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{{Use dmy dates|date=November 2019}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
{{Infobox company
| name = MMG Limited
|name = MMG Limited
| logo = Minerals and Metals Group (MMG) logo.svg
|logo = Minerals and Metals Group (MMG) logo.svg
| logo_size = 125px
|logo_size = 125
| type = [[Public]]
|type = [[Public]]
|traded_as = {{HKEX|1208}}
| foundation = 17 June 2009
|foundation = 17 June 2009
| location = [[Melbourne]], [[Australia]]
|location = [[Melbourne]], Australia
| key_people = Guo Wenqing, [[Chairman]]<br>Geoffrey (Xiaoyu) Gao, [[Chief executive officer|CEO]]<br>Ross Carroll, [[Chief financial officer|CFO]]<br>Suresh Vadnagra, [[EGM Operations – Africa and Australia]]<br>Troy Hey, EGM Corporate Relations<br>Wei Jianxian, EGM Operations - Americas<br>Li Liangang, EGM - Commercial
|key_people = Guo Wenqing ([[Chairman]])<br>Geoffrey Gao ([[Chief executive officer|CEO]])
| industry = [[Mining (Minerals and Resources)]]
|industry = [[Mining]]
| products = [[Zinc]]<br/>[[Copper]]<br/>[[Lead]]<br/>[[Gold]]<br/>[[Silver]]
|products = [[Copper]], [[gold]], [[lead]], [[silver]], [[zinc]]
⚫
| homepage = [http://www.mmg.com/ www.mmg.com]
|revenue = [[US dollar|US$]] 3.0 billion
}}
|revenue_year = 2020
|operating_income = [[US dollar|US$]] 1.4 billion
|income_year = 2020
|net_income = [[US dollar|US$]] 6 million
|net_income_year = 2020
⚫
|homepage = [http://www.mmg.com/ www.mmg.com]}}


'''MMG Limited''' ('''MMG'''; {{hkex|1208}}; {{asx|MMG}}), is a mid-tier global resources company that mines, explores and develops base metal projects around the world. MMG's major shareholder is China Minmetals Corporation (CMC), a Chinese state-owned enterprise. CMC owns approximately 75% of MMG's shares.<ref name="MMG's webpage">[http://www.mmg.com/en/About-Us/Company-Overview/Our-major-shareholder.aspx MMG's Webpage | About Us: Our Major Shareholder]</ref>
'''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%.<ref name=Overview>[https://www.mmg.com/who-we-are/company-overview/ Our Major Shareholder] MMG</ref>


==History==
==History==
Minerals and Metals Group was formed in June 2009, following the purchase of the majority of assets of [[OZ Minerals]] (ASX:OZL) by [[China Minmetals Corporation]] (CMC) through its subsidiary China Minmetals Nonferrous Metals Co. Ltd (CMN). Minerals and Metals Group became commonly referred to as MMG.
MMG was formed in June 2009, following the purchase of the majority of assets of [[Oz Minerals]] by [[China Minmetals]].<ref>[http://web.archive.org/web/20210227085858/https://www.ozminerals.com/about/our-history/ Our History] [[Oz Minerals]]</ref><ref>[https://www.abc.net.au/news/2009-06-18/minmetals-launches-new-company-amid-flat-demand/1324742 Minmetals launches new company amid flat demand] ''[[ABC News (Australia)|ABC News]]'' 18 June 2009</ref>


In December 2010 MMG was acquired by Minmetals Resources Limited, a subsidiary of China Minmetals Corporation and listed on the Stock Exchange of Hong Kong Limited (Stock Code: 1208).<ref name="2012report">[http://www.mmgroupltd.com/common/files/MMG_2009_Full_Financial_Report_100322.pdf MMG Financial Report 2009 Minerals and Metals Group]</ref>
In December 2010, MMG was acquired by Minmetals Resources, a subsidiary of China Minmetals and listed on the [[Hong Kong Stock Exchange]].<ref name=Overview/><ref>[https://www.mmg.com/media-release/minmetals-resources-limited-successfully-acquires-mmg-d75/ Minmetals Resources Limited successfully acquires MMG] MMG 31 December 2010</ref>


In September 2012 Minmetals Resources Limited changed its registered English company name to MMG Limited to align the assets already operating as ‘MMG’ with the registered company name.
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.<ref name=Overview/>


In December 2015, MMG became a [[dual-listed company]] when a [[secondary listing]] was made on the [[Australian Securities Exchange]].<ref>[https://web.archive.org/web/20210908113105/https://www.mmg.com/media-release/mmg-commences-trading-on-the-asx-d26/ MMG commences trading on the ASX] MMG 14 December 2015</ref> It was delisted from the Australian Securities Exchange in December 2019.<ref>[https://www.asx.com.au/asxpdf/20191101/pdf/44b63tkzx6xzvw.pdf Voluntary Delisting from ASX] [[Australian Securities Exchange]] 1 November 2019</ref>
In 2016, MMG was ranked as the third-highest of 92 oil, gas, and mining companies in terms of their public commitment to the rights of indigenous people in the Arctic.<ref>{{Cite web|url=https://www.researchgate.net/publication/313474088|title=Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic|last=Overland|first=Indra|date=2016|website=ResearchGate|publisher=Arran|access-date=2 August 2018}}</ref>

In 2021, MMG was ranked no. 15 among 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).<ref>Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. ''Business Strategy and the Environment''. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698</ref>


==Operations==
==Operations==
MMG operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo and Peru.<ref>http://www.mmg.com/en/Our-Operations/Mining-operations.aspx</ref>
MMG operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo and Peru.<ref>[http://www.mmg.com/en/Our-Operations/Mining-operations.aspx Mining operations] MMG</ref>
===Current===
*Dugald River mine in [[Cloncurry]], [[Queensland]]<ref>[http://www.mmg.com/en/Our-Operations/Mining-operations/Dugald-River.aspx Dugald River] MMG</ref>
*[[Kinsevere]] mine in the [[Democratic Republic of Congo]]<ref>[https://www.mmg.com/our-business/kinsevere/ Kinsevere] MMG</ref>
*[[Las Bambas copper mine]] in [[Peru]] (62.5%)<ref>[https://www.mmg.com/our-business/las-bambas/ Las Bambas] MMG</ref>
*[[Rosebery, Tasmania|Rosebery]] mine in [[Tasmania]]<ref>[https://www.mmg.com/our-business/rosebery/#Rosebery_Blurb Rosebery] MMG</ref>


===Former===
MMG owns and operates the [[Las Bambas copper mine]] in [[Peru]], the [[Kinsevere]] mine in the [[Democratic Republic of Congo]], and in [[Australia]] the Dugald River mine at [[Cloncurry]], [[Queensland]]<ref>http://www.mmg.com/en/Our-Operations/Mining-operations/Dugald-River.aspx</ref> and the [[Rosebery, Tasmania|Rosebery]] mine in [[Tasmania]].<ref>http://www.mmg.com/en/Our-Operations/Mining-operations.aspx</ref>
*[[Century Mine]]<ref>[https://www.mmg.com/media-release/170228-new-life-for-century-d98/ New life for Century] MMG</ref>

*[[Golden Grove Mine]]<ref>[http://web.archive.org/web/20201020142607/https://www.australianmining.com.au/news/emr-capital-completes-us210m-golden-grove-acquisition/ EMR Capital completes $US210m Golden Grove acquisition] ''Australian Mining'' 1 March 2017</ref>
During 2014, MMG completed the purchase of the [[Las Bambas copper mine|Las Bambas copper mine project]], a [[copper]]-[[gold]]-[[molybdenum]] deposit located in the [[Apurímac Region]] of [[Peru]] – a joint venture between the operator, MMG (62.5%); a wholly owned subsidiary of Guoxin International Investment Co. Ltd (22.5%); and CITIC Metal Co. Ltd (15.0%). A conflict in 2015 between police and local people protesting against the project resulted in at least three deaths and 17 injuries.<ref>{{Cite web|title = Peru anti-mining protest sees deadly clashes – BBC News|url = https://www.bbc.com/news/world-latin-america-34389803|accessdate = 2015-09-30}}</ref>
*[[Sepon mine]]<ref>[https://www.mmg.com/media-release/181130-mmg-completes-sale-of-sepon-mine/ MMG completes sale of Sepon mine] MMG 30 November 2018</ref>

MMG also owns the Izok Corridor base metals project in [[Nunavut]], north-west [[Canada]].


==References==
==References==
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{{authority control}}
{{authority control}}


[[Category:Companies established in 2009]]
[[Category:Companies based in Melbourne]]
[[Category:Companies formerly listed on the Australian Securities Exchange]]
⚫
[[Category:Zinc mining companies]]
[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Dual-listed companies]]
[[Category:Copper mining companies of Australia]]
[[Category:Copper mining companies of Australia]]
⚫
[[Category:Lead mining companies]]
[[Category:Gold mining companies of Australia]]
[[Category:Gold mining companies of Australia]]
⚫
[[Category:Silver mining companies]]
[[Category:Government-owned companies of China]]
[[Category:Government-owned companies of China]]
[[Category:Companies based in Melbourne]]
[[Category:Lead mining companies]]
[[Category:Metal companies of China]]
[[Category:Metal companies of China]]
⚫
[[Category:Silver mining companies]]
⚫
[[Category:Zinc mining companies]]

Revision as of 05:36, 9 September 2021

MMG Limited
Company typePublic
SEHK: 1208
IndustryMining
Founded17 June 2009
HeadquartersMelbourne, Australia
Key people
Guo Wenqing (Chairman)
Geoffrey Gao (CEO)
ProductsCopper, gold, lead, silver, zinc
RevenueUS$ 3.0 billion (2020)
US$ 1.4 billion (2020)
US$ 6 million (2020)
Websitewww.mmg.com

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]

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. ^ a b c 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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