Description
Prosperity is a cement manufacturer and iron ore trading group serving customers in the People's Republic of China (the 'PRC').
Share Price
In-depth Prosperity Minerals Holdings Limited Proactive Investors Articles
Recent Prosperity Minerals Holdings Limited news
- 11/12/2008 Prosperity Minerals CEO buys 500,000 more shares
- 04/12/2008 Prosperity Minerals CEO raises stake to 38.5%
- 03/12/2008 Prosperity Minerals Sees Demand Slowdown In Current Financial Year
- 20/10/2008 Prosperity Minerals warns on softening Chinese economy
- 04/09/2008 Prosperity Minerals confirms 6.5 pence dividend payment
Presentations & Company Media
No Documents available.
Related Research & Media
No Documents available.
Company Statement:
Prosperity’s main objective is not only to expand capacity but also to maintain its status as one of the most profitable cement manufacturers in China. For this reason, Prosperity strategically positions its new projects near the capital cities of the respective provinces where the highest growth potential exists. All of the Company’s cement projects are carefully selected by management according to a substantial list of requirements and due to management’s extensive experience and expertise, Prosperity has been able to complete these deals at a very attractive EV per tonne acquisition and investment cost.
Current Operations:
Prosperity is expanding the gross tonnage¹ of cement and clinker production under its control or influence from the current 21 million tonnes pa to 31 million tones pa by the end of 2010.
(Gross tonnage: designed saleable capacity, including the equity interests of partners). This growth will come from expansion projects at 2 of its existing cement plants and 3 greenfield projects.
Prosperity has successfully diversified its iron ore supply from the traditional long distance suppliers in Brazil and South Africa to include shorter distance suppliers in South-East Asia, thereby limiting the cost to the consumer and increasing profit margins in the current tight market.
Management
David Ben Koon WONG
Executive Director & CEO
Patrick Siu Ming LI
Executive Director & CFO
Jing Pian WU
Executive Director & President of YDM Cement Plant
Johannes Petrus MULDER
Executive Director
Likang WU
General Manager of Cement Manufacturing Business
Selina Yuen Yee SO
General Manager of Iron Ore Trading Business
Siu Wai TAM
Deputy General Manager of Iron Ore Trading Business
Kenneth Hung Yuen YEUNG
Group Financial Controller
Major Shareholders
No info available.
Contact Information
Prosperity Minerals Holdings Ltd
Patrick Li pl@materialsgroup.com.hk
Sandy Chim sandy@chim.ca
Neelke Kruger neelke@materialsgroup.com.hk
FINANCIAL PUBLIC RELATIONS:
Citigate Dewe Rogerson +44 (0) 20 7638 9571
Media enquiries: Martin Jackson
Analyst enquiries: Emma Woollaston
Corporate Information
NOMINATED ADVISOR AND BROKER:
Evolution Securities Limited +44 (0) 20 7071 4300
Robert Collins
Tim Redfern