Beiträge von gogh

  • IAMGOLD./:GOLDFIELDS; die Hochzeit

    Kapitalerhöhung gegen Sacheinlage
    =============================

    Anschließend Änderung des Firmennamens in Anlehnung

    an Firma des neuen Mehrheitsaktionärs.


    Coming Soon Oder die gogh-Interpretation:
    ==================================

    Altaktionäre werden etwas gehätschelt und dann

    per Squeeze Out mit einer Abfindung vor die Tür gesetzt.

    In Farbe und Breitwand in ca. 2 Jahren zu bestaunen.

    Es wird noch gerätselt, ob Putin eine Hauptrolle als

    Norlisk der Schurke besetzen kann.


    gogh






    BLOOMBERG vom 11.08.04



    Gold Fields to Buy Iamgold in $2.1 Billion Stock Swap (Update2)
    ========================================================


    Aug. 11 (Bloomberg) -- Gold Fields Ltd., the world's fourth- biggest gold producer, agreed to buy Canada's Iamgold Corp. in a stock swap valued at about $2.1 billion, fending off a competing bid from Golden Star Resources Ltd.


    Iamgold will issue 351.7 million shares and combine with Gold Fields' operations outside South Africa, Johannesburg-based Gold Fields said in a statement to South Africa's stock exchange. Holders of Toronto-based Iamgold will get a dividend of 50 Canadian cents a share when the deal is completed.


    Iamgold Chief Executive Joseph Conway has tried to court investors to avoid a takeover by Littleton, Colorado-based Golden Star. That bid, worth about C$1.15 billion ($870 million) expires on Aug. 15. Iamgold shareholders last month rejected a plan to buy Wheaton River Minerals Ltd., prompting Iamgold to invoke a ``poison pill'' plan to win more time.


    ``The board has determined that Gold Fields' transaction is the best alternative for shareholders and clearly superior to the Golden Star offer,'' Iamgold said in a separate statement distributed by Canada News Service.


    Golden Star Chief Executive Peter Bradford and spokesman John Lute couldn't be reached for comment.


    Gold Fields shares fell 0.4 rand, or 0.6 percent, to 65.30 rand in Johannesburg at 3:13 p.m. They have plunged 32 percent this year, giving the company a market value of 32 billion rand ($5 billion). Iamgold shares closed yesterday at C$6.99 in Toronto.


    Venture Stakes


    Iamgold and Gold Fields' assets outside South Africa will be combined into a new company, Gold Fields International Ltd. It will produce about 2 million ounces of gold next year, rising to 2.4 million in 2007, and have proven and probable reserves of 14.6 million ounces, Gold Fields said.


    Gold for immediate delivery traded at $394.05 an ounce in London, down 5 percent for the year. The metal gained 20 percent last year and reached $431.05 an ounce in April, the highest since August 1988.





    Iamgold owns 18.9 percent stakes in the Tarkwa and Damang mines in
    =======
    Ghana, operated by Gold Fields, and the companies have an exploration


    venture in Ecuador.





    Gold Fields' mines in Ghana and Australia account for a third of its
    ==========
    annual production of about 4 million ounces, and it plans to develop a


    mine in Peru. Iamgold gets most of its production from Mali, where it


    holds 38 percent of the Sadiola mine and 40 percent of the Yatela mine.





    South Africa Costs


    Gordon Parker, a Gold Fields board member and the former chairman of Newmont Mining Corp., will be chairman of Gold Fields International. Gold Fields Chairman Chris Thompson, who will be president and chief executive of the new company, said it may be based in Denver and produce as much as 3.5 million ounces of a gold a year within three years.


    In South Africa, Gold Fields is compelled by law to sell 26 percent of local assets to black investors by 2014, and the government has proposed charging a royalty on mining revenue starting in 2009.


    Gold Fields, which is 20 percent-owned by OAO GMK Norilsk Nickel, this year sold 15 percent of its South African assets to black-owned Mvelaphanda Resources Ltd.


    South African miners' profits also have been hurt by the rand's 94 percent surge against the dollar since the end of 2001. The miners pay costs in local currency and sell metal for dollars. Gold Fields posted a net loss of 186 million rand ($30 million) for the three months ended June 30.

  • IAMGOLD./:GOLDFIELDS; die Hochzeit

    die Meldung hat es in sich, ganz frisch,

    habe extrem geküzt, ist prakrisch nur ein "Trailer"

    gogh




    Combination of Gold Fields' international assets with IAMGOLD to create a major new gold producer



    TORONTO and JOHANNESBURG, Aug. 11 /CNW/ - Gold Fields Limited



    (JSE, NYSE:GFI) ("Gold Fields") and IAMGOLD Corporation (TSX:IMG; AMEX:IAG)
    ("IAMGOLD") today announced that they have agreed to combine, the
    international assets of Gold Fields located outside the Southern African
    Development Community ("SADC") with IAMGOLD, in exchange for Gold Fields
    receiving IAMGOLD shares, to create one of the world's largest gold producers.
    Following the completion of the transaction, Gold Fields will own
    approximately 70% of the fully diluted equity of the enlarged company.
    Existing IAMGOLD shareholders will own the remaining 30% of the company, and
    will also receive a special cash dividend of Cdn$0.50 per share at completion
    of the transaction. The enlarged company will become the fourth largest North
    American gold producer and the seventh largest gold producer worldwide.
    Following completion of the transaction, IAMGOLD will be renamed
    "GOLD FIELDS INTERNATIONAL LIMITED" ("GOLD FIELDS INTERNATIONAL") and will
    become an international growth vehicle for Gold Fields and IAMGOLD
    shareholders outside of the SADC region.

  • Thistle Mining

    delete



    forward,
    and contingent forward, gold sales programme over 491,627 ounces. The
    resultant liability will be repaid as if having the profile of a term credit
    facility of approximately US $45 million with maturity corresponding to the
    closed-out hedge programme covering a period up to August 2007.


    Thistle is now a completely un-hedged gold producer.
    %SEDAR: 00005358E

  • Sitz u. Pits in Australia (Goldminen)

    Sulfid und Oxid: da ist das Gold eine chemische Verbindung


    eingegangen und nicht mehr "gediegen vorhanden".


    Die Major-GM haben jede speziell angepaßte Verfahren

    entwickelt, die chemische Verbindung "zu trennen"

    um gediegenes Gold daraus zu gewinnen.

    Eins haben die Verfahren aber gemeinsam;

    sie sind aufwendig (viele Zwischenschritte

    zuletzt heap leaching) und teuer.



    (Heap Leaching wird auch bei gediegenen

    Goldvorkommen angewandt, wenn es sich

    um Erze mit geringen Goldgehalten handelt)


    Manche kleinere Produzenten kriegen die

    Verfahren garnicht in den Griff und gehen pleite

    Das meint Dottore wohl mit "saugefährlich".


    Gruss

    gogh

  • Wie kann eine Silbermünze in Mexiko in Umlauf gebracht werden

    Hab den Aufsatz nur schnell überflogen.

    Folgendes ist mir auf- und eingefallen:


    Eine Edelmetallmünze oder ein Päckchen Zigaretten

    haben Geldfunktion sobald eine erhebliche Anzahl

    Marktteilnehmer diese als Bezahlung annehmen.

    Eine Silbermünze ist sogar besseres Geld als Papiergeld

    sobald ein großer Personenkreis die Silbermünze

    lieber als Papiergeld akzeptiert.


    Das kann in einer Krise sehr schnell und sehr radikal

    passieren. Deshalb wird der Staat zunächst jeden

    einsperren, der Papiergeld nicht akzeptiert. Das sind

    sehr schnell alle und Gefängnisplätze sind nicht

    ausreichend vorhanden.

    Der Staat wird ersatzweise die Silbermünzen einsammeln

    und diejenigen, die sie nicht abgeben einsperren.


    Fazit:

    Seien wir froh und dankbar, als Goldbugs verspottet zu werden.

    Jetzt sind die guten Zeiten für uns.


    Gruss


    gogh

  • Thistle Mining

    unmittelbar besteht kein Zusammenhang. Ist nur was

    für "verrückte Goldbugs".

    Es wird eine Struktur beschrieben, die paßt wie Deckelchen

    auf Töpfchen.


    gogh

    Publisher of Engineering News, Mining Weekly and Polity


    Gold producer opens new shaft at SA mine
    --------------------------------------------------------------------------------

    Gold exploration group Centurion Gold Holdings (CGHI), announced this week that it opened its second shaft, the Stanhope shaft, in its Primrose gold-mine, in South Africa.


    The shaft, which is in a high pay area, is reportedly yielding as much as 800 g of gold per ton and the processing yield has reportedly climbed to 93% recovery of gold, from 59%.


    CEO of Centurion Gold Arthur Johnson reported that the new mine management team, headed by chief operating officer Keith Hart, has been testing different pay areas in the Primrose mine to determine their yield potential.


    “As a result,” Johnson said, "we are focusing on high-grade ore pay areas."


    Moreover, Hart's team is completing the restructuring of the Primrose mine's underground infrastructure. The improvement in the underground infrastructure is making it possible for management to take out more ore, more efficiently and with less labour cost.


    Hart has brought in a team of skilled mine managers, as well as a processing facility manager, who is raising the efficiency of the processing facility.


    Consequently, the processing facility upgrade has improved overall results dramatically. Johnson added that the production of the Waverly shaft, which was the only one operating when CGHI acquired the Primrose gold-mine in February of this year, has risen significantly.


    In April, May and June, the Waverly shaft yielded an average of 10,5 kg of gold a month, versus only two kilograms a month in February and March. In July, Primrose averaged more than 20 kg of gold for the month.


    "We are very excited about the potential of the Stanhope shaft to increase our revenue and accelerate our debt repayment. As a result, we expect to begin earlier than foreseen on our plan to deepen Primrose's current five shafts to access more reefs and increase our overall gold reserves," Johnson said.


    The world's largest producer of gold, South Africa's enormous gold ore reserves represent more than 40% of global reserves. Industry analysts predict that the future of the gold industry in South Africa is dependent on consolidation of mining companies and increased productivity.


    Market leaders, such as AngloGold Ashanti and Gold Fields have benefited from strategic mergers and acquisitions of mining companies owning mineral rights leases in South Africa.




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

  • Sitz u. Pits in Australia (Goldminen)

    Exotisch: Sitz Austral. und Pits in China; gerade drum ne Story

    gogh





    Mineweb vom 05.08.04



    Sino to develop $70m China gold mine
    =====================================



    By: Peter Gonnella
    Posted: '05-AUG-04 09:46' GMT © Mineweb 1997-2004



    PERTH (Mineweb.com) -- Aussie-listed China gold miner Sino Gold [ASX:SGX], in which gold giant Gold Fields [JSE,NYSE:GFI] has an eight percent stake, has given the development go-ahead to the planned US$70 million high-grade Jinfeng project in the Guizhou Province.


    Following the recent 50 percent upgrade in proved and probable open cut and underground reserves to more than two million ounces, Sino – currently the only overseas-based gold producer in China – today (Thursday) announced it had committed to the Jinfeng development of what is slated to become China’s second largest gold mine, behind Hong Kong-listed Chinese-based Zijin Mining’s Zijinshan operation in the Fujian Province.


    Sino is hoping to start construction in early calendar 2005, pending government and mandatory approvals, with a view to commissioning about 12 months later.


    It added that the material increase in reserves had helped to improve the project’s economics, with forecast average cash costs lowered by almost 10 percent (versus the bankable feasibility study estimate) to about US$183 per ounce, while the base-case scenario of projected annual output of 180,000oz from the treatment of 13.4 million tonnes of ore grading 5.4g/t over an initial mine life of 12 years and assuming a gold price of US$375/oz provides an ungeared IRR of 25 percent for 100 percent of the project (Sino holds an 82 percent interest but will fully fund the development).


    Proposed financing of Jinfeng involves a US$40 million debt facility – which would have the effect of increasing the projected IRR to about 33 percent – currently being negotiated and CEO Jake Klein told Mineweb the balance of the capital cost would likely come from internal cash reserves, which have been boosted by an equity raising completed this year.


    Klein is confident of further reserves expansion, with the overall Jinfeng resource (including reserves) standing at 3.5Moz. “There is enormous upside given the exploration successes we continue to have,” he said.


    Jinfeng ore is refractory and Sino says it has chosen the bio-oxidation process (BIOX circuit) to treat a flotation concentrate prior to standard CIL leaching to recover the difficult to liberate gold. Expected gold recoveries are in the order of 85 percent.


    Klein described the Jinfeng development as “a major milestone for the company”, which has produced 400,000oz of gold over the past six years at the Jianchaling mine in Shaanxi Province. It will also be a milestone, albeit a relatively small one, for Gold Fields – who shares other direct and indirect exploration interests with Sino – as Jinfeng will be the South African-based group’s first producing investment in China. Gold Fields executive vice president, Craig Nelsen, hinted at an Aussie conference last week that the company may look at lifting its Sino shareholding at some stage if the timing or opportunity was right.

  • Orezone Resources Inc. WKN 548 225 ISIN CA6859211089 OZN

    Für den, der es mag:



    Publisher of Engineering News, Mining Weekly and Polity



    Resource estimate rises at Burkina Faso gold project
    --------------------------------------------------------------------------------

    South African gold-miner Gold Fields Limited and its junior partner Orezone Resources of Canada yesterday announce an increase in resources for the Essakan main zone (EMZ), located on the Essakan property in Burkina Faso, West Africa.


    The project is a joint venture in which Gold Fields can earn a 50% interest by spending $8-million over five years, and can increase its interest to 60 per cent by completing a bankable feasibility study. To date, Gold Fields has spent some $2,8-million.


    Orezone, on the other hand, is the operator and expects to make an announcement shortly on the budget for the next phase of drilling.


    The companies said yesterday that, based on a gram-a-tom cut off, indicated resources have now climbed to 30,5-million tons or 1,9-million ounces at an average grade of 1,95 g/t. Inferred resources, meanwhile, total 4,4-million tons at 2,00 g/t.


    Measured and Indicated Resources in the EMZ had been calculated by previous operators as being 18.9-million tons or 1,3-million ounces at 2,14 g/t, while inferred resources had been calculated at 5,2-million tons at 1,8 g/t – both based on the JORC Code and a 1.0 g/t cut off.


    The two group’s said the increase in total resources was the result of geological re-modelling and subsequent revision of the resource estimate after drilling confirmed a high-grade core to the EMZ.


    Gold Fields’ regional exploration manager for Africa Vic King stated that: “Our improved understanding of the orientation and geometry of the higher grade zones has highlighted the potential for significantly extending resources down dip and on similar targets along strike on the EMZ. This will be the primary focus of our efforts during the next phase of drilling. Drilling will also be carried out at the Falagountou, Gossey and Sokadie prospects, which are all located around the EMZ on the Essakan property. Infill drilling at the exciting Falagountou prospect will be carried out to confirm the geometry and continuity of the discovery and also extend this highly prospective zone southward”.


    Orezone’s President and CEO Ron Little commented that: “While the existence of high grade veins in the EMZ has always been known, they have now been better reflected in the resource calculation which has resulted in the indicated resource increasing by almost 50 per cent. Alternatively, the grade of the indicated resource can be increased to 2.42 g/t by raising the cut off to 1,5 g/t and we still have more ounces than were in the previous estimate”.

  • Harmony Gold Mining / HMY (NYSE), HAR (SA) und Gold Fields / GFI

    delete




    ITAR TASS vom 04.08.04


    Russia’s Norilsk Nikel not to cede assets to Gold Fields Ltd
    =================================================




    04.08.2004, 10.39




    MOSCOW, August 4 (Itar-Tass) - Russia’s Norilsk Nikel does not plan transferring gold assets to Gold Fields Ltd in exchange for an increase of its stake in this South African company, PRIME –TASS said, quoting the company’s press service as saying that such reports do not correspond to fact.


    Norilsk Nikel is the largest shareholder of Gold Field (20 percent). The stake was bought last spring from Anglo American plc for 1.16 billion dollars.


    Norilsk Nikel also has 100 percent of shares of the gold mining company Polyus from the Krasnodar region, 50.6 percent of shares of Matrosov Rudnik (Magadan region) and a 65.87 percent stake in Lenzoloto (Irkutsk region).


    The 2003 gold output of Norilsk Nikel was 40 tonnes and it was similar this year.


    The company is going to increase the gold output to 100 tonnes by 2009.


    Gold Field Ltd is one of the world’s largest gold producers whose annual output is 4.3 million troy ounces (one ounce is 31.1 grams).


    The company’s reserves are put at 84 million troy ounces.


    It is pursuing projects in Africa, Europe, America and Australia, and its paper is sold at Johannesburg, London and New York stock exchanges