Re: passend hierzu das bessere 2. Quartal Ergebnis von Anglogold!

verfasst von AU, 25.07.2001, 08:42

Hallo Rumpelstilzchen,

unten nachfolgend das aktuelle Ergebnis von ANGLOGOLD,
nicht zu übersehen, daß SA auch aus Kostengründen schwer-
punktmäßig, reduziert wird der Rand Kurs ist zwar in
der Range, zeigt aber die allgemeine Verunsicherung.

Grüße

AU

AngloGold's profit expected to be up 7% as local mines turn the corner
Bloomberg
July 25 2001 at 07:41AM
Johannesburg - AngloGold was likely to report net profit of R469 million in the second quarter, 7 percent more than the first quarter, according to the average estimate of five analysts polled by Bloomberg News.

AngloGold will report earnings on July 31.

AngloGold will probably benefit from a reduction in costs at its South African mines and rising profit from operations in Mali and Tanzania, where it has joint ventures with Randgold Resources and Ashanti Goldfields.

AngloGold wants to cut costs by 10 percent this year by selling or closing its less profitable gold mines and mining more efficiently. Earlier this year it sold the Elandsrand and Deelkraal mines to Harmony Gold Mining and is in talks to sell more operations.

The sales came after the company blamed mining errors and aging infrastructure at local mines for falling profit last year.

Earnings are also likely to have been helped by the decline in the value of the rand against the dollar as South African gold producers pay most costs in rands while selling their metal for dollars. The average value of the rand against the US currency was 2,3 percent lower during the quarter compared with the preceding three months. At the same time, the average price of gold rose 1,6 percent to $268,16 an ounce.

Still, earnings in the current quarter are under threat as the National Union of Mineworkers, which represents most gold miners, has threatened to call an industry-wide strike.

"I think the South African mines turned the corner in the first quarter and I am sure you will see more of an improvement on the cost side," said Allan Cooke, an analyst at Rice Rinaldi Securities.

"They might get some extra ounces out of Morila and Geita," said David Davis, an analyst at Standard Equities, referring to its mines in Mali and Tanzania.

AngloGold closed unchanged at R306 yesterday.



>>Miners' strike on hold
>July 25 2001 at 07:34AM
>Johannesburg - The nationwide strike that threatened the future of marginal mines and smaller operations has been put on hold at gold mines, but the National Union of Mineworkers (NUM) said last night that industrial action would go ahead at certain coal operations as planned.
>Frans Barker, the chief negotiator for the Chamber of Mines, said the union had asked to meet gold companies again on Friday, giving the NUM time to present the final offers to its members.
>Gold companies improved their offers to meet the union's demand for a R2 000 minimum salary for the lowest-paid workers, but this would only be implemented over two years.
>Other employees above the minimum wage scale would get a wage increase of between 7,5 percent and 8,5 percent for both years.
>Gwede Mantashe, the general secretary of the NUM, said the union would table different positions on different mines today.
>Strikes were expected to go ahead at the Anglo, Ingwe and Eyesizwe collieries.
>This was after the coal industry's smaller operations, Duiker, Kangra and AfriOre, satisfied all of the union's demands.
>The turnaround was likely to confuse workers after Monday's ballot vote to go on strike at all the mines tomorrow.
>Meanwhile, two labour unions in the steel industry said they were considering a strike after wage negotiations with steel and mining group Iscor collapsed yesterday.
>The MWU-Solidarity and the National Union of Metalworkers of South Africa (Numsa) told Reuters they had exhausted the legal possibilities.
>"We will now obtain a mandate to strike and notify the employer of a protected strike," the unions said.
>Iscor has offered a 7 percent wage increase, while the unions want an increase of around 8 percent.
>News of the settlement with the gold industry comes as Durban Roodepoort Deep (DRD), one of South Africa's smaller gold producers, came close to withdrawing from the negotiations, frustrated that the chamber apparently no longer represented the interests of marginal operations.
>"This is categorically the last time DRD negotiates with its labour force through the chamber," Mark Wellesley-Wood, the chairman of DRD, said yesterday.
>There are also indications that other gold companies were similarly frustrated by the process
>[b] Offensichtlich fühlt sich Durban nicht mehr durch die Chamber in seinen Interessen verteten. Zwischen den Zeilen lässt sich die Drohung erkennen, einen eigenen Abschluss mit der Gewerkschaft zu vereinbaren, um einen Streik zu vermeiden.
>Die Interessen der großen und kleinen Minen sind offensichtlich nicht in einer Vereinigung unterzubringen. Die Minen, die auf dem grössten Cashpolster sitzen, sind am wenigsten zu Zugeständnissen bereit. Bei dem marginalen Unterschied zwischen Lohnforderung und Angebot drängt sich auch der Verdacht auf, Anglo wolle einen Streik provozieren, um die Konkurrenz zu ruinieren. Daher wohl der Unmut bei Durban. Bezeichnenderweise finden auch die Warnstreiks bei Anglo statt.
>Grüße
>R.
>[b]


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gesamter Thread:

• SA - Minen -Strike Vorbereitungen- News von der Nacht - AU, 25.07.2001, 07:53
  • Durban tritt aus der Arbeitgebervereinigung aus! - Rumpelstilzchen, 25.07.2001, 08:30
    • Re: Sehr gut beobachtet! (owT) - Tofir, 25.07.2001, 08:40
    • Re: passend hierzu das bessere 2. Quartal Ergebnis von Anglogold! - AU, 25.07.2001, 08:42
      • Re: Minen - Results- Infos.! - AU, 25.07.2001, 08:57
  • Re: SA - Minen - aktuelle Kurse - AU, 25.07.2001, 09:16