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NIUMINCO GROUP LIMITED (NIU)

Suspended from ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of NIU: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Services Level 5 126 Phillip Street Sydney NSW 2000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000NIU7
Address: Suite 50, 14 Narabang Way, Belrose NSW 2085
Tel:  +61 2 9450 0828 Fax: 

Date first listed: 09/12/1986
Company Secretary: Mark Ohlsson
Sector: Materials Industry Group: XMJ
Activities: Operation of fishing vessels
OFX Transferring Money Internationally to Free

The recently approved share consolidation has occurred, resulting in the company's issued capital now being 140,009,830 fully paid ordinary shares. Shareholder statements have been despatched.

16/10/2020

The company releases its revised results of meeting.

12/10/2020

The company releases the results of its meeting.

09/10/2020

The company has entered into an agreement with Australian Finegrain Marble Pty Ltd to purchase a 90% direct interest in three (3) mining leases (ML 20513, ML 20515 and ML 20516 granted under the Queensland Mining Act 1989) at Chillagoe in Far North Queensland. Final completion is subject to registration of the transfers with the relevant Queensland Government department.

30/09/2020

The company's 2019 AGM will be held at Narrabeen Beach Surf Life Saving Club, Ocean Street (corner Albert Street), Narrabeen NSW Australia at 11.00am (AEDT) on Friday, 9 October 2020.

09/09/2020

The company's AGM will be held at Narrabeen Beach Surf Life Saving Club, Ocean Street (corner Albert Street), Narrabeen NSW Australia on 9 October, 2020 commencing at 11.00 am.

09/09/2020

The company advises of an amendment/correction to the term of the Edie Creek mining lease ML511 announced in the June 2020 Quarterly Activities Report. NIU sought clarification on the term of the lease which appeared to be ambiguous, and for a different term to the five (5) years stated in the earlier MRA notification letter. MRA has advised that the correct term of the lease is from 18 May 2020 to 5 October 2021, and that an amended lease document will be prepared and executed.

20/08/2020

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

The company releases its Code of Conduct.

03/08/2020

The company releases its Board Charter.

03/08/2020

The company releases its Security Trading Policy.

03/08/2020

The company announced the recommendations from the Independent Expert's Report by Mr. Justin Nelson of DMAW Lawyers. The board resolved to implement all of Mr Nelson's recommendations as soon as practically possible, and in any event no later than 30 June 2020, however this was delayed due to the outbreak of the COVID-19 pandemic, negotiations on possible transactions and directors' subsequent workloads. The implementation of the policies, procedures, practices and resources has now been completed with the exception of the appointment of a new Company Secretary (which has been delayed until after the results of the upcoming 2019 Annual General Meeting), and the undertaking of external governance training courses by directors. The board's annual evaluation process by a governance professional is planned for the second half of this financial year.

03/08/2020

The company releases its Continuous Disclosure Policy.

03/08/2020

The company lodges its Revised March Quarterly Cash Flow Report.

03/08/2020

The company lodges its Quarterly Cashflow Report.

03/08/2020

The company lodges its Quarterly Activities Report.

03/08/2020

The company lodges its Quarterly Activities Report.

22/04/2020

The company lodges its Quarterly Cashflow Report.

22/04/2020

The Company has been actively responding to the COVID-19 pandemic to protect as best possible the safety and health of all staff, their families and the communities in which we operate, in both Papua New Guinea and Australia, and to protect its business operations. To date there has been no material impact on the Edie Creek operations as a result of the COVID-19 pandemic. The Company's May River exploration program has been suspended until travel restrictions are lifted and it is safe to recommence these activities. An Application for an Extension of Term for this tenement (EL 2527) has been completed and is due to be lodged this week for a further 2-year extension period. Negotiations have terminated in respect of a potential joint-venture at the Company's Edie Creek mine. The company expects to lodge its 31 December 2019 Half Yearly Report in the immediate future, and to lodge the Notice of Meeting for the 2019 Annual General Meeting in the near future. Discussions with the ASX in respect of the potential re-quotation of the Company's shares are proposed in coming weeks.

01/04/2020

The company releases a Review of Independent Governance Expert.

06/03/2020

The company releases its Appendix 4G Report.

20/02/2020

The company releases its Corporate Governance Statement.

20/02/2020

The company lodges its 2019 Annual Report and Statutory Accounts.

20/02/2020

The company lodges its December 2018 Half Yearly Report and Accounts.

11/02/2020

The company lodges its Quarterly Activities Report.

31/01/2020

The company lodges its Quarterly Cashflow Report.

31/01/2020

Following ASIC consent to the resignation of the Company's auditor, BDO East Coast Partnership, the Company has appointed Rothsay Audit & Assurance Pty Ltd as the Company's auditor.

28/01/2020

The company lodges its Quarterly Activities Report.

01/11/2019

The company lodges its Quarterly Cashflow Report.

01/11/2019

The board has appointed Mr Justin Nelson of DMAW Lawyers to undertake a review of the company's corporate governance practices, policies, procedures and resources for complying with its ASX Listing Rule obligations.

20/09/2019

Payment of the fourth tranche under the $500,000 deed of advance has been further extended to 16 September 2019 by mutual agreement pending the finalisation of the processing of the lender's security documentation by the relevant Papua New Guinea government authorities, a waiving of this requirement by the lender or agreed altenrative arrangements. Payments of $21,773 under the third tranche were received between 16 August and 2 September, 2019, with the $18,105 balance of the third tranche to be paid over the next two weeks.

03/09/2019

Payment of the fourth tranche under hte $500,000 Deed of Advance has been extended to 31 August 2019, by mutual agreement, pending the finalisation of the processing of the lender's security documentation by the relevant Papua New Guinea government authorities, or a waiving of this requirement by the lender. Payments of $9,366 under the third tranche were received between 26 July and 14 August, 2019, with the $39,878 balance of the third tranche to be paid over the next two weeks.

15/08/2019

The company lodges its Quarterly Cashflow Report.

01/08/2019

The company lodges its Quarterly Activities Report.

01/08/2019

The payment of hte balance of the third and fourth tranches under the $500,000 Deed of Advance has bene extended to 15 August 2019 by mutual agreement, pending the finalisation of the processing of the lender's security documentation by the relevant PNG government authorities, or a waiving of this requirement by the lender. Payments of $50,756 under the third tranche were received between 12 June and 25 July, 2019.

26/07/2019

The timing of the third payment under the previously announced $500,000 Deed of Advance has been extended by mutual agreement, pending the finalisation of the processing of the lender's security documentation by the relevant PNG government authorities. The security registration is expected to happen in the coming weeks and the next $100,000 payment, along with the $200,000 balance of the advance is expected be drawn down on or before 26 July, 2019, subject to the above finalisation or waiving of this requirement by the Lender.

05/07/2019

The company has completed the purchase of a further 5 second-hand items of mobile mining equipment. The purchase was financed using an asset finance facility.

05/07/2019

The company issues a response to ASX Query Letter.

02/07/2019

The company has received first payment of $100,000 under the previously announced $500,000 "Deed of Advance". The balance of the advance will be drawn down in three (3) further tranches as follows: $100,000 in the week ending 14 June; $100,000 in the week ending 28 June; and $200,000 in the week ending 26 July.

07/06/2019

The company has entered into a $500,000 "Deed of Advance" and reached an advanced stage of negotiations on a possible corporate transaction. The advance will be drawn down in four tranches. These will be interest free and will be used for general working capital purposes, including the payment of current trade payables and liabilities, and for the Edie Creek project. It will be the first step in a possible corporate transaction or an alternative commercial transaction.

28/05/2019

The company lodges its Quarterly Activities Report.

01/05/2019

The company lodges its Quarterly Cashflow Report.

30/04/2019

The completion and lodgement of the company's December 2018 half year report has been delayed and lodgement will now be beyond 15 March 2019. The company further advises that the ASX enquiries announced on 21 February 2019 and the company's responses are ongoing.

12/03/2019

The securities of Niuminco Group Limited will be suspended from quotation immediately under Listing Rule 17.3, pending enquiries from ASX.

21/02/2019

The suspension of trading in the securities of Niuminco Group Limited will be lifted from the commencement of trading on Wednesday, 17 October 2018, following the release by NIU of an announcement.

17/10/2018

The company provides an update on high grade gold-bearing veins at Edie Creek. By way of clarification, it is noted that the term "sampling" used in previous announcements was not strictly correct as the figures announced are the actual production figures from pilot scale mining and processing operations and the subsequent sale to Niuminco's gold buyer. The mineralised veins uncovered are within an existing historic and recent mining area, and assessment of adequate grade of material prior to mining was by visual recognition of the veins and the traditional method of panning.

17/10/2018

Prior to the Company's shares being re-instated, NIU is continuing to liaise with ASX in relation to a proposed update and clarification in respect to the announcements of 14 and 20 September, 2018 on the high grade goldbearing veins and production at Edie Creek.

09/10/2018

The company releases its Corporate Governance Statement.

08/10/2018

The company releases its Appendix 4G.

08/10/2018

The company lodges its Annual Report to shareholders.

08/10/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

01/10/2018

The suspension of trading in the securities of Niuminco Group Limited will be lifted immediately following payment of annual listing fees. Security Code: NIU

01/09/2015

Niuminco Group Limited has failed to pay to ASX Limited its annual listing fee in respect of the year ending 30 June 2016 and consequently will have its securities suspended from quotation immediately under listing rule 17.3. Under listing rule 17.15 any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm AEST on Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015.

27/08/2015

securities of Niuminco Group Limited will be reinstated to official quotation before the commencement of trading on Tuesday 30 August 2011

26/08/2011

Mincor Resources NL acquired Pty Ltd acquired 25,000,000 Niuminco Group Ltd (formerly known as DSF International Holdings Ltd) shares on August 10, 2011, becoming a substantial holder with 25,000,000 shares (13.65%)

19/08/2011

Dalrae Pty Ltd acquired 13,043,837 Niuminco Group Ltd (formerly known as DSF International Holdings Ltd) shares on August 10, 2011, becoming a substantial holder with 13,043,837 shares (7.12%)

19/08/2011

name changed from DSF International Holdings Limited

10/08/2011

Heron Resources Ltd was diluted to below 5% in Niuminco Group Ltd on August 10, 2011

10/08/2011

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    07/12/2017Mark Ohlsson-7,000,000$-0.002$14,000
    05/12/2014Tracey Lake212,000$0.003$636
    27/07/2013Ian Plimer300,000$0.011$3,400
    16/07/2013Ian Plimer315,000$0.012$3,629

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Ian PlimerNon Exec Chairman09/05/2011
    Tracey LakeManaging Director01/05/2012
    John NetheryNon Exec Director09/03/2018
    Lawrence ChartresNon Exec Director09/03/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Mark OhlssonDirector13/02/201702/02/2018
    Neill ArthurNon Exec Director26/11/201508/03/2017
    Matthew RobertsNon Exec Director26/11/201515/02/2017
    Terence WillsteedNon Exec Chairman09/05/201126/11/2015
    Andrew DavisChairman09/05/201118/06/2013
    David FullerNon Exec Director09/05/201118/06/2013

    Date of first appointment, title may have changed.