Participation in the Abra Lead Mine Development Project
First written in FY2019-Q3. 10 of 15 entries say "Advanced", first in FY2019. Latest entry: FY2025-H1.
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- FY2025-H1DroppedAnnual report
「In the previous consolidated fiscal year, the entire carrying amount of the company's shares was impaired, and the company was excluded from the scope of the equity method because the Company no longer had significant influence.」
The Company's continued involvement in Abra's mining operations and development ended with the commencement of voluntary administration proceedings, the full impairment of the carrying amount of the shares and exclusion from the equity method. - FY2024MaterialisedAnnual report
「In April, as discussions on support measures stalled and the likelihood of short-term liquidity difficulties increased, the Abra Board of Directors resolved to commence voluntary administration proceedings under Australian company law.」
Abra continued to fall short of its plan and experienced worsening liquidity even after commencing full-scale operations, culminating in a resolution to commence voluntary administration proceedings. - FY2024-Q3WorsenedAnnual report
「The Abra mine, which commenced full-scale operations in January 2023, recorded an equity-method investment loss of ¥2.6 billion due to unstable operations during the initial start-up stage and interest expenses associated with development.」
Even after commencing full-scale operations, the Abra mine recorded an equity-method investment loss of ¥2.6 billion due to unstable operations during the initial start-up stage and interest expenses, worsening the earnings performance of the development project. - FY2024-Q2AdvancedAnnual report
「The Abra mine, which commenced full-scale operations in January 2023, recorded an equity-method investment loss of slightly less than ¥2 billion due to initial start-up losses and interest expenses associated with development.」
The Abra Lead Mine moved into the full-scale operating stage, while guarantees of borrowings from financial institutions increased from ¥5,875 million at the end of the previous fiscal year to ¥6,581 million. However, an equity-method investment loss arose due to initial operating losses and interest expenses associated with development. - FY2024-Q1AdvancedAnnual report
「The Abra mine, which commenced full-scale operations in the quarter, incurred losses ahead of earnings due to factors associated with the initial start-up stage.」
The Abra Lead Mine commenced full-scale operations and reached the operating stage from the development stage. However, losses preceded earnings in the quarter due to initial start-up factors. - FY2023AdvancedAnnual report
「January 2023: Operations commenced at the Abra Lead Mine, which was being developed through a joint investment with Australia's Galena Mining Limited.」
The Abra Lead Mine commenced operations in January 2023, and the development project reached the operating stage following the investment. - FY2023-Q3AdvancedAnnual report
「Abra Mining Pty Limited ¥3,182 million ¥5,838 million」
The guarantee of borrowings from financial institutions for Abra Mining Pty Limited increased from ¥3,182 million at the end of March 2022 to ¥5,838 million, making the financial involvement in the Abra Lead Mine Development Project increasingly concrete. - FY2023-Q2AdvancedAnnual report
「Abra Mining Pty Limited ¥3,182 million ¥6,371 million」
The guarantee for Abra Mining Pty Limited increased from ¥3,182 million at the end of March 2022 to ¥6,371 million. Additional investment was also made in an affiliate, making the financial involvement in the Abra Lead Mine Development Project increasingly concrete. - FY2023-Q1AdvancedAnnual report
「Abra Mining Pty Limited ¥3,182 million ¥4,647 million」
The guarantee for Abra Mining Pty Limited increased from ¥3,182 million at the end of the previous fiscal year to ¥4,647 million, making the financial involvement in the Abra Lead Mine Development Project increasingly concrete. - FY2022AdvancedAnnual report
「During the consolidated fiscal year, the Company's consolidated subsidiary subscribed for a third-party allotment by Abra Mining Pty Limited, which consequently became an equity-method affiliate.」
Additional investment in Abra increased the ownership interest from 22.7% to 40.0%. The subscription amount was ¥3,299 million, guarantees for borrowings amounted to ¥3,182 million, and shares pledged as collateral amounted to ¥8,483 million. - FY2022-Q3AdvancedAnnual report
「Abra Mining Pty Limited － 〃 1,380 〃」
The guarantee of borrowings from financial institutions for Abra Mining Pty Limited amounted to ¥1,380 million, demonstrating the continued and increasingly concrete financial involvement in the Abra Lead Mine Development Project. - FY2022-Q2AdvancedAnnual report
「As additional investment was made in a new mine during the quarter, expenditures increased. Abra Mining Pty Limited - Same as above 1,343 Same as above」
Additional investment in the new mine was made, and a ¥1,343 million guarantee of borrowings from financial institutions for Abra Mining Pty Limited was also recognized. This indicates progress in the financing of the Abra project following the investment. - FY2020AchievedAnnual report
「During the consolidated fiscal year, the Company's consolidated subsidiary subscribed for a third-party allotment by Abra Mining Pty Limited, which consequently became an equity-method affiliate.」
The investment in the Abra Lead Mine Development Project through CBH was completed, and Abra Mining Pty Limited became an equity-method affiliate. - FY2019AdvancedAnnual report
「The transaction was approved by the Board of Directors on 9 April 2019, and the agreement was signed on the same day.」
The plan to acquire a 40% interest in AMPL for 90 million Australian dollars was formalized through the execution of an investment agreement and a shareholders' agreement for the Abra Lead Mine Development Project. The investment was scheduled to be completed during the fiscal year ending March 2020, with production scheduled to begin in 2021. - FY2019-Q3First statedAnnual report
「CBH or one of its subsidiaries will subscribe for a ¥90 million Australian dollar third-party allotment by Abra Mining Pty Limited (AMPL), a wholly owned subsidiary of Galena, and will hold 40% of AMPL's shares.」
The parties agreed to the basic terms for participating in the Abra Lead Mine Development Project through CBH. The plan was to invest 90 million Australian dollars to acquire a 40% interest in AMPL, arrange financing and obtain offtake rights, with the aim of signing a definitive agreement and completing the investment by the end of March 2019 and contributing to future earnings after production commenced as scheduled in 2021.