Globe Metals & Mining - Uran, Niob, Tantal, Zirkon - Fakten (Seite 125)

[Reiners]

Globe takes great stride with niobium

05 Sep 2011

It was standing room only last Thursday at the Africa Down Under Conference in Perth when Globe Metals & Mining's managing director, Mark Sumich, took to the stage.

Sumich had an interesting story to tell about Globe's African ambitions. But he is big enough to admit that the big crowd was chiefly there to hear what the next speaker, Rio Tinto's David Joyce, had to say about iron ore markets. Still, Sumich was not about to miss the opportunity to bring the mass in attendance up to date on Globe's fast-evolving plan to become a producer of speciality metals, with niobium from sunny Malawi the first cab off the rank.

As it turned out, Globe's presentation was nicely timed in that while niobium is little known in average sharemarket investor circles, it has been the subject of some big industry shifts in recent months. Used as a micro-alloying agent to both lighten and strengthen high-quality specialty steels, niobium has enjoyed 10 per cent compound consumption growth in the last 10 years.

The beauty of the stuff is that it delivers lots of benefits without being a big cost factor - less than 0.5 per cent of the total cost tonne of steel. When used in the construction of the Millau Valley bridge in southern France at the rate of 0.025 per cent per tonne of steel, it reduced the overall weight of the bridge by some 60 per cent.

Little wonder then that prices for the stuff have risen from around $US12 a kilogram in 2000 to an average of $US32 a kilogram in 2010. Most agree it is heading to a long-term price of $US45 a kilogram, with demand very much linked to booming global steel production. In fact, niobium consumption has been rising at twice the rate of steel consumption, such are the cost benefits of using lighter yet stronger steel across the construction, automotive, aerospace and oil-gas industries.

Global production of niobium is dominated by Brazil's privately-owned CBMM with an 82 per cent market share. Last week it struck a deal to sell a 15 per cent stake in niobium operations to a bunch of Chinese steelmakers for a cool $US1.95 billion ($1.83 million).

Add back a retained 25 per cent net profit interest, and the deal effectively values the CBMM niobium business at $US17 billion ($15.97 billion). That's the same deal struck by a bunch of Japanese and Korean steelmakers earlier this year when they too picked up 15 per cent of CBMM's niobium business.
That all makes for interesting reading given Globe is well advanced in plans to become a niobium producer from Kanyika in Malawi from 2014.

A definitive feasibility study into the development is due for completion in the September quarter next year. Financial modelling has pointed to Kanyika being a robust project, with capital payback on a $US155 million ($146 million) development of three years.

It won't be a world beater in terms of scale, with initial annual output of 3000 tonnes of niobium representing less than 4 per cent of current global production. It's a scale of output that should be easily accommodated without causing damage to the niobium market.

That is particularly so when it is remembered that if the forecasters are right, Globe's planned output would represent no more than six months of one year's projected growth in the global niobium market.
Globe also has other projects at an earlier stage of development in Malawi (rare earths) and Mozambique (rare earths and fluorite).

But in light of the dealings in CBMM, it is the potential of Kanyika that should be underpinning the market's thinking on the stock. However, it does not look like there's been much thinking about the stock. At Friday's closing price of 19¢ a share, Globe was being valued at about $43 million. That was less than its cash holding at June 30 of $44 million.

Read more: http://www.smh.com.au/business/globe-takes-great-stride-with…

[Reiners]

Globe heute im plus mit gutem Volumen, trotz schwachem Markt.

Dies wohl der Grund:

http://www.smh.com.au/business/malawi-explorer-now-in-its-el…" target="_blank" rel="nofollow ugc noopener">
http://www.smh.com.au/business/malawi-explorer-now-in-its-el…

Danke Maigret, fürs finden und einstellen bei HC


Malawi explorer now in its element

Barry FitzGerald
September 5, 2011


Globe Metal's search has attracted a lot of interest and a heavyweight shareholder.

IT WAS standing room only last Thursday at the Africa Down Under conference in Perth when Globe Metals & Mining (ASX: GBE) managing director Mark Sumich took to the stage. Sumich had an interesting story to tell about Globe's African ambitions. But he is big enough to admit that the big crowd was chiefly there to hear what the next speaker, Rio Tinto's David Joyce, had to say about iron ore markets.

Still, Sumich was not about to miss the opportunity to bring the mass in attendance up to date on Globe's fast-evolving plan to become a producer of specialty metals, with niobium from sunny Malawi the first cab off the rank.

As it turned out, Globe's presentation was nicely timed in that while niobium is little known among your average sharemarket investor circles, it has been the subject of some major industry shifts in recent months.
Advertisement: Story continues below

Used as a micro-alloying agent to both lighten and strengthen high-quality specialty steels, niobium has enjoyed 10 per cent compound consumption growth in the past 10 years.

The beauty of the stuff is that it delivers lots of benefits without being a big cost factor - less than 0.5 per cent of the total cost per tonne of steel. When used in the construction of the iconic Millau Valley Bridge in southern France at the rate of .025 per cent per tonne of steel, it reduced the overall weight of the bridge by about 60 per cent.

Little wonder then that prices for the stuff have risen from about $US12 a kilogram in 2000 to an average of $US32 a kilogram last year. Most agree it is heading to a long-term price of $US45 a kilogram, with demand very much linked to booming global steel production. In fact, niobium consumption has been rising at twice the rate of steel consumption, such are the cost benefits of using lighter yet stronger steel across the construction, automotive, aerospace and oil-gas industries.

Global production of niobium is dominated by Brazil's privately owned CBMM with an 82 per cent market share. Last week it struck a deal to sell a 15 per cent stake in niobium operations to a bunch of Chinese steel makers for a cool $US1.95 billion ($A1.8 billion).

Add back a retained 25 per cent net profit interest and the deal effectively values the CBMM niobium business at $US17 billion. That's the same deal struck by a bunch of Japanese and Korean steelmakers this year when they, too, picked up 15 per cent of CBMM's niobium business.

That all makes for interesting reading given Globe is well advanced in plans to become a niobium producer from Kanyika from 2014.

A definitive feasibility study of the development is due for completion in the September quarter next year. Financial modelling has pointed to Kanyika being a robust project, with capital payback on a $US155 million development of three years.

It won't be a world beater in terms of scale, with initial annual output of 3000 tonnes of niobium representing less than 4 per cent of global production. It's a scale of output that should be easily accommodated without causing damage to the niobium market.

That is particularly so when it is remembered that if the forecasters are right, Globe's planned output would represent no more than six months of one year's projected growth in the global niobium market.

Niobium is not the end of Globe's ambitions. It has a number of other projects at an earlier stage of development in Malawi (rare earths) and Mozambique (rare earths and fluorite).

But in light of the dealings in CBMM, it is the potential of Kanyika that should be underpinning the market's thinking on the stock. Having said that, it does not look that there has been much thinking at all about the stock. At Friday's closing price of 19¢ a share, Globe was being valued at about $43 million. That was less than its cash holding at June 30 of $44 million.

Now, it is way too early, and very silly, to apply the valuation metrics in the CBMM deals to what Kanyika might be worth to Globe. But Garimpeiro feels no such constraints, pointing out that if Kanyika was up and running and enjoying the same sort of margins and mine life as CBMM, you would be looking at a value of near on $600 million, based on the CBMM valuation metrics.

The trick for Globe now is to capture some of that upside. What can be said with some certainty is that, unlike a lot of juniors out there with big-time ambitions, Globe has the backing to make it happen.

That's because it has Chinese state-owned ECE as a 52.8 per cent shareholder. The miner took up the position earlier this year, the attraction being the niobium project and Globe's rare earths potential.

While the management team under Sumich has been left intact, there is no doubt that the deal alienated some investors in the stock. That has about washed out and means that from here on in, Globe will be judged on meeting the Kanyika milestones it has set. Some exploration excitement on the rare earths front won't hurt either.

[Reiners]

Malawi has significant potential for rare-earth elements – Geological Survey

By: Marcel Chimwala
2nd September 2011


TEXT SIZE Malawi’s Geological Survey Department (GSD) and the Japan Oil, Gas and Metals National Economic Corporation have completed a ground-truthing exercise that has confirmed that Malawi has a number of unexploited areas with potential for rare earths prospecting.

GSD director Leonard Kalindekafe says the exercise established that the rare-earth deposits in Malawi are of the carbonatite and alkaline rock type, though it is also possible that other types also exist.

He says a number of carbonatite zones occur in the Chilwa alkaline province, in the southern region of the country. These include Kangankunde, in Balaka, Tundulu and Songwe, in Phalombe, and Chilwa Island, in Zomba.

Australian firm Lynas Corporation is currently conducting rare earths prospecting work in the Kangankunde area, in the eastern region.

Surveys carried out by the Japanese in the late 1980s and by the French in the early 1990s proved about 11-million tons of ore with an average grade of 2% for rare earths and 8% for strontium at Kangankunde.

“However, on Kangankunde hill, only the central part was investigated. The northern and southern extensions of the hill, which are also carbonatites, probably host economic quantities of rare earths, which extend to greater depths.

“These observations imply that the country’s rare earths resources far exceed the 11-million tons documented for Kangankunde, and Malawi could become one of the major sup- pliers of rare earths,” says Kalindekafe.

He adds that there is a possibility that sizeable quantities of rare earths could be discovered at Songwe, where exploration under- taken in the late 1980s by the Japanese Inter-national Cooperation Agency and the Metals & Mining Agency of Japan indicated the existence of 140-million tons of rare earths.

The deposit also hosts terbium, a mineral used in a number of applications, mainly in the semiconductor industry as a dopant.

Meanwhile, Canadian-listed firm Mkango Resources is in the final phases of a drilling programme at Songwe hill.

Kalindekafe says that the Tundulu deposit, south of Lake Chilwa, reportedly boasts large quantities of rare-earth minerals, mainly bastnaesite, and also contains substantial reserves of apatite, used in the manufacture of superphosphate fertliser.

“It is also a large apatite deposit. The total reserve was estimated at 200 000 000 t in 1999,” says Kalindekafe.

Local fertiliser manufacturer Optichem currently holds prospecting rights for the deposit, which it survey-drilled in 2009.

Kalindekafe says of the Lake Chilwa deposit: “Carbonatite forms a ring structure and the inner rock contains more iron with ankerite. Bastnaesite and synchysite are concentrated in the ankeritic carbonatite core. Niobium, on the other hand, is dominant in the outer calcitic carbonatite.”

However, he says the geology of the deposit is poorly understood because the surface is covered by thick alluvium.

The GSD has identified other carbonatite deposits at Nkalonje and Matoponi, south of Lake Chilwa, and at Kongwe, Liperembe, Kawanula, Aligomba and Achirundu, west of Lake Malombe.

China supplies about 95% of the world’s rare-earth elements.

However, China’s central government is restricting the export of the elements.

[Reiners]

JV partners scaling up exploration for rare earths at Malawi prospect

By: Marcel Chimwala
2nd September 2011

TEXT SIZE ASX-listed Globe Metals & Mining and its joint venture (JV) partner, Resource Star, are scaling up exploration for rare-earth elements at their Machinga site, in south-eastern Malawi.

Globe’s Africa projects manager, Dries Kruger, says the work the JV is undertaking includes infill drilling on the main zone and geophysical and sampling on the remaining anomalies in the licence area.

“Results from the 2010 exploration programme indicated several zones of rare-earth element and niobium mineralisation.

“What is significant about the rare-earth element mineralisation at Machinga is the fact that it has a high ratio of heavy rare-earth elements which are more valuable than the more abundant light rare-earth elements. Specifically, dysprosium is well represented at Machinga, with values of up to 970 ppm in some drilling intervals,” says Kruger.

Prior to signing a JV agreement with Globe, Resource Star conducted sampling and exploration at Machinga, producing encouraging results.

Meanwhile, Globe has also reported encouraging results for its rare earths exploration project at Salambidwe, in Mwanza.

Kruger explains that soil and rock-chip sampling showed encouraging results for rare-earth-element mineralisation, which included a peak value of 2% total rare-earth elements and a dysprosium value of 214 ppm.

“These results are very encour- aging, taking into account that the sampling programme was very limited. Exploration work will continue later in 2011,” he says.

Rare-earth element prices have skyrocketed over the last year, since China, which produces 95% of the minerals, imposed export quotas.

Since January, prices have risen three- to fivefold and dysprosium is now worth almost $1 000/kg.

The prices are forecast to further increase by 60% between 2011 and 2015.

Rare-earth elements are used in high-tech applications, including magnets, electronics and guidance systems for missiles.

Globe is also carrying out a definitive feasibility study at the Kanyika niobium project, in northern Malawi, following an investment agreement that it signed with Chinese Exploration & Mining Company, which has invested $48-million in Globe for a 53% stake in the ASX-listed company

[Reiners]

Ein paar große Chinesische Stahlfirmen haben es wohl mit der Angst bekommen, nachdem sich die Japaner und Koreaner sich 15% an CBMM gesichert hatten, und sind jetzt ebenfalls mit 15% eingestiegen.

-----------------------------------------------------------

Chinese firms take 15 pct stake in Brazil's niobium producer CBMM
English.news.cn 2011-09-01 11:19:37

TAIYUAN, Sept. 1 (Xinhua) -- Three Chinese firms have jointly acquired 15 percent of stake in the world's largest supplier of niobium, Brazil's CBMM.

The Taiyuan Iron and Steel (Group) Co. Ltd. headquartered in northern Shanxi Province, CITIC Group and the Shanghai-based Baoshan Iron and Steel Group (Baosteel) have jointly set up a new firm -- China Niobium Investment Holding Co. --, through which they acquired the CMBB stake for 1.95 billion U.S. dollars.

The business transaction will be completed on Thursday, said sources with the Taiyuan Iron and Steel (Group) Co. Ltd..

CBMM's niobium output accounts for 85 percent of the world's total. The rare metal element is important for making superalloys.

[Reiners]

Einschätzung Tantalmarkt

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Strategy Metals Bulletin (44)

Terence van der Hout Aug 21 - 27, 2011


Aims to update investors on developments in the world of strategy metals –
crucial inputs to industry, defense and technology innovation

This week’s bulletin focuses exclusively on tantalum.

Tantalum fundamentals

Despite this being a newsletter that claims to cover the most critical of metals,
market developments and my personal expertise have made me focus primarily on
the rare earth elements in the past. However, the situation in the tantalum
markets are just as fascinating from a critical and strategic standpoint, and deserve
attention. Analogous to the REE, tantalum is in short supply due to a number of
market and political developments, and this has forced end-users to travel up the
supply chain to secure supplies.

Tantalum is used in electronics capacitors which are found in consumer electronics
products such as cell phones and computers. It is virtually irreplaceable in helping
to enable miniaturization of electronics. Tantalum is also used in chemical and
pharmaceutical processing, aerospace, energy and ballistic applications. The total
market for tantalum metal is just over 1,000 tons, so the market should be
considered very small. Supply and demand were in balance in 2008.

Tantalite ore prices remained fairly constant at $40 per pound from 2007 into
2009, but starting midyear 2009 prices began to increase dramatically. In less than
a year, tantalite ore prices more than doubled, with prices in June 2011 peaking at
$132 per pound. What has caused this rise?

Two developments have impacted the tantalum market in recent years. Firstly, as
a consequence of the 2008 market crash, two major tantalum producers (GAM
and Cabot) ceased producing at their respective Wodgina and TANCO mines,
effectively cutting global supply by 40%. Wodgina has now been reopened, but is
producing at half of its previous capacity, whilst TANCO has yet to be reopened.
The second development has been the passing of the “Conflict Minerals Act”, a
part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
This bill mandates all actors in the mineral supply chain to prove that their
minerals are conflict-free. The measure, estimated by manufacturers to cost
between $9 bil - $16 bil to implement, came into effect last April and is meant to
avoid mineral wealth ending up in the hands of those who fund (often extreme)
violence. It has had a particular effect on tantalum coming from the Democratic
Republic of Congo, traditionally one of the largest suppliers of tantalum, and
China’s main source of the metal. The government of the Democratic Republic of
Congo halted all mining operations in the region in September of last year,
reducing the overall available supply by another 16%.

Thus, within a matter of 2 years, the global supply of tantalum was decimated by
almost 60%, with 2010 supply coming from just 4 major operations in Brazil,
Ethiopia and China. Barring the 2008 crash, however, demand has not lagged. On
the contrary, demand has increased 10% annually over the last decade or so, led
by the insatiable need of the electronics sector, and China’s increasing demand.
These developments are putting huge strains on market supplies. The gap
between supply and demand has widened significantly, and consumers are
becomingly increasingly concerned about future supply. In a study published in
early 2010, Paumanok Publications stated: “We estimate based upon the closing of
the primary mining operations in Australia, Mozambique and Canada, that a
deficit will build in the market in CY 2010 and CY2011 and then peak in CY 2012.”
This was before it became clear that DR Congo tantalum would be taken off the
market as well.

Tantalum is rare enough in the sense that there are no alternative suppliers, and
stockpiles are running low. If a stockpile runs out, paying higher prices isn’t going
to help, because there isn’t any raw material on the market. Electronic parts will
simply not get delivered. Thus, tantalum is truly critical. Insiders state that
companies typically have between 3-12 months of stockpiles, and some may run
out any day now.

What is the industry doing to secure access to ethical tantalum in very tight
supply? The first to move, as ever, are the Asians. After the passing of the Conflict
Minerals Act, the Chinese were reported to be searching out all non-Congolese
supplies of tantalum. A short while later, Brazilian Fluminense signed an
agreement with the Chinese, off-taking 75% of their production, effectively taking
all the ethical tantalum out of the market place for the short to medium term.
A second strategy has transpired in the acquisition of Cabot Corporation’s
tantalum processing business by tantalum producer GAM. According to some
experts, the deal is very significant in terms of being the first vertically integrated,
conflict-free tantalum supply chain. It is a case in which the balance of power
would switch from the fabricator to the raw material supplier. As an interesting
aside, GAM is backed by commodity-focused private equity group Resource
Capital Funds and is 20% owned by Traxys. Both of these financial power houses
have significant stakes in Molycorp, which in turn owns REE and tantalum
processor Silmet. The two funds are becoming forces to be reckoned with in the
financing of strategic metals.

A third strategy is to prove the tantalum you use in your manufacturing process
that has been sourced in the DR Congo, is in fact conflict-free. AVX and Kemet
Corporation, two manufacturers of tantalum capacitors, are implementing
separate pilot programs to demonstrate a process that will deliver conflict-free
tantalum. Registered artisanal miners will mine ore at one designated site outside
of the conflict areas. The ore is shipped to a smelter, which makes tantalum
powder and wire. This in turn is input to AVX’s capacitors.

A fourth strategy has focused on recycling of tantalum from electronic appliances.
Tantalum suppliers are asking their customers to sell back their scrap or risk not
being supplied at all with the material they need. In other words, supply is so tight
that end customers will only be able to continue production if they contribute the
tantalum content from used goods themselves.

So demand continues to remain strong, supply has been severely curtailed and will
take a while to recover, if at all, and stockpiles are being depleted. The market is in
deficit. The raw material is produced in small volumes and is a crucial and largely
irreplaceable input in high tech products, particularly in the capacitor/
semiconductor markets. It is produced in countries that are not regarded as a
reliable source, and demand is high in China. These are classic symptoms of a raw
material that is critical and strategic, and for which reliable sources in stable
western jurisdictions would be expected to receive a premium. A few Canadian
niobium/ tantalum projects are in fairly advanced phases of development, and
could provide for this much needed supply within a couple of years.

[power_48]

Investor Update

Mark Sumich – Managing Director

Africa Down Under Conference, 1 September 2011

http://stocknessmonster.com/news-item?S=GBE&E=ASX&N=555450

[Reiners]

Bin begeisterter Fan von Deinem Einsatz hier im Thread !!!

Danke

Wo siehst Du GLOBE am Ende des Jahres und in Zukunft und wie erklärst Du dir die eklatante Unterbewertung der Aktie ???

Kurs Ende des Jahres hängt von der Börsenlage und dem dann aktuellen Newsflow von Globe ab.

Kursziele zum Jahresende sind daher unseriös. Wichtiger ist, dass Sie die Projekte mit ECE in Produktion bringen. Kann also sein, dass es noch eine Zeit dauert, bis hier wirkliche Kurssteigerungen zu sehen sind. Aktuell ist hier auf jeden Fall keine Fantasie im Kurs bezahlt. (Gut für Käufer, schlecht für Verkäufer) Siehe auch die niedrigen Handelsvolumen und dem Kurs auf Cashniveau.

Wichtig jetzt die nächsten Stepstones. Q1/2012 Ressourcenschätzung von Projekt 2, Q3/2012 Bankenstudie zu Projekt 1

Bist Du(wir) denn die Einzigen, die den wahren Wert der Aktie erkennen ??

Nee, ansonsten wäre der Kurs bei 1 cent. Ein Gutachten kam zu einem fairen Wert von 55 audcent, ECE (hinter dem der Chinesische Staat sich verbirgt) hat 40,5 audcent bezahlt. Also es gibt schon eine größere Adresse, die den theoretischen Wert von Globe glaubt zu kennen

[MOENKTHEMACHINE]

Hallo REINERS,
Bin begeisterter Fan von Deinem Einsatz hier im Thread !!!
Wo siehst Du GLOBE am Ende des Jahres und in Zukunft und wie erklärst Du dir die eklatante Unterbewertung der Aktie ???
Bist Du(wir) denn die Einzigen, die den wahren Wert der Aktie erkennen ??
Liebe Grüsse
MTM(MOENKTHEMACHINE)

[Reiners]

http://cb.iguana2.com/netwealth2/depth/gbe

Orderbuch sieht zur Zeit sehr "aufgeräumt" aus.