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 China Minmetals Corporation is a Chinese state-owned enterprise headquartered in Beijing. It is one of the largest metal and mineral trading companies in the world, operating in more than 30 countries across mining, metal trading, engineering ...

with 68%.Our Major Shareholder
MMG

History

MMG was formed in June 2009, following the purchase of the majority of assets of Oz Minerals by

. In December 2010, MMG was acquired by Minmetals Resources, a subsidiary of China Minmetals and listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. 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. MMG had a secondary listing on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

from December 2015 until its delisting on December 2019.

Proposed tailings dam in Tasmania

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 A tailings dam is typically an earth-fill embankment dam used to store byproducts of mining operations after separating the ore from the gangue. Tailings can be liquid, solid, or a slurry of fine particles, and are usually highly toxic and poten ...

in the Tarkine rainforest. The MMG's Rosebery dam requires a third tailing dam in order to continue operating past 2024. The decision was opposed by the Bob Brown Foundation (BBF) led by former Greens leader

Bob Brown Robert James Brown (born 27 December 1944) is an Australian former politician, medical doctor and environmentalist. He was a Australian Senate, senator and the parliamentary leader of the Australian Greens. Brown was elected to the Australian ...

and protestors. The BBF subsequently challenged the decision in the Tasmanian Supreme Court in April 2023, but was rejected by chief justice Alan Blow. 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. 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.

Operations

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

Current

*Dugald River mine in

Cloncurry Cloncurry is a rural town and locality in the Shire of Cloncurry, Queensland, Australia. It is informally known by local people as The Curry. Cloncurry is the administrative centre of the Shire of Cloncurry. Cloncurry is known as the ''Friendl ...

Queensland Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...

* Kinsevere mine in the

Democratic Republic of Congo The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is t ...

* Khoemacau mine in the

Botswana Botswana, officially the Republic of Botswana, is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory part of the Kalahari Desert. It is bordered by South Africa to the sou ...

Las Bambas copper mine Las Bambas copper mine is an open-pit copper mine in the Cotabambas province of Peru. With over a billion tons of copper ore, the deposit is one of the largest in the world and produces 2% of global copper. Las Bambas also produces molybdenum conc ...

Peru Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...

(62.5%) * Rosebery mine in

Tasmania Tasmania (; palawa kani: ''Lutruwita'') is an island States and territories of Australia, state of Australia. It is located to the south of the Mainland Australia, Australian mainland, and is separated from it by the Bass Strait. The sta ...

Former

Century Mine Century Mine was a large open cut zinc, lead and silver mine at Lawn Hill, 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 Pasminc ...

* Golden Grove Mine * Sepon mineMMG completes sale of Sepon mine
MMG 30 November 2018

References

{{authority control Companies based in Melbourne Companies formerly listed on the Australian Securities Exchange Companies listed on the Hong Kong Stock Exchange Copper mining companies of Australia Gold mining companies of Australia Government-owned companies of China Lead mining companies Metal companies of China Silver mining companies Zinc mining companies Former cross-listed companies