August 18, 2017 2:29 PM ET

Metals and Mining

Company Overview of Aditya Birla Minerals Limited

Company Overview

Aditya Birla Minerals Limited engages in exploring, mining, processing, and sale of copper concentrates and cathode in Australia. It holds interest in the Birla Nifty copper mine located in the Great Sandy Desert Region of the East Pilbara in Western Australia. The company was founded in 2003 and is based in Perth, Australia. As of July 29, 2016, Aditya Birla Minerals Limited operates as a subsidiary of Metals X Limited.

Septimus Roe Square

Level 3

256 Adelaide Terrace

Perth, WA 6000

Australia

Founded in 2003

Phone:

61 8 9366 8800

Fax:

61 8 9366 8805

Key Executives for Aditya Birla Minerals Limited

Chief Executive Officer and Managing Director
Age: 58
Chief Financial Officer
Head of Engineering & Projects
Group Chief Mining Engineer
Corporate Finance Manager
Compensation as of Fiscal Year 2017.

Aditya Birla Minerals Limited Key Developments

Aditya Birla Minerals To Be Deleted From Other OTC

Aditya Birla Minerals Ltd, Pertha WA ordinary shares (Australia) will be deleted from Other OTC, effective June 15, 2017. The deletion is due to inactive security.

Aditya Birla Minerals Limited Announces Audited Consolidated and Parent Earnings Results for the Year Ended March 31, 2016

Aditya Birla Minerals Limited announced audited consolidated and parent earnings results for the year ended March 31, 2016. For the year, on consolidated basis, total revenue was AUD 207,901,000 compared to AUD 59,017,000 a year ago. Loss before income tax from continuing operations was AUD 142,604,000 compared to AUD 242,771,000 a year ago. Loss after income tax from continuing operations was AUD 157,464,000 or 50.25 cents per basic and diluted share compared to AUD 198,317,000 or 63.28 cents per basic and diluted share a year ago. Net loss for the year was AUD 190,391,000 or 60.76 cents per basic and diluted share compared to AUD 219,712,000 or 70.11 cents per basic and diluted share a year ago. Net cash flows from operating activities were AUD 6,359,000 compared to AUD 61,253,000 a year ago. Payments for plant and equipment were AUD 2,361,000 compared to AUD 1,960,000 a year ago. For the year, on parent basis, total revenue was AUD 1,798,000 compared to AUD 2,741,000 a year ago. Loss before income tax from continuing operations was AUD 144,854,000 compared to AUD 29,935,000 a year ago. Loss after income tax from continuing operations was AUD 144,854,000 compared to AUD 41,620,000 a year ago. Net loss for the year was AUD 175,162,000 compared to AUD 204,960,000 a year ago. Net cash flows from operating activities were AUD 3,651,000 compared to AUD 6,179,000 a year ago.

Aditya Birla Minerals Limited Announces Directorate Changes

Aditya Birla Minerals Limited on 18 July 2016 in respect of the necessary Reserve Bank of India approvals, ABML advises that, its major shareholder, Hindalco Industries Limited (Hindalco) has accepted the off-market takeover offer by Metals X Limited for all the shares in ABML. ABML also advises that following the acquisition of a controlling interest in the company by Metals X, the Board has appointed Mr. Peter Cook and Mr. Warren Hallam as Directors of the company with immediate effect. Mr. Peter Cook is the Chief Executive Officer of Metals X and Mr. Warren Hallam is an Executive Director of Metals X. Mr. Debu Bhattacharya, Mr. Jagdish Chandra Laddha, Mr. Maurice Anghie, Dr. Suresh Bhargava and Mr. Mysore Prasanna have all resigned from their positions as Non-Executive Directors of ABML with immediate effect. The remaining ABML directors (being Mr. Narayan Krishnan and Mr. Neel Patnaik) will stand down after Metals X obtains a relevant interest in more than 90% of the total ABML shares on issue.

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