Minerals and Metals Group (MMG)
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Minerals and Metals Group (MMG)

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  • Year Founded:2009
  • Key Founding Individuals: Founded after China Minmetals Corporation acquired OZ Minerals
  • Key People: Chairman - Lixin Wang , Chief Executive Officer - Andrew Michelmore, Chief Financial Officer - David Lamont, Chief Operations Officer - Marcelo Bastos
  • Mined Resources: Silver, Copper, Gold, Lead and Zinc
  • Operational Regions: Australia, Tasmania, Hong Kong, Peru, Laos, Democratic Republic of Congo, South Africa, Chile, United States and Zambia

Minerals and Metals Group (MMG) is an international resources company operating from Melbourne Australia. The company explores minerals and metal deposits across the globe with the aim of developing and mining these deposits. MMG is a public holding company and one of its major subsidiaries is Anvil Mining – a copper producer located in the Democratic Republic of Congo (DRC).

History

After the majority shares of OZ Minerals was acquired in June 2009 by China Minmetals Nonferrous Metals Company, a subsidiary of China Minmetals Corporation, Minerals and Metals Group (MMG) was formed. In December 2010 the company was registered on the Hong Kong Stock Exchange.

Operations

Minerals and Metals Group (MMG) is the direct owner and operator of several mines including the Lane Xang Minerals Limited mine in Laos, the Las Bambas mining facility in Peru, the Rosebery mines located in Australia and the Kinsevere mine in the DRC. The company also owns mines that are under maintenance including the Century and Avebury mines in Australia. The company produces significant quantities of gold, silver, copper, lead and zinc through projects and subsidiaries in America, Australia and Africa. One such subsidiary is Anvil Mining in the DRC.

Company Mission and Vision

The company mines with the goal of building wealth by developing people, improving local standards through investment and delivering value to shareholders. As in 2017 the company’s main mission was to become a major player in mid-tier mining by the year 2020. The company upholds its code of conduct and a strict value set that involves respect, safety and continuous improvement.

Minerals and Metals Group (MMG) Lixin Wang , Chief Executive Officer