Polyus Gold / PLZL, PGIL, PGILF (RU, LSS, OTC)

1 Mrd $ Gewinn durch Verkauf des Gold Fields Anteils für Norilsk Nickel oder Polyus

Polyus sells Gold Fields stake
Allan Seccombe
Posted: Thu, 02 Mar 2006

[miningmx.com] -- POLYUS, the Russian gold producer, has sold its 20.2% stake in Gold Fields, leaving the South African company independent as investors snapped up the shares, Gold Fields spokesman Willie Jacobsz said on Thursday.

"Polyus is placing their block of shares on the market. They are doing a book build which should be finished today," Jacobsz told Miningmx from New York.

"It's being broken up in the market. Hundreds of shareholders are buying pieces of it," he said, adding institutions in Europe and North America were acquiring the shares.

Bankers Goldman Sachs and Citigroup were handling the sale.

The Gold Fields shares were sold by Jennington International, a wholly-owned subsidiary of Polyus, a statement from the two banks said.

Norilsk Nickel, which is in the process of spinning out its gold assets in Polyus, bought the stake for $1.2bn from Anglo American two years ago to the month.

"That stake is now worth more than $2.2bn. They need the money to put into Polyus, we assume, to grow Polyus," Jacobsz said.

Norilsk has three of its members of the Gold Fields board and their future will be reviewed at some point in the future, he said.

The relationship between Gold Field, Polyus and Norilsk is sound, Jacobsz said.

"Our relationship has been a very good one of late. Them no longer holding a 20% stake does not preclude us from cooperating or working with them in the future. The relationship with them does not necessarily end here," he said.

The relationship between Gold Fields and Norilsk soured from October 2004, when rival South African gold miner Harmony won an irrevocable undertaking from Norilsk to support it in its hostile takeover bid for Gold Fields.

The bid failed, leaving Harmony with an 11.6% stake in Gold Fields. Harmony sold the last of its shares in Gold Fields on the open market last November, removing it as the second-largest shareholder in the world's number four gold producer.

Gold Fields shares ended Thursday's session on the Johannesburg bourse three percent down as investors fretted about a possible overhang of the company's shares.
http://www.miningmx.com/gold_silver/938035.htm

Renaissance Starts Polyus At Buy

Wednesday, March 01, 2006 5:30:55 AM ET
Dow Jones Newswires

0850 GMT [Dow Jones]--Renaissance Capital initiates coverage of Polyus, the gold company spun off from Norilsk Nickel (GMKN.RS) at buy with a target price of $50. The shares are currently trading on the gray market at around $37.50, prior to a listing planned for the second quarter. Around $11.97 of this represents its 20% stake in Gold Fields Ltd, says analyst Rob Edwards. Edwards expects Polyus to produce 1.168 million oz this year, and has upgraded his gold price forecast to $560/oz for this year. (GTS)

Edel Man,

habe auch noch keine Mitteilung

Gruß
Ulfur

30.09.05
Norilsk EGM unanimously voted for the spin-off of Polyus 30.09.05

01.01.06
Record date to receive Polyus Gold shares 1.1.06

3.3.06
Organizational meeting of the new company – Polyus Gold 3.3.06

März 2006
State Registration of Polyus Gold

März-April 2006
Trading date for Polyus Gold shares

April 2006
Listing of Polyus Gold in Russia

April-Mai 2006
Level 1 ADR program set up

Polyus Gold goes public

Polyus Gold will go public. Trading in Polyus shares could be launched on Thursday, May 4. The new company will apply for listing on Russian stock exchanges in May and to issue Level 1 ADRs in May-June, 2006.

According to NorNickel's management, shares in Polyus Gold, the newly established company to which Norilsk Nickel has assigned all its gold mining assets, could be purchased and sold, as well as freely alienated and assigned starting Thursday, May 4, 2006.

Polyus Gold intends to apply for a listing on 1-2 Russian stock exchanges in May as part of its unbundling from NorNickel, and to issue Level 1 ADRs in May-June. Shares in this new company were distributed among NorNickel's owners listed on the shareholder register as of January 1, 2006 based on 1:1 distribution ratio.

Given rising gold demand (gold prices hit their 25-year high on May 3 on the back of geopolitical instability around Iran which was behind the rise in gold demand on the part of market participants), we believe that stocks of this gold mining company will hold strong investment appeal.

At present, we are in the process of revising our target price of Polyus shares due to changes in forecast gold prices. Our old price was $44 per share.
http://www.fin-rus.com

UBS Starts Polyus At Buy

Wednesday, May 10, 2006 12:02:02 PM ET
Dow Jones Newswires

1443 GMT [Dow Jones] UBS starts Polyus at buy, without a target price, but estimating fair value for the stock at $75, compared with quotes of just over $50 on the gray market. The stock is due to start marketing its IPO in Moscow next week. Analysts Alex Brooks and Alexei Morozov see the company's aim of developing five major projects simultaneously as "challenging but achievable", although it will need $2.3B of capital investment. (GTS)

Polyus wird seit dem 12.05.06 an der RTS gehandelt. Steht derzeit bei 55,5 USD.

http://www.rts.ru/?id=3091&code=PLZL

25. Mai 2006
15:54 MESZ
Russlands größter Goldförderer plant Börsengang im Westen
Ab Juni plant Polus Handel an außerbörslichen Märkten der USA und Europas

Moskau - Der größte russische Goldförderer Polus Soloto, weltweit derzeit die Nummer elf, plant einen Börsengang im Westen. Ab Juni dieses Jahres sollen Amerikanische Hinterlegungszertifikate (ADR) auf 35 Prozent der Polus-Soloto-Aktien an außerbörslichen Märkten der USA und Europas gehandelt werden, berichtete die Moskauer Wirtschaftszeitung "Wedomosti" am Donnerstag unter Berufung auf den Konzern.

Expansionsvorhaben

Der Börsengang müsse noch von der russischen Wertpapiermarkt-Aufsichtsbehörde genehmigt werden. Experten der Investmentbank UBS stufen Polus als schnell wachsendes Unternehmen ein, das relativ günstig produziere. Das frische Kapital werde vor allem für große Expansionsvorhaben benötigt, mit denen Polus bis 2012 zum sechstgrößten Produzenten weltweit aufsteigen will.

Im September 2005 war die Goldsparte des russischen Bunt- und Edelmetallproduzenten Norilsk Nickel zum eigenständigen Unternehmen Polus Soloto ausgegliedert worden. Im Vorjahr förderte das Unternehmen 33,5 Tonnen Gold. Die geschätzten Vorräte belaufen sich nach Konzernangaben auf 1758 Tonnen. Die Förderstätten liegen überwiegend in Sibirien und im Fernen Osten Russlands. Polus-Aktien werden seit Mitte Mai in Russland gehandelt. Die Kontrollmehrheit am Unternehmen bleibt auch in Zukunft beim Norilsk-Nickel-Konzernchef Michail Prochorow und dem Oligarchen Wladimir Potanin (Mischkonzern Interros). (APA/dpa)
http://derstandard.at/?url=/?id=2459028

Börsengang an außerbörslichen Märkten

Rencap Ups Polyus Target To $65 On Audit

Tuesday, June 06, 2006 5:40:29 AM ET
Dow Jones Newswires

0829 GMT [Dow Jones]--Renaissance Capital ups Polyus (PLZL.RS) target to $65 from $57, repeating its buy recommendation, after the company announced results of a new international-standard audit of most of its biggest assets. Analyst Rob Edwards says the audit added 9.7% to his estimate of proven and probable reserves at the assets involved. He also notes that gold prices are still technically well supported and that "the bull run is not over". Shares closed Monday at $51.50. (GTS)

Empfehlung vom 6.6., jetziger Kurs 38 USD.

Mitte Juni...
Die ADRs werden vermutlich mit einem Bananenfrachter über den Teich geschippert.