[16] Prior to joining Wesfarmers, Tom O'Leary worked in London for 10 years in finance law, investment banking and private equity. CMC owns approximately 75% of MMG's shares.[1]. [5] Its much-delayed financial results for 2012 showed a $200m black hole. However, the State's equity …

Together with other members of the Vallar management team, they have invested £100 million in shares of the company. [13], The 2015 full-year profit was $53.5 million which was up from a $62.5 million loss in the previous corresponding period. [10], In March 2009, Iluka announced that it would bring forward the closure of one of the Synthetic Rutile kilns at the Narngulu operations and that 23 jobs would be lost. 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). [6] Westralian Sands was established in 1954 but commenced operations in 1959 when it started mining and processing the Yoganup deposit near Capel in Western Australia. [18], In August 2016, Iluka announced its intention to acquire Sierra Leone-based and London Stock Exchange-listed miner Sierra Rutile Limited. [14] The transaction closed as planned on 8 April 2011.

Natural resource management is a discipline in the management of natural resources such as land, water, soil, plants, and animals—with a particular focus on how management affects quality of life for present and future generations. [9] Company profits were $61.7 million in 2008, almost three times the size of the forecast amount, this was a result of higher Zircon prices and a devaluation of the Australian dollar. Asia Resource Minerals PLC, is a major international mining group. A conflict in 2015 involving the Peruvian Government, the mine's owners and the local population left a death toll of 4[7][circular reference]. 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).[2]. CMC owns approximately 75% of … MMG Limited (MMG; SEHK: 1208; ASX: MMG), is a mid-tier global resources company that mines, explores and develops base metal projects around the world.MMG's major shareholder is China Minmetals Corporation (CMC), a Chinese state-owned enterprise. [3] In April 2011, Vallar plc was renamed Bumi plc. [13] Iluka also commenced work in 2014 with Vale S.A in relation to the potential commercialisation of a large titanium ore body, with rare earth elements, in Minas Gerais, Brazil. [4], In September 2012 the company announced that it was looking into possible financial irregularities at its Indonesian arms resulting in a 14% fall in its share price. The mineral sands sales increased 1.9% to $950.8 million up from $932.8 million in the previous year. A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction.