Kinsevere social endowment fund

Written by MMG Limited     March 1 2023 at 10:39 AM

Kinsevere’s community development team worked with its nearby communities and local government representatives on a range of issues in 2022, including water discharge, artisanal mining and road safety near our powerline road. We also continued to collaboratively develop sustainable investment programs and initiatives, including the ongoing work to implement the five-year community investment known as the Cahier de Charge.

 

MMG Kinsevere’s social endowment fund is managed in collaboration with local DRC communities and regulatory bodies as set out in the DRC Mining Code, building sustainable social development projects including infrastructure works. In 2022 MMG Kinsevere contributed nearly US$5.8 million to fund critical social investment and infrastructure projects in our local communities. This investment represents 0.3% of Kinsevere’s turnover from June 2018 to October 2022. The DRC Minister of Mines appointed committee members in an official ceremony. A recent member training session is facilitating fund management and project allocation capacity, further promoting ongoing training and development.

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