Southern Alliance Mining Ltd.

QNS

SGXE41674636

Iron & Steel

Market Closed - Singapore S.E. Other stock markets 03:28:49 2024-04-26 am EDT			5-day change	1st Jan Change
0.43 ^SGD	0.00%		-3.37%	-36.30%

Mar. 18	Southern Alliance Mining’s Attributable Loss for H1 2023 Narrows; Revenue Surges 77%	MT
Mar. 15	Southern Alliance Mining Ltd. Reports Earnings Results for the Half Year Ended January 31, 2024	CI

Southern Alliance Mining Ltd. signed a non-binding memorandum of understanding to acquire 40% stake in MCRE Resources Sdn Bhd from Aras Kuasa Sdn. Bhd., Dato' Sri Pek Kok Sam and Dato' Teh Teck Tee.

April 16, 2023

Southern Alliance Mining Ltd. (Catalist:QNS) signed a non-binding memorandum of understanding to acquire 40% stake in MCRE Resources Sdn Bhd from Aras Kuasa Sdn. Bhd., Dato' Sri Pek Kok Sam and Dato' Teh Teck Tee on April 17, 2023. MOU is subject to Southern Alliance Mining Ltd and vendors entering into the definitive agreements, satisfactory due diligence, obtaining the relevant regulatory approvals and shareholders?

approval of Southern Alliance Mining Ltd. The exclusivity period has been extended to July 31, 2024.

Latest news about Southern Alliance Mining Ltd.

Southern Alliance Mining’s Attributable Loss for H1 2023 Narrows; Revenue Surges 77%	Mar. 18	MT
Southern Alliance Mining Ltd. Reports Earnings Results for the Half Year Ended January 31, 2024	Mar. 15	CI
Southern Alliance Mining Forecasts Return to Gross Profit, Lower Net Loss for First Half Ended Jan. 31	Mar. 11	MT
Southern Alliance Mining Ltd. Provides Earnings Guidance for the Six Months Ended 31 January 2024	Mar. 11	CI
Southern Alliance Mining Unit Wins New Exploration Licenses in Malaysia	Jan. 16	MT
Southern Alliance Mining Trims Losses in Fiscal H2	23-09-26	MT
Southern Alliance Mining Ltd. Reports Earnings Results for the Full Year Ended July 31, 2023	23-09-26	CI
Southern Alliance Mining Secures 10-Year Lease Extension for Malaysian Mine	23-09-26	MT
Southern Alliance Mining Ltd. Announces Extension for the Mining Lease 6/2014 of the Chaah Mine	23-09-25	CI
Southern Alliance Mining Warns of Losses in Fiscal 2023	23-09-12	MT
Southern Alliance Mining Ltd. Provides Group Earnings Guidance for the Fiscal Year 2023	23-09-12	CI
Southern Alliance Mining Secures 10-Year Lease Extension for Malaysian Mine	23-07-20	MT
205,000,000 Ordinary Shares of Southern Alliance Mining Ltd. are subject to a Lock-Up Agreement Ending on 27-JUN-2023.	23-06-26	CI
Southern Alliance Mining Provides Updates on IPO Proceeds	23-06-13	MT
Singapore Stocks Close in Red; Southern Alliance Mining Slips 6% on MOU to Acquire Two Malaysian Mining Companies	23-04-18	MT
Southern Alliance Mining Signs MOU to Acquire Two Mining Companies in Malaysia	23-04-18	MT
Southern Alliance Mining Ltd. signed a non-binding memorandum of understanding to acquire Paramount Synergy Sdn Bhd from Dato' Sri Pek, Jimmy Chin, Xu DaWei, and Lai Choy Leng.	23-04-16	CI
Southern Alliance Mining Ltd. signed a non-binding memorandum of understanding to acquire 40% stake in MCRE Resources Sdn Bhd from Aras Kuasa Sdn. Bhd., Dato' Sri Pek Kok Sam and Dato' Teh Teck Tee.	23-04-16	CI
Singapore Stocks Start Week Lower; Southern Alliance Mining Rises 8% Amid Talks to Acquire Malaysian Mining Companies	23-04-10	MT
Southern Alliance Mining in Talks to Acquire Two Mining Companies in Malaysia	23-04-10	MT
Southern Alliance Mining Turns to Loss in Fiscal H1 as Revenue Plummets 47%	23-03-17	MT
Southern Alliance Mining Ltd. Reports Earnings Results for the Half Year Ended January 31, 2023	23-03-16	CI
Southern Alliance Mining Ltd. Reports Earnings Results for the Half Year Ended January 31, 2023	23-03-16	CI
Southern Alliance Mining Flags Losses for Fiscal H1	23-03-13	MT
Southern Alliance Mining Hires Subcontractor for Underground Mining in Malaysian Mine	23-01-18	MT

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Company Profile

Southern Alliance Mining Ltd. is a Malaysia-based company, which is engaged in investment holding and provision of management services. The Company is a high-grade iron ore producer. The Company is involved in the exploration, mining and processing of iron ore for subsequent sale. It sells iron ore concentrate of low level of impurities with total Fe grade of between 62% to 65% to steel mills and trading companies located in Malaysia and China, and pipe coating materials that are crushed iron ore with a natural characteristic of a higher density for subsea pipes. Its mining asset, the Chaah Mine, is an open mine pit consisting of two mining leases and covering an aggregate area of approximately 225.7 hectares. Its supporting infrastructure and facilities consist of four fixed crushing plants, two lines of mobile crushers and two beneficiation plants both capable of operating on a 24-hour shift. Its prospects include Mao'kil, Chaah Baru, Kota Tinggi and Tenggaroh.

Sector

Iron & Steel

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
SOUTHERN ALLIANCE MINING LTD.	-36.30%	154M
JSW STEEL LIMITED	+0.70%	25.86B
BAOSHAN IRON & STEEL CO., LTD.	+19.56%	21.28B
CHINA STEEL CORPORATION	-9.07%	11.73B
JINDAL STEEL & POWER LIMITED	+24.56%	11.2B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+11.54%	10.91B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+10.96%	10.15B
TERNIUM S.A.	+2.61%	8.56B
BHARAT FORGE LIMITED	+5.78%	7.32B
JINDAL STAINLESS LIMITED	+22.56%	6.92B