MMG to list on ASX by December
PERTH (miningweekly.com) – Base metals miner MMG has been approved for a secondary listing on the ASX, to complement its current listing on the Hong Kong Stock Exchange (HKEx).
“Australia is an attractive market for the mining and metals sector with dedicated research coverage and strong understanding of the sector by the investor community," MMG CEO Andrew Michelmore said on Thursday.
“There is a strong link with Australia given our head office and executive team and a number of operations are located here.”
Michelmore said that the inclusion of MMG on the ASX would provide investors with exposure to a diversified midtier base metals company with a committed growth mandate.
“We believe that listing on the ASX will enable more investors to participate in MMG’s growth and increase the attractiveness and liquidity of our shares. This will drive benefits for all shareholders, whether they hold shares through the HKEx or ASX.”
“As we approach commercial production from the world’s largest copper project in construction, Las Bambas in Peru, we think the timing is right to offer greater exposure to the MMG growth story,” he said.
MMG, which would start trading on the ASX on December 14, would not seek to raise capital in conjunction with the new listing.
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