Trading Bougainville Copper (ADRs) 867948
von Thomas Godt
Dienstag 11.01.2011, 09:24 Uhr New York (BoerseGo.de) - Wenn die Analysten des Hauses Goldman Sachs sich zu Wort melden, hört die Investment-Welt genauer hin. Jüngst haben die Experten der US-Bank ihre Erwartungen für die nahe Zukunft aktualisiert. Geändert hat sich die Einschätzung für kurzfristige Investments (ein bis drei Monate) bei Rohstoffen. Dort raten die Analysten zur Vorsicht und stufen Rohstoffe auf "neutral" ab. Auf Sicht von sechs bis zwölf Monaten hingegen bleibt es bei der positiven Einschätzung für Rohstoffe. Hier vergeben die Analysten nach wie vor das Urteil "übergewichten". Goldman Sachs erwartet, dass das knappe Angebot und die steigende Nachfrage für weiter steigende Preise auf mittlere Sicht sorgen werden wird.
Source:
The National- Tuesday, January 11, 2011
By ISAAC NICHOLAS
PARLIAMENT will resume this afternoon to start the process for the election of a new governor-general.
The Supreme Court, on Dec 10 last year, ruled the election of Sir Paulias Matane unconstitutional and ordered parliament to meet immediately and elect a new GG.
Acting Speaker Francis Marus would call for nominations to open when parliament resumes at 2pm today. He would then adjourn for 10 days to allow candidates to seek a proposer and the signatures of 15 members of parliament backing their candidacy.
All nominees would then be screened to ensure all requirements were met. The names would then be returned to parliament for votes to be taken through the secret ballot.
The office of the clerk said it all depended on the acting speaker, who may adjourn for three days or 10 days, for the vote to take place.
Candidates who have indicated their interests included Sir Paulias, Ronald Rimbao, Sir Pato Kakaraya, Sir Makena Geno, radio personality Justin Kili, former Morobe premier Enny Moatz, Sir Matiabe Yuwi and Sir Barry Holloway.
The office of the clerk was expecting between four and six candidates to pass the elimination process, given that 15 MPs had to sign in support of only one candidate.
Meawnhile, acting governor-general and Sinasina-Yongomugl MP Jeffrey Nape said yesterday that due to family matters, he had been on leave and would not preside over today’s parliament proceedings.
“When the Supreme Courts made its ruling, I was acting governor-eneral.
“With respect to the office of the governor-general, I refrain from making political statements.”
Nape said he was confident that Marus would preside over tomorrow’s proceedings without a problem.
“It must be made known that the acting speaker will do his job and no one must mislead the public.
“The procedures of the election of the governor-general have been made clear by the Supreme Court so the mistakes will be rectified and the country will have a governor-general who will be properly elected by parliament.”
Copper also came off of its yearly high as the base metal traded down to $4.20 after rallying to $4.50 the previous week. A lot of profit taking occurred but this week will be a week to value buy on the dip so look at long opportunities in this base metal here and even around $4.00 if it can get there. Copper needed some liquidation and I believe this is a great opportunity to buy.
vornimmt!!!
Für ein Global tätiges Unternehmen eine Frechheit, das kanns doch nicht sein, das dieser Möglichkeit komplett ausgeschlossen ist.
Auch das ich mit einer Gebühr für die Eintragung einverstanden wäre half nichts.
Hat aber keinen wirklichen Einfluß auf Panguna. Ich bleibe weiter zuversichtlich.
So oder so geht kein Weg an einer Öffnung vorbei.
Hatten wir den schon:
http://malumnalu.blogspot.com/2010/12/...to-restart-bougainville.html
TALKS are under way on reopening one of the world's biggest copper and gold mines, on Australia's doorstep -- the Bougainville mine that last produced ore 22 years ago and was widely believed to have closed forever.
The seemingly unstoppable China-driven commodities boom has pushed up prices, so the reserves in the Bougainville pit are now worth about $50 billion.
Its port, its access road up 30km of rugged terrain and its 200 million tonnes of pre-stripped ore are ready and waiting.
Crucially, leaders on Bougainville -- including former combatants and elected politicians -- are all calling for the mine to reopen, although they have yet to agree on the conditions they require.
"The key to the door," Bougainville Copper chairman and managing director Peter Taylor said, "is the landowners."
Nothing could happen "until they say to BCL, as a united group, 'We want the mine and we want you to run it' ".
"Then I'll focus on the process that would follow."
Veteran politician and former Catholic priest John Momis, the recently elected President of Bougainville -- an autonomous region of Papua New Guinea -- said: "We are keen to reopen the mine and we are holding talks with the landowners."
BCL's share price has doubled since August and trebled since May, as canny investors have watched vital and promising talks begin.
Bougainville Copper, which is 53.58 per cent-owned by Rio, 19.06 per cent by the Papua New Guinea government and 27.36 per cent by other shareholders, estimates it will cost about $3bn to reopen the mine, whose production was suspended on May 15, 1989.
The trucks and the electricity pylons may have been blown up, rusted or cannibalised, but the resources in the mine have not been damaged or diminished over the past 21 years. It contains 3.5 million tonnes of copper, today worth about $32.4bn, and 12.7 million ounces of gold, worth today about $17.8bn.
There are more reserves beyond the pit but still in the mine lease area.
The mine as presently configured is capable of producing up to 170,000 tonnes of copper and 500,000 ounces of gold annually.
The copper price has quadrupled since the mine closed, the gold price seven times.
The values of the two metals have usually run counter-cyclically, but this year they have peaked together.
But the cost of capital is also high, and is likely to come at a premium given the tumultuous history of the mine.
Former Australian prime minister Bob Hawke, who has close Chinese commercial connections, in late November visited Port Moresby, where he talked with Prime Minister Michael Somare and Mr Momis.
The discussions included plans to reopen the Bougainville mine.
After leading a Bougainville delegation of 34 on a visit to China, where he was once the PNG ambassador, Mr Momis said: "The Chinese have expressed an interest in the mine, but we are keeping all our options open."
The overwhelming focus of 40 years ago on the mine as a national economy maker or breaker is no longer present.
It would remain the crucial income earner for Bougainville itself, but for PNG the spotlight has shifted to the $16.5bn ExxonMobil-led venture piping gas from the Southern Highlands to Port Moresby, where it will be liquefied for export to Asia. This is by far the biggest project ever conceived in the Pacific islands.
In this context, Port Moresby might more readily contemplate transferring its 19 per cent ownership of Bougainville Copper to the island itself -- where preliminary discussions have contemplated the autonomous government retaining 60 per cent, and the landowners taking 40 per cent.
On a pro rata basis, the owners of PNG's 19 per cent share would have to raise $570 million towards the mine's reopening.
It is possible Chinese entities, eager to obtain reliable sources of resources, may be prepared to help fund it, either in return for equity, or for future copper output.
http://marrichiweu.wordpress.com/2011/01/11/...-solidarity-gathering/
Declaration of the People’s Solidarity Gathering and Commitments to Actions
[...]
Thirdly, we declare our support for the resolutions reached during the Melbourne Gathering, the main points of which include:
[...]
• The campaign against the reopening of Rio Tinto’s Paguna mine in Bougainville.
[...]
"Bougainville contains 3.5 million tonnes of copper, today worth about $32.4bn, and 12.7 million ounces of gold, worth today about $17.8bn."
Eine (theoretische) chinesische BCL Übernahme würde im Durchschnitt 7 Mia für Kupfer u.3,8 Mia (300 USD/oz) erbringen oder 27 USD/Share,genau den Wert den Anil,der Berater der Landeigner im "Landowners Proposal" als Wert bei Produktionsbeginn errechnet hat.;-))))
Gruß joebo
ich hatte gestern "meiner" Dame von der ING-DiBa telef den Auftrag erteilt, meine Stücke eintragen zu lassen mit dem deutlichen Hinweis, dass es über Clearstream Lux geht(!).
Sie hatte die Order ohne einen Hinweis in diese Richtung ... "tun wir nicht" ... angenommen.
Ich warte mal ab.
Ansonsten werde ich denen erst einmal ein wenig Honig ... (sprich "Zucker")
unter die Nase reiben ...
wenn dieses nix hilft, bekommen sie "Pepper" :lol: ... (sprich die "Peitsche") :lol:
Lt Auszug aus dem Preis- und Leistungsverzeichnis -Wertpapierverwaltung-
ist eine Eintragung ins Aktionärsregister KOSTENLOS!!!
(steht dort explizit drin, ist für die also etwas normal alltägliches!!!)
Eine Einschränkung auf deutsche/europäische Unternehmen ist dort auch nirgends(!) zu finden.
ERGO ..... alle Unternehmen, alle Erdteile !!!
... und lt. Nekros Aussage geht es problemlos über CS Lux. (das hatte ich ihr auch "vorgebetet") ... :lol:
Versuche nochmals dein "Glück"
Hier ein interessanter Reisebericht von Ende November 2010 mit zahlreichen Bildern von Mine und Equipment:
http://www.myamazingparadise.com/?p=201〈=en-us
Danke für den Bericht,ich frage mich wofür die 3 MRD. brauchen,ist doch alles gut in Schuss.
Bald wird etwas passieren,sicher!!
Bin auch überrascht, wie es dort aussieht! Man hat ja so seine Vorstellungen...!
Poste den Link mal auf HC unter BOC u.RT, u. dann voten,die Aussis haben auch garantiert komplett falsche Vorstellungen über die Situation vor Ort.
nekro, gute Idee. Das wollte ich grad machen, hat aber schon jemand erledigt:
http://www.hotcopper.com.au/...id=1&tid=1353858&msgid=7625172
http://www.hotcopper.com.au/...id=1&tid=1353876&msgid=7625238
Source:
The National- Wednesday, January 12, 2011
By ISAAC NICHOLAS
and JEFFREY ELAPA
THE proposed vote of no-confidence by the opposition against Prime Minister Sir Michael Somare and his government will not take place.
The opposition yesterday failed to deliver a motion on the proposed vote to the office of the acting Speaker, Francis Marus, despite an assurance by senior opposition member Sir Puka Temu.
As such, Marus declared that he would not entertain any other business except that of the election of a new governor-general.
Parliament resumed yesterday afternoon and called for nominations for the position of governor-general.l
Soon after, the government caucus met and penned 47 signatures on the nomination form for North Bougainville MP and Higher Education Minister Michael Ogio to contest as its candidate.
Parliament was recalled following a Supreme Court ruling last month declaring the reappointment of Sir Paulias Matane as unconstitutional.
During that period, from Dec 10 last year, the opposition had publicly made known its intention to try and push through a vote of no-confidence motion against the government of Prime Minister Sir Michael Somare.
Acting parliament Speaker Francis Marus had fixed Friday at 10am as the time and day for the secret ballot to be conducted.
The clerk’s office was swamped with more than 15 candidates rushing to obtain the nomination forms to be filled and handed in by 4pm today after complying with all the requirements.
Candidates vying for the position had swamped the corridors of parliament after nominations opened as they dashed from one MP’s office to another looking for signatures.
They were required to collect 15 signatures to make them eligible to contest the vice-regal’s chair.
Their first stop was at the clerk’s office for the nomination forms before dashing off in search of MPs. One MP could only back one candidate, with six possible nominees expected by the offices of the clerk and acting speaker of parliament.
Among those sighted were Ronald Rimbao, Sir Pato Kakaraya, Sir Makena Geno, Sir Matiabe Yuwi, Sir Barry Holloway, Kagul Korowa and women candidates Enny Moatz and Winnie Kiap.
Marus said the election of the vice-regal would take precedence over all other businesses in compliance with the court order.
He said this was an emergency situation, under section 88(4) of the constitution, and the only business would be to vote in a new GG.
The government yesterday muscled up its numerical strength of more than 67 members for a quorum to start the session, with opposition members slowly walking in as the acting speaker made his nomination statement.
Leader of government business Paul Tiensten said last night that the election of the governor-general would take precedence.
He admitted that the government did not have any other business to deal with until May when parliament next meets.
“The recall of parliament is restricted only for the GG’s election.”
He urged that the process of nomination be completed between now and Friday and not subjected to legal challenges in future.
“Our job is to ensure the process goes smoothly and is not derailed again.
“The government needs to show solidarity and maturity by resolving to have one candidate in on Friday.”