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CITIC Resources Holdings Ltd (1205.HK)

1205.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Citic Resources says nominees secured financial support from Australia
Thursday, 19 Jan 2017 08:07pm EST 

Citic Resources Holdings Ltd <1205.HK> : Portland Aluminium Smelter to restart capacity lost after power outage voluntary announcement . Citic nominees secured financial support from State Government of Victoria & Commonwealth Government of Australia . Secured financial support to assist in funding restart of smelter and on-going operations under four year agreements . Citic nominees has entered into a new hedging agreement with AGL Energy in relation to supply of electricity to smelter .Announcement follows power outage in Dec 2016 which disrupted operations & caused reduction in production capacity at Portland Aluminium Smelter.  Full Article

Citic Resources says nominees secured financial support from Australia<1205.HK>
Thursday, 19 Jan 2017 06:24pm EST 

Citic Resources Holdings Ltd <1205.HK> : Portland Aluminium Smelter to restart capacity lost after power outage voluntary announcement . Citic nominees secured financial support from State Government of Victoria & Commonwealth Government of Australia . Secured financial support to assist in funding restart of smelter and on-going operations under four year agreements . Citic nominees has entered into a new hedging agreement with AGL Energy in relation to supply of electricity to smelter .Announcement follows power outage in Dec 2016 which disrupted operations & caused reduction in production capacity at Portland Aluminium Smelter.  Full Article

Citic Resources Holdings updates on dispute in China with Shanxi Coal Import & Export Co
Thursday, 19 Jan 2017 04:27am EST 

Citic Resources Holdings Ltd <1205.HK>: Citic Resources-update On Dispute In China With Shanxi Coal Import & Export Co., Ltd. <1205.HK> . Refers to a civil ruling of Shanxi Court, Shanxi Coal i/e's claim against cact for sum of US$89.8 million plus interest . Civil legal proceedings against Cact by Shanxi Coal i/e under claim will be terminated .Claims and costs in respect of claim, has been transferred to public security bureau..  Full Article

CITIC Resources expects to record profit for six months ended June 30<1205.HK>
Monday, 4 Jul 2016 06:08am EDT 

CITIC Resources Holdings Ltd <1205.HK>: Positive profit alert <1205.HK> . Expecting to record an unaudited consolidated profit attributable for the six months ended 30 June 2016 . Expected net profit primarily attributable to pre-tax fair value gain recorded in respect of group's interest in alumina limited .  Full Article

CITIC Resources enters MOU with ITOCHU<1205.HK><8001.T>
Tuesday, 21 Jun 2016 08:00pm EDT 

CITIC Resources Holdings Ltd <1205.HK>: Company entered into MOU with ITOCHU Corporation . Mou enables companies to identify, review, co-acquire and co-invest in suitable oil and gas exploration and production assets and projects .  Full Article

Itochu launches joint research with CITIC Group for potential oil and gas investment - Nikkei<1205.HK><8001.T>
Tuesday, 21 Jun 2016 03:44pm EDT 

Nikkei: Itochu launches joint research with CITIC Group to find investment projects in oil and gas development - Nikkei .Itochu, CITIC Resources to consider acquiring stakes in low-risk projects; each company could invest combined $946 million or more per project - Nikkei.  Full Article

CITIC Resources updates on disposal of assets<1205.HK>
Monday, 9 May 2016 07:34pm EDT 

CITIC Resources Holdings Ltd <1205.HK>: Voluntary announcement disposal of olive downs south, olive downs south extended, willunga and olive downs north coal interests <1205.HK> . Deal for A$16.2 million . The group will record an investment gain from the disposal .  Full Article

CITIC Resources Holdings Ltd issues FY 2015 profit warning
Friday, 4 Dec 2015 05:07am EST 

CITIC Resources Holdings Ltd:Anticipates that will record a net loss for the year ending 31 December 2015 (2014: net profit of hk$270,415,000).Substantial loss from the group's oil business is expected for 2015 due to low oil prices amid continuing market oversupply.  Full Article

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BRIEF-Citic Resources says nominees secured financial support from Australia

* Portland Aluminium Smelter to restart capacity lost after power outage voluntary announcement