Fast Facts

Iron Ore Business

In the previous 4 fiscal years ended 31 March, Prosperity's iron ore trading division had shipped the following tonnage:

Fiscal 2006/7: 3.2 million tonnes

Fiscal 2007/8: 3.6 million tonnes

Fiscal 2008/9: 4.4 million tonnes

Fiscal 2009/10: 7.9 million tonnes

Fiscal 2010/11: 6.3 million tonnes

On 29 December 2010, Prosperity completed the acquisition of an effective 35% interest in a joint venture company that is engaged in the exploration and production of iron ore in Brazil.

For more information on the Group's iron ore trading business, please see Iron Ore Business.

Real Estate Investment and Development

On 31 May 2010, Prosperity entered into a joint venture agreement to develop a combined recreational, commercial and residential project in Changzhou City, Fujian Province, in south eastern PRC. On 16 August 2010, the Group completed the purchase of Bliss Hero Investment Group Limited, which holds interests in an existing commercial building and a new commercial and residential development, both located in downtown Guangzhou City, Guangdong Province, southern PRC. On 28 February 2011, the Group acquired the rights for use of land on a site in Hangzhou City, the capital of Zhejiang Province in the eastern PRC.

For more information on the real estate investment and development division, please see Real Estate Investment and Development.

Cement Operations

Prosperity holds a 33.06% interest in ACC, a cement and clinker production facility in Anhui Province, eastern PRC, with a designed sellable production capacity of 5.1 million tonnes per annum.

The Group also holds a 16.11% interest in TCC Liaoyang, formerly Liaoning Changqing, a cement and clinker production facility in Liaoning Province, northern PRC, with a designed sellable production capacity of 2 million tonnes per annum.

For more information on the Group's cement operations, please see Cement Operations.