Beiträge von gogh

  • Vangold Resources / VAN (CVE)

    Die Buffalo Gold BUF.V kannte ich nicht.

    Hab´ jetzt einen kurzen Blick draufgeworfen

    und glaube nichts zu verpassen.

    Gruss

    Gogh

    PS: Ist ja wohl ein Witz, dass VAN mit Oil

    einen Gewinn erwirtschaftet.

  • Western Areas WKN 854 633 ISIN ZAE000016549 WAR Oder Kebble´s Trojanisches Pferd

    Zitat aus langem Artikel MINING WEEKLY vom 19.01.2007



    ".............................
    Gold Fields' ownership is enough for it to invoke section 440K of the Companies Act, which will force the remainder of Western Areas shares to sell into the offer resulting in the delisting of Western Areas.


    "We are delighted to have reached this significant milestone," said Gold Fields CEO Ian Cockerill. He said that, subject to the completion of the 440K, Gold Fields could proceed with the full integration of the entire South Deep Gold Mine as an operating division of Gold Fields, which would result in a simplified management structure for that operation.


    There were concerns that Gold Fields might not be able to obtain 100% control of Western Areas after capital management company, Regarding Capital (Re:cm) would not sell its 5%-6% of Western Areas to Gold Fields.


    Re:cm was on Thursday still undecided on the offer, the capital management company's response to Mining Weekly Online coinciding with a separate, unrelated JSE updating of the Gold Fields-Western Areas position, which told the new story of Gold Fields' unassailable position, through the JSE replacing an earlier announcement that the shares in issue increase was 554 697 409 and not 583 844 057, as had been stated. Re:cm chief investment officer Piet Viljoen indicated to Mining Weekly Online then that matters relating to the Gold Fields' offer continued to require finalisation: “I would still rather not comment on the transaction, as there are still some loose ends we are tying up,” he said in a written electronically mailed reply from Re:cm's Cape Town Waterfront office.


    The capital management 's failure to accept the Gold Fields' offer contributed to the delay of overall acceptances falling slightly short of the 94,1% mark, after Reuters reported last week that Gold Fields had acquired only 89,2% of Western Areas' total share capital.


    The Gold Fields' offer closes on January 26, one day after next week's January 25 Gold Fields' presentation."

  • Western Areas WKN 854 633 ISIN ZAE000016549 WAR Oder Kebble´s Trojanisches Pferd

    Was Gogh schon immer wissen wollte;

    aber nie zu fragen wagte:


    Kann ein Squeeze Out mit einer Sachspende erfolgen?


    Will heissen:

    Fragt mich ein Baecker, ob ich ihm mein Fahrrad zum


    Broetchenausfahren verkaufe.



    Und ich sage: nein, will selber rumradeln.


    Kommt der Handelsrichter und drueckt mich aus. Klar.


    Aber muss ich mich mit der Lieferung von Broetchen

    fuer 1 Jahr abfinden?


    Oder ist mit Fiat zu bezahlen?


    Wissende und Ahnende moegen Ihre Meinung kundtuen.


    Gogh

  • Zink/Blei_EXPLORER vor bfs (bankable feasability study)

    Wen es interessiert. Thread beginnt ganz am Anfang mit SLAM.V

    Gogh



    Press Release Source: Slam Exploration Ltd.



    SLAM Exploration Drills Massive Sulphides
    ==================================
    Wednesday January 17, 9:25 am ET



    MIRAMICHI, NB, Jan. 17 /CNW/ - SLAM Exploration Ltd. (TSX-V: SXL - News; "SLAM") is pleased to announce the intersection of massive sulphides in all three holes completing a 477 metre drilling program at its wholly owned Nepisiguit zinc-lead-copper-silver deposit located 20 km west of the Brunswick No. 12 mine in the Bathurst Mining Camp of New Brunswick.
    ADVERTISEMENT


    The drilling program was designed to target the Nepisiguit "A" zone sulphide deposit. Results include a 5 metre core interval of massive sulphides in Hole NP06-01. Hole NP06-02 intersected a 1.8 metre massive sulphide core interval located 40 metres below the intercept in hole NP06-01. The third hole, NP06-03 intersected a 5 metre core interval of massive sulphides approximately 200 metres west of Hole NP06-01. Zinc-bearing sulphide mineralization was noted in all three holes. The massive sulphide intercepts occur within a broader zone of stringer sulphides ranging up to 20 metres thick demonstrating potential for additional sulphide mineralization. Assays are pending for 64 metres of sawn core comprising 66 samples submitted for zinc, lead, copper, silver and gold analysis.


    These preliminary results indicate the Nepisiguit A massive sulphide deposit is open at depth and along strike to the west with significant potential to develop tonnage. They confirm SLAM's strategy to further accumulate potential base metal tonnage in New Brunswick. This strategy is founded on the 3.4M tonne resource averaging 5.01% zinc, 0.89% lead and 30.95 g/tonne silver at our Nash Creek deposit. SLAM plans to aggregate sufficient critical tonnage that could lead to a sustainable, mining operation in this world-class base metal-producing area.


    The Nepisiguit property comprises 67 claims covering 1072 hectares of favourable volcanic stratigraphy in the Bathurst Mining Camp in New Brunswick. In addition to the A zone, the property also hosts the Nepisiguit B zinc-lead-silver deposit and the Swamp Lake base metal occurrence. The exploration program at Nepisiguit is funded in part by a $30,000 grant from the New Brunswick Junior Mining Assistance Program.


    SLAM Exploration Ltd. is a mineral resource company based in Miramichi, New Brunswick. The Company is 100% owner of the Nash Creek zinc-lead-silver deposit. In addition, it wholly owns the Nepisiguit A, Nepisiguit B, Ahearn, Strachens East and Strachens base metal deposits within the world class Bathurst mining camp. SLAM also holds the right to earn 100% interest in 1935 claims centered in the Bathurst Mining camp. The Company holds varying interests in four gold properties in the gold producing Uchi sub-province of northwest Ontario.


    Additional information about SLAM and its projects is available at http://www.slamexploration.com or from SEDAR filings at http://www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

  • Zink/Blei_EXPLORER vor bfs (bankable feasability study)

    Quelle MineBox vom 17.01.07



    TNG targets February resource after confirming major NT zinc deposit


    Perth-based resource company, Tennant Creek Gold (TNG) is aiming to deliver an initial JORC compliant resource estimate for its Manbarrum zinc-lead-silver project in the Northern Territory next month after announcing further excellent drilling results from its recently completed Phase 1 resource drilling program.


    TNG said that drilling to date had confirmed that the central Sandy Creek Zone at Manbarrum comprises a significant zinc-lead-silver deposit, with the potential to host a large tonnage resource.


    The company has now defined continuous, stratabound zinc-dominant mineralisation over a 400m by 200m area at Sandy Creek, with the zone remaining strongly open to the south, west, north and at depth.


    These most recent results returned further broad zones of mineralisation, with best intersections including 66m @ 4.67% Zn Eq from 54m, 85m @ 5.46% Zn Eq from 65m (with both of these holes finishing in continuous zinc mineralisation at depth), 33m @ 4.57% Zn Eq from 115m and, 29m @ 4.35% Zn Eq from 79m and 67m @ 2.25% Zn Eq from 83m.


    TNG’s Managing Director, Neil Biddle said the Phase 1 drilling program had been a standout success, confirming that the Manbarrum project represented a substantial exploration and development opportunity, which would be the company’s core focus moving forward.


    “The Phase 1 program will enable us to achieve our first objective for the year, which is to delineate an initial JORC compliant resource covering the Sandy Creek Zone,” Mr Biddle said.


    “Our work to date has also confirmed the potential to significantly extend this zone,” he said.


    “There is strong geophysical and drill data evidence that the mineralisation at Sandy Creek could extend a further 400m to the west and a further 600m north of the 2006 drill grid,” Mr Biddle said. “We are currently assessing this potential, which will be tested as part of our 2007 exploration program.”


    Mr Biddle said the initial resource estimate, which is targeted for early February 2007, would underpin ongoing exploration activities at the project during 2007.


    “We have now confirmed the potential of the Manbarrum project to host substantial tonnage zinc-lead-silver deposits and our objective will be to build rapidly on the initial resource and move towards the establishment of a very significant metal inventory in the course of the year,” he said.


    - 17 Jan 2007

  • Zink/Blei_EXPLORER vor bfs (bankable feasability study)

    Wednesday, January 17, 2007.


    Tennant Creek Gold to focus on zinc
    ============================


    Tennant Creek Gold says a major zinc find in the Northern Territory north-east of Kununurra is now the company's top priority.


    Drilling work has confirmed zinc, lead and silver deposits at Sandy Creek in the Manbarrum project, just inside the Northern Territory border.


    The company had expected lead would be the primary find but zinc, which is much more valuable, appears to be the dominant metal.


    Tennant Creek Gold intends to spend up to $6 million testing the size of the resource over the next year.


    The company's managing director, Neil Biddle, says the find bodes well for the project.


    "Zinc's worth two-and-a-half times lead on a per-tonne basis, so zinc is preferable to lead, although lead still forms an important by-product, as does silver," he said.


    "But zinc is the dominant metal in the mix."


    Mr Biddle says further testing and environmental assessments mean the Sandy Creek mine is
    at least three to five years away.
    ========================

  • 2007 Gruenspan auf Kupferminen?

    Kupferproduzent in UTAH/Mormonen und Explorer in Mexico.

    Soeben Einstiegsposition ins Depot


    gogh


    Quelle Homepage CCU.TO
    ======================

    "MINERAL PROPERTIES



    Lisbon Valley Mining Co. LLC


    Moab, Utah USA (100% owned)


    Lisbon Valley Mining Co. LLC operates the Lisbon Valley copper mine, located in San Juan County in southeastern Utah. Mining at the site started in September 2005, while crushing and stacking of ore was initiated in October 2005. Production of the first cathode copper is slated for April 2006, with the ramp up to the full annual production capacity of +54 million pounds of copper by mid-2006. Lisbon Valley is the first new copper mining operation to be established in the US in 10 years. The results of exploration drilling in 2005 suggest that significant additional copper resources may be present a short distance to the south of the planned open pits.




    Minera Terrazas S.A. de C.V.


    Chihuahua, Mexico (100% owned)


    Minera Terrazas S.A. de C.V. holds the company’s interest in the Terrazas zinc-copper project located 45 kilometers north of the city of Chihuahua in the state of Chihuahua in north-central Mexico. Exploration work in 2005 defined a significant oxide zinc resource that significantly enhances the value of the project. The primary focus for 2006 will be the completion of a definitive feasibility study evaluating the operating and capital costs and related economics of producing both zinc and copper from the project.



    San Javier del Cobre Property


    Sonora, Mexico (100% owned)


    San Javier del Cobre S.A. de C.V. was set up in 2005 to hold the company’s interest in the San Javier copper property located about 120 kilometers east of the city of Hermosillo in Sonora State, northwestern Mexico. The San Javier property has seen limited past drilling efforts but results suggest that a large deposit of leachable copper may be present. Drilling by the Company will be initiated in March 2006 with the objective of defining a preliminary resource and completing a related scoping study by the end of 2006."

  • 2007 Gruenspan auf Kupferminen?

    Boomende Kupferpreise waren Ende 2006 deutlich gefallen.

    Grund genug 2007 dran zu bleiben?

    Hab´ vor etwas in CU_Mines zu diversifizieren.

    Um Fragen zuvor zukommen und als Disclaimer:



    Es gibt keinen Link,


    nur Gogh´s weiche Birne


    Das schliesst ein. Es gibt Artikel, die werden nur widergegeben,

    weil Gogh das Gegenteil fur zutreffend haelt.


    In diesem Sinne:







    Shanghai Copper Falls to Nine-month Low on Signs of Weak Demand
    =======================================================



    Jan. 16 (Bloomberg) --



    Copper futures in Shanghai fell for a third day, reaching a nine-month low after dropping the daily limit on rising global stockpiles of the industrial metal and speculation that supply will outpace demand.


    Copper inventories monitored by exchanges in London, Shanghai and New York have jumped 59 percent in the past three months to 270,212 metric tons yesterday, the highest level since June 2004. Prices have slumped over 30 percent from all-time highs in May 2006 amid concern the slowing U.S. housing market and falling imports by China are reducing demand for the industrial metal.


    ``We expect copper to continue to fall back in the first quarter, with occasional small rebounds along the way,'' said Li Rong, an analyst at Great Wall Futures Co., today. Investors are increasing their short, or sell, positions, Li said, referring to his company's clients.


    Copper for delivery in March on the Shanghai Futures Exchange fell as much as 2,170 yuan, or 4.0 percent, to 51,990 yuan ($6,675) a metric ton, the lowest since April 5, 2006. The contract settled at 52,620 yuan.


    Metal for immediate delivery in Changjiang, Shanghai's biggest spot market, fell as much as 2,550 yuan, or 4.4 percent, to 54,800 yuan a ton today.


    Copper for delivery in three months on the London Metal Exchange fell $80, or 1.4 percent, to trade at $5,550 a ton at 3:28 p.m. Shanghai time.


    Economic expansion in the U.S., the world's second-largest copper user, slowed in the third quarter to a 2 percent annual rate from 2.6 percent in the previous quarter after home building fell the most in 15 years.


    Chile, the world's biggest copper producer, said yesterday its exports of the metal declined in December to an eight-month low amid signs of weakening demand in the U.S.


    Chinese demand


    Imports by China, the world's biggest copper user, fell 19 percent from January to December last year to 2.1 million metric tons. Growth in China expanded 10.5 percent in 2006, down from 10.7 percent in the first three quarters, National Development and Reform Commission head Ma Kai said Jan. 12 in a statement.


    China's domestic copper prices will fall back ``to some extent'' in 2007 as supply is expected to meet demand, and they will average 60,000 yuan ($7,703) a ton, China's top economic planning body National Development and Reform Commission said on its Web site today.


    Shanghai aluminum also fell, as much as 390 yuan, or 2.0 percent, to 19,500 yuan a ton and settled at 19,690 yuan.


    A futures contract is an obligation to buy or sell a commodity at a fixed price for a specific delivery date.


    To contact the reporter for this story: Xiaowei Li in Shanghai at Xli12@bloomberg.net

  • Western Areas WKN 854 633 ISIN ZAE000016549 WAR Oder Kebble´s Trojanisches Pferd

    Gut dass auf meine paar WAR_Aktien keine Vergnuegungssteuer erhoben wird.


    Gogh



    Gold Fields may adopt R3.5bn mine capex
    =================================



    Quelle:
    Mon, 15 Jan 2007 [miningmx.com] --
    ===========================


    GOLD Fields is considering adopting a feasibility report for the South Deep gold mine developed by Western Areas last year. One of the recommendations is that R3.5bn be spent to about 2010 building production; it is thought a further R2.3bn could be saved over the life of mine by Gold Fields.



    According to the report, South Deep’s mill must be upgraded to 330,000 tons/month from its current 220,000 tons. At current rates, the milling rate is only high enough to produce about 500,000 oz/year of gold production. Gold Fields has already stated ambitions to take production to 800,000 oz/year over time.


    The mill expansion must therefore be a necessary step, estimated in the report to cost about R450m in modular additions. How Gold Fields achieves this is the subject of its current investigations, tragically interrupted by the death of Brendan Walker, Gold Fields head of South African operations.


    Said Willie Jacobsz, Gold Fields spokesman: “We have inherited Western Areas report which we are considering. But in addition, Gold Fields needs to complete the work it is doing to determine potential synergies between existing South Deep and Kloof mine. Only once this is completed can we really comment".


    In addition to increasing the milling capacity, a R500m shaft modification is also required so that South Deep is able to transport more rock out of the mine than currently.


    As for the cost-savings, some R1.1bn could be taken off the expenses sheet over the life of mine by better logistics. Part and parcel of this, is the removal of the joint venture management structure that currently exists at South Deep, representing the interests of Western Areas and former owner, Barrick.


    Gold Fields owns Barrick’s stake in South Deep, but as of the year-end, Gold Fields did not yet own enough of the Western Areas share capital to delist the firm. This raises the prospect that the joint venture, which interfered with decision making in the past at the mine, could continue.


    Other cost savings would be derived by Gold Fields accessing deeper levels of South Deep available by virtue of the underground development of adjacent mine, Kloof. Again, more hoisting capacity would be the main benefit. (There’s also a tax shield from accumulated assessed tax losses and unredeemed capital expenditure of some R3bn to R4bn under which the mine can operate until about 2014).


    In all instances, the focus of the improvements is to take production from South Deep higher from an estimated 200,000 oz in the 2007 financial year to about 500,000 oz, and eventually 800,000 oz/year.




    However, the prospect that Gold Fields has to plough capital expenditure into South Deep raises the obvious question of its funding capability.


    Buying the South Deep mine from Barrick Gold and Western Areas was a major acquisition by world standards. After arranging a credit facility of $1.8bn, Gold Fields’ balance sheet carries some R11.6bn in debt compared to just under R1bn prior to the purchase of the mine.


    The expectation, therefore, is that Gold Fields may have to consider dipping into equity markets sooner rather than later to help control some R11.6bn it currently has in debt up from R991m previously. An unwanted consequence of the debt is that it will restrict Gold Fields’ ability to capitalise on other business opportunities. So it must be tackled.


    But issuing shares may compound the short-term overhang said to be present for Gold Fields. This relates to the issue of new shares equal to 11.6% of its share capital to part pay the $2.5bn price tag South Deep carried.


    “It’s not a question of if but when,” said Georges Lequime, an analyst for RBC Capital Markets commenting on the possibility of Gold Fields issuing shares for cash. “The time bomb starts ticking as soon as Gold Fields transfers the money [about $1.5bn] to Barrick Gold,” he said.



    Click Here to subscribe to our daily newsletterGold Fields’ share price has not really recovered since the risk of a major overhang became evident last year. It has underperformed Harmony Gold since the last weeks of October (but not AngloGold Ashanti which is also suffering the effects of an overhang).


    One interesting aspect of Gold Fields’ purchase of South Deep is the extent to which it directs the company’s future back to South Africa. South Deep takes Gold Fields proven and probable reserves to about 93 million oz, the second largest owner of reserves

  • Western Areas WKN 854 633 ISIN ZAE000016549 WAR Oder Kebble´s Trojanisches Pferd

    Aus Mining Weekly vom 15.01.06

    Gold Fields says repairs done at South Deep mine
    --------------------------------------------------------------------------------

    Repairs to the damaged South Deep mine in South Africa have been completed and normal output should resume in February, majority owner Gold Fields Ltd said on Monday.


    Gold Fields, the world's fourth biggest gold producer, is in the process of buying the remaining shares in South Deep, which has the world's biggest gold deposit.


    An accident last May forced the closure of one of the mine's two shafts, slashing production. A loaded skip fell 1 600 m down a shaft, but no one was injured.


    "The repairs to the skip that fell down the shaft were concluded at the end of December. They are now in the process of recommissioning the whole shaft system," Gold Fields spokesperson Willie Jacobsz said.


    "It should be back to normal production as it was before the accident, probably by February."


    Output at South Deep was 107 946 oz during the three months to end March 2006, the last full quarter before the accident, sliding to 65 064 oz in the quarter to end September.


    Gold Fields also told Reuters on Monday it held 89,2 percent of shares Western Areas Ltd, which owns half of South Deep.


    The Western Areas offer is part of three related deals worth $2,5-billion by Gold Fields to gain control of South Deep.


    Shares in Gold Fields rose 0,45 percent to R123,66, underperforming a 1,22 percent gain in the gold mining index.

  • Western Areas WKN 854 633 ISIN ZAE000016549 WAR Oder Kebble´s Trojanisches Pferd

    WAR sind seit ca. 5 Jahren -mal mehr mal weniger- im Depot.

    Meinetwegen kann Goldfields Delisten oder Kreativ_Buchen.

    Hab´mal was ähnliches bei Harmony versus Abelle durchlaufen.


    Nur weil eine Company ein Klasse_Asset ist, glauben die Majors

    die Privatiers muessten daraus und mit Duennbier vorlieb nehmen.


    Gogh



    » Gold Fields may delist Western Areas
    » Gold Fields not seeking JV drama
    » Gold Fields wraps up South Deep deal


    » JSE:WESTERN AREAS LIMITEd


    Gold Fields kept waiting
    ===================


    Posted: Fri, 12 Jan 2007
    [miningmx.com] -- ATTEMPTS by Gold Fields to vacuum up the last shares in Western Areas, the listed gold stock it controls, may be frustrated by fund management firm, Re:Cm. Its chief investment officer, Piet Viljoen, says it’s not certain his company will take up Gold Fields’s share offer even if the company is delisted.



    Gold Fields has extended its offer of 35 Gold Fields shares for every 100 Western Areas shares, equal in value to about $1bn, to January 26. In terms of JSE regulations, Gold Fields requires 90% to delist Western Areas.


    As of end-December it had about 85% so it’s likely to be able to delist the firm. But Gold Fields needs 94.1% of Western Areas share capital to force other shareholders to tender their shares, which is a different matter. Re:Cm owns between 5% and 6% of Western Areas.


    “We’re undecided and we’re applying our minds. Thankfully, Gold Fields has extended the date of the offer which probably indicates it is having trouble coming up with the last shareholders of which we are one,” said Viljoen.


    The removal of outstanding shareholders in Western Areas is more than just a technicality for Gold Fields. Western Areas represents half of the joint venture board that manages the South Deep gold mine on the west Rand of Johannesburg. Gold Fields wants this joint venture board removed because it has been responsible for decision making logjams in the past. Structurally, the joint venture board is not optimal.


    “It’s termination would immediately pave the way for improved operational efficiencies,” an analyst said.


    Viljoen said one concern, however, was whether his clients would be prejudiced by remaining invested in Western Areas. “I think we’d prefer to be invested in Western Areas but we don’t want to be open to potential Gold Fields oppression.
    With accounting you can do wonderful and weird things,” he said.
    ============================================