Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


June 30, 2015 9:50 AM ET

Metals and Mining

Company Overview of Palabora Mining Company Limited

Company Overview

Palabora Mining Company Limited, through its subsidiary, Palabora Copper Proprietary Limited, engages in the mining, extraction, and sale of copper, magnetite, and associated by-products. The company operates a copper mine, smelter, and refinery complex in the Limpopo Province, South Africa. Its products include copper and cathode rods, and copper concentrates; magnetite and stockpiled magnetite used as feed by iron and steelmaking customers, as well as by-products, including nickel sulphate, anode slimes, and sulphuric acid. The company also produces and markets vermiculite. It operates in South Africa, Asia, Australia, Europe, the United States, and other African countries. The company is ...

1 Copper Road

Phalaborwa,  1389

South Africa

2,340 Employees

Phone:

27 15 780 2911

Fax:

27 15 780 2018

Key Executives for Palabora Mining Company Limited

Chief Executive Officer and Executive Director
Age: 50
Chief Financial Officer and Ex-Officio Board Member
Age: 38
General Manager of Corporate Affairs and Company Secretary
Age: 38
General Manager of Human Resources
Age: 56
General Manager of Mining
Age: 54
Compensation as of Fiscal Year 2014.

Palabora Mining Company Limited Key Developments

Palabora Mining Company Limited Reports Consolidated Earnings and Production Results for the Year Ended Dec. 31, 2013

Palabora Mining Company Limited reported consolidated earnings and production results for the year ended Dec. 31, 2013. For the period, the company reported revenue of ZAR 11,625 million against ZAR 8,716 million a year ago. Profit before net finance income and tax was ZAR 926 million against loss before net finance income and tax of ZAR 173 million a year ago. Finance income was ZAR 669 million against ZAR 122 million reported last year. Profit before tax was ZAR 1,534 million against loss before tax of ZAR 110 million reported last year. Profit attributable to equity holders of the parent was ZAR 1,032 million or 2,136 cents per basic and diluted share against loss attributable to equity holders of the parent of ZAR 97 million or 201 cents per basic and diluted share a year ago. Net cash generated from operating activities was ZAR 1,430 million against ZAR 148 million a year ago. Capital expenditure increased to ZAR 406 million from ZAR 366 million in 2012. Headline loss was ZAR 1,033 million or 2,138 cents per share against ZAR 82 million or 171 cents per share. reported last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) was ZAR 1,669 million against ZAR 413 million reported last year. Adjusted EBITDA (excluding non-recurring items and growth costs) was ZAR 2,536 million against ZAR 1,097 million reported last year. New copper anode production increased by 24% (51kt vs 41kt) and refined copper production increased 20% to 49kt compared to 41kt for 2012. Total magnetite production, consisting of course material (65% fe), iron oxide (56% fe) and dense medium separation fine material (DMS), increased to 6.5Mt from 5.3Mt in 2012. Vermiculite production was deliberately decreased by 4% to 128kt compared to 133kt for 2012 to ensure continued alignment with sales in line with competitive market conditions.

Palabora Mining Company Limited Provides Earnings Guidance for the Year Ended December 31, 2013

Palabora Mining Company Limited provided earning guidance for the year ended December 31, 2013. For the year, the company expects basic earnings of ZAR 1,032 million or 2,135 cents per share and headline earnings of ZAR 1,033 million or 2,137 cents per share. The guidance compares with basic loss of ZAR 97 million (201 cents per share) and headline loss of ZAR 82 million (170 cents per share) for the comparative previous year.

Palabora Mining Company Limited Announces Resignation of Abel Malinga as Director

Palabora Mining Company Limited announced that Mr. Abel Malinga has resigned as Director with effect from November 13, 2013.

Similar Private Companies By Industry

Company Name Region
Anglovaal Holdings Ltd. Middle East/Africa
Vale South Africa Exploration Ltd. Middle East/Africa
Southvaal Holdings Ltd. Middle East/Africa
MCC Group of Companies Middle East/Africa
JAG Engineering SA Pty Ltd Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Palabora Mining Company Limited, please visit www.palabora.co.za. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.