• Fri
  • Dec 26, 2014
  • Updated: 1:43pm

Zinc

MMG sets 10pc floor for return on acquisitions

Hong Kong-listed MMG, led by chief Andrew Michelmore, is interested in mining projects that are already well advanced. Photo: Bloomberg

MMG, the overseas non-ferrous metals mining unit of state-owned China Minmetals, will consider as acquisition targets only assets and projects with at least a 10 per cent return, even though it enjoys low financing costs thanks to its parent firm's connections.

Tuesday, 18 March, 2014, 5:16am

Zinc hungry China asks Canada to back giant mine

Residents walk past a zinc smelter belonging to the Dongling Group, in Fengxian county, Shaanxi province. Photo: Reuters

With zinc sources drying up and demand forecast to surge, resource hungry China is looking to Canada to approve two giant mines and close the gap – but environmentalists and roving caribou stand in the way.

5 Jan 2013 - 2:07pm 1 comment

Mainland alchemists turn damaged zinc into solid gold

Magic happens for Huludao.

China has been telling the world not to worry about the bad debt of its banks. Central bankers reassure us the situation is manageable.

Sceptical foreign investors can, perhaps, take some comfort from the wisdom and calmness of their mainland counterparts. The 3.5 billion yuan (HK$4.3 billion) loan default announced by the Metallurgical Corporation of China (MCC) is most telling.

22 Dec 2012 - 2:36am 2 comments

Health bites

Better late than never

8 May 2012 - 12:00am

Rock stars

CLOCKWISE FROM ABOVE LEFT: MIMC MINERAL COLOR POWDER 112 HK$235; ORGANIC GLAM LIPSTICK PINK SHIMMER HK$300; BAREMINERALS ORIGINAL SPF 15 FOUNDATION HK$250; MIMC MINERAL COLOR CHEEK 23 HK$435; ORGANIC GLAM EYE SHADOW NUDE BROWN HK$465; M.A.C  MINERALIZE EYE SHADOW IN LOVE CONNECTION AND BLUE FLAME HK$185. PHOTO: GARY NG, COMMON STUDIO

Organic materials can improve your health while making you look good, writes Victoria Ip.

8 Mar 2012 - 12:00am

Yunnan miner plans 1.55b yuan in spending

China Polymetallic Mining said yesterday it plans to spend 1.55 billion yuan (HK$1.89 billion) utnil the end of next year to buy mining rights and to fund development and operating costs.

The Yunnan firm said it would weather depressed equity-market valuations to launch a share offering because of its role as a consolidator of the province's metals-mining sector.

2 Dec 2011 - 12:00am

The Litigators

The Litigators by John Grisham (read by Dennis Boutsikaris) Hodder & Stoughton (audiobook)

27 Nov 2011 - 12:00am

Minmetals Resources has five-year growth plan

Minmetals Resources, the Hong Kong-listed overseas mining arm of state-backed metals trading giant China Minmetals Corp, aims to quadruple its market capitalisation within five years.

26 Aug 2011 - 12:00am

At home to cancer

Li Sherong, a villager who lives along the Xiang River in Hunan province, says she is counting her remaining days after she was diagnosed with cancer nearly three years ago. She isn't the only member of her family haunted by the killer disease - her husband and two of his brothers died of cancer in the past few years.

17 Jun 2011 - 12:00am

Hunan Nonferrous posts loss as prices fall

Hunan Nonferrous Metals Corp, the mainland's biggest producer of zinc and tungsten, posted a net loss of 212.4 million yuan (HK$ 241.39 million) in the first half because of lower metal prices and weak demand. This compares with a 74.17 million yuan profit for the same period last year. Turnover dropped 30 per cent to 6.2 billion yuan. The company did not declare a dividend.

24 Aug 2009 - 12:00am

Western Mining pares lead and zinc forecasts

Western Mining, a key lead and zinc miner on the mainland, yesterday cut its production forecasts for the two minerals this year amid rising costs, limited power supplies and falling zinc prices.

31 Jul 2008 - 12:00am

EPI targets 4 mine deals

Nonferrous metals producer and trader EPI Holdings hopes to conclude four metals mining investments this year, including a copper project in the Philippines, with joint-venture partner Jiangxi Copper.

The Philippine mine has copper reserves of not less than 6 million tonnes and is owned by a listed firm, EPI chairman and chief executive Joseph Wong Chi-wing said.

28 Apr 2008 - 12:00am

Sungreen to buy more metal mining assets

Sungreen International Holdings, a mainland agrochemical manufacturer listed on the Growth Enterprise Market, plans to diversify more into metal mining and related businesses after sealing a HK$892.5 million acquisition last week.

14 Feb 2008 - 12:00am

Zinc and lead smelting sectors cause concern

The National Development and Reform Commission, Beijing's top planning agency, yesterday said it was concerned about 'excessively rapid' growth in investment in the country's zinc and lead smelting industries, sparking expectation of further tightening measures soon.

28 Nov 2007 - 12:00am

Western Mining in 3b yuan Hubei push

Western Mining, a leading mainland producer of zinc, lead, copper and aluminium, plans to invest three billion yuan to explore for lead and zinc and build smelters in Hubei, capitalising on the resources of the central province.

13 Oct 2007 - 12:00am

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