August 02, 2014 1:21 AM ET

Metals and Mining

Company Overview of Talison Lithium Limited

Company Overview

Talison Lithium Limited engages in the mining, development, and exploration of mineral properties in Western Australia and Chile. It mines and processes lithium bearing mineral spodumene at Greenbushes, near Perth, Western Australia, as well as produces a range of lithium concentrates and sells to customers for processing into lithium chemicals, primarily lithium carbonate. The company also owns interests in the Salares 7 Project, a lithium and potassium exploration property consisting of seven salars in Region III, Chile. Talison Lithium Limited was incorporated in 2009 and is headquartered in Perth, Australia. As of February 26, 2013, Talison Lithium Limited operates as a subsidiary of Win...

37 St Georges Terrace

Level 4

Perth, WA 6000

Australia

Founded in 2009

Phone:

61 8 9263 5555

Fax:

61 8 9202 1144

Key Executives for Talison Lithium Limited

Chief Executive Officer
Chief Financial Officer and Company Secretary
Executive Director of Corporate Affairs and Strategy and Executive Director
Age: 55
General Manager of Technology
Executive General Manager of Corporate Development
Compensation as of Fiscal Year 2014.

Talison Lithium Limited Key Developments

Galaxy Resources Ltd Signs a Three Year Spodumene Feedstock Contract with Talison Lithium

Galaxy Resources Ltd. has signed a three year spodumene feedstock contract with Talison Lithium to supply the company's wholly-owned Jiangsu Lithium Carbonate Plant in China. Galaxy will purchase the Talison feedstock in US dollars, which will represent additional cost benefits to Galaxy. The contract will deliver spodumene from Talison's Greenbushes mine in Western Australia to Jiangsu at a better rate compared to the costs of a full reinstatement of Galaxy's Mt Cattlin operation in Ravensthorpe. Mt Cattlin was placed in temporary suspension in July 2012 due to high inventory levels of spodumene at Jiangsu. Talison's recently-expanded capacity and threefold head grade at its Greenbushes operations has resulted in the first significant external supply of spodumene becoming available on the international market. The supply contract is expected to commence in July 2013, after existing stockpiles at Jiangsu have depleted. Galaxy's Mt Cattlin operations will remain suspended until further notice, but will remain operationally ready to restart in the event Galaxy needs to resume its own internal production, and for Galaxy to retain security of supply.

Talison Lithium Limited(TSX:TLH) dropped from S&P/TSX Global Mining Index

Talison Lithium Limited(TSX:TLH) dropped from S&P/TSX Global Mining Index

Talison Lithium Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2012

Talison Lithium Limited announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported sales revenue of AUD 43,128,000 compared to AUD 22,686,000 a year ago. EBITDA was AUS 14.9 million (excluding AUD 8.2 million in non-recurring acquisition advisory costs and break fee) increased AUD 9.5 million or 177% over the corresponding period in the prior year. Including acquisition advisory costs and break fee, EBITDA for the Second Quarter was AUD 6.7 million, a 25% increase over the corresponding period in the prior year. Net profit after tax was AUD 9.4 million (excluding non-recurring acquisition advisory costs and break fee), a 67% increase compared to the corresponding period in the prior year. Including non-recurring acquisition advisory costs and break fee, net profit after tax and basic EPS for the Second Quarter was AUD 3.7 million and 3.3 cents respectively. Cash inflow from operating activities for the Second Quarter was AUD 15.9 million (excluding acquisition advisory costs and break fee) was AUD 3.9 million higher than the corresponding period in the prior year due to the increase in sales. For the six months, the company reported sales revenue of AUD 71,606,000 compared to AUD 48,565,000 a year ago. EBITDA was AUD 13,995,000 compared to AUD 11,513,000 a year ago. Net profit for the period was AUD 8,330,000 or AUD 7.4 per diluted share compared to AUD 7,249,000 or AUD 6.7 per diluted share a year ago.

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Date
Target
Merger/Acquisition
December 2, 2013
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