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MMG completes Sale of Sepon Mine

MMG Limited (MMG) has completed the sale of its 90% interest in Lane Xang Minerals (LXML), which owns the Sepon mine in Lao PDR, to Chifeng Jilong Gold Mining Co,. Ltd (Chifeng) for a total consideration of US$275 million.

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New Life for Century Mine in Queensland

MMG Limited (MMG) entered into agreements with Century Mine Rehabilitation Project Pty Ltd, a subsidiary of Century Bull Pty Ltd (Century Bull), to effect the transfer of the former Century zinc mine in North West Queensland.

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SAP Customers ThyssenKrupp AG, MMG Limited and ArcelorMittal Mining save Time and Money with Cloud

SAP SE (NYSE: SAP) today announced three customers using cloud solutions from SAP to lower IT costs, increase data integrity and grow profits through innovation. According to a recent SAP customer survey, 80 percent of energy and natural resources customers plan to move to a cloud or hybrid IT model over the next three years. To facilitate this transition, the Industry Cloud organization at SAP is working with customers to combine the best solutions with the right cloud model to solve industry-specific challenges. The three customers will also share their experiences at the SAP Mining & Metals Forum, being held October 8-9 in Darmstadt, Germany. Onsite sessions will focus on how to manage and motivate employees, improve margins and supplier relationships, streamline common processes to create new opportunities and gain visibility across remote mining locations.

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MMG: Cessation of Gold Production at Sepon Mine

The board of directors of the Company (Board) inform holders of the Company’s shares and potential investors that it has decided to cease gold mining and production at its Sepon mine in Laos, which is operated by its Lao subsidiary Lane Xang Minerals Limited (LXML), effective December 2013 due to depleting ore reserves and lower margins.

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MMG enters nickel exploration JV with IMX Resources in Tanzania

MMG Limited (MMG) (HK.1208) recently announced that it has reached agreement with IMX Resources Limited (IMX) to undertake a joint venture (JV) interest in their Nachingwea project, which includes the Ntaka Hill Nickel Sulphide Project, located in south-east Tanzania.

The project is at an advanced exploration stage with significant nickel sulphide resources as previously defined by IMX.

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MMG: Management Changes

MMG Limited announced that Mr Troy Hey, currently the Company’s General Manager – Stakeholder & Investor Relations, will assume the role of Executive General Manager – Stakeholder Relations as from 29 August 2013.

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MMG: Fatality at Sepon mine

MMG Limited (MMG) announced that Mr Daola Phoumixay, a UXO (unexploded ordinance) clearance worker at LXML Sepon in the Lao PDR, passed away yesterday evening in Savannakhet hospital, following injuries suffered earlier in the day.

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