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cnnc international ltd (2302) Details

CNNC International Limited, an investment holding company, explores and trades mineral properties. It operates through two segments, Trading of Mineral Property, and Exploration and Trading of Mineral Properties. The company holds interests in two uranium projects located in Mongolia and the Republic of Niger. The company was formerly known as United Metals Holdings Limited and changed its name to CNNC International Limited in August 2008. The company is headquartered in Wanchai, Hong Kong. CNNC International Limited is a subsidiary of CNNC Overseas Uranium Holding Limited.

16 Employees
Last Reported Date: 04/21/15

cnnc international ltd (2302) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $790.0K
Compensation as of Fiscal Year 2014.

cnnc international ltd (2302) Key Developments

CNNC International Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2015

CNNC International Limited provided consolidated earnings guidance for the six months ended June 30, 2015. For the period, the Group is expected to record a significant increase in loss for the 2015 half year as compared to the loss recorded for the corresponding period in 2014.

CNNC International Limited Appoints Du Yunbin as Non-Executive Director, the Chairman of the Board and the Nomination Committee, Effective from 1 June, 2015

The board of directors of CNNC International Limited announced that Mr. Du Yunbin has been appointed as a non-executive director, the chairman of the Board and the Nomination Committee of the company. The above appointments will be effective from 1 June, 2015. Mr. Du, aged 50, joined the Department of Mining and Metallurgy of China National Nuclear Corporation as engineer in 1986 and has substantial experience in geology and company management. Mr. Du currently is the director of CNGM, the director of China Nuclear Geology, the general manager of CNUC, and the general manager of CUC.

CNNC Mulls Acquisitions

CNNC International Limited (SEHK:2302) is eyeing acquisition opportunities in Kazakhstan, Canada and Australia. CNNC International chief executive Wang Ying said "For any potentialacquisition, timing is very important. If the acquisition is made too early, one may be stuck with a loss-making project for a while," she said. "If the investment is made too late, the profit upside may be missed … quality reserves, manageable risk and promising return prospects are some of the criteria for investment."

 

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