Eureka Mining - Moly, Kupfer, Gold in Kasachstan - 500 Beiträge pro Seite

[XIO]

Die sollte man mal weiter beobachten!

http://www.eurekamining.co.uk

Börse: London (Kurs in British Cent)


Major Share Holders 30.04.06
Celtic Resource Holdings - 14.17%
Directors - 8.35%
Henderson Global Investors Ltd. - 3.94%

Mein Initialzünder:

[attta91]

Hallo xio
habe ich das richtig verstanden das EUREKA in Sachen Molybdaen
bereits foerdert und in Sachen Gold und Kupfer noch als Explorer
taetig ist.

[XIO]

Latest Presentation June 2006:
http://www.eurekamining.co.uk/documents/ProdDevMoCuAuFSUJun0…

Research Report:
http://www.fox-davies.com/FDC_Eureka_Report_220605.pdf

26th Jan 2006 Press Commentary:
http://www.minesite.com/storyFull5.php?storySeq=3265

2006 Moly Report:
http://www.golden-phoenix.com/documents/TheEconomicsofMolybd…

25th April 2006 Moly Update:
http://www.resourceinvestor.com/pebble.asp?relid=19141


Major shareholders
Celtic Resources ----- 14.2%
JP Morgan funds ----- 8.4%
EKA Management ----- 8.3%
Hendersons ----- 3.9%
Rathbones ----- 3.8%
Gartmore ----- 3.5%

[XIO]

Kazakhstan to enter world molybdenum market by June:
http://www.kazatomprom.kz/cgi-bin/index.cgi?nc86&version=en

Kazakhstan is preparing to enter the global molybdenum market by June this year with the start of commercial production at a new plant at Stepnogorsk, run by Kazatomprom, the country's state-owned atomic company.

The company hopes to reach full capacity at the plant by June-July 2006 and process 500,000 tonnes of molybdenum ore, a company spokeswoman told MB.

Initially, Kazatomprom will process only molybdenum ore concentrate, which will be exported. It later plans to start processing ore concentrate into technical grade molybdenum oxide and ferro-molybdenum.

The first monthly production lot of molybdenum concentrate will be 130-140 tonnes. Most of the production will be sold in Russia and China.

It has formed an alliance with Alternative Investment Market-listed Eureka Mining to secure feed for the refinery under a joint venture called MolyKen.

The plant’s primary raw material source is expected to be the Shorskoe deposit with reserves that contain around 21,000 tonnes of molybdenum, developed by Eureka. There are enough resources at the Shorskoe deposit to cover the plant’s needs till the end of 2010, according to the spokeswoman.

The country claims to have access to some 250,000 tonnes of molybdenum reserves, which represents around one sixth of global reserves.

In the next two years Kazatomprom plans to invest over $180 million to develop the Stepnogorsk refinery.

The refinery is located at the uranium mill in Stepnogorsk. Kazatomprom is Kazakhstan’s leading importer and exporter of uranium, beryllium, tantalum and niobium, and employs some 20,000 people, with an annual turnover of $300 million.

Eureka is a UK-based mining exploration company that focuses on projects in the former Soviet Union.

Molybdenum prices are expected to remain strong throughout 2006 as the market stays in deficit due to limited roasting capacity and growing consumption, analysts at Roskill said earlier this month (MB April 11).

The USA, Japan, Germany and China are the largest markets, accounting for about 50 percent of world demand.

Copyright © Metal Bulletin PLC. All rights reserved.

[XIO]

Informationen zu Kupfer in der BHP Mai 2006 Präsentation:
http://bhpbilliton.com/bbContentRepository/Presentations/060…

[XIO]

[XIO]

Moderierte Audio /Slideshow:

http://clients.westminster-digital.co.uk/minesite/microsite/…

Im IE öffnen und Eureka wählen

[XIO]

[XIO]

Eureka Mining project to double Chelyabinsk gold output
19 June 2006

http://metalsplace.com/metalsnews/?a=5644

The copper project with Britain's Eureka Mining will enable the Chelyabinsk region to double gold production in the mid-term, Vladimir Dyatlov, the region's first deputy governor, said at a meeting with Carl Herrington, the head of Eureka's Russia office.

Dyatlov said gold production would increase when the Mikheyevskoye field goes into production. The field will yield round 3 tonnes of gold annually, he said.

Dyatlov also invited Eureka Mining to consider processing gold at local enterprises. He said OJSC Yuzhuralzoloto was prepared to process the gold, which would be mined together with copper.

Dyatlov said the Eureka Mining project, it if is implemented, would be one of the region's biggest investment projects. "Preliminary investment in this project is $342 million, which will create jobs and generate additional local taxes," he said.

Herrington said at the meeting with Dyatlov that Eureka Mining planned to complete a bankable feasibility study for the Mikheyevskoye field during the first quarter of 2007.

He said that copper concentrate production should begin as scheduled in 2008.

The company has said it plans to draft a pre-feasibility study by the third quarter of this year and to finalize the study by the end of this year.

Herrington said, though, that the company hired to prepare core samples had been behind schedule, and that the results of samples taken from just 45 of more than 100 holes were ready now.

Herrington also said the drilling program might have to be adjusted. He said 23 km of holes had so far been drilled but that another 20 km at least should be drilled.

He said the exploration might reveal that the Mikheyevskoye field contains more copper than was listed with the state reserves commission.

"Of the 45 drills for which we have results, 18 came from outside the orebody. This suggests that the reserves will grow," he said. An adjusted reserves appraisal for internal use should be prepared within a month, he said.

Eureka Mining plans to sign a contract with the company that will perform the feasibility study for the Mikheyevskoye field's commercial development soon. Herrington said this would be a Russian company.

He said around $10 million-$11 million would be invested in the Chelyabinsk Copper Project this year and that overall investment in the project would be higher than the originally planned $342 million.

The U.K.-registered Chelyabinsk Copper Company owns 100% of the shares in CJSC Mikheyevsky GOK and CJSC Tominsky GOK and CJSC Tarutinsky GOK mining companies, which hold the licenses to the Mikheyevskoye, Tominskoye and Tarutinskoye copper fields respectively.

The Chelyabinsk Copper Project calls for further exploration and the development of the Mikheyevskoye and Tominskoye fields. Planned capital expenditure is $350 million. A mine and concentrating plant at the Mikheyevskoye field, work on which is due to begin in 2007, should be commissioned in the fourth quarter of 2008.

The Mikheyevskoye copper-porphyry field, in Varna district, Chelyabinsk region, is currently believed to contain a resource of 404 million tonnes containing 1.6 million tonnes copper and 2.8 million ounces of gold.

[XIO]

http://www.minesite.com/storyFull5.php?storySeq=3601

So why molybdenum?

The first reason is quite clear and is the same as the one quoted by Tiberon Minerals in relation to tungsten and bismuth.

Molybdenum is a non-exchange traded so there is none of the volatility generated by the hedge fund cowboys which have affected other metals of late.

Throughout the recent setback the moly price has held firm at around US$24-27/lb as the demand supply situation remains unchanged. Moly is very hard and has a high melting temperature of 2610 degrees Celsius. It is its physical and chemical properties that make moly such a useful component in steel and other metal alloys as they help confer hardness, corrosion resistance and high temperature strength.

The world’s stainless steel industry is going flat out at the moment so demand is at a high level and supply has been hit by the closure of production capacity in China.

Molybdenum is usually produced as a by-product of copper, but in 2005 Kennecott’s Bingham Canyon copper-moly mine made more money out of molybdenum than copper.

[XIO]

Ich wüsste gerne mal, was den Kurs so nach unten treibt.
Ist es der Umstand, daß der Produktionsbeginn mit Turbulenzen verbunden ist?
Bin noch nicht investiert.

[XIO]

At present Moly prices : (Shorskoye Project)

2006 Moly production = 600,000 lbs = 14.7 million dollars sales price
2007 Moly production = 1,200,000 lbs = 29.4 million dollars sales price
2008 Moly production = 1,200,000 lbs = 29.4 million dollars sales price
2009 Moly production = 1,200,000 lbs = 29.4 million dollars sales price
2010 etc etc etc
___________________________________________________________

At present Copper/Gold prices : (Chelyabinsk Project)

2008 Copper production = Starting late 2008......

Chelyabinsk NPV of over 1 billion pounds.

[XIO]

Ich empfehle, auch mal einen Blick auf den grössten Shareholder Celtic Resorces zu werfen:

http://www.celticresources.com/

Management:
http://www.celticresources.com/profile.htm

Kevin Foo ist hier an 2. Stelle als Managing Director.

ebenfalls sehr interessant:

http://www.celticresources.com/announce.htm

[XIO]

Mal sehen, ob wir die 50 BPC noch ankratzen, dann wird es heiss.
Bin noch nicht investiert.
Man müsste sowieso über London kaufen.
In Berlin kein Umsatz und extrem Spread.

[XIO]

Antwort auf Beitrag Nr.: 22.753.707 von XIO am 19.07.06 12:53:26

Es gibt die bei einem Produktionsstart zu erwartenden Verzögerungen und einen Newsstau.
Der Kurs wird ja immer besser.

[XIO]

Kurs London...hervorragend heruntergedrückt.
Erste Munkeleien behaupten, Celtic Resources wird den Laden schlucken. Sozusagen zurück zur Mama
Die MMs arbeiten ja feste daran, wie man sieht.
Erst hab ich ja selber nicht an die 50 BPC geglaubt, aber langsam wird es ernst.

[XIO]

+10,7
ist das der Boden?

[XIO]

Ja

[XIO]

Molybdenum Myopia, Part 2
http://www.resourceinvestor.com/pebble.asp?relid=22727

Molybdenum Myopia, Part 2

By Jack Lifton
14 Aug 2006 at 12:05 PM EDT

DETROIT (ResourceInvestor.com) -- Irish Public Broadcasting (RTE in Gaelic) reported today that “Replacing Alaska pipeline may cost BP $100 million.”

A BP [NYSE:BP; LSE:BP] source says the oil firm expects the replacement of corroded pipelines at the Prudhoe Bay oil field in Alaska to cost around $100 million, but the total cost to BP will likely be several times this figure.

The expected cost includes around $20-$30 million for the steel pipeline, well above the $15 million that steel analysts have predicted.

The BP source said the higher than predicted cost was because the company was "a distressed buyer"….

Think of the feeling in the pit of your stomach as you look at the pavement where you last parked your car and see a patch of oil that must have leaked from its engine somewhere. God, you cry to yourself, it’s going to cost a fortune to fix the thing, and I don’t have the money, or I had planned to use the money for something else. But unless you are a reader of Resource Investor, you are not in the least concerned about your dealer or your repair shop being able to get the (expensive) parts they will need to fix whatever is wrong.

Unfortunately this is where the analogy breaks down for the oil producing industry. So, there is an opportunity for the little guy to make some money.

First of all what’s the problem in Prudhoe Bay, Alaska, and what’s it got to do with molybdenum anyway?

I personally think that British Petroleum’s local, Alaska, budget manager needed to skimp on something, and I’ll bet that whomever it was noticed that the molybdenum sulfide anticorrosion grease used to protect internal joins and welds on the carbon steel pipe used to transport crude from the oil field collection centers to the main pipelines had gone up in price dramatically in a short time. This graduate of a key business school then asked “what is this stuff?” and was told that it was for protecting joins and welds from corrosion. I’ll bet that he told his cowering staff that we’ve got to cut back on this anticorrosion stuff to where it will just do the job, or I’ll get a poor review for performance to budget. The suits then told the collection and transfer station managers to cut back on the expensive anticorrosion stuff, and they told their parka-over-blue jeans types who actually do the work to cut back on the anticorrosion stuff. This is just what happens when children at a round table are told to whisper to the person next to them something they have heard from the person next to them. The words that the children and (in this case, accountants and others whose bonus is dependent on performance to budget) don’t understand, just disappear. And I'm alone in this theory.

Something like this set off a chain of events.

1.
First, less very expensive anti-corrosion chemical additives were added to the oil flow than were necessary to limit the well known wearing out of the pipe to a manageable level, even though this was critical so that leakage and downtime could be avoided by maintaining the already worked out maintenance schedule for inspection and replacement;
2.
Second, less very expensive molybdenum sulfide grease was used on the joins and welds, and;
3.
Third, expensive maintenance schedules were not increased to take into account the lesser protection from corrosion.

The final result was less usage of expensive anti-corrosion additives in the oil flow, less usage of very expensive molybdenum sulfide grease on the joints and welds, and most importantly, fewer inventory turns of expensive and very expensive chemicals as well as a smaller inventory of very expensive oil field grade steel pipe and valves. Oh, and I almost forgot, less man hours of very expensive skilled labour for maintenance.

A lot of workmen noticed the degraded maintenance, because they saw leaks and patch jobs (temporary repairs) start increasing as long ago as 2004. The newspapers are trumpeting the story of how the workers complained to their ombudsman in Alaska about the dangers to themselves and to their jobs. Congress, of course, and the Alaskan politicians will either hold hearings or sue as in this story.

British petroleum planners and budget managers were well aware that strategic products for the maintenance of their operation such as special oil pipe (tubular products as they are called in the oil industry) were getting hard to find off-the-shelf, because of incredible world demand. Since demand was exceeding supply no one whose bonus depended on performance to budget wanted to order or suggest ordering extra inventory.

Anticorrosion chemicals and molybdenum disulfide grease were also getting much more expensive due to vastly increased demand for petrochemicals and for molybdenum.

The result was that the BP management was shocked, shocked I say, that suddenly a 16 mile section of their operation had to be shut down due to leakage and then it was suddenly discovered that all 16 miles of pipe, valves and pumps had to be replaced. If BP restates bonuses paid for performance to budget to take into account the losses from this “unforeseeable accident,” I’m afraid that a lot of its managers and executives will need to put off buying Dom Perignon for their barbeques.

One solution to BP’s problem would be to replace all of its transfer pipe with stainless steel, but this would cost, just for the pipe, if they could find it at current market prices, three times as much as carbon steel pipe, and welding and joining stainless steel is much more expensive than doing the same with ordinary steel and takes a lot more time!

The China Post had an article on August 10, 2006, about this problem of BP’s entitled “BP search for pipeline steel no easy task.” Of interest to investors are the following excerpts from the article:

“BP PLC plans to replace about 16 miles (25 kilometers) of pipeline at its Prudhoe Bay, Alaska, oil field. That's a small run in pipeline terms, but a big leap when it comes to getting the steel necessary to make the repairs.

“Companies are having to go farther a field to service the world's growing demand for energy, which has driven demand for large-diameter, tubular steel used to build the pipelines that bring oil and gas back to civilization.

“In the past, though, the business proved too cyclical for many steelmakers, leaving only a few major North American suppliers - Ipsco Inc. [NYSE:IPS; TSX:IPS]; Oregon Steel Mills Inc. [NYSE:OS]; and Berg Steel Pipe Corp. of Florida, which is partly owned by Salzgitter AG [OTCPK:SZGPF].

“It's been difficult for those remaining companies to keep up with recent demand. Ipsco's tubular steel business is sold out through the third quarter of 2007 ….

“‘This is the hottest stuff out there,’ independent steel analyst Michelle Applebaum said.”

BP found severe corrosion and a leak in a 30-inch (76-centimeter) diameter, low-pressure feeder pipe that runs between two of its pumping stations at Prudhoe Bay, according to government officials.

Replacement pipe of the quality necessary to transport oil across Alaska's tundra will likely cost about $100 a foot (30 centimetres), and the publicity surrounding BP's immediate need for the product could further boost prices, according to steel-industry sources. There will also be substantial costs for removing the old pipe and transporting and installing the new steel on Alaska's tundra… the approximately US$8 million to US$10 million cost for new pipe isn't likely an issue for BP. Getting the steel certainly could be (emphasis added).

“‘Oregon's tubular division head estimated pipe availability would be difficult from any of the world's top tier producers,’ UBS analyst Timna Tanners said. ‘If a production schedule could be interrupted, minimum delivery could be two months from a domestic mill and four months from overseas.’ ….”

I would certainly recommend looking at the stock of all of the tubular steel product producers named above. They are all survivors of the last shakeout, and, like the lady on a troop train, they don’t need to solicit attention. BP’s problem of finding supplies will reoccur each time an unforeseeable accident of this type happens anywhere in the oil producing world to anyone.

Now as for molybdenum. I wrote about its supply, demand, and domestic sourcing situation earlier this year. I called my article Molybdenum Myopia. I urge you to revisit that article and another article entitled Strategic Metals-Molybdenum. You will then be prepared to understand much more than some of BP’s Alaskan operations managers about the price, the supply and the demand for molybdenum, ferromolybdenum and molybdenum chemicals as they critically affect the oilfield operations segment of the global petroleum industry.

Keep in mid that as of now China, for all intents and purposes, controls the supply of molybdenum and ferromolybdenum in the U.S. Chinese demand is also the engine of molybdenum and ferromolybdenum supply in the world. Molybdenum is primarily a secondary product of copper and gold mining. Read all such prospectuses carefully to see if the mining company has recognized the existence and the value of the molybdenum. If not, ignore the prospectus.

So, even when BP finds the pipe it needs, and the specialized workers, it will surely have to take molybdenum sulphide grease from another of its locations to meet the large demand it will suddenly have for this product also. It will surely be competing for molybdenum products with an increased global demand fuelled by BP’s own problem as every oil producer on earth does an emergency inspection of every running foot of pipe and re-greases every tubular oil product join and weld on earth.

Perhaps the Phelps Dodge [NYSE:PD] molybdenum mine reopening at Climax, Colorado is reason enough to take a look at Phelps Dodge. The price of stainless steel will go up if molybdenum and ferromolybdenum go short due to this unexpected demand.

[XIO]

Eureka Mining's (EKA) share price recently received a bit of a reprieve from a gruelling down trend; it had been in retreat since their Shorskoye Molybdenum project turned out to hold only 1/10th of the tonnage anticipated when the project was first acquired. Shorskoye is a 50/50 joint venture with KazAtomProm, a heavyweight Kazak mining company that seems to have been tasked by the Kazak government with developing domestic Molybdenum and Rare Earth projects. Although this project did turn out to be much smaller than first expected, it does have a high-grade zone that is worth exploiting – and is currently working up to full production.




Once bitten, twice shy seems to be the theme with Eureka.

The market hasn't forgotten its disappointment with Shorskoye; which may explain the relatively small bounce on the results of a pre-feasibility study on the much larger Chelyabinsk Copper/Gold project in Southern Russia. Or does it? Eureka has a lot of baggage to deal with. Shorskoye came up short and the pre-feasibility for Chelyabinsk was slightly disappointing though it is still favourable in today's strong commodity prices. Also, the market may be fretting about projects with an address in one of the 'Stans' of Central Asia (as in Uzbekistan, Turkmenistan, Tajikistan, Kyrgyzstan and Kazakhstan) following the cavalier treatment of AIM listed Oxus Gold and Marakand Minerals in Uzbekistan. There is, however, more to this story. Eureka's Chairman, Kevin Foo, had the unfortunate experience of finding out just how difficult keeping tenure of a project can be in Russia - and Chelyabinsk is in the Southern Urals. One of Kevin's other enterprises is Celtic Resources (from which Eureka was spun out of and still holds approximately 14% of Eureka stock) lost control of its own lead project last year after a lengthy attempt in the courts to hold on to it. Celtic did get a hefty payout, but this is small consolation for losing a mine that could have rewarded shareholders with healthy cash flow for years to come.

Comparisons between Celtic and Eureka are easy to make, and not surprisingly, journalists across the mining community have suggested that Eureka will run into the same problems in Russia. "Not so", claims Vernon Martins, General Manager of Operations. Vernon is emphatic that Eureka has learned from Celtic's problems and has made sure they have a "watertight" deal over Chelyabinsk. Eureka are also considering partnering up with a Russian mining company to move the project towards production – which would greatly reduce the chance of any scheme to pull the project out from under their noses. Chelyabinsk is a big project; the pre-feasibility study envisages a 12 year mine life with a total copper production of 967,000 tonnes and 668,000 ounces of gold. Estimated capital expenditure is around US$ 450 million and production should start before the end of the decade. The next major step for Chelyabinsk will be the completion of a bankable feasibility study, due to be completed in the second quarter of next year. Chelyabinsk certainly could be a company-making project for Eureka - yet it is from Kazakhstan that future deal flow is anticipated.



Unfortunately, most of Kazakhstan's neighbours, including Russia, have shown themselves to be somewhat corrupt and unpredictable in how they deal with foreign investment – and the market tends to label areas with a wide brush – e.g. 'Beware of the FSU' and 'Beware of the Stans'! However, Kazakhstan is one of the few FSU states, or 'Stan' that has made good use of western investment and continues to thrive because of it. Indeed, Kazak copper mining firm Kazakhmys is now part of London's FTSE 100 share index.

Of course, there are many western business success stories in all of these countries. The big hurdle for western companies isn't so much whether they abide by the host countries laws. It is more to do with whether they make the right friends in high places, get a tight agreement, and ensure they keep their friends close, and enemies closer. Eureka has played a blinder by entering into an agreement with local heavy-metal specialist KazAtomProm (www.kazatomprom.kz) which looks to be a heavyweight company by anyone's standards and includes GE and Cameco on its list of JV partners. The Shorskoye project may be the first deal, but it hopefully is not the last - Shorskoye works because KazAtomProm already have a plant available for use. This has kept the capex costs very low, and also allows the scope to add further satellite mines using the same central plant.

Vernon Martins describes the current plant design as the first stage in what could become a large operation. The plant can easily be expanded to increase capacity as new molybdenum deposits are targeted and brought on stream. Of course this vision is entirely dependant on prevailing Molybdenum prices which, to put it mildly, are difficult to forecast. Yet if the Eureka/KazAtomProm JV identifies further deposits that can be cost effectively shipped by rail to a central plant, this partnership starts to look interesting.

Eureka has had its share of disappointments and Kevin Foo showed his support in June by way of buying 32,000 shares between 81-92p. Yet despite the concerns, Eureka has put Shorskoye into production quickly and Chelyabinsk is moving ever closer to becoming a mine. If Eureka can show healthy profits in Kazakhstan and keep a grip on it's prime asset in Russia, then it should be able to stand firmly on it's own feet and move out of the shadow of Celtic Resources.

http://www.proactiveinvestors.co.uk/articles/article.asp?EKA

[XIO]

Sehr aufschlussreich:

(Der EKA) Aktienkurs des Bergbaus von Eureka erhielt{empfing} kürzlich so etwas wie eine Begnadigung von einem mörderischen unten Tendenz; es war im Rückzug gewesen, seitdem{da} sich ihr Shorskoye Molybdän-Projekt herausstellte, nur 1/10. der vorausgesehenen{erwarteten} Tonnage zu halten, als das Projekt zuerst erworben wurde. Shorskoye ist ein 50/50 Gemeinschaftsunternehmen mit KazAtomProm, eine Bergwerksgesellschaft des Schwergewichtes Kazak, die scheint von der Regierung von Kazak mit dem Entwickeln von Innenmolybdän und Seltenen Erdprojekten stark beansprucht worden zu sein. Obwohl sich dieses Projekt wirklich herausstellte, viel kleiner zu sein, als erst erwartet, hat es wirklich eine hochwertige Zone, die Ausnutzung wert ist - und zurzeit bis zur vollen Produktion arbeitet.



Einmal{Einst} gebissen{gestochen} zweimal scheint Wurf das Thema mit Eureka zu sein.

Der Markt hat seine{ihre} Enttäuschung mit Shorskoye nicht vergessen; der den relativ kleinen Schlag{Schwung} auf den Ergebnissen{Folgen} einer Vordurchführbarkeitsstudie über das viel größere Chelyabinsk Kupfer/Gold Projekt im Südlichen Russland erklären kann. Oder es? Eureka hat viel Gepäck, um sich zu befassen. Shorskoye kam kurz herauf, und die Vordurchführbarkeit für Chelyabinsk war ein bisschen enttäuschend, obwohl das noch in heutigen starken Warenpreisen geneigt{vorteilhaft} ist. Außerdem kann sich der Markt über Projekte mit einer Adresse in einem der 'Stans' Zentralasiens ärgern (als in Usbekistan, Turkmenistan, Tadschikistan, Kirgisistan und Kasachstan) im Anschluss an die überhebliche Behandlung des ZIELES verzeichnete Oxus Gold und Marakand Minerale in Usbekistan. Es gibt jedoch mehr zu dieser Geschichte{Stock}. Der Vorsitzende{Präsident} von Eureka, Kevin Foo, hatte die unglückliche Erfahrung, gerade herauszufinden, wie die schwierige{schwere} bleibende Amtszeit eines Projektes in Russland sein kann - und Chelyabinsk im Südlichen Urals ist. Eines der anderen Unternehmen von Kevin ist keltische Mittel (von dem Eureka daraus gesponnen wurde und noch hält{sich festhält}, etwa 14 % des Lagers{der Aktie} von Eureka) verlor über sein{ihr} eigenes Leitungsprojekt im letzten Jahr nach einem langen{sehr langen} Versuch in den Gerichten{Höfen} Kontrolle, um daran festzuhalten. Celtic Resources bekam{erhielt} wirklich eine kräftige{tüchtige} Ausschüttung{Auszahlung}, aber das ist kleine Tröstung, um einen meinigen zu verlieren, der Aktionäre mit dem gesunden Kassenzufluss für kommende Jahre belohnt haben könnte.

Vergleiche zwischen Celtic Resources und Eureka sind leicht, und nicht überraschend zu machen, Journalisten über die Bergwerksgemeinschaft haben vorgeschlagen, dass Eureka in dieselben Probleme in Russland geraten wird. " Nicht so", Vernon Anspruch-Martins, Generaldirektor von Operationen{Betrieben}. Vernon ist emphatisch, dass Eureka von den Problemen der Celtic Resources gelernt{erfahren} hat und sichergestellt hat, dass sie ein "wasserdichtes" Geschäft über Chelyabinsk haben. Eureka denken auch, mit einer russischen Bergwerksgesellschaft zu vereinigen, um das Projekt zur Produktion zu bewegen - der die Chance jedes Schemas{Plans} außerordentlich reduzieren würde, das Projekt aus unter ihren Nasen zu ziehen. Chelyabinsk ist ein großes{dickes} Projekt; die Vordurchführbarkeitsstudie stellt sich ein 12 Jahr meinig Leben mit einer Gesamtkupferproduktion von 967.000 Tonnen und 668.000 Unzen Gold vor. Geschätzter Investitionsaufwand ist um US$, den 450 Millionen und Produktion vor dem Ende{Schluss} des Jahrzehnts anfangen sollten. Der folgende Hauptschritt{-stufe} für Chelyabinsk wird die Vollziehung einer bankfähigen Durchführbarkeitsstudie, erwartet{fällig} sein, im zweiten Viertel des nächsten Jahres vollendet zu werden. Chelyabinsk konnte sicher{bestimmt} ein Gesellschaft machendes Projekt für Eureka sein - noch ist es von Kasachstan, dass zukünftiger Geschäft-Fluss vorausgesehen{erwartet} wird.

Leider{Unglücklicherweise} haben die meisten Kasachstans Nachbarn, einschließlich Russlands, sich gezeigt, um etwas korrupt und darin unvorhersehbar{launenhaft} zu sein, wie sie sich mit Auslandsinvestition{-anlage} befassen - und der Markt dazu neigt, Gebiete mit einer breiten{weiten} Bürste - z.B zu etikettieren, 'Hüten Sich vor dem FSU', und 'Hüten Sich vor dem Stans! Jedoch ist Kasachstan einer der wenigen FSU-Zustände{-Staaten}, oder 'Stan', der guten Gebrauch der Westinvestition{-anlage} gemacht hat und fortsetzt, wegen seiner zu gedeihen. Tatsächlich ist Kazak Kupfer fester Bergwerkskazakhmys jetzt ein Teil von Londons FTSE 100 Aktienindex.

Natürlich gibt es viele Westgeschäftserfolg-Geschichten{-Stöcke} in allen diesen Ländern{Staaten}. Die große{dicke} Hürde für Westgesellschaften besteht nicht so viel darin, ob sie sich an die Gastland-Gesetze halten. Es ist mehr, damit zu tun, ob sie die richtigen{rechten} Freunde in hohen Plätzen{Stellen} machen, eine dichte{enge} Abmachung{Vereinbarung} bekommen{erhalten}, und sicherstellen, dass sie ihre Freunde nahe, und Feinde näher{enger} halten. Eureka hat eine Scheuklappe gespielt, einen Vertrag mit dem lokalen{örtlichen} Schwer-Metallfachmann KazAtomProm (www.kazatomprom.kz) schließend, welcher schaut{aussieht}, um eine Schwergewichtsgesellschaft nach jemandes Standards{Normen} zu sein, und GE und Cameco auf seiner{ihrer} Liste von JV-Partnern{-Gesellschaftern} einschließt{umfasst}. Das Shorskoye-Projekt kann das erste Geschäft sein, aber es ist hoffentlich nicht das letzte - Shorskoye Arbeiten{Werke}, weil KazAtomProm bereits ein für den Gebrauch verfügbares Werk{Pflanze} hat. Das hat die Capex-Kosten sehr niedrig behalten, und erlaubt auch dem Spielraum{Umfang}, weitere Satellitengruben hinzuzufügen, die dasselbe Hauptwerk{-pflanze} verwenden{benutzen}.

Vernon Martins beschreibt das gegenwärtige Pflanzendesign als die erste Stufe darin, was eine große Operation{Betrieb} werden konnte. Das Werk{Pflanze} kann leicht{einfach} ausgebreitet werden, um Kapazität zu vergrößern, weil neue Molybdän-Ablagerungen{-Anzahlungen} ins Visier genommen und Strom verursacht werden. Natürlich ist diese Vision völlig{ausschließlich} Abhängiger auf vorherrschenden Molybdän-Preisen, die gelinde gesagt schwierig{schwer} sind vorauszusagen. Und doch wenn der Eureka/KazAtomProm JV weitere Ablagerungen{Anzahlungen} identifiziert, die effektiv{wirksam} verladen mit der Bahn zu einem Hauptwerk{-pflanze} gekostet werden können, fängt diese Partnerschaft{Teilhaberschaft} an, interessant auszusehen.

Eureka hat seinen{ihren} Anteil{Aktie} von Enttäuschungen gehabt, und Kevin Foo zeigte seine Unterstützung im Juni über das Kaufen von 32.000 Anteilen{Aktien} zwischen 81-92p. Und doch trotz der Sorgen{Angelegenheiten} hat Eureka Shorskoye in die Produktion schnell gestellt{gesetzt}, und Chelyabinsk bewegt sich jemals{immer} näher{enger} dem Werden ein meiniger. Wenn Eureka gesunde Gewinne in Kasachstan zeigen und einen Griff darauf behalten kann, ist es Hauptaktivposten in Russland, dann sollte es im Stande sein, auf eigenen Füßen zu stehen und aus Schatten von Celtic Resources zu treten

[XIO]

NS Number:2715I Eureka Mining PLC 30 August 2006


Eureka Mining Plc ("Eureka" or the "Company")
Statement re. possible offer


The board of directors of Eureka announces that it has entered into discussions with a third party which may or may not lead to an offer being made for the Company.

There can be no certainty that an offer will be made, nor as to the terms on which any offer might be made. A further announcement will be made in due course.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Eureka all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Eureka, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Eureka by Eureka, or by any of its respective "associates" (within the meaning of the City Code), must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.


This information is provided by RNS
The company news service from the London Stock Exchange


Zitat:
NS Number:2715I Eureka, PLC am 30. August 2006


Eureka, der Plc ("Eureka" oder die "Gesellschaft")
Behauptung{Erklärung} re. mögliches Angebot


Der Verwaltungsrat von Eureka gibt bekannt, dass es in Diskussionen mit einem Dritten eingetreten ist, das zu einem Angebot führen kann, das für die Gesellschaft gemacht wird.

Es kann keine Gewissheit geben, dass ein Angebot, noch betreffs der Fristen{Begriffe} gemacht wird, auf denen jedes Angebot gemacht werden könnte. Eine weitere Ansage{Mitteilung} wird im Laufe der Zeit gemacht.

Geschäftsenthüllungsvoraussetzungen

Unter den Bestimmungen der Regel 8.3 des Stadtcodes auf Übernahmen und Fusionen (der "Code"), wenn irgendwelche Person ist, oder, "interessiert" (direkt oder indirekt) in 1 % oder mehr von irgendwelcher Klasse "relevanter{bedeutender} Wertpapiere" von Eureka wird, muss der ganze "Verkehr" in irgendwelchen "relevanten{bedeutenden} Wertpapieren" dieser Gesellschaft (einschließlich mittels einer Auswahl in der Rücksicht{im Respekt} auf, oder eine Ableitung Verweise angebracht zu, irgendwelche solche "relevanten{bedeutenden} Wertpapiere") durch nicht später öffentlich bekannt gegeben werden als 3.30 Premierminister (Londoner Zeit) am Londoner Werktag im Anschluss an das Datum der relevanten{bedeutenden} Transaktion. Diese Voraussetzung wird bis zum Datum weitermachen{weitergehen}, an dem das Angebot wird, oder wird erklärt, betreffs Annahmen{Zustimmungen}, Versehen vorbehaltlos oder wird sonst{anders} zurückgezogen, oder auf dem die "Angebot-Periode" sonst{anders} endet. Wenn zwei oder mehr Personen zusammen entsprechend einer Abmachung{Vereinbarung} oder dem Verstehen, entweder formell oder informell handeln, ein "Interesse{Zinsen}" an "relevanten{bedeutenden} Wertpapieren" von Eureka zu erwerben, werden sie gehalten, um eine einzelne{einzige} Person zum Zweck{Absicht} der Regel 8.3 zu sein.

Unter den Bestimmungen der Regel 8.1 des Codes muss der ganze "Verkehr" in "relevanten{bedeutenden} Wertpapieren" von Eureka durch Eureka, oder durch einigen seiner{ihrer} jeweiligen "Partner" (im Sinne des Stadtcodes), durch nicht später bekannt gegeben werden als 12.00 Mittag (Londoner Zeit) am Londoner Werktag im Anschluss an das Datum der relevanten{bedeutenden} Transaktion.

Ein Enthüllungstisch{-tabelle}, Details der Gesellschaften einreichend, deren "relevante{bedeutende} Wertpapiere" "Verkehr", und die Zahl{Anzahl; Nummer} solcher Wertpapiere im Problem{in der Ausgabe} bekannt gegeben werden sollten, kann auf der Website der Übernahme Panel an www.thetakeoverpanel.org.uk gefunden werden.

"Interessen{Zinsen} an Wertpapieren" entstehen{stehen auf} an der Zusammenfassung{Inhaltsangabe}, wenn eine Person lange Wirtschaftsaussetzung, entweder bedingt oder absolut zu Änderungen im Preis von Wertpapieren hat. Insbesondere eine Person wird behandelt als, ein "Interesse{Zinsen}" auf Grund vom Eigentumsrecht oder der Kontrolle von Wertpapieren, oder auf Grund von jeder Auswahl in der Rücksicht{im Respekt} auf, oder Ableitung Verweise angebracht zu, Wertpapieren zu haben.

Fristen{Begriffe} in Anführungszeichen werden im Code definiert{festgelegt}, der auch auf der Website der Tafel{Gremiums} gefunden werden kann. Wenn Sie in irgendwelchen Zweifeln betreffs sind, ungeachtet dessen ob Sie erforderlich sind, ein "Geschäft" unter der Regel 8 bekannt zu geben, sollten Sie die Tafel{Gremium} befragen.


Diese Auskunft wird durch RNS gegeben
Die Firmennachrichtenagentur von der Londoner Börse

[XIO]

London +14 heute deswegen.
Bin auf morgen sehr gespannt.
Kauft in London, geht nicht hier, scheiss auf den Fuffi.

[XIO]

London Intraday

http://www.londonstockexchange.com/en-gb/pricesnews/prices/s…

[XIO]

http://www.advfn.com/p.php?pid=nmona&article=16654184



Eureka Mining says in possible offer talks


LONDON (AFX) - Eureka Mining PLC said it has entered into discussions with a
third party which may or may not lead to an offer being made for the company.
There can be no certainty that an offer will be made, nor as to the terms on
which any offer might be made, Eureka said.

[e-mail]
slm

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The copying, republication or redistribution of AFX News Content, including by
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consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited


Ich denke, Celtic Resources wird den Laden komplett übernehmen

[XIO]

[XIO]

Where Do Investors Stand in the 'Stans'
By Michael J. DesLauriers
30 Aug 2006 at 07:24 PM EDT



TORONTO (ResourceInvestor.com) – The FSU, ‘Stan’ countries in Central Asia have been in the news recently in relation to the unilateral decision of a few CIS members to revoke energy and mining licenses. While investors in North America have always been standoffish where these autocracies are concerned, the appetite for investments in that part of the world has always been more appreciable in London and Europe. Significant investment dollars have been allocated to resource companies that operate in the ‘Stans’, where the hope is that many of the regions robust projects will be able to get off the ground and generate above average returns without state interference, excessive taxation, arbitrary contract amendments, or worse. Regular readers of RI are well acquainted with a number of the jurisdictional issues affecting their investments in Latin America, Africa and even Russia, but Central Asia has not been emphasized enough, especially in light of recent activity.

Uzbekistan

Over the course of the last month the government in Uzbekistan has screwed both Newmont [NYSE:NEM] and Oxus Gold [AIM OXS], with assets being seized and licenses revoked. Both companies have spent vast sums of investor money in the country, and while they will fight to recover what is rightfully theirs, it would be hard to blame investors for deciding that they have seen enough. While Newmont investors won’t feel the pain, as a result of the company’s size and geographically diverse asset base, smaller, more levered plays don’t have that luxury.

Kyrgyzstan

Oxus was also screwed in the Kyrgyz Republic on a very large deposit where they have spent upwards of $50 million, as was Central Asia Gold, last year. Oxus pointed out that the license on their project was awarded to another company shortly after the attempted assassination of their representative in that country. Hmm, where should I plan my next vacation?

Kazakhstan

Kazakhstan is by far the most powerful Stan country with its GDP being a multiple of its neighbors, and a significant energy endowment. The country has the same bond rating as Mexico and despite all of the opposition leaders having been murdered during this year’s elections, Kazakhstan has a place on the world stage - it would not pay to put that in jeopardy.

The GDP of Kazakhstan is 41 billion dollar, which is more than the combined GDP of the four other Stans and also more than the combined GDP of Georgia, Armenia and Azerbaijan. The country’s President Nursultan Nazarbayev told United Press International in an interview, "We have one third of Central Asia's population and three fourths of its natural resources." Nazarbayev has pledged to the country's over 15 million people that by year 2010, the per capita GDP would be $5800 making it first post Soviet Union nation to reach a par with Czech Republic, Hungary, Poland and Malaysia.

Indeed, between development in the Caspian region and energy deals with the Chinese, Russians, supportive words from the Americans, and a deal announced with the Japanese this week, the country is on the right track to becoming a major energy producer and exporter.

The Japanese deal is for uranium and Kazakhstan holds 15% of the world’s uranium reserves. “State-owned KazAtomProm, the world’s third-largest uranium producer, hopes to increase its annual uranium supplies to Japan to 2,000 metric tons or 25% of Japanese demand. Thirty percent of Japan’s power comes from atomic energy.”

Conclusion

I wouldn’t invest anywhere in the Stans save for Kazakhstan, and if I could I would stick with metals over energies. They simply haven’t been nationalized on the same scale as the oils in any area of the world.

[XIO]

London +23% ...die Frisur sitzt

[XIO]

Huch

[XIO]

hoho, gerade noch rechtzeitig letzte Woche die Pfunde gesichert. Das wars wohk wirklich.

[borazon]

Antwort auf Beitrag Nr.: 23.895.485 von XIO am 12.09.06 18:14:57

Unter 60p waren IMO Kaufkurse.
Kursziel 100-150p, falls sie von Celtic übernommen werden.
Wären eigentlich noch wesentlich mehr wert, aber vermutlich wird man Chelyabinsk und die Goldprojekte künstlich runterrechnen.

[XIO]

Antwort auf Beitrag Nr.: 23.930.107 von borazon am 14.09.06 13:37:30

bin am überlegen, nochmals reinzugehen....

[XIO]

Antwort auf Beitrag Nr.: 23.930.273 von XIO am 14.09.06 13:46:43

Mann, hät ich es bloss gemacht.
Naja, nun bin ich erstmal raus.

Bis später...by

[XIO]

http://www.wallstreet-online.de/adserver/code.php?bid=9953

Was gibt es Neues von CIGMA METALS zu berichten? Erst letzte Woche erreichte uns die aktuelle Meldung, dass das Unternehmen eine Vereinbarung mit Eureka Mining über ein Joint-Venture auf der 14.000 km² großen Dostyk Mining Liegenschaft in Nord-Kasachstan eingegangen ist. Diese Liegenschaft befindet sich glücklicherweise in einem Land, welches reich an Ressourcen wie Öl, Gas, Zink, Kupfer, Gold, Silber, Chrom und Uran sowie anderen Metallen ist. Wenn man von diesem Gebiet spricht, ist jedem Profi klar, das es sich hierbei um ein Gebiet handelt, welches schon seit Jahrzehnten für seine Gold und andere Edelmetall-Förderung bekannt ist. Cigma geht davon aus, die bestehenden Gold, Silber, Kupfer und Bleivorkommen weiter zu erforschen und so für sich und die Aktionäre einen Mehrwert zu erzeugen. Die Ergebnisse der Datenaufbereitung sind der Grund warum sich Cigma dazu entschied, bereits jetzt einige Bohrziele auszumachen, um vor allem nach Zink sowie Kupfer und anderen Basismetallen zu suchen.

Naja....was solls...

[XIO]

LONDON (AFX) - Eureka Mining PLC said the proposed acquisition of the
company by Celtic Resources Holdings PLC by means of a scheme of arrangement was
passed at today's EGM.
A statement from today's meeting said it is expects the scheme to become
effective, and the Company's admission to AIM will be cancelled, on or around
Dec 21 2006.
Accordingly, it is expected that the last day of dealings in Eureka shares
will be Dec 20 2006, the day of the final Court Meeting in respect of the
Scheme. Trading in Eureka shares is no longer expected to be suspended and will
continue following the court hearing until the end of normal trading at 4.30pm
on that day.
On Nov 7, Eureka said it received an all-share offer from Celtic, offering 5
Celtic shares for every 16 Eureka shares valuing each Eureka share at 53.4
pence, based on a Celtic share price of 171 pence.
The enlarged group will have two operating gold mines and an operating
molybdenum mine, all in the same region of Kazakhstan, allowing for substantial
cost savings