http://finance.sina.com.cn/money/future/20091012/13306827187.shtm...

http://finance.sina.com.cn/money/future/20091012/13306827187.shtml

"Global Mining and Analysis" rebound in metals prices to improve the prospects for small-scale mining firms, but the industry still opportunities for mergers and acquisitions http://www.sina.com.cn 2009Äê10ÔÂ12ÈÕ 13:30 ½ðÅ£²Æ˳ http://www.sina.com.cn 2009 Nian 10 Yue 12 Ri 13:30 Taurus Choi Soon ·͸Ïã¸Û10ÔÂ9ÈÕµç---×î½üÍ­¡¢Ð¿µÈ½ðÊô¼Û¸ñ³ÖÐø¸´ËÕ,ÖÚ¶àСÐÍÐÂÐË¿óÆóÇ°¾°µÃµ½¸ÄÉÆ,¸ÃÐÐÒµ¼´½«ÉÏÑÝÒ»²¨ÕûºÏÀ˳±µÄÔ¤ÆÚÒàÒò´Ë½µÎÂ. Reuters, Hong Kong, October 9 - --- Recently copper, zinc and other metal prices continued to recover, many small-scale mining enterprises in emerging prospects for improvement, the industry will be staged at the expected wave of consolidation and hence the wave of cool.

¶àλ·ÖÎöʦºÍͶ×ÊÒøÐÐÈËÊ¿±íʾ,²ÆÎñÎȽ¡µÄ´óÐÍ¿óÆóÊÕ¹ºÏÝÈëÀ§¾³µÄСÐ;ºÕù¶ÔÊֵIJ½·¥ÕýÔÚ·Å»º. Many analysts and investment bankers said the financial stability of large-scale mining firms acquire smaller rivals struggling pace is slowing.

¶ÌÆÚÄÚ,²¢¹º½»Ò×Ö÷Òª½«Î§ÈÆÓûÀûÓÃÖйúÐèÇó¾çÔöµÄ»úÓö,ÇÒÓйæÄ£À©ÕÅ¡¢»ù´¡ÉèÊ©½¨Éè¼°¶àÑù»¯¾­ÓªÐèÒªµÄÍ­½ð¿óÆóºÍÌú¿óʯÆóÒµÕ¹¿ª. The short term, M & A transactions will mainly want to use China's surge in demand around the opportunity, and there is the scale expansion, infrastructure development and diversification needs of copper and gold prices and iron ore have undertaken.

ÊÜ»ÝÖйúÕþ¸®ÊÕ´¢¼°ÆäÍƶ¯µÄ»ù´¡ÉèÊ©½¨ÉèͶ×Ê,Â׶ؽðÊô½»Ò×Ëù(LME)Èý¸öÔÂÆÚÍ­ Benefit from the Chinese government purchasing and storage infrastructure and promoting investment in the London Metal Exchange (LME) three-month copper (48890,-190.00,-0.39%)¼Û¸ñMCU3ÖÁ½ñÒÑÕÇÓâÒ»±¶,ÖÁÿ¶Ö6,150ÃÀÔª. Price MCU3 has gained more than doubled, to 6,150 U.S. dollars per ton.

»Æ½ð Gold (232,0.55,0.24%)¼Û¸ñXAU=½ñÄêÆù½ñÒàÒÑÕÇÔ¼20%,²¢ÓÚÉÏÖÜËÄ´¥¼°Ã¿°»Ë¾1,050ÃÀÔª¼Ûλ,µÃÒæÓÚÊг¡¶ÔÆ£ÊÆÃÀÔªµÄ¶Ô³å²Ù×÷. XAU = price so far this year have been up about 20%, and in last Thursday hit 1,050 U.S. dollars an ounce price, due to market weakness in U.S. dollar hedging operations.

¼øÓÚ½ðÊô¼Û¸ñµÄ¶ÌÆÚÇ°¾°Á¼ºÃ,¿ÉÄܳöÏÖµÄ(²¢¹º)½»Ò×½«ÊdzöÓÚÕ½ÂÔÐÔ¿¼ÂÇ,¶ø·ÇÆóÒµÏÝÈëÀ§¾³µÄ½á¹û. In view of the short-term metal prices are good prospects that may arise (M & A) transactions will be out of strategic considerations, rather than the result of troubled companies.

Àﰺ֤ȯ(CLSA)·ÖÎöʦMatthew WhittallÕë¶ÔСÐÍ¿óÆóµÄÕûºÏ±íʾ,"ºÜÄÑÕÒµ½´ß»¯¼Á,ÓÈÆäÊÇÔÚÊг¡Çé¿öÕýÔÚ¸ÄÉƵÄʱºò." CLSA (CLSA) analyst Matthew Whittall for the integration of small-scale mining firms, said, "It is difficult to find a catalyst, especially at a time when market conditions are improving."

"Ôڻƽð¼Û¸ñ²»¶Ï×߸ß,ÇÒÖйú¶ÔÌú¿óʯÓнϴóÐèÇó±³¾°ÏÂ,СÐÍ¿óÆóºÜ¿ÉÄÜÓÐÁËÏ൱³Ì¶ÈµÄ¶ÀÁ¢ÐÔ,Íù»Ø¿´µÄ»°»òÐíÊÇÄøºÍпµÈ»ù±¾½ðÊô²úÉÌ,µ«ÕâÒ²ÒÑÊÇÁù¸öÔÂÇ°µÄÇé¿öÁË",Ëû˵. "The gold price continued higher, and there is greater demand for iron ore in China against the background of the small mining enterprises are likely to have a considerable degree of independence, back to see if perhaps the base metals such as nickel and zinc producers, but also is the same situation six months ago, "he said.

·ÖÎöʦ±íʾ,ÔÚµ±Ç°¼Û¸ñ»·¾³ÏÂ,°ÄÖÞ¡¢ÑÇÖ޺ͷÇÖÞµÄСÐÍÍ­¿óºÍ»Æ½ðÆóÒµ»ò»á½øÐÐÕûºÏ,ÒÔ¼õÉÙÒµÎñ¹ýÓÚÒÀÀµµ¥Ò»¿óÖֵķçÏÕ. Analysts said that at the current price environment, Australia, Asia and Africa, small-scale copper and gold companies may be integrated in order to reduce the business risk of over-reliance on a single mineral.

ÓзÖÎöʦÈÏΪ,רעÓÚ·ÆÂɱöÊг¡µÄÍ­½ð¿óÆóMedusa Mining(MML.AX: ÐÐÇé),¼°×¨×¢ÓÚÎ÷·ÇµÄп½ðÆóÒµAmpella(AMX.AX: ÐÐÇé),»ò»áÊÇÑ°ÇóÓëͬҵºÏ×÷µÄÆóÒµ. Some analysts believe the market focused on copper and gold prices Philippines Medusa Mining (MML.AX: Quote), and focus on West Africa zinc-gold business Ampella (AMX.AX: Quote), or will be seeking business with the same industry to .

ÑÇÖ޺ͰÄÖÞÊг¡ÒàÓд«ÑÔ³ÆOZ Minerals (OZL.AX: ÐÐÇé)¡¢Kingsgate Consolidated (KCN.AX: ÐÐÇé)¡¢PanAus Limited (PNA.AX: ÐÐÇé)ºÍÖлª·¢Õ¹(1051.HK: ÐÐÇé)»ò»áÕ¹¿ªºÏ×÷,Òò¸ÃЩÆóÒµ¾ùÔÚŬÁ¦À©´ó¹æÄ£²¢Ñ°Çó¿óÖֵĶàÑù»¯. Asian and Australian markets were also rumors that OZ Minerals (OZL.AX: Quote), Kingsgate Consolidated (KCN.AX: Quote), PanAus Limited (PNA.AX: Quote) and the China Development (1051.HK: Quote), or will carry out co-operation, because these enterprises are in efforts to expand the scale and diversification to find minerals.

OZ MineralsÄ¿Ç°¾­Óª×Å°ÄÖÞµÄÍ­½ð¿ó³¡Prominent Hill;KingsgateÔËÓª×ÅÌ©¹úµÄ»Æ½ð¿ó³¡Chatree;PanAusÔòÓµÓÐÀÏÎεÄPhu KhamÍ­½ð¿ó;Öлª·¢Õ¹ÒàÔËÓª×ÅÓ¡¶ÈÄáÎ÷ÑǵĽðÒø¿óÏîÄ¿Martabe. OZ Minerals currently operates a copper-gold field in Australia Prominent Hill; Kingsgate operates gold mines in Thailand Chatree; PanAus holds a Lao Phu Kham copper-gold mine; China also operates the development of gold and silver mining project in Indonesia Martabe.

È«Çò¿óÒµ¾ÞÍ·Á¦ÍØ(RIO.AX: ÐÐÇé)ÐÐÕþ×ܲÃBret Clayton½ÓÊÜ·͸²É·Ãʱ±íʾ,Õý»ý¼«Ñ°ÇóÊÕ¹ºÍ­¿óÏîÄ¿,ÒÔ³ä·ÖÀûÓÃÖйú¶Ô¸Ã½ðÊôµÄ³¤ÆÚÐèÇó. Global mining giant Rio Tinto (RIO.AX: Quote) chief executive Bret Clayton said an interview with Reuters, is actively seeking to acquire copper projects in order to take full advantage of China's long-term demand for the metals.

"ÎÒÃÇÒ»Ö±ÔÚÑ°ÇóͶ×Ê»ú»á--´ÓÈÔ´¦ÔçÆÚµ½ÒÑͶÈëÔËÓªµÄÏîÄ¿×ʲú",Clayton˵µÀ,"Äê²úÁ¿×îºÃÔÚ20-25Íò¶ÖÒÔÉÏ." "We are always looking for investment opportunities - from the still early to project assets have been put into operation", Clayton said, "preferably in the 20-25 million tons of annual output of more than."

СÐÍÏîÄ¿·½ÃæÔòÓдóÊÜ×·ÅõµÄCape Lambert (CFE.AX: ÐÐÇé)À¥Ê¿À¼Lady AnnieÍ­¿óÏîÄ¿,¸ÃÏîÄ¿½ñÄê5ÔÂÓÉÄ¿Ç°Òѵ¹±ÕµÄCopperCoÊÛÓèCape Lambert,Ö®ááÍ­¼Û¿ªÊ¼³öÏÖ³ÖÐø»ØÉý¼£Ïó. Small-scale projects to a greater sought after Cape Lambert (CFE.AX: Quote) Queensland Lady Annie copper project in May this year, has been closed down from the current CopperCo sold Cape Lambert, after the copper price began to appear signs of sustained recovery.

Cape LambertÔÚ8Ôµ×Ðû²¼Lady AnnieÏîÄ¿µÄÊ״ι«¿ª·¢ÐÐ(IPO)¼Æ»®,²¢³ÆÒÑÓÐÆßλÂò¼Ò±í´ï³öÐËȤ. Cape Lambert announced by the end of August at the Lady Annie project's initial public offering (IPO) plan, adding that buyers have already expressed interest in seven.

DJ Carmichael·ÖÎöʦJames WilsonÕë¶ÔLady AnnieÏîÄ¿±íʾ,"ËûÃÇÕý»ý¼«ÏòÆäËûÈËÍÆÏúÕâ¸öÏîÄ¿,δÀ´Ò²¿ÉÄÜ»áÍƶ¯Õâ¸öÏîÄ¿ÉÏÊÐ,»òÒÔÆäËû·½Ê½´´Ôì¼ÛÖµ." DJ Carmichael analyst James Wilson for the Lady Annie Project, said, "They are actively marketing the project to other people, the future may also move the project forward market, or otherwise to create value."

"Èô²»ÊÇÈ«Çò½ðÈÚΣ»ú±¬·¢,Í­¼ÛºÍ¸÷ÖÖ¶Ô³å´ëÊ©¶¼±»Å¤Çú,Õâ¸öÏîÄ¿»áºÜֵǮ",Ëû˵. "If the global financial crisis, copper and various hedging measures have been distorted, this project will be very valuable," he said.

**Ìú¿óʯÆóÒµ** ** Iron Ore Company **

ÔÚÍ­½ð¿óÆó¼Æ»®´ÓÖйúµÄ³¤ÆÚÐèÇóÖÐıȡºÃ´¦Ê±,Ìú¿óʯÆóÒµÒ²ÔÚ¾ºÏàתÏòÖйú¸ÖÆó,ÒòÖйúÒÔÍâµØÇøµÄ¸ÖÌú²úÁ¿ÔÚ½ðÈÚΣ»ú´ó·ùÏ÷¼õáḴËÕ»ºÂý. Enterprise projects in the copper and gold from China to reap the benefits of the long-term demand, the iron ore companies are racing to turn to China steel prices, due to outside China's steel output in the sharp reduction of the financial crisis after a slow recovery.

ΪÓÐЧµØÓëµ­Ë®ºÓ¹È(VALE.N: ÐÐÇé)(VALE5.SA: ÐÐÇé)¡¢Á¦ÍØ(RIO.L: ÐÐÇé)ºÍ±ØºÍ±ØÍØ(BHP.AX: ÐÐÇé)(BLT.L: ÐÐÇé)µÈ¿óÆó¾ÞÍ·Õ¹¿ª¾ºÕù,һЩСÐÍÌú¿óʯÆóÒµ»ò½«Ñ¡ÔñºÏ×÷ÒÔÔö¼Ó²úÁ¿²¢¹²Ïí»ù´¡ÉèÊ©. To effectively deal with CVRD (VALE.N: Quote) (VALE5.SA: Quote), Rio Tinto (RIO.L: Quote) and BHP Billiton (BHP.AX: Quote) (BLT.L: Quote) and other mining enterprises giants competition, a number of small iron ore companies or to opt for cooperation in order to increase production and share infrastructure.

Àﰺ֤ȯ·ÖÎöʦWhittall±íʾ,"ÔÚÌú¿óʯ·½Ãæ,»ñÈ¡»ù´¡ÉèÊ©Ê®·ÖÖØÒª." CLSA analyst Whittall said, "iron ore, the importance of access to basic facilities."

²¿·Ö·ÖÎöʦ±íʾ,FerrAus(FRS.AX: ÐÐÇé)¡¢Iron Ore Holdings(IOH.AX: ÐÐÇé)¡¢Giralia(GIR.AX: ÐÐÇé)ºÍUnited Minerals Corporation(UMC.AX: ÐÐÇé)µÈ°ÄÖÞСÐÍÌú¿óʯÆóÒµ»ò½«×é³ÉÁªÃË. Some analysts say that, FerrAus (FRS.AX: Quote), Iron Ore Holdings (IOH.AX: Quote), Giralia (GIR.AX: Quote) and United Minerals Corporation (UMC.AX: Quote) and other smaller iron ore companies in Australia or to form alliances.

½ñÄê9ÔÂ,FerrAusºÍUnited Minerals¾ùÓëÖйú´ï³ÉááÕßÌṩ×ʽð°ïÖúÒÔ»»È¡Ìú¿óʯ¹©Ó¦µÄЭÒé. This year in September, FerrAus and United Minerals are reached with China, which provides financial assistance in exchange for iron ore supply agreement.

´ËÇ°°ÄÖÞµÚÈý´óÌú¿óʯ²úÉÌFortescue (FMG.AX: ÐÐÇé)ÒàÓëÖйú´ï³É¹©Ó¦Ð­Òé,ÒÔ»ñµÃ¸ß´ï60ÒÚÃÀÔªµÄÖз½×ʽð,Fortescue³Æ¸Ã²¿·Ö×ʽð½«ÓÃÓÚÌá¸ß¹«Ë¾²úÄÜÖÁÄ¿Ç°µÄÈý±¶;FortescueÄ¿Ç°µÄÌú¿óʯÄê²úÁ¿Îª3,000-4,000Íò¶Ö.[ID:nCN0685897] Prior to Australia's third-largest iron ore producers Fortescue (FMG.AX: Quote) has reached a supply agreement with China in order to obtain up to 60 billion dollars in the Chinese capital, Fortescue said the part of the funds will be used to enhance the company's production capacity three times to the present ; Fortescue The current annual output of 3,000-4,000 million tons of iron ore. [ID: nCN0685897]

DJ Carmichael·ÖÎöʦWilson±íʾ,"Ϊ½¨Éè»ù´¡ÉèÊ©ºÍÕâЩ´óÐÍÏîÄ¿,¿óÒµÆóÒµÐèÒª´óÁ¿µÄ×ʽð...Ä¿Ç°ÕûºÏʱ»ú³ÉÊìµÄÒ»¸öµØ·½ÊÇƤ¶û°ÍÀ­Ð¿ª·¢µÄÌú¿ó."(Íê) DJ Carmichael analyst Wilson said, "to build infrastructure and these large-scale projects, mining companies need a lot of money ... now the time is ripe for an integrated place is a new development of Pilbara iron ore." (End)