MMG Limited: Difference between revisions
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Revision as of 12:46, 25 March 2022
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| Company type | Public |
|---|---|
| SEHK: 1208 | |
| Industry | Mining |
| Founded | 17 June 2009 |
| Headquarters | Melbourne, Australia |
Key people | Guo Wenqing (Chairman) Geoffrey Gao (CEO) |
| Products | Copper, gold, lead, silver, zinc |
| Revenue | US$ 3.0 billion (2020) |
| US$ 1.4 billion (2020) | |
| US$ 6 million (2020) | |
| Website | www.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
- Dugald River mine in Cloncurry, Queensland[8]
- Kinsevere mine in the Democratic Republic of Congo[9]
- Las Bambas copper mine in Peru (62.5%)[10]
- Rosebery mine in Tasmania[11]
Former
References
- ^ a b c Our Major Shareholder MMG
- ^ Our History Oz Minerals
- ^ Minmetals launches new company amid flat demand ABC News 18 June 2009
- ^ Minmetals Resources Limited successfully acquires MMG MMG 31 December 2010
- ^ MMG commences trading on the ASX MMG 14 December 2015
- ^ Voluntary Delisting from ASX Australian Securities Exchange 1 November 2019
- ^ Mining operations MMG
- ^ Dugald River MMG
- ^ Kinsevere MMG
- ^ Las Bambas MMG
- ^ Rosebery MMG
- ^ New life for Century MMG
- ^ EMR Capital completes $US210m Golden Grove acquisition Australian Mining 1 March 2017
- ^ MMG completes sale of Sepon mine MMG 30 November 2018
- Companies based in Melbourne
- Companies formerly listed on the Australian Securities Exchange
- Companies listed on the Hong Kong Stock Exchange
- Dual-listed companies
- Copper mining companies of Australia
- Gold mining companies of Australia
- Government-owned companies of China
- Lead mining companies
- Metal companies of China
- Silver mining companies
- Zinc mining companies