Beiträge von GSP-Komet

JOHANNESBURG, November 28, 2007 /PRNewswire-FirstCall via COMTEX/ -- The JSE's Socially Responsible Investment (SRI) Index, which assesses the environmental, social and economic sustainability practices and corporate governance of listed companies, yesterday announced that Gold Fields Limited ("Gold Fields") (LSE: GFI)(NYSE: JSE)(DIFX: GFI) is one of the Best Performers of the 2007 SRI Index.
Ian Cockerill, Chief Executive Officer of Gold Fields said: "As a global precious metals company, Gold Fields endeavours to undertake its activities in a manner that minimizes or eliminates negative impacts and maximizes positive impacts of an environmental or socio-economic nature. The company is therefore very proud to once again be ranked amongst the Best Performers in the high impact environmental category of the JSE SRI Index for 2007. Since 2005, Gold Fields has been an outstanding performer within a sector that remains dominant as the biggest individual sector represented within the SRI Index."
Cockerill continued: "Gold Fields is committed to the responsible stewardship of natural resources and the ecological environment for present and future generations and aims to continually implement a comprehensive strategy to maximise positive environmental or socio-economic outcomes to ensure a long-term future."
http://www.goldfields.co.za
SOURCE Gold Fields Limited

Gold Fields Sells 60% Stake in Essakane Project for US$200 Million and Acquires 12.2% Interest in Orezone Resources Inc.

JOHANNESBURG, South Africa, November 27, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (NYSE, JSE, DIFX: GFI) is pleased to announce the successful closing of the transaction announced on 10 October 2007, as a result of which Gold Fields sold its 60% stake in the Essakane Project located in Burkina Faso, West Africa to its partner in the project, Orezone Resources Inc. ("Orezone") (CA:OZN) , for a minimum total consideration of US$200 million.
Orezone paid Gold Fields US$150 million in cash and issued 41,666,667 common shares having an aggregate subscription price of US$50 million to its wholly-owned subsidiary Gold Fields Essakane (BVI) Limited ("Gold Fields Essakane"). Following the acquisition, Gold Fields owns 41,666,667 common shares of Orezone, representing 12.2% of Orezone's issued and outstanding common shares. Gold Fields acquired the common shares of Orezone for investment purposes and has no present intention of acquiring ownership of, or control over, additional securities of Orezone.
The Essakane Project is a late stage development project located in Burkina Faso, West Africa. A bankable feasibility study was recently completed which envisioned a surface mine/CIL operation processing an average of 5,400,000 tonnes per annum. The project has an indicated and inferred resource of 3.8 million ounces of gold at a 1.0 g/t cutoff and a contained reserve of 2.65 million ounces. The project will take 18 months to construct at a total capital cost of US$346 million, and first gold is expected to be poured by early 2010. Once operational, the mine will produce an average of 292,000 ounces of gold per annum.
Orezone is an explorer and emerging gold producer with a pipeline of advanced and grassroots projects in politically stable areas of West Africa. West Africa is one of the world's fastest growing gold producing regions.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces per annum, mineral reserves of 94 million ounces and mineral resources of 252 million ounces. The Group employs some 47,000 permanent employees across its operations and is listed on the JSE Limited South Africa (primary listing), the New York Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
SOURCE Gold Fields Limited

EMBRY: The one that I like the best in terms of its exposure is Gold Fields (GFI) , the South African entity. I am not nuts about South Africa, but on the other hand, I think it’s more than discounted in the price, and they have the biggest reserve base of any company in the world. So, I like Gold Fields as a core holding in the big cap.

* Gold Fields Ltd: Mining Ops To Resume At Driefontein

JOHANNESBURG, Nov 29, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) Thursday said it expects mining operations at its Driefontein gold mine in South Africa to resume with the morning shift Friday, and every effort would be made to make up lost production.
A risk assessment and safety audit of pillar mining at the nearby Kloof mine continues and the Johannesburg-based company said it expects the mine to be fully operational within 24 hours.
"Approximately half of the pillars have been audited and only 7% of the mine's output remains affected," Gold Fields said.

JOHANNESBURG, Nov 28, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), Africa's second-largest gold producer, hopes to resume production at its Driefontein mine in South Africa on Thursday, a spokesman said Wednesday.
The Johannesburg-based company was ordered by the government to suspend tramming in the mine after a worker was fatally injured after being caught between a loader and hopper over the weekend, spokesman Andrew Davidson said.
Without the trams operating, Gold Fields is unable to hoist ore to the surface. Davidson said production, which averages about 90 kilograms of gold a day, has been halted for two days now.

Company Web site: http://www.goldfields.co.za

JOHANNESBURG, Nov 27, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
Gold Fields Ltd. (GFI) Tuesday said it has closed a deal to sell its 60% stake in the Essakane Project in Burkina Faso to Orezone Resources Inc. (OZN), its partner in the project, for at least $200 million.
The Johannesburg-based gold producer said Orezone paid $150 million in cash and issued 41,666,667 common shares to wholly-owned Gold Fields Essakane Ltd. Following the acquisition, Gold Fields owns 12.2% of Orezone's issued and outstanding common shares.
Gold Fields said it acquired the common shares of Orezone for investment purposes and has no present intention of acquiring ownership of or control over additional securities of Orezone.
The Essakane Project is a late stage development project located in Burkina Faso, west Africa.
A bankable feasibility study was recently completed which envisioned a surface mine/CIL operation processing an average of 5,400,000 metric tons a year. The project has an indicated and inferred resource of 3.8 million ounces of gold at a 1.0 g/t cutoff and a contained reserve of 2.65 million ounces.
The project will take 18 months to construct at a total capital cost of $346 million, and first gold is expected to be poured by early 2010. Once operational, the mine will produce an average of 292,000 ounces of gold a year.
Orezone is an explorer and emerging gold producer with a pipeline of advanced and grassroots projects in politically stable areas of west Africa. West Africa is one of the world's fastest growing gold producing regions.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces annually, mineral reserves of 94 million ounces and mineral resources of 252 million ounces.

Zacks #1 Rank Top Performers: Oriental Financial Group, Royal Gold, CNOOC, Astronics Corp. and PharmaNet Development Group

CHICAGO, Nov 27, 2007 (BUSINESS WIRE) -- Zacks.com announces the latest list of top performing Zacks #1 Rank ("strong buy") stocks. The stocks on the prestigious list with the highest returns last week were Oriental Financial Group Inc. (OFG: oriental finl group inc com) , Royal Gold, Inc. (RGLD: Royal Gold Inc) , CNOOC Ltd. (CEO: CNOOC, Ltd.) , Astronics Corporation (ATRO:
Astronics Corporation) and PharmaNet Development Group, Inc. (PDGI:
pharmanet dev group inc com) . Each of these stocks easily outperformed the S&P 500.
Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled 37.6%. To learn more about the Zacks Rank, go to http://at.zacks.com/?id=3172.
Here is a synopsis of the last week's best performing Zacks #1 Rank stocks.

...

Royal Gold, Inc. (RGLD: Royal Gold Inc) is a precious metals royalty company with shares that rose a little more than 7% last week as gold prices moved higher. That was enough to put the company on the top-performing Zacks #1 Rank list. Earnings estimates for the year ending June 2008, advanced 8.5% over the past two months and 4% over the past 30 days.
Earlier this month, Royal Gold's Board increased its annual dividend for its shares of common stock to 28 cents from 26 cents. The company has steadily increased its annual dividend since it first issued a five-cent annual payment for calendar year 2000.

...

[Blockierte Grafik: http://www.financialsense.com/Experts/roundtable/images/goldshow07.gif]

Sean Boyd, Vice Chairman & CEO
Agnico-Eagle Mines Ltd.
(TSX: AEM)

[Blockierte Grafik: http://www.financialsense.com/Experts/roundtable/images/goldshow07.gif]

Robert Quartermain, Pres. & Director
Silver Standard Resources Inc.
(TSX: SSO | NASDAQ: SSRI)

Nov 20, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Vista Gold Corp. (VGZ) said Luzon Minerals Ltd. (LZN.V) won't exercise an option to acquire Vista's Amayapampa gold project in Bolivia.
Vista, a Denver mining company, said it has entered an agreement with Luzon regarding the terms on which Luzon's outstanding obligations with the project will be satisfied.

* Vista Gold Corp. Announces Luzon Minerals Ltd. Elects Not To Exercise Option To Purchase Amayapampa Gold Project In Bolivia

DENVER, Nov 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (TSX & Amex: VGZ) announced today that Luzon Minerals Ltd. has decided not to exercise its option to acquire from Vista the Amayapampa Gold Project in Bolivia, citing its inability to advance the project with its current financial and personnel resources. Luzon had an option to acquire Vista's interest in the project from Vista pursuant to an option agreement dated March 13, 2007 (see Vista's press release dated March 14, 2007). Vista and Luzon have entered into an agreement regarding the termination of the option agreement and the terms on which Luzon's outstanding obligations with respect to the project will be satisfied.
Mike Richings, Vista's Executive Chairman and CEO, commented on the news: "We have been concerned about the slow progress at the Amayapampa project during these times of high gold prices and recognized that continued delay in placing the project into production might not be well received by the local community. Vista plans to continue to advance the project while seeking a partner or buyer with the financial and personnel resources to manage and develop the project and commence commercial gold production in the shortest time possible. Vista plans to engage consultants and commence a work program to upgrade the scoping study completed by Luzon (initially filed on SEDAR under Luzon Minerals Ltd. and subsequently by Vista on October 18, 2006) to a feasibility study. We remain confident that the project is an attractive project at today's gold prices. Employee training, which Luzon had started, utilizing the services of professional trainers, will continue and the workers will be provided opportunities to participate in the on-site activities related to the proposed work program as plans for the program are developed."
About Vista Gold Corp.
Since 2001, Vista has acquired a number of gold projects with the expectation that higher gold prices would significantly increase their value. As gold prices have risen, Vista has completed various preliminary evaluations that have demonstrated that some of the projects would be potentially viable operations at current gold prices. Vista is undertaking technical programs to bring the most advanced projects to the point where decisions can be made to put these projects into production, either by Vista, or through sale or joint venture to other mining companies. Vista's holdings include the Paredones Amarillos and Guadalupe de los Reyes Projects in Mexico, Mt. Todd Project in Australia, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long Valley Project in California, and the Amayapampa Project in Bolivia.

JOHANNESBURG, Nov 23, 2007 (Dow Jones Commodities News via Comtex) --
TOP STORIES:

Harmony Has Fall Of Ground At Elandsrand Mine

Harmony Gold Mining Co. (HMY) Friday said a worker has been injured by falling ground at its Elandsrand mine in South Africa, which only resumed production this week after an extended shutdown following the dramatic rescue of about 3,200 workers who had been trapped deep underground for more than 24 hours.

JOHANNESBURG, Nov 23, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY) Friday said there has been a fall of ground at its Elandsrand mine in South Africa, injuring one worker.
Mine rescue teams are still searching for a miner, and the remaining 20 crew members have been brought to the surface with no further injuries, the Johannesburg-based gold producer said.
The injured worker is suspected to have a fractured leg and has been taken to hospital, Harmony said.

JOHANNESBURG (MarketWatch) -- South Africa's largest mining industry union Friday said it plans to stage a one-day strike Dec. 4 to protest the number of industry fatalities.
"A strike action by South African mine workers will take place on Dec. 4 to highlight the seriousness at which the matter needs to be taken by mining houses and the state," Senzeni Zokwana, president of the National Union of Mineworkers, said in an e-mailed statement.
NUM has been planning for a strike since October when about 3,200 workers were trapped for more than 24 hours deep underground at one of the country's gold mines.
There have been more than 180 deaths in South African mines so far this year, compared with 199 in 2006.
NUM said more than 240,000 members working for major mining companies affiliated with the Chamber of Mines are expected to join the strike as well as workers in small-scale companies.

Tim Murray of metals refiner Johnson Matthey tells Simon Constable the U.S. probably won't see a platinum exchange-traded fund, but demand for catalytic converters will keep consumption of the metal robust.
Mon Nov 19 2007 18:38:30 GMT+0100 -- Simon Constable
Companies: GLD | JMPLF | LNMIY | PAL | SWC

Tim Murray of metals refiner Johnson Matthey tells Simon Constable the U.S. probably won't see a platinum exchange-traded fund, but demand for catalytic converters will keep consumption of the metal robust.
Mon Nov 19 2007 18:38:30 GMT+0100 -- Simon Constable
Companies: GLD | JMPLF | LNMIY | PAL | SWC

Leading Proxy Advisory Firms Recommend Coeur Shareholders Vote ''FOR'' Proposals Relating to Pending Acquisitions

COEUR D'ALENE, Idaho, Nov 21, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that two of the nation's most influential independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., have each recommended that Coeur shareholders vote "FOR" the proposals related to the acquisition of Bolnisi Gold NL (ASX:BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) at the Company's Special Meeting of shareholders scheduled for December 3, 2007.
In recommending that Coeur shareholders vote "FOR" the proposed acquisition, ISS stated in its November 20, 2007 report:
"Based on our review of the terms of the transaction and the factors described above, in particular the strategic rationale, the opportunities available to the combined company and the increased liquidity of the combined company's stock, we believe that the merger agreement warrants shareholder support."(a)
Glass Lewis also recommended that shareholders vote "FOR" all proposals relating to the acquisition. In its November 20, 2007 report, Glass Lewis stated:
"Given the strategic rationale of the Transactions, the financial fairness of the proposed exchange ratios, and in the absence of significant conflicts, we believe that shareholders should support this proposal. The resulting scale of the three-way combination will yield operational and strategic benefits otherwise not available to the Company as a stand-alone entity."(a)
"We are very pleased to have the support of both ISS and Glass Lewis," said Dennis E. Wheeler, Coeur's Chairman, President and Chief Executive Officer. "Clearly, both proxy advisory firms recognize the transformative nature of this transaction and the potential for the tremendous value it will create for all Coeur shareholders. On behalf of the entire Board of Directors, I urge all Coeur shareholders to vote "FOR" the merger proposals. We look forward to closing this transaction and working toward becoming the world's undisputed leader in silver."
Coeur shareholders are reminded that their vote is very important regardless of the number of shares of common stock they own. Whether or not shareholders are able to attend the Special Meeting in person, they should complete, sign and date the proxy card and return it in the prepaid and addressed envelope as soon as possible or submit a proxy through the Internet or by telephone as described on the proxy card that accompanied the definitive proxy statement.
The Special Meeting of Coeur shareholders to consider and vote upon the proposed merger has been scheduled for December 3, 2007 at 9:30 a.m. local time at The Coeur d'Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d'Alene. Coeur shareholders of record as of the close of business on October 19, 2007 will be entitled to vote at the special meeting.
Shareholders who have questions about the transactions and the special meeting, including the procedures for voting your shares, should call D.F. King & Co., Inc., which is assisting Coeur, at 1-800-901-0068 (toll-free) or (collect) at 212-269-5550.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. In 2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold. Cash costs in 2006 were $3.33 per ounce of silver for 2006.

COEUR D'ALENE, Idaho, Nov 20, 2007 (BUSINESS WIRE) -- Dennis E. Wheeler, Chairman, President, and Chief Executive Officer of Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) , will speak at the Bear Stearns Third Annual Commodities and Capital Goods Conference in New York City on November 28 at 4:00 p.m. Eastern time. Mr. Wheeler will present an overview of the company's strategy and growth prospects.
The slides used by Mr. Wheeler will be available in the Investor Relations section of Coeur's web site, http://www.coeur.com.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The Company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, and Nevada.

RENO, NEVADA, Nov 13, 2007 (MARKET WIRE via COMTEX) -- Allied Nevada Gold Corp. ("Allied Nevada" or the "Company")(TSX: ANV) (ANV: allied nevada gold corp com) today announced third quarter 2007 financial results. Allied Nevada is a newly independent company that commenced operations on May 10, 2007, upon the closing of the transactions pursuant to the terms of an Arrangement as described in the Company's regulatory filings. From its incorporation in 2006 until May 10, 2007, Allied Nevada had been a wholly-owned subsidiary of Vista Gold Corp. ("Vista"). For the quarter ended September 30, 2007, which was its first complete quarter of operations, the Company reported a consolidated net loss of $ 3.4 million ($0.08 per share), compared with a consolidated net loss of $0.9 million for the third quarter of 2006. The Company also reported a cash and cash equivalents balance of $21.8 million as of September 30, 2007. The increased net loss for the quarter related to increased exploration costs at its Hycroft Mine and to the additional general and administrative costs incurred in 2007 when compared to the general and administrative costs allocated to the Company by Vista in 2006.
"During Allied Nevada's first complete quarter of operations, we advanced a number of programs that we anticipate will provide future benefits. During the quarter, we started drilling at the Hycroft Mine and are pleased with the initial results of this program. On September 11, 2007, Allied Nevada's Board of Directors approved the reopening of the Hycroft Mine with production planned to begin in late 2008. In July, we completed a private placement that has provided the funding necessary to commence work on these two programs. When you consider these programs and the recent increases in gold prices, we believe that the Company is well positioned to become the next growth story in the gold sector," said Scott Caldwell, President and Chief Executive Officer of Allied Nevada.
The following discussion points represent a summary of the significant financial results for the quarter. The Company recommends that these summaries be read in conjunction with the Company's quarterly financial results for the third quarter of 2007 as reported in the Company's Quarterly Report on Form 10-Q as filed with the SEC on November 9, 2007.