The Board of Western Areas today announced the commencement of the nickel concentrate tender process associated with the upcoming expiry of the Jinchuan Group (Jinchuan) contract in late 2014. The commencement of the tender is consistent with the Company's prior market disclosures and is a process that has been successfully utilised in the past to [...]
The Board of Western Areas is pleased to announce the appointment of Mr Tim Netscher as an Independent Non-Executive Director effective 1 August 2014. Mr Netscher has significant broad-based experience at senior levels in the international resources industry, in roles spanning marketing, operations management, project management and business [...]
Western Areas is pleased to report another solid quarterly performance and excellent full year results on safety, costs, operational metrics and positive free cashflow generation. Unit cash cost of production was A$2.61/lb of nickel in concentrate for the quarter, with full year unit cash cost at A$2.50/lb (US$2.28/lb) which is 7.4% below the full [...]
The Board of Western Areas is pleased to announce the full repayment of A$95m of convertible bond debt from existing cash reserves. Western Areas Managing Director, Mr Dan Lougher commented that the repayment of this convertible bond debt which had reached maturity marked an important milestone for the Company. "Western Areas has been very [...]
Western Areas is pleased to report another strong quarterly performance on costs, operational metrics and positive free cashflow generation. Unit cash cost of production was A$2.52/lb of nickel in concentrate for the quarter, being slightly lower than the December quarter. Year to date unit cash costs sit at A$2.46/lb. Consolidated cash at bank [...]
The Board of Western Areas Ltd refers to the Share Purchase Plan (SPP) Completion announcement on 28 March 2014. Today the Company was advised by its share registry Computershare Investor Services that an error had occurred in respect to the number of shares held at the SPP record date. This date data was used to determine the scale back of certain [...]
The Board of Western Areas Ltd is pleased to announce that the Company has successfully closed the Share Purchase Plan receiving applications in excess of the $15 million cap disclosed when the SPP was announced. Applications totalled $18.8m and will therefore be scaled back in proportion to the number of shares held by individual applicants on the [...]
The Board of Western Areas Ltd wishes to announce that following the successful completion of the ordinary share placement announced on 18 February 2014, it has repurchased A$15 million in face value of the Company's issued Convertible Bonds which are listed on the Singapore Stock Exchange and mature on 2 July 2014 ("2014 Bonds").
The Board of Western Areas is pleased to announce the successful completion of the fully underwritten ordinary share Placement announced on 18 February 2014 which raised A$88.5 million. The issue price under the Placement was A$3.00 per share. The Placement Price represents a 3.3% discount to the 5 day volume weighted average price for the period [...]
The Board of Western Areas is pleased to announce the Company is conducting a fully underwritten ordinary share placement to raise approximately A$89 million, and a non-underwritten share purchase plan to raise a maximum of A$15 million. The Placement comprises an issue of approximately 29.5 million ordinary shares in Western Areas and is [...]
Western Areas today announces the Company's Half Year Results for the period ended 31 December 2013. Against the backdrop of the challenging low nickel price, Western Areas reported NPAT of A$2.7m. This result included A$1.6m of costs primarily related to the successful listing of the 68% owned FinnAust Mining plc on the London AIM. Excluding the [...]
Western Areas Managing Director, Mr Dan Lougher, said that the guidance upgrades were a direct result of the continuing strong performance of the Company's operations. They are testament to the operational team's hard work and focus on numerous small and large projects across the business which enhanced both productivity and output. "Whilst we have [...]
