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the mine of the Toromocho Project as notified by OEFA on 28 March 2014 due to an allegednon-compliance with environmental laws relating to certain water discharges. 30Chinalco believes that although this 14-day shutdown of mining activities did not have asignificant impact on the Toromocho Project, also did not produce substantial harm to theenvironment in Peru, but Chinalco still needs to pay high attention this event and learn lessonsfrom this case. Chinalco announced that for the interests of all stakeholders, it will furtherrequire all subsidiaries and projects comply with local laws and regulations, and welcomesupervisions and help from local communities in Peru. 31According to this project, it is clear that even a lot of money and work had been done beforethe launch of the project, accidents could happen, and cause unanticipated consequences toinvestor and local environment. This case offers a useful lesson to Zijin that environmentalmanagement is essential during the operation period of a project. This case also offers a goodmodel to Zijin: after the accident happened, Chinalco quickly updated its water dischargesystem and kept in touch with the Peruvian government agencies. That’s why the companycan quickly resume its actions in Peru, avoiding the potential long-term project shutdown risk.China Minmetals Corporation (CMC)Founded in 1950, CMC is a time-honored multinational group specializing in ferrous & nonferrousmetals, finance and real estate, with exploration, mining, smelting, processing andtrading for metals and minerals as its core undertaking, and financial services, real estatedevelopment, mining and metallurgic technology as its emerging business. With a headcountof 171,000, it has extended its business to 34 nations and regions in the world, and controlledeight listed subsidiaries at home and abroad. CMC took the 192nd place in Fortune Global500 and ranked 5th among global metal enterprises in 2013. At present, CMC is the globalleader in the output of antimony oxide, cemented carbide, and separated middle and heavyrare earths, as well as in the reserve of tungsten, antimony and bismuth.Upholding the idea of “cherishing limited resources and pursuing sustainable development”,CMC has been developing core competence and proactively undertaking social responsibilitiesin a bid to become a metal and mineral group providing quality services globally.CMC adheres to social responsibilities and maintains a proactive presence in localcommunities when operating overseas. Through production capacity purchases, overseascapital M&A, minerals risk exploration and development, strategic alliance and win-wincooperation, it has been dedicated to a broad engagement in global competition, a reasonableresource allocation in a global dimension, a routine performance of CSR, and a constructionof a business conglomerate of global competitiveness. While forging ahead for selfdevelopment,CMC also cares about its overseas employees, strives to minimize the impact ofits operation on local ecological environment, and marches forward together with its host30http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=5182616931http://www.askci.com/news/201404/16/161412282318.shtml76