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Additional Information
Market: AIM
Sector: Real Estate
EPIC: PMHL
Latest Price: 81.00p  (0,00%)
52-week High: 135.50p
52-week Low: 79.00p
Market Cap: 116.15M
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Prosperity Minerals
www.pmhl.co.uk

Prosperity is an  iron ore trader serving customers in the People's Republic of China (the 'PRC') and holds investments in entities involved in the manufacture and sale of cement and clinker in the same market.

Prosperity also has a real estate division and has recently entered into a number of conditional agreements designed to build up a portfolio of PRC property and development assets.

Full Prosperity Minerals profile here
Pdf

Prosperity Minerals confirms 6.5 pence dividend payment

4th Sep 2008, 10:40 am Prosperity Minerals confirms 6.5 pence dividend payment

Prosperity Minerals (AIM: PMHL), the cement manufacturing and iron ore trading group operating in the People's Republic of China, announced that it had received approval to pay a cash dividend of approximately 6.52 pence per share.

Prosperity's  story began in 1992 when David Wong, the chairman and chief executive, started up a business trading iron ore.

This now supplies around 3.5 million tonnes a year to companies in China, primarily large steel manufacturers. China is the largest importer of iron ore in the world and currently imports of over 300 million tonnes. This total is expected to grow to over 500 million by 2014.


Prosperity is estimated to make a profit margin in the region of $7 per tonne of iron ore and it's recently been able to reduce its freight costs by sourcing more material from Thailand.

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