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china polymetallic mining lt (2133) Details

China Polymetallic Mining Limited, an investment holding company, engages in the exploration, mining, and preliminary processing of non-ferrous metal mineral resources in the People’s Republic of China. It explores for lead, zinc, and silver deposits. The company also sells lead-silver concentrates and zinc-silver concentrates. It owns and operates Shizishan Mine, a lead-zinc-silver underground polymetallic mine located in the Yingjiang County of Yunnan Province; and Dakuangshan Mine, a lead-zinc-silver polymetallic mine covering approximately 1.56 square kilometers in Mang City, Yunnan Province. The company also owns Liziping Mine, a lead-zinc-silver mine located in the Lanping County of Yunnan province; and the Menghu Mine, a lead-zinc polymetallic mine covering an area of 0.4 square kilometers located in Meng La County. China Polymetallic Mining Limited was founded in 2009 and is headquartered in Mang, the People’s Republic of China.

177 Employees
Last Reported Date: 03/14/16
Founded in 2009

china polymetallic mining lt (2133) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: CNY381.0K
Executive Director, Chairman of Safety, Healt...
Total Annual Compensation: CNY693.0K
Compensation as of Fiscal Year 2015.

china polymetallic mining lt (2133) Key Developments

China Polymetallic Mining Limited Declares Interim Dividend for the Six Months Ended 30 June 2016

China Polymetallic Mining Limited at its Annual General Meeting held on 30 June 2016, declared and pay an interim dividend for the six months ended 30 June 2016 out of the company's share premium account to shareholders of the company during the period from the passing of this resolution until 31 December 2016 if and when the Board considers appropriate, subject to a maximum amount equivalent to 20% of the distributable profits of the first half of the financial year ending 31 December 2016 and the applicable provisions of the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands.

China Polymetallic Mining Limited Announces Change of Principal Place of Business in Hong Kong

The board of directors of China Polymetallic Mining Limited announced that the company's principal place of business in Hong Kong has been changed to Room 2509, 25/F, Tower One Lippo Centre, No. 89 Queensway, Hong Kong with effect from June 30, 2016.

China Polymetallic Mining Limited Provides Earnings Guidance for the Six Months Ending 30 June 2016

The board of directors of China Polymetallic Mining Limited announced that, based on the company's preliminary assessment of the latest unaudited consolidated management accounts of the Group, it is expected that the Group's losses attributable to the owners of the company for the six months ending 30 June 2016 will increase as compared to the corresponding period of 2015. Such anticipated losses are mainly attributable to: a significant decline in production volume as compared to corresponding period of 2015 as it has been very difficult to resume production at Shizishan Mine due to the continual impact of downhole water flowing and fragmentation of wall rocks near the mine; and a decrease in the market prices of the Company's products as compared to corresponding period of 2015 as a result of the general weakness in the metal markets.

 

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