Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Orocobre Limited    ORE   AU000000ORE0

OROCOBRE LIMITED

(ORE)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Orocobre Limited : - Olaroz Operational Update

10/26/2020 | 10:14am EST

Over the weekend, Orocobre Limited (ORE: ASX ORL: TSX) (Orocobre or the Company) temporarily ceased operations at the Olaroz lithium facility to undertake cleaning of the site and rotation of staff following positive COVID-19 test results from 35 employees.

After successfully following the Orocobre Bio-Security Protocol, operations are expected to recommence early this week and the stoppage is not expected to materially affect operational nor financial results.

Eighteen of the 35 positive tests have been directly linked to a single person who had originally tested negative and was asymptomatic at the start of the shift roster. All direct, and subsequent contacts of that person were quickly isolated and tested. In addition, the remainder of the 189 employees within the operations were also tested and a further 17 people returned positive tests but were however, asymptomatic and not linked to the original person. All employees had tested negative at the start of the roster. Prior planning and adherence to the Bio-Security Protocol means personnel working on the expansion are not affected as they are routinely isolated from the operational workforce.

All infected employees remain in good health and the Company is providing support to them, their families and communities. The Company continues to work closely with the local government, health authorities and unions to minimise any further spread of the disease.

Argentina is currently recording up to 18,000 daily positive cases of COVID-19 and total reported infections in Argentina now exceed one million. The safety and well-being of employees, contractors, families and communities remains the number one priority and the Company will continue to adapt operational practices as required to ensure this is achieved.

Contact:

Andrew Barber

Tel: +61 7 3720 9088

Email: abarber@orocobre.com

Web: www.orocobre.com

About Orocobre Limited

Orocobre Limited (Orocobre) is a dynamic global lithium carbonate producer and an established producer of boron. Orocobre is dual listed on the Australia and Toronto Stock Exchanges (ASX: ORE), (TSX: ORL). Orocobre's interests include its Olaroz Lithium Facility in Northern Argentina, a material JORC Resource in the adjacent Cauchari Basin and Borax Argentina, an established boron minerals and refined chemicals producer. The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan.

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about OROCOBRE LIMITED
11/23OROCOBRE : Becoming a substantial holder - Becoming a substantial holder L1 Capi..
PU
11/19Alpha Lithium Hires Chemical Process Engineering Specialists to Advance Devel..
AQ
11/16OROCOBRE LIMITED : - Annual General Meeting Transcripts
AQ
11/16OROCOBRE LIMITED : - Retirement of Federico Nicholson
AQ
11/12OROCOBRE LIMITED : - Results of the 2020 Annual General Meeting
AQ
11/12OROCOBRE : 2020 AGM Presentation - ORE AGM Investor Presentation_FINAL_ASX versi..
PU
11/12OROCOBRE : 2020 AGM Results of Meeting - ORE ASX Announcement_2020 AGM Results_F..
PU
11/12OROCOBRE : 2020 AGM Transcripts - ORE ASX Release-AGM transcripts_FINAL.pdf
PU
11/12OROCOBRE : Retirement of Director - ORE ASX Release-Orocobre Director Retirement..
PU
11/12OROCOBRE : Retirement of Director from Orocobre Board
AQ
More news
Financials
Sales 2021 109 M 80,0 M 80,0 M
Net income 2021 -34,0 M -25,1 M -25,1 M
Net Debt 2021 117 M 85,9 M 85,9 M
P/E ratio 2021 -40,4x
Yield 2021 -
Capitalization 1 421 M 1 044 M 1 047 M
EV / Sales 2021 14,2x
EV / Sales 2022 8,04x
Nbr of Employees 548
Free-Float 97,2%
Chart OROCOBRE LIMITED
Duration : Period :
Orocobre Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends OROCOBRE LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 3,09 AUD
Last Close Price 4,13 AUD
Spread / Highest target 8,96%
Spread / Average Target -25,1%
Spread / Lowest Target -51,6%
EPS Revisions
Managers
NameTitle
Martín Pérez de Solay Chief Executive Officer, MD & Director
Robert Hubbard Non-Executive Chairman
Hersen Porta Chief Operating Officer
Neil Kaplan Chief Financial Officer & Joint Secretary
Richard Phillip Seville Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
OROCOBRE LIMITED51.32%1 056
SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A.80.40%12 673
THE SCOTTS MIRACLE-GRO COMPANY61.82%9 577
ICL GROUP LTD-4.31%6 008
PHOSAGRO26.20%5 168
PI INDUSTRIES LIMITED57.36%4 519