Ein spannender Blick auf Zijin Mining (Seite 75)

[Goldbaba]

Antwort auf Beitrag Nr.: 44.738.355 von Goldbaba am 29.05.13 12:01:34

http://www.zjky.cn/publish/english/tab138/info31672.htm



On 21 May 2013, the Chinese-backed Norton Gold Fields celebrated the official opening of its Enterprise Open Pit Mine on outskirts of Kalgoorie. As many of state’s gold miners continue to battle falling commodity prices, Enterprise’s opening shows Norton’s strong confidence in gold sector, and has draw great public attention. For comprehensive understanding of this event, following are key points from relevant reports worldwide:

Enterprise Gold Mine, 38km from the Paddington plant, has an indicated and inferred mineral resource of 1.22Moz(22.5Mt at 1.69g/t), including a deeper portion of 319,000oz(3.3Mt at 3.04g/t), that is expected to supply five years of base-load ore feed to the 3.3Mtpa Paddington Mill. The mine is expected to reach full production at 110,000oz pa gold in the last quarter of 2013, and will produce around 550,000 ounces of gold in the next five years.1

Gold rebounded nearly $US50 on Tuesday’s trade to close in Sydney at $US1394 per ounce. Zijin chairman Chen told reporters that “At the current price many companies are experiencing difficulties, while Zijin has a very low cost profile and at the current price there is still a margin so I am not worried from Zijin’s point of view, but for Norton it will be slightly difficult at the current price with the cost profile in Western Australia.” “Even if it goes down to $US1200/oz, Norton will be able to continue operation although it is not ideal.”2

Mines and Petroleum Minister Bill Marmion has commended the opening of Enterprise Gold Mine, saying it demonstrated continued confidence in the sector. “From November, the mine will begin producing approximately 110,000 ounces of gold a year and the mine will employ 80 staff for the next five years, which is great for the Goldfields and the broader Western Australian economy.” In addition, he added that “This move solidifies Western Australia’s reputation as a global mining investment destination, and I welcome Norton Gold Field’s position as a long term WA gold miner.”3

Zijin and Norton are always interested in looking those projects which fit their strategy to grow and reduce cost. MD and CEO Dianmin Chen said, “With a higher grade than the current base-load operation, Enterprise will allow us to both increase the Paddington operations’ gold production, and at the same time, reduce unit production costs”. Meanwhile, he noted that a definitive feasibility study was under way to explore the potential to exploit a portion of the resource through underground mining, which would present further growth opportunities for the projects.4

China’s largest gold producer, Zijin Mining Group, took an 89% per cent stake in Norton last year with a view to using it as a vehicle for Australian acquisitions. Dr Chen expressed that Chinese investors remained bullish about the gold market, with continued strong demand within China for the metal for both Jewellery and investment. 5

Since the Zijin takeover, Norton’s focus has been on cutting its production costs to bring it closer to those of larger miners-it is vital given the current downward trend in prices. Norton reported that the cash cost of production had fallen by 25 per cent in March to $1033 per ounce, and it is targeting a cash cost of between $990 and $1090 per ounce over the next year. (As a comparison, larger producer Newcrest’s current cash cost is just $799 an ounce).5 Meanwhile, the operation at Enterprise will utilize Norton’s owner-operator mining fleet and existing infrastructure in order to further reduce the cost, particularly the cash costs significantly.6

(Edited by Lin Xia)

Reference:

1.“Enterprise pit to lift Norton’s Production, Lower costs”, Mining Business Media

2.Jarrod Lucas,“Chinese Upbeat on gold outlook”, the West Australia

3.“New WA Gold Mine Boosts Investor Confidence” Ministerial Media Statements , Government of WA

4.Esmarie Swanepoel, “Norton Cuts the Ribbon at Enterprise”, Mining Weekly

5.Natalie Gerritsen, “Norton Stays Acquisitive Despite Gold Volatility”, Financial Review

6.“Norton Gold Fields officially open Enterprise mine near Kalgoorlie”, ABC News

[Goldbaba]

Antwort auf Beitrag Nr.: 44.731.255 von Goldbaba am 28.05.13 14:52:56

Russia, Greece, Turkey, Kazakhstan and Azerbaijan expanded their gold reserves for a seventh straight month in April, buying bullion to diversify foreign exchange reserves due to concerns about the dollar and the euro. Russia’s steady increase in its gold reserves saw its holdings, the seventh-largest by country, climb another 8.4 metric tons to 990 tons, taking gains this year to 3.4% after expanding by 8.5% in 2012, International Monetary Fund data show. Kazakhstan’s reserves grew 2.6 tons to 125.5 tons, taking the increase to 8.9% this year after a 41% expansion in 2012, data on the website showed. Turkey’s holdings rose 18.2 tons to 427.1 tons in April, increasing for a 10th month as it accepted gold in its reserve requirements from commercial banks. Belarus’s holdings expanded for a seventh month as did Azerbaijan’s. Interestingly, Greece’s gold holdings climbed for a fourth month, according to the IMF data....


http://silverdoctors.com/russia-greece-turkey-other-central-…

[Goldbaba]

Antwort auf Beitrag Nr.: 44.692.267 von Goldbaba am 22.05.13 16:29:33

Es ist hier schön still, aber bei ZIJIN gehts ganz schön ab.

Wenn das die Goldbugs wüßten..




May 25, 2013, the National Geological Exploration Conference (the Seventh Hundred Geologist symposium) was held in Xiamen, Fujian Province. Chairman of Zijin Mining Chen Jinghe presented that total capital of RMB Yuan 450 million was invested in geological exploration in 2012 and from which Zijin obtained new mineral resource with potential value of RMB Yuan 100.2 billion.

"The practice of last year is another strong evidence to prove that the efficient method to make geological exploration achieve rapid breakthrough and obtain effective output is to look for new resources in the region near to current mines. “Chen said, “The resources result from this method accounts for 60% of total mineral resources hold by Zijin.

Mr. Zhang Shunjin, head of the Geological Prospecting Institute of Zijin, revealed that, by exploration around Zijinshan, the core mine of Zijin Mining, the resources of contained copper of Zijinshan Mine are expected to exceed 5 million tons, "The most economical and effective way to increase resources is deep and surrounding exploration of operational mines or mines near to operation".

"During the 12th Five-Year Plan Period, Zijin Mining plans to invest RMB Yuan 2 billion on exploration, which target for additional gold resources of 300 tons and copper resources(equivalent) of 3,000,000 tons," Chen Jinghe said, “because the base metal resources in China are less than 10% of the global resources, but is providing about 40% of global production capacity (including imports), yet the existing resources in China basically have been developed with most of which are poor and small. In China ,domestic minerals supply sustainability is not good enough, and still depends on the international market, therefore engaging in geological exploration and mining development will be a good industry which will create some great opportunities in a supply-demand unbalance market.

In addition to its ongoing investment, Chen Jinghe also hopes to strengthen the cooperation with the outside world, "Although the global mining industry will enter a shock down pattern, but geological exploration and mining is still a good industry in China. We are very willing to work with exploration companies with abundant resources, learn from the energy industry and overseas counterparts companies, enhance the quality and level of our geological exploration work, and achieve win-win situation with our partners. "

It is reported that, by the end of 2012, Zijin Mining has audited resources of nearly 1,200 tons of gold, more than 13 million tons of copper, 7.63 million tons of lead and zinc, 550,000 tons of molybdenum, 140,000 tons of tin, 1,510 tons of silver, 170,000 tons of tungsten, 200 million tons of iron ore and nearly 500 million tons of coal, in which overseas resources accounts for more than a quarter. Zijin Mining is one of the mining companies which have the largest metallic mineral resources in China.

(Edited by Chen Yinghui/Translated by Liu Sha)

[Goldbaba]

Aber so schön still da machts noch Freude.

Grüße

goldbaba

[Goldbaba]

Antwort auf Beitrag Nr.: 44.690.737 von OSNA1811 am 22.05.13 14:05:17

Die Schlechtmacher gehen ja noch, aber die Hypnotiseure,
die Kursvorherseher, kurz die Pusher, die sind übel.

[OSNA1811]

Antwort auf Beitrag Nr.: 44.689.283 von Goldbaba am 22.05.13 11:41:18

Hallöchen, oute mich hiermit, damit du nicht so alleine bist. Tolle Berichterstattung von dir. Bist ja sehr beflissen. Hoffentlich sind es die Chinesen auch...
Dass hier nicht die üblichen Schlechtmacher im Thread vertreten sind, sollte uns zusätzlich Mut machen, dass Zijin auf lange Sicht ein aufstrebener Kurswert ist.
Gruß. Frank.

[Goldbaba]

Antwort auf Beitrag Nr.: 44.671.623 von Goldbaba am 19.05.13 21:11:16

Opening of Chinese-Aussie gold mine shows solid partnership between Canberra, Beijing (3)
By Christian Edwards (Xinhua)
13:18, May 22, 2013

Behind Norton's strategy is consistent global interest and rising demand for gold in China, which is currently outstripping supply.

China produced around 410 metric tons of gold in 2012, but consumed nearly 800 tons. The Asian economy is the world's biggest producer of the precious metal, ahead of Australia.

http://english.peopledaily.com.cn/90883/8253732.html

[Goldbaba]

Ausländische Zijin Aktivitäten:

http://www.zjky.cn/publish/english/tab941/

Chinesische Hauptaktivitäten:

http://www.zjky.cn/publish/english/tab947/

[Goldbaba]

Antwort auf Beitrag Nr.: 44.665.727 von Goldbaba am 17.05.13 21:28:20

aus einem anderen Forum übertragen:

Zitat von Keilfleckbarbe1600 glaube ich nicht, erstmal müssen alle ETFs verkauft werden. Da kommt nach massiv Druck auf den Goldpreis und wie soll der Markt die hunderte Tonnen zusätzliches Gold aufnehmen ? Die Minen haben ihre Produktion ja noch weiter ausgedehnt und wollen den output weiter steigern. Also das musst du mir mal erklären, wie das zusammenpassen soll. Ich hoffe ja noch auf ein paar Monate vielleicht Jahre auf fallende EM Preise, dann sind die Minen pleite und der Sektor analog zum Neuen Markt zerstört . Hecla hat ja auch noch so eine "gutüberlegte" Übernahme zu überhöhten Preisen durchgezogen, mal sehen, wie das endet



Danke für Deine Einschätzung der gegenwärtigen Situation auf dem Goldmarkt.

In Asien wird die Goldpreisentwicklung natürlich ganz anders gesehen.

Das mag wohl daran liegen, daß die Zivilisationen um einiges älter sind
als westliche, daher wird in längeren Zeitabschnitten gefühlt und gedacht.

Vorübergehende Goldpreisschwankungen werden daher nur als ein relatives Ereignis bemerkt.

Aber in der großen Wahrnehmung gilt Gold als das Absolute,
als göttlich welches erstrebenswert ist in der "Hand" zu haben.

Indien und China werden vermögend, mit einer werteorientierten Mittelschicht
von mehr als 800 000 000 Menschen zusammen.
Gold ist bei dieser schnell nachwachsenden Mittelschicht das Fundament des Wohlstandes.

Daher überrascht es nicht, daß große chinesische Gold und Kupferminen
australische Minenbetreiber kaufen, ganz gleich wie der momentane
Goldpreis notiert wird.

Daneben ist nach der langen Phase der Armut und Schmach der Kolonisation
das Bedürfnis nach Anerkennung besonders ausgeprägt.

Daher wird es nicht verwunder, wenn auch die Währungen mit Gold unterlegt,
und gestützt werden um eine größere Glaubwürdigkeit im globalen Warenaustausch und natürlich auch bei der eigenen Bevölkerung zu erzielen.

Deswegen interessiert mich der Goldpreis auch nur am Rande
und ich behalte chinesische und australische Minenbetreiber
besonders im Auge.

Gruß

goldbaba

[Goldbaba]

Antwort auf Beitrag Nr.: 44.665.279 von Goldbaba am 17.05.13 20:42:20

China

Recently, author John Rubino wrote that “dollars make up about 62% of allocated central bank currency reserves, with the other 38% in mostly euros and pound sterling. The yen accounts for 4%, and the Chinese yuan virtually zero.” China being the biggest trading power in the world, it is somehow strange that the dollar is still dominating world trade. Rubino points out that this odd phenomenon is simply related to a habit that exists for 7 decades now (since World War II). However, that “good old habit” is coming to an end, driven by the increasing number of bi-lateral trade deals between China and its trading partners. Those agreements are settled in local currencies instead of dollars, so more yuan and real reserves, and correspondingly fewer dollars, are required.” In that respect we have seen the following announcements since the start of this year:

South Africa signed a raft of agreements with...

http://investmentwatchblog.com/a-new-chapter-in-currency-war…