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18/11/13
13:38
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re: Ann: Arrium Mining Quarterly Production R...
I think this is NEW.
"Progressing well with divestment program
• Have completed/under contract, divestments
~$120 million
• Expect ~$90 million cash proceeds in 1H"
I only had two sales $19m (3/09/2013) and $23m (14/10/2013)
I now have Net Debt reduced from $2,115m to $1,850m this half!
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"CFR market index price averaged US$133/dmt quarter.
Arrium’s average realised price was ~US$113/t FOB (dmt)"
JGunter99, $113 FOB is VERY good!
You have to know the difference between CFR and FOB? Freight!
$US113 * 1/0.916 = $AUD123
Profit Per tonne = $123 - $49 - $16 (other costs) = $58
Implies Mining Q1 2014 EBITDA = $58 * 3.13 = $181m
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