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Last A$1.98 AUD
Change Today +0.055 / 2.86%
Volume 342.7K
As of 2:11 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

orocobre ltd (ORE) Snapshot

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52 Week High
08/25/14 - A$3.22
52 Week Low
07/30/15 - A$1.87
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Current Stock Chart for OROCOBRE LTD (ORE)

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orocobre ltd (ORE) Details

Orocobre Limited explores and develops lithium, potash, and salar mineral properties primarily in Argentina. Its flagship project includes the Salar de Olaroz lithium project that covers 63,000 hectares of tenements located in north-western province of Jujuy. The company is based in Milton, Australia.

orocobre ltd (ORE) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$664.2K
Chief Financial Officer and Joint Company Sec...
Total Annual Compensation: A$410.3K
Business Development Manager
Total Annual Compensation: A$312.9K
Compensation as of Fiscal Year 2014.

orocobre ltd (ORE) Key Developments

Orocobre Limited Announces Operations Update on Olaroz Lithium Facility

Orocobre Limited announced progress at the Olaroz Lithium Facility. Production update and forecast: The lithium carbonate plant continues to produce both battery grade and technical grade lithium carbonate to fulfil sample and customer order requirements. The production ramp up has been slower than anticipated with 26 tonnes of saleable lithium carbonate produced up to the end of April, 44 tonnes produced in May and 100 tonnes expected to be produced in June. An additional 150 tonnes of lithium carbonate inventory produced from the primary circuit is in stock and will be further processed through the purification circuit in due course. The slower than expected ramp up has been due principally to a number of ‘bottle necks’ caused by both physical/equipment limitations and the development of good operating practices. These "bottlenecks" have been sequentially identified through the plant and the majority have been successfully rectified. The remaining areas are expected to be resolved in the coming 3-4 months. As would be a normal part of early operations with any new plant, production runs have provided the basis for identification and rectification of limitations. Production for the coming quarter is forecast to be 1,200 tonnes in total, with the full production rate of 1,450 tonnes per month expected to be achieved in the fourth quarter. It is also expected that by October 2015, there will be sufficient quantities of concentrated brine to supply the plant at full capacity. Currently there is in excess of 32,000 tonnes of lithium carbonate equivalent in the Olaroz pond system at various stages of concentration, with the overall process recoveries expected to be approximately 75%. This inventory will allow rapid ramp-up of production once the final plant issues have been rectified.

Orocobre Limited Appoints Rick Anthon as Joint Company Secretary

Orocobre Limited announced that Rick Anthon has been appointed Joint Company Secretary, alongside existing Company Secretary and Chief Financial Officer Mr. Neil Kaplan. Mr. Anthon will assume the joint Company Secretary role in addition to his role as General Counsel.

Orocobre Limited Announces Audited Consolidated Earnings Results for the Half Year Ended December 31, 2014

Orocobre Limited announced audited consolidated earnings results for the half year ended December 31, 2014. For the year, profit before income tax was $1,876,944 against loss of $384,672,000 a year ago. Profit for the year was $2,307,746 against loss of $1,018,059,000 a year ago. Profit attributable to members of the parent entity was $2,335,124 against loss of $1,024,560,000 a year ago. Diluted earnings per share were 1.75 cents against loss per share of 0.85 a year ago. Net cash used in operating activities was $7,203,434 against $2,124,656 a year ago. Purchase of property, plant and equipment was $1,142,301 against $2,380,813 a year ago.


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