OM Holdings Limited

Published : October 30th, 2015

September 2015 Quarterly Production and Market Update

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Keywords :   China | K Street | Malaysia | Manganese | Market | Singapore |

September 2015 Quarterly Production and Market Update

58571b53-689d-436c-b6f1-a930c8c58a9f.pdf

OM HOLDINGS LIMITED

(ARBN 081 028 337)





No. of Pages Lodged: 8 30 October 2015

ASX Market Announcements ASX Limited

4th Floor

20 Bridge Street

SYDNEY NSW 2000


Dear Sir/Madam


SEPTEMBER 2015 QUARTERLY PRODUCTION AND MARKET UPDATE


The Board of OM Holdings Limited ('OMH' or 'the Company') is pleased to provide the following update.


HIGHLIGHTS

OPERATING PERFORMANCE


OM SARAWAK (75%, Samalaju, Malaysia)


  • Ferrosilicon produced during the September 2015 quarter of 29,179 tonnes


  • Overall construction progress of Phase 1 of the OM Sarawak ferrosilicon production facility (expressed in terms of cumulated earned value) stands at approximately 97.0% at the end of September 2015


  • Completed testing and commissioning of Workshops B01 to B03 which have achieved commercial production during the quarter


  • Workshop B04 has started testing and commissioning in September 2015


  • Workshop B05 is near completion of equipment installation


    EXPLORATION AND MINING (OMM, 100% owned Bootu Creek Manganese Mine)


  • September 2015 quarterly manganese ore production of 223,551 tonnes grading 35.79%


  • September 2015 quarterly manganese ore shipments of 229,427 dry tonnes (240,332 wet tonnes) grading 35.40%



#08 - 08, Parkway Parade

80 Marine Parade Road, 449269 Singapore

Tel: 65-6346 5515 Fax: 65-6342 2242

Email address: [email protected] Website: www.omholdingsltd.com ASX Code: OMH



PROCESSING (OMQ, 100% owned Smelter and Sinter Plant in Qinzhou)


  • OMQ resumed production with one furnace on 28 April 2015 with total production of 11,422 tonnes of High Carbon Ferro Manganese ('HCFeMn') during the September 2015 Quarter


  • HCFeMn sold during the quarter of 7,473 tonnes


    MARKETING AND TRADING, AND MARKET UPDATE


  • 616,790 tonnes of equity and third party ores and alloys were transacted during the quarter. These included approximately 16,497 tonnes of ferrosilicon from our smelter in Sarawak


  • China's crude steel production between July to September 2015 amounted to 198.9 million tonnes, representing a 4.28% quarter-on-quarter decrease


  • World crude steel production for the September 2015 Quarter was 396.1 million tonnes, representing a 3.36% quarter-on-quarter decrease

OM MATERIALS (SARAWAK) SDN BHD ('OM Sarawak') (75%, Samalaju, East Malaysia)


OM Sarawak owns a Ferro Alloy Smelting Project in the Samalaju Industrial Park in Sarawak, Malaysia (the 'Project'). The Project consists of 8 Main Workshops and a total of 16 units of

25.5 MVA furnaces with a design capacity to produce 308,000 tonnes of ferrosilicon alloys per annum.


As at the end of September 2015, Plant A (consisting of A01, A02 and A03 Workshops) and three workshops of Plant B (consisting of the B01, B02 and B03 Workshops) have achieved

commercial production. With the additional production capacity of the three workshops of Plant B, a total of 29,179 tonnes of ferrosilicon was produced in the 3rd quarter of 2015.


Main Workshop B04 has commenced testing and commissioning in September 2015. Main Workshop B05, the last workshop for Plant B, is nearing completion of installation works.


Commercial operation


OM Sarawak continues to improve the operating efficiency of each furnace currently in production. With the addition and successful tapping from furnaces 7 to 12 of the B01 to B03 Workshops during the current quarter, the production output of ferrosilicon continues to move towards meeting the nameplate production capacity of 308,000 tonnes of ferrosilicon alloy per annum.


During the September 2015 Quarter, a total of 29,179 tonnes of ferrosilicon was produced, representing an increase of 12,885 tonnes compared to the June 2015 Quarter.


Construction


The overall construction progress expressed as the cumulated earned project value was approximately 97.0% at the end of September 2015.


EPC's delivery and performance


The EPC contract works for civil, structural, equipment fabrication and installation work's cumulated earned value was approximately 97.0% complete at the end of the September 2015 Quarter.


The major milestones achieved during the current quarter were the successful commencement of commercial production of Workshops B01 to B03 and the initiation of testing and commissioning for the B04 Workshop.


The majority of the civil and structural works in Plant B has been completed, with only minor fine-tuning work left to be done. Equipment installation work for the final remaining B05 Main Workshop is currently progressing well and also near completion.


B05 Belt Conveyor system installation



Panoramic view of phase 1

Read the rest of the article at www.noodls.com
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OM Holdings Limited

PRODUCER
CODE : OMH.AX
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OM Holdings is a producing company based in Bermuda.

OM Holdings produces manganese in Australia.

Its main asset in production is BOOTU CREEK MINE in Australia.

OM Holdings is listed in Australia. Its market capitalisation is AU$ 381.4 millions as of today (US$ 252.2 millions, € 234.2 millions).

Its stock quote reached its lowest recent point on January 08, 2016 at AU$ 0.03, and its highest recent level on October 18, 2018 at AU$ 1.70.

OM Holdings has 733 419 968 shares outstanding.

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Nominations of OM Holdings Limited
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Financials of OM Holdings Limited
8/30/20161H 2016 Interim Financials
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9/25/2009(Bootu Creek Mine)Wins Key Northern Territory Export Award for the Second Year
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4/26/2016March 2016 Quarterly Production & Market Update
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1/15/2016OM (Manganese) Ltd - Voluntary Administration
12/15/2015Bootu Creek Manganese Project-Suspension of Mining Operation
11/5/2015OMH Presentation
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8/28/2015Half Year Accounts 2015
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3/31/2015Audited Financial Statements for year ended 31 December 2014
3/31/2015Completion of Sale of 5% Interest in Sarawak Project
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10/30/2014September 2014 Quarterly Production and Market Update
10/22/2009Quarterly Report for period ended 30 September 2009
9/28/2009Media Conference, 11am (AEST) - Sydney and Dial In
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5/27/2009Confirms New Manganese Production Strategy
1/30/2009OMH Group Achieves Record Annual Production at Australian an...
1/15/2009Results Of Special General Meeting
1/7/2009Letter to Shareholders
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12/23/2008Ltd: Adoption of Takeover Protection Provisions (Notice of M...
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