Murchison Metals

Murchison Metals (MMX)

Stock Code

MMX

Stock Exchange

ax

Murchison Metals (MMX) is a mineral exploration and mining Company with a core focus on iron ore exploration in Western Australia. The Company supplies premium quality iron ore to the global markets. Murchison Metals is a part of the S&P/ASX 200 Index and it listed on the Australian Stock Exchange on 1st April, 2005. MMX has a 50% shareholding in Crosslands Resources Ltd, the owner of the Jack Hills iron ore project, with the rest 50% of Crosslands owned by Mitsubishi Development Pty Ltd. Mitsubishi is a controlled entity of Japan's largest general trading company Mitsubishi Corporation.

Murchison Gets FIRB's Approval


Murchison Metals (MMX) can finally sell its stake on the Oakajee Port and rail project after the Foreign Investment Review Board (FIRB) approved the $325 million deal between the miner and the Japanese company Mitsubishi.

Murchison's Settlement with Chameleon Boosts Shares


Murchison Metals (MMX) are going to have a merry Christmas after all as shares rose by 8.97 per cent to 42.5 cents this morning after settling its legal battle with rival Chameleon Mining (CHM).

Murchison Undergoes a Strategic Review to Fix Fund Shortfall


Newly appointed CEO Greg Martin said that selling assets of Murchison Metals (MMX) is not enough to fix its funding problems.The mining company admitted that it was unable to fund its share of costs in a $10 billion development project, and announced it will review its strategies to find feasible solutions. Martin admitted that a corporate transaction may be the only way, stirring takeover talks in the industry.

Murchison Funding Woes Continue


Murchison Metals (MMX) is struggling to keep its head above water as it admitted to facing grave financial challenges. The junior said it would be unable to bankroll the $5.94 billion Oakajee iron ore port and rail network in Western Australia.

Murchison Faces Funding Hurdles


Murchison Metals (MMX) is facing funding challenges for its share in the Oakajee Port and Rail project. One of its customers, Sinosteel, has placed a $2 billion weld project on hold due to ongoing delays in development.

Murchison Metals Dividends

1 September, 2010 - 13:29

Learn the dividend history for MURCHISON METALS LTD. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive MMX dividends if you own the MURCHISON METALS LTD shares on the ex-dividend date.

The Best 3 Companies of the Week


Paladin Energy, (PDN), a company which is mainly involved in the acquisition and development of uranium projects in Australia and Africa had the best performing stocks of the week in ASX100 with a gain of 10.2 percent or 38 cents closing the week at $4.08.

The ASX200 Losers of the Week


Biota Holdings (BTA), one of the renowned companies in the anti-infective drug manufacturing industry was the worst performer in the ASX200 list for the 15th week. The company had a market capitalisation of $241.9 million and lost 34.5 percent to its stock price and was closed for the week at $1.35. Its stocks were traded at $2.06 during the last week.

The Worst Performers of Week 15


Wotif.com Holdings (WTF), an online travel agency that offers online accommodation booking services to in excess of 45 countries with a primary concentration on Australia and New Zealand was the worst performer in the ASX200 list for the 15th week. The company had a market capitalisation of $1377.0 million and lost 14.6 percent to its stock price and was closed for the week at $6.57. Its stocks were traded at $7.69 during the last week.

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