1208.HK - MMG Limited

HKSE - HKSE Delayed Price. Currency in HKD
4.51
+0.08 (+1.81%)
At close: 4:08PM HKT
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Previous Close4.43
Open4.44
Bid4.50 x 0
Ask4.51 x 0
Day's Range4.25 - 4.51
52 Week Range2.87 - 6.53
Volume15,639,755
Avg. Volume19,192,634
Market Cap36.31B
Beta1.95
PE Ratio (TTM)31.20
EPS (TTM)0.14
Earnings DateAug 15, 2017 - Aug 21, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2014-05-23
1y Target Est6.51
  • Reuters4 days ago

    Smelting constraints make zinc's price plunge look overdone

    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. Prices of the metal, which is used to galvanise steel, have underperformed other LME metals this year. Projects that will deliver more zinc concentrate to market include Vedanta's (VED.L) Gamsberg mine in South Africa and three Australian projects, namely Dugald River owned by MMG , another mine run by New Century Resources (NCZ.AX) and Glencore's (GLEN.L) Lady Loretta mine.

  • Reuters12 days ago

    Canada's Barrick, China's Shandong Gold to deepen ties, look at acquisitions

    Canadian miner Barrick Gold Corp and China's Shandong Gold on Monday said they would deepen cooperation beyond their Argentinian joint venture, potentially working together on acquisitions. Barrick Gold, the world's largest producer of bullion, last year signed a near billion-dollar deal to sell Shandong a 50-percent stake in its Veladero mine in Argentina. The development is one of Barrick's top five gold mines.

  • Reuterslast month

    BRIEF-MMG Ltd Announces Sale Of Assets Associated With Sepon Mine

    June 21 (Reuters) - MMG Ltd: * 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 ...

  • Reuterslast month

    Congo mining regulations to be signed into law on Friday - mines minister

    Democratic Republic of Congo's prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday. The move could set off a legal battle between the government and major mining companies operating in Congo, including Glencore (GLEN.L) and Randgold (RRS.L), which threatened legal action against the government last week if their concerns about tax hikes and the elimination of exemptions were not addressed. "The code will be applied as it was promulgated!" Mines Minister Martin Kabwelulu told Reuters in a text message.

  • Reuterslast month

    Congo mining regulations to be signed into law on Friday - mines minister

    Democratic Republic of Congo's prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday. The move could set off a legal battle between the government and major mining companies operating in Congo, including Glencore and Randgold, which threatened legal action against the government last week if their concerns about tax hikes and the elimination of exemptions were not addressed. "The code will be applied as it was promulgated!" Mines Minister Martin Kabwelulu told Reuters in a text message.

  • Reuters2 months ago

    BRIEF-MMG Updates On Incident At Sepon Mine In Laos

    June 1 (Reuters) - MMG Ltd: * 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 ...

  • Reuters3 months ago

    BRIEF-MMG Posts Qtrly Total Copper Production Of 127,751 Tonnes

    April 23 (Reuters) - MMG Ltd: * 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 ...

  • Reuters4 months ago

    How Congo faced down some of the world's biggest mining firms

    In an ornate room in Democratic Republic of Congo's presidential palace last week, some of global mining's most powerful men faced off against government officials over proposed changes to the country's mining code. Facing the officials, including President Joseph Kabila, the executives at times threatened to pursue arbitration or close mines if the government went ahead with changes including royalty increases, according to one of the president's top advisers, Barnabe Kikaya bin Karubi, who attended the meeting.

  • Glencore, Randgold mines quit Congolese industry body ahead of govt talks
    Reuters4 months ago

    Glencore, Randgold mines quit Congolese industry body ahead of govt talks

    The miners said in a joint statement that a team representing the companies had arrived in Kinshasa and would begin detailed talks soon with the government on implementation of the new rules signed into law last Friday by DRC President Joseph Kabila. International mining companies including Glencore, Randgold, Ivanhoe Mines, MMG and China Molybdenum have vigorously opposed the new law.

  • Reuters4 months ago

    Congo's Kabila signs into law new mining code

    Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in Congo, Africa's top copper producer, have vigorously opposed the new law, although Kabila pledged this week to work with them while implementing it. Executives from Glencore, Randgold, China Molybdenum and Ivanhoe failed to convince Kabila during a six-hour meeting on Wednesday to re-open negotiations over the code, which they say will deter investment and violate existing agreements.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of 1208.HK earnings conference call or presentation 8-Mar-18 6:30am GMT

    Full Year 2017 MMG Ltd Earnings Call (Chinese, English)

  • Reuters4 months ago

    Congo's Kabila to sign new mining code soon after meeting with miners

    The code has been vigorously opposed by the miners. The announcement followed a nearly six-hour meeting between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause in the current law protecting miners from changes to the fiscal and customs regime for 10 years. "The president of the republic assured the miners ... that their concerns will be taken into account through a constructive dialogue with the government after the promulgation of the new mining law," a joint statement said.

  • Reuters4 months ago

    Congo's Kabila to sign new mining code soon after meeting with miners

    Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code that is vigorously opposed by industry, according to the government and mining companies. The announcement followed a nearly six-hour meeting on Wednesday between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause in the current law protecting miners from changes to the fiscal and customs regime for 10 years. "The president of the republic assured the miners ... that their concerns will be taken into account through a constructive dialogue with the government after the promulgation of the new mining law," the statement said.

  • Reuters4 months ago

    Congo's Kabila plans to sign new mining code "shortly" -govt statement

    Democratic Republic of Congo President Joseph Kabila plans "shortly" to sign into law a new mining code that is vigorously opposed by industry, the government said on Wednesday. The announcement followed a nearly six-hour meeting between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause in the current law protecting miners from fiscal changes for 10 years. The miners' concerns "will be taken into account through a constructive dialogue with the government after the promulgation of the new mining law", a government statement said.

  • Reuters4 months ago

    BRIEF-MMG Ltd Posts Posts FY Net Profit After Tax Of $348.4 Mln

    March 7 (Reuters) - Mmg Ltd: * 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 ...

  • Reuters6 months ago

    BRIEF-MMG Says Qtrly ‍Copper Cathode Production 38,051 Tonnes, Down 12 Pct​

    Jan 24 (Reuters) - Mmg Ltd: * QTRLY ‍COPPER CATHODE PRODUCTION 38,051 TONNES, DOWN 12 PERCENT​ * LAS BAMBAS DELIVERED PRODUCTION OF 121,140 TONNES OF COPPER IN COPPER CONCENTRATE FOR DEC QUARTER, 6% ABOVE ...

  • Reuters6 months ago

    Peru eyes $2.4 bln minerals railway as copper output rises

    The government of Peruvian President Pedro Pablo Kuczynski is evaluating a $2.4 billion railway project to transport mineral concentrates from a copper-rich Andean region to the Pacific coast for export, a government official told Reuters Wednesday. Deputy Mines Minister Ricardo Labo said the proposed railway would start in the highland region of Apurimac and stretch 600 km (373 miles) to the coast, carrying concentrates from Chinese-owned MMG Ltd's Las Bambas mine and other copper and iron projects slated to come online in the next 15 years. A railway might help ease tensions between mining companies and farming communities in the Andes that have complained about the dust and noise created by hundreds of diesel trucks that transport MMG's copper over unpaved roads every week.

  • Reuters7 months ago

    BRIEF-MMG Ltd Updates On Issue Of 338 Mln Convertible Redeemable Preference Shares In Unit

    Dec 29 (Reuters) - Mmg Ltd: * UPDATES ON ISSUE OF 338 MILLION CONVERTIBLE REDEEMABLE PREFERENCE SHARES IN UNIT TOPSTART LIMITED​ * ‍TOPSTART LTD ISSUED NOTICE TO ALBER HOLDINGS COMPANY CONFIRMING THAT ...

  • Reuters7 months ago

    BRIEF-MMG Ltd Updates On Las Bambas Grinding Media Supply Agreement

    Dec 22 (Reuters) - Mmg Ltd: * ‍MINERA LAS BAMBAS ELECTED TO EXERCISE ITS FIRST OPTION TO EXTEND LAS BAMBAS GRINDING MEDIA SUPPLY AGREEMENT FOR FURTHER PERIOD OF 12 MONTHS​ Source text for Eikon: Further ...

  • Reuters7 months ago

    BRIEF-MMG Ltd Appoints ‍Mark Davis As Executive General Manager Operations - Africa, Australia & Asia​

    Dec 14 (Reuters) - Mmg Ltd: * APPOINTS ‍MARK DAVIS AS EXECUTIVE GENERAL MANAGER OPERATIONS - AFRICA, AUSTRALIA AND ASIA​ * APPOINTS SURESH VADNAGRA AS EXECUTIVE GENERAL MANAGER OPERATIONS AMERICAS AND ...

  • Reuters7 months ago

    BRIEF-Mmg Says Mmg Dugald River Entered Sales Agreement With Minmetals North-Europe

    Dec 8 (Reuters) - Mmg Ltd: * 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 ...

  • Reuters7 months ago

    Displaced by mining, Peru villagers spurn shiny new town

    This remote town in Peru's southern Andes was supposed to serve as a model for how companies can help communities uprooted by mining. Named Nueva Fuerabamba, it was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine. The mine's operator, MMG Ltd, the Melbourne-based unit of state-owned China Minmetals Corp, threw in jobs and enough cash so that some villagers no longer work.

  • Reuters8 months ago

    BRIEF-Red Metal Co‍ Executed An Option And Joint Venture Agreement With MMG Exploration​

    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)​ Source text for Eikon: Further company coverage:...

  • Reuters8 months ago

    BRIEF-MMG says ‍Lane Xang Minerals to sell copper cathode to China Minmetals Non-Ferrous Metals ​

    Nov 10 (Reuters) - Mmg Ltd * ‍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, ...

  • Reuters8 months ago

    BRIEF-MMG Ltd says ‍commissioning at Dugald River Zinc Project continues to progress to plan​

    Nov 8 (Reuters) - Mmg Ltd * Commissioning at Dugald River Zinc Project in Queensland continues to progress to plan​ Source text for Eikon: Further company coverage: