Asset prices, global stock markets took the lead in a red rose Better for the economic recovery is expected to make the global stock market both in 2008 swept away the haze. Throughout the second quarter, the global capital markets have in interpreting the dream of economic recovery. U.S. stocks since the March 9 rebound, the rebound rate has exceeded 30 percent, the Nasdaq composite index rebounded more than the rate is 40%. The stock market performance in emerging markets, more people feel that the financial crisis is already far away from us. BRIC countries, China Prev Close up 30.34 percent during the first quarter, second quarter to date has risen 16.65 percent. Russia, India and Brazil, the stock market to the lowest point from the end of May rose 120.8 percent, respectively, 90% and 80.7%, or most of them are in the second quarter achieved. Ching Ming holidays in particular, first weekend, the prevalence of the global stock markets soaring. According to statistics, from May 1 first weekend, Hong Kong's Hang Seng index was up by 14%. About the last two months, India, Brazil, the Russian stock market rose more than 50% Precious Metals A sharp rise in international gold prices Jewelry percent rise in January The beginning of April 20, the international gold price bottomed rebound. June 1, the international price of gold again easily exceeded 980 U.S. dollars / ounce, the main domestic gold futures contracts also rose 3.51%, February 25 at the stage of a new high since the 215.02 yuan / gram. With the best winning streak in the international price of gold, gold jewelry prices have gone up. Reporter visited the main store of gold city of more than note that over the past month, gold jewelry prices are set one after another, the current prices of thousands of gold jewelry has reached 277 yuan / g, by the end of February this year, a return to high prices. Early in May compared to 253 yuan / gram prices up on nearly 10%. "The rising gold on a slip of the tongue, wait a few days had wanted to buy a bracelet, did not expect more and higher prices." Yesterday, Jiefangbei heavy jewelry counters ago, is planning to buy gold jewelry She seemed to be somewhat anxious public. The reporter learned from Chow Tai Fook, Westin, the Supreme counters, etc. Just Gold brand was informed that since early May, the Just Gold price of gold jewelry over a series of more than 10 licenses, priced from 277 yuan per 253 yuan. |
2009年6月8日 星期一
Asset prices, global stock markets took the lead in a red rose
2009年4月29日 星期三
KITCO international market gold April 30 Comments: the price of gold the first time in three days up
KITCO international market gold April 30 Comments: the price of gold the first time in three days up
Wednesday gold the first time in three days was up, although the increase is not, but the basic steps
Ford VCM |bmw gt1| to follow the dollar and crude oil. Pm, New York, spot gold is still in the green region, rose 5.00 U.S. dollars at 898.50 U.S. dollars / oz. Near 900 U.S. dollars is still a major psychological barrier, which is really difficult to cross-price 920 U.S. dollars.
Price to 920 U.S. dollars across the target may be a bit difficult, because India is not in a hurry to buy, even though the jewelry Mother's Day just around the corner to buy the peak, but is expected to be this year's sales by nearly 20%. Sorry, Mom, this year you can only buy a chocolate and flowers? But we still love you the same.
Although the Federal Reserve speech in the days immediately before the day of return, but in China the purchase of gold after the news spread, gold continues to structural problems. CBGA (CBGA) and the International Monetary Fund (IMF) fears continue to undermine the feelings of speculative buyers, no gold has recently risen rapidly 950 U.S. dollars or 920 U.S. dollars news.
Mohr Scotiabank economists think that when the gold price this year is still quite high, investors may be interested in the stock gradually shift (also including the mining stocks?) And then turned up the next few years of industrial goods (copper?). They are willing to hold one of the long-term stock is Barrick Gold Corporation (Barrick) stock. Reuters reported this:
"Due to the decline in copper prices and rising costs, Barrick Gold Corporation's first quarter profit fell 28 percent, but company president said Wednesday the production line in the new development should help reduce costs and maximize profits in the future.
As a result of lower ore grades, the world's top gold producers Barrick 1 ounces of gold production costs 395 U.S. dollars from a year ago up to the first quarter of this year, 484 U.S. dollars. The company said they faced obstacles to impede them from the drop in crude oil prices and rising U.S. dollar to gain the full benefits.
However, for new development also indicates that the company will lower the cost of mining, especially in the border of Argentina and intellectual Pascual - Lama gold project in the project --- one ounces of gold production costs less than one hundred U.S. dollars. "
In addition there is news of the United States. Barney Frank said he would support the U.S. Congress authorized the sale of IMF gold, but the gold from the premise that the proceeds from the sale Fake Watches|Watch Brand|Designer WatchCool Watches|Buy Watch|Copy Watches|Sport Watches|Wrist Watches|
of four billion U.S. dollars set aside to lend in poor countries. Good posture, Frank President, but the needs of poor countries may be more than four billion U.S. dollars in this, ah, and do not want to in this way ... the borrower access to funds.
There is no doubt that the U.S. legislature for the IMF sell 403 tons of gold give the green light. The real problem is still aware of the current global economic situation and rapid poverty reduction in the threshold of the future, IMF treasury in addition to more than 3.2 thousand tons of gold, the number of tons of gold will be sold. According to IMF and World Bank estimates that 1 billion people will face serious problems.
Silver prices rose 28 cents, back to 12.77 U.S. dollars / ounce, while platinum rose little rose 4 U.S. dollars, at 1095 U.S. dollars / oz. Palladium up 5 U.S. dollars, reported that 219 U.S. dollars / oz. Palladium rising sense that Fiat and Chrysler are combined to help push the message. Despite the almost certain Chrysler will soon apply for the United States Bankruptcy Code Chapter 11 filed for bankruptcy protection. This is not liquidation, but to seize the chance of survival.
Dollar index fell today, but even more clear that the U.S. economy from the bottom quarter of the preceding bounce bottom. To be sure, GDP6.1% shrinkage of more than economists forecast unpredictable. This is almost the fourth quarter of last year to shrink 6.3 percent for the game. Considered together with the two back-to-back half a century of the quarterly data is the most significant shrinkage. It is because of inflation?
It should be noted that the Federal Reserve believe that the storm has passed, the economic tide of the cold wave is about to recede. The other hand, it is obvious that U.S. consumers responded to the feelings of the end of the world vanish, with the confidence and spending tend to experience the reverse, they began singing "the economy will shrink by step point" of the tunes.
On the banks, the central vortex of the deep crisis in the United States Governor of the Bank of Ken Lewis may be in the company's shareholders meeting this morning to submit his resignation letter. Former Merrill Lynch Chief Executive John Thain said Bank of America lost their huge bonuses and fabricated lies, and Bank of America purchased in the depths of the economic crisis after the company, led him to resign in January.
Stress tests in the banking front, there is more news. For example, 1 / 3 of the bodies tested may need additional capital. Citigroup and Bank of America continue to have problems doing the list of funds, but we will wait until May 4 to take a look at these "test" of who the key players in the end, as well as key issues. We have to remember that these cases were included in disguised unemployment, which has not been mentioned in publications.
We are just talking about the banking problems, the following let us look at another recent jewelry in a variety of metals are widely spread in the thing: "a large number of" printing money is there followed the great catalyst for inflation .
Wednesday gold the first time in three days was up, although the increase is not, but the basic steps
Ford VCM |bmw gt1| to follow the dollar and crude oil. Pm, New York, spot gold is still in the green region, rose 5.00 U.S. dollars at 898.50 U.S. dollars / oz. Near 900 U.S. dollars is still a major psychological barrier, which is really difficult to cross-price 920 U.S. dollars.
Price to 920 U.S. dollars across the target may be a bit difficult, because India is not in a hurry to buy, even though the jewelry Mother's Day just around the corner to buy the peak, but is expected to be this year's sales by nearly 20%. Sorry, Mom, this year you can only buy a chocolate and flowers? But we still love you the same.
Although the Federal Reserve speech in the days immediately before the day of return, but in China the purchase of gold after the news spread, gold continues to structural problems. CBGA (CBGA) and the International Monetary Fund (IMF) fears continue to undermine the feelings of speculative buyers, no gold has recently risen rapidly 950 U.S. dollars or 920 U.S. dollars news.
Mohr Scotiabank economists think that when the gold price this year is still quite high, investors may be interested in the stock gradually shift (also including the mining stocks?) And then turned up the next few years of industrial goods (copper?). They are willing to hold one of the long-term stock is Barrick Gold Corporation (Barrick) stock. Reuters reported this:
"Due to the decline in copper prices and rising costs, Barrick Gold Corporation's first quarter profit fell 28 percent, but company president said Wednesday the production line in the new development should help reduce costs and maximize profits in the future.
As a result of lower ore grades, the world's top gold producers Barrick 1 ounces of gold production costs 395 U.S. dollars from a year ago up to the first quarter of this year, 484 U.S. dollars. The company said they faced obstacles to impede them from the drop in crude oil prices and rising U.S. dollar to gain the full benefits.
However, for new development also indicates that the company will lower the cost of mining, especially in the border of Argentina and intellectual Pascual - Lama gold project in the project --- one ounces of gold production costs less than one hundred U.S. dollars. "
In addition there is news of the United States. Barney Frank said he would support the U.S. Congress authorized the sale of IMF gold, but the gold from the premise that the proceeds from the sale Fake Watches|Watch Brand|Designer WatchCool Watches|Buy Watch|Copy Watches|Sport Watches|Wrist Watches|
of four billion U.S. dollars set aside to lend in poor countries. Good posture, Frank President, but the needs of poor countries may be more than four billion U.S. dollars in this, ah, and do not want to in this way ... the borrower access to funds.
There is no doubt that the U.S. legislature for the IMF sell 403 tons of gold give the green light. The real problem is still aware of the current global economic situation and rapid poverty reduction in the threshold of the future, IMF treasury in addition to more than 3.2 thousand tons of gold, the number of tons of gold will be sold. According to IMF and World Bank estimates that 1 billion people will face serious problems.
Silver prices rose 28 cents, back to 12.77 U.S. dollars / ounce, while platinum rose little rose 4 U.S. dollars, at 1095 U.S. dollars / oz. Palladium up 5 U.S. dollars, reported that 219 U.S. dollars / oz. Palladium rising sense that Fiat and Chrysler are combined to help push the message. Despite the almost certain Chrysler will soon apply for the United States Bankruptcy Code Chapter 11 filed for bankruptcy protection. This is not liquidation, but to seize the chance of survival.
Dollar index fell today, but even more clear that the U.S. economy from the bottom quarter of the preceding bounce bottom. To be sure, GDP6.1% shrinkage of more than economists forecast unpredictable. This is almost the fourth quarter of last year to shrink 6.3 percent for the game. Considered together with the two back-to-back half a century of the quarterly data is the most significant shrinkage. It is because of inflation?
It should be noted that the Federal Reserve believe that the storm has passed, the economic tide of the cold wave is about to recede. The other hand, it is obvious that U.S. consumers responded to the feelings of the end of the world vanish, with the confidence and spending tend to experience the reverse, they began singing "the economy will shrink by step point" of the tunes.
On the banks, the central vortex of the deep crisis in the United States Governor of the Bank of Ken Lewis may be in the company's shareholders meeting this morning to submit his resignation letter. Former Merrill Lynch Chief Executive John Thain said Bank of America lost their huge bonuses and fabricated lies, and Bank of America purchased in the depths of the economic crisis after the company, led him to resign in January.
Stress tests in the banking front, there is more news. For example, 1 / 3 of the bodies tested may need additional capital. Citigroup and Bank of America continue to have problems doing the list of funds, but we will wait until May 4 to take a look at these "test" of who the key players in the end, as well as key issues. We have to remember that these cases were included in disguised unemployment, which has not been mentioned in publications.
We are just talking about the banking problems, the following let us look at another recent jewelry in a variety of metals are widely spread in the thing: "a large number of" printing money is there followed the great catalyst for inflation .
2008年12月28日 星期日
Western Han-chi: geopolitical tensions in the try for the gold price
Western Han-chi: geopolitical tensions in the try for the gold price
Affected by the Christmas holidays, the market volume was light. U.S. stocks closed higher Friday, rising oil prices to the boost to energy stocks, at the same time, the Federal Reserve Board (Fed) for GM's financial services program is also a relief, at least in today's high share price push GM . Trading was thin market today, the Dow Jones industrial average index rose 47.07 points to 8515.55 points, or 0.56 percent. Crudeautoboss|launch 431|Electronic Cigarette|X431|X 431| futures rose Friday, as a result of an OPEC (OPEC) member countries cut exports, investors and it is expected that the beginning of next year's supply of crude oil will shrink. Nymex February crude oil futures settled up 2.36 U.S. dollars to 37.71 U.S. dollars a barrel, an increase of 6.7 percent. OPEC production cuts and a substantial global demand for crude oil rebounded bottom is seen as factors supporting the rebound in oil prices. However, the market is not showing signs of recovery is about to demand from the United States for the first time the number of applications for unemployment benefits to the Chinese imports such as the recently released data show that many of the global economy is weak continued to deepen.
New York Mercantile Exchange (COMEX) gold 26 closed higher, gold up 23.20 U.S. dollars, or 2.74 percent, to 871.20 U.S. dollars / oz. From the market closed only half an hour, the price of gold rose suddenly accelerated. February gold at the break through 850 Oil Painting wholesale|ornament Oil Painting|U.S. dollars / ounce mark after the rise intensified, and in just 15 minutes from 850 U.S. dollars rose to near intraday high of 872.80 U.S. dollars. 26 in the afternoon, crude oil futures prices rose 5.4 percent, the price break through 37 U.S. dollars a barrel. Rising oil prices lead to increased inflationary pressures, increased market demand for gold as an investment tool in the fight against inflation interest. General Motors was also on the financial services company's relief, and gold prices helped to do with. However, the market's real focus is on Saturday and Sunday to carry out Israel's Gaza over the past 20 years, the largest air strike, resulting in a sharp deterioration in the geopolitical risk, the market worried about a further escalation of the conflict could affect Middle East oil-producing countries such as Iran and Syria, the hedge Funds into the gold market, pushing up the price.
: As the not today, an important economic indicator released, the market focused on the geopolitical side, so I hope investors as much as possible look at the situation in the MiddleFake Watches|Watch Brand|Designer Watch|Cool Watches|Buy Watch|Copy Watches|Sport Watches|Wrist Watches| East will continue to deteriorate. Israeli ground troops enter Gaza or the beginning of Hezbollah attacks on Israel are the objectives of the performance of the deterioration of the situation, will push up the price of gold. Today, operating mainly in order to buy bargain prices in the European market to stabilize the top of the 883 can do more. If you can consider short in the 900 and 910 positions because there is greater pressure to open.
Support: 883,872,853
Resistance: 893,903,910
Time to place the contents of economic indicators forecast the value of the former
(Beijing)
Economic indicators:
Dec. 29
France 15:45 3 quarter GDP annual rate of 0.1% 1.1%
France 15:45 3 quarter GDP 411.93
France 15:45 3 quarter-quarter GDP rate of 0.6% -0.3%
16:30 Italy in December business confidence index 70.6 72.2
18:30 Switzerland in December KOF leading indicator -0.26 -0.05
Financial events:
---- Japan due to leave on vacation government departments
Affected by the Christmas holidays, the market volume was light. U.S. stocks closed higher Friday, rising oil prices to the boost to energy stocks, at the same time, the Federal Reserve Board (Fed) for GM's financial services program is also a relief, at least in today's high share price push GM . Trading was thin market today, the Dow Jones industrial average index rose 47.07 points to 8515.55 points, or 0.56 percent. Crudeautoboss|launch 431|Electronic Cigarette|X431|X 431| futures rose Friday, as a result of an OPEC (OPEC) member countries cut exports, investors and it is expected that the beginning of next year's supply of crude oil will shrink. Nymex February crude oil futures settled up 2.36 U.S. dollars to 37.71 U.S. dollars a barrel, an increase of 6.7 percent. OPEC production cuts and a substantial global demand for crude oil rebounded bottom is seen as factors supporting the rebound in oil prices. However, the market is not showing signs of recovery is about to demand from the United States for the first time the number of applications for unemployment benefits to the Chinese imports such as the recently released data show that many of the global economy is weak continued to deepen.
New York Mercantile Exchange (COMEX) gold 26 closed higher, gold up 23.20 U.S. dollars, or 2.74 percent, to 871.20 U.S. dollars / oz. From the market closed only half an hour, the price of gold rose suddenly accelerated. February gold at the break through 850 Oil Painting wholesale|ornament Oil Painting|U.S. dollars / ounce mark after the rise intensified, and in just 15 minutes from 850 U.S. dollars rose to near intraday high of 872.80 U.S. dollars. 26 in the afternoon, crude oil futures prices rose 5.4 percent, the price break through 37 U.S. dollars a barrel. Rising oil prices lead to increased inflationary pressures, increased market demand for gold as an investment tool in the fight against inflation interest. General Motors was also on the financial services company's relief, and gold prices helped to do with. However, the market's real focus is on Saturday and Sunday to carry out Israel's Gaza over the past 20 years, the largest air strike, resulting in a sharp deterioration in the geopolitical risk, the market worried about a further escalation of the conflict could affect Middle East oil-producing countries such as Iran and Syria, the hedge Funds into the gold market, pushing up the price.
: As the not today, an important economic indicator released, the market focused on the geopolitical side, so I hope investors as much as possible look at the situation in the MiddleFake Watches|Watch Brand|Designer Watch|Cool Watches|Buy Watch|Copy Watches|Sport Watches|Wrist Watches| East will continue to deteriorate. Israeli ground troops enter Gaza or the beginning of Hezbollah attacks on Israel are the objectives of the performance of the deterioration of the situation, will push up the price of gold. Today, operating mainly in order to buy bargain prices in the European market to stabilize the top of the 883 can do more. If you can consider short in the 900 and 910 positions because there is greater pressure to open.
Support: 883,872,853
Resistance: 893,903,910
Time to place the contents of economic indicators forecast the value of the former
(Beijing)
Economic indicators:
Dec. 29
France 15:45 3 quarter GDP annual rate of 0.1% 1.1%
France 15:45 3 quarter GDP 411.93
France 15:45 3 quarter-quarter GDP rate of 0.6% -0.3%
16:30 Italy in December business confidence index 70.6 72.2
18:30 Switzerland in December KOF leading indicator -0.26 -0.05
Financial events:
---- Japan due to leave on vacation government departments
2008年8月11日 星期一
If China again should the Olympics to show the world what
Now on this topic may be somewhat premature, the Olympic Games has just opened, we are in the gold medal Xing Fendian on. China currently has no city-to-one to the contractor expressed interest in the Olympic Games. After all, this is a very huge project, take a long time to force savings.
But this is not an impossible situation, in the history of the United States held a total of four Olympic Games, from 1984 to 1996 Los Angeles Olympic Games in Atlanta Olympics, only the middle between the 12, 2012, London will usher in its history The third Olympic Games in Paris has held two Olympic Games, the desire to do next is still very strong. If a country has a world-class city recognized, and its national strength permitting, on many occasions to host the Olympic Games in fact quite normal, not to mention, the Office of the Olympic Games is now a matter of making money. China is now the nation, I believe the front for too long, will once again came to the Olympics.
I want to say is, if the Olympics come China, should we show the world what » Especially in the opening ceremony.
This time the opening ceremony, the traditional Chinese culture, the performance of the majority, for the first time usher in the Olympic Games in China, this fair and reasonable.
The beginning of preparations for the Olympics, it has proposed a "People's Olympics" slogan. "People's Olympics" are the essence of human communication exchange, the initial stage of China's natural to show the world 5,000 years of civilization. A hundred years ago, China on the world stage quiet for too long, so China has the world on some strange, now have the appearance of opportunity, of course, be a self-re-introduced, Fanchu the baby home, tell the world who we are.
Another reason is that China, this session of the Olympic Games represents the feelings of many, a country with an ancient civilization to regain self-confidence and dignity, and will emphasize the glorious past.
Thus, the opening ceremony were handed over to the best at Bawan, "Chinese elements," Zhang Yimou and Zhang Yimou are successfully completed his mission, not only far beyond the Qipao and red lanterns limitations, beyond everyone's expectations. In the high-tech packaging, the traditional Chinese culture, the many symbols are interpreted in the magnificent, 29 footprints of fireworks is to the whole city into a huge arena. I was also worried that will see a strong flavor of the Loess Shaanxi Opera, the result is a pleasant surprise to see a magnificent romantic epic. Thank Zhang Yimou, the Chinese he had a good appearance.
But my question here also, if the Olympics, we can come up with some new things to look at the world » The opening ceremony of the "Chinese elements" will be only four major inventions, Beijing opera, puppetry? Mention »
The display of traditional culture or少不了sure, it is the practice of previous Olympic Games. However, China has completed its first appearance after the display of modern China should perhaps be put on a more important position.
China's development is so rapid that time the "Chinese elements" should have new meaning, better reflect the cultural symbols of China today, otherwise, Lao Shina family things others do not see the right. Moreover, the world, we have come, is no longer a mysterious stranger, for the Olympic Games will definitely be a change in mentality, the Olympic Games will return to a sports event, not with so many non - Physical factors.
I guess that time the opening ceremony might be more modern, more international, more close to the Olympic spirit itself.
Zhang Yimou has completed his historic mission. If when the Olympic Games come to China again, we expect to have a new director, with confidence and show the new China.
But this is not an impossible situation, in the history of the United States held a total of four Olympic Games, from 1984 to 1996 Los Angeles Olympic Games in Atlanta Olympics, only the middle between the 12, 2012, London will usher in its history The third Olympic Games in Paris has held two Olympic Games, the desire to do next is still very strong. If a country has a world-class city recognized, and its national strength permitting, on many occasions to host the Olympic Games in fact quite normal, not to mention, the Office of the Olympic Games is now a matter of making money. China is now the nation, I believe the front for too long, will once again came to the Olympics.
I want to say is, if the Olympics come China, should we show the world what » Especially in the opening ceremony.
This time the opening ceremony, the traditional Chinese culture, the performance of the majority, for the first time usher in the Olympic Games in China, this fair and reasonable.
The beginning of preparations for the Olympics, it has proposed a "People's Olympics" slogan. "People's Olympics" are the essence of human communication exchange, the initial stage of China's natural to show the world 5,000 years of civilization. A hundred years ago, China on the world stage quiet for too long, so China has the world on some strange, now have the appearance of opportunity, of course, be a self-re-introduced, Fanchu the baby home, tell the world who we are.
Another reason is that China, this session of the Olympic Games represents the feelings of many, a country with an ancient civilization to regain self-confidence and dignity, and will emphasize the glorious past.
Thus, the opening ceremony were handed over to the best at Bawan, "Chinese elements," Zhang Yimou and Zhang Yimou are successfully completed his mission, not only far beyond the Qipao and red lanterns limitations, beyond everyone's expectations. In the high-tech packaging, the traditional Chinese culture, the many symbols are interpreted in the magnificent, 29 footprints of fireworks is to the whole city into a huge arena. I was also worried that will see a strong flavor of the Loess Shaanxi Opera, the result is a pleasant surprise to see a magnificent romantic epic. Thank Zhang Yimou, the Chinese he had a good appearance.
But my question here also, if the Olympics, we can come up with some new things to look at the world » The opening ceremony of the "Chinese elements" will be only four major inventions, Beijing opera, puppetry? Mention »
The display of traditional culture or少不了sure, it is the practice of previous Olympic Games. However, China has completed its first appearance after the display of modern China should perhaps be put on a more important position.
China's development is so rapid that time the "Chinese elements" should have new meaning, better reflect the cultural symbols of China today, otherwise, Lao Shina family things others do not see the right. Moreover, the world, we have come, is no longer a mysterious stranger, for the Olympic Games will definitely be a change in mentality, the Olympic Games will return to a sports event, not with so many non - Physical factors.
I guess that time the opening ceremony might be more modern, more international, more close to the Olympic spirit itself.
Zhang Yimou has completed his historic mission. If when the Olympic Games come to China again, we expect to have a new director, with confidence and show the new China.
2008年7月29日 星期二
Gold price-volume products by helping raise Zijin Mining interim results
Reuters Zijin Mining (601,899, stock it) 08 medium-term performance increase of 45%, mainly benefited from gold sales and prices of the substantial growth, while zinc prices continued to drag down the performance.
Zijin Mining (601,899; 2899) on July 29 issued in 2008 Center Daily News, the first half of the company to achieve operating income 8318535500 yuan, an increase of 23.44 percent; operating profit 2854792200 yuan, an increase of 29.25 percent; total profit 2785534200 yuan, An increase of 32.87 percent; net profit 1742397700 yuan, an increase of 45.02 percent; basic earnings per share 0.13 yuan and 1.25 yuan per share of net assets, net assets income rate of 10.27 percent.
Company performance are the main reasons for growth in sales of gold products at the same period last year and have a big increase, at the same time, the company's copper prices also rose, and promote the growth performance. However, management fees increased and zinc prices continued to decline to some extent drag the company's performance.
During the reporting period, the company produced 13,758 kg of mineral, its price up 25.48 percent, gross margin increased 1.9 percentage points; concentrate 20621.98 tons, its price rose 5.8 percent, gross margin decreased 2.98 percent copper cathode 3882.56 Tons, its price up 6.27 percent, gross margin increased 6.70 percentage points; 69,182 tons of zinc, down 38.08 percent year on year. Gold and copper operations were contributions to the sales income of 63.79 percent and 14.67 percent, 63.85 percent and net profit of 24.91 percent, for the company's main source of profits.
The high margins from its main low-cost advantage. The company's Zijinshan Copper Mine is a gold on the large number of copper metal deposits, for the majority of mine ore for mining and the adoption of open-air heap leaching of metal extraction technology. From the company covers a geological prospecting, mining, mineral processing, smelting and refining business models, such as integrated production, with the industry's leading gold ore self-sufficiency rate, the advantage of superior resources and outsourcing Caibao of jargon, these factors make the company become China's mining industry And similar enterprises in the world in production costs, one of the lowest production. Zijinshan gold copper gold comprehensive cost 60 yuan / g below, the entire gold comprehensive cost 62.3 yuan / g around Zijinshan copper cathode average unit cost of 13,683 yuan / ton, the company concentrate average unit cost of 11,980 yuan / ton, basic Are the minimum standards of the industry.
However, another key company product zinc concentrate prices fell by about 50 percent year-on-year, Xinding year-on-year price decline of about 38 percent, zinc concentrate and lead to Xinding gross margins were reduced by about 27 and 11 percentage points. Trade surplus is expected late lead and zinc difficult to reverse the situation, the profit level of such business may decline, thereby drag the second half performance. In addition, the company management fees during the reporting period 421.435 million yuan, up 45.72 percent, mainly due to continued expansion led to the company, the performance has a certain impact.
During the reporting period, the company successfully issued A-shares listed, mainly used for raising funds for construction projects. The domestic copper mine joint project Zijinshan gold mining project has achieved initial success; second gold smelter project has been basically completed; Hunchun dawn of the copper projects and technical transformation Zijin letter to the gold and tin ore is expected before the end put into trial Production; Deer Ni copper production has gradually normal; more Baoshan new copper mine, Ashele copper mine, Deer Ni comprehensive utilization of copper tailings project preparatory work is accelerating.
Together, 08 new companies the first half of 11 prospecting area of 269.66 square kilometers, the transfer of six prospecting area of 259.52 square kilometers. As of June 30, 2008, the company has a total of 177 prospecting, the total area of 5211.79 square kilometers, with 39 mining rights, Kuangquan area of 88.6026 square kilometers, of which seven new mining rights, an area of about 38.4789 square kilometers Kuangquan , A write-off, a transfer involving area of 1.8895 square kilometers, the mining rights of the ores of gold, copper, zinc, iron, lead, tin, antimony, tungsten, such as limestone.
However, the company's overseas resource development by certain obstacles, including Iran SariGunay gold acquisition and development projects are objective reasons for the suspension, Papua New Guinea HiddenValley Silvermine and WafiGolpu copper project because of rival bids higher than the company terminated at the same time, Yang Gold Mine a 162 tons of gold mining rights by the end of the gold (600,489, it shares) (600,489) received. These factors have led to the company reserves slowdown in growth, 08 Jiaoqian Qi in the first half increased by only about 30 tons of gold reserves. To reverse this unfavorable situation, the company's future investment focus on the benefits produced more rapid production of mine, Li County, Gansu has completed the acquisition of gold Mrs Ravine, in the second half will also buy the items and several overseas The project is still in the tracking and inspection stage.
Zijin Mining 07 to achieve operating income 15.047 billion yuan, net profit of 2.548 billion yuan, 0.19 yuan per share, the net assets of 0.41 yuan per share, the net assets yield 47.75 percent.
Zijin Mining (601,899; 2899) on July 29 issued in 2008 Center Daily News, the first half of the company to achieve operating income 8318535500 yuan, an increase of 23.44 percent; operating profit 2854792200 yuan, an increase of 29.25 percent; total profit 2785534200 yuan, An increase of 32.87 percent; net profit 1742397700 yuan, an increase of 45.02 percent; basic earnings per share 0.13 yuan and 1.25 yuan per share of net assets, net assets income rate of 10.27 percent.
Company performance are the main reasons for growth in sales of gold products at the same period last year and have a big increase, at the same time, the company's copper prices also rose, and promote the growth performance. However, management fees increased and zinc prices continued to decline to some extent drag the company's performance.
During the reporting period, the company produced 13,758 kg of mineral, its price up 25.48 percent, gross margin increased 1.9 percentage points; concentrate 20621.98 tons, its price rose 5.8 percent, gross margin decreased 2.98 percent copper cathode 3882.56 Tons, its price up 6.27 percent, gross margin increased 6.70 percentage points; 69,182 tons of zinc, down 38.08 percent year on year. Gold and copper operations were contributions to the sales income of 63.79 percent and 14.67 percent, 63.85 percent and net profit of 24.91 percent, for the company's main source of profits.
The high margins from its main low-cost advantage. The company's Zijinshan Copper Mine is a gold on the large number of copper metal deposits, for the majority of mine ore for mining and the adoption of open-air heap leaching of metal extraction technology. From the company covers a geological prospecting, mining, mineral processing, smelting and refining business models, such as integrated production, with the industry's leading gold ore self-sufficiency rate, the advantage of superior resources and outsourcing Caibao of jargon, these factors make the company become China's mining industry And similar enterprises in the world in production costs, one of the lowest production. Zijinshan gold copper gold comprehensive cost 60 yuan / g below, the entire gold comprehensive cost 62.3 yuan / g around Zijinshan copper cathode average unit cost of 13,683 yuan / ton, the company concentrate average unit cost of 11,980 yuan / ton, basic Are the minimum standards of the industry.
However, another key company product zinc concentrate prices fell by about 50 percent year-on-year, Xinding year-on-year price decline of about 38 percent, zinc concentrate and lead to Xinding gross margins were reduced by about 27 and 11 percentage points. Trade surplus is expected late lead and zinc difficult to reverse the situation, the profit level of such business may decline, thereby drag the second half performance. In addition, the company management fees during the reporting period 421.435 million yuan, up 45.72 percent, mainly due to continued expansion led to the company, the performance has a certain impact.
During the reporting period, the company successfully issued A-shares listed, mainly used for raising funds for construction projects. The domestic copper mine joint project Zijinshan gold mining project has achieved initial success; second gold smelter project has been basically completed; Hunchun dawn of the copper projects and technical transformation Zijin letter to the gold and tin ore is expected before the end put into trial Production; Deer Ni copper production has gradually normal; more Baoshan new copper mine, Ashele copper mine, Deer Ni comprehensive utilization of copper tailings project preparatory work is accelerating.
Together, 08 new companies the first half of 11 prospecting area of 269.66 square kilometers, the transfer of six prospecting area of 259.52 square kilometers. As of June 30, 2008, the company has a total of 177 prospecting, the total area of 5211.79 square kilometers, with 39 mining rights, Kuangquan area of 88.6026 square kilometers, of which seven new mining rights, an area of about 38.4789 square kilometers Kuangquan , A write-off, a transfer involving area of 1.8895 square kilometers, the mining rights of the ores of gold, copper, zinc, iron, lead, tin, antimony, tungsten, such as limestone.
However, the company's overseas resource development by certain obstacles, including Iran SariGunay gold acquisition and development projects are objective reasons for the suspension, Papua New Guinea HiddenValley Silvermine and WafiGolpu copper project because of rival bids higher than the company terminated at the same time, Yang Gold Mine a 162 tons of gold mining rights by the end of the gold (600,489, it shares) (600,489) received. These factors have led to the company reserves slowdown in growth, 08 Jiaoqian Qi in the first half increased by only about 30 tons of gold reserves. To reverse this unfavorable situation, the company's future investment focus on the benefits produced more rapid production of mine, Li County, Gansu has completed the acquisition of gold Mrs Ravine, in the second half will also buy the items and several overseas The project is still in the tracking and inspection stage.
Zijin Mining 07 to achieve operating income 15.047 billion yuan, net profit of 2.548 billion yuan, 0.19 yuan per share, the net assets of 0.41 yuan per share, the net assets yield 47.75 percent.
2008年7月22日 星期二
New York gold futures rebound
Because of the Gulf of Mexico tropical storm and worried about the situation in Iran, on the 21st decline of international crude oil futures rebounded. New York Mercantile Exchange, August crude futures contract rose 2.16 dollars, or 1.7 percent, to close at 131.04 U.S. dollars a barrel. Analysts say that oil prices will help stabilize gold futures rebounded.
2 U.S. mortgage finance institutions Fannie Mae and premises of the United States and there is no obvious turning point of crisis. U.S. Treasury Secretary Paulson said, authorized by Congress this week is expected, the implementation of these two enterprises relief. U.S. Government and Congress of the relief programme much market attention, the U.S. dollar under pressure. This to a certain extent, gold futures on a good support.
According to the U.S. Commodity Futures Trading Commission published the data, as of July 15 the week, hedge funds and other institutional investors in gold futures on the net long position increased significantly.
On the New York Mercantile Exchange, the September delivery of silver futures rose 22.5 cents, or 1.2 percent, to close at 18.425 U.S. dollars an ounce; October platinum futures contract fell 4 cents, or 0. 2 percent, to close at 1,851 U.S. dollars an ounce.
2 U.S. mortgage finance institutions Fannie Mae and premises of the United States and there is no obvious turning point of crisis. U.S. Treasury Secretary Paulson said, authorized by Congress this week is expected, the implementation of these two enterprises relief. U.S. Government and Congress of the relief programme much market attention, the U.S. dollar under pressure. This to a certain extent, gold futures on a good support.
According to the U.S. Commodity Futures Trading Commission published the data, as of July 15 the week, hedge funds and other institutional investors in gold futures on the net long position increased significantly.
On the New York Mercantile Exchange, the September delivery of silver futures rose 22.5 cents, or 1.2 percent, to close at 18.425 U.S. dollars an ounce; October platinum futures contract fell 4 cents, or 0. 2 percent, to close at 1,851 U.S. dollars an ounce.
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