Sitz u. Pits in Australia (Goldminen)

hier der von Josef Ackermann auf der Mainzer Landstraße ausgebildete

Börsenvorstand. Außer Durban wird noch eine Kokosnußfarm gelistetet

werden.

[Blockierte Grafik: http://www.oceania-ethnographica.com/austl14.jpg]


(übrigens jeder einzelne der Abgebildeten hat mehr Anstand als

Ackermann. Die hauen ihre Stammesmitglieder nicht in die Pfanne

wie bei Mannesmann.)


gogh

So schnell kann´s gehen.

[Blockierte Grafik: http://troms.kulturnett.no/riddu2001/sister_frigid/images/DSCN0112_JPG.jpg]


Und nach der Metamorphose:

[Blockierte Grafik: http://www.aussiepappy.com/autographs/eaton.jpg]

Harmony hat die "Zustimmung" erhalten um die

außenstehenden restlichen ABELLE-Aktionäre

rauszukaufen (2 Aus$ wie das freiw. Gebot).


Wem das nicht paßt kann in Australien

gegen eine Südafrik. GM vors Gericht ziehen.

Perfekte Enteignung mit (Teil)Entschädigung.

Harmony hatte mehrmals

in Zeitabständen Abfindungsangebote

offeriert und zuletzt ca. 97% der ABELLE

im Besitz.

Alles im Fluß Oder Pantha Rhei

[Blockierte Grafik: http://medlem.spray.se/forever007/bilder/felixleiter4.jpg]

gogh

aus "The Australian Mining Journal" am 04.06.04

WA CYCLONES CURB GOLD PRODUCTION
===========================

Australia's gold output fell sharply in the March 2004 quarter as heavy rain from tropical cyclones dislocated production at many gold operations in Western Australia during the period, Melbourne-based Surbiton Associates said in its latest quarterly report.

March quarter gold output totalled 64 tonnes (2.1 million ounces), down 9 tonnes (12 percent) from the previous quarter's production. Output was 4 tonnes (7 percent) lower than the March quarter in 2003.

“Production was expected to be down due to the extraordinarily wet weather,” said Dr Sandra Close, Surbiton's managing director. “It ended up being the worst quarter in about ten years.”

Despite the poor start to the year, Dr Close said that the downturn should only be temporary and overall the upward trend in gold production remains intact.

“In 2003 Australia displaced the United States as the world's second largest gold producer,”

Dr Close said. “Australia should be able to maintain this ranking in 2004.”

Cyclone Monty hit Western Australia in late February and Cyclone Fay followed in mid to late March. Production was affected at most operations and some reported extreme weather conditions.

Placer Dome's Wallaby open pit near Laverton suffered a “massive rainfall event” in late February, while at AngloGold Ashanti's nearby Sunrise Dam pit, access to the high grade areas was limited for almost half of the quarter. Cyclone Fay dumped 360mm (over 14 inches) of rain on Telfer in 48 hours in late March, which Newcrest Mining Ltd described as being “in excess of a 100-year event”.

“In all, the industry treated almost 2 million tonnes of ore less than in the previous quarter,” Dr Close said. “Grades were also down as lower grade stockpiled material was used to maintain throughput.”

Dr Close said that another factor contributing to the low result is that the January to March period has fewer days than the other quarters. About three-quarters of a tonne (around 25,000 ounces) of gold are produced in Australia each day.

Also contributing to the downturn in the March quarter

were the closure of Sons of Gwalia's Gwalia treatment plant

and Placer Dome's Kundana plant, plus mechanical problems at several operations.

The top five producers for the March quarter 2004 were:

Operation
Ounces
Owner

Super Pit – JV
204,424
Newmont Mining Corp 50%, Barrick Gold Corp 50%

Tanami/Groundrush*
165,400
Newmont Mining Corp

St Ives
131,786
Gold Fields Ltd

Ridgeway
97,572
Newcrest Mining Ltd

Sunrise Dam
86,582
AngloGold Ltd

* two plants

Surbiton Associates' gold production figures include all gold produced in Australia from gold mines and by-product gold produced from base metal mines.

Dr Close stressed that the recent January to March quarter was unusual and did not herald an overall downturn in the industry.

“At least another 30 tonnes or 1 million ounces of annual capacity is scheduled to come on stream by end 2004,” Dr Close said. “That's why the overall production trend is still expected to be positive.”

While the redevelopment of Telfer will provide much of this extra capacity, redevelopment of Cracow and Perseverance and the new mill at St Ives will also make significant contributions.

“Despite this favourable outlook, most of the extra ounces are from

redevelopment of known deposits,”

Dr Close said. “Exploration for new deposits must remain a top priority.

AJM Magazine

gogh

Australischer GM-Produzent, der auf Druck der

Großaktionäre gründlich "Aufräumen" muß.

Da fliegen die Fetzen!

Sehe das ganze eher positiv.

----------------------------------------

Aussie gold boardroom war to spill blood

By: Peter Gonnella

'09-JUN-04 02:35' GMT © Mineweb 1997-2004
=============================

PERTH (Mineweb.com) -- Institutional mining investor Resource Capital Funds (RCF) is tired of struggling high-cost Aussie gold producer St Barbara Mines’ [ASX:SBM] poor results and is going for the chairman’s jugular.

The private US-based equities investment firm – St Barbara’s biggest shareholder (with a 22.6 percent stake) – had lost all faith and patience in the ability of St Barbara chairman Stephen Miller to increase value for shareholders, senior RCF partner James McClements told reporters during a teleconference in Perth today (Tuesday). “We have lost confidence in what Stephen tells us,” he said.

Miller’s sacking is paramount to St Barbara’s recovery, according to RCF. Consequently, it has sent out a letter to St Barbara shareholders urging them to team up to get rid of Miller and fellow board member Kevin Dundo in a vote to be conducted at the planned extraordinary general meeting expected to be held in mid-July. RCF has no desire to manage or take over St Barbara but wants to see the Perth-based company directed by new management led by endorsed board replacements, Aussie mining stalwarts Ed Eshuys and Colin Wise.

Other substantial St Barbara shareholders include London-based funds RAB Europe Fund (7.8 percent), St James’s Place Recovery Trust (seven percent) and Ocean Resource Capital Holdings (six percent), while Miller-chaired and Perth-based Strata Mining Corp [ASX:STT] was next largest shareholder (at 5.6 percent). McClements suggested that initial feedback RCF had received from the UK funds, which hold a combined 20.8 percent of St Barbara, had been encouraging, though there were no indications provided as to which way they would vote.

In the hope of participating in the gold industry’s consolidation, RCF first invested in St Barbara about two and a half years ago. But McClements pointed out there had been a lot of “over-promoting and underperformance” by St Barbara and, while RCF had been tolerant and patient, in the ensuing period almost 85 percent of the stock’s value had been wiped out since its February 2002 peak. Against the background of a robust gold market, “Mr Miller has presided over the worst performing pure gold producer on the ASX”, he declared.

McClements revealed to Mineweb that last year St Barbara was in danger of defaulting on the RCF loan facility – which was originally intended for the miner’s consolidation strategy but ultimately also permitted to be drawn on for working capital purposes – and that from last July continued to roll it over on a weekly basis. “Technically we had grounds to issue default notices,” he said. However, instead of standing to potentially lose its total investment by doing that, the resources fund decided to convert the secured debt into about A$8 million of St Barbara equity last November.

According to McClements, one of the undertakings St Barbara made to RCF for the equity-for-debt swap was the appointment of an independent chairman, which hasn’t happened. Other instances of failures to achieve promises have included falling short of forecasts and showing little signs of meeting targets (such as becoming a 500,000 ounces per annum gold producer by 2005). In addition, RCF expressed concerns over the dilution of St Barbara’s ownership in a core project, lack of disclosure in relation to possible merger/scheme of arrangement plans and corporate governance practices regarding related party transactions between St Barbara and Strata Mining.

“RCF’s decision (to invest) was supported by promises and representations made by Mr Miller,” RCF stated in the letter to shareholders. “These promises and representations have been repeated by Mr Miller to RCF, shareholders and the public on a number of subsequent occasions.”

McClements said that after an accumulation of disappointments over the past couple of years and continued frustration this year, “RCF has finally formed the view that Mr Miller is unable to deliver value to St Barbara shareholders”. The letter to shareholders added that “on Mr Miller’s record to date, RCF believes that he is unable to restore that value and that while he stays in control, the investment of all shareholders is at risk”.

Miller is no stranger to a stoush, having emerged victorious or survived a few previous corporate encounters, and certainly won’t be going without a fight. He has already launched a counterattack, advising that a resolution to remove the two RCF-nominated St Barbara directors – RCF chairman Hank Tuten and director Mark Wheatley – is proposed to be put before the shareholders meeting.

Shares in St Barbara, which posted a net loss of A$6.8 million in the December 2003 half and produced only 4,660oz of gold in the March 2004 quarter, finished the day at a paltry A$0.043, which equates to a market capitalisation of just under A$25 million.

gogh

BATAVIA hat nur eine geringe MKP.

Der Kurs ist deshalb wenig aussagefähig und

dürfte in Zukunft enorm schwanken.

Im Artikel werden durch die Blume Kapital-

erhöhungen angekündigt. Ob dadurch allerdings

das jetzige Kursniveau nochmals nach unten gehen

wird?

In D werden selten welche gehandelt WKN 813531.

Die Gründungshistorie ist einigermaßen außergewöhnlich.


Mir gefällt der Wert.


gogh

aus MineBox vom 10.06.04
=================

Batavia on Course to Commence Mining in 2004
=============================

Gullewa Project


Batavia Mining Ltd is on track to achieve key objective of recommencing mining operations at its Gullewa Project in Western Australia later this year, after announcing a 33 percent increase in the project’s global resource inventory.

The emerging gold-copper group is set to make a final decision on project development after completing the current Bankable Feasibility Study, with results scheduled to be announced in its June 2004 Quarterly Report.

Batavia Mining Managing Director Alan Downie said the company has set

new objectives for the 2004/05 year including completing funding
=========================================

arrangements during the September Quarter, recruiting a skilled

operations team and commencing mining operations during the December Quarter.

"This follows the achievement of all our short-term goals for 2004, including the establishment of a five-year mine life for the Gullewa Project through the significant resource upgrade announced today," Downie said.

The upgraded global resource inventory, of 438,000 ounce gold

equivalent, represents a 33 percent increase over the global resource

of 329,000 ounces of gold equivalent announced in February this year.

It follows a recently completed program of infill, extensional and geotechnical drilling and includes re-evaluation and new resource estimates for the Deflector Deposit, Michaelangelo and King Solomon/New Phoenix Prospects at Gullewa.

At the flagship Deflector Deposit, Snowden Mining Industry Consultants completed a revised global resource estimate incorporating the latest infill and geotechnical drilling of 1.83 mega tonne at 5.83 grams per tonne gold equivalent for 342,000 ounces of gold equivalent.

Downie said the resource upgrade had been one of the key objectives in the company’s 2004 Corporate Plan, where it had set out to achieve a minimum of 300,000 gold equivalent ounces prior to the recommencement of mining.

"We have already commenced negotiations with potential project financiers in parallel with the Bankable Feasibility Study on the resumption of mining and treatment at the Gullewa Project, which is now well advanced," he said.

The resource upgrade comes as Batavia also today reported very encouraging results from its regional exploration program, including an outstanding high-grade intersection of 8m at 66.8 grams per tonne from the Michaelangelo Prospect.

Downie said the results from recent exploration work had been very pleasing, underlining the potential for further increases in the global resource base at the Gullewa Project. This forms one of the Company’s 2005 key objectives, which is to achieve a resource base exceeding 600,000 ounces.

"A deep drilling program at the Deflector Deposit is scheduled to commence in late July to test depth extensions of the known mineralisation to a depth of 300m," he said. "This program is designed to increase the underground resource base."

- 10 Jun 2004

[Blockierte Grafik: http://www.scit.wlv.ac.uk/~ps1908/Julie2.jpg]


Wer sich für GM´s mit geringer MKP interessiert

benötigt eine eigene Sichtweise.

Alles was medial angepriesen wird, kann man vergessen.

gogh

[Blockierte Grafik: http://www.veredart.com/lehr_page_images/nam_june_paik_fin_de_slecle.gif]

das ist eine Plastik von Nam Jun Paik

Interessiert genausowenig wie BATAVIA


That´s the way it is


gogh

Dünne Erzvenen, war schon immer so bei CRS


gogh

---------------------------------------------------------------------------------------------

Croesus extends St Patricks reef

Source: PERTH, June 18 AAP
Published: Friday June 18 2004, 12:45 PM

Gold producer Croesus Mining Ltd said today it has found further high grade gold indications that extend the known area of the St Patricks reef at its Norseman operation in Western Australia.

Seven of the nine drill holes completed last month returned various amounts of visible gold.

Better intercepts include 0.19 metres grading 296.2 grams per tonne (g/t) gold, 0.82 metres at 56.9 g/t, and 0.93 metres at 44.3 g/t.

Croesus said this has extended the surface area of the eastern part of St Patricks to at least 300 metres by 200 metres. advertisement

advertisement

The bottom of the deposit has yet to be reached with drilling.

This new area is outside the current St Patricks resource which totals 318,000 tonnes grading 11.9 g/t for 121,000 ounces of gold.

Croesus said the latest results have the potential to significantly increase the resources and reserves at St Patricks.

It expects to update its estimates later this month once the current drilling program has finished.

Croesus shares were trading two cents higher at 45 cents by 1224 AEST.

SGW ist die letzten Jahre schlimm unter die Räder

gekommen.

Beim Gold "überhedgt" und Tantal wurde in

geringerer Qualität (Koltan) per Raubbau

aus dem Kongo auf die Weltmärkte geschwemmt.


Anscheinend ist Besserung in Sicht:


Sons of Gwalia set to capitalise on surging tantalum demand
================================================

Source: PERTH, June 23 AAP

Published: Wednesday June 23 2004, 5:47 PM

Global demand for tantalum - used in everything from mobile phones to Playstations - has recently rebounded to the heady heights of the dot.com boom.

The surging demand has pushed tantalum ore prices to $US40-50 per pound from a low of $US15 in 2002.

Deutsche Bank said in recent research report this was particularly welcome news for mid-tier Australian miner Sons of Gwalia Ltd, which supplies about half of global demand for tantalum.

When tantalum demand peaked at the height of the high-tech bubble in 2000, Sons of Gwalia shares seemed a certainty to break through the $10 mark. advertisement

advertisement

But then the bubble burst, Gwalia's gold operations ran into problems, and the stock stopped short at $9.71 before crashing back to $1.36 in March 2003.

Now, US-based Cabot Corp - one of the two biggest processors in the tantalum industry - says demand for the specialty metal has improved and is already within five per cent of 2000 peak levels, or 85 per cent above the 2002 lows.

Microchip production targets from the semiconductor industry imply an incremental increase in demand of 20 to 25 per cent by 2007 - on top of the six to eight per cent annual demand growth expected from traditional top end markets, Cabot said.

It said long term tantalum prices are headed towards $US50-60 per pound, the estimated level at which opening a new tantalum mine becomes attractive.

This presents the opportunity for Gwalia to at long last capitalise on the capacity expansion it installed several years ago, according to Deutsche Bank.

"With Sons of Gwalia supplying around 50 per cent of global demand and able to increase production quickly and at low cost it is in an ideal position to capitalise on any increase in demand," the bank said.

Part of the problem for Gwalia is that the expansion of its tantalum division happened just as the market collapsed.

But that expansion has left it in a very good position to boost production cheaply.

Gwalia has previously indicated that increased production would lead to economies of scale, and lower cash operating costs, Deutsche Bank said.

"Assuming this correct, then Sons of Gwalia has every incentive to increase production and keep the spot price down," it said.

"There is obviously no incentive to allow new producers into the market.

"This suggests that the spot price would be kept at $US60 per pound or just below if possible."

Sons of Gwalia closed up 11 cents or 4.4 per cent at $2.59 today.

[Blockierte Grafik: http://www.fantascienza.com/cinema/king-kong/media/empstate.jpg]


Beschreibt das Foto die aktuelle Lage in märchenhafter Form?

Wenn ja, marschieren als nächstesdie Austral-GM´s .

REUTERS vom 24.06.2004


Majority of Americans Now Call Iraq War a Mistake
==========================================

Thu Jun 24, 2004 11:54 PM ET

WASHINGTON (Reuters) - For the first time since the start of the war in Iraq, a majority of Americans now say the U.S.-led invasion was a mistake, according to a USA Today/CNN/Gallup Poll released on Thursday.
Amid continuing violence in Iraq and questions about the justification for the war, 54 percent of the 1,005 Americans polled said it was a mistake to send U.S. troops into Iraq, compared with 41 percent who held that view three weeks ago.

The findings mark the first time since Vietnam that a majority of Americans has called a major deployment of U.S. forces a mistake, USA Today reported on its Web site.

In addition, the poll found that for the first time a majority also said the war in Iraq has made the United States less safe from terrorism.

Fifty-five percent said the war has increased U.S. vulnerability, compared to a December poll in which 56 percent said the war made the United States safer.

The war's original justification was to stop Iraq deploying weapons of mass destruction. None have been found.

President Bush has also said the Iraq mission would make America safer by bringing democracy to a key country in the Middle East.

In Iraq on Thursday, insurgents killed about 100 people in a wave of attacks across the country aimed at sabotaging next week's transfer of power to an interim Iraqi government.

Despite Americans' changing attitudes toward the war, the poll found Bush in a statistical dead heat with presumptive Democratic presidential nominee John Kerry. Among likely voters, Bush edged out Kerry 48 percent to 47 percent. Three weeks ago, Kerry led 49 percent to 43 percent.

In the new poll, 60 percent of respondents said they believe the Massachusetts Democrat could handle the job of commander-in-chief, but most Americans indicated they trust Bush more in that role, 51 percent to 43 percent.

The survey, conducted Monday through Wednesday, has a margin of error of plus or minus three percentage points.

© Reuters 2004. All Rights Reserved.

[Blockierte Grafik: http://www.webhorror.com/screamqueens/ursula_andress/ursula_andress_james_dean_01.jpg]

James Dean und Ursula Andress, circa Mitte 50-iger Jahre

Gezeitenwechsel


gogh

statt eines langen Aufsatz, den eh´keiner liest

[Blockierte Grafik: http://www.tanzbilder.de/all/Images/114.jpg]


heut´ein paar Perilya PEM gekauft.

Waren stark zurückgekommen.

Aber warum nicht Zink; und mit Goldaktivitäten

wird langsam auch begonnen.


Fehler des Managements?

Ja, aber wohl nicht so schlimm.


gogh

Grüß Dich Hpoth,

mein Minendepot hat es ziemlich erwischt. Das spricht

nicht unbedingt für meine Kennerschaft.

Zu Deiner Frage:

Northern Gold
===========

ist noch in einem sehr frühen

Entwicklungsstadium. Die guten Goldgehalte

zweifle ich nicht an.

Aber selbst für den Tagebau muß enorm investiert

werden. Santa Barbara hat letztens über ein

Sale and Lease Back für einen Schaufelradbagger

berichtet. Da konnte man rückrechnen, daß der

Bagger (übrigens ein Deutsches Fabrikat)

mindestens 5 Mio Aus$ gekostet hat.

Was muß da an Straßen angelegt werden?

Und das schwierigste, es gibt keine Verarbeitungsanlage.

Ist Haufenlaugung zusätzlich nötig, je nachdem ob

ob Sulfid usw.


Da kann man zuwarten. Bevor Northern die 1. Unze

Gold verkauft, sind mehrere Kapitalerhöhungen nötig.


Herald
======


Hab meine mit 50% Gewinn verkauft.

Es hat mich gestört, daß HER 2 Ausgründungen

für GM durchgeführt hat. Die sollen nicht

beim Handelsregister brillieren, sondern

im operativen Geschäft.

HER ist aber durch die reichen Zinkvorkommen

wieder ein Kauf, sollte der Kurs mal wieder

30% zurückkommen.


Alles "Ansichten eines Clowns" um

Heinrich Böll zu sprechen.



Gruss


gogh

Ulfur

um Bendingo herrscht im Moment zuviel

Jahrmarkt-Rummel.

Die kann man sich ansehen nachdem

der Rummel vorbei ist.


gruss

gogh

Gold rush returns to Bendigo
=======================

By Mathew Charles
08jul04
VICTORIA'S 21st century gold rush stepped up a notch yesterday when Bendigo Mining revealed it had successfully raised $115 million to begin operations late next year.

Managing director Doug Buerger said the historic mine, 850m under Bendigo's streets and abandoned in 1954, was destined to regain its crown as one of Australia's major gold mines.

The news follows Ballarat Goldfield's announcement last week it had raised $27.2 million to resume hard-rock mining after an 88-year pause.

Mr Buerger estimated the Bendigo mine would pump more than $200 million a year into the local economy once it hit full production in about 2010.

And it will generate more than $2 billion in profits for its South African owners.

Mr Buerger added the mine, due to begin operations towards the end of next year, would generate 140 jobs.

Each new job at the mine will generate another two jobs indirectly, he said.

The capital raising marks a major plank in Mr Buerger's six-year dream to put Bendigo back on the global resources map.

However, he conceded to sometimes harbouring doubts over whether his dream was attainable.

"Sometimes at three o'clock in the morning it can be pretty hard," he said.

But he successfully swayed institutional investors from Australia, North America and Europe to stump up $100 million at 72 a share through a bookbuild to fund the mine following a three-week roadshow.

Majority shareholders - Harmony Gold and General Oriental Investments - will sub-underwrite up to $15 million on top of the $100 million through a share purchase plan in a move that will dilute their holdings.

Mr Buerger said the mine's first stage would generate 83,000 golden ounces annually for the first three years at a cost of $380 an ounce.

Production would then ramp up to 185,000 ounces at just $240 an ounce - providing a further $100 million was raised. But he said the company's investors were there for the long haul.

"People have come into this project not with a view on today's gold price or yesterday's gold price but a view that they want to be involved in the gold industry," he said.

If all goes to plan the mine will hit full production in about 6½ years, producing 570,000 ounces annually.

"At that stage we will be one of the biggest underground gold miners in Australia," Mr Buerger said.

He said Bendigo would be "a long-life, low-cost gold mine" with an estimated life of about 25 years.

The project will mark the first commercial gold production in Bendigo for more than 50 years. Gold was first discovered in Bendigo in 1851.

Production in the area continued right through to 1954, after having unearthed some 20 million tonnes, before it was deemed too difficult to extract because of high water levels flooding the underground mines.

But new technologies have prompted miners to take a fresh look at Bendigo as well as other gold hot spots that include Ballarat.

Bendigo Mining's shares, which have been in a trading halt since July 1, last traded at 88c. Ballarat Goldfields shares closed at 9.6c.