News from Delta Gold - 500 Beiträge pro Seite

[Antbear]

Explorationserfolge meldet soeben das 50:50 Joint Venture Delta Gold -Orezone aus Burkina Faso bzw. Obervolta, West Afrika.
Open pit - High-Grade-Gold - Mining.
Antbear

[fischli]

"delta" benoetigt noch wesentlich mehr solcher Meldungen
fischli

[fischli]

News:
Solomon Islands Militias Sign Peace Agreement, ABC
Radio Says
By Stephen Wisenthal

Townsville, Australia, Oct. 15 (Bloomberg) -- Rival militias from the Solomon
Islands today signed a peace agreement to end a war that has killed more than
100 people and devastated the Pacific nation`s economy, Australian
Broadcasting Corp. radio reported, quoting Jeremy Rao, commander of the
Malaita Eagle Force.

The Malaita Eagles and the Isatabu Freedom Movement signed the accord after
six days of negotiations in the northern Australian city of Townsville, ABC said. It
follows a cease-fire signed aboard an Australian naval supply ship at the
beginning of August.

The two sides have been fighting over land rights on Guadalcanal, one of the
islands in the Solomons group, situated 1,600 kilometers (1,000 miles) northeast
of Australia. The islands, which have a population of about 500,000, won
independence from the U.K. in 1978.

Delta Gold Ltd., Australia`s No.4 gold miner, closed its Gold Ridge mine in the
Solomons June 8 because of fighting between the militias. The mine, which
accounted for about one third of the Solomon Islands` gross domestic product,
was expected to operate this year at an annual rate of about 150,000 ounces of
gold, worth $40 million at current prices.

(Australian Broadcasting Corp. radio, Oct. 15)


gruesse
fischli

[weinberg-1]

Australien hat das nicht beeindruckt ! Es geht dort mit steigenden Umsätzen nach unten - ich frage mich, was das soll !

weinberg

[weinberg-1]

Einzelheiten von Solomons Islands.


UPDATE 1-Militias agree to end Solomons conflict



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(Adds details throughout on accord and economic implications)
By Diana Taylor

BRISBANE, Australia, Oct 15 (Reuters) - Rival militias in the Solomon Islands signed an accord on Sunday to end two years of fighting over access to land and jobs in the Pacific archipelago.

But Australia and New Zealand, the main brokers of the accord, said much work lay ahead to make the deal stick after some 70 people were killed in the conflict and the Solomons economy collapsed amid widespread lawlessness.

"Signature is only the first step," Australian Foreign Minister Alexander Downer said in a statement.

"Determined commitment will be needed from all parties to ensure (the peace accord) is implemented effectively under the pressures which may be placed on it over the coming months."

Tensions have simmered for decades in the Solomons, a former British colony that lies 1,000 miles (1,600 km) northeast of Australia. People from the main Guadalcanal island accuse migrants from Malaita island of taking their jobs and land.

Violence escalated sharply this year and foreigners were evacuated after the Malaitan Eagle Force militia stole semi-automatic weapons from a police armoury in the capital, Honiara, and staged a coup on June 5.

The manager of the Solomon Islands` main export earner, Gold Ridge gold mine, said last week the operators would need to be sure any peace accord was holding before they reopened the mine.


ECONOMY DEVASTATED

Manager Rod Hanson said the mine, owned by Australia`s Delta Gold Ltd, had contributed about one third of the Solomons` gross domestic product. Staff finally left after militia men invaded the mine complex in June and seized explosives and equipment.

"There is some significant capital to be invested in the mine and we would have to be satisfied things were safe before we put any more money in," Hanson said on Friday.

Two other major businesses, palm oil plantation group Solomon Islands Plantations Ltd and Japanese-owned fish cannery Solomon Taiyo Ltd, shut down this year as militia men -- many of them teenagers toting home-made guns -- took over Guadalcanal.

Foreign aid donors including Australia, New Zealand and the European Union normally prop up the Solomons economy but have been reluctant to put in more money without a peace deal.

Under the accord, signed in the northeast Australian city of Townsville by Solomon Island militia leaders and by national and provincial government leaders, Australia and New Zealand would send peace monitors to the Solomons to supervise disarmament.

The accord proposes more autonomy for both Guadalcanal and Malaita islands, and says a bigger proportion of development aid should go to Malaita to try to curb migration to Guadalcanal.

Projects proposed for Malaita include an international airport, an industrial sea port and a fisheries centre.


ALTERNATIVE `HORRIFIC`

New Zealand Foreign Minister Phil Goff told Reuters the Solomons would need renewed foreign help to make the deal stick.

"We want to maintain the momentum," he said. "The alternative is pretty horrific from the Solomon Islands` point of view."

Goff said he thought New Zealand might contribute around 10 to 20 civilian and military personnel to a monitoring force.

"We`re not talking about a very large group (in the Solomons), which is just as well as New Zealand is fairly over-committed with the presence in East Timor," Goff said.

Australia and New Zealand are already involved in peace-keeping in East Timor, after violence surrounding the territory`s vote for independence from Indonesia last year, and on the island of Bougainville in Papua New Guinea. ((Sydney newsroom [phone], fax [phone], [e-mail]))
weinberg

[fischli]

und noch ne (gute ?) news:

Delta Gold Ltd Raised to `Buy` at CSFB
By Shaomei Deng

Sydney, Oct. 18 (Bloomberg Data) -- Delta Gold Limited (DGD AU) was raised to
``buy`` from ``hold`` by analysts Michael Slifirski and Stuart Glazebrook at Credit
Suisse First Boston.

gruss
fischli

[gholzbauer]

Tuesday 24 October 2:59 PM



UPDATE 1-Delta wins gold mine approval
By James Regan
(Releads, adds analyst comment, details)

SYDNEY, Oct 24 (Reuters) - Delta Gold Ltd said Tuesday it hopes to bring a rich new gold mine on stream in Western Australia in about a year in partnership with Canada`s Placer Dome Inc.

The company predicts the development of the Wallaby lode by the Granny Smith joint venture, 60/40 percent owned by Placer and Delta respectively, will extend the life of the neighbouring Granny Smith mine by at least 10 years, the company said.

Granny Smith is Australia`s second largest gold mine.

Delta earlier this year said a decision was due by early January at the latest on development of Wallaby, which was discovered in 1998 and may contain up to five million ounces.

The news nudged Delta shares three cents higher to A$1.07 by 3:50 p.m. (0450 GMT) after the stock ended Monday at A$1.04, its low in 2000.

The Wallaby approval comes about six months after Delta was forced to wrestle with disastrous forays into gold mining in Africa and the South Pacific, which led to writedowns of A$143 million in the 1999/2000 financial year.


A$150 MLN DEVELOPMENT COSTS

For Wallaby, about A$125 million of an estimated total development cost of A$150 million will be spent prior to the start of of ore production in the first quarter of 2002, the company said.

Delta`s share of capital expenditure will be funded from a combination of cash from operations and corporate borrowings, it said.

Delta also said U.S.-based Homestake Mining Co had agreed to provide access to the adjoining half-million ounce Just-In-Case deposit, which will provide for optimal development of the Wallaby open pit.

The joint venture will pay Homestake A$25 million over six years, together with a 3.5 percent net smelter return on gold dug from the Just-In-Case lease, Delta said.

Brokers and analysts said the Wallaby lode had been largely valued into Delta`s share price prior to the announcement.

"What they are doing is replacing ounces from Granny Smith, rather than providing outright growth," Bell Securities analyst Keith Goode said.

"It was always a question of when to develop Wallaby, not if," Goode added.

Delta produced 156,796 ounces in the September quarter, up 21 percent on the previous three months,

In June Delta suspended operations at it Gold Ridge mine in Solomon Islands because of civil unrest. Mining has also been halted at its Eureka lode in Zimbabwe following a deterioration in the social and economic situation there.

(c) Reuters Limited 2000

REUTER NEWS SERVICE

[weinberg-1]

+ 9 A$ ! ;-))
Delta says near A$70mln Solomon mine claim



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SYDNEY, Nov 23 (Reuters) - Australian gold miner Delta Gold Ltd said on Thursday it was in the late stages of filing a A$70 million political risk insurance claim over its Gold Ridge mine in the Solomon Islands.

Operations at the mine, acquired with the takeover of Ross Mining in March, were halted in June due to ethnic violence.

"I believe we are still a long way from confidently predicting what the future of Gold Ridge is," Delta managing director Terry Burgess told the annual meeting.

Burgess said a visit to the mine site earlier this month revealed that some equipment had been vandalised and other equipment stolen.

He said the company was in the late stages of filing an insurance claim covering political risk for A$70 million.

Burgess told shareholders that the company was aware that its acquisition of Ross Mining, whose main asset was Gold Ridge, had eroded shareholder value.

Burgess also said it was uncertain when operations could resume at its Eureka gold mine in Zimbabwe, halted in June due to the African nation`s deteriorating economy, particularly fuel shortages and rising fuel prices.

There had been positive political signs in recent weeks that the government there was "facing up to the realities of the economy", he said.

Delta shares were eight cents firmer at A$1.17 in late afternoon trade.

((Sydney Newsroom 61-2 9373-1800, Fax [phone] [e-mail]))



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[Basic]

Bemerkenswert ist, dass der Kurs auch positiv auf die Meldung reagiert.
Gruß Basic

[weinberg-1]

Eine Ergänzung zu gestern ...


SYDNEY, Nov 23 (Reuters) - Australian gold miner Delta Gold Ltd said on Thursday it was in the late stages of filing a A$70 million political risk insurance claim over its Gold Ridge mine in the Solomon Islands.

Operations at the mine, acquired with the takeover of Ross Mining NL in March, were halted in June due to ethnic violence on the island of Guadalcanal.

"I believe we are still a long way from confidently predicting what the future of Gold Ridge is," Delta managing director Terry Burgess told the annual meeting.

Burgess said a visit to the Solomon Islands this month revealed vandalism and theft had occurred at the mine.

He said the company was in the late stages of filing an insurance claim covering political risk for A$70 million, but said he was unable to determine when any payment might be made.

"We expect the insurance company to give us a view on the indemnity," Burgess said.

He told shareholders that the company was aware that its acquisition of Ross Mining, whose main asset was Gold Ridge, had eroded shareholder value.

Delta shares closed nine cents up at A$1.18, well above its 2000 low of A$0.95 but just under half the 2000 high of A$2.38.

Burgess also said it was uncertain when operations could resume at its Eureka gold mine in Zimbabwe, halted in June due to the African nation`s deteriorating economy, particularly fuel shortages and rising fuel prices.

There had been positive political signs in recent weeks that the government there was "facing up to the realities of the economy", he said.

Delta was satisfied with its 51 percent stake in Zimbabwe platinum miner Zimplats Ltd <ZIM.AX> and believed difficulties in bringing the proposed Ngezi mine on stream would be overcome, Delta chairman Bernard Fisk told the meeting.

Zimplats has said a new fiscal regime for the mining industry was needed in Zimbabwe to proceed with the project.

"We believe the problems of Zimplats will be resolved in time," Fisk said.

Zimplats acquired the Zimbabwean platinum operations of Australia`s BHP Ltd <BHP.AX> in 1999 after BHP closed its troubled Hartley platinum mine in the country.

Also, the government had not yet released BHP from a performance guarantee on the Hartley mine.

Scrapping the guarantee would allow Zimplats to take control of BHP`s platinum interests in Zimbabwe before the February 2001 deadline set out in the sale agreement, Zimplats said in late October.

Another key factor was securing political risk insurance.

((James Regan, Sydney Newsroom 61-2 9373-1800 [e-mail]))))




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[1Meyer]

Grüße

[btrend]

Hallo,

es scheint der Boden gefunden zu sein. Da müsste man noch ein paar Stücke ins Depot nehmen.

Sieht auf jeden Fall charttechnisch sehr gut aus.

[Goldhotline]

Leider ist der Chart zu kurz, um den letzten Tiefpunkt von Ende Oktober 1997 sehen zu können. Er lag exakt bei 0,95 A$.

Die Goldhotline

[Antbear]

Kennt jemand die Details zur "deadline" im Feb. 2001 ?
Gruß Antbear

Eins noch zum Thema Goldnachfrage:
Bei einer Deregulierung des chinesischen Goldmarktes
sprich Beitritt zur WTO
wird mit einer Steigerung der chinesischen Goldnachfrage
von 200 auf 600 t Gold pro Jahr gerechnet !!!

[Antbear]

Delta Gold buys 215 m² land near its Wallaby mine
for exploration from Rio Tinto.

[weinberg-1]

Rechtfertig folgendes einen zeitweisen Abschlag von knapp 10 %. Wer war der Wunderknabe ?:

DELTA GOLD LIMITED 2000-11-27 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
Delta Gold announces that Russell Chenu, Chief Financial Officer, has
decided to resign to take up an appointment in early 2001 outside the
resources sector.

The Company expresses its thanks for his service and wishes him well
in his future career.

For further information contact:

Terry Burgess
MANAGING DIRECTOR & CEO Telephone: + 61 2 9903 4000




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[fischli]

Der Wunderknabe war genau EIN Jahr an Bord.
fischli

[weinberg-1]

Vielleicht gibt das einen Schuh:

Der Wunderknabe war verantwortlich für den starken Ausbau der Vorwärtsverkäufe bei Delta (das mit dem starken Ausbau fällt doch m. E. mit der Amtszeit dieses Herrn zusammen ?). Jetzt merkt man, dass das Käse war.

Was meint ihr ?

weinberg

[weinberg-1]

heute in Australien: + 0,10 A$ (= 8,5 %)!!

Es geht bergauf !!

Ein guter Wochenstart !

weinberg

[1Meyer]

Hallo,

hier die Seite von Delta Gold: http://www.deltagold.com.au

Der Chart sieht positiv aus, wer hat Kursziele für die nächste Zeit?