MMG plans rights issue for debt repayment

The mining company is seeking $520 million from existing shareholders before a chunky portion of its debt matures in June next year.
MMG's Las Bambas copper project in Cotabambas, Peru
MMG's Las Bambas copper project in Cotabambas, Peru
November 02, 2016

Sino-Australian mining company MMG is tapping shareholders for cash with a HK$4 billion ($520 million) rights issue to meet short-term debt obligations while it waits for its biggest acquisition to deliver profits.

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