MMC Corporation Berhad
Encyclopedia
MMC is an investment holding company with interests in "Transport & Logistics, Energy & Utilities and Engineering & Construction".
In Transport and Logistics, MMC holds equity stakes in the http://www.mmc.com.my/content.asp?menuid=100013&rootid=100001&parentid=100010 Port of Tanjung Pelepas (the fastest growing container port in South East Asia), Johor Port (Malaysia’s leading multi-purpose port) and the SMART Motorway Concession.
In Energy and Utilities, MMC holds equity stakes in Malakoff (Malaysia's largest independent power producer) and natural gas distribution company Gas Malaysia, among others.
In Engineering and Construction, MMC has been involved in major engineering and construction projects such as the Stormwater Management and Road Tunnel (SMART) project, an innovative flood mitigation project for the city of Kuala Lumpur. Through Zelan, MMC has interests in IJM, a leading construction company with a strong international track record and Zelan Construction, a specialist design & build civil contractor for power plants.
First founded in London as Malayan Tin Dredging Limited in 1911, the Company transferred its domicile to Malaysia by incorporating Malayan Tin Dredging (M) Berhad (MTD) in 1976, then the largest tin dredging group in Malaysia. In 1981, MTD merged with New Tradewinds Sdn Bhd which had earlier taken over London Tin Corporation (LTC), the world's largest tin mining company, adopting the name Malaysia Mining Corporation Berhad to become the world's largest integrated tin producer. The Company was listed on Bursa Malaysia on 12 July 1977.
In 1983, the Company made a calculated business decision to cease tin mining operations in Malaysia in view of increasing operational costs, low tin grades, shortage of labour and the shrinking demand for tin worldwide. The Company, however, maintained its gold and diamond mining operations in Australia through Plutonic Resources Limited (Plutonic) and Ashton Mining Limited. The 1997 merger of Homestake Mining Company (Homestake) with Plutonic resulted in the Company's associate interest in Plutonic being replaced by an investment stake in Homestake. MMC sold its stake in Homestake in 1998 and its stake in Ashton in 2000.
Since the onset of the new millennium, MMC has been undergoing a process of transformation. The Company has divested all of its mining interests and is today focused on achieving its vision of becoming a premier Utilities and Infrastructure group.
MMC Senior Management
In Transport and Logistics, MMC holds equity stakes in the http://www.mmc.com.my/content.asp?menuid=100013&rootid=100001&parentid=100010 Port of Tanjung Pelepas (the fastest growing container port in South East Asia), Johor Port (Malaysia’s leading multi-purpose port) and the SMART Motorway Concession.
In Energy and Utilities, MMC holds equity stakes in Malakoff (Malaysia's largest independent power producer) and natural gas distribution company Gas Malaysia, among others.
In Engineering and Construction, MMC has been involved in major engineering and construction projects such as the Stormwater Management and Road Tunnel (SMART) project, an innovative flood mitigation project for the city of Kuala Lumpur. Through Zelan, MMC has interests in IJM, a leading construction company with a strong international track record and Zelan Construction, a specialist design & build civil contractor for power plants.
History
In 1983, the Company made a calculated business decision to cease tin mining operations in Malaysia in view of increasing operational costs, low tin grades, shortage of labour and the shrinking demand for tin worldwide. The Company, however, maintained its gold and diamond mining operations in Australia through Plutonic Resources Limited (Plutonic) and Ashton Mining Limited. The 1997 merger of Homestake Mining Company (Homestake) with Plutonic resulted in the Company's associate interest in Plutonic being replaced by an investment stake in Homestake. MMC sold its stake in Homestake in 1998 and its stake in Ashton in 2000.
Since the onset of the new millennium, MMC has been undergoing a process of transformation. The Company has divested all of its mining interests and is today focused on achieving its vision of becoming a premier Utilities and Infrastructure group.
MMC Management
MMC Board of Directors- Chairman: Dato' Wira Syed Abdul Jabbar bin Syed Hassan
- Group Managing Director: Datuk Hj Hasni Harun
- Senior Independent Director: Dato' Abdullah bin Mohd. Yusof
- Independent Director: Abdul Hamid Sheikh Mohamed
- Director: Tan Sri Dato' Ir. (Dr.) Wan Abdul Rahman bin Haji Wan Yaacob
- Director: Datuk Mohd Sidik Shaik Osman
- Independent Director: Ooi Teik Huat
MMC Senior Management
- Group Managing Director: Datuk Hj Hasni Harun
- Director, International: Shahrir Shariff
- Director, Finance: Anwar Syahrin Abdul
- Director, Corporate Planning: Dr. Mabel Lee
- Group Legal Advisor: Elina Mohamed
- General Manager, Corporate Secretarial, Ahmad Aznan Mohd Nawawi
- General Manager, Investor Relations & Business Development: Azharuddin Nordin
- General Manager, Contracts & Procurement: Vincent Chiu
External links
- MMC Corporation Berhad Official Website
- Port of Tanjung Pelepas
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- Jazan Economic City Official Website