How do we create value
for ourstakeholders?
OUR VALUE
PROPOSITION
02
Building a better tomorrow!
Our value
proposition
Our business creates value for each of our stakeholder groups in a way that is consistent with our purpose and company values.
How do we create value
Our main
products
01
Molybdenum (Mo)
Oxide, Ferromolybdenum, Pure products and other products in diverse formats.
02
Rhenium (Re)
Rhenium metal powder and briquettes.
03
By-products
Copper Cement and Sulfuric acid.
We have
207
Million pounds of Molybdenum capacity installed at a global level
Business Lines
Based on these products, our
business lines are follows:
business lines are follows:
01
Own sales
We purchase molybdenum concentrates (molybdenite) and use our processing technology to produce a wide range of molybdenum products like molybdenum oxide or pure products which are sold to various customers in global steel and chemical industries.
02
Tolling
We do business with several mining companies who send molybdenite to us. For a tolling fee, we transform the raw concentrates into molybdenum oxide and send them back as commercial products.
03
By-products
Through our roasting and oxidation processes we recover byproducts like rhenium, copper cement and sulfuric acid.
1.896.964
Total EVG
Total EVG
(Economic value generated)
1.810.930
Total DEV
Total DEV
(Distributed economic value)
86.034
Retained economic value
Retained economic value
(EVG-DEV)
Our
purpose journey
Our purpose journey has followed a 4-stage path: Discovery, Articulation, Activation and finally, during 2022: Internalization. The objective of this final stage has been to reinforce purpose throughout our company and communities through an intense communication campaign and activities that seek to reflect on the meaning of being part of Molymet for each employee and the importance of their work in creating value – in this way aligning intention with our strategic agenda.
2022
ACTIVITIES
During 2023 our focus will be on measuring and managing the internalization of purpose with the downscaling of the Purpose Strength Model®.
Innovation
Be the
Change
2022
Research, development and innovation are essential pillars of our Strategic Agenda. As a key tool incompany growth,they underpin our 2030 Sustainability Agenda commitments.
By 2030, we are committed to increasing resources to innovate in all aspects of the business, promoting initiatives in different areas and developing new lines of business. In this regard, we have an Intellectual Property
Policy to stimulate the protection of knowledge generated by the different areas of the company and a Diversification Investment Policy to facilitate evaluation of business opportunities in areas of innovation linked to our main business lines. We also have an Innovation Committee to promote the development and stimulation of an innovative culture at all levels.
By 2030, our commitment is to invest at least 1% of revenue in innovation and 5% of EBITDA contribution from diversification.
Key
projects 2022
I. New Source of Mo supply 1.1 Molybdenum from small and medium-sized mines
1.2 Mo recovery from spent catalysts
1.2 Mo recovery from spent catalysts
II. Rhenium Market Development 2.1 Rhenium in Green Hydrogen
2.2 Rhenium in the Race to Space
2.2 Rhenium in the Race to Space
III. Diversification to Strategic Metals – Lithium Projects 3.1 Purification and Transformation
3.2 Lithium Metal Production
3.2 Lithium Metal Production
IV. MolymetNos Modernization Project
Molymet
Sustainability
Agenda
2030
Sustainability guides our daily work because we know that every positive action counts towards the well-being of the planet. Through the Molymet 2030 Sustainability Agenda, we have committed
to concrete goals, plans and initiatives related to environmental, social, economic and Governance issues. Together, these contribute to the fulfillment of Sustainable Development Objectives (SDGs).
The table below shows the work carried out during 2022 and compares progress made against 2021.
SDG
Commitment
2021
2022
Goal 2030
By 2030 exceed the Labor Relations Index industry average by 10 points based on 2021
2021
62,7
2022
62,7
Goal 2030
72,2
By 2030 increase training hours per employee by 15% based on 2020
2021
35
2022
29
Goal 2030
42
By 2030 improve indicators of positive perception of Diversity, Equity and Inclusion (DEI) by 10% based on 2021
2021
59,4
2022
59,4
Goal 2030
65
By 2030 increase the number of women in leadership positions to 30% based on 2020
2021
23%
2022
23%
Goal 2030
30%
By 2030 invest at least 1% of moving net average income in community development projects
2021
0,5%
2022
0,4%
Goal 2030
1%
By 2030 reduce greenhouse gas emissions by 20%, applying carbon footprint measurement methodology for scope 1 and 2 based on 2020 (TonCO2)
2021
77 mil
2022
63,5 mil
Goal 2030
60 mil
By 2030 increase recycling of water by 64% based on 2020
2021
59%
2022
54,7%
Goal 2030
64%
By 2030 reduce water intensity by 10% based on 2020.
2021
7,9
2022
8,4
Goal 2030
6,5
By 2030 increase net consumption of renewable energy by 60% based on 2020
2021
48%
2022
72%
Goal 2030
60%
By 2030 increase waste valorization by 40% based on 2020.
2021
18%
2022
16%
Goal 2030
40%
By 2030 5% of EBITDA contribution should be due to diversification based on the moving average of the last 5 years.
2021
0%
2022
0,06%
Goal 2030
5%
By 2030 at least 1% of income to be invested in innovation based on the moving average of the last 5 years.
2021
0,9%
2022
0,8%
Goal 2030
1%
We invite you to download and review our 2030 Sustainability Agenda for more detail.