Our history

Our company, MMG Limited, was originally known as 'Minerals and Metals Group'.

Minerals and Metals Group was formed in June 2009 following the purchase of the majority of assets of OZ Minerals Limited (OZ Minerals) by China Minmetals Corporation (CMC) through its subsidiary China Minmetals Non-ferrous Metals Co. Ltd (CMN).

In December 2010, Minerals and Metals Group was acquired by Minmetals Resources Limited a subsidiary of CMC that was listed on the Stock Exchange of Hong Kong Limited (Stock Code: 1208).

In September 2012, the company changed its registered English company name from Minmetals Resources Limited to MMG Limited to align the assets already operating as ‘MMG’ with the registered company name.

MMG completed a secondary listing on the Australian Securities Exchange in December 2015. MMG securities are listed on the ASX through Chess Depository Instruments (CDI) under the ticker code 'MMG'. 

Timeline

July 1988

Minmetals Resources is incorporated in Hong Kong. Its focus is commodities trading and fabrication.

December 1994

Minmetals Resources is listed on the Stock Exchange of Hong Kong Limited under Stock Code 1208.

June 2009

Minerals and Metals Group (MMG) is formed.

MMG is formed following CMC’s acquisition of the majority of OZ Minerals’ assets through CMC’s subsidiary CMN. This included the Century, Golden Grove, Rosebery and Sepon mines; the Dugald River and Izok Corridor development projects; and a range of exploration tenements. MMG is 100% owned by CMN.

December 2010

Minmetals Resources Limited (Minmetals Resources), a subsidiary of China Minmetals, acquires MMG. Approximately 72% shares of shares in Minmetals Resources are owned by CMN, and 28% are owned by the public.

April 2011

Minmetals Resources issues 762,612,000 ordinary shares to independent third parties and 1,560,000,000 ordinary shares to CMN following the conversion by CMN Of perpetual sub-ordinated convertible securities (PSCS).

September 2011

Minmetals Resources conditionally divests the trading, fabrication and downstream businesses to CMN in order to focus on its upstream base metals assets. The divested assets, predominantly located in China, included Minmetals Aluminium Co. Ltd., North China Aluminium Co. Ltd., North China Aluminium Co. Ltd., Yingkou Orienment Plica Tube Company Limited and Changzhou Jinyuan Copper Co., Ltd. and their respective subsidiaries. The sales of Minmetals Aluminium Co. Ltd., and North China Aluminium Co. Ltd. were completed in December 2011 and the sales of Yingkou Orienment and Changzhou Jinyuan were completed in May 2012.

March 2012

Minmetals Resources acquires Anvil Mining Limited which includes the Kinsevere mine and Mutoshi development project in the Democratic Republic of the Congo (DRC).

September 2012

The company changes its registered English company name from Minmetals Resources Limited to MMG Limited.

August 2014

MMG Ltd, Guoxin International Investment Corporation. Limited and CITIC Metal Co., Ltd purchase the Las Bambas project from Glencore plc.

December 2015

MMG completed a secondary listing on the Australian Securities Exchange. MMG securities are listed on the ASX through Chess Depository Instruments (CDI) under the ticker code 'MMG'.

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