Mmg Ltd. · HKEX:1208
Mmg — Minmetals Resources — Shareholder Meeting (May 2011)
11 slides from Mmg's shareholder meeting presentation, May 16, 2011
Slide 1: Voting Results of the Annual General Meeting held on 16 May 2011
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Slide 2: Voting results on AGM resolutions
The voting results in respect of all the resolutions proposed at the AGM are as follows: Number of Votes Ordinary Resolutions (approximate %) For Against 1. To receive and consider the audited financial 4,013,543,343 3,300,000 statements and the reports of the directors and (99.9178%) (0.0821%) audi
Slide 3: Resolutions passed and board composition
As more than 50% of the votes were cast in favor of each of the above resolutions, all the resolutions were duly passed as ordinary resolutions of the Company. PRESENTATION AT THE AGM The Board is also pleased to provide the presentation materials to the Shareholders at the AGM. Details are included
Slide 4: Minmetals Resources Limited 2011 Annual General Meeting
Minmetals Resources Limited (HK: 1208) 2011 Annual General Meeting
Slide 5: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organisation/firm) or published, in whole or in part, for any pu
Slide 6: March quarter highlights
March quarter highlights Safety TRIFR down from 4.8 to 4.5 Sepon copper output rose 7% following completion of expansion to 80ktpa Production / Total zinc and lead production increased by 8 & 19% respectively despite a heavy operations wet season impacting operations at Century Copper in con
Slide 7: MMR's balance sheet is strong and getting stronger
MMR’s balance sheet is strong and getting stronger At 31 December 2010 MMR had circa $1.5b in net debt. This position has or will further improve through: $500m raised in April equity placement proceeds from the sale of 4.2% stake in Equinox (>$300m) Proposed sale of non core assets (expected
Slide 8: MMR's share register enhanced
MMR’s share register enhanced MMR share register has been restructured making it easier to invest: the free float has more than doubled to 1.5 billion shares or 28.4% of issued capital following the placement in April. the April placement was largely taken up by global resource funds expanding M
Slide 9: MMR's vision
MMR’s vision Build a major international upstream base metals group.. Major Top 3 of mid tier resource companies within 5 years International Outside China Mining Upstream First stage processing – not smelting Copper, Zinc Base Metals Nickel, Bauxite / Alumina ..through internal explorat
Slide 10: MMR's strategy
MMR’s strategy Delivering on the vision. Rapid urbanization will drive China’s appetite for commodities to expand Strong industry further. fundamentals Zinc revenue continues to favour miners. Development ~US$2 billion in projects at existing and new sites pipeline Dugald River plus Izok Lak
Slide 11: Thank you
Thank you LRARAIR A)