Company Overview
MMG’s commitment to sustainable practices, responsible environmental and resource management and community engagement drives the effective governance of our operations and is critical to enabling our growth ambitions.
Our story
Founded in 2009, MMG Limited’s vision is to create a leading international mining company for a low carbon future.
We operate and develop copper, zinc and other base metal projects across Australia, Botswana, the Democratic Republic of the Congo, and Peru with corporate offices in Melbourne, Australia, as well as Beijing and Hong Kong, China. We are listed on The Stock Exchange of Hong Kong (Stock Code: 1208) with an international shareholder base. MMG’s commitment to sustainable practices, responsible environmental and resource management and community engagement drives the effective governance of our operations and is critical to enabling our growth ambitions.
We are guided by our Code of Conduct and our values of thinking safety first, respecting each other, working together, doing what we say and wanting to be better.
Our long-term outlook, pride in mining, commitment to shared international standards and respect for people, land and culture underpins our success.
We are MMG and we mine for progress.
Vision
To create a leading international mining company for a low carbon future.
Our values
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We think
safety firstWe stop and think, then act to prevent injury.
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We respect
each otherWe are honest, considerate and act with integrity.
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We work
togetherWe engage diverse views to achieve better outcomes.
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We do what
we sayWe take responsibility and follow through on our commitments.
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We want
to be betterWe always look for opportunities to improve.
Our major shareholder
MMG Limited’s major shareholder is China Minmetals Corporation (CMC). Founded in 1950, CMC is one of China’s major multinational state-owned enterprises. It is a major international organisation involved in the development, production, trading and integrated services of metals and minerals, in addition to its finance, real estate and logistics divisions and businesses.
CMC’s subsidiary, China Minmetals H.K. (Holdings) Limited (Minmetals HK) currently owns approximately 67.43% of MMG’s total shares, with the remaining 32.57% held by public shareholders including global resources and investment funds.
Our history
Our company, MMG Limited, was originally known as ‘Minerals and Metals Group’.
Minerals and Metals Group was established 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 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 (ASX) in December 2015. MMG securities were listed on the ASX through Chess Depository Instruments (CDIs) under the ticker code ‘MMG’. On 4 December 2019, MMG Limited was formally delisted and ceased trading shares on the ASX.
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July 1988
Minmetals Resources Limited was incorporated in Hong Kong, focusing on commodities trading and fabrication.
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December 1994
Minmetals Resources Limited was listed on The Stock Exchange of Hong Kong Limited under Stock Code: 1208.
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June 2009
Minerals and Metals Group was established following CMC’s acquisition of the majority of OZ Minerals’ assets through its subsidiary, CMN. This acquisition included the Century, Golden Grove, Rosebery and Sepon mines, the Dugald River and Izok Corridor development projects, and a range of exploration tenements. MMG was wholly owned by CMN.
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December 2010
Minmetals Resources Limited, a subsidiary of CMC, acquired Minerals and Metals Group. Approximately 72% of shares in Minmetals Resources Limited were owned by CMN, and the remaining 28% were held by the public.
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April 2011
Minmetals Resources Limited issued 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 subordinated convertible securities (PSCS).
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September 2011
Minmetals Resources Limited conditionally divested its 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.
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March 2012
Minmetals Resources Limited acquired Anvil Mining Limited which includes the Kinsevere mine and the Mutoshi development project in the Democratic Republic of the Congo (DRC).
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September 2012
The Company changed its registered English company name from Minmetals Resources Limited to MMG Limited.
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August 2014
MMG Limited, Guoxin International Investment Corporation Limited and CITIC Metal Co. Ltd purchased the Las Bambas project from Glencore plc.
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December 2015
MMG Limited completed a secondary listing on the Australian Securities Exchange (ASX). MMG securities were listed on the ASX through Chess Depository Instruments (CDIs) under the ticker code ‘MMG’.
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2016
The 80th Anniversary of MMG Rosebery. Las Bambas commercial production achieved.
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2017
Successful commissioning of the Dugald River project was achieved, with the first production of finished zinc concentrate shipment made.
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2018
Rosebery sets a million-tonne record.
MMG Limited completed the sale of Sepon/Lane Xang Minerals to Chifeng.
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2019
MMG Limited was delisted from ASX but maintains its primary listing under the stock code of 1208 on The Stock Exchange of Hong Kong Limited.
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2022
The MMG Board approved the commencement of the Kinsevere expansion project.
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2024
MMG Limited completed the acquisition of the Khoemacau mine in Botswana.
