Company Overview

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Our Story

Founded in 2009, MMG’s vision is to build the world’s most respected mining company. We mine to create wealth for our people, host communities and shareholders with an ambition to double the size and value of MMG, and then double again by 2030. 

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.

We are committed to responsible environmental and social performance and effective governance of our operations.

We operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo and Peru.

Headquartered in Melbourne, Australia, we are listed on the Hong Kong Stock Exchange (HKEx 1208) with an international shareholder base.

A long-term outlook, our pride in mining, our commitment to shared international standards and our respect for people, land and culture underpins our success.

We are MMG and we mine for progress.

Our Major Shareholder

MMG’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/businesses.

CMC’s subsidiary China Minmetals H.K. (Holdings) Limited (Minmetals HK) currently owns approximately 67.68% of the total shares of MMG, with the remaining 32.32% owned by public shareholders including global resources and investment funds.

The advantages of our Chinese Partnership

The stability, size and insights of China Minmetals Corporation  provides a competitive advantage for our company.

As a major metals and minerals company, China Minmetals Corporation provides a unique insight into global commodity demand. Our relationship allows MMG to draw upon networks and extensive distribution and marketing channels in China’s base metals market.

In an industry where lead times can extend for years and even decades, China Minmetals Corporation brings a solid financial foundation, balance sheet flexibility, access to Chinese financial institutions and a long-term investment view. And, as a significant miner and commodity trader, China Minmetals Corporation brings the benefit of technical skills and cross-cultural awareness.

Above all, it is a relationship supported by trust and confidence. Our international leadership team has the delegated authority from its Board to manage day-to-day operations in line with best practice.

We believe this relationship gives us the best of all worlds.

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 (ASX) in December 2015. MMG securities was listed on the ASX through Chess Depository Instruments (CDI) under the ticker code ‘MMG’. On 4 December 2019 MMG Limited was formally delisted and ceased trading shares on the ASX.

Timeline

July 1988

Minmetals Resources Limited (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 is formed.

Minerals and Metals Group 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, a subsidiary of CMC, acquires Minerals and Metals Group. 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 (ASX). MMG securities are listed on the ASX through Chess Depository Instruments (CDI) under the ticker code 'MMG'.

2016

80th Anniversary of MMG Rosebery. Las Bambas commercial production achieved.

2017

First shipment from Dugald River.

2018

Rosebery sets a million-tonne record.

2019

De-listed from ASX but maintains its primary listing of shares under the stock code of 1208 on The Stock Exchange of Hong Kong Limited.

December 1994

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

December 2010

Minmetals Resources, a subsidiary of CMC, acquires Minerals and Metals Group. Approximately 72% shares of shares in Minmetals Resources are owned by CMN, and 28% are owned by the public.

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.

September 2012

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

December 2015

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

2017

First shipment from Dugald River.

2019

De-listed from ASX but maintains its primary listing of shares under the stock code of 1208 on The Stock Exchange of Hong Kong Limited.

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