{"id":8413,"date":"2023-09-01T09:57:31","date_gmt":"2023-08-31T23:57:31","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8413"},"modified":"2023-09-02T09:59:55","modified_gmt":"2023-09-01T23:59:55","slug":"lithium-drives-historic-financial-results-for-igo","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/09\/01\/lithium-drives-historic-financial-results-for-igo\/","title":{"rendered":"Lithium drives historic financial results for IGO"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"TIM BOND<\/a><\/p>\n\n\n\n

\"Greenbushes<\/figure>\n\n\n\n

Greenbushes lithium mine.<\/p>\n\n\n\n

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 \u201cthe strongest set of financial results in IGO\u2019s 21-year history.  <\/em><\/p>\n\n\n\n

This was underpinned by an enormous $1.987 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA).<\/p>\n\n\n\n

The company<\/a>\u2019s shareholders reaped some of the rewards.<\/p>\n\n\n\n

\u201cThis 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,\u201d Dusci said.<\/a><\/p>\n\n\n\n

Lithium production at the company\u2019s Greenbushes mine, which it co-owns with joint venture partner Tianqui Lithium<\/strong>, significantly contributed to the earnings. Greenbushes has the highest ore reserve grade<\/a> of any hard rock lithium mine globally.<\/p>\n\n\n\n

The mine produced roughly 1.49 million tonnes of spodumene at a cost of $244 per tonne in FY23.<\/p>\n\n\n\n

\u201cWithin 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,\u201d Dusci said.<\/p>\n\n\n\n

\u201cMeanwhile, performance at the Kwinana lithium hydroxide refinery is expected to improve over FY24 as progressive rectifications are made to improve operational performance.\u201d<\/p>\n\n\n\n

Lithium hydroxide production at Kwinana was lower than expected in FY23 owing to operational changes.<\/p>\n\n\n\n

Nickel also contributed to the company\u2019s success.<\/p>\n\n\n\n

\u201cOur 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.\u201d<\/p>\n\n\n\n

\u954d\u9502\u77ff\u5546IGO\u5168\u5e74\u7a0e\u540e\u51c0\u5229\u6da6\u8dc3\u534766%\u81f35.49\u4ebf\u6fb3\u5143<\/h1>\n\n\n\n

2023-09-01 11:24:26 (AET) by Edward Zhang   730
<\/p>\n\n\n\n

\n

\u954d\u9502\u77ff\u5546 IGO\uff08ASX\uff1aIGO\uff09\u4e3b\u8425\u6536\u5165\u5f55\u5f9710.2\u4ebf\u6fb3\u5143\uff0c\u8f8322\u8d22\u5e74\u589e\u957f13%\uff1b\u7a0e\u540e\u51c0\u5229\u6da6\u4e3a5.49\u4ebf\u6fb3\u5143\uff0c\u540c\u6bd4\u589e\u957f66%\uff1b\u57fa\u672c\u7a0e\u540e\u51c0\u5229\u6da6\u8f8322\u8d22\u5e74\u589e\u957f278%\u81f315.3\u4ebf\u6fb3\u5143\u3002<\/p>\n<\/blockquote>\n\n\n\n

\u3010\u6fb3\u80a1\u8d44\u8baf\u5e73\u53f0 – 61 Financial 9\u67081\u65e5\u8baf<\/strong>\u3011\u954d\u9502\u77ff\u5546 IGO\uff08ASX\uff1aIGO\uff09<\/a>\u516c\u5e03\u4e8623\u8d22\u5e74\u7684\u4e1a\u7ee9\u62a5\u544a\u3002<\/p>\n\n\n\n

\u5728\u622a\u81f32023\u5e746\u670830\u65e5\u7684\u5341\u4e8c\u4e2a\u6708\u4e2d\uff0cIGO\u4e3b\u8425\u6536\u5165\u5f55\u5f9710.2\u4ebf\u6fb3\u5143\uff0c\u8f8322\u8d22\u5e74\u589e\u957f13%\uff1b\u7a0e\u540e\u51c0\u5229\u6da6\u4e3a5.49\u4ebf\u6fb3\u5143\uff0c\u540c\u6bd4\u589e\u957f66%\uff1b\u57fa\u672c\u7a0e\u540e\u51c0\u5229\u6da6\u8f8322\u8d22\u5e74\u589e\u957f278%\u81f315.3\u4ebf\u6fb3\u5143\u3002<\/p>\n\n\n\n

IGO\u5168\u5e74\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u8fbe\u523019.9\u4ebf\u6fb3\u5143\uff0c\u540c\u6bd4\u589e\u957f177%\uff1b\u516c\u53f8\u5ba3\u5e03\u4e86\u6bcf\u80a144\u6fb3\u5206\u7684\u5168\u989d\u514d\u7a0e\u672b\u671f\u80a1\u606f\uff0c\u52a0\u4e0a\u6bcf\u80a116\u6fb3\u5206\u7684\u7279\u522b\u80a1\u606f\uff0c\u5168\u5e74\u80a1\u606f\u4e3a\u6bcf\u80a174\u6fb3\u5206\uff0c\u6bd422\u8d22\u5e74\u589e\u957f640%\u3002<\/p>\n\n\n\n

\u516c\u53f8\u6307\u51fa\uff0c\u5176\u521b\u7eaa\u5f55\u768423\u8d22\u5e74\u76c8\u5229\u4e3b\u8981\u5f52\u529f\u4e8e\u5176\u5bf9\u9502\u5408\u8d44\u4f01\u4e1a\u5929\u9f50\u9502\u4e1a\u6fb3\u5927\u5229\u4e9a\u6709\u9650\u516c\u53f8\u6295\u8d44\u7684\u6770\u51fa\u8d21\u732e\u3002<\/strong><\/p>\n\n\n\n

\u5728\u5176\u4ed6\u5f3a\u52b2\u7684\u4e1a\u7ee9\u4e2d\uff0c\u7ecf\u8425\u6d3b\u52a8\u7684\u51c0\u73b0\u91d1\u6d41\u5165\u8fbe\u523014.2\u4ebf\u6fb3\u5143\uff0c\u6bd422\u8d22\u5e74\u76843.57\u4ebf\u6fb3\u5143\u589e\u957f299%\u3002\u57fa\u672c\u81ea\u7531\u73b0\u91d1\u6d41\u540c\u6bd4\u589e\u957f252%\uff0c\u8fbe\u523011\u4ebf\u6fb3\u5143\u3002<\/p>\n\n\n\n

\u516c\u53f8\u4ee5\u5f3a\u52b2\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u7ed3\u675f\u4e86\u672c\u8d22\u5e74\uff0c\u622a\u81f36\u670830\u65e5\uff0c\u5176\u73b0\u91d1\u4e3a7.75\u4ebf\u6fb3\u5143\uff0c\u540c\u6bd4\u589e\u957f111%\u3002\u51c0\u503a\u52a1\u4e3a4.15\u4ebf\u6fb3\u5143\u3002<\/p>\n\n\n\n

IGO\u4ee3\u7406\u9996\u5e2d\u6267\u884c\u5b98Matt Dusci\u8868\u793a\uff1a\u201c\u572823\u8d22\u5e74\uff0c\u521b\u7eaa\u5f55\u7684\u8d22\u52a1\u4e1a\u7ee9\u6e05\u695a\u5730\u8868\u660e\u4e86IGO\u7684\u8f6c\u578b\uff0c\u4ee5\u53ca\u6211\u4eec\u5728\u8ffd\u6c42\u4e0e\u6e05\u6d01\u80fd\u6e90\u91d1\u5c5e\u4fdd\u6301\u4e00\u81f4\u7684\u6218\u7565\u65b9\u9762\u7684\u6210\u529f\u3002\u572823\u8d22\u5e74\uff0c\u6211\u4eec\u521b\u9020\u4e86IGO\u5728\u8fc7\u53bb21\u5e74\u5386\u53f2\u4e0a\u6700\u5f3a\u52b2\u7684\u8d22\u52a1\u4e1a\u7ee9\uff0cEBITDA\u548c\u51c0\u5229\u6da6\u5747\u521b\u5386\u53f2\u65b0\u9ad8\u3002\u201d<\/em><\/p>\n\n\n\n

\u201c\u5728\u6211\u4eec\u7684\u9502\u4e1a\u52a1\u4e2d\uff0cGreenbushes\u9502\u77ff\u7684\u51fa\u8272\u751f\u4ea7\u548c\u6210\u672c\u6548\u76ca\uff0c\u52a0\u4e0a\u5353\u8d8a\u7684\u5b9e\u73b0\u5b9a\u4ef7\uff0c\u901a\u8fc7\u6211\u4eec\u7684\u9502\u5408\u8d44\u4f01\u4e1a\uff0c\u4e3aIGO\u5e26\u6765\u4e86\u521b\u7eaa\u5f55\u7684\u6536\u76ca\u548c\u8d85\u8fc710\u4ebf\u7f8e\u5143\u7684\u73b0\u91d1\u80a1\u606f\u3002\u201d<\/em><\/p>\n\n\n\n

\u516c\u53f8\u80a1\u4ef7\u4e00\u5e74\u8d70\u52bf\u56de\u987e\uff1a<\/p>\n\n\n\n

\"text\"\u3010\u66f4\u591aIGO\u516c\u544a\u548c\u80a1\u4ef7\u8d70\u52bf\u8bf7\u70b9\u51fbIGO\u4e2a\u80a1\u9875\u9762<\/a>\u3011<\/p>\n\n\n\n

LITHIUM JOINT VENTURE<\/h1>\n\n\n\n

LITHIUM JOINT VENTURE WITH TIANQI LITHIUM CORPORATION<\/strong><\/p>\n\n\n\n

Ownership<\/strong>
IGO 49%<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

GREENBUSHES LITHIUM MINE<\/h3>\n\n\n\n

IGO\/TIANQI JV 51% | ALBERMARLE CORPORATION 49%<\/h3>\n","protected":false},"excerpt":{"rendered":"

TIM BOND 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 \u201cthe strongest set of financial results in IGO\u2019s 21-year history.   This was underpinned by an enormous $1.987 billion in earnings before … Continue reading “Lithium drives historic financial results for IGO”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-8413","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2bH","jetpack-related-posts":[{"id":8526,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/01\/31\/cosmos-nickel-mine-to-close\/","url_meta":{"origin":8413,"position":0},"title":"Cosmos nickel mine to close","author":"yinghui","date":"January 31, 2024","format":false,"excerpt":"ALEXANDRA EASTWOOD Cosmos open-pit. Image: Western Areas After conducting a review into its Cosmos nickel mine in WA, IGO has made the decision to transition the site into care and maintenance. The closure is expected to be concluded by the end of May this year, with IGO assessing the value\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8616,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/06\/14\/greenbushes-bolstered-by-increased-investment\/","url_meta":{"origin":8413,"position":1},"title":"Greenbushes bolstered by increased investment","author":"yinghui","date":"June 14, 2024","format":false,"excerpt":"OLIVIA THOMSON The Greenbushes lithium mine in WA. Image: Talison Lithium. An upsizing of the Greenbushes lithium mine\u2019s revolving syndicated loan facility (SLF) has been approved by Windfield Holdings. Greenbushes is known as the world\u2019s largest hard-rock lithium mine and is located approximately 250km south of Perth in Western Australia.\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/04\/Talison-Lithium-Chemical-Grade-Plant-2-1024x683.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/04\/Talison-Lithium-Chemical-Grade-Plant-2-1024x683.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/04\/Talison-Lithium-Chemical-Grade-Plant-2-1024x683.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/04\/Talison-Lithium-Chemical-Grade-Plant-2-1024x683.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8297,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/07\/12\/australia-a-clean-energy-superpower\/","url_meta":{"origin":8413,"position":2},"title":"Australia: A clean-energy superpower?","author":"yinghui","date":"July 12, 2023","format":false,"excerpt":"TIMOTHY BOND It has long been a trusted mining partner of countries across the world, but there is urgency for Australia to expand its downstream options as the world decarbonises. Any new industry can present a race to the top, with early adopters best placed to capitalise on new market\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"critical minerals, australia, battery, superpower","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-13-at-10.55.13-am-1024x317.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-13-at-10.55.13-am-1024x317.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-13-at-10.55.13-am-1024x317.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/07\/Screenshot-2023-07-13-at-10.55.13-am-1024x317.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8807,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/08\/10\/this-emerging-lithium-project-trumps-bald-hill-for-size\/","url_meta":{"origin":8413,"position":3},"title":"This emerging lithium project trumps Bald Hill for size","author":"yinghui","date":"August 10, 2024","format":false,"excerpt":"Staff Writer Image: Henri Koskinen\/adobe.stock.come When\u00a0Global Lithium Resources\u00a0announced a a 43 per cent resource increase for its Manna lithium deposit in June, it solidified the project as a truly world-class asset. This took Manna\u2019s mineral resource estimate (MRE) to 51.6 million tonnes (Mt) at one per cent lithium oxide, within\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8562,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/04\/29\/ravensthorpe-nickel-to-suspend-operations\/","url_meta":{"origin":8413,"position":4},"title":"Ravensthorpe nickel to suspend operations","author":"yinghui","date":"April 29, 2024","format":false,"excerpt":"KELSIE TIBBEN The Ravensthorpe nickel operations. Image: First Quantum Minerals While many of the staff members from the Ravensthorpe nickel operation (RPO) will be made redundant, owner First Quantum Minerals is taking steps to keep as many employed as possible. It comes as\u00a0First Quantum\u00a0places the WA site into a care\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"First Quantum","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/12\/first-quantum-3.0-OPERATIONS-RAVENSTHORPE-02-1024x554.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/12\/first-quantum-3.0-OPERATIONS-RAVENSTHORPE-02-1024x554.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/12\/first-quantum-3.0-OPERATIONS-RAVENSTHORPE-02-1024x554.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/12\/first-quantum-3.0-OPERATIONS-RAVENSTHORPE-02-1024x554.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8050,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/09\/06\/mineral-resources-offloads-328-million-pilbara-minerals-interest\/","url_meta":{"origin":8413,"position":5},"title":"Mineral Resources offloads $328 million Pilbara Minerals interest","author":"yinghui","date":"September 6, 2021","format":false,"excerpt":"Mineral Resources has sold its 5.4 per cent stake of Pilbara Minerals in an effort to focus on its hard-rock lithium and iron ore assets. Mineral Resources has been a shareholder in Pilbara Minerals since October 2016 as part of its offtake rights and a royalty held of the Pilgangoora\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"Deloitte","src":"https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/07\/shutterstock_750493204-1024x683.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/07\/shutterstock_750493204-1024x683.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/07\/shutterstock_750493204-1024x683.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/australianresourcesandinvestment.com.au\/wp-content\/uploads\/2021\/07\/shutterstock_750493204-1024x683.jpg?resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=8413"}],"version-history":[{"count":2,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8413\/revisions"}],"predecessor-version":[{"id":8416,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8413\/revisions\/8416"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=8413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=8413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=8413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}