HK Stock Market Move | MMG (01208) rose by more than 4%, and its subsidiary mine Las Bambas was approved for renovation by the local environmental regulatory department.

MMG (01208) surged more than 4%, rising to 4.31% at the time of publication, reaching 2.66 Hong Kong dollars with a trading volume of 15.0186 million Hong Kong dollars. On the news front, on November 14th, according to market reports, MMG's mining site Las Bambas in Peru received approval from the environmental regulatory agency Senace. The mining site located at the junction of Cotabambas province's Challhauhaucho, Tambobamba, Coyllurqui will undergo a $6.6 billion upgrade. Of this, $1.753 billion will be used for the construction phase and an additional $4.893 billion will be invested in the operational phase. This will extend the mine's operating life by six years, until 2039.