HK's MMG climbs, says Queensland mine to resume work as fire threat contained

MMG

14/01/2025 07:55

** Shares of mining group MMG Ltd  1208.HK  climb 1.5% to
HK$2.71, their highest since Dec. 13, and on track for fourth
consecutive session of gains
    ** MMG, backed by state-owned China Minmetals Corporation,
said on Tuesday it expects to resume operations at its Dugald
River zinc mine in Queensland later in the day after an
approaching grassfire near its perimeter was contained
    ** MMG said it does not expect any material impact on its
full-year production outlook for Dugald River, which produced
more than 150,000 metric tons of zinc in fiscal 2023
    ** Hang Seng Commerce & Industry Index  .HSNC  surges 2.4%,
material index  .HSCIM  adds 0.8% and Hang Seng Index  .HSI 
rises 1.9%
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))