MMG
MMG have plenty of cash and are ready to go ....
MMG.
We were founded in 2009 to become the world's most respected diversified base metals company.
We mine to build wealth through the development of our people; the investments we make in improving local capability; and the value we deliver to our shareholders.
Working in partnership with our major shareholder - China Minmetals – our objective is to become a top mid-tier miner by 2020.
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 operate and develop copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo, Laos and Peru. We also have significant exploration projects and partnerships across Australia, Africa and the Americas.
We are headquartered in Melbourne, Australia and listed on the Hong Kong Stock Exchange (HKEx 1208).
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.
MMG's major shareholder is
China Minmetals Non-ferrous Metals Co. Ltd. (CMN), a subsidiary of
China Minmetals Corporation (CMC). Founded in 1950, CMC is one of China’s major multinational state-owned enterprises. It is a major international conglomerate that involved in the development, production, trading and integration services of metals and minerals, in addition to its finance, real estate and logistics divisions/businesses.
CMN was formed in 2001 and owns approximately 74% of the total shares of MMG, and approximately 26% is owned by public shareholders including global resources and investment funds.
The stability, size and insights of China Minmetals Corporation provide a competitive advantage for our company.
As a major metals and minerals company, China Minmetals Corporation provides a unique insight into global commodity demand. The 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 based on 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.
http://www.mmg.com/
(20min delay)