Plunging copper and zinc prices have hammered profits at MMG, the overseas mining unit of state-owned metals trading major China Minmetals. But the company’s chief executive Andrew Michelmore is hopeful they are both set to rebound next year. Photo: Reuters

MMG to sell assets and refinance to strengthen balance sheet

China Minmetals’ overseas mining unit posts US$93 million loss for first six months, widened from US$48 million a year ago, as metal prices slump

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Plunging copper and zinc prices have hammered profits at MMG, the overseas mining unit of state-owned metals trading major China Minmetals. But the company’s chief executive Andrew Michelmore is hopeful they are both set to rebound next year. Photo: Reuters
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