FCA member since June 2021
CMOC is an international mineral resources company engaged in exploration, mining, processing, refining, marketing, and trading of mineral products. With its main business presence in Asia, Africa, South America, Oceania, and Europe, CMOC is a leading producer of tungsten, molybdenum, cobalt and niobium as well as an important copper producer. As a global mining company which has obtained a first tier MSCI ESG rating, CMOC follows the highest international ESG practices. CMOC is listed on the Shanghai and Hong Kong stock exchanges and currently employs approximately 21,000 personnel and contractors globally.
CMOC holds 80% equity in Tenke Fungurume Mining (TFM), which engages in exploring, mining, processing, and selling copper and cobalt in a mining concession that covers over 1,500 sq. km. The concession’s main products are copper cathode and cobalt hydroxide. In addition, CMOC is also the controlling shareholder of the Kisanfu copper-cobalt mine, which is also located in the Democratic Republic of the Congo (DRC). The Kisanfu mine is one of the world’s largest, highest-grade undeveloped cobalt and copper projects.
“CMOC is a key player in the global mining sector and is committed to ensuring all mineral production meets the highest standards. As a large industrial miner that maintains strict product control and custody procedures, ASM sits outside of our own cobalt supply chain but we recognize that ASM, and those communities reliant on it, should not be neglected.
In consideration of the complex issues to address such as poverty-driven child labour and working conditions at ASM sites, the FCA advocates for supply chain wide collaboration and coordination of efforts on the ground. We are proud to be supporting the work of the FCA.”
LIANG Wei Julie