Je le mets ici, car.....pourrait s'emboiter ??

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phili675

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Message Ven 25 Nov 2011 13:21

Je le mets ici, car.....pourrait s'emboiter ??

Auj. à 11:21
Berkeley Mineral in talks over new Zambia acquisition

Berkeley Mineral Resources (LON:BMR) said today it is advanced discussions over a significant copper tailings acquisition in Zambia.

There were no other details other than extensive data already exists but Berkeley said the acquisition would require substantial new investment.

The Zambia-focused group also added it is advanced stage negotiations to acquire a licence to all of the residual underground ore bodies remaining at the closed Kabwe mine, together with the infrastructure.

The ore estimate is in excess of 22 million tonnes comprising 1.2 million tonnes of zinc, lead, silver, cadmium and other valuable minerals, BMR said.

The firm bought all of the outstanding above-ground stockpiles at the lead-zinc-silver tailings project in June for a total cash consideration of £6.6m.

Earlier this month, it revealed it would sell the washplant tailings without further processing due to the high cost of a dedicated washplant flotation plant and the need to remove the potentially polluting material from site as soon as possible.

The sales would also bring in “substantial regular cash flow” as well as speeding up the pre-feasibility study on plans for a leach plant at Kabwe. There was also an upgrade in measured resource to 573,458 dry tonnes from 503,189 previously.

Washplant sales are planned to start in the first quarter of 2012 and BMR is negotiations with potential off-take partners for the supply of zinc and lead concentrates.

Chairman Masoud Alikhani said: “The outlook for the company is positive. We have acquired the rights to above-ground stockpiles containing substantial amounts of metal. Entering production of our first long-life project at Kabwe, with cash generation scheduled to commence in the first quarter of 2012, will transform BMR into a significant base metal supplier.”

For the year ended 30 June 2011, Berkeley posted a loss of £2.5 million before tax compared with a loss of £0.5 million for the prior year. Net assets at the year-end were £18.6 million (2010: £0.3 million).

Kabwe, formerly known as Broken Hill, is located 130 kilometres north of Lusaka, the capital of Zambia.The mine occupies three square kilometres south of town. Discovered in 1902 Kabwe commenced operations two years later with the mine closing in 1994.
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phili675

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Message Ven 25 Nov 2011 14:24

Re: Je le mets ici, car.....pourrait s'emboiter ??

Vedanta Resources loses more than 4% as Deutsche analyses its debt position
Bank cuts target price for Indian miner, and looks at the state of its finances


reddit this
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Vedanta Resources is coming under pressure on concerns about its debt levels.

In a climate where investors are increasingly worried about company finances and possible breaches of banking covenants, Deutsche Bank has opened up a debate around Vedanta.

The bank's analyst Grant Sporre has cut his target price from £21 to £16.70 but kept his buy recommendation. However his analysis of the company's debt has brought the issue to the attention of the market, and Vedanta's shares have dropped 43p to 912p. He said:

We believe the key question for investors is whether Vedanta will breach covenants and whether the subsidiaries can service the parent level debt. In our view this depends increasingly on a robust oil price, as Cairn India [which Vedanta is buying] will need to provide the majority of dividends to service parent level interest payments. We estimate commodity prices will need to fall by another 15% and stay at these levels for 2013 before Vedanta is likely to breach covenants. Much of this risk is priced in already in our view.
He gives more detail on the effect on Vedanta's finances of falls in the price of oil and other commodities:

Given the recent sharp fall in commodity prices, we have conducted a stress-test to ascertain at which commodity prices Vedanta will breach its 2.75 times net debt to EBITDA covenant condition in 2013. These are: Oil (Brent) at $85 a barrel (25% below spot), iron ore fines $100 a tonne (22% below spot), copper at 280cents a pound (15% below spot), zinc at 80 cents a pound (10% below spot) and aluminium at 95 cents a pound (2% above spot). Under this scenario, we estimate that Vedanta's net debt will rise over the next two years to more than $12bn, and the net shortfall in attributable interest payments is likely to be around $260m per annum.
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mgauthi4

Messages: 3181

Inscription: Dim 6 Sep 2009 20:50

Message Ven 25 Nov 2011 15:14

Re: Je le mets ici, car.....pourrait s'emboiter ??

la pression monte sur VED

La mise sur le marché de KCM devient innéluctable ...

les intros sur ce genre de valeurs minières sont encore possible , le marché reste friand ....de bien tangibles ...

reste que Anil ne pourra peut être pas en tirer ce qu'il attendait ..

mais fallait ce decider au bon moment ....!!!
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Le Niçois

Messages: 1954

Inscription: Lun 7 Sep 2009 22:10

Message Ven 25 Nov 2011 21:26

Re: Je le mets ici, car.....pourrait s'emboiter ??

niveau d'endettement bientôt insoutenable.

Il faudra qu'Anil mette plus de KCM dans la corbeille d el'IPO. Il pourrait y avoir une légère dilution si la mise en % de Kcm en Bourse se révèle plus importante.
Mais au vu de l'évaluation actuelle de Mlzam , ça ne pourra que booster Zccm-ih !
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bingogo

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Message Ven 25 Nov 2011 22:44

Re: Je le mets ici, car.....pourrait s'emboiter ??

la baisse du prix du cuivre et du reste des mp va rogner le cash flow de Vedanta et le mettre en situation délicate pour ses futurs investissements...

Sa dégradation entrainerait alors immédiatement un surcoût important pour le financement de ses futures acquisitions et pour son développement.

KDEEP a besoin de beaucoup d'argent, elle est endettée, à un moment ou l'autre il sera plus intéressant pour VEDANTA de mettre KCM/KDEEP/KR en bourse quelle que soient les conditions de marché, plutôt que de s'asphyxier financièrement...

Si tel est le cas, nous serons récompensé de notre attente. Attendons déjà la validation finale de l'achat de CAIRN par VEDANTA fin décembre...



Je pense que la situation pourrait aussi changer du coté de FQM...

de ce coté là deux événements pourraient arriver :

- Mise sur le marché de Kansanshi ou OPA sur FQM ?...

FQM détient un bijou qui ne va cesser de progresser

Une OPA sur FQM d'ici deux ans est possible car la hausse de la production et le projet sentinelle doit faire beaucoup d'envieux...
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cphil31

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Inscription: Ven 18 Sep 2009 07:43

Message Lun 28 Nov 2011 09:59

Re: Je le mets ici, car.....pourrait s'emboiter ??

bingogo a écrit:Je pense que la situation pourrait aussi changer du coté de FQM...

de ce coté là deux événements pourraient arriver :

- Mise sur le marché de Kansanshi ou OPA sur FQM ?...

FQM détient un bijou qui ne va cesser de progresser


Ou/et montée de la participation de ZCCM-IH en échange des minority interests. Cela nous ferai du bien. Cela permettrai au GRZ de montrer qu'il mettent leurs actes derrière leurs paroles, cela assainirai la situation entre FQM et ZCCM-IH et cela montrerai la voie pour les autres exploitants.

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