AT A GLANCE: MMG H1 earnings fall by a third on Las Bambas roadblocks

A summary of Australian-Chinese miner MMG’s production results for the first half year ended June 30, 2019, as well as its full-year production guidance.

In brief MMG’s Ebitda (earnings before interest, taxes, depreciation and amortization) in the first half of 2019 dropped by 34% year on year to $646.7 million, mainly due to lower sales volumes at Peruvian Las Bambas copper mine and lower metals prices. Road blockades at Las Bambas, from early February to mid-April, disrupted logistics and caused a...

Published

Anna Xu

August 22, 2019

09:37 GMT

Shanghai