Edition:
United Kingdom

MMG Ltd (1208.HK)

1208.HK on Hong Kong Stock

2.64HKD
22 Jan 2019
Change (% chg)

HK$-0.16 (-5.71%)
Prev Close
HK$2.80
Open
HK$2.79
Day's High
HK$2.79
Day's Low
HK$2.50
Volume
45,892,000
Avg. Vol
12,798,842
52-wk High
HK$6.53
52-wk Low
HK$2.50

Latest Key Developments (Source: Significant Developments)

MMG Ltd Sees Group FY NPAT Of About US$135 TO 140 Mln
Friday, 18 Jan 2019 

Jan 18 (Reuters) - MMG Ltd <1208.HK>::GROUP IS EXPECTED TO RECORD A NET PROFIT AFTER TAX (NPAT) FOR FY.EXPECTED TO RECORD AN NPAT FOR YEAR ENDED 31 DEC 2018 OF ABOUT US$135 TO 140 MILLION.FY NPAT ATTRIBUTABLE TO EQUITY HOLDERS OF CO IS EXPECTED TO BE ABOUT US$65 TO 70 MILLION.FOR H2 GROUP IS EXPECTED TO RECORD A NET LOSS AFTER TAX OF ABOUT US$50 TO 55 MILLION.EXPECTED RESULT MAY BE BELOW MARKET EXPECTATIONS, AND IS LARGELY ATTRIBUTABLE TO SOFTER SECOND HALF TRADING CONDITIONS.  Full Article

MMG Updates On Las Bambas Grinding Media Supply Agreement
Monday, 31 Dec 2018 

Dec 31 (Reuters) - MMG Ltd <1208.HK>::UPDATES ON LAS BAMBAS GRINDING MEDIA SUPPLY AGREEMENT.MINERA LAS BAMBAS ELECTED TO EXERCISE SECOND OPTION TO EXTEND AGREEMENT FOR FURTHER PERIOD OF 12 MONTHS.  Full Article

MMG Says Unit Entered Dugald River Zinc Concentrate Sale Agreement With Minmetals North-Europe
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - MMG Ltd <1208.HK>::UNIT ENTERED DUGALD RIVER ZINC CONCENTRATE SALE AGREEMENT WITH MINMETALS NORTH-EUROPE.IF TRANSACTION EXECUTED ON 20 DECEMBER 2018, DEAL WOULD BE VALUED AT ABOUT US$10.0 MILLION.UNIT ENTERED DUGALD RIVER ZINC CONCENTRATE SALE AGREEMENT WITH MINMETALS NORTH-EUROPE FOR SALE OF PRODUCT TO MINMETALS NORTH- EUROPE.DEAL TO SELL ABOUT 10,000 DRY METRIC TONNES OF PRODUCT.IF TRANSACTION EXECUTED ON DEC 20, VALUED APPROXIMATELY US$10.0 MILLION.  Full Article

MMG Ltd Updates Las Bambas Production Guidance
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - MMG Ltd <1208.HK>::LAS BAMBAS COPPER IN CONCENTRATE PRODUCTION IN 2018 IS NOW LIKELY TO BE IN RANGE OF 375,000 TONNES TO 395,000 TONNES.2018 C1 COSTS ARE ALSO EXPECTED TO RISE SLIGHTLY ON LOWER VOLUMES TO US$1.10 TO US$1.20 PER POUND.  Full Article

MMG Ltd Says Jiao Jian Has Resigned As Chief Executive Officer
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - MMG Ltd <1208.HK>::JIAO JIAN HAS RESIGNED AS CHIEF EXECUTIVE OFFICER.GAO XIAOYU APPOINTED AS CEO.JIAO JIAN RE-DESIGNATED FROM EXECUTIVE DIRECTOR TO NON-EXECUTIVE DIRECTOR.GAO XIAOYU RE-DESIGNATED AS AN EXECUTIVE DIRECTOR.  Full Article

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

UPDATE 1-Congo declares cobalt "strategic", nearly tripling royalty rate

KINSHASA, Dec 3 Democratic Republic of Congo has declared cobalt a "strategic" substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10 percent.