MMG to relocate Australia copper marketing team to Beijing

摘要

Miner MMG will move its copper marketing team from Melbourne to Beijing by the end of the year, several sources have told Fastmarkets. The move signals a strategic shift closer to its majority shareholder, China Minmetals, and alters a decade’s precedent balancing Chinese state capital with Australian market knowhow in copper. Executives across MMG’s sales and traffic operations were told recently that their roles would move to the Chinese capital by December, Fastmarkets learned. It is unclear whether executives have been offered roles in China or whether there will be redundancies.