ANNUAL%20REPORT%202015%20eng

Recommendations

Info

Company Profile MISSION, VISION AND VALUES Our mission: To undertake safe and profitable mining and processing of mineral resources while promoting the development of Mongolia, through combination of modern technology and human endeavor Our vision: We strive to become a leading mining company in the region by maximising value for our shareholders and for the communities where we operate Our values and objectives: We recognise that people are our key asset. Therefore: • MMC places the safety of our personnel the highest priority • As a responsible employer, MMC provides equal employment opportunities within a meritocratic workplace We believe that modern and cost-efficient technology will bring sustainable growth and prosperity. Therefore: • MMC aims to use technology and innovate in the same to produce quality products safely at the lowest cost • MMC continues to contribute to the development of technical standards in the global extractive industry We are committed to environmental sustainability in our operations. Therefore: • MMC strives to minimise the impact on the environment • MMC complies with all required environmental standards, and takes further measures to prevent and mitigate potential environmental impact We are committed to socially responsible mining practices. Therefore: • MMC strives to build mutually beneficial relationships with local communities and officials • MMC contributes to social development through community development initiatives and other programs We are committed to transparent and fair business practices. Therefore: • MMC fosters mutually beneficial relationships with our suppliers and contractors • MMC develops, maintains and values long-term relationships with our customers We believe sound corporate governance is a cornerstone of MMC’s management and operations. Therefore: • MMC complies with the best international practices • MMC continues to cultivate a culture of corporate governance as an integral part of its ongoing organisational development Annual Report 2015 3
Corporate Information BOARD OF DIRECTORS Executive Directors Odjargal Jambaljamts (Chairman) Battsengel Gotov (Chief Executive Officer) Non-Executive Directors Oyungerel Janchiv Od Jambaljamts Gankhuyag Adilbish Independent Non-Executive Directors Khashchuluun Chuluundorj Unenbat Jigjid Chan Tze Ching, Ignatius REGISTERED OFFICE Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman, KY1-1111 Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG Level 54, Hopewell Centre 183 Queen’s Road East Hong Kong HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS IN MONGOLIA 16th Floor, Central Tower Sukhbaatar District Ulaanbaatar 14200 Mongolia COMPANY SECRETARY Ng Sin Yee, Clare INDEPENDENT AUDITOR KPMG 8th Floor, Prince’s Building 10 Chater Road Central, Hong Kong AUTHORISED REPRESENTATIVES Battsengel Gotov Ng Sin Yee, Clare LEGAL ADVISERS Davis Polk & Wardwell 18th Floor, The Hong Kong Club Building 3A Chater Road, Hong Kong Economic & Legal Consultancy LLP 6th Floor, Shonkhor Tower Genden Street 16 Sukhbaatar District Ulaanbaatar 211213 Mongolia Conyers Dill & Pearman 2901, One Exchange Square 8 Connaught Place Central, Hong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 4 Annual Report 2015
Page 1 and 2: (Incorporated in the Cayman Islands
Page 3: Company Profile Mongolian Mining Co
Page 7 and 8: Directors and Senior Management BOA
Page 9 and 10: Directors and Senior Management Gan
Page 11 and 12: Directors and Senior Management Une
Page 13 and 14: Directors and Senior Management SEN
Page 15 and 16: Group Structure 14 Annual Report 20
Page 17 and 18: Chairman’s Statement I believe th
Page 19 and 20: Management Discussion and Analysis
Page 53 and 54: Sustainability Report OUR APPROACH
Page 55 and 56:
Sustainability Report Fair operatin
Page 57 and 58:
Sustainability Report Figure 3. HR
Page 59 and 60:
Sustainability Report The Company
Page 61 and 62:
Sustainability Report In September
Page 63 and 64:
Sustainability Report Figure 5. LTI
Page 65 and 66:
Sustainability Report Biodiversity
Page 67 and 68:
Sustainability Report In 2015, appr
Page 69 and 70:
Sustainability Report There are num
Page 71 and 72:
Sustainability Report OUR COMMUNITY
Page 73 and 74:
Sustainability Report We receive gr
Page 75 and 76:
Sustainability Report As part of th
Page 77 and 78:
Sustainability Report Procurement W
Page 79 and 80:
Corporate Governance Report BOARD O
Page 81 and 82:
Corporate Governance Report Continu
Page 83 and 84:
Corporate Governance Report Remuner
Page 85 and 86:
Corporate Governance Report The Cor
Page 87 and 88:
Corporate Governance Report SHAREHO
Page 89 and 90:
Directors’ Report The Directors s
Page 91 and 92:
Directors’ Report Risk Management
Page 93 and 94:
Directors’ Report FINANCIAL STATE
Page 95 and 96:
Directors’ Report DIRECTORS’ SE
Page 97 and 98:
Directors’ Report DIRECTORS’ AN
Page 99 and 100:
Directors’ Report The basis of el
Page 101 and 102:
Directors’ Report Details of the
Page 103 and 104:
Directors’ Report RIGHTS TO PURCH
Page 105 and 106:
Directors’ Report ER pledged its
Page 107 and 108:
Directors’ Report At the time of
Page 109 and 110:
Independent Auditor’s Report OPIN
Page 111 and 112:
Consolidated Statement of Profit or
Page 113 and 114:
Consolidated Statement of Financial
Page 115 and 116:
Consolidated Cash Flow Statement Fo
Page 117 and 118:
Notes to Consolidated Financial Sta
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Financial Summary SUMMARY DATA OF C
Page 201 and 202:
Glossary and Technical Terms “FOT
Page 203 and 204:
Glossary and Technical Terms “Ore
Page 205 and 206:
Appendix I Technical details of the
Page 207 and 208:
Appendix I Criteria Commentary •
Page 209 and 210:
Appendix I Criteria Commentary Infr
Page 211 and 212:
Page 213 and 214:
show all

ANNUAL%20REPORT%202015%20eng

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?