HAMMERNEWS BEI PORTMANN-MINING (872322)!!!!!!!!!!!! - 500 Beiträge pro Seite

[NasDacks]

Supernews von Portmann Mining!!! Das hört sich mehr als Gut an!!!!!!!!



News von Portman Mining:

Portman Mining Limited
Wednesday, February 9, 2000 - Portman To Extend Cockatoo Island Operations




HOMEX - Perth
-------------------------
Portman to Extend Cockatoo Island Operations

MEDIA RELEASE
Portman Mining Limited is to extend the life of its Cockatoo Island
Iron Ore Project in Western Australia - and offer a new high-grade
sinter fines product in Asian markets - after giving the go-ahead to
a 2-year remnant ore project on the island in joint venture with
Henry Walker Eltin Ltd.

The project, based on a 1.6 million tonne resource of high-grade
haematite ore at the eastern end of the old pit previously mined by
BHP, will continue to raise Portman`s profile in Asian iron ore
markets through the addition of a premium export product. It will be
structured through a 50:50 joint venture with Henry Walker Eltin.

The new project is expected to yield its first Cockatoo Premium Fine
Ore (the new product brand name) at the end of July 2000, some three
months after the existing Cockatoo Island operations - based on the
production of concentrates from the waste stockpile left by BHP -
cease.

Portman has negotiated free access to the remnant ore from BHP in
return for meeting certain rehabilitation obligations. BHP did not
recover the ore because it was covered by the original infrastructure
of the Cockatoo Island operation.

The Company`s Managing Director, Mr Geoff Wedlock, said forecast
revenue from the sale of the 1.6 million tonnes of fine ore would
provide an attractive return to Portman.

"A joint venture with Henry Walker Eltin - our existing contractor at
Cockatoo Island - is the best way to undertake the project in terms
of cost minimisation, operating flexibility and risk sharing," he
added. "Marketing such a high-grade product in Asia will assist
Portman overall in terms of market development."

Portman`s General Manager - Iron Ore, Mr Richard Mehan, said customer
interest in the product was extremely strong because of its very high
iron grade and low level of impurities.

"Many traders are seeking an allocation of premium fines, which will
be sold through Portman`s Beijing representative office," Mr Mehan
said.

"In total, we expect that up to 50 steel mills in Asia are potential
buyers of the project with sales being assisted by expectations of a
much stronger iron ore market during the next two years."

The remnant ore project has been marketed to both Chinese and
Japanese steel mills over the past 12 months, including many smaller
mills which are expected to purchase on a spot or multiple cargo
basis.

Total capital expenditure for the project is A$7.4 million, of which
A$6.0 million will be required prior to the revenue stream commencing
on shipment of the first cargo.

Portman Mining Limited recently took a further step in its iron ore
growth strategy, announcing plans to restructure its Koolyanobbing
Iron Ore Joint Venture with China`s Anshan Iron and Steel Complex
(Angang) - which includes the Cockatoo Island Project - by moving to
100% ownership.

[peterkneter]

Spitze meldung!
Ich bin jedenfalls schon drin....
falls es keiner mitbekommen hat, es ist auch ein tipp im aktionär: KZ1,5€!!
Morgen gehts richtig abbb

[Das Sprachrohr]

Yiepie!!!!!!!!

...und morgen geht´s erst richtig los...!!!!!!!!!!!

[Tracy]

und Yuppy, heute gehts erst richtig runter.

[NasDacks]

...und was runterfällt (wenn auch nur kurzfristig!) schnellt umso höher!!!!!!!!!!

Grüße an alle Port-Männer

[Zwerg Nase]

Konnten die Aussies auf diese Nachricht schon reagieren ?

[Goldhotline]

An NasDacks:

Sei doch mal ehrlich. Ist die Hammermeldung tatsächlich die Ausweitung der Eisenerzproduktion oder doch eher die Kaufempfehlung im "Aktionär"? (Du bist uns früher als Analyst im Rohstoffbereich nie aufgefallen!?)

Jedenfalls haben sich im Vorfeld der Kaufempfehlung im Aktionär so viele Leute so hoch eingedeckt, daß der Aktienkurs der Portman nicht steigen kann.

Dennoch halten wir ein Investment in Portman für gerechtfertigt, da die Gesellschaft neben dem Eisenerzprojekt über ein interessantes Silizimprojekt verfügt und zur Zeit etwa 135 Mio A$ cash hat, was etwa 70 % des Aktienkurses entspricht.

Durch die hohen Aktienbestände, die im Vorfeld der Kaufempfehlung im "Aktionär" aufgebaut wurden, ist jetzt ein deutlicher Kursrückgang möglich, der dann zum Einstieg genutzt werden kann.

[DickundDoof]

Hallo ihr !!
Wer kann mir sagen wo ich den Kurs von Portmann in Aus. sehen kann.
Und unter welchem Kürzel.
Wollte morgen früh mal sehn was die da machen!!
Bedanke mich schon im voraus.
D&D

[ohno]

An Goldhotline,

das ist nicht Dein Ernst???

[Evil]

Hi D&D (DickundDoof),

schau doch mall bei http://www.quicken.com.au rein.
Da must Du Dich registrieren, kostet aber nix und geht in 1 sek., und da kannst Du unter dem Kürzel <<<PPM>>> den aktuellen Kurs erfahren.
Um 24 uhr lokaler Zeit geht es DownUnder los....

Freu mich jetzt schon!


Bis morgen denn....

[Evil]

UPS, sorry das kürzel ist <<<PMM>>> und nicht PPM ....

To many fingers on keyboard error!

[Plato]

DEAL WITH GERMANY`S LEADING COAL CONCERN FOR SALE OF BURTON MINE IN QUEENSLAND

Completion Will Leave Australian Company With A$130m Cash And No Debt:
Proceeds Earmarked For Lithgow Silicon, Iron Ore Expansion & Market Opportunities



Germany’s leading coal producer, RAG Coal International AG, is to buy Portman Mining’s 95p.c. interest in the Burton coal project in Queensland in a deal worth
approximately A$200m, it is announced today. RAG Coal is a division of RAG AG which recently acquired the coal interests of Cyprus-Amax for US$1bn, making
it the second largest privately-held coal company in the world.

The proceeds of the proposed sale, comprising cash plus Burton’s foreign exchange hedge book and working capital, together with Portman’s own recent A$50m
fund raising, will leave the Australian company with around A$130m in cash and no debt. "It will give the company the capacity to pursue major new opportunities in
the Australian resources sector", said Portman’s chairman Mr George Jones today. "Part of the cash would be used for development of the 50p.c. owned Lithgow
silicon project in NSW and to fund the company’s recently announced iron ore expansion strategy."

For RAG - which is making the acquisition through its subsidiary RAG Australia Coal Pty Limited - the Burton interest will give it a second strategic Australian asset
alongside its 27.2% interest in the German Creek coal mine and a key position in the Australian coking coal market.

The Burton coal project has established itself in recent years as one of Australia’s best performing coal mines, despite the impact of falling coal prices and difficult
market conditions. It produces 4m tpa of predominantly high quality hard coking coal for export.

OPPORTUNITY TO MAXIMISE INVESTMENT RETURNS

Mr Jones said the sale of the company’s interest in Burton represented an opportunity to maximise the return on its investment in the mine in one of the most difficult
coal markets for decades. "Our goal for Portman is to invest in projects which can deliver an above average rate of return on shareholders’ funds over the long term.
The coal market at the moment is under pressure and is being driven by rationalisation. We recognise that a larger group such as RAG is best placed to extract
further value from Burton in the long term".

RAG Coal’s chairman, Dr Juergen W Stadelhofer, said Burton was a high-quality, long-life asset which suited the company’s international expansion strategy, which
recently saw it acquire the coal interests of Cyprus Amax.

WORLD’S SECOND LARGEST PRIVATELY-OWNED COAL COMPANY

Following that acquisition, Essen-based RAG is now the second largest privately-owned coal producer in the world with total output of around 70m tpa from
America, Australia and Venezuela. "We have been looking for an Australian coking coal asset and Burton fits in perfectly, giving us a strategic position at the upper
end of export coking coal market in that part of the world" said Dr Stadelhofer.

Based on current open cut reserves, Burton has a life of 10-12 years at the present output of 4m tpa. Its life could be more than doubled through development of the
Kerlong underground resource, which would require further investment.


EXCITING GROWTH OPPORTUNITIES

Commenting today, Portman`s managing director, Mr Geoff Wedlock said, "With the strategic alliance with Thiess now firmly in place, Portman will be able to
realise its goal of developing a major raw materials and resources investment group at a time in the market when there are many exciting growth opportunities for
cashed up companies."

A key focus will be the A$130 million Lithgow silicon project, which is expected to be developed as Australia`s second silicon producer - yielding up to 30,000
tonnes per annum for more than 30 years.

The company has also flagged a major expansion of its iron ore interests at Koolyanobbing in Western Australia after securing new high-grade resources and
deciding to support Esperance as its preferred port development option. This could see Portman lift iron ore exports over the next 3-5 years from 1.65 million to in
excess of 4m tpa as part of a long-term strategy to build its operations into a niche supplier to Asian marketing.

[Plato]

http://www.portman.com.au/financials/halfyearly99.htm

PORTMAN MINING LIMITED
A.C.N. 007 871 892

HIGHLIGHTS

Corporate

$50M placement and rights issue completed
Formation of a strategic alliance with Thiess Contractors
Appointment of Martin Albrecht, Managing Director of Thiess Contractors to the Portman Board

Burton Coal Project

Expansion of the project to 4Mtpa is complete and fully operational
Additional markets have been secured despite the tough conditions
Agreement has been reached with Queensland Ports Corporation to substantially reduce port
handling charges
The Kerlong underground feasibility study is complete and currently being examined by senior
management of the Joint Venturers

Iron Ore

New marketing strategies pay off with new customers introduced and an increasing awareness of
the product quality
The upgrade feasibility to +4Mtpa is progressing positively with announcements on the:

- support of the Esperance Port development
- acquisition of additional Iron Ore reserves at Mt Jackson, Bungalbin and Windarling
- Westrail Privatisation Bill introduced into Western Australian State Parliament

Resumption of production on Cockatoo Island
Cockatoo Island remnant ore feasibility study expected to be completed in September 1999

Lithgow Silicon Project

The Lithgow Silicon Project feasibility study is complete. Conditional board approval for the project has
been given awaiting finalisation of marketing and sales agreements, financing, agreement with NSW
State Forests regarding timber supply arrangements and development consent from the NSW
Department of Urban Affairs and Planning.


CHAIRMAN`S LETTER TO SHAREHOLDERS

PORTMAN MINING LIMITED
A.C.N. 007 871 892

Dear Shareholder

In Portman’s Annual Report to shareholders for 1998, your Directors noted a strong financial and
operating performance achieved in one of the most difficult business environments in Australia for many
years.

These same depressed market conditions prevailed into 1999, with the after-effects of the Asian
economic downturn continuing to be felt in the Australian resources industry in spite of recent signs of
recovery in a number of countries including Japan and Korea. As a result, Australian coal producers
were forced to concede substantial coal price reductions in international markets in 1999, while fierce
competition and heavy price discounting also hit key iron ore markets. These negative effects are
expected to continue for some time, particularly into the second half of 1999, impacting on the financial
performance of Companies such as Portman.

Portman achieved a strong increase in sales revenue in the six months to 30 June 1999 which showed a
27.8% improvement to $91.80 million. However, the net interim operating profit after income tax for the
period was reduced to $2.51 million, reflecting the adverse conditions already mentioned. This result,
which includes a provision of $2.43 million for income tax, compares with $10.27 million for the previous
corresponding period. Operating profit before tax was $4.94 million compared with $10.74 million
previously.

The achievement of a positive result in this very difficult international environment for bulk commodities
represents a solid and creditable achievement for your Company. However, our focus is also on the
future growth and direction of the Company. To this end we have been carefully evaluating opportunities
and formulating strategies that will strengthen Portman and take it into the future, as well as boosting
our operational and marketing strengths.

Our aim is to build Portman into a major raw materials and resources group and our focus is very much
on the road forward as we move into an exciting period of growth and development.

The first step was our recently announced strategic alliance with Thiess Contractors which saw Thiess
invest $12.48 million to take up a placement of 16 million shares in Portman and participate in a Rights
Issue which raised a further $37.3 million.

The alliance with Thiess, with whom we have worked successfully at the Burton Coal Project for a
number of years, is designed to combine Portman’s resource development and ownership, marketing
and asset management skills with the operating and technical mining skills of Thiess and provide a
framework for the identification, development and operation of future Portman projects.

On 3 August 1999, the Rights Issue was completed bringing the total number of Portman shares on
issue to 181,002,834 and increasing our market capitalisation to approximately $120 million. It is
pleasing to note that, although fully underwritten by Deutsche Bank AG, the vast majority of the Rights
Issue was taken up by shareholders.

Also in August, we were able to announce a major expansion of our iron ore interests in Western
Australia after securing access to significant new high-grade resources on tenements at Mt Jackson
and Windarling, previously held and explored by WMC Limited. This followed our earlier announcement
of an agreement with Heron Resources NL to acquire that company’s iron ore resources at Bungalbin,
50 kilometres north of Koolyanobbing.

After completing a detailed evaluation of the available options, we were also able to announce that the
Port of Esperance had been chosen as our preferred port development. The ability to deliver iron ore in
large Cape size vessels and thereby achieve unit economies of scale will be critical to the success of
our expanded iron ore interests at Koolyanobbing and has the potential to open up extensive new
market opportunities. We are currently seeking assurances from various external parties on the upgrade
of the railway line between Widgemooltha and Esperance which will be an essential requirement for a
successful expansion of operations.

Our strategic alliance with Thiess was further strengthened with the recent appointment to the Portman
Board of Thiess Contractors’ Managing Director, Mr Martin Albrecht as a non-executive director. I am
very pleased to welcome Mr Albrecht, who has considerable international experience in the civil
engineering, construction and resources industries and will add to the depth of expertise already
included in our Board structure.

Finally, in what has been a very busy period of activity, we anticipate that an announcement will be
made shortly on the outcome of the feasibility study into the development of a 30,000 tonne per annum
silicon metal project based in Lithgow in New South Wales in joint venture with Doral Mineral Industries
Limited.

Portman has contributed $1million to the cost of the study in return for a 50% interest in the project and
has also managed key areas of the study. The study is expected to demonstrate that a low cost,
internationally competitive, long life project can be developed which is capable of consistently producing
silicon metal of the highest quality.

While we anticipate that the second half of 1999 will continue to present extremely difficult operating
conditions for resources companies, we are confident that Portman has the ability to grow and to
generate shareholder wealth by virtue of its strong management team, sound cash position and its
strategic alliance with Thiess, one of Australia’s leading multi-disciplinary engineering and construction
related service companies.....................................................................................

[DickundDoof]

DANKE EVIL
für deine schnelle Hilfe!
Werde das sofort ausprobieren.Bin heute etwas enttäuscht aber wir werden noch unseren Spaß an Port. haben.
Es muß ja nicht immer in 2 Tagen xx % sein!!
Wünsche allen noch viel Erfolg mit Portm.
D&D

[Uwe79]

Umsätze in Australien steigen wieder an. Gerstern Nacht + 3,4 %. Kurs bei uns 0,59 €.

Umsatz vorgestern 8 MIO Stück. Gestern 11 Mio Stück.

im späten Handel sind nochmals sehr viele Aktien umgegangen.

Ich denke heute Abend gehts los !

Hoffe ich kann jetzt noch zu 0,58 kaufen !

CU

Uwe

[Jeck]

wirst auch noch um 17 uhr zu 0,58 kaufen können. da tut sich heut nicht viel. wird sich jemals was tun?
gruss

[andyHH]

ich Idiot habe heute früh zu 0.62 in Frankfurt gekauft=höchster Kurs von heute. Da wurde wohl etwas übertrieben!!!

[Max025]

ASX Australia News

CNG verkauft ca 1 Million
Portland kauft Aktien zurück ????

Bitte einer Übersetzen der besser im englischen ist.


Max

[goodguy]

gibt es hier eigentlich irgendwen, der schon seit 0,02 EUro dabei ist?