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Palabora Mining Company Share Price Graph

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10 August 2010 - Unaudited Interim Report for six months ended 30 June 2010

The Company earned a net profit of R306 million or 632 cents per share for the period ending 30 June 2010 as compared to R141 million or 291 cents per share for the period ending 30 June 2009. This increase of 117% in net profit was directly related to firming copper and magnetite prices as compared to the same period in 2009. While magnetite sales volumes increased by 17% from 1.2 million in 2009 to 1.4 million tonnes in 2010, sales were impacted by a rail workers’ strike in June. ...more

30 June 2010 - Changes to Directorate
Matthew Gili, the Managing Director at Palabora has resigned with effect from 1 July 2010, after five and half successful and productive years at Palabora, to take ...more

16 July 2010 - Q2 2010 OPERATIONS OVERVIEW AND PRODUCTION STATISTICS
Palabora, a member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, operates a large block cave copper mine and smelter complex ...more

30 June 2010 - Changes to Directorate
Matthew Gili, the Managing Director at Palabora has resigned with effect from 1 July 2010, after five and half successful and productive years at Palabora, to take ...more

11 June 2010 - Proposed Broad Based Black Economic Empowerment
PMC is very pleased to announce the conclusion of our Black Economic Empowerment transaction with our new BEE partners. The Company has worked closely with these partners to create a new company, Palabora Copper, which will acquire and own the assets of PMC and which will be 26% owned by our BBBEE partners. ...more

09 June 2010 - Results of annual general meeting
Shareholders are hereby informed that all the ordinary resolutions tabled at the annual general meeting of the Company held today at 1 Copper Road, Phalaborwa were passed by the requisite majority of shareholders. ..more

09 June 2010 - Changes to Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following changes to its Board of Directors. ...more

01 June 2010 - Changes to Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following appointment to its Board of Directors: • With effect from 31 May 2010, the resignation of Ms Kay S. Priestly as nonexecutive director. ...more

24 May 2010 - Annual Report 2009
The year that was Looking back at 2009, the year started out bleak indeed. In the middle of a global fi nancial crisis we saw signifi cant price declines in all of our major commodities. I am pleased to be able to inform you that we fi nished the year as strong as ever. ...more

24 May 2010 - Palabora Sustainability Report - 2009
This is our tenth sustainable development report, summarising both achievements as well as the disappointments we had in overcoming the challenges we have set ourselves. ...more

18 May 2010 - Notice of Annual General Meeting and No Change Statement
Notice is hereby given that the annual general meeting of the Company will be held at 1 Copper Road, Phalaborwa on 8 June 2010 at 09h00 to transact the business as stated in the notice of annual general meeting included in the Annual Report. ...more

14 April 2010 - First Quarter 2010 - Operations Overview and Production Statistics
Production from the underground mine averaged 31,542 tonnes on a daily basis for the quarter. Production during the quarter was 9% higher than the previous quarter and slightly lower than the corresponding period in 2009. ...more

11 February 2010 - Change in Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following appointments to its Board of Directors: ...more

09 February 2010 - Provisional Results and Dividend Announcement
Commenting on the full year results for Palabora, Managing Director Matthew Gili said, “Palabora’s profit in 2009 is pleasing in light of the global financial crisis.” “Gross revenue was lower in 2009 compared with 2008 because of a 37% decrease in copper prices which was partially offset by a 35% increase in magnetite sales over 2008 and a 42% increase in magnetite pricing. In addition, net revenue was positively impacted by the reduction in hedge related costs. ...more

26 January 2010 - Further Cautionary Annoucement
Further to the cautionary announcement dated 15 December 2009, shareholders are advised that the negotiations regarding a potential broad-based Black Economic Empowerment transaction involving all or an appropriate part of the Company`s business are still in progress which, if successfully concluded, may have a material effect on the price of the Company’s shares. ... more

22 January 2010 - Trading Statement
As required by the Listings Requirements of the JSE Limited, shareholders are advised that Palabora’s earnings for the year ended 31 December 2009 are expected to be as follows: ...more

14 January 2010 - Fourth Quarter 2009 - Operations Overview and Production Statistics
Daily production from the underground mine averaged 28,090 tonnes for the quarter ended 31 December 2009. The production during the quarter was 13% lower than the previous quarter and 14% lower than the corresponding period in 2008. Production was reduced by approximately 15% for the period 25 November to 15 December 2009 due to the outage of the North Winder. ...more

14 January 2010 - Change in Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE, Palabora hereby announces the following appointments to its Board of Directors: With effect from 11 January 2010, the appointment of Mr. Ray Abrahams and Ms Francine Ann du Plessis as Independent Non Executive Directors. ...more

07 January 2010 - Change to Functions or Executive Responsibilities of a Director
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following changes to the functions or executive responsibilities of a director:...more

18 December 2009 - North Winder Repairs
Following the announcement made on 3 December 2009 wherein it was stated that production will be reduced by approximately 15% for the period 25 November to 15 December 2009 due to the outage of the north winder drum, ...more

15 December 2009 --- Further Cautionary Announcement
Further to the cautionary announcement dated 30 October 2009, shareholders are advised that the negotiations regarding a potential broad-based Black Economic Empowerment transaction ...more

03 December 2009 - North Winder Outage
This communication is to inform shareholders that production will be reduced by approximately 15% for the period 25 November to 15 December 2009. During routine inspection of the production North Winder on 25 November 2009 cracks were discovered in the winder drum. ...more

13 October 2009 ---Third Quarter 2009 - Operations Overview and Production Statistics
Daily production from the underground mine averaged 32,374 tonnes for the quarter ended 30 September 2009. The production during the quarter was slightly below the previous quarter’s tonnes and 3% lower than the previous quarter’s grade. The tonnes hoisted for the 9 months ended 30 September 2009 were 2% higher ...more

23 September 2009 - Change to Directorate
Mr. Philip J. Robinson has resigned as an alternate non-executive director of the Board, with effect from 18 September 2009. With effect from 21 September 2009, Mrs Jo-Ann S. Yuen has been appointed as an alternate non-executive director. ... more

17 September 2009 --- Continuation to cautionary announcement
RENEWAL OF EXISTING CAUTIONARY ANNOUNCEMENT – POTENTIAL BROAD BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION ... more

5 August 2009 --- Unadudited Interim Report for the six months ended 30 June 2009
In this tough business environment where economic indicators have been trending downwards, Palabora ended the first half with net earnings of R141 million; 70% lower than net earnings for the same period a year ago. Cash reserves increased by R141 million during the period under review. A dividend of R1.65 per share was declared by the Board of Directors. ... more

04 August 2009 --- Changes to Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following changes to its Board of Directors (“the Board”): ... more

23 July 2009 --- Final Palabora Trading Update
As required by the Listings Requirements of the JSE Limited, shareholders are advised that Palabora’s earnings for the six months ended 30 June 2009 are expected to be as follows ...more

14 July 2009 --- Q2 Production Statistics
Palabora, a member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, operates a large block cave copper mine and smelter complex...more

22 June 2009 --- 12 June 2009 Analysts’ Visit
12 June 2009 Analysts’ Visit ...more

19 May 2009 --- Annual Report 2008
PALABORA ANNUAL REPORT 2008 In it for the long haul ...more

19 May 2009 --- Sustainable Development 2008
PALABORA SUSTAINABLE DEVELOPMENT REPORT 2008 laying a foundation for future generations ...more

11 May 2009 --- Palabora signed a 26 Per cent Equity Transaction Framework Agreement
On 30 April, 2009 Palabora Mining Company Limited (“Palabora”) signed and submitted a Transaction Framework Agreement (TFA) bearing the signatures of its Broad Based Black Economic Empowerment (BBBEE) partners to the Department of Minerals and Energy ...more

08 May 2009 --- Notice of annual general meeting and no change statement
Notice is hereby given that the annual general meeting of the Company will be held at 1 Copper Road, Phalaborwa on 10 June 2009 at 09h30 to transact the business as stated in the notice of annual general meeting included in the Annual Report ...more

20 April 2009 --- First Quarter 2009 – Operations Overview And Production Statistics
Daily production from the underground mine averaged 32,953 tonnes for the quarter. The production during the quarter was consistent with the previous quarter but 11% higher ...more

26 March 2009 --- Changes To Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following changes to its Board of Directors: Mr. George Negota has resigned as a non-executive director ...more

17 February 2009 --- Renewal of existing cautionary announcement–potential broad based BEE trans.
Further to the cautionary announcements released by the Company dated 17 November 2008 and 6 January 2009, shareholders are advised that the negotiations regarding a potential broadbased Black Economic Empowerment transaction ...more

02 Febraury 2009 --- Reviewed Preliminary Results And Dividend Announcement
Palabora ended the 2008 financial year with a net profit of R720 million. Excluding the impact of the impairment reversal in 2007, 2008 results were on par with those of the 2007 financial year. Matthew Gili, the Group’s MD commented on the results as follows: “We have managed to produce results consistent with 2007 results. Our strong cash balance and consistent operational performance will bode well in these challenging times.”
Management continues to be committed to safety ...more

27 January 2009 --- Trading Update
As required by the Listings Requirements of the JSE Limited, shareholders are advised that Palabora’s earnings for the year ended 31 December 2008 are expected to be as follows: Earnings before interest, tax, depreciation and amortisation (EBITDA) between ...more

14 January 2009 --- Fourth Quarter 2008 – Operations Overview And Production Statistics
Palabora Mining Company, a member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, operates a large block cave copper mine and smelter complex. Daily production from the underground mine averaged 32,816 tonnes for the quarter. The production during the quarter was 2% lower than the previous quarter but 7% ...more

08 January 2009 --- Changes To Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE, Palabora hereby announces the following appointment to its Board of Directors: With effect from 31 December 2008, the resignation of Mr Philip J. Robinson as non-executive director. Mr Robinson was appointed to the role of business ...more

07 January 2009 --- Renewal Of Existing Cautionary Announcement
Further to the cautionary announcement released by the Company dated 17 November 2008, shareholders are advised that the negotiations regarding a potential broad-based Black Economic Empowerment transaction involving ...more

18 November 2008 --- Cautionary Announcement – Potential Broad Based BEE Transaction
Shareholders of Palabora are advised that the company has entered into discussions regarding a potential broad based Black Economic Empowerment transaction involving all or an appropriate part of its business ...more

15 October 2008 --- Third Quarter 2008 – Operations Overview And Production Statistics
Daily production from the underground mine averaged 33,545 tonnes for the quarter. The underground mine achieved a new daily average production...more

05 August 2008 --- Unaudited Interim Report For The Six Months Ended 30 June 2008
Matt Gili, the new Managing Director who took over from Keith Marshall in March this year, commented on the strong half year results as follows: “I am pleased to report that Palabora has delivered another ...more

22 July 2008 --- Trading Update
As required by the JSE Listings Requirements, shareholders are advised that Palabora’s earnings for the six months ended 30 June 2008 are expected to be as follows: ...more

16 July 2008 --- Second Quarter 2008 – Operations Overview And Production Statistics
Daily production from the underground mine averaged 33,256 tonnes for the quarter. The underground mine achieved ...more

12 May 2008 --- Sustainability Report 2007
2007 was a year of reward for Palabora. Building on the good performance of 2006 we were able to take the business to new heights of operational performance, which coupled with exceptional copper prices resulted in levels of cash flows and profitability unseen in the history of this great Company...more

09 May 2008 --- Annual Report 2007
Palabora Mining Company Limited extracts and beneficiates copper and vermiculite from its mines in the Limpopo Province. It is the primary aim of the Company, a member of the worldwide Rio Tinto Group, ... more

09 May 2008 --- Notice of AGM and no change statement
Notice is hereby given that the annual general meeting of the Company will be held at 1 Copper Road, Phalaborwa on 20 May 2008 at 10h30 ... more

17 April 2008 --- 2008 Production Statistics Quarter 1
Palabora Mining Company, a member of the Rio Tinto Group of Companies,situated in the Ba-Phalaborwa area of Limpopo, operates a large block cave copper mine and smelter complex...more

02 April 2008 --- Change to Directorate
With effect from 31 March 2008, the resignation of Mrs Jo-Ann Goh as non-executive director. Mrs Goh was ... more

13 February 2008 --- Change to Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE, Palabora hereby announces the following ...

04 February 2008 --- Reviewed preliminary results and dividend announcement
“Palabora is delivering as promised”, remarked Keith Marshall, the Group’s MD commenting on the results for fiscal year 2007. While there is always more work to be done" ...

21 January 2008 --- Trading Update
As required by the Listings Requirements of the JSE Limited, shareholders are advised that Palabora’s financial results for the year ended 31 December 2007 are expected to be as follows ...

18 January 2008 --- Fourth quarter 2007 – Operations overview and production statistics
Palabora Mining Company, a member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, operates a large block cave copper mine and smelter complex... more

6 December 2007 --- Capital Spending on Projects
Shareholders are advised that the board of directors of Palabora has approved funding of R 200 million during 2008 towards ...more

16 October 2007 --- Q3 2007 Production Statistics
Palabora Mining Company, a member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, operates a large block cave copper mine and smelter complex ... more

30 July 2007 --- Unaudited Interim Report
Commenting on the first half results, Keith Marshall, the Group’s Managing Director stated: “We are pleased to report another set of strong financial results...more

17 July 2007 --- Second quarter 2007 – Operations overview and Production Statistics
Palabora, a member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, operates ...more

21 May 2007 --- Changes to Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE, Palabora hereby announces the following appointment to its Board of Directors...more

08 May 2007 --- Sustainable Development Report 2006
Sustainable Development: Our Responsibility - Copper ore production increased to 30 193 tonnes per day.
Lost time injuries decreased from 22 in 2005 to 18 in 2006. ...more

16 April 2007 --- First Quarter 2007 --- Operations Overview and Production Statistics
Palabora, situated in the Ba-Phalaborwa area of Limpopo, operates South Africa's largest copper mine. After 40 years of mining from a large, open-pit operation, the ore is now extracted in an underground operation located immediately below the open pit...more

14 Febraury 2007 --- Changes to Directorate
In compliance with section 3.59 of the Listings Requirements of the JSE, Palabora hereby announces the following change to its Board of Directors...more

29 January 2007 --- Reviewed Preliminary Results
“Our sustained production improvement, coupled with the opportunistic sale of surface stockpiled material, has been handsomely rewarded by favourable copper prices.” Annual underground production (30,193tpd) exceeded design capacity (30,000tpd) for the first time...more

29 January 2007 --- Palabora CFO Presentation
Nedcor Securities Mid-Cap Conference Cape Town, SA...more

22 January 2007 --- Trading Update
As required by the JSE Listings Requirements, shareholders are advised that Palabora’s earnings for the year ended 31 December 2006 are expected to be as follows:
• Operating earnings between R1,065 million ...more

16 January 2007 --- Fourth Quarter 2006 – Operations Overview And Production Statistics
Palabora, situated in the Ba-Phalaborwa area of Limpopo, operates South Africa's largest copper mine. After 40 years of mining from a large, open-pit operation, the ore is now extracted in an underground operation located immediately below the open pit.... more

17 October 2006 --- Third Quarter 2006 – Operations Overview And Production Statistics
Palabora, situated in the Ba-Phalaborwa area of Limpopo, operates South Africa's largest copper mine. After 40 years of mining from a large, open-pit operation, the ore is now extracted in an underground operation located immediately below the open pit...more

3 August 2006 --- Redemption Announcement
In compliance with the Terms and Conditions of the Debentures, Palabora is required to redeem the remaining debentures on the Final Maturity Date, i.e. 18 September 2006...more

1 August 2006 --- Interim Report for the six months ended
Keith Marshall, the Group’s Managing Director commented on the results for the first half of 2006, stating ”We made good progress during the first half of 2006...more

30 June 2006 --- NOTICE OF ANNUAL GENERAL MEETING AND NO CHANGE STATEMENT
Notice is hereby given that the annual general meeting of the Company will be held at 1 Copper Road, Phalaborwa on 27 July 2006 at 08h00 to transact the business as stated in the notice of annual general meeting included in the Annual Report... more

12 June 2006 --- CHANGES TO DIRECTORATE
In compliance with section 3.59 of the Listings Requirements of the JSE, Palabora hereby announces the following changes to its Board of Directors: more...

30 March 2006 --- NOTIFICATION OF INTEREST RATE
Debenture holders are advised that the interest rate in respect of the interest period from 20 March 2006 to but excluding 18 September 2006...more

22 March 2006 --- UPDATE ON THE REVERBATORY FURNACE REBUILD
Palabora, situated in the Ba-Phalaborwa area of Limpopo, operates South Africa's largest copper mine. After 40 years of mining from a large, open-pit operation, the ore is now extracted in an underground operation located immediately below the open pit. Overall copper production is supplemented by imported copper concentrates from Zambia. more

22 February 2006 --- DEBENTURE INTEREST PAYMENT
Notice is hereby given by the Board that an interest payment in respect of the remaining 799 317 floating rate partially subordinated unsecured redeemable convertible debentures ("debentures") for the period from 19 September 2005 to 20 March 2006...more

14 February 2006 --- CLOSURE OF THE ZIRCONIUM BASIC SULPHATE ("ZBS") PLANT
Shareholders are referred to the 2004 Annual Report, Interim Report of 30 June 2005 and reviewed Preliminary Results for the year ended 31 December 2005 wherein it was reported that Maxima Investment Consolidated (Maxima) defaulted on its agreement relating to the purchase of the ZBS plant and the value of the plant was written off...more

8 February 2006 --- UPDATE ON THE REVERBATORY FURNACE REBUILD
This announcement is prepared to advise shareholders of a planned refurbishment at Palabora. ... more

1 February 2006 --- REVIEWED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2005
Palabora, situated in the Ba-Phalaborwa area of Limpopo, operates South Africa’s largest copper mine. After 40 years of mining from a large, open-pit operation, the ore is now extracted in an underground operation located immediately below the open pit...more

18 Januray 2006 --- CHANGE TO THE DIRECTORATE
In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Palabora hereby announces the following change to its Board of Directors...more

17 January 2006 - Cautionary Announcement
In accordance with the JSE Limited Listings Requirements, shareholders and debenture holders are advised that the progressive cave induced surface subsidence has introduced a considerable amount of waste material into the bottom of the open pit. ...more

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