1. " "............................................................_1

-

4 2012

:1. 3 . (. 03.07.12)

2. 3Premarket: 1400 . (. 03.07.12)

3. 4 $1.600 . (. 03.07.12)

4. 5 COMEX . (Dow Jones, . 03.07.12)

5. 6 COMEX 1600 ./, - 0,4%. (. 03.07.12)

6. 6 NYMEX 0,4% , 1458 ./. (. 03.07.12)

7. 7 NYMEX 580 ./, - 1,1%. (. 03.07.12)

8. 7 COMEX 27,5 ./, - 0,4%. (. 03.07.12)

9. 8 I 15%. (. 03.07.12)

10. 8 . (. 03.07.12)

11. 9 5 - . (. 03.07.12)

12. 10 3 , . (. 04.07.12)

13. 10Petropavlovsk 2012-14 $500 . (. 03.07.12)

14. 11Chalco Ivanhoe SouthGobi. (. 03.07.12)

15. 11Xstrata . (. 03.07.12)

. (. 03.07.12) , 2 , - . : - 1597,9 ./ (-0,14%), - 27,62 ./ (+0,11%), - 1461 ./ (+0,48%), - 580 ./ (-1,55%).

, "" , " ". : , . , - . , .

, Conference Board, 2011. (5,3% ), - . , , .

- 14% 33% , " " . 8:00 , 3 , 1601,1 ./ (+0,23%), - 27,67 ./ (+0,64%), - 1462,9 ./ (+0,31%), - 580,05 ./ (+0,35%).

Premarket: 1400 . (. 03.07.12) , 3 , . . . . , .

, 2 , : 1,1% - 1402,74 , 0,52% 1357,49 . - 397,2 .

: 0,42%, 1362,99 , 0,39% - 1408,16 . 0,9%, 136440 .

2 : FTSE 100 69,49 (+1,25%) - 5640,64 , DAX 79,80 (+1,24%) - 6496,08 , CAC 40 43,55 (+1,36%) - 3240,2 , SMI 42,55 (+0,7%) - 6109,41 , AEX 2,95 (+0,96%) - 310,27 . " " FTSEurofirst 300 1,29% 1033,77 .

: Dow Jones 8,7 (-0,07%), 12871,39 , S&P 500 3,35 (+0,25%) - 1365,51 , NASDAQ 16,18 (+0,55%) - 2951,23 .

3 . 8:00 Straits Times 0,81%, Nikkei 225 - 0,76%, Hang Seng - 1,49%, Shanghai Composite - 0,54%. All Ordinaries - 0,09%.

8:00 3 : S&P 500 0,1%, NASDAQ - 0,2%.

2 . : ICE Brent - 97,21 (-0,56) ./., NYMEX Light Sweet - 83,66 (-1,3) ./.

8:00 Brent 97,85 (+0,64) ./., Light Sweet 84,26 (+0,6) ./.

2 - . : - 1597,9 ./ (-0,14%), - 27,62 ./ (+0,11%), - 1461 ./ (+0,48%), - 580 ./ (-1,55%).

8:00 1601,1 ./ (+0,23%), - 27,67 ./ (+0,64%), - 1462,9 ./ (+0,31%), - 580,05 ./ (+0,35%).

, 3

NYSE . $1.600 . (. 03.07.12)

$1.600 , , .

15.20 $1.610,11 $1.596,68 , $13,40 $1.611,10.

ISM, , 49,7 53,5 52 .

, .

, 25 0,75 . , " " 31 - 1 .

, , .

" , QE3. , ", - Commerzbank .

UBS Wealth Management , , " " - .

" " " , . , 2008 , ".

, $1.550, .

" $1.560, ", - , , $0,70 .

15.20 $27,89 $27,48 , $1.468,25 $1.448,75, - $585,75 $571,75. COMEX . (Dow Jones, . 03.07.12)

, , .

. 3,5% , , , , // .

, , . , , . , .

COMEX, - /New York Mercantile Exchange, NYMEX/, 6,50 , 0,4%, 1597,70 .

/ 1,257 1,266 -.

, , , , . , , , "" , , .

" // ", Bank of America Merrill Lynch. " , , - , ".

- , , . , .

- . /PMI/ 2009 . .

:

: 1592,00 1598,50

: 1597,70 /-6,50 /.

: 27,499 /-11,3 /.

: 1458,30 /+5,90 /.

: 578,00 /-6,55 /. COMEX 1600 ./, - 0,4%. (. 03.07.12)

- COMEX 2 2012. 1600 ./, - 0,4%. COMEX 6,5 ., () 1597,7 ./.

COMEX . - , FOREX. (29 ) COMEX 55 ./ (+3,5%) 1600 ./, .

FOREX 2 (29 ). (ICE dollar index) 0,3% 81,8 , , .

COMEX 2 1587,4-1603,6 ./. :

- (AM Fixing) - 1596,25 ./;

- (PM Fixing) - 1592,00 ./.

. SPDR Gold Trust, , 2 1 . 279,5 - 15 ..

COMEX 1595,3-1614,0 ./. 1610,5 ./, 12,8 . .

, 12 2012. COMEX 1700 ./. 16 2012., 2011. - 1526,7 ./. NYMEX 0,4% , 1458 ./. (. 03.07.12)

- NYMEX 2 2012. 0,4% , 1458 ./. NYMEX 5,9 , () 1458,3 ./ - 20 .. 139,4 . COMEX, 1597,7 ./.

NYMEX - . (2 29 ) 70 ./ (+5%). , 28 2011. 1400 ./. - FOREX.

2 NYMEX 1435,3-1459,2 ./. :

- (AM Fixing) - 1442,00 ./;

- (PM Fixing) - 1441,00 ./.

NYMEX 1449,2-1470,8 ./. 1467,3 ./, 9,0 . . NYMEX 580 ./, - 1,1%. (. 03.07.12)

- NYMEX 2 2012. 580 ./, - 1,1%. NYMEX 6,55 ., () 578,00 ./.

NYMEX . - , (29 ) 3,7% 580 ./, .

NYMEX 2 575,75-586,45 ./. :

- (AM Fixing) - 580,00 ./;

- (PM Fixing) - 580,00 ./.

NYMEX 574,30-585,15 ./. 583,10 ./, 5,10 . .

, 20 2012. NYMEX 700 ./, 26 .. 600 ./. 29 2012. - 584,55 ./ ( 2011.). COMEX 27,5 ./, - 0,4%. (. 03.07.12)

- COMEX 2 2012. 27,5 ./, - 0,4%. COMEX 11,3 , () 27,499 ./.

COMEX . - . (29 ) 5% 27,6 ./, .

COMEX 2 27,185 -27,605 ./. 27,3600 ./.

COMEX 27,390-28,050 ./. 28 ./ .. 27,895 ./, 39,6 .

, 8 2012. COMEX 30 ./. 28 2012., - 26,247 ./ ( 2010.). I 15%. (. 03.07.12) - 2012 6 704 , 15% , "" .

1,5 - 3 531 .

, "" " " 2 621 ( 1,5 ), "" ( " ", " " ) - 576 ( 3,9 ), "" "" - 335 ( 9,4%).

6 3 173 ( 7%).

"" ( " ") : "" - 531 ( 1,2 ), "" - 104 ( 38%), "" - 358 ( 1,2 ), " "" - 470 ( 26%), "" - 206 ( 3,3 ), " " - 122 , " " - 63 .

"" ( ) 607 ( 15,5%), "" - 98 , " " - 120 .

, 2011 17 7 , 6,3% 2010 .

. (. 03.07.12) , , , .

" ? , . , , . , . ", - .

" ( - ), . - . , ", - ..

, 4,5 ( $30 - ). 25 50 .

" - " . " -".

.

5 - . (. 03.07.12) ( , ) 5 8 , "" .

, "-", "" .

: "" (GV Gold), (Nordgold), Sakha Mining ( , " " "" ), "" ( - , ) "" ( , - ; , "").

- () , , 20 , 14 . 121 .

, - .

( 0,6 ) 1 2011 : C1 - 2,184 9,3 4,3 , C2 - 4,065 25,7 ( 6,3 ). C2 157,1 . ( 172 ). , , 1 2009 56 P1 (4,2 ), 332 P2 ( 6,2 ).

- , . "" . " ", 165,8 . 3 , . (. 04.07.12)

a.m. ()p.m. ()

1608,501617,50

583,00591,00

1467,001475,00

-27,92

.

BLOOMBERG

Petropavlovsk 2012-14 $500 . (. 03.07.12)

Petropavlovsk 2012- 2014 $500 (pressure oxidation, POX), , .

, 600 . 2 , 6 .

" $500 2012-14 ( - ), - ..

50% JORC , .

., 2 4 - . , , .

Petropavlovsk 2014 2015 , 2015 2017 .

24% 2014 2018 48% .

, $25 , - $31,3 . : $31,3 .

Petropavlovsk ( , , ). . , 2011 " " . Petropavlovsk $240,5 .

, 2011 23,6% Petropavlovsk, ( , - ) . 7,9% 4,6% . Petropavlovsk BlackRock Inc ( 10%).Chalco Ivanhoe SouthGobi. (. 03.07.12)

Aluminium Corp of China Ltd (Chalco) Ivanhoe Mines 60% SouthGobi Resources, Ivanhoe.

3 5 .

2012 Chalco Ivanhoe 60% SouthGobi Resources 8,48 (8,36 ) . , , 56%.

Ivanhoe 104,8 SouthGobi, 57,6% .

, Ivanhoe 533 889 .

, SouthGobi, , 2013 .

SouthGobi - , .

Chalco . .

Ivanhoe Mines , .

Xstrata . (. 03.07.12)

Xstrata Altona Mining Ltd (51%) Roseby ( , ), .

" Xstrata , Little Eva ( Roseby - ). , ", - Altona (Alistair Cowden).

Roseby 39 17 . 100 0,54% 0,1 / .

Roseby Altona Mining . .

Xstrata Plc 7 : , , , , . , , , , , , . Xstrata 24,9% Lonmin Plc.

24 2012 .