MMG Limited

MMG Limited is a mid-tier global resources company that mines, explores and develops base metal projects around the world. MMG's largest shareholder is China Minmetals with 68%.[1]

MMG Limited
TypePublic
SEHK: 1208
IndustryMining
Founded17 June 2009
HeadquartersMelbourne, Australia
Key people
Jiqing Xu (Chairman)
Liangang Li (CEO)
ProductsCopper, gold, lead, silver, zinc
RevenueUS$ 3.0 billion (2020)
US$ 1.4 billion (2020)
US$ 6 million (2020)
Websitewww.mmg.com

History

MMG was formed in June 2009, following the purchase of the majority of assets of Oz Minerals by China Minmetals.[2][3]

In December 2010, MMG was acquired by Minmetals Resources, a subsidiary of China Minmetals and listed on the Hong Kong Stock Exchange.[1][4]

In September 2012, Minmetals Resources Limited changed its registered company name to MMG Limited to align the assets already operating as MMG with the registered company name.[1]

In December 2015, MMG became a dual-listed company when a secondary listing was made on the Australian Securities Exchange.[5] It was delisted from the Australian Securities Exchange in December 2019.[6]

Operations

MMG operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo and Peru.[7]

Current

Former

References
  1. Our Major Shareholder MMG
  2. Our History Oz Minerals
  3. Minmetals launches new company amid flat demand ABC News 18 June 2009
  4. Minmetals Resources Limited successfully acquires MMG MMG 31 December 2010
  5. MMG commences trading on the ASX MMG 14 December 2015
  6. Voluntary Delisting from ASX Australian Securities Exchange 1 November 2019
  7. Mining operations MMG
  8. Dugald River MMG
  9. Kinsevere MMG
  10. Las Bambas MMG
  11. Rosebery MMG
  12. New life for Century MMG
  13. EMR Capital completes $US210m Golden Grove acquisition Australian Mining 1 March 2017
  14. MMG completes sale of Sepon mine MMG 30 November 2018
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