Binh Dinh Minerals Company (BIMICO) has announced business in quarter 4/2009 as follows:
1. Ilmenite volume was allowed to export in 2009:
* On June 04, 2009, BIMICO was allowed to export 45,000 tons of Ilmenite.
* On November 04, 2009, BIMICO was allowed to export additionally 10,000 tons of Ilmenite.
* Therefore, BIMICO was allowed to export 55,000 tons of Ilmenite in 2009.
2. Business result in quarter 4/2009:
* Average price of Ilmenite from November 2009 to now has been in USD100/ton. So, revenue of foreign currencies equivalent to additionally volume to export in 2009 is about USD1 million. Therefore, total above revenue will record in business result in quarter 4/2009. If the company implement the revenue, in the company’s expectation, profit in quarter 4/2009 will be higher than that in quarter 3/2009.