Beiträge von Kuddel

    Der Kurs von VMS Ventures macht in den letzten Tagen Freude. Die Nachrichten sind positiv:



    VMS Ventures Reports Drill Testing of Nickel Targets to Commence on the Lynn Lake Gabbros Project, Manitoba


    13:17 EDT Tuesday, April 10, 2007


    VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to announce that diamond drilling will commence shortly at the Company's Lynn Lake Gabbros Nickel Properties. A drill contractor has been hired and equipment is now arriving in Lynn Lake. VMS Ventures holds a dominant land position in the Lynn Lake Nickel Mining Camp, which is historically the third largest nickel producing camp in Canada.


    Exploration Program:


    Between July 2005 to April 2006 approximately $215,000 in exploration expenditures were made on the properties producing a high resolution Magnetic and EM geophysical airborne survey, and a deep penetrating IP geophysical survey. Several new prospective anomalies were identified and appear to be related to sulphide mineralization at depth. Of particular interest, they appear to be vertically oriented bodies, which is important as the nickel-copper ore bodies in the Lynn Lake nickel mine occur as vertically-oriented massive and disseminated nickel-copper sulphide lenses.


    The planned drill program will test 3 to 5 of the IP anomalies detected on the Carr Lake and Frazer Lake claims, subject to surface access and ground conditions. The top of the targets, as projected in the 3D interpretation, vary from 100m to 250m depth from surface. All of the targets are untested and have not undergone previous drilling. Dr George Gale, VP Exploration states, "This first drill program is important and if successful, the Company will be making the first new discovery of nickel mineralization outside of the old mine workings in 4 decades. Also this will prove the effectiveness of using modern geophysical surveys in the search for new deposits which lay beneath the penetration limits of older geophysical surveys."


    Nickel Camp History:


    Sherritt Gordon Mines Ltd. mined the Lynn Lake nickel-copper deposits from 1953-1976. The mined deposits were discovered in two mafic-ultramafic intrusive bodies, known as the "Main" and the "El" gabbroic plugs. The Main and El gabbroic plugs produced 20,151,146 tonnes of ore at an average grade of 1.023% Ni and 0.535% Cu from three mines over a 24 year period.


    VMS Ventures Land Position:


    VMS Ventures claims cover 5 of the 7 known Lynn Lake gabbroic plugs in the camp. The two gabbroic plugs not held by the Company, the "A" and the "El", are being explored by Independent Nickel Corporation (INI.V) and Western Areas NL (WSA.T) respectively. The Company holds all the remaining Lynn Lake gabbroic plugs in the camp.


    The Company's claims comprise 4 separate claim groupings, the Ralph Lake, Frazer Lake, Carr Lake and Norrie Lake, covering a total area of 38.83 square kilometers giving it the largest land position over Lynn Lake gabbro bodies in the camp. The northern boundary of the Frazer Lake claim group comes within 200m of the claim which covers the "EL" plug that produced approximately 1.0 million tons ore grading 3.3 per cent nickel, 1.1 per cent copper to a depth of 270 metres.


    The Company holds the option to earn a 100% interest in the claims subject to an NSR. All technical information in this release has been reviewed by Dr. George Gale, P.Eng, Vice President of Exploration, VMS Ventures Inc. Lynn Lake is located in Northern Manitoba, 320 kilometres by road, northwest of the nickel smelter at Thompson and has significant infrastructure including an airport, all weather road access, hydroelectricity and a rail line. Manitoba was recently rated by the Fraser Institute as the best location in the world for developing a mine.


    VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest package of land considered prospective for nickel-copper mineralization at Lynn Lake, which, historically, is Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.


    ON BEHALF OF THE BOARD OF DIRECTORS


    John Roozendaal, President

    Könnte was geben mit Gold Fields. Aber man erinnere sich, dass auch Harmony zusammen mit Norilsk Nickel schon einmal den Versuch gestartet und sich die Zähne daran ausgebissen hatte. Harmony kaut heute noch daran.


    siehe Link:
    http://www.businessday.co.za/P…iendly.aspx?ID=BD4A435283



    Posted to the web on: 12 April 2007
    Gold Fields shines on talk of US buyout bid
    Charlotte Mathews
    --------------------------------------------------------------------------------
    Resources Editor


    MARKET interest in Gold Fields surged yesterday after media reports that little-known US financier Edward Pastorini could lead a group of five gold mining companies bidding for the group.


    Gold Fields shares gained as much as 11% to a peak of R152,50 after the reports, but gave up much of the gain to close up 3,5%.


    Bloomberg, citing internal documents and an interview with San Francisco-based Pastorini, said Pastorini planned to accumulate a stake of about 10% in Gold Fields by June or July before making an offer in cash, shares and bullion dividends. The basis of his offer was his belief, shared by private equity firms and corporate raiders, that gold would rise to more than $1000/oz in the next two to three years, he told the news agency.


    If it materialises, this would be the second bid for Gold Fields in three years, after Harmony Gold Mining launched a R24,5bn hostile bid in 2004, which eventually fell through because of a high court ruling.


    The disclosure of Pastorini’s strategy, which would inevitably drive up the price of Gold Fields, is curious, as is the fact that Pastorini is unknown to seasoned investors. Gold Fields head of corporate affairs Willie Jacobsz said Gold Fields had never had any contact with or heard of Pastorini.


    Cadiz African Harvest Asset Management fund manager Peter Major said this could be a genuine intention to bid, which was not intended to be leaked to the market, by an entrepreneur who had spotted an opportunity in the rising gold price environment.


    On a more cynical view, it could also be a strategy — by an investor who had bought Gold Fields shares at R113,50 in its recent capital-raising — to drive up the price in the short term and no bid would materialise. Major thought the second possibility was less likely.


    Gold Fields head of investor relations Nerina Bodasing said that after Gold Fields’ recent capital raising, volumes of trade in the shares had increased but Gold Fields had not noticed any particularly unusual activity. The group’s biggest shareholders, with just under 10%, were Capital Research & Management, followed by Old Mutual Group and Black Rock Investment Managers, both with about 7%.


    Gold Fields had heard rumours about a potential bid but had been unable to verify them, Bodasing said. As no formal offer had been received, Gold Fields could not comment on any steps it might take. In principle, Gold Fields was not opposed to a bid as long as it offered value to shareholders. The board was obliged to consider any serious offer.


    T-Sec analyst Nick Goodwin said on some valuation measures, Gold Fields shares looked cheap compared to the other major gold producers. Based on market capitalisation per reserve ounce, Gold Fields was valued at about $148/oz against Barrick’s $288/oz, Newmont’s $221/oz and AngloGold’s $191/oz, although most of Gold Fields’ reserves were in SA, which attracted a discount.


    But based on a discounted cash flow valuation over the life of its mines, which T-Sec estimated at R143 a share, Gold Fields was correctly priced.


    Various analysts suggested the gold companies involved in Pastorini’s bid could include Barrick Gold, which took some Gold Fields shares when Gold Fields took over Western Areas, as well as Newmont and AngloGold Ashanti.


    Two other parties that acquired small parcels of Gold Fields shares through the Western Areas bid include JCI and Harmony. JCI spokesman Brian Gibson said that at the right price JCI would consider an offer for its 2,1-million Gold Fields shares. The right price was significantly higher than the level at which Gold Fields had been trading, even yesterday, he said.

    Gold Fields ist auch nicht ohne Probleme, wie andere SA-Minen.


    siehe Link:
    http://www.busrep.co.za/index.…Id=566&fArticleId=3773709




    Production problems likely to knock output at Gold Fields
    April 11, 2007


    By Eric Onstad


    Johannesburg - Production problems at Gold Fields' South African Beatrix mine and in Australia would lead to weaker third-quarter output than expected, analysts said yesterday.


    Gold Fields declined to comment yesterday, noting that the company was in a closed period ahead of results being released for the quarter to March.


    In January, when Gold Fields posted its previous results, it said output for the third quarter was expected to rise between 2 percent and 4 percent from the 1.015 million ounces produced in the previous quarter.


    "It's not going to be too hot," an analyst said, referring to production for the third quarter.


    Analysts said overall production was likely to be flat, despite the inclusion of a full-quarter's production from its recently acquired South Deep mine for the first time.


    Three analysts who declined to be named said one reason for lower output at Beatrix was that methane had been encountered during mining operations.


    Gold Fields spokesperson Willie Jacobsz said methane was a natural occurrence at Beatrix and there were safety procedures in place to deal with such incidents.


    "There have not been any extraordinary methane occurrences at Beatrix [recently]. Methane is not a problem," he said. He declined to say if there had been other problems that had led to weaker output.


    Beatrix produced 149 500 ounces of gold during the quarter to December, 15 percent of the group's total production.


    At the last results presentation, Gold Fields forecast that output at Beatrix for the quarter to March would be marginally lower because of the effect of lost working days during the holiday break.


    In January, Gold Fields said it expected output at its St Ives mine in Australia to rise slightly, and production at its other Australian operation, Agnew, to exceed 60 000 ounces compared with 53 000 ounces in the quarter to December.


    St Ives produced 124 600 ounces of gold in the previous quarter. Gold Fields is due to release third-quarter results on May 3. - Reuters

    Jahresbericht DOMINION 2006, siehe Link:


    http://sa.iguana2.com/cache/b3…e4af43/ASX-DOM-352445.pdf


    Auszug:
    22 February 2007
    DOMINION ANNOUNCES RECORD $14.4M HALF YEAR NET PROFIT,
    4 CENTS PER SHARE INTERIM DIVIDEND


    KEY POINTS


    · $14.4 million net profit after tax and 4 cents per share interim dividend.
    · Gold production for the 6 months of 50,306 ounces at a cash operating cost of A$332/ounce.
    · Group cash and bullion of $24.7 million at 31 December 2006.
    · Increased Challenger gold Ore Reserves of 293,500 ounces announced with total Mineral
    Resources increasing by 312,000oz to 686,300 ounces.
    · Substantial increase in exploration budget to $6.0 million over the 6 months January – June 2007.
    · Significant reserve upgrade drill program, targeting a 500,000oz reserve by 30 June 2007
    commenced.

    Schöner Bericht von LIHIR GOLD.
    Nachzulesen unter: http://sa.iguana2.com/cache/ac…ddf5b/ASX-LHG-157217.pdf.


    Vorwärtsverkäufe nehmen 2007 keinen so großen Raum mehr ein.
    Auch wenn der Kurs schon schön gestiegen ist, sollte wohl noch mehr Luft drin sein.


    Auszug aus dem Bericht:


    FINANCIAL RESULTS FOR YEAR ENDED 31 DECEMBER 2006


    Financial Performance:
    • Net profifi t of $53.8 million for the year, $30.7 million
    for the second half
    • Operating cashflfl ow of $58.7 million for the year and
    $14.8 million for the six months to December
    • Revenues of $310.4 million, and $161.3 million
    for the six months to December
    • Total cash costs at $297 per ounce for the full year,
    reducing to $283 for the fi nal six months.


    Outlook
    • Production in 2007 to increase to approximately
    800,000 – 830,000 ounces
    • First half production approximately
    330,000 – 350,000 ounces
    • Material movements in 2007 to exceed
    60 million tonnes
    • Ore processed through autoclaves to be
    approximately 4.3 million tonnes
    • Addition of flfl otation circuit will lift gold grade
    through autoclaves to an average of approximately
    6.6g/tonne in 2007.

    Die Meldung ist zwar schon etwas älter, aber bisher hier gar nicht kommentiert worden (wenn ich nicht etwas übersehen haben sollte).
    Sumitomo Corp. wird sich schon was dabei gedacht haben. Apex Silver hat dadurch genug "Pulver".



    Apex Silver Forms Strategic Alliance with Sumitomo Corporation


    08:00 EDT Monday, September 25, 2006


    DENVER, September 25 /CNW/ - Apex Silver Mines Limited (AMEX: SIL) today announced the formation of a strategic alliance with Sumitomo Corporation, a diversified international company whose business operations include major interests in mining, metal products, transportation and construction systems, finance and logistics. Under the agreement, approved by the respective Boards of Directors, Sumitomo will acquire a 35% participating interest in Apex Silver's San Cristobal open-pit silver-zinc-lead project located in southwestern Bolivia and will be granted a two-year option to earn a 35% share of certain Apex Silver exploration projects located in Peru, Mexico, Argentina and Bolivia. In exchange, Apex Silver will receive consideration consisting of:
    -- Cash amounting to $224 million
    -- Deferred silver payments consisting of 22.86% of Sumitomo's share of future payable silver production from San Cristobal (currently projected to amount to over 20 million ounces of payable metal accrued to Apex Silver) plus payments related to additional reserves and mine extensions
    -- Deferred zinc payments equal to the dollar value of 20% of Sumitomo's share of payable zinc production from San Cristobal (currently projected to amount to approximately 200,000 tonnes of payable metal subject to the payment) plus payments related to additional reserves and mine extensions, multiplied by the amount by which the London Metal Exchange price of zinc exceeds $1,800 per tonne. On September 22, 2006, zinc prices on the London Metal Exchange were quoted at $3,400 per tonne.
    -- Assumption by Sumitomo of its 35% share of: San Cristobal's project financing, ultimately to total $225 million, and San Cristobal-related derivative liabilities, which at June 30, 2006 were stated at $130 million.
    Closing of the transaction requires completion of certain procedural steps expected before the end of September 2006. Sumitomo will participate in any capital under- and over-run related to San Cristobal. Apex Silver will remain the operator of San Cristobal which is on track to begin production in the third quarter 2007.
    "We welcome Sumitomo as our strategic partner," said Jeffrey G. Clevenger, Apex Silver's President and Chief Executive Officer. "Sumitomo's proven track record of partnerships in major mining operations around the world will solidify the successful development of San Cristobal." Sumitomo's other mining partners include Newmont, Teck Cominco, Phelps Dodge, Rio Tinto and Penoles with whom the company has joint ventures in gold, silver and copper mining operations located in the U.S., Chile, Peru, Mexico, Indonesia and Australia.
    "Upon completion of the Sumitomo transaction, Apex Silver will be a stronger company. With the San Cristobal project fully financed and over $400 million in unrestricted cash and liquid investments, the company will be well positioned to make further strides in building lasting shareholder value," added Mr. Clevenger.
    "We are looking forward to a mutually beneficial strategic relationship with Apex Silver," said Mitsuhiko Yamada, Executive Officer of Sumitomo. "Our partner has a first-rate team which has advanced the development of San Cristobal in a highly professional and socially conscious manner. We are confident that Sumitomo's involvement will further strengthen the time-tested bonds that exist between the peoples of Bolivia and Japan."
    Apex Silver is a mining exploration and development company. The Ordinary shares of Apex Silver trade on the American Stock Exchange under the symbol "SIL."

    Aus Business Day:
    Posted to the web on: 05 February 2007


    Harmony sets blistering pace to beat mining’s seasonal decline


    Charlotte Mathews
    --------------------------------------------------------------------------------

    HARMONY Gold Mining kept up its blistering pace of underground development in the December quarter with the aim of improving its grade to 5,5g of gold a ton by the end of this year.


    Commenting on the group’s December quarter on Friday, CE Bernard Swanepoel said Harmony hoped not to show the usual decline of 8%-10% in volumes in the March quarter that is traditionally reported by South African gold mining companies. The industry includes the 10-day Christmas break in its March quarterly report, not in the December quarter.


    Harmony’s volume decline could be less than the industry’s because remedial action has been taken at its quality mines, where tonnages and grades declined in the December quarter, and it expects to achieve its target of developing close to 45km of new working face by mid-year. The development of new working areas should help Harmony achieve more consistent grades of ore mined.


    In the December quarter, Harmony reported headline earnings of 44c a share, down from 66c a share in the September quarter. Total revenue was marginally lower at R2,7bn from R2,8bn in the September quarter as gold produced fell 3,8% to 18724kg, reflecting an average underground grade of 4,78g/ton from 5g/ton in the September quarter, while cash costs rose 6,8% to R104132/kg.


    Net profits rose to R468m (R277m) because of the inclusion of an accounting profit of R236m on the conversion of Harmony’s shares in Western Areas to Gold Fields’ shares under the Gold Fields’ offer to buy out all the shareholders in the South Deep mine. Swanepoel said Harmony would sell its shares in Gold Fields once Gold Fields’ recent capital raising had settled.


    Investec Securities analyst Leon Esterhuizen said the results for the December quarter were disappointing. Although he had no doubt that Harmony would improve in the March quarter, given the circumstances in the December quarter he doubted whether the improvement would be as significant as predicted.


    Harmony’s shares reflected market disappointment, falling 3% or 299c to R95 after the results were released, compared with a 0,7% decline in the rand gold price. Harmony spent R345m on operational capital and R226m on developing projects in the December quarter, which include Doornkop South Reef, Elandsrand, Tshepong North Decline and the Phakisa shaft in SA and a new mine being built at Hidden Valley in Papua New Guinea. Swanepoel said significant progress had been made in building the access road to Hidden Valley and Harmony was also holding discussions with Rio Tinto on the royalty due to Rio Tinto. If talks were successful, it would improve cash costs at the mine by more than $10/oz.


    Apart from these projects, Harmony’s board has also approved an additional R18m to conduct pre-feasibility studies on Harmony’s Mega dumps. In November it said it was investigating the viability of spending R1,2bn on treating the slimes dams at Evander, Randfontein and Welkom. Harmony is also looking at ways to extract value from its uranium assets and hopes to define a uranium resource by June. At the group’s Target mine, where infrastructural restrictions were making mining “like trying to suck yoghurt through a straw”, Harmony would consider recapitalising the fleet so that the mine could optimise its grades and tonnages, said Swanepoel.

    Aus Business Day vom 14.12.2006:


    World Bank predicts slower growth for SA


    Jonathan Katzenellenbogen
    --------------------------------------------------------------------------------
    International Affairs Editor


    ECONOMIC growth in SA will slow to 3,6% next year, according to a new World Bank report, but there should be no hard landing.


    In its Global Economic Prospects 2007, the bank presents a bullish view for globalisation and the world economy, pointing to a rapid expansion of the middle class in the world economy and good prospects for mass alleviation of poverty.


    The prediction of growth of 3,6% next year is well below the national treasury’s forecast of 4,3% presented by Finance Minister Trevor Manuel in the medium-term budget policy statement in October.


    The treasury’s forecast period is March to February and the World Bank’s is for the entire calendar year.


    The World Bank also estimated that the local economy would grow at 4,6% this year, while the treasury estimated in the medium-term budget policy statement that GDP growth would be 4,5%.


    Reasons for slower growth were weaker domestic demand following interest rate hikes, the weaker rand and higher inflation, the bank said.


    However, it emphasised that “a hard landing is not anticipated — in part because the depreciation of the rand should boost output in the export sector”.


    The report said the mining and manufacturing sectors should do particularly well with the weaker rand. It also said growth would be helped by the increase in government infrastructure spending ahead of the 2010 Fifa World Cup.


    In its forecast for SA, the World Bank also predicted that inflation would rise to more than 6% next year.


    Last week, Reserve Bank governor Tito Mboweni said he expected the Bank’s inflation target measure of consumer prices less mortgage increases, CPIX, to exceed the 6% upper level of the inflation target range in the second quarter of next year. “Thereafter, CPIX inflation is expected to follow a downward path to just above 5% at the end of the forecast period in 2008,” he said.


    The Reserve Bank has raised the repo rate four times this year to 9% to curb a consumer spending spree that threatens to push inflation above the target.


    The World Bank report also predicted an easing in the second half of the year as weaker private consumption offsets inflationary pressures stemming from higher import costs, a weaker rand, and higher construction costs as infrastructure investment picks up.


    For the world economy, the Bank predicted average annual growth of 3% to 2030 — 2,5% for high-income countries and 4,2% for developing countries.

    Lesenswertes Interview aus Business Day
    Posted: 2006-10-06 23:59


    Not coming back
    --------------------------------------------------------------------------------
    Presenter: Lindsay Williams Guest(s): Toni Joubert


    South Africa’s self-exiled experts aren’t coming back - a market research survey reveals only 30% of the “scatterlings of South Africa” would consider returning. With Toni Joubert from Research Surveys


    LINDSAY WILLIAMS: Toni, how would you characterise these “scatterlings” - what do you mean by experts?


    TONI JOUBERT: The people we interviewed were any South Africans who had left the country to live abroad - that could have been permanent, or temporary in terms of a couple of years.


    LINDSAY WILLIAMS: So well-educated people with degrees like MBAs that left South Africa for whatever reason - and however long ago - and now despite what’s going on here they’re not being enticed back. Have they given any reasons as to why they wouldn’t come back?


    TONI JOUBERT: Yes, they did. There really was a distinct difference between the third that would come back and the rest who weren’t interested. Firstly, the reasons they left were economic - for work opportunities - and secondly the whole problem with crime. The reason those who wouldn’t come back is mainly because they’ve made their lives elsewhere - and quite frankly they’re the ones who don’t believe in the future of South Africa. They love South Africa, they’re very patriotic, they’re proud to be South Africans - but they just don’t see that the future is positive. Of course the crime rate is the big problem…


    LINDSAY WILLIAMS: Is it to do with inertia? When you are 18 or 19 years old it’s not that easy to get up and move somewhere else - presumably these experts are 35 to 55 and it’s not easy to come back home again is it?


    TONI JOUBERT: Yes. The people who were willing to come back tended to be younger - your 25 to 35 year olds. The ones who were less likely to come back are certainly the older South Africans or ex-South Africans with families - they’re more settled and they’ve made their lives elsewhere.


    LINDSAY WILLIAMS: You talked about crime - from a local perspective in the last few months it really seems the crime issue has gone right back to the top of dinner table discussions. Is it a real factor, and is it right at the top of the list of reasons not to return to South Africa?


    TONI JOUBERT: It is, but it’s not the only thing. The other very big reason is simply the economics of it - these people are earning good salaries, they’re in good jobs, and they’re in good positions. They have a very real perception that the opportunities - if they had to come back to South Africa - would never be able to equal the opportunities that they have in the country they are currently living in.


    LINDSAY WILLIAMS: Despite the fact that if you look at the McDonalds Big Mac Index and our purchasing power they still don’t believe it’s worthwhile?


    TONI JOUBERT: No, they don’t. Unfortunately I got a very clear indication that there’s a big perception that there’s reverse discrimination - that they don’t have opportunities back in South Africa.


    LINDSAY WILLIAMS: Is politics right up there?


    TONI JOUBERT: Politics to a certain extent, but it’s more just the feeling that they wouldn’t be able to get the kind of jobs that they can get elsewhere.


    LINDSAY WILLIAMS: The skills factor in South Africa is becoming a big one from the bottom end at artisan level right up to senior management level. Do you think the survey results you’ve just released indicates the experts won’t come back in order to fill the vacancies that are undoubtedly here?


    TONI JOUBERT: I actually prefer to look at it the other way round - a third of these people would be willing to entertain the idea of coming back, so why don’t we target them? The message that I got out of this research is that the people who are willing to come back are the people who really care about South Africa - who are really patriotic, and frankly they’re willing to overlook the negatives in this country because they feel so strongly about the ties that they have here, the family that they have here, and the patriotism that they feel towards South Africa. If we can focus on those people and their emotional reasons for coming back we stand a chance of bring certain people back - but don’t waste your time with the others because they’ve made their lives elsewhere.


    LINDSAY WILLIAMS: A major bank has been involved in a homecoming marketing and advertising campaign - is that nonsense?


    TONI JOUBERT: I wouldn’t say it’s nonsense. I look at it the other way - if we look at the third of the people surveyed who are willing to come back there’s a really big opportunity. They actually do want to make a contribution to this country, and from the statistics of all the people surveyed 57% - just over half of them - actually do want to make a positive contribution to South Africa. Those are the kind of people we need to harness.


    LINDSAY WILLIAMS: Which countries have plundered our experts?


    TONI JOUBERT: That’s a double question. The majority of South Africans living abroad are in the UK, but the people living in the UK are the ones that are more likely to return - they’ve gone for a couple of years or so, and they’re happy to come back in the future. There are fewer South Africans living in Australia and New Zealand, but they are very unlikely to come back.


    Nähere Untersuchungsergebnisse siehe:


    http://www.researchsurveys.co.…%20-%20Toni%20Joubert.pdf

    Wer FSR hat, kann noch bis zum 13.9. entscheiden, ob er für 2 FSR = 1 FR bekommen will oder eine Barabfindung von 2,165 CAD je FSR-Aktie nimmt. Die Barabfindung ist derzeit höher als der aktuelle Aktienkurs, allerdings soll die Auszahlung in 2 Raten erfolgen (2. Rate nach einem Jahr mit 6 % Verzinsung).


    Voraussetzung für die Fusion ist die Zustimmung der FSR-Hauptversammlung am 7.9.2006 gewesen. Darüber finde ich noch keine Notiz.


    Kuddel

    Posted to the web on: 06 September 2006


    Putin promises huge new investment in SA


    Wyndham Hartley


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


    Parliamentary Editor


    CAPE TOWN — Russian President Vladimir Putin began his historic visit to SA yesterday by announcing that Russian companies were poised to invest billions of rand in the country in areas such as mineral exploration, mining and the provision of nuclear fuel.


    Putin began his two-day visit, the first by a Russian Federation head of state to sub-Saharan Africa, with a meeting with President Thabo Mbeki and members of the cabinet.


    This was in preparation for the signing of four key co-operation agreements between the two countries, and to lay the ground for the potential investments.


    Speaking at a media conference after meeting with Mbeki, Putin said a Russian company was set to invest $1bn, and that other investments were possible in the areas of power generation and aluminium smelting, as well as for supplying nuclear fuel to satisfy SA’s needs up to 2010.


    Later yesterday, Putin had discussions with diamond giant De Beers’ chairman Nicky Oppenheimer during the signing of a memorandum of understanding between De Beers and Alrosa, the South African and Russian firms that account for about 75% of the world’s diamond mining.


    Mbeki used Putin’s official visit yesterday to announce that SA would take up a nonpermanent seat on the United Nations Security Council in January, and would rely on Russia for co-operation on delivering in its new role. Mbeki, addressing a press conference after his meeting with Putin, spoke of SA’s membership of the security council as a certainty and said he was “very pleased” that SA would be able to count on its relationship with Russia in discharging its responsibilities as a nonpermanent member of the council in the next two years.


    Three African countries serve as nonpermanent members at a time and this will be the first time that SA has held the position.


    Spokesman for the foreign affairs ministry Ronnie Mamoepa said SA’s membership of the security council had been endorsed by the African Union in July and “we are confident that when the formal elections are held in October, SA will be endorsed by the world”. Once elected to the seat, SA was expected to assume the presidency of the council in March, he said.


    Mbeki, in response to a question, said that SA and Russia had co-operated on international matters in the past.


    He said they had worked together in the International Atomic Energy Agency in attempting to find a diplomatic solution to the impasse over Iran and its nuclear aspirations.


    He said the issue over a security council position was that SA would be in a position in which it would have to take detailed positions in resolutions before the council and the experience of Russia would be invaluable to SA making a contribution.


    The intensification of co-operation would empower SA in discharging its responsibilities, he said.


    Both leaders also wel-comed the initiative taken by Russian and South Afri-can business leaders for the creation of a Russia-SA Business Council.


    Mbeki said business leaders from both sides had taken the lead in launching the council (today). As trade between the two countries expanded, business would need the support of the council.


    With Reuters

    Posted to the web on: 06 September 2006


    Putin promises huge new investment in SA


    Wyndham Hartley


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

    Parliamentary Editor


    CAPE TOWN — Russian President Vladimir Putin began his historic visit to SA yesterday by announcing that Russian companies were poised to invest billions of rand in the country in areas such as mineral exploration, mining and the provision of nuclear fuel.


    Putin began his two-day visit, the first by a Russian Federation head of state to sub-Saharan Africa, with a meeting with President Thabo Mbeki and members of the cabinet.


    This was in preparation for the signing of four key co-operation agreements between the two countries, and to lay the ground for the potential investments.


    Speaking at a media conference after meeting with Mbeki, Putin said a Russian company was set to invest $1bn, and that other investments were possible in the areas of power generation and aluminium smelting, as well as for supplying nuclear fuel to satisfy SA’s needs up to 2010.


    Later yesterday, Putin had discussions with diamond giant De Beers’ chairman Nicky Oppenheimer during the signing of a memorandum of understanding between De Beers and Alrosa, the South African and Russian firms that account for about 75% of the world’s diamond mining.


    Mbeki used Putin’s official visit yesterday to announce that SA would take up a nonpermanent seat on the United Nations Security Council in January, and would rely on Russia for co-operation on delivering in its new role. Mbeki, addressing a press conference after his meeting with Putin, spoke of SA’s membership of the security council as a certainty and said he was “very pleased” that SA would be able to count on its relationship with Russia in discharging its responsibilities as a nonpermanent member of the council in the next two years.


    Three African countries serve as nonpermanent members at a time and this will be the first time that SA has held the position.


    Spokesman for the foreign affairs ministry Ronnie Mamoepa said SA’s membership of the security council had been endorsed by the African Union in July and “we are confident that when the formal elections are held in October, SA will be endorsed by the world”. Once elected to the seat, SA was expected to assume the presidency of the council in March, he said.


    Mbeki, in response to a question, said that SA and Russia had co-operated on international matters in the past.


    He said they had worked together in the International Atomic Energy Agency in attempting to find a diplomatic solution to the impasse over Iran and its nuclear aspirations.


    He said the issue over a security council position was that SA would be in a position in which it would have to take detailed positions in resolutions before the council and the experience of Russia would be invaluable to SA making a contribution.


    The intensification of co-operation would empower SA in discharging its responsibilities, he said.


    Both leaders also wel-comed the initiative taken by Russian and South Afri-can business leaders for the creation of a Russia-SA Business Council.


    Mbeki said business leaders from both sides had taken the lead in launching the council (today). As trade between the two countries expanded, business would need the support of the council.


    With Reuters

    Wie geht es mit Harmony weiter ?
    Da sind sich auch die Analysten nicht sicher.
    Siehe nachstehenden Artikel von heute.


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


    Posted to the web on: 08 August 2006


    Swanepoel battles to put shine back into Harmony


    Rob Rose
    Chief Reporter



    HARMONY Gold CEO Bernard Swanepoel spent hours yesterday telling investors why the company’s prospects were shining brighter, but it was hard to ignore the fact that the world’s sixth-largest gold miner slumped to yet another loss despite a sky-high gold price.


    What makes Harmony’s results for the June quarter worrying was that it posted a R41m loss at a time when a rampant gold price meant it was selling gold for R131358/kg — a price 47% higher than the R89711/kg it sold gold for a year ago.


    The market was not impressed, as Harmony shed nearly R2bn of its R40bn market value with the share price plunging 5% on the JSE.


    Swanepoel spoke of “restoring Harmony’s credibility” yesterday to a hall of analysts sceptical with Harmony’s costs inching up while the grade of gold it is getting from the ground is dropping.


    Once the darling of investors for taking marginal mines and making them profitable, Swanepoel has found his credibility somewhat tarnished in recent years as he was unable to deliver on his promises to swing Harmony back into profit. While there were some analysts yesterday who remarked that Harmony “may have reached a turning point”, there were others who asked if Harmony could ever translate its “Harmony way” of gold mining into profits.


    Investec Securities analyst Leon Esterhuizen said there were still “very serious issues” at Harmony.


    “It’s a screaming indictment that with a rand-gold price at these exceptional levels, Harmony has still not managed to turn a profit,” he said.


    The 40% rise in the gold price in the past year, and a weakening of the rand against the dollar meant Harmony got more money for the gold it sold.


    Esterhuizen said that even though Harmony ramped up production 6% in the past three months “the grade of gold it mines seems to have collapsed”.


    The grade in Harmony’s South African underground mines dropped 9% to 4,70 grams of gold a ton mined, compared with the grade it was getting last year. When Harmony’s Australian operations were included in the figure, the grade dropped to 3,48 grams a ton.


    This meant Harmony pulled more rock out of the ground for less reward, and the amount it had to spend to get a kilogram of gold rose 1% to R93968.


    “If Harmony was still getting good grades out of the ground with these kind of volumes, then these results would have been exceptional. But it isn’t the case,” said Esterhuizen.


    Mandla Mapondera, an analyst at Old Mutual Asset Managers, described the results as “very disappointing”, primarily because of the fall-off in the grade of gold mined.


    But even though Harmony had a R41m loss, this was a better performance than previously. This time it had a R343m operating profit, compared with the R136m operating loss in the previous June quarter.


    Harmony was perhaps unlucky to be hit by unusual factors. These included an unusually large R317m in deferred tax, while it also took a R105m hit on its bottom line because it had to include its share of losses at Western Areas, of which it owns 29%.


    Another analyst said the results indicated that Harmony might have “turned a corner”, which could soon see it make an profit, “depending on your view of the gold price”.


    Swanepoel conceded that “we are still below where we want to be”, and the company was “operating on perhaps three out of four cylinders. We can regain our operational credibility not by talking, but by delivering,” he said.