OZ Minerals: Zinifex, wie haste dir verändert!
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leider...............
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Wertpapier: OZ Minerals |
16 SEPTEMBER 2008
ASX Release
Projects on track: Prominent Hill commissioning to commence in October 2008
OZ Minerals has confirmed that its Prominent Hill copper-gold project in South Australia will commence commissioning next month. This follows the successful on-time commissioning of the Company’s Avebury nickel project in Tasmania. The first concentrate from Avebury was shipped to customers in August 2008.
“We are aware of rumours in the market that there will be delays at Prominent Hill. There is no basis for these rumours, which we believe may be creating a false market in OZ Minerals’ shares”, said Mr Andrew Michelmore, Managing Director and CEO of OZ Minerals.
“The facts are these:
Late last year, Oxiana advised that Prominent Hill would be commissioned in the fourth quarter of 2008;
Prominent Hill will commence commissioning in October 2008, when the crushing circuit will come into operation”,
Mr Michelmore added.
The Company has previously indicated that expected production from Prominent Hill for 2009 is between 110,000 – 120,000 tonnes of copper in concentrate and 80,000 – 85,000 ounces of gold and no changes to this guidance have been made.
Mr Michelmore said “we have previously announced an expected total capital cost of $1.08 billion for the Prominent Hill project.
“While the final cost won’t be known with absolute accuracy until the project is complete, the Company does not expect it to be materially different from this indication”, he added.
Mr Michelmore noted that “Prominent Hill will make a substantial contribution to OZ Minerals’ production profile, more than doubling the Company’s annual copper output.
“We expect copper to generate more than 50% of OZ Minerals’ revenue in 2009, compared to approximately 36% of the combined pro-forma revenue of Oxiana and Zinifex in the first half of 2008,” he said.
Mr Michelmore also noted that OZ Minerals closing share price on 15 September of $1.445 was well below the valuation of $3.80 - $4.40 per share determined by Grant Samuel & Associates in the Independent Expert’s Report prepared in May 2008 as part of the documentation for the Zinifex Scheme of Arrangement.
“One thing that is clear is that the inherent value of the Company’s assets has not deteriorated in the 4 months since the Independent Expert’s Report was published”, he concluded.
For further information please contact:
Matthew Foran
Group Manager – External Affairs
T 03 9288 0456
M 0409 313 637
Der Kurs scheint auch schon etwas zu reagieren , hoffen wir mal, dass sich das gesamte Umfeld
wieder aufhellt.
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Wertpapier: OZ Minerals |
Schön, wenn der Produzent so diversifiziert mit Gold, Silber, Kupfer, Blei und Zink in verschiedenen Ländern aufgestellt ist ! 18 SEPTEMBER 2008 ASX Release World’s second-largest zinc miner to cut zinc production in favour of copper OZ Minerals, the world’s second largest zinc miner, has announced plans to reduce zinc production in favour of copper at its Golden Grove mine in 2009. “Current prices provide no economic incentive for us to continue to mine zinc at historical production levels”, said Andrew Michelmore, MD & CEO of OZ Minerals. OZ Minerals intends to reschedule mine production at Golden Grove in 2009 to reduce production of zinc in concentrate by approximately 50,000 tonnes, equivalent to a reduction of between 35% - 40% of current 2008 zinc production guidance of 130,000 – 135,000 tonnes. Expected zinc in concentrate production from Golden Grove for 2009 is in the range of 80,000 – 85,000 tonnes. OZ Minerals will simultaneously increase production of copper in concentrate by approximately 14,000 tonnes to between 35,000 – 40,000 tonnes for 2009. “Golden Grove is a polymetallic mine, which gives us the capability to vary the mix of copper and zinc we produce”, said Andrew Michelmore. “At current prices for copper and zinc, our decision to preferentially mine copper over zinc will result in slightly higher revenue levels and more substantially higher profit margins, as copper is a higher margin product for us than zinc. “Re-scheduling production as outlined will also enable us to retain a valuable zinc asset that we will mine in the future when the zinc market returns to levels that more accurately reflect underlying supply and demand fundamentals”, he added. “We have not at this stage rescheduled zinc production any further at Golden Grove or at any of our other operations because we have a duty to ensure our long-term customers are not disadvantaged”, said Mr. Michelmore. “However”, he continued, “we will always have the long-term economic interests of our shareholders uppermost in our decision-making.” For further information please contact: Matthew Foran Group Manager – External Affairs T 03 9288 0456 M 0409 313 637 Richard Hedstrom Group Manager – Investor Relations T 61 3 9288 0376 Kind regards, Richard Hedstrom Group Manager – Investor Relations OZ Minerals Limited 61 3 9288 0376 61 3 9288 0406 rhedstrom@ozminerals.com
ozl220908.jpg
23.09.2008 01:49 Oz Minerals says output levels in line with plans
http://www.finanznachrichten.de/...chten-2008-09/artikel-11828613.asp
OZ Minerals reassuring shareholders Tuesday September 23, 2008, 3:42 pm
http://au.biz.yahoo.com/080923/2/1yn5n.html
Please find attached ASX release regarding
a 35% increase in copper resources and
a 100% increase in gold resources
at the OZ Minerals Prominent Hill project.
ozl-au_cu.jpg (verkleinert auf 81%)
ozl-au_cu-pic.jpg (verkleinert auf 73%)
Hab mich nicht getraut...war feige...einzusteigen....
in anbetracht meiner tollen anderen aber verständlich......
hab genug von den diversen Leichen in meinem Depot......
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Wertpapier: OZ Minerals |
Tasche schon lange leer!
Hauptgrund, zu früh in anderen Werten reingegangen....
Nun, nicht Monate sondern Jahre warten...................
---hätte sich schon bei 1,8€ sonst einige stücke geholt.....
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Wertpapier: OZ Minerals |
http://www.ozminerals.com/Media/docs/...-484d-891a-1cc039b6aea9-0.pdf
9 interessante Seiten.
Hallo - möche Link "parken"
http://www.bloomberg.com/apps/news?pid=conews&tkr=OZL%3AAU
MfG
By: Liezel Hill
Published on 25th November 2008
TORONTO (miningweekly.com) – The world's second-biggest zinc producer, Australia's OZ Minerals, will reduce production at its Century zinc mine and defer about A$495-million in capital spending as it adjusts to a new environment of lower metals prices.
The company, which was formed earlier this year from the combination of Australian miners Oxiana and Zinifex, said on November 10 that it was conducting a review of all capital and operational expenditure.
There has since been speculation that the company could close the Century mine, which has been rendered unprofitable amid slumping base-metals prices.
However, the OZ said on Tuesday that it will only reduce annual zinc production from Century by 20 000 t/y, from a forecast 515 000 t of contained zinc in concentrate this year to 495 000 t in 2009.
“The decisions we are announcing today will enable us to either eliminate or defer substantial cash outflows at a time when access to capital is more difficult than at any time in the last decade and when we are in the middle of re-financing our debt facilities,” said MD and CEO Andrew Michelmore.
“These are tough times but we understand the position.”
Projects that the company will suspend include the Martabe gold/silver project, its Sepon copper expansion, the development of the openpit copper prospect at the Golden Grove mine, in Western Australia, and a feasibility study into the company's Izok Lake and High Lake projects in Canada.
OZ is also in negotiations to refinance its debt facilities, and expects the refinancing to include a restructuring from project finance facilities to a corporate facility structure.
The company follows companies including Teck Cominco, HudBay Minerals and Lundin Mining who have reduced production or postponed expansions because of low base-metals prices and difficult market conditions.
Quelle:
http://www.miningweekly.com/article.php?a_id=148335
Liquidität kostet....
Somit alle Gewinne der letzten Jahre futsch......
Ob `s Erholung 2009 gibt?
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Wertpapier: OZ Minerals |
By Sungwoo Park and Jae Hur
Dec. 1 (Bloomberg) -- Korea Zinc Co., the world's second- biggest zinc smelter, will cut production of the refined metal by 10 percent for more than a year because of slowing demand.
The company will reduce output at its Onsan plant, which has an annual capacity of 450,000 metric tons, from today to the end of 2009, it said in an e-mailed statement. That may change according to market conditions, it said.
Zinc, used to galvanize steel for cars and home appliances, has plunged almost 50 percent this year as a recession and the worst financial crisis since the Great Depression curbs demand for raw materials. Korea Zinc joins Nyrstar NV, Zhuzhou Smelter Group Co. and Huludao Zinc Industry Co. in cutting output.
``This reflects how terrible the zinc market is right now,'' said Kim Gyung Jung, an analyst with Samsung Securities Co. in Seoul. ``We may see other smelters, including those in Japan, follow suit,'' he said by telephone today.
The Korean company produced 433,000 tons of zinc and 195,000 tons of lead in 2007, according to its Web site.
Zinc for three-month delivery lost as much as 1.6 percent to $1,190.25 a metric ton on the London Metal Exchange today and traded at $1,200 at 4:52 p.m. Singapore time. The price reached a record $4,580 a ton about two years ago. LME stockpiles more than doubled this year as global demand slowed.
Lower Production
Nyrstar, the world's largest zinc smelter, said Nov. 18 it would slash output at smelters in Belgium and the Netherlands by 28 percent and may extend cuts next year.
Zhuzhou Smelter, China's biggest zinc smelter, reduced production by 20 percent last month and there were no plans to restart the capacity in the short term, an executive said Nov. 17. Huludao Zinc, the nation's second-biggest smelter, idled more than 100,000 tons of capacity and may cut production further, according to a company executive.
Cutbacks will reduce stockpiles and give smelters an edge in negotiations with mining companies for 2009 processing fees to turn concentrate into refined metal, Samsung's Kim said.
OZ Minerals Ltd. said Nov. 25 it would cut spending by A$680 million ($440 million), trim mine production, and seek debt refinancing as access to capital markets tightens.
Teck Cominco Ltd. has declared force majeure on sales from its Red Dog zinc mine in Alaska because of bad weather, forcing a cut in sales for six months. Force majeure is a legal clause allowing producers to miss contracted deliveries because of circumstances beyond their control.
``Talks for 2009 zinc processing fees will be tougher,'' Tokyo-based Daiwa Institute of Research analyst Takashi Murata said by telephone today.
To contact the reporters on this story: Sungwoo Park in Seoul at spark47@bloomberg.net; Jae Hur in Singapore at jhur1@bloomberg.net
Produktionskürzung werden eher nur langfristig wirken.....
Bei schwacher Konjunktur wird entsprechend auch Zink weniger nachgefragt...
Denke das wird sich weit in 2009 reinziehen.....oder?
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Wertpapier: OZ Minerals |
mal sehen , wie es weiter geht
vor allem mit OZL
zn.jpg (verkleinert auf 44%)