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MMG Ltd (1208.HK)

1208.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

MMG Posts Q1 Total Copper Cathode Production 12,539 Tonnes, Down 37%
Wednesday, 17 Apr 2019 

April 17 (Reuters) - MMG Ltd <1208.HK>::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.2019 PRODUCTION OF COPPER IS NOW EXPECTED TO BE AROUND 450,000 TONNES.  Full Article

MMG Ltd Updates On Las Bambas Site
Monday, 8 Apr 2019 

April 8 (Reuters) - MMG Ltd <1208.HK>::LAS BAMBAS UPDATE.EXPECTS TO PROGRESSIVELY RESTORE MINING, PRODUCTION AND CONCENTRATE TRANSPORT TO NORMAL OPERATION.FINISHED STOCKPILES AT SITE ARE CURRENTLY AT APPROXIMATELY 59,000T OF CONTAINED COPPER IN CONCENTRATE..EXPECT AGREEMENTS WITH COMMUNITY OF NUEVA FUERABAMBA TO LIFT CURRENT ROADBLOCKS RESTRICTING ROAD TRANSPORT TO,FROM, LAS BAMBAS SITE.  Full Article

MMG Ltd Says Outbound Concentrate Transport Disrupted In Peru Mine
Monday, 25 Feb 2019 

Feb 25 (Reuters) - MMG Ltd <1208.HK>::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 WILL NOW NEED TO DELAY SOME SHIPMENTS.  Full Article

MMG Posts Q4 Total Copper Cathode Production Of 18,463 Tonnes
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - MMG Ltd <1208.HK>::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.IN 2019, MMG EXPECTS TO PRODUCE BETWEEN 462,500 AND 485,000 TONNES OF COPPER AND BETWEEN 250,000 AND 270,000 TONNES OF ZINC.COPPER IN CONCENTRATE PRODUCTION FOR 2019 IS EXPECTED TO BE BETWEEN 385,000 AND 405,000 TONNE.C1 UNIT COST GUIDANCE IS US$1.15-1.25/LB FOR 2019.CAPITAL EXPENDITURE FOR 2019 IS EXPECTED TO BE BETWEEN US$400 AND US$500 MILLION.  Full Article

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

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Community must approve deal to end blockade of Peru's Las Bambas mine - community head

LIMA 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.