Zinifex LTD
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oder habt Ihr alle Angst vorm St.Nikolaus
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Sydney 17.12.2007 (www.emfis.com)
Zinifex, der Welt drittgrößter Zinkproduzent, hat der Allegiance Mining ein Übernahmeangebot in Höhe von 669 Millionen USD unterbreitet. Die steigende Nachfrage nach Nickel aus China habe den Konzern dazu bewogen sich für diese Akquisition zu entscheiden, so ein Firmensprecher Zinifex´. Die Aktien der in Sydney ansässigen Allegiance sollen somit für 90 Cent pro Aktie ihren Besitzer wechseln. Zinifex ist außerdem bereit das Angebot noch einmal aufzustocken, sollte der Aktienpreis in den kommenden Tagen weiter steigen.
Der Kauf von Allegiance gibt Zinifex Zugang zur Avebury Nickelmine, die derzeit Lieferungen von 3 Milliarden Tonnen Nickel pro Jahr an die chinesische Jinchuan Group Co. abwickelt.
Mal sehn wie heute nacht Australien regiert ???
Die starke Unterstützung bei 9,1 hat leider nicht gehalten. Jetzt frei bis 6,5...
Leider! Nur die Hälfte verkauft.
Sydney 17.12.2007 (www.emfis.com)
Zinifex der Welt drittgrößter Zinkproduzent, hat der Allegiance Mining ein Übernahmeangebot in Höhe von 669 Millionen USD unterbreitet.
Die steigende Nachfrage nach Nickel aus China habe den Konzern dazu bewogen sich für diese Akquisition zu entscheiden, so ein Firmensprecher Zinifex'.
Die Aktien der in Sydney ansässigen Allegiance sollen somit für 90 Cent pro Aktie ihren Besitzer wechseln.
Zinifex ist außerdem bereit das Angebot noch einmal aufzustocken, sollte der Aktienpreis in den kommenden Tagen weiter steigen.
Der Kauf von Allegiance gibt Zinifex Zugang zur Avebury Nickelmine, die derzeit Lieferungen von 3 Milliarden Tonnen Nickel pro Jahr an die chinesische Jinchuan Group Co. abwickelt.
Klarer Abwärtstrend, Bodenbildung abwarten.
Indikatoren sehen schon besser aus.
zini.png (verkleinert auf 79%)
zini.png (verkleinert auf 79%)
December 19, 2007 12:00am
ALLEGIANCE Mining has lashed out against a $775 million hostile bid from Zinifex -- describing the offer as too low and its timing as opportunistic.
Allegiance chairman Tony Howland-Rose yesterday sent a letter to shareholders advising them to take no action until the board had a chance to fully assess the offer.
"Your board's preliminary view is that the value placed on Allegiance does not appropriately take into account the future potential of the Avebury nickel province," Mr Howland-Rose said.
"Drilling to date has been confined to the Avebury deposits, with 90 per cent of drilling being confined to approximately one square kilometre of Allegiance's nickel province."
Mr Howland-Rose also described Zinifex's offer as "opportunistic" because it was made at the start of the holiday season and just months before Allegiance started mining its first ore.
"The offer has also been made shortly before production is expected to commence at the company's Avebury nickel project in the first quarter of 2008," he said.
"When production commences, your board expects the company to be re-rated as a nickel producer with substantial exploration upside."
On Monday, Zinifex launched its off-market, all-cash bid for Allegiance, which manages the Avebury nickel project on Tasmania's west coast.
Under the two-tier offer, Zinifex has made an initial bid of 90c for each Allegiance share but will raise the purchase price to $1 if it secures a recommendation from the board or achieves a stake of 30 per cent in its target.
The bid ends intense speculation about Zinifex's first acquisitive move after the lead and zinc miner spun off its smelting assets in October for $1.5 billion.
With more than $2 billion cash sitting on its balance sheet making Zinifex itself an attractive takeover target, the miner has wasted no time lining up a potential acquisition in its crosshairs.
Chinese metal manufacturer Jinchuan Group, which holds a stake of more than 10 per cent in Allegiance, has agreed to take all the nickel produced by the company to make stainless steel.
Allegiance said it had appointed financial and legal advisers to help it assess the bid from Zinifex.
Allegiance shares were steady at 98c yesterday. Zinifex shares lost 69c or more than 5 per cent to $12.40.
Jetzt ist es wohl ein wenig zu spät, aus den Ausstiegskursen könnten bald Einstiegskurse werden.
vor ca. einem Monat schriebst Du so treffend : ""Es besteht vorerst kein Handlungsbedarf", oder "Ein Kauf drängt sich momentan nicht auf".
Heute möchte ich hinzufügen, aber man sollte sie in der nächsten Zeit gut im Auge behalten !!!
Allegiance's major shareholder says Zinifex offer cheap
11/01/2008 10:03:00 AM. After making a takeover offer for mineral explorer Allegiance Mining last month, Zinifex has today been criticised by the target's largest shareholder for undervaluing the company at $1.00 per share offer. Jinchuan Group of China, is a major shareholder of Allegince Mining with a shareholding of 10.4%. Responding to Zinifex's offer, Jinchuan said: "With its near-term production profile and highly prospective Nickel Province, the vast majority of which remains unexplored, Jinchuan believes there to be significant further upside in Allegiance and therefore the $1.oo per share offer for Allegiance is not reflective of the true value of the company," "We strongly support the management and board of Allegiance and believe they are creating excellent value for shareholder and jointly we will continue to do so," Jinchuan said. In a slide presentation submitted to the Australian Stock Exchange in December, Zinifex said the potential takeover is an excellent fit with Zinifex's strategy, an attractive entry into nickel and adds near term production with scope for expansion. Zinifex is offering 90 cents per Allegiance share, of $1.00 per share if it acquires more than 30% or if the Allegiance board recommends the offer. At 1.04pm AEST, shares in AWC fell 2 cents to $6.13, while ZFX lost 26 cents at $11.27. Information provided to you by the Australasian Investment Review (AIR). AIR publishes a weekly magazine. Subscriptions are free at aireview.com.au
zitiert aus : http://www.livenews.com.au/articles/2008/01/11/...Zinifex_offer_cheap
au.biz.yahoo.com/080111/19/1k6sz.html
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Artikel
Zinifex results good despite lower metal prices (Thursday January 24) auf
au.biz.yahoo.com/080124/27/1kui2.html
MfG
In contrast to the experience of Newcrest, zinc and lead miner, Zinifex has reported a solid increase in the production of its two key minerals in the first half of the current financial year.
Zinc production was up 8% to 301,274 tonnes in the six months, after rising to 147,288 in the December quarter.
Lead output rose 12% to 37,406 tonnes in the half and was up 29.5% in the quarter to 18,863 tonnes.
Investors appreciated the news, even though zinc and lead prices are weak at the moment because of fears a US slowdown will cut consumption,
Zinifex (ZFX) shares rose 94c or more than 10% to $9.88: that's a long way from the levels of a year ago when the shares were approaching double this level with zinc and lead prices still high.
But the company had another message and another metal it was pushing.
"Zinifex continues to deliver on its strategy to grow our mining business," it said, pushing the case for its so far spurned offer for Tasmanian nickel explorer Allegiance Mining NL.
It said nickel was an attractive long term growth business and Allegiance's Avebury nickel project was an excellent entry point for the company.
"With nickel production due to commence in early 2008, this mine would add immediate growth to Zinifex's existing profit centres, the Century and Rosebery mines," it said.
Allegiance has rejected the offer, saying it undervalues its assets and potential.
Zinifex has a war chest of $2 billion to pursue its growth strategy, after selling down most of its stake in Nyrstar last year. Nyrstar was formed to hold the lead and zinc processing businesses. It was floated late last year in Europe.
Directors said its purchasing power "is increasingly becoming more valuable in the current volatile market conditions".
That's handy because zinc prices weakened in the December quarter, averaging $US2,623 per tonne to be down 19% on the September quarter and 37% on the December quarter of 2006.
"The zinc price in Australian dollars has been further impacted by the continued weakening of the US dollar," Zinifex said.
But Zinifex said demand for zinc remains healthy, especially from China.
"For these reasons we believe that any surplus that may develop will be modest and will only return stock levels to, historically, more normal levels," it said.
"Further, we believe markets have already priced in an appropriate zinc price correction in response to the most pessimistic of forward outlooks."
"As with zinc, stock remains at historically low levels and supply continues to be affected by the Chinese government's decision to introduce an export tax is likely to contribute to a significant fall in that country's lead exports," Zinifex said.
"We remain positive on the near term outlook for lead where supply issues continue to hold the markets attention."
"Lead prices similarly saw a correction over the quarter but remain well above the levels for the same time last year. Lead closed at US$2,532 per tonne with an average quarterly price of US$3,215 per tonne, however, this is in the context of record high prices during the September Quarter.
"In comparison, lead prices were almost double that of the quarter last year.
"The rapid decline in LME stocks of lead experienced in the September Quarter was arrested with stocks rising to a close of 45,500 tonnes. As with zinc, stock remains at historically low levels and supply continues to be affected by the Chinese Government's decision to introduce an export tax is likely to contribute to a significant fall in that country's lead exports. We remain positive on the near term outlook for lead where supply issues continue to hold the market's attention.
"Negotiations on treatment charges for zinc in concentrate are underway. However, there has not as yet been any real convergence of positions between the mines and smelters. This lack of convergence is being further impacted on by the volatile market conditions currently being experienced. While it is too early to speculate on the outcome of negotiations it is reasonable to assume that increases in concentrate availability will result in some up-lift in treatment charges which Zinifex believes should only be moderate.
"Treatment charges for lead in concentrate are more difficult to comment on as there is no industry wide benchmark. However, a reduction in lead exports from China due to tax changes has depressed lead concentrate demand and it is therefore reasonable to assume that lead concentrate treatment charges will increase.
"Our Century regional exploration program has gathered pace with further drilling results from north east extensions of the Silver King base metal vein system returning significant intersections of high grade lead, zinc and silver.
"Drilling has continued at both the Izok Lake and High Lake projects in Nunavut Territory, Canada indicating potential to increase mineral resources at both projects. An inaugural mineral resource estimate has been completed for the Menninnie Dam deposit in South Australia, and exploration focus in 2008 will be on testing and developing targets in the remainder of the licence area with the aim of adding significantly to the current resource."
The new CEO, Andrew Michelmore officially starts on February 1.
Information provided to you by the Australasian Investment Review (AIR).
AIR publishes a weekly magazine. Subscriptions are free at aireview.com.au
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Die chinesischen Zinkexporte in 2008 mit minus 50%?
In 2007 konnte China 275.649 Tonnen exportieren, 15% weniger als in 2006. Laut Cofco Futures Brokerage Co. dürften sich die Zinkexporte in 2008 um 50% reduzieren. Grund hierfür wären unter anderem neue Arten von Besteuerungen und höhere Ausfuhrzölle. Des weiteren sind die Zinkpreise in China mit 2.598- 2.612 USDTonne höher als der drei Monatsdurchschnitt an der London Metal Exchange. Zink wird an der LME momentan bei 2.290 USD/Tonne
gehandelt. Die chinesische Statistikbehörde veröffentlichte Zahlen, wonach China in 2007 3.748.600 Tonnen Zink produziert hat. Dies entspricht einer Steigerung von 18% gegenüber 2006.
Quelle: Rohstoffe-Go, Autor: (sw