September 19, 2014 10:37 PM ET

Metals and Mining

Company Overview of Indo Mines Limited

Company Overview

Indo Mines Limited explores and develops mineral properties. The company owns a 70% interest in the Jogjakarta iron project located in Indonesia. It also holds interests in the Nangali and Chinguela gold projects situated in Huancabamba District, Northern Peru. The company is based in South Perth, Australia.

68 South Terrace

South Perth, WA 6151

Australia

Phone:

61 8 9474 7710

Fax:

61 8 9474 7771

Key Executives for Indo Mines Limited

Company Secretary and Executive Director
Age: 48
Total Annual Compensation: $244.1K
Executive Director of Operations Planning and Market Development of PT Jogja Magasa Iron
Total Annual Compensation: $335.9K
Compensation as of Fiscal Year 2013.

Indo Mines Limited Key Developments

Indo Mines Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2013

Indo Mines Limited announced consolidated earnings results for the half year ended December 31, 2013. For the period, the company reported loss from operating activities of $4,433,563 compared to $6,006,438 a year ago. Loss before income tax was $3,890,933 compared to $5,555,294 a year ago. Loss for the year was $3,890,933 compared to $5,555,294 a year ago. Loss attributable to owners of the company was $2,619,100 compared to $4,275,170 a year ago. Basic and diluted loss per share was 0.5 cents compared to 1.3 cents a year ago. Net cash used in operating activities was $4,593,917 compared to $5,907,506 a year ago. Purchase of property, plant and equipment was $1,761,838 compared to $114,245 a year ago. Acquisition of rights to land was $7,560,186. Purchase of interest in tenement was $49,791.

Indo Mines Limited Announces Management Appointments

Indo Mines Limited announced that Mr. Arran Marshall has been appointed to the role of Chief Executive Officer based in Jakarta, Indonesia. Mr. Marshall's employment commences with immediate effect. Mr. Marshall has most recently held the role of country head for AWR Lloyd in Indonesia. In addition, the board announced that Ms. Stacey Apostolou will be joining the board with effect from February 25, 2014. Ms. Apostolou has been with the company since October 2011 and has held the roles of Chief Financial Officer and Company Secretary.

Indo Mines Limited Announces Appointment of PricewaterhouseCoopers as Auditors Replacing KPMG

Indo Mines Limited announced that following receipt of shareholder approval and the consent of ASIC to the resignation of KPMG, PricewaterhouseCoopers has been approved as the new auditor of the company.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 31, 2014
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