 | |
| Company type | Public |
|---|---|
| SEHK: 1208 | |
| Industry | Mining |
| Founded | 17 June 2009 |
| Headquarters | Melbourne, Australia |
Key people | Jiqing Xu (Chairman) Cao Liang (CEO) |
| Products | Copper, gold, lead, silver, zinc |
| Revenue | US$ 4.3 billion (2023) |
| Website | www.mmg.com |
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 with 68%. [1]
MMG was formed in June 2009, following the purchase of the majority of assets of Oz Minerals by China Minmetals. [2] [3]
In December 2010, MMG was acquired by Minmetals Resources, a subsidiary of China Minmetals and listed on the Hong Kong Stock Exchange. [1] [4]
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. [1]
In December 2015, MMG became a dual-listed company when a secondary listing was made on the Australian Securities Exchange. [5] It was delisted from the Australian Securities Exchange in December 2019. [6]
In February 2022, Resources Minister Guy Barrett granted a new lease to the MMG along an access road where it wants to develop a heavy metals tailings dam in the Tarkine rainforest. [7] The MMG's Rosebery dam requires a third tailing dam in order to continue operating past 2024. [8] The decision was opposed by the Bob Brown Foundation (BBF) led by former Greens leader Bob Brown and protestors. [7] The BBF subsequently challenged the decision in the Tasmanian Supreme Court in April 2023, but was rejected by chief justice Alan Blow. [9] [10]
Another bid by the BBF in the Federal Court to halt work on a tailings dam in the Tarkine, saying that it would cause irreversible damage to the Tasmanian masked owl's habitat, was lost. [8] However, another case in the Federal Court resulted in the BBF's favour. Mark Moshinsky found that the initial approval by the Morrison government for preliminary work in the dam was invalid and that then environment minister Sussan Ley's decision was not authorized under the Environment Protection and Biodiversity Conservation Act. [11] [12]
MMG operate and develop copper, zinc and other base metals projects across Australia, Botswana, the Democratic Republic of the Congo and Peru. [13]
Robert James Brown is an Australian former politician, medical doctor and environmentalist. He was a senator and the parliamentary leader of the Australian Greens. Brown was elected to the Australian Senate on the Tasmanian Greens ticket, joining with sitting Greens Western Australia senator Dee Margetts to form the first group of Australian Greens senators following the 1996 federal election. He was re-elected in 2001 and in 2007. He was the first openly gay member of the Parliament of Australia and the first openly gay leader of an Australian political party.
The Gordon-below-Franklin Dam project was a proposed dam on the Gordon River in Tasmania, Australia, that was never constructed. The movement that eventually led to the project's cancellation became one of the most significant environmental campaigns in Australian history.
Rosebery is a town on the west coast of Tasmania, Australia. It is at the northern end of the West Coast Range, in the shadow of Mount Black and adjacent to the Pieman River, now Lake Pieman.
Mount Lyell Mining and Railway Company was a Tasmanian mining company formed on 29 March 1893, most commonly referred to as Mount Lyell. Mount Lyell was the dominant copper mining company of the West Coast from 1893 to 1994, and was based in Queenstown, Tasmania.
The Tarkine, officially takayna / the Tarkine, is an area containing the Savage River National Park in the north west Tasmania, Australia, which contains significant areas of wilderness.
Tassal is a Tasmanian-based Australian salmon farming company founded in 1986. It was listed on the Australian Securities Exchange (ASX) from 2003 until 2022. Tassal is the largest producer of Tasmanian grown Atlantic salmon, supplying salmon to both domestic and international markets. In November 2022, it was acquired by Canadian seafood company Cooke Inc. and delisted from the ASX.
The Australian masked owl, also the Australasian masked owl or simply the masked owl, especially in Australia, is a barn owl of Southern New Guinea and the non-desert areas of Australia.
Compass Resources NL is an Australian mining and mineral exploration company listed on the Australian Stock Exchange and currently in voluntary administration since 29 January 2009.
Zinifex was an Australian company that operated lead and zinc mines, refineries and a lead smelter. It was established in April 2004, when the assets of Pasminco were spun-off. In 2008 it merged with Oxiana to form OZ Minerals.
China Minmetals Corporation is a Chinese metals and mineral trading company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel.
OZ Minerals is a mining company based in Adelaide, South Australia. Formerly listed on the Australian Securities Exchange, it was acquired by BHP in April 2023.
Grays Bay is an Arctic waterway in the Kitikmeot Region, Nunavut, Canada. It is located in Coronation Gulf and Hepburn Island is located at its mouth. The Tree River and the Annielik River flow into the bay.
The Golden Grove mine is a copper, lead, silver, zinc and gold mine located 52 km south-southeast of Yalgoo, Western Australia. It is operated by 29Metals Limited after a 2021 divestment by EMR Capital.
Normandy Mining was an Australian mining company which predominantly mined gold. Normandy was, during much of the late 20th century, Australia's largest gold miner.
Anvil Mining was a copper producer that has been operating in the Democratic Republic of the Congo (DRC) from 2002 to 2012. The company headquarters were in Montreal, Quebec, Canada. Anvil was listed on the Toronto Stock Exchange and the Australian Stock Exchange. As of September 2011 its major shareholder was Trafigura Beheer.
Kinsevere is an open pit mine and Heavy Media Separation plant with an electric arc furnace formerly operated by Anvil Mining, and now operated by Minerals and Metals Group. It is located 30 kilometres (19 mi) north of Lubumbashi, Katanga Province, Democratic Republic of Congo.
Century Mine was a large open cut zinc, lead and silver mine at Lawn Hill, 250 km (160 mi) 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, continued by Zinifex, then OZ Minerals and then MMG Limited who mined the project until closure. The property is currently owned by New Century Resources whose primary business is tailings reprocessing.
Stonewall Resources is an Australian gold mining company with exploration and development operations in New South Wales, Australia and Mpumalanga Province, South Africa.
Felix Ashton Ellis is an Australian politician, who was elected to the Tasmanian House of Assembly on 17 August 2020 in a recount to fill a vacancy for the division of Braddon. A member of the Liberal Party, Ellis is a member of the Second Rockliff ministry serving as Minister for Police, Fire and Emergency Management, Skills and Training and Housing and Planning.
Northern Star Resources is an Australian gold mining company with operations in Western Australia, Northern Territory and Alaska.