Following its formation in June 2009, the Minerals and Metals Group (MMG) was pleased to release production results from its first four months of operation and an update on its operations and exploration programs today.
Chief Executive Officer Mr Andrew Michelmore said that the formation of MMG had created the opportunity to establish a leading minerals and metals business, headquartered in Melbourne, with operations in Australia and Laos and exploration and development projects in Australia, South-East Asia and North America.
“We’ve set a vision for MMG to build the next generation’s leading global, diversified minerals and metals business through an initial focus on growing the value of our assets and longer term focus on sustainably operating resources projects around the world,” said Mr Michelmore.
“Our initial challenge has been to focus on the business fundamentals, manage the decoupling from OZ Minerals and deliver on the cost efficiencies identified earlier in the year. Now, the challenge lies in developing the substantial future potential of the business.”
Since June, a number of previously deferred growth programs have been recommenced including: