|Bid||2.250 x 0|
|Ask||2.260 x 0|
|Day's Range||2.200 - 2.310|
|52 Week Range||2.200 - 6.530|
|Beta (3Y Monthly)||2.39|
|PE Ratio (TTM)||33.94|
|Earnings Date||Aug 15, 2017 - Aug 21, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.60|
Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday. The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down, Americo Contreras, a representative of the public ombudsman office told Reuters on Tuesday. The community started the blockade after the talks ended without a solution late on Monday, Contreras said by phone, citing a document from government officials who had mediated the negotiations.
An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday. The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citing a document from government officials who mediated the talks that ended without a solution late on Monday. "For now Yavi Yavi is blocked and the mining company has decided not to transport its minerals," Contreras said, referring to the area of farmland which the road passes through.
April 17 (Reuters) - MMG Ltd: * Q1 TOTAL COPPER CATHODE PRODUCTION 12,539 TONNES, DOWN 37% * Q1 TOTAL COPPER PRODUCTION 101,830 TONNES, UP 16 PERCENT * Q1 TOTAL ZINC PRODUCTION 57,151 TONNES, UP 21 PERCENT ...
April 15 (Reuters) - MMG Ltd: * LAS BAMBAS RESTORED CRITICAL SUPPLIES WITH CONCENTRATE TRANSPORT TO MATARANI PORT RECOMMENCING ON 13 APRIL 2019 * CO WELCOMES ACCEPTANCE OF AGREEMENTS BY COMMUNITIES TO ...
Las Bambas mine, one of Peru's largest copper producers, resumed copper transports on Saturday after indigenous communities ended a more than two-month blockade of a key highway, the company said. The Fuerabamba community of the Andean region of Cusco agreed in a meeting late on Friday to end a conflict over compensation that held back exports from Las Bambas, which is controlled by Chinese miner MMG Ltd, according to a statement by Las Bambas mining company. Fuerabamba villagers had since February camped out along a stretch of road in the highland region of Cusco, blocking MMG's trucks from transporting copper from Las Bambas.
The indigenous community of Fuerabamba in Peru's southern Andes region will decide on Friday whether to end or resume its roadblock of Chinese miner MMG Ltd's Las Bambas copper mine, the president of the community said. Fuerabamba villagers started the blockade in February to demand compensation from MMG for using a stretch of road that runs through its farmland. Gregorio Rojas, the leader of Fuerabamba, said the talks did not solve Fuerabamba's demands, and villagers would decide on Friday whether to resume or end the blockade.
The indigenous community of Fuerabamba in Peru will end its two-month-long road blockade of the Las Bambas copper mine only if a deal its leader struck with miner MMG Ltd is ratified in a village assembly, the community's president said on Monday. The community president, Gregorio Rojas, told Reuters by phone that villagers will meet on Tuesday morning to vote on the agreement. The deal, signed by Rojas and MMG on Saturday, committed Fuerabamba to lifting the road blockade on Monday in exchange for compensation from the company.
The indigenous community of Fuerabamba in Peru will end its 2-month road blockade of the Las Bambas copper mine only if a deal that its leader Gregorio Rojas signed with miner MMG Ltd is ratified in a village assembly, Rojas said on Monday. Rojas, the president of Fuerabamba, told Reuters by phone that the community will meet Tuesday morning to discuss the deal, which he signed late on Saturday after MMG offered to compensate Fuerabamba for using a road that crosses through its farmland.
April 8 (Reuters) - MMG Ltd: * LAS BAMBAS UPDATE * EXPECTS TO PROGRESSIVELY RESTORE MINING, PRODUCTION AND CONCENTRATE TRANSPORT TO NORMAL OPERATION * FINISHED STOCKPILES AT SITE ARE CURRENTLY AT APPROXIMATELY ...
The Peruvian government has offered to end emergency measures authorizing the use of force in a remote Andean region if indigenous protesters lift their blockades of roads to Chinese miner MMG Ltd's Las Bambas copper mine, the prime minister said on Monday. Prime Minister Salvador del Solar pitched the idea to Gregorio Rojas, the leader of indigenous community Fuerabamba, during negotiations on Sunday aimed at restoring road access to Las Bambas, one of Peru's biggest copper mines, his office said in a statement.
March 26 (Reuters) - MMG Ltd: * LAS BAMBAS UPDATE * FORCE MAJEURE WILL BE DECLARED UNDER SALES CONTRACTS * PRODUCTION IS EXPECTED TO BE PROGRESSIVELY IMPACTED FROM LATER THIS WEEK * PROTEST ACTIVITIES ...
An indigenous community in Peru will not take part in negotiations aimed at ending its blockade of a road used by Chinese copper miner MMG Ltd until its leader is freed from jail, the community's second-in-command said on Monday. Edison Vargas, the vice president of Fuerabamba, said by phone that the arrests last week of the community's president and lawyers on accusations of extortion were groundless and aimed to delegitimize their complaints. Fuerabamba wants MMG to pay it for using a stretch of road on its farmland, accusing the company of building it to transport copper from its Las Bambas mine without the community's permission.
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday. Junior miner Bacanora Lithium Plc, said earlier this month that it owned 10 lithium concessions in Sonora and was focused on securing funding this year to start production in 2021. Bacanora did not respond to requests for comment outside of working hours in London.
Production at Chinese miner MMG Ltd's Las Bambas copper deposit in Peru could fall "in the near term" due to a month-long road blockade by a community that was relocated to build the mine, the company said on Monday. MMG, controlled by state-owned China Minmetals Corp Ltd , said it had run out of stock at the Peruvian port of Matarani and had warned customers of delays to shipments. The indigenous community of Fuerabamba has said the company built the unpaved road on the community's farmland without its permission, and that the government illegally made it a national highway last year to help the company.
March 6 (Reuters) - MMG Ltd: * FY PROFIT FOR THE YEAR $137.4 MILLION VERSUS $348.4 MILLION * FY CONTINUING OPERATIONS REVENUE $3,670.2 MILLION VERSUS $3,751.3 MILLION Source text for Eikon: Further company ...
Chinese miner MMG Ltd said on Monday it will have to delay some shipments of copper concentrate from Matarani Port in Peru due to a blockade by an indigenous community of a road used to transport copper from the company's Las Bambas mine. The indigenous community has blocked MMG from using the road to take copper to the port for the past 10 days, a lawyer representing the community said on Friday.
Feb 25 (Reuters) - MMG Ltd: * OUTBOUND CONCENTRATE TRANSPORT HAS BEEN DISRUPTED BY BLOCKADE APPROXIMATELY 136KM FROM LAS BAMBAS MINE IN PERU * TO DATE THERE HAS BEEN NO IMPACT TO PRODUCTION, HOWEVER, COMPANY ...
Floods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday. The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region, with at least one miner eyeing more expensive trucking. Flooding rain raked the northern Queensland coast last week, before sweeping inland and submerging vast tracts of outback under record-breaking depths of muddy water.
Jan 24 (Reuters) - MMG Ltd: * QTRLY TOTAL COPPER CATHODE PRODUCTION 18,463 TONNES, DOWN 9 PERCENT * Q4 TOTAL ZINC PRODUCTION 60,085 TONNES, UP 200PCT * Q4 TOTAL LEAD PRODUCTION 11,404 TONNES, UP 48 PERCENT ...
Jan 18 (Reuters) - MMG Ltd: * 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 ...
Dec 31 (Reuters) - MMG Ltd: * 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 Source text ...
Dec 20 (Reuters) - MMG Ltd: * 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 ...
Dec 5 (Reuters) - MMG Ltd: * MMG DUGALD RIVER ENTERED INTO DUGALD RIVER ZINC CONCENTRATE SALES AGREEMENT NO. 2 WITH MINMETALS NORTH-EUROPE Source text for Eikon: Further company coverage:
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. Prime Minister Bruno Tshibala signed the decree, which is dated Nov. 24, despite fierce opposition from leading investors including Glencore and China Molybdenum, who have lobbied against tax hikes under a new mining code adopted earlier this year. The 10 percent royalty rate will also apply to coltan, which is used to power electronic devices, and germanium, which is used to make transistors.