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General Information

Mirabela Nickel Limited
MBN
http://www.mirabela.com.au
Diversified Metals & Mining
102
930

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.11 $0.11 $0.12 $0.11 $0.11 247420 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Mirabela Nickel Limited (MBN) is an international mineral resource company engaged in the exploration, mining, production and sale of nickel concentrate. MBN's principal asset is the 100% owned Santa Rita nickel sulphide operation in Brazil.
Strategy Analysis
Construction of the Santa Rita plant is now complete with production commencing in late 2009. Throughput capacity has since been increased to 7.2Mtpa with further expansion to 9.0Mtpa likely. Drilling is ongoing and resource extension is targeted through extension of the current open-pit mine and from a potential underground resource. Mirabela Nickel reported a net loss of US$452.88m for the year ended 31 December 2012. Revenues from ordinary activities were US$273.42m, up 11.9% from last year. Diluted EPS was (0.62) US cents compared to (0.10) US cents last year. The net operating cash inflow was US$4.72m compared to an outflow of $18.57m in the pcp. No dividend was declared.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -51.1 -4.1 0.0% 0.0 0.0 0.0% 0.0%
2013 A -551.9 -63.0 0.0% 0.0 0.0 0.0% 0.0%
2012 A -436.1 -60.0 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $86,716M 0.1223 -0.2501 -0.3978 11.1451 14.8629 24.6823 4.31% 5.94% 5.94%
Iluka Resources (ILU) $3,295M -0.5350 1.4446 0.6618 55.1893 22.5760 13.5854 2.41% 3.67% 4.88%
Mirabela Nickel (MBN) $102M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Rio Tinto (RIO) $22,495M -0.1938 -0.4311 0.0823 8.5666 15.0576 13.9128 4.94% 5.53% 5.82%
South32 (S32) $9,716M 0.0000 0.0000 -0.0759 0.0000 10.5797 11.4492 0.00% 0.00% 4.25%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 -9.32 0.00
Market 0.91 16.10 1.33 1.27
Sector 0.72 11.80 0.66 0.34

Directors

Name Position Start Date
Ms Maryse Belanger Chief Executive Officer, Managing Director 27/06/2014
Mr Richard Willcock Company Secretary 12/06/2012
Mr Mark Milazzo Non-Executive Director 25/06/2014
Mr Ross Edward Griffiths Non-Executive Director 25/06/2014
Mr Richard Newsted Non-Executive Director 25/06/2014
Mr Alastair McKeever Non-Executive Director 06/08/2014

Management

Name Position
Mr Christiaan Els Chief Financial Officer
Mr Milson Mundim Chief Financial Officer
Dr Linda Tompkins Company Secretary

Substantial Shareholders

Holding Name
302,748,498 (32.56%) HSBC Custody Nominees (Australia) Limited
112,893,520 (12.14%) National Nominees Limited
52,404,597 (5.64%) Hare & Co LLC
46,776,238 (5.03%) JP Morgan Nominees Australia Limited

Calendar of Events

Date Event
28 April 2016 Report (Quarterly)
25 March 2016 Report (Annual)
29 February 2016 Report (Prelim)
15 February 2016 Report (Quarterly)
23 October 2015 Report (Quarterly)
25 August 2015 Report (Interim)
30 July 2015 Report (Quarterly)
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