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China Mining
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China Mining...creeping up
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CWC2929
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16-Nov-2013 00:21
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Day after i post it drop to 73.....now back to 78 again........ anyone got hold this pls kee chiew......... |
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CWC2929
Senior |
09-Nov-2013 15:39
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This one look CoooOOOOooooooL.........me keep 800 lots..... |
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whitecoffee
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20-Aug-2013 10:40
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what is the target price we are looking now? this kinda penny stock really hard to guess, up and down can be so drastically. |
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Octavia
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20-Aug-2013 09:39
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China's shift may mean coal's days are numbered CNBC.com 08/19/13 6:42 AM ET By: Matt Clinch Adam Dean | Bloomberg | Getty Images China's renewal of its carbon reduction targets, as well as reports that it is clamping down on coal production, has led analysts to turn bearish on the outlook for coal, claiming that peak demand for the fossil-fuel could be behind us. Coal is used to generate 40 percent of the world's electricity, and its use has grown more than 50 percent in the past decade, according to the U.S. Energy Information Administration. But the fossil-fuel is well-known for its detrimental environmental impact, causing air pollution and carbon dioxide emissions that are strongly linked to global warming. China is responsible for 47 percent of global coal consumption?almost as much as the rest of the world combined, according to the International Energy Agency, and became a net importer in 2009. (Read More: Dodgy data may add $1 trillion to Chinese economy: Report) However, the new political regime in China, and its focus on a more consumer-led economy could bring change. " The world has become addicted to China's demand for coal," Paolo Coghe, European power, coal and carbon analyst at Societe Generale told CNBC. He warned that if the Chinese economy was slowing down, China could become a net exporter of coal, which would be very negative for prices. " Peak coal demand could be happening now, but we will have to see what happens next year. The effects will be seen in the next 3-5 years," Coghe said. This July, China renewed its 2005 goal to cut its carbon usage by 40-45 percent by 2020. Meanwhile, the U.S. government has signaled it will stop funding coal projects abroad as part of its foreign-aid spending, and the World Bank and the European Investment Bank have done the same. (Read more: China's starts its turnaround, yet skeptics still abound) " The window for thermal coal investment is closing," the commodities research team at Goldman Sachs, headed by Christian Lelong, said in a note on July 24. The bank downgraded its price forecasts for thermal coal, which is primarily used to generate heat, to US$83 per ton in 2014 and US$85/t in 2015, citing environmental regulations, competition from gas and renewable energy, and improvements in energy efficiency. The August futures price of thermal coal at Australia's Newcastle port, a regional benchmark for Asia, has fallen 17 percent this year, and closed near $78 a ton last week, its lowest in almost four years. The price is now 43 percent below its post-2008 recession high of $139.05 a ton, struck in January 2011. Coghe, whose price targets are similar Goldman Sachs's, said mines might cut production if coal prices are hit. " This could hurt Australia," he told CNBC, explaining that Australia had found economic success in supplying coal to a rapidly expanding China, but should have restricted production and investment in coal sooner. He added that the " only hope" for Australia's coal industry was in exporting to India. PLAY VIDEO John Hewson, former leader of the Liberal Party of Australia, tells CNBC that Australia has squandered the benefits of the China-led resources boom. " The only hope would be India, they are a very large producer and consumer, but they are having strong difficulties internally," he said. Meanwhile, China may be moving more quickly towards its reduction targets than investors initially believed. Earlier in August, Electric Light and Power magazine said Chinese authorities had canceled the building of a coal-fired plant near Shenzen, due to strong public opposition over air pollution concerns. Greenpeace said this could potentially be a " watershed" moment, with spokesperson Aaron Gray-Block telling CNBC that it was a clear example of how public outrage about air pollution was affecting China's energy policy. (Read More: Australia wasted resources boom: Former Liberal leader) But naysayers remain convinced that coal will continue to play a vital role in China. Milton Catelin, the CEO of the World Coal Association, told CNBC that it has been the major energy source in fueling China's industrial development, raising over 660 million people out of poverty over the past three decades. " The role of coal is compatible with meeting environmental challenges ? such as the 2020 carbon target," Catelin told CNBC. " At a time when 1.3 billion people worldwide still don't have access to energy, it's a little premature to start talking about demand for energy sources, including coal, 'peaking'. All sources of energy will be needed to meet the huge energy poverty challenge we face." |
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Octavia
Elite |
20-Aug-2013 09:29
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The Geo-exploration and Mineral Devt Bureau of Henan (?Henan Bureau?) is planning to list some of its mining assets via a reverse take-over (RTO) of CMI, making it the first PRC govt-backed mining co to be listed on SGX. The Henan Bureau, which operations span the entire mining chain from exploration to mining, processing and trading, has about 200 licenses in the PRC and close to 100 licenses in over 20 countries globally. The Henan Bureau intends to leverage CMI as its key invmt platform to list and internationalize its mining assets, in particular similar-natured brownfield and late stage mines. Henan Bureau highlights 5 mines of interest, namely a tantalum-niobium mine in Nigeria, a tin-copper mine in Tajikistan, an iron ore mine in South Australia, and two iron ore mines in Xinjiang, which are proposed to be injected into CMI as part of the RTO. The mines in Nigeria and Tajikistan are expected to commence pdtn within the next 6 mths. Upon completion of the RTO, CMI will fully exit its legacy real estate devt business, which is expected to remain competitive and challenging. Believes its new core focus in mining will potentially provide the co with a regular revenue stream over the longer term. CMI was formerly known as Sunshine holdings, a Henan-based developer of residential and commercial properties. in 2011, it sought the approval of shareholders to diversify in to the mining business and changed to its present name in Mar ?13. The proposed RTO is subject to approval by shareholders and SGX. |
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pcxiao2008
Senior |
30-Jul-2013 12:56
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fake rebound yesterday |
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CWC2929
Senior |
30-Jul-2013 03:47
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Me holding my 200 lots.........bot cheap cheap year ago........
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bluetoes
Member |
25-Jul-2013 22:45
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Has been moving up slowly again, will it rebound? Anyone to share? |
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whitecoffee
Member |
23-Jul-2013 10:50
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why zero volume today? TH? |
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bluetoes
Member |
17-Jul-2013 17:30
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Holding on & close at $0.10 today with not bad volume. Hopefully it is not look back & move on... Congrats on those who vested ! |
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height00
Senior |
15-Jul-2013 22:14
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Heading up again? |
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freedom8
Member |
15-Jul-2013 21:48
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what a rebound. If tomorrow hit past 10.7 then probably will see 13 |
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bluetoes
Member |
15-Jul-2013 17:27
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holding steady...looking forward for it to break $0.106 tomorrow. |
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freedom8
Member |
15-Jul-2013 16:16
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12-15 next few days See |
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bluetoes
Member |
15-Jul-2013 09:04
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Heating up fast this morning ! |
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height00
Senior |
14-Jul-2013 21:29
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Heating up or down? |
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freedom8
Member |
14-Jul-2013 13:48
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50 percent cash and 50 percent issuance of shares for the Reverse Takeover Mmmm If push up share price, then issuance of shares and cash will be minimum. Smart move. 130 million shares in public easy to mop up, 10mil SGD from syndicate will be enough Technical charts are nice. Buy on strong momentum |
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freedom8
Member |
14-Jul-2013 13:40
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Introduction The Board of Directors (the " Board" or " Directors" ) of China Mining International Limited (the " Company" ) wishes to announce that the Company has, on 11 July 2013, entered into a non-binding Memorandum of Understanding (" MOU" ) with China Geological Exploration Holdings Limited (" CGE" ) and Guide True Limited (" GT" ) (collectively, the " Vendors" ), pursuant to which the Company and the Vendor have reached an understanding to negotiate and finalise a definitive share sale and purchase agreement and other related documents (the " Definitive Documentation" ) in respect of the potential acquisition of a new company to be incorporated in the British Virgin Islands (" Target Company" ), which will, in turn own, directly or indirectly, the Target Mines (as defined below) located within and outside of the People’s Republic of China (" PRC" ) (the " Proposed Acquisition" ). 2. Effect of the MOU Pursuant to the terms of the MOU, the Proposed Acquisition will, upon completion, result in a change of control of the Company and will constitute a " Reverse Take-over Transaction" as defined under Chapter 10 of the Listing Manual (" Listing Manual" ) of the Singapore Exchange Securities Trading Limited (the " SGX-ST" ). In complying with Rule 1015(3)(a) of the Listing Manual, the market capitalisation of the Company is estimated to be not less than S$300 million after the completion of the Proposed Acquisition. The Proposed Acquisition shall be subject to certain conditions, including satisfactory due diligence by the Company in relation to the companies which will own the Target Mines (collectively, the " Target Group" ), as well as the approval of the shareholders of the Company and the approval of the SGX-ST. The Company and the Vendors have agreed to develop a mutually acceptable structure for the Target Group and to negotiate the terms of the Definitive Documentation by 30 September 2013 (or such later date as the parties to the MOU may agree) (the " Proposed Date" ), and that the Vendors agree and shall collectively procure the Target Group not to, prior to the Proposed Date, solicit or negotiate with any other party for the purposes of entering into any merger or share acquisition agreement. Notwithstanding the aforesaid, the Company and the Vendors acknowledge and agree that the Vendors and the Target Company will be considering investments by certain third party investors before the Proposed Date (" Third Party Investments" ) and would need to carry on negotiations, and such investment as well as any resultant change in shareholding in the Target Company shall be subject to the Company’s prior consent. 3. Information on the Target Group Subject to the Third Party Investments, the shareholders of the Target Company are expected to be CGE and GT. Prior to the execution of the Definitive Documentation, the Target Group shall have interest, including exploration licences and/or mining rights, in the following mines: (a) a tantalum-niobium mine in Nigeria Page 1 (b) a tin-copper mine in Tajikistan (c) an iron ore mine in Western Australia and (d) two (2) iron ore mines in Xinjiang, the PRC, (collectively, the " Target Mines" ). The Target Mines are in the advanced stage of exploration and/or development. Barring any unforeseen circumstances, the Target Mines located in Nigeria and Tajikistan are expected to commence production within the next six (6) months and achieve its planned production capacity. 4. Information on the Vendors CGE is a company incorporated in the Cayman Islands, and its ultimate controlling shareholder is the Geo-exploration and Mineral Development Bureau of the Henan Province (***地 **产 **开 *局 ) (the " Henan Bureau" ). The chairman of the board of CGE is Mr Tang Quanguo, who was formerly the chief of Henan Bureau and the deputy chief of the Land and Resources Bureau of the Henan Province. The Geo-exploration and Mineral Development Bureau (*********) is the key national body in driving the resource mining and development initiatives of the PRC, and Henan Bureau is a leading division of this said body. Established since 1957 and adequately staffed with competent personnel, about 4,000 of whom are qualified technical staff, Henan Bureau undertakes the exploration, mining, production and trading of mining resources via the several hundreds of mines it presently owns within and outside the PRC. GT’s ultimate shareholders are Mr Guo Yinghui and his wife. Mr Guo Yinghui is the Executive Chairman and controlling shareholder of the Company, holding in aggregate (direct and indirect) interest of approximately 34.24% of the Company’s total issued share capital as at the date of this Announcement. 5. Purchase Consideration It is currently contemplated that the purchase consideration (" Purchase Consideration" ) for the Proposed Acquisition will be satisfied through a combination of the following modes of payment: (a) the disposal to GT (or any other person or entity as GT may direct) of the Company’s entire interest in the capital of its wholly-owned subsidiary, Elegant Jade Enterprises Limited (" Elegant Jade" ). Elegant Jade presently owns various companies with underlying assets comprising, among others, two (2) iron ore mines, which it co-owns with a third party through a 50:50 joint venture, and certain real estate property assets (b) in cash and (c) the issuance of new ordinary shares in the capital of the Company, credited as fully paid. The Purchase Consideration shall be subject to, inter alia, the following: (a) an independent qualified person’s report on each of the Target Mines in accordance with the Australasian Joint Ore Reserves Committee Code, or an equivalent standard that is acceptable to the SGX-ST and Page 2 (b) a valuation report on each of the Target Mines in accordance with the Code for Technical Assessment and Valuation of Mineral and Petroleum Assets and Securities for Independent Expert Reports promulgated by the VALMIN Committee, or an equivalent standard that is acceptable to the SGX-ST. 6. Rationale for the Proposed Acquisition The Board is of the view that the Proposed Acquisition represents an opportunity for the Company to focus its core business in the exploration, mining and trading of mineral resources which in turn will potentially provide it with a regular stream of revenue. Furthermore, with a strong parentage in the form of Henan Bureau, the Board expects opportunities which the new parent may provide to the Company to be significant, given Henan Bureau’s considerable mining expertise and portfolio. The Board also expects the real estate development business to remain competitive and challenging in the near future due to a combination of higher land prices and austerity measures imposed by the PRC government in recent years. |
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freedom8
Member |
14-Jul-2013 13:34
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RBG I share the same view as you. China Mining has been creeping up since 4 ct. The RTO news probably filtered to some insiders from 4 to 7.5 The sudden surge on friday from 7.5 to 10.6 before coming down with many other stocks especially Mirach. Probably profit taking sets in and fear resulted in the drop from 10.6 to 8.5 Majority of trades done above 10. I think this stock is quite controlled by syndicate. |
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rbgmauq
Member |
12-Jul-2013 21:34
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Y34.SI has closed above the upper band by 12.8%. Bollinger Bands are 183.9% wider than normal. The large width of the bands suggest high volatility as compared to Y34.SI's normal range. The bands have been in this wide range for 5 bars. This is a sign that the current trend might continue |
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