During the quarter the Olaroz Lithium Facility responded to challenging market conditions by reducing operating costs 16% quarter on quarter and achieving a gross margin of 24% to retain positive operational cashflow. Significant progress has been delivered on both growth projects at the Naraha Lithium Hydroxide Plant and Olaroz Stage 2 Expansion [...]
Orocobre Ltd. will release the December 2019 Quarterly Report on Thursday 30 January 2020. Managing Director and CEO, Mr. Martín Pérez de Solay will conduct a briefing at 10am AEST . A live audio webcast of this briefing will be available on Orocobre’s website www.orocobre.com. Written questions may be submitted via the webcast [...]
Orocobre Ltd. , wishes to advise that the counterparties to the contracts detailed in the release to the ASX on 20 January 2020 are top tier Chinese cathode manufacturers B&M Science and Technology and XTC New Energy Materials respectively. Richard S. Anthon Joint Company Secretary For more information please contact: Andrew Barber Chief Investor [...]
Orocobre Ltd. , is pleased to advise that two contracts have been signed for supply of battery grade lithium carbonate to top tier Chinese cathode manufacturers. Toyota Tsusho Corporation , as joint sales and marketing agent for production from the Olaroz Lithium Facility , has signed one contract for supply of a total 7,200 tonnes of battery grade [...]
Orocobre Ltd. provides the following update on expected lithium carbonate pricing for the December quarter. The indicative weighted average price of lithium carbonate sales for the December quarter is now expected to be approximately US$5,400/tonne FOB1, subject to achieving the planned shipping schedule. Market conditions remain soft and Orocobre [...]
Orocobre Ltd. wishes to announce that all resolutions were passed as ordinary resolutions following a poll at the Annual General Meeting held this morning, 22 November 2019. Details of the votes cast are as follows: RESOLUTION FOR AGAINST ABSTAIN 1. Adoption of the Directors’ Remuneration Report for the year ended 30 June 2019 109,419,995 [...]
Orocobre Ltd. wishes to provide the following transcript of the Chairman’s Address from the 2019 Annual General Meeting. I welcome you all to this the 14th Annual General Meeting of Orocobre Ltd.. My name is Robert Hubbard and I am a Non-Executive Director and the Chairman of Orocobre and will be chairing today’s meeting. I would like [...]
SEPTEMBER QUARTER 2019 KEY HIGHLIGHTS1 OLAROZ LITHIUM FACILITY 2 Q1 FY20 production was 3,093 tonnes, up 35% on the previous corresponding period and the highest ever recorded in a September quarter following a strategy of managing brine quality, new pond preparation and tailoring production to seasonal conditions. Record production was achieved [...]
Orocobre Ltd. will release the September 2019 Quarterly Report on Tuesday 22 October 2019. Managing Director and CEO, Mr. Martín Pérez de Solay will conduct a briefing at 10am AEST . A live audio webcast of this briefing will be available on Orocobre’s website www.orocobre.com. Written questions may be submitted via the webcast [...]
Orocobre Ltd. , is delighted to welcome Mr. Hersen Porta to the role of Chief Operating Officer. Hersen will be responsible for overseeing the operations of both the Olaroz Lithium Facility and Borax Argentina S.A. . Hersen will have primary responsibility for operational performance and will provide support to the General Managers of Olaroz and [...]
Orocobre Ltd. , a dynamic global lithium chemicals supplier, today released its financial results for the full year ended 30 June 2019 . Highlights: Statutory Group net profit of US$54.6 million for FY19 includes a number of one off items. Underlying NPAT1 of US$24.8 million is down from US$25.7 million in the previous corresponding period [...]
Orocobre Ltd. is pleased to advise that the finance facility for the Olaroz Lithium Facility Stage 2 Expansion has been finalised. Comprehensive project finance documentation between Orocobre, Toyota Tsusho Corporation , Sales de Jujuy S.A., Jujuy Energia y Minera Sociedad del Estado , Mizuho Bank Ltd and Japan Oil, Gas and Metals National [...]
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