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MMG Ltd (1208.HK)

1208.HK on Hong Kong Stock

2.65HKD
29 May 2017
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Latest Key Developments (Source: Significant Developments)

Marcelo Hubmeyer De Almeida Bastos has given notice of resignation as COO
Thursday, 4 May 2017 08:10pm EDT 

May 5 (Reuters) - MMG Ltd <1208.HK> ::Marcelo Hubmeyer De Almeida Bastos has given three months' notice of his resignation as chief operating officer.  Full Article

MMG Ltd qtrly total copper production of 147,882 tonnes
Thursday, 20 Apr 2017 08:50am EDT 

April 20 (Reuters) - Mmg Ltd <1208.HK>:Q1 total zinc production 19,146 tonnes, down 3 percent.Qtrly total copper cathode production 36,199 tonnes, down 5 percent.MMG expects to produce 420,000–460,000 tonnes of copper in copper concentrate at las bambas in 2017 at a c1 cost of between US$0.85-0.95/LB.Expects to produce 560,000–615,000 tonnes of copper and 65,000–72,000 tonnes of zinc in 2017.Qtrly total copper production of 147,882 tonnes.  Full Article

MMG Ltd posts FY loss after tax $98.7 million
Wednesday, 8 Mar 2017 07:33am EST 

MMG Ltd <1208.HK> : FY revenue up 28% to US$2.49 billion . MMG expects to produce 560,000-615,000 tonnes of copper and 65,000-72,000 tonnes of zinc in 2017 . Total capital expenditure for 2017 is expected to be between US$850 and US$900 million .FY loss after tax $98.7 million up 91%.  Full Article

MMG expects net loss after tax for FY2016 of about US$100 mln
Friday, 24 Feb 2017 06:13am EST 

Mmg Ltd <1208.HK> : Is expected to record a net loss after tax for financial year ended 31 december 2016 . Expected results due to improvement in underlying operating conditions in second half with commodity prices increasing .Is expected to record a net loss after tax for financial year ended 31 december 2016 (fy2016) of about US$100 million.  Full Article

MMG records copper production of 503,510 tonnes in 2016
Monday, 23 Jan 2017 03:56am EST 

MMG Ltd <1208.HK> : MMG delivered copper production of 503,510 tonnes in 2016 . MMG expects to produce 560,000-615,000 tonnes of copper and 65,000-72,000 tonnes of zinc in 2017 . MMG expects to produce 560,000-615,000 tonnes of copper and 65,000-72,000 tonnes of zinc in 2017 . Zinc production in 2016 was 119,575 tonnes against a guidance range of 120,000-135,000 tonnes .C1 costs are expected to be within the range of US$0.85–US$0.95/LB for 2017 for Las Bambas.  Full Article

Mmg Ltd says unit enters share sale agreement with Emr Golden Grove Holdings Pty Ltd
Thursday, 29 Dec 2016 07:57pm EST 

Mmg Ltd <1208.HK> : Unit entered into conditional share sale agreement with Emr Golden Grove Holdings Pty Ltd .Consideration payable by emr bidco is us$210 mln.  Full Article

MMG Ltd says unit signed facility agreement with Album Enterprises
Thursday, 22 Dec 2016 11:15pm EST 

Mmg Ltd <1208.HK>: Mmg finance entered into facility agreement with album enterprises . Annual limit of loan facility is us$95 million .Mmg finance agreed to make a loan facility available to album enterprises.  Full Article

MMG Ltd CEO to retire
Monday, 26 Sep 2016 07:44pm EDT 

Mmg Ltd <1208.HK>- : Andrew michelmore to retire as CEO .Andrew michelmore has advised board of his intention to retire from his position as an executive director.  Full Article

MMG posts HY net loss of $92.5 million<1208.HK>
Tuesday, 16 Aug 2016 08:08am EDT 

MMG Ltd <1208.HK>: ...more announcement on interim results for the six months ended 30 June 2016 . Says the board has resolved not to pay a dividend for the period. . HY revenue US$586.1 billion versus US$1.11 billion . HY net loss $92.5 million versus loss of $46.2 million a year ago . Says MMG maintains a positive outlook for zinc . MMG expects to produce 415,000-477,000 tonnes of copper and 120,000-135,000 tonnes of zinc in 2016. . Total capital expenditure is expected to be in the range of US$900-950 million for 2016 . Copper concentrate is on track to meet guidance for the year of 250,000-300,000 tonnes . Has no future plans for material investments or capital assets sanctioned by the board other than those detailed in this report or announced to the market" . "We anticipate dugald river will achieve first production in 2018 in a market of shrinking global supply" . Says " we expect that prices for our key commodities - copper and zinc - will remain under pressure in the near term" . "Las bambas "will generate around 400,000 tonnes of copper in copper concentrate per year from 2017" . "For our key commodities copper and zinc , we are confident in their long term fundamentals across supply and demand metric" .  Full Article

MMG Ltd updates on debt restructure agreement<1208.HK>
Friday, 5 Aug 2016 06:02am EDT 

MMG Ltd <1208.HK>: Discloseable transaction - debt restructure agreement in relation to the disposal of the 42% equity interest in yantain penghui <1208.HK> . Goldfair, a wholly owned subsidiary of the company, entered into a debt restructure agreement with yantai guofeng . Yantai guofeng has agreed to pay RMB26 million to goldfair .  Full Article

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