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United Kingdom

MMG Ltd (1208.HK)

1208.HK on Hong Kong Stock

4.80HKD
18 Jul 2018
Change (% chg)

HK$-0.34 (-6.61%)
Prev Close
HK$5.14
Open
HK$5.27
Day's High
HK$5.27
Day's Low
HK$4.78
Volume
26,703,489
Avg. Vol
21,827,702
52-wk High
HK$6.53
52-wk Low
HK$2.86

Latest Key Developments (Source: Significant Developments)

MMG Ltd Announces Sale Of Assets Associated With Sepon Mine
Thursday, 21 Jun 2018 

June 21 (Reuters) - MMG Ltd <1208.HK>::UNIT TO SELL MMG LAOS HOLDINGS TO CHIFENG JILONG GOLD MINING FOR $275 MILLION.UNIT MMG AUSTRALIA TO ENTER DEAL WITH CHIFENG JILONG GOLD MINING, MMG LAOS AND LANE XANG MINERALS TO PROVIDE TRANSITIONAL SERVICES TO LXML.AS A RESULT OF SHARE SALE, SEES NET PROFIT BEFORE TAX OF UPTO US$10 MILLION IN CO'S 2018 FINANCIAL YEAR.SHARE SALE FORMS PART OF COMPANY'S WIDER PLAN TO OPTIMISE ITS MINING ASSET PORTFOLIO.  Full Article

MMG Updates On Incident At Sepon Mine In Laos
Friday, 1 Jun 2018 

June 1 (Reuters) - MMG Ltd <1208.HK>::AN MMG LXML EMPLOYEE AT CO'S SEPON MINE IN LAOS DIED FOLLOWING A INCIDENT WHICH OCCURRED ON SITE WHILST HE WAS DRIVING A LIGHT VEHICLE.CO SAYS IT IS WORKING WITH LOCAL AUTHORITIES AND HAS INITIATED AN INVESTIGATION INTO INCIDENT.  Full Article

MMG Ltd Says Jiao Jian To Resign As CEO
Friday, 27 Apr 2018 

April 27 (Reuters) - MMG Ltd <1208.HK>::GAO XIAOYU (GEOFFREY) WILL BE APPOINTED AS THE CEO OF THE COMPANY, AND RE-DESIGNATED AS AN EXECUTIVE DIRECTOR.JIAO JIAN TO RESIGN AS CHIEF EXECUTIVE OFFICER.  Full Article

MMG Posts Qtrly Total Copper Production Of 127,751 Tonnes
Monday, 23 Apr 2018 

April 23 (Reuters) - MMG Ltd <1208.HK>::QTRLY TOTAL COPPER PRODUCTION 127,751 TONNES, DOWN 14 PERCENT.QTRLY TOTAL ZINC (CONTAINED METAL IN CONCENTRATE) PRODUCTION 47,138 TONNES, UP 146 PERCENT.MMG MAINTAINS 2018 PRODUCTION GUIDANCE OF 560,000-590,000 TONNES OF COPPER AND 190,000-220,000 TONNES OF ZINC.  Full Article

MMG Ltd Posts Posts FY Net Profit After Tax Of $348.4 Mln
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Mmg Ltd <1208.HK>::FY REVENUE $‍4,143.2​ MILLION VERSUS $2,488.8 MILLION.FY NET PROFIT AFTER TAX OF $348.4 MILLION, INCLUDING $147.1 MILLION ATTRIBUTABLE TO EQUITY HOLDERS OF COMPANY, A $299.8 MILLION IMPROVEMENT ON 2016..‍ TOTAL CAPITAL EXPENDITURE IS EXPECTED TO BE BETWEEN $550 MILLION AND $600 MILLION FOR 2018​.  Full Article

MMG Ltd Updates On Issue Of 338 Mln Convertible Redeemable Preference Shares In Unit
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Mmg Ltd <1208.HK>::UPDATES ON ISSUE OF 338 MILLION CONVERTIBLE REDEEMABLE PREFERENCE SHARES IN UNIT TOPSTART LIMITED​.‍TOPSTART LTD ISSUED NOTICE TO ALBER HOLDINGS COMPANY CONFIRMING THAT TOPSTART ELECTED TO REDEEM ALL CONVERTIBLE REDEEMABLE PREFERENCE SHARES​.  Full Article

MMG Ltd Updates On Las Bambas Grinding Media Supply Agreement
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Mmg Ltd <1208.HK>::‍MINERA LAS BAMBAS ELECTED TO EXERCISE ITS FIRST OPTION TO EXTEND LAS BAMBAS GRINDING MEDIA SUPPLY AGREEMENT FOR FURTHER PERIOD OF 12 MONTHS​.  Full Article

Mmg Says Mmg Dugald River Entered Sales Agreement With Minmetals North-Europe
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Mmg Ltd <1208.HK>::SELLER MMG DUGALD RIVER ENTERED DUGALD RIVER ZINC CONCENTRATE SALES AGREEMENT WITH BUYER MINMETALS NORTH-EUROPE.SALE OF ABOUT 100,000 DRY METRIC TONNES OF ZINC CONCENTRATES PRODUCED BY GROUP AT ITS DUGALD RIVER MINE.  Full Article

Red Metal Co‍ Executed An Option And Joint Venture Agreement With MMG Exploration​
Sunday, 3 Dec 2017 

Dec 4 (Reuters) - Red Metal Ltd ::CO‍ EXECUTED AN OPTION AND JOINT VENTURE AGREEMENT WITH MMG EXPLORATION PTY LTD UNIT OF GLOBAL MINER MMG LIMITED (MMG)​.  Full Article

MMG says ‍Lane Xang Minerals to sell copper cathode to China Minmetals Non-Ferrous Metals ​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Mmg Ltd <1208.HK>:‍Lane Xang Minerals agrees to sell copper cathode to China Minmetals Non-Ferrous Metals Co​.Sale of ‍product between 14,000 & 17,000 metric tonnes per annum during 2018, with exact quantity to be determined by seller​.  Full Article

Smelting constraints make zinc's price plunge look overdone

LONDON Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.