Minmetals Resources Limited 2011 Sustainability Report (PDF)

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2Assurance Provider’s ResponsibilityOur responsibility is to express a limited assurance conclusion on whether the subject matter is presented in accordance withthe criteria. Our limited assurance engagement has been planned and performed in accordance with the InternationalFederation of Accountants’ International Standard on Assurance Engagements 3000: Assurance Engagements Other ThanAudits or Reviews of Historical Financial Information (‘ISAE 3000’), with regard to ICMM’s SD Framework: AssuranceProcedure. Our limited assurance engagement does not include any testing of controls or performing procedures relating tochecking aggregation or calculation of data within IT systems, which would have been performed under a reasonableassurance engagement. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis forour limited assurance conclusions.Level of AssuranceA limited assurance engagement consists of making enquiries and applying analytical and other limited assuranceprocedures. Our procedures were designed to provide a limited level of assurance and as such do not provide all theevidence that would be required to provide a reasonable level of assurance. While we considered the effectiveness ofmanagement’s internal controls when determining the nature and extent of our procedures, our review was not designed toprovide assurance on internal controls. We believe that the evidence we have obtained is sufficient and appropriate toprovide a basis for our limited assurance conclusions.Our ApproachOur procedures performed included, but were not limited to Interviewing a selection of MMG staff and management at both a site and corporate level responsible for subject matterand the preparation of the Report Reviewing the report to determine if material topics and performance issues identified during our procedures had notbeen adequately disclosed Sample testing of reported data, performance statements, claims and case studies included in the subject matter againstsupporting source information, MMG’s reported boundary and GRI’s principles of balance and completeness Sample testing as to whether the methods used for calculating data were not aligned with the stated criteria Reviewing selected management information and documentation supporting assertions made in the subject matter Reviewing MMG policies and standards and assessing alignment with ICMM’s 10 Sustainable Development Principles andother mandatory requirements as set out in ICMM’s Position StatementsInherent LimitationsThere are inherent limitations of any assurance engagement arising from the evidence on which the auditor drawsconclusions upon being persuasive, as it relies on selected data to be representative, rather than conclusive. There areadditional inherent risks associated with assurance over non-financial information including reporting against standardswhich require information to be assured against source data compiled using definitions that are developed by the reportingentity. Finally, principles of materiality and responsiveness are subjective and will be interpreted differently by differentstakeholder groups.Use of Our ReportOur limited assurance report has been prepared for distribution to the management and directors of MMG. We disclaim anyassumption of responsibility for any reliance on this assurance statement or on the subject matter to which it relates, to anyperson other than management and directors of MMG, or for any purpose other than that for which it was prepared.Our Independence and Assurance TeamIn conducting our assurance engagement we have met the independence requirements of the APES 110 Code of Ethics forProfessional Accountants. We have the required competencies and experience to conduct this assurance engagement.Matters relating to electronic presentation of the Sustainability ReportOur review included web-based information that was available via web links as of the date of this statement. We provide noassurance over changes to the content of this web-based information after the date of this assurance statement.Assurance conclusionOn the basis of our procedures for this limited assurance engagement, nothing has come to our attention that causes us tobelieve that subject matter has not been presented in accordance with the criteria.Ernst & YoungMelbourne, 4 May 201280
GLOSSARYRegularly occurring acronymsCEOChief executive officerCSRCorporate social responsibilityDERMDepartment of Environment and Resource Management (Queensland)DSADesigned storage allowanceEBITEarnings before interest and taxEBITDAEarnings before interest, tax, depreciation and amortisationEEOEnergy Efficiency OpportunitiesEISEnvironmental Impact StatementFIFO“Fly-in fly-out”GCAGulf Communities AgreementGRIGlobal Reporting InitiativeHKSEHong Kong Stock ExchangeICMMInternational Council on Mining and MetalsISO (including 14001) International Organisation for Standardisation of management standardsIZAInternational Zinc AssociationLao PDRLao People’s Democratic RepublicMCAMinerals Council of AustraliaMMGMinerals and Metals GroupMMRMinmetals Resources LimitedSHECSafety, health, environment and communityVDFVillage Development FundsWAFWater Accounting Framework (of the Minerals Council of Australia)Regularly occurring units of measureA$ Australian dollar(s)US$United States of America dollar(s)C$ Canadian dollar(s)GJGigajoules (of energy)MLMegalitres (of water or other liquid)µg/dLMicrograms per decilitre (of substance)KEY CONTACTSWe are interested in your comments on this report.Please contact James Porteous, Communications Advisor atjames.porteous@mmg.com with your feedback or suggestions.Head OfficeLevel 2328 Freshwater PlaceSouthbank Victoria 3006AustraliaT +61 3 9288 0888Websitewww.mmg.comStakeholder RelationsTroy HeyGeneral Manager – Stakeholder & Investor Relationstroy.hey@mmg.comInvestor RelationsColette CampbellGroup Manager – Investor Relationscolette.campbell@mmg.comMedia RelationsSally CoxGroup Manager – Communicationssally.cox@mmg.comShare ListingHong Kong Stock Exchange1208 – Minmetals Resources Limited81
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Material sustainability issuesp68 M
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OPERATIONS DEVELOPMENT PROJECTS SUS
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Social licenCe to operate > Our soc
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Our refined policy will provide bet
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FEATURE CASE STUDY:Making an impact
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FEATURE CASE STUDY:Century mine and
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Our approachWe strive for our peopl
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Gender diversityAchieving a balance
Page 30 and 31: HEALTH AND SAFETYWe adopt a continu
Page 32 and 33: JANJANFEBFEBMARMARAPRAPRMAYMAYJUNJU
Page 34 and 35: CASE STUDY: Rosebery stops the jobF
Page 36: CASE STUDY: Century and Tropical No
Page 39 and 40: Our approachWe are refining our und
Page 41 and 42: Stakeholder Stakeholder Groups Area
Page 43 and 44: CASE STUDY: Century mine closure pl
Page 45 and 46: Community development initiatives i
Page 47 and 48: CASE STUDY: Land access impacts Sep
Page 50 and 51: Stakeholder relationshipsStakeholde
Page 52 and 53: CASE STUDY: Unearthing “Cultural
Page 54 and 55: RESPECTING OURENVIRONMENTWe recogni
Page 56 and 57: ENVIRONMENTAL FLOWSSEEPAGE036REINJE
Page 58 and 59: unityEnergy use and carbon emission
Page 60 and 61: CASE STUDY: MMG Climate Change Stud
Page 62 and 63: CASE STUDY: Business and Biodiversi
Page 64 and 65: Mineral waste managementDuring our
Page 66 and 67: ReportableIncidentsNon-Compliancewi
Page 68 and 69: SUSTAININGOUR ECONOMICPERFORMANCEOu
Page 70 and 71: 150Minmetals Resources Limited’s
Page 72 and 73: Realising the full value of assetsE
Page 74: Management reporting and decision-m
Page 77 and 78: GRI CategoryGRIIndicatorNumberCommu
Page 79: ICMM 10 sustainabledevelopment Prin
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Minmetals Resources Limited 2011 Sustainability Report (PDF)

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