Proactiveinvestors United Kingdom Prosperity Minerals articles

Prosperity Minerals shares advance as it agrees sale of iron trading business

Mon, 05 Sep 2011 13:01:00 +0100

In a stock exchange statement Prosperity said that the operating environment for the iron ore business has changed significantly and it has decided to sell the division. It subsequently plans to return US$60 million to investors and focus its attention on the Chinese real estate business.

Prosperity Minerals: Misunderstood and trading at a major discount to its net asset value

Fri, 29 Jul 2011 10:06:00 +0100

We take a closer look at Prosperity Minerals and find there is more to this Chinese invesment than meets the eye.

Prosperity Minerals in Brazil JV to support iron ore expansion

Thu, 09 Dec 2010 10:05:00 +0000

The cash-rich China focused group is taking part in a joint venture to explore and mine an area in the State of Ceará, Brazil. With its iron trading volumes doubling since 2008, Prosperity is on the look out for new competitively priced iron ore supplies.

Prosperity Minerals: Making a seamless transition from cement to property development

Thu, 07 Oct 2010 08:14:00 +0100

We chart a year of change for Prosperity after selling the bulk of its cement assets. With cash and assets worth far more than the current share price, we ask whether the market has got the sums right.

Prosperity Minerals moves into real estate sector in China

Tue, 01 Jun 2010 10:42:00 +0100

Prosperity sold most of its Chinese cement business in April for £385 million to focus its investment strategy on its iron ore business and seek expansion into new markets in China.

Prosperity Minerals agrees to sell cement business for £300 million, retains iron ore business and equity stake in Anhui Chaodong Cement

Mon, 21 Dec 2009 09:07:00 +0000

Following the completion of the transaction, which is now subject to approval from Prosperity’s shareholders, the company will increase its cash position by £300 million and will have no significant debt.

Prosperity Minerals enters MOU to sell subsidiary for £312 million

Mon, 30 Nov 2009 12:33:00 +0000

Shares in Prosperity Minerals reacted positively to the news, jumping 17% within minutes of the announcement, and are currently trading 37% higher.

Prosperity Minerals cement operations should benefit from China’s continued growth

Sat, 13 Jun 2009 07:28:00 +0100

The company specialises in two lines of business, production and sale of cement, as well as trading of iron ore, all within The People’s Republic.

Prosperity Minerals is Cementing Profits in China

Tue, 03 Jun 2008 00:00:00 +0100

Many Chinese businesses listed in the UK are promising jam tomorrow. One exception though is Prosperity Minerals Holdings, which is already highly profitable.