Author: yinghui

Lithium drives historic financial results for IGO

TIM BOND

Greenbushes lithium

Greenbushes lithium mine.

IGO saw a record $1 billion in revenue for the financial year, generating net profit after tax of $549 million, which acting chief executive officer Matt Dusci called “the strongest set of financial results in IGO’s 21-year history.  

This was underpinned by an enormous $1.987 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA).

The company’s shareholders reaped some of the rewards.

“This has enabled the declaration of a final dividend of $0.44 plus a $0.16 special dividend for FY23 (financial year 2023), bringing total dividends for FY23 to a record $0.74 per share, equivalent to $560 million in dividend payments,” Dusci said.

Lithium production at the company’s Greenbushes mine, which it co-owns with joint venture partner Tianqui Lithium, significantly contributed to the earnings. Greenbushes has the highest ore reserve grade of any hard rock lithium mine globally.

The mine produced roughly 1.49 million tonnes of spodumene at a cost of $244 per tonne in FY23.

“Within our lithium business, excellent production and cost performance at the Greenbushes lithium mine, combined with exceptional realised pricing, drove record earnings and cash dividends of over $1 billion to IGO, via our lithium joint venture,” Dusci said.

“Meanwhile, performance at the Kwinana lithium hydroxide refinery is expected to improve over FY24 as progressive rectifications are made to improve operational performance.”

Lithium hydroxide production at Kwinana was lower than expected in FY23 owing to operational changes.

Nickel also contributed to the company’s success.

“Our nickel business also delivered with our operating assets, Nova and Forrestania, generating aggregate free cash flow of $587 million for the year at an EBITDA margin of 56 per cent.”

镍锂矿商IGO全年税后净利润跃升66%至5.49亿澳元

2023-09-01 11:24:26 (AET) by Edward Zhang   730

镍锂矿商 IGO（ASX：IGO）主营收入录得10.2亿澳元，较22财年增长13%；税后净利润为5.49亿澳元，同比增长66%；基本税后净利润较22财年增长278%至15.3亿澳元。

【澳股资讯平台 – 61 Financial 9月1日讯】镍锂矿商 IGO（ASX：IGO）公布了23财年的业绩报告。

在截至2023年6月30日的十二个月中，IGO主营收入录得10.2亿澳元，较22财年增长13%；税后净利润为5.49亿澳元，同比增长66%；基本税后净利润较22财年增长278%至15.3亿澳元。

IGO全年息税折旧摊销前利润（EBITDA）达到19.9亿澳元，同比增长177%；公司宣布了每股44澳分的全额免税末期股息，加上每股16澳分的特别股息，全年股息为每股74澳分，比22财年增长640%。

公司指出，其创纪录的23财年盈利主要归功于其对锂合资企业天齐锂业澳大利亚有限公司投资的杰出贡献。

在其他强劲的业绩中，经营活动的净现金流入达到14.2亿澳元，比22财年的3.57亿澳元增长299%。基本自由现金流同比增长252%，达到11亿澳元。

公司以强劲的资产负债表结束了本财年，截至6月30日，其现金为7.75亿澳元，同比增长111%。净债务为4.15亿澳元。

IGO代理首席执行官Matt Dusci表示：“在23财年，创纪录的财务业绩清楚地表明了IGO的转型，以及我们在追求与清洁能源金属保持一致的战略方面的成功。在23财年，我们创造了IGO在过去21年历史上最强劲的财务业绩，EBITDA和净利润均创历史新高。”

“在我们的锂业务中，Greenbushes锂矿的出色生产和成本效益，加上卓越的实现定价，通过我们的锂合资企业，为IGO带来了创纪录的收益和超过10亿美元的现金股息。”

公司股价一年走势回顾：

text【更多IGO公告和股价走势请点击IGO个股页面】

LITHIUM JOINT VENTURE

LITHIUM JOINT VENTURE WITH TIANQI LITHIUM CORPORATION

Ownership
IGO 49%

In 2021, Tianqi Lithium Corporation (51%) and IGO Limited (49%) incorporated a new Joint Venture (JV), with a focus on developing and operating world class lithium assets. The JV is currently focused on its lithium assets in Western Australia which comprise of a 51% stake in the Greenbushes Lithium Mine (49% owned by Albermarle Corporation) and 100% ownership of the Kwinana Lithium Hydroxide Refinery.

The JV is global lithium partnership between IGO and Tianqi, a lithium industry leader, and will be the exclusive vehicle for any future lithium related investments outside of China.

GREENBUSHES LITHIUM MINE

IGO/TIANQI JV 51% | ALBERMARLE CORPORATION 49%

Boeing Lands More Jobs And Investment In Victoria

JOSH FARRELL

One of the world’s leading aerospace manufacturers continues to invest, grow and create new skilled jobs in the state, strengthening Victoria’s manufacturing expertise and capabilities.

Minister for Manufacturing Sovereignty Ben Carroll today welcomed Boeing’s growth in Victoria, with the company creating more than 200 new jobs this year alone, an increase of almost 25 per cent and bringing its workforce in the state to more than 1000.

“Boeing’s continued investment in Victoria highlights our status as Australia’s advanced manufacturing capital, with more high-skilled jobs being created in our state,” Carroll said.

These roles are supporting increased production of new commercial planes due to growing demand globally.

Based at Melbourne’s Fishermans Bend, the company has been manufacturing aircraft in the state since 1927.

The company is not only growing its workforce in the state but also encouraging more women into aviation trade roles through its Female Apprenticeship Program to increase gender diversity in traditionally dominated roles.

Boeing’s Victorian presence is one of the company’s largest outside the United States, bringing together a unique combination of research and development, engineering, and advanced manufacturing in the one location. It is where the company has produced components for the 787 Dreamliner for the past decade.

All of Boeing’s commercial airplane components produced in Victoria are exported to the company’s final assembly lines in the United States – either to Seattle, Washington or Charleston, South Carolina.

Boeing Aerostructures Australia Managing Director Mick Sorrenson spoke about why the company has chosen Victoria.

“Boeing’s enduring partnership with Australia is deeply connected to Victoria, having continuously manufactured aircraft components at our Fishermans Bend site since the 1930s,” he said.

Boeing Aerostructures Australia was awarded the Manufacturer of the Year – Large Business at the recent 2023 Victorian Manufacturing Hall of Fame Awards – which is supported by the Andrews Labor Government.

Victoria continues to cement its status as a destination of choice for major global firms with Hanwha, BAE Systems, Leonardo, Lockheed Martin, and Thales all establishing a significant presence here.

Through the Victorian Budget 2023/24, the Victorian Government is backing advanced manufacturers to bolster local capabilities through the $21 million Manufacturing and Industry Sovereignty Fund, as well as investing $4 million to support our defence and space sectors to secure more major contracts.

New Kalgoorlie gold projects secured

ALEXANDRA EASTWOOD

Horizon Minerals and Dundas Minerals have entered into a binding agreement to acquire the Windanya and Baden-Powell/Scotia gold projects in the Kalgoorlie region of WA.

Dundas Minerals has also made an application to acquire three prospecting licenses in its own right, contiguous to Horizon’s Banden Powell/Scotia tenements.

“The option to acquire these advanced stage gold exploration projects in the Kalgoorlie region of Western Australia is an exciting opportunity for Dundas Minerals,” Dundas Minerals managing director Shane Volk said.

“Given the competition for these projects, Dundas is pleased that Horizon viewed us as a worthy partner. We are keen to commence the first phase of exploration in coming weeks.”

The Windanya project is located approximately 50km north of Kalgoorlie, while the Powell/Scotia project is adjacent to the Goldfields Highway, about 60km north of Kalgoorlie.

The projects became available due to Horizon’s focus on advancing its Cannon, Penny’s Find and Rose Hill gold projects towards production.

“Being so near to Kalgoorlie, the Goldfields Highway, and several gold plants, the economics of advancing a gold deposit from within these project areas into production, and generating income for the company are favourable,” Volk said.

Dundas is currently finalising plans for its first phase of exploration at both projects, which will comprise soil and/or auger sampling programs covering multiple targets ranked by prospectivity.

Exploration is expected to commence in early September, and will take up to three weeks to complete.

BHP worker housing approved in Kalgoorlie

KELSIE HARFORD

Kalgoorlie

The City of Kalgoorlie-Boulder.

City of Kalgoorlie-Boulder councillors have voted to lease council land to BHP for temporary worker accommodation, with a total of 1152 new rooms to be built.

Located in Somerville, the three-year lease agreement is touted to bring in $1.3 million a year to the council in rent and rates.

The camp has also been granted three one-year options after the initial leasing period.

BHP will now seek building approval for the camp, which will house workers for the construction of a furnace rebuild for the company’s nickel smelter as part of its Nickel West division.

“This is a big decision for the city, and we want to do what is best for our community long term,” City of Kalgoorlie-Boulder mayor John Bowler said.

“BHP have advised that 60 per cent of its workforce for its Kalgoorlie nickel smelter renewal project would be housed in the temporary village and this would not only ease the burden on residential housing but also have significant benefits for the local economy.”

BHP’s submission was recommended to the council due to the significant financial return it could create in terms of future services for ratepayers.

These funds will be held in city’s future projects reserve for the development of the area as traditional residential housing.

Kalgoorlie-Boulder deputy mayor Glenn Wilson told the ABC the camp is necessary to reduce pressure on the city’s housing market.

“We’ve already got $900-a-week rents in Lamington and that will only increase, putting further strain on family budgets,” he said.

BHP’s WA operations supply nickel to world markets for use in electric vehicle batteries and other growing technologies with an aim to support global decarbonisation.

BHP employs 2500 people across its Nickel West operations, a large portion of which are fly-in, fly-out (FIFO) workers.

Chalice Mining WA

矿业公司Chalice公布Gonneville项目更新 股价两日跌三成

2023-08-31 14:01:05 (AET) by Edward Zhang   968

矿业公司 Chalice Mining（ASX：CHN）公布旗下Gonneville Nickel-Copper-PGE项目概略研究报告后，股价受挫25%。

【澳股资讯平台 – 61 Financial 8月31日讯】矿业公司 Chalice Mining（ASX：CHN）发布公告，提供了旗下Gonneville Nickel-Copper-PGE项目概略研究报告。

根据更新，概略研究概述了Chalice旗下西澳大利亚州项目成为一个新的长寿命、低成本、低碳绿色金属矿山，预计有可能带来强劲的财务回报和区域效益，以及显著的上升空间。

Chalice还概述了一个在世界级司法管辖区可执行的一级规模开发项目。

Chalice董事总经理兼首席执行官Alex Dorsch表示：“概略研究强调了开发现代化，长寿命，西澳大利亚关键金属矿山的绝佳机会，由于其规模，寿命和有价值的绿色金属的组合，它的范围生产，代表了该行业的独特机会。”

公司预计，Gonneville有潜力提供对全球脱碳和城市化至关重要的大量金属。如果不开发这样的新战略项目，预计世界将无法实现依赖于快速部署清洁能源和电气化技术的净零排放目标。

尽管Chalice在钻探方面取得了进展，但该公司预计要到2025年中期才能完成其预可行性研究。

此后，如果一切按计划进行，预计第一批生产将于2029年开始。

受此消息影响，公司股价周三收跌25.2%，位居ASX200指数跌幅榜首位。

text

本周四，Chalice股价盘中再度下跌5%，两日跌幅录得三成。

公司股价一年走势回顾：

text【更多CHN公告和股价走势请点击CHN个股页面】

消息来源：

公司公告Gonneville Nickel-Copper-PGE Project Scoping Study

Schenck Process Mining to become Sandvik

ALEXANDRA EASTWOOD

The next step in the integration of SP Mining (the mining related business of Schenck Process acquired by global, high-tech engineering group Sandvik), will see SP mining entities change their names to reflect the new ownership.

On the October 1, Schenck Process Australia Pty Limited, which became a wholly owned subsidiary of Sandvik in November last year, will become Sandvik Rock Processing Australia Pty Limited. The Australian entity is the largest part of SP Mining’s global business, employing around 450 industry professionals.

Since the acquisition, Sandvik has been focused on bringing together its expertise in crushing with the screening, feeding, weighing and loading know-how of Schenck Process Mining.

According to company president Asia Pacific Terese Withington, this move is part of an integration process which will eventually see SP Mining become a seamless part of the Sandvik organisation.

“In Australia, we are bringing together our sales and back-office teams with those of Sandvik Rock Processing Solutions to allow our customers to access our combined expertise in crushing, screening, feeding, weighing and loading,” Withington said.

“Together we aim to deliver even better digitalisation, sustainability, and productivity solutions to our industry.

“The end goal of our integration is to allow our customers to place combined crushing, screening, feeding, weighing and loading orders with our new legal entity.”

SP Mining president Asia Pacific Terese Withington.

Withington said that the scale of Sandvik’s operations and commercial reach will help to accelerate the combined innovation portfolio of Sandvik Rock Processing Solutions and SP Mining.

“We look forward to continuing to service the business needs of our customers and remain fully focused on the delivery of high-quality equipment, consumables, OEM spare parts and services to help them achieve their business objectives,” she said.

QMines acquires key copper-zinc project

OLIVIA THOMSON

BHP’s Oak Dam exploration program has received environmental approval from the South Australian Government.

QMines has executed a term sheet to acquire a 100 per cent interest in the Develin Creek copper-zinc-silver project from Zenith Minerals for total consideration of $4.5 million in cash and shares.

The acquisition is a two staged transaction with the initial interest of 51 per cent acquired for $1.2 million in cash and $1 million in shares. The additional interest is to be acquired for a further $1.3 million in cash and $1 million in shares within 12 months.

“Since listing in only May 2021, the QMines team has rapidly grown its copper resources at the Mt Chalmers project. We always believed that the Develin Creek asset was very complementary and would provide the scale required to progress the Mt Chalmers project towards sustainable copper production,” QMines managing director Andrew Sparke said.

“We wish to thanks the Zenith board for sharing our vision of a larger, combined copper business and for their patience and assistance with the transaction.

“We would like to welcome Zenith and their shareholders to the register as large owners in our company. We look forward to working closely with you as we test several exciting exploration targets and prepare the company for potential future production.”

Zenith Minerals executive chair David Ledger said that the company’s divestment provides itself with immediate cash and allows for it to maintain a focus on the development of its lithium assets.

“This has been a deliberate reallocation of our resources where we believe we can maximise value for our shareholders. We will continue to review the asset base and monetise projects at the appropriate times,” Ledger said.

The Develin Creek mine is located 80 kilometres north-west of Rockhampton in central Queensland, and is located approximately 90 kilometres west of QMines’ Mt Chalmers copper-gold project.

It is said that Develin Creek has an indicated and inferred resource of 4.9 megatons (Mt) at 1.79 per cent of copper equivalent (CuEq) for 87,173 tonnes of CuEq.

Gold Road breaks records

KELSIE HARFORD

Gold Road Resources has released its half-yearly results, sharing record profits.

Revenue from gold sales for the six months totalled $229 million, up from $196.5 million the previous financial year (FY22).

Gold sales reached 80,115 ounces, outstripping the 79,606 ounces sold in up to June FY22, with production benefiting from record throughput rates for the half year.

“The six months to 30 June 2023 has broken several financial records for Gold Road,” managing director and chief executive officer Duncan Gibbs said.

“The strong result reflects the consistent performance of the processing plant, a supportive Australian dollar gold price and Gold Road’s production being fully unhedged.”

Gold Road’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the six month period totalled $122.6 million, with a margin of 54 per cent.

Operating cash flow for the six months to June 30 was $110.3 million, smashing the $69.5 million of the previous June 30 period in 2022.

The consolidated net profit after tax for the six months was $55.7 million, compared to the June 2022 after tax profit of $39.9 million.

Gold Road ended the half year with cash and short-term deposits of $152.6 million, far above the $74.4 million from FY22.

Additionally, Gold Road’s Gruyere exploration project in WA is on target to achieve the restated 2023 annual guidance of 320,000 to 350,000 ounces of gold.

Gold Road also reported a strong exploration and investment portfolio with strategic listed investments in De Grey Mining and Yandal Resources valued at $416.1 million on 30 June 2023.

Drilling continues at Gold Road’s Mallina and Yamarna projects in WA with on ground activities commenced at the Greenvale project.

The Golden Highway project was also announced to have completed drilling in preparation for feasibility level studies.

Intergenerational report maps out mining’s future

ALEXANDRA EASTWOOD

bhp, wind farm, wind, electricity, green

The Federal Government has released the 2023 Intergenerational Report, showing that Australia’s mining sector is set to benefit from the critical minerals push.

The Intergenerational Report is a “big picture view” of Australia’s economy over the next 40 years, projecting the outlook of the economy and the Australian Government’s budget to 2062-63.

Climate change and the necessity of net-zero emissions was a big focus in the report.

“Australia is in a strong position to benefit with some of the world’s largest reserves of critical minerals such as lithium, cobalt and rare earth elements, which are key inputs to clean energy technologies,” the report said.

“With abundant wind, sun and open spaces Australia also has the potential to generate green energy more cheaply than many countries.”

The report also said that the country’s mining sector is expected to evolve, as the abundance of critical minerals becomes a key player in the world’s shift to net-zero. However, the report also warns that coal demand is set to drop.

“Global demand for Australian thermal coal exports are expected to decline as our trading partners move toward net-zero emissions,” it said.

“However, Australia has some of the world’s largest reserves of critical minerals such as lithium, cobalt and rare earth elements. These, in combination with traditional strengths such as iron and aluminium are some of the essential ingredients in global emissions reduction as inputs for electric vehicles, batteries and renewable energy generation technologies.”

Onetrak opens new Sydney branch

WILLIAM ARNOTT

Onetrak has officially opened its Sydney branch in Moorebank, located 27km from the Sydney business district and nearby the M5 Motorway and M7 interchange.

Onetrak has officially opened its Sydney branch in Moorebank, located 27km from the Sydney business district and nearby the M5 Motorway and M7 interchange.

The new Sydney branch is the eighth Onetrak branch. The company has locations around Australia including Bridgewater in Tasmania’s south, Somerset in Tasmania’s north, Hallam in Victoria, Tumut in New South Wales, Albany in Western Australia, Mt Gambier in South Australia and Caboolture in Queensland.

Onetrak is home to large brands within the earthmoving, forestry, material handling and extractive industries. The business offering includes new and used machine sales, rental equipment, service and parts.

Onetrak’s brand portfolio includes Hidromek, Tigercat, Striker, Anaconda, Dressta, Terex Fuchs, EIW Nirox, Alicon, Timber Max, Veriga and Rotobec nationwide and additionally it has Hyundai in Tasmania only.

The company’s regional manager for QLD and NSW, Brad Madden, will be heading the branch and is looking forward to being a part of Onetrak’s growth in the Sydney area.

“Onetrak have had a presence in Sydney for the last three years gradually stepping into the market as we grew,” he said.

“The time has now come to commit to our own facility, and we are excited and serious about providing service and support for our customers. We are currently running two fully maintained service vehicles, have a sales team and parts support for the area. The move into our new facility at Moorebank provides us with a large yard, plenty of hard stand area, office space to accommodate our team and a large warehouse.

“We will be able to hold more parts to make a quicker turn around for our valued customers along with a large workshop space to better service our customers machinery. I personally am excited about the growth we are seeing in Sydney and am excited to be a part of the Sydney journey.”

Onetrak managing director David Hazell said it was important to establish a presence in Sydney as part of the company’s business plan to become a truly national heavy equipment dealer.

“With the help of our loyal customers and fantastic brands, Onetrak has grown beyond our original expectations, and it was important we established a full-time presence in Sydney to better support our growing client base and key franchises in this important region,” Hazell said.

“We are extremely fortunate to have some of the most talented and dedicated employees in the industry working for Onetrak and it’s the company’s family feel and commitment to providing exceptional customer service that has allowed us to grow and prosper in what is otherwise a saturated and competitive space.

“We really look forward to growing and expanding the business further in conjunction with our people and providing a level of customer service that is recognised with our Onetrak brand”.

The Sydney branch is located at 9 Helles Ave, Moorebank, and can be contacted at 02 8729 8400.