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Last A$1.40 AUD
Change Today 0.00 / 0.00%
Volume 0.0
As of 12:41 AM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

tasmania mines ltd (TMM) Snapshot

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52 Week High
08/29/14 - A$2.00
52 Week Low
10/14/14 - A$1.27
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tasmania mines ltd (TMM) Details

Tasmania Mines Limited, together with its subsidiaries, explores, produces, and sells magnetite and its by-products in Australia and internationally. It is involved in the mining, crushing, and concentration of scheelite and magnetite from the Kara Mine in Tasmania. The company sells scheelite for the production of specialty steel in Europe, as well as for use in the lighting Industry in the United States; and magnetite for use as a dense medium to wash coal in Australia. Tasmania Mines Limited is based in Hampshire, Australia.

25 Employees
Last Reported Date: 02/26/15

tasmania mines ltd (TMM) Top Compensated Officers

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tasmania mines ltd (TMM) Key Developments

Tasmania Mines Ltd Declares Fully Franked Dividend, Payable on May 29, 2015

The Directors of Tasmania Mines Ltd. announced that they have declared a fully franked dividend of $0.03 per issued share in the capital of the company. Ex-dividend date is May 5, 2015, with record date of May 7, 2015 and payment date of May 29, 2015.

Tasmania Mines Ltd., Annual General Meeting, Apr 17, 2015

Tasmania Mines Ltd., Annual General Meeting, Apr 17, 2015., at 11:00 AUS Eastern Standard Time. Location: Level 33, Auurora Place. Agenda: To receive and consider the financial report of the company, together with the directors’ report for the year ended December 31, 2014 and the auditor’s report thereon; to receive and consider the remuneration report for the year ended December 31, 2014 and, if thought fit, that it be adopted; to elect a director; and to transact any other business which may be brought before the meeting in conformity with the company’s constitution.

Tasmania Mines Ltd. Announces Consolidated Earnings and Operating Results for the Year Ended December 31, 2014

Tasmania Mines Ltd. announced consolidated earnings and operating results for the year ended December 31, 2014. During the year a total of 450,956 tonnes of ore was mined at 41.6% Fe compared to 388,769 tonnes a year ago. In addition 520,396 tonnes of overburden was removed compared to 668,783 tonnes a yea ago. All material was taken from the Kara No.1 Open Pit. The Kara concentrator mill treated 452,022 tonnes of materials during the year. Production totalled 20 tonnes of high grade scheelite and 236,230 tonnes of dense medium magnetite. 216,560 tonnes of dense medium magnetite was sold this year compared with 172,861 tonnes sold in the previous year and no iron ore fines were sold during the year compared to 44,290 tonnes sold in the previous year. 25 tonnes of high grade scheelite was sold this year of which the average assay was 73% WO3 compared to 68 tonnes in the previous year of which the average assay was 75% WO3. For the year, the company reported revenue of AUD 50,430,000 against AUD 48,349,000 a year ago. Profit before tax was AUD 9,789,000 against AUD 8,764,000 a year ago. Profit for the year was AUD 6,874,000 against AUD 6,150,000 a year ago. Diluted earnings per share from continuing operations were 37.6 cents against 33.6 cents per share a year ago. Net cash provided by operating activities was AUD 12,509,000 against AUD 9,767,000 a year ago. Payments for plant and equipment were AUD 14,420,000 against AUD 6,580,000 a year ago. Investment in exploration and evaluation assets was AUD 365,000 against AUD 119,000 a year ago.


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