als ganz einfache Antwort. Nach vielem Hin- und her, Managementfehlern, Gerichtsentscheidungen bzw. Anklagen etc. scheint Coalcorp Mining wieder auf den richtigen Weg zu kommen, Kohle abzubauen und diese zu verkaufen. Im Folgenden ein paar links zum Reinlesen. Ob und wann man hier investiert, muss natürlich jeder selber wissen.
26.01.2009 Coalcorp Mining Inc.: Glencore hält Vertrag nicht ein http://www.rohstoff-welt.de/news/artikel.php?sid=11263
07.03.2009 Coalcorp in messy situation http://www.financialpost.com/opinion/...f-d97a-4a41-b7f6-1fd81fb6a692
05.08.2009 UPDATE 1-Coalcorp explores strategic alternatives; shares rise http://www.reuters.com/article/mnaNewsEnergy/idUSBNG52415420090805
06.08.2009 Light at end of Coalcorp tunnel
Barry Critchley, Financial Post Published: Thursday, August 06, 2009
There may be some proverbial light for shareholders of Coalcorp Mining Inc., a company with interests in two coal operations in Colombia. After almost two years of board and management struggles, of lawsuits between the "new" group and the former group, of numerous delays in filing financial statements and after a number of operational challenges, the company has taken some steps to right the ship. The stock (CCJ/TSX) closed yesterday at 26.5¢, its highest level in two months. It still has a long way to go to hit the high ($7.21 a share) since Jan. 1, 2005.
Coalcorp's latest moves were announced earlier this week.
A couple of months after completing its operational restructuring plan, it has commenced "a strategic alternatives review process" with the objective being to realize value for the company and its stakeholders. "The Board of Directors of the Company and management firmly believe that the current market value of the Company does not reflect the value of the Company's assets," it said in a release.
The company has not yet hired a firm to help with the review process. "At the moment, we are taking it onboard ourselves," said Joseph Belan, the relatively new chief executive at Coalcorp. Belan's former employer, Swiss-based Pala Investments, has a 44% stake in Coalcorp.
As is the norm, Coalcorp has formed a special committee -- in this case three directors -- to review the alternatives. Normally a review of alternatives is code for putting all, or parts, of the company up for sale--an outcome that Coalcorp admitted may happen with its review. Coalcorp owns 100% of one mine in Colombia and 60% of another. (One week back, Coalcorp reported that Xira Investment, the owner of the other 40% "has failed to make payment of the US$7-million instalment payment that was due and payable on July 27, 2009.")
It has completed its so-called National Instrument 43-101 technical report. NI 43-101 is a mineral resource classification scheme used for the public disclosure of information relating to mineral properties in Canada.
Coalcorp has determined its two operations have more than 60 million tonnes of total reserves and about 145 million tonnes of total resources. Accordingly its mines could produce about three million tonnes for the next 20 years. "This is the optimized scenario for this company," said Belan, noting that producing more than three million tonnes a year is hampered by "significant up-front capital to source additional equipment and limited port availability."
Belan said the current 43-101 differs from the former 43-101 in one key area. "The previous 43-101 was done for separate deposits. The current one is an integrated life-of-mine-plan for all of our reserves and deposits."
Belan said that "once we had the 43-101 results, it became very apparent to management and the board that we had to do something to try and realize value for shareholders. That was the reason for the announcement of the strategic review process."
He said Coalcorp is "finalizing the Q2 financials and expects to release those in the near term." Its Q2 financials relate to the period ended Dec. 31, 2008. Coalcorp's Q3 financials are also being prepared.
Belan said Coalcorp brought in its own auditor, Deloittes, to "do an actual review for the quarter. We wanted to make sure there was another set of eyes that was reviewing it and challenging management on disclosure."
bcritchley@nationalpost.com
(Quelle: http://www.nationalpost.com/scripts/story.html?id=1863781)
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