CNMCL had Interim Results Announcement in Hong Kong. Over 50 financial agencies and analysts and 20 presses attended the announcement. According to the interim announcement, CNMCL had a very good performance in the first half of 2012, and profitability also has been enhanced as business grows, therefore, has brought good return to shareholders.
Mr. Luo Tao, President of CNMC and Chairman of CNMCL introduced the business operation and
development of the company in the first half of this year. He emphasized that CNMCL has graded
up to a new stage of development by increasing revenue and net profit. The business scale has
expanded, profitability has been promoted, and output has grown tremendously.
The output of three main products of the company: blister copper, copper cathode and sulfuric acid have increased by 44.1%, 143.1% and 52.2% over the same time of last year. The capacity of the company has been further leveled up and released. The company also speeded up new projects based on existing projects. In the first half of 2012, Congo Huachin Leach Project commenced production, and Muliashi Project commenced trial production which greatly increased capacity of copper cathode. The other projects under construction have also been progressed smoothly. The successful listing of CNMCL on June 29, 2012 in Hong Kong has also connected the company to international capital, and enhanced its competiveness.
....and CNMCL own a Gold Mone...nice!
Chaarat (AIM:CGH) is focused on the development of the Chaarat Gold Project, its principal asset in the Kyrgyz Republic, in three phases reaching production of circa 200,000 ounces of gold annually. ...CNMC (01258) could go t o 100 % on the stock! with AFRICAN Barrick Gold (ABG) and Mundoro and Monnis news and Drill results sounds Good! and 10 million oz at CSH and Jiama may have 5 million oz of gold and 250 million oz of silver coming in there reserve update...with a total area of 2.9km2, and two
exploration licenses totaling 143.3 km2.
and would be welcome News also!