Emperor, der neue Renner ??? - 500 Beiträge pro Seite

[crashkommt]

Ein paar kann man ja kaufen!!

MfG

EMPEROR MINES LIMITED 2002-06-19 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
VATUKOULA, FIJI GOLD MINE
PHASE 2 LONG TERM OPERATING STRATEGY

1.0 EXECUTIVE SUMMARY

Emperor Mines Limited owns and operates a gold mine located on the
margin of the Tavua Caldera at Vatukoula in the South Pacific island
nation of Fiji (Vatukoula Mine). The goldfield is a large-scale
open gold mineralized system. New mining techniques and technologies
introduced over the last 24 months have improved the economics of the
Vatukoula Mine.

Gold production during the 9 months to March 2002 was 99,185 ounces
from the treatment of 412,477 tonnes at a grade of 8.4g/t and
recovery of 88.9%. The cash cost per ounce was A$426 or US$220. Net
profit after tax for nine months to March 2002 was A$2.2 million.

Although the Vatukoula Mine has produced nearly 6.5 million ounces
during its 68 years of operation to date, it has a gold resource
(Australian JORC classified) of over 3.1 million ounces (as at 30
June 2001). While production has continued uninterrupted, exploration
within and immediately outside of the mining lease has only recently
recommenced, and based on previous experience, this is expected to
add to current resources.

Mine management have now developed a long-term mine plan to increase
annual production by 40% to 800,000 tonnes (mill capacity) producing
approximately 180,000 ounces. Given the experience and knowledge of
cost sensitivity, this production maximisation is expected to result
in a significant increase in cash generated and profitability.

The objective of the long-term plan is to maximise production and
increase profitability from the Vatukoula operations. This will be
achieved via greater utilisation of existing infrastructure. The
graph below depicts production from each production section as well
as indicating the potential areas of improvement.

The graph highlights that despite Philip Shaft accounting for 25% of
fixed costs, it only generates 18% of the revenue in 2002/03.
Further, it is currently being used at some 50% of its hoisting
capacity.

The revised plan assumes overall production increasing from the
current 131,000 ozs (550,000 tonnes) of production to 180,000 ozs
(800,000 tonnes and mill capacity) in 3 years (by 2004/5), an
increase of some 35% in gold production and 40% in tonnes
through-put. At this time there will be a closer reconciliation of
fixed costs and revenue as indicated by the second set of columns in
the graph above. As a result of this increase in production to
800,000 tonnes, the mill will also be near to its maximum utilisation
capacity.

While this plan involves utilising the proceeds from Emperors recent
A$5M placement for an accelerated surface and underground exploration
drilling program, the first of its kind in some years, it also
involves significant underground exploration development, a method of
exploration which has proven to be the most successful over the
mines 68 year life.

The majority of this exploration drilling and exploration development
will be focused on those areas that will directly result in
production increases at Philip Shaft and the Emperor Decline, ie
Prince Deeps and Decline below 10L. Other exploration contemplated
near Matanagata will be to extend the life of this shaft (which is
already operating at capacity), such as at Matanagata West and
Matanagata North East. Drilling will also be targeting potential new
high-grade structures close to Philip Shaft and the Emperor Decline,
ie Brewster West and Basala. A summary of the expected changes in
tonnage production per day between 2002/3 and 2004/5 is graphically
illustrated below.

This review of the mine plan considers the development of new areas
currently in reserve or resource categories or those expected to be
included in resources by 30th June, 2002; and the necessary
infrastructure and other capital projects associated with the
proposed expansion. The following sections of this report outline the
justification for the planned production increase and the $27.6
million project capital equipment and development requirements over
the next 2 years, in addition to sustaining capital requirements. The
project capital expenditure is summarised below:

PROJECT CAPEX REQUIREMENTS $A million
(over 2 yrs)

Exploration drilling 3.5
Exploration capital development 6.9
Ventilation shafts & Chiller 10.8
Smith Shaft Deepening 6.4
TOTAL 27.6

2.0 OVERVIEW

Emperor Mines Limited owns and operates the Emperor Gold Mine which
is currently producing approximately 131,000 ounces of gold annually
and has 3.1 million ounces of gold resources. The mine has been in
continuous production since 1935 having produced over 6.44 million
ounces.

The low-sulphidation epithermal gold deposit at Vatukoula is
associated with alkaline type igneous rocks in a volcanic setting.
This volcanic setting and rock type is typical of several major gold
mines in the southwest Pacific region such as Porgera and Lihir
(Figure 1). The ore deposits lie along the margin of the Tavua
volcanic caldera and consist of various types of
quartz-adularia-telluride-auriferous-pyrite fillings deposited in
fractured, faulted and shattered volcanic rocks.

Current production at Vatukoula is sourced from 4 mining sections
which are named according to the shaft or drive access: Smith Shaft,
Philip Shaft, R1- Cayzer Shaft and the Emperor Decline.

The infrastructure of the mine has been progressively refurbished
over the recent past to enable the mine to increase production to the
maximum milling capacity of 800,000 tonnes per annum. Due to lack of
development as well as a lower than expected gold price, this
objective has not been attained in the past and current metallurgical
plant utilisation is approximately 60% of capacity.

For the Vatukoula mine to reach its full potential, it needs to
convert a number of existing targets into production. To achieve this
potential, further expansion to the mines infrastructure is also
required.

2.1 GEOLOGICAL SETTING

The Emperor Gold Mine occurs in a highly prospective geological
setting on the margin of the Tavua caldera.

Historically, most mining at Vatukoula has occurred immediately
adjacent to the caldera in the mine basalts. The ore-bodies are
structurally controlled, located in tensional shear zones and faults,
which when sub-horizontal are termed flatmakes. The bodies are
either sub-vertical, or dipping at about 25-45deg. There are also a
number of shatter zones, which are pipe-shaped to cone-shaped about
the intersection of two vertical and flat structures. There are some
200 ore bodies, of which approximately 155 are part of the active
Mineral Resource and over 120 of which have been included in the Ore
Reserve.

Gold deposition has been interpreted to have resulted from cooling of
hydrothermal fluids by mixing with groundwater or by boiling from
depressurisation of the hydrothermal fluids. The majority (90%) of
the gold at Emperor occurs in silica-pyrite selvages deposited at the
contact between flatmakes and wall rocks by cooling of the
ore-bearing fluid.

Bonanza gold grades are found with roscoelite, a rare mineral
association that is also seen at the epithermal quartz gold-silver
style of mineralisation at Porgera Zone VII, and Mt Kare (Corbett and
Leach, 1998). Bonanza grade mineralisation is inferred to be
deposited by the mixing of ore fluids with oxygenated or low pH
ground waters (Kwak, 1990; Corbett and Leach, 1998), but comprises
only a small proportion of the ore.


MORE TO FOLLOW

[crashkommt]

Ich persoenlich habe gerade zugelangt und mir ein

Paket zur Seite gelegt.

Einstieg bei 0,53 und 0,54 €



MfG


EMPEROR MINES LIMITED 2002-06-19 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
2.3 EXPLORATION STRATEGY

The Company has identified a series of exploration targets:-

* MATANAGATA NORTH EAST, a continuation of the high grade flatmake
mined in Matanagata East, east of the Homeward Bound Fault.

* VATUKOULA DEEPS, a high priority target area of >15hectares in the
centre of the mine (first explored as a specific project in 1996)
with potential for location of further structures in the footwall of
the Prince Flatmake. Some high-grade intersections have already been
made beneath the Prince/Dolphin orebody.

* In the BASALA area within SPL1201, geological mapping and
geochemical sampling suggests excellent potential exists at depth for
a possible repetition of the Prince William Flatmake with bonanza
grade mineralisation.

* The northern part of the Brewster Fault has numerous deep high
grade intersections in the hanging wall of the fault (in the area
previously known as Dolphin Deeps). BREWSTER WEST is a target area
that has potential for both north dipping flatmakes (i.e. Prince
William-style), south-east dipping flatmakes (ie. Matanagata-style)
and steeply dipping brecciated feeder zones.

* R1 SOUTH. A conceptual geological model formulated after 3 years of
exploring and mining the R1 structures within the caldera suggests
that more ore zones of R1 style could occur within the caldera at the
intersection of feeder structures and competent host rocks. Although
lacking the continuous geometry of the outer-caldera flatmakes
(Prince Dolphin forms a 2.4km x 1.4km sheet) these intra-caldera
structural locations may provide sites for enhanced mineral
deposition and so host high grade ores.

In addition, various sections of the mine will be connected via an
underground ring road to facilitate the movement of equipment and
provide flexibility with regards to handling rock, men and material.


3.0 DESCRIPTION OF OPERATIONAL IMPROVEMENTS


3.1 SUMMARY

Production of ore at the Vatukoula mine is undertaken by labour
intensive underground methods utilising longwall techniques on flat
dipping flatmakes, shrinkage stoping and mechanised cut-and-fill.
Underground access is by a series of shafts, horizontal and decline
drives, and ore transportation is by a combination of truck haulage
and conventional winder hoisting. Current mine production is sourced
from four mining areas that are named according to shaft or drive
access: Smith Shaft, Philip Shaft, R1-Cayzer and Emperor Decline. Ore
production for the current year is forecast to be 550,000 tonnes.

Emperor is planning to increase mine production from about 1,500
tonnes per day currently to 2,200 tonnes per day by 2004/2005. To
achieve this, capital expenditure is required for drilling, capital
development, mine infrastructure and ventilation.

It is planned to substantially increase definition drilling to
increase the resource base and for mine planning. Increased capital
development is also planned, to open a greater number of working
faces to enhance mining flexibility, to substantially upgrade the
underground ore transport system by the further development of
shafts, ore passes and drives, and to improve the mines ventilation
system. The major focus of the expenditure program is to increase the
resource base and to reduce costs, thereby establishing the mine on a
sound footing to extend its life.

The major production increases will be sourced from the Emperor
Decline and Philip Shaft areas, with minor increases planned for
Smith Shaft and no change for the R1/Cayzer section. Additional heavy
vehicles will be acquired to achieve increased development and
production.

A summary of the plan in respect of each mining area follows:


3.2 SMITH SHAFT

Production is scheduled to remain at existing levels of 550 tonnes
per day for years 1 and 2, increasing to 600 tonnes per day from year
3 and thereafter.

It is planned to deepen the Smith Shaft by approximately 100 metres,
to equip the lower levels of the shaft, to purchase new winders and
skips/man cage and to refurbish the headframe to improve shaft
capacity. This will allow access to the main Matanagata ore body at a
deeper horizon and for ore hoisting from the lower level, as well as
increasing shaft hoisting capacity.

It is also planned to excavate a new vent shaft, to be raise bored
from the 19 level and to install new vent fans and to move the
existing heat exchange plant closer to the mine workings. This
improved ventilation will facilitate development of the Matanagata NE
ore body and enhance productivity.


3.3 R1/CAYZER

Production levels are scheduled to remain at about current levels of
460 tonnes per day for the duration of the plan.

Capital projects planned for R1/Cayzer include the excavation of a
new vent shaft down to 15 level, installation of new fans and the
construction of a new refrigeration plant on surface. The vent shaft
will act as an upcast airway for both R1/Cayzer and Philip shafts and
will result in significantly improved working conditions in the
R1/Cayzer and Prince/Dolphin areas. Furthermore, the vent shaft will
reduce pressure on the existing Borthwick and Vision upcast airways,
thereby improving airflows in the Emperor Decline and Matanagata West
areas.


3.4 EMPEROR DECLINE

Production levels are scheduled to increase progressively from
current 300 tonnes per day to 550 tonnes per day from year 3 onwards.

The major operational changes will involve ore production from the 10
to 13 levels being trucked up the Emperor Decline to the ore pass at
8 level and hoisting from Smith shaft 12 level. As a consequence, it
is planned to increase EGMs truck haulage capacity. This will have a
substantial beneficial impact on operating costs.


3.5 PHILIP SHAFT

Production levels are scheduled to increase progressively from the
current 350 tonnes per day to 600 tonnes per day from year 3 onwards.

Capital projects for this section include:

* Mucking out the shaft to 20 level, re-equipping the shaft and
establishing an ore loading facility and sump/pumping station on that
level

* Developing an ore pass system for
mullock and waste to 18 level

* Capital development and infrastructure to facilitate the mining of
the Price Dolphin ore body

* New heavy vehicle workshop to be developed on the 18 level

* Construction of a new refrigeration plant at Philip shaft.


4.0 PRODUCTION SCHEDULES

The potential annual production is outlined in the following table.

POTENTIAL PRODUCTION SCHEDULE

YEAR ENDED
30 JUNE TOTAL ORE

TONNES G/T

2003 606,526 8.09
2004 706,169 8.10
2005 800,459 8.09
2006 801,403 8.06
2007 807,129 8.03
2008 817,108 7.93
2009 818,809 7.79
2010 823,096 7.59
2011 824,630 7.57
2012 829,011 7.51
Totals 7,834,340 7.86


The production schedule above is based on current ore reserves and
resources and expected extensions of known orebodies. Should the
exploration of Basala and/or Brewster West (referred to in section
2.3 above) be successful in delineating mineable resources,
production would be sourced from these areas, displacing production
from lower grade areas currently in the plan thereby increasing
overall head grade.


5.0 PROJECT CAPITAL EXPENDITURE ESTIMATES


PROJECTED 2 YEAR CAPITAL EXPENDITURE ESTIMATE

PROJECT CAPEX REQUIREMENTS $A MILLION
(OVER 2 YRS)


Exploration drilling 3.5
Exploration capital development 6.9
Ventilation shafts & Chiller 10.8
Smith Shaft Deepening 6.4

TOTAL 27.6


6.0 OPERATING COST ESTIMATES

Historical prediction of cost has best been demonstrated by a
breakdown into fixed and variable costs. Variable operating costs
generally comprise those consumables that vary with production,
including fuel, oils, tyres, explosives, drill steels and mill
reagents. Fixed mine and mill operating costs include operating and
maintenance labour, power and water. Other fixed costs are overheads
and include technical services, resources engineering, human
resources, safety, training and security, administration and finance,
supply, environmental and insurance.

These same assumptions have been used to predict the operating costs
for the Phase 2 plan.


7.0 CONCLUSION

The Phase 2 plan as outlined above increased production to current
mill capacity thereby maximising efficiencies and reducing overall
costs through economies of scale. The plan is the result of an
exhaustive evaluation of the mine and, given the experience and
knowledge of cost sensitivity gained by management over a number of
years, this production maximisation is expected to result in a
significant increase in cash generated.

[crashkommt]

Phase 2 laeuft, es koennte interessant werden!!


MfG-


EMPEROR MINES LIMITED 2002-06-21 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
The Company is pleased to announce that it has arranged a placement
of 12,500,000 shares at 81c per share raising $10,125,000. The shares
have been placed with institutional clients of BNP Paribas Equities,
both overseas and in Australia.

The shares will rank pari passu with all other existing ordinary
shares of the Company.

The Company`s core asset is the Vatukoula Mine in Fiji, which has
been operating for 68 years and has an existing identified hard rock
mineral resource of 9,676,000 tonnes at 10.1 g/t Au containing some
3.14 million ounces of gold. Gold production during the 9 months to
March 2002 was 99,185 ounces and production for the full year ending
30 June 2002 is expected to be approximately 131,000 ounces.

These new funds will primarily be applied to capital expenditure
associated with the expansion of activities at the Company`s
Vatukoula Mine in Fiji, "Phase 2".

The Company`s Phase 2 Long Term Operating Strategy has been developed
to achieve full utilisation of mill capacity of 800,000 tonnes
thereby maximising efficiencies through economies of scale. It
involves an increase in underground development and associated
ventilation infrastructure. It also involves the increase in capacity
of the main hoisting shaft that will enable more efficient extraction
of some 70% of future production.

In addition, the Company is pleased to announce that it has resolved
to proceed with a share purchase plan to provide eligible
shareholders with the opportunity to participate in a further capital
raising associated with the Phase 2 expansion plan. Details of this
opportunity will be announced at the earliest opportunity.

A J Cooke
JOINT COMPANY SECRETARY

[crashkommt]

Hui, was ist heute mit Emperor los???


++11,11% bei hohen Umsaetzen!!


Ich finde keine news, sind etwa schon wieder Insider am kaufen??


MfG

[Goldhotline]

In der aktuellen Ausgabe 18/02 "Der Goldmarkt" (kostenl. und unverb. Muster unter [e-mail] anfordern) wurde Emperor erneut bei 0,68 A$ zum Kauf gestellt.

Neben Kingsgate und Croesus Mining gibt es in Australien nur wenige Anlagealternativen bei den mittelgroßen Werten.

Wegen des engen Marktes sollten deshalb Emperor, St Barbara und Abelle/Aurora, gefolgt von Tribune Resources, Herald, Dominion Equigold, Sedimentary, Gindalbie, Triako und Dioro bei einem weiteren Goldpreisanstieg haussieren. Erst dann kommt die große Zeit der Explorationswerte (Highlands Pacific, Climax, Metex, Giants Reef...)

Die Goldhotline

[crashkommt]

Die 14% Beteiligung sollte sich positiv, vor allem fuer Emperor auswirken.


Durban Roodepoort acquires 14% interest in Emperor Mines Ltd 8:30 16/12/2002 No.2283565


EMPEROR MINES Last trade $0.770 at 16:05 16/12/2002




EMPEROR MINES LIMITED 2002-12-16 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
Emperor Mines Limited (ASX Code EMP) is pleased to announce that
Durban Roodepoort Deep, Limited (DRD), a major South African gold
mining company, has entered into a share purchase agreement to
acquire approximately 14% of the issued capital of Emperor Mines. The
agreement is subject only to South African Reserve Bank approval.

The price payable is A$0.75 per Emperor share, which represents a 9%
premium to the weighted average share price for the 30 day trading
period prior to the execution of the agreement.

Emperor welcomes this investment by DRD and is pleased to have a
successful, growth oriented mining company as its major shareholder.
Emperor looks forward to working closely with DRD management where
common objectives and synergies are believed to exist.

Emperor has recently begun a Phase 2 Expansion Plan at its Vatukoula
gold mine in Fiji that is expected to lift annual gold production to
180,000 ounces and significantly reduce cash operating costs. The
expansion is to be fully financed via a A$26 million credit facility
from ANZ Bank, cash reserves and forecast cash flow.

With the Phase 2 Expansion underway and fully financed, Emperor is
now in a position to consider further growth opportunities. The
timing of DRD`s investment is recognition of this fact and is
indicative of full support for Emperor`s ambitions in the
Australasian region.

Commenting on the transaction, Emperor Chief Executive Officer, Mr
Greg Starr, stated that "there are numerous similarities between the
business strategies and management styles of Emperor and DRD. We
believe that the relationship between the two companies, cemented by
this transaction, will offer both parties significant benefits in
enacting their growth strategies. We have great admiration for the
current management team at DRD and, with their support, hope to
emulate the growth and success they have achieved in South Africa in
the Australasian region".

Mr Mark Wellesley-Wood Chairman and Chief Executive Officer of DRD
remarked that "Emperor has an energetic management team that has had
considerable recent success at its flagship Vatukoula gold mine. We
believe that this team will be able to replicate this success
elsewhere in the region".

Following completion of this transaction it has been proposed that
both Gordon Toll and Ed Flood, representatives of Ivanhoe Mines
Limited, the outgoing major shareholder, will step down from the
Board positions they hold at Emperor. The independent directors of
Emperor will then invite Mark Wellesley-Wood and David Baker from DRD
to join the Emperor Board.

The Board of Emperor acknowledges the valuable support that outgoing
Chairman Gordon Toll and fellow director Ed Flood have given to
Emperor since their appointment in 1995 and in particular, their
significant contribution towards the company`s improved performance
in the most recent year when the company generated its first profit
in six years.

A J Cooke
COMPANY SECRETARY

ABOUT EMPEROR MINES LIMITED:

Website: www.emperor.com.au.

[svc]

Hi crashi, geht deine meinung nun auch etwas über `ein paar kaufen hinaus?`

wir sind seit einigen monaten drinne. fiji ist eine nette insel, besonders schön für urlaub! können wir empfehlen!

tja, ob emp der bringer ist, ist schon eine etwas tiefere frage. auf der emp homepage gibt es ein paar researches von der bnp. die schauen nicht schlecht aus, und waren für uns einb `mitgrund` einzusteigen.

wir warten mal bis die emp kurse die 0,60 EUR erschwingen und schauen dann mal. wann das geschieht? keine ahnung, aber in der kiste ist noch ne menge musi!

wenn nicht, nach unten schaut es noch recht passabel aus! emp hat ein recht gefülltes hedgebuch, das sichert auf der einen seite ab. wenn nun neue `gründe` erschlossen werden, wirde das die musi bei steigendem pog sein!

den kurs gibt die www.asx.com.au vor. pushen sinnlos!

svc

[crashkommt]

Es gibt da schon ein paar Punkte, die mir nicht so sehr gut gefallen.

1. Man ist derzeit nicht in der Lage Gewinne zu machen.

2. Man hat ca 350.000 Oc vorwaertsverkauft.

3. Die Produktionsziele wurden in der Vergangenheit fast nie erreicht.

Was mir gefaellt sind die hohen Reserven bzw. Ressorcen und jetzt der Partner DROOY und der extrem hohe Hebel auf den Goldpreis.


MfG

[Dottore Lupo]

q Crashi: endlich hast du es begriffen...Emp schaffte nicht mal einen pos. Cashflow und lieferte nichts in die Vorwärtsverkäufe rein ...aber jetzt müssen sie das Gold zu fast 100% in die VWK zu 250 US$ liefern.

Ein Drecksladen...nur gut für einen Blitzfick!!!

cu DL

[crashkommt]

was heisst hier "endlich hast du es begriffen "


Bei einem Investment muss man eben abwaegen und EMPEROR kann durchaus noch interessant werden.

Die Moeglichkeiten eines starken Anstiegs bei Emperor sind auf Grund der hohen Reserven und Ressorcen sehr gut vorstellbar.

Aus diesem Grund habe ich auch geschrieben Ein paar kann man ja kaufen!! .


Meine Hauptinvestitionen sind und bleiben einstweilen:

DROOY

HMY

GFI

BGO

MACMIN, DOMINION, METEX

und seit letzter Woche auch KRY


MfG

[crashkommt]

Emperor,


koennte als naechstes uebernommen werden.

Ein weiterer Grund fuer ein Investment.

DROOY hat sich bereits 14 % gesichert und moechte auf 20 aufstocken.

Ein weiterer Grund die Aktie ist Manfred frei!!


In der Vergangenheit war dies zu meist ein Grund fuer einen gewaltigen Anstieg.


MfG


JOHANNESBURG – Durban Roodepoort Deep [NASDAQROOY] has bought 14 percent of Australia’s Emperor Mines [ASX:EMP] for A$11.4 million (R69 million) roughly four years after a similar approach on the company kicked off the Durban Deep’s disastrous maiden offshore foray. The consideration price is A$0.75 cents per share for 15.3 million shares representing a 9 percent premium on Emperor’s 30 day trading average. Durban Deep will dip into the US$66 million cash pile it raised from its share issue, which closed on November 12, to fund the acquisition.
Durban Deep chairman and chief executive, Mark Wellesley-Wood, said his company intended to lift its stake in Emperor Mines to 19.9 percent either by buying loose shares from the market or participating in a possible share issue that Emperor might launch to fund further acquisitions. The Australian company produces about 150,000 ounces a year from its Vatukoula mine in Fiji, output it will lift by a fifth following its second phase expansion, a step which Emperor has already fully-funded via a loan from ANZ Bank, as well as existing and future cash flows.

Wellesley-Wood said Durban Deep would rather “piggy-back” on Emperor “with someone who knows the ropes” than embark on an independent strategy in Australasia. The understanding, however, is that the two companies will start to realise immediate operational synergies with Durban Deep helping Emperor operate its deep level Vatukoula mine while the Australians will help Durban Deep run its Papua New Guinea opeation, Tolukuma. Wellesley-Wood said Tolukuma was managed remotely by his company which took up a great deal of management time and money.

Wellesley-Wood and David Baker, an executive director of Durban Deep, will be appointed to Emperor Mines board of eight members. He said the intention was to take the combined entity to a 400,000 ounce a year producer while there were other synergies including a large tailings operation in Fiji which Wellesley-Wood said was “something that Crown could have a look at”. Crown is Durban Deep’s slimes retreatment operation and combines a large black economic empowerment function.

Ironically, it was Emperor Mines that Durban Deep first attempted to buy when the company, under different management, embarked on its Australasian strategy in 1998. The attempted takeover turned out to be a public relations disaster for Durban Deep however after Australian shareholders took umbrage at the South African company’s brusque manner. The takeover was opposed and fuelled a public and acrimonious fight. Wellesley-Wood said today’s deal was further evidence that the market recognised Durban Deep to be a different company than it was several years ago.

Emperor Mines chief executive, Greg Starr, said his company had great admiration for the current management team at Durban Deep and that the success and growth that had been achieved in South Africa could be emulated in the Australasian region. “There are numerous similarities between the business strategies and management styles of Emperor and DRD. We believe that the relationship between the two companies, cemented by this transaction, will offer both parties significant benefits in enacting their growth strategies,” Starr said.

[svc]

Um die bude hat die schlacht begonnen! um emp sollte sich eine gewisse sondersituation ergeben. das ziel ist emp und dub wird es nehmen.

ein kleines zubrot sollte da doch möglich sein!

bei 0,40 scheint der kurs relativ abgesichert, nach oben haben wir noch ein ganzes stück luuuft!

1.
IVANHOE MINES LTD. 2002-12-19 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
(NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES)

IVANHOE MINES ARRANGES FINANCING OF UP TO CDN$60 MILLION;
AGREES TO SELL STAKE IN EMPEROR MINES FOR US$6.5 MILLION

Ivanhoe Mines` Chairman Robert Friedland and Deputy Chairman Ed Flood
announced today that the company is arranging a private-placement
financing with several prominent Australian institutions for up to
CDN$60 million (US$38.4 million). The first CDN$37.5 million (US$24.0
million) tranche has closed and the balance is expected to close
before year end.

The proceeds will be used to advance ongoing resource-definition
drilling and development planning at Ivanhoe`s Turquoise Hill gold
and copper discovery in Mongolia to the feasibility-study stage, to
fund the company`s ongoing exploration programs in Asia and for
general corporate purposes.

"This financing reflects the growing international appreciation of
the significance of our initial discoveries in Mongolia and of the
potential for other Ivanhoe projects in Asia," Mr Flood said. "We
look forward to continuing to work with the Australian investment
community, in particular, to ensure that we capitalize on
opportunities that arise from our full listing on the Australian
Stock Exchange."

The financing consists of up to 20 million Special Warrants at a
price of CDN$3.00 (US$1.92) each. Each Special Warrant entitles the
holder to acquire one common share of Ivanhoe, at no additional cost,
following the clearance of a prospectus in Canada and Australia or
four months after the closing date, which ever occurs first. The
financing is subject to regulatory approval.

Ivanhoe Mines is an international mining company developing important
new gold and copper discoveries in Mongolia. The most advanced
discovery is at the Turquoise Hill Project. An independent resource
calculation, prepared May 29, 2002, estimated that the Southwest Zone
- one of four large deposits discovered to date at Turquoise Hill -
contains 13.8 million ounces of gold and 6.9 billion pounds of copper
in an inferred resource of 821 million tonnes grading 0.52 grams of
gold per tonne and 0.38% copper, based on a cut-off grade of 0.30%
copper equivalent. Infill drilling is underway at the project`s three
other gold and copper deposits. The new results will be incorporated
into an updated, independent resource estimate for the entire project
that is expected in January, 2003. Ivanhoe expects that the new
estimate will form the basis to begin engineering and feasibility
studies.

Ivanhoe now has arranged approximately CDN$175 million (US$111
million) in equity financing to fund the company`s exploration
programs since discovering the high-grade gold and copper porphyry
deposit at Turquoise Hill in July, 2001.

Shareholders are advised that Ivanhoe has cancelled the Special
Meeting of Shareholders that was to be held on December 23, 2002. The
meeting was to consider and vote on a resolution authorizing the
issue of additional equity securities, in accordance with the listing
requirements of the Australian Stock Exchange (ASX). The ASX has
since granted Ivanhoe a waiver of listing rule 7.1 until December 9,
2003. The effect of the waiver is that during this period the number
of common shares and securities convertible into common shares that
Ivanhoe may issue without shareholder approval is not limited by the
ASX listing rules.

Ivanhoe also announced today that it has agreed to sell its entire
14% shareholding in Emperor Mines Limited, a gold mining company
listed on the Australian Stock Exchange, to Durban Roodepoort Deep
Limited, of South Africa, for AUS$0.75 a share, generating proceeds
of approximately AUS$11.5 million (US$6.5 million). The transaction,
which is subject to various approvals, is expected to result in a
gain of approximately AUS$7.8 million (US$4.4 million).

Ivanhoe produces LME Grade A copper from its Monywa joint venture in
Myanmar, iron ore products from ABM Mining`s Savage River mine in
Australia and gold and silver from the Silver Hill Mine in South
Korea. Ivanhoe has a joint venture with Pacific Minerals to explore
for gold, copper and platinum-group minerals in China.

Ivanhoe`s shares are listed on the Toronto and Australian stock
exchanges under the symbol IVN.

Information contacts
North America: Investors: Bill Trenaman/Media: Bob Williamson
+1.604.688.5755


2.
EMPEROR MINES LIMITED 2002-12-19 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
Emperor Mines Limited (ASX Code EMP) has recently begun its Phase 2
Expansion Plan at its Vatukoula gold mine in Fiji.

The Company is pleased to confirm that it has entered into a US$14.7
million credit facility with ANZ Bank which, together with cash
reserves and forecast cash flow, may be drawn upon to fund the
expansion plan.

Implementation of the Phase 2 Long Term Operating Strategy at
Vatukoula is currently underway. The strategy involves the expansion
of activities to fully utilize the production capability of the mine
and thereby maximize efficiencies through economies of scale. The
Phase 2 Strategy aims to increase mine output by 40% over the next 3
years to 800,000 tonnes (mill capacity) and gold production by some
35% to approximately 180,000 ounces.

Over 6.4 million ounces of gold have been mined at Vatukoula since
1933. As at 30 June 2002 Emperor had 1.0 million ounces in reserves
and 4.2 million ounces of resources. On-going exploration is expected
to further extend to life of the mine.


A J Cooke
COMPANY SECRETARY

--------------------------------------------------------------------------------

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[granitbiss]

!

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[Head]

Emperor Mines vor dem Ausbruch???

[granitbiss]

chrashitt

neues Gerücht von Emperor :

Die kaufen nur noch Kantinenküchen bei ALNO

[granitbiss]

Könnte es sein dass, Emperor seinen Geschäftssitz an die Costa Brava verlegt ??????? (wg. crashitt und dem Klima ???

[crashkommt]

Lieber Hirnschiss Costa Blanca, bist Du bloed???


Naehere Infos findest Du hier.


http://www.reisen-urlaub-ferien-immobilien-privat-ferienhaus…




MfG

[granitbiss]

ich eifere Dir doch nicht nach

undd ich geifere auch nicht wie Du.

Wann h i e l f t Dir endlich einer zu begreifen