Key Developments: Nittetsu Mining Co Ltd (1515.T)

1515.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nittetsu Mining raises year-end dividend forecast for FY 2014
Thursday, 8 May 2014 12:00am EDT 

Nittetsu Mining Co Ltd:Sees year-end dividend of 5 yen per share (including 1.5 yen as bonus dividend), raised from 3.5 yen per share, for fiscal year ended March 2014.  Full Article

Nittetsu Mining Co Ltd raises consolidated full-year outlook for FY 2014
Friday, 2 May 2014 02:00am EDT 

Nittetsu Mining Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 114,000 million yen from 103,000 million yen for the fiscal year ended March 2014.Operating profit forecast increased to 9,500 million yen from 8,000 million yen.Ordinary profit forecast increased to 8,900 million yen from 7,500 million yen.Net profit forecast increased to 3,800 million yen from 3,000 million yen.Earnings per share increased to 45.64 yen from 36.03 yen.Comments that sales increase of limestone and electrolytic copper and electrolytic copper price rise, as well as sales increase of subsidiary are the main reasons for the forecast.  Full Article

Kasbah Resources Ltd signs shareholders agreement with Toyota Tsusho Corp and Nittetsu Mining Co Ltd for development of Achmmach
Monday, 14 Apr 2014 09:27pm EDT 

Kasbah Resources Ltd:Signs shareholders agreement with Toyota Tsusho Corp (TTC) and Nittetsu Mining Co Ltd (NMC).Shareholders agreement records terms and conditions on which Kasbah, TTC and NMC propose to associate themselves together through Atlas Tin SAS as incorporated joint venture to carry out development and proposed eventual mining of Achmmach Tin Project.Atlas Tin is currently wholly owned subsidiary of Kasbah.Shareholders agreement will not become binding on any party until commencement date.NMC has now satisfied all conditions required to acquire 5 pct. interest in Atlas Tin. NMC will have right to 5 pct. of all production from project at fair market price.TTC's right to acquire 20 pct. interest in Atlas Tin (and right to 20 pct. of production from project at fair market price) remains subject to TTC making final payment under their MoU before June 30.On completion of final payment by TTC it is expected that Atlas Tin will become a 75 pct. Kasbah, 20 pct. TTC and 5 pct. NMC owned entity managed by Kasbah Resources Ltd.  Full Article

Nittetsu Mining Co Ltd expects extraordinary loss for FY 2014
Thursday, 23 Jan 2014 01:00am EST 

Nittetsu Mining Co Ltd:Says to record 1,340 million yen extraordinary loss on impairment of mining right for the fiscal year ending Mar. 2014.  Full Article

Nittetsu Mining Co Ltd Amends Consolidated Full-year Forecast for FY 2014
Monday, 4 Nov 2013 11:00pm EST 

Nittetsu Mining Co Ltd announced that it has raised the consolidated full-year forecast for revenue from JPY 100,000 million to JPY 103,000 million, operating profit from JPY 6,000 million to JPY 8,000 million, ordinary profit from JPY 6,000 million to JPY 7,500 million, reaffirmed the forecast for net profit of JPY 3,000 million and earning per share of JPY 36.03 for the fiscal year ending March 31, 2014. The Company raised the consolidated full-year forecast due to increased sales of lime stone.  Full Article

Nittetsu Mining Co Ltd Expects Extraordinary Loss for FY 2014
Monday, 4 Nov 2013 11:00pm EST 

Nittetsu Mining Co Ltd announced that it expects JPY 1,340 million extraordinary loss on impairment of mining right for the fiscal year ending March 2014.  Full Article

Nittetsu Mining Co Ltd to Acquire Company from Nippon Steel & Sumitomo Metal Corp
Friday, 2 Aug 2013 12:00am EDT 

Nittetsu Mining Co Ltd announced that it has decided to acquire 2,800,000 shares (a 70% stake) in a Japan-based coal mining company, from Nippon Steel & Sumitomo Metal Corp, for approximately JPY 3,615 million, on October 1, 2013.  Full Article

Kasbah Resources Ltd Signs MOU With Nittetsu Mining Co Ltd To Acquire 5% Of Achmmach Tin Project For AUD7.25 Million
Tuesday, 25 Jun 2013 10:13pm EDT 

Kasbah Resources Ltd announced that has signed a Memorandum of Understanding (MOU) with Nittetsu Mining Co Ltd (Nittetsu Mining) of Japan setting out the terms under which it may acquire a 5% interest in the joint venture entity (JV Entity) that will develop the Achmmach Tin Project in Morocco (Project). Under the terms of this MOU, Nittetsu Mining will pay AUD7,250,000 for the right to acquire a 5% interest in the project. Nittetsu Mining will also be entitled to a minimum of 5% of the tin production from the Project based on mutually agreed market terms.  Full Article

Nittetsu Mining Co Ltd Raises Consolidated Full-year Outlook for FY 2013
Tuesday, 7 May 2013 02:00am EDT 

Nittetsu Mining Co Ltd announced that it has raised its consolidated full-year outlook for revenue from JPY 100,000 million to JPY 102,000 million, operating profit from JPY 6,500 million to JPY 8,600 million, ordinary profit from JPY 6,000 million to JPY 7,200 million, net profit from JPY 3,000 million to JPY 3,800 million and earning per share from JPY 36.03 to JPY 45.64 for the fiscal year ended March 31, 2013. The positive outlook is mainly due to increase of sales of limestone.  Full Article

Nittetsu Mining Co Ltd to Merge with Subsidiary
Friday, 21 Dec 2012 01:00am EST 

Nittetsu Mining Co Ltd announced that it has decided to merge with a wholly owned subsidiary, which is engaged in provision and marketing of geothermal steam and hot water, effective April 1, 2013.  Full Article

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