Operating and Profitability Risks at the Caserones Copper Mine
First written in FY2016. 6 of 24 entries say "Worsened", first in FY2018. Latest entry: FY2024-Q1.
ENEOS Holdings moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「In the basic materials business, profit increased despite the loss of profit in the current quarter associated with the sale of the Caserones Copper Mine, mainly due to foreign exchange valuation gains arising in connection with the sale. The transfer of 51% of the shares of SCM Minera Lumina Copper Chile to Lundin Mining Corporation was completed on 13 July.」
The transfer of 51% of the shares in the operating company of the Caserones Copper Mine was completed, implementing measures to reduce exposure to the resources business and introduce an external operating partner. - FY2023ReframedAnnual report
「Through this initiative, the company will further concentrate management resources on priority areas, centered on the advanced materials business, while seeking to reduce volatility in the resources business and strengthen its long-term earnings base.」
The response to Caserones' operational and profitability risks changed toward combining the introduction of an external partner with operating capabilities and a reduction in the resources business stake. - FY2023-Q1WorsenedAnnual report
「In the resources business, production at the Caserones Copper Mine in Chile increased from the same period of the previous year, but profit declined mainly due to lower copper prices.」
Although production increased, the resources business posted lower profit mainly due to lower copper prices, and Caserones' profitability risk once again became evident in the results. - FY2022WorsenedAnnual report
「In the Resources Business, production at the Caserones Copper Mine declined due to the impact of a strike, but earnings increased, mainly because of higher copper prices.」
Production at the Caserones Copper Mine actually declined due to a strike, bringing operational risk to the surface. - FY2022-Q2WorsenedAnnual report
「In the resources business, production at the Caserones Copper Mine in Chile declined from the same period of the previous year, partly due to the impact of a strike, but profit increased mainly due to higher copper prices.」
Production at the Caserones Copper Mine declined year on year, partly due to the impact of a strike, bringing operational risk to the surface. Meanwhile, the resources business posted higher profit due to higher copper prices. - FY2022-Q1Production decline coexisting with profit growth driven by higher copper pricesAnnual report
「In the resources business, production at the Caserones Copper Mine in Chile declined from the same period of the previous year, but profit increased mainly due to higher copper prices. The company is also continuing efforts to improve productivity and reduce costs at the mine.」
Production at Caserones continued to decline, but the resources business posted higher profit due to higher copper prices. Efforts to improve productivity and reduce costs in response to operational challenges are also continuing. - FY2021-Q3WorsenedAnnual report
「Production at the Caserones Copper Mine declined from the same period of the previous year, partly due to the impact of COVID-19. In light of these circumstances, the company determined that its long-term production plan needed to be revised, revalued the assets based on the revised plan, and recorded an impairment loss of ¥69.4 billion.」
In addition to the year-on-year decline in production, an impairment loss of ¥69.4 billion was incurred following the revision of the long-term production plan, making the operating and profitability risks increasingly evident in the results. - FY2021-Q1WorsenedAnnual report
「In the Resources Business, production at the Caserones Copper Mine in Chile decreased from the previous corresponding period. At the mine, efforts are under way to improve productivity, reduce costs and minimize the impact of the spread of COVID-19.」
Production at the Caserones Copper Mine declined year on year, adding new pressure, including the impact of COVID-19, to the previous trend of improving operations and profitability. - FY2020MitigatedAnnual report
「At the Caserones Copper Mine, the introduction of automated control programs improved throughput, while rigorous cost control enabled the company to remain in operating profit, as in the previous period,」
Caserones remained in operating profit for a second consecutive period through automated control and cost management, indicating improvements in operations and profitability. External pressures, including lower copper prices, remain separately. - FY2020-Q3RestatedAnnual report
「In the Resources Development Business, production at the Caserones Copper Mine in Chile increased from the previous corresponding period.」
Operational improvement from higher production at the Caserones Copper Mine continued to be reported in the second quarter. - FY2020-Q2MitigatedAnnual report
「In the Resources Development Business, production at the Caserones Copper Mine in Chile increased from the previous corresponding period.」
Production at the Caserones Copper Mine increased year on year, continuing to indicate operational improvement. The disclosure also cites other pressures, including less favorable purchase terms for copper ore. - FY2020-Q1Higher production alongside weak copper pricesAnnual report
「In the Resources Development Business, production at the Caserones Copper Mine in Chile increased, but copper prices were below the level of the previous corresponding period.」
Higher production at Caserones improved operations, while lower copper prices put pressure on profitability. - FY2019MitigatedAnnual report
「In the Resources Development Business, earnings increased by ¥130.3 billion year on year, mainly because production at Caserones increased and the impairment loss recognized at Caserones in the previous corresponding period was reversed.」
Higher production at Caserones and other factors improved earnings in the Resources Development Business year on year, indicating a reduction in operating and profitability risks. - FY2019-Q3MitigatedAnnual report
「In the Resources Development Business, earnings improved from the previous corresponding period, mainly because production increased at the Caserones Copper Mine in Chile.」
Higher production at the Caserones Copper Mine improved earnings in the Resources Development Business year on year, indicating a temporary reduction in operating and profitability risks. - FY2019-Q2Improved earnings from higher copper pricesAnnual report
「In the Resources Development Business, earnings improved from the previous corresponding period, mainly because copper prices rose year on year. At the Caserones Copper Mine in Chile, an organization was established to manage the project flexibly and centrally, and efforts are under way to further improve productivity and reduce costs.」
Higher copper prices improved earnings in the Resources Development Business year on year. At the Caserones Copper Mine, productivity improvements and cost reductions are continuing under the centralized management organization. - FY2018WorsenedAnnual report
「As a result, a revaluation of the mine's assets led to the recognition of an impairment loss of ¥128.6 billion.」
At the Caserones Copper Mine, an impairment loss of ¥128.6 billion was recognized following a review of the long-term production plan that took into account operating costs, lower winter production, environmental compliance costs and geological faults. - FY2018-Q3Improved earnings from higher copper prices alongside an operational shutdownAnnual report
「In the Resources Development Business, earnings improved from the previous corresponding period, mainly because copper prices rose year on year. At the Caserones Copper Mine in Chile, operations were suspended for approximately 20 days in May 2017, during the winter season, due to heavy snowfall and strong winds.」
While higher copper prices improved earnings in the Resources Development Business, the Caserones Copper Mine experienced an approximately 20-day operational shutdown due to heavy snowfall and strong winds. - FY2018-Q2Improved profitability from higher copper prices alongside an operational shutdownAnnual report
「In the Resources Development Business, earnings improved from the previous corresponding period, mainly because copper prices rose year on year. At the Caserones Copper Mine in Chile, operations were suspended for approximately 20 days in May 2017, during the winter season, due to heavy snowfall and strong winds.」
While higher copper prices improved earnings in the Resources Development Business, the Caserones Copper Mine experienced an approximately 20-day operational shutdown due to heavy snowfall and strong winds. - FY2018-Q1MaterialisedAnnual report
「At the Caserones Copper Mine in Chile, operations were suspended for approximately 20 days in May 2017, during the winter season, due to heavy snowfall and strong winds.」
The Caserones Copper Mine actually suspended operations for approximately 20 days due to heavy snowfall and strong winds, bringing operating risk to the fore. - FY2017MaterialisedAnnual report
「The amount includes an impairment loss of ¥80.235 billion recognized in connection with machinery, equipment and transport equipment at the Caserones Copper Mine.」
While operational improvements were reported, an impairment loss of approximately ¥80.2 billion was recognized at Caserones in the fiscal year, bringing profitability risk to fruition. - FY2017-Q3Improved throughput alongside weak profitabilityAnnual report
「In the Resources Development Business, copper prices rose from November onward, but the period-average price declined from the previous corresponding period, resulting in earnings below the previous corresponding period.」
At Caserones, ore throughput reached approximately 90% of the full-production level, while the decline in the period-average copper price left earnings in the Resources Development Business below the previous corresponding period. - FY2017-Q2RestatedAnnual report
「In the Resources Development Business, earnings were below the level of the previous corresponding period, mainly because copper prices declined year on year. At the Caserones Copper Mine in Chile, preparations for the tailings storage facility for waste rock generated during copper concentrate production are on track, and the facilities are now capable of full production.」
While the facilities have remained capable of full production, earnings in the Resources Development Business remained below the previous corresponding period due to lower copper prices, with operating and profitability trends continuing to diverge. - FY2017-Q1Operational progress alongside deteriorating profitabilityAnnual report
「In the Resources Development Business, earnings were below the level of the previous corresponding period, mainly because copper prices declined year on year. At the Caserones Copper Mine in Chile, preparations for the tailings storage facility for waste rock generated during copper concentrate production are on track, and the facilities are now capable of full production.」
While the facilities became capable of full production, earnings in the Resources Development Business fell below the previous corresponding period due to lower copper prices and other factors, with operating and profitability risks moving in different directions. - FY2016First statedAnnual report
「Production assets for copper concentrates and other products Caserones Mine Total (impairment loss) 321,709」
An impairment loss of ¥80.2 billion was recognized for the Caserones Mine in the fiscal year, with operating and profitability issues reflected in the results.