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    1208   HK1208013172

MMG LIMITED

(1208)
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Delayed Hong Kong Stock Exchange  -  05/25 04:08:04 am EDT
3.280 HKD   +1.55%
04:09pPeru talks fail again to end standoff at MMG's Las Bambas copper mine
RE
04:07aIndustrial metals fall as global growth concerns weigh
RE
02:57aIndustrial metals fall on global growth concerns
RE
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MMG Limited Announces Board Changes

01/05/2022 | 09:24am EDT

MMG Limited announced that Mr. Gao Xiaoyu (Geoffrey) (Mr Gao) has tendered his resignation as the executive director of the Company with effect from 5 January 2022 to return to a role with China Minmetals Corporation (CMC) in Beijing. The Board also announced that Mr. Li Liangang (Mr Li) has been appointed as an Executive Director, with effect from 5 January 2022. Mr. Li, aged 57, has served on the Executive Committee of the Company since January 2020 in his capacity as the Executive General Manager ­ Commercial. His present role title is Executive General Manager ­ Australia and Commercial with responsibilities for the Dugald River and Rosebery operations and Australia support functions and also Supply and Marketing. Li Liangang was a Vice President of China Minmetals Non-ferrous Metals Company Limited (CMN) in Beijing, leading several global trading departments from 2016 to 2018. Mr. Li was the President and CEO of Minmetals Inc. (L.A.) from 2018 to 2019. The Company also announced that Mr. Guo Wenqing (Mr Guo) has tendered his resignation as the Chairman and a non-executive director of the Company with effect from 5 January 2022 in order to focus on his other duties as the President of CMC. The Board announced the appointment of Mr. Jiao Jian (Mr Jiao), currently a Non-executive Director, as the Chairman of the Company with effect from 5 January 2022. Mr. Jiao, aged 53, was redesignated from an Executive Director and CEO to a Non-executive Director in August 2018. Prior to his redesignation, he was an Executive Director and the CEO of the Company from February 2017 to July 2018, the Chairman of the Company from August 2014 to February 2017 and a Non-executive Director from December 2010 to February 2017. Mr. Jiao is a member of the Company's Governance, Remuneration and Nomination Committee. Mr. Jiao was reappointed as Vice President of CMC and designated as director and the President of China Minmetals Corporation Limited in August 2018. He was appointed as the Chairman of CMN in February 2016, and has been a director of CMN since December 2009. Mr. Jiao has also been a director of Hunan Nonferrous Metals Holding Group Co. Ltd. since July 2010.


© S&P Capital IQ 2022
All news about MMG LIMITED
04:09pPeru talks fail again to end standoff at MMG's Las Bambas copper mine
RE
04:07aIndustrial metals fall as global growth concerns weigh
RE
02:57aIndustrial metals fall on global growth concerns
RE
05/20Copper poised for first weekly gain in seven on demand hopes, dollar retreat
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05/20Copper set for first weekly gain in seven on demand hopes, dollar retreat
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05/19Copper poised for first weekly rise in seven as China eases COVID curbs
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05/19Peru fails yet again to broker truce allowing MMG's Las Bambas mine restart
RE
05/17Peru mining protests risk clogging $53 billion investment pipeline, industry warns
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05/12Peru community wants its land back, threatening Chinese copper mine
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05/11Copper gains after half of Shanghai achieves 'zero-COVID' status
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More news
Analyst Recommendations on MMG LIMITED
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Financials (USD)
Sales 2022 4 618 M - -
Net income 2022 628 M - -
Net Debt 2022 4 194 M - -
P/E ratio 2022 5,59x
Yield 2022 -
Capitalization 3 610 M 3 610 M -
EV / Sales 2022 1,69x
EV / Sales 2023 1,44x
Nbr of Employees 4 238
Free-Float 32,3%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 0,42 $
Average target price 0,52 $
Spread / Average Target 23,6%
EPS Revisions
Managers and Directors
Lian Gang Li CEO, Executive Director & Executive GM-Commercial
Ross Anthony Carroll Chief Financial Officer
Jian Jiao Chairman
Peter William Cassidy Independent Non-Executive Director
Cheuk Yan Leung Independent Non-Executive Director