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
China Minmetals Corporation is a Chinese metals and mineral Trader (finance), trading company headquartered in Beijing. It is a state-owned enterprise, state-owned corporation under direct supervision of the State-owned Assets Supervision and Adm ...
with 68%.
[Our Major Shareholder]
MMG
History
MMG was formed in June 2009, following the purchase of the majority of assets of
Oz Minerals by
China Minmetals
China Minmetals Corporation is a Chinese metals and mineral Trader (finance), trading company headquartered in Beijing. It is a state-owned enterprise, state-owned corporation under direct supervision of the State-owned Assets Supervision and Adm ...
.
In December 2010, MMG was acquired by Minmetals Resources, a subsidiary of China Minmetals and listed on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
.
[
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.][
In December 2015, MMG became a ]dual-listed company
A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs ar ...
when a secondary listing was made on the Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...
. It was delisted from the Australian Securities Exchange in December 2019.
Operations
MMG operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo and Peru.
Current
*Dugald River mine in Cloncurry
Cloncurry is a rural town and locality in the Shire of Cloncurry, Queensland, Australia. In the the locality of Cloncurry had a population of 2,719 people.
Cloncurry is the administrative centre of the Shire of Cloncurry.
Cloncurry is known as ...
, Queensland
)
, nickname = Sunshine State
, image_map = Queensland in Australia.svg
, map_caption = Location of Queensland in Australia
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, established_ ...
* Kinsevere mine in the Democratic Republic of Congo
The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...
*Las Bambas copper mine Las Bambas copper mine is an open-pit copper mine in the Cotabambas province of Peru. With over a billion tons of copper ore, the deposit is one of the largest in the world and produces 2% of global copper. Las Bambas also produces molybdenum concen ...
in Peru
, image_flag = Flag of Peru.svg
, image_coat = Escudo nacional del Perú.svg
, other_symbol = Great Seal of the State
, other_symbol_type = Seal (emblem), National seal
, national_motto = "Fi ...
(62.5%)
* Rosebery mine in Tasmania
)
, nickname =
, image_map = Tasmania in Australia.svg
, map_caption = Location of Tasmania in AustraliaCoordinates:
, subdivision_type = Country
, subdi ...
Former
*Century Mine
Century Mine was a large open cut zinc, lead and silver mine at Lawn Hill, northwest of Mount Isa in North West Queensland, Australia. It was Australia's largest open pit zinc mine. Discovered by CRA Limited, mining was initiated by Pasminco, ...
* Golden Grove Mine
*Sepon mine
The Sepon mine is one of the largest gold mines in Laos and in the world. The mine is in Savannakhet Province. The mine has estimated reserves of 7.65 million oz of gold
Gold is a chemical element with the symbol Au (from la, aurum) and a ...
MMG completes sale of Sepon mine
MMG 30 November 2018
References
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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