videomart
: China cobalt prices may be near bottom
Shanghai 04 August 2010 07:01
China's cobalt concentrate import market remains moribund, although cobalt product prices may be nearing bottom with local market enquiries increasing in the past week. "It seems many are trying to buy at the bottom," said a cobalt salt maker in southern China. Some cobalt chloride transactions were reported at around 69,000 yuan ($10,171) per tonne but market participants did not consider the level representative as volumes were not big. ... http://www.metalbulletin.co.uk/Article/2644463/...be-near-bottom.html
Einfach nur enttäuschend diese Zahlen. Da waren ja die Q1-Zahlen 3mal besser. Und auf den schlechten Kupferpreis im Juni läßt sich das nicht schieben. Da wird der Kurs bestimmt noch mal ordentlich nachgeben. Meine Meinung
videomart
: Mit 3mal besser kommt man wohl nicht ganz hin:
Katanga profits plummet in Q2 on lower prices [UPDATE]
LONDON (Metal-Pages) 06-Aug-10. Katanga Mining reported a net income of $2 million on a gross profit of $4.7 million in the quarter ended 30 June 2010, sharply down from net income of $27.6 million on gross profit of $39.1 million in the first quarter. ...
Monday, 09 Aug 2010 Katanga Mining Limited announced its financial results for the Q2 of 2010.
Highlights during and subsequent to the three months ended June 30th 2010:
1. Total sales for the Q2 of 2010 were USD 115.2 million comprising USD 83.3 million for copper cathode, USD 29.5 million for cobalt metal and USD 2.3 million for copper concentrate.
2. The Company had a gross profit of USD 4.7 million and net income of USD 2.0 million. Results for the Q2 were negatively impacted by the fall in the copper price to USD 6,510 per tonne at the end of June. This resulted in a negative mark to market adjustment of USD 15.6 million on copper awaiting final pricing.
3. The Company generated USD 41.0 million in positive cash flows from operating activities. The closing cash balance as at June 30th 2010 was USD 97.7 million.
4. C1 cash cost for the Q2 of 2010 was USD 1.70 per pound of copper. C1 costs were negatively impacted by a reduction in cobalt credits and lower than budgeted production. C1 cash costs per pound of copper are cash costs including mining, processing, administration and refining, net of cobalt credits.
4. Copper production was 12,554 tonnes which was a slight improvement on the previous quarter of 12,458 tonnes. Production was constrained by fleet availability at Kamoto underground mine and processing constraints at Luilu which are in the process of being resolved. Cobalt production was 887 tonnes which was in line with production for the Q1.
5. Three major milestones were achieved during and subsequent to the quarter (I). Commercial mining activities at the KOV pit commenced in July 2010 and dewatering is progressing as scheduled with approximately 72% of the water having been pumped out as of July 31st 2010. (II). The CM6 mill in the Kamoto Concentrator, associated feed systems and flotation cells have been refurbished and commissioned. This has increased the milling capacity at KTC from 3.4 million tonnes to 5.6 million tonnes per annum. This equates to approximately a total capacity of 196,000 tonnes of contained copper in concentrate per year. (III). Rehabilitation of the Luilu plant continued with the installation of new thickeners, drum filters and belt filters which have been commissioned and have increased the plant’s capacity to 110,000 copper tonnes per annum.