Annual report pursuant to Section 13 and 15(d)

AMAK INVENTORIES

v3.19.1
AMAK INVENTORIES
12 Months Ended
Dec. 31, 2018
Inventory [Line Items]  
INVENTORIES
INVENTORIES
Inventories include the following at December 31:
 
2018

 
2017

 
(thousands of dollars)
Raw material
$
4,742

 
$
3,703

Work in process
173

 
27

Finished products
11,624

 
14,720

 
 
 
 
Total inventory
$
16,539

 
$
18,450


Inventory serves as collateral for our amended and restated loan agreement with a domestic bank (see Note 12).
Inventory included products in transit valued at approximately $4.1 million and $3.7 million at December 31, 2018, and 2017, respectively.
AMAK  
Inventory [Line Items]  
INVENTORIES
Inventories
Inventories consisted of the following at:
 
December 31,
 
2018

 
2017

Ore concentrates
17,020,657

 
12,118,132

Stockpile ore
19,134,297

 
9,417,626

Precious metal dore
2,159,192

 

Explosives
1,134,728

 
485,668

Chemicals and other
6,422,246

 
5,205,506

 
 
 
 
 
45,871,120


27,226,932


As discussed in Note 2, we can receive advances on a pre-export basis on our mill stockpiles.