Prosperity Minerals moves into real estate sector in China
Prosperity sold most of its Chinese cement business in April for £385 million to focus its investment strategy on its iron ore business and seek expansion into new markets in China.
View ArticleDaniel Stewart upgrades Prosperity Minerals after real estate move
Earlier this week, Prosperity Minerals Holdings (AIM:PMHL) announced a new strategic-shift as it unveiled plans to enter the Chinese real estate market. This morning, London-based stockbroker Daniel...
View ArticleProsperity Minerals and Grace Wise raise cap of iron ore off-take deal prior...
Prosperity Minerals Holdings Ltd (LON:PMHL) announced an increase in the cap of the ‘Master Off-take Agreement’ to buy up to US$1bn of iron ore from Grace Wise - an associated company of its...
View ArticleProsperity Minerals revenues hit US$849m in FY09, up 30% year-on-year
In its financial results, Prosperity Minerals (LON:PMHL) reported a 31% increase in revenue to US$849m (FY09: $647.7m) and a 140% rise in pre-tax profit to US$18.5m (FY09: US$7.7m). The newly...
View ArticleProsperity Minerals gets share buy-back underway with transactions worth £1m
Prosperity Minerals Holdings Ltd (LON:PMHL) has been engaged in on-market share buy-backs, purchasing over £1m of its own equity over the past two days. On Tuesday July 20th, the company bought 171,000...
View ArticleProsperity Minerals to pay £70.1m for Guangzhou properties
Former cement operator Prosperity Mineral Holdings (LON:PMHL) has made another step in transforming itself into a Chinese real estate focused company in line with the change in strategy announced in...
View ArticleProsperity Minerals receives final payment from disposal of cement business
Prosperity Minerals (LON:PMHL) has received the final £16.5m (HK$200m) payment from the disposal of it cement businesses to TCC International Limited. Earlier this year, the company sold most of its...
View ArticleProsperity Minerals completes acquisition of 25% stake in Liaoning Changqing...
China-focused iron ore trading business and real estate investor Prosperity Minerals Holdings (LON:PMHL) has received all the necessary approvals for the acquisition of a 25% interest in Liaoning...
View ArticleProsperity Minerals in 1.35m share on-market buy back
Prosperity Minerals (LON:PMHL) has made another significant transaction as part of its ongoing share buy-back programme.Yesterday, the company bought 1.35 million shares on-market for 145.5p per...
View ArticleProsperity Minerals continues buy-backs with on-market deals worth £2.7m
Prosperity Minerals (LON:PMHL) told investors that it continued its share buy-back programme yesterday, with purchases worth over £2.7 million.The company bought a further 1.92 million shares at 145.5...
View ArticleProsperity Minerals: Making a seamless transition from cement to property...
We chart a year of change for Prosperity after selling the bulk of its cement assets. With cash and assets worth far more than the current share price, we ask whether the market has got the sums right.
View ArticleProsperity Minerals says it's performing in line with expectations
Prosperity Minerals Holdings (LON:PMHL) expects its full year performance to be in line with market expectations.In a trading update before entering a close period ahead of November’s interim results,...
View ArticleProsperity Minerals sees more domestic demand coming from China’s new 5 year...
Prosperity Minerals (LON:PMHL) believes that China’s new five year economic plan will lead to expanding domestic demand. The company has a broad range of assets including an iron ore trading business,...
View ArticleProsperity Minerals in Brazil JV to support iron ore expansion
The cash-rich China focused group is taking part in a joint venture to explore and mine an area in the State of Ceará, Brazil. With its iron trading volumes doubling since 2008, Prosperity is on the...
View ArticleProsperity trading arm secures new off-take deal
Prosperity Minerals (LON:PMHL) revealed its trading business has signed an off-take deal with Blackrock Metals of Canada. The agreement starting 2012 secures the supply of 800,000 tonnes of iron ore...
View ArticleProsperity Minerals signs 1Mt iron ore offtake deal
Prosperity Minerals (LON:PMHL) has signed an offtake agreement with Century Holdings, providing it with a new and reliable source of iron ore supply up to 1 million metric tonnes.Century Holdings is a...
View ArticleProsperity Minerals to acquire more Chinese real estate
Prosperity Minerals Holdings (LON:PMHL) has unveiled a new addition to its Chinese real estate business. It has agreed to acquire a 55,589 square metre piece of land in Hangzhou City, the capital of...
View ArticleProsperity Minerals pays deposit on 800,000 tonne iron ore off-take from...
Prosperity Minerals (LON:PMHL) has secured 800,000 tonnes of iron ore, under its off-take agreement with Blackrock Metals of Canada.It initially signed the off-take deal with Blackrock back in January....
View ArticleProsperity shipments fall as it focuses on long-term contracts
Prosperity Minerals (LON:PMHL), the iron ore trading company that has diversified into property development, said today that iron ore shipments fell as it concentrated on landing long-term contracts...
View ArticleProsperity may get US$38 mln as it sets up Grace Wise - Nanjing iron ore deal
Prosperity Minerals Holdings (LON:PMHL) could receive up to US$38 million after it set up an iron ore off-take deal between its associate Grace Wise Ltd and Chinese firm Nanjing Iron and Steel...
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