Last A$3.05 AUD
Change Today -0.07 / -2.24%
Volume 33.1K
ORE On Other Exchanges
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As of 9:30 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

orocobre ltd (ORE) Snapshot

Open
A$3.15
Previous Close
A$3.12
Day High
A$3.15
Day Low
A$3.02
52 Week High
08/25/14 - A$3.22
52 Week Low
08/28/13 - A$1.88
Market Cap
402.7M
Average Volume 10 Days
372.5K
EPS TTM
A$-0.04
Shares Outstanding
132.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OROCOBRE LTD (ORE)

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orocobre ltd (ORE) Details

Orocobre Limited explores and develops mineral properties in Argentina. The company focuses on exploring lithium, potash, and boron minerals. Its flagship project includes the Salar de Olaroz lithium project that consists of 63,000 hectares of tenements located in north-western province of Jujuy. The company has a strategic partnership with Toyota Tsusho Corporation. Orocobre Limited is based in Brisbane, Australia.

orocobre ltd (ORE) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$675.7K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$145.2K
Business Development Manager
Total Annual Compensation: A$146.1K
Compensation as of Fiscal Year 2013.

orocobre ltd (ORE) Key Developments

Orocobre Limited Announces Update on Olaroz Lithium Project

Orocobre Limited announced update on the construction of its Olaroz Lithium Project. In terms of physical progress the construction program is now approximately 95% complete. A total of approximately USD 221 million has been spent or committed via executed contracts in the construction project to date. The project is expected to be completed on budget. The company to report that the gas fired electricity generation plant at Olaroz was commissioned as scheduled in July. The lining of the remaining evaporation ponds is 97% complete and the lithium carbonate plant construction is nearing completion. In spite of the challenges of windy conditions and the need to assist construction contractors with procurement of their remaining material and component requirements, the company has to date managed to materially maintain its schedule. The start of the lithium carbonate plant commissioning is scheduled for the end of August with the primary lithium carbonate plant followed by the commissioning of the purification circuit and the drying and micronizing circuits in the period to mid-October. Full automatic operation is expected to be achieved during October.

Orocobre Limited Announces Operating Results for the Period Ended June 30, 2014; Announces Cash Flows Results for the Quarter Ended June 30, 2014

Orocobre Limited announced operating results for the period ended June 30, 2014. For the period, the company’s project construction is approximately 93% physically complete with significant milestones achieved. A total of approximately USD 214 m has been spent or committed via executed contracts on the construction project to date. Construction is projected to be completed on budget with the primary lithium carbonate plant start-up/commissioning scheduled to commence at the end of August 2014. The company announced combined product sales volume of 9,558 tonnes. The company reported cash flows results for the quarter ended June 30, 2014, net operating cash flows was AUD 976,000 compared to AUD 4,497,000 a year ago. Payment for the purchases of prospects was AUD 319,000 compared to AUD 1,224,000 a year ago. Payment for the other fixed assets was AUD 1,346,000 compared to AUD 4,016,000 a year ago.

Orocobre Limited Provides Construction Update on the Olaroz Lithium Project

Orocobre Limited announced progress on construction of its Olaroz Lithium Project. In terms of physical progress the construction program is now approximately 93% complete. A total of approximately USD 214 million has been spent or committed via executed contracts in the construction project to date. The project is expected to be completed on budget. The company reported that at the beginning of June it received all outstanding import approvals (DJAI's) from the government of Argentina for the remaining major equipment for the lithium carbonate plant (e.g. Alfa Laval Heat Exchangers, Outotec Filters and BEPEX micronizing, compaction and drying units). With these approvals a significant area of risk outside of the company's control was removed. During the past 2 months high winds, with gusts above 100 km/hr, have been common particularly during the day. While conducive to evaporation, the high wind conditions have created a challenging environment in construction arising from safety constraints relating to people working at heights and the loss of effective working time. To ameliorate these impacts the Construction Management Team has both increased personnel numbers and commenced construction at night when wind speeds are reduced. The lithium carbonate plant commissioning/start up is projected to be at the end of August 2014 with commissioning/startup of the micronizing and drying circuit to follow in mid-September.

 

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