In 2023, Tenke Fungurume Mining continued to excel in the mining sector, producing 280,297 tons of copper cathode, a notable increase compared to the previous year. The company also showcased its dedication to supplying essential materials by producing 21,592 tonnes of cobalt metal in cobalt hydroxide form, demonstrating its commitment to the global market.
Beyond its operational success, Tenke Fungurume Mining prioritized corporate social responsibility by contributing over USD 1.1 billion to taxes and other public treasury payments, highlighting its support for the economic growth of the Democratic Republic of Congo.
The company’s long-term investment in community development, totaling USD 284.02 million since 2006, underscores its sustained efforts to support local populations. Allocating 0.3% of its turnover to community projects affirms Tenke Fungurume Mining’s commitment to sustainability and benefit-sharing with neighboring communities.
Furthermore, Tenke Fungurume Mining’s contributions to the Community Social Fund, formerly the TFM Community Social Fund, reflect its engagement in the social and economic progress of the areas of operation. With investments amounting to USD 68.83 million, the company focuses on enhancing the quality of life and fostering sustainable development among local communities.
Acting as a responsible corporate citizen, Tenke Fungurume Mining fulfills its financial and social responsibilities to the Democratic Republic of Congo through tax payments, infrastructure investments, and contributions to the Community Social Fund, showcasing its dedication to the country’s economic and social advancement.
In conclusion, Tenke Fungurume Mining stands as a prominent player in the Congolese mining industry, delivering significant economic benefits while actively engaging in sustainable development and corporate social responsibility initiatives. Its transparent practices and support for local communities set a commendable example for other mining industry participants.
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