NEM » Topics » NOTE 13 MAJOR CUSTOMERS AND EXPORT SALES

This excerpt taken from the NEM 10-K filed Oct 26, 2006.

NOTE 13    MAJOR CUSTOMERS AND EXPORT SALES

PTNNT sells its concentrates primarily pursuant to long-term sales agreements. As a percentage of concentrate sales (copper sales net of treatment and refining charges), 96% of concentrate sales were pursuant to such contracts during 2003. Three of these agreements each accounted for more than 10% of sales in 2003 at

 

NT-19


Table of Contents

NUSA TENGGARA PARTNERSHIP V.O.F.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

U.S.$60.3 million, U.S.$55.3 million and U.S.$53.2 million, respectively, and together accounted for 39% of concentrate sales. Concentrate sales were made to three related parties during 2003 and the associated metal sales receivables at December 31, 2003 as follows:

 

     Year Ended
December 31, 2003
     (in thousands U.S.$)

Concentrate sales

  

Sumitomo Metal Mining Co., Ltd.

   $ 31,890

Mitsubishi Materials Corporation

     55,265

Furukawa Co., Ltd.

     20,791
      
   $ 107,946
      

 

     At December 31, 2003
     (in thousands U.S.$)

Associated metals sale receivables

  

Sumitomo Metal Mining Co., Ltd.

   $ 4,079

Mitsubishi Materials Corporation

     7,276

Furukawa Co., Ltd.

     6,085
      
   $ 17,440
      
This excerpt taken from the NEM 10-K filed Mar 2, 2006.

NOTE 13    MAJOR CUSTOMERS AND EXPORT SALES

PTNNT sells its concentrates primarily pursuant to long-term sales agreements. As a percentage of concentrate sales (copper sales net of treatment and refining charges), 96% of concentrate sales were pursuant to such contracts during 2003. Three of these agreements each accounted for more than 10% of sales in 2003 at

 

NT-19


Table of Contents

NUSA TENGGARA PARTNERSHIP V.O.F.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

U.S.$60.3 million, U.S.$55.3 million and U.S.$53.2 million, respectively, and together accounted for 39% of concentrate sales. Concentrate sales were made to three related parties during 2003 and the associated metal sales receivables at December 31, 2003 as follows:

 

     Year Ended
December 31, 2003
     (in thousands U.S.$)

Concentrate sales

  

Sumitomo Metal Mining Co., Ltd.

   $ 31,890

Mitsubishi Materials Corporation

     55,265

Furukawa Co., Ltd.

     20,791
      
   $ 107,946
      

 

     At December 31, 2003
     (in thousands U.S.$)

Associated metals sale receivables

  

Sumitomo Metal Mining Co., Ltd.

   $ 4,079

Mitsubishi Materials Corporation

     7,276

Furukawa Co., Ltd.

     6,085
      
   $ 17,440
      
This excerpt taken from the NEM 10-K filed Mar 15, 2005.

NOTE 13    MAJOR CUSTOMERS AND EXPORT SALES

 

PTNNT sells its concentrates primarily pursuant to long-term sales agreements. As a percentage of concentrate sales (copper sales net of smelting and refining charges), 96% of concentrate sales were pursuant to such contracts during 2003. Three of these agreements each accounted for more than 10% of sales in 2003 at U.S.$60.3 million, U.S.$55.3 million and U.S.$53.2 million, respectively, and together accounted for 39% of concentrate sales. As a percentage of concentrate sales, 97% were pursuant to such long-term sales agreements during 2002, of which three agreements each accounted for more than 10% of sales in 2002 at U.S.$55.5 million, U.S.$51.8 million and U.S.$50.9 million, respectively, and together accounted for 44% of concentrate sales. Concentrate sales were made to three related parties during 2003 and 2002 and the associated metal sales receivables at December 31, 2003 and 2002 as follows:

 

     Years Ended December 31,

           2003      

         2002      

     (in thousands of U.S.$)

Concentrate sales

             

Sumitomo Metal Mining Co., Ltd.

   $ 31,890    $ 34,358

Mitsubishi Materials Corporation

     55,265      55,537

Furukawa Co., Ltd.

     20,791      18,025
    

  

     $ 107,946    $ 107,920
    

  

     At December 31,

     2003

   2002

     (in thousands of U.S.$)

Associated metals sale receivables

             

Sumitomo Metal Mining Co., Ltd.

   $ 4,079    $ 15,663

Mitsubishi Materials Corporation

     7,276      4,994

Furukawa Co., Ltd.

     6,085      885
    

  

     $ 17,440    $ 21,542
    

  

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki