JUPITER MINES LIMITED 2
Tshipi Borwa Manganese Mine Tshipi Manganese - Results Tshipi more than doubled its production and exports this year to over 2 million tonnes of ore and recorded a profit of R325,660,926 (~A$33,710,600)
Construction activities have been completed and commissioning commenced
ACTUAL 2013/14 | ACTUAL 2014/15¹ | |
Production (tonnes) | 1,055,087 | 2,114,224 |
Sold (tonnes) | 935,638 | 2,113,533 |
Revenue (AUD$'000) | 127,056 | 298,117 |
Cost of Sales (AUD$'000) | 70,979 | 182,487 |
Net Profit (AUD$'000) | 18,809 | 33,710 |
1 Exchange rate used = 9.6952 |
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Tshipi Manganese - Update Manganese price has seen a decrease of over 30% during the past year
With the depressed commodity market, necessary cost saving measures have been put in place, resulting in a 10% decrease in cost of production
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Mount Ida and Mount Mason Iron Ore Projects Mount Ida & Mount Mason Iron Ore Expansion of Esperance Port has been delayed further
Iron ore price has decreased during the past year and hit record lows in early July
Continued decline in the iron ore price is down to a fundamental supply and demand imbalance which has suppressed the iron ore price and threatens to continue to do so in the short to medium-term
Delayed port expansion and decline in iron ore price has seen both projects placed in care and maintenance
Independent valuation was carried out and Mount Ida and Mount Mason valued at $13.4 million and $200,000 respectively
Expect to see many more write-downs by other juniors in June 2015 financial year end
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Consideration of Reports 2015 Directors' Report
2015 Financial Report
Independent Audit Report - Grant Thornton
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Questions and Comments Only shareholders of Jupiter Mines Limited can speak at this time
Voting shareholder - Green
Non voting shareholder - Blue
Visitor - Red
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RESOLUTION 1: Re-election of Mr Soo-Cheol Shin"That, Mr Soo-Cheol Shin, who retires in accordance with clause 39.1 of the Constitution of the Company, and having offered himself for re-election and being eligible, is hereby re- elected as a Director of the Company."
FOR | 1,751,384,545 | 99.85% |
AGAINST | 529,724 | 0.03% |
ABSTAIN | 3,426,482 | - |
OPEN | 2,102,293 | 0.12% |
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RESOLUTION 2: Re-election of Mr Paul Murray
"That, Mr Paul Murray, who retires in accordance with clause
39.1 of the Constitution of the Company, and having offered
himself for re-election and being eligible, is hereby re-elected as
a Director of the Company."
FOR | 1,744,360,948 | 99.52% |
AGAINST | 6,278,321 | 0.36% |
ABSTAIN | 4,701,482 | - |
OPEN | 2,102,293 | 0.12% |
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RESOLUTION 3: Re-election of Mr Andrew Bell
"That, Mr Andrew Bell, who retires in accordance with clause
39.1 of the Constitution of the Company, and having offered
himself for re-election and being eligible, is hereby re-elected as
a Director of the Company."
FOR | 1,749,226,030 | 99.73% |
AGAINST | 529,888 | 0.03% |
ABSTAIN | 3,426,482 | - |
OPEN | 4,260,644 | 0.24% |
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