In today’s briefing:
- (Mostly) Asia-Pac M&A: Santos, Mayne Pharma, Shengjing Bank, Carenet, Austindo Nusantara, Ashimori
- Iron Ore Giants Stay Bullish on India, China Demand Wobbles
- MMG Reports Soaring Output From Peru Copper Mine
(Mostly) Asia-Pac M&A: Santos, Mayne Pharma, Shengjing Bank, Carenet, Austindo Nusantara, Ashimori
- I tally 44 – mostly firm, mostly Asia-Pac – arb transactions currently being discussed and analysed on Smartkarma.
- Three new deal was discussed on Smartkarma this week: Dongfeng (489 HK), Austindo Nusantara Jaya (ANJT IJ), Shengjing Bank (2066 HK), and HD Heavy (329180 KS)/HD Mipo (010620 KS). .
- Key updates/news took place on Santos Ltd (STO AU), Mayne Pharma (MYX AU), PointsBet Holdings (PBH AU), Carenet Inc (2150 JP), and Ashimori Industry (3526 JP).
Iron Ore Giants Stay Bullish on India, China Demand Wobbles
- Iron ore miners lift output guidance, signalling confidence despite China’s property slump and slowing steel demand.
- India emerges as a critical growth driver yet cannot offset China’s structural steel demand weakness.
- Rising supply from Simandou and peers heightens downside risk, keeping the iron ore outlook cautiously bearish.
MMG Reports Soaring Output From Peru Copper Mine
- Chinese miner MMG Ltd. saw a dramatic surge in output at its Las Bambas copper mine in Peru in the first half of this year, helped by its efforts to improve its rocky relationship with locals.
- In the six months through June, the mine produced about 210,000 tons of copper, up 67% year-on-year, with revenue from the project jumping 60% to $2 billion, according to the company’s latest earnings report.
- Las Bambas accounted for nearly three-fourths of MMG’s total first-half revenue, which rose 47% to $2.8 billion.
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