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Australia Mining

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Discovery Reports
MMG, the overseas mining unit of state-backed China Minmetals, reported a wider than expected loss for 2016. A truck is loaded with rocks at an Equinox copper mine in Lumwana, Zambia. Photo: Handout courtesy of Reuters

Chinese copper miner MMG unveils wider than expected loss

MMG, Asia’s largest listed copper miner by output, was under pressure in Hong Kong trading on Thursday, after the company reported a larger than expected net loss for 2016 and unveiled plans to raise copper output by up to 22 per cent this year.