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Last A$3.10 AUD
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:16 AM 02/18/15 All times are local (Market data is delayed by at least 15 minutes).

sphere minerals ltd (SPH) Snapshot

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sphere minerals ltd (SPH) Details

Sphere Minerals Limited engages in the exploration and development of iron ore properties in West Africa. Its flagship project is the Guelb El Aouj iron ore project located in Mauritania. The company is based in Sydney, Australia. Sphere Minerals Limited is a subsidiary of Sidero Pty Limited.

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sphere minerals ltd (SPH) Key Developments

Sphere Minerals Limited Appoints Lionel Mages as Chief Financial Officer

Sphere Minerals Limited announced that Mr. Lionel Mages has been appointed as Chief Financial Officer, effective immediately. Mr. Mages has over 8 years of experience in senior financial roles. In 2010, Mr. Mages joined Glencore as Trade Accountant for Zinc/Copper and in 2014 he became Finance Controller of Glencore Iron Ore asset team. He previously worked for Credit Suisse as a Controller and for British American Tobacco as a Financial Analyst.

Damian Hogue to Leave the Sphere Minerals Limited as Director and Chief Financial Officer

Sphere Minerals Limited announced that Mr. Damian Hogue, Director and Chief Financial Officer, will leave the Company at the end of March 2015.

Sphere Minerals Limited Announces Audited Consolidated and Parent Financial Results for the Full Year Ended December 31, 2014

Sphere Minerals Limited announced audited consolidated and parent financial results for the full year ended December 31, 2014. For the year on consolidated basis, the company reported net loss from continuing operations after income tax attributable to owners was $311,864,000 against $1,985,000 a year ago. The 2014 loss reflects the impairment of exploration and evaluation costs and provisions for construction contract termination relating to the Askaf project and non-recoverable loans relating to the El Alouj projects. Total revenue was $31,594,000 against $594,000 a year ago. Loss before income tax expense was $311,953,000 against $2,171,000 a year ago. Loss per basic and diluted share for profit from continuing operations was 142.88 cents against 0.84 cents a year ago. Net cash used in operating activities was $14,669,000 against $1,955,000 a year ago. Payment for property, plant and equipment was $149,000 against $771,000 a year ago. Payments for capitalized exploration expenditure were $18,065,000 against $51,293,000 a year ago. On parent basis for the year, the company reported loss of $292,050,000 against $280,000 a year ago.


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