Member Info for tomcat-14

it is... i’ve been trying to fill in some of the blanks...
from what i’m reading in cliff’s accounts... all of that debt carried forward from the initial construction... was repaid in 2010... confirming anglo’s reports that revenue from the early years was capitalised... and commercial production achieved that year...

amapa up to 2008...
$990m to construct...
http://ir.mmx.com.br/Download.aspx?Arquivo=SPLUmB7SWuqN+JN7J3lm9g== ...
sold to anglo for around $2.5bn was it...
2008 production rates...
sinter 128kt...
pellet 584kt...
total 712kt...

haven’t managed to access zamin... to read any first hand reports and presentations relating to their... investment... re-development... progress... production... etc... before it was halted by the market conditions...

as for ob’s post... thurs 21:24... not yet... has anyone managed to get into zamin... for details of what happened during the period from when they bought 100% of amapa off aa... after the 2013 disaster at the port...

there are three categories of posters here on lse frankie... the ones who want and revel in the share price sinking... and the shareholders who want and revel in the share price rising...

https://ir.tesla.com/stock-information ...

from the original mmx ni 43-101 technical report dated 11may2007... amapa port facilities were capable of servicing panamax and capesize vessels... ship loading rate of 3ktph... loading a 125kt capesize vessel in ~2days... barging ?...
https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00025521&issuerType=03&projectNo=01122517&docId=1995567 ...

make that two moored up together there now... lol... busy start to the year...

another one moored up there now... definitely some activity going on...

there’s some good investor presentations on mmx amapa site... showing the capex they spent to develop it... before the sale to anglo... and the technical report is on sedar... don’t think i’ll sleep much until we get the rns after reading those...

no worries ob... i get the same ballpark... from page 116... ‘the group acquired a controlling interest’...
did you pick up how they capitalised revenue that year too... ‘not in commercial production’... i think something similar went on in 2012 as it was being transferred to assets for sale... to pay off some of the outstanding debt held against it... before it was sold...

how much of the $5.5bn was for amapa...

already got the ingredients frankie... just wondering if anyone has bothered to cook the cookie yet... did you manage to find what i was looking for there...

anyone worked out how much aa paid for amapa... when they acquired it in 2008...

boat in port... our port...

don’t you want to know where the missing revenue went then...

is it reasonable to then add the $175m further loss that they’ve booked in the 2013 accounts... giving a total $1,041m (70%)... $1,488m... or $1.5bn if you want to round it...
now then... can we keep this between me you and reuters... ok... ;)

the $866m you’ve been looking for in your post... comes from page 183...
$462m valuation of the amapa asset... plus the $404m loss booked on it’s transfer to assets held for sale...

if the exchange rate was more favourable in 2012 than it was in 2011... wouldn’t that have improved the numbers...

page 237...
the revenue from amapa sales decreased...
from $481m (2011)... to $327m (2012)... 68%...
giving an:...
underlying ebitda $147m (2011)... $89m (2012)... 61%...
underlying profit $120m (2011)... $54m (2012)... 45%...
underlying earnings $68m (2011)... $27m (2012)... 40%...