wenn ich mir die Nachrichten der letzten Wochen anschauen, so klingen diese eher positiv, als negativ...aber trotzdem ist der Kursverlauf ein Jammerspiel...das Ding ist ne richtig Gurke...egal mit oder ohne Div.
Global mining sector facing ‘crisis of confidence’: Hein Boegman - mining leader for Africa, PwC
HILTON TARRANT: The 10th edition of PwC’s Annual Global Mining Survey, entitled “Mine: A Confidence Crisis” came out today. It paints a bleak picture of a sector facing flat revenues, declining profits and share prices at their lowest levels in years and sometimes decades. Hein Boegman is PwC’s mining leader for Africa. The survey uses financial information for the 2012 financial year. Hein, some of that stretched back into 2011 and, looking at the top 40 mining companies in the world, obviously that includes Anglo American and BHP Billiton. Of local interest, AngloGold Ashanti, Gold Fields and Impala Platinum are included in that sample of 40 companies. This report paints almost a complete loss of confidence in nearly every aspect of the mining sector.
HEIN BOEGMAN: Thank you first of all for the opportunity, Hilton. If we look back to 2005, when we spoke about the entering of the Dragon, the China interest into the mining industry, then the good times rolling up to 2008, when it got ugly and when “The going gets tough” was our title then, back to the boom and the rebound in the last two or three years, with this growing disconnect. And this year we call it a “confidence crisis” in that the market seems to be valuing companies at a particular level, whereas the industry seems to think that some of the good things that they are doing go unrewarded. And I think that is perhaps where this disconnect comes from..
The Perkoa Project is a joint venture between Glencore International (project manager), Blackthorn and the Burkina Faso Government (10% free carried) which is currently developing the first large-scale underground base metals mine in the country.
(Reuters) - Switzerland's Glencore Xstrata Plc will scoop up more than half of U.S. cotton exchange stocks, a purchase worth more than $150 million, in the commodity trader's biggest push into fiber since losing $300 million in the volatile market three years ago, U.S. traders said on Wednesday.
Jiangxi Copper interested in Glencore's Peru mine - sources
People familiar with the matter say Jiangxi Copper is interested in buying the Las Bambas copper mine in Peru
Posted: Friday , 23 Aug 2013 HONG KONG (REUTERS) -
China's top copper producer Jiangxi Copper Co Ltd is interested in buying Glencore Xstrata Plc's $5 billion-plus Las Bambas copper mine in Peru, people familiar with the discussions told Reuters.
Jiangxi may eventually team up with either Chinalco Mining Corp International or MMG Ltd, which are also evaluating bids for the mine, one of the sources said.
All the sources declined to be identified due to the confidential nature of the discussions.
Glencore has invited first round bids for the Las Bambas mine by mid-September, and hopes to complete the process by the end of this year. Glencore agreed to sell the mine in return for Beijing's blessing for Glencore's $35 billion purchase of Xstrata.
Under a deal struck with Beijing's Ministry of Commerce in April, Glencore has until end-August 2014 to find a buyer but Glencore CEO Ivan Glasenberg said this week he hoped to reach a sale agreement by the end of this year.
Chinalco Mining Corp is working with Goldman Sachs and Morgan Stanley for its planned bid, while MMG has engaged Citigroup and Bank of America Corp, the sources said.
Glencore did not reply to an email seeking comment for this story. MMG and Jiangxi declined to comment.