❓ Hon. Sally Talbot asks the Minister for Mines and Petroleum about the tonnage of lead Magellan Metals needs to export to meet earnings targets outlined in their Esperance Contribution Agreement. The Minister provides an estimate based on current lead prices and Ivernia's published cash costs.
AnsweredQoN 270Legislative Council
QuestionView source ↗
IVERNIA AND MAGELLAN METALS — ESPERANCE CONTRIBUTION AGREEMENT
I refer the minister to the media statement released by Ivernia entitled “Ivernia Announces Esperance Contribution Agreement”, which states that Magellan Metals Pty Ltd will make — … three equal payments of A$3 million on December 31, 2009, December 31, 2010 and June 30, 2011 subject to Magellan achieving set cumulative earnings targets beginning January 1, 2009. The earnings targets are A$6 million, A$12 million and A$18 million respectively by the three repayment dates. What tonnage of lead would need to be exported at today’s prices by Magellan to meet earnings targets of $6 million, $12 million and $18 million? Hon NORMAN MOORE
I refer the minister to the media statement released by Ivernia entitled “Ivernia Announces Esperance Contribution Agreement”, which states that Magellan Metals Pty Ltd will make — … three equal payments of A$3 million on December 31, 2009, December 31, 2010 and June 30, 2011 subject to Magellan achieving set cumulative earnings targets beginning January 1, 2009. The earnings targets are A$6 million, A$12 million and A$18 million respectively by the three repayment dates. What tonnage of lead would need to be exported at today’s prices by Magellan to meet earnings targets of $6 million, $12 million and $18 million? Hon NORMAN MOORE
AnswerView source ↗
At today’s lead price and the latest available cash cost published by Ivernia, the quantity of contained lead would be approximately 9 000 tonnes, 18 000 tonnes and 27 000 tonnes respectively.
Hon NORMAN MOORE replied: At today’s lead price and the latest available cash cost published by Ivernia, the quantity of contained lead would be approximately 9 000 tonnes, 18 000 tonnes and 27 000 tonnes respectively.
At today’s lead price and the latest available cash cost published by Ivernia, the quantity of contained lead would be approximately 9 000 tonnes, 18 000 tonnes and 27 000 tonnes respectively.
Hon NORMAN MOORE replied: At today’s lead price and the latest available cash cost published by Ivernia, the quantity of contained lead would be approximately 9 000 tonnes, 18 000 tonnes and 27 000 tonnes respectively.
At today’s lead price and the latest available cash cost published by Ivernia, the quantity of contained lead would be approximately 9 000 tonnes, 18 000 tonnes and 27 000 tonnes respectively.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.