Key Developments: Mongolian Mining Corp (0975.HK)

0975.HK on Hong Kong Stock

0.81HKD
19 Sep 2014
Price Change (% chg)

HK$0.11 (+15.71%)
Prev Close
HK$0.70
Open
HK$0.70
Day's High
HK$0.81
Day's Low
HK$0.69
Volume
34,378,059
Avg. Vol
8,453,054
52-wk High
HK$1.55
52-wk Low
HK$0.48

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Latest Key Developments (Source: Significant Developments)

Mongolian Mining Corp does not recommend interim dividend
Monday, 18 Aug 2014 10:54am EDT 

Mongolian Mining Corp:Does not recommend declaration and payment of interim dividend in respect of the six months ended June 30, 2014 (six months ended June 30, 2013: nil).  Full Article

Mongolian Mining Corp announces formation of joint venture
Tuesday, 8 Apr 2014 07:58am EDT 

Mongolian Mining Corp:Energy Resources LLC, indirect wholly-owned subsidiary entered into shareholders agreement with Lodestar Investment Pte Ltd, subsidiary of China Shenhua Overseas Development and Investment Co Ltd, , Erdenes Tavan Tolgoi JSC, and Tavan Tolgoi JSC.Parties agree to establish joint venture co to be named as Gashuunsukhait Railway LLC.For development of cross border railway.  Full Article

Mongolian Mining Corp does not recommend dividend
Thursday, 3 Apr 2014 05:06am EDT 

Mongolian Mining Corp:Does not recommend a dividend for FY 2013 (2012: nil).  Full Article

Mongolian Mining Corp Announces Appointment Of Chief Financial Officer
Tuesday, 27 Aug 2013 06:21pm EDT 

Mongolian Mining Corp announced the re-designation and appointment of Ms. Ulemj Baskhuu (Ms. Baskhuu) from her current position of Chief Investment Officer (the CIO) to Chief Financial Officer (the CFO) of the Company with effect from August 27, 2013.  Full Article

Mongolian Mining Corp Does Not Recommend Dividend
Tuesday, 27 Aug 2013 10:58am EDT 

Mongolian Mining Corp announced that the Board does not recommend the payment of dividend for the six months ended June 30, 2013 (dividend for the six months ended June 30, 2012: nil).  Full Article

Mongolian Mining Corp Does Not Recommend Final Dividend
Monday, 11 Mar 2013 06:11pm EDT 

Mongolian Mining Corp announced that the Board does not recommend the payment of dividend for the year ended December 31, 2012 (dividend in 2011: nil).  Full Article

Mongolian Mining Corp Comments On FY 2012 Profit Guidance
Tuesday, 22 Jan 2013 09:00am EST 

Mongolian Mining Corp announced that for fiscal 2012, it expects to record a consolidated loss for fiscal 2012 as compared to a consolidated profit recorded for fiscal 2011. The Board believes that the loss for fiscal 2012 is mainly attributable to: a decrease of prices for coking coal products supplied by the Group due to market conditions in its principal market, the People’s Republic of China, as demand from steel mills and coke plants was affected by global economic conditions; an increase in the Company's finance costs due to the issue of Guaranteed Senior Notes in March 2012; and an increase in the Company's costs related to accounting for inventory loss provisions.  Full Article

Mongolian Mining Corp gives FY 2012 loss outlook
Sunday, 20 Jan 2013 07:00pm EST 

Mongolian Mining Corp:Expects to record a consolidated loss for FY 2012 as compared to a consolidated profit recorded for FY 2011.The loss is mainly attributable to a decrease of prices for coking coal products supplied by the group due to market conditions in its principal market, the People’s Republic of China, as demand from steel mills and coke plants was affected by global economic conditions.An increase in the Group’s finance costs due to the issue of Guaranteed Senior Notes in March 2012.An increase in the group’s costs related to accounting for inventory loss provisions.  Full Article

Fitch: Weakening Mongolian Mining Highlights Risks for Banks

(The following statement was released by the rating agency) HONG KONG/LONDON, April 30 (Fitch) The extension of a debt repayment by Mongolian Mining Corporation (MMC) highlights the pressures for the industry and the risks for local banks, Fitch Ratings says. Mongolian banks do not have excessively high direct exposure to mining, but the deteriorating operating environment for the country's key export sector heightens wider macro risks to the banking system. There are no immediate rating im

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