Dossier: Carrie Tait looks at one of the key stories of the week
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The existing deal between Venezuela and Crystallex will be honoured, he said.
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"Not every project will be affected by the proposed changes. And among those worth noting, for example, are the Las Cristinas project, the Camorra mine, Revemin, Minerven and others." -- Luis Gamargo said in his statement on Thursday
Die Antwort ergibt sich aus dem folgenden Satz von Crystallex:
"It is important therefore to stress that the mixed company model under discussion is not applicable to the Crystallex Las Cristinas operating contract as the draft mining law provides express recognition of existing contracts which are in proper execution and good legal standing."
Crystallex holds a valid and binding operating contract issued by the state through the Corporacion Venezolana de Guayana ("CVG"), its regional natural resource development arm, that was officially approved and endorsed by the Ministry of Basic Industries and Mining ("MIBAM") in March of this year. As noted in the Venezuelan press yesterday, MIBAM was the entity responsible for preparing the mining law reform working paper and providing it to the National Assembly.
mfg
Erst einmal vielen Dank für deinen Glückwunsch!
SWC und PAL sind immer noch Bestandteile von meinem Depot, welches immer noch unverändert ist und auch noch immer existiert!
mfg
June 13, 2006
Crystallex Comments on Venezuelan Mining Policy
TORONTO, ONTARIO, June 13, 2006 – Crystallex International Corporation (TSX: KRY) (Amex: KRY) - commented today that there has been considerable confusion resulting from yesterday's press coverage on possible revisions to the Venezuelan mining law, namely the incorporation of mixed companies as an exploitation structure in the mining sector. The Government stake in such mixed companies would be at least 51%.
The Crystallex share price has been negatively impacted as the market seems to have interpreted the comments about mixed companies in the mining sector to mean that this structure has now become the only model under which mining will be allowed in Venezuela.
It is important therefore to stress that the mixed company model under discussion is not applicable to the Crystallex Las Cristinas operating contract as the draft mining law provides express recognition of existing contracts which are in proper execution and good legal standing.
Furthermore Article 11 of the draft mining law specifically provides for exploitation by way of operating contract, in a manner separate and distinct from the mixed company structure contemplated elsewhere in the draft. A translation of Article 11 is provided as follows:
"Article 11: For the purposes of this Law, operation contracts shall be understood as those legal arrangements entered into between National Social Mining Production Corporation and private legal entities, for the rendering of services within the work frame of exploration activities and rational and sustainable exploitation of mineral resources."
Crystallex holds a valid and binding operating contract issued by the state through the Corporacion Venezolana de Guayana ("CVG"), its regional natural resource development arm, that was officially approved and endorsed by the Ministry of Basic Industries and Mining ("MIBAM") in March of this year. As noted in the Venezuelan press yesterday, MIBAM was the entity responsible for preparing the mining law reform working paper and providing it to the National Assembly.
June 13, 2006
Crystallex Confirms Las Cristinas Position
TORONTO, ONTARIO, June 13, 2006 – Crystallex International Corporation (TSX: KRY) (Amex: KRY) - Todd Bruce, President and Chief Executive Officer, responded to the market reaction to yesterday's Bloomberg newswire articles by reiterating that, “The company has a valid and binding contract to operate the Las Cristinas project, which is 100% owned by the Nation of Venezuela. We have been working closely with all the relevant institutions in Venezuela such as the Corporacion Venezolana de Guayana (“CVG”), the appropriate Ministries and the National Assembly to advance the Las Cristinas project. Just last week the Permanent Commission of the National Assembly petitioned the Minister of the Environment and Natural Resources (“MARN”) in support of Crystallex commencing the Las Cristinas project as soon as possible. In addition the media in Venezuela reported last week that Deputy Ricardo Gutiérrez, President of the Commission of Mines of the National Assembly had met with the Mayor of Sifontes district to express their joint support for the rapid commencement of the Las Cristinas project by Crystallex. Deputy Gutiérrez also stated that he had arranged to meet with the Minister of MARN to express his commission's support for the rapid development of the Las Cristinas project by Crystallex.”
“In working as closely as we have with all the relevant institutions of the nation, we have received no request or proposal for any change to our operating contract,” stated Mr. Bruce. He continued, “As recently as March, 2006 the Ministry of Basic Industries and Mining ("MIBAM") officially approved the Las Cristinas Feasibility Study and the terms and conditions of the Las Cristinas operating contract.”
TORONTO, Jun 16, 2006 (Dow Jones Commodities News via Comtex) -- TOP STORIES:
Crystallex Not Affected By Venezuela Mining Law - CEO
The head of Crystallex International Corp. (KRY) said the company would not be affected by a new mining law in Venezuela that calls for the government to take a majority stake in all non-producing mines.
http://www.marketwatch.com/New…teid=mktw&sid=42539&symb=
Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela. Recent expansion and anticipated increases in production will lift Crystallex from the ranks of a junior producer to one in the intermediate range.
Presentations
March 31, 2006
AMEX Precious and Base Metals Investment Conference. An archived webcast of the presentation can be view in the Events Section on the Crystallex website.
Please click here to view presentation (slides only).
January 18, 2006
Sprott Securities Gold Rush Investment Forum 2006
Please click here to view presentation
THOM CALANDRA'S STOCKWATCH
Rich mining stocks to get richer
Signs point to 'crisis' shift to precious metals
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RIC3.70, +0.03, +0.8% ) has the easiest road to travel, by these computations. With three-year median sales growth down 6 percent and a three-year median profit margin of 28 percent, Richmont need only boost sales by 14.8 percent to satisfy this pricing model.
"Obviously, should margins go up, the required sales will go down," says Resendes, who uses the model as a starting point, sizing up whether a stock is basically cheap, expensive or somewhere in between . "These (gold) companies looked reasonably priced at half their current levels, but very expensive here in terms of what they must deliver," he says.
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http://www.marketwatch.com/New…1726CBF6B%7D&siteid=mktw&
[Blockierte Grafik: http://www.richmont-mines.com/english/images/main.jpg]
http://www.richmont-mines.com/english/f_english.html
Investor Presentation
2006.05.17
May 17, 2006
Annual General Meeting
PDF Format - 1004 Ko
Reporting on voting results
PDF Format - 6 Ko
2006.03.14
March 2006
PDAC – Toronto
Format PowerPoint - 1.97 Mo
Estimated downloading time: 1 mn (high speed connection)
Stillwater Mining Company is one of the world’s leading producers of platinum group metals and the only significant primary producer of palladium in the Western Hemisphere. The Company's 28-mile long JM Reef in Montana is the highest grade orebody containing platinum group metals (PGMs). In 2005 the Company expects PGM production to approximately 550,000 to 570,000 ounces of PGMs.
http://www.stillwatermining.com/
Webcasts & Presentations
Date Title
05/16/06
Mining Journal 20:20 Investor Series, Platinum and Palladium Investor Day, May 16, 2006
05/16/06
Platinum and Palladium Investor Day, Mining Journal 20:20 Investor Series
05/01/06
Q1 2006 Stillwater Mining Company Earnings Conference Call
04/27/06
Stillwater Mining Company 2006 Annual Shareholders Meeting
04/27/06
2006 Annual Meeting
02/27/06
Stillwater Mining Company at BMO Nesbitt Burns 2006 Global Resources Conference Conference Presentation
02/24/06
BMO Nesbitt Burns 2006 Global Resources Conference
02/15/06
JPMorgan Small Cap 7.0, “Think Big, Buy Small” Presentation
02/15/06
Stillwater Mining Company at JPMorgan Small Cap Conference
Pan American Silver Corp. was founded in 1994 upon a single mission: to be the best vehicle for equity investors wanting real exposure to higher silver prices. Today, the Company produces more than12.5 million ounces of silver annually from 6 operations in 3 countries, it has its seventh mine under construction in Mexico, and an additional silver project undergoing a feasibility study in Argentina. Pan American Silver expects to become the largest primary silver producer in the world with annual silver production growing to 25 million ounces in 2008.
http://www.panamericansilver.com/
AGM Presentation - May 2006 (4,103 KB ppt)
Focus: GOLD · Momentum: GROWTH · Location: GHANA
Golden Star is a gold mining company with its operating mines on the prolific Ashanti Gold Belt in Ghana, West Africa. 2005 production was 200,968 ounces and this is expected to increase significantly to 300,000 ounces in 2006 and 500,000 ounces in 2007.
Our growth in 2006 and 2007 is largely the result of the expansion of our activities at Bogoso/Prestea. Construction and development activities for this expansion are well progressed and are expected to be completed late in 2006 at a cost of $125 million.
At year-end 2005, Golden Star had 4.05 million ounces in reserves and, in addition, 200% more than that in its resource categories, all within trucking distance of current processing plants. The reserves and resources were estimated at gold prices of $400 and $480 per ounce respectively.
PRESENTATIONS
Date Title
06/07/06
Download Documentation BMO European Mining Conference
05/26/06
Download Documentation Golden Star Resources Annual General & Special Meeting
05/11/06
Download Documentation Q1 2006 Golden Star Resources Ltd. Earnings Conference Call
03/07/06
Download Documentation Creating Value Through Exploration
Brief Introduction
Gold Reserve Inc. is an emerging mining company with a history in mining dating back to 1956.
The company was formed for the purpose of acquiring, exploring, and developing mining properties and placing them into production. Read more...
Growth strategy
The Company's growth strategy is to progress from an exploration company to a gold producer through the successful development of proven and probable reserves at its Brisas property and by making selective property and/or corporate acquisitions.
About the mining property
Learn more about our operations and mining property in Venezuela.
Brisas Feasibility Study - Executive Summary
http://www.goldreserveinc.com/
Corporate Presentation
aktuelle Unternehmenspräsentation:
Click either option below to download the entire presentation:
Broadband connections or faster
Entire presentation - 2.04mb 128k connections or slower
Part I - 1.11mb
Part II - 1.05mb
Welcome to Newmont Mining Corporation, a leading gold producer with operations on five continents. Newmont is also engaged in the exploration for and acquisition of gold properties in some of the world's best gold districts.
Employing approximately 28,000 employees and contractors worldwide, Newmont operates core assets in North America, South America, Asia, Australia, and Indonesia, with new mine projects currently being developed. Our mines also produce copper, silver, and zinc. Newmont is committed to high standards and leadership in the areas of environmental management and health and safety for its employees and neighboring communities.
Founded in 1921 in New York City, Newmont has been trading on the New York Stock Exchange (NYSE) since 1925. In addition to the NYSE, Newmont trades on the Australian and Toronto stock exchanges. Newmont is headquartered in Denver, Colorado. We invite you to explore Newmont’s world of gold.
Macquarie Connections Gold Rush 2006 – Australia
http://ir.newmont.com/phoenix.…6018&p=irol-presentations
Interview: Rocky Mountain High
6/13/2006 2:41 PM EDT
Barbara Walchli of the Aquila Rocky Mountain Equity Fund talks to Gregg Greenberg about her strategy and favorite stocks.
IAMGOLD is a leading mid tier gold producer committed to enhancing shareholder value through: Financial Strength, Diversification, Growth and Stability. This commitment has been demonstrated through a consistent growth profile; achieved through acquisition and exploration, production that is fully exposed to the price of gold, no corporate debt and a ‘hold gold’ policy. These principles have guided IAMGOLD through its proud history and provides confidence of a great future.
Among the biggest gainers, Hecla Mining (HL:NYSE) was up 7.5%, while both IamGold (IAG:NYSE) and Meridian Gold (MDG:NYSE) were up 7%.
Flushing Out the Froth
WKN 899 657
ISIN CA4509131088
http://www.thestreet.com/_mktwrm/markets...=FREE&cm_ite=NA
2006 PRESENTATIONS
u.a.
June 5, 2006
Analyst Day Presentation Part 1, Toronto
June 5, 2006
Analyst Day Presentation Part 2, Toronto
June 5, 2006
Analyst Day Presentation Part 3, Toronto
Among the biggest gainers, Hecla Mining (HL:NYSE) was up 7.5%, while both IamGold (IAG:NYSE) and Meridian Gold (MDG:NYSE) were up 7%.
Flushing Out the Froth
http://www.thestreet.com/_mktw…BSM&cm_cat=FREE&cm_ite=NA
Slide Show Presentation
The Bull Market Report Asks if It's Time to Jump Back Into Metal and Mining Stocks
"In its report, The Bull Market Report wrote: "The inflation hedge argument is still strong, and certainly the ease of investing in gold thanks to ETFs has better balanced the source of incremental demand away from such a reliance on jewelry. Some ETF managers have stated recently that pension funds would begin to make sizable investments in gold. Of course, added to these views are the age-old arguments that commodity cycles run in as much as 20-year increments and that the bleak outlook for the dollar will send investors streaming to precious metals to preserve their wealth."
The Bull Market Report looked at the following topics, among others:
-- What risks remain in investing in the metals market? Do the potential rewards outweigh the risks?
-- Which group looks more attractive: precious metal miners or base metal miners?
-- What mining stock looks particularly interesting at current levels?"
http://www.marketwatch.com/New…eid=mktw&sid=365787&symb=
Das Chance/Risiko Verhältnis spricht nach meiner Meinung sehr für Investments in Minenaktien! Welche Minenaktien sind auf diesem Niveau sehr interessant? Natürlich die Minenaktien, die es besonders schwer bei dieser übertriebenen Korrektur getroffen hat: Sil, GG, BVN, GRZ, GSS, HL, IAG, NEM, PAAS, und SWC.
mfg
JUNE 17
1st Hour with Jim & Gang
Frank Barbera Market Technician
Moin Edel Man,
ziehe bitte einmal in deinen Performancevergleich mit GG = Goldcorp folgende Unternehmen mit ein und beschreibe mir dann bitte einmal, was du dann daraus erkennen kannst!
AEM = Agnico Eagle Mines,
GRZ = Gold Reserve,
GLG = Glamis Gold,
BGO = Bema Gold,
VGZ = Vista Gold und
MNG = Miramar Mining.
mfg
DENVER, June 12, 2006 /PRNewswire-FirstCall/ -- Apex Silver Mines Limited (Amex: SIL) today announced the appointment of Gerald John Malys as Senior Vice President and Chief Financial Officer effective immediately. Mr. Malys will provide Apex Silver with financial leadership to advance the company into one of the world's largest producers of silver, zinc and lead. Coincident with this appointment, Mr. Mark A. Lettes will be retiring. The company thanks Mr. Lettes for his contributions to Apex Silver, particularly for his role in securing financing for the development of the company's 100%-owned San Cristobal project in Bolivia and wishes him well in his future endeavors.
Mr. Malys is a seasoned executive with over 25 years of senior financial leadership experience with major resource companies including Cyprus Amax Minerals, where he was Senior Vice President and Chief Financial Officer, and Gulf Oil Company, where he served in a variety of senior financial positions. Under his financial leadership, Cyprus Amax emerged from a small copper and coal producer into one of the largest diversified international mining companies in the world. He is a Certified Public Accountant and holds a B. Sc. in Accounting from Gannon University.
"Gerry is one of the most eclectic mining executives in the business," said Jeffrey G. Clevenger, Apex Silver's President and Chief Executive Officer. "His solid credentials in financial engineering, reporting, treasury and tax management will be instrumental in establishing Apex Silver as one of the most successful emerging mining companies in the world."
Apex Silver is a mining exploration and development company. Since its inception in 1993 and with the discovery of San Cristobal, it has assumed an increasingly important profile within the silver sector. Its San Cristobal flagship project is located in the Potosi district of southwestern Bolivia. At the designed production rate of 40,000 tonnes of ore per day, San Cristobal is expected to produce about 22.3 million ounces of payable silver, 182,500 tonnes of payable zinc and 85,000 tonnes of payable lead per year in the first five years of production, making it one of the largest producers of these key metals in the world. The common shares of Apex Silver trade on the American Stock Exchange under the symbol "SIL".
