AngloGold auf Einkaufstour in ... - 500 Beiträge pro Seite

[Antbear]

July, 31 : These the three targets of AngloGold in Australia:
Normandy Mining, Newcrest Mining and Delta Gold.
Robert Champion de Crespigny, CEO of NDY: NDY ist not available, will go into war !
Newcrest: No comment
Delta Gold : No comment
Strong Buy !!!
Antbear

[Basic]

Normandy hat gigantische Umsätze gemacht. DGD ist etwas abgefallen. Es bleibt spannend.
Gruß Basic

[TFischer]

Was mir auffällt ist, dass auch Hill 50 (HFY) in letzter Zeit relativ stark steigt. Vielleicht besteht ein Zusammenhang.

Gruss

TFischer

[Sovereign]

Das Fusionskarussel dreht sich munter weiter:
Nun will De Beers die australische Diamantenmine Ashton übernehmen (ich glaube nicht, daß die Kartellbehörden da mitspielen).
Interessant ist die Tatsache, daß Ashton 39 % am Goldproduzenten Aurora hält, und De Beers und AngloGold ja bekanntlich über eine Überkreuzbeteiligung eng verbunden sind...vielleicht fällt bei dieser Übernahme ja Aurora als "goldiges Abfallprodukt" für AngloGold ab?

Gruß

Sovereign

[Sovereign]

Hier nochmal ne passende Reuters-Meldung:


Monday 31 July 6:04 PM

Predators chase cheap Australian resources groups
By Sonali Paul
MELBOURNE, July 31 (Reuters) - Rumours have swirled for months that the weak Australian dollar and waning resource company share prices amid the tech stock bubble would make Australia`s miners juicy quarry for takeovers.

The long-awaited wave of consolidation is now fully under way with competing bids for North Ltd and a hostile bid for diamond miner Ashton Mining Ltd -- sparked by a combination of factors.

The Australian dollar has slumped, the outlook for miners` profits is strong amid rosy economic forecasts, and South Africa`s mining giants are reshaping themselves, prowling for assets outside their traditional spheres.

Add to that a gap between the valuations on the big miners -- preferred by institutions -- compared with small miners, and the juniors have turned into easy pickings.

"Recently valuations between the seniors and juniors have diverged creating some opportunities," said Macquarie Equities analyst Richard Rossiter.

The latest move, announced on Monday, was a A$522 million bid by diamond king De Beers for Ashton, 40 percent owner of the Argyle diamond mine which produces nearly a quarter of the world`s carats annually.

Ashton`s shares had been trading at less than eight times expected earnings for 2000 till a month ago, when takeover rumours began to bubble. In contrast De Beers is trading at a multiple of around 13.


SOUTH AFRICAN HUNT

The hostile bid by De Beers followed the biggest takeover bid so far, a A$3.1 billion friendly offer by De Beers` sister company, Anglo American Plc, for North in the mining giant`s play in iron ore.

Anglo`s bid for North trumped a A$2.8 billion hostile bid by rival major Rio Tinto Plc.

When Rio pounced, North was trading on an earnings multiple of less than 14, but since the bidding war broke out it has moved up to a multiple of 20.

Anglo led the way into Australia nearly a year ago when it lifted its stake in Anaconda Nickel Ltd to 23 percent.

Then Anglo American`s 50 percent owned AngloGold Ltd , the world`s largest gold producer, swooped on Acacia Resources Ltd with a scrip-based takeover valued at A$832 million and listed on the Australian Stock Exchange.

The next move was Anglo American`s US$850 million purchase in June of Royal Dutch Shell Group`s Australian-based coal business.


STILL VULNERABLE

Ashton and North were ripe targets, with ailing share prices masking strong growth prospects.

But there is a long list of other potential quarry, including gold miners Normandy Mining Ltd, Newcrest Mining Ltd , Delta Gold Ltd, diversified miner WMC Ltd , and tin miner Iluka Resources Ltd.

All of those except Newcrest are trading on prospective earnings multiples of 11 or less, while most of the major mining houses are trading on multiples of more than 15.

The Broken Hill Pty Co Ltd, which has so far been conspicuously absent from the merger and acquisition game while cleaning up its books, is always mooted when potential mergers are discussed.

But BHP chief Paul Anderson made clear last week the group was on the lookout for prey just like its major rivals, and said the company would use scrip for any bid bigger than A$3 billion.

(c) Reuters Limited 2000


Oh ja, ich liebe hostile takeovers! Also Leute, laßt die Spiele beginnen...

Gruß

Sovereign

[schloss]

@ souvereign
Interessant wird der Gedanke Ashton-Aurora-Anglo nun auch durch den überraschenden Rücktritt
des Aurora-CEOs Ian Burston bis September.

mfg
Schließer

[Sovereign]

Aurora ist sicherlich ein interessantes Übernahmetarget (die Explorationsgebiete im indonesischen Kalimantan erscheinen aussichtsreich und die gegenwärtige Produktion ist cash flow positiv); trotzdem muß ich doch etwas Wasser in den Wein kippen:

- Aurora ist aufgrund der unklaren politischen Situation in Indonesien hochspekulativ; daher liegen diverse Projekte z.Z. auf Eis.

- Nicht mal De Beers scheint sich eine Meinung gebildet zu haben, ob die Übernahme von Ashton überhaupt aus wettbewerbsrechtlichen Gründen genehmigungsfähig ist. De Beers hat durch die CSO doch schon praktisch ein Quasimonopol im Diamantenhandel.

Also, ich halte einige Ashton in der Hoffnung eines hostile takeovers, würde bei Aurora aber noch ein Zurückfallen auf die alten lows abwarten, bevor ich dort spekulative Positionen aufbauen würde.

Im diesem Sinne: Let`s get ready to rumble!

Gruß

Sovereign

[Sovereign]

Aurora ist sicherlich ein interessantes Übernahmetarget (die Explorationsgebiete im indonesischen Kalimantan erscheinen aussichtsreich und die gegenwärtige Produktion ist cash flow positiv); trotzdem muß ich doch etwas Wasser in den Wein kippen:

- Aurora ist aufgrund der unklaren politischen Situation in Indonesien hochspekulativ; daher liegen diverse Projekte z.Z. auf Eis.

- Nicht mal De Beers scheint sich eine Meinung gebildet zu haben, ob die Übernahme von Ashton überhaupt aus wettbewerbsrechtlichen Gründen genehmigungsfähig ist. De Beers hat durch die CSO doch schon praktisch ein Quasimonopol im Diamantenhandel.

Also, ich halte einige Ashton in der Hoffnung eines hostile takeovers, würde bei Aurora aber noch ein Zurückfallen auf die alten lows abwarten, bevor ich dort spekulative Positionen aufbauen würde.

Im diesem Sinne: Let`s get ready to rumble!

Gruß

Sovereign

[Sovereign]

Aurora ist sicherlich ein interessantes Übernahmetarget (die Explorationsgebiete im indonesischen Kalimantan erscheinen aussichtsreich und die gegenwärtige Produktion ist cash flow positiv); trotzdem muß ich doch etwas Wasser in den Wein kippen:

- Aurora ist aufgrund der unklaren politischen Situation in Indonesien hochspekulativ; daher liegen diverse Projekte z.Z. auf Eis.

- Nicht mal De Beers scheint sich eine Meinung gebildet zu haben, ob die Übernahme von Ashton überhaupt aus wettbewerbsrechtlichen Gründen genehmigungsfähig ist. De Beers hat durch die CSO doch schon praktisch ein Quasimonopol im Diamantenhandel.

Also, ich halte einige Ashton in der Hoffnung eines hostile takeovers, würde bei Aurora aber noch ein Zurückfallen auf die alten lows abwarten, bevor ich dort spekulative Positionen aufbauen würde.

Im diesem Sinne: Let`s get ready to rumble!

Gruß

Sovereign

[Sovereign]

Ich glaube ich lasse doch besser die Finger von Aurora!
Folgendes habe ich soeben unter www.bbc.co.uk gefunden:

The illegal mining operation in Sulawesi

By Richard Galpin in Sulawesi
Environmentalists and government officials in Indonesia are warning that a catastrophe near the bay of Manado is imminent because of dangerous extraction methods used by illegal miners.



Hundreds of them have invaded a nearby mining site, owned by an Australian company, Aurora.

They are stealing with impunity gold worth tens of millions of dollars.

Gold rush

The gold rush has attracted 1,500 people from all over Indonesia who use primitive methods to extract the ore.

Australian company officials are angry because their business has lost everything including property.



Richard Lindsay: Allegations of a cover-up

Richard Lindsay, spokesman for Aurora Group Indonesia, says that he believes corrupt local officials, the police and the military are behind the invasion of illegal miners.

"The mere fact that they`re still operating against the presidential decree, and against the laws, tells the story that there is a higher level of government that is covering the whole operation," he says.

"I think it`s no secret that people in higher positions are receiving money."

However, it is not just the flagrant breach of international contracts at issue.

Environmental damage



Maka: Mines illegally despite being aware of dangers

The local miners are extracting the gold using an extremely dangerous method.

Large amounts of mercury are used to separate the gold deposit from other substances.

The highly polluted waste is poured away, seeping directly into the environment.



The smoke which gets in my eyes will later make me blind. So I try to avoid inhaling the mercury fumes. That`s why I only work for two weeks and then take one week off.

Maka, mineworker
It is also getting into the atmosphere.

The surplus mercury in the amalgam containing the gold is burnt off.

This leads to the poisoning of the air and the workers.

Maka, a mine worker is aware of the dangers.

"I know it is dangerous work," he says.

"The smoke which gets in my eyes will later make me blind. So I try to avoid inhaling the mercury fumes."

"That`s why I only work for two weeks and then take one week off."

Threat to marine life



Children swim in river polluted by mercury

Tests of the rivers around the mine already show extremely high levels of mercury, many times above the official safety limit.

According to some estimates, more than 200 tonnes of mercury will be released into the local environment this year alone.

Dr Inneke Rumengan, an environmentalist, says the impact is very serious.

"We`ve already found accumulations of mercury in plants, animals and human beings," she says.



The Manado region is home to a fragile ecosystem

"We`re afraid that eventually this will be worse than the outbreak of mercury poisoning in Minamata in Japan, last century."

As in Minamata, in which more than 1000 people died, the mercury is eventually flowing into the sea, next to a major town, Manado.

The region contains one of the world`s most spectacular marine parks which attracts thousands of divers and snorkellers every year.

However, it is the local population of 400,000 people which is most at risk. It depends on fishing as a source of income.



Fish is a diet staple as well as a source of income

Fish is also a staple part of the diet. It is in the marine life that the mercury accumulates most intensively.

The authorities claim they will stop the illegal mining. However, it now involves so many people, few expect it to end soon.
Search BBC News Online

Fazit: Na toll! Erst werden die australischen Goldfirmen wegen politischer Unsicherheiten aus Indonesien vergrault und dann machen sich auch noch solche Banditen über die Goldvorräte her!
Ich würde es diesen verdammten Plünderern gönnen, wenn die alle an Quecksilbervergiftung verrecken würden...dauert bloß zu lange. Wie wäre es, wenn sie ihr Trinkwasser aus dem nächsten heap leach Rückhaltebecken schöpfen würden...

[Sovereign]

MELBOURNE, Aug 7 (Reuters) - Anglo American Plc may
have bowed out of the fight for Australia`s North Ltd ,

won by Rio Tinto Plc for A$3.5 billion, but there

are plenty more rich pickings in Australia for miners.

Anglo American identified Australia as an important strategic

location for its resources base and is unlikely to back away for

long.

Following are key Australian companies speculators see as

prey for bigger miners like Anglo American and Billiton Plc

, given the weak Australian dollar, robust earnings

forecasts and cheap valuations relative to the senior miners.

(All prices in A$)

Company RIC Yr low latest change Mkt cap on low (mln) 2001

WMC 5.97 8.23 +38% 9,270 9.8

WMC Ltd, Australia`s largest nickel producer, also mines

copper, uranium and gold and is 40 percent owner of the Alcoa

World Alumina and Chemicals joint venture with Alcoa Inc .

Shares climbing on unquenchable speculation that BHP Co Ltd

wants to take it over, a rumour discounted by analysts.

- -

MIM 0.81 1.15 +42% 1,975 8.0

Brisbane-based MIM Ltd produces copper, coal, zinc and lead.

Owns 50 percent of Alumbrera copper mine in Argentina. Shares

recently ran up partly on speculation that Anglo American,

Billiton or Glencore International might be eyeing it.

- -

Normandy Mining 0.82 1.02 +24% 1,786 10.4

Normandy Mining Ltd, Australia`s largest gold miner, has

stakes in industrial and commercial minerals which it is looking

to sell to focus on gold. Shares in the Adelaide-based group

buoyed by talk of takeover by AngloGold Ltd .

- -

Pasminco 0.73 1.09 +49% 1,226 7.3

Pasminco Ltd is mainly a zinc and lead miner. Melbourne-based

group has put on hold effort to sell 49 percent stake in

Queensland Ernest Henry copper/gold mine. Issued profit warning

for 1999/00 which battered shares to 2000 low of 73 cents.

- -

Iluka Resources 3.40 4.80 +41% 1,072 9.8

Perth-based Iluka Resources Ltd is among the world`s largest

titanium minerals producers, and has stakes in tin and coal.

Repeatedly mentioned as potential prey for WMC.

- -

Newcrest 3.05 4.12 +35% 997 12.6

Newcrest Mining Ltd, based in Melbourne, produces gold. Seen

as potential target for South Africa`s gold miners, including

AngloGold.

- -

QCT 0.58 1.08 +86% 744 15.0

Queensland coking coal miner QCT Resources owns stakes in

several mines majority-owned and operated by BHP. Shares have

rocketed up since March on speculation BHP would bid A$1.10 to

A$1.20 a share for QCT.

- -

Sons of Gwalia 4.00 5.62 +41% 654 8.6

Perth-based gold and tantalum miner Sons of Gwalia Ltd is

world`s largest producer of tantalum, a key metal used in the

electronics industry. Has 25 percent share of tantalum market.

- -

Ticor 0.97 1.68 +73 413 7.6

Perth-based mineral sands and coal miner, 40 percent owned by

South African`s Iscor Ltd , has put its coal mine stakes

and sodium cyanide plant up for sale to focus on mineral sands.

- -

Delta Gold 1.07 1.34 +25% 353 7.1

Sydney-based gold miner Delta`s shares sank to A$1.07 when

its mines were caught up in political trouble in Zimbabwe and the

Solomon Islands in June. Perpetually cited as vulnerable to

takeover by companies like AngloGold or Gold Fields Ltd .


(c) Reuters Limited 2000

[spekulativ]

Wer hat denn heute ganze 40St gekauft?
Das ist doch wohl ein scherz.
Bleibe bei meinen Miramar.
Gruß spekulativ