News around the world ( Seite 2360)

Mining commentator David Coffin dies - M.com - Feb 19, 2012
www.mining.com/2012/02/19/mining-commentator-david-coffin-di…

Teck taking another look at iron-ore?; The mystery C$324.000.000 Teck Resources said on Thursday it had invested into unnamed public companies during the 4th quarter caught the curiosity of analysts, but management of the diversified miner was mum over its intentions. All CEO Don Lindsay would say is that the company took advantage of tumbling share prices in the wake of the wobbles the eurzone crisis brought about, but some analysts believe the Vancouver-based firm "might be dusting off its iron-ore ambition" - MW, TOEONTO - Feb 9, 2012

- M. Hill -
www.miningweekly.com/article/teck-taking-another-look-at-iro…

Mining Summary - LC - Feb 22, 2012
http://minesite.com/media/pub/var/release_downloadable_file/…

Beacon Hill Resources Pl - Minas Moatize Coking Coal Project DFS - Feb 22, 2012

+ Definitive Feasibility Study('DFS') completed by independent consultants, TWP Australia Pty Ltd, demonstrates compelling economics for the Minas Moatize Coking Coal Project. Financial modelling, based on a 4.000.000 t/anno Run of Mine('ROM') operation producing on average 2.200.000 t/anno of saleable coking +thermal coal during mine life using a 13% discount rate, demonstrates:

- NPV13(pre-tax) US$662.000.000

- Internal Rate of Return('IRR') 79.5%

- Life of Mine 11.5 years


+ Total JORC Mineable Reserve of 42.650.000 t including a Marketable Reserve of 23.460.000 t, of which @least 8.720.000 t will be coking coal

+ An average life of mine operating cost of -US$58.5/t FOB Beira.

+ Total project capital estimate of US$166.000.000 inclusive of US$42.000.000 for EPCM, contingency +other indirect costs

+ Capital estimate reduces to US$18.000.000 utilising the Group's proposed Build, Own, Operate('BOO') model for key infrastructure items

+ Independent marketing study indicates Minas Moatize Hard Coking Coal will attract a long term price around Standard Hard Coking Coal benchmarks

+ Potential to improve economics of project +life of mine through further work ...
www.rns-pdf.londonstockexchange.com/rns/8514X_-2012-2-21.pdf

Strategic Natural Resources Plc - Resource Update; David Nel: "We are pleased to provide this brief insight into these promising results identifying an increase of ~33% in our resource calculation. The ~200.000.000 tonne coal resource we now estimate exists on only 8.500 hectares, which is <5% of our total 184.000 hectare rights area. Mr. Connan Hempel, our senior geologist, +his team have done a superb job drilling in arduous conditions. We are grateful to our highly qualified +committed geological +drilling team for the results they have been able to deliver in ´11" - Feb 22, 2012
www.iii.co.uk/investment/detail?code=cotn:SNRP.L&display=new…

Sunridge Gold - Announces New Higher Grade Resource for the Adi Nefas Deposit Asmara Project, Eritrea - Feb 22, 2012

+ Indicated resources in the primary zone are 1.800.000 tonnes averaging 10.05% zinc, 3.31 g/t gold, 1.78% copper +115g/t silver

+ Total contained metals in the Indicated categories @Adi Nefas are estimated as:

- 408.000.000 pounds of zinc
- 72.200.000 pounds of copper
- 196.000 ounces of gold
- 6.810.000 ounces of silver. ...
www.marketwire.com/press-release/sunridge-gold-announces-new…

Wavefront Technology Solutions - Leading Argentina Producer Pan American Energy Using Powerwave; Joins Pluspetrol as 2nd Argentinean Oil Producer To Use Powerwave To Tap Full Production Potential; B. Davidson: "Wavefront is very pleased to be adding PAE, the 2nd largest oil producer in Argentina , with additional operations in Chile to our growing list of clients. PAE is a company with a reputation for using the best available technologies in the industry. We are confident that Powerwave will bring significant benefit to PAE by increasing current production rates, and more importantly, maximizing ultimate oil recovery well beyond those currently estimated for the field" - Feb 22, 2012
www.marketwire.com/press-release/wavefront-technology-soluti…

Merc International Minerals - Announces Initial NI 43-101 Resource of 1.446.000 Ounces Gold I, @Colomac; D. Wiley: "We see this initial 1.446.000 ounce inferred gold resource as a significant starting position, +we believe that we will be able to expand +upgrade the resource over the coming months through our ´12 drilling program. The acquisition of the Colomac property materially changes the profile of Merc, +Colomac now represents the backbone of the Company's combined projects within our existing 234.000 acre property package" - Feb 22, 2012

+ Total Inferred Mineral Resources are estimated to be 42.650.000 tonnes with an average grade of 1.05 grams/tonne gold("g/t Au" ) for 1.446.000 oz Au;

+ Limited historical drilling discovered a high grade shoot below the main deposit tracing it to a depth of 1.000 metres. This shoot is not included in the current resource estimate. The potential for additional high-grade shoots exists over the Colomac Dyke's seven kilometre strike length; +

+ Colomac's tonnage +contained ounces are expected to increase due to the deposits' significant exploration prospects. Potential high grade shoots, if delineated, may lead to an increase the average grade. ...
http://finance.yahoo.com/news/Merc-Announces-Initial-NI-43-c…