1af91016-993e-4e9f-b3fb-5b9bb28f04bb.pdf
OM HOLDINGS LIMITED
(ARBN 081 028 337)
No. of Pages Lodged: 2 - Covering pages
119 - Annual Report 2015
26 April 2016
ASX Market Announcements ASX Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
2015 ANNUAL REPORT
Please find attached a copy of the 2015 Annual Report for OM Holdings Limited.
Yours faithfully
OM HOLDINGS LIMITED
Heng Siow Kwee/Julie Wolseley
Company Secretary
#08 - 08, Parkway Parade 1
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
BACKGROUND PROFILE OF OM HOLDINGS LIMITED
OMH Holdings Limited (OMH) was listed on the ASX in March 1998 and has its foundations in metal materials trading - incorporating the sourcing and distribution of manganese ore products.
OMH is involved in mining manganese product in Australia and South Africa and smelting in Sarawak, East Malaysia.
The smelter in Sarawak is 75% owned by OMH and physical construction of Phase 1 of the ferrosilicon production facility has been completed.
Having commenced construction in Q3 2012, first tapping was achieved on 22 September 2014. The facilities' capacity of 308,000 tonnes per annum will make it one of the largest ferrosilicon smelters in the world. Manganese Alloy production is under review and is expected to commence in 2016.
OMH, through a wholly owned subsidiary, owns the Bootu Creek manganese mine in the Northern Territory. This mine has the capacity to produce up to 1,000,000 tonnes of manganese product per annum.
OMH also owns a 26% investment in Main Street 774 (Pty) Limited, which, in turn owns 50.1% interest in the world class Tshipi Borwa ("Tshipi") manganese mine in South Africa. This mine has the capacity to produce up to 2,400,000 tonnes of manganese product per annum when the permanent processing plant is completed.
The manganese products of Bootu Creek, and those from Tshipi, are exclusively marketed through OMH's trading division, OM Materials (S) Pte Ltd, and OM Tshipi Pte Ltd (33.33% owned) respectively. Through all these activities OMH has established itself as a significant manganese supplier to the global market.
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CONTENTS
Chairman and Chief Executive Officer's Report 1
Directors 4
Key Management 6
Corporate Directory 7
Corporate Structure 8
Financial Highlights 9
OMH Group Overview 10
Construction and Operational Review 12
Processing Operations Review 14
Marketing and Trading Operations Review 15
OMM Mining Operations Review 16
Tshipi é Ntle Manganese Mining (Pty) Ltd (Tshipi) 19
Directors' Report 21
Statement by Directors 24
Independent Auditor's Report 25
Statements of Financial Position 26
Consolidated Statement of Comprehensive Income 27
Consolidated Statement of Changes in Equity 28
Consolidated Statement of Cash Flows 29
Notes to the Financial Statements 31
Corporate Governance 98
ASX Additional Information 114