News around the world - 500 Beiträge pro Seite (Seite 52)

[Popeye82]

Mines job modelling questioned; "Questions are being raised" about the pressure placed on consultants used by mining companies, as an expert claims out-dated data was used in Rio Tinto’s Warkworth mine approval - MA - Apr 30, 2013

- Vicky Validakis -
www.miningaustralia.com.au/news/mines-job-modelling-question…

[Popeye82]

Graduates feeling brunt of mining slowdown, Staff turnover @mining companies has fallen ~5% over the last six months, to 14.8%/annum, according to figures from Mackie Employer Solutions - MA/TWA/MES - Apr 30, 2013

- Malavika Santhebennur -
www.miningaustralia.com.au/news/graduates-feeling-brunt-of-m…

[Popeye82]

Axing fuel tax credits will hurt mining industry: QRC; The mining industry says that "any move to cut the fuel tax credits for the off-road use of diesel mine vehicles will "threaten the viability of future developments" ", "Speculation is mounting" that that the federal government will axe the fuel tax credit for mining companies, as a way of raising an estimated $2.000.000.000, to fund the Government’s big ticket spending commitments", The move comes as Julia Gillard yesterday announced a $12.000.000.000 hole, in tax revenue forecasts, this financial year - MA - Apr 30, 2013

- Vicky Validakis -
www.miningaustralia.com.au/news/axing-fuel-tax-credits-will-…

[Popeye82]

Sumatra Copper &Gold - Award of Final Forestry Permit for Tembang Project - Apr 26, 2013
http://stocknessmonster.com/news-item?S=SUM&E=ASX&N=632927

[Popeye82]

Avino Silver &Gold Mines - Doubles Processing Capacity, to 500 Tonnes/Day With Second Circuit, CircuitII brings the current processing capacity @the plant to 500 t/d. Avino "plans" to further expand the plant -to 1.500 t/d, with the re-commissioning of an additional 1.000 t/d circuit(“circuitIII”), to be completed in ´14, which will be used to treat new material from the historic main Avino mine - Apr 29, 2013
www.avino.com/i/pdf/nr/2013-04-29_NRa.pdf

[Popeye82]

Fancamp Exploration - Lac Lamelee South Iron Project Yields Inferred Mineral Resources of 520.000.000 Tonnes @39.5% Fe2O3(27.6% FeT) - May 2, 2013
www.fancampexplorationltd.ca/images/NR/2013/05022013NR.pdf

[Popeye82]

Bauxite Resources - announces an Interim Darling Range Resource Increase of 74% -to 127.500.000t @39.6% Al2O3 M/I/I, for a new Global Resource of 196.500.000t @40.1% Al2O3 M/I/I - May 2, 2013
http://bau.live.irmau.com/IRM/Company/ShowPage.aspx/PDFs/124…

[Popeye82]

Wolf Minerals - signs debt facilities +binding offtake agreements - May 10, 2013
www.wolfminerals.com.au/asx-announcements/asx-announcements

[SEPP_EIXLBERGER]

Antwort auf Beitrag Nr.: 44.625.665 von Popeye82 am 13.05.13 23:14:13

I hob Di vermißt,sche daß'd do bist!

P&L
SEPPi

[Popeye82]

Labrador Iron Mines Holdings - Elizabeth Taconite Resource: 620.000.000 tonnes @31.8% Fe I +350.000.000 -600.000.000tonnes @31.9% Fe "exploration potential" - Jun 24, 2013
www.labradorironmines.ca/pdf/06-24-2013-Elizabeth-Taconite-R…

[Popeye82]

Buchans Minerals/Minco Plc - announce maiden resource: 43.710.000 tonnes @9.98% manganese @Plymouth deposit, New Brunswick, Canada - May 8, 2013
www.buchansminerals.com/Portals/0/News/2013%20News/BMC_PR_12…

[Popeye82]

New Millennium Iron - Announces new resources, @Howells Lake -Howells River North deposit: 10.941.000.000 tonnes @~30.19% Total Fe, NML is now "firmly established amongst the world’s largest holders of iron ore resources" - May 23, 2013
www.nmliron.com/data/attribute/upload/NR1315.pdf

[Popeye82]

MorphoSys AG - unterzeichnet globale Lizenzvereinbarung mit GlaxoSmithKline, für MOR103, gegen entzündliche Erkrankungen; MorphoSys erhält "gesicherte +erfolgsabhängige Zahlungen von "bis zu" 445.000.000 Euro, sowie zweistellige Tantiemen auf Nettoverkäufe" - Jun 3, 2013
www.morphosys.de/pressrelease/morphosys-unterzeichnet-global…

[Popeye82]

Western Potash - Receives "Strategic Investment" from China BlueChemical Ltd., a majority owned subsidiary of China National Offshore Oil Corporation(“CNOOC”), the largest offshore oil +gas producer in China, +GUOXIN International Investment Corporation Limited, for a total of 45.040.876 newly issued common shares @$0.71/common share, In addition, Western +CBCHC have agreed to an off-take "term sheet", under which CBCHC, or a purchaser designated by it, will enter into an off-take agreement, for the purchase of the lesser of 30%, or 1.000.000tonnes of potash/anno from Western’s Milestone project, for a 20 year term - Jun 2, 2013
www.westernpotash.com/news/western-potash-corp-receives-stra…

[Popeye82]

"Grim warning, for mining services firms" - MA - May 30, 2013

- Malavika Santhebennur -
www.miningaustralia.com.au/news/grim-warning-for-mining-serv…

[Popeye82]

Manas Resources - Bankable Feasibilty Study "confirms Shambesai Gold Project as a "premium low-cost, high-margin operation" " - May 27, 2013

"Highlights" of the Bankable Feasibility Study:

+ "Projected" net cash flow US$148.000.000, after capital, taxes +royalties(excluding financing costs) from the production of 227.000 ounces of gold, over a 4 ½ year mine life @a US$1.400 gold price

+ Average life-of-mine cash costs(C1 costs excluding royalty) of US$387/ounce of gold, "placing Shambesai in the lowest quartile of cash costs, for gold producers worldwide"

+ Total life-of-mine costs(C3), after capital +tax, "estimated to be" US$676/ounce of gold

+ Capital expenditure to 1st gold pour of US$41.000.000, with an "expected" pay back of 11 months

+ Post-Tax Net Present Value(NPV) of US$105.000.000, with an Internal Rate of Return of 67%, @an 8% discount rate +US$1.400 gold price

+ BFS based on a Proved +Probable Reserve of 2.540.000 tonnes @3.4 g/t gold, for 277.000 ounces of gold; demonstrating a significant increase in JORC Classification, amount of oxide material +expected head grade from the previous DFS Mining Inventory

+ "Simple, low-cost vat leach +heap leach operation", with "projected" 84.8% overall gold recovery; including +90% gold recovery for oxide material including a +80% contribution from the vat leach

+ Permitting timetable continues on schedule to allow start of plant construction in early ´14, with a 9-month construction time to commissioning "estimated" ...
www.manasresources.com.au/aurora/assets/user_content/MSR-ASX…

[Popeye82]

Yorbeau Resources - &Gold Fields Enter Into an Option +Joint Venture Agreement, for the Rouyn Property - May 22, 2013
http://finance.yahoo.com/news/yorbeau-gold-fields-enter-opti…

[Popeye82]

Potash Minerals - Maiden JORC Resource "Confirms "World Class" Potash Project": 902.400.000 tonnes @20.3% potassium chloride equivalent(12.8% potassium oxide) M/I/I, defined on <20% of the 405 square kilometre project area, encompassing an area of the Hatch Point project, "One of the largest +best grade potash resources in the USA" - May , 2013
www.asx.com.au/asxpdf/20130520/pdf/42fzfcjqkv0gfz.pdf

[Popeye82]

South American Silver - Updates Resources @Escalones, in Chile - Jun 28, 2013
www.soamsilver.com/june-28-2013-news-release.asp

[Popeye82]

EnWave - Signs Commercial License with Hormel Foods Corporation, a Fortune 500 company - Jun 28, 2013
www.enwave.net/media/enwave_signs_license_with_hormel.pdf

[Popeye82]

Resource Generation - Domestic offtake contract signed, for 3.000.000tonnes/anno with Noble Resources International Pte. Ltd, - Jun 4, 2013
www.stocknessmonster.com/news-item?S=RES&E=ASX&N=738559


Loan obtained for rail link - Jun 28, 2013
www.stocknessmonster.com/news-item?S=RES&E=ASX&N=742277

[Popeye82]

Argex Titanium - Announces Purchase Agreement With PPG, "the world’s leading coatings +specialty products company" - Jun 27, 2013
http://argex.ca/documents/Argex-PPG.pdf

[Popeye82]

Sirius Minerals Plc - Initial UK +European Sales Agreements - May 28, 2013
http://otp.investis.com/clients/uk/sirius-minerals/rns/regul…


"Major Polyhalite Offtake Contract" signed - Jun 27, 2013
http://otp.investis.com/clients/uk/sirius-minerals/rns/regul…

[Popeye82]

Atico Mining - reports Initial Resource: 1.580.000 tonnes @4.45 % Cu +3.17 g/t Au I, @El Roble Mine, Colombia; F. E. Ganoza: "We are "extremely pleased" with the out come of our initial mineral resource estimate, for El Roble mine. The grades "continue to be remarkable @depth" +the volume is "very encouraging", given the deposit is still open @depth +along strike. The resource estimate, along with the recently completed engineering studies +assessment of current operations, " "support" Atico’s plan, to exercise the option agreement this year +"quickly bring newly discovered resources into production", using the existing operating mine +mill infrastructure" "
- Jun 26, 2013
www.aticomining.com/i/pdf/news/NR_26JUN13.pdf

[Popeye82]

Wolf Minerals - Award of GBP 85.000.000 Mining Services Contract - Jul 2, 2013
http://wlf.live.irmau.com/irm/Company/ShowPage.aspx/PDFs/123…

[Popeye82]

Allana Potash - Announces Updated Mineral Resource Estimate -of 3.563.800.000 Tonnes @~16.6% KCI M/I/I - Jun 26, 2013
www.allanapotash.com/s/News.asp?ReportID=590191

[Popeye82]

Eagle Star Minerals - Makes " "Strategic Acquisition", of Former Vale Phosphate Areas, @Bomfim" - Jul 16, 2013
http://eaglestarminerals.com/2013/07/16/eagle-star-makes-str…

[Popeye82]

Zecotek Photonics - &Hamamatsu Photonics, the "world’s leading supplier of optoelectronics components" , Sign Joint Collaboration +Commercialization Agreement - Jul 16, 2013
www.zecotek.com/EN/426/2490

[Popeye82]

Balamara Resources - secures "advanced world-scale coking Coal project" - Jul 24, 2013
www.readcorporate.com.au/files/april2013/July%202013/BMB_240…

[Popeye82]

Black Iron - &Metinvest B.V. "Finalize Arrangement to Develop Ukrainian Iron Ore Assets" - Jul 23, 2013

+ Development Arrangement &US$20.000.000 Investment "Potentially positions Metinvest as an Influential Shareholder of Black Iron's Development Projects"

+ The Arrangement " "will" come into Force after obtaining all Necessary Permits from Government Agencies", Including Antimonopoly

+ Additional "Potential Investment by Metinvest "Could reach "as much as" US$536.000.000" "

+ Metinvest is a Vertically integrated Steel &Mining Group of Companies, which Produced 36.200.000 t Iron Ore, 11.600.000 t Coal &12.500.000 t Steel in ´12(Ukraine's largest Company) ...
www.blackiron.com/News/Press-Release-Details/2013/Black-Iron…

[Popeye82]

Tigray Resources - Initial Drilling @VTEM09 Intersects "up to" 10.69 Metres @3.47% Copper, 4.2 Grams/Tonne Gold, 3.69% Zinc +91 Grams/Tonne Silver, Harvest Project, Northern Ethiopia - Jul 23, 2013
http://news.tigray.ca/Files/3a/3ae34356-33d6-4a47-af09-738ed…

[Popeye82]

Talga Resources - >Doubles Swedish Iron Ore Resources -to 236.000.000t @~31% Fe I/I - Jul 22, 2013

+ Maiden JORC Inferred resource estimate -of 124.000.000t grading 33% Fe, across Vittangi project magnetite iron deposits, in northern Sweden.

+ >Doubles Talga’s Swedish iron resources –from 112.000.000t to 236.000.000t

+ Vittangi located just 45kms east of Kiruna, the "world’s largest, most modern underground iron mine"

+ "Major potential" to extend Vittangi iron deposits, along strike &@depth.

+ 100% owned by Talga

+ Additional Exploration Targets -of 50.000.000 -83.000.000t grading 30 -34% Fe, defined @Vittangi project ...
www.asx.com.au/asxpdf/20130722/pdf/42h547wf30ldy9.pdf

[Popeye82]

Golden Arrow Resources - Reports 1st NI 43-101 Resource Estimate, @Chinchillas Silver-Lead-Zinc Project: 80.400.000 Ounces @~88.8g/t Ag, 410.700.000 Ibs @~0.67% Pb +364.900.000 Ibs @~0.59% Zn/104.800.000 Ounces AgEquiv. @ I/I - May 9, 2013
www.goldenarrowresources.com/s/NewsReleases.asp?ReportID=583…

[Popeye82]

AngloGold rating cut to 'junk' - MR/BB, JOHANNESBURG - Jul 17, 2013
www.miningreview.com/node/22441

"AngloGold Ashanti Limited ‒ the world’s third-biggest producer of the precious metal ‒ has had its rating reduced one step to “junk” by Standard & Poor’s after a record three-month decline in the price of bullion in the second quarter.

The company’s long-term issuer credit assessment was cut to BB+, S&P’s highest non-investment grade, with a stable outlook, the ratings company said in an e-mailed statement quoted by Bloomberg News. The reduction follows Moody’s Investors Service Limited’s decision on July 12 to reduce AngloGold’s rating by one step to its lowest investment grade.

“The recent severe drop in the gold price exposes South African gold miner AngloGold Ashanti,” S&P said in the statement. “We have revised downward our assessment of AngloGold’s financial risk profile.”

On July 15 AngloGold said it planned to write down its assets and stockpiles by as much as US$2.6 billion, spurred by gold’s 23% plunge this year. The company, which seeks to sell dollar bonds this year, is also facing demands by South African unions for wages to be more than doubled for entry-level workers. "

[Popeye82]

Ferrex Plc - Increased Exploration Target Tonnes +Grade, @Malelane -to 1.600.000.000t -2.000.000.000t @28 -30 % Fe - Jun 5, 2013

+ Independent review by the Company’s consultant geologist has increased the Malelane "Exploration Target*" -from 775.000.000 -930.000.000t @34 -36% to 1.600.000.000t -2.000.000.000t @28 -30 % Fe.*

+ "Exploration Target" contains a higher grade portion, that contains 900.000.000t to 1.200.000.000t @36 -38% Fe, @a 20% Fe cut-off

+ New target based on applying geological model from drilling across three mapped Banded Iron Formation outline, which extends for 14km across 300m widths, @Malelane

+ "Significant potential" to increase current Inferred JORC code compliant resource of 139.000.000t @37% in the long-term(resource only covers 1.1km of 14km BIF strike) ...
www.ferrexplc.com/documents/IncreasedExplorationTargetatMale…

[Popeye82]

Alphamin Resources - "Exceptional" Drill Results of "up to" 24m @3.99% Sn from Alphamin's Bisie Tin Project, Democratic Republic of the Congo; "Planned" resource drilling programme "will" be completed by end July, Maiden resource estimate "expected" before end of 3rd quarter - Jul 15, 2013
http://alphaminresources.com/exceptional-drill-results-from-…

[Popeye82]

NioGold Mining - Updates Resource Estimate for Marban Block -to 1.319.000 Ounces @~1.21g/t Au M/I/I/2.130.000 Ounces @~1.40g/t Au M/I/I Jul 3, 2013
www.niogold.com/news/2013/july03/

[Popeye82]

BHP quarterly iron ore output up 17% - MR/BB, MELBOURNE - Jul 18, 2013
www.miningreview.com/node/22445

"BHP Billiton Limited, the world’s biggest mining company, says its fourth-quarter iron ore production gained 17% as the company expanded operations in Australia to deliver a 13th annual output record.

In a statement issued here, BHP said that production was 47.7 million metric tonnes in the three months ended June 30, from 40.9 million tonnes a year earlier. That beat the 43.2 million tonne median estimate of five analysts surveyed by Bloomberg News.

The result compares with the 7% increase at Rio Tinto Group’s iron ore operations, which also beat analyst estimates.

Growth in China, the biggest metals buyers, slowed for a second quarter, as the government reined in credit expansion to reduce the danger of a financial crisis, the statement added.

“There’s no doubt that while the rate of growth in China has slowed, the demand for iron ore continues to increase,” said Michael McCarthy, chief market strategist at CMC Markets Australia. “Those volume increases will at least to some extent offset the fall in revenues that comes from lower commodity prices.”

BHP shares gained 2.3% to A$34.19 at the close of trading in Sydney. Rio, the world’s second-largest miner, rose 1.1%.

The price of iron ore has dropped 18% since January, and is forecast to decline until at least 2016, according to data compiled by Bloomberg.

“A strong year of production as two of our major assets, Western Australia Iron Ore and Escondida, exceeded production guidance, and annual records were achieved across seven operations and five commodities,” the BHP statement said.

While iron ore production beat estimates, the company’s total petroleum output of 59.2 million barrels of oil equivalent, up 5% from a year earlier, missed analyst guidance of 63.7 million barrels. Output of coking coal, BHP’s fourth-largest source of revenue, rose 34% to11 million tonnes. Copper gained 7% to 333,200 tonnes from higher production at the Escondida mine in Chile. "

[Popeye82]

South American Silver - Updates Resources @Escalones, in Chile -to 6.600.000.000 pounds CuEq* @~0.39% CuEq* I/I - Jun 28, 2013
www.soamsilver.com/june-28-2013-news-release.asp

[Popeye82]

Fortune Minerals - announces strategic investment by Procon Resources Inc., to "advance the development" of the NICO Gold-Cobalt-Bismuth-Copper Project - Jun 26, 2013
www.fortuneminerals.com/News/Press-Releases/Press-Release-De…

[Popeye82]

Prospect Global Resources - Pre-Feasibility Study "Indicates Strong Economics" - Jul 8, 2013

"Highlights Include":

+ 1.420.000 tons/year operation(2)

+ $825.000.000 "estimated" capital cost

+ $1.400.000.000 NPV, @an 8% discount rate(3)

+ 27% after-tax IRR(3)

+ Initial mine life of 26 years

+ Life of mine operating costs of $115/ ton

+ Peak production of 1.550.000/tons(4)

+ 33.000.000 tons of total MOP production, over initial 26 year mine life

+ ~1.300.000 tons/annum of production over life of mine ...
http://ir.prospectgri.com/phoenix.zhtml?c=236928&p=irol-news…

[Popeye82]

Kibaran Resources - Maiden JORC Mineral Resource: 14.900.000 t grading 10.5% TGC I - May 22, 2013

+ Inferred JORC Mineral Resource estimated @14.900.000t, grading 10.5% TGC, for 1.560.000t of contained graphite

+ JORC Resource estimate exceeds internal expectations

+ Grade "exceeds all known current +historic graphite Mineral Resources in Tanzania"

+ Resource estimate covers only a small footprint, within the 100% owned KNL Epanko prospect –"significant "potential" exists for Resource growth, as mineralisation remains open"

+ Resource provides sound technical basis, for commissioning a Scoping Study

+ "Subject to the terms of reference", the Epanko prospect "could" support an initial operation producing 20.000t/annum of high-grade flake graphite ...
www.kibaranresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1…


Scoping Study - Jul 11, 2013
www.kibaranresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1…


"Landmark MoU" signed with major European graphite trader, for graphite off-take agreement - Jul 18, 2013
www.kibaranresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1…

[Popeye82]

Dyadic International - &BASF, the world’s leading chemical company, Enter Into a non-exclusive worldwide research +license agreement - May 15, 2013
http://dyadic.com/wp-content/uploads/2013/05/BASF-and-Dyadic…

[Popeye82]

Antrim Energy - Kosmos Farm-in to Antrim's Irish Licences Approved - May 14, 2013
http://antrim.mwnewsroom.com/getattachment/72f535e9-81ec-41c…

[Popeye82]

Northern Graphite - Announces "Significant" Increase in Resources -to 93.829.000 tonnes @~1.72% Cg M/I/I - May 7, 2013
www.northerngraphite.com/wp-content/uploads/2013/05/May-7-PR…

[Popeye82]

China Africa Resources Plc - Maiden JORC resource, @Berg Aukas Mine: 1.264.800 tonnes @15.47% zinc, 3.84% lead +0.331% V2O5 I; Rod W.: "I am "very pleased" that the results of this resource estimate, based on historical data +drilling undertaken by CAF in ´12, verifies the historical mineral resources @the Berg Aukas Mine. This is an "exceptionally" high grade zinc/lead deposit with "much" of the "significant" infrastructure in place, including an 800m shaft +underground development, which " "should" allow rapid, +cost effective, reopening of the Berg Aukas Mine" " - Apr 16, 2013
www.chinaafricares.com/news-item?item=1504580730884432
www.rns-pdf.londonstockexchange.com/rns/4059C_-2013-4-15.pdf

[Popeye82]

Sheffield Resources - Major New Potash Discovery in WA's Mid-West - Jul 19, 2013
www.sheffieldresources.com.au/pdf/130719_potash_rcdrill_resu…

[Popeye82]

Full Metal Minerals - &Antofagasta Announce Maiden Inferred Resource Estimate for Pyramid Deposit, Alaska: 173.000.000 tonnes @0.088g/t Au, 0.35% Cu +0.02% Mo I - May 9, 2013
www.fullmetalminerals.com/full-metal-and-antofagasta/

[Popeye82]

North Country Gold - Updates Three Bluffs Resource -to 1.648.000 Ounces @~5.23g/t Au I/I - Apr 23, 2013
http://northcountrygold.com/_resources/news/20130423.pdf

[Popeye82]

Temex Resources - Announces 140% Increase in the Inferred Gold Resource Estimate, New Drill Results @Juby Gold Project, Ontario -to 2.174.200 Ounces @0.91g/t Au I +1.041.300 Ounces @1.28g/t I - Apr 29, 2013
www.temexcorp.com/i/pdf/nr/NR130429.pdf

[Popeye82]

African Gold Group - Updates Resources Estimate For Kobada Project -to 2.848.000 Ounces @~0.89g/t Au M/I/I - Jun 18, 2013
http://africangoldgroup.com/index.php?option=com_content&vie…

[Popeye82]

Cleveland Mining Company - &BC Iron Alliance Sign MOUs, for the Right to Acquire 80% of Three Iron Ore Projects - May 3, 2013
http://clevelandmining.com.au/_content/documents/565.pdf

[Popeye82]

SilverCrest Mines - Announces Santa Elena Expansion Pre-Feasibility Study; Base Case NPV @ $243.700.000 +88% IRR, 8 Years of Mine Life Added - Apr 25, 2013

+ Total operating revenue of $684.900.000, from "estimated" sales of 12.110.000 ounces of silver +262.739 ounces of gold.

+ Total operating costs of $282.200.000, with "estimated" cash operating costs averaging US$11/ounce AgEQ, for mine life with lower costs in initial years.

+ Total capital costs of $87.800.000, including contingency but excluding sunk costs, up to April 30, ´13.

+ Total pre-tax cash flow of $302.500.000, including "estimated" cost deductions for closure(US$ 5.000.000) +working capital(US$1.800.000).

+ Base Case pre-tax NPV(DCF @5%) of $243.700.000, including ´13 "estimated" net cash flow, of $20.000.000 @$1250/ounce of gold +$19.50/ounce of silver, after effective date of April 30, ´13.

+ IRR of 88% based on incremental project economics, excluding sunk costs up to April 30, ´13.

+ Payback period of 1 year.

+ AgEQ based on a ratio of 70:1, which includes average metallurgical recoveries of 92% Au +67.5% Ag, for all milling ores. ...
www.silvercrestmines.com/news/index.php?&content_id=158

[Popeye82]

Direct Nickel - &PT Antam Tbk sign an agreement, to develop Nickel Laterite deposits +processing plants in Indonesia - Jul 22, 2013
www.directnickel.com/wp-content/uploads/2013/07/Joint-Press-…

[Popeye82]

GSK: Execs "seem to have broken Chinese law" - CER/Reuters - Jul 23, 2013
www.chinaeconomicreview.com/node/64279

"Pharma multinational GlaxoSmithKline (GSK.NYSE, GSK.LON) conceded that some of its executives in China may have broken the law, Reuters reported. In a statement, GSK said that certain senior executives had acted outside of its processes and that GSK had “zero tolerance” for such practices.

The company pledged to reform its local business model to lower the cost of drugs, part of a bid to limit the damage to its reputation and prospects in the fast-growing market. Global drug makers Sanofi, Novartis, Merck and Roche all used the services of a travel agency linked to the scandal, although there is no allegation of wrongdoing against them. "

[Popeye82]

China lending rate reform boosts SME stocks - CER/BB - Jul 23, 2013
www.chinaeconomicreview.com/node/64282

"Stocks of small and medium Chinese enterprises gained on Monday amid speculation they would stand to benefit the most from the abolition of a floor on lending rates over the weekend, Bloomberg reported.

Analysts said cash starved SMEs can expect to receive better access to funding as banks introduce new packages targeting them. A measure of technology companies in the CSI 300 rose 3.4%, the most among the industry groups. Goertek (002241.SHE) surged 3.1% to RMB6.19 and Sanan Optoelectronics (600703.SHA) advanced 2.5% to RMB22.67. Some banks fell on concern their lending margins will shrink. "

[Popeye82]

Tethys Petroleum - Announces Strategic Acquisitions in Georgia - Jul 8, 2013

Terms highlights:

+ In the Block XIA, XIM +XIN transaction(Project "Iberia") Tethys will gain a 56% interest in these three PSCs for a payment of USD 9.600.000, which will be paid to the current owners by issuing 12.000.000 ordinary shares in Tethys(based on a price of CDN 0.84/share) +funding a USD 4.400.000 carry on the next USD 10.000.000 work programme. The shares will be restricted from trading for 4 months +their issuance is subject to TSX approval.

+ In the Block VIII +XIG transaction(Project "Tamar") Tethys will gain a 100% interest in these PSC's for a payment of USD 6.400.000, which will be paid to the current owners by issuing 8.000,.000 ordinary shares in Tethys(based on a price of CDN 0.84/share). These shares will be restricted from trading for 4 months +their issuance is subject to TSX approval.

+ Completion of both transactions is conditional on appropriate Georgian governmental consent +on the waiver of any pre-emptive rights the Georgian government may have, together with satisfactory completion of Tethys' due diligence. In addition, the Project Tamar transaction is dependent on the restructuring of future work programme commitments related to these PSCs. Completion is "expected" to take place in Q3/Q4 ´13.

+ The areas contain potential for both conventional +unconventional oil +gas @several different horizons.


+ An independent resource assessment(utilizing both seismic +well data) has been carried out on three Project Iberia blocks by Gustavson Associates in accordance with Canadian National Instrument 51-101 results in total Unrisked Mean Recoverable Prospective Resources in excess of 3.200.000.000 barrels oil equivalent. The key results(all figures Gross to the PSCs) are as follows:

- "Unrisked Mean Prospective Oil in Place" - 34.800.000.000 barrels
- "Unrisked Mean Prospective Recoverable crude oil" - 2.913.000.000 barrels

Comprising:

380.000.000 barrels of conventional resources +;
2.533.000.000 barrels of unconventional resources


- "Unrisked Mean Prospective Associated Gas" - 1.815 trillion cubic feet(51.4 billion cubic metres)

- "Total Unrisked Mean Prospective Recoverable Resources" - 3.215.000.000 barrels oil equivalent


+ No independent resource assessment has yet been carried out on the Project Tamar Blocks -this work is currently underway.

+ The partners in the Project Iberia Blocks are "well-established" Georgian oil +gas companies +Tethys "expects" to work closely with their specialists in implementation of Tethys' operatorship of all the PSCs. Discussions are also underway with these companies to "potentially" swap equity, between the Iberia +Tamar blocks, giving shared ownership in all of this acreage.

+ The PSCs provide good commercial terms +international oil pricing in proximity to two large oil pipelines, a trunk gas pipeline +a railway. The PSCs are located in Central Georgia near the capital city and hub of Tbilisi +on the main transport routes from Azerbaijan +Central Asia. The operating environment in Georgia is "straightforward" with several service companies available +with an "efficient" procedure for obtaining the "limited" governmental consents, which are not already given as part of the PSCs. ...
www.tethyspetroleum.com/tethys/newscontent.action?articleId=…

[Popeye82]

Aussie iron ore baron gets OK to build world's biggest dinosaur park ; Palmer, 59, is also advancing a project to build an exact replica of the Titanic . Palmer "expects" TitanicII to be ready for its inaugural voyage by ´16, with a crew of 900 to look after 2.435 passengers, +will mostly follow the same route from Europe to the Americas - M.com - Jul 25, 2013

- F. Els -
www.mining.com/clive-palmer-gets-ok-to-build-worlds-biggest-…

[Popeye82]

Beijing orders 1.400 firms, to cut capacity - CER/BB - Jul 27, 2013
www.chinaeconomicreview.com/node/64300

"Beijing has instructured more than 1,400 companies operating in 19 industries to slash excess production capacity this year, Bloomberg reported.

Steelmaking, ferroalloys, electrolytic aluminum, copper smelting, cement production and papermaking are among the areas affected, the Ministry of Industry and Information Technology said in a statement Thursday. Excess capacity must be idled by September and eliminated by the end of 2013, it said. "This detailed list shows the government is serious in its efforts to restructure the economy and is prepared to tolerate the necessary pain ," Zhang Zhiwei, chief China economist at Nomura in Hong Kong, wrote in a note. "

[Popeye82]

China to spend $277.000.000.000, on pollution cleanup - CER/Reuters - Jul 27, 2013
www.chinaeconomicreview.com/node/64305

"The Chinese government is set to invest US$277.000.000.000(RMB1.7 trillion) to control air pollution over the next five years, marking the new leaders' ambition to resolve environmental complaints, Reuters reported, citing a state media report Thursday.

Wang Jinnan, vice president of the Chinese Academy of Environmental Planning, said that the money is to be spent primarily in regions that have heavy air pollution and high levels of PM2.5, the state-run China Daily newspaper reported. The government plans to reduce air emissions by 25% by 2017 compared with 2012 levels in those areas, according to the report. "

[Popeye82]

Centaurus Metals - Updated JORC Mineral Resource for Jambreiro Projecte; Mine Reserve Estimation +new Mine Sequencing due in October - Jul 29, 2013
www.stocknessmonster.com/news-item?S=CTM&E=ASX&N=643062

[Popeye82]

Pacific Wildcat Resources - High Grade and Large Tonnage Niobium and Rare Earth Resource for Mrima Hill -of 142.200.000 tonnes @~0.71% Nb2O5 M/I/I +159.400.000 tonnes @~3.96% Total Rare Earth Oxide M/I/I, "one of the world’s highest grade Niobium deposits +the world’s highest grade* undeveloped Rare Earth deposit" - Jul 29, 2013[/b]
www.pacificwildcat.com/_content/documents/513.pdf

[Popeye82]

True Gold Mining - announces $23.450.931 "strategic" investment, by Liberty Metals &Mining Holdings LLC - Jul 18, 2013
www.truegoldmining.com/sites/default/files/130718_-_LMM_fina…

[Popeye82]

Aspire Mining - Non-binding Memorandum of Understanding signed. for Ovoot Coal; four MOU’s for a total a possible commitment by Chinese customers to purchase "up to" 5.600.000 tonnes/anno of coking coal, representing "nearly all" of the "planned" total saleable production from the Ovoot Project’s Stage1 development - Jul 10, 2013
www.aspiremininglimited.com/userfiles/file/394_20130710%20nb…

[Popeye82]

Zitat von Popeye82:

Zitat von Popeye82: Atrum Coal NL - upgrades JORC Anthracite Resources @Groundhog, by 113% -to 338.000.000t I/I - Jan 16, 2013

+ JORC resources @Groundhog increased by 113% to a global open cut coal resource of 338.000.ooot, across Indicated(106.900.000t) +Inferred(230.900.000t) categories

+ 85.300.000t between 0 +50m depth with attractive indicative ROM strip-ratios

+ >80% of the coal resource between 0 +150m depth

+ Further resource upgrade expected March ´13, following additional structural interpretation +modelling

+ Preliminary washed clean coal quality data from the ´12 drilling program is expected by the end of January ´13

+ Groundhog adjacent to rail ‘right-of-way’, connecting to rail network on to Prince Rupert or Vancouver deep sea ports. Fixed wing airstrip access, 6km from central target zone Port +rail capacity ...
www.asx.com.au/asxpdf/20130116/pdf/42cg1n91n46mdm.pdf

Atrum Coal NL - Increases JORC Resources @Groundhog, by 460% -to 1.570.000.000 tonnes M/I/I, "one of the largest undeveloped high grade anthracite deposits in the world"; Dr. E. Lilford: "The size of the Groundhog deposit is "extraordinary". The coal is generally shallow +exhibits an "exceptionally" high rank. As "one of the largest undeveloped anthracite Deposits in the world", Groundhog "has the "potential" to be a strategic asset in the global metallurgical coal space. Weh have an exciting year ahed of us" - Apr 3, 2013

+ JORC resources @Groundhog increased by 460% -to a global coal resource of 1.570.000.000t across Measured(16.000.000t), Indicated(553.000.000t) +Inferred(998.000.000t) categories

+ Upgraded resource "confirms Groundhog as one of the largest undeveloped high grade anthracite deposits in the world"

+ 415.000.000t between 0 +100m depth, with "attractive "indicative" strip-ratios"

+ > 90% of the global coal resource between 0 +300m depth

+ "Preliminary" washed clean coal quality data "confirms premium anthracitic coal product"

+ Completion of Conceptual Economic Analysis +Scoping Study expected Q2 ´13

+ ´13 to focus on reserve definition drilling, bulk sampling, confirmatory quality analysis, engineering design, port access +baseline environmental studies, to "facilitate acceleration of project permitting +1st coal shipments" ...
www.stocknessmonster.com/news-item?S=ATU&E=ASX&N=630377

Atrum Coal Secures Port Capacity for 1.570.000.000t Groundhog Project - Apr 29, 2013
www.stocknessmonster.com/news-item?S=ATU&E=ASX&N=643066

[Popeye82]

Zitat von Popeye82:

Zitat von Popeye82: Atrum Coal NL - upgrades JORC Anthracite Resources @Groundhog, by 113% -to 338.000.000t I/I - Jan 16, 2013

+ JORC resources @Groundhog increased by 113% to a global open cut coal resource of 338.000.ooot, across Indicated(106.900.000t) +Inferred(230.900.000t) categories

+ 85.300.000t between 0 +50m depth with attractive indicative ROM strip-ratios

+ >80% of the coal resource between 0 +150m depth

+ Further resource upgrade expected March ´13, following additional structural interpretation +modelling

+ Preliminary washed clean coal quality data from the ´12 drilling program is expected by the end of January ´13

+ Groundhog adjacent to rail ‘right-of-way’, connecting to rail network on to Prince Rupert or Vancouver deep sea ports. Fixed wing airstrip access, 6km from central target zone Port +rail capacity ...
www.asx.com.au/asxpdf/20130116/pdf/42cg1n91n46mdm.pdf

Atrum Coal NL - Increases JORC Resources @Groundhog, by 460% -to 1.570.000.000 tonnes M/I/I, "one of the largest undeveloped high grade anthracite deposits in the world"; Dr. E. Lilford: "The size of the Groundhog deposit is "extraordinary". The coal is generally shallow +exhibits an "exceptionally" high rank. As "one of the largest undeveloped anthracite Deposits in the world", Groundhog "has the "potential" to be a strategic asset in the global metallurgical coal space. Weh have an exciting year ahed of us" - Apr 3, 2013

+ JORC resources @Groundhog increased by 460% -to a global coal resource of 1.570.000.000t across Measured(16.000.000t), Indicated(553.000.000t) +Inferred(998.000.000t) categories

+ Upgraded resource "confirms Groundhog as one of the largest undeveloped high grade anthracite deposits in the world"

+ 415.000.000t between 0 +100m depth, with "attractive "indicative" strip-ratios"

+ > 90% of the global coal resource between 0 +300m depth

+ "Preliminary" washed clean coal quality data "confirms premium anthracitic coal product"

+ Completion of Conceptual Economic Analysis +Scoping Study expected Q2 ´13

+ ´13 to focus on reserve definition drilling, bulk sampling, confirmatory quality analysis, engineering design, port access +baseline environmental studies, to "facilitate acceleration of project permitting +1st coal shipments" ...
www.stocknessmonster.com/news-item?S=ATU&E=ASX&N=630377

[Popeye82]

Fairstar Resources - Secures Irrevocable 80% Funding, for Steeple Hill Iron Project - Jun 5, 2013

+ Irrevocable commitment to fund 80% ($AU260.000.000) of Steeple Hill Iron Project

+ A 50/50 profit sharing Joint Venture over SHIP deposit

+ Agreed budget retires FAS debt free; Company debt free

+ No dillution of FairStar shares

+ Negotiations "well advanced2 with a range of parties for remaining 20% funding +off take of SHIP ore (Indicated Resource of 20.000.000 tonnes in accordance with the JORC Code)

+ Additional access to funds from a credit line, totalling $AU640.000.000 "if +when needed" ...
www.fairstarresources.com/downloads/announcements/fas_201306…

[Popeye82]

Gold producers declare dispute with AMCU - MW, JOHANNESBURG - Jul 29, 2013

- Natasha Odendaal -
www.miningweekly.com/article/gold-producers-declare-dispute-…

[Popeye82]

Kashbah Resources - Achmmach Resource Update -to 15.300.000 t @0.85% Sn M/I/I - Mar 5, 2013
www.stocknessmonster.com/news-item?S=KAS&E=ASX&N=627124

[Popeye82]

U.S. says JPMorgan manipulated market; settlement seen - FY/Reuters, WASHINGTON - Jul 30, 2013
http://finance.yahoo.com/news/u-says-jpmorgan-manipulated-ma…

[Popeye82]

Rockgate Capital - &Mega Uranium Announce "Proposed Merger to Create Diversified Uranium Company" - Jun 6, 2013
www.rockgatecapital.com/s/NewsReleases.asp?ReportID=591466&_…

[Popeye82]

Beadell Resources - Duckhead Gold Pit Approved - Jul 29, 2013
www.beadellresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1…

[Popeye82]

Cuervo Resources/Strike Resources - Cerro Ccopane Resource Update -to 395.600.000 tonnes @43.8% Iron M/I/I - Jul 30, 2013
http://clients2.weblink.com.au/clients/strikeresources2/arti…

[Popeye82]

Mineral Commodities - Secures 100% Offtake, +$2.000.000 Pre Finance Arrangement - Jul 31, 2013
www.stocknessmonster.com/news-item?S=MRC&E=ASX&N=643585

[Popeye82]

Bionomics - Signs Option +License Agreement, with Merck - Jul 31, 2013
www.bionomics.com.au/siteFiles/files/news/Announcements_529.…

[Popeye82]

Coal of Africa - Results of Makhado Project Definitive Feasibility Study - Jun 19, 2013

"HLs"

+ 12.600.000 tonnes/anno(Mtpa) Run of Mine(ROM) which is "expected" to produce 2.300.000 tpa of hard coking coal +3.200.000 tpa of thermal coal.

+ "Favourable" Internal Rate of Return(IRR), of 30.1%(unleveraged) +a Net Present Value(NPV) of R6.790.000.000(US$697.000.000), @a real discount rate of 8%.

+ Mineable tonnes in-situ(MTIS) 344.800.000tonnes.

+ 16 year Life of Mine(LOM) @a mine average gate cost of R865.00(US$88.71) /saleable hard coking coal tonne(after thermal coal by-product credit).

+ Capital expenditure of R3.960.000.000(US$406.300.000), including contingency.

+ Non-discounted "peak funding requirement" is R4.200.000.000(US$432.800.000).

+ Makhado has a hard coking coal(HCC), producing a metallurgical coke, with a high coke strength, after reaction(CSR) value <60.

+ The Makhado Project "benefits from excellent existing infrastructure, with respect to rail, road, power +port allocation" ...
www.stocknessmonster.com/news-item?S=CZA&E=ASX&N=639153

[Popeye82]

Carbine Tungsten - Mitsubishi Reinforces Interest, in Mt Carbine Project - Aug 1, 2013
www.carbinetungsten.com.au/announcements/mitsubishi-reinforc…

[Popeye82]

FAR - ConocoPhillips, the "world's largest independent pure-play exploration &production company", joins FAR, to drill for oil offshore Senegal - Aug 1, 2013


+ ConocoPhillips to fund FAR in Senegal offshore exploration well, equivalent to a full well carry.

+ Together with its Cairn Energy farm-in deal, FAR has successfully secured full funding for two exploration wells, an investment of ~US$190.000.000(100% basis, FAR estimate).

+ The two exploration wells will test combined "prospective resources" of ~1.000.000.000barrels of oil*, with drilling "expected" to start , in the 1st half of ´14.

+ FAR "anticipates" receiving net cash of ~US$10.000.000 from the farm-ins deals ...
http://far.live.irmau.com/IRM/Company/ShowPage.aspx/PDFs/181…

[Popeye82]

Orbital Corporation - "to develop "next generation UAS engine" "; T. Stinson: "Continuing from previous contracts, the successful development +supply of these engines for this new customer " "will" position Orbital as the "world leader in heavy fuel EMS, for the small unmanned aerial systems market" ". This is a good example of Australian innovation, +demonstrates Orbital’s engineering +product development capabilities. The small unmanned aerial systems market is an "emerging market" for Orbital +we "look forward to realising this "potential" " " - Jul 31, 2013

+ New engineering order, for Unmanned Aerial Surveillance(UAS) propulsion system.

+ United States based customer is "one of the largest, in the UAS industry".

+ Design, development +validation program incorporating Orbital’s FlexDITM technology, to be conducted throughout ´13 +´14.

+ 1st engine production from our Balcatta facility "expected", in ´14.

+ High volume production "expected" from new United States based facility, from ´15. ...
www.stocknessmonster.com/news-item?S=OEC&E=ASX&N=643634

[Popeye82]

Meteoric Resources NL - New Kimberlite Field Discovered, in the Gibson Desert; T. Reddicliffe: "We are "thrilled" about this discovery, as there has not been a major kimberlite field discovery in Australia for >twenty years +"initial "indications" are, that it has "potential" to be a large field, compared with other kimberlite fields around the world". Of course it is early days +there is much painstaking work to be done to test all of the targets +to assess the diamond "potential" of this field, but we are "very encouraged" by these early results" - Aug 1, 2013

+ Drilling has intersected kimberlitic rocks "confirming "potential" for a large 400sq km kimberlite field in the West Arunta region of the Gibson Desert", in Western Australia.

+ The drilling targeted a small proportion of >80 discrete aeromagnetic anomalies, identified in this unexplored region.

+ Whole rock geochemical analyses from 5 aircore drill holes from separate targets have all returned analyses consistent with kimberlite.

+ Mineralogical examination of the drill samples has confirmed the presence of chrome diopside, pyrope garnet +chromite, "diamond indicator minerals".

+ The Meteoric-GeoCrystal joint venture has increased its tenement holding, from 500sq km to 1.000sq km, to cover other "potential kimberlite targets".

+ Drilling of the kimberlite targets is scheduled to resume, in September. ...
www.meteoric.com.au/announcements/20130801%20Kimberlite%20fi…

[Popeye82]

Cleveland Mining Company - Production resumes @Premier Gold MineP, after "Major Cost Reduction Program" - Jul 31, 2013
www.clevelandmining.com.au/_content/documents/587.pdf

[Popeye82]

Fission Uranium - Files Patent For "Uranium “Boulder-Finding” Technology"; R. McElroy: "Using our patent-pending survey system, enables us to "quickly +effectively explore large areas, for radiometric anomalies". Our system has "proved to be "incredibly" sensitive +accurate in locating anomalies of interest " +"provides a “leading-edge” ability to find occurrences of radioactive soil, boulders +outcrop @surface, that "may" represent uranium" - Jul 16, 2013
www.fissionuranium.com/news/fission-files-patent-for-uranium…

[Popeye82]

Kinross reports $3.200.000.000 loss, due to large impairment charge, low gold prices - WFP/TCP, TORONTO - Jul 31, 2013

- Linda Nguyen -
www.winnipegfreepress.com/business/kinross-reports-32b-loss-…

[Popeye82]

Winmar Resources/Cazaly Resources - Maiden Mineral Resource-Hamersley Iron JV Project: 343.200.000t @54.5% Fe I/I - May 22, 2013
www.stocknessmonster.com/news-item?S=WFE&E=ASX&N=736581

[Popeye82]

African Minerals - Achievement of 20.000.000t/a export rate - Jun 18, 2013
www.african-minerals.com/media/press-releases/achievement-20…
www.african-minerals.com/system/files/press/Q2%20IMS%20July%…

[Popeye82]

Kupang Resources - JV Secures 1st 15.000T/month Supply Agreement; supplemental to the "heads of agreement" between the Kupang JV +the Manganese Society of Kupang, for the supply 30.000 tonnes of ore/month - Jul 24, 2013
www.stocknessmonster.com/news-item?S=KPR&E=ASX&N=642587

[Popeye82]

Barrick Gold cuts dividend, after US$8.600.000.000 loss, due to falling metal prices - TCP, TORONTO - Aug 1, 2013
http://ca.news.yahoo.com/canadian-press-newsalert-barrick-go…

[Popeye82]

INEOS Bio/New Planet Energy - Produces Cellulosic Ethanol, @"Commercial Scale" - Jul 31, 2013
www.ineos.com/en/businesses/INEOS-Bio/News/INEOS-Bio-Produce…

"Vero Beach, Fla. – July 31, 2013 – INEOS Bio today announced that its Indian River BioEnergy Center (Center) is now producing cellulosic ethanol at commercial scale. First ethanol shipments will be released in August. This is the first commercial-scale production in the world using INEOS Bio’s breakthrough gasification and fermentation technology for conversion of biomass waste into bioethanol and renewable power.

“We are delighted with the progress made by our team at Vero Beach”, said Peter Williams, CEO of INEOS Bio and Chairman of INEOS New Planet BioEnergy. “They have successfully addressed the challenges of moving a new technology to large production scale for the very first time. Consequently, we are now pleased to announce that we are producing commercial quantities of bioethanol from vegetative and wood waste, and at the same time exporting power to the local community – a world first. We expect to spend the remainder of 2013 putting the plant through its paces, and demonstrating full nameplate capacity.”

Dr. Williams added, “All that we have seen so far validates the technical and economic viability of the technology. We remain convinced that the ability to divert waste materials from communities by converting them into competitively priced renewable fuel and power offers an excellent value proposition. It helps solve waste disposal issues, contributes to the supply of affordable and renewable fuel and energy, creates attractive jobs, and provides a sustainable source of value for the community. We look forward to taking the next steps in building a global business based on the broad deployment of this advanced technology."

The BioEnergy Center is a joint venture project between INEOS Bio and New Planet Energy. The facility has already converted several types of waste biomass material into bioethanol, including vegetative and yard waste, and citrus, oak, pine, and pallet wood waste. It will have an annual output of eight million gallons (24kta) of cellulosic ethanol and six megawatts (gross) of renewable power. The Center is also permitted to utilize municipal solid waste (MSW), quantities of which will be used for bioethanol production at the Center during 2014.

The biofuels produced in Florida will anchor the new production of cellulosic ethanol under the U.S. Renewable Fuels Standard (RFS). INEOS Bio is working with other companies and cities globally to use this technology as a new direction for waste disposal and the production of advanced biofuels and renewable power.

The Center cost more than $130 million and created more than 400 direct construction, engineering and manufacturing jobs during its development. The project sourced more than 90% of the equipment from U.S. manufacturers, creating or retaining jobs in more than 10 states. The Center has 65 full-time employees and provides $4 million annually in payroll to the local community.

The Center will serve as a reference plant for future INEOS Bio facilities and for companies and cities interested in licensing the technology for similar facilities. As a major licensor of chemical process technology in the world, INEOS will leverage its extensive expertise to bring this technology forward as an exciting new alternative for sustainable waste disposal.

For more information on licensing the INEOS Bio technology, contact Mark Dietzen or Markus Hesse at [e-mail] also at http://www.ineosbio.com . "

[Popeye82]

Tasman Metals - Receives European Commission Funding, for Processing Research on Norra Karr +Olserum Heavy Ree Deposits, Sweden - Jul 17, 2013
www.tasmanmetals.com/s/NewsReleases.asp?ReportID=593373&_Typ…

[Popeye82]

CEO blasts Anglo’s 'unacceptably poor' performance; The new boss of Anglo American has vowed to scrap @least half its US$17.000.000.000 “constipated” project pipeline, after lambasting the mining giant’s “unacceptably poor” performance - TT/MRA, LONDON - Jul 29, 2013
www.miningreview.com/node/22480

"The new boss of Anglo American has vowed to scrap at least half its US$17 billion “constipated” project pipeline, after lambasting the mining giant’s “unacceptably poor” performance.


According to a report in “The Times” here, Mark Cutifani said the company needed to get its “arse into gear ” as he delivered what amounts to a damning indictment of the tenure of his predecessor, Cynthia Carroll, who he replaced in April.

He pointed out that over the last two years, only 11% of the company’s operations had hit performance targets: “Our performance at the operating level, compared to our budgets, has been unacceptably poor.”

Cutifani denied that he had been shocked at the state of the business when he took over. “I’ve been in the industry for 38 years, mate — nothing shocks me ,” he said.

At least half of the planned projects much vaunted by the previous management would not generate a high enough return and will be scrapped.

Under his turnaround plan, management layers will be axed to streamline its corporate structure and spending on early stage projects will be cut by a third. Cutifani promised to save US$1 billion this year and then US$800 million annually.

“It is not about wholesale or radical changes at the operating level, but it is about introducing a much more disciplined approach to planning, to execution and to delivery on the objectives we have,” he said.

The Anglo boss has also simplified the company structure, announcing plans to reduce 10 business units to 6 ‒ undoing some of the changes brought in by Carroll ‒ to create a more manageable structure.

Anglo has underperformed its peers for much of the past decade, most recently battling labour unrest in South Africa, where it still generates half its earnings, and multi-billion dollar cost overruns in Brazil.

The company reported a 7% drop in first half pre-tax profits to US$4.7 billion on revenues of US$16.2 billion. Analysts welcomed the plans and the increased focus on elements like marketing profit — where Cutifani said he aimed to emulate Glencore’s Ivan Glasenberg.

However, many said they needed more detail on Anglo’s two biggest headaches, the US$8.8 billion Minas Rio iron ore project in Brazil and Anglo American Platinum, which has been crippled by strikes and falling prices. "

[Popeye82]

"Mine rush on in Mozambique" - MRA/MNHA, MAPUTO - Jul 31, 2013
www.miningreview.com/node/22492

[Popeye82]

Astra Resources PLC - China Railway Financial Group, By revenue the largest construction company in the world +#112 among all multinationals in the Fortune Global500, finalises funding agreement with Astra Resources Plc - Jul 19, 2013
www.astraresources.co.uk/en/newsroom/announcements


Astra Resources to acquire controlling share of Balaton Power - Jul 26, 2013
www.astraresources.co.uk/en/newsroom/announcements

"International diversified resources company Astra Resources announced today that it has entered into a Memorandum of Understanding providing terms and conditions to acquire, subject to due diligence and regulatory compliance, 60% of Balaton Power Inc., a publicly traded company listed on the OTC Bulletin Board trading under the symbol "BPWRF".

This acquisition, when consummated, provides Astra with a shareholder presence in North America and an opportunity to list in that market.

Astra will assist in providing funds and Board experience to progress the existing Balaton assets and to acquire more North American assets. Both Balaton and Astra Resources CEO Dr Jaydeep Biswas believe this is a positive transaction for both parties.

Subject to successful completion of this agreement, Balaton will enter into an option agreement to earn an interest in a property in the Voisey’s Bay area located on the east coast of north Labrador, Canada.


About Balaton Power:

Balaton through its wholly owned subsidiary, Continental Resources (USA) Ltd. ("CRL") has a pending Joint Venture Agreement ("JVA") with the Orissa Mining Corporation ("OMC") that has been accepted by both CRL and OMC.

The agreement remains subject to the approval of the State Government of Orissa, India.

This JVA provides 150 million metric tonnes of bauxite from the Gandhamardan Mountain deposit for CRL to set up an integrated aluminium complex with an alumina refinery of about 1 million tonnes per year capacity, and an aluminium smelter of about 260,000 tonnes per year capacity.

The Gandhamardan Mountain holds a large residual deposit of metallurgical grade bauxite averaging 46.4 per cent Al2O3. The historic resource estimate of the Gandhamardan Mountain is over 201.2 million tonnes of bauxite based on 462 drill holes at a minimum of 200 meter sections.

Upon obtaining the Government of Orissa's approval of the JVA between OMC and CRL a feasibility study will begin. "

[Popeye82]

Innovation Metals - Signs "non-binding Letters of Intent with three leading Rare-Earth Exploration &Development Companies", to Fulfill Phase1 Toll-Separation Capacity, also in ongoing "discussions" with "other future producers", with "a view to completing additional LOIs", to fulfill the Phase2 capacity @the Becancour separation facility - Jun 17, 2013
www.innovationmetals.com/news/imc-signs-letters-of-intent-wi…

[Popeye82]

"Finding Chuquicamata's fabled 'lost ore'"; "One of the world's famed copper explorers is on the hunt for the "theorised 'missing ore'", off Chile's massive Chuquicamata mine"; The company’s principal asset is the Ricardo project in Chile, nearby to CODELCO’s massive Chuquicamata “Chuqui” mine, which is by excavated volume, the world’s largest open pit copper mine, in operation since @least 550 AD. The Chuqui deposit’s western boundaries are abruptly cut off, "which leads some to "believe" that the missing western half was transported south, along fault lines", to Lowell’s Ricardo property - MA/MW/CEO.ca - Aug 2, 2013

- Kip Keen -
www.miningaustralia.com.au/features/finding-chiquicamata-s-f…
http://ceo.ca/lowell-copper-jdl/

" David Lowell, the famed octogenarian explorer credited with finding the Escondida copper deposit, among others, is now taking a crack at one of the world's greatest exploration mysteries: finding lost - or believed to be lost - Chuquicamata copper ore. Forgive the superlative. For the known Chuquicamata copper-molybdenum deposit and mine in Chile, now owned by Codelco, is ranked by many as the greatest - or certainly one of the greatest - copper ore bodies in the world.

Chuquicamata, Chuqui for short, is big and, for its size, very high grade. A mid-2000s estimate tallied 2 billion tonnes @ 1.54 percent copper as having been mined. These days, a grade a third that is considered pretty normal - good even - for a large porphyry deposit like this. So Chuqui is abnormal. And many billion tonnes of ore remain at the known Chuqui deposit. As the massive Chuqui open pit wanes, Codelco aims to continue mining in a giant block cave mine it estimates will cost about $4.2 billion to build. The pit is reaching its limits, about 900 metres deep, and four kilometres long and three kilometres wide.

The Chuqui mystery is this: a fault, called the West Fault, cuts through the Chuqui ore body and appears to have moved a chunk - how much is not clear - of Chuqui ore elsewhere, where or exactly how far is uncertain. But most guesses, those made in a so far fruitless search for lost Chuqui ore, have put it somewhere about 15 to 20 kilometres to the south on a property that is known as the Ricardo project.



- Ricardo project as seen from the air with Chuquicamata deposit to the north and interpretation of West Fault in blue. (Source: Ramon Fam R., 2004, Rockwell report) -


It's a roughly 16,000 hectare property on the edge of the Chilean town of Calama that has stymied many before Lowell, who spoke about his pursuit of lost Chuqui ore with Mineweb on Wednesday. Since the theory that such lost ore existed was developed in the 1970s, a slew of majors, among others, have puzzled over the quest, mapping, sampling and, more than anything else, drilling away at the Ricardo property through which the all-important West Fault traverses. All have come up empty handed. Superior Oil hit the ground between 1980 and 1982. Codelco was there in 1991 and 1992. Freeport came in the next two years and Inco, likewise, the next two after that. Among majors Rio Tinto made the last and still unsuccessful attempt at finding Chuqui ore at Ricardo in the mid 2000s. In all 72 drillholes have been drilled, multiple geophysical surveys have been conducted and a fair amount of brain power and cash has been expended on the mystery of the lost Chuqui ore. To no avail.

Lowell would not, however, be considered a geological crackpot, flogging an idiotic exploration idea. He exists on the opposite end of the scale. Something of a legend, a porphyry expert, and wildly successful explorationist. Over the years he has made many of the more important copper discoveries in Latin America, prime among them Escondida. Unlike this author, he is not prone to superlatives. He, of course, knows what he is up against - tough odds - but he is also unwilling to disregard Ricardo as a site for Chuqui's lost ore. At his most succinct, he called the endeavour, now the main thrust of his TSX-V listed company Lowell Copper (JDL), “high risk, high reward.” It's a company, he says, that will focus on Ricardo, for now, but that is also considering other opportunities born of the ongoing junior financing crisis.

Chuqui is abnormal, not just for its grade, but geological expression. As far as mineral deposits go, porphyry deposits aren't the greatest at concealing themselves. To find them is something like looking for a humpback whale in thick fog. Daunting though this may seem, in doing so you can rely on brutal halitosis and raspy breathing to guide you to the whale's general location. Porphyry deposits have their own stench and sound. They are often preceded by alteration halos, rock affected by the ore body undergoing mineralization, that give geologists clues about where to find them.

Lowell turns to the Red Mountain copper deposit in Arizona as an example. “The geo who found the deep porphyry deposit there, which has never been mined and may never be mined, told me it had a 100 to 1 ratio between recognizable hydrothermal alteration, in a big circle around it, as compared to the ore body.”

Then there's Chuqui. “We won't have that advantage here,” Lowell says. Chuqui, though a whale of a deposit, is relatively tough to spot beyond the actual ore. The alteration is limited, and the ore body - tabular - is oriented vertically. It's easier to miss than typical porphyries. Indeed, this is part of the reason Lowell, as others before him, believe exploration efforts to find Chuqui's lost ore at Ricardo have not yet been exhausted.

“There are several open targets in spite of the drilling that has been done,” Lowell says.

Indeed, the drilling at Ricardo has been spiteful, not just because Chuqui's lost ore (if it is to be found) by the very nature of it is going to be hard to find for lack of alteration. The Ricardo property is also laden by at times drill-defying cover, including gravel and conglomerate (imagine gravel in cement), that makes reaching bedrock targets frustrating. Only around two thirds the 72 drillholes at Ricardo reached bedrock. Others ended in cover that can be upwards of 500 metres deep or more. In easier areas it's deep in the 100 metre range. Lowell knows the numbers off the top of his head. Of the 72 drillholes, 46 hit bedrock. In a few, explorers hit weak indications of what may be porphyry alteration. None were led to elation. Yet, here again, allure lies in the challenging conditions. As Chuqui's stealth porphyry character increases the chance lost ore has been missed in past exploration attempts, the difficulty of drilling Ricardo suggests to Lowell, as others before him, that bonafide targets have gone untested.

Of course for those very same reasons the hunt is, as ever, going to be tough work. Lowell knows it. He sums it up this way: “We're looking for vertical tabular slabs of ore with no alteration halo on either side and it probably will be deep, which makes the holes more expensive.”

On strategy, Lowell keeps a tight lid. Does he and his team have new insight into the location of Chuqui's lost ore? That really is a question of the mechanics of the West Fault that appears to have cut ore from the Chuqui deposit to the north of the Ricardo property. And does he have an opinion on how much Chuqui ore may have been spirited away? These are questions he answers with: “We're getting into the confidential.”

That said, in the course of speaking with Mineweb, Lowell gave a general overview of the approach he and his Lowell Copper team are taking. Part of it is not to be encumbered by the past. “One of my strategies is not to worry too much about earlier analysis, especially geophysical surveys that have poor track records.”

Indeed, this is one of the first things Lowell Copper has done at Ricardo. Lowell says the company has just completed a magnetic survey, which will primarily be used to try to better map the West Fault on the Ricardo property, the understanding of which, its movements, is so key to figuring out where Chuqui's lost ore might have gone. This will build on work Lowell did with a structural geologist about 20 years ago when they mapped over 50 kilometres of the West Fault.

“So it's not a new idea from my point of view,” he says, referring to the structural geology of the West Fault and hypotheses of where it may have moved Chuqui ore.

In being skeptical of past exploration pursuits, he notes that five majors had worked on Escondida before it was finally found. “The same thing could happen at Ricardo,” he says. “It's less certain at Ricardo, but it's certainly a possibility.”

Another part of the approach depends on a better understanding of Codelco's Chuqui ore body. Lowell says that in preparing to go underground, Codelco has done extensive drilling of the deposit, defining it over two vertical kilometres. The consultants working on the deposit “did a pretty comprehensive job of this,” he says, making advances in the geology of Chuqui. This, by extension, could help exploration efforts at Ricardo, for instance, by pinning down the various telltale signs there are to Chuqui ore - what little there may be.

“The thing we don't understand is where the pieces went,” Lowell says. “I think we have a better understanding than any other group. But still, it's not at all certain.” "

[Popeye82]

McEwen Mining - Los Azules Copper Project Continues to Grow! -to 1.786.000.000 tonnes @~0.5% Cu I/I, for 19.700.000.000 Ibs Copper, "one of the world's largest, undeveloped, "high-grade", open pit copper projects" - May 15, 2013
www.mcewenmining.com/files/20130515.pdf

[Popeye82]

Celamin Holdings NL - Initial Gassaa Kebira Resource triples Chaketma Inventory -to 130.000.000t @20.5% P2O5 I - Jun 18, 2013

+ An initial Inferred JORC Resource of 93.000.000 tonnes @20.3% P2O5 has been estimated for Gassaa Kebira, the 2nd/six prospects @the Chaketma Phosphate Project, Tunisia

+ "Exploration target" of 175.000.000 -280.000.000t of "economic resources" @Chaketma

+ Global Inferred Resource inventory now 130.000.000t @20.5% P2O5

+ Confirms "potential" for Long Life project: 35+years ...
www.celaminnl.com.au/pdfs/2013-06-18-021426Gassa_Kebira_Reso…

[Popeye82]

China investigates Sanofi, Astra - CER/WSJ - Aug 2, 2013
www.chinaeconomicreview.com/node/64339

"French drugmaker Sanofi (SNY.NYSE) said China's Administration for Industry and Commerce confiscated documents from company offices earlier this week as part of a deeper dig into a kickback scandal, The Wall Street Journal reported.

Another leading pharmaceutical company, AstraZeneca (AZN.LON) said Chinese authorities are still holding one of its staff. The developments come amid a heightened state of scrutiny of the pharmaceutical industry in China, where the Ministry of Public Security last month accused UK drug giant GlaxoSmithKline (GSK.NYSE, GSK.LON) of bribing doctors, hospitals and government officials in an effort to sell more drugs at higher prices. "

[Popeye82]

Pacific Potash - "Focuses on Brazil Advantage" - Jul 31, 2013
www.pacificpotash.com/1439/pacific-potash-corporation-focuse…

[Popeye82]

Nighthawk Gold - Reports 45.3% Increase in Contained Gold Ounces +59% Increase in Average Grade in Updated Colomac Resource Estimate -to 2.101.000 Ounces @1.67 g/t Gold I - Jun 17, 2013
www.nighthawkgold.com/nighthawk-reports-45-3-increase-in-con…

[Popeye82]

North Atlantic Potash - announces 43-101 compliant resources, for Foam Lake property: 942.000.000 tonnes @19% K2O(30% KCL) I/I - Jan 17, 2013
www.northatlanticpotash.com/release_011713.pdf

[Popeye82]

Ampella Mining - Significant Resource Upgrade -to 3.250.000 Ounces @1.7g/t Gold I/I - Mar 5, 2013
www.ampella.com.au/uploads/Ampella%20Significantly.pdf

[Popeye82]

IMF: China's real exchange rate undervalued - CER/BB - Aug 2, 2013
www.chinaeconomicreview.com/node/64341

"China’s real exchange rate is undervalued by an estimated 5-10%, adjusted for inflation, Bloomberg reported, citing an IMF report published today.

The IMF report, dated June 20, assessed the real effective exchange rates of 28 countries and the euro zone. The report stated that while China's exchange-rate reform in 2005 saw a 35% appreciation in the yuan, the real effective exchange rate had been depreciating. The exchange rate is "only 14% above the level reached a decade ago, which appears somewhat below the significant increases in China’s productivity relative to trading partner over the past 10 years," the report said. "

[Popeye82]

China will Zombie-Unternehmen sterben lassen ; Offenbar zu viele Unternehmen in Fernost stellen Stahl, Aluminium oder Zement her. Peking will deswegen nun einige zusammenlegen und andere umbauen. Europa hat ähnliche Probleme - FAZ/FT - Jul 24, 2013
www.faz.net/aktuell/wirtschaft/wirtschaftspolitik/gegen-uebe…

"Chinas Administration will Überkapazitäten in der Stahl-, Zement- und Aluminiumbranche abbauen - und dafür einzelne Unternehmen zusammenschließen oder umstrukturieren. Betroffen seien auch die Glasindustrie und der Schiffbau, teilte das Industrieministerium in Peking mit. Die Überkapazitäten in einigen Bereichen stünden im zweiten Halbjahr im Mittelpunkt, erklärte das Ministerium. Diese Branchen müssten umgewandelt werden.


So kommen auf die Aluminiumhersteller schärfere Kontrollen zu. Zum Beispiel dürften neue Schmelzanlagen künftig nicht mehr in Regionen gebaut werden, wo sie die Umwelt übermäßig stark belasten. Außerdem sollen der Energieverbrauch und der Schadstoffausstoß der Unternehmen begrenzt werden.

Zu große Kapazitäten im Stahlbereich lasten auch in Europa auf der Branche. Deswegen sind die Stahlpreise derzeit so niedrig - das Angebot ist schlicht sehr groß. Grund in Europa ist unter anderem, dass auch unrentable Stahlwerke fortgeführt werden, teils - wie etwa in Italien geschehen - auch durch Anordnungen von politischer Seite: Um Arbeitsplätze zu erhalten. Wie in China tut auch in Europa Not, einige „Zombie-Unternehmen“ der Branche, also solche, die nicht nachhaltig alleine zurechtkämen, zu schließen.

Unterdessen gibt es Anzeichen dafür, dass die Wirtschaftsaktivität in Fernost in den kommenden Monaten weiter zurückgeht. Der die Stimmung in den Chefetagen chinesischer Unternehmen abbildende Einkaufsmanagerindex der britischen Großbank HSBC fiel im Juni unerwartet stark auf 47,7 Punkte - das ist der niedrigste Stand seit elf Monaten. Damit lieg der Index schon drei Monate in Folge unter der wichtigen Schwelle von 50 Punkten - Werte in diesem Bereich signalisieren eine zurückgehende Wirtschaftsaktivität. "

[Popeye82]

Impact of China's slowdown heightened, by violence - CER/FT - Aug 2, 2013
www.chinaeconomicreview.com/node/64340

"A spate of violence aimed at Chinese street hawkers is highlighting China’s weakening employment situation, Financial Times reported.

Employment in the export-oriented manufacturing sector has contracted for 13 months, according to a government manufacturing sector survey published Thursday. Conflicts between “chengguan” – auxiliary police tasked with keeping city streets clean and orderly – and street vendors are not new, but the rising unemployment in China’s vulnerable low-income population has seen a particularly violent two weeks, and the death of one vendor. The implication of chengguan brutality in the death of Deng Zhengjia, a watermelon vendor, on July 18 sparked national outcry. "

[Popeye82]

Draft mineral law ousts 1st-come 1st-served, initiates auctioning; The new draft law before Parliament "appears to scrap" the 1st-come, 1st-served mineral right award principle +replace it with a public auctioning process. Moreover, the mineral beneficiation provisions of the ´13 Minerals +Petroleum Resources Development Act(MPRDA) Amendment Bill are wide-ranging, Fasken Martineau mining law partner Matthew van der Want said on Friday. Van der Want +Fasken Martineau environmental law specialist Matthew Burnell were speaking @a mining seminar !on the most important of the many changes! to South Africa’s mining +environmental legislation - MW, JOHANNESBURG - Aug 2, 2013

- M. Creamer -
www.miningweekly.com/article/draft-mineral-rights-law-ousts-…

[Popeye82]

Korab Resources - Resource Update @Bobrikovo: 3.303.000 Oz. @1.0g/t Au +16.300.000 Oz. @9.4g/t Ag M/I/I - Jul 16, 2013
www.stocknessmonster.com/news-item?S=KOR&E=ASX&N=641865

[Popeye82]

"Disquiet in Québec, as govt proposes tax, mining law changes"; Like others across Canada, exploration +mining companies operating in Québec are suffering fierce economic headwinds +depressed metal prices, particularly so for gold. However, the gloom is doubly deep as concern mounts over the province’s newly proposed mining tax +Mining Act, both unveiled in May - MW/CMR, TORONTO - Aug 2, 2013

- Simon Rees -
www.miningweekly.com/article/disquiet-in-qubec-as-govt-propo…

"Like others across Canada, exploration and mining companies operating in Québec are suffering fierce economic headwinds and depressed metal prices, particularly so for gold. However, the gloom is doubly deep as concern mounts over the province’s newly proposed mining tax and Mining Act, both unveiled in May.

Under the current system, mining operations pay a 16% tax on net profits. The rate was pushed up from 12% during the previous Liberal government’s tenure. But for the Parti Québécois (PQ), led by Premier Pauline Marois, the increase was not extensive enough – it went on to call for a 5% tax on all mining activity and a 30% supertax on companies achieving profit margins over 8%.

“I think the PQ was looking towards the Australian model of increasing taxes on the mining sector, reasoning it could be applied to Québec . . . But most of our mines are smaller-scale operations. While some might have made good money, almost all reinvested profits into upgrading or expanding existing operations,” Institut de la statistique de Québec mining and natural resources specialist Raymond Beullac tells Mining Weekly.

“KPMG fairly recently released a report on Québec’s mining sector, highlighting the number of small-scale mines in production but unable to produce a taxable profit under the current mining tax regime,” Norton Rose Fulbright partner with specialist knowledge of the mining, oil and gas sectors Jean-Philippe Buteau tells Mining Weekly. “However, it’s worth noting that they still play an important role, employing local people both directly and indirectly. They also pay other corporate taxes and pay their workers excellent wages.”

The PQ formed a minority government in September 2012, after winning 32% of the popular vote in the provincial elections.

“Their subsequent learning curve has been steep. It’s easy when you’re in opposition – you can disagree all day long. But when you come to power, suddenly you have to think differently,” Beullac says. “I think they quickly realised that increasing tax rates could prove the difference between continued operations and closures.”

“An increased tax burden can reduce the value of an investment and can shorten mine life on a marginal asset. In a worst-case scenario, it can precipitate a closure decision,” QMX Gold president and CEO François Perron tells Mining Weekly. “Tax hikes also impact on exploration [and development], as they can change the viability of a project’s economic prospects.”


THE TAXMAN COMETH

The PQ unveiled its new tax proposals on May 6, tabling a hybrid regime whereby companies either pay a fixed tax on output or a tax on profit, whichever proves the greatest sum.

The fixed tax will stand at 1% for companies whose output at the shaft head is under $80-million in value. The rate increases to 4% if the output is over $80-million in value. The profit tax will be progressive, starting at 16% on mines with profit margins below 35% and rising to 22% for profit margins between 35% and 50%. A top bracket of 28% will be imposed if profit margins exceed 50%.

In its first full year, the government believes the new regime will return $370-million, compared with $320-million if the current regime was to remain in place. Supporters of the new tax regime also argue it puts mechanisms in place that will ensure a greater return if another mining boom occurs.

The proposals were greeted by the mining sector with a mixture of resignation and guarded relief. “When the new tax regime was proposed, there was a general expression of relief – not because the industry thought it was a good thing, but simply because it avoided what many thought would result in a complete nightmare,” Buteau says.

“The government has come up with a regime that makes everyone pay something, although it falls short of what the government originally thought it could get from the industry,” he says. “It was a case of the PQ trying to keep its word, while discovering it has to protect a fragile but important industry.”

“It’s not as bad as it could have been, although that’s probably the only good thing one can say,” Perron says. “We already have the highest tax jurisdiction in Canada . . . It’s delusional to think this will have no broader consequences, particularly on investment.”

Depending on legislative procedure and approval, the new tax regime will come into effect on January 1, 2014, although modifications may occur in the interim as government seeks support for its passage.

“I’m sure there are ongoing discussions between the different political parties in Québec,” Buteau says. “They’ll probably be discussing what compromises have to be made in order to obtain the votes to secure majority passage.”

But companies should still prepare for potential change, he stresses. “We’re telling our clients to think about the possibilities of the new regime. They need to address the potential impact on proposed revenue or on the proposed [capital expenditure] for ongoing projects,” he says.

“Many will now be looking at numbers, carefully considering decisions on whether to expand current activities or put development on hold,” he adds.


ACT TWO

On May 29, Québec’s Minister of Natural Resources, Marine Ouellet, tabled Bill 43 that will, if approved, put into effect a new Mining Act.

Unsurprisingly, many changes are proposed. For example, companies seeking to make a mining claim will have to notify the owners of the land and, if applicable, those leasing it, within 60 days of registering the claim. Companies making a claim within municipal territory must inform the local governing body at least 90 days before work starts. In addition, certain claims could become subject to auction under the Mining Minister’s auspices.

Municipalities will be afforded the power to demarcate territory considered ‘incompatible’ with mining. However, these powers are limited within the framework of ‘government policy direction’. Ultimate power to determine the approval or the rescinding of mining activity on any particular territory will rest with the Minister of Natural Resources.

This is really no change from the current state of affairs, argues Bellauc, adding that the additional municipal powers have been rendered unnecessary by realities on the ground. “Today, it’s impossible for a mining company to simply push ahead with a project if a local population opposes it,” he says. “Certainly, this is the case with aboriginal communities.”

Only one provision in Bill 43 specifically relates to the First Nations. It states that the Mining Act must be “construed in a manner consistent with the obligation to consult Native communities”. In addition, the Bill proposes that the Minister “must consult Native communities separately, having regard to all the circumstances”. It does not stipulate what these “circumstances” are.

Bill 43 has subsequently faced First Nations criticism for failing to fully delineate aboriginal rights with respect to mining. There is also the concern that First Nations territorial rights could be circumvented.

“The current Bill on mining is another missed opportunity,” Chief of the Assembly of the First Nations of Québec and Labrador Ghislain Picard said on May 30. “The Canadian Constitution recognises the rights of the Aboriginal peoples . . . Whether it likes it or not, the provincial government must comply with [the Constitution] and fulfil its obligations.”

The Bill also proposes that companies guarantee 100% of costs associated with rehabilitating a mine site. The current level is 70%.

In addition, it seeks to engender more processing of ore within Québec. “Government sees that as a good thing for the province but, remember, it may only apply to certain minerals in specific economic conditions,” Buteau says.

“Politicians need to appreciate that the province is competing on an international stage and that companies will always consider the bottom line. Even with the proposed government breaks, the processing fees are likely to remain higher than in other jurisdictions. So, why would anyone still choose Québec when there will always be another, cheaper option abroad?” he asks.

“On a wider level, it will always come down to cost and benefits,” he adds. “A company, particularly a major, will always have one overriding question in mind: Does production in Québec make economic sense or is there somewhere else that offers far greater opportunities?”

Considering the disquiet, one might be tempted to argue that the provincial government has made the answer to this question seem increasingly obvious. "

[Popeye82]

Chinese investment in Canadian mining "cautiously seeks more opportunities"; The acquisition of Canada-based Nexen by China National Offshore Oil Corporation, which closed on Feb 25 for $15.100.000.000, provoked a national debate about Chinese investment in Canadian natural resources, including the mining sector. As the deal progressed, tabloid tattle often gave the impression that Chinese state-owned enterprises(SOEs) were poised to embark on an unchecked buying spree. The reality of Chinese investment is more nuanced +subtle. Certainly this is the case for mining, where the driving forces revolve around domestic concerns surrounding supply, demand +costs, as well as Canada’s perceived competitiveness +appeal - MW, TORONTO - Aug 2, 2013

- S. Rees -
www.miningweekly.com/article/chinese-investment-in-canadian-…

[Popeye82]

Zitat von Popeye82: Golden Arrow Resources - Reports 1st NI 43-101 Resource Estimate, @Chinchillas Silver-Lead-Zinc Project: 80.400.000 Ounces @~88.8g/t Ag, 410.700.000 Ibs @~0.67% Pb +364.900.000 Ibs @~0.59% Zn/104.800.000 Ounces AgEquiv. @ I/I - May 9, 2013
www.goldenarrowresources.com/s/NewsReleases.asp?ReportID=583…

Golden Arrow Triples Size, of Chinchillas Silver Project - Jul 24, 2013
www.goldenarrowresources.com/s/NewsReleases.asp?ReportID=594…

[Popeye82]

Experts to deliberate on ways to improve mining-manufacturing interface, A "high-level meeting will be convened towards the end of August at which experts will deliberate on how the interface between mining *manufacturing could be strengthened; to support further industrialisation *job creation" - MW/CMR - Aug 2, 2013

- T. Creamer -
www.miningweekly.com/article/experts-to-deliberate-on-ways-t…

" A high-level meeting will be convened towards the end of August at which experts will deliberate on how the interface between mining and manufacturing could be strengthened to support further industrialisation and job creation.

The gathering is being cohosted by the Industrial Development Corporation (IDC), the United Nations Economic Commission for Africa and the Institute for African Alternatives (IFAA).

It will take place on August 22 at the IDC’s auditorium, which is located at its office complex in Sandton.

IFAA chairperson Professor Ben Turok, who is also an African National Congress veteran and a Member of Parliament, says the meeting will bring together experts to provide input on how the prevailing constraints to the interface between mining and manufacturing could be overcome.

Participants will be drawn from mining, manufacturing, business, government, labour and academia, with the intention of building on a previous consultation that focused on beneficiation and took place in October last year.

“That meeting established a valuable platform for further consideration of this much underappreciated issue,” Turok avers.

He says the purpose of the August meeting is to examine the knowledge gap between the existing capacity in the country and the application of that capacity to transform the economy. It will also include a debate on the practical implementation of government policies in respect of beneficiation."

[Popeye82]

China, EU settle solar panel dispute - CER/R - Aug 2, 2013
www.chinaeconomicreview.com/node/64309

"China and the European Union reached an agreement on Saturday to resolve their solar trade dispute, which threatened a wider trade war from wine to steel, Reuters reported.

After six weeks of talks, the EU's trade chief and his Chinese counterpart sealed the deal over the telephone, setting a minimum price for panels from China near spot market prices. The EU planned to impose hefty tariffs from August 6 but faced opposition from a number of European states including Germany who feared losing business in the world's No. 2 economy. "

[Popeye82]

State Council orders debt audit - CER/BB - Jul 29, 2013
www.chinaeconomicreview.com/node/64308

"China’s State Council ordered the National Audit Office to conduct an audit of China’s government debt on Friday, Reuters reported.

The office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website but gave no further details. The audit "could "indicate" increased official concern over the systemic risk, from rising debt levels in China ", especially local government debt, as top leaders slow economic growth in order to promote reform. The 1st audit of local government debt found liabilities of US$1.800.000.000.000 @the end of ´10, Bloomberg reported."

[Popeye82]

Geologists uncover new mineral ; Geologists @the University of California, Riverside have discovered a new mineral, which they have named qingsongite - MA - Aug 5, 2013

- C. Latimer -
www.miningaustralia.com.au/news/geologists-uncover-new-miner…

[Popeye82]

Orbis Gold - Natougou Gold Deposit - Maiden Resource: 1.800.000 Ozs @3.7gt Au I/I, for a new global resource inventory of 2.460.000 Oz @~4.5g/t Au I/I - Aug 5, 2013
www.mtisametals.com.au/uploads/31318/ufiles/2013.08.05_-_Nat…

[Popeye82]

Xinhua: Beijing to 'improve' one-child policy - CER/WSJ/XNA - Aug 5, 2013
www.chinaeconomicreview.com/node/64347

"Beijing’s policymakers are looking to “improve the one-child policy” by allowing second children in some families, The Wall Street Journal reported, citing a Friday report by official Xinhua News Agency.

“Our commission is organizing research on the size, quality, structure and distribution of the population so that we can propose plans to improve the [one-child] policy,” said Mao Qun’an, director of the propaganda office at the National Health and Family Planning Commission. There were media reports Friday stating that such moves could be expected either late this year or next year. In many rural areas, the one-child restrictions are routinely ignored, though cities are more tightly enforced. "

[Popeye82]

Rum on offer for mining job; An unemployed Rockhampton man is promising a six-month supply of Bundaberg Rum to anyone who can find him work in the mining sector - MA - Aug 5, 2013

- V. Validakis -
www.miningaustralia.com.au/news/rum-on-offer-for-mining-job?…

[Popeye82]

China's cities may tighten property curbs - CER/BB/TME - Jul 30, 2013
www.chinaeconomicreview.com/node/64313

"China’s economic slowdown means that some cities may tighten property curbs in order to cap home price gains below income growth, Bloomberg reported.

Hangzhou, the capital city of Zhejiang province, will tighten approvals of pre-sale permits in the second half and may raise down payments for second homes to make sure its price-control target is met, according to a July 27 report by the Today Morning Express, a newspaper affiliated with the provincial government. First-tier cities such as Beijing, Shenzhen and Guangzhou have already been rejecting pre-sale permits for projects whose target selling prices are deemed too high by local officials. "

[Popeye82]

Abakan - Powdermet Announces Partnerships, with the U.S. Army, the U.S. Department of Energy +the U.S. Navy, ""to Commercialize "Breakthrough" Nano-Composite Materials, for Energy Efficiency" - Jun 7, 2013
www.abakaninc.com/pr_2013_06_07.html

[Popeye82]

Oxford Catalysts Group Plc - Selected for Design of 1.100 bpd BTL Plant - Jul 7, 2013
www.oxfordcatalysts.com/financial/fa/ocgfa20130708.php

[Popeye82]

Luxury automakers' China profits under fire - CER/R/XNA - July 30, 2013
www.chinaeconomicreview.com/node/64317

"Foreign automakers’ exorbitant profits in China have been attacked by state media, Reuters reported, citing a call by Xinhua News Agency for an investigation to take place.

China is expected to become the world’s largest market for expensive cars by 2020, with 2.7 million to be sold each year. Selling imported cars in China was 30% more profitable than the global average, Xinhua said, citing Rao Da, secretary general of the China Passenger Car Association. Rao later told Reuters he thought it was unlikely the government would investigate the luxury car market. "

[Popeye82]

Urbanization bill "could top" $106.000.000.000 - CER/R/CASS - July 31, 2013
www.chinaeconomicreview.com/node/64323

"The cost of urbanizing China’s rural workers could reach US$106 billion (RMB650 billion) a year, Reuters reported, citing government think tank Chinese Academy of Social Sciences (CASS).

The figure is based on the assumption that 25 million people a year settle in cities and will receive the same benefits in health care, housing and schools that city residents have, CASS said on Tuesday. Millions of rural workers moving to big cities currently lack access to services tied to the strict household registration system. China hopes that urbanization will help make domestic consumption the main driver of its economy. "

[Popeye82]

Antwort auf Beitrag Nr.: 45.177.881 von Popeye82 am 04.08.13 14:26:48

China will seine Industrie gesundschrumpfen; Gegen die Rückständigkeit der staatlichen Banken +Industriekonzerne holt Chinas neue Regierung zum nächsten Schlag aus. Sie sagt Überkapazitäten den Kampf an. Die Staatsbanken müssten zudem enger an die Leine - FAZ, PEKING - Jul 5, 2013

- C. Geinitz -
www.faz.net/aktuell/wirtschaft/wirtschaftspolitik/banken-in-…

"Chinas neue Regierung holt zum nächsten Schlag gegen die Rückständigkeit der staatlichen Banken und Industriekonzerne aus. Das Büro des Staatsrats und andere Regierungsstellen kündigten am Freitag an, in einzelnen Branchen gegen Überkapazitäten vorzugehen. Um die Wirtschaft zu modernisieren, komme man um geordnete Betriebsstilllegungen nicht herum, hieß es in einer Erklärung.

Erst vor zwei Wochen hatte die Zentralbank PBOC die Staatsbanken aufgefordert, ihre Risikovorsorge zu stärken und die übertriebene Kreditvergabe an die Staatskonzerne einzuschränken. Um der Mahnung Nachdruck zu verleihen, hatte die PBOC den Banken Liquiditätshilfen verweigert. Das führte zur Verunsicherung an den Finanzmärkten.

Auch in dem neuen Vorstoß spielen die Banken eine Schlüsselrolle. Sie sollen künftig nur noch solche Unternehmen unterstützen, die im Einklang mit der staatlichen Industriepolitik stehen. Diese sieht einen Umbau der Wirtschaft vor: weg von einfachen Produkten mit geringer Wertschöpfung, hin zu höherwertigen, wissensbasierten Erzeugnissen. Nur wettbewerbsfähige Hersteller und solche, die sich dem Strukturwandel stellten, erhielten weiterhin Kredite, hieß es. „Um blinden Investitionen vorzubeugen, soll jede Form von Neukrediten verboten werden, die in Überkapazitäten oder illegale Bauprojekte fließen.“

Analysten sagten, in der Richtlinie zeige sich der neue Kurs des im März an die Macht gelangten Ministerpräsidenten Li Keqiang. Anders als sein Vorgänger Wen Jiabao spreche er nicht nur von Reformen, sondern gehe sie auch an - trotz des schwierigen konjunkturellen Umfelds und trotz großer Widerstände in der Staatswirtschaft und Teilen der Partei.


„Unvernünftige Allokation der Mittel“

Der Handelsweltmeister China, die zweitgrößte Volkswirtschaft der Welt, leidet derzeit unter der Schwäche seiner Absatzmärkte. Im Inland drückt die Flaute am Immobilienmarkt. Hier bekämpft die Regierung eine Spekulationsblase. Der Bau und der Export sind Hauptwachstumstreiber, weshalb sich die Zunahme des Bruttoinlandsprodukts stark abgeschwächt hat. Sie könnte in diesem Jahr auf den niedrigsten Wert seit 1990 fallen.

In der Erklärung zeigte sich die Regierung entschlossen, ihren Kurs trotz der Widrigkeiten fortzusetzen. Es gebe noch immer eine „unvernünftige Allokation der Mittel. Das steht nicht im Einklang mit den Erfordernissen, die Wirtschaftsstruktur zu verbessern.“ Zu den angestrebten Reformen zählt das Papier auch die schrittweise Freigabe der Zinsen, die Förderung des Binnenkonsums, die Öffnung der Finanzwirtschaft für privates Kapital sowie die Unterstützung von Auslandsinvestitionen.


Angeblich wurden 8000 Stellen abgebaut

Die schwierige Weltkonjunktur schlägt immer mehr auf Chinas Realwirtschaft durch. Wegen der Krise in der Photovoltaikindustrie hat der ehemalige Weltmarktführer für Solarmodule Suntech Insolvenz angemeldet, im ersten geordneten Verfahren dieser Art überhaupt. Am Freitag bat das Unternehmen China Rongsheng die Regierung um finanzielle Unterstützung. Der Konzern, einer der größten Schiffsbauer des Landes, leidet unter zurückgehenden Aufträgen und Überkapazitäten.

Angeblich hat er deshalb 8000 Stellen abgebaut, 40 Prozent der Belegschaft. Nach Angaben des chinesischen Werftenverbands lag der Auftragsbestand der Branche in den ersten fünf Monaten des Jahres um mehr als 20Prozent unter dem Vorjahreswert. Der Auftragseingang sei der niedrigste seit sieben Jahren. Lokalmedien berichten, viele kleinere Schiffsbauer hätten schon schließen müssen. "

[Popeye82]

Cost-cutting "far from over, in gold mining biz" - TCP/SHE, TORONTO - Aug 5, 2013
www.stockhouse.com/news/natural-resources/2013/08/05/cost-cu…

"Canadian miners are reining in spending to cope with plummeting gold prices, a move that analysts say is likely to hurt their production volumes several years down the road.


``Mining is a long-term business, so you want to be mindful that you don't cut out a cost today that will generate value in the future, for example, exploration,'' said Jay Patel, the mining and metals transactions partner at Ernst & Young.

Cost-cutting was the dominant theme as the big Canadian gold producers reported their second-quarter earnings over the past two weeks.

Some were forced to write down the value of their projects due to the eroded prices for gold, with Barrick Gold Corp. (TSX: T.ABX, Stock Forum) (NYSE: ABX, Stock Forum) taking the largest impairment charge, to the tune of US$8.7 billion.

Barrick , which saw its stock price ease 0.52% to $17.37 in New York Monday, said it's taking steps to lower its operating costs by laying off workers and cutting capital spending.

``We're prepared to make the tough decisions, including suspending, closing or selling assets,'' chief executive Jamie Sokalsky told analysts last week.

``While the outcome of the process could have an impact on our 2013 year-end reserves, as well as expected future production levels, where possible, we will maintain the option to access the metal in the future.''

Meanwhile, Agnico-Eagle Mines Ltd. (TSX: T.AEM, Stock Forum) (NYSE: AEM, Stock Forum) announced plans to trim expenses by $250 million over the next year and a half, while Goldcorp Inc. (TSX: T.G, Stock Forum) (NYSE: GG, Stock Forum) said it's ``aggressively'' looking for savings at its Penasquito mine in Mexico, after booking a $1.96-billion impairment charge on the project.

Analysts said the cost-cutting measures will have a positive impact on earnings in the coming quarters, but they're likely to decrease production volumes further down the road.

``Their mine plans will be dictated by near-term cash flows rather than the long-term value of the mines,'' said Darren Kirk, vice-president and senior credit officer at Moody's Investors Service.

``As a result, we expect that production will decline.''

The dramatic drop in the gold price has made some projects not profitable enough to continue, said Kirk.
Many of those projects will be put on ice as producers shift their focus to higher grade ore, where profit margins are larger.

Kinross Gold Corp. (TSX: T.K, Stock Forum) (NYSE: KGC, Stock Forum) said it's putting off deciding whether to continue with a planned expansion of its open pit mine in Mauritania until 2015.

``Frankly, the decision to not make a decision is really a consequence, more than anything, of a focus on the balance sheet,'' chief executive Paul Rollinson said during a conference call last week.

Some of the companies said they will keep less profitable projects idling on the backburner so they can restart them later, if gold prices recover.

``If it's not profitable for them to take that ounce out now, they're going to maintain that access to maybe take it out at a later date,'' said David West, a mining analyst at Salman Partners Inc.

``A lot of value in the mining industry is option value.''

West said more cost-cutting is likely to materialize during the third and fourth quarters of the year if metals prices continue to lag.

``Some companies are taking more of a wait-and-see approach,'' he said.

However, Kirk warned that some costs will be difficult to reduce.

``The challenge is that they have to reverse the inflationary pressures that have been prevalent in the industry over the last several years,'' he said.

While it'll be easy to lay off workers and negotiate lower prices with suppliers for things like chemicals and tires, costs such as labour and fuel are likely to pose a challenge, Kirk added.

But despite fears about lower production volumes in the years to come, analysts agree the cost-cutting is needed.

``The cost structures of most of these gold companies were really geared towards a gold price that was much higher than where it is today,'' Kirk said.

``It's a cyclical business, and gold producers need to be able to react to swift and sustained changes in the price of gold.'' "

[Popeye82]

Chinese leaders "reaffirm economic policy" - CER/R - Aug 5, 2013
www.chinaeconomicreview.com/node/64320

"Decision-makers in Beijing vowed on Tuesday to maintain stable economic growth by fine-tuning policies, Reuters reported, citing state-backed Xinhua News Agency.

While the politburo reaffirmed current fiscal and monetary policies, it said that "based on changes in the economic situation, we will pre-emptively fine-tune policies in a timely way and increase financial support for the real economy." Reforms and restructuring will also be continued, the politburo said, although no details were provided. The comments were the latest in a series by top leaders affirming their policy stance for China’s economy, which has slowed in nine of the past 10 quarters. "

[Popeye82]

White Mountain Titanium - Announces Updated NI 43-101 Geological Report +Mineral Resource Estimate for the Cerro Blanco Project: 180.200.000tonnes @1.60% TiO2 M/I/I - Jul 3, 2013
www.wmtcorp.com/en/popup.php?id=48

[Popeye82]

Sirius Resources NL - Maiden Bollinger Resource -of 4.400.000 tonnes @1.8% nickel, 0.7% copper +0.07% cobalt I/I, for a new combined Nova–Bollinger resource of 14.600.000tonnes @2.2% nickel, 0.9% copper +0.08% cobal I/I - Jul 15, 2013
www.siriusresources.com.au/documents/130715MaidenBollingerRe…

[Popeye82]

Beijing delays Shanghai FTZ - CER/SCMP - Aug 6, 2013
www.chinaeconomicreview.com/node/64351

"Beijing has delayed the opening of a free-trade zone in Shanghai, fearing loopholes in the legal framework, South China Morning Post reported.

The central government had planned to unveil the rules for the zone late last month, but policymakers put lawyers back to work out of concern the legal framework needed tightening and to reduce the risk of legal disputes involving foreign investors, government sources familiar with the matter said. The proposed set of rules could contain as many as 21 initiatives to attract foreign investment, covering sectors as diverse as financial services to commodities trading and culture-based businesses. "

[Popeye82]

Barkerville Gold Mines - Announces Updated Resource Estimate @Cow Mountain; sector of the Cariboo Gold: 4.980.000 Oz @~2.59g/t Gold M/I/I; +"Addresses Canadian Technical Information Disclosure, with the BC Securities
Commission" - Jun 18, 2013
www.barkervillegold.com/s/News_Releases.asp?ReportID=589212

[Popeye82]

Attila Resources - "Delivers "Robust" Pre-Feasibility Study", for Kodiak Coking Coal Project - Aug 6, 2013

"HLs":

+ Independent Pre-feasibility Study(PFS) "confirms the technical +economic "feasibility", of the Kodiak Hard Coking Coal Project, "based solely on the Gurnee Property"

+ PFS "demonstrates the capacity to produce circa 2.000.000 t/a"

+ Maiden high quality coking JORC coal reserves, of 48.200.000t, in Proven +Probable categories

+ Total up-front funding requirement of only US$52.100.000, after leasing of equipment +machinery, @current coal prices

+ Comprehensive "all in cash costs" of US$90/t FOB, for LOM, including rail, port, taxes +royalties

+ Cash costs "are in lowest 10%, for metallurgical coal producers"

+ "Staged development option", of 1.000.000t/a reduces up-front funding requirement, to US$ 27.000.000, "whilst still maintaining FOB cash cost", of US$ 90/t

+ Study based on "excellent quality hard coking coal", with ultra-low ash, low sulphur, high FSI +"superior fluidity values"

+ "Low-cost +quick start-up potential" of the Kodiak Project, driven in a large part by utilising the extensive infrastructure in place @the Kodiak Project, including wash plant, rail line +rail loading facilities, +the existing logistics pathway to market

+ Kodiak Project remains off-take free, "ensuring maximum financial flexibility." "Significant interest from multiple coal buyers has already been received, by Attila"

+ "Ability to improve project economics in the BFS", by reviewing production rates, preparation yields +sale of middling’s fractions, not contemplated in the current PFS. "Upside "potential" exists", integrating Attila’s Seymour Property, for increased scale, either on start-up or once Gurnee in production ...
www.attilaresources.com/images/130805-3_PFS_FINAL.pdf

[Popeye82]

GlyEco - Provides Glycol Recycling Services to Waste Management; the "largest environmental solutions provider in North America", "in ´12, they worked with >100 /Fortune 500 companies +helped >150 different communities "become greener" " - Aug 5, 2013
www.globenewswire.com/news-release/2013/08/05/564519/1004324…



GlyEco Begins "Type1 Recycled Glycol Production"; J. Lorenz: ""This is "a game-changing technology" +"the only cost-effective method of recycling glycols, so they are indistinguishable from newly produced material". We can clean any type of used glycol to meet these standards, +that same material "can be used, recycled +used again indefinitely". Customers have asked us for proven high-quality recycled glycol @a "marketable price". GlyEco Certified T1™ Recycled Glycol meets those needs. "For the 1st time, "a more sustainable future is on the horizon", for this hazardous material" " - Aug 6, 2013
www.nasdaq.com/press-release/glyeco-begins-type-1-recycled-g…

[Popeye82]

Ecuador Gold &Copper - Updates Mineral Resources, @The Condor Project, Ecuador, located 31km south of Fruta del Norte -to 6.396.000 Ounces @~0.66g/t Gold, 22.930.000 Ounces @~5.67g/t Silver +0.09% Copper(Santa Barbara South Zone) I/I +a maiden resource has been calculated @the El Hito Cu-Mo porphyry deposit -of 1.100.000.000 pounds @0.31% Copper +Silver I - Jul 23, 2013
http://ecuadorgoldandcopper.com/_resources/news/nr_2013_07_2…

[Popeye82]

Cominco Resources - Updated Hinda Resource: 531.100.000 tonnes @11.1% P2O5 M/I/I; "proximity of the Hinda deposit to surface, unusual thickness +soft nature of the mineralisation give rise to one of the lowest overburden to ore ratios, of any phosphate deposit", "understood to be the largest &thickest undeveloped Measured +Indicated phosphate deposit in the World" - Dec 4, 2012
www.comincoresources.com/images/uploads/Cominco_MRE_Announce…
www.comincoresources.com/images/uploads/Cominco_Management_P…

[Popeye82]

China drags feet, on South China Sea agreement - CER/XNA - Aug 6, 2013
www.chinaeconomicreview.com/node/64352

"Beijing is in “no rush” to sign the proposed South China Sea accord which would govern maritime behavior in the region, Reuters reported, citing a report from state-owned Xinhua News Agency on Monday.

China’s foreign minister Wang Yi said that more work is needed on the Association of Southeast Asian Nations’ (ASEAN) Code of Conduct. China said it will host talks between senior officials in September. Four ASEAN members, including Vietnam and the Philippines, have overlapping claims with China in the disputed waters. Friction has surged as China uses its growing naval might to more forcefully assert itself in the oil- and gas-rich sea. "

[Popeye82]

Cadan Resources - T´Boli Resource Update -to 1.100.000 Oz @8.7g/t Gold +3.300.000 Oz @27g/t Silber I - Jan 24, 2013
http://cadanresources.com/wp-content/uploads/2013/01/nr2013-…

[Popeye82]

Gas +oil sector "launch ad blitz, for better policies"; The gas +oil industry have launched an advertising blitz +are calling on the public to sign a petition, to lobby the government for better policies. The multi-million dollar campaign by The Australian Petroleum Production +Exploration Association aims to promote the industry +its economic potential for Australia, calling on better polices from the government, to ensure investment potential is not hamstrung - MA - Jul 30, 2013

- V. Validakis -
www.miningaustralia.com.au/news/gas-and-oil-sector-launch-ad…

[Popeye82]

YTC Resources - Maiden Nymagee Resource: 8.096.000 tonnes @1.20% Cu, 0.30% Pb +0.70% Zn I/I - Dec 22, 2011
www.ytcresources.com/public/documents/4/1/Maiden%20Nymagee%2…


$158.000.000 Financing, for Hera +Nymagee Projects - Nov 22, 2012
www.ytcresources.com/public/documents/5/8/1171833.pdf


Glencore Funding Completion, Hera, "expected to be one of the lowest Cash operating cost gold mines in Australia", AND Nymagee fully Funded, to Production - Mar 26, 2013
www.ytcresources.com/public/documents/5/8/1207666.pdf

[Popeye82]

Aluvance plc - Drill Targets Defined, @Birsok &Mandoum Bauxite Project, Cameroon - Jul 30, 2013

"HLs":

+ 73%/125 phase two prospecting samples returned >50% Al2O3

+ Sampling has defined numerous drill-ready targets, @72km2 Djombi prospect

+ Prospecting is continuing +preparations are underway, for a phase1 drill programme

+ Project "has high tonnage "potential", with "excellent" rail +power infrastructure"

+ Targeting an initial resource , of 250.000.000tonnes of bauxite ...
www.aluvance.com/s/NewsReleases.asp?ReportID=595379

[Popeye82]

Edgewater Exploration - Increases Gold Resources -to Over 1.034.000 Ozs @1.30g/t Au M/I/I, @the Corcoesto Gold Project, Spain - Aug 6, 2013
www.edgewaterx.com/NewsReleases.asp?ReportID=596181

[Popeye82]

Changes to financing, share consolidation rules on horizon for Canadian juniors; The TSX Venture's President +CEO, John McCoach, expands on the fate of temporary relief rules for juniors +a new policy that is to come, significantly opening the door to share consolidations - MW, HALIFAX - Aug 7, 2013

- Kip Keen -
www.mineweb.com/mineweb/content/en//mineweb-junior-mining?oi…

"There was a brief reference, buried in a recent Reuters article, with profound implications for cash-strapped penny-trading juniors on the TSX Venture. John McCoach, the TSX Venture president, was paraphrased as saying temporary financing rules - ones that let juniors do private placements at lower than usual prices - would likely come to an end August 31.


That was the stated expiry date on the rules anyway, yes, but then such deadlines have been twice extended in the past year since the Venture Exchange made the relief measures as juniors continued to face a tough financing market.

And understandably so from the perspective of the Venture Exchange and the listed companies on it. Somewhere around half the juniors on the Venture are trading below a critical policy threshold: Venture-listed companies with a shareprice under five cents are usually not allowed to do private placements. The temporary rules, among other things, let such financings go ahead nonetheless, providing a lifeline to juniors that would otherwise have to turn to a more time consuming - and perhaps loathed - alternative, share consolidation, to boost shareprices and then finance.

So what was happening here? Had the Reuters article got what to many might seem an esoteric policy measure but that would in actual fact have important repercussions for penniless juniors - early stage explorers especially - in a still frigid financing environment? And if so, why was the Venture planning to do away with temporary rules that made it easier for some juniors to keep the lights on?

The answers, in short, are that, yes, the TSX Venture intends to retire the temporary rules on August 31, meaning no more under five-cent private placements, but that it has other measures in mind to make it easier for juniors to meet the regular financing rules.

“We have decided to allow the temporary relief on certain policies, including pricing of private placements, lapse on August 31,” McCoach said, speaking with Mineweb Tuesday. Instead the TSX Venture is going to ease rules around share consolidation, he said.

As it stands to do a share consolidation on the Venture you need shareholder approval. But, with the new policy the TSX Venture is coming out with this week, McCoach said the Venture would let juniors do consolidations without shareholder approval when the share-ratio therein was 10:1 and less.

Juniors will, of course, still have to comply with securities laws in their home provincial jurisdictions, “but the majority of our companies will benefit from that change,” McCoach said. For example, BC, which a lot of juniors call home, does not require shareholder approvals on such share consolidations, he said.

The idea is to give juniors a way to meet the TSX Venture's regular private placement rules but avoid what otherwise would be a shareholder meeting that takes time and money to arrange.

Critics of the policy change will see it as an erosion of shareholder rights. But McCoach said the TSX Venture researched share consolidations and found the lesser ones are usually approved anyway.

“We've looked back as best we could and it's very, very rare, if ever, that shareholders have voted against a consolidation, particularly a modest consolidation,” McCoach said. “So we don't believe there's really any public interest or minority shareholder risks associated with this change.”

Starting this September, then, it seems reasonable to expect juniors will in increasing numbers consolidate their shares to comply with TSX Venture private placement rules unless, that is, the financing market makes a quick rebound. "

[Popeye82]

Growth in trust assets slow in China - CER/R/CTA - Aug 7, 2013
www.chinaeconomicreview.com/node/64359

"A government clamp down on risky lending slowed growth in China’s trust sector, the largest part of the country’s shadow banking system, Reuters reported.

Data published by China Trustee Association on Monday showed total assets managed by China's 67 trust firms reached a record-high of US$1.54 trillion by the end of the second quarter. But the 8.3% growth in the second quarter is far lower than the 16.9% growth shown in the first quarter. In 2012, total assets managed grew by an explosive 55.3%. Beijing’s policies have signaled concern over runaway credit growth due to borrowing at high rates, especially at trust companies. "

[Popeye82]

Japan, Philippines boost navies, amid islands dispute - CER/SCMP - Aug 7, 2013
www.chinaeconomicreview.com/node/64361

"Tokyo and Manila revealed Tuesday their latest naval additions amid heightening frictions with China over disputed islands and waters in the East China and South China seas, South China Morning Post reported.

Japan’s newest warship is the biggest since WWII, and the Philippines acquired a refurbished US cutter. Both warships will reportedly be used in the defense of territory. This comes amid recent calls from the US for China to sign a South China seas agreement governing maritime disputes in the resource-rich waters. Chinese foreign-policy thinker Ruan Zongze warned Manila and Tokyo that they had been mistakenly emboldened by Washington. "

[Popeye82]

Invest in technology or suffer, as digital divide opens: IBM/NIEIR report - MA/IBM/NIEIR - Aug 7, 2013

- Brent Balinski -
www-07.ibm.com/au/eraofsmart/
www.miningaustralia.com.au/news/invest-in-technology-or-suff…

" A new report by the National Institute of Economic and Industry Research has concluded that the costs of not investing in new technology by miners will be steep, with a difficult next decade as companies move from investment to efficiency .

The report, released by IBM as part of its Smarter Planet initiative, forecasted the economic impact on seven industries through transforming the way they did business involving new technologies, including robotics, high-speed broadband, mobile devices, Big Data and cloud computing.

“This right now is the tipping point, we believe, where the risk of inaction outweighs the risk of action,” said Andrew Stevens, IBM Australia and New Zealand’s managing director, who conceded that the conclusions might be viewed with skepticism by some, given that the report was commissioned by a technology company.

The NIEIR’s Reinventing Australian Enterprises for the Digital Economy report considered what the year 2025 might look like for those in financial services, retail, mining, telecommunication, public administration, healthcare and higher education. It found that the era would be defined for firms by how well they adopted to new technology and used it to “deliver unique value to customers and citizens with the speed, efficiency and ubiquity they demand.”

For miners, it would be a critical time as the investment cycle switched from capital expenditure to capital efficiency.

“I think the major point about the mining sector is that it’s going to come under more difficult times as commodity prices decline and their profitability is going to come under threat,” the NIEIR’s executive director, Dr Peter Brain, told Australian Mining.

He said that research found the differences between companies that transformed their operations and laggards was stark, and based on, “The extent to which the companies integrate their front office and their middle office with the mine and the back.

“Over the last few years with the expansion the back office in particular has grown rapidly and integration of the whole enterprise across the whole totality of operations has become somewhat fragmented.

“So what the leaders will do is invest heavily in new technology to integrate the front, middle and back office; much more remote control from remote operations, and looking across the entire supply chain, integrating not just simply pit-to-port, but pit-to-customer.”

The report mentioned Rio Tinto’s use of remote operations - citing its remote operation of its parts of its Pilbara mines from Perth - and use of automation and robotics to boost its productivity.

The research also modelled two companies with sales over slightly more than $8 billion for last year. It predicted that in 2025, the company that led in technological adoption would trump the other, and would triple the laggard’s market capitalisation and more than double its sales. "

[Popeye82]

Beijing to create forex investment agency - CER/SCMP - Aug 7, 2013
www.chinaeconomicreview.com/node/64360

"China’s central bank is working on a new agency that will better invest its US$3.5 trillion in foreign exchange reserves, South China Morning Post reported, citing two anonymous sources.

The new agency would be in addition to the China Investment Corp, the nation's sovereign wealth fund. People's Bank of China Governor Zhou Xiaochuan has assigned a division head of the State Administration of Foreign Exchange, the country's foreign exchange regulator, to lead a small team to study the feasibility of such a unit. Beijing set up the CIC, the country's first officially recognized sovereign wealth fund, in 2007. It has US$480 billion of assets under management. "

[Popeye82]

High Court "throws out mining tax challenge" - MA - Aug 7, 2013

- Vicky Validakis -
www.miningaustralia.com.au/news/high-court-throws-out-mining…

" Fortescue’s Andrew Forrest has lost his High Court challenge against the mining tax.

The tax applies to profits for coal and iron ore miners making more than $75 million a year in annual profit.

Forrest first announced plans to take the mining tax to court in November 2012 on the ground that it is ‘unconstitutional'.

Forrest and his Fortescue Metals Group argued that the tax discriminated between states and interfered with the rights of states to control their own resources.

However the challenge was unanimously dismissed by the High Court, The Age reported.

''The treatment of state mining royalties by the MRRT Act . . . did not discriminate between states and that the Acts did not give preference to one state over another,'' the court ruled.

The tax only raised $126 million in its first six months: a figure well below the full-year forecast of $2 billion.

In announcing the decreased revenue figure former Treasurer Wayne Swan blamed lower commodity prices, however others say loopholes in the tax allows major miners to dodge full payments.

The 2012 financial reports of BHP Billiton and Rio Tinto showed tax credits worth $644 million and more than $1.1 billion.

Earlier this year The Greens called for the closure of loopholes which allow mining companies to deduct the market value of existing assets over many years instead of subtracting the book value over five years.

Proposed changes include increasing the tax rate to 40%, cutting Commonwealth refunds of state royalty increases and including other minerals as part of the tax.

Leading economist Ross Garnaut said the mining tax is flawed and may not raise any revenue if left as is.

Garnaut blamed state government royalties and the ability of larger miners to lower their mining tax exposure by citing the market value of existing mines as partly responsible for the low tax rate.

However others say the industry is taxed enough.

Minerals Council of Australia chief, Mitch Hooke, wants taxes on mining companies left as is in order for the industry to remain internationally competitive.

“Full crediting of royalties is a key feature of the MRRT's design, one that ensures double taxation is avoided and that delivers a measure of stability and predictability to the overall tax burden on coal and iron ore projects, which are already at the upper end of global mining tax rates,” Hooke said.

“Even before the introduction of the MRRT, coal and iron ore were among the highest taxed industries in Australia based on the two main fiscal instruments used to collect mineral resource revenues – State and Territory royalties and Commonwealth company income tax.”

Opposition Leader Tony Abbott says the Coalition would scrap the mining tax if it wins the September election.

''The mining tax will be gone as of July 1 next year if you vote for the Coalition,'' he said. "

[Popeye82]

Esperanza Resources - Alamos Announces Friendly Acquisition - Jul 12, 2013
www.epzresources.com/_resources/news/2013/News-Release-2013-…

[Popeye82]

Solitario Exploration &Royalty: Announces High-Grade Drilling Results, on its Bongará Zinc Project, Peru, of "up to" 30.7meters grading 13.1% zinc, 5.0% lead +32.6g/t silver +2.4meters grading 33.00% zinc, 21.33.0% lead +133.96g/t silver - Aug 7, 2013
www.solitarioxr.com/news/08072013.pdf
www.solitarioxr.com/art/Bongara08_2013.pdf

[Popeye82]

Midas Gold - Completes US$15.000.000 Transaction, with Franco-Nevada - May 9, 2013
www.midasgoldcorp.com/i/pdf/nr/2013-05-09_NR.pdf


Midas Gold Completes C$9.800.000 Private Placement, with Teck Resources Limited - Jul 4, 2013
www.midasgoldcorp.com/i/pdf/nr/2013-07-04_NR.pdf

[Popeye82]

"Slump in recycled gold "rebalancing surplus market" " –Gold Council; A dramatic drop in the recycling of gold jewellery "was helping to "rebalance" the global bullion market", now in surplus, +" "could" set the stage for a price recovery", the industry-funded World Gold Council said on Tuesday. The council's managing director of investment, Marcus Grubb, said supplies of gold from recycling would fall by 300 t in ´13, almost a 5th of last year's 1.600 t, as low bullion prices "discourage people, from cashing in their jewellery" - MW/R/WGC, KALGOORLIE - Aug 6, 2013
www.miningweekly.com/article/slump-in-recycled-gold-rebalanc…

[Popeye82]

Centaurus Metals - Maiden JORC Mineral Resource Estimate -Candonga Project: 11.900.000 tonnes @43.0% Fe I/I - Aug 8, 2013

+ Maiden resource of 11.900.000t @43.0% Fe, for Candonga Project, 33km from Jambreiro.

+ Boosts company‐wide resources 22%, to 216.000.000t, including recent Canavial resource.

+ Includes 880.000t of "potential high‐grade direct ship mineralisation", grading 58.6% Fe.

+ Friable component of the Company’s resource inventory in the Guanhães Region now stands @89.200.000t grading 30.8% Fe: "strong foundation for future growth." ...
www.stocknessmonster.com/news-item?S=CTM&E=ASX&N=644991

[Popeye82]

Blackthorn Resources - Kitumba -"Best Ever Drill Result(s)" -of 233 metres @4.26% Cu +307m @4.31% Cu, including 243m @5% Cu + - Aug 8, 2013
www.blackthornresources.com.au/uploads/documents/ASX%20ANN_A…

[Popeye82]

Zitat von Popeye82: Fairstar Resources - Secures Irrevocable 80% Funding, for Steeple Hill Iron Project - Jun 5, 2013

+ Irrevocable commitment to fund 80% ($AU260.000.000) of Steeple Hill Iron Project

+ A 50/50 profit sharing Joint Venture over SHIP deposit

+ Agreed budget retires FAS debt free; Company debt free

+ No dillution of FairStar shares

+ Negotiations "well advanced2 with a range of parties for remaining 20% funding +off take of SHIP ore (Indicated Resource of 20.000.000 tonnes in accordance with the JORC Code)

+ Additional access to funds from a credit line, totalling $AU640.000.000 "if +when needed" ...
www.fairstarresources.com/downloads/announcements/fas_201306…

FairStar Resources secures offtake through Contract of Sale Agreement, for 10.000.000 tons of SHIP Ore - Aug 8, 2013

+ Maiden Steeple Hill Iron Project(SHIP) offtake agreement;

+ 10.000.000 tonnes to be delivered, @the rate of 1.000.000 tonnes/annum, over ten years;

* Buyer -LuYang Group International Limited.

+ The execution of this offtake agreement "will be instrumental, in enabling FAS to secure its 20% funding commitment." ...
www.fairstarresources.com/downloads/announcements/fas_201308…

[Popeye82]

China hands out record fines, to baby formula makers - CER/SCMP - Aug 8, 2013
www.chinaeconomicreview.com/node/64368

"China has levied a record fine of US$109 million (RMB668 million) on six baby formula producers as part of an anti-competition probe, South China Morning Post reported.

The six companies under fire were Biostime, Mead Johnson, Abbott, FrieslandCampina, Dumex and Fonterra. The penalties were imposed amid a drive by mainland authorities to ease consumers' fears about the reliability and quality of domestic dairy brands. At the same time, public confidence in foreign formula brands has plunged after several manufacturers recalled products that contained contaminated ingredients from a production line run by Fonterra. "

[Popeye82]

China Railway to spend $8.200.000.000, on trains - CER/BB/X - Aug 8, 2013
www.chinaeconomicreview.com/node/64365

"State-owned China Railway will spend US$8.2 billion in a large-scale purchase of trains to meet growing transportation demands, Bloomberg reported, citing a Xinhua report.

Newly formed China Railway, which took over train operations from the dismantled Ministry of Railways in March, will buy locomotives, bullet trains and rolling stock. China’s government pledged last month to speed up rail investment, especially in the nation’s central and western regions. The purchases will benefit CSR Corporation (601766.SHA) and China CNR (601299.SHA), the country’s two biggest train makers. "

[Popeye82]

Housing prices rise for 14th straight month, survey shows - CER/C - Aug 8, 2013
www.chinaeconomicreview.com/node/64366

"An early survey of new apartment prices in July showed government efforts to cool the market were failing , Caijing reported.

House prices rose for the 14th straight month last month, according to data from the China Real Estate Index System. Prices for new apartments in the ten biggest cities rose 10.72% from a year ago. Prices of newly-built houses climbed at an average pace of 8.81% in the 10 monitored cities, led by Beijing which saw an increase of 17.05%. Property developers are again picking up momentum in land purchases and money raising. "

[Popeye82]

China's debt-clearing agency planning IPO - CER/WSJ - August 8, 2013
www.chinaeconomicreview.com/node/64364

"China Cinda Asset Management is calling on bankers to submit proposals for an initial public offering in Hong Kong, The Wall Street Journal reported, citing anonymous sources.

Cinda is one of a series of companies created by the Chinese government in the ´90s, to take on the bad debt held by Chinese banks @the time. The IPO is "expected to come in the 4th quarter @the earliest, with many of the banks that handled the IPOs of China's big lenders vying to run the offering. The IPO is "expected" to raise ~US$2.000.000.000. "

[Popeye82]

CSIRO develops new X-ray technique, to uncover gold - MA - Aug 7, 2013

- C. Latimer -
www.miningaustralia.com.au/features/csiro-develops-new-x-ray…

" The CSIRO has created a new technique that uses powerful x-rays to detect gold in ore samples.

Developed with Canadian company Mevex, the gamma-activation analysis' (GAA) recent pilot study demonstrated the technology providing a faster, more accurate way to detect gold than traditional chemical analysis.

"This will mean mining companies can measure what's coming in and out of their processing plants with greater accuracy, allowing them to monitor performance and recover small traces of gold that would otherwise be discarded," the CSIRO says.

Last year Australia produced around $10 billion worth of gold, although only between 65 to 85% of gold is recovered; the CSIRO says even if there is only a 5% improvement in recovery this will lead to an extra half a billion dollars generated.

Gold has recently experienced a massive slump, after recording record highs and a skyrocketing price over the last few years.

In June gold prices dropped to a three year low as markets went through a correction phase.

Gold prices have been in steady decline in recent months as investors who bought the asset to hedge against high inflation and a weaker US dollar shed their holdings.

Spot prices for gold managed to fall more than eight per cent in a single week after Federal Bank chairman, Ben Bernanke, outlined a plan to wind back massive stimulus measures.

As the price has fallen more and more gold miners have been laying off workers in an attempt to stem cash loss.

This new technology aims to aid miners in getting higher returns out of their ore.

GAA works by scanning mineral samples using high energy x-rays, which activate any gold in the sample which can be picked up by a detector.

James Tickner, the project's leader, said the technology is two to three times mire accurate than 'fire assays', which needs the sample to be heated up to 1200 degrees Celsius.

"The big challenge for this project was to push the sensitivity of GAA to detect gold at much lower levels – well below a threshold of one gram per tonne," he says.

The entire process can also be automated, allowing for quicker process.

"Fire assay usually involves sending samples off to a central lab and waiting several days for the results. Using GAA we can do the analysis in a matter of minutes, allowing companies to respond much more quickly to the data they’re collecting.

"A compact GAA facility could even be trucked out to remote sites for rapid, on-the-spot analysis," Tickner added.

The new process is also more sustainable as it does not use heavy metals such as lead.

It can also be used across a number of different metals.

"While most of the work we’ve done has been based on the gold industry, the technique can be modified for other valuable commodities such as silver, lead, zinc, tin, copper and the platinum group metals."

The team is currently aiming to have a full scale analysis facility up and in running in Australia within the next two years. "

[Popeye82]

EMED " "targets" staged production, @Rio Tinto" - MW/CMR, KALGOORLIE - Aug 7, 2013
www.miningweekly.com/article/emed-targets-staged-production-…

"Dual-listed metals developer EMED Mining was looking @a staged development for its flagship Rio Tinto copper project, in the Andalucia region of Spain.

Speaking to Mining Weekly Online on the sidelines of the Diggers +Dealers conference, EMED MD Harry Anagnostaras-Adams noted that the project was "set to go into production @the end of ´14", producing @a throughput rate of 5.000.000 tonnes/year.

“The project will ramp up to 9.000.000 tonnes/year over the next 18 months to produce some 40.000 t/y of copper +, over the next four years, it will ramp up to 15.000.000 tonnes/year to deliver some 60.000 t/y of copper.”

Anagnostaras-Adams pointed out that the initial operation would comprise an opencut mine, but added that EMED would work to bring the underground mine to production while simultaneously drilling to expand the reserve +resource base.

At the moment, the openpit mine had sufficient reserves to support a mine life of some 14 years, but Anagnostaras-Adams added that, once the reserve had been expanded +the underground mine was in operation, the life-of-mine could be extended to 20 or 30 years.

The project would require a capital investment of some $290.000.000 and, earlier this year, the Aim- +TSX-listed miner announced that it had secured project finance of between $175.000.000 +$190.000.000, with standby facilities "of up" to $50.000.000 from a syndicate assembled by Goldman Sachs +supported by shareholders.

Anagnostaras-Adams pointed out that the final brick of the funding, which, @this point, was estimated to be ~$35.000.000, "would be secured within the next month". He added that the company was "considering a range of options", including a royalty entitlement, offtake agreements +equity shares. "

[Popeye82]

Strata Oil &Gas - "Reaches 887.000.000 Recoverable Barrels" - Aug 8, 2013
www.marketwatch.com/story/strata-oil-reaches-887-million-rec…

[Popeye82]

Papillon Resources - "Delivers "Outstanding" PFS, for Fekola Gold Project" - Jun 26, 2013

"HLs":

+ Positive Pre-Feasibility Study "confirms technical viability +"robust" economics", of Fekola Project;

+ Average annual production of 306.000 ounces of gold, over Life of Mine(‘LOM’);

+ Initial mine life of nine years, with "significant potential" for extensions;

+ Average plant mill feed grade of 2.73 g/t gold;

+ Average operating costs(C1 cash costs) of ~US$580/ounce LOM;

+ "All-in-sustaining cash costs", including corporate overheads, sustaining capital, exploration expenditure +royalties of ~US$725/ounce LOM;

+ Capital cost, including all associated project infrastructure, of US$292.000.000(including 15% contingency); +

+ Strong cash flow generation, with "potential" average annual pre-tax operating cash flows of ~US$190.000.000 LOM, using a flat US$1.300/ounce gold price. ...
www.papillonresources.com/uploads/1/4/5/4/14549932/1232105.p…

[Popeye82]

Northern Star shakes falling gold price, to post record profit - MA - Aug 5, 2013

- A. Heber -
www.miningaustralia.com.au/news/northern-star-shakes-falling…

[Popeye82]

Sheffield Resources wins "Best Emerging Company" award - MA - Aug 8, 2013

- C. Latimer -
www.miningaustralia.com.au/news/sheffield-resources-wins-bes…
www.sheffieldresources.com.au/pdf/1308_08_sfx%283%29.pdf

" Sheffield Resources won the Best Emerging Company award at Diggers & Dealers's annual gala dinner last night.

Bruce McQuitty, Sheffield's managing director accepted the award on behalf of the company.

Its chairman Will Burbury said the company was honoured to have received the award.

"This award not only recognises the exceptional exploration success that the company has achieved in a relatively short time frame (since listing on the ASX in December 2010), but also the vision and commitment of our small dedicated team," he said.

Sheffield is undertaking a second drilling campaign at its Thunderbird deposit in the Canning Basin.

According to the company its maiden drilling campaign at the project established Thunderbird as one of the largest and highest grade mineral sands deposits uncovered in the last decade. "

[Popeye82]

Zitat von Popeye82: Pura Vida Energy NL - Mazagan permit "estimated to contain 7.000.000.000/5.300.000.000 Net barrels" - Sep 21, 2012

+ Leading independent advisory group DeGolyer +MacNaughton(“D&M”) has prepared an updated independent estimate of the resource potential of the Mazagan permit which incorporates the new data from the reprocessing of the 3D seismic.

+ D&M has provided estimates for 13 oil prospects in the Mazagan permit as follows:

- total "mean prospective resources" of 7.000.000.000 barrels -5.300.000.000 barrels net to Pura Vida’s 75% interest in the permit(up from 2.400.000.000 barrels net on previous estimate)

- significantly, the chance of success across prospects has also increased -ranging from 19% to 34%.


+ These estimates include 3 new prospects -Tafraoute, Amtoudi East +Amtoudi West. These prospects add 2.100.000.000 barrels to the "prospective resource" +each have a 32% chance of success.

+ Pura Vida’s giant Toubkal prospect has been attributed a "mean resource potential" of 1.500.000.000 barrels("high estimate" of 3.100.000.000 barrels) +given a 31% chance of success. ...
www.puravidaenergy.com.au/news_pdf/210912__ASX_Announcement_…
www.puravidaenergy.com.au/news_pdf/Pura_Vida_Prospective_Fin…

Zitat von Popeye82: Pura Vida Energy NL - Farmout with Plains Exploration &Production Company Secures Funding, For Multi-Well Drilling Program Offshore Morocco - Jan 3, 2012

+ Pura Vida has signed a farmout agreement in relation to the Mazagan permit, offshore Morocco.

+ The farmout will provide funding for various exploration operations "up to" a maximum of US$215.000.000, including a firm commitment to fund +drill two exploration wells.

+ Drilling will test multiple play types, including the giant Toubkal prospect, that has a "mean resource potential" of 1.500.000.000 barrels.

+ @closing(following receipt of all governmental approvals) Pura Vida will receive an upfront cash payment, of US$15.000.000. ...
www.puravidaenergy.com.au/news_pdf/ASX_67_-_Farmout_Secures_…

Pura Vida Energy NL - 815.000.000 BO "Net Prospective Resources", @Nkembe Block - Jun 6, 2013

+ "Initial evaluation" has identified substantial resources in the Nkembe block, with "net prospective resources" of 815.000.000 bo(mean)

+ This "initial review" has confirmed that the Nkembe block contains a range of different play types, with four main prospects being evaluated

+ The evaluation has confirmed the existence of large pre-salt structures in the Nkembe block

+ Farmout process will commence shortly, with EZDataRoom, the group that successfully assisted Pura Vida in farming out the Mazagan permit, in Morocco ...
www.puravidaenergy.com.au/media/media/ASX_104_-_Nkembe_Resou…

[Popeye82]

Zitat von Popeye82: Millrock Resources - Acquires Stellar Copper-Gold Project, Central Alaska; a historical resource of 1.244.000 tons grading 6.03 grams/tonne gold +2.69 % copper has been reported by prior explorers(UNC Teton Exploration +Drilling Inc., ´82) - Sep 19, 2012
www.millrockresources.com/news/millrock_acquires_stellar_cop…

Millrock Grants "Right of 1st Refusal" to "Major Mining Company", one of the world’s leading copper producers, to enter into an Option +Joint Venture Agreement concerning the Stellar Project, Alaska - Aug 6, 2013
www.millrockresources.com/news/millrock_grants_right_of_firs…

[Popeye82]

SA "needs to invest up to2 US$9.000.000.000, in new coal mines; South Africa needs to invest "as much as" US$9.000.000.000 in new coal mines in order to supply power plants "that would be @risk of running short of the fuel, "as soon as" ´15", an industry study has found - MW/R/GH, JOHANNESBURG - Aug 7, 2013
www.miningreview.com/node/22542

[Popeye82]

Thailand to build deep water port, in Mozambique - MR/MNHA, MAPUTO - Aug 1, 2013
www.miningreview.com/node/22494

"The government of Thailand is set to invest at least US$8 billion in the construction of a deep water port in the Zambezia province of Mozambique, which will have a rail link to the coalfields of the Tete province.

“We have had success in investing in infrastructure and in development corridors and, in this context, we will invest in construction of a port in Macuse in Zambézia and a railway,” said Thai prime minister Yingluck Shinawatra, according to Macauhub News Agency.

The project for construction of the deep water port in Macuse was first announced, in December 2011 by mining group Rio Tinto, which has a coal mine in Benga, in the Tete province, according to the Mozambican Centre for Investment Promotion (CPI).

At the time, the director of CPI, Lourenço Sambo said that the project would involve an investment of US$8 billion, including, along with the port facility, construction of the Tete-Macuse railway, covering a total of 575km.

Rail transport for coal mined in Tete is currently carried out along the Sena line, which links the province to the port of Beira, in Sofala province, and refurbishment work on that line and the port is affecting exports by mining groups operating in the region.

As part of the official visit, the governments of Thailand and Mozambique signed five cooperation agreements, which included visa exemptions for diplomatic passports and development of activities in the oil and gas sector.

Thai state oil company PTT Exploration has significant investments in the oil and gas sector in the Rovuma basin, in the Cabo Delgado province of northern Mozambique."

[Popeye82]

New AngloGold technology "safely mines ‘all gold, only gold, all the time’"; Interest in AngloGold Ashanti’s "new “game-changing” technology", which safely mines “all of the gold, only the gold, all the time”, is now being shown by the company’s gold-mining +platinum-mining peers, the company’s new CEO Srinivasan Venkatakrishnan(Venkat) said on Wednesday. “There’s no drill +blast. Effectively it removes the seismic impact, brings a safe working environment, eliminates dilution +brings all of the gold out,” Venkat told Mining Weekly Online, in a video interview(see attached) - MW, JOHANNESBURG - Aug 7, 2013

- M. Creamer -
www.miningweekly.com/article/new-anglogold-technology-safely…

[Popeye82]

Mining Review Africa - Aug13

Contents

Cover Article

- In the past 14 years, AST Africa has built up an enviable reputation for professional fire engineering services, +has introduced a number of groundbreaking fire engineering solutions to South Africa


West African Supplement

- A leading West African miner has come out strongly against governments +mining companies that put their own interests above working together towards the optimal development of the continent’s massive resources

- As Sundance Resources prepares to launch its US$4.700.000.000 Mbalam-Nabeba iron ore project, which straddles the Cameroon-Republic of Congo border, it "appears that the company could be partnering with Chinese or the Indians –or even both"

- Canadian-based gold company Teranga Gold Corporation –the 1st major gold producer in Senegal – has " "ambitions" of becoming a leading gold producer in West Africa", pushing output from the current 210.000 to between 400.000 +500.000oz/a

- Australian-based Papillon Resources Limited –an "emerging West African golddeveloper", fast-tracking its flagship Fekola gold project in south-western Mali – "aims to produce "close to" 250.000oz/a, as of ´15"


Coal

- The release of the definitive feasibility study(DFS) on Coal of Africa’s Makhado project – which is "expected" to produce 12.600.000t/a of coal – "promises sound returns + "could" see the company becoming a global player, in the hard coking coal market"


Safety +Environmental Supplement

- The mining industry is constantly under intense scrutiny over its safety, health +environmental management performance. MRA looks @developments in the dynamic field of safety, health +the environment


Oil &Gas

- Africa’s oil +gas industry "faces the possibility of momentous growth", but it is "grappling with the challenging economic +political environment", on the African continent, according to PricewaterhouseCoopers ‘Africa oil & gas review’


"Special Feature" –Water Treatment

- Water is absolutely essential for mining, +increasingly, acid mine drainage is an issue that sparks off heated debate. MRA keeps you abreast of latest developments ...
http://media.digital-magazine.co.za/miningreview/miningrevie…

[Popeye82]

Machines "can end platinum mine strife" - MR/Fin24, LONDON - Aug 5, 2013
www.miningreview.com/node/22511

" The loss-making platinum industry of South Africa should have pushed through the mechanisation of mines years ago to avert its current problems with restive unions and soaring wage demands.

So says Brad Mills ‒ chief executive of Lonmin, the country’s third-largest platinum producer until 2008 ‒ adding that firms had to start the effort now or remain confronted by a large, highly unionised workforce, reports Fin24.

“My view was, this is a 15-year process but you've got to get your head out of this trap,” Mills said, “And the only way you're going to do it is to convert and mechanise, as painful as that might be.”

Unlike coal and copper, transformed by automation and remotely controlled equipment, platinum mines remain labour intensive. The rock is drilled, blasted and cleared by men.

As Lonmin chief executive from 2004, US-born geologist Brad Mills led a push to take machines into Lonmin's narrow, sweltering shafts. But progress was slow, costs were steep and he was ousted in a boardroom coup.

His efforts were reversed and some mine analysts say the opportunity has now passed.

“Given what's happened, it was exactly the wrong decision. The whole disaster they've had has been with the rock drill operators, which is the guys you get rid of when you mechanise,” he said in an interview here. “Machines don't come up to you annually and want 15% more salary to do their job. ”

Profits at South Africa's platinum producers slid last year after a wave of strikes during which dozens of protesters were killed.

Many companies are still struggling to resume generating cash, especially at a time of weaker prices. Mining companies are now locked in some of the toughest wage negotiations since the end of apartheid in 1994. "

[Popeye82]

"Can Russia Challenge China’s REE Monopoly?" - INN - May 6, 2013
www.resourceintelligence.net/can-russia-challenge-chinas-ree…

"The Chinese chokehold on the rare earths market been a longstanding fact of the industry for years, but that could be changing as a result of a landmark $1 billion deal to develop the Tomtor rare metals deposit in the Russian Far East.

According to Russian newspaper Kommersant, ICT Group, controlled by Russian tycoon Alexander Nesis, and state-owned company Rostec will aim to put the deposit, one of the largest repositories of rare earth elements in the world , into production.



- ICT Group, controlled by Russian tycoon Alexander Nesis, and state-owned company Rostec will aim to put the Tomtor deposit, one of the largest repositories of rare earth elements in the world, into production. -


Under the deal, ICT Group will take a controlling 50 percent interest in the project, with Rostec owning 25 percent and the remaining 25 percent controlled by an as-yet unnamed investment fund.

The 250-square-kilometer field, located in the Russian region of Yakutia, is estimated to contain 150 million tonnes of rare earths reserves, including ytrium, niobium oxides, scandium and terbium.

International Business Times reported that the deposit contains a whopping 12 percent of the world’s total rare earth reserves , with proven reserves of 154 million tonnes -possible reserves exceeding all the rest of the world’s reserves combined .

Assuming that the deposit could be turned into a producing mine or set of mines, it would most certainly pose a challenge to the current rare earth monopoly enjoyed by China, which produces roughly 95 percent of the rare metals used in everything from missile guidance systems to cellular phones and renewable energy applications.

Russia currently only accounts for about two percent of global production and consumption of rare earths; putting the Tomtor deposit into production would see Russia putting significantly more skin in the game.

The only two companies currently in a position to challenge China are Lynas (ASX:LYC), which recently began processing rare earths at its plant in Malaysia shipped from its Mount Weld mine in Australia, and Molycorp (NYSE:MCP), which processes rare earths from its Mountain Pass mine in California.

Meanwhile China, which in 2010 launched a campaign to curb illegal over-production of rare earths elements that was depressing the prices of rare earth oxides, admitted on Friday that its program is not working.

Su Bo, China’s vice-minister of industry, said on the ministry’s website that ”Problems in the industry that have accumulated over the long-term have still not been fundamentally resolved,” adding the following explanation:

“Unplanned exploitation and production of rare earths has affected the normal workings of the market, and illegally-produced rare earth products have reached downstream consumers through a variety of channels or been smuggled abroad, leading to a continuous decline in prices.”

Rare earth oxides enjoyed record prices in 2011 but have since slumped, mostly due to the global economic slowdown, especially in China which is both the world’s largest REE consumer and producer. Overproduction in China has exacerbated the situation. "

[Popeye82]

Quest Rare Minerals - Signs a "Letter of Intent", for Sale of 100% of Strange Lake's "Expected" Zirconia Production - Jul 3, 2013
www.questrareminerals.com/news_.php?url=http%3A//cnrp.market…

[Popeye82]

Illegal gold mining more profitable than drugs in Colombia, have climbed five times higher than those from cocaine dealing, according to Colombia’s acting director of the rural police, Colonel Hector Paez - IRJ - Jun 25, 2013
www.internationalresourcejournal.com/resource_news/5340.html

"Illegal gold mining is now the money-spinner of choice for Colombia’s rebels and drug gangs.

Profits from illegal gold mining have climbed five times higher than those from cocaine dealing, according to Colombia’s acting director of the rural police, Colonel Hector Paez.

He told Bloomberg: “A kilogram of cocaine can sell for about 2,570 in the Colombian jungle, while a kilogram of gold can fetch 19 times that, or similar to global market prices.”

Gold is now the country’s third biggest export after oil and coal.

Colombian rebels using gold mining profits to fund terrorist activity include the Revolutionary Armed Forces of Colombia (FARC) and a new generation of drug gangs known locally as Bacrims.

The Colombian government has been in peace talks with FARC since November 2012 and have made some progress, but the criminal group still controls much of the countryside.

Legal adviser Richard Moreno commented: “Mining and forestry are controlled by the FARC and other criminal gangs. If you don’t hand over extortion payments, you can’t work there.”

Despite its 6,000+ illegal mines, Colombia has Latin America’s fifth largest economy and received a boost in the last decade through a quadrupling of foreign investment between 2002 and 2008.

Colombian Parliament will soon discuss a bill to make illegal mining a crime punishable through the country’s Penal Code, which experts say could weaken the rebels’ grip on its resources. "

[Popeye82]

Baja Mining - Boleo Project Receives Further Funding +Baja Mining Interest in MMB Adjusted, to 10 Percent - Aug 8, 2013
www.bajamining.com/content/pdfs/news/NR13-2013-08-08_10%25_F…

[Popeye82]

Vale approves ‘largest iron ore project, in history’ - IRJ - Jul 5, 2013
www.internationalresourcejournal.com/resource_news/5430.html

"Vale SA’s giant $19.670.000.000 iron ore project in Carajas, Brazil, has received the installation licence it needs, to proceed with construction.

S11D is claimed to be the "largest single iron ore project in history", as well as "the “highest grade +lowest cost world-class project in the industry ,” according to a Vale statement".

The mine is "expected" to begin production in the 2nd half of ´16 +to reach its full 90.000.000 tonnes/anno capacity in ´18.

Vale’s board of directors gave the project their official approval yesterday, after obtaining the installation environmental licence from Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis(IBAMA). "

[Popeye82]

Rio's mining tax payment amounts to zilch; Mining giant Rio Tinto was refunded $74.000.000 from the Australian Taxation Office on the sole quarterly payment it made in April, meaning it has paid no mining tax for the 1st year of the tax. The company received the refund after an ATO assessment concluded it had paid too much - MA - Aug 9, 2013

- Malavika Santhebennur -
www.miningaustralia.com.au/news/rio-s-mining-tax-payment-amo…

[Popeye82]

China wants to send more workers to build mines - MA/TA - Aug 9, 2013

- Vicky Validakis -
www.miningaustralia.com.au/news/china-wants-to-send-more-wor…

" The China Mining Association has called on the Australian government to let more Chinese workers into the country in order to fast-track the construction of mining projects.

The association’s executive vice president, Wang Jiahua, told a Melbourne Mining Club lunch that Chinese companies investing in and building mining projects in Australia were struggling to find labour, and said China’s huge population of 1.3 billion could offer the solution.

"We can fully utilise the advantages of labour in China so that the projects can quickly achieve capacity for construction," Jiahua said.

"After that the Chinese labourers move back to China in stages and the project is handed fully to Australians to solve the unemployment rate in Australia too."

Jiahua also said that Australian miners were selling their minerals at prices that were too steep, forcing Chinese customers to post losses, The Australian reported.

He said the pricing of resources from companies like BHP Billiton could not be matched by China’s steel industry companies who were losing money.

Jiahua said a possible solution could lie in cross shareholdings, where Chinese steelmakers take stakes in Australian mines, ensuring they become more vertically aligned.

He said if current high pricing mechanisms continued, the Chinese government would reduce its capacity to buy Australian minerals, or look to develop their own mines.

"It is hard to imagine whatever the Chinese sell will be cheap, whatever the Chinese buy will be expensive to become the norm,' he said.

"The interests and profits for upstream and downstream businesses have reached a mismatch, this is not sustainable, not good and not beneficial for anyone.

"We need to choose and find a win-win path and get a strategy panned out"

Jiajua also took aim at the mining tax, infrastructure, and labour and Indigenous issues, which he claims are the main reasons why Chinese investment in Australia had come off of late.

However, he said the mining boom was not likely to end soon, with China’s continued growth set to continue as the nation moves on current plans to build ten cities.

The calls to allow more foreign workers into the country is set to draw the ire of unions who have consistently called for Australian jobs to be put first, claiming that some miners are rorting the 457 visa scheme. "

[Popeye82]

Former senior official to be prosecuted - CER/R - Aug 9, 2013
www.chinaeconomicreview.com/node/64374

"Former deputy head of China's top planning commission Liu Tienan was expelled from the China Communist Party and will face prosecution for his alleged wrongdoings, Reuters reported, citing a state media's report on Thursday.

"Liu Tienan took advantage of his position to seek profits for others, and both Liu and his family accepted a huge amount of bribes," the official Xinhua news agency reported, citing a statement from the party's graft-fighting watchdog, the Central Commission for Discipline Inspection. He is believed to be the first ministerial-level official to face an investigation stemming from accusations on the Internet, which the party has been trying to use to uncover graft, albeit with mixed results. "

[Popeye82]

Kraig Biocraft Laboratories - to Launch Commercial Production of Monster Silk(TM) , " "believed will be" the world’s 1st commercial scale production of "recombinant spider silk" " - Jul 15, 2013
www.kraiglabs.com/kraig-biocraft-laboratories-to-launch-comm…

[Popeye82]

July trade figures " "indicate" recovery, for China" - CER/FT - Aug 9, 2013
www.chinaeconomicreview.com/node/64371

"China’s July trade numbers grew robustly, indicating that China’s economy could be stabilizing after a rocky first half of the year, Financial Times reported.

Exports rose 5.1% year-on-year, rebounding from a 3.1% drop in June. Imports increased 10.9%, up from a decline of 0.7% the month before. Both figures are well ahead of forecasts, pointing to a steadying of the country’s economy after a sharp slowdown in exports and imports during the last few months. China may also be catching a tailwind from overseas, with early signs that the Eurozone could exit recession in the second half of the year. "

[Popeye82]

Internet-Firmen schmieden "Allianz für "sichere Mails" " - W - Aug 9, 2013
www.welt.de/wirtschaft/webwelt/article118859480/Internet-Fir…

[Popeye82]

Solazyme - "Accelerates U.S. Commercialization", for Renewable Oils Production, with Archer-Daniels-Midland Company, "a leading global agricultural processor", Agreement - Nov 14, 2012
http://solazyme.com/media/2012-11-14



Solazyme &Mitsui, "one of the most diversified +comprehensive trading, investment +service enterprises in the world", Enter into Multi-Year Agreement, to Jointly "Develop a New Suite of Tailored Algal Oils"; New suite of "sustainable, highly functional oils" brings "significant "breakthroughs" to the oleochemicals +functional fluids industries" - Feb 6, 2013
http://solazyme.com/media/2013-02-06



Solazyme &AkzoNobel, "a leading global paints +coatings company +a major producer of specialty chemicals", Enter Agreement, Spanning Surfactants +Coatings Markets - May 8, 2013
http://solazyme.com/media/2013-05-08-0



Solazyme & Sasol Olefins &Surfactants Finalize Commercial Terms, for a Multi-Year Supply of High Erucic Algal Oil - Aug 7, 2013
http://solazyme.com/media/2013-08-07

[Popeye82]

Xtract Resources Plc - signs "Heads of Agreement", to enter into a "Proposed JV", with Polar Star on Mejillones Phosphate Property, in Chile - Jul 10, 2013

"HLs:"

+ "Upon completion of certain technical work +capital expenditure", from existing cash resources, Xtract will have the right to earn-in "up to" 75% of the Property, with the "potential" to buy the remaining 25% stake from Polar Star

+ The Property "under consideration" "targets" 60.000.000 - 200.000.000 tons of open pit sedimentary phosphate-uranium, with a grade of +32% P2O5, post mechanical upgrading

+ The Property are within 15km of a major port accessible by paved roads

+ This transaction "marks the 1st step to of a "new strategy adopted" by the Board, to invest in resource assets "with near-term production capability +"significant growth potential" " "

+ Focus will be on assets which are "relatively straight forward to evaluate, with low entry cost +located in more favorable mining jurisdiction" ...
http://tools.euroland.com/investortools/rnsclient/LoadAnnoun…

[Popeye82]

Apple +China Mobile heads hold talks - CER/R - Aug 1, 2013
www.chinaeconomicreview.com/node/64330

"A meeting between the heads of Apple (AAPL.NYSE) and China Mobile (CHL.NYSE, 0941.HKG) may finally see the iPhone offered by the world’s largest mobile carrier by subscribers, Reuters reported.

Apple CEO Tim Cook and China Mobile chairman Xi Guohua held talks on Tuesday to discuss matters of cooperation, the Chinese company said in a statement. China Mobile is the only Chinese mobile operator not to offer iPhones or iPads. Earlier this week Cook met with the top executives of China Telecom (CHA.NYSE, 0728.HKG, 600050.SHA). Apple reported a 43% fall in second-quarter sales in Greater China, its second-largest market. "

[Popeye82]

Bad loans total $88.000.000.000, in June - CER/BB/CBRC - Aug 1, 2013
www.chinaeconomicreview.com/node/64329

"Chinese banks held outstanding bad loans totaling US$88.000.000.000(RMB539.500.000.000) @the end of June, equating to 0.96% of all loans, Bloomberg reported, citing a statement by the China Banking Regulatory Commission(CBRC).

China’s local government financing vehicles’ combined outstanding loans gained 6.2%, to total US$1.580.000.000.000 @the end of June. Chinese banks’ profits "may decline in the next three years, as a government crackdown on industrial overcapacity slows lending +sours loans", JP Morgan Securities said in a note, released on Tuesday. The CBRC said that it "will prevent risks in credit, liquidity, asset management products +trust businesses". "

[Popeye82]

Presse: Obama spricht mit Internet-Firmen, über Überwachung - FO/DPA, WASHINGTON - Aug 9, 2013
www.focus.de/finanzen/news/wirtschaftsticker/presse-obama-sp…

[Popeye82]

Astra Resources Plc - Secures €80.000.000 Equity Investment, from Global Investment Group, Global Emerging Markets - Aug 10, 2013
www.astraresources.co.uk/en/newsroom/announcements

[Popeye82]

Palmer's China 1st project "gets green nod"; The Queensland government has approved the A$6.400.000.000 development of Waratah Coal’s proposed China 1st coal mine +infrastructure development. Deputy Premier +Minister for State Development, Infrastructure +Planning, Jeff Seeney noted that the approval of the environmental impact statement(EIS) was subject to a number of strict conditions - MW, PERTH - Aug 9, 2013
www.miningweekly.com/article/palmers-china-first-project-get…

[Popeye82]

Australia Minerals &Mining Group - Maiden JORC Resouce, @Glenarty Creek Mineral Sands Project -of 807.000.000 tonnes @3.7% Heavy Minerals I - Jun 18, 2013
www.ammg.com.au/download/AMMG%20Final%20ASX%20Announcement%2…

[Popeye82]

Orbite Aluminae - Announces Offtake Agreement, with Glencore International AG, subsisiary of "one of the world’s largest global diversified natural resource companies"; Agreement provides for the purchase by Glencore of 100% of the smelter-grade alumina, from the Corporation’s 1st "proposed" SGA plant, in Quebec, Canada, for an initial term of 10 years, from the commencement of commercial production. The Agreement also "foresees" that Orbite +Glencore will "undertake negotiations, relating to Glencore’s "potential" financial participation, in the ownership +operation of the Corporation’s "proposed" SGA plant, in Quebec" - Jun 17, 2013
www.orbitealuminae.com/media/upload/news/PR_Orbite_Glencore_…

[Popeye82]

Apollo Minerals - " "Large IOCGU "Target" " Supported by High Density Body", @Titan - Feb 26, 2013
http://srv15.netregistry.net/~apap5260/wp-content/uploads/20…



"Highly Anomalous Base & Precious Metals", @Acacia East - Mar 11, 2013
http://srv15.netregistry.net/~apap5260/wp-content/uploads/20…



SA Govt Funds Study of IOCG(U) Potential, @Titan Project - May 28, 2013
www.apollominerals.com.au/wp-content/uploads/2013/05/AON-201…



JV Discussions Underway, for Titan Base Metals Project; discussions are currently in "initial" stages, Apollo is "delighted @the level of interest shown inthe Titan Project, by "some of the world’slargest mining companies" " - Jul 3, 2013

+ Apollo has entered discussions "with a number of leading mining companies, on a potential JV for the Titan Base-Precious Metals Project, in South Australia

+ Results from recently completed drilling were "highly "encouraging", with iron, copper, gold, silver +cobalt mineralisation being intersected, @the Acacia East Prospect

+ Apollo’s targeted exploration results "continue to "validate the Company’s exploration model" +confirm the project’s "potential", to host a major deposit."

+ The Titan Project "hosts "a number" of high priority IOCG-U targets, from which Apollo is "seeking to discover a major deposit, "similar" to the nearby Prominent Hill +Olympic Dam projects"

+ The Company will provide updates on the progress of JV discussions in due course ...
www.apollominerals.com.au/wp-content/uploads/2013/07/AON-201…

[Popeye82]

Canada "launches research, to boost Yukon placer mining gold recoveries"; The Canadian federal government, the of Yukon Territory government’s economic development department +the Yukon Research Centre this week announced an investment of $444.000 over two years, towards a research +testing programme, to develop more efficient +cost-effective ways to increase gold recoveries, in placer mining in the Territory. The partners said that " "if" the research were successful, the project "would" not only improve the profitability of existing placer mines, but "might" make previous uneconomic gravels profitable to mine" .... "Small-scale mining operations, including placer mines, are important contributors to the Yukon economy +"this innovative research has the "potential" to create more jobs +economic opportunities in the mining sector,”" Aglukkaq said. Yukon Member of Parliament Ryan Leef added that the placer mining industry brought jobs +economic development opportunities to small businesses in the territory. “Improved gold recoveries " "could" lead to "significant" growth in an industry, already worth more >$50.000.000/year, to the local economy,”" he said ... "This research project will produce a guide to gold recovery technology, as well as detail methods +equipment for upgrading common placer gold concentrates. This information will be circulated throughout the Yukon placer industry,” Schmidt said. ... - MW, TORONTO - Aug 9, 2013

- H. Lazenby -
www.miningweekly.com/article/canada-launches-research-to-boo…

[Popeye82]

Sila Sahin versagt beim Familien-Duell -00000000000000000 Punkte - TO/NHO - Aug 10, 2013
http://www.t-online.de/unterhaltung/tv/id_64906432/-familien…

[Popeye82]

Menschen auf dem Speiseplan; Frühmenschen wurden zu besonderen Anlässen zu Kannibalen - W - Aug 10, 2013
http://web.de/magazine/wissen/mensch/17726612-menschenfleisc…

[Popeye82]

Western Australia economy faces budget black hole - BS/AAP - Aug 9, 2013
www.businessspectator.com.au/news/2013/8/9/politics/wa-faces…

[Popeye82]

Duma Energy - Receives 650.000.000 Barrel "P50 Estimate", for Namibia Concession - Dec 4, 2012
www.duma.com/news/index.php?&content_id=195

[Popeye82]

Colombian Mines - Strikes $15.500.000 Agreement With "Strategic Investor", Teck Resources Limited, @Yarumalito - Mar 2, 2012
www.colombianmines.com/i/pdf/2012-03-02_NR.pdf



Colombian Mines Samples 49.8 Grams Gold, 526 Grams Silver, 17% Copper, @Newly Granted, 100% Owned Mercedes Contract, Colombia - Dec 10, 2012
www.colombianmines.com/i/pdf/2012-12-10_NR.pdf



Colombian Mines Follows With 2nd High Grade Hole Averaging 3.43 g/T Au, 17.93 g/T Ag, 3.6% Cu +0.4% Zn Over 15.4 Meters, @El Dovio - Jul 15, 2013
www.colombianmines.com/i/pdf/CMJ_NR_130715-Final.pdf

[Popeye82]

Brazil – Rio – Brazil to hold 1st auction of pre-salt oil +natural gas Oct. 22 - HC/ANP, RIO DE JANEIRO - Jun 13, 2013
www.helioschariot.com/2013/06/12/brazil-rio-brazil-to-hold-f…

"Brazil will hold its 1st auction of pre-salt oil +natural gas exploration acreage Oct. 22, a director of the country’s National Petroleum Agency, or ANP, said Tuesday.

Brazil, however, has not yet fixed the signing bonus oil companies will pay @the auction, ANP Director Helder Queiroz said. The signing bonus could be “a little more or a little less”, than the 10.000.000.000 Brazilian reais figure bandied about, by market analysts +press reports, Mr. Queiroz added.

The country wants the signing bonus low enough to keep competition @the auction high, but high enough to ensure that the biggest +most-qualified oil companies are involved, Mr. Queiroz said.

The 1st auction under Brazil’s new production-sharing regime will offer the Libra prospect, which ANP "estimates" holds recoverable reserves of between 8.000.000.000 +12.000.000.000 barrels of crude oil. The winning bidder will be the oil company or consortium of firms that offers the largest volume of oil back to the government .

The ANP expects to have the initial auction tender +production-sharing contract ready in the 2nd half of June, Mr. Queiroz said. "

[Popeye82]

After "Going All In During Mining Boom, BHP Cuts Its Ambitions" - NYT - Aug 10, 2013

- William McNamara -
http://dealbook.nytimes.com/2013/08/08/after-going-all-in-du…

"BHP Billiton, the world’s largest mining company, was willing to spend big in early 2012. It was building new mines and upgrading old ones, at a cost of $18 billion. It considered a potential expansion of its copper and uranium mine, Olympic Dam, which could have cost as much as $20 billion. It proposed a deepwater extension of Port Hedland, its iron ore port, an estimated $10 billion or more.

But BHP has significantly scaled back its ambitions in the last year, replacing its multibillion-dollar spending spree with an austere program of cost cuts and efficiency drives. It shelved the plans for Port Hedland and Olympic Dam, both in Australia, noting the need to find “a less capital-intensive design.” The mergers and acquisitions department is now referred to as the “D department” internally, to signify its focus on disposals, according to a person close to BHP who spoke on the condition of anonymity.

The U-turn from expansionary spending to aggressive pullback has swept the global mining industry with brutal speed and force. With fixed costs rising, commodities prices slumping and profit shrinking, the chief executives of four of the biggest multinationals — BHP, Rio Tinto, Anglo American and Barrick Gold — have all been replaced. And pinched companies are scrambling to sell off assets and raise money, with mixed results. On Thursday, Rio Tinto shelved plans to sells some aluminum assets, citing the tough environment.

In short, the commodities boom has ended.

BHP now sits atop a sector that is deeply out of favor with investors. Their central complaint is that the big companies, during a period of high metals prices and strong profit from 2009 to 2011, spent too much money building mines instead of returning money to shareholders. In the current environment, these expensive new mines look ill advised, perhaps dangerously so, given that the new capacity could drive down prices further.

“Investors are more than entitled to be concerned about the productivity of the capital they have invested in our business,” said Andrew Mackenzie, the new chief executive of BHP. “They are more than entitled to ask us to think long and hard about every piece of new investment we make, relative to whether we make cash returns to them.”

“If there is a new wind blowing through my part of the sector,” he said, “it is the emphasis now — given that we invested quite a lot during a period of slightly higher prices — on maximizing the returns from the investments we have already made.”

Mr. Mackenzie, a Scotsman who speaks five languages, is the new, somber voice of the industry. He speaks in the BHP style of academic understatement, referring to the boom as “a period of slightly higher prices.” For a decade, the company’s top ranks have been filled with doctorate-holding economists, management consultants and former academics who become animated when discussing long-term Chinese consumption trends or pricing structures for iron ore.

Given that atmosphere, BHP executives see the rise and fall of commodity prices as part of the typical economic cycle, stressing that the downward pressure should not prompt panic. A longtime industry executive who has experienced the previous ups and downs, Mr. Mackenzie says his job is not to change the company’s strategy but rather to mold it to today’s market realities.

BHP can afford to take the long view. Despite the industry volatility, the company has maintained stable profits, thanks to an unusually diverse variety of commodities. BHP produces oil and gas in addition to iron ore, copper, coal, nickel, aluminum, uranium, diamonds and manganese. In their zeal for economic data, executives constantly highlight a chart that they call “the spaghetti chart” or “the Jackson Pollock chart,” a mess of squiggly lines showing the volatile earnings for each commodity BHP produces, and a smooth line through the middle representing the company’s relatively stable profit.

The diversification has helped BHP weather the harsh downturn better than peers like Rio Tinto, Anglo American and Vale.

BHP never cut its dividend during the financial crisis. And the company’s $5.5 billion in write-downs over the last two years have proven manageable given its earnings. BHP, which will report its annual results later this month, is expected to make $12.5 billion in profits for the latest fiscal year that ended in June.

By comparison, Rio Tinto took a $14 billion write-down this year on two bad investments in Canadian aluminum and African coal. On Thursday, the miner reported a 18 percent drop in profit for the first half of the year, reflecting the weakness in the prices of metals.

Although BHP is holding up better than many rivals, its stock is still suffering. Shares of BHP, which have recovered modestly in recent weeks are still off more than 15 percent this year, closing on Thursday at $65.96.

“What investors are upset about is how these mining companies burned billions of dollars through write-downs,” said Rob Clifford, a mining analyst at Deutsche Bank. “It’s this idea of the companies having too much money and then squandering it.”

With their stocks down, Mr. Mackenzie and other mining chiefs are trying to be highly attuned to investors. In recent months, Mr. Mackenzie has talked to his universe of shareholders, from global institutions to pensioners. The common theme is increasing their cash returns.

When he started in his new role in May, he set the tone by taking a base salary 20 percent lower than that of his predecessor, Marius Kloppers. “I felt that was in keeping with the expectations of the marketplace right now,” he said. “I have a lot to do to move the company forward in terms of productivity and value for money.”

He spent his first day on the job visiting BHP’s complex of iron ore mines, railways and ports in the badlands of Western Australia. As he toured the vast industrial complex, he quizzed managers about how efficiently the haul trucks were moving ore, he said, because “trucks are a big part of our $36 billion cost base.”

New projects have also been frozen indefinitely. The company has announced $1.9 billion in cost savings since July 2012. Within two or three years, Mr. Mackenzie said, he wants capital expenditures to fall to $15 billion or less, compared with $18 billion today.

“His reign should be marked by nothing radical,” said Mr. Clifford of Deutsche Bank. “It should be marked by bludgeoning, boring, good old cost-cutting.”

But BHP and other big mining companies can’t rein in spending overnight. Capital expenditures in the mining business mushroomed from $20 billion in 2003 to $120 billion in 2012, according to Goldman Sachs. Much of the money is tied up in incomplete projects. So the spending can only roll off gradually, as mining projects approved in the heady days are finished in 2014 or 2015. Then there is always the possibility that some projects will take more money and more time. “BHP is in a pincer for the time being,” said Jeff Largey, a mining analyst at Macquarie. He estimated that BHP’s capital expenditures would drop to $17 billion during its fiscal year starting in July, roughly in line with its cash flows. “So there is not much left over for shareholders.”

“All that said, I think BHP will be the first to emerge,” he added. "

[Popeye82]

Mason Graphite - announces "robust" preliminary economic assessment results, featuring 22 years of production @27.4% Cgr +an IRR of 33.7% - Apr 22, 2013

"Financial Highlights":

+ "Initial" direct capital costs of $89.900.000

+ Production costs of $390/tonne of finished product

+ $364.000.000 pre-tax NPV(8% discount); $283.000.000 pre-tax NPV(10% discount)

+ 33.7% pre-tax Internal Rate of Return

+ Payback period of 2.5 years

+ 22-year mine life

+ Average sales price of $1.525/tonne


"Operational Highlights":

+ Annual production of 50.000 tonnes of graphite concentrate

+ 27.4% average LOM graphite content in the mineralization

+ Graphite recovery >96%

+ Up to 96.4% Cgr of finished product purity

+ Stripping ratio of 0.76:1 ...
www.masongraphite.com/files/doc_news/2013/130422_Mason%20Gra…

[Popeye82]

Mining export of Turkey increases 40% in 3 months - Fe-NiM/PT - Apr 11, 2013
www.fenimining.com/en/news/news-mining-export-of-turkey-incr…

"The greatest customer is China; and Africa market grew 566%. Mining sector increased its export by 40.23% compared to the same period of the year before, during the first quarter of 2013 in Turkey. The export of the sector reached 1 billion 170 million dollars during January-March, 2013.

According to the statement made from Istanbul Mining Exporters’ Association (IMIB), the leadership of China continued during the first quarter, as well. The countries that the highest rate of export was realized are China, the USA, Belgium, Iraq and Italy. The export of miners in Turkey to China increased 101.5% compared to the first 3 months of 2012; and became 604 million 633 thousand dollars.


566% export increase to Western Africa

On the basis of sub-sectors, mining sector exported to more than 160 countries. The countries that displayed the highest increase are Bulgaria, Thailand, Libya and South Korea.

Amongst the regions that the export is being held, Western Africa is outstanding in that the export to Western Africa increased 566% compared to the same period of 2012. Nigeria, Senegal, Guinea, and Ghana are the outstanding countries in the export to Western Africa.


418 million dollars of natural stone export

In natural stone export, there was also an increase rate of 23% in Turkey during the first quarter of the year compared to the same quarter of the year before. The first 3 months’ of export of the sector reached 418.1 million dollars.

Block marble and travertine export of Turkey increased 36%; and processed marble and travertine export increased 14%. The countries that the natural stone sector in Turkey exported the most in the first quarter of 2013 are respectively China, the USA, Iraq, Saudi Arabia and France. In this period, the highest increase in natural stone export was in Libya, Kazakhstan and Turkmenistan.


Copper ores export of Turkey increased 77%

One of the most important sub-sectors of mining sector, copper ores export increased to 185.5 million dollars in January-March, 2013. This means 77% increase in export compared to the year before.

IMIB President, Mehmet Ozer stated regarding the first quarter export performance of mining sector that Turkish mining sector increases its level to a higher point every day. The sector that aims at least 10% increase in export in 2013 is expected to grow more than the targets along with the studies of the Association, as well as the help of new alternative markets. "

[Popeye82]

Antwort auf Beitrag Nr.: 45.226.791 von Popeye82 am 11.08.13 20:12:49

Mining Turkey - Mar 1, 2013

- "Top Stories"

- A Complete Overview of Turkey’s Copper

- Turkey: The "Rising Star in Global Mining", Interview with M. İlker Aycı, President of ISPAT

- In the Shadow of Die-Hard Legal Concepts


Contents

- From the Editors

- Turkish Mining Sector News

- Sandvik Mining Turkey - Evaluation of ´12 +Expectations from ´13

- Invictus Gold Ltd. -Tamer Gezbul

- Ortadogu Drilling Ltd.

- a complete Overview of Turkey´s Copper Production +Advanced Stage Projects, Mining Turkey Magazin

- Park Elektrik`s Siirt Madenköy Copper Field, Ciner Group

- Turkey: The rising Star in Global Mining, M. Ilker Ayci

- Turkey takes a leading role in natural Stone Reserves, Mehmet Capik

- Minor, Critical +Strategic: Antimony, Sait Uysal

- Historical Mining &Processing Centers in the Van

- Province of Eastern Anatolia: Rediscovered, Yusuf Ates

- The power of Plants -for Gold Prospecting , Colin E. Dunn

- Strategic Planning &Vision -The Key to Sunstainability, in Mining, Alan E. Clegg

- in the Shadow of "Die-Hard Legal Concepts " , Cemal Dursun

- The Procurement Trio: Improvement of Procurement by Strategic Sourcing, Supplier Relationship Management &P2P(procurement-to-pay) Process Design, Alper Günaydin

- Need for a new Amendment?, Sebnem Onder, Ayse Eda Bicer

- Business Intelligence in Mining, Sean Desseureeault, M. Mustafa Kahraman ...-
www.madencilik-turkiye.com/engdergi/sayi4/MiningTurkey_sayi4…

[Popeye82]

"Revenue-boosting gold projects in the money, in the nick of time"; Two revenue-boosting gold projects are in the money for AngloGold Ashanti, in the nick of time. Just when the gold-mining industry is seeing capital-expenditure blowouts, South Africa’s biggest gold producer will be cheering in 600.000 Oz of gold costing <$700/Oz from brand new projects. @the same time, savings of $482.000.000 are also " "expected" to be achieved", which " "should" reposition the company well", as it enters ´14. Current "all-in sustaining costs" of $1.200/Oz for the year are "expected" to be reduced, by another $200/Oz, from the exploration- +corporate-cost savings +the direct cost savings. In "that way the company will keep ahead of the gold price", by taking the company down to an "all-in sustaining cost level" -of $1.000/Oz - MW, JOHANNESBURG - Aug 8, 2013

- M. Creamer -
www.miningweekly.com/article/revenue-boosting-gold-projects-…

[Popeye82]

Mediterranean Resources - Announces Acquisition Of Past-producing Antimony Areas In Spain; This "action is the 1st of a "planned aggregation" of producing +past-producing Antimony assets around the Mediterranean Basin". Extremadura "has the most extensive history of Antimony mining of any part of Spain +hosted, until ´84, the largest producing Antimony mine in Europe" - Jun 4, 2013
www.medresources.ca/news/2013/june04/

[Popeye82]

Quickstep Holdings - "in fast lane to the market, with revolutionary new product"; P. Odouard: "In the "emerging emission-legislated world", every leading car manufacturer is "aiming to develop cars that are lighter, more
affordable +consume less fuel". This can be achieved using Quickstep’s Resin Spray Transfer technology. We are "delighted to have demonstrated RST’s "technical" success, by repeatedly manufacturing carbon fibre composite panels, with our "pioneering" automatic plant in Sydney". It delivers car parts with a Class-A surface finish, without the need for the re-work, that is commonly required with the manufacture of carbon fibre automotive panels. We " "plan" to manufacture exterior parts ourselves +also to licence our technology, "enabling auto makers to produce carbon fibre car panels, with the strength of steel +1/2 the weight" ". We have delivered carbon fibre test panels to several carmakers "to demonstrate the RST technology’s value". The price competitiveness of RST, compared to other technologies, is "attracting attention, +has led to requests for quotes". We "expect" to manufacture parts in small quantities, within the next few months +to increase to larger quantities, shortly thereafter" - Aug 12, 2013

+ Launched today by Minister for Innovation, Senator the Hon Kim Carr, @Quickstep’s Bankstown Airport facility

+ Quickstep’s "resin spray transfer(RST) high-volume, low-cost panel production" "to revolutionise the global car industry"

+ Demonstration carbon fibre automobile panels shipped, to "leading European car makers", has led to requests for quotes

+ "Technical success" of Quickstep’s "RST technology" confirmed

+ European/US fuel savings +carbon emissions regulation are "driving industry change" ...
http://clients2.weblink.com.au/clients/quickstep/article.asp…

[Popeye82]

Banks to get wider loan investor pool - CER/R - Aug 12, 2013
www.chinaeconomicreview.com/node/64381

"Chinese banks could in the near future be able to sell loans to a new range of investors, including non-bank financial institutions and large companies, Reuters reported, citing unnamed sources.

The banking regulator will introduce a "credit transfer system" in the country's interbank market. Banks can currently sell non-performing loans in private deals, mostly with big state-backed asset management firms, or roll them indefinitely to avoid booking a loss. By drawing in private capital, this move could help the government reduce its costs in a potential bailout of banks. "

[Popeye82]

1st Chinese freighter embarks -on Arctic route - CER/AFP - Aug 12, 2013
www.chinaeconomicreview.com/node/64379

"A cargo vessel operated by state-owned shipper Cosco(1919.HKG, 601919.SHA) is undertaking a groundbreaking voyage to Europe, via the Northeast Passage , Agence France-Press reported, citing state media.

This is the 1st journey of its kind, by a Chinese ship. The Arctic route has become navigable due to global warming melting sea ice +"could revolutionize the shipping trade, by slashing the journey time by 12 to 15 days". The reduction in time could save shipping companies +Chinese exporters millions in lower fuel bills +reduced operating costs. The new route is an alternative to the Suez Canal. "

[Popeye82]

Constantine Metal Resources - Intersects "up to" 21.7 Meters of 2.4% Copper +9.1% Zinc in Step-out Drilling, @the Palmer VMS Project - Aug 12, 2013
www.constantinemetals.com/_resources/nr/nr_2013_08_12.pdf

[Popeye82]

KiOR "mulls “Columbus II” facility, "to accelerate path to profits" ", as ´13 production forecast is cut - BD - Aug 12, 2013

- J. Lane -
www.biofuelsdigest.com/bdigest/2013/08/12/kior-mulls-columbu…

[Popeye82]

Chesser Resources - 52% increase in Mineral Resource -to 703.000 Ounces @~2.22g/t Au +~2.0g/t Ag I/I; Update to Scoping Study "confirms "robust" project" - Aug 12, 2013

JORC Mineral Resource Update

+ 52% increase in Total Mineral Resource -to 703.000 ounces of gold(Au), comprising 10.200.000 Tonnes @2.15g/t gold +1.9 g/t silver(Ag).

+ Maiden Indicated Mineral Resource -of 1.600.000 Tonnes @3.53g/t gold +2.6 g/t silver, totalling 183.000 ounces of gold.

+ 65% of Total Mineral Resource lies within 50metres of the surface, @a grade of 2.54 g/t gold.


Scoping Study Update

+ Annual throughput of 844.000 t/a, producing 63.000 ounces of gold/annum, over an 8 year mine life.

+ Total construction capital of US$88.000.000, including 30% contingency.

+ Average Life of Mine(LOM) C1 cash cost of US$415/ounce.

+ Average LOM "all in sustaining costs" of US$546/ounce.

+ Prefeasibility study commenced. ...
www.chesserresources.com.au/files/ASX%20Announcements/CHZ_13…

[Popeye82]

Newcrest reports record loss; after an $AU6.230.000.000 write-down, its 1st annual loss in 11 years, as well as the biggest annual loss in its history - MA - Aug 13 2013

- D. Kosich -
www.miningaustralia.com.au/news/newcrest-reports-record-loss…

[Popeye82]

Australian-developed technology reduces coal-stockpiling hazards - MW - Aug 9, 2013

- Chantelle Kotze -
www.miningweekly.com/article/australian-developed-technology…

"To tackle specific challenges mining com- panies face, surface and underground equipment simulator supplier to the global mining industry Immersive Technologies, released SimControl 4.6 in May, which is the latest version of software used to control the company’s advanced equipment simulators.

SimControl 4.6 specifically addresses operator safety in coal-stockpiling operations. This technology is embedded in the upgrade of Immersive Technologies’ range of advanced equipment simulators, the PRO3.

“In recent years, the demand for dozer oper- ators working on coal stockpiles has grown significantly, increasing the need for specialised training in what is considered one of the most hazardous environments for dozer oper- ators,” says Immersive Technologies promo-tions department manager Ashley Mullaney.

She points out that coal-stockpiling operations pose a high risk to operator safety and can lead to injuries or death if incorrect procedures are followed; incidents can also halt operations and significantly impact repair and maintenance costs.

The simulation-training-based SimControl 4.6 technology focuses on reducing the operational risk of dozer stockpile operations by creating enhanced operator awareness of surroundings, by training operators to reduce the risk of falling into a void and by assessing the competency of dozer operators to comply with and follow safe operating procedures.

SimControl 4.6 introduces new training tasks and events that pertain directly to dozer coal-stockpile operations and enables the proper training and correction of bad habits and behaviours that lead to unsafe operations at the stockpiling sites.

Bad operating habits, such as operating too close to objects around stockpiles, incorrectly approaching and working around and near coal valves or feeders, as well as operating on unstable ground, are corrected.

“Other training tasks included in SimControl 4.6 are cleaning the hanging wall, pushing out and reclaiming stockpile bench and emergency preparedness training,” notes Mullaney.

The company is continually developing new technologies that provides its customers with the highest return on their investment and the most benefits possible from their simulation-based training, says Immersive Technologies CEO Peter Salfinger.

He adds that future releases of SimControl will incorporate these advantages while addressing further chal-lenges that clients might face.

Meanwhile, Mullaney says that Immersive Technologies’ clients can receive the best value from their investment through the continual instalment of software enhancements, such as the SimControl 4.6, for the PRO3 advanced equipment simulator.

Diversified miner Rio Tinto’s Hail Creek mine, about 120 km south-west of Mackay, in central Queensland, and multinational mining major Glencore Xstrata were instrumental in the development of the SimControl 4.6 technology. Both companies are major producers of coal and worked with Immersive Technologies to ensure that the simulator technology is effective and accurate for on-site coal-stockpiling operations.

Glencore Xstrata has recognised the value of not exposing operators to a potentially dangerous training environment, where there is little chance for trainer interaction and of following a realistic hands-on approach, where operator errors can occur without foregoing safety.

Glencore Xstrata’s site, like many others miners’ sites, has only one stockpile, which means that any type of training halts production. In this instance, simulator technology has proved to be advantageous in keeping operations running at full capacity, while operators are trained to work more safely and productively.

Australia-based labour hire, mining ser- vices, professional placement and international recruitment company Bluestone Global uses Immersive Technologies’ advanced equipment simulators for training and was also a major contributor to the development of SimControl 4.6.

“The dozer stockpile program will easily justify itself, as it can advance operators into a high proficiency level through a method that does not interfere with production. Stringent conditions and protocols complicate other training methods, owing to the inability of the trainer to be close, while the operator is under instruction, in relation to entering and operating on a coal stockpile,” says Bluestone Global safety and environment executive group manager Darren Culley.

Glencore Xstrata identified results while conducting emergency preparedness training of staff at different competency levels of stockpile dozing.

Understanding the proper process and correct sequence in the case of an emergency is essential, as incorrect responses put personal safety and the assets of the business at high risk, says Culley.

In addition to new employee training, the simulator technology can be used to identify experienced operators who need refresher training or proficiency training. For those mining operations that need to hit the ground running with this new technology, Immersive Technologies also provides a training service to facilitate the rapid implementation of Sim-Control 4.6 into existing training programs.

This service includes on-site support from an Immersive Technologies training consultant to quickly integrate the new features into the existing curriculum.

“SimControl 4.6 is an effective tool for mine management to proactively assess the company’s risk and realise the value of properly trained operators through the reduction of dozer incidents on coal stockpiles, improve- ment in productivity measures and increased machine availability, owing to increased operator knowledge,” says Salfinger.

“Solving challenges in the mining industry gives us great pride. The result of this development and many others completed by Immersive Technologies ensures safer and more productive equipment operators in mines worldwide,” he concludes. "

[Popeye82]

Wenzhou loosens property controls - CER/R - Aug 13, 2013
www.chinaeconomicreview.com/node/64386

"The eastern city of Wenzhou has become the first in China to soften restrictions on property controls, Reuters reported, citing an unnamed local official.

Under the new rule, first-home buyers in Wenzhou can now buy two houses, reversing a rule introduced in 2011 as part of a nationwide campaign to reel in China’s rising real estate prices. Wenzhou’s policy shift comes as investors increasingly bet that China may loosen its near four-year-old property controls to shore up its slowing economy. Analysts, however, do not expect other Chinese cities to follow suit. "

[Popeye82]

Chinese buyers buoy gold prices - CER/WSJ - Aug 13, 2013
www.chinaeconomicreview.com/node/64391

"Gold prices jumped 4% last week on rising demand from China, hitting a three-week high of US$1,334.70 an ounce on Monday, the The Wall Street Journal reported.

Demand in China, where consumers account for roughly 25% of global gold buying, hit a record 385.5 metric tons in the second quarter, according to data released on Monday by the state-backed China Gold Association. Before the past week's bounce, gold prices were down 23% year to date. Chinese purchases have helped keep gold prices stable since a sharp selloff in April, analysts said. "

[Popeye82]

Colossus Minerals - Completes C$37.950.000 Million Bought Deal Financing; net proceeds of the Offering are "intended" to be used to fund development expenditures @the Serra Pelada gold-PGM project, including the completion of the process plant, to fund operating losses up to +including production ramp-up, +for working capital +for general corporate purposes - Aug 13, 2013
www.colossusminerals.com/media/Press-Releases/Press-Release-…

[Popeye82]

Klondex Mines - "achieves two "significant milestones" ", @Nevada operation - Aug 13, 2013
www.klondexmines.com/s/news.asp?ReportID=597516#sthash.AWWvb…

[Popeye82]

Swedish scientists "create 'impossible' material" , +they "did it by accident" - MA - Aug 7, 2013

- Malavika Santhebennur -
www.miningaustralia.com.au/news/swedish-scientists-create-im…

[Popeye82]

Oil +Gas Markets "Await $30.000.000.000 "Statoil Breakthrough" " - Aug 14, 2013
www.marketwire.com/press-release/oil-and-gas-markets-await-3…

"LONDON, ENGLAND--(Marketwired - Aug. 14, 2013) - Hydraulic fracturing has revolutionised the extractive industry in recent years. The technological marvel has revitalised the US's lacklustre energy prospects and come to offer a greater promise of economic prosperity to regions across the globe. It is for these reasons and many more like it that companies such as Norway's Statoil have invested heavily in fracking exploration of late.

Statoil's recent efforts to tap huge gas reserves worth an estimated $30bn began last week 125 miles off Norway's coast with the launch of a huge underwater compressor, which, if successful, should allow gas to be retrieved at half the energy cost it would otherwise have required.

"Fossil fuels will play a major and necessary part of the energy mix for a long period of time. Our goal is to extract these resources in the most energy - and carbon efficient - way possible," claimed Statoil's Elin Isaksen.

Isaksen also told World Finance that the potential of this new technology could have huge ramifications for the oil and gas markets. "New energy reserves are discovered in the planet's most inaccessible regions. In some of these areas platforms will be either impossible or too expensive to build. Subsea factory could be the solution in these areas. Statoil's goal is to have the technology available to build a subsea factory by 2020.

Statoil's efforts to extract fossil fuels offer an insight into the ever-evolving oil and gas industry at present, and the ways in which it's attempting to boost efficiency on both environmental and financial grounds.

World Finance's 2013 Oil & Gas awards pledge to celebrate similar instances of innovation and excellence in the oil and gas market. To have your say on the past year's best oil and gas companies and projects head over to www.worldfinance.com/awards and cast your vote now.

World News Media is a leading publisher of quality financial and business magazines, enjoying a global distribution network that includes subscriber lists of the most prominent and senior decision-makers around the world, as well as comprehensive airport, hotel and conference site distribution. "

[Popeye82]

Premier Royalty - Announces Arrangement Agreement With Sandstorm Gold - Aug 14, 2013
www.premierroyalty.com/premier-royalty-announces-arrangement…

[Popeye82]

Eagle Star Minerals - Receives Additional High-Grade Drill Results, Including 18 Meters of 15% P2O5 From Surface, @Target A1("Amaury"), Bomfim Project - Aug 14, 2013
www.marketwire.com/press-release/eagle-star-receives-additio…

[Popeye82]

Macusani Yellowcake - Announces Updated Resource Estimate, for Uranium Deposits in Peru -to 61.555.000 Ibs @~"636 Ibs/ton"/~0.029% U308 M/I/I - Aug 14, 2013
www.macyel.com/investors/pr14aug2013.php

[Popeye82]

Core Exploration - Undrilled kilometre scale copper target grading 1% -5% Cu @surface Virginia Copper Prospect, NT; hass "pursued to take an early position in an area "it believes" will be Australia’s "new copper IOCG exploration hot-spot" " - Aug 12, 2013

"HL:"

+ Rock-chip sampling assays "up to" 34.0% copper @surface

+ Stratiform copper horizon, over 1km length

+ Strong copper in soil anomaly along strike in both directions

+ No previous geophysics or drilling ...
http://coreexploration.com.au/user_files/reports/20130812_CX…

[Popeye82]

Picking up the nuclear energy bill divides the EU; European Union rules to be published over the coming weeks "could make it easier to justify using taxpayers' money to fund new nuclear power", which "would pitch major EU powers against each other" - US.net/R - Aug 14, 2013

- B. Lewis +K. Schaps -

http://uk.reuters.com/article/2013/08/14/uk-eu-nuclear-idUKB…
www.uranium-stocks.net/home/picking-up-the-nuclear-energy-bi…

"The European Commission, the EU executive, says its mind is still open on the topic, but it is under pressure to set a legal framework for state aid to nuclear projects after several member states, including Britain, sought its guidance.

Whatever it lays down, as part of a wider modernisation of state aid rules, is likely to widen a rift between anti-nuclear nations, such as Germany and Austria, and those willing to support the technology, including Britain and the Czech Republic.

A Commission spokesman said the executive is not planning to encourage nuclear state aid, but lawyers said a leaked draft of its proposal last month indicated it was leaning towards allowing nuclear financing.

"Each notification by a member state would of course still be subject to a case-by-case analysis by the European Commission," said a spokesman for the Commission's competition directorate, which leads on state aid rules.

Lawyers say the Commission does have the ultimate say on state aid but that the process of issuing guidelines and carrying out a consultation could legitimise nuclear state aid for new builds, rather than just for short-term emergency funding as has happened in the past.

The guidelines on environmental and energy aid for 2014-2020 are expected to be published around the end of September, after elections in Germany scheduled for September 22.

Following consultation with member states, they would need to be approved by the EU Commissioners meeting as a body, which is not expected until next year.

"There is still a long way to go before the European Commission recognises nuclear alongside renewables as one of the essential energy solutions to climate change," said a spokesman for the World Nuclear Association, a global network representing the nuclear industry.

SUPPORTERS AND OPPONENTS

Opponents of nuclear power, including environmental groups, say government funding for atomic power would be a breach of EU legal principles and would mark a major shift in policy.

Under EU law, state aid is designed to address problems that the market cannot solve and must not cause unfair competition. It is in principle reserved for technology in its infancy, such as renewable energy. Nuclear generation began more than half a century ago.

Critics say giving state aid to nuclear projects, and specifically to the handful of firms that are building atomic plants in Europe such as France's EDF (EDF.PA) or Japan's Hitachi (6501.T) creates a market distortion and puts other energy sources at a disadvantage.

"It is pure hypocrisy," said Claude Turmes, member of the European Parliament representing the Greens.

Other forms of subsidy have attracted fierce criticism, such as funding for renewable power in Germany, where the public cost of its shift from nuclear to wind and solar generation after the Fukushima crisis in Japan has provoked heated debate.

Countries keen to attract nuclear investment have found that developers are unwilling to build nuclear plants without state guarantees on prices for the power generated.

New plants in Finland and France are billions of euros over budget and years behind schedule, and regulatory changes since the Fukushima accident have further inflated costs.

"Building new nuclear power infrastructure is getting increasingly expensive, especially in the aftermath of the Fukushima disaster, and in many cases is now not competitive with other types of energy," Stephanie Pfeifer, chief executive of the Institutional Investors Group on Climate Change, said.

The group represents pensions, insurers and other funds responsible for 7.5 trillion euros (6.31 trillion pounds) in assets, including renewable and fossil fuel energy.

"Without some form of government support or subsidy, the economic case for investing in nuclear is unlikely to improve," she added.

Britain, which is counting on nuclear power to help meet its 2020 target to cut carbon emissions, has proposed a power market reform package that includes guaranteeing a minimum price for nuclear power.

It requires state aid approval from the Commission to legalise the policy, but the executive said it had not yet received a formal application.

British Secretary of State for Energy and Climate Change Ed Davey told Reuters during a visit to Brussels in June he was confident Britain's plans for financing new nuclear would "easily get state aid clearance".

He added, "There are some countries with a very large nuclear industry. If they close, we don't have a cat in hell's chance of tackling climate change. I would love to think we can replace that with renewables alone, but frankly we won't be able to."

The Czech Republic is considering a similar mechanism of state-backed power price guarantees. "

[Popeye82]

Mining Group - Option to Acquire El Roble Copper Project Chile - Aug 15, 2013

+ Mining Group to acquire up to 90% of El Roble copper project, Chile

+ Due diligence rock chip sampling returns "up to" 28.83% copper

+ Mineralising system over 6 kilometre of strike +history of high grade copper production with no modern exploration ever conducted

+ High grade copper mineralisation occurs within a strike extensive vein system that has had historical production of ~1.000.000 tonnes of ore grading >9% copper ...
www.mininggroup.net.au/images/announcements/001_ASX_Announce…

[Popeye82]

Aspire Mining - Non Binding MOUs signed for Aspires Ovoot Coking Coal - Jul 10, 2013

+ "Non-Binding Memorandum of Understanding" signed, for "significant portion" of production from Stage1 of the Ovoot Coking Coal Project; Four MOU’s total a "possible commitment" by Chinese customers, to purchase "up to" 5.600.000 tonnes/annum of coking coal. The MOU’s represent nearly all of the "planned" total saleable production, from the Ovoot Project’s Stage1 development.

+ Aspire has also met with many other large scale "potential" Chinese customers, as well as steel mills +coke producers in Japan, Russia +Eastern Europe, which have "indicated additional significant buying interest". Marketing efforts are still at a preliminary stage, with only 1/2 of the Chinese target market approached to date.

+ North Asian Steel Mills see "added value of using a premium blending coking coal". ...
www.aspiremininglimited.com/userfiles/file/394_20130710%20nb…



Ovoot Project Development +Funding Plan - Aug 13, 2013

+ The Ovoot Project Development +Funding Plan(“ODP”) "outlines a strategy for a " "potentially" fully funded low capital spend development" of the Ovoot Coking Coal Project", for an in itial 5.000.000 t/a of saleable coking coal.

+ Extensive minesite capital reductions to US$144.000.000 - from the original US$459.000.000 for the original 6.000.000 t/a Stage1 plan, based on "internal Company calculations".

+ This development strategy relies on the rail line, being extended to Ovoot in one phase1

+ "Non-binding letters of intent" to negotiate funding washplants +other site capital from Deutsche Bank +BHF Bank, for US$40.000.000 +US$50.000.000 respectively, for Export Credit Agency supported loans. Other " "potential" sources of funding have been identified".

+ Rail funding risk "lowered with the identification of this ODP +"feasible funding options" ".

+ Initial production of 5.000.000 t/a, with later production increases internally funded from cashflow.

+ Operating costs excluding royalties for the 1st three years of operation are "expected to be" between US$83/t to US$93/t FOR(Fixed on Rail) China border, depending on "rail tariffs to be negotiated" +US$72/t FOR Russian border, based on "internal Company calculations".

+ Commencement of 5.000.000 t/a operation to coincide with commissioning of railway, from Erdenet to the Ovoot Project in ´17. ...
www.aspiremininglimited.com/userfiles/file/399_20130813%20as…

[Popeye82]

SilverCrest Mines - Reports Q2, ´13 Financial Results: Cash Flow from Operations of $5.580.000($0.05/share), Net Earnings $2.870.000($0.03/share) - Aug 15, 2013
www.silvercrestmines.com/news/index.php?&content_id=160

[Popeye82]

Consumer demand for gold up 53% in Q2 ´13 "led by strong growth in China +India" - WGC, NY - Aug 15, 2013

"The latest World Gold Council Gold Demand Trends report, which covers the period Apr-Jun ´13, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year.

Globally, jewellery demand was up 37% in Q2 ´13 to 576 tonnes(t), from 421t in the same quarter last year, reaching its highest level since Q3 ´08. In China, demand was up 54%, compared to a year ago; while in India demand increased by 51%. There were also significant increases in demand for gold jewellery in other parts of the world: the Middle East region was up by 33%, +in Turkey demand grew by 38%.

Bar and coin investment grew by 78% globally , compared to the same quarter last year, topping 500t in a quarter for the 1st time. In China, demand for gold bars +coins surged 157% compared with the same quarter last year, while in India it jumped 116%, to a record 122t. Taking jewellery demand +bar and coin investment together, global consumer demand totalled 1.083t in the quarter, 53% higher than a year ago .

For the tenth consecutive quarter, central banks were net buyers of gold, purchasing 71t, which reinforces the trend that began in Q1 ´11.

Demand in the technology sector was stable once again, totalling 104t, a rise of 1% on last year.

Meanwhile gold held in gold-backed ETFs, which in ´12 accounted for just 6% of the world’s gold demand, fell by just over 400t, driven by hedge funds +other speculative investors continuing to exit their positions. This was predominantly in the US .

Overall, demand for gold in Q2 ´13 was 856t, down 12% on a year ago.

On the supply side, recycling fell 21% in the quarter while mine production was 4% higher than a year ago, @732t. In total, supply was 6% lower than a year ago.


Marcus Grubb, Managing Director, Investment @the World Gold Council commented:
“The 2nd quarter continued the trend that we saw in the 1st, of a rebalancing in the market, as gold coming onto the market from ETF sales met with a wave of demand for bars +coins, as well as jewellery. This surge in bar +coin investment was a common theme in key markets around the world, +has been particularly prominent in the world’s biggest gold markets, India +China. This shift from West to East has been further reinforced by recent data from the LBMA showing that in June the volume of gold transferred between accounts held by bullion clearers hit a 2nd consecutive 12-year high, buoyed by strong Asian physical demand.

“This quarter again demonstrates the "unique diversity of global gold demand ", as the self-balancing nature of the market apparent in the previous quarter was even more clearly in evidence. Across the decades, different sectors in the gold market have risen in prominence @different points in the global economic cycle +the current shifts are just part of the normal ebb +flow of what is an extremely liquid market.”

The average gold price for the quarter was US$1.415/oz, down 12% on the same period last year. In value terms, gold demand in Q2 ´13 was US$39.000.000.000, down 23% compared to Q2 ´12.


The key findings of the report are as follows:

+ Consumer demand in China continued to show strong growth, totalling 276t in the 2nd quarter, a rise of 87% compared to the same quarter last year, as investors used the lower gold price to buy in advance of expected future price rises. Jewellery demand in the quarter was 153t, up 54% on the same quarter last year, while bar +coin investment was 123t, up 157% on Q2 ´12.

+ Consumers in India also showed continued strong appetite for gold, with recent government measures to curb demand having had little impact on the quarter’s figures. Consumer demand was 310t, up 71% on last year. Bar +coin investment rose 116%, while jewellery demand rose by 51%.

+ Bar +coin investment globally totalled 508t, a record figure, +a rise of 78% on the same quarter last year.

+ Central banks remained committed to gold. Although demand of 71t in Q2 ´13 was below the record quarterly figure of 165t purchased the previous year, central banks have now been purchasers of gold for ten consecutive quarters.

+ There was a net outflow of 402t from ETFs in the quarter. This was more than counterbalanced by inflows into other forms of investment, such as the record 508t in bars +coins.


Gold demand *supply statistics; for Q2 ´13

* 2nd quarter gold demand of 856t(US$39.000.000.000) was down 12%, compared with Q2 ´12

+ Demand for jewellery was 576t(US$26.200.000.000) in the quarter, up 37% on last year. This was the highest figure since Q3 ´08, +the highest 2nd quarter figure since Q2 ´07.

+ The net outflow from ETFs was 402t(-US$18.300.000.000). However that was more than compensated by bar +coin investment, which saw inflows of 508t (US$23.100.000.000). Total investment demand, including OTC investment, totalled 257t(US$11.700.000.000).

+ Net central bank purchases totalled 71t(US$3.200.000.000), 57% down on what was a record-breaking quarter a year ago. Central banks have now been net purchasers of gold for ten consecutive quarters.

+ Demand in the technology sector was stable once again, totalling 104t, a rise of 1% on last year.

+ Mine production in the quarter was 4% higher than a year ago, @732t. Recycling fell 21%, leading to a total supply that was 6% lower than a year ago. ...
www.gold.org/investment/research/regular_reports/gold_demand…
www.gold.org/video/play/gold_demand_trends_q2_2013/

[Popeye82]

China Gold International Resources - Reports Strong ´13 2nd Quarter +1st Half Results, +Reconfirms ´13 Annual Outlook - Aug 15, 2013
www.chinagoldintl.com/_resources/news/20130814.pdf

[Popeye82]

Synodon - Adds Access Midstream Partners, L.P., the "US industry's largest gathering +processing master limited partnership, as measured by throughput volume", as realSens™ Customer - Aug 14, 2013
www.marketwire.com/press-release/synodon-adds-us-gas-produce…



Synodon Expands Southern US Customer Base, with the "largest aerial pipeline surveillance company in Texas +Oklahoma" - Aug 15,, 2013
www.marketwire.com/press-release/synodon-expands-southern-us…

[Popeye82]

Odyssey Marine Exploration - Recovers 1.800.000 Ounces of Silver, From Shipwreck Three Miles Deep ; Latest Recovery From SS Gairsoppa "Sets World Record for Deepest, Largest Precious Metal Recovery" - Jul 22, 2013
http://shipwreck.net/pr269.php
www.hightail.com/dl?phi_action=app/orchestrateDownload&rurl=…

[Popeye82]

Maritime Resources - Releases 1st NI 43-101 Resource Estimate for Green Bay Gold Property, Newfoundland: 1.090.230 Ounces @~7.85g/t Au M/I/I; E. Norton: "We are "extremely" pleased to have completed this maiden Mineral Resource Estimate. The resource model is robust +incorporates all historic as well as new drilling results. The "uniquely appealing aspects" of this project are the high grades of the veins, the accessibility of the deposit from surface, including access to the existing underground ramp system, +excellent local infrastructure including roads, power +fresh water to the site. It is "particularly satisfying" to see that the overall grade of the Hammerdown deposit is relatively insensitive to the selection of the cut-off grade. Our exploration activity completed in ´12 demonstrated that the deposit remains open along strike, +the Company is "confident" that there is "potential" for this estimate to increase with further work. The 3D modelling that has now been completed will help guide future drill programs, by highlighting strategic drill targets that can "hopefully" add new ounces, or upgrade resource categories" - May 28, 2013
www.maritimeresourcescorp.com/i/pdf/news/2013-05-28_NR.pdf
www.maritimeresourcescorp.com/i/pdf/ppt/MAE_June_18_2013_cor…

[Popeye82]

Canadian Oil Recovery +Remediation Enterprises - &EcoTecnos Meet With Kuwait Oil Company, "subsidiary of the Kuwait Petroleum Corporation, a Government-owned holding company +the world's 4th-largest oil exporter", to Review Pilot Project of Geo-Sensing Satellite Detection Service, Receives Further Mandate - Apr 26, 2013
http://finance.yahoo.com/news/corre-ecotecnos-meet-kuwait-oi…

[Popeye82]

Nine indicted in 'one of the largest international penny stock frauds in history' - CP/FBI, NEW YORK - Aug 13, 2013
www.fbi.gov/newyork/press-releases/2013/nine-individuals-ind…

[Popeye82]

Silver Wheaton Q2 profit halves, despite record output - MW, TORONTO - Aug 15, 2013
www.miningweekly.com/article/silver-wheaton-q2-profit-halves…

[Popeye82]

Minco Plc - Acquires VMS type zinc-copper-lead-silver-gold deposit Bobbys Pond Base Metals Property in Newfoundland, from Mountain Lake Minerals, with NI43-101 compliant Resources of 2.272.000 tonnes @~4.61% Zn, ~0.91% Cu, ~0.36% Pb, 13.8g/t Ag +~0.13g/ Au I/I; Minco’s Daniels Pond deposit, located about 9 Km from Bobbys Pond, hosts a NI-43-101 - compliant Indicated Resource of 1.160.000 tonnes grading 4.44% zinc, 2.12% lead, 0.31% copper, 87.79 g/t silver +0.60 g/t gold, as well as an additional Inferred resource totaling 450.000 tonnes grading 3.88% Zn, 1.74% Pb, 0.27% Cu, 81.63 g/t Ag +0.52 g/t Au - Jul 31, 2013
www.minco.ie/newsReleases/2013/MIO%20%28Bobbys%20Pond%29%202…

[Popeye82]

Cape Lambert Resourcews - Gabonese iron ore assets –Cape Lambert 20% free carried interest - Apr 30, 2013

"HLs"

+ Leveraged through a 20% free carried interest in an approximate 1.560km2 land position, in an "emerging iron ore region" in the Republic of Gabon, central West Africa.

+ Land position comprises two recently granted exploration licences; drill ready Baniaka, +Mafoungui, which are both proximal to rail transport solutions via the Trans-Gabon railway +nearby hydropower.

+ Remaining 80% interest held by private company, Genmin Group, a private company founded by former DMC Mining, African Iron +Territory Resources director, Joe Ariti, former DMC Mining director Kim Bischoff +former African Iron CFO +Company Secretary, Shane Volk, which is also the operator +manager of the Projects.

+ Baniaka is the most advanced project, with a defined 30km magnetic anomaly.

+ An "Exploration Target"1 of 1.500.000.000 to 2.100.000.000 tonnes @a grade of 28 -43% Fe, inclusive of 250.000.000 to 350.000.000 tonnes of oxide("potential DSO +beneficiable DSO") @a grade of 40 -60% Fe has been determined, for ~16km of the Baniaka magnetic anomaly.

+ Rock chip float samples collected @Baniaka during a Mar ´13 field reconnaissance returned best results of:

- 66.4% Fe, 1.4% SiO2, 1.1% Al2O3 +0.08% P;

- 65.6% Fe, 1.6% SiO2, 1.3% Al2O3 +0.09% P; +

- 65.3% Fe, 1.8% SiO2, 1.2% Al2O3 +0.13% P ...
www.capelam.com.au/IRM/Company/ShowPage.aspx/PDFs/2852-88841…

[Popeye82]

Southeast Asia, "Regional Focus" - International Mining - May13
www.im-mining.com/wp-content/themes/immining/pdfs/regionfocu…

[Popeye82]

K+S-Aktie: Der "Übernahmekampf um die Mehrheit bei K+S ist "im vollen Gange" " - AC, KASSEL - Aug 16, 2013
www.aktiencheck.de/exklusiv/Artikel-K_S_Aktie_Uebernahmekamp…

"Das Tauziehen um die Vorherrschaft beim Kasseler Düngemittelkonzern K+S ist
bereits in vollem Gange. Zumindest deutet einiges darauf hin, dass der
Übernahmekampf schon entbrannt ist.

Wer wird die Macht bei Deutschlands führendem Düngemittel-Konzern
bekommen? Werden es die Russen oder gehen am Ende doch die Nordamerikaner
als Sieger aus dem Übernahmekampf hervor?

Das Zünglein an der Waage werden die Wallstreet-Banken unter Führung der
Investmentbanken Goldman Sachs und Morgan Stanley sein. Goldman Sachs
hatte bereits vor dem großen Kurssturz einen Stimmrechte-Anteil von über 5% an
K+S gemeldet. Die Investmentbanker von Morgan Stanley zogen kurze Zeit
später nach und kontrollieren inzwischen über 10% an dem Kali-Konzern. Was ist
die Motivation der Wallstreet-Banken. Wer sind ihre Auftraggeber?

Sollten es tatsächlich die Russen sein, dann könnte das Rennen bereits
entschieden sein. Schließlich ist der größte Einzelaktionär von K+S der russische
Düngemittel-Riese Eurochem mit einem Anteil von knapp 10%. Sollten die
Wallstreet-Banken im Auftrag der Russen unterwegs sein, dann wäre der Kampf
um die Macht bei K+S bereits so gut wie entschieden. Die Russen hätten dann
mit knapp 25% der Stimmrechtsanteile bereits das Sagen in der
Hauptversammlung. Für die Russen würde die Machtübernahme bei K+S der
perfekte Zugang zum europäischen Markt bedeutet. Zudem würde K+S ein guter
Partner bei der qualitativen Verbesserung der Eurochem-Produkte.

Nicht auszuschließen ist allerdings, dass die US-Banken im Auftrag der
nordamerikanischen Vertriebsallianz Canpotex unterwegs sind. Dann hätten die
Nordamerikaner inzwischen ein sattes Gegengewicht zu der russischen
Eurochem-Beteiligung aufgebaut.

Mit Spannung dürfen die kommenden Bewegungen im Aktionärskreis der K+S
erwartet werden. Den jüngsten Kurssturz werden strategische Investoren sicher
zum Ausbau ihrer Beteiligungen genutzt haben.

Vorstand und Aufsichtsrat von K+S scheinen auf jeden Fall guter Dinge zu sein.
Die Insider haben zuletzt ebenfalls kräftig K+S-Aktien eingekauft. Das scheint
was im Busch zu sein.

Sollte tatsächlich bereits ein ausländischer Investor die Kontrolle bei K+S
übernommen haben, droht den zahlreichen Shortsellern ein tödliches Blutbad.
Über 13,6% der K+S-Aktien sind bereits leerverkauft. Dreht sich die Stimmung in
Bezug auf die K+S-Aktie plötzlich auf die Long-Seite, dann droht ein gewaltiger
Short Squeeze.

Die K+S-Aktie gewinn aktuell +1,43% auf 18,50 Euro im Tradegate-Handel. "

[Popeye82]

High Grading; The "Implications Of Turning Ore To Waste" - EA/K - Aug 16, 2013

- B. Cook +C. Wilson -
www.kitco.com/ind/Cook/2013-08-16-High-Grading-The-Implicati…

"We recently covered problems the industry faces with regards to the veracity of technical reports . Specifically we see number mistakes and fatal flaws built into NI-43-101 reports and sundry economic studies that ignore the realty of geology and mining . Folks, it is downright scary what passes for “Industry Standards”, NI-43-101 compliance , and, as the numerous industry write-downs demonstrate, mining companies’ internal studies.


With this in mine, Chris Wilson of Exploration Alliance provides a very enlightening look at what happens to a real life ore deposit when a company high grades it (changes the mine plan to extract the highest grade material) in order to increase short term profitability, or even just stay in business. Spoiler alert: about a third of the ounces go bye-bye. Also, we have added a strip ratio glossary to the Geo-Insights tab of our Exploration Insights website that is worth studying in detail here.

This is important information because as (if) metal prices (gold, in particular) decrease it is becoming apparent that the majority of mining companies cannot make money on their mines without severe cost cutting and/or increasing the mined grade. We believe this high grading probably offers the most efficient option to decrease costs, but feel the long term implication for the miners and their mines is that significant current reserves and resources will be rendered uneconomic (barring an increase in metal prices). Meaning, once again, miners will become increasingly desperate for new, high margin deposits.

Chris references the results of a BMO Capital Markets study that estimates the average “all-in costs” for the major miners is around $1,750 per ounce. This BMO cost metric is intended to reflect everything a company spends and, therefore, the bottom line profits. It is one step beyond the various cost metrics being employed by the gold mining industry that we covered in Exploration Insights March 25 (a study we can pass on to anyone interested), the essence of which is summarized below:

- Cash Cost: The cost of production at the mine site, not including head office costs, interest expense, capitalized development, or stripping, off-site costs (like smelting or refining costs), taxes, or depreciation.

- Total Cash Costs: Cash Costs plus off-site costs, head office costs, and sometimes interest.

- Total Costs: Total Cash Costs plus depreciation, interest, and reported taxes (not necessarily paid).

- All-in Cash Costs: Cash Costs plus exploration expense, head office costs, and sustaining capital.


Gold Price, Increased Operational Costs, and Reduced Profits - Some Implications for Open Pit Mining

- by Chris Wilson, Exploration Alliance -

The major gold miners are facing a multitude of challenges that have contributed to poor economic performance over the last few years. Some of these challenges, such as the battle to retain profits as sovereign governments demand an increasingly large piece of the pie, are outside the control of company management. Other issues such as large CAPEX overruns, poorly timed acquisitions, stalled and shelved projects, and substantial cost escalation, have also contributed to the inability of the major miners to turn record metal prices into corresponding profits and shareholder value.

A detailed review of over 35 major and middle tier gold miners by BMO Capital Markets Global Mining Research noted that the average all-in costs (which consist of the all-in sustaining costs plus tax and development) for gold production in 2012 were approximately $1,750/oz gold and are predicted to be around $1,700/oz gold in 2013, causing BMO to conclude that less than 5% of companies have current all-in cash costs below spot price. Even if you take the more conservative industry standard, all-in production costs of between $1120 and $1308/oz Au, it is clear that many companies are producing at or near a loss.

The inability to control operational costs in part reflects a collective corporate mindset of increasing reserves by adopting lower cut-off grades (sustained by runaway gold prices) rather than concentrating on deposit quality and operational margins. This approach has clearly not worked. In fact, BMO notes that decreasing ore grades is now the largest factor (36% of cash costs) contributing to cash cost escalation, followed by labour (24%) and strip ratio (9%). Moreover, BMO notes that whilst cuts in discretionary expenditure (G&A, exploration), deferral or abandonment of new projects and expansionary capital, and short term deferral of sustaining capital (maintenance and pre-stripping of waste) will all help reduce all-in cash costs, they conclude that “mine plan revisions are required to significantly change head grades and thus restructure operating costs.”


What happens when a deposit is high graded?

The stagnation of the gold price through 2012 and its precipitous fall in 2013 has had a major negative impact on an already strained industry. Shelved and stalled projects coupled by slashed exploration budgets will impact negatively on a company’s ability to replace the ounces it mines. Lower gold prices will also force miners to recalculate reserves and resources, using more sustainable gold prices and thus higher cut-off grades, which will also result in a further reduction of reserves and resources. To improve margins, companies may look to high grade accessible parts of their deposits; which, as we demonstrate below provides a short term economic benefit but will make it more difficult to mine the remaining parts of the ore body. Ultimately we feel this will result in un-mined ounces and further downgrade of reserves and resources--not good if your long term survival depends on more, not less, gold.

In the Glossary of Open Pit Mining terms (appended below) we explain the concept of strip ratio, and how higher gold prices should allow an operation to sustain larger strip ratio and thus access deeper parts of the ore body. Conversely, a decrease in the gold price (as has recently happened) will impact on the economics of pushing an open pit deeper, such that the deeper parts of the ore body become uneconomic.


@current lower gold prices the company is faced with three options:

- Continue to operate at a loss.
- Suspend operations (not always possible).
- Modify the mine plan to target high grade ore blocks that can be accessed easily from the existing pit (high grading).


As we explained in the first edition of Glossary of Open Pit Mining terms (EI June 30, 2013), successful mining requires development of an optimised mine schedule that provides the most rapid payback of capital whilst allowing all the economically viable portions of the ore body to be mined through the life of the mine. In contrast, high grading is the process of mining the highest grade zones of the ore body to provide short term economic benefit, on the assumption that the remaining areas of the ore body will be mined as the gold price increases. In reality, the remaining ore often becomes marginally economic or uneconomic, resulting in loss of ounces to the reserve base.

Remember: Ore makes money and waste removal costs money. If material classified as ore is mined and processed at a loss -then it is waste .

The graphic below shows two mining scenarios for an existing open pit: in scenario “A” the company completes the life-of-mine mine plan and exploits the entire economic ore body as planned; in scenario “B” the company elects to high grade the ore body (as shown by the blue pit outline) leaving the remaining ore body for a later date. The long section shown is from a greenstone-hosted gold system and is real data.



- (Fig. 1: Comparison of two open pit mining scenarios illustrating the effect of high grading a deposit. Take note of the resultant cost data and strip ratio) -


Using a cost of $5/tonne to remove waste, $1300 Au, a recovery of 85%, and assuming no dilution, the following is noted:



- (Table 1: Changes in ore deposit when deposit is high graded) -


In conclusion, high grading a deposit will result in reduced per ounce costs and improved economics; therefore, if companies cannot reduce costs they will be forced to selectively mine the high grade parts of their ore bodies. This is especially true of the lower grade and more complex ore bodies where margins are most sensitive to gold price. However, it is far from certain that the “ore” left will be economic, and high grading will almost certainly result in a downgrade of the remaining reserves barring an increase in metal prices. The affect to the ultimate NPV of a deposit varies, and in some instances high grading may ultimately have no real negative affect .

Reading last week’s Exploration Insights, in which Brent discussed technical studies and how the same deposit can move from a significantly positive NPV to negative NPV as the input parameters are tightened into feasibility, what we should conclude from the above discussion is that high gold prices allowed unrealistically low cut-off grades -to be used to classify waste as ore . A somewhat sweeping statement but, taken in a generalized context, it underlines the need to better define reserves using more realistic cut-off grades based on realistic cost assumptions and sustainable long term gold prices.

Editor’s side note, and thanks to subscriber BD:


The following table documents the gold price some of the larger mining companies are using to calculate reserves and resources as of Dec 31, 2012.:

Company - Reserves($/oz Au) - Resources

Agnico-Eagle - $1,490(3 year average ending Dec 31, 2012)

Anglogold Ashanti - $1,300

Barrick - $1,500(long-term average)

Couer-d-Alene - $1,650 (gold treated as by-product)

Eldorado - $1,250

Goldcorp - $1,350 - $1,500

Harmony - $1,400

Iamgold - $1,400, subject to deposit

Kinross - $1,200

Newmont - $1,400

Randgold - $1,500

New Gold - $1,300 to $1,350 - $1,400

- Table 2: Gold price used to calculate reserves for major miners. See "any potential issues here"? -


To reiterate, when we factor in the effects of shelved and stalled projects, reduced or cancelled exploration programs, downward re-calculation of reserves and resources using lower gold prices and higher cut-off grades, and the likelihood that high grading will ultimately result in lost ounces, then it is clear that the long term thesis of Exploration Insights is more valid than ever: that the major gold miners are not replacing the ounces mined and that ultimately they will be forced to buy future resources and reserves. The logical follow-on, as and when the industry starts to return to health, is that any genuine discovery, especially the higher margin ones in politically stable jurisdictions, will be extremely valuable.

In future contributions we will try to explain the difference between a high margin ore body and the majority of discoveries that are either fatally flawed or are too low grade (marginal) to ever make the cut. Understanding the difference between the two and being able to pick those differences in press releases, is a fundamental first step in identifying discoveries that will one day fit the criteria of the resource hungry major and middle tier producers.

That’s the way we see it.


Exploration Insights
By Brent Cook and Chris Wilson
www.explorationinsights.com
www.explorationalliance.com "

[Popeye82]

Triton Minerals - Balama Drilling Intersects Another 64 Metres of Graphite - Aug 16, 2013

+ 64m of Graphite Mineralisation on Drill Section 4;

+ Extends "potential" strike of graphitic mineralisation "up to" 2kms; +

+ The graphitic mineralisation intersected "appears to be on the same rock succession", extending north-east from Syrah’s world-class graphite deposits. ...
www.tritongold.com.au/attachments/article/44/1246232.pdf

[Popeye82]

China Goes Deeper, in Search for Uranium; Just recently, China National Nuclear Corp.(CNNC) announced it had made a "technological breakthrough" in uranium mining, with a record drilling depth of 2.819 meters. The drilling was conducted qFuzhou City, in east China’s Jiangxi Province, +is >twice the 1.200 meter depth previously achieved by CNNC. In a statement, the state-owned company, which is also China’s largest atomic energy developer, said the new drilling technology “can help boost China’s domestic uranium supplies +ensure the key energy source for developing nuclear power generation” - AUW - Aug 16, 2013
www.au-wire.com/china-goes-deeper-in-search-for-uranium/

[Popeye82]

Antwort auf Beitrag Nr.: 45.271.949 von Popeye82 am 18.08.13 01:13:31

Bill Gates exclusive interview, with China Nuclear Industry Magazine - CNIM/CNNC - May 15, 2013
www.cnnc.com.cn/tabid/655/InfoID/74317/frtid/645/Default.asp…

"Q(Question )： As the world’s top IT expert, you succeeded in the software industry of Windows platform. Now you are busy in charity work. You always said that you have three wishes during your lifetime. The third is to make clean, economic electric energy available to the human race. To realize it, you lay your hope in nuclear energy. When did you have interest in nuclear energy, and why?
　　
A(Answer ): As part of a speech I gave at Ted threeyears ago, I said I had a very deep-seated wish that would allow the world to produce carbon-free energy cheaper than coal.
　　
I’m interested in energy for two reasons. First, because as China has seen, access to energy is crucial for lifting people out of poverty. It improves education, health care, transportation, and many other aspects of development.? And second, because subsistence farmers in the poorest parts of the world will face potentially devastating consequences from climate change though they did essentially nothing to contribute to the problem. The world faces an inescapable imperative to reduce carbon emissions.
　　
We need new sources of sustainable, scalable, low-carbon energy. Inventing such a source and making it available to the world will help us stop warming our planet and, at the same time will be a powerful force to eradicate poverty and improve global living standards.
　　
Throughout my whole career, I’ve been a believer in the power of innovation, so I’ve invested in a number of new energy companies that are pursuing this dream. One that I am particularly excited about is TerraPower, a nuclear power company that I’m quite involved with and where I serve as Chairman. It has an innovative design and vastly improved safety features that make it a very exciting approach to providing safe, clean power at scale.
　　

Q: How do you think the role of nuclear energy played in contemporary energy development? What’s your view on further development of nuclear power?
　　
A: Nuclear power has played an important role in energy development and can play an even more decisive role moving forward in a carbon-constrained world. Compared to other sources like coal, its overall safety record is notable. But concerns about the safety of nuclear energy and the waste it creates must be addressed, particularly after Fukushima.
　　
Over the past 30 years, there has been surprisingly little improvement in the available nuclear technologies despite the rapid economic development that results from access to safe, clean and cheap electricity. When you spend time in the developing world, the benefits of access to electricity are abundantly clear. Access to electricity means lights to study by, refrigeration for vaccines, sterile water and clean cooking facilities. If provided in a cheap (and clean) way, electricity has transformative power to improve the well-being of the poor.
　　
Nuclear energy, when harnessed properly, responsibly and safely, can provide the immense levels of base load electricity needed for a high quality of life. Even better, it does so without negative impacts on the environment. I’m excited about TerraPower’s approach because it addresses many of the barriers to the use of nuclear energy and provides a safer, scalable, more secure technology.
　　

Q: You have been engaged in promotion of traveling wave reactor for a long time. How do you think of the expected effect that the traveling wave reactor will on the nuclear technology and the world’s energy economic in the future?
　　
A: We founded TerraPower back in 2006 because we recognized the need for a safe, scalable, secure nuclear energy technology. Even though today’s nuclear plant designs have proven to be extremely safe, we wanted to make them even safer. In order for all countries to be able to have access to nuclear energy, we also wanted to address the long-term cost and availability of uranium fuel, as well as weapons proliferation concerns.
　　
We also wanted to address the issue of what to do with spent fuel. To accomplish all of our objectives, we evaluated all the types of nuclear reactors that have been studied or discussed in theory. Then we selected the traveling wave reactor and founded TerraPower to develop it.
　　
We’ve made great progress. During the last couple years, we have made great strides in advancing the design and engineering of the traveling wave reactor beyond the traditional research and development stage. We have adopted the lessons learned from previous reference plants. We have incorporated research and operating results, coupled them with the most advanced analytical and engineering tools, and engaged the joint efforts of leading experts and institutions from around the world. We have been able to complete the essential conceptual design and have progressed to the engineering design stage.
　　
We’ve also started many key materials and fuel testing programs to further our confidence in this technology. We are hoping that, with the right partners on board, we can quickly move into the detailed engineering design. Furthermore, we hope to combine our partners'strengths with ours to successfully build the prototype traveling wave reactor plant by the year 2023.
　　
In addition to the safety improvement inherent in the Generation IV reactor design, traveling wave reactor technology can use depleted uranium and simplify the fuel cycle. It produces substantially less waste, making the issue of fuel disposal less complex. Eventually, it should even be able to use spent light water reactor fuel, using it as a fuel source and further reducing the need to store spent fuel.
　　
For all these reasons, it will improve the economic competitiveness of nuclear power in the future. I believe this is a breakthrough approach and that with the combined efforts of our partners, we can achieve our goal to provide safe, economic, environmentally friendly and sustainable nuclear energy to the entire world.
　　

Q: We all know that nuclear energy is a scientific and rational choice for energy development considering the sustainable development of world economy and improvement of human living environment. However, there are different voices about the development of nuclear power. How do you deal with those different opinions? What do you think about the nuclear safety and the nuclear non-proliferation?
　　
A: We recognize that there are a number of concerns with nuclear technology, mainly revolving around safety, waste, and weapons proliferation. We just had the second anniversary of the Fukushima disaster and, with North Korea in the news now around proliferation concerns, we need to responsibly and reasonably address these concerns.
　　
TerraPower’s goal is to develop a new technology that will set an even higher standard that will address legitimate concerns over safety and weapons proliferation. Nuclear is very, very safe today, but we believe this design will make it dramatically safer. It relies on natural laws of physics to mitigate accident scenarios like the one at Fukushima. It efficiently uses an inexpensive fuel source. It reduces the need for enrichment and chemical reprocessing and simplifies the fuel cycle. These characteristics will make it much more difficult to convert uranium into materials that can be used in nuclear weapons. We view all of these as tremendously positive attributes and have been encouraged that so many others share this view.
　　

Q: I heard that you have met with Chairman XI Jinping during your attending of Boao Forum. Could you reveal us a little about topics of the meeting? What’s your comment on China’s development of nuclear energy? What do you think of your international cooperate partner in nuclear energy and its G4 technology?
　　
A: I was honored to meet with Chairman Xi in Bo'ao and we discussed the opportunity China has to improve the well being of the poor around the world. China's record of lifting 600 million people out of poverty in just a few decades provides a rich source of expertise that could benefit many other countries, particularly those in Africa.
　　
Regarding China’s development of nuclear energy, it leads the nuclear sector with 40 percent of all new plants being built in the world. I believe China’s program will become an example for other countries in scaling up nuclear power responsibly. With the scale of its program and its technical talent, it will become a leading innovator as well as constructor of nuclear power plants.
　　
TerraPower’s leadership has had excellent interactions with our fellow energy experts here. It does not yet have a partner to develop the traveling wave reactor, but we certainly admire China for its commitment to advancing nuclear energy. For the initial testing and deployment of TerraPower’s traveling wave reactor technology, we are seeking a partner that has a great demand for base load electricity, along with a desire to be an active innovator in advanced fast reactors.
　　

Q: Developing nuclear power is your wish for the next 50 years. Did the Fukushima event make any difference to this wish? Did you make any change on your plans accordingly? In your view, what is the key to nuclear energy development over the next 20 years?
　　
A: There are a number of important lessons from the Fukushima incident that the entire industry is taking to heart. It certainly underscores the need for new technologies like TerraPower’s. After the incident, we paused to carefully confirm details relevant to earthquake and flooding related to the traveling wave design. We carefully addressed safety features, and we’re confident that the traveling wave reactor provides great advancements in safe reactor designs.
　　
TerraPower’s inherent safety systems do not rely on offsite power or water, allowing these systems to better withstand any kind of natural disaster.
　　
The key to nuclear energy development over the next 20 years is a simpler fuel cycle that fundamentally changes the way we produce nuclear energy. We need to develop new safety systems to reassure citizens that nuclear energy is safe, and develop technical solutions to reduce or eliminate areas that may lead to weapons proliferation. Because of concern over treating or storing nuclear waste, we need to develop innovative ways to reduce waste creation and better ways for storage and disposal. All of this is very possible and necessary in the next 20 years and we believe that TerraPower’s design addresses these concerns and can be put into practice over the next ten years.
　　

Q: What’s your expectation on China’s development of the nuclear industry?
　　
A: As the demand for energy grows, traditional forms of power production like coal or gas cannot meet these escalating needs without adding significantly to our CO2 load as a planet. Given the scope of its program and commitment to nuclear power, China stands out as a key market for overall energy development in the next century. I believe that China, with its commitment to scientific research and technical innovation, will become a world leader in nuclear energy. It is already well on its way. "

[Popeye82]

Belvedere Resources - Hitura tailings expansion selected, as a test area for the Utilization of By-Products +Alternative Construction Materials in New Mine Construction(UPACMIC) EU life project. The project has been developed together with Ramboll, an international engineering, design +consultancy firm, to investigate using industry by-products as an alternative to traditional, industrially manufactured materials to new tailings areas, +also their use in reclamation of old tailings areas - Aug 14, 2013
www.belvedere-resources.com/belvederes-hitura-tailings-expan…

[Popeye82]

Sirius Minerals Plc - Increase +upgrade of York Potash Mineral Resource -to 2.660.000.000 tonnes @85.7% polyhalite I/I, the "world’s largest + highest grade Polyhalite deposit", within an area ~7% of the York Potash "Area of Interest", basis for a Reserve estimate, expected later in the year - May 7, 2013
http://otp.investis.com/clients/uk/sirius-minerals/rns/regul…

[Popeye82]

Great Western Exploration - Significant Copper intersected in drilling @Spasskaya, drills "up to" 110m @2.89% copper, from surface - Aug 19, 2013
www.greatwesternexploration.com.au/images/pdf/1246653.pdf

[Popeye82]

Glencore to take "up to" $7.000.000.000 hit, on Xstrata assets - MW/R, LONDON - Aug 19, 2013
www.miningweekly.com/article/glencore-to-take-up-to-7bn-hit-…

[Popeye82]

Manas Resources - VC - Aug 15, 2013
www.manasresources.com.au/aurora/assets/user_content/1508201…

[Popeye82]

国家发改委:分布式发电项目建设或发电可获补贴 - EP - Aug 15, 2013
http://energy.people.com.cn/n/2013/0815/c71661-22569403.html

"发改委近日发布《分布式发电管理暂行办法》，对符合条件的分布式发电给予建设资金补贴或单位发电量补贴，建设资金补贴方式仅限于电力普遍服务范围。享受建设资金补贴的，不再给予单位发电量补贴。

分布式发电以自发自用为主，多余电量上网，电网调剂余缺，采用双向计量电量结算或净电量结算的方式 ，并可考虑峰谷电价因素。结算周期在合同中商定，原则上按月结算。

电网企业应保证分布式发电多余电量的优先上网和全额收购 享受补贴的分布式发电包括风力发电、太阳能发电、生物质发电、地热发电、海洋能发电等新能源发电 。

《暂行办法》鼓励企业、专业化能源服务公司和包括个人在内的各类电力用户投资建设并经营分布式发电项目，豁免分布式发电项目发电业务许可。

电网企业负责分布式发电外部接网设施以及由接入引起公共电网改造部分的投资建设，并为分布式发电提供便捷、及时、高效的接入电网服务，与投资经营分布式发电设施的项目单位(或个体经营者、家庭用户)签订并网协议和购售电合同。

对于以35千伏及以下电压等级接入配电网的分布式发电，电网企业应按专门设置的简化流程办理并网申请，并提供咨询、调试和并网验收等服务。对于小水电站和以35千伏以上电压等级接入配电网的分布式发电，电网企业应根据其接入方式、电量使用范围，本着简便和及时高效的原则做好并网管理，提供相关服务。 "

[Popeye82]

Data shows steadily increasing house prices in China - CER/WSJ - Aug 19, 2013
www.chinaeconomicreview.com/node/64418

"Housing prices continued to climb in July, showing an average 6.7% year-over-year growth, up from 6.1% in June, Wall Street Journal reported, citing official data released Sunday.

New home prices in first-tier cities showed as much as a 17.2% gain in July, according to National Bureau of Statistics’ figures. Until earlier this year, Beijing was tightening property controls to rein in house prices. But with growth fragile and the real-estate sector a key contributor to domestic demand, policymakers had taken a more relaxed approach. These most recent signs of rapidly rising house prices have sparked fresh concerns over a sharper policy correction to come. "

[Popeye82]

Lamboo Resources - Maiden JORC Resource for McIntosh Flake Graphite Project: 5.323.000 tonnes @4.91% TGC(Total Graphitic Carbon) I/I; represents ~10% of the interpreted strike length of the host graphite horizons @Target1 +is open both along strike +@depth, "Potential" for further flake graphite resources exists @Targets2, 3, 5 +6 - Apr 10, 2013
www.lambooresources.com.au/PDF/ASX_10Arp13_Maiden%20JORC%20R…

[Popeye82]

Zitat von Popeye82: Hannans Reward - "Significant" Copper-Gold JORC "Exploration Target" -of 4.800.000 -6.200.000tonnes @ 2.00 -2.78% Cu +1.23 -2.23g/t Au, 7 kilometres south-west of Kiruna; Results from the diamond drilling will feed into calculating a maiden JORC resource for Pahtohavare, which Hannans is "aiming" to have completed in the 3rd calendar quarter of ´13 - Mar 12, 2013
www.hannansreward.com/reports/120986-130312-Significant-Cu_A…

[Popeye82]

Zitat von Popeye82: Hannans Reward - "Significant" Copper-Gold JORC "Exploration Target" -of 4.800.000 -6.200.000tonnes @ 2.00 -2.78% Cu +1.23 -2.23g/t Au, 7 kilometres south-west of Kiruna; Results from the diamond drilling will feed into calculating a maiden JORC resource for Pahtohavare, which Hannans is "aiming" to have completed in the 3rd calendar quarter of ´13 - Mar 12, 2013
www.hannansreward.com/reports/120986-130312-Significant-Cu_A…

Maiden JORC Resource @Pahtohavare -of 2.300.000 tonnes @1.74% Cu +0.6g/t Au(2.31% CuEq1) I; a compilation of historic data only @this stage, Resource Estimate "expected" to grow, with additional drilling being undertaken by Hannans - Aug 20, 2013
www.hannansreward.com/reports/121037-190820-FINAL-JORC-RESOU…

[Popeye82]

Black Iron - Selects Fluor Corporation, as the Contractor for Its Shymanivske Project, Ukraine - Aug 20, 2013
www.blackiron.com/News/Press-Release-Details/2013/Black-Iron…
www.blackiron.com/files/doc_presentations/20130806_BKI_CorpP…

[Popeye82]

Antwort auf Beitrag Nr.: 45.285.283 von Popeye82 am 20.08.13 14:08:29

Black Iron gets "thumbs up" from analysts, on Metinvest development deal - PAI - Jul 26, 2013

- by Deborah Bacal -
www.proactiveinvestors.com/companies/news/46538/black-iron-g…

"Black Iron (TSE:BKI) had its price target boosted this week by analysts at Cormark Securities, on the back of a definitive development agreement with Metinvest B.V. to advance the company's Shymanivske iron ore project in the Ukraine putting the iron ore development company "back on track". Cormark's price target was increased to $1.10 from 75 cents previously, with the firm's "buy" rating maintained.

Metinvest, Ukraine’s largest integrated mining and steel producer, will take a 49 per cent interest in the project for an initial US$20 million investment and fund its share of capital going forward, Black Iron announced Tuesday. More compelling over the long term is the commitment from Metinvest of dollar-for-dollar matching of all the equity financing Black Iron raises, of up to $536 million.

"The agreement provides Black Iron with a strong strategic partner with political and financial support to get the project developed and should underscore the low market valuation," wrote Cormark analyst Cliff Hale-Sanders in his research note the day after the news was announced.

With only about $220 million now needing to be raised, the company's management highlighted on Tuesday that it still has 100 per cent of offtake available for raising additional financing. Black Iron also remains the operator of the project.

Cormark's Hale-Sanders pointed out that while the transaction results in a significant ownership dilution for Black Iron on the project, the market had been valuing the company's shares as if the project was unfinanceable. "Both partners have agreed to fund the development on their proportionate interest or be diluted down. Using the projected capital investment of $1.1 BB from the December 2012 feasibility study and 60% debt, we believe Black Iron will need $219 MM in equity to fund development," wrote the analyst in the note.

Last December, Black Iron filed a feasibility study that showed a 45.9 per cent internal rate of return, a 2.2 year payback period and a US$3.5 billion net present value, on a pre-tax basis, for a 9.2 million tonne per year operation, producing high grade, 68% iron concentrate. Capital costs were projected at $1.09 billion, or $119 per tonne of installed capacity, ranking it in the first quartile of development projects, according to Black Iron's statement last year.

The Shymanivske property is surrounded by existing infrastructure, including access to power, rail and port facilities, which the company has said will allow for a quick development timeline to production. Two operating mines - ArcelorMittal’s Kryviy Rih iron ore complex and YuGOK, owned by Evraz and Smart Holding - are essentially adjacent to Black Iron’s asset, and have been successfully producing a high quality concentrate for years.

The company, which has a large historical compliant resource of 814 million tonnes grading 31% iron, will benefit from an expected offtake arrangement, with such a deal anticipated to finalize in the second half of the year. Production start-up from the project is expected in the second half of 2017.

"This [Metinvest] transaction puts BKI back on track for development and should support a strong rerating of the shares as milestones are met," concluded Hale-Sanders. Metinvest is Ukraine’s largest mining and steel producer and has a track record of developing and operating iron ore projects. In 2012, it produced 36.2 million tonnes of iron ore and 12.5 million tonnes in steel, the analyst added.

Desjardins Capital Markets analyst John Hughes also released a research report on the back of the news, reiterating his "buy" rating and $1.00 price target, saying the investment by Metinvest is regarded as a positive and necessary step toward progressing the project to production.

"Metinvest appears to be well connected at the political level in Ukraine. This should benefit Black Iron in terms of securing land, as well as with two permitting issues the company has found challenging on a project‐to‐date basis," Hughes wrote.

The deal is still subject to the approval of the TSX and the government of Ukraine's anti-monopoly division, which is expected to take around three months to secure.

The news sparked some encouragement from investors, with Black Iron's shares picking up over 33 per cent this week, currently trading at about 20 cents on the Toronto Stock Exchange.


Profile

Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production. "




Black Iron financing construction "very likely", given Metinvest deal - PAI - Aug 19, 2013

- by Fiona MacDonald -
www.proactiveinvestors.com/companies/news/47203/black-iron-f…

"Black Iron (TSE:BKI) continues to reap the benefits of its recently-announced definitive development agreement with Metinvest B.V. to advance the company's Shymanivske iron ore project in Ukraine as off-take customers circle the project with renewed interest . “Its game changing for us,” said Black Iron CEO Matt Simpson of the deal, speaking upon his return to Toronto following a two week marketing trip to Europe that immediately followed release of the news. “I don’t know of any other junior developer out there that has half their project construction financed but yet still has all of their off-take to offer to secure the rest of the project financing.”

The deal brings with it an initial investment of $20 million in Black Iron (Cyprus) Ltd, the wholly-owned subsidiary of the Toronto-based explorer and developer, with potentially hundreds of millions to follow.

The initial investment, which takes the form of a private placement of shares, gives Metinvest a 49 per cent shareholding of Black Iron Inc’s holding company, BKI Cyprus, which holds Black Iron's development stage Shymanivske project and the exploration stage Zelenivske project, both located in Kryviy Rih, Ukraine. More eye-catching for investors is the commitment from Metinvest to match dollar-for-dollar all the equity financing Black Iron raises, up to $536 million.

As Simpson points out, assuming a debt equity split of 60/40, this leaves only $250 million now needing to be raised, with the company still having 100 per cent of its offtake available on the Shymanivske project to offer at a slight discount to market price to raise this financing. For example, Black Iron could offer a large steel mill a $4 per tonne discount on its 9.2 million tonne per annum of production for 10 years which on a non-discounted basis is worth $368 million, which makes the ask of only $250 million quite an attractive ratio before even considering needing to issue equity.

And he says, several potential customers already circling the project, have been “re-energized” by the new deal, “because the ratios, in terms of how many dollars we’re asking for from them versus the amount of material we have to offer in the offtake agreement in exchange is substantially more attractive. It’s always been a good ratio but now it’s even better, twice as good.”

Metinvest is a big name to do business with in Ukraine. A vertically integrated group of steel and mining companies, producing more than 36.2 million tonnes of iron ore (9th in world), 11.6 million tonnes of coal and 12.5 million tonnes of steel (16th in world) last calendar year, the steel maker is not only Ukraine’s largest mining and steel producer, it also holds the distinction of being the country’s largest employer.

Simpson speaks highly of the company’s new investor, “a group that has operated in Ukraine very effectively for a number of years and has a proven track record of success,” emphasizing the wealth of synergies the Ukrainian investor brings with it. As he points out, the new investor has much to offer through association with its parent company System Capital Management (SCM) which owns a variety of companies that could provide services to Black Iron, improve negotiating insights and/or help ensure we work with the best local company’s particularly during construction; for example SCM owns an electricity producing company which generates a substantial part of the country’s electricity, lending insight when the time comes for Black Iron to negotiate electricity contracts.

“They also own a company which leases the majority of private rail cars in the country, so that could be quite useful. In addition, they also own a company that has ports in Ukraine that handle iron ore and steel.”

Black Iron for its part brings a wealth of experience to MetInvest, which, while it has “tremendous experience operating in the country and have done a number of brownfield projects”, Simpson says, “has never built a mine from scratch.”

“It’s appealing for them to be joint venturing with us in developing this mine as we’ve built a number of mines over the years [within our parent company Forbes Manhattan] and have quite a bit of experience and success in doing so; so they’re interested in us bringing that expertise and world class technologies to Ukraine to build this mine.”

Industry approval of the deal was quick in coming; in the aftermath of the announcement the Toronto-based iron ore exploration and development company had its “buy” rating reaffirmed by analysts at Cormark Securities, who also boosted the company’s target to $1.10 from 75 cents.

Desjardins Capital Markets also released a research report on the back of the news, reiterating Black Iron’s "buy" rating and $1.00 price target, saying the investment by Metinvest was a positive and necessary step toward moving the project to production.

A close examination of the Shymanivske project itself makes it easy to see what attracted the marquee investor, who Simpson says “did quite a bit of due diligence and were sold on the economics of the project.”

In the feasibility study Black Iron posted late last year, the company showed a 45.9 per cent internal rate of return, a 2.2 year payback period and a US$3.5 billion net present value, on a pre-tax basis, for a 9.2 million tonne per year operation, producing high grade, 68 per cent iron concentrate. Capital costs were projected at $1.1 billion, or $119 per tonne of installed capacity, ranking it in the first quartile of development projects, according to a statement released by the company last year.

The site is surrounded by existing infrastructure with confirmed capacity, including a government-owned rail line that runs within two kilometers of the property, high voltage power lines that run alongside the railway and access to five ports on the Black Sea. With all these assets in its favour, Black Iron expects a quick development timeline to production.

Simpson also points out the proximity of Kriviy Rih, a city with a population of three-quarters of a million, from where Black Iron intends to source “very highly educated skilled tradesman: electricians, welders, mechanics making $3 an hour; about a tenth of Canada and about 1/18 of what you would pay in Australia where labour is at least 30 per cent of the mines operating costs.”

The deal is still subject to the approval of the TSX and the government of Ukraine's anti-monopoly division, which is expected to take around three months to secure.


Profile

Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production "

[Popeye82]

Edenville Energy Plc - Upgraded JORC Compliant Resource Estimate, Rukwa Coalfields, Tanzania -to 173.000.000 total tonnes in-situ M/I/I, @Mkomolo, Namwele +Muze combined - Mar 26, 2013
www.edenville-energy.com/pdf_news/news_26March_2013.pdf

[Popeye82]

Mexican oil company Pemex to start explorations in the United States - SH/CP, MEXICO CIty - Aug 20, 2013
www.stockhouse.com/news/natural-resources/2013/08/19/mexican…

"Mexico's state-owned oil company says it will form a new entity to explore and produce shale gas and deep-water oil in U.S. territory.

The plan will help Petroleos Mexicanos, known as Pemex, acquire drilling techniques it now lacks for complicated terrain in Mexico, chief executive Emilio Lozoya said in an interview with the Wall Street Journal.

Pemex confirmed the plan Monday.

“The geology is similar and we can benefit from numerous areas of collaboration with international oil companies,” Lozoya said.

Pemex has so far been unable to exploit its shale and deep-water reserves, and the Mexican constitution limits its ability to hire outside expertise in Mexico. The government has proposed allowing Pemex to enter profit-sharing contracts with private companies and let outside companies refine and transport oil inside the country.

That would require politically controversial changes to the constitution, which states that Mexico's oil belongs to the state.

Mexico's largest leftist party is leading opposition to opening up Pemex to more private investment as a way to reverse its declining production.

On Monday, the Democratic Revolution Party, or PRD, presented its own plan to fix the ailing, outdated oil company without constitutional changes or a greater role for private companies.

Instead, the PRD is proposing to loosen the government's stranglehold over revenues from Pemex, where 70 per cent of profits go to fund the federal budget.

Party founder and former presidential candidate Cuauhtemoc Cardenas also said Pemex should be made more independent by removing Cabinet secretaries and the oil workers union from the Pemex board seats they now hold.

Cardenas is the son of the late President Lazaro Cardenas, who nationalized the oil industry in 1938.

Mexico's oil production has dropped by about one-quarter over the last decade. "

[Popeye82]

Energizer Resources: latest Molo results "far superior, to those in PEA" - PAI - Aug 20, 2013

- by F. MacDonald -
www.proactiveinvestors.com/companies/news/47202/energizer-re…

"Energizer Resources(TSE:EGZ) announced Monday further "stand-out" results from the Toronto-based miner’s flagship Molo flake graphite deposit in Madagascar, with ongoing metallurgical optimization tests showing the larger graphite flake sizes that command premium selling prices.


The latest results from the Phase1 Molo process optimization testing @SGS Canada Inc. have yielded results far superior to the graphite flake size distributions reported in February’s Preliminary Economic Assessment(PEA) Study.

In a segment of the industry that adheres to the general rule that the larger the flake size +the higher the purity, the higher the selling price, the results "are compelling".

The results of the open circuit cleaner test using an optimized cleaning circuit include the news that 47.6 per cent of the concentrate mass is large +jumbo flake graphite(that is, >+80 mesh) @a grade of 96.8 per cent C(t); 21.7 per cent of the concentrate mass is jumbo flake graphite(<+48 mesh) @a grade of 97.4 per cent C(t); while 23.5 per cent of is medium flake graphite(-80 to +150 mesh) @a grade of 95.6 per cent, while the remaining 28.9 per cent of the concentrate is small flake(-150 mesh) @a grade of 95.7 per cent C(t).

These results outstrip those recorded in the PEA study, returning a 44 per cent increase in graphite flakes >+100 mesh than in the earlier study +a grade improved to 96.3 per cent C(t), from 94.9 per cent C(t).

"These results are "very significant" because premium prices for graphite are achieved with the highest purity +flake sizes, +Energizer has "just achieved marked increases in both" ,” said President +COO, Craig Scherba.

“Based on these excellent results, Energizer anticipates that there will be a significant enhancement to the already positive economics of the project presented in our PEA Study."

Energizer late last year unveiled an NI 43-101 resource estimate for Molo, which ranks the deposit as one of the largest in the world.

The deposit located near Fotadrevo in the southern region of Madagascar is held 100 per cent within the joint venture entity with Malagasy Minerals Limited. Energizer has a 75 per cent ownership interest +is the operator of the Project.

Flake graphite from the property is high in both purity +quality, a confluence of characteristics that enables the miner to produce a high purity natural flake graphite product using low-cost, standard processing techniques thus allowing the miner to target all markets utilizing value-added graphite applications. Only natural flake graphite has all the necessary attributes +material properties that allow for use across all end-use applications, making flake graphite the most desired form of natural graphite. The material has applications across refractories, battery +energy storage, +specialty foils essential as a heat sink +sealant in portable electronics, smartphones, flat panel televisions +computer monitors.

The news comes a matter of weeks after stock prices almost doubled for the miner, spiking 87 per cent on the TSX after Energizer reported >99.9 per cent graphitic carbon, from a finished concentrate of the same flake graphite deposit.

Indicated resources @the Molo deposit total 83.990.000 tonnes, grading 6.36 per cent carbon(C), >a 2 per cent C cut-off grade, with inferred resources totalling 40.320.000 tonnes grading 6.3 per cent C.

The conventional open pit project is "expected to mine" 1.170.000 tonnes/year of ore, @an average head grade of 8.5 per cent with a stripping ratio of 1.65. With completion of the full feasibility study, "targeted" for the 4th quarter of this year, the start of mine construction is "expected" in the 3rd quarter of ´14, +production "is anticipated" in the 4th quarter of ´15, @an output capacity of 84.000 tonnes/annum.

Shares in the company were trading up the trading day before the news on the Toronto Stock Exchange, adding 0.015 of a cent @close, an increase of >6 per cent.


Profile

Energizer Resources Inc. is a mineral exploration +development company based in Toronto, Canada, which is developing its Green Giant Graphite Project in Madagascar. "

[Popeye82]

Colombian Mines - Drills 6.85 Meters Averaging 5.9 g/t Au, 34.3 g/t Ag, 5.9% Cu +1.29% Zn(16.8 g/t Au Eq), @El Dovio - Aug 20, 2013
www.colombianmines.com/i/pdf/2013-Aug20_NR.pdf

[Popeye82]

Solitario Exploration &Royalty - Intersects 10.7 meters grading 45.60% zinc, 5.25% lead +106.71 gpt silver, on its Bongará Zinc Project, Peru - Aug 20, 2013
www.solitarioxr.com/news/08192013.pdf

[Popeye82]

GuestLogix "cashing in, on jet set shoppers in the high skies" - PAI - Aug 19, 2013

- by Anwar Ali -
www.proactiveinvestors.com/companies/news/47215/guestlogix-c…

"For vacationers squirming in their seats on route to their destination, shopping or booking the next leg of a trip are a few ways to kill time.


For GuestLogix(TSE:GXI), those restless airline passengers represent the way it makes money in a big way, especially in North America, where nine/10 people who pull out their credit cards on board a flight make payments thanks to the company.

GuestLogix processes US$910.000.000 worth of transactions annually, with its point-of-sale devices. With airlines of the no-frills ilk +luxury class alike unwinding the perks from the price of a flight, the amount that travellers spend on everything from meals to duty free merchandise +web browsing is only going to grow.

The Toronto-based company derives revenue, which came to $25.800.000 in fiscal ´12, from globetrotters flying in all regions of the world, whether it is across Canada with WestJet or through the Middle East with Etihad.

In its most recent quarter, revenue grew 20 per cent to $7.200.000, while net income swung to a $1.100.000 or two cents/share profit, from a $500.000 or one cent loss in last year’s 2nd quarter.

Its growth markets are Asia Pacific +Latin America, where a burgeoning middle class dishes out more disposable income. Beacon Securities, which has a buy rating +$2.50 price target on the stock, predicts revenue "could" grow ~1/3rd in ´13, over last year.

Cathay Pacific, regional subsidiary Dragonair +Spring Airlines all came on board with multi-year agreements in the 2nd quarter.

But one of GuestLogix’ most recent contracts with China Southern Airlines gives the company an especially significant boost to the bottom line, prompting a price target upgrade from analysts @M Partners to $1.80, ~double the level @which the stock currently trades.

GuestLogix will provide transaction processing for a service to be rolled out in October that allows passengers to upgrade to 1st class from economy by means of an auction. M Partners estimates that seat upgrades "should" lead to $170.000.000 in gross transaction value, a "modest target given that just 0.2 per cent of passengers would have to participate".

Of the proceeds, GuestLogix would take away four to six per cent in fees, meaning EBITDA between $1.400.000 to $2.000.000, based on 20 per cent margins. After tacking that on to existing earnings +"assuming" a 14x multiple, M Partners "believes that adds 45 cents to the previous target price".

If China Southern proceeds with other initiatives, like onboard duty-free shopping, M Partners said it "would lift its price target an extra 15 cents/share".

Adding to the "revenue possibilities" is a multi-year partnership with Panasonic Avionics Corporation, a North American subsidiary of Panasonic that designs in-flight entertainment systems. The agreement "could be worth $1.600.000 this year".

And in March of this year, the Company announced that it had secured a 10-year agreement with Panasonic’s largest competitor, Thales, to integrate its payment technology into Thales’ in-flight entertainment systems for a licensing fee of $10.000/aircraft plus a recurring percentage of each sale that is processed through its system. With ~4.000 aircraft set to deploy Thales’ IFE systems over the next several years, "this certainly is a sign of a sharp turning point". GuestLogix "is seeking more deals along these lines", with technology firms that have contracts in place with airlines +provide a cut of the gross transaction value.

The "opportunities aren't just in the skies". GuestLogix’ global rail division, which currently supports 8 major rail operators in Europe is targeting Heathrow Express, Rocky Mountaineer, TGV +Virgin Trains, which, combined, represent >150.000.000 passenger trips.

From the rails to the charts, a look @the stock shows that it has cooled off over the summer, but is also @double the level it was @last year.


Profile

GuestLogix Inc. is the leading global provider of onboard store technology +merchandising solutions, which "help airlines +other travel operators create, manage, +control onboard retail environments tailored to their needs +their passengers". "

[Popeye82]

C-COM Satellite Systems - "Next Generation Antennas" deployed, in Japan - Jun 18, 2013
www.c-comsat.com/index.php?mact=News,cntnt01,detail,0&cntnt0…



C-COM Announces Partnership, with "South Africa`s Largest Independent TelCo" - Jul 23, 2013
www.c-comsat.com/index.php?mact=News,cntnt01,detail,0&cntnt0…



C-COM Announces Partnership with "Leading Asian Global Electronics Manufacturer" - Aug 13, 2013
www.c-comsat.com/index.php?mact=News,cntnt01,detail,0&cntnt0…

[Popeye82]

Antwort auf Beitrag Nr.: 45.286.233 von Popeye82 am 20.08.13 16:03:35

GuestLogix - Signs 10-Year Agreement with IFE System Leader Thales, a "global technology leader for the Defence &Security +the Aerospace +Transportation markets", to Facilitate Transaction Processing through Seatback Screens; Industry's Most Prominent Transaction Processing Engine Now Used to Enable IFE Payment Acceptance Across Extensive Global Customer Base; GuestLogix +Thales "anticipate rollout to begin" Jul ´13. A joint deployment is currently underway onboard a 1st major airline custome - Mar 11, 2013
http://guestlogix.com/pr/pr_03-11-13.html



GuestLogix Secures "Multi-Year Agreement" with European Airline Germania, Company to Deploy Onboard Retail Technology Platform across Germania Airline's Entire Fleet - Mar 22, 2013
http://guestlogix.com/pr/pr_05-02-13.html



GuestLogix Secures 4-Year Agreement with Leading Asia Pacific Airline, Cathay Pacific +Subsidiary Dragonair in Major Duty-Free Agreement, with Inflight Sales Group Hong Kong; Cathay Pacific to Manage Entire Onboard Retail Operations with GuestLogix Onboard Retail Platform, new customer win represents >27.000.000 passenger trips for GuestLogix - May 2, 2013
http://guestlogix.com/pr/pr_03-22-13.html



GuestLogix Secures Multi-Year Agreement with China's 1st Low Cost Carrier, Spring Airlines, agreement represents 9.100.000 passenger trips for GuestLogix - Jun 4, 2013
http://guestlogix.com/pr/pr_06-04-13.html



GuestLogix Announces Major Customer Win, with Signing of Asia’s Largest Airline, for the 34th consecutive year/5th largest airline in the world, China Southern; Company to Enable Inflight Auction of Seat Upgrades Onboard China Southern Airlines - Jul 8, 2013
http://guestlogix.com/pr/pr_07-08-13.html



GuestLogix Strengthens Relationship with Momentum Services +Eurostar, with "New Merchant of Record Agreement"; Company 2Deploys Global Payment Services, to Support Growing Onboard Retailing Program Onboard Major Rail Customer" - Aug 15, 2013
http://guestlogix.com/pr/pr_08-15-13.html

[Popeye82]

Gold Road Resources - identies 22 new "high-priority gold targets"(+13 @Pacific Dunes/Corkwood Gold) - Aug 19, 2013
www.goldroad.com.au/reports/SAMSurveyatBreelyaFINAL.pdf
www.goldroad.com.au/reports/1245665.pdf
www.brrmedia.com/event/114850

[Popeye82]

China defense minister tells US not to "pivot" toward China - CER/SCMP - Aug 21, 2013
www.chinaeconomicreview.com/node/64434

"Chang Wanquan, China's new defence minister, told the US his country would not make concessions when it comes to its core interests, namely those concerning its territory, South China Morning Post reported.

During the general's high-level visit to the US he also suggested Washington not target China in its diplomatic and military "pivot" towards the Pacific. Chang's trip comes amid bitter territorial disputes between China and its neighbours, including Japan in the East China Sea and Vietnam and the Philippines in the South China Sea. "

[Popeye82]

China to set up new financial regulator - CER/R - Aug 21, 2013
www.chinaeconomicreview.com/node/64432

"China plans to establish a new agency that will serve as a coordinator of financial supervision, Reuters reported, citing a State Council document on Tuesday.

The new body will be under central bank's control with the roles of existing industry watchdogs still unchanged. The cabinet said in its approval of the proposal from the People's Bank of China (PBOC) that the new office will coordinate China's monetary policies and financial regulations, maintain financial stability and reduce systemic risks. This move is against market expectations, which have long speculated that China would create a super-agency for financial regulation to cut bureaucratic infighting and quicken reforms. "

[Popeye82]

Coal ship breaks apart off South Africa's east coast; A cargo ship carrying 47.650 t of coal has broken apart a few hundred metres off of South Africa's Richards Bay port, with large parts of the vessel underwater, maritime officials said on Tuesday. The 230m-long ship, named SMART, ran aground in rough seas on Monday. It was not blocking shipping lanes @the Indian Ocean port or impeding operations @the Richards Bay Coal Terminal, the largest coal shipping point on the continent, they said - MW/R, JOHANNESBURG - Aug 20, 2013
www.miningweekly.com/article/coal-ship-breaks-apart-off-sout…

[Popeye82]

BHP approves $2.600.000.000 spend on Canada potash project; Diversified giant BHP Billiton on Tuesday approved a $2.600.000.000 capital spend on its Jansen potash project, in Canada, to finish the excavation +lining of the production +service shafts, as well as the installation of essential surface infrastructure. The miner said that the investment "would be spread over a number of years", with completion of both shafts expected during the ´16 calendar year, while the associated works programme would extend to ´17 - MW, PERTH - Aug 20, 2013

- Esmarie Swanepoel -
www.miningweekly.com/article/bhp-approves-26bn-spend-on-jans…
www.bhpbilliton.com/home/investors/news/Documents/2013/13082…

[Popeye82]

Pan African "expects up to 26% rise in ´13 headline earnings"; Dual-listed Pan African Resources expects its headline earnings/share for the financial year ended June 30 to be between 16% +26% higher than the 24.89c recorded in the ´12 financial year. Earnings/share for the full year were "expected to be" between 34% +44% higher than the 24.83c/share, in the prior year - MW/CMR - Aug 20, 2013

- Chanel De Bruyn -
www.miningweekly.com/article/pan-african-expects-up-to-26-ri…

[Popeye82]

International Ferro Metals - Resource/Reserve Upgrade -to 206.000.000 tonnes
@37.57% Cr2O3/92.000.000 tonnes @27.85% Cr2O3 +an estimated inferred resource of 1.34g/t of PGM's in the 181.000.000 tonnes of total chrome ore resource @Sky Chrome, +Banking Facility Update - Aug 21, 2013
http://ifml.com/investor-centre/regulatory-announcements.asp…

[Popeye82]

GoldQuest Mining - Reports 47.0 m Grading 6.90 g/t Gold +0.94 % Copper(Gold Equivalent of 8.44 g/t) @Romero, from In-Fill Drilling +Provides Exploration Update, @La Guama - Aug 21, 2013
www.goldquestcorp.com/index.php/news/2013-news/211-

[Popeye82]

Zitat von Popeye82: Triton Minerals - Balama Drilling Intersects Another 64 Metres of Graphite - Aug 16, 2013

+ 64m of Graphite Mineralisation on Drill Section 4;

+ Extends "potential" strike of graphitic mineralisation "up to" 2kms; +

+ The graphitic mineralisation intersected "appears to be on the same rock succession", extending north-east from Syrah’s world-class graphite deposits. ...
www.tritongold.com.au/attachments/article/44/1246232.pdf

Balama North Project "Cobra Plains Prospect" Drilling Intersects 109 Metres of Graphite - Aug 21, 2013

+ Intersection of 109 continuous metres of Graphite Mineralisation, on Drill Section1;

+ "Extends potential strike length" of good graphitic mineralisation by a further 50%, "up to" 3kms, on Cobra Plains prospect;

+ Total graphitic mineralization zone potential strike length "up to" 10 kms;

+ Completion of first phase of the drilling program; +

+ Drill samples sent to South Africa, for analysis ...
www.tritongold.com.au/attachments/article/44/1247580.pdf

[Popeye82]

Uranium One "sees short supply, doubling prices in 1 to 3 years" - MW/R, MOSCOW - Aug 20, 2013
www.miningweekly.com/article/uranium-one-sees-short-supply-d…

"Canadian miner Uranium One, which Russian nuclear corporation Rosatom plans to consolidate and take private this year, expects uranium prices to almost double in a couple of years amid dwindling supply, its top manager said on Tuesday.

The price of uranium, used mainly as fuel for nuclear reactors, plunged after the March 2011 meltdown at Japan's Fukushima Daiichi atomic power plant and has struggled to recover ever since.

August uranium futures on the New York Mercantile exchange closed at $35.15 per pound on Monday compared with $68 per pound before the earthquake and tsunami in Japan.

As a result, high-cost uranium mines will not survive competition and will be closed down, Uranium One CEO Chris Sattler told journalists at a briefing in Moscow.

Uranium One - a step away from becoming a 100% unit of the Russian nuclear corporation - is betting on a price surge in the mid-term, hoping to boost revenues, Sattler said.

"The reason is that, according to industry expert UxC, 50% of global production just doesn't make money at the current price level", he said.

The shuttering of some high-cost mines would squeeze global supplies and result in prices rising to around $60 per pound in one to three years, according to Sattler.

He added that prices would also be boosted once around 24-million pounds of secondary uranium is removed from the market under the US- Russian Megatons to Megawatts Programme, which winds up this year.

The programme is a bilateral nonproliferation agreement to convert high-enriched uranium taken from dismantled Russian nuclear weapons into low-enriched-uranium for nuclear fuel.

Uranium One's operations are focused in Kazakhstan - the world's top uranium producer, with more than double the output of No.2 producer Canada in 2011, data from the World Nuclear Association showed. The Central Asian country's output quintupled between 2004 and 2011.

Rosatom needs to get a final go-ahead from regulators before taking over the remaining 49% stake of Uranium One and expects to finalise the deal in the third quarter 2013, taking the company private in a deal estimated at around $1.3-billion. "

[Popeye82]

Botswana, Moz in talks , on future coal export railway +port - MW - Aug 16, 2013

- Keith Campbell/M. Zhuwakinyu -
www.miningweekly.com/article/botswana-mozambique-hold-talks-…

"A high-level delegation from Botswana visited Mozambique last week +held discussions with Mozambique officials in the energy, mineral resources +transport sectors. The Botswana delegation was led by Energy Minister Kitso Mokaila +Transport Minister Nomofo Molefhi. “We are in Mozambique to strengthen cooperation with the Mozambique government,” a Botswana government source told the media in Maputo. “We have common interests in, above all, the integrated development of the two countries.”

Although a number of important topics were discussed, Mozambique government sources stated that the main issue for the land-locked Botswanans was the export of their coal through Mozambique ports. The Botswana delegation started its visit with a tour of the National Geology Museum, in Maputo, followed by a meeting with Mozambique Mineral Resources Minister Esperança Bias. Thereafter they toured the Port of Maputo, which is likely to handle Botswana’s 1st coal exports through the east-coast country.


That Botswana was interested in using Mozambique ports to export its coal 1st emerged in early ´09, when it was reported that Botswanan officials were studying the possibility. In particular, they were looking @using the Port of Matola, in Maputo province.

In ´11, the two countries signed a memo-randum of understanding(MoU), which, among other things, aimed @the construction of a deep-water port @Technobanine, in the Matutuine district of Maputo province. It also covered the construction of a 1.100 km railway line, linking the two countries. Reports state that this line will run through Zimbabwe.

Existing railways linking Botswana to the coast do not have the capacity to handle the likely future flow of coal from the landlocked country.

The total cost of the new port +railway has been estimated @$7.000.000.000, +the project will be a joint Botswana-Mozambique programme. In April, Mozambique Prime Minister Alberto Vaquina stated that his government was evaluating the concession regime for the construction of the port +railway. Last week, Bias assured the delegation from Gaborone that Mozambique was moving forward on the concession of a property in the Maputo port for the construction of a coal export terminal for Botswana. All that was required was for Gaborone to give the go-ahead for the project.

The other major topic of the bilateral talks was oil. There were several aspects to this theme. One was the development of cooperation between the two national oil companies, Botswana Oil +Petromoc. Another was the acquisition by Botswana of oil storage facilities on Mozambique’s coast for fuel destined for the landlocked country.

This fuel would be transported to Botswana using “alternative routes”, according to a Mozambique govern-ment source. A 3rd aspect of these talks was the possibility of the two countries jointly buying petroleum products in order to achieve economies of scale. These possible areas of cooperation regarding oil are also covered by the ´11 MoU.

The Botswana government currently estimates the country’s coal reserves @about 210.000.000.000 tons . @the moment, only one coal mine is operating +it exports its coal through Durban, in South Africa(as well as to South Africa itself). "

[Popeye82]

NSA surveillance covers 75 percent of U.S. Internet traffic: WSJ - FY/R/WSJ - Aug 21, 2013
http://news.yahoo.com/nsa-surveillance-covers-75-percent-u-i…

" The National Security Agency's surveillance network has the capacity to reach around 75 percent of all U.S. Internet communications in the hunt for foreign intelligence, the Wall Street Journal reported on Tuesday.


Citing current and former NSA officials, the newspaper said the 75 percent coverage is more of Americans' Internet communications than officials have publicly disclosed.

The Journal said the agency keeps the content of some emails sent between U.S. citizens and also filters domestic phone calls made over the Internet.

The NSA's filtering, carried out with telecom companies, looks for communications that either originate or end abroad, or are entirely foreign but happen to be passing through the United States, the paper said.

But officials told the Journal the system's broad reach makes it more likely that purely domestic communications will be incidentally intercepted and collected in the hunt for foreign ones.

In response to a request for comment, NSA said its intelligence mission "is centered on defeating foreign adversaries who aim to harm the country. We defend the United States from such threats while fiercely working to protect the privacy rights of U.S. persons.

"It's not either/or. It's both," NSA said in an email statement to Reuters.

The Journal said that these surveillance programs show the NSA can track almost anything that happens online, so long as it is covered by a broad court order, the Journal said.

Edward Snowden, a former NSA contractor, first disclosed details of secret U.S. programs to monitor Americans' telephone and Internet traffic earlier this summer.

(Reporting by Michael Erman; Editing by Philip Barbara) "

[Popeye82]

Underground coal gasification "holds promise –Sipho Nkosi" - MW/CMR, JOHANNESBURG - Aug 19, 2013
www.miningweekly.com/article/underground-coal-gasification-h…

"Underground coal gasification (UCG) holds promise as a future source of energy for South Africa, Exxaro CEO Sipho Nkosi said on Monday.


Nkosi, who hosted a media lunch, told Mining Weekly Online that many companies were investing in UCG, a process of converting coal into gas while it is still underground, or in situ. In some countries, like Canada, UCG is referred to as in situ coal gasification.

In both cases, the process makes use of deep, inaccessible coal that would otherwise remain unused in the ground and is seen as a way of reducing fatalities in coal mining and minimising environmental impact.

The potential is to use the synthetic gas (syngas) that the UCG process provides for the generation of electricity or the production of gas-to-liquids (GTL), chemicals and fertilisers.

There have been many UCG trials in the last few years in the US, Australia, South Africa, Canada and Europe, with a consequent step-change in UCG development towards commercialisation.

“It’s still work in progress,” Nkosi told Mining Weekly Online.

Exxaro, which has a UCG project, has teamed up with UCG technology provider Linc Energy of Australia, which already owns and operates a commercial UCG operation in Uzbekistan, which supplies syngas to the nearby Angren power station.

Eskom has been researching and developing UCG at Majuba for the last six years; Anglo American Thermal Coal has a project and former Sasol executives Johan Brand and Eliphus Monkoe are intent on going ahead with a UCG project in Theunissen, in the Free State.

UCG potential is also said to exist in Botswana, Mozambique and even Namibia.

Exxaro announced earlier this year that it had agreed to pay Linc Energy a A$20-million licence fee in return for the right to deploy the ASX-listed company’s UCG technologies across sub-Saharan Africa.

Formal agreements, subject to several conditions, also gave Linc the option to secure equity positions of up to 49% in all of Exxaro’s UCG projects.

Linc Energy will hold a minimum of 15% in the first project, which could combine power generation and GTL production.

The Linc tie-up opens the way for the start of detailed project work to monetise the perceived inherent value in this clean-coal technology.

The electricity-generating potential of the first plant would not be smaller than 200 MW. Any GTL facility would have a capacity of greater than 10 000 bbl/d.

The bankable feasibility study will be completed by mid-2015, with commissioning of the first gasifier scheduled for mid-2016, subject to regulatory and commercial viability.

Advances in horizontal and directional drilling allow coal seams to be accessed more efficiently, improved monitoring provides more accurate site measurement and better coal ignition technologies are enhancing UCG’s potential.

Detailed UCG legislation is being formulated in Canada’s Alberta province to accommodate the privately owned Swan Hills Synfuels demonstration project there.

It has also commissioned the world’s only combined GTL and UCG demonstration facility, in Queensland, Australia.

The agreement follows on from initial joint concept studies conducted over the past 18 months and will seek to blend Exxaro’s aspiration to pursue coal beneficiation with Linc Energy’s UCG know-how.

Exxaro, which is South Africa’s second-largest coal producer, with current production of 40-million tons a year, also has business interests in Botswana and the Republic of Congo. "

[Popeye82]

Gold price of $1.500/oz needed, to cover costs - MW/CMR, JOHANNESBURG - Aug 19, 2013

- M. Creamer -
www.miningweekly.com/article/gold-price-of-1-500oz-needed-to…

"The cost of producing an ounce of gold under the World Gold Council's new all-in cost metric is $1 500/oz, says Gold Fields CEO Nick Holland.

Holland, who addressed the Gordon Institute of Business Science last week, says that, with the gold price at $1 300/oz, the global gold industry is loss-making.


He says that the industry has been remiss for many years for failing to report what it really costs miners to produce an ounce of gold, a pound of copper and a ton of coal.

“We’ve got an industry that is actually going through cost escalations that are slowly driving it into the ground,” he adds.

Cost per ton rising 12% a year in the last five years means a doubling of costs every four years; simultaneously, yields are falling.

Exploration budgets are rising and mining companies are spending more to find less.

“Gold is becoming scarce and resources are becoming scarce,” says Holland.

Return on equity and return on capital employed have been in decline for the last three years in a row to 2012 and gearing ratios have rocketed as a result of troubled companies borrowing more money to keep existing operations afloat.

The top 40 mining companies are in serious financial trouble and operating cash flows are insufficient to cover investments.

The unprecedented drop of the HSBC global mining index, made up of 183 mining companies worldwide, clearly illustrates that investors are turning to other sectors and stretching mining's equity model to breaking point.

A lack of money translates into an absence of mining projects, which augurs badly for the future.

Multibillion-dollar projects are being delayed and cancelled the world over, existing operations are being cut back and there are weekly reports of mining companies downsizing and retrenching.

“The industry is in crisis and it’s under threat,” Holland says.

Although governments the world over are wanting more taxes and royalties from mines, there is very little for governments to take.

Investors are similarly stricken with only 10% for spread around from the $2-trillion revenue of the top 40 companies, which indicates that revenue from the first 27 working days of mining is going towards paying the bills and from the last three working days towards providing a return to investors.

The Dow Jones industrial index and the FTSE 100 index are both rising sharply as investors desert the sector and put their money elsewhere.

Platinum mining, which, with gold, employed up to three-quarters of the 500 000 people employed directly by the South African mining industry as a whole, was also under water. "

[Popeye82]

Zitat von Popeye82: Apollo Minerals - " "Large IOCGU "Target" " Supported by High Density Body", @Titan - Feb 26, 2013
http://srv15.netregistry.net/~apap5260/wp-content/uploads/20…



"Highly Anomalous Base & Precious Metals", @Acacia East - Mar 11, 2013
http://srv15.netregistry.net/~apap5260/wp-content/uploads/20…



SA Govt Funds Study of IOCG(U) Potential, @Titan Project - May 28, 2013
www.apollominerals.com.au/wp-content/uploads/2013/05/AON-201…



JV Discussions Underway, for Titan Base Metals Project; discussions are currently in "initial" stages, Apollo is "delighted @the level of interest shown inthe Titan Project, by "some of the world’slargest mining companies" " - Jul 3, 2013

+ Apollo has entered discussions "with a number of leading mining companies, on a potential JV for the Titan Base-Precious Metals Project, in South Australia

+ Results from recently completed drilling were "highly "encouraging", with iron, copper, gold, silver +cobalt mineralisation being intersected, @the Acacia East Prospect

+ Apollo’s targeted exploration results "continue to "validate the Company’s exploration model" +confirm the project’s "potential", to host a major deposit."

+ The Titan Project "hosts "a number" of high priority IOCG-U targets, from which Apollo is "seeking to discover a major deposit, "similar" to the nearby Prominent Hill +Olympic Dam projects"

+ The Company will provide updates on the progress of JV discussions in due course ...
www.apollominerals.com.au/wp-content/uploads/2013/07/AON-201…

"Multiple, Large-Scale IOCG Targets identified", @Bundi Prospect, Titan Base-Precious Metals Project - Aug 21, 2013

+ Large-scale IOCG targets identified, from extensive geophysics, including gravity, magnetics, electro-magnetics(EM), resistivity, seismic surveying +geochemistry

+ Detailed gravity survey @Bundi Prospect "confirms "multiple large-scale IOCG "targets" " ":

- Very large circular residual gravity anomaly, of up to 5mGal amplitude, identified

- Residual gravity anomaly " "compares very favourably" with other leading IOCGs", including Carrapateena, Prominent Hill +Olympic Dam

- Major target - ~35km2 –2-3 times larger than Carrapateena +4-5 times larger than Prominent Hill(Figure1)

- "Multiple pipe-style targets, comparable to the Carrapateena IOCG deposit, identified"

- Target depths range from 150m to 300m, below surface(Figure 2)



+ Pipe-style gravity targets +large-scale sub-vertical dykes "appear closely associated with major faults +structure"

+ Surface geochemistry immediately above gravity high is "strongly anomalous in IOCG pathfinder elements", including Fe, Cu, Au, Co, Se +Cl

+ Magnetic data " "suggests very large hydrothermal alteration system", with strong similarities to that seen @Carrapateena +Prominent Hill"(Figure 3)

+ Ground EM survey has "identified a conductor consistent with higher-grade sulphide development, within an IOCG system"

+ Reprocessed magnetotelluric +seismic data "highlight a conductive, mantle derived plume, associated with crustal penetrating regional faulting immediately below Bundi"(Figure 4) -as also seen below the Olympic Dam deposit

+ Follow-up high-powered induced polarization survey planned, to finalise drill targets

+ Heritage +approval processes for drilling are underway, with drilling "planned" , for Q4 ...
http://gallery.mailchimp.com/9f70e4bcddd7095275f9ce5e0/files…

[Popeye82]

Earth Overshoot Day: We Are Overstepping Nature’s Limits; Overshoot Day reminds us that we are using natural resources faster than the Earth can replenish them - WWF - Aug 20, 2013
http://worldwildlife.org/pages/today-is-earth-overshoot-day?…
http://worldwildlife.org/blogs/science-driven/posts/overshoo…
https://worldwildlife.org/blogs/on-balance/posts/balancing-a…
http://worldwildlife.org/initiatives/transforming-business

"In less than nine months, we have now used more natural resources than what it takes the planet 12 months to produce. For the remainder of 2013, we will be living on resources borrowed from future generations.


This year—Earth Overshoot Day—the approximate date human resource demands exceed nature's budget—fell on August 20. Two days earlier than last year. In fact, since 2001, Overshoot Day has moved ahead by an average of 3 days per year.

And by 2050, the global population is expected to reach 9 billion—only increasing pressure on Earth's natural resources. On this finite planet, we need to change the way we think about everything, but especially about where and how we live, work and travel, along with what and how much we consume.

Overshoot Day is a bold indication that now is the time to make a change. Small actions can make a big difference. We each play an important role in creating a world where we all live within our ecological limits. "

[Popeye82]

Antwort auf Beitrag Nr.: 45.295.497 von Popeye82 am 21.08.13 16:56:51

China Ecological Footprint Report ´12 - IOZ/GFN/IGSNRR/WWF/ZSL - ???

- Foreword

Three hundred years of industrial civilization has seen, as a major feature, a conquest of nature by humans. However, humans cannot survive or develop without nature and this growth pattern - which has sought economic development at the expense of environmental resources - is not sustainable. Human civilization can achieve its full potential for sustainable development only when we combine economic development with environmental protection and resource conservation.

As a country experiencing rapid industrialization and urbanization, China is facing severe environmental and resource challenges. At the same time, opportunities abound for taking a path towards green development and ecological progress. The Chinese government aims to transform China into a developed society that respects and conserves nature, while promoting environmentally friendly development. This implies supporting the establishment of sustainable
industrial structure, sustainable production patterns and sustainable lifestyles. Moreover, the Chinese government places high priority on making ecological progress and incorporating it into all aspects of economic, political, cultural, and social progress.

The Ecological Footprint is an effective tool for measuring human demand on natural resources. It can provide support to environmental and economic policymaking through quantifying the supply and demand of resources, and provide guidance in the overall development of an ecological civilization.

Following the publication of the 2008 and 2010 China Ecological Footprint Reports, WWF is once again collaborating with its technical partners to issue the third China Ecological Footprint Report. This report continues to explore the relationship between China’s Ecological Footprint and biocapacity, and analyses the forces driving environmental challenges. This iteration of the report introduces for the first time the Living Planet Index, which explores the changes in China’s biodiversity, and reflects the concept of leaving space for nature in the development process.

The sustainable management of natural resources and the building of a beautiful China are part of a long-term strategy for the Chinese government and the Chinese people. It is hoped that this report can inspire transformation of economic development mode in China, as well as supporting ecological progress.

Zhu Guangyao
Executive Vice President
China Ecological Civilization Research and Promotion Association


Planet Earth is our common home and the nature and natural resources that support us all are under more pressure than ever before. As one of the fastest growing economies, China is now facing the acute challenges of how to bring environmental and social perspectives into economic development as a whole.

Increasing consumption associated with economic growth and urbanisation place significant pressure on China’s vulnerable ecosystems. The per-capita ecological footprint of China has crossed the threshold that is considered sustainable. The patterns of production, consumption and development that China chooses today will deeply influence the future of the country and the wider world.

We need to make choices that facilitate the creation of a prosperous future, allowing people and nature to thrive within one planet. The Chinese government has already raised the concept of “Ecological Progress” which fits into the globally evolving concept of a “green economy” where wise consumption choices are made, resource efficiency is improved and natural capital is conserved. Governments, businesses and other stakeholders must work together to translate these concepts into concrete and achievable solutions.

As one of the world's leading conservation organizations that has served in this country for over 30 years, WWF is well placed and committed to support China in transitioning towards ecological progress and green development. With this report, we explore the opportunities and challenges for China to enhance its sustainable development capacity in an increasingly resource-constrained world – to help build a future where people live in harmony with nature.

James P. Leape
Director General
WWF International




Executive Summary

No matter how advanced our science and technology becomes, humans continue to depend on natural systems for food, water, energy, waste disposal, raw materials and many other functions. Unfortunately, since the 1970s, humans have been exploiting the Earth’s renewable resources at a faster rate than they can be regenerated. At present, we require one and a half Earths to sustain our demands and if we maintain our current lifestyle and consumption patterns, by 2030 we will need more than two Earths. Over-extraction of resources and poorly planned development have already resulted in stark ecological crises: shrinking areas of productive land, ecosystem degradation, decreased biological diversity, serious river pollution and fragmentation, and ocean acidification. We have only one planet and the time has come to transform our present lifestyle and consumption patterns in order to halt the degradation of the Earth’s natural capital, and to secure ecosystem services as the foundation for economic and social development.

The Ecological Footprint tracks humanity’s demand on the biosphere by comparing human consumption with the Earth’s regenerative capacity, or biocapacity. Similarly the Water Footprint can help identify whether water resources utilization in a given country or river basin is sustainable. Complementing these measures, the Living Planet Index, an indicator of global biodiversity, reflects the state of the planet’s ecosystems by tracking trends in populations of global vertebrates. Combining these measures provides an overview of the relationship between human activities, pressures exerted on the biosphere and the health of the planet.

This report is the third China Ecological Footprint Report and builds on previous reports to present China’s Ecological Footprint in a regional and global context, explore the global flow of biocapacity through trade, and look at changes that have taken place in the past 40 years. The China Ecological Footprint Report 2008 presented the latest developments in China around the study of the Ecological Footprint while the 2010 Report extended these results based on an improved methodology for the calculation of Ecological Footprint, and introduced the water footprint. This third edition has become yet more comprehensive, introducing the China Living Planet Index to explore the challenges faced in biodiversity conservation and further exploring the drivers behind China’s Ecological Footprint challenges. Finally, this edition presents a framework of pressures, responses and challenges and discusses the choices faced by China and opportunities presented by development of a green economy.


Chapter 1 Presents the complementary measures of Ecological Footprint, Water Footprint and Living Planet Index, to examine the demands being placed on China’s ecosystems in a global context.

- Since 1970s, human demand on the Earth’s resources has surpassed the planet’s regeneration capacity. In 2008, the global per capita Ecological Footprint was 2.7 global hectares (gha), exceeding the available per capital biocapacity of 1.8 gha by 50%. This means humans were using the equivalent of one and a half Earths to produce the resources needed to support our consumption and absorb associated emissions of CO

- China is supporting a population of unprecedented size which places pressure on vulnerable ecosystems. In 2008, the per capita Ecological Footprint in China was 2.1 gha or 80% of the global average. However, this has already exceeded the global sustainability threshold and is over two times the available per capita biocapacity in China. In view of its huge population, the total Ecological Footprint of China is the largest in the world.

- The Ecological Footprint and biocapacity are unevenly distributed across China. There is a notable difference between the per capita Ecological Footprint in eastern provinces and western provinces. Similarly, per capita biocapacity is higher in the provinces to the west of the Aihui- Tengchong population line and lower in the provinces to the east.

- In an increasingly interconnected global economy, China imports and exports large quantities of the biomass components of footprint as an active player in the global markets in timber, food and fibre products. Figures for imported and exported biomass goods are similar, and net imports represent just 3% of the food, fibre and timber consumed in China.

- In 2009, China's per capita Water Footprint was less than half of the global average. Despite this comparatively low water usage, China’s limited water resources are seriously stressed with particularly acute pressures along the Yellow River and the lower reaches of the Yangtze River basin.

- An exploration of China’s Living Planet Index indicates that the populations of more than 10 flagship and keystone species in China have undergone marked decline that was particularly severe between the 1960s and 1980s. Today, conservation efforts are bearing dividends and species such as the giant panda, which has been protected since early in this period, have seen slow but steady population recovery. Other species such as the Père David’s deer, which was reintroduced after the species was thought to be extinct in the wild, and the crested ibis are seeing rapid population increase following habitat conservation and introduction of strict monitoring techniques


Chapter 2 looks at the different forces that are driving biocapacity deficit in China.

- The magnitude of biocapacity deficit in a country or a region is measured as the difference between two variables: Ecological Footprint and biocapacity. In China the growth in total Ecological Footprint has outpaced growth in biocapacity. The driving forces of footprint growth have changed over time. Increasing individual consumption has been the dominant driver of footprint growth since 2003, while before 1978 population growth was the major driver. In 2008, nearly 40% of China’s total Ecological Footprint was accounted for by long term investments in infrastructure.

- Changing consumption patterns associated with increased affluence in China’s increasingly urban population have contributed to the increase in total Ecological Footprint. Carbon footprint has become the largest individual component of footprint in China and has seen the greatest increase, particularly in urban areas. At the same time, urbanization provides an opportunity to reduce individual footprints and associated pressures on ecological systems through measures such as public transport systems and large-scale recycling.


Chapter 3 Explores the steps that China could take towards a green economy and proposes a pathway to sustainable development in China based on the following five recommendations:

- Consume wisely: shift consumption patterns towards a sustainable, low footprint model.

- Produce better: promote the efficient use of resources and introduce the concept of low footprint into manufacturing and processing.

- Preserve natural capital: leave space for nature while maintaining and supporting biocapacity and meeting human needs.

- Redirect financial flows: promote green finance and investment, leverage financial resources to support conservation, sustainable resource management and innovation.

- Utilize institutional and market mechanisms to promote ecological progress. ...-
www.footprintnetwork.org/images/article_uploads/China_Ecolog…

[Popeye82]

Largo Resources - provides operational update; While Largo is pleased to inform investors that the majority of the system areas @the Maracás Project remain on track for commissioning, in the 4th Quarter of ´13, the Company hereby announces that a delay to the erection of the kiln has occurred, because of the need to recast four of the support rollers required for the kiln. Delayed delivery of the rollers has forced Largo to revise its final schedule for the mechanical completion of the kiln area, +therefore for full commissioning of the Maracás Vanadium Project by ~one month, to Feb ´14(The additional delay will include a 10 day holiday by contractors, over the Christmas period) - Aug 21, 2013
http://largo2012.q4web.com/Investors/Press-Releases/Press-Re…

[Popeye82]

Zitat von Popeye82: Regency Mines Plc - Grant of Agromineral Option - Jul 4, 2013

+ IMRAS has claims over phosphate +other licenses, in Sudan("Licenses")

+ previous work has "shown indications of large tonnages @good grades", with "potential for world class resources", @some of these locations

+ the Option gives Regency the opportunity to conduct due diligence inquiries +is to be exercised by 17th Jul ´12

+ should Regency exercise the Option, it will acquire 26% of IMRAS @a price in cash or shares of $500.000. The shares are to be issued @the market price, prevailing on the day of exercise.

+ a further right will then exist whereby Regency could raise its ownership of IMRAS to 51%, @a price of $2.500.000 after establishing two JORC, or comparable, Resources on the Licenses

+ a due diligence team is expected to leave for Khartoum, this week



IMRAS claims rights over the following exploration licenses in Sudan:

1) Abo Hashem(phosphate +associated minerals)

A cretaceous basin/sub-basin north-west of Khartoum with reported potential P2O5 grades "up to" 20% +an "exploration target" of 3.500.000.000 tons or more of P2O5, for which the comparator is the Saudi Al Jalamid Phosphate deposit.

2) Kurun(phosphate)

A cretaceous basin/sub-basin south of Khartoum with reported potential P2O5 grades "up to" 25% +an "exploration target" of "up to" 120.000.000 tons of P2O5, for which the comparator is the Jordanian Russeifa Phosphate mine.

3) Sabaloka(potassium oxide)

North of Khartoum, with unknown grade, but 300 "reported occurrences", +a "conceptual target", of 160.000.000 tons.

4) Um Kaddada(potassium nitrite)

Southwest of Khartoum, with unknown grade or geological detail.

5) Red Sea Gypsum(gypsum)

An evaporite system northeast of Khartoum +70 km from Port Sudan with good potential access +unknown grade or scale. ...
www.regency-mines.com/themes/RegencyMinesTheme/scripts/php/r…



Additions to Agrominerals License Areas - Apr 13, 2013

+ Increased Red Sea concession, by 600km2 in the North

+ Added 26.000km2 area to north of Jebel Abyed, +dropped some less prospective zones

+ Further "geological correlation" south along the Red Sea rift system into Ethiopia " "indicates" a potential association with the Danakil potash deposit", owned +operated by the Allana Potash Corporation

+ "Strengthened working relationships", with related parties ...
www.regency-mines.com/themes/RegencyMinesTheme/scripts/php/r…
www.rns-pdf.londonstockexchange.com/rns/2875C_-2013-4-12.pdf
www.rns-pdf.londonstockexchange.com/rns/2875C_1-2013-4-12.pd…

Update on the Red Sea Concession, Sudan - Aug 5, 2013

+ 6 gypsum targets identified, @surface, with "combined "exploration target" potential tonnage estimates" of 16.000.000 - 808.000.000 tonnes* of gypsum.

+ "Evidence of potassium-rich evaporites(potash) discovered in historic borehole logs", proximal to the Red Sea concession area.

+ "Area Of Interest", prospective for potash, identified in the south of the concession area.

+ Further exploration fieldwork planning underway, to define a "potential potash "exploration target" ", +further delineate identified gypsum targets. ...
www.regency-mines.com/themes/RegencyMinesTheme/scripts/php/r…
www.rns-pdf.londonstockexchange.com/rns/9340K_-2013-8-5.pdf
www.rns-pdf.londonstockexchange.com/rns/9340K_1-2013-8-5.pdf

[Popeye82]

Pacific Energy - (Another)Record Earnings, +Maiden Cash Dividend for Pacific Energy - Aug 22, 2013
www.stocknessmonster.com/news-item?S=PEA&E=ASX&N=646345

[Popeye82]

Rampart Energy - "Multi billion Barrel Resource" - Aug 22, 2013

+ Rampart-Royale acreage hosts between 800.000.000 barrels +9.500.000.000 barrels of "original oil in place"(‘OOIP’);

+ "Prospective Resource" determined by independent analyses for the shale targets in the areas, to be explored by Rampart within the North Slope of Alaska;

+ NSAI have completed a "Prospective Resource assessment" for the "unconventional shale oil potential" only, @this time;

+ "Conventional prospectivity" still being assessed;

+ "Expected to add material upside to the resource", being explored by Rampart +Royale;

+ Additional Block resource to be assessed, following completion of this report;

+ Final agreement with seismic contractor expected soon; ...
www.stocknessmonster.com/news-item?S=RTD&E=ASX&N=750973

[Popeye82]

Majestic Gold - SRK Delivers Updated Preliminary Economic Assessment, for Song Jiagou Gold Project - Jul 8, 2013
www.majesticgold.net/pdf/news/current/nr20130708.pdf

[Popeye82]

"World in 2050", The BRICs +beyond: "prospects, challenges +opportunities" - PwC - Jan13
www.pwc.com/en_GX/gx/world-2050/assets/pwc-world-in-2050-rep…

[Popeye82]

China: "Growing pains, for a growing power" - RBCGAM/BTI - Aug 12, 2013
www.btinvest.com.sg/system/assets/18421/RBC%20GAM%20research…

[Popeye82]

China credit concerns; The rapid pace of China credit growth, increasingly sourced from the more risky +less transparent “shadow banking” sector, has become Top of Mind. In our view, corporate credit risk warrants concern, but is unlikely to trigger an imminent banking crisis. But some seem more worried. We interview Charlene Chu, who covers Chinese banks for Fitch +"believes there could “absolutely” be a negative surprise in ´13" - GS/BTI - Aug 5, 2013
www.btinvest.com.sg/system/assets/18401/CN%20Credit%202013%2…

[Popeye82]

Asia-Pacific Transport Sector - CS/BTI - Aug 19, 2013
www.btinvest.com.sg/system/assets/18741/Credit%20Suisse%20Eq…

[Popeye82]

Asean agri-commodities: "A stock picker's market" - JPM - Jun 6, 2013

- Companies mentioned: First Resources, Genting Plantations, BW Plantation, Sime Darby Berhad, Astra Agro Lestari, Kuala Lumpur Kepong, Golden-Agri Resources, Felda Global Ventures, London Sumatra Indon, Salim Ivomas Pratama, Indofood Agri Resources, IOI Corporation, Mewah International, Wilmar International, Noble Group +Olam International ...-
www.btinvest.com.sg/system/assets/15008/Commodities%20trader…

[Popeye82]

"What if commodities weakness continues?"; Commodity prices recently stabilised, but the latest weak global economic data "raise a question mark over the path of commodity prices +the terms of "trade effect on different emerging market economies" ". We identify Venezuela, Chile, Russia, South Africa +Malaysia as "having a high growth vulnerability to a negative term of trade shift, resulting from soft commodity prices", +"those that would benefit from softer prices"(Turkey) - B - Apr 25, 2013
www.btinvest.com.sg/system/assets/13531/Barclays_EM_Apr2013.…

[Popeye82]

Mining &Resources Quarterly - Jun13
http://img.moneyam.com/mrq/mrq.pdf

[Popeye82]

True Gold Mining - Exploration Program Identifies Widespread Near-Surface Gold, @Liguidi; 23/24 RC drill holes return mineralization; gold-in-soil anomaly expands, to 17 kilometres - Aug 22, 2013
www.truegoldmining.com/sites/default/files/NEWS_RELEASE_13-0…

[Popeye82]

Guestlogix - &Air Canada, "named “Best Airline in North America” for the 4th consecutive year in a worldwide survey of >18.000.000 airline passengers", Sign "Multi-Year Agreement", to Support Growing Inflight Entertainment Offerings Across Expanding Fleet; Onboard Retail Technology Leader to Provide IFE Payment Processing Service, to Facilitate Congruent Entertainment Experience for Canada’s Largest Airline - Aug 22, 2013
http://guestlogix.com/pr/pr_08-22-13.html

[Popeye82]

Mining finance drops 56%, in June quarter - MW/IRMG, JOHANNESBURG - Aug 19, 2013
www.miningreview.com/node/22562

"Despite an extremely challenging first quarter, the mining finance environment became even more difficult in the three months to the end of June. Falling metals prices, nervous bankers and risk-averse investors all contributed to a slump in funds raised in the mining sector.


Only US$2.28 billion was received in the three months to the end of June, compared with US$5.16 billion in the March quarter and US$6.12 billion in the second quarter of 2012.

According to the latest “State of the Market: Mining and Finance” report from IntierraRMG, the industry is now facing a severe capital drought and concerning levels of debt. The Australian Stock Exchange (ASX) saw a slump in mining financing from US$1.41 billion in the March quarter to just US$0.45 billion in the quarter just ended.

The Toronto Stock Exchange and TSX-Venture did only marginally less business than in the March quarter (US$1.09 billion, compared with US$1.22 billion). The London Stock Exchange was the only major stock exchange not to report lower financing for mining companies (US$0.50 billion, compared with the historically very low US$0.20 billion previously).

As IntierraRMG editorial director, Chris Hinde explains: “At the corporate level, almost the entire drop in financing has been felt by the largest companies. The 555 companies monitored by the IntierraLive mining database that had an end-June market capitalisation of over US$100 million raised just US$1.43 billion in the June quarter, compared with US$4.08 billion in the three months to the end of March.”

This fall of almost 65% among the largest companies landed hardest, not surprisingly, on the producers (with financing dropping from US$3.71 billion to US$1.24 billion). Funding by exploration companies fell 28% to US$1.04 billion.

Hinde concludes: “Cash holdings for the junior companies are now at critical levels (with overall cash balances of under US$10 billion for explorers). Many of the smaller companies will be unlikely to survive until the end of this year unless there is a dramatic reversal of fortune.” "

[Popeye82]

Microvision - Pioneer’s 2013 CYBER NAVI Uses MicroVision Technology "to Project Augmented Reality"; "Groundbreaking CYBER NAVI Car Navigation System" now with updated features +"one of the 1st to use direct green lasers" - Aug 15, 2013
http://phx.corporate-ir.net/phoenix.zhtml?c=114723&p=irol-ne…

[Popeye82]

East Africa’s 1st oil exports/Kenya signs infrastructure, energy deals worth $5.000.000.000, with China - MR/T.org/R/BB, NAIROBI - Aug 20, 2013
www.miningreview.com/node/22573
www.trust.org/item/20130819172512-7u1kr

"Kenya is headed to become the first oil exporter in East Africa, moving in less than five years from being a have-not nation to becoming the regional leader in cutting reliance on foreign energy suppliers such Royal Dutch Shell Plc.

After Tullow Oil plc discovered oil last year, Kenya is set to start shipments in 2016, overtaking neighbouring Uganda, where Tullow found crude more than seven years ago, reports Bloomberg News.

The U.K. explorer plans to start pumping in Kenya as soon as next year, chief operating officer Paul McDade said in an interview. Kenya’s deposits may top 10 billion barrels, according to the company, more than three times the U.K.’s remaining reserves.

Exports will underpin Kenya’s shilling currency and are being pushed by a government that wants a lead on Uganda and Democratic Republic of Congo, whose East African resources in recent years attracted explorers such as China’s Cnooc Limited and France’s Total SA. Most oil companies traditionally had focused on the African powerhouses of Nigeria and Angola to the west, and Libya and Egypt on the Mediterranean.

“Oil will allow Kenya to diversify export earnings and act as a catalyst for infrastructural spending, especially on the transport network,” said Phumulele Mbiyo ‒ regional head of macroeconomic research at Nairobi-based CfC Stanbic Bank Limited, a unit of Standard Bank Group Limited. “The shilling is expected to benefit from inflows of foreign exchange and reduced spending on fuel imports.”

Kenya imports all its fuel, almost 80,000 barrels of oil a day, at a cost of more than US$8 million a day, according to U.S. government data. It relies on exports such as coffee and tea to support the balance of trade in a US$37 billion economy.

Tullow estimates that it has found more than 300 million barrels of oil equivalent resources, after making three discoveries in Kenya’s South Lokichar Basin. In February, Twiga became the first well in Kenya to produce oil at a commercially viable rate and has the potential produce 5,000 barrels a day.

Vivo Energy, a Shell joint venture with Vitol Group, as well as Total and KenolKobil Limited, are the biggest suppliers of crude and petroleum products to the nation.

The discoveries have been made in the remote and underdeveloped Turkana region in the north-western part of Kenya’s Rift Valley. Shipments will initially be made by truck or train for refining in Mombasa or exports. Once more fields are discovered and developed a pipeline can be built.

Kenya oil exports are “a very bullish idea, because Turkana is one of the least developed parts of Kenya,” Clare Allenson, an analyst at Eurasia Group, said in a phone interview. “This is definitely worth watching to see how it will progress.”

Tullow and partner Africa Oil Corporation plan to spend at least a year exploring for further deposits. They have two drilling rigs in Kenya and expect to secure one more later this year.
The Kenyan government wants things to go faster.

“They are not drilling enough wells,” Kenyan Petroleum Commissioner Martin Heya said in phone interview from Nairobi. “Uganda drilled a long time ago, but it’s possible that we can produce earlier than anybody else. We shall be happy.”

Tullow is facing delays in Uganda, where the government and oil companies are negotiating the terms of production after 1.7 billion barrels of oil were discovered. Oil from landlocked Uganda will eventually be exported through Kenya.

Ugandan President Yoweri Museveni’s government has delayed the US$10 billion investment planned by Tullow and its partners, Total and Cnooc, to tap the Lake Albert fields. The sides need to agree on the size of a local refinery and an export pipeline, which is likely to cross Kenya in 2018.

“Uganda missed the bat and Kenya will become the oil-sector hub,” John Small, the CEO of the Eastern Africa Association, said in an interview. “It only makes real commercial sense to cooperate and have a linked pipeline network” in the region.

In Kenya, Tullow and Africa Oil still have to submit their field development plan to the Kenyan government. Eventually, a pipeline will be built from the fields to a terminal on the Indian Ocean coast, McDade said.

“For the Kenyan economy it’s going to be a major step forward,” Africa Oil CEO Keith Hill said in a phone interview. “Once the export pipeline is completed they will have a significant influx of capital coming in from oil export revenues.” "



"Kenya signed deals worth $5 billion with China on Monday to construct a railway line and an energy project, deepening ties with the Asian country keen to expand investment in Africa.

The cash would be spent on energy projects, a standard gauge railway linking the port of Mombasa in east Africa's biggest economy to its border town of Malaba, meant to provide faster access from Kenya's port to markets in the region, the presidency's media service said in a statement on Monday.

The rest would be used to improve wildlife protection, in a country where well armed criminal gangs have killed elephants for tusks and rhinos for their horns that are often shipped mainly to China for use in ornaments and medicines.

It was not specified whether the cash was a loan or grant, or whether this was all new money or part of a previously negotiated but unannounced package.

The deals were agreed in Beijing after talks by Kenya's new President Uhuru Kenyatta and President Xi Jinping. Kenyatta is on a state visit to China scheduled from Sunday to Friday.

During his first visit to Africa in March, Xi pledged to help the continent develop, responding to concerns that China is only interested in shipping out the continent's raw materials.

China is already key player in Kenya, constructing capital-intensive flagship projects, mostly roads.

Kenyatta's visit follows a promise he made during the presidential election campaigns preceding the March 4 vote.

He vowed to work closely with China following comments by United States, Britain and some European officials who said they would limit contacts with Kenyatta should he win owing to his indictment for crimes against humanity at The Hague.

Kenyatta and his deputy William Ruto both face trial at the International Criminal Court for helping orchestrate the bloodshed that followed the disputed 2007 election. They both deny the accusations, and pledged to clear their names.

On Monday, Xi said China supports Kenya's quest for industrialization and plans to host a clearing house for the Chinese renminbi currency in Nairobi, as part of Kenya's plans to become an international financial hub.

Kenyatta urged China to invest in Kenya's newly discovered oil sector, power generation, a technology city near the capital city and a new port in Lamu, north of Mombasa.

The $25.5 billion Lamu project would link landlocked South Sudan and Ethiopia to the Indian Ocean port of Lamu by constructing a major highway, a railway and an oil pipeline. (Writing by James Macharia; editing by Ron Askew) "

[Popeye82]

BoCom 2nd-quarter profit beats expectations - CER/BB - Aug 22, 2013
www.chinaeconomicreview.com/node/64437

"China's Bank of Communications (3328.HKG, 601328.SHA), the nation's fifth-largest lender by market value, reported a 13% net increase of second-quarter profit thanks to a surge in fee income, Bloomberg reported.

The bank's earnings beat analysts' expectations. Net income climbed to RMB17.1 billion (US$2.8 billion) from RMB15.2 billion (US$2.5 billion) a year earlier, based on figures the bank announced Wednesday. BoCom's net income exceeded the RMB16.6 billion median estimate of 10 analysts surveyed by Bloomberg News. BoCom’s fee income from services such as selling wealth management products, credit cards and insurance jumped 30% to RMB7 billion. "

[Popeye82]

China to join G20, on global tax evasion crackdown - CER/R/OECD - Aug 22, 2013
www.chinaeconomicreview.com/node/64435

"China is set join the world's 20 leading economies (G20) in a front to battle global tax evasion, Reuters reported, citing global economic policy forum Organisation for Economic Cooperation and Development (OECD).

The country’s tax commissioner Wang Jun will sign the convention on Mutual Administrative Assistance in Tax Matters next week, the OECD said Wednesday. China’s decision to sign means that all G20 countries have now agreed to cooperate on tax avoidance. This comes amid Beijing’s increasingly hard line campaign against corruption, which has seen the arrest of a number of public officials on bribery charges, the ban of elaborate dinners and investigations into corporate activities. "

[Popeye82]

Americas Petrogas - Completes Independent Evaluation of Its "Unconventional Shale Hydrocarbon Resources", in Argentina: Estimated 56.100.000.000 Barrels of Oil Equivalent("BOE") "Initially in Place" +8.300.000.000 BOE Recoverable - Aug 22, 2013

"Highlights"

+ Americas Petrogas, in the blocks evaluated, holds a total of 1.580.822 gross acres, or 1.221.803 net acres on the (a) Los Toldos I, II, III +IV blocks(73.581 net acres); (b) Huacalera block(97.390 net acres); (c) Totoral, Yerba Buena +Bajada Colorada blocks("Southern Concessions") (1.020.728 net acres); +(d) Loma Ranqueles block(30.104 net acres).

+ The independent resource evaluation was focused on the following geological formations: Vaca Muerta shale, Agrio shale +Los Molles shale.

+ The evaluation was based on complete data from the Company's five new exploratory wells drilled in the areas(100% exploration success) +from >twenty historical industry wells that penetrated the shales. Four/five new shale wells have already been tested +the 5th will be tested in the near future. Data used included well electric logs, mud logs, full cores, side wall cores, rock sample analysis, geomechanical data, geochemistry studies, 3D +2D Seismic +other data from Americas Petrogas' blocks, plus important data from nearby blocks in close proximity.

+ The following are the most relevant results of this independent evaluation completed by Ryder Scott for Americas Petrogas' nine blocks that are part of this study:

- "Best Case P50 total petroleum initially in place("TPIIP")": 56.100.000.000 BOE, including,

- "Best Case P50 Undiscovered PIIP("UPIIP")" of 55.200.000.000 BOE
- "Best Case P50 Discovered PIIP("DPIIP")" 925.000.000 BOE


- "Best Case P50 total petroleum recoverable": 8.300.000.000 BOE, including,

- "Best Case P50 contingent recoverable resources" of 21.000.000 BOE
- "Best Case P50 prospective recoverable resources" of 8.290.000.000 BOE ...
www.marketwire.com/press-release/americas-petrogas-completes…

[Popeye82]

After cost cuts -miners "need to do more, with less" , BHP says - MW/R, LONDON - Aug 22, 2013
www.miningweekly.com/article/after-cost-cuts-miners-need-to-…

"Mining firms are wooing investors with aggressive cuts after years of profligate spending, but BHP Billiton says the greater challenge will be improving productivity, if major producers are to ride an eventual recovery.

BHP, Rio Tinto and others big and small have promised shareholders they will slash billions of dollars of spending, shedding jobs, reining in wages and cutting back on fringe costs, such as staff travel.


Rio says it tells employees in its iron-ore unit to use low-cost airlines or teleconferencing - a far cry from a time when chartering flights to remote mines were the norm and tales abounded of truck drivers on six-figure annual dollar salaries.

But that was the easy bit , the CFO of BHP Billiton, the world's largest miner, told Reuters.

"When you talk about costs there are two elements. One is how you tighten your belt and make the easy changes," said Graham Kerr, a BHP veteran put in charge of finance last year.

"The second is productivity," he said in an interview. "Getting more out of your existing people, your equipment and your infrastructure. Productivity will deliver more benefits over time, but takes a little more time to be done."

BHP said this week alongside its report on annual earnings that it had cut $2.7 billion of "controllable" costs - new exploration projects, for example, but not fuel for existing operations. That figure amounts to a reduction of roughly 7% in spending per tonne of copper equivalent production.

The saving - $2.2-billion at the operating level - helped offset an $8.9-billion hit to operating profit caused by lower prices for BHP's products.

The bulk of the saving came from cutting back on exploration and development - $1.5-billion out of the $2.7-billion - a decision Kerr is confident carries little risk for the future.

BHP has already been pulling out of regions where mining has been developed only recently, including parts of west Africa, and it has been concentrating instead on its core deposits. Exploration is now focused on copper, with no spending planned on new, greenfield projects seeking other minerals.

"We don't need more iron ore, more energy coal, more nickel," Kerr said. "We have our resources in the right location and we understand them very well."

Analysts tend to agree the large miners have enough to work on and can afford to slow the search for new deposits, cutting one area - exploration - that does not affect current production and where, arguably, they can make up lost time later.

Since smaller firms are struggling to raise cash to develop new mines, the risks of losing out on a major find are also smaller now.

"The view taken now is no one else is exploring the gaps you are pulling out of," said one London-based industry adviser who spoke on condition of anonymity. "You are not necessarily missing out on the next big opportunity."

And the big miners have enough to work on for now. "Rio has enough in their larder anyway for the next 10 years, 20 years ," said analyst Paul Gait at Sanford Bernstein in London.


PRODUCTIVITY

Having cut costs, BHP's Kerr said, the challenge now is to get more out of existing assets - and this at a time when many miners are finding ore grades falling, particularly in copper.

BHP plans to spend over $16-billion in 2014 on growth, maintenance and exploration - below 2013 and less than initially planned but still a very large share of the $18.2-billion it generated in net operating cash flow in the year to June.

For some other miners, the drive for efficiency can mean organisational shifts - the simplification of Anglo American's divisional structure, for example. And for all, it has meant a focus on new technology - BHP's new chief executive has compared it to Formula One's search for constant improvement .

But for most now, it will mean improving what they get from their existing mines, to permit increased output that can offset lower prices - and make the most of any future surge in demand.

BHP, Kerr said, has improved its comparison of performance between sites and has, for example, made truck use at Goonyella, its Australian coking coal mine, 25% more efficient.

He also highlighted improvements at Escondida in Chile, the world's largest copper mine, which has increased volumes going through a concentrator - though BHP was also fortunate to strike higher-grade ores at the site during the financial year to June.

And in due course, BHP believes, world demand will improve.

"As some of our peers reduce capex, stop projects, stop growth, demand is going to continue to grow in China and we are well positioned to feed that demand," Kerr said.

"I see upside for us." "

[Popeye82]

China bans second New Zealand dairy product - CER/R - Aug 20, 2013
www.chinaeconomicreview.com/node/64426

"China halted imports of another New Zealand milk product Monday after tests showed it contained excessive levels of nitrates, further jeopardizing the reputation of the world's largest diary exporter, Reuters reported.

New Zealand's agricultural regulator said it has revoked export certificates for four China-bound consignments of lactoferrin manufactured by Westland Milk Products after higher-than-acceptable nitrate levels were found by tests in China. The incident comes just weeks after another New Zealand dairy giant Fonterra said some of its dairy ingredients were contaminated with a botulism-causing bacteria. "

[Popeye82]

"Big economic, jobs benefits possible, from "enhanced mining-manufacturing interface" " - MW - Aug 22, 2013

- T. Creamer -
www.miningweekly.com/article/big-economic-jobs-benefits-poss…

" An enhanced interface between mining and manufacturing could have major economic and employment spin-offs for South Africa and Africa, separate research by the Industrial Development Corporation (IDC) and the United Nations Economic Commission (UNECA) for Africa shows. However, several structural and policy constraints would have to be overcome for this interface to be fully exploited.


IDC head of research and information Jorge Maia reported on Thursday that the combined contribution of mining and manufacturing to South Africa’s gross domestic product (GDP) had declined in nominal terms from 28.2% in 1994 to 21.7% by 2012.

However, speaking as a conference co-organised by African National Congress (ANC) Member of Parliament Professor Ben Turok, who was also commissioned by the UNECA to lead a study on the potential for minerals value addition in ten African countries, Maia stressed that the mining sector remained of vital importance to the South African economy.

He said the decline in the combined contribution of mining and manufacturing was attributable mainly to the reduced share of manufacturing, whose contribution fell from over 20% to 12.4% over the same period.

Mining’s direct GDP contribution was R264-billion in 2012 – a contribution that rose to R536-billion when the sector’s indirect and induced impact was included. It also employed 524 000 people directly, while indirect and induced employment flowing from mining was estimated at 1.35-million.

The sector’s demand for intermediate inputs had also increased, in real terms, from R129-billion in 1992 to R169-billion last year, despite the fact that domestic sourcing as a percentage of total demand had declined from 85% in 1992 to 81% by 2012.

However, Maia also showed that the share of domestically manufactured goods as intermediate inputs for the mining sector had declined sharply over the period, from 50% to 31%. The fall was felt most severely in the area of machinery and equipment purchases, where the import-penetration ratio had been rising steeply, amounting to 56% in 2012. By contrast, the share taken by services-related activities had risen substantially over the same period.

Nevertheless, the mining sector remained a key source of demand for manufacturing subsectors such as rubber products, machinery, transport equipment and wood products.

Therefore, Maia argued that there was potential for the manufacturing industry to recapture market share lost to imports, which, in turn, could bolster economies of scale production, sub-sector competitiveness and potentially increase export propensity.

He saw particular potential in increasing capital equipment exports to the rest of Africa, where non-electrical machinery already made up nearly 15% of South Africa’s prevailing export basket to the rest of the continent.

This point was supported by Chamber of Mines economist Roger Baxter, who said work was under way with the Department of Trade and Industry to analyse ways to raise local-content levels within the supply-chains of domestic mining companies.

It is understood that discussions are also under way to assess whether mining companies could replicate the Competitive Supplier Development Programme, which is employed by South Africa’s State-owned companies to raise the level of localisation in their procurement programmes.

However, Baxter is less convinced by some of the other strategies being pursued by government, designed to increase beneficiation of minerals ahead of export, especially suggestions that commodities be sold to domestic processors at subsidised or ‘developmental’ prices.

However, the UNECA’s Dr Adam Elhiraika argued that industrialisation based on commodities was an “imperative”, as African countries were growing well below potential, owing to the fact that they were exporting unprocessed commodities.

Elhiraika added that the recent commodity price boom had increased commodity-dependence in Africa, which made the continent vulnerable to future price slumps.

Therefore, the Economic Report on Africa 2013, which was compiled by UNECA and the African Union, urged African governments to adopt a nine-point framework to improve the linkages between resources sectors and domestic industry.

The points included: adopting a coherent policy framework; creating institutional industrial policy mechanisms; developing local-content policies; raising lead firm procurement, sourcing and processing; running supply-chain development programmes among major commodity firms; boosting local skills and technologies; negotiating regional trade agreements and fostering intra-African trade; addressing infrastructure bottlenecks; and coordinating Ministries to improve implementation.

The IDC also saw virtue in increasing domestic minerals value-addition, including for miners, which would be less vulnerable to demand trends in key export markets if demand by domestic manufacturing sub-sectors increased for mining sector products.

However, economic diversification in South Africa and the rest of Africa was also being constrained by small domestic markets and the shortage of skills.

For instance, Eunomix MD Claude Baissac argued that it was difficult for most African countries to justify downstream investments, owing to the absence of substantial domestic markets and/or a lack of regional integration networks that might create such markets. He added that African countries were also often competing for beneficiation projects rather than cooperating to create the conditions to support such downstream activities.

Meanwhile Dr Paul Jourdan, who participated in the drafting of the ANC’s State Intervention in the Minerals Sector policy document, which was adopted last year, stressed the need for “knowledge linkages” to avoid becoming trapped in a “commodity curse”.

“In our research, we found that the most important driver for those countries that managed to avoid becoming trapped in resources . . . were the knowledge linkages. With no exception, the only countries that made it were those that built the knowledge linkages, which relates to technology capacity and science, engineering and technology skills,” Jourdan said. "

[Popeye82]

CSIR "in bid to develop technologies, to mine ‘too thin’ seams" - MW - Jul 19, 2013

- Leandi Kolver/M. Zhuwakinyu -
www.miningweekly.com/article/small-robotic-mining-team-being…

"South African mining’s labour-intensive nature has had a negative effect on its gold mines as stopes had to be large enough to accommodate people, which made it uneconomical to pursue narrow gold reefs of limited grade, Council for Scientific and Industrial Research (CSIR) Centre for Mining Innovation strategic research manager Dr Declan Vogt said at the Geological Society of South Africa’s Geoforum, held in Johannesburg earlier this month.


Orebodies in South Africa were becoming deeper and more challenging to mine; how- ever, there still were enormous resources available, Vogt said, adding that, according to one estimate, 20 000 t of gold still remained in the Witwatersrand in seams that were too thin to mine economically using current methods.

“In addition, more than half of that gold is readily accessible from existing developments, if it can be mined at low stoping heights,” he said.

With a vision of moving South Africa towards narrow-stope mining, the CSIR was developing what Vogt referred to as a small robotic mining team.

“The CSIR is pursuing a range of small mining equipment to mine stopes that are too small for people to access. We have developed the first machine in our roadmap to autonomous mining as a mine safety platform for entry examination,” Vogt said.

The initial platform devel- oped by the CSIR had a robust construction for use in stopes at a dip of up to 30º and the intelligence to find its way along safe paths and perform tasks as instructed, and sensors to map the excavation while it estimates the condition of the hanging wall, he explained.

“The technology now exists to expand the initial platform to offer other useful data- collection services, including surveying and sampling, or to adapt it for use in rescue situations,” he added.

According to the CSIR technology roadmap for robotic autonomous mining, the development of the robot mining team would be com- plete by 2017/18.
Meanwhile, during his presentation at the Geoforum, Vogt also pointed out seven distinct characteristics of mines of the future , as iden- tified by Swedish company the Rock Tech Centre, which included increased mechanisation and reduced waste products.

He stated that future mines would have one control room that would process rock, machines and personnel information through a finely tuned process. In addition, no humans would be present in the production areas, with all processes being remote-controlled or automated, and maintenance done in safe areas.

Excavation will be mecha- nical, which will result in moving away from “the struc- ture of drilling and blasting” for continuous excavation.

“There will be some level of preconcentration, with barren rock being separated underground and only the ore coming to the surface. The mineralogy will not only be characterised as the product is mined but will also be tracked from the rock face to the plant, which will enable a company to optimise its plant based on this information,” he said.

Future mines will have excellent structural control, which would give the mining company an understanding of how the geology across the mine works before mining is starts.

“The final product from these future mines would have zero emissions, which would, in effect, mean that the waste rock also becomes ore with a specific use,” he said. "

[Popeye82]

Everbright stumbles, on another trading mishap - CER/WSJ - Aug 20, 2013
www.chinaeconomicreview.com/node/64423

"State-controlled brokerage Everbright Securities (601788.SHA) resumed trading Monday after a trading error only to misprice a US$1.6 million (RMB 10 million) bond sale, The Wall Street Journal reported.

The firm said it sold the government bonds at too high a yield and is working with its counterparty on the deal. Though the amount is relatively small, this immediately follows the beleaguered firm’s disastrous electronic trading error Friday which sent China’s stocks roiling and resulted in regulatory penalties. Shares in most brokerages fell Monday in the Shanghai stock market on fears that the China Securities Regulatory Commission could introduce tougher controls to limit operational risk. "

[Popeye82]

Brics business leaders to offer counsel on new bank, future trade paradigm - MW/CMR - Aug 19, 2013

- T. Creamer -
www.miningweekly.com/article/brics-business-leaders-to-offer…

" Business leaders from Brazil, Russia, India, China and South Africa (Brics) have converged in Johannesburg for their first formal face-to-face meeting, following the establishment of the Brics Business Council at the fifth summit of the emerging-market bloc in Durban earlier this year.

The five-a-side meeting will seek to enhance and influence the agenda of the sixth government-to-government Brics Summit, which will be hosted by Brazil in early 2014.


The chairperson of the South African component of the council, Patrice Motsepe, will also chair the inaugural Brics Business Council – the four other members of the South African component include Business Unity South Africa CEO Nomaxabiso Majokweni, Zungu Investment Company executive chairman Sandile Zungu, Sekunjalo Investments CEO Dr Iqbal Surve and Transnet CEO Brian Molefe.

Motsepe says the gathering, which will be addressed by President Jacob Zuma, will follow up the issues raised in Durban, including how business in the five countries can support the creation of a Brics-led development bank. It will also deliberate on ways to improve the quality of the trade and investment relations within the bloc, which are still characterised as much by competition as by cooperation.

South Africa is particularly keen to galvanise support for an envisaged overhaul of prevailing trade and investment ties between Brics countries and Africa. Relations are currently premised on African countries exporting primary products to the rest of the Brics, especially China, and importing finished products in return. Likewise, investments by Brics firms are generally directed towards natural resources, or the infrastructure required for the export of those resources.

South Africa’s Trade and Industry Minister, Dr Rob Davies, describes the current pattern as unsustainable, arguing that it needs to be replaced by a more balanced and symbiotic relationship.

From South Africa's perspective, that would entail greater value addition to African minerals and agricultural products ahead of export, backed by co-investment by Brics companies into the productive assets and the infrastructure required to facilitate such diversification.

Davies says the five governments have committed to promoting trade in value-added products and improving investment relations and that he is looking forward to interacting with the business leaders on how this objective could be achieved. In parallel, the Brics Trade Ministers, though the Contact Group on Economic and Trade Issues, are studying how to promote trade in value-added products and officials are due to meet on the issue again in November.

South Africa also remained a strong backer of the development bank proposal, which the Brics Finance Ministers have indicated could be feasible.

These Finance Ministers, together with the central bank governors, are pursuing a ‘work programme’ to interrogate the bank’s mandate and scope of operations, its capitalisation and the sources of funding, as well as where the new bank would be located and when it would become operational.

An update is expected when the Brics leaders meet in Saint Petersburg, Russia, in early September, on the sidelines of the 2013 G20 Summit and it has been reported that the intention is to finalise preparations for the bank in time for the 2014 Brics Summit.

Davies says that, while the bank will focus primarily on infrastructure in Brics counties, there is potential for it to help close some of the funding gaps that surround a range of African infrastructure projects.

Motsepe adds that the business council will be interrogating a number of “tangible projects”, including those that make up the African Union's so-called North-South Corridor projects, which comprise some large-scale transport, energy and water developments."

[Popeye82]

US Oil +Gas chief says "Eblana discovery is "just the beginning" of the story" - PAIUK - Jun 6, 2013

- Jamie Ashcroft -
www.proactiveinvestors.co.uk/companies/news/57726/us-oil-gas…

"Having confirmed an oil discovery in Nevada US Oil and Gas (GXG:USOP) is still just at the beginning of its journey, according to chief executive Brian McDonnell.

A closely followed testing programme last month confirmed a discovery in the Eblana 1 well, on the Hot Creek Valley property, and subsequent analysis led to a significant uplift in reserves.

Whilst the tests fell short of confirming commercial oil flows, McDonnell remains confident that the project remains on the right track.

“It [the project] is very large, and we are still at the very beginning of this story,” he told Proactive Investors.

“We have a discovery of oil. We have moved nearly 20mln barrels of oil into contingent resources. So we’ve moved [the project] up the value chain.

“What we didn’t get was a commercially flowing well. This is part of a process that was always going to be for three or four wells.”

USOP believes it has enough funds to pay for the next phase of the project.

And this could involve the drilling of a horizontal well, out from the existing Eblana 1 location.

Alternatively the appraisal well will be located ‘up-dip’ from the current location, which is believed to be on the verges of the oil system.

Either way, McDonnell is encouraged about what lies ahead.

“We have now confirmed this massive potential prize. The oil system is there. The discovery and flowing of 33 API has confirmed that we have an oil system. We’re just down-dip of the formation [with this well].

“The next stage will allow us to decide whether we are going to go horizontal, or whether we are going to drill a fresh well.

“But, nothing has changed in terms of the excitement in this story.”

McDonnell’s comments come after an investor presentation in a London hotel last night, in which the company disclosed a large amount of technical information from the drilling and testing programme on Eblana 1.

Eblana 1 encountered oil shows at several levels and identified a total of nine potentially productive zones.

And the newly revealed information contained amid the 93-slide presentation provides some long awaited insight into the testing programme.

The presentation slides reveal that, over an undisclosed period, ‘Producer Zone 1’, the deeper of the two at 6,990 to 7,232 feet, initially flowed at a rate of 220 barrels per day and increased to a steady rate of 264 barrels per day (bpd).

Flows from ‘Producer Zone 2’, meanwhile, fell from a starting rate of 220bpd to 128bpd.

In aggregate these tests, on two of nine potential producer zones, demonstrate an aggregate ‘steady’ flow rate of 392bpd.

These rates were determined to be sub-commercial and were considered by USOP to be low, though as the well is believed to be at the edge of the discovery, future wells are currently expected to yield better results.

While USOP has not confirmed precisely what would have constituted a commercial result, another presentation slide suggests it was a borderline miss.

The presentation "features an economic model, based on assumptions of Forest Garb & Associates, the author of USOP’s most recent competent person's report".

The model "envisages a 50-well development scenario with average production of 350bpd per well, which equates to gross production of 17,500 bpd".

"Under this scenario the capital cost of the project is estimated at US$206mln, and the model points to an estimated ‘present value’ of US$587mln".

Clearly, with just a single exploration well drilled by USOP so far, a lot more work is still required to de-risk most of these assumptions, and the next well will be crucial.


Profile

U.S. Oil & Gas plc was formed to exploit the potential for substantial oil and gas finds in one of North America's most prolific oil producing regions, using the most advanced technology available.

U.S. Oil & Gas plc’s (Ticker: USOP) core activities are in the USA, with exploration activity in Nevada where the company holds a large... "

[Popeye82]

Equatorial Resources: Mayoko-Moussondji scoping study "delivers excellent results" - PAI - Jul 16, 2013

- Jamie Nimmo -
www.proactiveinvestors.co.uk/companies/news/59050/equatorial…
www.equatorialresources.com.au/media/articles/Investor---ASX…
www.brrmedia.com/event/113239/john-welborn-managing-director…

"A scoping study of Equatorial Resources’ (ASX:EQX) 100%-owned Mayoko-Moussondji iron project in the Republic of Congo has returned excellent results.

The company has outlined a pathway to a two million tonne-per-annum (tpa) operation with an initial mine life of 23 years.

The capital spend to reach production has been set at US$114mln, while the total capital cost to establish the 2mln tpa operation represents a capital intensity of US$115 per tonne.

This places Mayoko-Moussondji among the least capital-intensive iron projects in Africa, thanks to its access to existing rail and port infrastructure.

Operating costs are expected to be US$41 per tonne and the time until initial production could be as short as 15 months from the final investment decision.

The study was based on the initial mineral resource estimate for Mayoko-Moussondji that included an indicated and inferred haematite resource of 102mln tonnes at 40.6% iron.

Equatorial's plan is to produce a ‘Mayoko premium fines’ iron product grading 64.1%.

Managing director and chief executive officer John Welborn said: “The study demonstrates that our project has a number of advantages: the potential for a high quality product, low capital requirements, competitive operational costs, and a short timeframe to production based on access to existing rail and port infrastructure.

“These advantages, and the potential for future expansion, make Mayoko-Moussondji a stand-out development opportunity.”

The company said it will continue to explore routes to funding, and obtain environmental approvals, a resource upgrade and the preparation of a mining licence application to fast-track the final investment decision once financing has been tied up.

Broker RFC Ambrian said: “This study indicates that the project is very ‘do-able’. The capital costs are lower than expected, strip ratios are low and operating costs look reasonable.”

Investec highlighted the advantages of having South Africa mining company Exxaro as a neighbour.

“The study pays heed to some of the concepts already introduced by neighbouring Exxaro, including the use of ore containers,” said the broker.

“EXX is rapidly progressing its own Mayoko Lekoumou project, with first production expected from around the end of 2013, and we expect that there is good potential for EQX to reduce its costs through partnership with EXX.”

GMP Securities added: “We believe that EQX’s proximity to infrastructure, high quality product (64.1% Fe), and relatively low capital requirements to deliver the project differentiate it within the global universe of iron ore developers.”

Shares rose 7.7% to A$0.70 each on the Australian market.


Profile

Equatorial Resources Limited is an ASX listed iron ore exploration and development company with two 100% owned large-scale iron ore projects in the politically stable and investment friendly Republic of Congo (“ROC”).

Equatorial’s Mayoko-Moussondji Iron Project and Badondo Iron Project are both highly prospective with significant scale potential. "

[Popeye82]

Fastnet Oil +Gas plc - Operational Update, Scoping Independent Resource Estimates +Forward Program, for Deep Kinsale - May 22, 2013

"HLs"

+ Acquisition of 500 sq. km. of 3D seismic recently completed over Deep Kinsale, +"significantly" under budget

+ "Aggregated Unrisked Gross P50 Best Case Prospective resources" for Deep Kinsale -of 2.365.000.000 barrels of "oil in-place", next door to Providence Resources(LON:PVR) Barryroe project, which "was confirmed as Ireland’s 1st commercially viable oil field, last year". The h"ighlight of today’s update, according to Fastnet chairman Cathal Friel, "is that it confirms the Deep Kinsale prospect to be just like Barryroe, only bigger" "

+ "Risked Potential Resources Estimates of oil in-place" for Deep Kinsale in the range of 134.000.000 barrels to 691.000.000 barrels, reflecting the early stages of evaluation +analysis

+ Independent Pre-drill Pilot Development Study for Deep Kinsale being undertaken, based on conceptual design work for the Seven Heads(now "Barryroe") Oil Field 1st carried out in ´02, for Island Petroleum Developments Limited ...
http://otp.investis.com/clients/uk/fastnet_oil_gas/rns/regul…
www.proactiveinvestors.co.uk/companies/news/57208

[Popeye82]

W Resources - La Parrilla (Tailings) Project –Mineral Resource Statement: 46.920.000 tonnes @ +0.09% W03 +Sn, "one of the "largest" tungesten deposits outside China" - Jun 18, 2013
www.wresources.co.uk/wp-content/uploads/2013/06/137641012-00…

[Popeye82]

Rockhopper Exploration - completes US$1.000.000.000 Sea Lion farm-out, with Premier Oil; +"a further US$1.200.000.000 standby facility", "now fully funded to 1st oil from Sea Lion, in ´17" - Oct 19, 2012
http://otp.investis.com/clients/uk/rockhopperexploration/rns…
www.proactiveinvestors.co.uk/companies/news/49371/rockhopper…

[Popeye82]

Muskrat Minerals/Petmin/Cardero Resource - "North Atlantic Iron Exposure" - Jan 24, 2013
www.muskratminerals.ca/files/NAIC%20-%20Northern%20Exposure%…
www.ironsands.ca/Site/files/4%20%20International%20Iron%20Me…

[Popeye82]

Deutschlands Arbeitnehmer "dopen sich in den Wahnsinn" - W/AOK, "AOK Report" - Aug 22, 2013
www.welt.de/wirtschaft/article119296096/Deutschlands-Arbeitn…

[Popeye82]

Kampfschiff erschreckt Badegäste an Ostsee-Strand ; "Hauptsache, es ist kein deutsches Kriegsschiff" –so die Reaktion eines Badegastes auf ein tonnenschweres Kampfschiff, das auf einen russischen Strand zudonnerte - W/DPA/R, KALININGRAD - Aug 22, 2013
www.welt.de/vermischtes/kurioses/article119266719/Kampfschif…

[Popeye82]

Erdogan fordert drei Kinder von jeder Frau - WSJ/AFP, ISTANBUL - Aug 22, 2013
www.wsj.de/article/SB100014241278873234776045790006836675950…

[Popeye82]

Cannabis-Züchter alarmieren Kaliforniens Bauern; Heimische Marihuanaproduktion hat Mexikos Importe überholt - WSJ, FRESNO - Aug 22, 2013

- William Harless -
www.wsj.de/article/SB100014241278873239687045786517923133597…

[Popeye82]

Wie China seine Wirtschaftsdaten fälscht ; Chinas Wirtschaftsdaten werden oft angezweifelt, doch niemand konnte bislang beweisen, dass Peking die Statistiken schönt. Nun hat ein Ökonom einen Teil der Daten als stark übertrieben entlarvt - W/WSJ - Aug 21, 2013

- H. Bentzien -
www.welt.de/wall-street-journal/article119227734/Wie-China-s…

"Der Verdacht, dass China seine Wirtschaftsdaten beschönigt, taucht immer wieder einmal auf. Kaum ein Ökonom glaubt, dass Chinas Konjunkturdaten ein zutreffendes Bild von der Lage der zweitgrößten Volkswirtschaft der Welt zeichnen.


Aber bisher wurden die Mutmaßungen dazu immer nur im Ausland angestellt. Nun hat auch ein in China arbeitender Wissenschaftler seine Stimme erhoben. Ganz schon mutig von ihm.

Der an der HSBC Business School in Shenzhen lehrende Christopher Balding hat überschlägig berechnet, wie stark die Statistiker die Höhe der Wirtschaftsleistung übertreiben. Die Ergebnisse seiner Studie sind ernüchternd, lassen aber immerhin einen positiven Schluss zu: Es scheint zumindest im Süden Chinas irgendwie doch akademische Freiheit zu geben.


BIP ist zu hoch angesetzt

Um es gleich vorweg zu sagen: Balding glaubt, dass die Statistiker das inflationsbereinigte Bruttoinlandsprodukt (BIP) um mindestens acht Prozent zu hoch ansetzen. "Das Eröffnungsgebot liegt bei einer Billion US-Dollar", lautet der lakonische Untertitel seiner Arbeit, die unter der Überschrift "How Badly Flawed is Chinese Economic Data?" erschienen ist.

Mindestens acht Prozent deshalb, weil sich der Ökonom in seiner Studie nur auf einen einigermaßen nachvollziehbaren Teilaspekt der BIP-Berechnungen konzentriert – und zwar die Inflationsbereinigung. Dabei geht er davon aus, dass die Statistikbehörde erstens den Anteil der Wohnkosten am Verbraucherpreisindex viel zu niedrig ansetzt und zweitens die Teuerung in diesem Bereich auch noch stark untertreibt. Im Ergebnis wird auch der entsprechende Teil des BIP-Deflators stark untertrieben, der zur Inflationsbereinigung des nominalen BIP verwendet wird.

Balding zufolge sind schon die Basisdaten der Wohnteuerung manipuliert . "Die Wohnkosten sind zwischen 2000 und 2011 im Landesdurchschnitt um 8,14 Prozent gestiegen, aber in städtischen Gebieten, wohin viele Chinesen in den vergangenen Jahren gezogen sind, nur um 5,99 Prozent", merkt er an.

Zudem seien die Preise für Wohnen in privatem Eigentum nach offiziellen Angaben drei Mal so stark gestiegen wie die Preise für das Wohnen in einer Mietwohnung. Aber nur zwölf Prozent aller Chinesen sind nach Behördenangaben Mieter.


Unplausible Annahmen zum Wohnen

Aber es geht noch weiter: Zur Berechnung des Preisauftriebs beim Wohnen in den eigenen vier Wänden unterstellt die Behörde, dass 80 Prozent der Chinesen in städtischen Gebieten wohnen und nur 20 Prozent in ländlichen. Dabei unterschlagen aber die Statistiker, dass 2011 immer noch knapp die Hälfte der Chinesen auf dem Land wohnte. Im Jahr 2000, am Beginn des Untersuchungszeitraums, waren es noch fast zwei Drittel gewesen.

Wenig plausibel erscheinen die Teuerungsangaben beim Wohnen auch, wenn man sie mit der Entwicklung der Hauspreise vergleicht. Nach Regierungsangaben verteuerte sich Wohnraum in ländlichen Gebieten zwischen 2000 und 2011 um 249 Prozent. der Nominalwert von Appartements in städtischen Gebieten verdreifachte sich. Auf diese Weise rechnen die Statistiker die Wohninflation klein.

"Ersetzt man die offiziellen Inflationsdaten aus dem Wohnbereich durch entsprechende Daten anderer Anbieter, dann ergibt sich eine um rund einen Prozentpunkt höhere Jahresinflation bei Verbraucherpreisindex", stellt der Ökonom fest. Und weiter: "Überträgt man diese Daten auf die Berechnung des realen BIP, dann reduziert das die Wirtschaftsleistung im Mittel um acht bis zwölf Prozent, oder eine Billion Dollar."

Interessant ist, dass eine Studie dieses Inhalts einfach so von einem in China lehrenden Akademiker veröffentlicht werden darf. Baldings Arbeitgeber ist die Peking University HSBC Business School, an deren Außenstelle in Shenzhen er arbeitet. Shenzhen ist zwar eine weit im Süden gelegene Sonderwirtschaftszone – aber geht die Meinungsfreiheit in China wirklich schon so weit?

Christopher Balding beantwortet diese Frage mit einem Scherz: "Wenn Sie eine Weile nichts von mir hören, beten Sie, dass ich nicht in der Inneren Mongolei in einem Hotel ohne Fenster sitze." "

[Popeye82]

Naturally Splendid Enterprises - to Launch New Products, +Moves Into New Office/Warehouse Facilities; Craig Goodwin: "We are "extremely pleased" with the flavour +nutritional profiles of these new products. They "will be the 1st hemp protein products in the world, that utilize lo-han-guo", an all-natural sweetener that is 200 times sweeter than sugar, with a fraction of the calories. ... "this formulation is gluten free, lactose free, higher in protein than other hemp comparable products, a "great alternative for diabetics… +better tasting" "; Lo-han-guo, sometimes called Monk Fruit is an "exciting +unique new to market sweetener" that "provides benefits no other sweeteners can". Unlike sugar +other common sweeteners, Monk Fruit does not elevate insulin levels, raise cholesterol, or stimulate fat storage. Made from natural fruit, Monk Fruit has been clinically proven to speed up the fat burning process, without stimulating insulin production. Monk Fruit is "completely natural +safe for diabetics, children +people who are hypoglycemic" - Jun 27, 2013
http://web.tmxmoney.com/article.php?newsid=61104014&qm_symbo…

[Popeye82]

Scientists "discover what’s killing the bees, +it’s worse than you thought" - Q/Plos One - Jul 24, 2013
http://qz.com/107970/scientists-discover-whats-killing-the-b…
www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.…

"As we’ve written before, the mysterious mass die-off of honey bees that pollinate $30 billion worth of crops in the US has so decimated America’s apis mellifera population that one bad winter could leave fields fallow. Now, a new study has pinpointed some of the probable causes of bee deaths and the rather scary results show that averting beemageddon will be much more difficult than previously thought.

Scientists had struggled to find the trigger for so-called Colony Collapse Disorder (CCD) that has wiped out an estimated 10 million beehives, worth $2 billion, over the past six years. Suspects have included pesticides, disease-bearing parasites and poor nutrition. But in a first-of-its-kind study published today in the journal PLOS ONE, scientists at the University of Maryland and the US Department of Agriculture have identified a witch’s brew of pesticides and fungicides contaminating pollen that bees collect to feed their hives. The findings break new ground on why large numbers of bees are dying though they do not identify the specific cause of CCD, where an entire beehive dies at once.

When researchers collected pollen from hives on the east coast pollinating cranberry, watermelon and other crops and fed it to healthy bees, those bees showed a significant decline in their ability to resist infection by a parasite called Nosema ceranae. The parasite has been implicated in Colony Collapse Disorder though scientists took pains to point out that their findings do not directly link the pesticides to CCD. The pollen was contaminated on average with nine different pesticides and fungicides though scientists discovered 21 agricultural chemicals in one sample. Scientists identified eight ag chemicals associated with increased risk of infection by the parasite.

Most disturbing, bees that ate pollen contaminated with fungicides were three times as likely to be infected by the parasite. Widely used, fungicides had been thought to be harmless for bees as they’re designed to kill fungus, not insects, on crops like apples.

“There’s growing evidence that fungicides may be affecting the bees on their own and I think what it highlights is a need to reassess how we label these agricultural chemicals,” Dennis vanEngelsdorp, the study’s lead author, told Quartz.

Labels on pesticides warn farmers not to spray when pollinating bees are in the vicinity but such precautions have not applied to fungicides.

Bee populations are so low in the US that it now takes 60% of the country’s surviving colonies just to pollinate one California crop, almonds. And that’s not just a west coast problem—California supplies 80% of the world’s almonds, a market worth $4 billion.

In recent years, a class of chemicals called neonicotinoids has been linked to bee deaths and in April regulators banned the use of the pesticide for two years in Europe where bee populations have also plummeted. But vanEngelsdorp, an assistant research scientist at the University of Maryland, says the new study shows that the interaction of multiple pesticides is affecting bee health.

“The pesticide issue in itself is much more complex than we have led to be believe,” he says. “It’s a lot more complicated than just one product, which means of course the solution does not lie in just banning one class of product.”

The study found another complication in efforts to save the bees: US honey bees, which are descendants of European bees, do not bring home pollen from native North American crops but collect bee chow from nearby weeds and wildflowers. That pollen, however, was also contaminated with pesticides even though those plants were not the target of spraying.

“It’s not clear whether the pesticides are drifting over to those plants but we need take a new look at agricultural spraying practices,” says vanEngelsdorp. "

[Popeye82]

Splendid Medien AG: Halbjahreszahlen ´13 +Ausblick auf das Gesamtjahr ´13: ...Konzernperiodenergebnis nach Steuern 0,18€/Aktie - Aug 22, 2013
www.splendidmedien.com/de/page/splendid-medien-ag-halbjahres…

[Popeye82]

Infinia - Begins Commissioning Utility-Scale Stirling Solar Technology –"Spurs Growth in Europe" - Jun 12, 2013
www.infiniacorp.com/en/infinia-begins-commissioning-utility-…

[Popeye82]

Royal Nickel - Announces $15.000.000 Royalty Financing, from "Leading Global Mining Investor" - May 9, 2013
www.royalnickel.com/_admin/_media/09-05-13-RNC-Red-Kite-News…

[Popeye82]

Argex Titanium - completes non-brokered private placement with Ressources Québec Inc. - Aug 22, 2013
http://argex.ca/documents/Press%20Release%20-%20IQ%20Private…

[Popeye82]

China's biggest banks to post slowing profit growth - CER/BB - Aug 23, 2013
www.wallstreet-online.de/diskussion/1137033-25761-25770/news…

"The mainland’s four largest lenders are set to post the slowest profit gains since 2010 amid bad loans and a cooling economy, Bloomberg reported.

Industrial and Commercial Bank of China (1988.SHA, 1398.HKG), China Construction Bank (601398.SHA, 0939.HKG), Agricultural Bank of China (601288.SHA, 1288.HKG) and Bank of China (601988.SHA, 3988.HKG) are likely to report a combined second-quarter net income of US$34 billion (RMB 207 billion), an increase of 10% from a year earlier, according to analysts’ estimates. Profit at the four largest US banks climbed 35% to US$20.2 billion. Chinese banking shares are already trading near record-low valuations on concerns that China’s slowing economic pace will curb loan demand and spark more defaults. "

[Popeye82]

Geely to sell cars developed with Volvo in 2015 - CER/BB - Aug 23, 2013
www.chinaeconomicreview.com/node/64444

"Geely Automobile (0175.HKG, GRU.FRA) plans to offer cars jointly developed with Swedish carmaker Volvo in 2015, Bloomberg reported, citing the Chinese automaker’s CEO.

Zhejiang Geely, Geely’s parent company, acquired Volvo from Ford Motor (F.NYSE) for US$1.8 billion in 2010. The Swedish automaker signed a memorandum with Zhejiang Geely last year to “leverage its full access” to technology. In February this year, Volvo said it will establish a joint research and development center in Sweden with Geely. Volvo has also begun test runs at its first factory in China as it aims to double sales to 800,000 vehicles in the world’s largest auto market by 2020. "

[Popeye82]

China banks move closer, to interest rate reform - CER/R - Aug 23, 2013
www.chinaeconomicreview.com/node/64443

"China's big banks may win approval to issue tens of billions of yuan in negotiable certificates of deposit (NCD) as early as next month, which could help loosen controls on deposit rates, Reuters reported, citing anonymous sources.

Bank of China (601988.SHA, 3988.HKG), Industrial and Commercial Bank of China (601398.SHA, 1398.HKG), Agricultural Bank of China (601288.SHA, 1288.HKG), China Construction Bank (601939.SHA, 0939.HKG) and Bank of Communications (601328.SHA, 3328.HKG) have submitted plans for NCDs to the central bank, which if approved, would allow them to access large amounts of funds at relatively stable costs. The short-term impact of NCDs on money market rates may be limited, but the move is seen as a step toward looser controls on bank deposit rates. "

[Popeye82]

Holland "extends Gold Fields' transformation"; Nick Holland's transformation of Gold Fields has been extended well beyond the unbundling of its SA assets by dint of the gold price - Mmx - Aug 22, 2013

- Julie Bain -
www.miningmx.com/page/news/gold_and_silver/1633048-Holland-e…

"SURVIVAL at a gold price of $1,300/oz is Gold Fields’ mantra and integral to a strategic review after it posted a net loss of $129m in the June quarter (March Q: $27m profit).

The company expects to have completed the review, announced earlier this year, of all its operations in three months. This study will determine which of its assets fit its declared margin parameter.


On completion of the restructuring, Gold Fields wants all its operations to present it with a 10% to 15% margin per ounce. “That’s after all the bills have been paid, the whole lot, “ said Gold Fields’ CEO Nick Holland.

The company is part way through what investors hope is a metamorphosis aimed at achieving decent returns in more stable jurisdictions for the group. Gold Fields is now a mid-tier gold company following the unbundling of its South African assets into Sibanye Gold. Ranked in terms of annual output, Holland said the company would be number 10 or 11 globally.

The restructuring is a sign of the time because investors have become increasingly wary of the volatility of the South African mining sector. These worries extend to concerns about political and labour uncertainty, deep-level mining and lower grades.

These factors have been compounded by a weakening gold price. Gold Fields started the process earlier this year when it spun off the majority of its South African assets into Sibanye Gold.

In terms of the unbundling, Gold Fields relinquished Beatrix and the Kloof and Driefontein mines but it retained its massive South Deep deposit, although some investors may be wishing it had not.

Holland said logistical, transport, and equipment problems at South Deep meant it was not managing to get sufficiently good grades.

As a result, it now seemed unlikely that the mine would reach its stated target of producing 700,000/oz of gold a year by 2016. Holland would not be drawn on when it would reach that target.

He was adamant, however, that the mine remained a key element of the international gold company’s portfolio.

“We see South Deep as a key part of our future. We have spent the big bucks already, (Gold Fields will invest a further R1.9bn developing the mine this year) and completed the hard work,” said Holland.

When it was operating, Holland said the mine will operate well within in the $1,300/oz producer cut-off mark. On a notional cash expenditure basis, South Deep should be producing at $900/oz, said Holland.

While it is still carrying out its strategic review, Gold Fields' Arctic Platinum project in Finland, its Talas copper gold project in Kyrgyzstan, and the Woodjam project in Canada are for sale. The future of the Yanfolila project in Mali is still being considered.

“We will not sell the FSE S project in the Philippines but Yanfolila could be on the block,” said Holland.

Gold Fields’ production dropped 5% on the March quarter to 451,000/oz in the three months to the end of June owing to a result of a strike at its mines in Ghana. The group had to take a once-off-impairment cost of $127m at Tarkwa and Damang. Said Holland: “We are committed to Ghana irrespective of the tax situation (there have been calls for higher taxes). Tarkwa is a wonderful mine, and it will be for years to come. Damang we will have to accept that it might be put on care and maintenance”. A decision on Damang’s future is expected in February.

Just as it plans to sell some of its operations, the company is still adding ounces through acquisitions and said today that it was to spend $300m buying Canadian gold miner, Barrick’s Yilgran South assets in Western Australia. The projects include Granny Smith, Darlot and Lawlers.

The deal, which will either be paid in cash or half cash and half shares, should bring synergies between Gold Fields’ existing Australian assets especially its Agnew mine and the new edition, Lawlers.

The ore bodies lie in close proximity and Holland said the company was considering a “link drive between both ore bodies”. It expects to save $18m a year through consolidation and rationalisation of processing costs while “integrated site management” could serve up yearly savings of $10 to 15m.

The price at $104 for each reserve ounce bought looks competitive when compared to other deals.

“I think the acquisition is value adding. There are a number of synergies with Agnew and across its Australian operations,” said David Davis, an analyst for Standard Bank Group Securities.

The new projecs have relatively short reserve lives, but Holland said taking Gold Fields St Ives and Agnew mines as models, the cost and possibilities to expand the lives of the new mines would be similar. At St Ives and Agnew reserve ounces have been added, over time, at a cost of $50/oz.

There will be no interim dividend payment and given the gold price volatility and labour issues, where strikes could further knock Gold Fields’ South African production, the jury is out on whether there will be a full-year dividend payment.

The company made it clear it was sticking to it policy that it only pays dividends from earnings. "

[Popeye82]

The "Robotic Search For Lost World WarII Airmen"; World WarII combat pilots have been lost @the bottom of the Pacific ocean for nearly 70 years. Now autonomous robots have been deployed to find them - PopSci - Aug 16, 2013

- A. Isaacson -
www.popsci.com/node/76935/?cmpid=enews082213&spPodID=020&spM…

[Popeye82]

Ironveld - Mineral Resource Update -to 32.900.000 tonnes @34.8% Fe, 9.8% TiO2 + 0.8% V2O5 I - Jul 15, 2013
www.ironveld.com/MineralResourceUpdate15-07-13.pdf

[Popeye82]

Mantle Mining - Acquires 289.000.000 Tonne JORC Inferred Coal Resource, +~220.000.000 tonnes "Exploration Target" - Aug 23, 2013
www.stocknessmonster.com/news-item?S=MNM&E=ASX&N=646519

[Popeye82]

13-Year-Old "Designs Super-Efficient Solar Array, Based on the Fibonacci Sequence" - PopSci - Aug 19, 2011

- Rebecca Boyle -
www.popsci.com/technology/article/2011-08/13-year-old-design…
www.heute.at/news/welt/art23661,649148





- PVC Oak Tree: Young Naturalist Awards -

[Popeye82]

Microsoft - CEO Steve Ballmer to retire within 12 months - Aug 23, 2013
www.microsoft.com/en-us/news/press/2013/aug13/08-23Announcem…

[Popeye82]

Neymar wechselt zum FC-Barcelona - SD - May 26, 2013
www.sueddeutsche.de/sport/neymar-wechsel-zum-fc-barcelona-mi…

[Popeye82]

Antwort auf Beitrag Nr.: 45.315.559 von Popeye82 am 23.08.13 23:14:53

[Popeye82]

Draft recommendations "to improve mining transparency" released - MW/CMR, TORONTO - Jun 14, 2013

- H. Lazenby -
www.miningweekly.com/article/draft-recommendations-to-improv…

"The Resource Revenue Transparency Working Group on Friday released its draft recommendations on implementing mandatory reporting standards for Canadian mining companies for public comment.

The release came on the heels of Prime Minister Stephen Harper's pre-G8 announcement that Canada would establish new transparency standards.

"The Canadian mining industry is fully committed to improving transparency in a way that aligns with global standards. Today's launch of the draft framework, which was developed hand-in-hand with our civil society partners, is an important step forward to help reduce corruption and build governance capacity, while showcasing the positive contributions we make to the countries where we operate," Mining Association of Canada (MAC) president and CEO Pierre Gratton said.

Transparency is a critical tool for ensuring the more than one-billion people in resource-rich countries reap the full benefits of their natural resources. Mandatory reporting standards require operating companies to publish the amounts they pay to governments, disclosures that give citizens the information they need to hold their governments accountable for the use of resource revenues.

In the US, disclosure requirements were passed in 2010 under Section 1504 of the Dodd-Frank Act, which compelled publicly listed companies to report on a country-by-country and per project basis. This week, the European Union Parliament passed similar legislation, which also applied to large, private companies and forestry.

About 60% of the world's mining companies were registered in Canada, and more than 1 000 Canadian exploration companies were active in 100 countries - most of which had their only public listing in Canada. Canadian stock exchanges, the TSX and TSX-V in particular, hosted the lion's share of the total global value of mining sector market capitalisation, and mining equity capital raised.

The group, comprising the MAC, the Prospectors and Developers Association of Canada and nongovernmental organisations Publish What You Pay-Canada and the Revenue Watch Institute, said the document represented more than nine months of collaborative efforts.

The group held consultations across Canada with industry, civil society, government officials and experts to develop draft recommendations that reflected not only the desire to improve the management of revenues derived from mining activities, but also the unique Canadian regulatory environment. "

[Popeye82]

Geomapping programme "to boost exploration, in Canada’s North" - CMR, JOHANNESBURG - Aug 23, 2013
www.miningweekly.com/article/geomapping-programme-to-boost-e…

"The Mining Association of Canada (MAC) has welcomed the renewal of the Geomapping for Energy and Minerals (GEM) programme, saying that it will help facilitate exploration activities in the northern parts of the country.


The federal government has committed a further $100-million over seven years to the GEM programme, building on a previous allocation of $100-million over five years from the 2008 Budget.

“This continued investment in surveying will help the industry better determine where mineral deposits are located and, ultimately, where the next generation of Canadian mines can be developed,” commented MAC president and CEO Pierre Gratton.

He said it made sense for companies conducting exploration to spend their high-risk dollars in areas where good geological data was available in order to heighten the chances of finding a deposit.

“By developing a broader body of reliable geological information, Canada is enhancing its attractiveness as a destination for mineral exploration investment.”

Canada's three territories – Northwest Territories, Nunavut and Yukon – are rich in resources, including gold, diamonds, rare earths, copper, zinc and lead, and geomapping and exploration will help to identify more types of deposits in the region.

MAC stated that roughly three-quarters of the GEM spending was directed toward investment in three territories, where the mapping needs were most acute.

The minerals industry has played an important role to date in facilitating northern development, with gross domestic product contributions in the Northwest Territories and Nunavut of 24.2% and 2% respectively. In 2012, the three territories attracted nearly $450-million in exploration investment.

“There is great interest in Canada's northern mineral potential and the GEM programme is critical to mapping out mineral opportunities in a region where geoscience knowledge is currently lacking," said Gratton.

The GEM programme renewal follows positive skills training announcements from Prime Minister Stephen Harper during his northern tour, including $5.8-million over two years to support the Northwest Territories Mine Training Society for a new mining sector-skills training programme in the Northwest Territories and in the Kitikmeot region of Nunavut.

Earlier in the week, Harper also announced support for the creation of a new Centre for Northern Innovation in Mining to be housed within Yukon College, in Whitehorse, a $5.6-million investment over four years. "

[Popeye82]

63% of TSX Venture stocks @or <$0.10 - SH/TT - Aug 23, 2013

- D. Deadlock -
www.stockhouse.com/opinion/ticker-trax/insights/2013/08/23/t…

[Popeye82]

Vettel gewinnt in Belgien - W - Aug 25, 2013
http://web.de/magazine/sport/formel1/17773836-vettel-triumph…

[Popeye82]

Detour Gold - Achieves Commercial Production, @Detour Lake - Aug 14, 2013
www.detourgold.com/files/doc_news/DGC%20PR_13%2008%2014%20-%…

[Popeye82]

Adslot - sign "world's largest news site" - Apr 11, 2013
www.adslot.com/wp-content/uploads/2013/04/Adslot_sign_worlds…



Adslot Sign eBay Australia, the "largest e-commerce property in the country +in the top10 of most loved brands" - May 27, 2013
www.adslot.com/wp-content/uploads/2013/05/20130527-Adslot-si…



Adslot partners with Nextmark, Inc, a "leading provider of agency workflow +trading technology, to U.S. media agencies" - Jun 27, 2013
www.adslot.com/wp-content/uploads/2013/06/20130627_Nextmark-…

[Popeye82]

Talga Gold - 500% Increase in Contained Graphite at Raitajarvi Project -to 4.300.000 tonnes @7.1% graphite I/I; M. Thompson: "The new resource estimate @Raitajärvi 'exceeded our expectations' +"supports Talga’s goal, for a deposit "potentially" capable of producing 25.000 tonnes/annum of coarse flake graphite concentrate, over @least 10 years." Being "proximal to established bulk commodity transport infrastructure +to the European market, that currently imports 95% of the 200.000 tonnes of natural graphite that it consumes each year, is a major advantage." Furthermore, the "option to direct rail to European end users "may offer a signicant price advantage", in bringing our graphite to market sooner, +"will assist with what we "believe" will be attractive operating margins" - Aug 26, 2013

+ New resource estimate lifts Talga’s Raitajärvi resource -to 307.300 tonnes total contained graphite, compared to 54.000t previously.

+ Represents a 500% increase in contained resource inventory.

+ Raitajärvi project JORC mineral resource now totals 4.300.000t @7.1% graphite, with 3.400.000t @7.3% graphite classified Indicated.

+ Coarse flake graphite near major European market, with new resource "supporting "potential" for 10+ year mine life."

+ Deposit "remains open @depth +along strike, with only 25% of the EM conductor/graphitic unit tested to date." ...
www.stocknessmonster.com/news-item?S=TLG&E=ASX&N=646674

[Popeye82]

"Understanding Productivity, Australia’s Choice" - McKI/UoTS - Nov12
http://mckellinstitute.org.au/wp-content/uploads/2012/11/McK…

[Popeye82]

Monax Mining - Maiden Wilclo South Graphite Resource -of 1.750.000 t @12.5% total graphitic carbon(TGC) I, for a new Global Resource of 6.380.000 t @8.8% TGC I; Wilclo South resource "covers 1.4 km of strike along a 30km regional airborne electromagnetic feature, +is open along strike +@depth" - Aug 26, 2013
www.monaxmining.com.au/site/index.php?option=com_docman&task…

[Popeye82]

"Oil price reform lifts Sinopec profits" - CER/R - Aug 26, 2013
www.chinaeconomicreview.com/node/64452

"China Petroleum and Chemical Corporation (Sinopec) (SNP.NYSE, 0386.HKG, 600028.SHA) saw second quarter earnings rise by 22% on higher refining margins, Reuters reported.

As China introduced measures to let domestic fuel prices follow the international market more closely, net profit at Sinopec rose to US$2.22 billion (RMB13.58 billion) in April-June from US$1.81 billion a year earlier, according to Reuters calculations. China implemented a more flexible fuel pricing mechanism in March to allow higher prices in a bid to tackle soaraway fuel consumption and stave off potential shortages. "

[Popeye82]

Donald Trump goes to war with NY attorney general , over fraud allegation - SH/CP, ALBANY - Aug 26, 2013
www.stockhouse.com/news/business-news/2013/08/26/donald-trum…

"Donald Trump on Monday defended his Trump University as a booming success for student entrepreneurs and blasted New York's attorney general, who called it a scam.

Attorney General Eric Schneiderman shot back that Trump is making wild accusations, just like others who commit fraud and get caught.

“We have a terrific school. It's done a fantastic job,” Trump told ABC's “Good Morning America.” “We have a 98 per cent approval rating among students.”

Trump held several TV interviews to further contest the lawsuit filed Saturday by Schneiderman, which alleges the real estate mogul helped run a phoney university that promised to make students rich -but instead steered them into expensive and mostly useless seminars.

“This is a political hack looking to get publicity,” Trump said.

His attorney, Michael Cohen, said Saturday that Schneiderman was upset the reality TV star didn't give him more campaign contributions, which he claims Schneiderman sought even while investigating Trump University. Cohen called it extortion.

Trump, in interviews with “Good Morning America” and NBC's “Today,” denied Schneiderman's claims that he never met with students and didn't pick instructors.

“I was totally involved to a very high degree,” he said. “I told people what to do, and if they had listened to me, it would have made a lot of money.”

Schneiderman wouldn't specifically say if he solicited any donations from Trump during the two-year investigation. The attorney general's office released this statement from Schneiderman in response to Trump's accusations: “Prosecutors are all used to persons who commit fraud making wild accusations when they're caught.”

“This is just an effort to distract from the substance of the case,” the Democrat said. “The substance of the case, he has not rebutted in any way shape or form.”

Schneiderman is suing Trump and Trump University for $40 million, accusing them of engaging in persistent fraud, illegal and deceptive conduct and violating federal consumer protection law. He says the developer of hotels, casinos and more also failed to deliver promised apprenticeships.

On Saturday, after he filed the lawsuit, Schneiderman told The Associated Press: “No one, no matter how rich or famous they are, has a right to scam hard working New Yorkers.”

State Education Department officials had told Trump to change the name of his enterprise years ago, saying it lacked a license and didn't meet the legal definitions of a university. In 2011, it was renamed the Trump Entrepreneur Institute.

Schneiderman claims many of the 5,000 students who paid up to $35,000 thought they would at least meet Trump, but instead, all they got was their picture taken in front of a life-size picture of “The Apprentice” star.

That's at odds with Trump's contention that 98 per cent of students surveys rated the program as “excellent.”

One former student who once praised the program as “amazing” and “excellent” is now suing Trump and Trump University in California. Tarla Makaeff of San Diego is representing herself and some other former students who claim the program didn't fulfil its promise of insider expertise.

The judge noted in a ruling on a motion in the ongoing lawsuit that in other cases, “victims of con artists often sing the praises of their victimizers until the moment they realize they have been fleeced.”

Trump said he will continue to fight Schneiderman, who he said badmouthed fellow Democrats including President Barack Obama and Gov. Andrew Cuomo.

“He thought I would settle the lawsuit,” Trump said. “I didn't want to settle the lawsuit on principal.”

Trump, who has flirted with running for president, created a website, www.98percentapproval.com, in which he posts surveys dated from several years ago to back up his claim of widespread support.

A typical review complained only of the price.

“I had very little expectations (sic) as I am very new to this environment,” one student wrote by hand in the survey. “The information + stories did however completely motivate me to take the next step! The presenters & the wealth of knowledge they brought along with the passion & enthusiasm they had motivates me!”

Schneiderman's lawsuit says several students in the three-day seminar costing $1,495 were upset that they were pressured to take more expensive Trump “Elite” programs. He said the students concluded the initial seminar was just a “sales pitch.”

Neither Trump nor Schneiderman immediately provided the names of students to directly back up their claims. "

[Popeye82]

Atrum Coal NL - Groundhog Scoping Study Results - Aug 27, 2013

+ Low CAPEX entry to production "estimated" @US$62.000.000 on contract mining basis, for a 1.800.000t/a ROM operation

+ "Five year initial mining", processing +transport costs ~US$85/product tonne(FOB) on a contractor basis, with an "aspirational LOM target" of <US$70 /product tonne(FOB) as an owner operator

+ Before-tax Free Cashflow on 1.800.000t/a ROM "estimated" @US$107.000.000/year (A$119.000.000) +US$293.000.000/year(A$326.000.000) for Atrum’s "aspirations" to deliver 3.000.000t/a saleable production of anthracite

+ Initial adit mining of seam #70 with "indicative ROM yield" of 61% for premium anthracite, with plans to expand production with open cut mining +/or additional portals

+ "Conservative forecast sales prices" of US$190 to US$ 208/tonne for anthracite lumps +US$137 to US$150/tonne for anthracite fines

+ "Initial trucking strategy" to deep sea port of Stewart with firm 1.500.000t/a capacity secured @Stewart Bulk Terminals +additional capacity @Stewart World Port to reach 3ßß.000.000t/a plus

+ 1st anthracite coal shipments to customers "targeted" for Q4 ´14

+ Company nearing completion of its PFS/Reserve definition drilling program, with 36 diamond cored holes completed to date in ´13 ...
www.stocknessmonster.com/news-item?S=ATU&E=ASX&N=646776

[Popeye82]

Short seller hits Chinese firm listed in Singapore - CER/SCMP - AUg 27, 2013
www.chinaeconomicreview.com/node/64458

"A report from US-based short seller Glaucus Research Group on Monday knocked almost 50% off the value of Singapore-listed China Minzhong Food, South China Morning Post reported.

The hit marked the first instance of short sellers targeting mainland firms in the city-state. China Minzhong, which until Monday's share price slump had a market value of about US$520 million, was targeted after Glaucus issued a report alleging the company misled investors about sales to its biggest customers. Short sellers have in recent years targeted Chinese companies listed in Hong Kong, Canada and the US, citing financial irregularities. "

[Popeye82]

Tesla's China plans sputter, on trademark dispute - CER/R - Aug 27, 2013
www.chinaeconomicreview.com/node/64460

"US electric carmaker Tesla Motors (TSLA.NASDAQ) has hit major road blocks in China after a local businessman claimed trademark rights to the name, Reuters reported, citing unnamed sources.

Zhan Boasheng, a businessman in Guangdong, registered the “Tesla” trademark in China in 2006. Zhan runs a website using the Tesla China domain which sports a logo almost identical to that of the US firm. Legal experts said it "might be difficult for Tesla to resolve the trademark issue unless it buys Zhan out". A Tesla spokesperson said the company still has plans to open a Beijing store this year. "

[Popeye82]

Senior CNPC exec investigated, over graft - CER/WSJ - Aug 27, 2013
www.chinaeconomicreview.com/node/64464

"Wang Yongchun, a vice president at state-owned China National Petroleum Corporation, is being investigated by China's top anti-corruption authority, The Wall Street Journal reported, citing a government agency.

The Ministry of Supervision said on Monday it was probing Wang for "severe disciplinary violations". It didn't disclose more details, but such phrasing is typically used by Chinese officials when investigating cases of alleged corruption. The move is the latest investigation into high-ranking officials at Chinese government agencies and state-owned enterprises. "

[Popeye82]

China PMI data suspended, on accuracy concerns - CER/BB/NBS - Aug 27, 2013
www.chinaeconomicreview.com/node/64459

"The release of industry-specific data from China's official purchasing manager’s index (PMI) has been delayed over accuracy concerns, Bloomberg reported, citing the National Bureau of Statistics (NBS).

“We can’t ensure all industry-specific data can reach accuracy requirements,” Sheng Laiyun, a statistics agency official, said at a briefing in Beijing on Monday. “I don’t buy NBS’s explanation - industry-specific data has been there for years and proved very useful in reading the Chinese economy,” said Xu Gao, chief economist with China Everbright Securities. "

[Popeye82]

Sirona Biochem - Announces "LOI for Collaboration" with Cincinnati Children’s Hospital Medical Center, a "world leader in discovery of innovative therapeutic treatments +technology" - May 29, 2013
www.sironabiochem.com/sirona-biochem-announces-loi-for-colla…



Sirona Biochem Announces "LOI for Collaboration" with VitamFero - Jun 25, 2013
www.sironabiochem.com/sirona-biochem-announces-loi-for-colla…



Sirona Biochem Announces "LOI for Collaboration" with Biogalenys - Jul 2, 2013
www.sironabiochem.com/sirona-biochem-announces-loi-for-colla…



Sirona Biochem Signs "LOI" with China’s #1 Ranked Anti-Diabetic Company, Wanbang Pharma - Aug 19, 2013
www.sironabiochem.com/sirona-biochem-signs-loi-with-china%E2…

[Popeye82]

GoGold Resources - Parral Pre-Feasibility Study Shows "Reserves of 35.000.000 Ounces Silver Equivalent +a "Pre-tax IRR of 80%" " - Feb 21, 2013
www.gogoldresources.com/index.php/component/rsfiles/view?pat…



GoGold signes a combined debt, equity +offtake agreement with Red Kite Mine Finance Funds, for its Parral tailings project; has entered into a definitive US$35.000.000 financing package with Red Kite Mine Finance Funds(“Red Kite”) +a US$5.000.000 credit line with CAT Financial(“CAT” ), for the development +construction of its Parral Tailings Project, located in Chihuahua State Mexico. These funds combined with the company’s existing treasury will provide the company with access to >US$55.000.000. By way of this arrangement, the company is fully-funded for the "anticipated" US$35.000.000 capital expenditure(see press release dated Feb 21, ´13 Pre-Feasibility Study) to move its Parral Tailings Project into production, +will have ~US$20.000.000 available funds "to explore other growth opportunities" - Jul 15, 2013
www.gogoldresources.com/index.php/component/rsfiles/view?pat…



GoGold Receives Environmental Permits for Parral, Construction to Commence - Aug 15, 2013
www.gogoldresources.com/index.php/component/rsfiles/view?pat…

[Popeye82]

Barfresh Food Group - to Test Smoothies +Blended Ingredient Packs With National Casino Chain, which operates >40 casinos in the U.S. +>40.000 hotel rooms - Oct 2, 2012
www.irdirect.net/pr/release/id/35616



Barfresh Announces Agreement With International Restaurant Chain, which consists of 330 locations in thirty eight states +six countries - Oct 23, 2012
www.irdirect.net/pr/release/id/23602



Barfresh Signs Development Agreement With Premiere Quick-Service Restaurant Chain, "one of the nation's premier quick?service restaurant("QSR" ) chains", agreement consists of a development arrangement, whereby Barfresh will provide "up to" 3.000 of the restaurant chain's franchise locations - Nov 13, 2013
www.irdirect.net/pr/release/id/30816



Barfresh Announces Largest Agreement to Date, With "Leading National QSR Chain", that Has ~6.000 Restaurants in the U.S. "alone" - Dec 11, 2012
www.irdirect.net/pr/release/id/58287



Barfresh Names 'Industry Veteran' Director of Manufacturing +Product Development, which "has worked for major companies, such as Kraft/General Foods, Unilever +ICI" - Jan 16, 2013
www.irdirect.net/pr/release/id/85847



Barfresh Signs Supplier Marketing Agreement With RestaurantLink, to Expand Sales of Smoothies in US - Mar 7, 2013
www.irdirect.net/pr/release/id/134388



Barfresh Announces It Has Added the 25 Unit San Marcos Group Chain, to Customer Base - Jun 4, 2013
www.irdirect.net/pr/release/id/219869



Barfresh Opens Distribution With Sysco, the "global leader in selling, marketing +distributing food products to restaurants, healthcare +educational facilities, lodging establishments +other customers, who prepare meals away from home", operates >150 distribution warehouses +deliver to in excess of 400.000 food outlets throughout the United States +Canada - Jun 28, 2013
www.irdirect.net/pr/release/id/242114

[Popeye82]

GlyEco - Begins "Type 1 Recycled Glycol Production" - Aug 6, 2013
www.nasdaq.com/press-release/glyeco-begins-type-1-recycled-g…



GlyEco Recruits Mike Sommer "to Accelerate Type 1 Production" - Aug 21, 2013
www.globenewswire.com/news-release/2013/08/21/568262/1004565…

[Popeye82]

Brazil Minerals - Acquires Rights in "High-Potential Vanadium, Titanium +Iron Project", ~25km away from Largo Resources' Campo Alegre de Lourdes project; "large mineralized outcroppings" were 1st visible after a recent wildfire lowered the vegetation cover, geochemical results "match closely" with Campo Alegre de Lourdes +it`s "most likely geologically connected"; collected geochemical samples that were subsequently analyzed by SGS-Geosol, reported geochemical results concentrations between 66.2% -71.7% Iron, 18.4% -19.8% Titanium +0.68% -0.80% Vanadium - Aug 5, 2013
www.brazil-minerals.com/wp-content/uploads/2013/08/PR-05-AUG…

[Popeye82]

Vertex Energy - Reports "a 240% Increase in "Gross Profit" " for Q2 ´13, Compared to Q2 `12 - Aug 14, 2013
www.vertexenergy.com/uploads/1/1/8/2/11825054/08-14-13-press…

[Popeye82]

Stellar Biotechnologies - Acquires "Exclusive, Worldwide License to "Clostridium Difficile Immunotherapy Technology" " - Jul 30, 2013
http://stellarbiotechnologies.com/investors/news_releases/in…

[Popeye82]

Explor Resources - Reports NI 43-101 Resource Update -to 1.079.000 Oz @~2.58g/t Au I/I - Aug 27, 2013
www.explorresources.com/_resources/news/nr_2013_08_27.pdf

[Popeye82]

Borealis Exploration - WheelTug Signs "Letter of Intent" With Onur Air, for 22 A320 Aircraft - Jun 10, 2012
www.marketwire.com/press-release/wheeltug-signs-letter-of-in…



WheelTug Announces "Letter of Intent" With KLM, the "strongest European airline group, based on two powerful brands +hubs" - Nov 15, 2012
www.marketwire.com/press-release/wheeltug-announces-letter-o…



Parker Aerospace +WheelTug Announce "Memorandum of Understanding" - Nov 19, 2012
www.marketwire.com/press-release/parker-aerospace-and-wheelt…



Signes a Memorandum of Cooperation with Air Navigation Services of the Czech Republic, an "active member of the world's leading air traffic management organizations, including CANSO(Civil Air Navigation Services Organization), ATCA(Air Traffic Control Association) +EUROCONTROL" - Nov 27, 2012
www.marketwire.com/press-release/Air-Navigation-Services-and…



Livingston Airline Purchases WheelTug Delivery Slots - Mar 4, 2013
www.marketwire.com/press-release/livingston-airline-purchase…



WheelTug Backlog Adds Additional 135 Boeing 737NG Aircraft - Mar 13, 2013
www.marketwire.com/press-release/wheeltug-backlog-adds-addit…



WheelTug Backlog Adds Additional 10 Boeing 737NG Aircraft, with Corendon Airlines - Mar 14, 2013
www.marketwire.com/press-release/wheeltug-backlog-adds-addit…



Air Berlin, one of "Europe's leading airlines +the 2nd largest airline in Germany", Reserves WheelTug Delivery Slots - Jun 4, 2013
www.marketwire.com/press-release/air-berlin-reserves-wheeltu…
www.airberlingroup.com/en/press/pressreleases/2013/06/04-air…



Icelandair Reserves WheelTug Delivery Slots; Becomes 737MAX Launch Customer - Jun 12, 2013
www.marketwire.com/press-release/icelandair-reserves-wheeltu…



WheelTug wins 2ATW magazine 2013 Eco-Technology of the Year Award"; This "innovative WheelTug electric drive system uses high-performance electric motors, installed in the nose gear wheels of an aircraft, to provide full mobility on the ground without the use of the aircraft's jet engines or tugs for pushback +taxi operations". The electric WheelTug unit needs "only four pounds of fuel/minute, by using the aircraft's auxiliary power unit(APU), representing an 80% reduction in ground operation fuel consumption". In addition to lower ground operation fuel consumption, "other benefits of the WheelTug aircraft drive systems include substantially reduced carbon dioxide +other greenhouse gas emissions". Editors noted that WheelTug has "placed something on the market that is ahead of the competition +uses a business model that makes benefits of the system measurable". The "proof is in the customer list, with 573 delivery slots reserved, by 11 airlines from Europe, America, the Middle East +the Far East, by Jun `13" - Aug 1, 2013
www.wheeltug.com/pr/pr_20130801.shtml

[Popeye82]

Acasti Pharma/Neptune Technologies &Bioresources - Signs Manufacturing Agreement, with a "world leader in natural based specialty chemicals" - Jul 31, 2013
www.acastipharma.com/en/investor-relations/press-releases/14…

[Popeye82]

Braeval Mining - Colombian rebels release Braeval Mining executive, after 7 months, after company agrees to leave, FY, BOGOTA - Aug 27, 2013
http://finance.yahoo.com/news/colombia-rebels-free-canadian-…

[Popeye82]

Interview with Nicole Buffett - YT - Jul 14, 2010
www.youtube.com/watch?v=xhuNZ5h9xo4

[Popeye82]

YTC Resources - Presentation - Aug 6, 2013
www.ytcresources.com/public/documents/5/36/YTC%20Investor%20…

[Popeye82]

Antwort auf Beitrag Nr.: 45.287.357 von Popeye82 am 20.08.13 17:47:33

GuestLogix - Announces "Multi-Year Agreement" with Scandinavia's Largest Regional Airline, Wideroe - Aug 28, 2013
http://guestlogix.com/pr/pr_08-28-13.html

[Popeye82]

Brixton Metals - Expands the OBAN Zone, +"Drills up" to 1.275 g/t Silver/1.325 g/t AgEq - Aug 28, 2013
http://finance.yahoo.com/news/brixton-metals-expands-oban-zo…

[Popeye82]

Alliance Mining Commodities - Signs "Landmark Rail Agreement" with Guinea Government for Koumbia Bauxite Project, which holds ~2.0% of the world’s bauxite resources - Jun 28, 2013
www.amcbauxite.com/wp-content/uploads/2013/06/20130627-Rail-…

[Popeye82]

Polar Star Mining - BHP Billiton Selects Four Polar Star Properties, for Joint Venture - Aug 26, 2013
www.polarstarmining.com/NewsCentre/current-news-page/news-re…

[Popeye82]

Roxgold - announces an updated mineral resource estimate for the 55 Zone -of 1.123.000 Ounces @~12.89g/t Au I/I, one "of the worlds highest grade new gold discoveries"; ahead of upcoming PEA study - Aug 27, 2013
www.roxgold.com/s/NewsReleases.asp?ReportID=599736&_Type=New…

[Popeye82]

Growth Energy launches "You're No Dummy" anti-oil blitz; In Washington, ethanol industry advocacy group Growth Energy has launched an advertising campaign called "You're No Dummy" , in "an effort to help Americans better understand that the oil industry is trying to stop the growth of clean, green renewable fuels to protect their own bottom lines" - BD/GE, WASHINGTON, DC - Aug 28, 2013
www.biofuelsdigest.com/bdigest/2013/08/27/growth-energy-laun…
www.growthenergy.org/news-media/ethanol-in-the-news/growth-e…

[Popeye82]

Timberline Resources - Acquires Iron Butte Property, Within 11.000-Acre Nevada Claim Package - Azg 28, 2013
www.timberline-resources.com/main.php?page=190&press=209

[Popeye82]

Mercedes-Benz parent to build $2.700.000.000 China plant - CER/BB - Aug 28, 2013
www.chinaeconomicreview.com/node/64465

"Mercedes-Benz parent Daimler(DAI.ETR) is planning a US$2.700.000.000 factory in China, Bloomberg reported, citing Hubertus Troska, the company’s China head.

The plant "would be the luxury carmaker’s biggest". It is scheduled for completion as early as `14 +will double China production, to >200.000 units/year, according to Troska. The country is "on track to become the company’s most substantial market", by `15, he said. Daimler trails behind BMW(BMW.FRA) +Volkswagen’s(VOW.FRA, VOW.ETR) Audi, currently the top two luxury car brands in the world’s largest auto market. "

[Popeye82]

PetroChina managers resign, amid anti-graft probe - CER/BB - Aug 28, 2013
www.chinaeconomicreview.com/node/64466

"State-backed oil giant PetroChina(PTR.NYSE, 0857.HKG, 601857.SHA) on Tuesday said three high-level managers had resigned, as they are being probed by Chinese authorities, Bloomberg reported.

The managers are “currently under investigation by relevant PRC authorities,” the company said in a statement. The three are Li Hualin, chairman of Kunlun Energy(0135.HKG), a PetroChina unit; the company's vice president Ran Xinquan; +Wang Daofu, chief geologist. The probes @PetroChina "come amid a wider crackdown by "China’s top leadership" against official corruption." "

[Popeye82]

China's industrial profits up 11.6%, in July - CER/WSJ - Aug 28, 2013
www.chinaeconomicreview.com/node/64470

"China's industrial enterprises saw their earnings increase by 11.6% in July from a year earlier, the "latest sign of recovery", after months of lukewarm growth, The Wall Street Journal reported.

That beats June's 6.3% growth +follows improvements in exports, industrial output +the purchasing managers index, which "suggested the economy picked up in July". Total profits came to US$68.600.000.000(RMB419.600.000.000 in the month, China's National Bureau of Statistics said on Tuesday. Only enterprises with annual revenue >US$3.270.000(RMB20.000.000) are included in the figures. "

[Popeye82]

"Gold Industry Overview" - Jul 26, 2013
www.comstockmining.com/files/investor-library/CMI_GoldIndust…

[Popeye82]

Zitat von Popeye82: Bacanora Minerals - Announces Inferred Resource of 43.324.000 tonnes @1.6% Lithium Carbonate Equivalent("LCE"); P. Conroy: "We are "extremely pleased" with the initial lithium resource estimate +"look forward to continuing work in the coming months to further upgrade the resource "with a view towards demonstrating the commercial viability of the deposit" " " - Sep 5, 2012
http://finance.yahoo.com/news/bacanora-announces-inferred-71…

Zitat von Popeye82: Bacanora Minerals - Announces Preliminary Economic Assessment for La Ventana Lithium Deposit, "Estimated" @U.S.$848.000.000 NPV@8%, IRR of 138%, with a 1.9 year pay back +114.000.000 "estimated" Capital costs; Including Additional 16.800.000 Tonne Lithium Resource Estimate, for a Global Resource of 60.000.000tonnes @1.6% LCE I - Jan 25, 2013
http://bacanoraminerals.com/news/pdf/news20130125.pdf

Bacanora Minerals/Rare Earth Minerals Plc - Announces Resource Estimate -of 88.271.000 tonnes @1.68% LCE*(Lithium Carbonate Equivalent)/0.68% Li2O2 I, on Lithium Joint Venture Lands, the southward continuation of the La Ventana lithium deposit - Aug 28, 2013
www.marketwire.com/press-release/bacanora-announces-inferred…

[Popeye82]

Carlisle Goldfields - Announces Initial Gold Resource Estimate, for Farley Lake Mine Project -of 1.013.000 Ounces @~3.12g/t Au I/I - May 6, 2013
www.carlislegold.com/pressreleases/2013/MAY%206%202013%20cgj…



Carlisle Announces Successful Exploration Program -that Delineates 5.024.000 Ounces @~1.81g/t Au M/I/I - May 14, 2013
www.carlislegold.com/pressreleases/2013/MAY%2014%202013%20PR…
www.carlislegold.com/pdfs/Carlisle%202013%20Slidedeck.pdf

[Popeye82]

Zitat von Popeye82:

Zitat von Popeye82: Fairstar Resources - Secures Irrevocable 80% Funding, for Steeple Hill Iron Project - Jun 5, 2013

+ Irrevocable commitment to fund 80% ($AU260.000.000) of Steeple Hill Iron Project

+ A 50/50 profit sharing Joint Venture over SHIP deposit

+ Agreed budget retires FAS debt free; Company debt free

+ No dillution of FairStar shares

+ Negotiations "well advanced2 with a range of parties for remaining 20% funding +off take of SHIP ore (Indicated Resource of 20.000.000 tonnes in accordance with the JORC Code)

+ Additional access to funds from a credit line, totalling $AU640.000.000 "if +when needed" ...
www.fairstarresources.com/downloads/announcements/fas_201306…

FairStar Resources secures offtake through Contract of Sale Agreement, for 10.000.000 tons of SHIP Ore - Aug 8, 2013

+ Maiden Steeple Hill Iron Project(SHIP) offtake agreement;

+ 10.000.000 tonnes to be delivered, @the rate of 1.000.000 tonnes/annum, over ten years;

* Buyer -LuYang Group International Limited.

+ The execution of this offtake agreement "will be instrumental, in enabling FAS to secure its 20% funding commitment." ...
www.fairstarresources.com/downloads/announcements/fas_201308…

Acquisition of SHIP North - Aug 29, 2013

+ Iron ore rights converted, to full Company ownership

+ "Highly prospective; continuation of SHIP hematite rich alluvial gravels"

+ Additional 108 Square Kilometres tenement

+ Immediately north-east of Steeple Hill Iron Project(SHIP)

+ " "Potential" to augment SHIP resource"

+ Resource drilling to commence, upon securing 20% funding ...
www.fairstarresources.com/downloads/announcements/fas_201308…

[Popeye82]

Azure Minerals - "Porphyry Copper "Potential" Identified", @Cascada, drills "up to" 70.0m @2.6% CuEq, including 35.9m @4.5% CuEq1, 129.0m @2.9% CuEq, incl. 32.9m @6.3% CuEq, 61.5m @4.1% CuEq, incl. 29.4m @7.4% CuEq, 56.0m @2.9% CuEq, incl. 32.4m @3.7% CuEq, 101.5m @3.0% CuEq, incl. 40.9m @5.5% CuEq, 19.0m @6.0% CuEq +49.6m @1.4% CuEq, incl. 6.8m @2.6% CuEq - Aug 29, 2013
www.azureminerals.com.au/azs//assets/2013/08/Cascada-Drill-R…

[Popeye82]

Stonehenge Metals - Maiden Vanadium Indicated Resource +Uranium Upgrade -to 2.500.000 tonnes @~0.32% V2O5, for 17.300.000 Ibs V2O5 I/I +49.200.000 tonnes @~0.032% U3O8, for 35.700.000 Ibs U3O8 I/I, +"historic resource" of 46.000.000 tonnes @~0.031% U3O8, for 31.000.000 Ibs U3O8 I +"exploration target" of 70.000.000 -90.000.000 tonnes @0.25 -0.35% V2O5, for 385.000.000 -695.000.000 Ibs V2O5 - Aug 29, 2013
www.stocknessmonster.com/news-item?S=SHE&E=ASX&N=647121

[Popeye82]

Zitat von Popeye82: Core Exploration - Undrilled kilometre scale copper target grading 1% -5% Cu @surface Virginia Copper Prospect, NT; hass "pursued to take an early position in an area "it believes" will be Australia’s "new copper IOCG exploration hot-spot" " - Aug 12, 2013

"HL:"

+ Rock-chip sampling assays "up to" 34.0% copper @surface

+ Stratiform copper horizon, over 1km length

+ Strong copper in soil anomaly along strike in both directions

+ No previous geophysics or drilling ...
http://coreexploration.com.au/user_files/reports/20130812_CX…

All NT Tenements Granted -Project Presentation - Aug 29, 2013

+ Core’s Albarta Project in the NT now covers >2.000km2 fully granted tenure, in "Australia’s newest copper +IOCG exploration hotspot."

+ Albarta "hosts multiple occurrences of high-grade copper(+ silver) mineralisation, "indicating strong "prospectivity" +quality drill targets" "

- "Up to" 10% copper +2.200 g/t silver, @Blueys Prospect

- "Up to" 14% copper +72g/t gold, @Copper King mineral field

- "Up to" 34% copper, @Virginia Prospect

- 19.552ppb silver in soils, @new Inkheart Prospect

- >1% copper of 2km x 2km area , @Paradise Well Prospect

- "Large scale copper nickel PGE "target" ", @Mordor Project


+ Core’s "ground breaking" exploration is underway "+delivering "exceptional results" +"high-quality drill-ready targets", Q4 ´13 ...
http://coreexploration.com.au/user_files/reports/20130829_Al…

[Popeye82]

Eurozone production reaches two-year high - B&L - Aug 23, 2013
http://businessandleadership.com/business/item/42360-eurozon…

[Popeye82]

Zitat von Popeye82: New Pacific Metals - enters into a Memorandum of Understanding to acquire a 75% interest in the Longmenchang Silver-Gold-Lead-Zinc Property in Youxi County, Fujian Province, China; property is located in "one of the 16 prominent metallogeny belts in China", has a 300 ton/day flotation mill plant + a "historical resource estimate" of 4.830.000 tonnes @133.46g/t silver +0.23g/t gold(Chinese category 332+333) +9.839.000 tonnes @35.72% Fe(333); owners of Fujian Henyuan also operate several other silver polymetallic properties in Fujian Province, which the Company is currently reviewing, parties "have orally agreed that the Company be granted a right to acquire any of these properties, @the Company’s discretion" - Feb 28, 2012
www.newpacificmetals.com/_resources/news/nr_2012_02_28.pdf

New Pacific Enters Into Agreement To Acquire Majority Interest In RZY Silver-Lead-Zinc Project In Qinghai Province, China, from Silvercorp Metals; with " "Samples" "up to" " 3.015g/t Ag, 21.31% Pb +15.33% Zn, Two silver-lead-zinc mineralized zones, MI-1 +MI-2 ,with a strike extent of 6.5 kilometres +width of 25 to 100 metres, have been identified by historical surface work conducted by QGSI including trenching, pitting, geology mapping +geophysics surveying - Dec 21, 2012
www.newpacificmetals.com/news/index.php?&content_id=173
www.newpacificmetals.com/_resources/presentation/2013.07.04_…


New Pacific Acquires 80% Interest In Fortress Mining Inc., subsidiary of Silvercorp - Apr 8, 2013
www.newpacificmetals.com/news/index.php?&content_id=178

[Popeye82]

Walking the Walk - MCo-op - Aug 28, 2013
http://dominion.mediacoop.ca/story/walking-walk/18478

[Popeye82]

Alexander Mining plc - Patents Granted, in South Africa - Jul 11, 2013

I. A Method of Oxidative Leaching of Sulfide Ores +/or Concentrates, patent number 2011/09113. This is the core patent for MetaLeach's HyperLeach® technology +has a standard term of twenty years from the effective date of 26 May ´10(being the date of original filing). As previously announced, the Company has also been granted corresponding patents for this technology in Australia +Mongolia.

The patent describes a method for leaching one or more target metals from a sulphide ore +/or concentrate containing such metals.


II. A Method for Leaching Cobalt from Oxidised Cobalt Ores, patent number 2011/09114. The patent has a standard term of twenty years from the effective date of 6 Aug ´10(being the date of original filing of the PCT Application, from which the Australian patent is derived). As previously announced, corresponding patents for this technology have also been granted, in Australia.

The patent describes a method for leaching cobalt from a non-lateritic oxidised cobalt ore. ...
http://hsprod.investis.com/ir/axm/ir.jsp?page=news-item&item…



Zinc Patent Granted, in the USA - Aug 1, 2013

+ The patent, which has also been granted in Australia +Mexico(as announced on 10 Sep `12 +8 Apr `13, respectively), describes a method for extracting zinc from an aqueous ammoniacal zinc solution containing impurities; the granted claim is as follows: A method for extracting zinc from an aqueous ammoniacal zinc solution containing impurities, the method comprising the steps of:

i. contacting the aqueous ammoniacal zinc solution, containing impurities with an organic phase comprising an ammonium salt of an organic extractant dissolved in a hydrophobic diluent, allowing transfer of the zinc to the organic phase +transfer of ammonium to the aqueous phase, thereby providing a zinc-enriched, ammonium-depleted organic phase +an ammonium-enriched, zinc-depleted aqueous phase containing impurities;

ii. separating the zinc-enriched, ammonium-depleted organic phase from the ammonium-enriched, zinc-depleted aqueous phase containing impurities;

iii. contacting the zinc-enriched, ammonium-depleted organic phase with an aqueous solution containing positively charged species, allowing transfer of the zinc from the organic phase +transfer of positively charged species from the aqueous phase, thereby providing an aqueous zinc solution +an organic phase containing a zinc-depleted organic extractant; +

iv. recovering the zinc from the aqueous zinc solution. ...
http://hsprod.investis.com/ir/axm/ir.jsp?page=news-item&item…
www.alexandermining.com/files/AGM_Presentation_20_June_2013.…

[Popeye82]

PDL BioPharma - Announces 2nd Quarter `13 Financial Results, Net Income of $0.62/diluted share - Aug 8, 2013
http://files.shareholder.com/downloads/ABEA-6FA0L9/265867692…

[Popeye82]

Commander Resources - Attains 100% Ownership of South Voisey's Bay Nickel Project - Aug 15, 2013
www.commanderresources.com/i/pdf/nr13-09.pdf

[Popeye82]

Mongolia to scrap foreign ownership law, Mongolia is "really worried about falling foreign investment in the country" - M.com/RC - Aug 27, 2013

- F. Els -
http://resourceclips.com/2013/08/27/mongolia-to-scrap-foreig…

[Popeye82]

Poly Shield Technologies - Enters Into Agreement with LMS Shipmanagement Inc. of Mobile, Alabama, for Multiple Installations of the DSOX-15 Fuel Purification System - Jul 24, 2013
www.polyshieldtechnologies.com/poly-shield-technologies-inc-…



New World Technologies Group Inc., a Wholly Owned Subsidiary of Poly Shield Technologies Inc. Launches Newly Developed Products, for the Commercial Property Market - Aug 5, 2013
www.polyshieldtechnologies.com/new-world-technologies-group-…



Poly Shield Technologies Inc.’s Wholly Owned Subsidiary, New World Technologies Group Inc., Has Completed a Feasibility Study +Energy Survey for Villa Regina Condominiums in Miami, Florida - Aug 8, 2013
www.polyshieldtechnologies.com/poly-shield-technologies-inc-…



Poly Shield Technologies Inc., Receives Request By a 2nd Major Cruise Line Company, to Perform a Ship Installation Survey for the DSOX-15 Fuel Purification System, which "represents the most economical solution in the race to reduce exhaust emissions in the maritime industry, in time to meet the more stringent emission regulations scheduled to take effect, in `15" - Aug 12, 2013
www.polyshieldtechnologies.com/poly-shield-technologies-inc-…

[Popeye82]

Antwort auf Beitrag Nr.: 45.287.085 von Popeye82 am 20.08.13 17:21:38

C-COM Satellite Systems - Announces Global Strategic Partnership, With Vislink - Aug 29, 2013
www.marketwire.com/press-release/c-com-announces-global-stra…

[Popeye82]

Gold sector "gears up for strikes"; South African gold producers are preparing for bruising strikes, that could start as early as this Sunday, with some companies planning for stoppages of up to three months, in a high-stakes fight between capital +labour - MR/F24, JOHANNESBURG - Aug 19, 2013
www.miningreview.com/node/22607

[Popeye82]

Sapphire Energy - Statement from Cynthia ‘CJ’ Warner, CEO +chairman of Sapphire Energy, Regarding the Awarding to Dr. Leroy Hood of a National Medal of Science, from President Barack Obama, @the White House - Feb 1, 2013
www.sapphireenergy.com/press-article/1442716-statement-from-…



Scientists Publish 1st In-depth Analysis Of Algae Parasite Impact On Scalable Algae Biofuel Production, In Plos One Journal - Feb 20, 2013
www.sapphireenergy.com/documents/Sapphire%20Energy%20A%20%20…
www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.…
www.plosone.org/article/fetchObject.action?uri=info%3Adoi%2F…



Sapphire Enters Into A Commercial Agreement With Tesoro, a Fortune 150 company, with combined refinery capacity of ~675.000 barrels/day, For Purchase Of Green Crude Oil; Achieves Major Milestone with Continuous Green Crude Oil Production - Mar 20, 2013
www.sapphireenergy.com/documents/Sapphire%20Energy%20Tesoro%…



Sapphire Energy +Linde Group, a "world-leading gases and engineering company", Expand Partnership, to "commercialize a new "industrial scale conversion technology", needed to upgrade algae biomass into crude oil" - Jul 16, 2013
www.sapphireenergy.com/documents/Sapphire%20Energy%20and%20L…



Sapphire Energy Pays Off Government Loan Guarantee, As "a result of the USDA’s loan guarantee +USDOE’s support, Sapphire Energy is "now producing the world’s 1st renewable crude oil" , +is "in the process of scaling up the technology" "; In partnership with the USDA +the U.S. Department of Energy, Sapphire Energy developed +implemented its facility, known as the Green Crude Farm, on time +on budget. Today, the Farm is operational +producing renewable crude oil, on a continuous basis; Cynthia 'CJ' Warner: "Sapphire Energy is very grateful to the USDA for supporting algae crude oil as an alternative source of energy, as well as "our vision to make this industry a reality". With their backing, we did exactly what we set out to do. We "grew our company, advanced our algae technologies, +built, on time +on budget, the 1st, fully operational, commercial demonstration, algae-to-energy facility that delivers a proven process for producing refinery-ready Green Crude oil". We could not have built this 1st of a kind facility without the support of the USDA. Moving forward, our "focus is on commercializing our technology +expanding operations, to bring crude oil production to commercial demonstration scale as planned" "; company "expects to be producing 100 barrels of crude oil/day in `15, +@commercial-scale production in `18" - Jul 30, 2013
www.sapphireenergy.com/documents/SAPPHIRE%20ENERGY%20PAYS%20…

[Popeye82]

Vermont's Only Nuclear Plant Becomes 5th Reactor, to Close in `13 - DT - Aug 28, 2013

- Jason Mick -
www.dailytech.com/Vermonts+Only+Nuclear+Plant+Becomes+Fifth+…

[Popeye82]

Nissan "to Offer Autonomous Vehicles , by 2020 " , The "plan is to make them widely available +affordable by that time" - DT - Aug 28, 2013

- Tiffany Kaiser -
www.dailytech.com/Nissan+to+Offer+Autonomous+Vehicles+by+202…
http://reports.nissan-global.com/EN/?p=12577
http://reports.nissan-global.com/EN/?p=12573

"Nissan announced that it will offer autonomous vehicles that will have broad availability +an "affordable price" by `20.


Nissan's plan is to deliver several vehicle models with its Autonomous Drive technology by the end of this decade, +Nissan CEO Carlos Ghosn "will push hard to make sure that goal is met."

“In `07 I pledged that – by `10 – Nissan would mass market a zero-emission vehicle,” Ghosn said. “Today, the Nissan LEAF is the best-selling electric vehicle in history. Now I am committing to be ready to introduce a new ground-breaking technology, Autonomous Drive, by `20, +we are on track to realize it.”

Nissan is hoping for "availability across the model range within two vehicle generations."

Nissan is already working hard toward its goal. The automaker has been working with several colleges such as MIT, UC Berkeley, Carnegie Mellon, Stanford, Oxford, the National Institute of Advanced Industrial Science +Technology, Virginia Tech, +almost every major university in Japan to develop the autonomous technology.

In addition, Nissan is working on an autonomous vehicle testing facility in Japan, which should be completed next year.

Back in February, Nissan announced its Silicon Valley research center for autonomous vehicles. The new facility is called the Nissan Research Center Silicon Valley(NRC-SV), +it will use partnerships with educational institutions +companies to work on projects for new vehicle technologies.

Nissan's autonomous vehicle technology will be based off of its current Safety Shield tech, which monitors a 360-degree view around a vehicle for risks +offers warnings to the driver. It will even respond to the situation if necessary.

We may have to wait until `20 for Nissan's autonomous vehicles, but in the meantime, the automaker is making strides in the electric vehicle industry. For instance, it announced that it will offer a new battery design for the all-electric Leaf in April `14 if current testing goes well. The new design aims to help the Leaf's battery from depleting under severe weather conditions(mainly heat).

Nissan has seen a surge in Leaf sales this year, +updating its battery design can only help its cause. In July, it was reported that Nissan is now selling ~2.000 Leaf electric vehicles each month(about 4 times the volume, it was selling about a year ago). To meet this new demand, Nissan is slowly ramping up production of the Leaf @its manufacturing facility, in Tennessee. "

[Popeye82]

Sandfire Resources - announces a maiden full-year profit, of $A88.000.000, as the DeGrussa mill achieved record throughput in July - Aug 29, 2013
www.sandfire.com.au/files/dmfile/28Aug13-SFRAnnouncesMaidenA…

[Popeye82]

Central Petroleum - Begins Farmout Exploration - Aug 30, 2013
www.centralpetroleum.com.au/files/downloads/asx_announcement…

[Popeye82]

Vopak, der "Speicherkönig aus Rotterdam" - t4l - Aug 30, 2013
www.trading4living.de/3693/vopak-oel-gas/

[Popeye82]

Avino Gold &Silver Mines - Reports Q2, ´13 Net Earnings of $1.450.000, $0.05/Share +Cash Flow from Operations of $2.343.377, $0.09/Share - Aug 30, 2013
www.avino.com/s/news.asp?ReportID=600324

[Popeye82]

Antwort auf Beitrag Nr.: 45.357.511 von Popeye82 am 30.08.13 14:52:01

Avino Silver Provides Updated Mineral Resource Estimate, for the Avino Property -of 11.193.963 Tonnes @~187.57g/t AgEquiv., for 54.274.276 Ounces AgEquiv. M/I/I - Jun 13, 2013
www.avino.com/i/pdf/nr/2013-06-10_NR.pdf

[Popeye82]

Full Metal Zinc - Signs "Binding Letter of Intent", to Acquire the San Andres Silver Project +Mill, Durango, Mexico, reportedly produced 17.000.000 ounces of silver from multiple mines between 1890 +1915 through the on-site direct smelting of high-grade narrow veins; located 8km east, +" "potentially" part of the same metallogenic system as Chesapeake Gold’s Metates Deposit", with Reserves 18.500.000 oz. Au, 526.000.000 oz. Ag +4.200.000.000 lbs. Zn, also located six kilometers south of the San Miguel del Cantil Mine, a privately owned, 1.200 tonnes/day high-grade underground gold-silver mine; From ´08 to ´12 the Vendors consolidated the land package around the historic operations, drilled 13 short core holes +assembled a 300 tonne/day mill/concentrator +tailings facility @the San Andres Property, to process dump material, investing >$6.000.000 in the process. The majority of the San Andres Property has not received modern surface exploration or diamond drilling. In addition to fully functional camp buildings located @site the San Andres Property lies within 6km of overhead power +is road accessible; +Undertakes "up to" a $1.000.000 Financing - Aug 29, 2013
http://fullmetalzinc.com/full-metal-zinc-signs-binding-lette…

[Popeye82]

Europe to invest €3.800.000.000, in the biobased economy - Jul 19, 2013
www.novozymes.com/en/news/news-archive/Pages/Europe-to-inves…
http://europa.eu/rapid/press-release_IP-13-668_en.htm
http://bridge2020.eu/
http://bridge2020.eu/wp-content/uploads/2013/02/BRIDGE-Visio…

"Today, the European Commission proposed a €3.8 billion Public Private Partnership (PPP) on Biobased Industries, in order to accelerate the commercialization of biobased products in Europe. The European Commission will invest €1 billion and industry €2.8 billion, from 2014 to 2020, to boost market uptake of new biobased products that are “made in Europe”.


The partnership promotes the use of various sources of sustainable biomass and waste to produce everyday products such as food, feed, chemicals and fuels. The use of local biomass and waste will generate growth and jobs in rural areas across European regions, while reducing the EU’s reliance on fossil fuels, thereby offering sustainable alternatives to oil-based products and enhancing energy and food security. Novozymes is part of this initiative alongside 47 leading European companies in the biotech, chemical, energy, agro-food and pulp and paper sectors.

"The Biobased Industries PPP is essential for Europe to remain competitive in the global race for the development of a biobased economy,” says Novozymes CEO Peder Holk Nielsen. “It is an opportunity for reindustrialization and for reversing the investment trend currently going to other regions of the world because of more attractive policy frameworks.”

The PPP will capitalize on Europe’s innovation and technological leadership to bring biobased solutions from research labs to the market. Various sectors will be brought together to optimize and create new value chains, such as connecting farmers and foresters directly to consumers.

The PPP is part of the European Commission’s Innovation Investment Package that was released today. The PPP is expected to start its activities in early 2014 following approval from EU Member States.


Read more

# Press announcement by the European Commission
#About Bridge2020
#Biobased Industries PPP Vision "

[Popeye82]

European All-gas project, the world’s largest project to convert algae into clean energy using wastewater, produces 1st algae crops, for bioenergy - BDM/FCC Aqualia - Aug 8, 2013
www.biodieselmagazine.com/articles/9259/european-all-gas-pro…

"The EU-backed All-gas project, the world’s largest project to convert algae into clean energy using wastewater, has successfully grown its first crop of algae biomass at its site in Chiclana, Southern Spain. This is a major breakthrough for the pioneering investigation, which aims to obtain low-cost biofuel from algae grown in wastewater.


The algae crop has produced outstanding results—the biomass obtained shows a particularly high energy potential relative to its digestibility level, with a methane production capacity of around 200-300 liters of gas per kilogram of biomass processed by anaerobic digestion. The microalgae also allow the purification of wastewater to a high standard.

Launched in May 2011, the five-year project has already completed its pilot phase (the first two years) in a 200 square meter facility. The plans for the construction of the biomass plant are on schedule, and a 1-hectare prototype is under construction. The project’s final phase will span 10 hectares—the equivalent of 10 football fields.

In terms of surface area, this will be the first time a project of this scale (10 hectares of cultivation) will be implemented in the world for the cultivation of algae into bioenergy using wastewater treatment. In New Mexico, there is a 6-hectare biofuel production site—but this uses artificial fertilizer not waste nutrients. Various other installations around 10 hectares do exist but use food-based crops.



- The All-gas project proposes using wastewater, as well as CO2, generated in biomass boilers from residuals such as garden waste or olive pits to feed algae. -


It is expected that by 2016, the biofuel produced by the All-gas project will be enough to power 200 vehicles. When the project reaches its demonstration phase, the biogas produced will be used to power public buses and garbage trucks in the region of Cadiz.

Frank Rogalla, project coordinator and FCC Aqualia’s director of innovation and technology, said, “This original new approach to bioenergy means that Spain’s 40 million population could power 200,000 vehicles every year -with a single toilet flush. The All-gas project is going to change the face of wastewater treatment by generating a valuable energy resource from what was previously considered undesirable waste.”

In recent years, the European Union has made a decisive commitment to the pursuit of new sources of clean energy. The current aim is that 20 percent of the energy produced in Europe will come from renewable sources by 2020. In this context, the €12 million All-gas project, with EU funding of €7.1 million, can be considered a global benchmark.

The raw material used to obtain the biofuel—wastewater—is a waste product, whose treatment actively consumes energy and resources. The All-gas project proposes using this wastewater, as well as CO2, generated in biomass boilers from residuals such as garden waste or olive pits to feed the algae, which in turn are converted into biogas. A part of the biogas is CO2, which gets separated from the biomethane and recycled.

As Nicolas Aragon, Chiclana’s environmental councilor, explains, “This is not only an R&D project, but also a way of reducing costs and investing in the protection of our natural environment. Chiclana is a worldwide tourist destination and from now on, we will show that along with attracting visitors with our sunshine and beaches, we can also grow sustainable biofuel with our natural resources.”

Furthermore, this technology avoids the controversy that surrounds other biofuel projects, which are based on large-scale food crops. Food-based biofuels have been criticized for raising food prices as well as having an adverse environmental effect. The All-gas system is also self-sufficient as it runs on the energy it produces and it is part of an integral water management system.

The All-Gas consortium is led by FCC Aqualia, and comprises five other organizations, from Germany (Fraunhofer – Gesellschaft), Austria (BDI), the Netherlands (Feyecon y Hygear) and the UK (University of Southampton). "

[Popeye82]

Santacruz Silver Mining - Provides Update on 2nd Quarter `13 Operations - Aug 30, 2013
www.santacruzsilver.com/i/pdf/nr/Aug-30-13-Operations-Update…

[Popeye82]

Cancana Resources - Announces Land Lease Agreement & Lifting of MCTO - Aug 30, 2013
www.marketwire.com/press-release/cancana-announces-land-leas…

[Popeye82]

Die "Hausse der Crashpropheten" - t4l - Aug13
www.trading4living.de/3708/hausse-crashpropheten/

[Popeye82]

Capital base of Chinese banks not as strong as bosses claim; Lenders' capital-to-asset ratios do not adequately reflect exposure to off-balance sheet loans, made through shadow banking channels - SCMP - Aug 30, 2013

- T. Holland -
www.scmp.com/business/article/1300482/capital-base-chinese-b…

[Popeye82]

Inside Mining - Aug13
http://3smags.co.za/digimag/InsideMining/2013-08/files/html5…

[Popeye82]

Zitat von Popeye82: Ferrex Plc - Scoping Study Update "Substantially Improves Economics, @Malelane Iron Ore Project", primarily a result of improved fines recovery that the Company has been investigating for the last 6months; D. Reeves: "These updated Scoping Study numbers "have substantially enhanced the already excellent economics of Malelane" +"with the Capital Intensity continuing to fall, the Project is well within the 1st 1/4 of iron ore projects, world-wide." As a result of metallurgical testwork conducted over the past six months, an increase in mass recovery of the fines, from 20% to 37%, has been achieved by using an alternative density separation method. This, combined with a reduction in quoted rail costs to the port of Maputo, has delivered the significant improvements in operating costs, product produced +accordingly, the Project’s IRR +NPV" - Jan 7, 2013

+ NPV10 increased by 65% -to USD523.000.000(pre-tax)

+ IRR increased by 44% -to 72%(pre-tax)

+ Capital Intensity reduced -to USD72/t*

+ Operating Costs reduced -"commencing" @USD44/t Freight on Board(‘FOB’)

+ Production increased -to 1.800.000t/anno, @57% iron(‘Fe’)(62% CaFe)

+ Resource based on 1.1/14km strike length ...
www.ferrexplc.com/documents/MalelaneScopingStudyUpdate04.01.…

Zitat von Popeye82: Ferrex Plc - Increased Exploration Target Tonnes +Grade, @Malelane -to 1.600.000.000t -2.000.000.000t @28 -30 % Fe - Jun 5, 2013

+ Independent review by the Company’s consultant geologist has increased the Malelane "Exploration Target*" -from 775.000.000 -930.000.000t @34 -36% to 1.600.000.000t -2.000.000.000t @28 -30 % Fe.*

+ "Exploration Target" contains a higher grade portion, that contains 900.000.000t to 1.200.000.000t @36 -38% Fe, @a 20% Fe cut-off

+ New target based on applying geological model from drilling across three mapped Banded Iron Formation outline, which extends for 14km across 300m widths, @Malelane

+ "Significant potential" to increase current Inferred JORC code compliant resource of 139.000.000t @37% in the long-term(resource only covers 1.1km of 14km BIF strike) ...
www.ferrexplc.com/documents/IncreasedExplorationTargetatMale…

Updated Exploration Target for Mebaga Iron Ore Project in Gabon -of 630.000.000 -1.050.000.000 Tonnes @~26 - ~42% Fe , up from 20.000.000t @60% Fe , +Drilling Update; Dave R.: "The upgrade in size of the "Exploration Target" is exciting +"strengthens our "belief" in the "potential" of the Mebaga Iron Ore Project", to host a "significant" DSO* deposit. Additionally, "given that we "consider" the target figure is conservative", "being based only on modelling just over 1/2 of the " "potential" strike length of the banded iron formation(‘BIF’ )in our licence", the " "potential" exploration upside qthe project is substantial." In "light of this, we view our close proximity to quality infrastructure, which is a stringent criteria across our African portfolio of iron ore +manganese assets, as "highly beneficial" to our future development strategy." I am also pleased to report that both the drill programme +drill core processing are progressing well. With recently completed holes, intersecting "significant" widths of iron ore mineralisation, I look forward to reporting positive results, as the programme continues, towards defining a JORC Code compliant resource in the initial targeted area" - Aug 8, 2013

+ New Exploration Target1 of between 630.000.000t - 1.050.000t estimated by specialists Core Geophysics, based on available geophysical data +results of reconnaissance geological mapping, undertaken by Ferrex:

- 90.000.000 - 150.000.000t Oxide material @35 to 65% Fe(grade based on rock sample assay results +historical data for samples, collected from BRGM pits) - oxide material made "up of" DSO* +bBSO* material

- Previous "Exploration Target"1 that BRGM defined for DSO* material, of 20.000.000t @60% Fe, was generated over 1.8km of the updated oxide target; this now has 11.65km of identified strike

- 540.000.000t - 900.000.000t primary(fresh) material @25 to 40% Fe(grade based on rock sample assay results)


+ " "Significant" upside "potential" ", with "Exploration Target" –additional 8km strike length of "low intensity magnetic anomalies", or demagnetised zones, not included in estimate

+ 3.000m diamond drilling programme ongoing, with five holes completed, for 393.15metres -all holes drilled to date have intersected "significant" iron ore, full assay results due Q3 `13, which will provide a maiden JORC compliant resource in H2 `13

+ " "Excellent" infrastructure in place –30km from a sealed highway, 100km north of the Trans-Gabon railway ...
www.ferrexplc.com/documents/GabonMebagaexplorationtarget05.0…

[Popeye82]

Oil giants "barred from new projects, after missing pollution targets"; Beijing makes state energy companies pay the price for failing to meet pollution targets - SCMP - Aug 30, 2013

- Eric Ng +Li Jing -
www.scmp.com/business/companies/article/1300306/china-enviro…

"China's largest oil and gas producer, PetroChina, has been barred from expanding its refining and chemical production capacity.


The Ministry of Environmental Protection said yesterday the energy giant had failed to meet its target for cutting chemical oxygen demand (COD) - a measure of organic pollutants from waste water in rivers and lakes.

The fresh blow came after it emerged this week that three of its senior officials were being investigated by Beijing authorities for alleged discipline violations .

Another state energy giant, China Petroleum & Chemical (Sinopec), missed its target for reducing nitrogen oxide emissions.

The ministry said it had halted all environmental impact approvals for construction of refineries and chemical plants by the two companies as well as overhaul and expansion projects, apart from those that would upgrade fuel quality, conserve energy and cut pollution.

Xinhua, citing data from the ministry, reported that PetroChina's COD emissions fell 0.08 per cent last year -short of its target of a cut of 0.6 per cent , while Sinopec's nitrogen oxide discharges grew by 1.28 per cent -against its goal of zero growth .

In a comment piece, the Communist Party mouthpiece People's Daily said some of PetroChina and Sinopec's operating units were still implementing emission standards from 17 years ago, and that some had faked pollution data .

Sinopec and PetroChina said they would strive to meet pollution control requirements and that the ban would not affect their operations in the "short term". A PetroChina spokesman said projects already approved would be enough to meet demand for the next few years.

Yesterday's release by the ministry of last year's pollution control records for 31 provinces and administrative regions and eight energy giants directly under the control of Beijing came at a "sensitive" time for PetroChina.

PetroChina said on Wednesday that three of its senior officials were being probed for alleged violations of discipline, while another top-level manager at parent company China National Petroleum Corp was reported by Xinhua on Tuesday to be under investigation for "gross violation of party discipline".

Lin Boqiang, director of the China Centre for Energy Economics Research at Xiamen University, said major state-owned power generators had faced similar bans before.

In 2007, Datang International Power Generation, China Guodian Group, China Huadian Group and China Huaneng Group were banned from work on new projects after failing to close old plants and install pollution control gear.

Li Bo, a senior consultant to environmental advocacy group Friends of Nature, said past experience showed that the ministry's bans on new industrial projects were sometimes ineffective, with the penalties fizzling out and failing to truly deter polluters.

Li cited a ban imposed by the ministry in August 2011, following a heavy-metal-pollution scandal, in Qujing , Yunnan province, which was lifted eight months later -amid questions by local environmental groups about how the waste was treated . "

[Popeye82]

Antwort auf Beitrag Nr.: 45.360.965 von Popeye82 am 31.08.13 06:02:03

"China’s big banks "wave red flag", over rising bad debts"; BOC +ICBC raise concern over increase in non-performing loans, as they report interim results that are better than market forecasts - SCMP - Aug 31, 2013

- Jane Cai in Beijing +Jeanny Yu -
www.scmp.com/business/banking-finance/article/1300508/big-ba…

"Bank of China and Industrial and Commercial Bank of China completed a run of forecast-busting profit reports by the mainland's Big Four lenders yesterday, but both institutions signalled a risk of rising bad debts, that investors worry are building across the banking system.


ICBC, the mainland's biggest bank by market capitalisation, said it made net profit of 69.6 billion yuan (HK$87.6 billion) in the second quarter, up 12.5 per cent on the same period last year, while BOC - the country's No 4 lender - said net profit in the quarter was 40.9 billion yuan, a rise of 17 per cent year on year.

Both numbers were comfortably ahead of analyst forecasts and nestled neatly between the 22 per cent increase in net income reported by Agricultural Bank of China and the 9.7 per cent profit growth by China Construction Bank in second-quarter earnings statements this week.

"Mainland banks generally delivered better-than-expected results for the first half, showing their resilience amid the economic slowdown," said an analyst with a Beijing-based investment bank who declined to be named, citing company policy.

"However, they are set to face headwinds from the continuing economic deceleration in the second half, which will see formation of more soured loans from local government financial vehicles, among other sectors."

ICBC said it had made 9.8 billion yuan worth of provisions for bad debts in the quarter, up from 9.1 billion yuan in the same period last year. BOC's 14.1 billion yuan of provisions were 276 per cent greater than those made a year earlier.

BOC president Li Lihui told reporters in Hong Kong: "In the second half, it's likely net interest margin will be unchanged from the 2.23 per cent in the first half or slightly narrower, impacted by the progressing interest rate deregulation, but we have confidence in asset quality due to our intensified risk controls."

Overdue loans at ICBC not yet designated as non-performing loans rose to 69.2 billion yuan, or 0.73 per cent of all lending, from 0.71 per cent at the end of last year.

ICBC president Yi Huiman said in Beijing: "Non-performing loans are still well managed, and we have made strong and solid allowance for them … We will be able to hold down our NPL ratio far below our annual target ratio."

The bank set a target of 1.2 per cent at the beginning of the year.

The risk of rising bad debts is stalking the financial system as the economy struggles to stabilise after lurching through a two-quarter slowdown that has left it on track for its slowest full year of growth in 23 years.

Firms are struggling to repay loans as foreign orders for the mainland's export-oriented manufacturers remain depressed by recessionary risks in the European Union - its biggest market - a tepid consumer recovery in the United States and rising competition from Japan after a plunge in the value of the yen made Japanese goods cheaper.

That has put banks on notice that they will need to raise capital to offset debt.

China Merchants Bank, the mainland's sixth-largest lender, has put itself at the front of the queue for capital. It won regulatory approval earlier this month to raise 35 billion yuan from shareholders in a stock offering that is likely to be the world's second-biggest this year.

Agricultural Bank confirmed yesterday that it is working on plans to raise capital by issuing preferred shares. News of the planned offer came during a briefing for analysts by the bank, a day after it posted results, Reuters reported. "

[Popeye82]

SinoMedia Holding - Interim Results Announcement for the Six Months ended 30 Jun `13, Earnings up 115%, to 0.306/0.296RMB/Share - Aug 22, 2013
www.sinomedia.com.hk/en/WebPic/ggth/201308220525.pdf
www.aastocks.com/marketcomment/pdf/117100.pdf

[Popeye82]

YTC Resources - "continues construction of gold +base metals project, in NSW" - Aug 28, 2013
www.ytcresources.com/public/documents/5/8/1250047.pdf

[Popeye82]

"Imminent strikes to hit world's largest copper producers" - SG/M.com - Aug 31, 2013
www.steelguru.com/metals_news/Imminent_strikes_to_hit_worlds…

[Popeye82]

Chinesen "wollen Öl aus Ägypten"; Der chinesische Ölkonzern Sinopec zahlt Milliarden für den Einstieg in den ägyptischen Rohstoffmarkt. Dort "sollen >600.000.000 Barrel Rohöl schlummern" - DW/AFP/AP - Aug 30, 2013
www.dw.de/chinesen-wollen-%C3%B6l-aus-%C3%A4gypten/a-1705678…

" Der chinesische Ölkonzern Sinopec zahlt Milliarden für den Einstieg in den ägyptischen Rohstoffmarkt. Dort sollen über 600 Millionen Barrel Rohöl schlummern.

Der chinesische Staatskonzern Sinopec will sich an Öl- und Gasgeschäften in Ägypten beteiligen. Das Unternehmen werde 3,1 Milliarden US-Dollar (umgerechnet rund 2,3 Milliarde Euro) an das US-Unternehmen Apache zahlen, das seit 20 Jahren in Ägypten aktiv ist. Sinopec teilte am Freitag in Peking mit, er wolle somit etwa ein Drittel des ägyptischen Geschäfts von Apache übernehmen. Auch Apache hat den Deal bestätigt.

Sinopec ist nach Volumen zurzeit das zweitgrößte Raffinerieunternehmen weltweit und will trotz politischer Unruhen in den Rohstoffmarkt in Ägypten einsteigen. Der amerikanische Geschäftspartner Apache betonte, die vom Deal betroffenen Öl- sowie Gasfelder befänden sich im westägyptischen Wüstengebiet. Das sei weit weg vom politischen Brennpunkt.

Apache förderte 2012 täglich etwa 100.000 Barrel Rohöl und zehn Millionen Kubikmeter Erdgas in Ägypten. Sinopec schätzt, dass es in dem Land noch 641 Millionen Barrel Ölreserve (Stand 2012) gebe. Seit 2003 ist China der zweitgrößte Ölkonsument nach den USA. Um die Rohstoffsicherheit zu gewährleisten, sind Chinas Energieriesen wie Sinopec stets auf der Suche nach neuen Öl- und Gasquellen im Ausland. "

[Popeye82]

Liberty Mines to acquire Canada’s Snow Lake gold project, for $20.000.000 - EBR - Aug 30, 2013
http://mineralsandmaterials.energy-business-review.com/news/…
www.libertymines.com/News-and-Events/News-Releases/News-Rele…

"Nickel exploration company Liberty Mines has entered into a binding term sheet with Canada-based QMX Gold to acquire 100% of Snow Lake gold project in Manitoba, for $20m.

With the proposed transaction, Liberty Mines will become a near term gold producer with two fully permitted mills located in two Canadian gold camps.

The Snow Lake Property's assets comprise the New Britannia Mine with associated plant, infrastructure, and equipment including a fully permitted 2,150t per day modern mill and tailings facility.

The property includes about 104km² of mineral claims and leases containing over ten known mineralized zones, including four gold deposits with 43-101 resources of 1.064.700 Ounces @~4.24g/t M/I/I, including Proven and probable reserves of 451.900 Ounces @4.04g/t Au.

The 2010 feasibility study (the "Feasibility Study"), based on an average gold price of $1.150, of the Snow Lake Property will be the basis upon which Liberty Mines expects to re-commence production activities. The Feasibility Study can be found under QMX's company profile on SEDAR and highlights of the Feasibility Study include:

- Pre-Production Capital Expenditures $40.8 million;
- Payback Period 1.7 years;
- Recoveries 93.3 %;
- Average Annual Production 83,000 oz.Au;
- Mine Life 5 years; and
- Accumulated Cash Flow (Pre Tax) $140.7 million.


In connection with the proposed acquisition, and effective immediately, Liberty Mines has appointed David Rigg, former chairman, president and chief executive officer of QMX Gold, as its president and chief executive officer. "

[Popeye82]

Romania approves draft law, for Europe’s biggest gold mine - EBR - Aug 29, 2013
http://mineralsandmaterials.energy-business-review.com/news/…
http://gabrielresources.com/documents/GBUPressReleasereGover…

"Romanian Government has given approval for the draft legislation that will allow Canada-based Gabriel Resources to open Rosia Montana Project – Europe’s biggest gold mine project.


The proposed law, if adopted by the parliament, will provide framework to boost the development of the mine at Rosia Montana and other mining projects in Romania.

The draft law has been passed on certain measures related to the exploitation of the gold-silver deposits from Rosia Montana and stimulation and facilitation of mining development in the country.

Gabriel Resources controls the mine project through its local unit, Rosia Montana Gold (RMGC), in which Romanian Government also has share that will increase to 25% from the current 20%, by the time construction begins.

Gabriel Resources president and chief executive officer Jonathan Henry said the Romanian Government's decision to approve a law specific to the Rosia Montana Project represents a significant milestone for all stakeholders.

"A Parliamentary adoption of the proposed law will enable Gabriel to build Romania's first modern mine, creating direct and indirect employment, and providing significant cultural, environmental and economic benefits," Henry added "

[Popeye82]

Zitat von Popeye82: Dynacor Gold Mines - Announces Best Month of Production in the Company's History - Jun 23, 2011
http://dynacorgold.com/en/archives-description.php?param=137

Zitat von Popeye82: Dynacor Gold Mines: Announces Record Gold(21.734 ounces) +Silver(40.416 ounces) Production from Custom Milling, for the 1st 6 months of `11 - Jul 22, 2011
http://dynacorgold.com/en/archives-description.php?param=139

Zitat von Popeye82: Dynacor Gold Mines - Gold Production +Grades Jump Significantly, Marking the 3rd Record Breaking Month for ´12 - Aug 24, 2012
http://dynacorgold.com/en/news-description.php?param=418

Zitat von Popeye82: Dynacor Gold Mines to build a $4.500.000 2nd Gold-Ore Processing Plant - Oct 24, 2011
http://dynacorgold.com/en/archives-description.php?param=200

Dynacor Gold Mines continues to increase its gold processing capacity +reports an all-time record production, of 4.255 ounces of gold in oct `11 - Nov 22, 2011
http://dynacorgold.com/en/news-description.php?param=204

Zitat von Popeye82: Dynacor's gold production surpasses 46.000 ounces, in `11 - Jan 11, 2012
http://dynacorgold.com/en/archives-description.php?param=205

Zitat von Popeye82: Dynacor Announces Record Sales, of US$74.600.000 - Mar 29, 2012
http://dynacorgold.com/en/archives-description.php?param=217

Zitat von Popeye82: DYNACOR: GOLD +SILVER PRODUCTION CONTINUES TO SOAR, IN Q1-`12 - Apr 19, 2012
http://dynacorgold.com/en/archives-description.php?param=402

Zitat von Popeye82: DYNACOR ANNOUNCES RECORD NET QUARTERLY INCOME, OF US $1.700.000/$0.05/share - May 14, 2012
http://dynacorgold.com/en/archives-description.php?param=408

Zitat von Popeye82: DYNACOR: JUNE `12 RECORD GOLD PRODUCTION - Jul 18, 2012
http://dynacorgold.com/en/archives-description.php?param=413

Zitat von Popeye82: GOLD PRODUCTION +GRADES JUMP SIGNIFICANTLY, MARKING THE 3RD RECORD BREAKING MONTH(gääähn) FOR `12 - Aug 24, 2012
http://dynacorgold.com/en/archives-description.php?param=418

Zitat von Popeye82: dynacor: BOOSTS metal Sales TO record levels, of USD $9.960.000 in august - Sep 18, 2012
http://dynacorgold.com/en/archives-description.php?param=419

Zitat von Popeye82: DYNACOR ANNOUNCES RECORD SALES, OF US$29.300.000 - Sep 11, 2012
http://dynacorgold.com/en/archives-description.php?param=422

Zitat von Popeye82: Dynacor: NEW Record gold production in october, of 6.169 ounces - Nov 29, 2012
http://dynacorgold.com/en/archives-description.php?param=423

Zitat von Popeye82: DYNACOR ANNOUNCES BEST MONTHLY , QUARTERLY aaaaand YEARLY GOLD PRODUCTION, IN `12 - Jan 24, 2013
http://dynacorgold.com/en/archives-description.php?param=429

Zitat von Popeye82: DYNACOR BOOSTS QUARTERLY GOLD PRODUCTION TO AN ALL-TIME BEST, OF 20.027 OUNCES IN Q1/`13 - Apr 18, 2013
http://dynacorgold.com/en/archives-description.php?param=436

Zitat von Popeye82: Dynacor Announces Best Quarter Results Eeeeever(Gääähähähähäääähn ), with Net Income of US$3.000.000/$0.08/Share, in Q1-`13 - May 13, 2013
http://dynacorgold.com/en/archives-description.php?param=439

Zitat von Popeye82: dynacor announces 1ST STEPS, FOR ITS NEW 300 T/D gold ORE-PROCESSING PLANT - May 29, 2013
http://dynacorgold.com/en/archives-description.php?param=441

Dynacor Gold Mines - raises `13 guidance, to 71.000 oz Au - Aug 30, 2013
NG-2102724" target="_blank" rel="nofollow ugc noopener">www.stockwatch.com/News/Item.aspx?bid=Z-CNG-2102724
http://dynacorgold.com/en/news-description.php?param=449

[Popeye82]

CIFI Holdings Group - `13 1H "Attributable Core Net Profit" Rises 384.9% - Aug 21, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0821/LTN201308…

[Popeye82]

Sotkamo Silver AB - Increases "Exploration Target", @Taivaljärvi Silver Mine Deposit, down to the Depth of 2.000 Meters -to >20.000.000 t @60 g/t Ag - Aug 28, 2013
www.silver.fi/sivu/en/press_releases/

[Popeye82]

SA’s PGM beneficiation ambitions will stand or fall on knowledge linkages
Mistra executive director Joel Netshitenzhe - MW/CMR - Aug 30, 2013

- T. Creamer -
www.miningweekly.com/article/sas-pgm-beneficiation-ambitions…

" South Africa should urgently invest in the development of the human resources and knowledge linkages required to maximise the economic and social benefits associated with its large-scale platinum-group metals (PGMs) endowments or risk losing out on the value-addition opportunities, newly released research shows.


South Africa is estimated to hold more than 75% of the world’s known PGM reserves and even during the strike-afflicted 2012 year produced 4.1-million ounces of platinum, which dwarfed the 800 000 oz produced in Russia, the world’s second largest producer.

Entitled ‘South Africa and the Global Hydrogen Economy: The Strategic Role of Platinum Group Metals’, the study’s authors warn that South Africa may not be in a position to produce the associated skills and capabilities quickly enough to ensure the country benefits equitably from its PGM resources, or fully leverages the backward and forward linkages.

Produced under the aegis of the Mapungubwe Institute for Strategic Reflection (Mistra), which is led by Joel Netshitenzhe, the study’s outcomes were released on Friday at a function addressed by Science and Technology Minister Derek Hanekom.

Co-author Dr Velaphi Msimang, Mistra’s head of knowledge and scientific advancement, argued that without well developed “knowledge linkages” South Africa was unlikely to fulfil its beneficiation and value-addition aspirations.

“The real message is that, if we build the skills, build the capabilities . . . South Africa can’t go wrong, ” Msimang averred.

In fact, he argued that, while much attention was being paid currently to the hydrogen fuel cell, that technology might not “be the end game at all”. However, these capabilities and skills could be transferred to other areas of application.

“So it is a safe bet, and the sooner it is made the better,” he added, noting that it would take years to cultivate the scientific, engineering and artisanal skills needed to support the knowledge networks required.

The study also showed that, despite recent efforts to build such capabilities, notably through National Hydrogen and Fuel Cell Technologies Research Development and Innovation Strategy (HySA), South Africa remained marginal to the generation and application of PGM-related knowledge and innovation, as measured by academic research citations and patents.

While Asia’s share of non-patent PGM research publications had grown from 34% in 1998 to 48% in 2008, South Africa had remained stagnant at 1%. For this reason, besides the HySA initiative, South Africa would need to develop international partnerships to advance R&D efforts in hydrogen fuel cells.

“But the game is open and the outcome can still be influenced. However, it will depend on how aggressive the country is in pursuing the goal,” Msimang added.

Hanekom welcomed the research, including its assertions that government’s aspiration of supplying 25% of global platinum-based fuel cells by 2020 appears ambitious. He said that South Africa needed ongoing appraisals of its programmes not in order to lower the level of ambition, but to ensure that they remained grounded in reality.

The country remained hopeful, he added, of using HySA to foster innovations that were aligned to the emergence of the so-called ‘hydrogen economy’, including solutions that could bring affordable electricity to far-flung rural communities.

“As the world moves towards the use of hydrogen, the demand for platinum will increase and we stand to benefit more than any other country in the world.

“So, the vision of HySA is to promote the development of clean technologies that make effective use of our strategic resources and put us at the cutting edged of this important arena of technological development, while boosting international demand for our resources.”

He added that government was aiming to use HySA to create the platform to build confidence – through collaboration with business, academia and science councils – that the country was “moving in the right direction, in the right way.”

“In other words to craft [the strategy] in a way that we have the best possibility of getting good results.”

Netshitenzhe argued that the study showed that South Africa should take the plunge and begin investing in highly skilled human capital across technologies and segments of the hydrogen fuel-cell value chain.

“It also requires the courage to massively expand the creation of fuel-cell demand within South Africa itself.” "

[Popeye82]

Hodges in offtake talks, for Morupule South - MW/CMR, PERTH - Aug 30, 2013

- E. Swanepoel -
www.miningweekly.com/article/hodges-in-offtake-talks-for-mor…
http://hodgesresources.com.au/wp-content/uploads/2013/02/321…

" Coal developer Hodges Resources was looking to secure offtake partners for its flagship Morupule South project, in Botswana, MD Mark Major told Mining Weekly Online.


Speaking on the sidelines of the Africa Downunder conference, Major said that the company was looking to secure an offtake of between 1.000.000 - 2.000.000 Tonnes/year.

“If that offtake is a run-of-mine offtake, it means we can develop a 4.000.000t/year operation, +wash some of the product. It would allow us to sell a washed product to someone else while the run-of-mine product is sold through the offtake.”

Major noted that securing an offtake for the Morupule South project was a key milestone, as further development of the project depended on it.

“After completing our scoping study, we now understand how valuable the mine is. So the next step is to find someone to buy the product, which would then allow us to proceed towards a mining licence +rail allocation,” he said.

The scoping study, completed in February this year, considered an initial start-up development of between 2.000.000 - 3.000.000 tonnes/year, ramping up to 5.000.000 tonnes/year, within three to five years.

Capital cost estimates for developing a 1.500.000 ton/year operation had been estimated @A$55.760.000 for a contractor model, +A$111.100.000 for an owner-operator model. "

[Popeye82]

Profits @Zoomlion fall 48%, in 1st 1/2 of year - CER/BB - Aug 30, 2013
www.chinaeconomicreview.com/node/64472

"Construction equipment maker Zoomlion (1157.HKG) on Wednesday said first half profits fell 48% year-on-year amid a slowdown in the Chinese economy, Bloomberg reported.

Net income was US$476 million (RMB2.92 billion) in the six months ended June, compared with US$917 million a year earlier. Sales fell 31% to (US$3.29 billion). Zoomlion is contending with weaker sales as growth of fixed asset investment slowed in China. The stock has declined 45% this year, compared with a 5% drop in the benchmark Hang Seng Index. "

[Popeye82]

Chinese craft to land on the moon, by end of 2013 - CER/R - Aug 29, 2013
www.chinaeconomicreview.com/node/64476

"State media said China plans to land its 1st probe on the moon by the end of the year, Reuters reported.

"The mission will see a Chinese orbiter soft-land, or land on the moon after using a technique to slow its speed, on a celestial body for the 1st time," Xinhua News Agency said. China launched its 1st moon orbiter, the Chang'e One, in ´07. That marked the 1st step in China's three-stage moon mission, to be followed by an unmanned moon mission +then the retrieval of lunar soil +stone samples ~`17. Chinese scientists have talked of sending a man to the moon, after `20. "

[Popeye82]

China to exceed US, in online spending - CER/R/B&C - Aug 29, 2013
www.chinaeconomicreview.com/node/64474

"China's online sales are poised to overtake that of the US this year to become the world's biggest e-payment market, Reuters reported, citing a report from management consultancy firm Bain & Company.

The change in shopping habits comes as almost half of the country's population have direct access to the Internet, and of that number nearly 80% own smart phones or tablets. China’s e-commerce market has grown at an average rate of 71% from 2009 to 2012, versus 13% in America, and its total size is expected to reach US$539.07 billion (RMB3.3 trillion) by 2015, Bain & Company said. "

[Popeye82]

Antwort auf Beitrag Nr.: 45.363.587 von Popeye82 am 01.09.13 01:24:54

China e-commerce: "Heading toward RMB 1.500.000.000.000"; Can China earn its place as the world’s largest e-commerce market? - B&C - Aug13

- Serge Hoffmann, Bruno Lannes +Jessica Dai -
www.bain.com/Images/BAIN_BRIEF_China_e-commerce.pdf

[Popeye82]

S Africa mines minister "encourages investors to moderate return expectations" - MW, PERTH - Aug 28, 2013

- E. Swanepoel -
www.miningweekly.com/article/safrica-mines-minister-encourag…

"South Africa’s Mineral Resources Minister Susan Shabangu has called on the investment community to “moderate” their return expectations.


Speaking on the first day of the Africa Downunder conference, in Perth, she pointed to the necessity of balancing exploitation opportunities with socioeconomic needs.

“When it comes to investor expectations, investors expect a return. But they have to expect returns with the understanding that they have a responsibility to the country. Instead of expecting a bottom line with no heart or soul, there has to be an understanding that there are socioeconomic needs.”

The Minister noted that South Africa’s policies governing the resources sector recognised the need to grow the economy, while balancing the importance of dealing with the inherited inequalities.

“What is needed today is implementation and not a conservation of models such as resource nationalism. In recent years, this concept has been extensively exhausted in South Africa and elsewhere in the world.”

She added that the joint focal point should instead be accelerated optimisation of social capital, which would ensure that South Africa grew the industry in a socially and environmentally responsible manner.

Addressing the issue of investment fears, Shabangu said perception had always been negative for Africa, but noted that this should not deter investors.

“The perception that there is a high risk in Africa has been there forever. There hasn’t been an era where it was said that there was no risk attached to Africa. But we continue to see investment coming in,” she said.

Shabangu warned that investors waiting for the continent to become more investor-friendly would miss out on opportunities.

“Opportunities in Africa are now. The continent is committed, through various instruments, to ensure that it creates a conducive environment for investment. But those waiting in the wings risk losing out,” she added.

Edited by: Chanel de Bruyn "

[Popeye82]

Age-Related Forgetfulness Tied to Diminished Brain Protein - BB/CU/STM - Aug 28, 2013

- Elizabeth Lopatto -
www.bloomberg.com/news/2013-08-28/age-related-forgetfulness-…
http://stm.sciencemag.org/content/current

"Age-related forgetfulness may be due to a deficiency in a brain protein that helps form memories, a study found. Targeting the gene that produces that protein could lead to new therapies, the researchers said.


Scientists identified the protein, called RbAp48, in human brain cells and showed that inhibiting it in mice made the animals forgetful while raising the protein improved their memories. That "suggests that age-related memory loss may be reversible" , researchers said.

“All of us are living longer, and we want to stay engaged in a cognitively complex world,” said Scott Small, a study author and neurologist at Columbia University in New York. The mouse studies show that that too little of the protein is causing memory loss, he said.

The findings also confirm that age-related memory loss is different from the deficits seen in Alzheimer’s disease. The research is published today in the journal Science Translational Medicine.

The researchers took the postmortem brains of eight people ages 33 to 88 who were disease-free, and examined the function of 17 genes in a part of the hippocampus, an area that is involved in memory. That section, called the dentate gyrus, has been shown before to change with age. The strongest changes were found in a gene that expressed RbAp48, which declines in function as brains age.

When the researchers suppressed that gene in healthy young mice, the mice performed worse on object recognition and water maze tests. When the researchers allowed the gene to go back to normal function, the mice’s memory improved.


Older Mice

In another group of older mice, researchers used a virus to put extra copies of the RbAp48 gene in the animals’ brains. That led them to produce more of the associated protein in their dentate gyruses. Their performance on cognitive tests improved, to the levels seen in young mice.

The results "suggest that changes in RbAp48 in humans may be a cause of memory loss", Small said. The mice made good models for study because they experience the same age-related forgetfulness naturally that other mammals do.


To contact the reporter on this story: Elizabeth Lopatto in New York at [e-mail]

To contact the editor responsible for this story: Reg Gale at [e-mail] "

[Popeye82]

China City Railway Transportation Technology Holdings - UOB KayHian, "Tentative IPO Fact Sheet" - May 3, 2012
www.utrade.com.hk/upload/pdf/75201220325PM55893.pdf

[Popeye82]

Antwort auf Beitrag Nr.: 45.363.637 von Popeye82 am 01.09.13 04:08:20

Sinosoft Technology - UOB KayHian, "Tentative IPO Fact Sheet" - Jun 27, 2012
www.utrade.com.hk/upload/pdf/627201342254PM49737.pdf

[Popeye82]

Zitat von Popeye82: Sinosoft Technology - UOB KayHian, "Tentative IPO Fact Sheet" - Jun 27, 2012
www.utrade.com.hk/upload/pdf/627201342254PM49737.pdf

[Popeye82]

Antwort auf Beitrag Nr.: 45.363.639 von Popeye82 am 01.09.13 04:10:54

Freetech Road Recycling Technology - UOB KayHian, "Tentative IPO Fact Sheet"; "Background": Freetech Road is a leading +fast-growing service provider, using the Hot-in-Place recycling technology in the asphalt pavement maintenance industry in the PRC. The Hot-in-Place recycling technology is a method to reuse aged asphalt directly on-site , through heating, scarifying +mixing the damaged asphalt materials, with new materials , +is relatively cost-efficient +environmentally friendly. The Group has two business segments: The asphalt pavement maintenance service segment +the asphalt pavement maintenance equipment segment. As of 6th Jun `13, the Group owned 82 registered patents +had 16 pending patent applications in Hot-in-Place recycling technology +related equipment, in the PRC - Jun 14, 2013
www.utrade.com.hk/upload/pdf/614201335510PM46689.pdf

[Popeye82]

China Recycling Energy - Establishes Energy Recycling Fund, with China State-Owned Unit, To Invest In Coke Dry Quenching Energy Recovery - Aug 13, 2013
http://creg-cn.investorroom.com/2013-08-13-CREG-Establishes-…

[Popeye82]

The Carlyle Group - to "Help Expand Chinese Warehouse Capacity" - Aug 29, 2013
www.carlyle.com/news-room/news-release-archive/carlyle-group…

[Popeye82]

Cancana Resources: "direct leverage on manganese" - PAI - Aug 28, 2013

- Fiona MacDonald -
www.proactiveinvestors.com/companies/news/47446/cancana-reso…

"Cancana Resources Corp. (CVE:CNY) holds the distinction of being one of only four companies listed on the Toronto Stock Exchange that work in manganese, and is definitely “the preeminent one from a grade point of view, a development point of view, and from a resource point of view,” says CEO and director Andrew Male.


It is a bold claim for the Calgary-based junior, but one backed up by a flagship asset boasting what is by industry standards a grade of rare quality on a highly prospective property.

Manganese itself is crucial to the production of both steel and fertilizer. Every tonne of steel produced requires between 8 and 12 kilograms of manganese. Between 2 and 6 per cent of the volume of every bag of dry fertilizer will be manganese; for liquid fertilizer that figure can go as high as 30 per cent.

“You cannot make steel without manganese and you cannot make fertilizer without manganese,” says Male. “There is no substitute.”

The company is the “re-jigged” Sola Resources, at one time a diamond explorer in the same region of Brazil, which has since re-focused on manganese and set about aggregating its mineral claims in 2010.

The primarily contiguous land packages assembled since total 45,000 hectares of manganese-based mineral claims.

But even more impressive than the sheer size of the claims is the quality of the deposits.

“As we were pulling these claims together, one of the things we began to notice,” says Male, “was that the grade of the manganese was spectacular.”

While Cancana has never said it has the highest grade manganese ore in the world -Male points out that while the metal has a theoretical maximum grade of 63 per cent “the grades we are consistently getting are 52 to 54 per cent”. This contrasts with the 35 per cent manganese found in Africa, the 30 per cent grade encountered in Australia, Europe’s 28 to 30 per cent ore, and China’s 20 per cent “and declining” yield.

Grade is key – steel production requires manganese of at least 42 per cent, meaning most ore has to be upgraded, adding another cost and another element to the process. For fertilizer, the minimum cut off bar is even higher at 48 per cent.

Unsurprisingly, the price of the commodity is determined by grade (i.e. the going rate is $5.25 per dry metric tonne unit (dmt) multiplied by grade), thus Cancana is looking at an average sale price of roughly $250 per tonne, and, Male says, the company can confirm a “consistently high grade” of manganese throughout the region.

Little wonder then that Cancana is moving rapidly to production, with its main focus settling on the Valdirao project. One massive advantage that accrues to the project is its proximity to infrastructure -- Valdirao is within 20 kilometres of the Brazilian National Highway, which itself is accessible by municipally-maintained roads, for transportation of ore out of region. It is fortunate placement in an area where, as Male says, “everything moves on the back of a truck.” The project is also adjacent to a town primed to provide a ready workforce as well as services such as healthcare.

The specifics of the project itself are even more impressive.

In the name of moving into production, the company chose a particular location to embark on an NI 43-101 report, focusing as a first step on an area of 2.97 hectares on the 5,400 hectare claim. It was on this “real small spot”, says Male, by way of hand-dug pits and trenches that the company “got to a resource in fairly short order.” In less than 3 hectares with pits that went down a maximum of 1 metre, Cancana turned up a resource of 8,800 tonnes.

The results warranted further exploration, “so we took that one step farther and went out to 4.4 hectares and trenched it down to 3 metres deep and came up with a resource of 35,000 tonnes.”

Having turned up such bounty from an area roughly the size of Toronto’s Skydome, Male says that was sufficient for the company to proclaim that this is the spot where it will commence production.

Production is due to begin in the next couple of weeks, according to Male. To that end, preliminary work has been carried out or is in its final stages.

“From a mining perspective, this is very simple. It’s basically an excavation -- like digging a basement.”

The nature of the mineralization means that Cancana will be looking at only the top 3 to 4 metres of soil for the “rocks in dirt” that characterize manganese.

The grade alone means that Cancana is in the enviable position of producing direct shipping ore (DSO), that is, ore that requires no further beneficiation to reach acceptable grade cutoffs, a recipe guaranteed to keep both opex and capex down. “We excavate, take dirty rock, crush to a size the wash plant can accommodate, wash the rock off and that’s DSO,” says Male.

From there, the material need only be placed in a furnace to be blended into steel.

The target for the next 12 months, Male says, is to produce 20,000 tonnes of ore, “which is a very safe number, and will give us a value of $5 million and a net profit of $1.6 million.”

The second stage of Cancana’s plan concerns the company adjacent to their existing claim, Rio Madeira, which approached Cancana at the end of last year with an offer to sell.

The NI 43-101 compliant report conducted as part of the background to the purchase turned up a result which Male calls “quite a strong resource” and one which “affords us a 10 year mine life in very basic production.”

Rio Madeira has a record of seven years of production on the site behind it and is currently in production, albeit at a low level, far below the 3,000 tonnes of ore per month the plant is capable of producing.

The purchase is all the more promising, Male says, when considering that Rio Madeira has done only “hunt and peck” geological work to date. “We’re kind of excited with the opportunity with Rio Madeira.”

Plans for the Rio Madeira site include the improvement of the 3,000 tonne per month processing facility via a mooted $1.75 million capital expenditure.

Rio Madeira’s purchase price is $20 million for 100 per cent, with Cancana being afforded the opportunity to stage the acquisition in two increments that break down to 75 per cent for $15 million, with the remaining 25 per cent to be purchased over the next two years.

The addition of the Rio Madeira project would add a further 26,000 tonnes to the 20,000 tonnes of ore forecast from Valdirao for the next 12 months. Projections for the second year take that combined figure to 90,000 tonnes of ore, and to a total of 103,000 tonnes in the third year. At today's manganese prices, net profit for the first year would thus come to $6 million, while the second year would see earnings of $14.5 million and the third would crest $18 million in net profit.


Profile

Cancana Resources Corp., is a Canadian-based junior mining exploration and production company with its flagship project being a series of high grade Manganese-bearing claims, consisting of 45,000 contiguous hectares, in Rondonia, Brazil.

Having recently been granted its Operating Permits, Cancana will be transitioning into production with its Valdirâo project and is presently engaged in the acquisition of a company adjacent that has been operational for 7 years.

Cancana has established a substantial opportunity for itself in the Manganese market as well as enabling a positive transition into production and development of its business. "

[Popeye82]

Alimentation Couch-Tard - announces its results for its 1st quarter of fiscal year `14, "net earnings up 147.8%" - Aug 30, 2013
www.couche-tard.com/corporatif/modules/AxialRealisation/img_…

[Popeye82]

Tirex Resources - appoints former deputy prime minister of Canada, as 'special advisor' - Aug 29, 2013
www.tirexresources.com/s/NewsReleases.asp?ReportID=600332&_T…

[Popeye82]

Press Ventures/Biosafety Solutions - Appoints Construction, Gaming, +Bio-Safety Solutions Professional, as CEO -FY/GNW, WARSAW - Aug 16, 2013
http://finance.yahoo.com/news/press-ventures-appoints-constr…
http://finance.yahoo.com/news/press-ventures-completes-initi…

"Press Ventures Inc. (PVEN) ("Press Ventures" or the "Company"), is pleased to announce that it has appointed Mr. Edward Denkiewicz as its new CEO and director. Mr. Denkiewicz has extensive experience in building and infrastructure development throughout Europe and Asia. He has also been involved in multiple diplomatic assignments in Moscow, Shanghai, and Poland.

Prior to joining Press Ventures as CEO, Mr. Denkiewicz worked for eight years with Novomatic Group where he was in charge of business development for the China and Asia region. During this time, Mr. Denkiewicz opened the first operating casino in mainland China. Novomatic Group is now one of the largest integrated gaming companies in the world operating over 215,000 gaming machines in more than 1,400 casinos, electronic casinos, and sports betting outlets worldwide.

Mr. Denkiewicz has also been involved in infrastructure development projects in Poland, as well as commercial construction companies in Europe and Asia. During his work with construction companies, he became interested in air quality, bio-safety, and the technology employed by builders to ensure clean air and to protect against airborne bacteria and viruses. Consequently, as the CEO of Press Ventures, Mr. Denkiewicz is expecting to refocus the Company's business to providing bio-safety solutions to builders and operators of commercial, residential, and agricultural buildings.


About Press Ventures

Press Ventures owns the worldwide rights to the patented Cedar Leaf Oil Diffusion ("CLO-D") technology for the use of natural non-human harming vapors to kill bacteria, mold, and viruses in buildings. The patented CLO-D technology has been shown to be capable of killing many deadly bacterial and viral substances such as anthrax and H1N1 in buildings while they are still occupied. The CLO-D technology has been laboratory and field tested and the Company believes that use of the technology can provide a marked improvement in air quality and eliminate many of the most dangerous airborne bacteria, viruses, and pollutants. For additional information about CLO-D technology and Press Ventures, please visit www.biosafetysolutionsinc.com


Contact:

Investor Relations Contact:
1-888-709-1550
[e-mail] "

[Popeye82]

Antwort auf Beitrag Nr.: 45.363.645 von Popeye82 am 01.09.13 04:21:37

CAA Resources - UOB KayHian, "Tentative IPO Fact Sheet" - Jun 21, 2013
www.utrade.com.hk/upload/pdf/621201313927PM45458.pdf

[Popeye82]

Coslight Tech - 1H profit up 48%, to 0.095RMB/Share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Baoxin Auto Group - HJ1 interim net profit up 54%, to RMB0.20/share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

CAA Resources - HJ1 interim profit up 227.1% - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Shun Ho Tech - HJ1 interim net profit up 52%, to HK$0.508/share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Shun Ho Resources - interim profit up 52%, to HK$0.5143 - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Magnificent - 1H net profit up 52%, to ~0.06RMB; div HK$0.2 cent - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

China All Access - 1H revenue jumpes ~1.824%, net profit soars 280%; div 2.5 cents - Aug 26, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0826/LTN201308…

[Popeye82]

MeVis Medical Solutions AG - Zwischenbericht zum 30.06.`13, "Konzernperiodenergebnis" +~130.77%, auf 0.90€/Aktie - Aug 26, 2013
www.mevis.de/fileadmin/files/Finanzberichte/MeVis_Q2_2013_dt…

[Popeye82]

China sets tax on low-grade coal imports; China has announced a 3% tax on imports of steam coal with low calorific value but is yet to spell out details of its applicability, leading to uncertainty whether shipments from top low-grade supplier Indonesia will be subjected to the tariffs. Indonesia is the biggest seller to China of lignite, a form of low-grade coal, with its shipments accounting for 97% of China's total lignite imports in `13, up to end of Jul - MW/R, SHANGHAI - Sep 2, 2013
www.miningweekly.com/article/china-sets-tax-on-low-grade-coa…

[Popeye82]

Big 4 Chinese banks beat Q2 proft estimates - CER/R - Aug 30, 2013
www.chinaeconomicreview.com/node/64480

"China’s Big Four state-owned banks this week all announced 2nd quarter earnings that surpassed analyst estimates, Reuters reported.

They released combined 1st-half earnings growth of 12.5%. However, profit growth @Chinese banks is expected to slow sharply this year as new loan growth moderates +profit margins get squeezed by policy reforms , allowing banks to offer higher rates on customer deposits. The China Banking Association said last month it expects net profit growth for China's 17 listed banks to slow to 8% in `13, from 19% in `12. Chinese lenders’ shares are currently the cheapest in the Asian market. "

[Popeye82]

China's manufacturing PMI hits 16-month high - CER/WSJ - Sep 2, 2013
www.chinaeconomicreview.com/node/64488

"The official manufacturing purchasing managers' index rose to 51.0 in August from 50.3 in July, the highest reading in 16 months according to a Sunday announcement from the China Federation of Logistics and Purchasing, The Wall Street Journal reported.

A reading above 50 indicates growth. The stronger-than-expected numbers give policy makers more breadth with which to implement deep structural economic reforms, and hope for guiding the economy toward domestic consumption. "This was better than expected, and it reflects a rise in domestic demand," Bank of America Merrill Lynch economist Lu Ting said in a report. "

[Popeye82]

Party probes minister-level official - FT/XNA - Sep 2, 2013
www.chinaeconomicreview.com/node/64490

"China's disciplinary unit is investigating the head of State-owned Asset Supervision Administration Commission Jiang Jiemin for “severe disciplinary violations ,” Financial Times reported, citing state-backed Xinhua News Agency.

Jiang is the first minister-level figure to face such a probe since Xi Jinping became general secretary of the Communist Party in November. Xi had vowed to go after both “tigers and flies,” meaning top leaders and ordinary bureaucrats. The first public action against oil officials came last week when Xinhua reported that four executives at China National Petroleum Corporation had been placed under investigation. "

[Popeye82]

Rio Tinto - loads 1st ship, from 290.000.000 t/a expansion programme - Sep 2, 2013
www.riotinto.com/documents/130902_Rio_Tinto_loads_first_ship…

[Popeye82]

Turkey, S Korea in talks on coal-power project, as recent selloff of emerging market assets has sent Turkey's currency to record lows, weighing on its growth outlook +concerns about possibility of further capital outflows - TA - Aug 29, 2013
www.tradearabia.com/news/OGN_241839.html

[Popeye82]

Japan shuts down nuclear reactor, for inspections; Workers will switch off one of Japan's two working reactors Monday, with the other set for shutdown later this month +no restarts in sight, amid continued public hostility to nuclear power - CNA, TOKYO - Sep 2, 2013
www.channelnewsasia.com/news/asiapacific/japan-shuts-down-nu…

[Popeye82]

Positive Amaam Nth Project F Pre-Feasibility Study Completed, "confirms
low capital +operating cost, open pit coking coal mine @Amaam North" - Sep 2, 2013

"Highlights:"

+ Pre-feasibility Study(PFS) on Project F @Amaam North "demonstrates outstanding project economics", from a core starter project, with a shortened timeframe to 1st production.

+ Project F will produce over 1.000.000t/a of primarily coking coal product from a low strip ratio(5:1) open pit, over an initial 11 year mine life.

+ Project F "has the "potential" to become one of the lowest operating cost, export coking coal mines in the world " , with an average FOB cash cost of US$75/t of saleable product.

+ The capital cost to "initial" production is "estimated" @US$52.000.000.

+ The PFS "confirms strong project economics". Using a coking coal price of US$150/tonne +a 10% real discount rate, the project has an after- tax net present value(NPV ) of US $ 177.000.000 +an internal rate of return(IRR ) of 37%. Payback is <2 years.

+ The Bankable Feasibility Study(BFS) continues +TIG is funded for this work
–the BFS will be completed by Q1 `14, as scheduled. " "Strong interest" in funding Project F has been received".

+ Ongoing work programs will "assess "options" to further enhance project value". These include expanding the open pit Resources, through further drilling on the largely unexplored Amaam North licence, assessing the "potential" for underground mining of the thick seams below the Project F open pit +optimising PFS outcomes.

+ TIG’s "plans" "for becoming a large scale +leading coking producer from Amaam +Amaam North are further strengthened by the strong economics of Project F." Project F is set to become the core starter mine, which will then support the expansion of production, from the main 6.000.000t/a Amaam Project +Amaam North. ...
http://clients2.weblink.com.au/clients/tigersrealm/article.a…
http://clients2.weblink.com.au/clients/tigersrealm/article.a…

[Popeye82]

Winner takes all principle significant challenge facing labour relations sector; Chamber of Mines senior executive for employment relations Dr Elize Strydom on Wednesday highlighted five key issues facing the mining industry with regard to labour relations, including the principle of majoritarianism. Speaking as part of a panel @the Mining Lekgotla, she stated that the majoritarianism, or “winner takes all”, principle, which was included in the Labour Relations Act had led to much inter-union rivalry - MW, Johannesburg - Aug 26, 2013

- Leandi Kolver -
www.miningweekly.com/article/winner-takes-all-principle-sign…

[Popeye82]

Hanergy Solar - interim net profit up, 87%, to ~0.046RMB/Share - Sep 1, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…


Connected Transactions Aquisition, of Solibro's CIGS Thin Film Solar Technology - "One of the World's Leading CIGS Thin Film Solar Technologies", in terms of the conversion efficiency rate - Sep 2, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0902/LTN201309…

[Popeye82]

More Everbright execs resig,n on high penalties - CER/BB - Sep 2, 2013
www.chinaeconomicreview.com/node/64491

"Two more senior executives at Everbright Securities (601788.SHA) resigned Saturday on record fines for a trading error two weeks ago, Bloomberg reported, citing a statement from the state-controlled brokerage.

Assistant President Yang Chizhong and Board Secretary Mei Jian tendered letters of resignation after they were fined US$98,000 and US$33,000, respectively. The firm was fined a total of US$85 million (RMB523 million) after an investigation into US$3.82 billion (RMB23.4 billion) of erroneous buy orders found it traded on inside information. Ex-president Xu Haoming resigned four days after the error was discovered. "

[Popeye82]

Indian Power Projects Worth $12.800.000.000 "to Sign Coal Accord" - BB/CEA - Aug 28, 2013

- Unni Krishnan &Rajesh Kumar Singh -
www.bloomberg.com/news/2013-08-27/indian-power-projects-wort…

"Indian power projects worth $12.75 billion, stalled because of a lack of fuel linkages, will sign supply accords with Coal India Ltd. (COAL) by Sept. 6, Finance Minister Palaniappan Chidambaram said.

“Our highest priority is to get the investment cycle restarted,” Chidambaram told reporters today in New Delhi.

The cabinet committee on investment is reviewing the progress of the projects and trying to remove hurdles, Chidambaram said. Coal India has been asked to sign supply accords with power projects planned after March 2009 and having a total capacity of 78 gigawatts, spokesman Devendra Prasad said in an interview.

Chidambaram is seeking to win back investors to shore up the rupee that has plunged the most among its peers in Asia this year and spur an economy that grew at its slowest pace in a decade. Frequent outages lower factory output and deprive more than half of India’s population of education and healthcare.

“Such efforts send a very positive signal to investors,” said Amit Patil, an analyst at Mumbai-based Angel Broking Ltd. “Restarting stalled projects would mean that unutilized money flows into the economy.”

Stalled power, road and port projects are driving away investors, leading to an unprecedented current account deficit and causing the rupee’s fall to a record. Average peak power supply in the country lagged demand by 6 percent in the four months to July 31, according to data from the Central Electricity Authority, a unit of the federal power ministry.

To contact the reporter on this story: Rajesh Kumar Singh in New Delhi at [e-mail]

To contact the editor responsible for this story: Jason Rogers at [e-mail] "

[Popeye82]

"Landmark Chinese copper deal" with Afghanistan @risk; A consortium of Chinese investors has demanded a review of a landmark $3.000.000.000 deal, to produce copper in Afghanistan, the Ministry of Mines said on Monday, "putting @risk one of Kabul's "greatest hopes" for economic independence". It said China Metallurgical Group(MCC) +Jiangxi Copper wanted new terms that would cut their royalties to the government, release them from building a power plant +copper smelter, +postpone the laying of a railway - MW/R, KABUL - Aug 27, 2013
www.miningweekly.com/article/landmark-chinese-copper-deal-wi…

[Popeye82]

SA "still considering price, export controls, on coal" - MW, PERTH - Aug 28, 2013
www.miningweekly.com/article/sa-still-considering-price-expo…

"The South African government has not ruled out imposing price or export controls on coal, should it be classified a strategic resource.

Mineral Resources Minister Susan Shabangu on Tuesday reiterated comments made at a conference earlier this year in Cape Town that the government was considering coal as a strategic mineral, as the country battled an ongoing energy crisis.

“We can’t be a government that is a lame duck - realising that as a country our own space is threatened and not be able to clearly define that space,” she said on the sidelines of the Africa Downunder conference, in Perth.

“One of the biggest problems coming out of winter was load shedding, and how we managed that. We are a country endowed with coal. How can our economy be threatened by load shedding? That is unfair, and as a government we have the responsibility to balance the exports and domestic needs.”

Shabangu said that while price control or export controls could not be ruled out at this stage, the government was not near announcing a decision yet.

“As a country, we have now started to define our coal space and will look at moderating that space, what the local needs are and measure those against international exports.”

She said that the government would also look at defining the type of coal and reserves needed to sustain the country’s energy demand, while considering the issue of global warming.

She added that any decisions on either price or export controls would be properly informed, and would take into account all the relevant issues.


Edited by: Mariaan Webb "

[Popeye82]

Gold Fields to "consider further "potential" acquisition opportunities" - MW, PERTH - Aug 28, 2013

- E. Swanepoel/Chanel de Bruyn -
www.miningweekly.com/article/gold-fields-to-consider-further…

"Gold miner Gold Fields has not ruled out further acquisition negotiations following its $300-million buy-out of three mines from TSX-listed Barrick Gold last week.


Speaking on the sidelines of the Africa Downunder conference, Gold Fields CEO Nick Holland said the company’s main focus now would, however, be to digest the recently acquired South Yilgarn assets, which accounted for some 400 000 oz/y of production.

“I think that you always have to be on the lookout for opportunities. We scour the globe all the time and look at opportunities where they present themselves. But if we don’t see value in an asset and they are not accretive to us, then we won’t buy them. The day of buying mines because they are increasing your ounce profile is gone.

“You have to do acquisitions that will enhance your cash flow. That is the key ,” he commented.

The Yilgarn South assets comprised the Granny Smith, Lawlers and Darlot mines, which produced 452 000 oz of gold in 2012 and 196 000 oz in the first half of 2013. The projects have a combined 2.6-million-ounce reserve and a 1.9-million-ounce resource.

Holland noted that Gold Fields would focus on implementing its own brand of operational excellence at the newly acquired assets, with operations likely to resemble the company’s other Australian mines – Agnew and St Ives.

“We believe we can take that same model that has given success to our other mines and replicate it here,” he added.

The company’s operational review of the South Yilgarn projects might include a staff restructure, Holland said, adding that the company had cut its head count in Australia by some 24% over the last nine months as it restructured the company in the wake of failing commodity prices.

Meanwhile, Holland noted that the downward-spiralling gold price would not affect the company’s acquisition trail.

“One has to be contrarian in your views. When the gold price goes down, the herd marches over the hill. We have stayed in the nice green valley at the bottom. Before you can blink, the same herd will come charging back over the hill again.

“So it's important that we don’t rush where everyone else is going and to stay where we are and look for opportunities.” "

[Popeye82]

"Clear vision needed, for troubled South African mining industry" –Sipho Nkosi - MW/CMR, JOHANNESBURG - Aug 28, 2013

- M. Creamer -
www.miningweekly.com/article/clear-vision-needed-for-trouble…

"The troubled South African mining industry needed a clear vision that was resistant to continual change, Exxaro Resources CEO Sipho Nkosi said on Wednesday.

The head of the majority-black-owned JSE-listed company also questioned the sustainability of the mandatory 26% black-economic-empowerment (BEE) ownership requirement by 2014, in view of the unravelling of many ownership transactions on funding snags.

He told the Mining Lekgotla audience that South Africans needed to decide once and for all on what they wanted from their mining industry and then to adhere to that decision.

“We cannot continue to chop and change,” Nkosi said, as recorded in the attached Mining Weekly Online video, which makes compelling viewing.

South Africa needed to get the fundamentals right, like education, if it wanted to be compeititve in global mining.

He said that transactions worth more than R300-million had been done in the BEE ownership space to date.

All the major BEE deals had been done, which placed a question mark over the relevance of the 26% BEE ownership requirement beyond the 2014 deadline.

Onerous funding issues had resulted in the ownership percentages of many BEE entities falling well below the 26% benchmark.

“A lot of deals were done. A lot of companies were involved, but funding of those deals has always been a problem,” Nkosi said.

Although major mining companies had been willing to part with 26%, lack of funding had left many BEE entities with holdings as low as 3%.

Deputy Mineral Resources Minister Godfrey Oliphant said on May 1 next year, it would be ten years since the legislative framework had been put in place for South African mining.

“We can’t continue the blame game. We must take collective blame and start to move forward,” the Deputy Minister said.

He emphasised the need for the country to add value to its commodities locally but said that would not inhibit exports, for which the government was providing enabling infrastructure.

South African leadership needed to rise to the sophistication of today’s mining-industry challenges.

On the issue of transformation, there were companies that had done exceedingly well and those that had not done well would be asked to comply with the law and the social requirements of their mining licences.

He drew attention to living and working conditions of mineworkers, which was followed by Black Business Council secretary general and Zungu Investment Company chairperson Sandile Zungu singling out mining’s migrant labour system as apartheid’s worst legacy, because of the manner in which it had broken up African family life.

Zungu also criticised the government and local authorities for failing to spend its budgets while rural communities, often in mining areas, became disconnected through lack of useable roads and other infrastructure.

He criticised corruption in the construction industry, which he condemned as endless.

He urged mining companies to join the fight for the reform of municipalities, particularly those in the troubled platinum belt.

“The future of our country is in our hands as mining social partners,” Zungu added.

Speakers at a panel dealing with transformation and growth lamented that throughout the industry's history change had been disaster-driven.

The industry was urged to be proactive and to cease its history of only setting out to improve once disaster struck.

Mining was also urged to adopt a mindset of being willing to “refurbish” its workforce rather than going along with the traditional “disposal” of workers.

This lack of willingness to train mineworkers would be turned around when the new Skills Development Act came into force, speakers warned.

The level of wages paid to mineworkers needed to be commensurate with the risk required when working in high-risk underground mines. "

[Popeye82]

Australia "can still add value; to African mining" -Carr - MW/CMR, PERTH - Aug 28, 2013

- E. Swanepoel -
www.miningweekly.com/article/australia-can-still-add-value-t…

"Australian Foreign Affairs Minister Bob Carr on Wednesday reiterated that the country had significant extraction experience which it could share with African counterparts.


Speaking at the tenth yearly Africa Downunder conference, in Perth, Carr told delegates that Australian companies were involved in some 700 resource projects in 42 African countries, with more investment on the cards.

He noted that the increased political stability across the continent had lead to improved governance across Africa, which, in turn, had led to economic benefits.

“We made comment last year that Australia’s future is with the Asian center, but we have to balance that with what is currently happening in Africa. Attention must be paid to what is happening in Africa,” Carr said.

The Minister pointed out that over the past ten years, real income across the African continent had increased, on average, by some 30%.

“In eight of the past ten years, Africa has grown faster than East Asia, and we in Australia have been struck by the story in East Asia, the rising income and advantages it has offered, and we are seeing the same story in Africa today.”

Carr pointed out that Australian companies were well equipped to assist their African counterparts in extraction services, as well as operational transparency in the resources sector.

“The Australian public has insisted that our mining be transparent and environmentally responsible, and our labour movement has insisted on the highest standard of occupational health and safety,” Carr said.

The Minister said that the largest chunk of business between Australia and Africa was not resources extraction, but knowledge transfer. "

[Popeye82]

Mongolia to scrap controversial foreign investment law; Mongolia p"lans to scrap a controversial law, designed to curb foreign ownership in what it considers to be strategic sectors, such as mining", a government official said, "as the country seeks to kickstart its stalled economy2. The new measure, if passed, will replace the `12 Strategic Entities Foreign Investment Law(SEFIL), which analysts say has "been partly responsible for a slump of 43% in overseas investment in the 1st half of `13", on an annual basis - MW/R, ULAN BATOR - Aug 27, 2013
www.miningweekly.com/article/mongolia-to-scrap-controversial…

[Popeye82]

China "mulls easing curbs, to allow larger vessels" - MW/R, SHANGHAI - Aug 29, 2013
www.miningweekly.com/article/china-mulls-easing-curbs-to-all…

"China is studying a plan to allow some of its ports to receive larger vessels, a move that may pave the way for Brazil's Vale SA to start delivering iron-ore via its growing fleet of giant carriers.


Chinese shipowners have strongly opposed access for Vale's mega ships amid concerns they could worsen a shipping glut and steal market share, but their use would cut shipping costs of the raw material for China's steel mills.

For Vale, approval for its Valemax vessels to enter Chinese ports would help the miner cut transport costs by up to a third and allow it to better compete with Australian rivals Rio Tinto and BHP Billiton, whose mines are closer to China.

China's Ministry of Transport barred the mega ships from the country's ports in early 2012, citing safety concerns after the first 400 000 deadweight tonne (dwt) Valemax docked at Dalian Port in December, 2011.

It said vessels for oil and dry bulk commodities would not be allowed to exceed a port's nominal capacity, implying that big ports rated at about 250 000 to 300 000 t for iron-ore cargo are not allowed to take Valemaxes.

However, Chinese ports have been upgrading their infrastructure in recent years to tap into strong demand for dry bulk commodities and oil, putting their true capacity above their approved capacity.

In a draft document published on its website on August 23, the transport ministry said ports may be allowed to receive ships based on the inherent capacity of their infrastructure, pending regulatory approvals.

A ministry official said the proposal was still subject to change. The draft document sought feedback from local marine authorities, ports and shipowners by September 6.


SHIPOWNERS KEY

Officials with China's Shipowners Association (CSA) and China Ports and Harbours Association contacted by Reuters said they were still seeking opinions from their members including shipowners and ports.

Chinese shipowners have also been building larger, more fuel-efficient vessels to feed robust demand from the world's top consumer of many commodities from grains to iron ore, although not as large as the Valemax vessels.

"The main objective is to allow ports to accept larger ships without endangering either berths or ships, but it looks like the government is loosening control, which is good news for Vale," said a shipping source in Shanghai.

CSA has previously lobbied the government to prevent Valemaxes entering China in an effort to shield its loss-making shipping industry as a glut in vessels globally dragged down shipping rates and forced hundreds of shipyards out of business.

CSA secretary-general Zhang Shouguo said the draft document did not necessarily mean Valemax ships would be approved to enter Chinese ports.

"It is a major trend in the world that ships are larger, more fuel-efficient and specialised," Zhang told Reuters.

A Vale official told Reuters last year that the issue had been raised for government-to-government negotiations.

Most of the Valemax vessels were built in China with Chinese government finance. One vessel did manage to dock at China's Lianyungang port in April this year.

Vale expects to have a fleet of 35 of the ships sailing by the end of this year, of which 19 will be owned directly by Vale. The rest will be owned by third-parties and operated under fixed cargo contracts with Vale.

Besides Dalian and Lianyungang, other ports that may be able to accept Valemax vessels include Dongjiakou port and Caofeidian port, as well as Zhanjiang port and Ningbo Zhoushan port, which are under construction, industry sources said. "

[Popeye82]

Najing Panda - 1H net profit up 61%, to ~0.101RMB/share - Sep 1, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Chinney Alli - 1H net profit surges 412%, to ~0.056RMB/share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

China Resources Power Investment Company - 1H NP net profit up 77.6%, to 112.5 HK cents/share, interim dividend of 8 HK cents/share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

China Power International Development - H1 Net profit up 155.79/110% - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

China Resources Cement Holdings - 1H13 net profit grew, 80%, to HK$0.176/share - Aug 8, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0809/LTN201308…

[Popeye82]

Pearlriver Tyre Holdings - interim net profit up 304/~214.7% - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Datang Renew - 1H net profit up 123.94%, to RMB0.0318/share - Sep 1, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Xingfa Aluminium Holdings - interim Net Profit up 180%, to RMB17.860.000/0.04RMB/share - Aug 30, 2012
www.hkexnews.hk/listedco/listconews/SEHK/2012/0831/LTN201208…



Xinfa Aluminium - FY pft up ~485%, to RMB86.600.000/0.207RMB/share; final div HK5 cents - Mar 28, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0328/LTN201303…



Xinfa Aluminium - 1H net profit soars 163%, to RMB47.030.000/0.11RMB/share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0830/LTN201308…

[Popeye82]

Sino Golf Holdings - 1H net profit up ~144.64%; no div - Aug 29, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0829/LTN201308…

[Popeye82]

TSC Group Holdings - interim net profit "up 842.9%", to US0.66 cent/share - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0828/LTN201308…

[Popeye82]

Lijun International Pharmaceutical - 1H net profit up 52.7%, div 2 cents - Aug 30, 2013
www.hkexnews.hk/listedco/listconews/SEHK/2013/0828/LTN201308…

[Popeye82]

"Regional Morning Notes" - UOB KayHian - Jul 18, 2013

- Topics:

+ China, Sector: Consumer

+ Indonesia, Sector: Banking

+ Malaysia, Sector: Gaming

+ Singapore, Results

+ Thailand, Sector: Power ...-
www.utrade.com.hk/upload/pdf/7182013100748AM1032683.pdf

[Popeye82]

Mesut Özil: Wechsel für 50.000.000 € von Real Madrid zum FC Arsenal fix - W, MADRID - Sep 2, 2013
http://web.de/magazine/sport/fussball/international/17800218…

[Popeye82]

Antwort auf Beitrag Nr.: 45.373.897 von Popeye82 am 03.09.13 10:43:41

Teuerster Fußballer alles Zeiten: Bale geht für 100.000.000 Euro zu Real Madrid - N24 - Sep 1, 2013
www.n24.de/n24/Mediathek/videos/d/3452216/bale-geht-fuer-100…

[Popeye82]

Oxford Catalysts Group Plc - signes an agency agreement with Tecnoil Comércio e Representações Ltda., "one of the leading sales agencies for the energy +infrastructure industries in Brazil +Latin America", for the development of business in Brazil - Sep 3, 2013
www.oxfordcatalysts.com/financial/fa/ocgfa20130903.php

[Popeye82]

Mundoro Capital - Trench Sampling Yields 12 Metres Grading 30.39 g/t Gold +171.27 g/t Silver, @its Savinac License - Sep 3, 2013
www.marketwire.com/press-release/mundoros-trench-sampling-yi…

[Popeye82]

Zitat von Popeye82: Platinum Group Metals - Initial 6.600.000 Ounce Platinum/Palladium/Gold +Cu/Ni Inferred Resource, @Waterberg - Sep 5, 2012
www.platinumgroupmetals.net/news_releases/index.php?&content…

Platinum Group Metals Announces Updated Waterberg Resource -of 17.523.000 ounces @~3.26g/t PGE, 0.10% Cu +0.15% Ni M/I/I, remains open along strike +to the north beyond the Joint Venture boundary, extending on to Prospecting Right applications; Drills are on standby @the property boundary to complete initial investigations on strike. Interpretation of airborne gravity +magnetic surveys by the Company provide a clear target for drilling northward over a further ~20 kilometers. Multiple boreholes along strike are planned to be drilled simultaneously - Sep 3, 2013
www.platinumgroupmetals.net/news_releases/index.php?&content…
www.platinumgroupmetals.net/_resources/20130903_map.pdf

[Popeye82]

Energy Fuels - &Strathmore Minerals Announce Completion of Acquisition of Strathmore, "Creating One of the Largest Uranium Companies in the United States" +Conference Call to Update Shareholders - Sep 3, 2013
www.energyfuels.com/news/index.php?&content_id=261

[Popeye82]

Apple macht es endlich offiziell; "Große Neuheiten-Vorstellung" findet am 10. September statt - W/X - Sep 3, 2013
http://web.de/magazine/digitale-welt/mobile/iphone/17803844-…

[Popeye82]

Live: "Lawmakers grill Obama aides on Syria" - FY/ABCN - Sep 3, 2013
http://news.yahoo.com/-obama-puts-twin-syria-sales-pitches-i…

[Popeye82]

Manning bittet Obama um Gnade; Wikileaks-Informant reicht Gesuch im Weißen Haus ein - DPA, WASHINGTON - Sep 4, 2013
http://web.de/magazine/nachrichten/ausland/17804392-wikileak…

[Popeye82]

Steve Jobs Never Wrote Computer Code For Apple - BI - Aug 29, 2013

- D. Love -
www.businessinsider.com/steve-jobs-never-wrote-computer-code…

"Publicly answering an email over at his site, Apple co-founder Steve Wozniak goes into a few details on Steve Jobs's technical background.

"Steve didn't ever code," writes Wozniak. "He wasn't an engineer and he didn't do any original design, but he was technical enough to alter and change and add to other designs."

This is a characteristic that we see referenced time and time again in Walter Isaacson's biography on Jobs. He was perpetually retooling his employees' work, never shy about having them change it or otherwise improve it based on what he knew would work.

Nonetheless, it's odd that Jobs himself never learned to do the hands-on work he asked his employees to do. Today's big tech moguls, like Facebook's Mark Zuckerberg and Tumblr's David Karp, cut their teeth writing their own code. "

[Popeye82]

Bank of America to sell off last China bank stake - CER/WSJ - Sep 4, 2013
www.chinaeconomicreview.com/node/64502

"Bank of America (BAC.NYSE) is selling off the last of its shares in China Construction Bank (601938.SHA, 0939.HKG) for US$1.5 billion after eight years of disappointing returns, The Wall Street Journal reported.

The selloff marks the end of an era where firms such as Goldman Sachs (GS.NYSE) and UBS (UBS.NYSE) piled into the world's third-largest retail banking market. After making millions taking China's big banks public, Western banks suffered -as the Chinese banks started competing with them for Chinese clients . "These shareholdings haven't yielded the kind of China access Western banks initially expected ," said Keith Pogson, a Hong Kong-based partner at Ernst & Young. "

[Popeye82]

China steps up pressure on GSK - CER/WSJ - Sep 4, 2013
www.chinaeconomicreview.com/node/64503

"UK drug giant GlaxoSmithKline (GSK.NYSE, GSK.LON) came under fire again as its allegedly detained employees told Chinese state-owned media that company executives created a culture to encourage corrupt practices, The Wall Street Journal reported.

China's national broadcaster on Tuesday aired reports featuring what it said were detained employees saying that managers pressured sales representatives to get drugs to Chinese customers faster. The Ministry of Public Security accused the company of bribing doctors, hospitals and government officials in July in an effort to sell more drugs at higher prices. "

[Popeye82]

Service sector avoids sharp downturn: Survey - CER/R/HSBC - Sep 4, 2013
www.chinaeconomicreview.com/node/64499

"New orders and business optimism pushed growth in China's service sector to a five-month high, according to a survey from HSBC, Reuters reported.

The Markit/HSBC Services Purchasing Managers' Index (PMI) climbed to 52.8 in August after seasonal adjustments, up from July's 51.3 and the highest since March. The reading was well above the 50 level that demarcates an acceleration in activity from a slowdown, although a sub-index for employment shrank. Qu Hongbin, an HSBC economist, cited new business growth as the key driver of the index and expected growth momentum of the services sector to be sustained in future. "

[Popeye82]

Ex-DG "progressing uranium, power project, in Springbok Flats"(+Video); A complex uranium +power project, which is progressing in the renowned Springbok Flats area of Limpopo province, is being developed by unlisted company HolGoun, headed by former Department of Public Enterprises director-general(DG) +former Bateman CEO Dr Sivi Gounden. Controlling shareholder HolGoun is also the 2nd-largest shareholder of Samancor Chrome +has mining rights for a mid-sized thermal coal project - MW/CMR, PRETORIA - Sep 3, 2013

- M. Creamer -
www.miningweekly.com/article/ex-dg-progressing-uranium-power…

"A complex uranium +power project, which is progressing in the renowned Springbok Flats area of Limpopo province, is being developed by unlisted company HolGoun, headed by former Department of Public Enterprises director-general(DG) +former Bateman CEO Dr Sivi Gounden.


Controlling shareholder HolGoun is also the 2nd-largest shareholder of Samancor Chrome +has mining rights for a mid-sized thermal coal project.

The Springbok Flats orebody has been studied for the last six years in conjunction with the State-owned minerals research enterprise, Mintek, to find ways of separating the uranium, originally thought to be in the coal, from what turns out to be its real host –a shale layer above the coal.

“We’ve made very good progress in that regard,” Gounden told Mining Weekly Online in the attached video interview.

HolGoun Uranium &Power "foresees" a production capacity of 2.000.000 pounds of uranium oxide(U3O8)/year +a power generation capacity of 660 MW, as a by-product, from the process –effectively two products out of one orebody.

“That’s the thinking on this project,” said Gounden, adding that as the company progresses the project, it becomes more viable because of South Africa’s growing demand for electricity from organisations, including mining companies, seeking security of supply.

Much work still has to be done to advance the project from its current feasibility stage.

A small pilot demonstration plant is "likely" once the project proceeds into the bankable feasibility study stage.

Desktop analysis +mini-scale testing of each of the unit processes has "already given the company confidence that the process will work in its totality".

“That’s the way mining is going now. It’s about taking unit processes - +bolting them together in a particular format,” Gounden added.

The project has now reached the stage of bringing in complementary funding from interested parties. HolGoun’s funded the confirmatory drilling +the initial project stages.

The company’s large uranium resource covers 56.862 ha in the Limpopo province, 100 km north of Gauteng.

The property has been extensively explored +HolGoun is the holder of an extensive database of 1.800 boreholes, which were drilled on the property by former Gencor company TransNatal.

The South African Mineral Resource Committee-(Samrec-) compliant resource contains 218.000.000 pounds of U3O8.

The 1st priority will be to get the power project up +running, +to liberate the uranium from stockpiles @a future stage.

"Strong interest" is being shown in the power component, which is expected to be able to produce @32c/kWh, making it "highly competitive", even as a standalone project , without the uranium credits.

The project has the support of both the Department of Energy +the Department of Mineral Resources.

HolGoun has acquired the data of the considerable work done by TransNatal in the seventies.

The historical data is being digitised +being made Samrec-compliant through complementary drilling.

HolGoun has also been given the benefit of considerable process engineering work for the extraction of the uranium.

Mintek’s testwork has ensured optimal processing +"the need now is to scale up".

The company’s separate Canyon Springs thermal coal project, also in the Springbok Flats area, is "expected to produce" 2.500.000 tons of coal/year.

This will be developed as an openpit mine, with the production of thermal coal for local power stations, +coal for the export market.

“We "believe" it is well-positioned to supply coal to the Johannesburg-Pretoria complex,” he added. "

[Popeye82]

MetalsX/Yunnan Tin Group - 31% Mineral Resource Increase -to 11.570.000 Tonnes @1.76% Sn M/I/I, for a new "Grand Total" of 33.833.0000 Tonnes @0.90% Sn, including 29.711.000 Tonnes @0.26% Cu M/I/I - Sep 4, 2013
www.metalsx.com.au/system/announcements/524/20130904_Renison…

[Popeye82]

Universal Display - Announces 2nd Quarter ´13 Financial Results; Net Earnings up 43%, "record quarterly revenues +earnings" - Aug 8, 2013
www.udcoled.com/img/OLED%20Q2%20FY13%20Earnings%20Release%20…

[Popeye82]

Deutsche Industrie sorgt sich um Rohstoffnachschub, Firmen fordern Absicherung der Versorgung - FY/AFP - Jun 10, 2013
http://de.nachrichten.yahoo.com/deutsche-industrie-sorgt-um-…

"Die deutsche Industrie sorgt sich um den langfristig abgesicherten Nachschub von Rohstoffen. Die Unternehmen hierzulande müssen Metallerze zu 100 Prozent importieren - mehr als die Hälfte befürchtet daher negative Auswirkungen bei einem längerfristigen Ausfall eines Lieferanten, wie eine Umfrage des Instituts der deutschen Wirtschaft (IW) in Köln ergab. Jedes zweite Industrieunternehmen beklagt demnach zudem Nachteile gegenüber Wettbewerbern aus rohstoffreicheren Ländern. Diese profitierten von günstigeren Einkaufspreisen, laxeren Umweltauflagen und einer größeren Versorgungssicherheit.

Jedes zehnte Industrieunternehmen hat der Umfrage zufolge allerdings keine Absicherungsstrategie für den Fall, dass Rohstofflieferungen ausbleiben. Bei den Kleinunternehmen ist es demnach sogar jedes vierte Unternehmen.

Dies könne auch daran liegen, dass manche Betriebe - unabhängig von ihrer Größe - nicht wüssten, ob und welche Rohstoffe in ihren Produkten steckten, erklärte das IW. So wüssten etwa nur drei von vier Unternehmen, ob in ihrer Herstellung Seltene Erden benötigt würden. Dies liege auch daran, dass die meisten Rohstoffe nicht direkt nach Deutschland eingeführt werden - sondern indirekt als Vorprodukt.

Laut der IW-Umfrage versuchen vor allem größere Unternehmen bereits, ihre Rohstoffversorgung zu verbessern, indem sie langfristige Verträge mit mehreren Lieferanten schließen. Auch benötigten Produkte heute im Schnitt 20 Prozent weniger Rohstoffe als noch 1994. Doch auch die Politik müsse zur Rohstoffsicherung beitragen, indem sie internationale Freihandelsabkommen schließe. Die europäischen Länder müssten zudem ihre Rohstoff- und Energiepolitik besser koordinieren, forderte das IW. "

[Popeye82]

Brasilien versteigert Ende Oktober Lizenzen für Riesenölfeld, " "potenziell" größtes jemals entdecktes Tiefseevorkommen" - WSJ - Aug13

- Matthew Cowley -
www.wsj.de/article/SB100014241278873241230045790543410507443…

"Ende Oktober schaut die Ölbranche gen Brasilien. Am 21. Oktober will die Regierung die Rechte für das riesige Offshore-Ölfeld Libra versteigern. In dem Ölfeld vor der Küste im Südosten des Landes werden Reserven von acht bis zwölf Milliarden Barrel vermutet. Es ist damit das größte jemals entdeckte Tiefseevorkommen.


Die Versteigerung dürfte auf breites Interesse bei Ölfirmen rund um den Globus stoßen. Neben Ölkonzernen dürften auch staatseigene Unternehmen aus Ländern wie China mit ins Rennen gehen. Nach Schätzung der vom brasilianische Staat kontrollierten Ölaufsichtsbehörde ANP müssen in den 35 Jahren, über die der Vertrag für Libra laufen wird, bis zu 400 Milliarden brasilianische Real, umgerechnet gut 127 Milliarden Euro, investiert werden.

Das Öl im Feld Libra lagert unter einer dicken Salz- und Gesteinsschicht in einer Wassertiefe von bis zu 7.000 Metern. Es gehört zu einer Reihe von seit 2007 in der Region im Atlantik entdeckten Vorkommen, die Brasilien in den kommenden Jahren zu einem der zehn größten Ölproduzenten machen könnten.

Mit Libra sind aber auch noch viele Risiken verbunden. Die Schätzungen basieren auf nur einer Bohrung. Es muss somit noch einiges an Arbeit geleistet werden, um die tatsächliche Größe und die förderbare Ölmenge zu bestätigen. Für die Exploration hat der Sieger bei der Auktion vier Jahre Zeit. In dieser Zeit kann er Daten sammeln und ermitteln, ob das Feld kommerziell erschlossen werden kann. Bis zum Förderbeginn dürften weitere Jahre ins Land ziehen.

"Es gibt eindeutig Interesse (von den Großen). Eine Chance dieses Ausmaßes kann man nicht ignorieren", sagte Ruaraidh Montgomery, Analyst bei der Consultinggruppe Wood Mackenzie, und ergänzte: "Es gibt noch viele Fragezeichen." Vor allem sei unsicher, wie groß die Reserven tatsächlich sind.
Der brasilianische Staat kassiert kräftig mit

Bei der Versteigerung von Libra gelten erstmals neue Regeln. Sie wurden beschlossen, nachdem die unter der Salzschicht liegenden Vorkommen entdeckt worden waren. Demnach hat die Regierung eine größere Kontrolle über Erschließung und Förderung und ihr steht ein größerer Anteil an den Gewinnen zu. Sie sehen auch vor, dass die staatseigene Petróleo Brasileiro (Petrobras) das Feld betreiben und mindestens 30 Prozent an dem Konsortium halten muss, das bei der Auktion gewinnt.

Petrobras fährt bereits eines der größten und ambitioniertesten Investitionsprogramme der Welt.

In dem Bieterwettstreit für Libra dürften diverse Unternehmen gemeinsam als Gruppe ins Rennen gehen, um die Risiken zu vermindern. Den Zuschlag erhält derjenige, der Brasilien am stärksten an der Förderung beteiligen wird. Er muss zudem einen "Abschlussbonus" von 15 Milliarden Real zahlen.

In der Spitze könnten nach Schätzung von ANP im Ölfeld Libra bis zu eine Million Barrel Öl pro Tag gefördert werden. Das wäre einen Zunahme um knapp 50 Prozent gegenüber der aktuellen Förderung von etwa zwei Millionen Barrel in Brasilien.

Eines der größten Probleme der Unternehmen, die in den so genannten Pre-Salt-Feldern arbeiten, sind die Kosten für den Betrieb unter derart widrigen und gefährlichen Bedingungen . Petrobras zufolge kann in dem Feld Öl dann mit Gewinn gefördert werden, wenn die Ölpreise am Weltmarkt zwischen 40 und 45 Dollar je Barrel liegen. Derzeit halten sie sich über der Marke von 110 Dollar."

[Popeye82]

Fracking to require water use licence –Molewa - MW - Sep 3, 2013

- Leandi Kolver/Mariaan Webb -
www.miningweekly.com/article/fracking-to-require-water-use-l…

" Water and Environmental Affairs Minister Edna Molewa on Tuesday announced that companies wanting to use hydraulic fracturing, or fracking, to explore for shale gas in the Karoo would require a water use licence.

The Minister gazetted for public comment a notice of intent to declare fracking a controlled activity in terms of the National Water Act (NWA) for public comment. The notice included the exploration for, and production of, onshore unconventional oil or gas resources and any activities incidental thereto, including, but not limited to, fracking.

“What this means is that fracking becomes a water use, thus requiring a water use licence. In this regard only matters regarding water resources will be of consideration when licences are issued, including, but not limited to, the possible impact of substances and chemicals on the ground water resource,” Molewa said at a media briefing in Pretoria.

She added that the Department of Water Affairs (DWA) already had some applications for water use licences for fracking but that it would wait for the regulatory process to unfold before it would deal with them.

In September last year, South Africa lifted a moratorium on shale gas exploration in the Karoo region, which potentially holds 390-trillion cubic feet of technically recoverable shale gas resources, but has not yet issued any exploration licences.

Cabinet recently indicated that it is likely to authorise shale gas exploration before next year’s general election and moved to assure environmental groups opposed to fracking that it would proceed with exploration in an environmentally and socially responsible manner.

International oil companies such Shell, Challenger Energy subsidiary Bundu Gas & Oil Exploration, Falcon Gas & Oil, Statoil and Chesapeake have applied for shale gas exploration licences.

Molewa further emphasised that protecting the environment and South Africa’s water resources was the department’s key priority.

“We will take every precaution to ensure that the possible impact of fracking on our water is carefully managed and minimised,” she added.

“The DWA would like to be objective, while protecting the country’s water resource and finding methods to further development. I want what is best for South Africa and in particular the water sector,” Molewa said.

The Minister further pointed out that an interdepartmental task team, of which the DWA was a part, had been established to deal with issues pertaining to unconventional oil and gas exploration and production.

The monitoring committee was tasked with reviewing the existing regulatory framework for fracking and to develop the necessary regulations and guidelines on the methodologies of fracking. It would also develop guidelines to ensure that negative impacts of exploration for possible production of shale gas resources was prevented, mitigated or managed.

At the moment, the committee is only focusing on exploration as a decision had not yet been made on whether South Africa would move into shale gas production.

Meanwhile, Molewa reported that Cabinet had approved the National Water Policy Review, which was gazetted for public comment on August 30.

The review, aimed at filling gaps in the water policy and facilitating necessary amendments, addressed 12 key policy positions, she said.

These included a multiple water-use approach in infrastructure planning; access to basic water supply that would in future only be provided to indigent households; and the application of the “use it or lose it principle”, through which any unused authorised water would be reallocated to a public trust managed by the Minister.

Further, water trading between authorised water users would be stopped and social and economic equity would be prioritised through the reallocation of the water.

The Minister stated that currently 98% of South Africa’s water resource was allocated, which left little for new projects and economic developments.

“We have to free up South Africa’s water supply,” she said, adding that the policy did not intend to take away water from any specific group to give to another.

Molewa added that economic regulation would be applied throughout the water value chain and to avoid any conflict of interest, water use tariffs would be determined yearly by the DWA, in consultation with National Treasury.

She pointed out that, among other major decisions taken, the NWA and the Water Services Act would be combined.

“This is because there have been a number of implementation challenges arising from the separate pieces of legislation,” Molewa said.

Challenges that had been identified included that the current legislation did not contain any mandate at the national level for the development of a strategy that covered the entire water value chain.

“Although the department is working on an infrastructure investment framework which covers both water supply and sanitation services as well as water resources infrastructure, this is not enabled by any legislation.

“Separate strategies for the management, development, control and protection of water resource and the provision of water supply and sanitation service results in inconsistency in the management of the entire water value chain,” Molewa said. "

[Popeye82]

China "Rethinks Deals, for Resources" - WSJ/DJ, BEIJING - Aug 26, 2013

- Chuin Wei Yap -
http://online.wsj.com/article/SB1000142412788732414430457862…

"A dusty $8 billion Australian mine that has yet to export a chunk of ore is emblematic of why China is rethinking its huge, multiyear effort to buy up resources abroad.


The mine, the Sino Iron project more than 900 miles north of Perth, in Western Australia, was launched in 2006 with an estimated $2.5 billion in development costs. The mine was to supply China with iron ore, a crucial steelmaking ingredient, and help China break into a global mining market dominated by BHP Billiton, BHP.AU -0.78% Rio Tinto RIO.AU +0.82% and Vale VALE3.BR +0.65% SA.

Instead, Chinese owner Citic Pacific Ltd. 0267.HK +0.43% has grappled with everything from high labor costs and naturally occurring asbestos in the rock to a massive ore-grinding mill that years after its installation still doesn't work.

"These mills are the biggest in the world, and it is not unreasonable to expect that there would be some problems due to their complexity," said Damian Connelly, director of Perth-based consultancy Mineral Engineering Technical Services. "Had they used conventional gearbox pinion-drive mills, these problems wouldn't have arisen to the same extent."

Analysts say the project's capital expenditure could reach $11 billion. Citic Pacific, an arm of state-owned Citic Group, declined to respond to requests for comment.

China has plowed $226.1 billion into outbound mergers and acquisitions to grab a slice of global resources since 1995, about a quarter of which was in the mining sector, according to data provider Dealogic. But people inside and outside the government say Beijing is taking a more careful look at projects.

"The government still encourages 'going out,' " said Jin Bosong, deputy director of the Ministry of Commerce's International Trade and Economic Cooperation Research Institute. "But now the emphasis is to make companies ask questions like: 'Can the project make money?' " he said.

Mining projects are high on the list. Last December, a senior official at the government's top economic-planning agency said at a closed-door conference that while more than $10 billion has been spent on China's overseas iron-ore mining investments, few of these projects have begun operation, state-run Xinhua news agency reported.

"Some of these projects' infrastructure costs are far higher than the investment cost for the iron ore itself ," said Wang Jianjun, deputy head of the National Development and Reform Commission's overseas investment department, according to Xinhua.

Also in December, state-owned Metallurgical Corp. of China pulled its $3 billion magnetite project at Cape Lambert in Western Australia, blaming chronic cost overruns. A year earlier, state-owned Sinosteel Midwest Corp. shelved its $2 billion Weld Range project, in the same region, because of a lack of infrastructure to move the ore.

Wuhan Iron & Steel Group 600005.SH +3.36% last November suspended a $5 billion joint venture signed in 2009 to build a steel plant in Brazil, blaming the need to build rail infrastructure for the greenfield site. "We're not moving on it because it doesn't have much infrastructure," Chairman Deng Qilin said.

Beijing's barrage of iron-ore asset purchases in the last decade has yielded little. Ore imports from China-controlled global mines currently account for just 2.7% of the country's total iron-ore imports -far below an official target of 40% , set in 2011, according to data from Antaike, a Beijing-based consultancy, in June.

Mr. Wang as well as officials of the state-backed industry group China Iron and Steel Association, or CISA, say the problems don't mean Beijing will stop China's overseas push for global ore assets, underlining the country's need to "break a global monopoly ." "Citic is a special case, where there was a failure to properly grasp local laws and practices, and there were a lot of changes in the investment conditions," said CISA's deputy secretary-general, Chi Jingdong.

Citic Pacific's Sino Iron project was expected to produce 24 million metric tons of magnetite concentrate a year when completed. The project, the world's largest magnetite iron-ore mine according to Citic Pacific, is based in Cape Preston, a rust-red promontory so remote that the U.S. National Aeronautics and Space Administration uses the area to simulate the terrain of Mars.

Citic Pacific in its filings acknowledged the cost blowout and blamed a variety of causes, including the lack of technicians. The labor deficit was compounded by Australian laws, limiting the import of Chinese workers . Citic would have faced an additional $50,000 to $80,000 per overseas worker for visa and relocation, said Jody Elliott, co-founder of the Resource Channel recruitment specialists based in Perth.

The company doesn't break out labor costs, but government data show Australian mining wages increased 40% in the past seven years, surpassing all other parts of its economy .

Toxic asbestos discovered on the site added to Citic's environmental worries, said Mick Buchan, secretary of the Construction, Forestry, Mining and Energy Union, which has provided services to some workers at the site but doesn't represent them. Citic said it has a plan to minimize workers' exposure to the fibrous mineral, which it said is "a concern for almost all mines in the Pilbara region."

Paul Vogel, chairman of Western Australia's Environmental Protection Authority, said such asbestos discoveries are "not uncommon" in the Pilbara and it could cost Citic "in the lower millions [of dollars]" to clean it up.

Magnetite, the kind of iron ore produced at the project and one that burns better in steel furnaces, can be almost twice as expensive to process as hematite blends. "Magnetite projects are very high in capital costs," Mineral Engineering's Mr. Connelly said.

Then there is the nonfunctioning mill, a steel cylinder 40 feet in diameter. One of 12 similar machines, the cylinder was a centerpiece of the iron-ore mine. The company called them "the world's largest mills." It attributed the breakdown to a damaged stationary part of the mill.

Independent engineering experts estimate the mills cost $46 million apiece. Experts say repairs are likely to take three months.

Citic Pacific Chairman Chang Zhenming said in a statement in August that these repairs to the second of its six production lines are "taking longer than anticipated," and didn't specify a likely end-date. The project's first output line has been commissioned but "more time and data are required to gain further insight into (its) production parameters, line stability and reliability," Mr. Chang said. The other four of Sino Iron's six production lines are still being developed.

Write to Chuin-Wei Yap at [e-mail] "

[Popeye82]

AtheroNova - AHRO-001 " "Targets" Much More than Cholesterol", Shows New UCLA Study - FY - Jul 2, 2013
http://ca.finance.yahoo.com/news/atheronovas-ahro-001-target…

[Popeye82]

Baraka Energy &Resources - Updates Philippine iron sands investment - Jul 15, 2013
www.barakaenergy.com.au/pdfs/2013-07-15-075925130715_ASX_Bar…

[Popeye82]

Bacanora Minerals - Announces Staking of New Contiguous Lithium Claims - Sep 4, 2013
www.marketwire.com/press-release/bacanora-announces-staking-…

[Popeye82]

Zenyatta Ventures - Drilling on West Pipe "Yields "Significant" New Graphite Results"; Aubrey Eveleigh: "We are "very pleased" to see initial drill holes on the West pipe "confirming the existence of a 2nd large graphite breccia body". The West pipe "appears to be larger" in diameter, than the East pipe +"closely reflects the circular conductivity anomaly, defined by a ground EM(‘electromagnetic’) survey." Drilling to date on the West pipe has not yet identified the western limit of mineralization. Additional holes will be required, "before the overall dimension can be established" "; current drill campaign contemplates an additional 8-10 definition holes on both pipes +3 large-diameter(HQ) holes on the East pipe, Once these holes are complete, the ´13 drilling campaign will conclude and a NI 43-101 resource statement - Sep 4, 2013
www.zenyatta.ca/article/press-release-1303.asp

[Popeye82]

Fancamp Exploration - Provides Positive Metallurgical Testing Updates, on the Magpie Iron-Titanium-Vanadium-Chromium Project - Sep 4, 2013
www.fancampexplorationltd.ca/images/NR/2013/09042013NR.pdf

[Popeye82]

MicroVision - Supplies Prototype Scanned Engine Subsystems, to "Leading Global Tier-One Automotive Supplier" - Sep 4, 2013
http://phx.corporate-ir.net/phoenix.zhtml?c=114723&p=irol-ne…

[Popeye82]

Kilo Goldmines - A Review by Roscoe Postle of Prospective Iron Ore Licences, Held by KGL Isiro SARL, " "Indicates" "Potential" for Iron Ore Deposit of "Regional/Global Significance" " - Sep 4, 2013

"Highlights":

Ngayu greenstone belt(Figure1)

- five licences covering some 749 km2

- itabrites(metamorphosed banded iron formation) "potentially extends" over a 20 km non-contiguous strike length(as defined by airborne geophysics)

- "initial analytical results "suggest" " that mineralized material "may be suitable" as Direct Shipping Ore(DSO)

- RPA "estimates" that Mt Asonga "may contain" between 750.000.000 - 1.500.000.000 tonnes of mineralized material, grading 59 - 65% Fe , focused on a 19 km2 area on Mt Asonga. Note that the "potential quantity +grade" is "conceptual" in nature, there has been insufficient exploration to define a mineral resource +it is uncertain if further exploration will result in the target being delineated as a mineral resource. Furthermore:

- 12 diamond drill holes, totalling 1.198 m, were drilled by RTME

- minimal overburden +intercepts "up to" 127 m, with an average overall seam thickness of 70 m

- Reconnaissance sampling has confirmed the presence of mineralization @an exploration target to the southeast of Mt. Asonga known as Mt. Zatua. This "shares the characteristic of coincident topographical highs +magnetic anomalies", that have been observed @Mt. Asonga


Isiro greenstone belt(Figure2)

- 7 licences covering 1306 km2

- itabrites(metamorphosed banded iron formation) " "potentially" extends over a 60 km non-contiguous strike length"(as defined by airborne geophysics)

- outcrops @Mt. Abambula +Mt. Dududu contain both, massive +laminated types of hematite mineralization ...
www.marketwire.com/press-release/kilo-goldmines-ltd-a-review…
http://media3.marketwire.com/docs/896013.pdf