SEHK:1208Metals and Mining
Does MMG (SEHK:1208) Rosebery Offtake Deal Reinforce Strategic Discipline or Heighten Governance Questions?
MMG Limited has announced that, on 16 December 2025, its subsidiary entered into the Rosebery Concentrate Sales Agreement to sell 100% of Rosebery’s 2026–2027 production, estimated at 6,000 dry metric tonnes per year, to Minmetals North-Europe, an associate of its controlling shareholder CMC.
The deal, awarded via a competitive tender and priced on terms described as superior to independent bids, secures offtake with a specialist smelter while operating as a connected transaction under Hong...