Atlas Iron Limited September 2011

Total Page:16

File Type:pdf, Size:1020Kb

Atlas Iron Limited September 2011 QUARTERLY REPORT ATLAS IRON LIMITED SEPTEMBER 2011 25 October 2011 HIGHLIGHTSFOR THE SEPTEMBER 2011 QUARTER . 1.465 Mt (WMT) shipped during the September 2011 quarter, consistent with the June 2011 quarter. Maiden dividend of 3 cents per share paid post quarter end following maiden annual profit announced during the quarter . Atlas achieved an average price per tonne for its product of ~ USD 152/t CFR (DMT) . Unaudited notional cash operating costs (FOB, excluding royalties) remain consistent with guidance of $42-45/t range for the 2012 financial year . $373 million cash on hand at 30 September 2011. $390 million cash on hand at 21 October 2011 after payment of $26.6 million in dividends post quarter end . Atlas’ successful off-market takeover offer of FerrAus Limited closed on 5 October 2011 with Atlas moving to compulsory acquisition on 6 October 2011 . DSO Resources at the end of the September 2011 quarter stand at 1.035Bt at 56.3%Fe . Atlas is on target to continue to ship at a rate of approximately 1.5Mt in the December 2011 quarter (6Mtpa) . Wodgina expansion commenced and initial payments of $23.1 million made to Global Advanced Metals, as part Wodgina infrastructure access agreement announced in May 2011 . $18.7 million strategic investment in Brazilian iron ore explorer and developer, Centaurus Metals (ASX Code: CTM) completed . Horizon 1 Strategy feasibility studies (inclusive of rail analysis) is expected to completed by 31 March 2012 “This has been a massive period for Atlas. The team have delivered on production targets within cost guidance, announced our first profit, paid a maiden dividend, achieved the takeover of FerrAus, completed 45,000 metres of drilling, advanced delivery of our growth projects and grew DSO resources to over 1 billion tonnes,” commented Atlas Managing Director, David Flanagan. “Shareholders are getting the benefit of a terrific team of people who are all working very hard to build a Great Australian Company.” SEPTEMBER 2011 QUARTERLY REPORT Page 1 of 14 QUARTERLY REPORT ATLAS IRON LIMITED SEPTEMBER 2011 FIGURE1 - Atlas: Pilbara’s Emerging Powerhouse INTRODUCTION Atlas commenced exporting direct shipping grade iron ore from the Pilbara of Western Australia in December 2008. Following the commencement of mining at Wodgina in June 2010, Atlas has now ramped up iron ore exports from 1Mtpa to approximately 6Mtpa. As a consequence, the Company is now generating significant cash flows with further growth to come from the North Pilbara and South East Pilbara projects.The Company is targeting exports at a rate of 12Mtpa during the 2013 financial year and 22Mtpa during the 2015 calendar year. With the completion of the acquisition of FerrAus Limited after the end of the September 2011 quarter, the Company is active in the assessment of its South East Pilbara assets to further expand exports, targeting 46Mtpa. Atlas is working to become a globally significant supplier of steel making raw materials through the discovery and development of relatively low capital cost iron ore projects. With these incremental steps the Company will then develop larger scale, low cost, long life operations. This should deliver significant important strategic options for the Company, further value for shareholders and great outcomes for the communities in which we operate. The people who work in our business continue to deliver outstanding results and their efforts are greatly appreciated. With our people, iron ore deposits, infrastructure assets and growth model, Atlas is well positioned to continue its rapid expansion. SEPTEMBER 2011 QUARTERLY REPORT Page 2 of 14 QUARTERLY REPORT ATLAS IRON LIMITED SEPTEMBER 2011 OPERATIONS MINE PRODUCTION AND SHIPPING Table 1: Production Variance September June Variance Quarter Quarter ‘11 (t) Quarter ‘11 (t) (t) Quarter (%) Ore Tonnes Mined 1,462,187 1,464,502 (2,315) 0% Ore Tonnes Processed 1,416,909 1,467,056 (50,147) -3% Haulage to Port 1,407,784 1,514,822 (107,038) -7% Note 1: See Appendix 1 for detail of mine production at Pardoo and Wodgina Table 2: Inventory Variance Variance September June Quarter Quarter Quarter ‘11 (t) Quarter ‘11 (t) (t) (%) Run of Mine Ore Stocks 339,385 331,948 7,437 +2% Final Product Stocks - Site 100,258 82,654 17,604 +21% Final Product Stocks - Port 33,653 85,029 (51,376) -60% Table 3: Shipping Variance Variance September June Quarter Quarter Quarter ‘11 (t) Quarter ‘11 (t) (t) (%) Ore Tonnes Shipped (Wet) 1,464,653 1,464,823 (170) 0% Ore Tonnes Shipped (Dry) 1,368,619 1,364,771 +3,848 +0.2% Production for the September 2011 quarter has achieved Ore Tonnes Shipped consistent with the June 2011 quarter, and with the positive effect of the now fully commissioned HPGR crusher (rolls secondary crusher) at the Wodgina plant, processed tonnes and hauled tonnes are anticipated to uplift in future quarters. Cash operating costs of production remain stable month on month, and are consistent with guidance of $42-45/t for the 2012 financial year. Atlas remains on target to continue to ship approximately 1.5Mt (wet) of DSO in the December 2011 quarter (consistent with annualised exports of 6Mt). SEPTEMBER 2011 QUARTERLY REPORT Page 3 of 14 QUARTERLY REPORT ATLAS IRON LIMITED SEPTEMBER 2011 MARKETING Iron ore sales for the September 2011 quarter were 1.465 Mt WMT (1.368Mt DMT), unchanged from the June 2011 quarter (1.465 Mt WMT (1.364Mt DMT)). Due to a number of shipments late in September 2011, there was 308,000 tonnes for which cash proceeds were not received at month end, compared to 110,000 tonnes which carried over from the June 2011 quarter. This impacts on net cash generated for the September 2011 quarter, with all funds received post quarter end. Achieved pricing outcomes in the September 2011 quarter were strong and were comparable with the June 2011 quarter. The Australian dollar weakened slightly but continues to impact on net AUD sale proceeds. The Company has two forward exchange contracts outstanding at the date of this report. Each is for USD 14 million and they are due for settlement in November 2011 and December 2011 respectively at rates less than parity. As noted by other iron ore producers and in media coverage, the iron ore market has softened during October 2011 due to reduced Chinese steel demand and uncertainty on Europe’s financial position. This will likely result in lower realised prices in the December 2011 quarter. However, it is expected the iron ore price will stabilise shortly as sale prices near the levels of marginal cost of Chinese iron ore production. PROJECTS Since embarking on its Pilbara Iron Ore development strategy in 2006, Atlas has focussed on building a strong mine project and infrastructure pipeline that provides various development options for the Company. In so doing, Atlas now has many and varied development options in front of it, with the cash flow from existing and future mines to assist in underwriting its development objectives. Furthermore, with many feasibility studies and two mine developments behind it, Atlas now has the track record, skills and experience to optimise these options and continue to deliver on its development strategy. During the September 2011 quarter Atlas spent $18.6 million dollars on project development (excluding the initial payments of $23.1 million made to Global Advanced Metals as part Wodgina infrastructure access agreement announced in May 2011). INTRODUCING ATLAS IRON’S ‘HORIZONS’ GROWTH PROGAM Horizon 1 The ‘Horizon 1’ Growth Program defines Atlas’ near term focus, extending its North Pilbara development model to produce at a rate of 12Mtpa during the course of the 2013 financial year, and then filling Atlas’ 15Mtpa Utah Point allocation (contractually available from September 2015). The ‘Horizon 1’ growth program incorporates and envisages changes to the previous Turner River Hub (TRH) development strategy. Changes in the scope of the original TRH project have arisen as a result of the recent acquisition of Giralia Resources NL, the extension of the Wodgina Mine infrastructure agreements and now the acquisition of FerrAus Limited, each of which provide further opportunity to either rationalise infrastructure or enhance the development of the North Pilbara logistics chain, including consideration for a North Pilbara rail case. SEPTEMBER 2011 QUARTERLY REPORT Page 4 of 14 QUARTERLY REPORT ATLAS IRON LIMITED SEPTEMBER 2011 The ‘Horizon 1’ Growth Program now encompasses several mine and infrastructure developments, including; Expansion of the existing Wodgina DSO Mine, inclusive of a crushing hub for both the Wodgina and soon to be developed Abydos mine, Development of the Mt Dove mine as a standalone DSO project, Development of the Mt Webber mine, inclusive of a crushing hub for both the Mt Webber and potential future McPhee Creek operations early start-up, Development of an off-highway private haul road network to support North Pilbara production, and Further development of Utah Point port facilities to realise Atlas’ ultimate 15Mtpa port allocation. Horizon 1 projects remain Atlas’ highest priority and attract the most management resources to ensure targets are met. Horizon 2 Atlas’ ‘Horizon 2’ Growth Program targets the expansion of the Company’s production base from 15Mtpa targeting up to 46Mtpa, through expansion of its North Pilbara production, development of its South East Pilbara Resources and further expansion of the Company’s logistics chain including port and rail developments. Atlas’ acquisition of FerrAus Limited is consistent with the Company’s efforts to deliver on its ‘Horizon 2’ Growth Program. Furthermore, progress is being made on both port and rail solutions through the Company’s participation in North West Infrastructure and parallel negotiations around the various options for rail solutions. These are ambitious and achievable targets that build directly on the Company’s skill set, infrastructure rights and expanding resource assets.
Recommended publications
  • Atlas Iron Limited 67
    David Flanagan Atlas Iron Limited 67 ASX Small to Mid Caps Conference Hong Kong 2008 Disclaimer This presentation has been prepared by Atlas Iron Limited (“Atlas” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Atlas and of a general nature which may affect the future operating and financial performance of Atlas and the value of an investment in Atlas including and not limited to economic conditions, stock market fluctuations, iron ore demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve and resource estimations, native title and title risks, foreign currency fluctuations, and mining development, construction and commissioning risk. You should not act or refrain from acting in reliance on this presentation material. This overview of Atlas does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.
    [Show full text]
  • 12 December 2010
    14 November 2012 96 Ewing Street, Welshpool WA 6106 PO Box 625 Welshpool DC WA 6986 P: (08) 9351 8488 | F: (08) 9351 8477 | E: [email protected] ____________________________________________________________________________________________________ Notices of Award Atlas Iron – Abydos DSO Project ____________________________________________________________________________________________________ MACA Limited (‘MACA’) (ASX: MLD) is pleased to announce that it has received two Notices of Award from Atlas Iron Limited (‘Atlas’) (ASX: AGO) in relation to its Abydos DSO (Direct Shipping Ore) Hematite Iron Ore project in the Pilbara region of Western Australia. Mining Services MACA will provide civil infrastructure works and open pit mining services including drilling and blasting, and loading and hauling. Mobilisation to site is due to commence later this month with operations to commence in early December 2012. Crushing Services The Crushing services to be carried out by MACA involve crushing and screening of an ‘all in’ product. MACA anticipates crushing will commence in June 2013. The two proposed contracts, in aggregate, are expected to generate revenues of circa $200 million over a period of approximately 36 months commencing December 2012 (Mining) and June 2013 (Crushing). MACA is currently providing mining services and crushing services to Atlas at its Pardoo mine and has also recently mobilised to Atlas’ Mt Dove mine where it is providing similar services. MACA Civil is also in the process of completing civil works at Mt Dove. Operations Director, Geoff Baker said “We are delighted to have been awarded a further two contracts with Atlas, building on the existing relationship with Atlas at its Pardoo and Mt Dove operations. We look forward to continuing to support Atlas with their growth objectives.
    [Show full text]
  • Atlas Iron Limited June 2010
    JUNE 2010 QUARTERLY REPORT 28 JULY 2010 HIGHLIGHTS FOR THE JUNE 2010 QUARTER Mining commences at Wodgina. Atlas is on track to more than quadruple Pilbara iron ore exports to a 6Mtpa rate by December 2010. 173,557 WMT shipped. 322,686 ore tonnes processed. 283,114 ore tonnes mined. Improved costs at Pardoo as production ramps up. Hercules prospect discovered at Wodgina. Maiden Inferred resource on the Wishbone deposit at the Warrawanda Project, south east Pilbara. $63.5 million fund raising completed in May 2010 to fast track ramp up of DSO production to benefit from strong market demand. $155.2 million of cash on hand at 30 June 2010. Subsequent to the end of the quarter: commissioning of the Wodgina crushing and screening facility was completed, with ore production expected to commence in mid- August. JUNE 2010 QUARTERLY REPORT Page 1 of 9 QUARTERLY REPORT ATLAS IRON LIMITED JUNE 2010 OPERATIONS PRODUCTION Table 1: Mine Production 12 June March Variance Variance Months to Quarter Quarter Quarter Quarter June 30 10 (t) 10 (t) (t) (%) (t) Ore Tonnes Mined 283,114 389,703 -106,589 -27% 1,239,813 Ore Tonnes Processed 322,686 335,155 -12,469 -4% 1,258,683 Ore Tonnes Shipped (Dry) 164,706 326,521 -161,815 -50% 1,109,159 Table 2: Inventory June March Variance Variance Quarter 10 (t) Quarter 10 (t) Quarter (t) Quarter (%) Run of Mine Ore Stocks 42,647 71,936 -29,289 -41% Final Product Stocks - Site 34,691 63,782 -29,091 -46% Final Product Stocks - Port 242,152 101,766 140,386 138% Mining during the quarter at Pardoo focussed on pit development and waste mining at the South Limb and Alice East as the site prepares for expanded production leading up to the end of the calendar year.
    [Show full text]
  • The Mineral Industry of Australia in 2008
    2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
    [Show full text]
  • IRON ORE MINING — ATLAS IRON Statement by Minister for Mines and Petroleum MR W.R
    Extract from Hansard [ASSEMBLY — Thursday, 17 October 2013] p5147b-5147b Mr Bill Marmion IRON ORE MINING — ATLAS IRON Statement by Minister for Mines and Petroleum MR W.R. MARMION (Nedlands — Minister for Mines and Petroleum) [9.05 am]: Iron ore is the state’s highest value commodity. In 2012 it accounted for $51 billion, 70 per cent of all mineral and energy sales, and 53 per cent of all sales, indicating how important this commodity is to the state. New and expanded iron ore mines lifted iron ore production quantity by 12 per cent to a record 476 million tonnes last year. I am pleased to see that this sector continues to grow. On Wednesday, 9 October I had the pleasure to open Western Australia’s newest iron ore mine, called Abydos. The Abydos mine site is Atlas Iron’s fourth mine site, located 130 kilometres south east of Port Hedland. Atlas Iron opened its Pardoo mine in 2008, its Wodgina mine in 2010 and the Mt Dove mine in 2011. Production from these mines last year was 6.2 million tonnes of iron ore. The Abydos site was commissioned in July this year and the first iron ore was hauled on 23 August. The resource is 24.8 million tonnes of 57 per cent iron, and should have a mine life of six to 10 years. The Abydos mine will add to production in 2013, with a forecast rate of production of two to three million tonnes per annum. I was also fortunate enough to visit the site of Atlas Iron’s Mt Webber mine, which will become Atlas Iron’s fifth mine when it commences mining next year.
    [Show full text]
  • Comprehensive Strategic Analysis of the Tantalum Industry
    COMPREHENSIVE STRATEGIC ANALYSIS OF THE TANTALUM INDUSTRY by Joel JEANGRAND PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In the Faculty of Business Administration O Joel JEANGRAND 2005 SIMON FRASER UNIVERSITY Summer 2005 All rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means, without permission of the author. APPROVAL Name: Joel Jeangrand Degree: Master of Business Administration Title of Project: Comprehensive Strategic Analysis of the Tantalum Industry Supervisory Committee: Senior Supervisor Mark Selman, Adjunct Professor Second Reader Neil Abramson, Associate Professor Date Approved: DECLARATION OF PARTIAL COPYRIGHT LICENCE The author, whose copyright is declared on the title page of this work, has granted to Simon Fraser University the right to lend this thesis, project or extended essay to users of the Simon Fraser University Library, and to make partial or single copies only for such users or in response to a request from the library of any other university, or other educational institution, on its own behalf or for one of its users. The author has further granted permission to Simon Fraser University to keep or make a digital copy for use in its circulating collection, and, without changing the content, to translate the thesislproject or extended essays, if technically possible, to any medium or format for the purpose of preservation of the digital work. The author has further agreed that permission for multiple copying of this work for scholarly purposes may be granted by either the author or the Dean of Graduate Studies.
    [Show full text]
  • CHAPTER 7 References
    A framework for developing mine-site completion criteria in Western Australia CHAPTER 7 References (1 OF 7) 1 INTRODUCTION 2 THE COMPLETION CRITERIA FRAMEWORK BACKGROUND, PRINCIPLES AND CONTEXT FOR 3 RISK-BASED COMPLETION CRITERIA AND MONITORING 4 STAKEHOLDER INTERVIEWS AND INDUSTRY SURVEY 5 CASE STUDIES 6 SUMMARY, LIMITATIONS AND RECOMMENDATIONS , To view full report: Click here 7 CHAPTER 7 References AANDC (Aboriginal Affairs and Northern Development Canada) (2013) Guidelines for the closure and reclamation of advanced mineral exploration and mine sites in the Northwest Territories. Aboriginal Affairs and Northern Development, Yellowknife, Canada. URL:https://mvlwb.com/sites/default/files/ documents/wg/WLWB_5363_Guidelines_Closure_Reclamation_WR.pdf ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences) (2016) The Australian Land Use and Management Classification Version .8 Australian Bureau of Agricultural and Resource Economics and Sciences, Canberra, Australia. URL: http://www.agriculture.gov.au/abares/aclump/land- use/alum-classification Alcoa (2015) Completion criteria and overview of area certification process. Prepared for the Western Australian Department of Jobs, Tourism, Science and Innovation, Perth, Western Australia. URL: https://www.jtsi.wa.gov.au/docs/default-source/default-document-library/alcoa’s-bauxite-mine- rehabilitation-program---completion-criteria-and-overview-of-area-certification-process---october-2015. pdf?sfvrsn=1fa26f1c_4 Alcoa (2018a) Huntly Bauxite Mine [Factsheet]. Alcoa of Australia. URL: https://www.alcoa.com/australia/ en/pdf/mining-huntly-fact-sheet.pdf Alcoa (2018b) Willowdale Bauxite Mine [Factsheet]. Alcoa of Australia. URL: https://www.alcoa.com/ australia/en/pdf/mining-willowdale-fact-sheet.pdf Alcoa (2018c) Alcoa Mineral Lease Map. Alcoa of Australia. URL: https://www.alcoa.com/australia/en/pdf/ WA-Mineral-Lease-Map-ML1SA-Overview.pdf Alcoa (2018d) Australian awards.
    [Show full text]
  • The Pardoo Mine: Closure Planning, Implementation and Five Years of Performance Monitoring Data
    Mine Closure 2019 - AB Fourie & M Tibbett (eds) © 2019 Australian Centre for Geomechanics, Perth, ISBN 978-0-9876389-3-9 doi:10.36487/ACG_rep/1915_38_Gregory The Pardoo mine: closure planning, implementation and five years of performance monitoring data S Gregory Mine Earth Pty Ltd, Australia S Mackenzie Mine Earth Pty Ltd, Australia B Bow Atlas Iron Pty Ltd, Australia Abstract The Pardoo mine, located in the Pilbara region of Western Australia, is owned by Atlas Iron Pty Ltd. Mining commenced in October 2008 and reserves were depleted in 2013. The Project consisted of 11 open pits, six waste rock landforms and mining infrastructure. This paper describes the risks to closure that were identified for the Project and the investigations and stakeholder engagement that Atlas undertook to mitigate these risks. The closure works that were undertaken and the results of five years of performance monitoring data, along with a comparison of rehabilitation performance against agreed closure criteria are also described. This represents the halfway mark of the planned 10-year monitoring period. Detailed closure planning commenced in 2010 and was initiated using a risk assessment workshop to identify all closure risks. The highest risk events for closure of the Project included; a poor revegetation outcome, and failure of engineered structures. To mitigate these risks, and others, Atlas undertook a series of targeted closure investigations to ensure that knowledge gaps were filled, and appropriate control mechanisms were implemented. This work facilitated the development of the detailed mine closure plan (MCP), which was submitted and approved in 2013. Closure works were implemented according to the MCP between late 2013 and early 2014.
    [Show full text]
  • Ravensthorpe Nickel BHP Billiton Project Opens on South Coast Resources Education Partnerships Formed for Industry's Future
    WESTERN AUSTRALIA’S INTERNATIONAL RESOURCES DEVELOPMENT MAGAZINE June - August 2008 $3 (inc GST) Ravensthorpe Nickel BHP Billiton project opens on south coast Print post approved PP 665002/00062 approved Print post Resources education Partnerships formed for industry’s future DEPARTMENT OF INDUSTRY AND RESOURCES Investment Services 1 Adelaide Terrace East Perth, Western Australia 6004 Tel: +61 8 9222 3333 • Fax: +61 8 9222 3862 Email: [email protected] www.doir.wa.gov.au INTERNATIONAL OFFICES Europe European Office • 5th floor, Australia Centre Corner of Strand and Melbourne Place London WC2B 4LG • UNITED KINGDOM Tel: +44 20 7240 2881 • Fax: +44 20 7240 6637 Email: [email protected] India — Mumbai Western Australian Trade Office 93 Jolly Maker Chambers No 2 9th floor, Nariman Point • Mumbai 400 021 • INDIA Tel: +91 22 6630 3973 • Fax: +91 22 6630 3977 Email: [email protected] India — Chennai Western Australian Trade Office - Advisory Office 1 Doshi Regency • 876 Poonamallee High Road Kilpauk • Chennai 600 084 • INDIA Tel: +91 44 2640 0407 • Fax: +91 44 2643 0064 Email: [email protected] Indonesia — Jakarta Facing up to the challenges Western Australia Trade Office Wisma Budi Building Floor 5 Suite 504 JI H R Rasuna Said Kav C-6 Kuningan, Jakarta 12940 • INDONESIA Tel: +62 21 5290 2860 • Fax: +62 21 5296 2722 It seems strange to talk of the challenges facing the Western Australian Email: [email protected] resources industry when the sales value of minerals and petroleum from the Japan — Tokyo Government of Western Australia, Tokyo Office State jumped 7 per cent last year to A$53.1 billion, and spending on exploration 13th floor, Fukoku Seimei Building for new resources was a record at more than A$3 billion.
    [Show full text]
  • Prosperity Through
    ■ FOR THE RECORD | CHANGE IN DIRECTORS' INTERESTS INCREASE HOLDER OR DATE NUMBER PRICE TOTAL CURRENT VALUE TOTAL COMPANY INTERESTED PARTY ACQUIRED PER SHARE ($) COST ($) SECURITIES PER SHARE ($)* VALUE ($)* Seven West Media Ltd Kerry Stokes 03-Apr-12 11,237,649 3.550 39,893,654 221,204,280 3.980 880,393,034 I Cedar Woods Properties Ltd William Hames 02-May-12 225,435 3.450 777,751 9,310,321 3.690 34,355,084 H&I Norseman Gold plc David Steinepreis 03-May-12 6,666,666 0.060 400,000 10,167,185 0.061 620,198 J Equatorial Resources Ltd John Welborn 02-May-12 1,000,000 0.250 250,000 3,000,000 2.740 8,220,000 C Norseman Gold plc Gary Steinepreis 03-May-12 2,500,000 0.060 150,000 7,530,000 0.061 459,330 J Seven West Media Ltd Bruce McWilliam 27-Apr-12 40,000 2.970 118,800 389,252 2.880 1,121,046 A Cedar Woods Properties Ltd Paul Sadleir 02-May-12 29,746 3.450 102,624 962,676 3.690 3,552,274 H Equatorial Resources Ltd Mark Pearce 02-May-12 300,000 0.250 75,000 1,050,000 2.740 2,877,000 C Seven West Media Ltd Ryan Stokes 27-Apr-12 25,000 3.000 75,000 81,330 2.880 234,230 A Aphrodite Gold Ltd Wayne Ryder 03-May-12 1,387,500 0.053 73,538 4,162,500 0.057 237,263 D Cedar Woods Properties Ltd Robert Brown 02-May-12 15,448 3.450 53,296 9,668,866 3.690 35,678,116 I Seven West Media Ltd Don Voelte 03-May-12 15,000 3.050 45,750 39,212 2.990 117,244 A Stonehenge Metals Ltd Bevan Tarratt 30-Apr-12 1,187,493 0.030 35,625 10,814,133 0.031 335,238 D Aphrodite Gold Ltd Warren Staude 03-May-12 665,521 0.053 35,273 2,046,563 0.057 116,654 D XRF Scientifi c Ltd David
    [Show full text]
  • Mine Infrastructure
    Mine Infrastructure Capability Statement Mine Infrastructure Project Delivery Engenium has a strong history in mine infrastructure • Communication systems for remote sites projects in Australia and internationally. We have built • Roads, bulk earthworks and drainage a strong reputation in the industry having undertaken • Concrete and steel structures projects globally for blue-chip miners, government • Airstrips organisations and emerging resource companies. • Administration offices and EPCM offices Engenium manages mine infrastructure projects • Workshops and warehouses from the Strategic level and Feasibility Study stage • Ammonia nitrate facilities right through to Detailed Design, Documentation, • Fuel storage and distribution facilities Construction Management, Commissioning and • Security offices and site access systems Handover. • Security fencing and guard house. Our understanding of mine operations and cost structures enables us to deliver solutions that not only Our Clients have come to depend on us to successfully reduce capital costs, but also ongoing operations and manage all aspects of mine infrastructure Project maintenance. Delivery and the value we bring in: With strong capability in Engineering and Project • Project Execution Strategy and Management Management for mine infrastructure projects, Engenium • Scope, Budget and Schedule Management has a track record in: • Contracting and Procurement Strategy and Management • Construction camp and village facilities (remote • Engineering and Design Management accommodation) • Value Engineering • Remote borefields and reinjection borefields • Interface Management, Coordination and • Portable water pumping and distribution Communications • Process/raw water pumping and distribution • Project Controls and Reporting • Waste water treatment and management • Risk Management • Fire protection systems and fire water • Estimating and Planning Management • Power generation, transmission and distribution • Construction Management • Lighting and public space design • Health, Safety and Environmental Compliance.
    [Show full text]
  • Mineral Resources Limited Annual Report 2019
    MINERAL RESOURCES LIMITED 2020 ANNUAL REPORT | ABN 33 118 549 910 MINERAL RESOURCES LIMITED 2020 ANNUAL REPORT COVID-19 THIS YEAR IS DEDICATED TO OUR PEOPLE. TEAMWORK NEVER MATTERED MORE. Mineral Resources has a proud history of innovating and adapting to the changing environment in which we live and operate. But no one could have predicted that the outbreak of a bug named COVID-19, a long way away from Western Australia, would threaten to stop the world – including the world MRL operates in. It was clear to the MRL leadership team that this dangerous and insidious virus would become a global issue – and that we needed to do everything possible to minimise the impact on our people and, therefore, our business. From the very beginning, our guiding principle that would drive our actions – and continues to drive everything we do – was to keep all our people in their jobs. We needed to make sure that everyone kept collecting their normal pay to enable them to support their family with certainty and have the knowledge their home was safe and secure. Everything else to us was secondary. With a global issue like the coronavirus pandemic, there was always going to be a limit to the steps we could take and the actions we could control. The success of MRL’s response to the coronavirus pandemic has been extraordinary and is the result of the discipline displayed by each and every member of the MRL family. What we have done has not been easy. But every action taken was with a single goal in mind – to keep every MRL person employed.
    [Show full text]