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Aussie Mine 2016 the Next Act
Aussie Mine 2016 The next act www.pwc.com.au/aussiemine2016 Foreword Welcome to the 10th edition of Aussie Mine: The next act. We’ve chosen this theme because, despite gruelling market conditions and industry-wide poor performance in 2016, confidence is on the rise. We believe an exciting ‘next act’ is about to begin for our mid-tier miners. Aussie Mine provides industry and financial analysis on the Australian mid-tier mining sector as represented by the Mid-Tier 50 (“MT50”, the 50 largest mining companies listed on the Australian Securities Exchange with a market capitalisation of less than $5bn at 30 June 2016). 2 Aussie Mine 2016 Contents Plot summary 04 The three performances of the last 10 years 06 The cast: 2016 MT50 08 Gold steals the show 10 Movers and shakers 12 The next act 16 Deals analysis and outlook 18 Financial analysis 22 a. Income statement b. Cash flow statement c. Balance sheet Where are they now? 32 Key contributors & explanatory notes 36 Contacting PwC 39 Aussie Mine 2016 3 Plot summary The curtain comes up Movers and shakers The mining industry has been in decline over the last While the MT50 overall has shown a steadying level few years and this has continued with another weak of market performance in 2016, the actions and performance in 2016, with the MT50 recording an performances of 11 companies have stood out amongst aggregated net loss after tax of $1bn. the crowd. We put the spotlight on who these movers and shakers are, and how their main critic, their investors, have But as gold continues to develop a strong and dominant rewarded them. -
Eldorado and Sino Gold Satisfaction of Due Diligence Conditions
ELDORADO AND SINO GOLD SATISFACTION OF DUE DILIGENCE CONDITIONS Vancouver (Canada) and Sydney (Australia), September 14, 2009 – Eldorado Gold Corporation ("Eldorado") (TSX:ELD) (NYSE Amex:EGO) and Sino Gold Mining Limited (“Sino Gold”) (ASX:SGX) (SEHK:1862) are pleased to report that the due diligence conditions contained in their Scheme Implementation Deed have been satisfied and accordingly their scheme of arrangement transaction is no longer subject to these conditions. Mr. Paul Wright, President & CEO of Eldorado, said, “We are pleased to have satisfied our due diligence requirements on schedule and look forward to a successful close of this transaction in early December.” Mr. Jake Klein, President & CEO of Sino Gold, added, “We are pleased to report passing the first milestone for this transaction. The scheme booklet is now being prepared and is on-track to be mailed by mid-October, enabling Sino Gold securityholders to vote by late-November.” About Eldorado Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, and Turkey and surrounding regions. We are one of the lowest cost pure gold producers. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities. About Sino Gold Sino Gold is the leading international gold exploration and mining company in China and is listed on the ASX and the SEHK. The 82%-owned Jinfeng Gold Mine in southern China’s Guizhou Province and is now the second largest gold mine in China. -
Interseismic Slip and Coupling Along the Haiyuan Fault Zone Constrained by Insar and GPS Measurements
remote sensing Article Interseismic Slip and Coupling along the Haiyuan Fault Zone Constrained by InSAR and GPS Measurements Xin Qiao 1,2 , Chunyan Qu 1,* , Xinjian Shan 1, Dezheng Zhao 1 and Lian Liu 1 1 State Key Laboratory of Earthquake Dynamics, Institute of Geology, China Earthquake Administration, Beijing 100029, China; [email protected] (X.Q.); [email protected] (X.S.); [email protected] (D.Z.); [email protected] (L.L.) 2 Guangdong Provincial Key Laboratory of Geodynamics and Geohazards, School of Earth Sciences and Engineering, Sun Yat-Sen University, Zhuhai 519000, China * Correspondence: [email protected] Abstract: The Haiyuan fault zone is an important tectonic boundary and strong seismic activity belt in northeastern Tibet, but no major earthquake has occurred in the past ∼100 years, since the Haiyuan M8.5 event in 1920. The current state of strain accumulation and seismic potential along the fault zone have attracted significant attention. In this study, we obtained the interseismic deformation field along the Haiyuan fault zone using Envisat/ASAR data in the period 2003–2010, and inverted fault kinematic parameters including the long-term slip rate, locking degree and slip deficit distribution based on InSAR and GPS individually and jointly. The results show that there is near-surface creep in the Laohushan segment of about 19 km. The locking degree changes significantly along the strike with the western part reaching 17 km and the eastern part of 3–7 km. The long-term slip rate gradually decreases from west 4.7 mm/yr to east 2.0 mm/yr. -
Active Tectonics and Intracontinental Earthquakes in China: the Kinematics and Geodynamics
The Geological Society of America Special Paper 425 2007 Active tectonics and intracontinental earthquakes in China: The kinematics and geodynamics Mian Liu Youqing Yang Department of Geological Sciences, University of Missouri, Columbia, Missouri 65211, USA Zhengkang Shen State Key Laboratory of Earthquake Dynamics, Institute of Geology, China Earthquake Administration, Beijing 100029, China Shimin Wang Department of Geological Sciences, University of Missouri, Columbia, Missouri 65211, USA Min Wang Institute of Earthquake Science, China Earthquake Administration, Beijing 100036, China Yongge Wan School of Disaster Prevention Techniques, Yanjiao, Beijing 101601, China ABSTRACT China is a country of intense intracontinental seismicity. Most earthquakes in west- ern China occur within the diffuse Indo-Eurasian plate-boundary zone, which extends thousands of kilometers into Asia. Earthquakes in eastern China mainly occur within the North China block, which is part of the Archean Sino-Korean craton that has been thermally rejuvenated since late Mesozoic. Here, we summarize neotectonic and geo- detic results of crustal kinematics and explore their implications for geodynamics and seismicity using numerical modeling. Quaternary fault movements and global position- ing system (GPS) measurements indicate a strong infl uence of the Indo-Asian colli- sion on crustal motion in continental China. Using a spherical three-dimensional (3-D) fi nite-element model, we show that the effects of the collisional plate-boundary force are largely limited to western China, whereas gravitational spreading of the Tibetan Plateau has a broad impact on crustal deformation in much of Asia. The intense seis- micity in the North China block, and the lack of seismicity in the South China block, may be explained primarily by the tectonic boundary conditions that produce high devi- atoric stresses within the North China block but allow the South China block to move coherently as a rigid block. -
ANNUAL INFORMATION FORM for the Year Ended 31 December 2018 29 March 2019 ANNUAL INFORMATION FORM for the Year Ended 31 December 2018
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS AND NOT FOR DISTRIBITON TO US NEWSWIRE SERVICE ANNUAL INFORMATION FORM For the year ended 31 December 2018 29 March 2019 www.oceanagold.com ANNUAL INFORMATION FORM For the year ended 31 December 2018 Table of Contents 1 Technical Disclosure ............................................................................................................................... 8 2 Basis of Presentation ............................................................................................................................. 11 3 Currency and Exchange Rates .............................................................................................................. 12 4 Corporate Structure ............................................................................................................................... 13 4.1 OceanaGold Corporation ................................................................................................................ 13 4.2 Intercorporate Relationships ........................................................................................................... 15 5 General Development of the Business ................................................................................................... 16 6 Description of Business ......................................................................................................................... 18 6.1 Business Strategy ......................................................................................................................... -
Structure-Controlled Asperities of the 1920 Haiyuan M8.5 and 1927
www.nature.com/scientificreports OPEN Structure‑controlled asperities of the 1920 Haiyuan M8.5 and 1927 Gulang M8 earthquakes, NE Tibet, China, revealed by high‑resolution seismic tomography Quan Sun1,2, Shunping Pei1,2,3*, Zhongxiong Cui4, Yongshun John Chen5, Yanbing Liu1,2, Xiaotian Xue1,2, Jiawei Li1,2, Lei Li1,2 & Hong Zuo1,2 Detailed crustal structure of large earthquake source regions is of great signifcance for understanding the earthquake generation mechanism. Numerous large earthquakes have occurred in the NE Tibetan Plateau, including the 1920 Haiyuan M8.5 and 1927 Gulang M8 earthquakes. In this paper, we obtained a high‑resolution three‑dimensional crustal velocity model around the source regions of these two large earthquakes using an improved double‑diference seismic tomography method. High‑ velocity anomalies encompassing the seismogenic faults are observed to extend to depths of 15 km, suggesting the asperity (high‑velocity area) plays an important role in the preparation process of large earthquakes. Asperities are strong in mechanical strength and could accumulate tectonic stress more easily in long frictional locking periods, large earthquakes are therefore prone to generate in these areas. If the close relationship between the aperity and high‑velocity bodies is valid for most of the large earthquakes, it can be used to predict potential large earthquakes and estimate the seismogenic capability of faults in light of structure studies. Earthquakes occur when the stored energy in the Earth’s lithosphere is suddenly released. Large earthquakes usually cause great hazards on natural environment and/or humans. Tere has been an obvious surge of great earthquakes with magnitudes ≥ 8.0 during the past decade with great diversity at various aspects 1. -
Earthquakes Near the Haiyuan Fault Gansu, China)
Geophys. J. Int. 12001) 144, 206±220 Source parameters and tectonic origin of the 1996 June 1 Tianzhu Mw=5.2) and 1995 July 21 Yongden Mw=5.6) earthquakes near the Haiyuan fault Gansu, China) C. Lasserre,1 B. Bukchin,2 P. Bernard,3 P. Tapponnier,1 Y. Gaudemer,1 A. Mostinsky2 and RongDailu 4 1 Laboratoire de Tectonique et MeÂcanique de la LithospheÁre, CNRS UMR 7578, Institut de Physique du Globe de Paris, Paris, France. E-mail:[email protected] 2 International Institute of Earthquake Prediction and Mathematical Geophysics, Moscow, Russia. E-mail: [email protected] 3 Laboratoire de Sismologie, CNRS UMR 7580, Institut de Physique du Globe de Paris, Paris, France 4 Seismological Institute of Lanzhou, China Seismological Bureau, Lanzhou, Gansu, China Accepted 2000 August 25. Received 2000 August 21; in original form 2000 February 22 SUMMARY The 1996 June 1 Tianzhu 1Mw=5.2, Ms=4.9) and the 1995 July 21 Yongden 1Mw=5.6, Ms=5.4) earthquakes are the two largest events recorded in the last 10 years between the 1990 October 20 Ms=5.8 and the recent 2000 June 6 Ms=5.6 earthquakes near the `Tianzhu seismic gap' on the Haiyuan fault in northeastern Tibet. We use frequency± time analysis 1FTAN) to extract the fundamental modes of Love and Rayleigh waves from digital records. A joint inversion of their amplitude spectra and of P-wave ®rst- motion polarities is then performed to calculate the source parameters 1focal mech- anisms, depths and seismic moments) of these two Msc5 earthquakes. Such a joint inversion is tested for the ®rst time. -
19 October 2011 ESTABLISHMENT of BOARD of EVOLUTION MINING Catalpa Resources Limited (ASX: CAH) ("The Company") Is
19 October 2011 ESTABLISHMENT OF BOARD OF EVOLUTION MINING Catalpa Resources Limited (ASX: CAH) ("the Company") is pleased to announce the appointment of its new Board of Directors. The new Board will lead the Company in the next phase of its development as a leading mid-cap Australian gold producer following the implementation of its all-scrip merger of equals with Conquest Mining Limited (“Conquest”) and the concurrent asset acquisition from Newcrest Mining Limited (“Newcrest”), which is scheduled to occur on 2 November 2011. Effective from that date the Company will be called “Evolution Mining Limited” and will trade under ASX code “EVN”. Mr Jake Klein will assume the role of Executive Chairman and Bruce McFadzean is to be the Managing Director. Joining Messrs Klein and McFadzean on the Board are John Rowe and Graham Freestone (who are existing Directors of the Company), James Askew and Paul Marks (who are members of the current Conquest Board) and Lawrie Conway and Peter Smith, who are nominees of Newcrest. This high calibre blend of eight experienced senior executives establishes a growth focused board with exceptional entrepreneurial strength. The Company would like to thank those Directors who will be stepping down from the Board, being the Chairman, Peter Maloney and Non-Executive Directors, Barry Sullivan and Murray Pollock. These directors have been instrumental in guiding the Company to this significant milestone and the Company thanks them for their support and direction. In addition, the Company would like to thank outgoing joint Company Secretaries, Erik Palmbachs and Paul Mason for their effort and significant contributions. -
2010 Minerals Yearbook
2010 Minerals Yearbook GOLD U.S. Department of the Interior October 2012 U.S. Geological Survey GOLD By Micheal W. George Domestic survey data and tables were prepared by Wanda G. Wooten, statistical assistant, and the world production table was prepared by Lisa D. Miller, international data coordinator. In 2010, domestic mine production of gold increased to end use of gold were jewelry and arts, 54%; dental and medical, 231,000 kilograms (kg), 4% more than that in 2009 (tables 1–2). 10%; electrical and electronics, 7%; and other, 29%. This marks the fi rst increase in 10 years, although production Refi ned bullion comprised 33% of U.S. gold imports and 77% was 37% lower than the historical high of 366,000 kg in of exports; the United States was a net exporter of 95,700 kg of 1998. In 2010, the value of domestic production increased to bullion in 2010 (tables 4, 6). The imports and exports of gold $9.13 billion, up 30% compared with that in 2009 because of bullion increased by 57% and 5%, respectively, from those in 2009. the increase in the price of gold and the increase in domestic The increases in imports mainly were from Canada and Mexico, production. It was the ninth straight year that the value had which provided almost 51% and 25%, respectively, of the refi ned increased. Gold recovery from the major mines in Nevada bullion imported. Imports of ores and concentrates increased by decreased because mining lower grade ore was more profi table 450% because of a substantial increase in imports from Mexico for with high gold price. -
Earthquake Risk and Earthquake Catastrophe Insurance for China
Munich Personal RePEc Archive Earthquake Risk and Earthquake Catastrophe Insurance for the People’s Republic of China Wang, Zifa and Lin, Tun and Walker, George Asian Development Bank June 2009 Online at https://mpra.ub.uni-muenchen.de/21248/ MPRA Paper No. 21248, posted 11 Mar 2010 18:02 UTC ADB Sustainable Development Working Paper Series Earthquake Risk and Earthquake Catastrophe Insurance for the People’s Republic of China Zifa Wang, Tun Lin, and George Walker No. 7 | June 2009 MS ADB Sustainable Development Working Paper Series Earthquake Risk and Earthquake Catastrophe Insurance for the People’s Republic of China Zifa Wang, Tun Lin, and George Walker Dr. Zifa Wang is managing director of Risk Management Solutions, Inc. and a research No. 7 June 2009 professor at the Institute of Engineering Mechanics, China Earthquake Administration. Mr. Tun Lin is a natural resources economist of the Asian Development Bank. Dr. George Walker is a senior risk analyst of Aon Benfield Asia Pacific. Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org/ © 2009 by Asian Development Bank June 2009 ISSN 2071-9450 Publication Stock No. WPS090552 The views expressed in this paper are those of the author and do not necessarily reflect the views or policies of the Asian Development Bank. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. Use of the term ―country‖ does not imply any judgment by the authors or ADB as to the legal or other status of any territorial entity. -
Small and Mid-Cap Resources March 2017 Review
Small and Mid-Cap Resources March 2017 Review The Momentum Continues - 2017 to be a Good Year WHO IS IIR? Independent Investment Research, “IIR”, is an independent investment research house based in Australia and the United States. IIR specialises in the analysis of high quality commissioned research for Brokers, Family Offices and Fund Managers. IIR distributes its research in Asia, United States and the Americas. IIR does not participate in any corporate or capital raising activity and therefore it does not have any inherent bias that may result from research that is linked to any corporate/ capital raising activity. IIR was established in 2004 under Aegis Equities Research Group of companies to provide investment research to a select group of retail and wholesale clients. Since March 2010, IIR (the Aegis Equities business was sold to Morningstar) has operated independently from Aegis by former Aegis senior executives/shareholders to provide clients with unparalleled research that covers listed and unlisted managed investments, listed companies, structured products, and IPOs. IIR takes great pride in the quality and independence of our analysis, underpinned by high caliber staff and a transparent, proven and rigorous research methodology. INDEPENDENCE OF RESEARCH ANALYSTS Research analysts are not directly supervised by personnel from other areas of the Firm whose interests or functions may conflict with those of the research analysts. The evaluation and appraisal of research analysts for purposes of career advancement, remuneration and promotion is structured so that non-research personnel do not exert inappropriate influence over analysts. Supervision and reporting lines: Analysts who publish research reports are supervised by, and report to, Research Management. -
Northeastern Tibetan Plateau.', Tectonics., 36 (9)
Durham Research Online Deposited in DRO: 26 July 2017 Version of attached le: Accepted Version Peer-review status of attached le: Peer-reviewed Citation for published item: Allen, M.B. and Walters, R.J. and Song, S.G. and Saville, C. and De Paola, N. and Ford, J. and Hu, Z.X. and Sun, W.L. (2017) 'Partitioning of oblique convergence coupled to the fault locking behavior of fold-and-thrust belts : evidence from the Qilian Shan, northeastern Tibetan Plateau.', Tectonics., 36 (9). pp. 1679-1698. Further information on publisher's website: https://doi.org/10.1002/2017tc004476 Publisher's copyright statement: c 2017. The Authors. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Additional information: Use policy The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that: • a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders. Please consult the full DRO policy for further details. Durham University Library, Stockton Road, Durham DH1 3LY, United Kingdom Tel : +44 (0)191 334 3042 | Fax : +44 (0)191 334 2971 https://dro.dur.ac.uk Confidential manuscript submitted to Tectonics 1 Partitioning of oblique convergence coupled to the fault locking 2 behavior of fold-and-thrust belts: evidence from the Qilian Shan, 3 northeastern Tibetan Plateau 4 5 Mark B.