MMG takes unique route to expand offshore

Six months into the job of running a Chinese-owned, Australian-run global mining company, Andrew Michelmore knew he had won the confidence of his major shareholder, state-owned China Minmetals Corp.

MMG had shown it could generate cash for its new owner, even in the depths of the global financial crisis, and Minmetals’ president Zhou Zhongshu spoke to Michelmore, a 60-year-old mining veteran, at a meeting in Beijing with another Chinese board member.

via Business feed http://www.scmp.com/business/companies/article/1134393/mmg-takes-unique-route-expand-offshore