TFM's copper and cobalt products. The delegation of banks consisted of eleven members from the European branches of banks and investment institutions such as ING, Natixis, Societe Generale, HSBC, Citi, Standard Chartered and BlackRock.
TFM guides showed the visitors around the mine, the process plant and some social achievements benefiting the community.
When at the mine, visitors were shown the quantity and quality of ores mined from deposits found in TFM Concession. And at the process plant, visitors were impressed by the state-of-the-art technology utilized at copper and cobalt plants, more importantly at the 10K plant.
They also checked the traceability process at the warehouse to ensure that the copper and cobalt from TFM are not mixed with illegal ASM when they arrive at IXM. TFM's sales manager introduced the barcode traceability system currently used for copper and cobalt products and TFM's participation in the pilot of the blockchain project Re|Source for cobalt products.
The most pleasant stage of the tour was the time when the Delegation visited some social achievements, including Dipeta Referral Health Center, that TFM constructed and equipped with medical materials, with the Center benefiting from a large batch of medical inputs every year. Attracting the visitors were also the New Mitumba Primary School and the Tenke Community Center, which offers an opportunity to community youth to acquire vocational skills training in Cutting & Sewing, Esthetics and Hairdressing, Small Vehicles Driving, Welding and Fitting, Heavy Machinery Driving , Computer as well as Literacy.
The visit culminated in a conference dinner, whereby CMOC Vice-President and TFM CEO Zhou Jun touted the company's development strategy for the current year and the future. "2022 is the year of major expansion projects intended to double our production capacity. Our 10K expansion project was successfully commissioned last year. The mixed ore project has seen some progress to date in accordance with our development planning; and by 2023 the company will have a capacity of over 200,000 tons of copper metal and 17,000 tons of cobalt metal per year. Along with the increase in production capacity, we will empower our workforce in building world-class projects and strengthen our modern governance approach across the company."
Mr. Zhou Jun took that opportunity to advocate for the company: “Going forward, TFM remains committed to providing stable, high-quality, and responsible raw materials for batteries. It is our hope that you will continue to support both TFM and CMOC Group and provide us with more suggestions and ideas to help us move forward.
Besides, a joint presentation from CMOC group, TFM and IXM demonstrated the ESG framework and practices at different levels, as a response to the responsible sourcing request of the international markets and the mission of becoming a “Highly respected, modern, and world-class resources company”. Julie Liang, ESG Director at CMOC, presented the Group's ESG governance structure and overview; Dorothée Masele, TFM Community Development Manager, introduced TFM's risk management system and good practices in specific areas such as human rights, environment and community; Julien Chassaing, Head of Treasury & Financing, and Ajay Ramchandani, Head of Compliance Insurance & Risk at IXM, presented IXM's trading flows in Africa and ESG ratings.
Although it proved to be short-lived, the visit was very fascinating in the eyes of the delegation of IXM and international banks, with the visitors confirming the same through the comments they then recorded in the guestbook:
Alla Ferreiro Hermida from Societe Generale: "It was a great pleasure to visit you and learn about TFM and all that you do for the community. Thank you very much for your reception and hospitality". Visitors have departed the site with positive image of TFM and DRC mines.