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MMG Limited (1208.HK)
| Previous close | 2.980 |
| Open | 3.020 |
| Bid | 2.980 x 0 |
| Ask | 2.990 x 0 |
| Day's range | 2.980 - 3.040 |
| 52-week range | 1.750 - 4.510 |
| Volume | |
| Avg. volume | 54,671,740 |
| Market cap | 27.525B |
| Beta (5Y monthly) | 2.31 |
| PE ratio (TTM) | 299.00 |
| EPS (TTM) | 0.010 |
| Earnings date | 13 Aug 2024 - 19 Aug 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 23 May 2014 |
| 1y target est | 3.44 |
- Reuters SG
UPDATE 2-China's Norinco agrees to buy struggling Congo cobalt miner Chemaf
Cobalt miner Chemaf SA has agreed to sell assets in the Democratic Republic of Congo to Chinese miner Norin Mining to settle debts largely funded by its long-time partner, commodities trader Trafigura, it said on Thursday. The new owner, a unit of Chinese state-backed China North Industries Corp (Norinco), has the resources and technical capabilities to complete the expansion of two cobalt and copper projects in Congo, Chemaf said in a statement. China's miners, most of which are state-backed, have become the biggest investors in Congo as the world's second-largest economy aggressively pursues copper and cobalt supplies for its rapidly expanding electric vehicle industry.
- Reuters
China's MMG seals $1.9 billion deal to buy Khoemacau copper mine in Botswana
"The acquisition of Khoemacau mine is an important step in achieving our vision of creating a leading international mining company for a low carbon future and will create meaningful long-term value for our shareholders," MMG Chairman Jiqing Xu said in a statement. Smelters in China, the world's top consumer of refined copper, face an increasing challenge in securing copper concentrate, as they boosted capacity in recent years amid slower mining output growth. Reuters in September reported that at least three South African miners were in a race to buy the mine that is home to one of Africa's largest copper deposits, as growing demand for the metal ensures strong competition for the sought-after asset.
- Investing.com
China’s MMG to buy Khoemacau copper mine for $1.88 bln
Investing.com-- Chinese copper miner MMG Ltd (HK:1208) said on Tuesday that it had signed a deal to acquire Cuprous Capital, the holding company that controls the Khoemacau copper mine in Botswana, for $1.88 billion.
