MMG Limited
 | |
| Company type | Public |
|---|---|
| Industry | Mining (Minerals and Resources |
| Founded | 17 June 2009 |
| Headquarters | Melbourne, Australia |
Key people | Guo Wenqing, Chairman Jerry (Jian) Jiao, CEO Ross Carroll, CFO Mark Davis, EGM Operations - Africa, Australia and Asia Suresh Vadnagra, EGM Operations – Americas Greg Travers, EGM Business Support Troy Hey, EGM Stakeholder Relations Xu Jiqing, EGM Marketing and Risk |
| Products | Zinc Copper Lead Gold Silver |
| Website | www.mmg.com |
MMG Limited (MMG; SEHK: 1208; ASX: MMG), is a mid-tier global resources company that mines, explores and develops base metal projects around the world.
MMG’s vision is to build the world’s most respected diversified base metals company. Their long-term outlook, pride in mining, commitment to international standards and respect for people, land and culture underpin their success. MMG’s slogan is We Mine for Progress.
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.
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).[1]
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.
Operations
MMG operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo, Laos and Peru. It also have significant exploration projects and partnerships across Australia, Africa and the Americas.
MMG owns and operates the Lane Xang Minerals Limited (LXML) Sepon mine in Laos, the Kinsevere mine in the Democratic Republic of Congo, and the Dugald River mine, and Rosebery mines in Australia.
During 2014, MMG completed the purchase of the Las Bambas copper mine project, a copper-gold-molybdenum deposit located in the Apurimac Region of Peru.[4] Las Bambas is a joint venture project 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%).
MMG also owns the Izok Corridor base metals project in Nunavut, north-west Canada.