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    Ein spannender Blick auf Zijin Mining (Seite 33)

    eröffnet am 30.04.13 21:59:23 von
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     Ja Nein
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      schrieb am 27.05.15 12:25:25
      Beitrag Nr. 452 ()
      Details:


      Popeye82
      schrieb am 26.05.15 20:55:15
      Beitrag Nr. 321 (49.852.225)
      Antwort auf Beitrag Nr.: 49.402.571 von Popeye82 am 23.03.15 22:27:20
      Ivanhoe Mines +China's Zijin Mining Group Sign Landmark Agreement, to Co-Develop the World-Scale Kamoa Copper Discovery in the Democratic Republic of Congo - May 26, 2015

      + Zijin to acquire 49,5% of Ivanhoe's Kamoa stake, for a total cash consideration of US$412,000,000

      + Zijin holds option to acquire an additional 1% share, upon successfully arranging project financing for 65% of the 1st phase of Kamoa's development costs ...
      www.ivanhoemines.com/s/newsreleases.asp?ReportID=709510

      "XIAMEN, CHINA--(Marketwired - May 26, 2015) - Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that Ivanhoe and Zijin Mining Group Co., Ltd. have agreed to a strategic co-development of the Kamoa copper discovery in the Democratic Republic of Congo.

      Under terms of agreements signed in Xiamen, Zijin - through its subsidiary, Gold Mountains (H.K.) International Mining Company Limited - will buy a 49.5% share interest in Kamoa Holding Limited (Kamoa Holding), an Ivanhoe subsidiary that presently owns 95% of the Kamoa Project, for an aggregate consideration of US$412 million (approximately C$506 million).

      The purchase price will be satisfied by an initial payment of US$206 million in cash upon the closing of the transaction, which is expected on or about July 31, 2015, and is subject to Zijin's receipt of approvals by the government of the People's Republic of China, and certain other customary closing conditions.

      The agreements specify that the remaining US$206 million will be paid in five equal installments, payable every 3.5 months from closing and continuing through the remainder of 2015 and into 2016.

      In addition, Ivanhoe has agreed to sell 1% of its share interest in Kamoa Holding to Crystal River Global Limited (Crystal River) for US$8.32 million - which Crystal River will pay through a non-interest-bearing, 10-year promissory note. Crystal River is a private company incorporated in the British Virgin Islands but operated in Hong Kong and controlled by Mr. So Hon Chun. Mr. So is a Hong Kong permanent resident who had served in a number of senior capacities in natural resources development within the CITIC group for more than 10 years during the late 1990s to 2010/2011. Subsequent to his retirement, Mr. So set up his own consultancy and has been active in providing advice to large, international and People's Republic of China state-owned companies in the mining and oil and gas sectors. He also has had a long involvement with Ivanhoe Capital Corporation. In addition, Mr. So is also a long standing friend of Mr. Chen, the chairman of Zijin, and as a result, is the mutually agreeable and trusted choice of both parties to hold the 1% share interest.

      Option to acquire an additional 1% share, project financing and offtake agreement

      Zijin also has committed to use its best efforts to arrange or procure project financing for 65% of the capital required to develop the first phase of the Kamoa Project, as set out in the feasibility study, without any recourse, and on terms acceptable to Ivanhoe. Zijin will provide any and all required completion guarantees relating to the securing of project financing for the Kamoa Project.

      Upon the successful arrangement or procurement of project financing, Zijin will have the right to acquire Crystal River's 1% share interest (the 1% Option) in Kamoa Holding. If the 1% Option has not been exercised within seven years from the delivery of the feasibility study (because, for example, the project financing has not been arranged by that time), the option will expire and each of Ivanhoe and Zijin then will have the right to buy one-half of the 1% share from Crystal River, which would then result in an equivalent 50%/50% ownership split between the parties.

      The agreements also provide that upon exercise of the 1% Option, for an amount to be determined by an independent expert valuator, Zijin will be required to arrange or procure project financing for all subsequent phases of the Kamoa Project, without any recourse, and on terms acceptable to Ivanhoe. In addition, Zijin will provide any and all required completion guarantees relating to the securing of the subsequent project financing for Kamoa's development.

      Upon closing of the transaction, each shareholder is required to fund Kamoa Holding in an amount equivalent to its proportionate shareholding interest.

      In addition, since 65% of the pre-production capital required to develop the first phase of the Kamoa Project - as described in the feasibility study - is to be funded through project financing, the balance of 35% of the required capital will be funded pro rata by the shareholders. Therefore, Zijin and Ivanhoe each effectively will be required to fund 17.5% of the remaining first phase development costs.

      Following Zijin's exercise of the 1% Option, Zijin will be entitled to negotiate an offtake agreement, on commercial, arm's-length terms acceptable to Ivanhoe, to acquire up to that portion of the total production from the Kamoa Project attributable to Kamoa Holding for at least the term of the project financing.

      "This agreement with Zijin, one of the world's most accomplished miners, is further confirmation of Kamoa's distinction as one of the most significant, undeveloped mineral discoveries of our age and charts a course for the realization of significant benefits for all of Ivanhoe's and Zijin's stakeholders as well as the Congolese people. Together with the Congolese government and Zijin, we aim to meet the expectations of the Congolese people and our stakeholders in Katanga as we proceed to build a world-class, new copper mine," said Mr. Friedland.

      "The strategic partnership with Ivanhoe announced today, through which we plan to jointly develop Kamoa, will turn our respective strengths into synergies that will create significant value for both Zijin and Ivanhoe shareholders, as well as the societies in which we operate," Mr Chen added.


      Key decisions governed by Shareholder, Governance and Option Agreement

      The relationship between Ivanhoe Mines, Zijin and Crystal River will be governed by a Shareholder, Governance and Option Agreement (SGO). The SGO provides, among other things, that all key decisions regarding the development and operation of the Kamoa Project will be made by Kamoa Holding's Board of Directors, which initially will consist of five members: two designated by Ivanhoe, two designated by Zijin and one designated by Crystal River.

      Upon Zijin's exercise of the 1% Option, Zijin will assume Crystal River's right to designate one director, meaning Zijin could designate a total of three directors. However, Kamoa Holding's Board of Directors will not be permitted to make certain decisions without certain approvals of Kamoa Holding's shareholders. For example:

      - establishment of the Kamoa Project's long-term development plan and other typical minority shareholder rights will require approval of 80.01% of shareholders; and

      - approval of the annual program and budget will require approval of 66.67% of shareholders.


      Shareholder cash calls will be based on either an annual program and budget or an interim, sustaining annual program and budget.


      Kamoa positioned to become one of the world's largest copper mines

      The 2013 Kamoa preliminary economic assessment (PEA) reflects a two-phased approach to development of the Kamoa Project (https://www.youtube.com/watch?v=Tb3v8OBHhs0). The first phase of mining considered in the PEA would target high-grade copper mineralization from shallow, underground resources to produce approximately 100,000 tonnes of contained copper in a high-value concentrate. The Kamoa PEA estimated that the pre-production capital required for Kamoa's first phase of development would be approximately US$1.4 billion. To date, Ivanhoe has invested approximately US$337 million in equity capital in discovering and developing the Kamoa Project.

      The proposed second phase would entail a major expansion of the mine and mill, and construction of a smelter to produce approximately 300,000 tonnes of blister copper each year.

      "The Kamoa PEA highlights the rare combination of a very high copper grade and very large tonnage - qualities that position Kamoa to have the potential to become a substantial copper producer with one of the lowest cash costs anywhere in the world," said Mr. Friedland.

      "Together with our partner Zijin, we will examine the possibility of expanding the Kamoa Project beyond the currently contemplated second phase of production."

      Mr. Chen noted that "Kamoa is a great discovery in terms of size and grade. We believe that additional drilling will continue to expand the resources to support an even larger Kamoa Project."

      Kamoa investment follows Zijin's recent purchase of a 9.9% stake in Ivanhoe

      The successful negotiation of the strategic co-development arrangement for Kamoa follows Zijin's acquisition of a 9.9% interest in Ivanhoe Mines for a US$85 million investment on April 20 this year. Zijin also has agreed to the inclusion of a 10-year standstill provision in the Kamoa SGO, meaning that Zijin only will be permitted to acquire further shares of Ivanhoe on a consensual, negotiated basis.

      The co-development transaction is the result of the strategic process that was announced by Ivanhoe in August 2014. The process continues with respect to the historic, high-grade Kipushi zinc, copper and germanium mine, which also is located in the DRC. Ivanhoe remains in discussions regarding potential transactions with Kipushi.


      Conference call with Ivanhoe's senior management on Thursday, May 28

      Ivanhoe Mines' senior management team will host a conference call on Thursday, May 28, at 9:00AM EDT (6:00AM PDT / 2:00PM GMT) to discuss details of the Kamoa strategic co-development agreement with Zijin. The call may be accessed by dialling 1-866-223-7781 FREE or 1-416-340-2216 in Canada and the United States. Callers outside North America may refer to https://www.confsolutions.ca/ILT?oss=1P29R8662237781 for their country-specific toll-free dial-in number.


      Advisers to Ivanhoe and Zijin

      BMO Capital Markets Limited and Morgan Stanley & Co. International plc are financial advisers to Ivanhoe and Stikeman Elliott LLP is legal counsel to Ivanhoe. GMP Securities is financial adviser to Zijin, and Fasken Martineau DuMoulin LLP is legal counsel to Zijin. Crystal River has been independently represented by ONC Lawyers, Hong Kong. On completion of the transaction, Crystal River also will be entitled to a finder's fee from Ivanhoe equal to 5% of the total cash consideration payable.


      About Ivanhoe Mines

      Ivanhoe Mines, with offices in Canada, the United Kingdom and South Africa is advancing and developing its three principal projects:

      The Kamoa copper discovery in a previously unknown extension of the Central African Copperbelt in the Democratic Republic of Congo's southern Katanga province. In March this year, members of the Ivanhoe Mines exploration team received the prestigious Thayer Lindsley Award from the Prospectors & Developers Association of Canada for the Kamoa copper discovery, recognized as 2014's top international mineral discovery (https://www.youtube.com/watch?v=dyfjnnY3L9U). The government of the DRC has a 5%, non-dilutable interest in Kamoa and Ivanhoe has offered to sell an additional 15% interest to the DRC government on commercial terms to be negotiated.

      A multi-phased mine development on its 64%-owned Platreef discovery of platinum, palladium, nickel, copper, gold and rhodium in South Africa's Bushveld Complex. The South African beneficiaries of a broad-based, black economic empowerment structure have a 26% stake in the Platreef Project and the remaining 10% is owned by a Japanese consortium of ITOCHU Corporation; Japan Oil, Gas and Metals National Corporation; ITC Platinum Development Ltd., an ITOCHU affiliate; and Japan Gas Corporation.

      The historic, high-grade Kipushi zinc, copper and germanium mine, also on the Copperbelt in the D.R. Congo's Katanga province, which now is being drilled and upgraded by Ivanhoe following its acquisition of a majority interest in the mine in 2011. Kipushi was operated by previous owners between 1924 and 1993.


      About Zijin Mining

      Zijin is a large-scale mining group headquartered in Shanghang County, in China's Fujian Province. It is one of the largest gold producers, second largest mineral copper producer and a significant zinc, tungsten and iron ore producer in China. Zijin trades on the Shanghai and Hong Kong stock exchanges and has a market capitalization of more than US$15 billion.


      Qualified Persons

      The independent qualified persons responsible for preparing the Kamoa PEA were Bernard Peters, B. Eng. (AMC); Dr. Harry Parker (AMEC); Gordon Seibel (AMEC); Jarek Jakubec, C. Eng., (SRK); Mel Lawson, B. Eng. (Stantec); and Arne Weissenberger, P.Eng., and Francois Marais, P.Eng. (Golder).

      The scientific and technical information in this release has been reviewed and approved by Stephen Torr, P.Geo., Ivanhoe Mines' Vice President, Geosciences, a Qualified Person under the terms of National Instrument 43-101. Mr. Torr has verified the technical data disclosed in this news release.

      For detailed information about assay methods and data verification measures used to support the scientific and technical information in the Kamoa PEA, please refer to the current technical report on the Kamoa Copper Project on the SEDAR profile of Ivanhoe Mines at www.sedar.com. "
      6 Antworten
      Avatar
      schrieb am 27.05.15 12:20:07
      Beitrag Nr. 451 ()
      Antwort auf Beitrag Nr.: 49.850.542 von Goldbaba am 26.05.15 17:19:12
      3.48
      +0.49 (16.39%)
      Vol / Avg. 352.03M/
      May 27 - Close
      HKG data delayed by 15 mins - Disclaimer
      Currency in HKD

      Geht doch!
      Avatar
      schrieb am 26.05.15 17:28:51
      Beitrag Nr. 450 ()
      Antwort auf Beitrag Nr.: 49.850.215 von Goldbaba am 26.05.15 16:45:59Usually, China makes the headlines with regard to its crashing real estate and slowing economy. Behind the scenes, however, the country is working hard to become a power player in the gold market.

      The reasons are simple. China knows the past growth policies are not working anymore, and is not sure how much time it has left before a serious economic crisis. So it is pushing to consolidate and further its power internationally by gaining more influence at the International Monetary Fund (IMF), setting up its own institutions like the Asian Infrastructure and Investment Bank (AIIB)....

      http://seekingalpha.com/article/3210216-the-latest-step-in-c…
      Avatar
      schrieb am 26.05.15 17:19:12
      Beitrag Nr. 449 ()
      Antwort auf Beitrag Nr.: 49.850.494 von Goldbaba am 26.05.15 17:15:15Es ist schon atemberaubend welche Wachstumsenergien Zijin an den Tag legt,
      Zijin ist gerademal 12 Jahre alt.
      1 Antwort
      Avatar
      schrieb am 26.05.15 17:15:15
      Beitrag Nr. 448 ()
      Antwort auf Beitrag Nr.: 49.850.215 von Goldbaba am 26.05.15 16:45:59http://money.cnn.com/news/newsfeeds/articles/marketwire/1196…

      Barrick Announces Strategic Partnership With Zijin Mining Group
      Marketwired
      May 26, 2015: 06:06 AM ET

      All amounts expressed in US dollars unless otherwise indicated.

      Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick" or "the company") today announced that it has formed a strategic partnership with leading Chinese mining company Zijin Mining Group Co., Ltd ("Zijin").

      As a first step, Zijin will acquire 50 percent of Barrick (Niugini) Limited ("BNL"), the company which owns 95 percent of and manages the Porgera Joint Venture gold mine in Papua New Guinea. In addition, Barrick and Zijin have signed a long-term strategic cooperation agreement which outlines the intent of both companies to collaborate on future projects and joint investments, leveraging the strengths of each company....
      2 Antworten

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      Avatar
      schrieb am 26.05.15 16:53:07
      Beitrag Nr. 447 ()
      Antwort auf Beitrag Nr.: 49.850.254 von Goldbaba am 26.05.15 16:49:530,25 AUD = 0,178
      Avatar
      schrieb am 26.05.15 16:49:53
      Beitrag Nr. 446 ()
      Antwort auf Beitrag Nr.: 49.850.077 von Goldbaba am 26.05.15 16:34:03Zijin increases offer for Norton 26th May 2015 By: Esmarie Swanepoel EMAIL THIS ARTICLE © Reuse this PERTH (miningweekly.com) – Chinese suitor Zijin Mining Group has increased its takeover offer for ASX-listed gold producer Norton Gold Fields from 23c a share to 25c a share.

      It is our preference that if you wish to share this article with others you should please use the following link:

      http://www.miningweekly.com/article/zijin-increases-offer-fo…
      1 Antwort
      Avatar
      schrieb am 26.05.15 16:45:59
      Beitrag Nr. 445 ()
      Antwort auf Beitrag Nr.: 49.850.077 von Goldbaba am 26.05.15 16:34:03
      Dienstag, 26.05.2015 - 16:29 Uhr

      China steckt Milliarden in Goldminen
      Chinas Regierung will die Shanghaier Goldbörse als weltweit führenden Handelsplatz für das Edelmetall etablieren und hat damit die Stärkung des Yuan als Welthandelswährung im Blick....

      http://www.godmode-trader.de/analyse/china-steckt-milliarden…
      4 Antworten
      Avatar
      schrieb am 26.05.15 16:34:03
      Beitrag Nr. 444 ()
      Antwort auf Beitrag Nr.: 49.845.229 von Goldbaba am 25.05.15 23:57:04
      Zijin hat wieder zugekauft:

      Barrick Gold to sell 50% in Papua New Guinea unit to Zijin Mining
      May 26 2015, 08:15 ET | About: Barrick Gold Corporation (ABX) | By: Carl Surran, SA News Editor [Contact this editor with comments or a news tip]

      Barrick Gold (NYSE:ABX) announces a strategic partnership to help forge closer ties with China, agreeing to sell a 50% stake in its unit that manages the Porgera gold mine in Papua New Guinea to Zijin Mining (OTCPK:ZIJMF) for $298M in cash.

      The unit, Barrick Niugini, owns 95% of Porgera and Papua New Guinea owns the rest; the mine is expected to produce 500K-550K oz. of gold this year.
      Separately, Zijin also says it is buying a 49.5% stake in Ivanhoe Mines' (OTCPK:IVPAF) Kamoa copper project in the Democratic Republic of Congo for $412M.

      http://seekingalpha.com/news/2542996-barrick-gold-to-sell-50…
      7 Antworten
      Avatar
      schrieb am 25.05.15 23:57:04
      Beitrag Nr. 443 ()
      Russian gold reserves increased by another sizeable 300,000 troy ounces in April to bring total, declared Russian gold reserves over the 40 million mark - to 40.1 million troy ounces. There is of course the possibility that Russia is not declaring all of their gold bullion purchases and reserves, in the manner of the People’s Bank of China.

      http://www.zerohedge.com/news/2015-05-22/smart-money-enterin…
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