BRIEF: Xinxu Copper gets China’s approval for Nasdaq IPO
China’s securities regulator on Tuesday approved the planned Nasdaq IPO by Xinxu Copper Industry Technology Ltd., according to a statement on the China Securities Regulatory Commission’s (CSRC) website saying the…
BRIEF: Zijin profit surges 51% in 2024
Metals miner Zijin Mining Group Co. Ltd. (2899.HK) said on Tuesday that it earned a profit of about 32 billion yuan ($4.4 billion) last year, up 51.5% year-on-year. Its net…
Zijin Mining’s prospects glitter on acquisitions, rising gold and copper prices
China’s leading gold and copper miner has also gotten a lift from low interest rates and could benefit from growing demand for electricity with the rise of EVs and AI…
FAST NEWS: CMOC’s profit surges on strong sales growth
The Latest: CMOC Group Ltd. (CMOC) (3993.HK; 603993.SH) on Friday estimated it would report an adjusted net profit, which excludes non-recurring gains and losses, of between 5.38 billion ($742 million)…
FAST NEWS: CMOC’s Half-year Profit Doubles as Sales Volume and Prices Rise
The latest: China Molybdenum Co. Ltd. (CMOC) (3993.HK; 603993.SH) released a positive earnings alert Thursday, estimating net profit after deduction of non-recurring gains and losses for the first half of 2022 was between…
FAST NEWS: Beijing Approves CMOC’s Large-Scale African Mining Project
The latest: China Molybdenum Co. Ltd. (CMOC) (3993.HK; 603993.SH) announced Tuesday that the company's plan to develop a $2.51 billion TFM copper and cobalt mixed mine in the Democratic Republic of…
Cobalt Miner CMOC’s Profit Doubles on Heating Demand for EVs
Despite the healthy profit growth last year, company could face future difficulties as China vies with others for the strategically important mineral Key takeaways: CMOC’s profit and revenue rose 119%…