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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aztec Res. | AZR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.00 |
| Top Posts |
|---|
Posted at 20/12/2006 12:35 by red ninja Mt Gibson have got close to 90% of AZR presumably they can go for a compulsory takeover if they get 90% ? |
Posted at 19/12/2006 14:52 by avickers No problem, are you invested in any other companies at the moment? Or in the research stage? AZR do look interesting, but dont expect any quick returns. |
Posted at 31/5/2006 17:03 by red ninja IRon ore prices looking healthy should do AZR good :-Chinese Steel Officials Claim They Were "Bullied" By Interfax-China 31 May 2006 at 07:56 AM EDT SHANGHAI (Interfax-China) -- Chinese steel officials are claiming that Companhia Vale do Rio Doce (CVRD) bullied steelmakers into accepting a 19% iron ore price increase. "CVRD warned China not to reject a 19% increase in the price of iron ore. CVRD will not load iron ore shipments at 2005 contract prices in Brazil's ports bound for China." Hou Yan, an official with the National Development and Reform Commission (NDRC), told Interfax Wednesday. Hou said many ships from China have had to wait in ports and pay more than $10,000 per day for prolonging the loading date. Usually, the port charges $3,000 for each 10,000 tonnes of shipments. CVRD's attitude during negotiations had a significant impact on Chinese steelmakers, according to Hou. "The China Iron and Steel Association has reported the situation to Ministry of Commerce (MOFCOM)," he said. CVRD officials were unavailable for comment. According to government sources Tuesday, China will accept a 19% increase in the price of iron ore for the fiscal year, ending months of negotiations with BHP Billiton [NYSE:BHP], Rio Tinto [NYSE:RTP] and CVRD [NYSE:RIO]. The agreement comes after several European and Asian steelmakers accepted a similar deal from suppliers earlier in the month. However, Baosteel nor the China Iron and Steel Association have yet announced the deal. Sources told Interfax that the agreement will officially be signed in June. In March, China tried to influence the talks by implementing a price-cap policy on iron ore entering the country. But after pressure from Australia - the home of Rio Tinto and BHP - the situation was diffused. Most types of steel products saw prices rise last week under pressure from the iron ore talks, Baosteel's price increase and rumors of a reduction to the tax rebate. The average steel product price was RMB 4,061 ($507.63) per tonne last week, up 1.12% from previous week but down 14% from last year. Construction steel product prices averaged RMB 3,374 ($421.75) per tonne, up 2.27%; steel plate prices were RMB 4781 ($597.63) per tonne, up 0.95%; pipe prices were RMB 4,845 ($605.63) per tonne, up 1.11%; steel section prices were RMB 3375 ($421.88) per tonne, up 0.56%, according to the NDRC's price monitoring center. In addition, Baosteel's third quarterly price policy, which raises core product prices by around 7%, also impacted steel product prices. "Baosteel's product prices are basically benchmarks for other domestic steelmakers. We've seen significant steel product price increases in the domestic market after Baosteel announced its price policy," Hou said. Also, rumors that China is going to decrease tax rebates on steel product exports also stimulated steel product prices for the short term. Morgan Stanley's chief economist said Wednesday that government ties worked against the mills. "Chinese steelmakers, which are state-owned, cannot win international negotiations with western-oriented business rules," Andy Xie, Morgan Stanley's chief economist in Asia, told Interfax Wednesday. Xie said Chinese steelmakers, like other state-owned enterprises, are still unaccustomed to negotiations with foreign counterparts, although they have made greater strides in recent years. "Companies can rarely gain advantages from government-appointed leaders who do not comprehend the international business strategies," Xie said. Xie also said due to weak connections with upstream industries, Chinese steelmakers are in a feeble position compared with their foreign rivals during the iron ore price negotiations. "The Chinese government should encourage its state-owned industrial companies to develop sources in their upstream sectors and pay more attention to preserving mineral and metals reserves," Xie said. Zheng Dong, a steel analyst at Guosen Securities Co. Ltd., said Chinese steelmakers using Australian and Brazilian ore can afford limited higher production costs. "For instance, Baosteel would only see a two-cent cost rise per share," Zheng said. Zheng said major steel mills raised their product prices for the third quarter to counterbalance the potentially higher iron ore prices. Baosteel's crude steel production costs will increase by only RMB 100 ($13) per tonne with the higher prices, Baosteel's Chief Financial Official Chen Ying said at a shareholders conference held on May 17. "And the steel makers using domestic ores will escape the impact of the price hike by increasing the production of domestic iron mines," Zheng said. |
Posted at 03/5/2006 08:12 by biswell Thanks RedPerhaps when resources are increased as AZR have indicated is likely , you could put up a revised PER figure which hopefully will then agree with my number 4. At the time I did the maths iron ore had hit around $75 ish , and over the next 10 years I thought $100 might be about right as an average figure. Chart is looking better of late is it not, and I think CBM at some point will make a move for the company. If as I hope and expect the share price of Aztec improves as contracts get signed....ore gets shipped....and extra resourses are detailed, the Mkt Cap gets bigger and CBM will have to find more money. So the sooner the better for them I would have thought, which is why at this point in time AZR in my opinion represents a better punt that CBM itself which is fully valued now. B |
Posted at 03/5/2006 07:59 by red ninja Latest brokers note on AZR website says PER will 9.5 for 2007 and 6.9 for 2008.They are taking into account 2006 price rise and hopefully recent increases in equity. |
Posted at 02/5/2006 17:56 by red ninja I think AZR are talking about 4 million tonnes a year based on 41 million tonne deposit based on most recent figures if I remember correctly. The first year production may start at a 2 miilion tonne level.The price last year for Iron ore was US$54 if a previous article is to be believed. This year I would expect US$60+. The minsite article said that operating costs of A$30/tonne of ore = US$22. In the first year profits before tax/royalties could be around US$38 x 2 million = US$72 million. Thus, in theroy if my maths is roughly correct we could clear mine cost A$108 in the first year. |
Posted at 02/5/2006 16:35 by biswell Red check your facts first before postingCambrian mining hold nearly 30% plus more options that means CBM may well buy the company to be able to offer a Coal/Iron Ore package deal Cambrian Mining PLC - Aztec Granted Mining Leases RNS Number:8795BCambrian Mining PLC24 April 2006 CAMBRIAN MINING PLC Cambrian Mining ('the Company' or 'Cambrian') is pleased to refer shareholders to the following press release announced today by Aztec Resources. Cambrian currently holds 214,191,562 ordinary shares in Aztec Resources, representing 29%of its issued capital, and 159,584,022 options (representing 37% of Aztec on afully diluted basis). Aztec Resources Limited ('Aztec' or 'the Company') Mining Leases Granted - Koolan IslandAztec Resources Limited (ASX & AIM Code: AZR) is pleased to announce that the Minister for Resources has granted Mining Leases 04/416 and 04/417 which are required for the construction and operation of the Koolan Iron Ore mine.The granting of the leases is a significant milestone in the development of the project and the Company anticipates that construction will commence on Koolan Iron at the end of April 2006.The Company acknowledges the assistance provided by the Department of Industryand Resources in achieving this milestone.For further information contact:Australia Peter Bilbe, Managing Director +61 8 9423 0800 Ian Gregory, CompanySecretary +61 8 9423 0800UK Fiona Owen, Grant Thornton +44 (0) 870 991 2318Visit: www.aztecresources.c |
Posted at 27/4/2006 17:55 by mkh200 Looks like time to leave AZR. With increasing Chinese demand now likely to slacken AZR should be producing just as prices start to ease. $65/t has held for 2 years and we can expect a fall to a 50% premium on the $30/t level of 2003. Exploiting the remnants of the discarded BHP Woolan mine AZR will be a high cost, marginal producer, especially vulnerable to weaker ore prices. |
Posted at 24/4/2006 10:14 by red ninja AZR motoring a bit today on the granting of leases and the associated signing with the native peoples.Aztec Resources Limited ('Aztec' or 'the Company') 24 April 2006 Mining Leases Granted - Koolan Island Aztec Resources Limited (ASX & AIM Code: AZR) is pleased to announce that the Minister for Resources has granted Mining Leases 04/416 and 04/417 which are required for the construction and operation of the Koolan Iron Ore mine. The granting of the leases is a significant milestone in the development of the project and the Company anticipates that construction will commence on Koolan Iron at the end of April 2006. The Company acknowledges the assistance provided by the Department of Industry and Resources in achieving this milestone. |
Posted at 18/3/2006 10:53 by red ninja I guess this :-"Sinom held a 9% stake in Aztec at the time the MOU was signed, but has since diluted its stake in the iron ore junior to less than 3%" explains the weakness in AZR share price as its looking good for AZR with production looming and sales agreements progressing. |
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