type public industry mining founded 17 june 2009 headquarters melbourne australia key people lixin wang chairman andrew michelmore ceo david lamont cfo marcelo bastos coo mike nossal egm business development steve ryan egm exploration tim scully egm business support xu jiqing egm strategic planning products zinc copper lead gold silver revenue us 2 499.4 million 2012 net income us 217.5 million 2012 website www.mmg.com mmg limited mmg ; sehk 1208 ; asx mmg formerly known as minerals and metals group is an australian chinese mid tier global resources company that explores develops and mines base metal deposits around the world . it is headquartered in melbourne australia and listed on the hong kong stock exchange . contents 1 history 2 operations 3 zinc production 4 corporate social responsibility 5 references history edit minerals and metals group was formed in june 2009 following the purchase of the majority of assets of oz minerals asx ozl by china minmetals corporation cmc through its subsidiary china minmetals nonferrous metals co. ltd cmn . minerals and metals group became commonly referred to as mmg . the portfolio of assets was sold for us 1.354 billion . 1 the deal initially also included the prominent hill mine ; however the sale was blocked by the australian government citing national security concerns . wayne swan treasurer of australia stated that prominent hill could not be included in the sale as it was within a sensitive military area . the sale went ahead only after prominent hill was excluded from the deal ; oz minerals retained prominent hill as its only major asset . 2 in december 2010 mmg was acquired by minmetals resources limited a subsidiary of china minmetals corporation and listed on the stock exchange of hong kong limited stock code 1208 . 3 in september 2012 minmetals resources limited changed its registered english company name to mmg limited to align the assets already operating as mmg with the registered company name . operations edit mmg owns and operates the lane xang minerals limited lxml sepon mine in laos the kinsevere mine in the democratic republic of congo and the century golden grove and rosebery mines in australia . it also owns the avebury nickel mine in australia which is under care and maintenance . its development projects include dugald river a high grade zinc lead silver deposit in north west queensland australia and the izok corridor base metals project in nunavut north west canada . mmg also has significant exploration projects and partnerships in australia africa and the americas . it is one of the world s largest producers of zinc and also produces significant amounts of copper lead gold and silver . during 2014 mmg completed the purchase of the las bambas copper mine project a copper gold molybdenum deposit slated for first production in early 2016 . las bambas is located in the apurimac region of peru . 4 zinc production edit according to an article in the financial post 5 mmg s century mine will be coming offline in the next few years along with a number of other major zinc mines . sally cox a spokeswoman for proponent mmg minerals a subsidiary of the chinese state owned minmetals resources ltd. explained that mmg is planning on replacing the zinc production of 500 000 tonnes with their massive izok corridor project and their mine in australia . the planned corridor would include five separate mines at izok lake three mines at high lake a processing plant a port that could accommodate ships of up to 50 000 tonnes that would make 16 round trips a year both east and west through the northwest passage and a 350 kilometre all weather road with 70 bridges that would stretch from izok lake to grays bay on the central arctic coast . 5 corporate social responsibility edit in 2012 mmg invested approximately us18 .5 million in host communities in a range of targeted social investment projects . these included education and training community development compensation local business development sponsorships donations and capacity building . in 2011 mmg and unicef partnered to deliver the 1000 day project which raises funds and awareness and provides on the ground programs to target zinc and other micronutrient deficiencies in children worldwide . 6 mmg has proactive programs in place to provide employment and business opportunities to local stakeholders including indigenous australians . 3 references edit minmetals succeeds in oz minerals deal minmetals australia pty ltd website published 6 november 2008 accessed 11 january 2010 australia blocks china s purchase of mining company the new york times published 27 march 2009 accessed 11 january 2010 a b mmg financial report 2009 minerals and metals group 1 mmg limited las bambas published september 2014 accessed 19 january 2015 a b weber bob 28 december 2012 tories mull a chinese plan for izok corridor that could bring billions of dollars to nunavut financial post.com retrieved 27 december 2013 2 the 1000 day project published 16 november 2012 accessed 19 july 2013 v t e mining companies of australia adelaide brighton cement allegiance mining alumina aquarius platinum atlas iron bhp billiton bougainville copper compass resources copper mines of tasmania energy resources of australia fortescue metals group grd hancock prospecting iluka resources international ferro metals laguna resources macarthur coal macmahon holdings magellan metals marathon resources marston minara resources mineralogy minerals and metals group mount lyell mining and railway company new hope coal newcrest mining orocobre oz minerals paladin energy pilbara iron qcoal rio tinto aluminium rio tinto group south32 tiwest joint venture retrieved from https en.wikipedia.org w index.php title minerals and metals group & oldid 740144741 categories companies established in 2009zinc mining companiescopper mining companieslead mining companiesgold mining companies of australiasilver mining companiesgovernment owned companies of chinacompanies based in melbourne navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschitaliano edit links this page was last modified on 19 september 2016 at 09 28 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie 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