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Koperdraad

236 Posts
Pagina: «« 1 ... 4 5 6 7 8 ... 12 »» | Laatste | Omlaag ↓
  1. forum rang 10 DeZwarteRidder 18 augustus 2018 10:16
    quote:

    haas schreef op 18 augustus 2018 10:09:

    freeport is afgelopen periode sterk gedaald
    www.marketwatch.com/story/these-us-st...
    ================================
    POSTED BY: BEURSAANDELEN 17 AUGUSTUS 2018

    Sinds enige tijd zijn de grondstofprijzen van edelmetalen zoals goud, zilver en koper in vrije val. Dit leidde tot een uitverkoop in gerelateerde aandelen. Voor beleggers die niet op korte termijn speculeren, maar een langetermijnvisie hebben biedt dit kansen. Kaz Munerals PLC is een mijnbouwbedrijf dat het de laatste maanden hard te verduren heeft terwijl de resultaten sterk zijn. Het aandeel noteert op de Londen Stock Exchange.

    beurskrant.com/2018/08/17/profiteren-...
    Koperaandelen zijn zeer koopwaardig op dit moment, zie o.a. Taseko.
  2. forum rang 10 DeZwarteRidder 10 oktober 2018 13:09
    quote:

    maurice73 schreef op 10 oktober 2018 12:54:

    GoldmanSachs rapport van 4 oktober over kopermijnen: calichebahada.com/wp-content/uploads/...
    Our key actionable ratings
    Buy BHP: (1) Strong returns; (2) Attractive commodity mix; (3) Strong n copper portfolio.

    n Buy Anglo (on CL): (1) Quellaveco is a Tier 1 project; (2) Attractive commodity mix; and (3) Valuation undemanding.

    n Buy GLEN: (1) Attractive commodity mix; (2) Strong FCF generation/potential for returns ramp-up; (3) Outcome of DoJ
    investigation a risk.

    n Buy Norlisk: (1) FCF inflection; (2) Delevering ahead; (3) Consensus (Bloomberg) mispricing earnings, in our view.

    n Sell Antofagasta: (1) Valuation high; (2) FCF/returns tier 4/3 vs. peers; (3) Growth options look uncompelling.

    n Buy First Quantum: (1) Cobre to come online next year; (2) Strong FCF generation/delevering; and (3) Valuation
    undemanding.

    n Buy FCX: (1) Strong copper exposure; (2) Grasberg resolution a positive; (3) Strong FCF generation.

    n Sell KGHM: (1) Low cash generation; (2) Valuation looks demanding.

    n Buy MMG Ltd: (1) High leverage to copper prices; (2) We see net gearing falling; (3) Strong FCF generation.

    n Buy Zijin Mining: (1) Strong copper growth ahead; (2) Active in M&A; (3) Strong FCF generation.
    4
  3. forum rang 10 DeZwarteRidder 10 oktober 2018 13:09
    Glencore: Katanga and Mopani ramp-up on track
    Having shut down the Katanga and Mopani in 2H15 as copper prices fell, Glencore is well on the way to ramping up
    production at the two mines.
    Katanga: The mine, located in the DRC, has now reached commercial production and is ramping up, with recent guidance
    pointing to production of 150kt for 2018 and 300kt in 2019. The mine recently faced legal and regulatory issues (explained
    above), but most have now been resolved. We still model the mine achieving its targeted production. The mine is of particular
    importance to Glencore given we expect it to produce 34.5ktpa of cobalt from 2019 onwards.
    Mopani: Glencore has spent over $1 bn since 2014 for the development of new shafts that are expected to increase the
    mine life by c.25 years. The expansion is expected to add c.90ktpa of copper, with recent news flow suggesting first
    production in 2H18 and full ramp-up to name-plate capacity by 2020. Given that the majority of capex has already been
    spent, we believe the likelihood of reaching full capacity by 2020 is high.
  4. forum rang 10 DeZwarteRidder 22 november 2018 12:56
    Dit gaat een grandioos probleem opleveren
    Geschreven door Jack Hoogland

    Ik hoop dat u door mijn artikel van dinsdag een goed beeld krijgt van hoe hard autofabrikanten werken aan de transitie naar elektrisch rijden.

    Je ziet het trouwens ook aan het taalgebruik. In het artikel over Volkswagens investering van €44 miljard wordt bijvoorbeeld geschreven over een elektrisch offensief en over een race tussen autofabrikanten. Zegt alles.

    Een andere indruk van hoe snel die groei zal gaan, zien we in onderstaande krantenkop.

    VW-topman Thomas Ulbrich verwacht dat in 2030 alle in Nederland verkochte Volkswagens elektrisch zullen zijn.

    Dit enorme probleem maakt het nog véél interessanter
    Dat bevestigt mijn verwachting dat de werkelijke groei zelfs veel harder zal zijn dan de grafiek in het artikel van dinsdag aangeeft.

    En iedere nieuwe elektrische auto zal drie keer zoveel koper bevatten als een benzine- of dieselauto.

    Daarom is het enorm belangrijk om u te wijzen op het allergrootste probleem in de markt voor koper. Want dat probleem maakt het verhaal voor ons beleggers nog véél interessanter.

    De wereld heeft véél meer koper nodig.
    Er wordt niet genoeg koper geproduceerd. Bij lange na niet.

    Ook bank-economen zien wat de gevolgen zijn. Op onderstaande grafiek van het Canadese Scotiabank zien we duidelijk het stijgende tekort aan koper (rode balkjes).

    Drie probleempjes
    Dus moet er met spoed worden geïnvesteerd in nieuwe kopermijnen. Er zijn echter een paar probleempjes die velen over het hoofd zien.

    Investeren in een nieuwe kopermijn kost bakken met geld.

    De huidige te lage koperprijs geeft koperproducenten niet genoeg vertrouwen om in nieuwe mijnen te durven investeren.

    Het duurt van start tot finish gemiddeld 20 jaar om een nieuwe kopermijn in productie te brengen.

    Logisch gevolg: Prijs zal enorm hard stijgen.
    Terwijl de vraag naar koper de komende jaren fors zal stijgen, kan het aanbod niet volgen. Verre van zelfs.

    De toch al grote tekorten die we op bovenstaande grafiek zien, zullen daarom alleen maar verder oplopen.

    Logisch gevolg: De prijs van koper zal enorm hard stijgen. Nog vele jaren lang.

    365% tot 685% koerspotentieel.
    Voor ons rapport getiteld "De toekomst is elektrisch!" selecteerden we drie aandelen waarmee je optimaal van deze megatrend gaat profiteren.

    Wij berekenden voor de middellange termijn 365% tot 685% koerspotentieel. Voor de langere termijn zal het zelfs veel hoger zijn.

    Onze insteek is uiteraard de langere termijn. Vooral als je het plaatje hierboven in ogenschouw neemt!

    Op veler verzoek los te bestellen
    Als TopAandelen-abonnee ontvangt u dit rapport helemaal gratis, als extra bonus.

    Op verzoek van veel lezers geven we u tijdelijk de mogelijkheid om dit unieke rapport los te bestellen.

    Zodat u, ook als u geen TopAandelen-abonnee bent, van deze megatrend kunt profiteren.
  5. forum rang 10 DeZwarteRidder 27 november 2018 14:17
    Hoe heb je dat berekend?
    Geschreven door Jack Hoogland

    Afgelopen weekend ontvingen we van enkele lezers de vraag hoe we het koerspotentieel voor de aandelen in ons rapport "De toekomst is elektrisch!" hebben berekend.

    Misschien goed om daar even aandacht aan te besteden.

    Het begint met welke koperprijs we verwachten. In een zeer leerzaam interview op Real Vision legde grondstoffenexpert Leigh Goehring uit waarom de prijs van koper de komende jaren naar minimaal $7 per pond zal stijgen.

    Slechts twee maanden later verhoogde hij zijn verwachting zelfs naar meer dan $10 per pond.

    Naderende "supply crunch"
    De reden ligt uiteraard in wat ik u vrijdag al in dit artikel vertelde. De komende jaren gaat er een onvoorstelbaar tekort aan koper ontstaan.

    De verwachte vraag zal over tien jaar maar liefst 60% hoger zijn dan het verwachte aanbod. Bedenk nu even dat de olieprijs al door het dak gaat als de vraag slechts 2% hoger is dan het aanbod!

    In deze krantenkop uit de Wall Street Journal wordt gesproken over een naderende "supply crunch". Als gevolg van jarenlange onderinvestering in nieuwe kopermijnen.

    Wat ons betreft een treffende omschrijving.

    Uitleg berekening koerspotentieel
    Voor de berekening van het koerspotentieel was ons uitgangspunt dat de prijs van koper op de middellange termijn (2-3 jaar) naar $7 per pond zal stijgen.

    Vervolgens pakten we van alle drie de door ons geselecteerde aandelen de V&W-rekening over de eerste drie kwartalen van 2018 erbij.

    Waarna we berekenden hoeveel hoger hun winst zou zijn geweest als ze het door hen geproduceerde koper voor $7 per pond hadden kunnen verkopen.

    Vervolgens hebben we berekend welke koers deze aandelen zouden noteren als beleggers het beursgemiddelde van 18 keer de jaarwinst zouden betalen.

    365%, 400% en 685%
    Daarmee kwamen we op koersen die 365%, 400% en 685% hoger lagen dan de huidige koersen.

    Daarbij zijn het effect van verwachte productiestijgingen én het dividend dat ze alle drie uitkeren nog niet eens meegerekend.

    Stijgt de koperprijs de komende jaren naar $10 per pond, dan zullen de koersen uiteraard nog veel hoger stijgen. En uiteraard ook het dividend.

    Maar we willen u ook de mogelijkheid geven om te profiteren als u geen abonnee bent.

    Omdat we u bovenstaande berekening ook even mee wilden geven, hebben we besloten om u nog een extra kans te geven om dit unieke rapport los te bestellen.

    Daarna sluiten we definitief de inschrijving.

    Profiteer van DE megatrend van de komend jaren!
    Klik hier om dit unieke rapport snel te bestellen
    Een mooie dag toegewenst!
    Jack Hoogland

  6. forum rang 10 DeZwarteRidder 23 februari 2019 10:05
    Frik Els | about 14 hours ago |
    Copper price surges as stocks hit 12-year lows
    Image of copper cathodes by Glencore.

    The price of copper surged nearly 3% on Friday after stocks held in global warehouses operated by the LME fell to the lowest since 2005.

    Copper for delivery in March hit $2.9535 per pound ($6,510 a tonne) by midday on the Comex market, the highest level since the start of July last year. The price spiked in heavy volumes with nearly 1.5m tonnes worth $9.5 billion traded by lunchtime in New York.
    "Global supply is expected to continue to be impacted by ageing assets, declining ore grades, limited sector reinvestment, the diminished project pipeline and some threat of mine disruption"

    London Metal Exchange copper inventories were slashed in half from the previous day to just under 40,000 tonnes, the lowest since August 2005, according to Reuters calculations. Global stocks of the bellwether metal are now nearly 395,000 tonnes below the same point last year.

    That is despite a massive jump in imports by China, which consumes half the world’s copper.

    Shipments of unwrought copper came in at 479,000 tonnes in January, up 14% from December. At the current pace annual imports of refined copper are on course to top 2018's record 5.3m tonnes.

    Imports of copper concentrate surged 17% from a year ago to 1.9m tonnes last month. January cargoes were the second-highest monthly total on record and on an annualized basis concentrate imports could exceed 22m tonnes in 2019, beating the record set last year of 19.7m tonnes.

    Despite the volume of concentrate entering the Chinese market, treatment charges (TCs/RCs) paid by miners to refiners have been hovering at five-year lows.

    The world's number three copper miner, Glencore, has a unique view into the market thanks to its metals trading arm, and the Swiss-based giant’s outlook accompanying its 2018 results were particularly bullish on the longer term prospects:

    Looking ahead, global supply is expected to continue to be impacted by ageing assets, declining ore grades, limited sector reinvestment, the diminished project pipeline and some threat of mine disruption.

    Chinese scrap import regulations are expected to result in the increased import of cathodes and concentrates, effectively diverting such from other markets with, as yet, only a marginal increase in scrap conversion/replacement outside China. Given this dynamic and a healthy expected demand outlook, the copper market could enter into a period of substantial and sustained supply deficits.

    In the longer term, copper markets are expected to continue to experience solid growth rates, driven by population growth and rising living standards in emerging economies. In addition, the energy and mobility evolution, from power generation and distribution to energy storage and vehicles, is anticipated to become an increasingly important sector for copper.
  7. forum rang 10 DeZwarteRidder 28 juli 2019 10:44
    Jarenlange strijd tegen komst mijnbouwproject

    De lokale bewoners van Arequipa, in het zuiden van Peru, strijden al tien jaar lang tegen de komst van een in hun ogen megalomaan mijnbouwproject, genaamd Tia Maria. Het Mexicaanse bedrijf Southern Copper wil graag koper delven in het landbouwgebied, maar de bevolking vreest dat daardoor de gewassen en de watervoorziening in gevaar komen.

    De afgelopen week zijn de protesten rond het mijnbouwproject weer opgelaaid. Op verschillende plaatsen kwam het tot confrontaties tussen tegenstanders van de mijn en de oproerpolitie. Dat gebeurde nadat de Peruaanse regering van president Martin Vizcarra Southern Copper een bouwvergunning had toegezegd.

    De lokale autoriteiten, die de bevolking van Arequipa steunen, vroegen de regering onlangs om de bouwvergunning in te trekken. Afgelopen woensdag liet Vizcarra weten dat hij zijn besluit zal heroverwegen. Ook het mijnbouwbedrijf zei niet te zullen beginnen met het graven van de mijn totdat het de steun heeft van de lokale bevolking.

    Het koperproject moet ruim 1,25 miljard euro gaan kosten en ruim 120.000 ton koper per jaar op gaan leveren. Als het aan Southern Copper ligt, gaat de mijn in 2022 open.
  8. forum rang 10 voda 29 juli 2019 20:02
    Zambia Snubs South Africa Court Order on Konkola Copper Mine

    All Africa reported that a South African court granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines company amid a growing dispute with the government in Lusaka. The Johanneburg High Court ruling sets Vedanta Resources on a collision course with President Edgar Lungu, who has vowed to find new investors for the strategic mine.

    KCM, Zambia's largest copper mining firm, has been at the centre of a standoff since May between Vedanta Resources, its majority owner, and Zambia's President Edgar Lungu. The Indian-founded company which owns an 80% stake in the Konkola Copper Mines, had filed an injunction with the Johannesburg arbitration tribunal seeking to block Zambia’s appointment of a liquidator to wind up Vedanta’s operations.

    News Diggers reports that interim interdict by the court validates Vedanta’s plea that the Consolidated Copper Mines Limited Investment Holdings, representing Zambia in the matter, had breached articles of the shareholders’ agreement on winding up operations. The High Court also ordered the ZCCM-IH to pay Vedanta’s legal costs for three lawyers who applied for the interdict.

    Zambia which owns just 20% of shares in the KCM, has been locked in a dispute with Vedanta, over the alleged abuse of its mining license since May.

    Source : All Africa
  9. forum rang 10 voda 29 juli 2019 20:11
    Southern Copper Corporation Announced Q2 Result

    Southern Copper Corporation announced its Q2 result. Copper production increased 16.5% to 256,352 tonne in 2Q19 compared with 2Q18 due to higher production at our Peruvian Toquepala mine (+67.6%) and our Buenavista mine (+11.4%) in Mexico. These increases were partially offset by lower production at our Cuajone mine (-7.3%) due to lower grades and recoveries. Copper production increased 14.2% in the 6M19 when compared with 6M18 as result of higher production at Toquepala (+53.8%), due to the successful ramping up of the Toquepala concentrator; and higher production at Buenavista (+8.9%), due to operating improvements at its SX-EW (+30.5%) and concentrator (+7.0%) plants.

    2Q19 net sales were USD 1,818.0 million. Copper sales volume increased (+11.7%) as well as molybdenum (+24.5%). However, due to lower metal prices of copper (-11.2% LME) and silver (-10.0%); net sales decreased by 1.0% when compared with 2Q18.

    2Q19 net income was USD 402.4 million, 1.8% lower than 2Q18 net income of USD 409.6 million. Net income margin in 2Q19 was 22.1% compared with 22.3% in 2Q18. The decrease was principally due to lower sales prices.

    2Q19 adjusted EBITDA was USD 942.8 million, 1.3% lower than 2Q18 adjusted EBITDA of USD 955.2 million. The adjusted EBITDA margin in 2Q19 was 51.9% compared with 52.0% in 2Q18. These decreases were mainly due to lower prices.

    By-product production: Molybdenum production increased (+247%) in 2Q19 compared with 2Q18 due to higher production at all our mines, particularly Toquepala (+94.5%) as result of the new molybdenum plant that started production in April 2019. Mined silver production increased by 5.3% in 2Q19 compared with 2Q18 due to higher production at Toquepala, which was partially offset by lower production at the Cuajone, La Caridad and IMMSA operations. Mined zinc production decreased 1.3% in 2Q19, compared with 2Q18 production due to lower production at the Charcas and Santa Eulalia mines which offset the 1,133 tonne production increase at the San Martin mine.

    Mr German Larrea, Chairman of the Board, commenting on the Company 's progress said that “I am pleased to announce that on July 8, 2019, the Company received the construction license for the Tia Maria project. We strongly believe this USD 1.4 billion project will further improve the Company's asset base and profitability with an increase of 120,000 tonne of annual copper production capacity at a very competitive cash cost. We think Tia Maria will also benefit Peru through multiple business and employment opportunities at a national, regional and local level, and with royalties and taxes. On top of this, with sales estimated at USD 750 million, Tia Maria will improve Peru's economy with a 0.4% increase in its GDP."

    Source : Strategic Research Institute
  10. forum rang 10 voda 30 juli 2019 16:53
    Sumitomo Agrees to Buy Minto Copper - Report

    Pembridge Resources PLC announced that it has cut a deal with Sumitomo Corp. for copper concentrates from its newly acquired Minto Mine in the Yukon. Under this offtake agreement, Pembridge is to receive an advanced payment for at least 55,000 metric tonnes of copper concentrate produced by the Minto mine between now and the end of 2020.

    Sumitomo will make this advanced payment in monthly installments based on 90 percent of the estimated value of concentrate produced that month, with final payment due on delivery to Japan.

    The offtake is for 100% of the copper concentrate produced at Minto delivered on a cost, insurance and freight basis an expense paid by a seller to insure against the possibility of loss or damage to a buyer's order while it is in transit to an export port named in the sales contract until 55,000 metric tonnes are produced or the end of 2020, whichever comes later.

    Last month, United Kingdom-based Pembridge announced it had negotiated a deal to acquire Minto from Capstone Mining Corp for USD 20 million in staged payments.

    Capstone had wound down operations at Minto prior to the sale. Pembridge plans to have the mine back in operation by the end of this year.

    Pembridge Resources CEO David Linsley said that "We are delighted to secure this agreement with Sumitomo Corporation, a group that shares our vision for Minto and Pembridge. With their extensive copper market experience, entering into this is an important event for Pembridge and our shareholders. We look forward to developing a long-term relationship with our new partners as we seek to grow Pembridge through strategic acquisitions and development of the Minto Copper belt."

    Source : Mining News North
  11. forum rang 10 voda 30 juli 2019 16:54
    Glencore Starts Copper Concentrates Blending Facility in Taiwan

    Glencore has started a new copper concentrates blending facility in Taiwan to mix clean material with ores containing high levels of arsenic, three sources familiar with the matter said. The blending of concentrates containing high levels of impurities such as hazardous arsenic is aimed at making the material fit for shipment to China, the world's biggest importer of copper concentrates.

    The move by Glencore follows an increase in the amount of dirty concentrates available on the market, the sources said.

    A Glencore spokesman declined to comment.

    Dirty concentrates containing high amounts of arsenic and other impurities were coming from mines in Chile and Peru, one of the sources said.

    The new blending facility is surprising, as Taiwan and Malaysia are creating new regulations to protect their environment, a second source said.

    Complex concentrates, partially treated ore that contains 0.5% or more arsenic, cannot be processed by most smelters in the world for safety reasons and need to be blended first before they can be processed into refined metal.

    Glencore has opened the new plant as treatment and refining charges (TC/RCs) are at multi-year lows due to the tight availability of concentrates and an expansion of Chinese copper smelters competing for material.

    Mr Nick Snowdon, an analyst at Deutsche Bank in London said that "If you get higher levels of impurity it will tighten demand for better grades of concentrates. That would be a (downward) pressure on TC/Rcs.”

    Source : The Edge Markets
  12. forum rang 10 voda 1 augustus 2019 17:02
    First Quantum Minerals Announced Q2 Results

    First Quantum Minerals Ltd reported comparative earnings of USD 87 million, net earnings attributable to shareholders of the Company of USD 78 million and cash flows from operating activities of USD 179 million for the three months ended June 30, 2019. Production in the quarter was 168,399 tonnes of copper including 30,896 tonnes of pre commercial production, gold production of 59,647 ounces including 10,550 ounces of pre commercial production and zinc production of 4,123 tonnes.

    SUMMARY:
    Operational Highlights:
    1. Quarterly record copper production of 168,399 tonnes of copper produced including 30,896 tonnes of pre commercial production at Cobre Panama. Total production is 12% higher than the same period in 2018.
    -- Cobre Panama produced 30,896 tonnes of copper (pre-commercial) in the quarter and commenced the shipping of copper concentrate with the first shipment in late June.
    -- Guelb Moghrein Q2 copper production of 7,750 tonnes is a 34% increase from the same period in 2018.
    -- Sentinel copper production was comparable with Q2 2018 producing 54,977 tonnes of copper.
    -- Kansanshi production was impacted by the lower grades in the oxide ore circuit and lower recoveries in the oxide and mixed ore circuits slightly offset by higher throughput in all circuits. Copper production totalled 58,634 tonnes for Q2.

    2. 28% increase in total gold production of 59,647 ounces from Q2 2018, including 10,550 ounces of pre-commercial gold production at Cobre Panama. Commercial gold production increased by 6%.

    3. Q2 unit cost of copper production3: All-in sustaining cost = USD 1.77 per pound; Cash cost = USD 1.32 per pound; Total cost = USD 2.17 per pound.
    -- Sentinel C1 and AISC declined by over 10%, to USD 1.55 per pound and USD 2.06 per pound respectively, related to efficiencies in labour and contractor costs, maintenance costs and foreign exchange.
    4. Safety improved in the quarter with the 12- month rolling Lost Time Injury Frequency rates declining to 0.05 per 200,000 hours worked, an improvement from 0.06 in Q1 2019.

    Source : Strategic Research Institute
  13. forum rang 10 voda 1 augustus 2019 17:03
    Outlook For Copper Supply Is Deteriorating – Goldman

    Bloomberg reported that China’s "brewing" copper smelter bottleneck signals deepening supply worries for a metal market that’s already seen facing shortages this year. So-called treatment charges paid in China by miners to smelters have tumbled to USD 56 a metric tonne, the lowest in almost seven years, squeezing margins and potentially spurring more production cuts, according to Goldman Sachs Group Inc analysts, including Mr Alison Li. Output in the first half was curtailed after plants had their maintenance, access to credit tightened and technical issues hampered operations.

    Source : Strategic Research Institute
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