Vaaldiam Resources - ehemals TIOMIN Resources Inc. - Einstieg im Tief - Chance für Mutige - 500 Beiträge pro Seite
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Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 8,2900 | +4,94 | 228 | |||
| 2. | 2. | 17.899,00 | -1,43 | 204 | |||
| 3. | 3. | 2.287,72 | +0,08 | 73 | |||
| 4. | 4. | 0,9650 | +16,27 | 71 | |||
| 5. | 5. | 67,92 | +1,39 | 67 | |||
| 6. | 6. | 183,28 | -5,55 | 60 | |||
| 7. | 12. | 3,6925 | +0,27 | 28 | |||
| 8. | 8. | 13,988 | +4,74 | 27 |
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Dies ist meine 1. Thread - Eröffnung und ich möchte hier einen kanadischen Rohstoffexplorer vorstellen, der fast unbekannt ist und auch meines Wissens noch nicht von Börsenbriefen empfohlen wurde, was ja nicht unbedingt ein Nachteil sein muß.
Es handelt sich um
TIOMIN RESOURCES INC (TIO:TSX )
WKN: 888713
Tiomin hat 2 Hauptprojekte, in Kenya und Peru.
Zur Zeit gibt es nur schlechte Nachrichten, jetzt ist die Finanzierung des mineral sands Projektes in Kenya gescheitert und alles ist offen, wie es jetzt weitergeht.
Hier ist ein automatische Übersetzung über das Profil:
Tiomin Resources Inc. wird auf die Entwicklung seiner Kwale Titanmineralsandablagerung in der Küstenprovinz von Kenia, Satz gerichtet, um unter den Titanproduzenten der niedrigsten Kosten im Welt- und Kenias ersten Hauptbergbaubetrieb zu werden. Für viele Jahre bekannt Ablagerungen der Titanmineralien, um entlang der Kenyan Küstenlinie in den äolischen Dünen neben den Stränden aufzutreten, noch das Potential, damit ältere Anordnungen ökonomisch entwicklungsfähige Ablagerungen bekannt nicht bewirten.
Tiomin Betriebsmittel 1995 dachte eingeleitete Untersuchungerforschung entlang der Küste Kenia und von bis 12 von Kilometern inländisch, im Allgemeinen, um das alte Seeufer darzustellen und jetzt zu finden, um zu liegen ca. 60 bis 80 Meter über dem gegenwärtigen Meeresspiegel.
Das Potential der Magarini Sande, bedeutende Ablagerungen der wertvollen schweren Mineralien zu bewirten imwar Begriff erkannt zu werden.
Investition Tiomins in Kenia J.C. Potvin mit Präsidenten Kibaki Fing so ein Programm der umfangreichen Erforschung bohrend und des Bankskalaminerals, das prüft, um das Potential dieser Bereiche zu bestätigen, die in der Kennzeichnung von vier erheblichen Mineralablagerungen, von Vipingo, von Kilifi, von Mambrui und von Kwale kulminieren an.
Das kleinste von diesen, die die Kwale Ablagerung sind, wurde sofort für seine bedeutenden Niveaus des Rutils und des zircon zusätzlich zum Ilmenit gekennzeichnet.
Kwale würde stützt die Entwicklung einer produzierenden Grube prüfen. Die anderen viel größeren Ablagerungen stellen beträchtliches zukünftiges Wachstum dar und werden erwartet sich zu entwickeln, sobald Kwale in der Produktion ist.
Tiomins Titanprojekte werden erwartet, um bedeutenden langfristigen ökonomischen Nutzen zur lokalen Wirtschaft zu erzeugen als Ganzes, welche die Beschäftigung, verbesserte Infrastruktur, Gesundheit und Wohlfahrt haben einen Multiplikatoreffekt auf der Kenyan Wirtschaft bereitstellt.
Zusätzlich hält Tiomin ein 49% Interesse an der Pukaqaqa Kupfergoldablagerung bei Joint Venture Partner Compania Minera Milpo S.A. (Milpo).
Bis jetzt sind eine Gesamtmenge von 23.590 Metern Bohrung, einschließlich 6.000 Meter 2005 durchgeführt worden. Diese Daten wurden verwendet, um die Hilfsmittelschätzung 2001 zu aktualisieren, die durch Rio Tinto Bergbau vorbereitet wurde und Erforschung Ltd. im Januar 2006, die Firma verkündete eine neue Hilfsmittelschätzung für das Projekt. Eine Scopingstudie ist jetzt in Bewegung.
Da kann man nur spekulieren, ob es noch tiefer runter geht als die Aktie bereits gefallen ist, oder ob eine Finanzierung gefunden wird. Ist ein großes Risiko aber natürlich auch eine Chance, wenn endlich mal wieder gute Nachrichten kommen.
Einziger Börsenplatz in D ist Berlin, kann man aber vergessen, so gut wie keine Umsätze, habe schon versucht 10000 Stck zu ordern, bin aber nicht bedient worden.
In Canada hat es sofort geklappt mit Briefkurs 0,085 da kommen noch mal ca. 30 Euro Ordergebühren hinzu.
Jetzt heißt es geduldig abwarten und schauen, was sich da zusammenbraut.
Es ist nicht so einfach, an infos zu kommen, habe aber ein board in Canada gefunden, da gibt es aktuelle Meinungen zu Tiomin:
http://www.stockhouse.ca/bullboards/forum.asp?symbol=TIO&tab…" target="_blank" rel="nofollow ugc noopener">http://www.stockhouse.ca/bullboards/forum.asp?symbol=TIO&tab…
Auf der homepage von Tiomin gibt es weitere Infos über die Projekte und die letzten wichtigen Veränderungen.
www.tiomin.com
Ob jemand zu diesem Zeitpunkt investieren sollte, muß jeder selbst entscheiden, ich habe dies mit einer kleinen Position gewagt weil ich hoffe, das eine Art Boden erreicht worden ist, wenn man sich mal den Chart anschaut, wo diese Aktie schon mal stand.
Chance und Risiko stehen sich gegenüber- wie immer.
Bin schon gespannt auf die weitere Entwicklung und ob es überhaupt jemand gibt, der in diesen neuen thread schaut.
Gruß von jensdab
Es handelt sich um
TIOMIN RESOURCES INC (TIO:TSX )
WKN: 888713
Tiomin hat 2 Hauptprojekte, in Kenya und Peru.
Zur Zeit gibt es nur schlechte Nachrichten, jetzt ist die Finanzierung des mineral sands Projektes in Kenya gescheitert und alles ist offen, wie es jetzt weitergeht.
Hier ist ein automatische Übersetzung über das Profil:
Tiomin Resources Inc. wird auf die Entwicklung seiner Kwale Titanmineralsandablagerung in der Küstenprovinz von Kenia, Satz gerichtet, um unter den Titanproduzenten der niedrigsten Kosten im Welt- und Kenias ersten Hauptbergbaubetrieb zu werden. Für viele Jahre bekannt Ablagerungen der Titanmineralien, um entlang der Kenyan Küstenlinie in den äolischen Dünen neben den Stränden aufzutreten, noch das Potential, damit ältere Anordnungen ökonomisch entwicklungsfähige Ablagerungen bekannt nicht bewirten.
Tiomin Betriebsmittel 1995 dachte eingeleitete Untersuchungerforschung entlang der Küste Kenia und von bis 12 von Kilometern inländisch, im Allgemeinen, um das alte Seeufer darzustellen und jetzt zu finden, um zu liegen ca. 60 bis 80 Meter über dem gegenwärtigen Meeresspiegel.
Das Potential der Magarini Sande, bedeutende Ablagerungen der wertvollen schweren Mineralien zu bewirten imwar Begriff erkannt zu werden.
Investition Tiomins in Kenia J.C. Potvin mit Präsidenten Kibaki Fing so ein Programm der umfangreichen Erforschung bohrend und des Bankskalaminerals, das prüft, um das Potential dieser Bereiche zu bestätigen, die in der Kennzeichnung von vier erheblichen Mineralablagerungen, von Vipingo, von Kilifi, von Mambrui und von Kwale kulminieren an.
Das kleinste von diesen, die die Kwale Ablagerung sind, wurde sofort für seine bedeutenden Niveaus des Rutils und des zircon zusätzlich zum Ilmenit gekennzeichnet.
Kwale würde stützt die Entwicklung einer produzierenden Grube prüfen. Die anderen viel größeren Ablagerungen stellen beträchtliches zukünftiges Wachstum dar und werden erwartet sich zu entwickeln, sobald Kwale in der Produktion ist.
Tiomins Titanprojekte werden erwartet, um bedeutenden langfristigen ökonomischen Nutzen zur lokalen Wirtschaft zu erzeugen als Ganzes, welche die Beschäftigung, verbesserte Infrastruktur, Gesundheit und Wohlfahrt haben einen Multiplikatoreffekt auf der Kenyan Wirtschaft bereitstellt.
Zusätzlich hält Tiomin ein 49% Interesse an der Pukaqaqa Kupfergoldablagerung bei Joint Venture Partner Compania Minera Milpo S.A. (Milpo).
Bis jetzt sind eine Gesamtmenge von 23.590 Metern Bohrung, einschließlich 6.000 Meter 2005 durchgeführt worden. Diese Daten wurden verwendet, um die Hilfsmittelschätzung 2001 zu aktualisieren, die durch Rio Tinto Bergbau vorbereitet wurde und Erforschung Ltd. im Januar 2006, die Firma verkündete eine neue Hilfsmittelschätzung für das Projekt. Eine Scopingstudie ist jetzt in Bewegung.
Da kann man nur spekulieren, ob es noch tiefer runter geht als die Aktie bereits gefallen ist, oder ob eine Finanzierung gefunden wird. Ist ein großes Risiko aber natürlich auch eine Chance, wenn endlich mal wieder gute Nachrichten kommen.
Einziger Börsenplatz in D ist Berlin, kann man aber vergessen, so gut wie keine Umsätze, habe schon versucht 10000 Stck zu ordern, bin aber nicht bedient worden.
In Canada hat es sofort geklappt mit Briefkurs 0,085 da kommen noch mal ca. 30 Euro Ordergebühren hinzu.
Jetzt heißt es geduldig abwarten und schauen, was sich da zusammenbraut.
Es ist nicht so einfach, an infos zu kommen, habe aber ein board in Canada gefunden, da gibt es aktuelle Meinungen zu Tiomin:
http://www.stockhouse.ca/bullboards/forum.asp?symbol=TIO&tab…" target="_blank" rel="nofollow ugc noopener">http://www.stockhouse.ca/bullboards/forum.asp?symbol=TIO&tab…
Auf der homepage von Tiomin gibt es weitere Infos über die Projekte und die letzten wichtigen Veränderungen.
www.tiomin.com
Ob jemand zu diesem Zeitpunkt investieren sollte, muß jeder selbst entscheiden, ich habe dies mit einer kleinen Position gewagt weil ich hoffe, das eine Art Boden erreicht worden ist, wenn man sich mal den Chart anschaut, wo diese Aktie schon mal stand.
Chance und Risiko stehen sich gegenüber- wie immer.
Bin schon gespannt auf die weitere Entwicklung und ob es überhaupt jemand gibt, der in diesen neuen thread schaut.
Gruß von jensdab
Hier noch mal die homepage von Tiomin
http://www.tiomin.com/s/Home.asp
Breaking Ground: Developing Titanium And Zircon Mine In Kenya Tiomin has entered an exciting new chapter that will imprint its Kenyan mineral sands projects among the world's quality feedstock producers for the coming decades. Focused on the development of the first of these coastal deposits, Tiomin's flagship Kwale project is set to become a significant global contributor and one of the lowest cost titanium and zirconium producers in the world. It also represents Kenya's first major mining operation. With proven and probable reserves of 116.9 million tonnes [38.9 Mt proven @ 7.1% THM and 78.0 Mt probable @ 4.16% THM] in the Central and South dunes alone, Kwale is projected to produce annually 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon per year generating over US $40 million in pre-tax operating cash flow (excluding capitalized financing costs) for the first six years over an expected mine life of approx. 11 years. Thereafter, Tiomin's considerable heavy mineral coastal deposits are expected to see development, benefiting from the coastal infrastructure in place and fueling the potential for long-term growth. In addition to Kwale, Tiomin has a 49% interest on the Pukaqaqa copper-gold deposit located 10 km northwest of Huancavelica, Peru. Pukaqaqa was previously the subject of extensive exploration by Rio Tinto Mining between 1996 and 2000, where 17,590 meters of drilling were completed. In 2005, Tiomin and its joint venture partner Compania Minera Milpo S.A. (51%) completed 6,000 meters of drilling and proceeded with the preparation of a new resource estimate for the project. Milpo reported a measured and indicated resource of 17.1 million tonnes grading 0.54% Cu, and an inferred resource of 114.6 million tonnes grading 0.60% Cu, at a cut-off grade 0.3% Cu. The project has excellent infrastructure and growth potential. Tiomin is optimistic that the Pukaqaqa project will create significant value for its shareholders in view of the strong outlook for commodities such as copper.
Automatische Übersetzung:
Brechen des Bodens: Sich entwickelndes Titan und Zircon Grube in Kenia Tiomin hat ein aufregendes neues Kapitel eingetragen, das seine Kenyan Mineral-Sandprojekte unter den Viehbestandproduzenten Qualität der Welt für die kommenden Dekaden prägt.
Konzentriert auf die Entwicklung von der ersten dieser Küstenablagerungen, wird Projekt Kwale Flaggschiff Tiomins eingestellt, um ein bedeutendes globales Mitwirkendes und der Titan- und Zirkoniumproduzenten der niedrigsten Kosten in der Welt zu werden.
Es stellt auch Kenias ersten Hauptbergbaubetrieb dar. Mit den erwiesenen und wahrscheinlichen Reserven von 116.9 Million Tonnen [38.9 Millitorr nachgewiesen @ 7.1% THM und ein 78.0 Millitorr Probable @ 4.16% THM] in den zentralen und Süddünen alleine, wird Kwale projiziert, um 330.000 Tonnen Ilmenit, 75.000 Tonnen des Rutils und 40.000 Tonnen zircon pro das Jahr über-US erzeugend jährlich zu produzieren $40 Million in funktionierendem Bargeldumlauf der Vorsteuer (ausschließlich der gross geschriebenen finanzierenkosten) für die ersten sechs Jahre überschuß ein erwartetes Grube Leben von ca. 11 Jahren.
Danach Tiomins werden beträchtliche schwere Mineralküstenablagerungen erwartet, um die Entwicklung, an der richtigen Stelle profitieren von der Küsteninfrastruktur und tanken das Potential zu sehen für langfristiges Wachstum.
Zusätzlich zu Kwale hat Tiomin ein 49% Interesse auf der Pukaqaqa Kupfergoldablagerung lokalisierte einen 10 Kilometer Nordwesten von Huancavelica, Peru. Pukaqaqa war vorher das Thema der umfangreichen Erforschung durch Rio Tinto, das zwischen 1996 und 2000 gewinnt, wo 17.590 Meter Bohrung durchgeführt wurden. 2005 führten Tiomin und sein Joint Venture Partner Compania Minera Milpo S.A. (51%) 6.000 Meter Bohrung durch und fuhren mit der Vorbereitung einer neuen Hilfsmittelschätzung für das Projekt fort.
Milpo berichtete über ein gemessenes und angezeigtes Hilfsmittel von 17.1 Million Tonnen 0.54% Cu ordnend und geschlossenes Hilfsmittel von 114.6 Million Tonnen, die 0.60% Cu, an einem Abkürzunggrad 0.3% Cu ordnen. Das Projekt hat ausgezeichnetes Infrastruktur- und Wachstumpotential. Tiomin ist optimistisch, daß das Pukaqaqa Projekt bedeutenden Wert für seine Aktionäre angesichts der starken Aussicht für Gebrauchsgüter wie Kupfer verursacht.
http://www.tiomin.com/s/Home.asp
Breaking Ground: Developing Titanium And Zircon Mine In Kenya Tiomin has entered an exciting new chapter that will imprint its Kenyan mineral sands projects among the world's quality feedstock producers for the coming decades. Focused on the development of the first of these coastal deposits, Tiomin's flagship Kwale project is set to become a significant global contributor and one of the lowest cost titanium and zirconium producers in the world. It also represents Kenya's first major mining operation. With proven and probable reserves of 116.9 million tonnes [38.9 Mt proven @ 7.1% THM and 78.0 Mt probable @ 4.16% THM] in the Central and South dunes alone, Kwale is projected to produce annually 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon per year generating over US $40 million in pre-tax operating cash flow (excluding capitalized financing costs) for the first six years over an expected mine life of approx. 11 years. Thereafter, Tiomin's considerable heavy mineral coastal deposits are expected to see development, benefiting from the coastal infrastructure in place and fueling the potential for long-term growth. In addition to Kwale, Tiomin has a 49% interest on the Pukaqaqa copper-gold deposit located 10 km northwest of Huancavelica, Peru. Pukaqaqa was previously the subject of extensive exploration by Rio Tinto Mining between 1996 and 2000, where 17,590 meters of drilling were completed. In 2005, Tiomin and its joint venture partner Compania Minera Milpo S.A. (51%) completed 6,000 meters of drilling and proceeded with the preparation of a new resource estimate for the project. Milpo reported a measured and indicated resource of 17.1 million tonnes grading 0.54% Cu, and an inferred resource of 114.6 million tonnes grading 0.60% Cu, at a cut-off grade 0.3% Cu. The project has excellent infrastructure and growth potential. Tiomin is optimistic that the Pukaqaqa project will create significant value for its shareholders in view of the strong outlook for commodities such as copper.
Automatische Übersetzung:
Brechen des Bodens: Sich entwickelndes Titan und Zircon Grube in Kenia Tiomin hat ein aufregendes neues Kapitel eingetragen, das seine Kenyan Mineral-Sandprojekte unter den Viehbestandproduzenten Qualität der Welt für die kommenden Dekaden prägt.
Konzentriert auf die Entwicklung von der ersten dieser Küstenablagerungen, wird Projekt Kwale Flaggschiff Tiomins eingestellt, um ein bedeutendes globales Mitwirkendes und der Titan- und Zirkoniumproduzenten der niedrigsten Kosten in der Welt zu werden.
Es stellt auch Kenias ersten Hauptbergbaubetrieb dar. Mit den erwiesenen und wahrscheinlichen Reserven von 116.9 Million Tonnen [38.9 Millitorr nachgewiesen @ 7.1% THM und ein 78.0 Millitorr Probable @ 4.16% THM] in den zentralen und Süddünen alleine, wird Kwale projiziert, um 330.000 Tonnen Ilmenit, 75.000 Tonnen des Rutils und 40.000 Tonnen zircon pro das Jahr über-US erzeugend jährlich zu produzieren $40 Million in funktionierendem Bargeldumlauf der Vorsteuer (ausschließlich der gross geschriebenen finanzierenkosten) für die ersten sechs Jahre überschuß ein erwartetes Grube Leben von ca. 11 Jahren.
Danach Tiomins werden beträchtliche schwere Mineralküstenablagerungen erwartet, um die Entwicklung, an der richtigen Stelle profitieren von der Küsteninfrastruktur und tanken das Potential zu sehen für langfristiges Wachstum.
Zusätzlich zu Kwale hat Tiomin ein 49% Interesse auf der Pukaqaqa Kupfergoldablagerung lokalisierte einen 10 Kilometer Nordwesten von Huancavelica, Peru. Pukaqaqa war vorher das Thema der umfangreichen Erforschung durch Rio Tinto, das zwischen 1996 und 2000 gewinnt, wo 17.590 Meter Bohrung durchgeführt wurden. 2005 führten Tiomin und sein Joint Venture Partner Compania Minera Milpo S.A. (51%) 6.000 Meter Bohrung durch und fuhren mit der Vorbereitung einer neuen Hilfsmittelschätzung für das Projekt fort.
Milpo berichtete über ein gemessenes und angezeigtes Hilfsmittel von 17.1 Million Tonnen 0.54% Cu ordnend und geschlossenes Hilfsmittel von 114.6 Million Tonnen, die 0.60% Cu, an einem Abkürzunggrad 0.3% Cu ordnen. Das Projekt hat ausgezeichnetes Infrastruktur- und Wachstumpotential. Tiomin ist optimistisch, daß das Pukaqaqa Projekt bedeutenden Wert für seine Aktionäre angesichts der starken Aussicht für Gebrauchsgüter wie Kupfer verursacht.
Versuche mal, den Tiomin Chart einzufügen, der spricht für sich:
[IMG]http://de.advfn.com/p.php?pid=staticchart&s=T%5ETIO&p=5&t=1&…
[IMG]
[IMG]http://de.advfn.com/p.php?pid=staticchart&s=T%5ETIO&p=5&t=1&…
[IMG]
Trading Spotlight
Guten Morgen,
bin hier seit ca. 6 Monaten investiert. Es ist ein sehr spekulativer Wert. Im Bullboard von Stockhouse wird des öfteren erwähnt, dass es sich hierbei um gezielte negative Meldungen seitens des Unternehmens handeln könnte. Es bleibt abzuwarten. Wenn das Projekt doch noch durchgeführt wird, fliegt hier der Deckel!!
bin hier seit ca. 6 Monaten investiert. Es ist ein sehr spekulativer Wert. Im Bullboard von Stockhouse wird des öfteren erwähnt, dass es sich hierbei um gezielte negative Meldungen seitens des Unternehmens handeln könnte. Es bleibt abzuwarten. Wenn das Projekt doch noch durchgeführt wird, fliegt hier der Deckel!!
Antwort auf Beitrag Nr.: 27.654.712 von jaffa am 12.02.07 10:05:24Hallo jaffa,
schön, das noch jemand an Bord ist.
dann hoffe ich, das der Kurs irgendwann wieder dreht in Richtung O,30 C$, da war ja wohl in etwa Dein Einstieg.
Aus dem Kanadischen Bullboard wurde ein Insider Kauf gemeldet und berichtet, das wenig verkauft wird.
Alles hängt jetzt davon ab, ob es Tiomin gelingt, das Projekt in Kenia doch noch zu realisieren.
Hier sind die wichtigsten Anteilseigner an Tiomin Resources:
Holder Name Shares Held % of O/S Report Date Change
WARRANTS OUTSTANDING 32,950,668 8.84 % 20060331 0
MACKENZIE FINANCIAL CORP ^^^ 27,866,573 7.48 % 20060531 11,250,001
FRONT STREET INVESTMENT MANAGEMENT INC 20,010,000 5.37 % 20060630 new
JINCHUAN GROUP LTD 16,520,000 4.43 % 20060428 new
GAGNON SECURITIES, LLC ^^^ 14,672,999 3.94 % 20060930 2,350,290
MACKENZIE UNIVERSAL CANADIAN RESOURCE FUND^^^ 10,288,000 2.76 % 20060630 0
POTVIN, JEAN-CHARLES 8,088,470 2.17 % 20060619 -122,500
BMO SPECIAL EQUITY FUND 7,989,000 2.14 % 20060930 new
OPTIONS OUTSTANDING (TOTAL) 6,410,000 1.72 % 20060331 0
BERTIN, ROLAND ETIENNE 5,949,667 1.60 % 20060606 1,301,000
AGF CANADIAN SMALL CAP FUND 5,835,000 1.57 % 20060930 2,335,000
RAB SPECIAL SITUATIONS (MASTER) FUND 4,400,000 1.18 % 20060630 new
MACKENZIE UNIVERSAL PRECIOUS METALS FUND 4,185,715 1.12 % 20060630 0
TALVEST SMALL CAP CANADIAN EQUITY FUND ^^ 3,850,000 1.03 % 20060831 new
FRONT STREET FLOW THROUGH 2005-1 LP 2,900,000 0.78 % 20060630 new
RENAISSANCE CANADIAN SMALL CAP FUND 2,820,000 0.76 % 20060831 new
ONTARIO TEACHERS GROUP DIVERSIFIED FUND 1,521,622 0.41 % 20060630 new
BMO HARRIS CANADIAN SPECIAL GROWTH PORTFOLIO 1,256,400 0.34 % 20060630 new
LENNOX-KING, OLIVER 1,148,714 0.31 % 20060509 0
ALTAMIRA PRECIOUS AND STRATEGIC METAL FUND 1,000,000 0.27 % 20060630 new
ONTARIO TEACHERS GROUP BALANCED FUND 816,764 0.22 % 20060630 new
AGF HARMONY AMERICAS SMALL CAP EQUITY POOL 769,200 0.21 % 20060930 new
FRONT STREET PERFORMANCE FUND II 634,600 0.17 % 20060630 new
AGF ALL WORLD TAX ADVANTAGE GROUP-GLOBAL RESOURCES CLASS 613,000 0.16 % 20060930 335,000
TALVEST GLOBAL RESOURCE FUND 500,000 0.13 % 20060831 new
FRONT STREET PERFORMANCE FUND 434,200 0.12 % 20060630 new
IMAXX CANADIAN EQUITY GROWTH FUND 365,000 0.10 % 20060630 new
MACNEILLY, IAN MARTIN 293,857 0.08 % 20050316 -225,000
SHORT POSITIONS 253,000 0.07 % 20070115 -1,354,100
AEGON CAPITAL CANADIAN EQUITY FUND 130,000 0.03 % 20060630 new
BORST, ROBERT HANS 121,000 0.03 % 20050501 new
AEGON CAPITAL CANADIAN BALANCED FUND 54,265 0.01 % 20060630 new
IMAXX CANADIAN BALANCED FUND 13,490 0.00 % 20060630 new
IMAXX CANADIAN SMALL CAP FUND 12,849 0.00 % 20060630 new
WORTH, DONALD 10,000 0.00 % 20060509 0
AGF PRECIOUS METALS FUND 0 0.00 % 20050331 -891,500
OGRYZLO, C. THOMAS 0 0.00 % 20060509 -175,000
schön, das noch jemand an Bord ist.
dann hoffe ich, das der Kurs irgendwann wieder dreht in Richtung O,30 C$, da war ja wohl in etwa Dein Einstieg.
Aus dem Kanadischen Bullboard wurde ein Insider Kauf gemeldet und berichtet, das wenig verkauft wird.
Alles hängt jetzt davon ab, ob es Tiomin gelingt, das Projekt in Kenia doch noch zu realisieren.
Hier sind die wichtigsten Anteilseigner an Tiomin Resources:
Holder Name Shares Held % of O/S Report Date Change
WARRANTS OUTSTANDING 32,950,668 8.84 % 20060331 0
MACKENZIE FINANCIAL CORP ^^^ 27,866,573 7.48 % 20060531 11,250,001
FRONT STREET INVESTMENT MANAGEMENT INC 20,010,000 5.37 % 20060630 new
JINCHUAN GROUP LTD 16,520,000 4.43 % 20060428 new
GAGNON SECURITIES, LLC ^^^ 14,672,999 3.94 % 20060930 2,350,290
MACKENZIE UNIVERSAL CANADIAN RESOURCE FUND^^^ 10,288,000 2.76 % 20060630 0
POTVIN, JEAN-CHARLES 8,088,470 2.17 % 20060619 -122,500
BMO SPECIAL EQUITY FUND 7,989,000 2.14 % 20060930 new
OPTIONS OUTSTANDING (TOTAL) 6,410,000 1.72 % 20060331 0
BERTIN, ROLAND ETIENNE 5,949,667 1.60 % 20060606 1,301,000
AGF CANADIAN SMALL CAP FUND 5,835,000 1.57 % 20060930 2,335,000
RAB SPECIAL SITUATIONS (MASTER) FUND 4,400,000 1.18 % 20060630 new
MACKENZIE UNIVERSAL PRECIOUS METALS FUND 4,185,715 1.12 % 20060630 0
TALVEST SMALL CAP CANADIAN EQUITY FUND ^^ 3,850,000 1.03 % 20060831 new
FRONT STREET FLOW THROUGH 2005-1 LP 2,900,000 0.78 % 20060630 new
RENAISSANCE CANADIAN SMALL CAP FUND 2,820,000 0.76 % 20060831 new
ONTARIO TEACHERS GROUP DIVERSIFIED FUND 1,521,622 0.41 % 20060630 new
BMO HARRIS CANADIAN SPECIAL GROWTH PORTFOLIO 1,256,400 0.34 % 20060630 new
LENNOX-KING, OLIVER 1,148,714 0.31 % 20060509 0
ALTAMIRA PRECIOUS AND STRATEGIC METAL FUND 1,000,000 0.27 % 20060630 new
ONTARIO TEACHERS GROUP BALANCED FUND 816,764 0.22 % 20060630 new
AGF HARMONY AMERICAS SMALL CAP EQUITY POOL 769,200 0.21 % 20060930 new
FRONT STREET PERFORMANCE FUND II 634,600 0.17 % 20060630 new
AGF ALL WORLD TAX ADVANTAGE GROUP-GLOBAL RESOURCES CLASS 613,000 0.16 % 20060930 335,000
TALVEST GLOBAL RESOURCE FUND 500,000 0.13 % 20060831 new
FRONT STREET PERFORMANCE FUND 434,200 0.12 % 20060630 new
IMAXX CANADIAN EQUITY GROWTH FUND 365,000 0.10 % 20060630 new
MACNEILLY, IAN MARTIN 293,857 0.08 % 20050316 -225,000
SHORT POSITIONS 253,000 0.07 % 20070115 -1,354,100
AEGON CAPITAL CANADIAN EQUITY FUND 130,000 0.03 % 20060630 new
BORST, ROBERT HANS 121,000 0.03 % 20050501 new
AEGON CAPITAL CANADIAN BALANCED FUND 54,265 0.01 % 20060630 new
IMAXX CANADIAN BALANCED FUND 13,490 0.00 % 20060630 new
IMAXX CANADIAN SMALL CAP FUND 12,849 0.00 % 20060630 new
WORTH, DONALD 10,000 0.00 % 20060509 0
AGF PRECIOUS METALS FUND 0 0.00 % 20050331 -891,500
OGRYZLO, C. THOMAS 0 0.00 % 20060509 -175,000
Antwort auf Beitrag Nr.: 27.671.979 von jensdab am 13.02.07 03:35:22Oh je, das wird dauern. Ganz guter Handel in Can aber Tio bekommt den Arsch nicht hoch. Denke, dass die ganz schön Vertrauen verzockt haben. Wenn hier doch noch etwas positives kommen soll, startet die Rakete. Falls nicht - Totalverlust!!
Antwort auf Beitrag Nr.: 27.691.412 von jaffa am 13.02.07 21:41:55Wenn die richtigen news kommen, dann wird es hier kein Halten mehr geben. Risiko ist klar, auf der anderen Seite ist Tiomin an der Toronto Stock Exchange gelistet, da halte ich einen Totalverlust für unwahrscheinlich, siehe Shareholders vom letzten posting.
Gestern gab es einen einzelnen riesigen Kauf in Kanada:
1.49 million in one trade
Vielleicht ein Insider, der auf eine Erholung spekuliert.
Den thread habe ich ohnehin genannt:
Titanium mineral sands in Kenya - Chance für Mutige und Geduldige
Lasst uns mal positiv denken
Irgendwann wird die Geduld belohnt werden.
Gestern gab es einen einzelnen riesigen Kauf in Kanada:
1.49 million in one trade
Vielleicht ein Insider, der auf eine Erholung spekuliert.
Den thread habe ich ohnehin genannt:
Titanium mineral sands in Kenya - Chance für Mutige und Geduldige
Lasst uns mal positiv denken
Irgendwann wird die Geduld belohnt werden.
News, die etwas beschwichtigen sollen bzgl. der Finanzierung,
FEBRUARY 14, 2007 - 09:25 ET
Tiomin Clarifies Lenders Position for the Kwale Project in Kenya
TORONTO, ONTARIO--(CCNMatthews - Feb. 14, 2007) -
Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) wishes to clarify Tiomin's February 9th press release regarding the status of the debt facility.
The lenders to the Kwale mineral sands project (the "Project") have not formally withdrawn the US$155 million debt facility for the Project but have clearly indicated that the present economics and significant issues related to the Project prevent Tiomin from borrowing under the debt facility.
Under the present terms and conditions, the lenders are entitled to withdraw the debt facility.
The parties have mutually agreed that Tiomin ceases paying future commitment fees related to maintaining the debt facility until the Project plan is updated and significant conditions precedent, including funding of forecast cost overruns, are either satisfied, or a suitable plan to satisfy them is presented. Tiomin anticipates paying additional financing and commitment fees related to future Project reviews and approvals necessary to obtain and utilize the debt facility.
Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements, including but not limited to those respect to the prices of rutile, zircon, ilmenite, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of rutile, zircon and ilmenite, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Automatische Übersetzung:
14. FEBRUAR 2007 - 09:25
Tiomin erklärt Lenders Position für das Kwale Projekt in Kenia TORONTO, ONTARIO--(CCNMatthews - 14. Feb. 2007) - Tiomin Resources Inc. („Tiomin“ oder die „Firma“) (TSX: TIO) möchte das Pressekommuniquã# 9. Februar Tiomins betreffend ist den Status des Schuld-Service erklären.
Die kreditgebenden Stellen zum Kwale Mineral-Sandprojekt (das „Projekt“) haben nicht formal zurückgenommen, den Service der Schuld US$155 Million für das Projekt aber haben offenbar angezeigt, daß die anwesende Volkswirtschaft und die bedeutenden Ausgaben, die auf dem Projekt bezogen werden, verhindern, daß Tiomin unter dem Schuld-Service borgt.
Unter den anwesenden Bedingungen werden die kreditgebenden Stellen erlaubt, den Schuld-Service zurückzunehmen. Die Parteien haben gegenseitig darin übereingestimmt, daß Tiomin aufhört, die zukünftigen Verpflichtung Gebühren zu zahlen, die auf dem Beibehalten des Schuld-Service bezogen werden, bis der Projektplan aktualisiert ist und bedeutender Bedingungpräzedenzfall, einschließlich die Finanzierung der prognostizierten Kostenüberschreitungen, sind entweder erfüllt oder ein verwendbarer Plan, zum sie zu erfüllen dargestellt wird.
Tiomin nimmt das Zahlen der zusätzlichen Finanzierung und Verpflichtung Gebühren vorweg, die auf zukünftigen Projektberichten und -zustimmungen notwendig sind, den Schuld-Service zu erreichen und zu verwenden bezogen werden. Sicher der Informationen, die in dieser Nachrichten Freigabe enthalten werden, „das Vorwärts-Schauen von Aussagen“ innerhalb der Bedeutung der privaten Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995 festsetzen. Solche Vorwärts-schauende Aussagen, nicht auf jene Respekt zu den Preisen des Rutils, zircon, Ilmenit einschließend aber begrenzt, schätzten zukünftige Produktion, geschätzte Kosten der zukünftigen Produktion und die Absatzpolitik der Firma, mit.einbeziehen gewußt und unbekannte Gefahren, Ungewißheiten und andere Faktoren, die die tatsächlichen Resultate, die Leistung oder die Ausführungen der Firma veranlassen können, zu irgendwelchen materiell unterschiedlich zu sein, prognostizierten die Resultate, Leistung oder Ausführungen, die durch solche Vorwärts-schauende Aussagen ausgedrückt wurden oder angedeutet waren. Solche Faktoren schließen, unter anderen, die Effektivpreise des Rutils, zircon und Ilmenit, die tatsächlichen Resultate der gegenwärtigen Erforschung-, Entwicklungs- und Bergbautätigkeiten, änderungen in den Projektparametern, während Pläne fortfahren ausgewertet zu werden, sowie jene Faktoren mit ein, die in den Dokumenten der Firma freigegeben werden, die gelegentlich mit der Ontario Sicherheiten Kommission geeinordnet werden.
Hier noch man eine Zusammenfassung über die gegenwärtige Situation:
February 13, 2007
Tiomin Resources Has A ‘Misunderstanding’ With Lenders Over Kwale Project.
It takes a bit of believing, this story, so read it slowly. Last Friday Tiomin Resources, a company listed in Toronto, announced “the development of the Kwale mineral sands project in Kenya has been halted with the company remaining in force majeure with the Government of Kenya. Delays and rising costs have caused the project's lenders to withdraw the US$155 million debt facility that was in place for the project. Tiomin anticipates completing the resettlement of the farmers displaced by the project by the end of the first quarter. The company will work towards the evaluation of substantial technical and contractual cost saving measures to improve the economics of the Kwale project. The project development is expected to be on hold for a minimum of seven months but Tiomin expects that strong product prices (for zircon and rutile) and reduced capital spending will revive lender interest at the appropriate time.”
Minews checked with West LB, one of the lenders of the US$80 million senior facility, and was told that the bank had certainly not withdrawn its offer of funding and that this was the first it had heard of it. In fact there had been a meeting between lenders and the company only a couple of days earlier which ended constructively with Tiomin promising to provide further information.
The deal has certainly dragged on as the funding was originally agreed last July. At that time Jean-Charles Potvin, Tiomin’s chief executive said, “Today marks a new beginning for Tiomin as we now have the financial capabilities of advancing the Kwale project to production. We have also now signed the engineering procurement and construction management contract with Ausenco International of Australia. Detailed design and construction will start in August 2006 and be completed within 22 months after which production would commence at an initial annualized rate of 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon. We are also pleased to announce further sale contracts, which now account for near 100 per cent of the planned output over life of mine. At current prices for these products, Kwale is expected to generate approximately US$70 million in annual sales for the first five years of production”.
He went on to confirm that the Government of Kenya had given great support to the project as it represented one of the largest foreign investments in Kenya, providing in excess of 300 permanent employment positions and creating a positive economic impact on the coastal region of Kenya. By January of this year, however, there were signs that all was not sweetness and light with Tiomin reviewing its strategic options for the project and promising to make a decision regarding its development by the end of the month.
According to Tiomin legal and bureaucratic delays were affecting the rate of return to its shareholders, and not for the better. None of the issues were terminal, but incremental costs of the delays meant that Tiomin might not be able to satisfy the lenders' financial conditions to meet the February 2007 deadline to begin drawing down on its US$155 million debt package. In addition the value of the company's development funds in United States and Canadian currencies declined against a basket of foreign currencies and this increased costs still further as there had been no currency hedging ahead of actual drawdown. Pressure was therefore put on Ausenco to review the capital cost estimates and development schedule for the project.
So far: so fairly normal. Everyone knows that costs are rising at every project, especially when there are delays. Tiomin also reported that the Government of Kenya had made significant progress in resolving any outstanding issues. It had won its legal dispute regarding access to the eight disputed plots and would proceed with compulsory acquisition of the land once the required compensation payments have been made to the 200 and more farmers who had accepted them. The Government had also granted Tiomin acceptable port tariffs and an exemption from paying certain stamp duties and intended to complete and gazette the remaining items required by the lenders. The only outstanding items involved withholding taxes and the modification of the existing mining lease to encompass all land required for the project.
About a fortnight later, on January 26th to be exact, Tiomin announced that it had entered into a letter of intent with ATW Venture to grant it an option to acquire up to a 50 per cent interest in the Kwale project plus some other mineral sands projects in Kenya for US$35 million. By February 1st it was having to extend the deadline agreed for payment of ATW’s first tranche and only a day later ATW withdrew. This incident can have done nothing for Tiomin’s morale, but why it then announced a week later that the lenders had withdrawn is still a mystery in London.
Over to Tiomin where Bruce Ramsden, chief financial officer, suggests that the whole thing is due to “a bit of a misunderstanding”. These things happen, particularly when a meeting between a company and its lenders have a standing room only meeting in a corner of one of the conference rooms at Indaba. Some of the lenders reckoned their mandate was about to expire and they would have to go back to underwriters. This might be a formality, but it might not. Others were asking the Tiomin directors to go back to the drawing board and come up with a new plan with all the costs on due diligence etc that that would entail. What both sides are agreed on is that the banks did not actually withdraw. So how is it that Bob Parker, president of the company, signed off on this announcement? Only he knows and he is, apparently, in Kenya.
mukh
Hier noch infos aus dem bullboard:
http://www.mineweb.net/junior_mining/628749.htm
Tiomin Kenyan titanium mining project might after all be a white elephant
MALAWI (Mineweb.com) -- The collapse of Toronto listed Tiomin Resources’ titanium project in Kenya might be nigh following reports that the company has halted development of the Kwale mineral sands project.
A brief statement by the company says the project will be on hold for the next seven months. This is owing to the fact that delays and rising costs forced the project's lenders to withdraw the US$155 million debt facility that was in place for the Project. The company however added that it expected that strong product prices (for zircon and rutile) and reduced capital spending will revive lender interest at the appropriate time.
“Tiomin anticipates completing the resettlement of the farmers displaced by the Project by the end of the first quarter,” reads the brief statement. “ The Company will work towards the evaluation of substantial technical and contractual cost saving measures to improve the economics of the Kwale Project.”
The development comes hard on the heel of an announcement by ATW Venture Corporation that it will not execute the formal agreement it had with Tiomin to acquire an option to purchase up to a 50 percent interest in the company’s Kenyan mineral sand projects.
The latest development come at a time when the Kenyan government has exempted the company from paying Sh5.8 billion (US$ 84 million) in Value Added Tax on assorted imported mining equipment, according to the East African Standard.
But the exemption according to the paper has not come cheap. The country’s Finance Minister Amos Kimunya has warned Tiomin that if it breached any of the terms of a special mining lease the Kenyan government granted it in February 2005, the tax would be payable.
But announcing the suspension of the project, the company said it still remained in Force Majeure with the government – which is a legal term that implies that Tiomin is exonerated from any liabilities that may arise as a result of frustration of the contract
by factors beyond its control like natural disasters.
Tiomin signed an agreement with Standard Chartered Bank, WestDLB AG, Caterpillar Financial Australia Ltd and African Development Bank to fund the project in Kenya which was the largest Foreign Direct Investment (FDI) the country had in the past twenty years. The realization of that FDI now hangs in limbo.
Mineweb always carries details of at least 20 independently written top mining, mining finance, metals and mining sector analysis articles on its homepage as well as a fast news feed to keep you right up to date with what is going on in the mining and metals sectors worldwide. These are continuously updated through the day. Click here to go to Mineweb's home page and access the latest news and comments on developments in mining and metals worldwide.
Noch eine Meinung aus dem Bullbord:
It could have been be worse news: financing is not withdrawn, simply iced until the company comes back with better economics. Let's see.
FEBRUARY 14, 2007 - 09:25 ET
Tiomin Clarifies Lenders Position for the Kwale Project in Kenya
TORONTO, ONTARIO--(CCNMatthews - Feb. 14, 2007) -
Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO) wishes to clarify Tiomin's February 9th press release regarding the status of the debt facility.
The lenders to the Kwale mineral sands project (the "Project") have not formally withdrawn the US$155 million debt facility for the Project but have clearly indicated that the present economics and significant issues related to the Project prevent Tiomin from borrowing under the debt facility.
Under the present terms and conditions, the lenders are entitled to withdraw the debt facility.
The parties have mutually agreed that Tiomin ceases paying future commitment fees related to maintaining the debt facility until the Project plan is updated and significant conditions precedent, including funding of forecast cost overruns, are either satisfied, or a suitable plan to satisfy them is presented. Tiomin anticipates paying additional financing and commitment fees related to future Project reviews and approvals necessary to obtain and utilize the debt facility.
Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements, including but not limited to those respect to the prices of rutile, zircon, ilmenite, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of rutile, zircon and ilmenite, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Automatische Übersetzung:
14. FEBRUAR 2007 - 09:25
Tiomin erklärt Lenders Position für das Kwale Projekt in Kenia TORONTO, ONTARIO--(CCNMatthews - 14. Feb. 2007) - Tiomin Resources Inc. („Tiomin“ oder die „Firma“) (TSX: TIO) möchte das Pressekommuniquã# 9. Februar Tiomins betreffend ist den Status des Schuld-Service erklären.
Die kreditgebenden Stellen zum Kwale Mineral-Sandprojekt (das „Projekt“) haben nicht formal zurückgenommen, den Service der Schuld US$155 Million für das Projekt aber haben offenbar angezeigt, daß die anwesende Volkswirtschaft und die bedeutenden Ausgaben, die auf dem Projekt bezogen werden, verhindern, daß Tiomin unter dem Schuld-Service borgt.
Unter den anwesenden Bedingungen werden die kreditgebenden Stellen erlaubt, den Schuld-Service zurückzunehmen. Die Parteien haben gegenseitig darin übereingestimmt, daß Tiomin aufhört, die zukünftigen Verpflichtung Gebühren zu zahlen, die auf dem Beibehalten des Schuld-Service bezogen werden, bis der Projektplan aktualisiert ist und bedeutender Bedingungpräzedenzfall, einschließlich die Finanzierung der prognostizierten Kostenüberschreitungen, sind entweder erfüllt oder ein verwendbarer Plan, zum sie zu erfüllen dargestellt wird.
Tiomin nimmt das Zahlen der zusätzlichen Finanzierung und Verpflichtung Gebühren vorweg, die auf zukünftigen Projektberichten und -zustimmungen notwendig sind, den Schuld-Service zu erreichen und zu verwenden bezogen werden. Sicher der Informationen, die in dieser Nachrichten Freigabe enthalten werden, „das Vorwärts-Schauen von Aussagen“ innerhalb der Bedeutung der privaten Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995 festsetzen. Solche Vorwärts-schauende Aussagen, nicht auf jene Respekt zu den Preisen des Rutils, zircon, Ilmenit einschließend aber begrenzt, schätzten zukünftige Produktion, geschätzte Kosten der zukünftigen Produktion und die Absatzpolitik der Firma, mit.einbeziehen gewußt und unbekannte Gefahren, Ungewißheiten und andere Faktoren, die die tatsächlichen Resultate, die Leistung oder die Ausführungen der Firma veranlassen können, zu irgendwelchen materiell unterschiedlich zu sein, prognostizierten die Resultate, Leistung oder Ausführungen, die durch solche Vorwärts-schauende Aussagen ausgedrückt wurden oder angedeutet waren. Solche Faktoren schließen, unter anderen, die Effektivpreise des Rutils, zircon und Ilmenit, die tatsächlichen Resultate der gegenwärtigen Erforschung-, Entwicklungs- und Bergbautätigkeiten, änderungen in den Projektparametern, während Pläne fortfahren ausgewertet zu werden, sowie jene Faktoren mit ein, die in den Dokumenten der Firma freigegeben werden, die gelegentlich mit der Ontario Sicherheiten Kommission geeinordnet werden.
Hier noch man eine Zusammenfassung über die gegenwärtige Situation:
February 13, 2007
Tiomin Resources Has A ‘Misunderstanding’ With Lenders Over Kwale Project.
It takes a bit of believing, this story, so read it slowly. Last Friday Tiomin Resources, a company listed in Toronto, announced “the development of the Kwale mineral sands project in Kenya has been halted with the company remaining in force majeure with the Government of Kenya. Delays and rising costs have caused the project's lenders to withdraw the US$155 million debt facility that was in place for the project. Tiomin anticipates completing the resettlement of the farmers displaced by the project by the end of the first quarter. The company will work towards the evaluation of substantial technical and contractual cost saving measures to improve the economics of the Kwale project. The project development is expected to be on hold for a minimum of seven months but Tiomin expects that strong product prices (for zircon and rutile) and reduced capital spending will revive lender interest at the appropriate time.”
Minews checked with West LB, one of the lenders of the US$80 million senior facility, and was told that the bank had certainly not withdrawn its offer of funding and that this was the first it had heard of it. In fact there had been a meeting between lenders and the company only a couple of days earlier which ended constructively with Tiomin promising to provide further information.
The deal has certainly dragged on as the funding was originally agreed last July. At that time Jean-Charles Potvin, Tiomin’s chief executive said, “Today marks a new beginning for Tiomin as we now have the financial capabilities of advancing the Kwale project to production. We have also now signed the engineering procurement and construction management contract with Ausenco International of Australia. Detailed design and construction will start in August 2006 and be completed within 22 months after which production would commence at an initial annualized rate of 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon. We are also pleased to announce further sale contracts, which now account for near 100 per cent of the planned output over life of mine. At current prices for these products, Kwale is expected to generate approximately US$70 million in annual sales for the first five years of production”.
He went on to confirm that the Government of Kenya had given great support to the project as it represented one of the largest foreign investments in Kenya, providing in excess of 300 permanent employment positions and creating a positive economic impact on the coastal region of Kenya. By January of this year, however, there were signs that all was not sweetness and light with Tiomin reviewing its strategic options for the project and promising to make a decision regarding its development by the end of the month.
According to Tiomin legal and bureaucratic delays were affecting the rate of return to its shareholders, and not for the better. None of the issues were terminal, but incremental costs of the delays meant that Tiomin might not be able to satisfy the lenders' financial conditions to meet the February 2007 deadline to begin drawing down on its US$155 million debt package. In addition the value of the company's development funds in United States and Canadian currencies declined against a basket of foreign currencies and this increased costs still further as there had been no currency hedging ahead of actual drawdown. Pressure was therefore put on Ausenco to review the capital cost estimates and development schedule for the project.
So far: so fairly normal. Everyone knows that costs are rising at every project, especially when there are delays. Tiomin also reported that the Government of Kenya had made significant progress in resolving any outstanding issues. It had won its legal dispute regarding access to the eight disputed plots and would proceed with compulsory acquisition of the land once the required compensation payments have been made to the 200 and more farmers who had accepted them. The Government had also granted Tiomin acceptable port tariffs and an exemption from paying certain stamp duties and intended to complete and gazette the remaining items required by the lenders. The only outstanding items involved withholding taxes and the modification of the existing mining lease to encompass all land required for the project.
About a fortnight later, on January 26th to be exact, Tiomin announced that it had entered into a letter of intent with ATW Venture to grant it an option to acquire up to a 50 per cent interest in the Kwale project plus some other mineral sands projects in Kenya for US$35 million. By February 1st it was having to extend the deadline agreed for payment of ATW’s first tranche and only a day later ATW withdrew. This incident can have done nothing for Tiomin’s morale, but why it then announced a week later that the lenders had withdrawn is still a mystery in London.
Over to Tiomin where Bruce Ramsden, chief financial officer, suggests that the whole thing is due to “a bit of a misunderstanding”. These things happen, particularly when a meeting between a company and its lenders have a standing room only meeting in a corner of one of the conference rooms at Indaba. Some of the lenders reckoned their mandate was about to expire and they would have to go back to underwriters. This might be a formality, but it might not. Others were asking the Tiomin directors to go back to the drawing board and come up with a new plan with all the costs on due diligence etc that that would entail. What both sides are agreed on is that the banks did not actually withdraw. So how is it that Bob Parker, president of the company, signed off on this announcement? Only he knows and he is, apparently, in Kenya.
mukh
Hier noch infos aus dem bullboard:
http://www.mineweb.net/junior_mining/628749.htm
Tiomin Kenyan titanium mining project might after all be a white elephant
MALAWI (Mineweb.com) -- The collapse of Toronto listed Tiomin Resources’ titanium project in Kenya might be nigh following reports that the company has halted development of the Kwale mineral sands project.
A brief statement by the company says the project will be on hold for the next seven months. This is owing to the fact that delays and rising costs forced the project's lenders to withdraw the US$155 million debt facility that was in place for the Project. The company however added that it expected that strong product prices (for zircon and rutile) and reduced capital spending will revive lender interest at the appropriate time.
“Tiomin anticipates completing the resettlement of the farmers displaced by the Project by the end of the first quarter,” reads the brief statement. “ The Company will work towards the evaluation of substantial technical and contractual cost saving measures to improve the economics of the Kwale Project.”
The development comes hard on the heel of an announcement by ATW Venture Corporation that it will not execute the formal agreement it had with Tiomin to acquire an option to purchase up to a 50 percent interest in the company’s Kenyan mineral sand projects.
The latest development come at a time when the Kenyan government has exempted the company from paying Sh5.8 billion (US$ 84 million) in Value Added Tax on assorted imported mining equipment, according to the East African Standard.
But the exemption according to the paper has not come cheap. The country’s Finance Minister Amos Kimunya has warned Tiomin that if it breached any of the terms of a special mining lease the Kenyan government granted it in February 2005, the tax would be payable.
But announcing the suspension of the project, the company said it still remained in Force Majeure with the government – which is a legal term that implies that Tiomin is exonerated from any liabilities that may arise as a result of frustration of the contract
by factors beyond its control like natural disasters.
Tiomin signed an agreement with Standard Chartered Bank, WestDLB AG, Caterpillar Financial Australia Ltd and African Development Bank to fund the project in Kenya which was the largest Foreign Direct Investment (FDI) the country had in the past twenty years. The realization of that FDI now hangs in limbo.
Mineweb always carries details of at least 20 independently written top mining, mining finance, metals and mining sector analysis articles on its homepage as well as a fast news feed to keep you right up to date with what is going on in the mining and metals sectors worldwide. These are continuously updated through the day. Click here to go to Mineweb's home page and access the latest news and comments on developments in mining and metals worldwide.
Noch eine Meinung aus dem Bullbord:
It could have been be worse news: financing is not withdrawn, simply iced until the company comes back with better economics. Let's see.
Antwort auf Beitrag Nr.: 27.711.444 von jensdab am 14.02.07 20:23:00Legst Dich ja mächtig ins Zeugs. Danke und weiter so. Denke, dass man das nicht beurteilen kann, was da getrieben wird. Die Zeit wird´s zeigen ob wir aufs richtige Pferd gesetzt haben.
Im bullbord tut sich einiges.
Hier ist eine e-mail von der Investor Relation Abt.
M. and Mrs. Thompson,
The project is on hold at this stage (care and maintenance).
The delays have caused additional costs that were not projected, resulting in the Company not having sufficient equity to fund them. The banks conditions for drawdown include that the Company spend its required equity portion before utilizing the debt package.
The equity portion was US$46 million which the company had at the end of July (equity financing of Cdn$60 millon). Unfortunately, the delays have caused this number to raise and Tiomin is simply short of cash.
This is why we were opted to find a partner for the project. Thus far, the first attempt failed with ATW Ventures.
The Company is still seeking for an interested party. Regarding the banks, the company issued a press release today clarifying the bank's position.
The Company will stop paying the interest fees and has the option to revisit with them at a later time (return to credit approval). Please refer to today's release.
Regards,
Laurie Gaborit
Investor Relations
Hier ist eine e-mail von der Investor Relation Abt.
M. and Mrs. Thompson,
The project is on hold at this stage (care and maintenance).
The delays have caused additional costs that were not projected, resulting in the Company not having sufficient equity to fund them. The banks conditions for drawdown include that the Company spend its required equity portion before utilizing the debt package.
The equity portion was US$46 million which the company had at the end of July (equity financing of Cdn$60 millon). Unfortunately, the delays have caused this number to raise and Tiomin is simply short of cash.
This is why we were opted to find a partner for the project. Thus far, the first attempt failed with ATW Ventures.
The Company is still seeking for an interested party. Regarding the banks, the company issued a press release today clarifying the bank's position.
The Company will stop paying the interest fees and has the option to revisit with them at a later time (return to credit approval). Please refer to today's release.
Regards,
Laurie Gaborit
Investor Relations
Antwort auf Beitrag Nr.: 27.713.174 von jensdab am 14.02.07 22:05:24Verfolge ebenfalls aufmerksam die Beiträge bei den Elchen. Leicht im Plus geschlossen. Der Drops ist noch nicht gelutscht. Über 5 Mios gehandelt. Tio steht schon auf der Watchlist einiger. Würde bedeuten, bei einer positiven News über das Kwale-Projekt brechen hier die Dämme. Hoffentlich bald!!
Tiomin to build power plant in Kwale
Story by NATION Correspondent
Publication Date: 2/15/2007
Mining firm Tiomin Kenya Limited will build a power plant of 16 megawatts (MW) in Kwale district subject to grant of a licence by Electricity Regulatory Board (ERB).
Tiomin’s general manager, Joe Schwarz, said the power plant will be located 18 kilometres (km) south of Ukunda along the A14 road on Likoni-Lunga Lunga highway and 8 kilometres inland.
He said in a Kenya Gazette Notice No.1176 that Tiomin will on March 12, 2007 submit to the Electricity Regulatory Board (ERB) an application for a power generating licence for electricity to be used in mining project.
Copies of the draft licence to be applied for by Tiomin and other details required can be inspected by members of the public at ERB’s offices along Valley Road in Nairobi
The 16 MW power plant is expected to operate at 12 MW as demand for electricity will average 10 MW, and will be built and operated according to World Bank guidelines.
Any public or local authority, company, person or group wishing to make any representations on the application for the grant of the licence must write to the Energy minister Kiraitu Murungi within 60 days. A copy of the representation marked “Electric Power Act” must also to be forwarded to Tiomin Kenya before the expiry of 60 days from January 29.
Story by NATION Correspondent
Publication Date: 2/15/2007
Mining firm Tiomin Kenya Limited will build a power plant of 16 megawatts (MW) in Kwale district subject to grant of a licence by Electricity Regulatory Board (ERB).
Tiomin’s general manager, Joe Schwarz, said the power plant will be located 18 kilometres (km) south of Ukunda along the A14 road on Likoni-Lunga Lunga highway and 8 kilometres inland.
He said in a Kenya Gazette Notice No.1176 that Tiomin will on March 12, 2007 submit to the Electricity Regulatory Board (ERB) an application for a power generating licence for electricity to be used in mining project.
Copies of the draft licence to be applied for by Tiomin and other details required can be inspected by members of the public at ERB’s offices along Valley Road in Nairobi
The 16 MW power plant is expected to operate at 12 MW as demand for electricity will average 10 MW, and will be built and operated according to World Bank guidelines.
Any public or local authority, company, person or group wishing to make any representations on the application for the grant of the licence must write to the Energy minister Kiraitu Murungi within 60 days. A copy of the representation marked “Electric Power Act” must also to be forwarded to Tiomin Kenya before the expiry of 60 days from January 29.
Antwort auf Beitrag Nr.: 27.721.109 von jensdab am 15.02.07 12:59:11Und was sagt uns das?? Soll wohl doch los gehen?!?!
Antwort auf Beitrag Nr.: 27.721.819 von jaffa am 15.02.07 13:32:19Beachte letztes Posting im Bullboard
Nicht viel los in Kanada, wenig Umsätze und über 5 % auf 0,09 C$ gestiegen.
Dafür seit langem mal wieder einen Handel in Berlin mit 10000 Stck.
Sehr schwierig, in Berlin etwas zu kaufen, bei mir hat es nicht geklappt, in Kanada funktionierte das sofort.
In Tiomin sind einige Würmer drin und bevor die nicht beseitigt sind wird nicht viel passieren.
Wenn es dem Management jedoch gelingt, das Projekt in Kenia zum Erfolg zu führen, dann gibt es kein Halten mehr.
In Kanada sind die shareholder sehr frustiert über die Entwicklung und und hoffen auf bessere Zeiten. Sie beschweren sich, das die Leidtragenden sind, weil es der Firma nicht gelingt, das Projekt mit der nötigen Finanzierung zu realisieren. Auch die Verbindungen mit den afrikanischen Behörden und der Regierung wird bemängelt.
Viel schlechter kann es wohl kaum noch werden...
Hier ein link zu einer investor presentation:
http://www.tiomin.com/i/pdf/CP_09_06_Corp_Pres.pdf
Hier noch mal der Chart, der "super mega Abwärtschart", und natürlich die Frage, wie weit es noch gehen könnte, oder ob der Boden gefunden wurde.
Dafür seit langem mal wieder einen Handel in Berlin mit 10000 Stck.
Sehr schwierig, in Berlin etwas zu kaufen, bei mir hat es nicht geklappt, in Kanada funktionierte das sofort.
In Tiomin sind einige Würmer drin und bevor die nicht beseitigt sind wird nicht viel passieren.
Wenn es dem Management jedoch gelingt, das Projekt in Kenia zum Erfolg zu führen, dann gibt es kein Halten mehr.
In Kanada sind die shareholder sehr frustiert über die Entwicklung und und hoffen auf bessere Zeiten. Sie beschweren sich, das die Leidtragenden sind, weil es der Firma nicht gelingt, das Projekt mit der nötigen Finanzierung zu realisieren. Auch die Verbindungen mit den afrikanischen Behörden und der Regierung wird bemängelt.
Viel schlechter kann es wohl kaum noch werden...
Hier ein link zu einer investor presentation:
http://www.tiomin.com/i/pdf/CP_09_06_Corp_Pres.pdf
Hier noch mal der Chart, der "super mega Abwärtschart", und natürlich die Frage, wie weit es noch gehen könnte, oder ob der Boden gefunden wurde.
News aus dem Tiomin Bullboard über die Bedeutung von Titan
Tonight a report from Italy that spoke to the use of Titanium Dioxide mixed with concrete that was used to build a church. The coating has been found to to release an oxide that binds to cardon dioxide, reconstituting the polutant and neutralizing it.
It reduces greenhouse gases within the vicinity of the structure.
The original reason for the architect to use Titanium Dioxide has to due with another amazing effect. The structure is self cleaning the the church was coloured white!
While searching for other information on the properties of it, something as profound came to light. I follow this comment with the article. Titanium dioxide is much more important than we may all had known.
Titanium Dioxide Key to Producing Hydrogen Fuel from Sunlight
A team of Australian scientists predicts that a revolutionary new way to harness the power of the sun to extract clean and almost unlimited energy supplies from water will be a reality within seven years.
Using special titanium oxide ceramics that harvest sunlight and split water to produce hydrogen fuel, the researchers say it will then be a simple engineering exercise to make an energy-harvesting device with no moving parts and emitting no greenhouse gases or pollutants.
It would be the cheapest, cleanest and most abundant energy source ever developed: the main by-products would be oxygen and water. Rooftop panels placed on 1.6 million houses, for example, could supply Australia's entire energy needs.
http://www.azom.com/news.asp?newsID=1895
automat. Übersetzung:
Heute abend mischte ein Report aus Italien, das mit dem Gebrauch von Titandioxid sprach, mit Beton, der benutzt wurde, um eine Kirche zu errichten.
Die Schicht ist zu gefunden worden, um ein Oxid freizugeben, das an cardon das Dioxid bindet, das polutant wieder herstellt und es neutralisiert.
Sie verringert Gewächshausgase innerhalb der Nähe der Struktur. Der ursprüngliche Grund, damit der Architekt Titandioxid muß Schuld mit einem anderen erstaunlichen Effekt benutzt.
Die Struktur ist die Kirche wurde gefärbt weiß selbstreinigend! Beim Suchen nach anderen Informationen über die Eigenschaften von ihm, kam etwas als profundes ans Licht.
Ich folge dieser Anmerkung mit dem Artikel. Titandioxid ist viel wichtiger, als wir ganz hatten gewußt können.
Titandioxid-Schlüssel zum Produzieren des Wasserstoff-Kraftstoffs aus Tageslicht Eine Mannschaft der australischen Wissenschaftler sagt voraus, daß eine revolutionäre neue Weise, die Energie der Sonne vorzuspannen, die sauberen und fast unbegrenzten Energiezufuhren vom Wasser zu extrahieren eine Wirklichkeit innerhalb sieben Jahre ist.
Mit spezieller Titanoxydkeramik, der Tageslicht und aufgeteiltes Wasser ernten, um Wasserstofkraftstoff zu produzieren, sagen die Forscher, daß es dann eine einfache Technikübung ist, zum einer Energie-erntenden Vorrichtung ohne bewegliche Teile und das Ausstrahlen keiner Gewächshausgase oder -verschmutzungsstoffe zu bilden.
Es würde die preiswerteste sein, sauberste und reichlich vorhandenste überhaupt entwickelte Energiequelle: die Hauptnebenerscheinungen würden Sauerstoff und Wasser sein. Die Dachspitzeverkleidungen z.B., die auf 1.6 Million Häuser gesetzt wurden konnten Australiens gesamte Energienotwendigkeiten liefern.
http://www.azom.com/news.asp?newsID=1895
Hierzu passt auch eine Meldung von BHP Biliton, die über die größten Tianium Resourcen in Afrika (Mozambiqe) verfügen.
Tiomin hat den Vorteil, das Titanium preiswerter gefördert werden kann.
Billiton scales down Mozambique titanium project
Thu Feb 22, 2007 2:12 PM GMT20
JOHANNESBURG (Reuters) - Mining giant BHP Billiton has scaled down the Corridor Sands titanium project in Mozambique it inherited through a takeover, it said on Thursday.
Estimated capital costs for the project had shot up since a feasibility study in 2002 by Australia's WMC Resources, which BHP acquired in 2005, BHP official Alberto Calderon told a conference call.
Billiton, the world's largest diversified mining group, found the original project was no longer feasible since titanium prices had not risen in line with the costs, said Calderon, president of diamonds and specialty products.
"We took several hundred millions from the project and in this new configuration we're going to start smaller," he said, giving no further financial details.
Costs were reduced by separating the mine operation from the smelter, which needed large amounts of money to build supporting infrastructure.
Under the new plan, the concentrate will be transported about 180 km to Billiton's Mozal aluminium plant near the capital Maputo, where the smelters will be built and where infrastructure already exists.
A feasibility study was expected next year on the project, which will initially produce 250,000 tonnes of slag per year, Calderon added.
Corridor Sands is the world's largest sand ilmenite resource with over 100 million tonnes of the material, Billiton said. Ilmenite is the most important titanium ore.
Titanium alloys are strong lightweight metals used in aerospace and industrial processes while titanium dioxide is used in the manufacture of white pigments.
BHP Billiton already owns 50 percent of South Africa's Richard Bay Minerals (RBM), the world's largest mineral sands operation, which produces titanium dioxide and zircon. Mining group Rio Tinto owns the other half of RBM.
Autom. Übersetzung:
Billiton stuft hinunter Mosambik Titanprojekt ein Thu 22. Feb. 2007 2:12 P.M. GMT
JOHANNESBURG (Reuters) - gewinnender riesiger BHP Billiton hat hinunter das Flur-Sandtitanprojekt in Mosambik eingestuft, das es durch eine übernahme übernahm, sagte es am Donnerstag. Geschätzte Hauptkosten für das Projekt hatten herauf seit eine Durchführbarkeitsanalyse 2002 durch Betriebsmittel WMC Australiens, die BHP 2005 erwarb, BHP amtlicher Alberto geschossen, den Calderon einen Konferenzanruf erklärte.
Billiton, die größte variierte gewinnengruppe der Welt, fand das ursprüngliche Projekt war nicht mehr durchführbar seit Titanpreisen war gestiegen nicht in übereinstimmung mit den Kosten, sagte Calderon, Präsidenten der Diamanten und der Spezialgebiet Produkte.
„Wir nahmen mehreree hundert Millionen vom Projekt und in dieser neuen Konfiguration werden wir kleineres beginnen,“, sagte er und spezifizierte keine weiteren finanziellen. Kosten wurden durch das Trennen des Grube Betriebes vom Schmelzer verringert, der erforderliche große Mengen Geld, zum der stützenden Infrastrukturs zu errichten.
Unter dem neuen Plan wird das Konzentrat ungefähr 180 Kilometer zum Aluminiumbetrieb Mozal Billitons nahe dem HauptMaputo transportiert, in dem die Schmelzer errichtet werden und wo Infrastruktur bereits besteht.
Eine Durchführbarkeitsanalyse wurde folgendes Jahr auf dem Projekt, das zuerst 250.000 Tonnen Schlacke pro Jahr produziert, addiertes Calderon erwartet.
Flur-Sande ist das Sand-Ilmenithilfsmittel der Welt größte mit über 100 Million Tonnen des Materials, gesagtes Billiton.
Ilmenit ist das wichtigste Titanerz.
Titanlegierungen sind die starken kompakten Metalle, die in den Luftfahrt- und industriellen Prozessen benutzt werden, während Titandioxid in der Herstellung der weißen Pigmente benutzt wird.
BHP Billiton besitzt bereits 50 Prozent Bucht-Mineralien Richard Südafrikas (RBM), den Mineral-Sandbetrieb der Welt größten, der Titandioxid und zircon produziert. Gewinnengruppe Rio Tinto besitzt die andere Hälfte von RBM.
Tonight a report from Italy that spoke to the use of Titanium Dioxide mixed with concrete that was used to build a church. The coating has been found to to release an oxide that binds to cardon dioxide, reconstituting the polutant and neutralizing it.
It reduces greenhouse gases within the vicinity of the structure.
The original reason for the architect to use Titanium Dioxide has to due with another amazing effect. The structure is self cleaning the the church was coloured white!
While searching for other information on the properties of it, something as profound came to light. I follow this comment with the article. Titanium dioxide is much more important than we may all had known.
Titanium Dioxide Key to Producing Hydrogen Fuel from Sunlight
A team of Australian scientists predicts that a revolutionary new way to harness the power of the sun to extract clean and almost unlimited energy supplies from water will be a reality within seven years.
Using special titanium oxide ceramics that harvest sunlight and split water to produce hydrogen fuel, the researchers say it will then be a simple engineering exercise to make an energy-harvesting device with no moving parts and emitting no greenhouse gases or pollutants.
It would be the cheapest, cleanest and most abundant energy source ever developed: the main by-products would be oxygen and water. Rooftop panels placed on 1.6 million houses, for example, could supply Australia's entire energy needs.
http://www.azom.com/news.asp?newsID=1895
automat. Übersetzung:
Heute abend mischte ein Report aus Italien, das mit dem Gebrauch von Titandioxid sprach, mit Beton, der benutzt wurde, um eine Kirche zu errichten.
Die Schicht ist zu gefunden worden, um ein Oxid freizugeben, das an cardon das Dioxid bindet, das polutant wieder herstellt und es neutralisiert.
Sie verringert Gewächshausgase innerhalb der Nähe der Struktur. Der ursprüngliche Grund, damit der Architekt Titandioxid muß Schuld mit einem anderen erstaunlichen Effekt benutzt.
Die Struktur ist die Kirche wurde gefärbt weiß selbstreinigend! Beim Suchen nach anderen Informationen über die Eigenschaften von ihm, kam etwas als profundes ans Licht.
Ich folge dieser Anmerkung mit dem Artikel. Titandioxid ist viel wichtiger, als wir ganz hatten gewußt können.
Titandioxid-Schlüssel zum Produzieren des Wasserstoff-Kraftstoffs aus Tageslicht Eine Mannschaft der australischen Wissenschaftler sagt voraus, daß eine revolutionäre neue Weise, die Energie der Sonne vorzuspannen, die sauberen und fast unbegrenzten Energiezufuhren vom Wasser zu extrahieren eine Wirklichkeit innerhalb sieben Jahre ist.
Mit spezieller Titanoxydkeramik, der Tageslicht und aufgeteiltes Wasser ernten, um Wasserstofkraftstoff zu produzieren, sagen die Forscher, daß es dann eine einfache Technikübung ist, zum einer Energie-erntenden Vorrichtung ohne bewegliche Teile und das Ausstrahlen keiner Gewächshausgase oder -verschmutzungsstoffe zu bilden.
Es würde die preiswerteste sein, sauberste und reichlich vorhandenste überhaupt entwickelte Energiequelle: die Hauptnebenerscheinungen würden Sauerstoff und Wasser sein. Die Dachspitzeverkleidungen z.B., die auf 1.6 Million Häuser gesetzt wurden konnten Australiens gesamte Energienotwendigkeiten liefern.
http://www.azom.com/news.asp?newsID=1895
Hierzu passt auch eine Meldung von BHP Biliton, die über die größten Tianium Resourcen in Afrika (Mozambiqe) verfügen.
Tiomin hat den Vorteil, das Titanium preiswerter gefördert werden kann.
Billiton scales down Mozambique titanium project
Thu Feb 22, 2007 2:12 PM GMT20
JOHANNESBURG (Reuters) - Mining giant BHP Billiton has scaled down the Corridor Sands titanium project in Mozambique it inherited through a takeover, it said on Thursday.
Estimated capital costs for the project had shot up since a feasibility study in 2002 by Australia's WMC Resources, which BHP acquired in 2005, BHP official Alberto Calderon told a conference call.
Billiton, the world's largest diversified mining group, found the original project was no longer feasible since titanium prices had not risen in line with the costs, said Calderon, president of diamonds and specialty products.
"We took several hundred millions from the project and in this new configuration we're going to start smaller," he said, giving no further financial details.
Costs were reduced by separating the mine operation from the smelter, which needed large amounts of money to build supporting infrastructure.
Under the new plan, the concentrate will be transported about 180 km to Billiton's Mozal aluminium plant near the capital Maputo, where the smelters will be built and where infrastructure already exists.
A feasibility study was expected next year on the project, which will initially produce 250,000 tonnes of slag per year, Calderon added.
Corridor Sands is the world's largest sand ilmenite resource with over 100 million tonnes of the material, Billiton said. Ilmenite is the most important titanium ore.
Titanium alloys are strong lightweight metals used in aerospace and industrial processes while titanium dioxide is used in the manufacture of white pigments.
BHP Billiton already owns 50 percent of South Africa's Richard Bay Minerals (RBM), the world's largest mineral sands operation, which produces titanium dioxide and zircon. Mining group Rio Tinto owns the other half of RBM.
Autom. Übersetzung:
Billiton stuft hinunter Mosambik Titanprojekt ein Thu 22. Feb. 2007 2:12 P.M. GMT
JOHANNESBURG (Reuters) - gewinnender riesiger BHP Billiton hat hinunter das Flur-Sandtitanprojekt in Mosambik eingestuft, das es durch eine übernahme übernahm, sagte es am Donnerstag. Geschätzte Hauptkosten für das Projekt hatten herauf seit eine Durchführbarkeitsanalyse 2002 durch Betriebsmittel WMC Australiens, die BHP 2005 erwarb, BHP amtlicher Alberto geschossen, den Calderon einen Konferenzanruf erklärte.
Billiton, die größte variierte gewinnengruppe der Welt, fand das ursprüngliche Projekt war nicht mehr durchführbar seit Titanpreisen war gestiegen nicht in übereinstimmung mit den Kosten, sagte Calderon, Präsidenten der Diamanten und der Spezialgebiet Produkte.
„Wir nahmen mehreree hundert Millionen vom Projekt und in dieser neuen Konfiguration werden wir kleineres beginnen,“, sagte er und spezifizierte keine weiteren finanziellen. Kosten wurden durch das Trennen des Grube Betriebes vom Schmelzer verringert, der erforderliche große Mengen Geld, zum der stützenden Infrastrukturs zu errichten.
Unter dem neuen Plan wird das Konzentrat ungefähr 180 Kilometer zum Aluminiumbetrieb Mozal Billitons nahe dem HauptMaputo transportiert, in dem die Schmelzer errichtet werden und wo Infrastruktur bereits besteht.
Eine Durchführbarkeitsanalyse wurde folgendes Jahr auf dem Projekt, das zuerst 250.000 Tonnen Schlacke pro Jahr produziert, addiertes Calderon erwartet.
Flur-Sande ist das Sand-Ilmenithilfsmittel der Welt größte mit über 100 Million Tonnen des Materials, gesagtes Billiton.
Ilmenit ist das wichtigste Titanerz.
Titanlegierungen sind die starken kompakten Metalle, die in den Luftfahrt- und industriellen Prozessen benutzt werden, während Titandioxid in der Herstellung der weißen Pigmente benutzt wird.
BHP Billiton besitzt bereits 50 Prozent Bucht-Mineralien Richard Südafrikas (RBM), den Mineral-Sandbetrieb der Welt größten, der Titandioxid und zircon produziert. Gewinnengruppe Rio Tinto besitzt die andere Hälfte von RBM.
Nach dem gestrigen Ausverkauf hat sich Tiomin nicht verändert - bleibt immer auf dem gleichen Niveau. Es gab etliche Insiderkäufe mit hohen Stückzahlen von 500000.
Im Bullboard in Kanada schrieb jemand, was ich auch schon vorher gedacht habe:
"When the TSX drops 440 points and TIO stock is barely affected and sits happily at its 52 week low".
Ohne die entscheidenden news wird der Kurs vermutlich auf diesem Niveau verharren.
Im Bullboard in Kanada schrieb jemand, was ich auch schon vorher gedacht habe:
"When the TSX drops 440 points and TIO stock is barely affected and sits happily at its 52 week low".
Ohne die entscheidenden news wird der Kurs vermutlich auf diesem Niveau verharren.
Aus dem kanadischen Forum:
2 million shares grant @ .09 on Monday.
Perhaps we have bottomed out.
Also wurden den Mitarbeiter 2 Mill. Anteile gewährt zu 0,9 C$
Frei übersetzt:
Vielleicht haben wir das schlimmste überstanden.
Hoffen wir auf dien baldige Wende!!
Übrigens gibt es ein exremes Kauf- Verkaufsvehältnis
286,600 Kaufvolumen und 2 Mill. Verkaufsvolumen
2 million shares grant @ .09 on Monday.
Perhaps we have bottomed out.
Also wurden den Mitarbeiter 2 Mill. Anteile gewährt zu 0,9 C$
Frei übersetzt:
Vielleicht haben wir das schlimmste überstanden.
Hoffen wir auf dien baldige Wende!!
Übrigens gibt es ein exremes Kauf- Verkaufsvehältnis
286,600 Kaufvolumen und 2 Mill. Verkaufsvolumen
Hier ist weiterhin GEDULD angesagt...
Kurs verharrt ziemlich gleichmäßig bei 0,085 - 0,09 C$
zum Trost bleibt er auf diesem Niveau und entzieht sich der allgemeinen Korrekturphase.
Hier Beitrag aus dem bullboard, der bei Tiomin angerufen hat aber nichts Neues eigentlich:
Called Tiomin and asked if any progress was forthcoming, I was informed that Tiomin is currently conducting discussions with several interested groups in restarting Kwale.
Further details would be released if anything of material significance occurs.
Tiomin has suspended all operations in Kwale however the Kenyan government continues preperations for mining operations such as the relocation of the land owners from the mine zone.
Autom. Übersetzung:
Habe mit Tiomin telefoniert und gefragt, ob irgendein Fortschritt bevorstehend war, war ich informiert, daß Tiomin z.Z. Diskussionen mit einigen interessierten Gruppen leitet, wenn er Kwale wiederbeginnt.
Weitere Details würden freigegeben, wenn alle von materieller Bedeutung auftritt.
Tiomin hat alle Betriebe in Kwale verschoben, jedoch, welches die Kenyan Regierung preperations für Bergbaubetriebe wie die Verschiebung der Landinhaber von der Grube Zone fortsetzt.
Insider Activity Review – latest 10 filings updated daily
http://www.stockhouse.ca/bullboards/wraplink.asp?url=www.can…
oder
http://www.canadianinsider.com/coReport/allTransactions.php?…
Kurs verharrt ziemlich gleichmäßig bei 0,085 - 0,09 C$
zum Trost bleibt er auf diesem Niveau und entzieht sich der allgemeinen Korrekturphase.
Hier Beitrag aus dem bullboard, der bei Tiomin angerufen hat aber nichts Neues eigentlich:
Called Tiomin and asked if any progress was forthcoming, I was informed that Tiomin is currently conducting discussions with several interested groups in restarting Kwale.
Further details would be released if anything of material significance occurs.
Tiomin has suspended all operations in Kwale however the Kenyan government continues preperations for mining operations such as the relocation of the land owners from the mine zone.
Autom. Übersetzung:
Habe mit Tiomin telefoniert und gefragt, ob irgendein Fortschritt bevorstehend war, war ich informiert, daß Tiomin z.Z. Diskussionen mit einigen interessierten Gruppen leitet, wenn er Kwale wiederbeginnt.
Weitere Details würden freigegeben, wenn alle von materieller Bedeutung auftritt.
Tiomin hat alle Betriebe in Kwale verschoben, jedoch, welches die Kenyan Regierung preperations für Bergbaubetriebe wie die Verschiebung der Landinhaber von der Grube Zone fortsetzt.
Insider Activity Review – latest 10 filings updated daily
http://www.stockhouse.ca/bullboards/wraplink.asp?url=www.can…
oder
http://www.canadianinsider.com/coReport/allTransactions.php?…
Tut sich nicht besonders viel bei Tiomin.
Hier jedoch mal eine gute Meldung - wäre gut wenn bald mal Bewegung in die Kurs Stagnation kommt.
Immerhin scheint der Kurs nicht wesentlich abzusacken und pendelt zwischen 0,085 und 0,09 C$.
Es sieht so aus, als sei dort ein Boden gefunden worden.
Professor Joseph Maitha
A former director of the Central Bank of Kenya, Professor Maitha is now in the board of the Tiomin Mining Company.
He has made a pile of money as an economic consultant with international financial institutions in the US.
He is the founder/proprietor of the African Development and Economic Consultants.
Hier jedoch mal eine gute Meldung - wäre gut wenn bald mal Bewegung in die Kurs Stagnation kommt.
Immerhin scheint der Kurs nicht wesentlich abzusacken und pendelt zwischen 0,085 und 0,09 C$.
Es sieht so aus, als sei dort ein Boden gefunden worden.
Professor Joseph Maitha
A former director of the Central Bank of Kenya, Professor Maitha is now in the board of the Tiomin Mining Company.
He has made a pile of money as an economic consultant with international financial institutions in the US.
He is the founder/proprietor of the African Development and Economic Consultants.
Antwort auf Beitrag Nr.: 28.302.129 von jensdab am 15.03.07 02:13:04Noch dabei??
Glaub jetzt kommt Bewegung rein. Die Chinesen sind mit einer nicht gerade geringen Summe eingestiegen um das Kwale-Projekt zu starten
In Kanada im Moment + 30%
Glaub jetzt kommt Bewegung rein. Die Chinesen sind mit einer nicht gerade geringen Summe eingestiegen um das Kwale-Projekt zu starten
In Kanada im Moment + 30%
Antwort auf Beitrag Nr.: 28.629.512 von jaffa am 02.04.07 20:53:28Klar bin ich noch dabei, bin jedoch für 10 Tage über Ostern verreist.
Kann ab und zu mal im Internet Cafe nachschauen, ob jetzt endlich die Wende geschafft wurde. Vielleicht kannst Du mal was in diesen thread schreiben, da bin ich wieder informiert.
Das war übrigens für mich ein Geburtstagsgeschenk, was für ein Zufall.
Immerhin ein recht beachtlicher Anstieg von 38,8 % mit sehr hohen Umsätzen.
Das sieht recht gut aus und die Geduld hat sich gelohnt.
Hoffentlich geht das jetzt weiter aufwärts mit Tiomin!!
Press Release Source: Tiomin Resources Inc.
Tiomin and Jinchuan Group Ltd. Announce Private Placement
Monday April 2, 8:59 am ET
TORONTO, ONTARIO--(CCNMatthews - April 2, 2007) - Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO - News) and Jinchuan Group Ltd. ("Jinchuan") of China have entered into a Memorandum of Understanding ("MOU") to finance and expedite the development of the Kwale mineral sands project in Kenya ("Kwale" or "the Project").
Jinchuan is investing approximately Cdn.$10.9 million in Tiomin by purchasing 72,521,134 common shares of the Company at Cdn.$0.15 per share.
This investment significantly strengthens Tiomin's cash position to about Cdn.$32 million (Cdn.$0.072 cash per share) and increases Jinchuan's equity ownership of Tiomin to 20%.
Tiomin has granted Jinchuan an 18-month option to increase its interest in Tiomin to 30% by subscribing for additional common shares at a price of Cdn.$0.35 per share, raising an additional Cdn.$17 million in new cash resources if exercised. The financing is subject to regulatory and Tiomin shareholder approval.
Mr. Jean-Charles Potvin, Chairman and Chief Executive Officer of Tiomin, commented "Jinchuan and Tiomin are united in their desire to jointly develop Kwale.
This financing begins what we hope is an accelerated development program with potential cost savings by maximizing Chinese content. Jinchuan is a world-class mining company with extensive project development experience and it is an ideal partner for Tiomin and Kenya.
This agreement is a very logical step as we build Tiomin into a global titanium producer and it confirms our belief that the Kwale project has significant merit that is not recognized in Tiomin's share price. Our stronger balance sheet and the support of Jinchuan will enable Tiomin to pursue the acquisition of additional titanium assets worldwide."
Jinchuan (www.jnmc.com) is the largest producer of nickel, cobalt and platinum group metals in China, combining mining, milling, smelting & refining and chemical engineering operations. It produces nickel, copper, cobalt, precious metals, various bulk chemicals and nonferrous metals. The output of nickel and platinum group metals are 88% and 90% respectively of total Chinese production.
Kann ab und zu mal im Internet Cafe nachschauen, ob jetzt endlich die Wende geschafft wurde. Vielleicht kannst Du mal was in diesen thread schreiben, da bin ich wieder informiert.
Das war übrigens für mich ein Geburtstagsgeschenk, was für ein Zufall.
Immerhin ein recht beachtlicher Anstieg von 38,8 % mit sehr hohen Umsätzen.
Das sieht recht gut aus und die Geduld hat sich gelohnt.
Hoffentlich geht das jetzt weiter aufwärts mit Tiomin!!
Press Release Source: Tiomin Resources Inc.
Tiomin and Jinchuan Group Ltd. Announce Private Placement
Monday April 2, 8:59 am ET
TORONTO, ONTARIO--(CCNMatthews - April 2, 2007) - Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX:TIO - News) and Jinchuan Group Ltd. ("Jinchuan") of China have entered into a Memorandum of Understanding ("MOU") to finance and expedite the development of the Kwale mineral sands project in Kenya ("Kwale" or "the Project").
Jinchuan is investing approximately Cdn.$10.9 million in Tiomin by purchasing 72,521,134 common shares of the Company at Cdn.$0.15 per share.
This investment significantly strengthens Tiomin's cash position to about Cdn.$32 million (Cdn.$0.072 cash per share) and increases Jinchuan's equity ownership of Tiomin to 20%.
Tiomin has granted Jinchuan an 18-month option to increase its interest in Tiomin to 30% by subscribing for additional common shares at a price of Cdn.$0.35 per share, raising an additional Cdn.$17 million in new cash resources if exercised. The financing is subject to regulatory and Tiomin shareholder approval.
Mr. Jean-Charles Potvin, Chairman and Chief Executive Officer of Tiomin, commented "Jinchuan and Tiomin are united in their desire to jointly develop Kwale.
This financing begins what we hope is an accelerated development program with potential cost savings by maximizing Chinese content. Jinchuan is a world-class mining company with extensive project development experience and it is an ideal partner for Tiomin and Kenya.
This agreement is a very logical step as we build Tiomin into a global titanium producer and it confirms our belief that the Kwale project has significant merit that is not recognized in Tiomin's share price. Our stronger balance sheet and the support of Jinchuan will enable Tiomin to pursue the acquisition of additional titanium assets worldwide."
Jinchuan (www.jnmc.com) is the largest producer of nickel, cobalt and platinum group metals in China, combining mining, milling, smelting & refining and chemical engineering operations. It produces nickel, copper, cobalt, precious metals, various bulk chemicals and nonferrous metals. The output of nickel and platinum group metals are 88% and 90% respectively of total Chinese production.
Antwort auf Beitrag Nr.: 28.631.982 von jensdab am 03.04.07 00:25:47Na dann herzlichen Glückwunsch und viel Spass im Urlaub.
Denke mal, dass wenn TIO hier mal entdeckt wird, das Teil ganz schön abgehen könnte. Auf jeden Fall ist Sie bei den Kanadiern bei einigen auf der Watchlist. Sonst wäre dieser Umsatz gestern nicht zu Stande gekommen. Wir werden sehen, wie es weitergeht. Sollte Kwale doch noch verwirklicht werden, gibt es hier kein Halten mehr. Also viel Spass noch. Gruss
und viel Spass im Urlaub. Denke mal, dass wenn TIO hier mal entdeckt wird, das Teil ganz schön abgehen könnte. Auf jeden Fall ist Sie bei den Kanadiern bei einigen auf der Watchlist. Sonst wäre dieser Umsatz gestern nicht zu Stande gekommen. Wir werden sehen, wie es weitergeht. Sollte Kwale doch noch verwirklicht werden, gibt es hier kein Halten mehr. Also viel Spass noch. Gruss
Antwort auf Beitrag Nr.: 28.638.928 von jaffa am 03.04.07 14:14:50
Sehr hohes Volumen bei den Kanadiern. Denke, dass News im Anmarsch sein könnten.
Sehr hohes Volumen bei den Kanadiern. Denke, dass News im Anmarsch sein könnten.
Antwort auf Beitrag Nr.: 28.784.361 von jaffa am 12.04.07 21:30:47Wieder aus den Ferien zurück - kühl war es und windig wie immer im Norden - inzwischen hat mein Depot zugenommen dank Wind (Nordex) und Sonne (Dyesol) australischer Solar - Farbstoffzellen Hersteller.
Sieht ja recht vielversprechend aus die Entwicklung von Tiomin - da wird sich einiges bewegen.
Auch ein Erfolg im Rechtsstreit gegen die Landbesitzer könnte dazu beitragen, das das Projekt endlich weiter fortschreitet.
In Berlin gibt es immer noch keine Umsätze - ist noch immer unbekannt hier in Deutschland.
Eigentlich wäre es ja sinnvoll, noch mal nachzulegen falls bald wieder news kommen, aber das klappt in Berlin wohl nicht.
Hier noch ein Kommentar zu den news:
When all was said and done, shareholders of Tiomin Resources Inc. (TSX:TIO) were able to cash in on the day's success Tuesday morning, experiencing a 4.00% up-tick accompanied by a trading volume of approximately 9,354,798.
Recently, our experienced team of researchers has been placing an increased focus on various companies throughout the Canadian Markets. Tiomin Resources Inc. was one of the prospective companies which we have chosen to bring to your attention.
In some of the most recent news to surface surrounding Tiomin Resources Inc, which we feel may have had an effect on the day's success in the marketplace, as well as an ongoing effect on shareholder outcome, Tiomin Resources Inc. and Jinchuan Group Ltd. ("Jinchuan") of China have entered into a Memorandum of Understanding ("MOU") to finance and expedite the development of the Kwale mineral sands project in Kenya ("Kwale" or "the Project").
Tiomin Resources Inc. is focused on the development of its Kwale titanium mineral sands deposit in the coastal province of Kenya, set to become among the lowest cost titanium producers in the world and Kenya's first major mining operation.
Sieht ja recht vielversprechend aus die Entwicklung von Tiomin - da wird sich einiges bewegen.
Auch ein Erfolg im Rechtsstreit gegen die Landbesitzer könnte dazu beitragen, das das Projekt endlich weiter fortschreitet.
In Berlin gibt es immer noch keine Umsätze - ist noch immer unbekannt hier in Deutschland.
Eigentlich wäre es ja sinnvoll, noch mal nachzulegen falls bald wieder news kommen, aber das klappt in Berlin wohl nicht.
Hier noch ein Kommentar zu den news:
When all was said and done, shareholders of Tiomin Resources Inc. (TSX:TIO) were able to cash in on the day's success Tuesday morning, experiencing a 4.00% up-tick accompanied by a trading volume of approximately 9,354,798.
Recently, our experienced team of researchers has been placing an increased focus on various companies throughout the Canadian Markets. Tiomin Resources Inc. was one of the prospective companies which we have chosen to bring to your attention.
In some of the most recent news to surface surrounding Tiomin Resources Inc, which we feel may have had an effect on the day's success in the marketplace, as well as an ongoing effect on shareholder outcome, Tiomin Resources Inc. and Jinchuan Group Ltd. ("Jinchuan") of China have entered into a Memorandum of Understanding ("MOU") to finance and expedite the development of the Kwale mineral sands project in Kenya ("Kwale" or "the Project").
Tiomin Resources Inc. is focused on the development of its Kwale titanium mineral sands deposit in the coastal province of Kenya, set to become among the lowest cost titanium producers in the world and Kenya's first major mining operation.
Antwort auf Beitrag Nr.: 28.839.739 von jaffa am 16.04.07 16:50:28Irgend etwas ist da im Busch, Riesen Umsätze - 16,089,441 shares
Da gibt es sicher bald news.
Hier ein guter Beitrag aus dem Bullboard von jemandem, der die Situation vor Ort in Kenya gut kennt und die Situation der Farmer erwähnt:
Posted By: rhm305
Post Time: 4/16/2007 12:22
"As I have stated in previous e-mails, my family lives not far from Nairobi on a settlement that we have owned for generations now. The farmers we're talking about here are not farmers as you may think of them in this country.
Their holdings are small and the amnount of land they actually use are smaller still. They produce enough to feed themsleves and their family and the rest is sold at local markets.
1000 USD is a huge amount of money to these farmers...far far more than their land is worth to them and far far far more than they could ever hope to make in years of selling in the local markets.
These farmers will find a new little piece of land and continue on as always. The only reason some of them wanted to stay is simple greed - they were told that by holding out, they may get more.
I have been in contact with family and friends there and local news and word on the street says that the farmers will all be out when Tiomin wants to move in.
Further to this, the land has already started to be cleared to pave the way for Tiomin's arrival.
The vast vast majority of the people in the surrounding area are thrilled that the mine is going to open as it means jobs for them!!
Ein ordentlicher Anstieg von 25.93% auf 0,17 Can $
Langsam scheint Tiomin wieder mehr Aufmerksamkeit in Kanada zu bekommen, in Deutschland ist sie so gut wie unbekannt. Das könnte sich aber ändern, wenn die Wende zur Realisierung des Minderal Sands Projektes weiter fortschreitet, und die Wende scheint eingeleitet worden zu sein!!
FLY HIGH
With Jinchuan buying our shares at 0.15 & later on buying warrants at .35 we are in good hands.
TIO now has enough cash flow to get things moving in Kenya. Jinchuan will soon own 30 % of TIO.
This is a good sign as they have world class management & are extremely reputed & respected in the mining sector.
The Chinese (Jinchuan) has enough clout & power to negotiate with the Kenyan government & will set things in motion soon.
Da gibt es sicher bald news.
Hier ein guter Beitrag aus dem Bullboard von jemandem, der die Situation vor Ort in Kenya gut kennt und die Situation der Farmer erwähnt:
Posted By: rhm305
Post Time: 4/16/2007 12:22
"As I have stated in previous e-mails, my family lives not far from Nairobi on a settlement that we have owned for generations now. The farmers we're talking about here are not farmers as you may think of them in this country.
Their holdings are small and the amnount of land they actually use are smaller still. They produce enough to feed themsleves and their family and the rest is sold at local markets.
1000 USD is a huge amount of money to these farmers...far far more than their land is worth to them and far far far more than they could ever hope to make in years of selling in the local markets.
These farmers will find a new little piece of land and continue on as always. The only reason some of them wanted to stay is simple greed - they were told that by holding out, they may get more.
I have been in contact with family and friends there and local news and word on the street says that the farmers will all be out when Tiomin wants to move in.
Further to this, the land has already started to be cleared to pave the way for Tiomin's arrival.
The vast vast majority of the people in the surrounding area are thrilled that the mine is going to open as it means jobs for them!!
Ein ordentlicher Anstieg von 25.93% auf 0,17 Can $
Langsam scheint Tiomin wieder mehr Aufmerksamkeit in Kanada zu bekommen, in Deutschland ist sie so gut wie unbekannt. Das könnte sich aber ändern, wenn die Wende zur Realisierung des Minderal Sands Projektes weiter fortschreitet, und die Wende scheint eingeleitet worden zu sein!!
FLY HIGH
With Jinchuan buying our shares at 0.15 & later on buying warrants at .35 we are in good hands.
TIO now has enough cash flow to get things moving in Kenya. Jinchuan will soon own 30 % of TIO.
This is a good sign as they have world class management & are extremely reputed & respected in the mining sector.
The Chinese (Jinchuan) has enough clout & power to negotiate with the Kenyan government & will set things in motion soon.
Sieht heute wieder gut aus für Tiomin z.Zt. 11,7 % plus auf 0,19 C$
Bin mal gespannt, wie das weiter geht. Ich denke mal, das die Wende eingeleitet worden ist!!
Antwort auf Beitrag Nr.: 28.860.707 von jensdab am 17.04.07 16:41:57bullboard sind sehr interessante Postings. Euphorie pur und der Makler in Berlin taxt nicht hoch. Ob ich morgen für 0,101 nachlage? Was meinst Du. Unter pari hier kaufen? Überlege mal was passiert, wenn das Ding hier entdeckt wird - oder erst bei den Chinesen?
Habe die postings auch gelesen, es wurden auch sehr viele Optionen gekauft Ausübung zu 37 can. cent fällig Dez. 2007.
Habe bei Onvista im Orderbuch nachgeschaut:
Kauf Orders
Stücke Limit
500 0,085
20.000 0,080
665 0,075
Habe ja auch schon überlegt, nachzulegen.
Unter pari in Berlin zu kaufen, wäre sicher ein Versuch wert.
Glaube aber, das es nicht klappt, habe früher schon in Berlin mehrere Male versucht, bin aber nie bedient worden. Aber wer weiß, an der Börse ist so manches möglich.
Wenn Tiomin 2008 mit der Produktion beginnen sollte, dann gibt es kein Halten mehr und ich freue mich, wenn ich damit meine Rentenkasse aufbessern kann, falls ich sie so lange halte.
Zum Schluss des heutigen Handels mit 15 Mio. Stück
ging es wieder etwas abwärts - vielleicht gab es Gewinnmitnahmen.
Aber immerhin noch 5,9 % Plus auf 0,18 C$ = 0,117 Euro
So sind die Chancen in Berlin vielleicht doch nicht so schlecht.
Habe bei Onvista im Orderbuch nachgeschaut:
Kauf Orders
Stücke Limit
500 0,085
20.000 0,080
665 0,075
Habe ja auch schon überlegt, nachzulegen.
Unter pari in Berlin zu kaufen, wäre sicher ein Versuch wert.
Glaube aber, das es nicht klappt, habe früher schon in Berlin mehrere Male versucht, bin aber nie bedient worden. Aber wer weiß, an der Börse ist so manches möglich.
Wenn Tiomin 2008 mit der Produktion beginnen sollte, dann gibt es kein Halten mehr und ich freue mich, wenn ich damit meine Rentenkasse aufbessern kann, falls ich sie so lange halte.
Zum Schluss des heutigen Handels mit 15 Mio. Stück
ging es wieder etwas abwärts - vielleicht gab es Gewinnmitnahmen.
Aber immerhin noch 5,9 % Plus auf 0,18 C$ = 0,117 Euro
So sind die Chancen in Berlin vielleicht doch nicht so schlecht.
Hier ist noch eine automatische Übersetzung (teilweise wirklich erheiternd lachen und gute Zusammenfassung der gegenwärtigen Situation von Tiomin:
TIOMIN RESOURCES INC.
vorhergehendes Ziel: $0.54 (TSX-TIO $0.125)
Risikobewertung: ÜBER DURCHSCHNITT
JINCHUAN GRUPPE INVESTITION WIRD TIOMIN MIT FORTFAHREN LASSEN KWALE Tiomin verkündete vor kurzem, daß es a eingetragen hatte Vereinbarung mit Jinchuan, dominierender chinesischer Produzent des Nickels und anderer Unterseite und kostbare Metalle, finanzieren und beschleunigen Entwicklung des Kwale Minerals versandet Projekt innen Kenia.
Als Teil dieses Verständnisses abhängig von der Tiomin Aktionärzustimmung, kauft Jinchuan 72.521.134 allgemeine Anteile von Tiomin an CDN$0.15/share, durch eine Privatplazierung, für Erträge zu Tiomin von ungefähr $10.9 Million.
Diese Investition wurde Besitz Jinchuans von Tiomin von 4.3% bis 20% erhöhen. Jinchuan würde auch eine 18 Monat Wahl haben, zum seines Interesses bis 30% zu erhöhen, indem er für unterzeichnete zusätzliche allgemeine Anteile zu einem Preis von CDN$0.35, welches Erträge zu Tiomin von CDN$17 zur Verfügung stellen würde Million. Jinchuan hat keine weitere gebührende Sorgfalt, zum durchzuführen, aber Aktionäre Tiomins müssen das Abkommen an ihrem AGM im Juni genehmigen, bevor die Kapital vorhanden werden. Jinchuan wird auch einen Sitz auf Brett Tiomins angeboten.
Jinchuan ist ein Chinesisch-Regierung-besessenes Wesen mit $6 Milliarde in den jährlichen Einkommen. Sie sind der größte Produzent des Nickels, Kobalt und Platingruppe Metalle in China und kombinieren das Bergbau, das Prägen, Einschmelzen u. Raffinierung und Industriechemiebetriebe.
Jinchuan hatte bereits ein Verhältnis zu Tiomin durch Abzugvereinbarungen für den Rutil, den Ilmenit, und das zircon (Titanlagermineralien) bei Kwale produziert zu werden.
Vorhergehend zu diesem MOU, Jinchuan stellte CDN$7 Million Zoll zur Verfügung Billigkeit und US$35 Million in unterstellter Schuld in Richtung zum Beteiligungskapital für das Kwale Projekt
Jinchuan errichtet einen Titanbetrieb in China, das, mindestens im Teil, auf die Viehbestände zu bauen wird, die durch Projekt Kenia Tiomins produziert werden -- es gibt keinen offensichtlichen Ersatz.
Während die Kwale Ablagerung nicht in der Größe massiv ist, seine Chemikalie Eigenschaften bilden sie besonders wünschenswert. Der chinesische Titanbetrieb hat defekten Boden und wird ungefähr zwei bis drei Jahre dauern, zum durchzuführen und online ungefähr kommt zur gleichen Zeit, der Kwale Produktion anfängt.
Wir nehmen vorweg, daß Tiomin und Jinchuan auch über weitere Investition durch Jinchuan am Kwale Projekt verhandeln Niveau.
Eine typische Struktur für eine Projektniveau-Investition würde Jinchuan miteinbeziehen, das damit einverstanden ist, das volle zur Verfügung zu stellen Finanzierung für das Projekt gegen ein Majorität Interesse.
Tiomin würde mit einem getragenen Interesse am Kwale Projekt, das notionally sich zwischen 20%-50% erstrecken würde, mit dem Hauptnutzen gelassen, den Tiomin haben würde beseitigte die Finanzierung Gefahr in Bezug auf Kwale.
Wir nehmen nicht vorweg, daß Jinchuan würde funktionieren wollen Kwale. Zugang zur Eigenschaft ist gesichert worden und Wiedereinsetzung der verlegten lokalen Leute sollte bis zum Juni komplett sein.
Die chinesische Regierung ist ein Hauptmitwirkendes der Auslandshilfe nach Kenia, einschließlich „gebundenes Hilfsmittel“, das investmentdependent ist.
Jinchuans angehobenes Interesse an Kwale erleichtert ein anhaltendes gutes Verhältnis zum Kenyan Regierung und die Gefahren abschwächen, die beim Funktionieren in Afrika, in dem die Traditionen der Eigentumsrechte zugehörig sind und Vertrag Gesetz sind nicht noch so befestigt wie in mehr entwickelten Ländern.
Die chinesischen Miteinbeziehung der Regierung stellt auch Vertrauen für kreditgebende Stellen zur Verfügung, da Jinchuan die mehr als ausreichenden Betriebsmittel hat, zum von Hauptkosten zu unterschreiben.
Bargeld-Gemeinkostenaufwand einer Unternehmung Tiomins wird bei $0.2 Million pro Monat geschätzt.
Sie haben Bargeld $20 Million an Hand und, Pfosten AGM Zustimmung, die Investition durch Jinchuan stellt addieren $10.9 Million zur Verfügung.
Mit der Investition durch Jinchuan, hat Tiomin Wert vom Kwale Projekt für seine Aktionäre gerettet - der Wahrscheinlichkeit hinzufügend, daß dieser Wert zu einem großräumigen, preiswerten Titan und zu einem Zirkoniumproduzenten sich entwickelt.
Die Jinchuan Investition bekanntgeben, die wir ungefähr $0.25 im Wert pro den Tiomin Anteil sehen, der an gegründet wird: $0.06 pro Anteil am Bargeld, Kapitalwert $0.04 pro Anteil vom peruanischen kupfernen Wert und $0.15 von einem getragenen Interesse an Kwale.
Wir führen unsere spekulative Kaufempfehlung mit einer oben genannten durchschnittlichen Risikobewertung wiederein.
Original Quelle:
http://www.baystreet.ca/articles/research_reports/jennings_c…
Intraday Chart:
TIOMIN RESOURCES INC.
vorhergehendes Ziel: $0.54 (TSX-TIO $0.125)
Risikobewertung: ÜBER DURCHSCHNITT
JINCHUAN GRUPPE INVESTITION WIRD TIOMIN MIT FORTFAHREN LASSEN KWALE Tiomin verkündete vor kurzem, daß es a eingetragen hatte Vereinbarung mit Jinchuan, dominierender chinesischer Produzent des Nickels und anderer Unterseite und kostbare Metalle, finanzieren und beschleunigen Entwicklung des Kwale Minerals versandet Projekt innen Kenia.
Als Teil dieses Verständnisses abhängig von der Tiomin Aktionärzustimmung, kauft Jinchuan 72.521.134 allgemeine Anteile von Tiomin an CDN$0.15/share, durch eine Privatplazierung, für Erträge zu Tiomin von ungefähr $10.9 Million.
Diese Investition wurde Besitz Jinchuans von Tiomin von 4.3% bis 20% erhöhen. Jinchuan würde auch eine 18 Monat Wahl haben, zum seines Interesses bis 30% zu erhöhen, indem er für unterzeichnete zusätzliche allgemeine Anteile zu einem Preis von CDN$0.35, welches Erträge zu Tiomin von CDN$17 zur Verfügung stellen würde Million. Jinchuan hat keine weitere gebührende Sorgfalt, zum durchzuführen, aber Aktionäre Tiomins müssen das Abkommen an ihrem AGM im Juni genehmigen, bevor die Kapital vorhanden werden. Jinchuan wird auch einen Sitz auf Brett Tiomins angeboten.
Jinchuan ist ein Chinesisch-Regierung-besessenes Wesen mit $6 Milliarde in den jährlichen Einkommen. Sie sind der größte Produzent des Nickels, Kobalt und Platingruppe Metalle in China und kombinieren das Bergbau, das Prägen, Einschmelzen u. Raffinierung und Industriechemiebetriebe.
Jinchuan hatte bereits ein Verhältnis zu Tiomin durch Abzugvereinbarungen für den Rutil, den Ilmenit, und das zircon (Titanlagermineralien) bei Kwale produziert zu werden.
Vorhergehend zu diesem MOU, Jinchuan stellte CDN$7 Million Zoll zur Verfügung Billigkeit und US$35 Million in unterstellter Schuld in Richtung zum Beteiligungskapital für das Kwale Projekt
Jinchuan errichtet einen Titanbetrieb in China, das, mindestens im Teil, auf die Viehbestände zu bauen wird, die durch Projekt Kenia Tiomins produziert werden -- es gibt keinen offensichtlichen Ersatz.
Während die Kwale Ablagerung nicht in der Größe massiv ist, seine Chemikalie Eigenschaften bilden sie besonders wünschenswert. Der chinesische Titanbetrieb hat defekten Boden und wird ungefähr zwei bis drei Jahre dauern, zum durchzuführen und online ungefähr kommt zur gleichen Zeit, der Kwale Produktion anfängt.
Wir nehmen vorweg, daß Tiomin und Jinchuan auch über weitere Investition durch Jinchuan am Kwale Projekt verhandeln Niveau.
Eine typische Struktur für eine Projektniveau-Investition würde Jinchuan miteinbeziehen, das damit einverstanden ist, das volle zur Verfügung zu stellen Finanzierung für das Projekt gegen ein Majorität Interesse.
Tiomin würde mit einem getragenen Interesse am Kwale Projekt, das notionally sich zwischen 20%-50% erstrecken würde, mit dem Hauptnutzen gelassen, den Tiomin haben würde beseitigte die Finanzierung Gefahr in Bezug auf Kwale.
Wir nehmen nicht vorweg, daß Jinchuan würde funktionieren wollen Kwale. Zugang zur Eigenschaft ist gesichert worden und Wiedereinsetzung der verlegten lokalen Leute sollte bis zum Juni komplett sein.
Die chinesische Regierung ist ein Hauptmitwirkendes der Auslandshilfe nach Kenia, einschließlich „gebundenes Hilfsmittel“, das investmentdependent ist.
Jinchuans angehobenes Interesse an Kwale erleichtert ein anhaltendes gutes Verhältnis zum Kenyan Regierung und die Gefahren abschwächen, die beim Funktionieren in Afrika, in dem die Traditionen der Eigentumsrechte zugehörig sind und Vertrag Gesetz sind nicht noch so befestigt wie in mehr entwickelten Ländern.
Die chinesischen Miteinbeziehung der Regierung stellt auch Vertrauen für kreditgebende Stellen zur Verfügung, da Jinchuan die mehr als ausreichenden Betriebsmittel hat, zum von Hauptkosten zu unterschreiben.
Bargeld-Gemeinkostenaufwand einer Unternehmung Tiomins wird bei $0.2 Million pro Monat geschätzt.
Sie haben Bargeld $20 Million an Hand und, Pfosten AGM Zustimmung, die Investition durch Jinchuan stellt addieren $10.9 Million zur Verfügung.
Mit der Investition durch Jinchuan, hat Tiomin Wert vom Kwale Projekt für seine Aktionäre gerettet - der Wahrscheinlichkeit hinzufügend, daß dieser Wert zu einem großräumigen, preiswerten Titan und zu einem Zirkoniumproduzenten sich entwickelt.
Die Jinchuan Investition bekanntgeben, die wir ungefähr $0.25 im Wert pro den Tiomin Anteil sehen, der an gegründet wird: $0.06 pro Anteil am Bargeld, Kapitalwert $0.04 pro Anteil vom peruanischen kupfernen Wert und $0.15 von einem getragenen Interesse an Kwale.
Wir führen unsere spekulative Kaufempfehlung mit einer oben genannten durchschnittlichen Risikobewertung wiederein.
Original Quelle:
http://www.baystreet.ca/articles/research_reports/jennings_c…
Intraday Chart:
Antwort auf Beitrag Nr.: 28.871.335 von jensdab am 18.04.07 00:26:36So gut wie kein Handel in Deutschland.
Es ist schwer welche zu bekommen.
Es ist schwer welche zu bekommen.
Antwort auf Beitrag Nr.: 28.871.335 von jensdab am 18.04.07 00:26:36Denke auch, dass gestern einige Zocker Ihre Gewinne realisiert haben. Waren ja auch 100%
in kurzer Zeit. Dennoch im Plus geschlossen. Gutes Zeichen
Leider bin ich nur mit einer kleine Posi drin. Denke, da geht was.
Viel Glück noch!!
in kurzer Zeit. Dennoch im Plus geschlossen. Gutes Zeichen
Leider bin ich nur mit einer kleine Posi drin. Denke, da geht was.
Viel Glück noch!!
Antwort auf Beitrag Nr.: 28.871.957 von vogelgrippe am 18.04.07 08:34:28Willkommen als Dritter hier. Die Aktie ist noch total unbekannt hier
in Deutschland.
Die Erfahrung mit dem Orderplatz Berlin habe ich auch gemacht.
Deswegen habe ich über die DAB Bank direkt in Kanada gekauft und sofort bedient worden. Kostet ca. 30 Euro Gebühren, aber bei mir hat
sich das schon ausgezahlt und ich bin fett im Plus.
Solltest Du in Kanada ordern, bekommst Du die Shares genau zum Briefkurs z.B. Yahoo finance.
Viel Glück!!
in Deutschland.
Die Erfahrung mit dem Orderplatz Berlin habe ich auch gemacht.
Deswegen habe ich über die DAB Bank direkt in Kanada gekauft und sofort bedient worden. Kostet ca. 30 Euro Gebühren, aber bei mir hat
sich das schon ausgezahlt und ich bin fett im Plus.
Solltest Du in Kanada ordern, bekommst Du die Shares genau zum Briefkurs z.B. Yahoo finance.
Viel Glück!!
Antwort auf Beitrag Nr.: 28.871.957 von vogelgrippe am 18.04.07 08:34:28Herzlich Willkommen
Noch ein paar Kaufwillige mehr und der Handel in Berlin wird auch hier funktionieren.
Noch ein paar Kaufwillige mehr und der Handel in Berlin wird auch hier funktionieren.
Antwort auf Beitrag Nr.: 28.877.479 von jaffa am 18.04.07 13:13:24Hat jemand Infos bzgl. NEWS über das Drill-Programm Copper-Gold-Projekt in Peru??
Lt. Beitrag im Bullboard sind heute News raus
Allerdings auf der TIOMIN-Homepage noch keine Mitteilung
Das wird was hier.
Einsteigen, bevor der Zug abgeht!!!
Lt. Beitrag im Bullboard sind heute News raus
Allerdings auf der TIOMIN-Homepage noch keine Mitteilung
Das wird was hier.
Einsteigen, bevor der Zug abgeht!!!
Antwort auf Beitrag Nr.: 28.900.377 von jaffa am 19.04.07 15:26:52Habe die news direkt per e-mail von Tiomin erhalten. Dort kann man seine mail Adresse angeben und wird informiert, wenn es etwas Neues gibt.
Eine gute andere Quelle von News findet man bei
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Es tut sich einiges bei Tiomin - die gestrigen Gewinnmitnahmen scheinen ein kurzes Zwischenspiel gewesen zu sein, die Käufer sind wieder in der Überzahl!!
===================================================================
Re: News Release - Thursday, April 19, 2007
Tiomin Reports First Drilling Results from 15,500 Meter Program
at Pukaqaqa Copper-Gold Project in Peru
=======================================================================
Toronto, Canada. April 19, 2007. Tiomin Resources Inc. ("Tiomin" or the
"Company") (TSX: TIO) is pleased to report the drill results of the
first 35 holes of a 15,500 meter drilling program at its Pukaqaqa
copper-gold project located in central Peru. Tiomin is earning a 49%
interest in the project from Compañia Minera Milpo S.A. ("Milpo"), a
well established Peruvian mining company.
Milpo, the operator of the project, has completed the drilling program
that started in August 2006. The company has received complete assay
results for the first 35 holes totaling 8,203 meters. The drilling
program was carried out systematically, starting from the north end of
the Blanket Norte towards the Blanket Sur.
Highlights of the program include:
-----------------------------------------------------------------------
Hole No. From To Length Cu Au Zone
(m) (m) (m) % (g/t)
-----------------------------------------------------------------------
-----------------------------------------------------------------------
PND-06-124 430.6 485.8 55.2 1.07 0.52 Northern Blanket
-----------------------------------------------------------------------
PND-06-127 21.0 105.0 84.0 0.51 - Northern Blanket
-----------------------------------------------------------------------
PND-06-135 8.3 73.6 65.3 0.75 - Northern Blanket
-----------------------------------------------------------------------
PND-06-137 321.0 367.45 46.45 1.02 0.26 Gaby breccia
-----------------------------------------------------------------------
PND-06-138 225.8 290.8 65.0 0.88 0.19 Gaby brec./
Nort. Blanket
-----------------------------------------------------------------------
PND-06-140 315.6 343.1 27.5 0.94 0.25 Gaby breccia
-----------------------------------------------------------------------
PND-06-142 104.4 178.8 74.4 0.48 0.10 Northern Blanket
-----------------------------------------------------------------------
PND-06-143 332.1 375.9 43.8 1.01 0.33 Gaby breccia
-----------------------------------------------------------------------
PND-06-144 107.9 150.4 42.5 1.26 0.20 Gaby breccia
-----------------------------------------------------------------------
PND-06-145 15.7 125.7 110.0 0.65 - Northern Blanket
-----------------------------------------------------------------------
PND-06-147 289.5 412.2 122.7 1.28 0.35 Gaby breccia
-----------------------------------------------------------------------
PND-06-148 3.6 164.9 161.3 0.60 - Northern Blanket
-----------------------------------------------------------------------
PND-06-149 45.3 131.8 86.5 1.08 0.18 Gaby brec./
Nort. Blanket
-----------------------------------------------------------------------
The results from the infill drilling program indicate that both the
Blanket Norte and the Gaby Breccia have substantial variability in
grade and volume, which will require a tighter spacing to upgrade the
resource to the measured and indicated categories. The Blanket Norte is
now wider than initially interpreted towards the southwest but has
decreased in width towards the northwest. A relatively higher grade
mineralized zone joins the Northern and Southern Blanket deposits,
extending for 200 metres with a width ranging from 50 to 100 metres to
a depth of 170 metres.
The Blanket Norte and the Blanket Sur zones are essentially flat-lying
mineralized skarn deposits that are flanked to the east by the steeply
dipping Gaby Breccia and Monica Breccia zones and to the west by the
Raurac Breccia zone.
The Pukaqaqa deposit contains a measured and indicated resource of 17.1
million tonnes grading 0.54% copper and 0.071 g/t gold (204 million
pounds of copper and 39,000 ounces of gold) and an inferred resource of
114.6 million tonnes grading 0.60% copper and 0.096 g/t gold (1.5
billion pounds of copper and 354,000 ounces of gold), using a 0.30%
copper cut-off grade. The objective of the current drilling program is
to convert a large portion of the inferred resource to the indicated
resources and start a pre-feasibility study for the development of
project. This study would contemplate the development of an open pit
mine together with a flotation plant. Tiomin released the results of a
preliminary economic assessment study on February 6, 2007.
A detailed assay result table for holes PND-06-120 to 154 is posted on
the Company's website under Pukaqaqa project.
Quality Assurance/Quality Control and Qualified Person
Milpo has implemented a Quality Control program to ensure the accuracy
in the collection and analysis of samples. Drill core (mainly HQ size)
is sampled at two metres interval on average and split in half using a
diamond saw. One half of the core is archived at the core storage
facility on site while the other half is crushed, pulverized, split and
a 250 gram portion is assayed at Actlabs Skyline Peru SAC (subsidiary
of Activation Laboratories Ltd.). Actlabs have an ISO 9001:2000
certification in exploration and mineral preparation; gold
determination by fire assay method, atomic absorption and gravimetry;
and atomic absorption determination of Ag, Cu, Zn, As, Ni, Bi, Fe, Mn,
and Mo. Accuracy of results is tested through the systematic inclusion
of standards, field blanks and duplicate samples. The standards are
prepared by SGS Peru, categorized into low, medium and high grade.
The Pukaqaqa exploration program is being managed by Mr. Jorge
Hinostroza, Exploration Manager for Compañia Minera Milpo S.A.A. Mr.
Robbert Borst, Vice president - Project Development for Tiomin, a
Qualified Person within the meaning of National Instrument 43-101, has
verified and approved the data disclosed in this release.
For further information, please contact Tiomin at (416) 350-3779 Jean
Charles Potvin, CEO, ext. 227 or Robert Jackson, President, ext. 230.
Visit the Company's website at www.tiomin.com.
Certain of the information contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
Table 1. Summary Drill Results for the Pukaqaqa Project
-----------------------------------------------------
-----------------------------------------------------
Hole No. Azimut Dip Depth Zone
-----------------------------------------------------
-----------------------------------------------------
PND-06-120 230.0 -70 150.7
-----------------------------------------------------
-----------------------------------------------------
PND-06-121 230.0 -45 150.9 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-122 198.0 -60 358.0
-----------------------------------------------------
-----------------------------------------------------
PND-06-123 0.0 -90 200.6 Northern Blanket
----
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-124 202.0 -64 522.0 vein in MBL
----------------------
Gaby Breccia
----------------------
Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-125 230.0 -65 182.3 Northern Blanket
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-126 230.0 -65 237.4 Northern Blanket
----
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-127 230.0 -60 162.6 Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-128 230.0 -65 280.1 Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
PND-06-129 219.0 -49 400.8 vein in MBL
Inc.
----------------------
----------------------
Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-130 230.0 -70 343.0 Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-131 230.0 -68 272.9 Gaby Breccia
----------------------
Northern Blanket
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-132 197.0 -49 408.0 vein in MBL
----------------------
Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-133 230.0 -60 188.1 Northern Blanket
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-134 50.0 -49 230.4 Northern Blanket
Inc.
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-135 230.0 -50 184.7 Northern Blanket
----
----------------------
-----------------------------------------------------
PND-06-136 230.0 -59 203.1 Northern Blanket
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-137 199.0 -35 367.5 Gaby Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-138 199.0 -50 290.8
Gaby Breccia Inc.
----------------------
Northern Blanket Inc.
Northern Blanket Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-139 230.0 -60 121.8 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-140 228.0 -67 354.3 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-141 50.0 -70 105.3 Northern Blanket
Inc.
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-142 230.0 -63 230.2 Gaby Breccia
----------------------
Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-143 251.0 -67 416.0 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-144 230.0 -65 152.0 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-145 50.0 -60 151.2 Northern Blanket
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-146 225.0 -45 121.5 Gaby Breccia
-----------------------------------------------------
PND-06-147 191.0 -65 473.4 Gaby Breccia
Inc.
----------------------
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-148 230.0 -70 164.9 Northern Blanket
Inc.
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-149 235.0 -45 131.8
Gaby Breccia Inc.
Inc.
----------------------
Northern Blanket Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-150 50.0 -50 70.0 ENSK in Raurac
Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-151 0.0 -90 167.5 Gaby Breccia
-----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-152 0.0 -90 103.3 Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-153 230.0 -44 202.7 Monica Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-154 230.0 -50 103.5 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
Cut
Length Au Ag Cu Zn Off
Hole No. From To (g/t) (g/t) % % %
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-120 No Significant Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-121 2.6 15.95 13.35 - 3.51 0.60 0.05 0.30
----------------------------------------------------------
71.6 85.6 14.0 - 3.44 0.59 0.04 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-122 No Significant Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-123 14.1 24.1 10.0 - 3.98 0.78 0.25 0.50
----------------------------------------------------------
89.5 98.5 9.0 - 4.72 0.57 0.11 0.30
----------------------------------------------------------
146.5 193.1 46.6 - 4.03 0.44 0.13 0.30
----------------------------------------------------------
152.5 182.5 30.0 - 4.73 0.54 0.19 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-124 247.1 259.1 12.0 0.03 4.93 0.49 0.68 0.30
----------------------------------------------------------
310.6 314.6 4.0 0.05 10.85 0.88 0.14 0.50
----------------------------------------------------------
430.6 485.8 55.2 0.52 5.49 1.07 0.03 0.30
----------------------------------------------------------
430.6 444.6 14.0 - 2.81 1.04 0.02 0.50
----------------------------------------------------------
462.6 476.15 13.55 2.03 13.64 2.57 0.07 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-125 59.0 73.0 14.0 0.09 4.44 0.31 0.03 0.30
----------------------------------------------------------
127.0 175.0 48.0 - 3.13 0.37 0.02 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-126 46.0 54.0 8.0 - 2.15 0.32 0.06 0.30
----------------------------------------------------------
137.2 163.2 26.0 - 3.07 0.31 0.11 0.30
----------------------------------------------------------
205.2 225.2 20.0 - 2.65 0.38 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-127 21.0 105.0 84.0 - 1.60 0.51 0.02 0.30
----------------------------------------------------------
21.0 39.0 18.0 - 1.48 0.62 0.01 0.50
----------------------------------------------------------
59.3 79.3 20.0 - 1.47 0.80 0.01 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-128 192.0 202.05 10.05 0.07 7.07 0.54 0.17 0.30
----------------------------------------------------------
272.25 280.1 7.85 0.10 5.54 0.73 0.12 0.50
----------------------------------------------------------------------
PND-06-129 39.6 67.6 28.0 0.02 17.33 2.12 2.93 0.50
----------------------------------------------------------
39.6 61.6 22.0 - 20.04 2.54 3.48 1.00
----------------------------------------------------------
----------------------------------------------------------
322.6 361.8 39.2 0.15 5.04 0.72 0.06 0.50
----------------------------------------------------------
376.55 400.8 24.25 0.14 3.93 0.56 0.05 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-130 298.7 306.1 7.4 0.11 5.00 0.46 0.06 0.30
----------------------------------------------------------
314.1 334.1 20.0 0.11 4.62 0.43 0.04 0.30
----------------------------------------------------------------------
PND-06-131 173.0 175.0 2.0 - 6.60 0.68 0.21 0.50
----------------------------------------------------------
182.65 194.65 12.0 - 4.73 0.35 0.25 0.30
----------------------------------------------------------
222.65 244.65 22.0 - 4.69 0.83 0.14 0.30
----------------------------------------------------------
224.65 240.65 16.0 - 4.98 0.98 0.14 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-132 32.5 43.4 10.9 0.37 137.00 1.89 1.95 1.00
----------------------------------------------------------
351.4 379.0 27.6 0.22 5.99 0.74 0.02 0.50
----------------------------------------------------------
373.0 377.0 4.0 0.45 7.75 1.57 0.02 1.00
----------------------------------------------------------------------
PND-06-133 10.9 45.0 34.1 - 2.33 0.40 0.01 0.30
----------------------------------------------------------
53.0 67.0 14.0 - 4.21 0.36 0.02 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-134 20.0 54.0 34.0 - 5.29 0.78 0.01 0.30
----------------------------------------------------------
20.0 36.0 16.0 - 9.63 1.30 0.02 1.00
----------------------------------------------------------
102.0 180.0 78.0 - 2.81 0.46 0.02 0.30
----------------------------------------------------------
102.0 112.0 10.0 - 4.00 0.88 0.01 0.50
----------------------------------------------------------------------
PND-06-135 8.3 73.6 65.3 - 2.94 0.75 0.01 0.50
----------------------------------------------------------
117.3 143.3 26.0 - 1.93 0.36 0.03 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-136 6.0 28.0 22.0 - 2.54 0.38 0.05 0.30
----------------------------------------------------------
74.0 145.7 71.7 - 1.80 0.57 0.03 0.30
----------------------------------------------------------
----------------------------------------------------------
80.0 110.5 30.5 - 1.59 0.81 0.02 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-137 321.0 367.45 46.45 0.26 5.74 1.02 0.08 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-138 225.8 290.8 65.0 0.19 2.59 0.88 0.02
---------------------------------------------------------
225.8 245.4 19.6 0.34 4.03 1.51 0.04 1.00
---------------------------------------------------------
245.4 290.8 45.4 0.13 1.97 0.61 0.01 0.30
---------------------------------------------------------
245.4 262.8 17.4 0.24 2.95 1.10 0.01 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-139 19.1 69.1 50.0 - 2.88 0.42 0.05 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-140 315.6 343.1 27.5 0.25 4.14 0.94 0.11 0.30
---------------------------------------------------------
315.6 322.4 6.8 0.30 6.34 1.05 0.40 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-141 29.1 73.1 44.0 - 2.05 0.41 0.02 0.30
---------------------------------------------------------
35.1 49.1 14.0 - 2.53 0.55 0.02 0.50
---------------------------------------------------------
87.1 99.1 12.0 - 1.85 0.34 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-142 98.4 104.4 6.0 0.39 9.00 1.60 0.03 1.00
---------------------------------------------------------
104.4 178.8 74.4 0.10 3.57 0.48 0.01 0.30
---------------------------------------------------------
104.4 128.3 23.9 0.12 5.05 0.57 0.02 0.50
---------------------------------------------------------
139.4 172.8 33.4 0.11 3.08 0.50 0.01 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-143 332.1 375.9 43.8 0.33 5.86 1.01 0.20 0.50
---------------------------------------------------------
358.1 372.7 14.6 0.39 5.98 1.47 0.08 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-144 107.9 150.4 42.5 0.20 5.62 1.26 0.07 0.50
---------------------------------------------------------
111.9 146.8 34.9 0.22 5.78 1.38 0.05 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-145 15.7 125.7 110.0 - 2.69 0.65 0.02 0.30
---------------------------------------------------------
31.7 99.7 68.0 - 2.93 0.80 0.02 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-146 110.2 121.5 11.3 0.10 4.27 0.79 0.13 0.50
----------------------------------------------------------------------
PND-06-147 289.5 412.2 122.7 0.35 4.92 1.28 0.05 0.30
---------------------------------------------------------
325.5 406.2 80.7 0.42 5.54 1.59 0.05 1.00
---------------------------------------------------------
---------------------------------------------------------
446.9 473.4 26.5 0.40 4.14 1.50 0.05 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-148 3.6 164.9 161.3 3.27 0.60 0.03 0.30
---------------------------------------------------------
3.6 43.6 40.0 2.96 0.66 0.04 0.50
---------------------------------------------------------
81.6 115.6 34.0 3.05 0.76 0.02 0.50
---------------------------------------------------------
127.6 153.8 26.2 3.61 0.64 0.03 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-149 45.3 131.8 86.5 0.18 6.13 1.08 0.10
---------------------------------------------------------
45.3 87.9 42.6 0.20 7.35 1.12 0.16 0.50
---------------------------------------------------------
56.6 87.9 31.3 0.21 6.45 1.27 0.12 1.00
---------------------------------------------------------
87.9 131.8 43.9 0.16 4.95 1.04 0.05 0.50
---------------------------------------------------------
95.9 111.9 16.0 0.20 5.80 1.48 0.05 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-150
15.5 23.5 8.0 0.00 5.35 0.53 0.53 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-151 36.7 44.7 8.0 0.24 9.88 0.37 0.09 0.30
---------------------------------------------------------
44.7 74.7 30.0 0.10 4.49 0.38 0.07 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-152 15.15 91.25 76.1 4.24 0.36 0.04 0.30
---------------------------------------------------------
15.15 39.15 24.0 5.32 0.35 0.07 0.30
---------------------------------------------------------
55.15 91.25 36.1 3.98 0.41 0.03 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-153 37.4 49.8 12.4 0.08 5.65 0.44 0.23 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-154 42.4 83.4 41.0 1.74 0.51 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
Note: True width for the Northern Blanket is estimated to be 63 to 100%
of the drilled length, except for holes 124 and 147 where true
width is estimated at 34 to 38%. True width for the Gaby Breccia
is estimated to be 30 to 95% of the drilled length.
View News Release in PDF Format:
http://www.tiomin.com/i/pdf/2007-04-19_NR.pdf" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-04-19_NR.pdf
58 KB in size, approx. 12 seconds to download at 56.6Kbps
=======================================================================
Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Thu Apr 19, 2007 at 6:53:16 AM Pacific Time
=======================================================================
Eine gute andere Quelle von News findet man bei
Finanznachrichten:
http://www.finanznachrichten.de
Dort kann man sich kostenlos anmelden und eine Nachrichten Watchlist anlegen.
Es tut sich einiges bei Tiomin - die gestrigen Gewinnmitnahmen scheinen ein kurzes Zwischenspiel gewesen zu sein, die Käufer sind wieder in der Überzahl!!
===================================================================
Re: News Release - Thursday, April 19, 2007
Tiomin Reports First Drilling Results from 15,500 Meter Program
at Pukaqaqa Copper-Gold Project in Peru
=======================================================================
Toronto, Canada. April 19, 2007. Tiomin Resources Inc. ("Tiomin" or the
"Company") (TSX: TIO) is pleased to report the drill results of the
first 35 holes of a 15,500 meter drilling program at its Pukaqaqa
copper-gold project located in central Peru. Tiomin is earning a 49%
interest in the project from Compañia Minera Milpo S.A. ("Milpo"), a
well established Peruvian mining company.
Milpo, the operator of the project, has completed the drilling program
that started in August 2006. The company has received complete assay
results for the first 35 holes totaling 8,203 meters. The drilling
program was carried out systematically, starting from the north end of
the Blanket Norte towards the Blanket Sur.
Highlights of the program include:
-----------------------------------------------------------------------
Hole No. From To Length Cu Au Zone
(m) (m) (m) % (g/t)
-----------------------------------------------------------------------
-----------------------------------------------------------------------
PND-06-124 430.6 485.8 55.2 1.07 0.52 Northern Blanket
-----------------------------------------------------------------------
PND-06-127 21.0 105.0 84.0 0.51 - Northern Blanket
-----------------------------------------------------------------------
PND-06-135 8.3 73.6 65.3 0.75 - Northern Blanket
-----------------------------------------------------------------------
PND-06-137 321.0 367.45 46.45 1.02 0.26 Gaby breccia
-----------------------------------------------------------------------
PND-06-138 225.8 290.8 65.0 0.88 0.19 Gaby brec./
Nort. Blanket
-----------------------------------------------------------------------
PND-06-140 315.6 343.1 27.5 0.94 0.25 Gaby breccia
-----------------------------------------------------------------------
PND-06-142 104.4 178.8 74.4 0.48 0.10 Northern Blanket
-----------------------------------------------------------------------
PND-06-143 332.1 375.9 43.8 1.01 0.33 Gaby breccia
-----------------------------------------------------------------------
PND-06-144 107.9 150.4 42.5 1.26 0.20 Gaby breccia
-----------------------------------------------------------------------
PND-06-145 15.7 125.7 110.0 0.65 - Northern Blanket
-----------------------------------------------------------------------
PND-06-147 289.5 412.2 122.7 1.28 0.35 Gaby breccia
-----------------------------------------------------------------------
PND-06-148 3.6 164.9 161.3 0.60 - Northern Blanket
-----------------------------------------------------------------------
PND-06-149 45.3 131.8 86.5 1.08 0.18 Gaby brec./
Nort. Blanket
-----------------------------------------------------------------------
The results from the infill drilling program indicate that both the
Blanket Norte and the Gaby Breccia have substantial variability in
grade and volume, which will require a tighter spacing to upgrade the
resource to the measured and indicated categories. The Blanket Norte is
now wider than initially interpreted towards the southwest but has
decreased in width towards the northwest. A relatively higher grade
mineralized zone joins the Northern and Southern Blanket deposits,
extending for 200 metres with a width ranging from 50 to 100 metres to
a depth of 170 metres.
The Blanket Norte and the Blanket Sur zones are essentially flat-lying
mineralized skarn deposits that are flanked to the east by the steeply
dipping Gaby Breccia and Monica Breccia zones and to the west by the
Raurac Breccia zone.
The Pukaqaqa deposit contains a measured and indicated resource of 17.1
million tonnes grading 0.54% copper and 0.071 g/t gold (204 million
pounds of copper and 39,000 ounces of gold) and an inferred resource of
114.6 million tonnes grading 0.60% copper and 0.096 g/t gold (1.5
billion pounds of copper and 354,000 ounces of gold), using a 0.30%
copper cut-off grade. The objective of the current drilling program is
to convert a large portion of the inferred resource to the indicated
resources and start a pre-feasibility study for the development of
project. This study would contemplate the development of an open pit
mine together with a flotation plant. Tiomin released the results of a
preliminary economic assessment study on February 6, 2007.
A detailed assay result table for holes PND-06-120 to 154 is posted on
the Company's website under Pukaqaqa project.
Quality Assurance/Quality Control and Qualified Person
Milpo has implemented a Quality Control program to ensure the accuracy
in the collection and analysis of samples. Drill core (mainly HQ size)
is sampled at two metres interval on average and split in half using a
diamond saw. One half of the core is archived at the core storage
facility on site while the other half is crushed, pulverized, split and
a 250 gram portion is assayed at Actlabs Skyline Peru SAC (subsidiary
of Activation Laboratories Ltd.). Actlabs have an ISO 9001:2000
certification in exploration and mineral preparation; gold
determination by fire assay method, atomic absorption and gravimetry;
and atomic absorption determination of Ag, Cu, Zn, As, Ni, Bi, Fe, Mn,
and Mo. Accuracy of results is tested through the systematic inclusion
of standards, field blanks and duplicate samples. The standards are
prepared by SGS Peru, categorized into low, medium and high grade.
The Pukaqaqa exploration program is being managed by Mr. Jorge
Hinostroza, Exploration Manager for Compañia Minera Milpo S.A.A. Mr.
Robbert Borst, Vice president - Project Development for Tiomin, a
Qualified Person within the meaning of National Instrument 43-101, has
verified and approved the data disclosed in this release.
For further information, please contact Tiomin at (416) 350-3779 Jean
Charles Potvin, CEO, ext. 227 or Robert Jackson, President, ext. 230.
Visit the Company's website at www.tiomin.com.
Certain of the information contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
Table 1. Summary Drill Results for the Pukaqaqa Project
-----------------------------------------------------
-----------------------------------------------------
Hole No. Azimut Dip Depth Zone
-----------------------------------------------------
-----------------------------------------------------
PND-06-120 230.0 -70 150.7
-----------------------------------------------------
-----------------------------------------------------
PND-06-121 230.0 -45 150.9 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-122 198.0 -60 358.0
-----------------------------------------------------
-----------------------------------------------------
PND-06-123 0.0 -90 200.6 Northern Blanket
----
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-124 202.0 -64 522.0 vein in MBL
----------------------
Gaby Breccia
----------------------
Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-125 230.0 -65 182.3 Northern Blanket
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-126 230.0 -65 237.4 Northern Blanket
----
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-127 230.0 -60 162.6 Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-128 230.0 -65 280.1 Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
PND-06-129 219.0 -49 400.8 vein in MBL
Inc.
----------------------
----------------------
Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-130 230.0 -70 343.0 Gaby Breccia
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-131 230.0 -68 272.9 Gaby Breccia
----------------------
Northern Blanket
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-132 197.0 -49 408.0 vein in MBL
----------------------
Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-133 230.0 -60 188.1 Northern Blanket
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-134 50.0 -49 230.4 Northern Blanket
Inc.
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-135 230.0 -50 184.7 Northern Blanket
----
----------------------
-----------------------------------------------------
PND-06-136 230.0 -59 203.1 Northern Blanket
----
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-137 199.0 -35 367.5 Gaby Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-138 199.0 -50 290.8
Gaby Breccia Inc.
----------------------
Northern Blanket Inc.
Northern Blanket Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-139 230.0 -60 121.8 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-140 228.0 -67 354.3 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-141 50.0 -70 105.3 Northern Blanket
Inc.
----
-----------------------------------------------------
-----------------------------------------------------
PND-06-142 230.0 -63 230.2 Gaby Breccia
----------------------
Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-143 251.0 -67 416.0 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-144 230.0 -65 152.0 Gaby Breccia
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-145 50.0 -60 151.2 Northern Blanket
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-146 225.0 -45 121.5 Gaby Breccia
-----------------------------------------------------
PND-06-147 191.0 -65 473.4 Gaby Breccia
Inc.
----------------------
----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-148 230.0 -70 164.9 Northern Blanket
Inc.
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-149 235.0 -45 131.8
Gaby Breccia Inc.
Inc.
----------------------
Northern Blanket Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-150 50.0 -50 70.0 ENSK in Raurac
Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-151 0.0 -90 167.5 Gaby Breccia
-----------------------
Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
PND-06-152 0.0 -90 103.3 Northern Blanket
Inc.
Inc.
-----------------------------------------------------
-----------------------------------------------------
PND-06-153 230.0 -44 202.7 Monica Breccia
-----------------------------------------------------
-----------------------------------------------------
PND-06-154 230.0 -50 103.5 Northern Blanket
-----------------------------------------------------
-----------------------------------------------------
----------------------------------------------------------------------
----------------------------------------------------------------------
Cut
Length Au Ag Cu Zn Off
Hole No. From To (g/t) (g/t) % % %
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-120 No Significant Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-121 2.6 15.95 13.35 - 3.51 0.60 0.05 0.30
----------------------------------------------------------
71.6 85.6 14.0 - 3.44 0.59 0.04 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-122 No Significant Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-123 14.1 24.1 10.0 - 3.98 0.78 0.25 0.50
----------------------------------------------------------
89.5 98.5 9.0 - 4.72 0.57 0.11 0.30
----------------------------------------------------------
146.5 193.1 46.6 - 4.03 0.44 0.13 0.30
----------------------------------------------------------
152.5 182.5 30.0 - 4.73 0.54 0.19 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-124 247.1 259.1 12.0 0.03 4.93 0.49 0.68 0.30
----------------------------------------------------------
310.6 314.6 4.0 0.05 10.85 0.88 0.14 0.50
----------------------------------------------------------
430.6 485.8 55.2 0.52 5.49 1.07 0.03 0.30
----------------------------------------------------------
430.6 444.6 14.0 - 2.81 1.04 0.02 0.50
----------------------------------------------------------
462.6 476.15 13.55 2.03 13.64 2.57 0.07 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-125 59.0 73.0 14.0 0.09 4.44 0.31 0.03 0.30
----------------------------------------------------------
127.0 175.0 48.0 - 3.13 0.37 0.02 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-126 46.0 54.0 8.0 - 2.15 0.32 0.06 0.30
----------------------------------------------------------
137.2 163.2 26.0 - 3.07 0.31 0.11 0.30
----------------------------------------------------------
205.2 225.2 20.0 - 2.65 0.38 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-127 21.0 105.0 84.0 - 1.60 0.51 0.02 0.30
----------------------------------------------------------
21.0 39.0 18.0 - 1.48 0.62 0.01 0.50
----------------------------------------------------------
59.3 79.3 20.0 - 1.47 0.80 0.01 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-128 192.0 202.05 10.05 0.07 7.07 0.54 0.17 0.30
----------------------------------------------------------
272.25 280.1 7.85 0.10 5.54 0.73 0.12 0.50
----------------------------------------------------------------------
PND-06-129 39.6 67.6 28.0 0.02 17.33 2.12 2.93 0.50
----------------------------------------------------------
39.6 61.6 22.0 - 20.04 2.54 3.48 1.00
----------------------------------------------------------
----------------------------------------------------------
322.6 361.8 39.2 0.15 5.04 0.72 0.06 0.50
----------------------------------------------------------
376.55 400.8 24.25 0.14 3.93 0.56 0.05 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-130 298.7 306.1 7.4 0.11 5.00 0.46 0.06 0.30
----------------------------------------------------------
314.1 334.1 20.0 0.11 4.62 0.43 0.04 0.30
----------------------------------------------------------------------
PND-06-131 173.0 175.0 2.0 - 6.60 0.68 0.21 0.50
----------------------------------------------------------
182.65 194.65 12.0 - 4.73 0.35 0.25 0.30
----------------------------------------------------------
222.65 244.65 22.0 - 4.69 0.83 0.14 0.30
----------------------------------------------------------
224.65 240.65 16.0 - 4.98 0.98 0.14 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-132 32.5 43.4 10.9 0.37 137.00 1.89 1.95 1.00
----------------------------------------------------------
351.4 379.0 27.6 0.22 5.99 0.74 0.02 0.50
----------------------------------------------------------
373.0 377.0 4.0 0.45 7.75 1.57 0.02 1.00
----------------------------------------------------------------------
PND-06-133 10.9 45.0 34.1 - 2.33 0.40 0.01 0.30
----------------------------------------------------------
53.0 67.0 14.0 - 4.21 0.36 0.02 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-134 20.0 54.0 34.0 - 5.29 0.78 0.01 0.30
----------------------------------------------------------
20.0 36.0 16.0 - 9.63 1.30 0.02 1.00
----------------------------------------------------------
102.0 180.0 78.0 - 2.81 0.46 0.02 0.30
----------------------------------------------------------
102.0 112.0 10.0 - 4.00 0.88 0.01 0.50
----------------------------------------------------------------------
PND-06-135 8.3 73.6 65.3 - 2.94 0.75 0.01 0.50
----------------------------------------------------------
117.3 143.3 26.0 - 1.93 0.36 0.03 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-136 6.0 28.0 22.0 - 2.54 0.38 0.05 0.30
----------------------------------------------------------
74.0 145.7 71.7 - 1.80 0.57 0.03 0.30
----------------------------------------------------------
----------------------------------------------------------
80.0 110.5 30.5 - 1.59 0.81 0.02 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-137 321.0 367.45 46.45 0.26 5.74 1.02 0.08 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-138 225.8 290.8 65.0 0.19 2.59 0.88 0.02
---------------------------------------------------------
225.8 245.4 19.6 0.34 4.03 1.51 0.04 1.00
---------------------------------------------------------
245.4 290.8 45.4 0.13 1.97 0.61 0.01 0.30
---------------------------------------------------------
245.4 262.8 17.4 0.24 2.95 1.10 0.01 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-139 19.1 69.1 50.0 - 2.88 0.42 0.05 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-140 315.6 343.1 27.5 0.25 4.14 0.94 0.11 0.30
---------------------------------------------------------
315.6 322.4 6.8 0.30 6.34 1.05 0.40 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-141 29.1 73.1 44.0 - 2.05 0.41 0.02 0.30
---------------------------------------------------------
35.1 49.1 14.0 - 2.53 0.55 0.02 0.50
---------------------------------------------------------
87.1 99.1 12.0 - 1.85 0.34 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-142 98.4 104.4 6.0 0.39 9.00 1.60 0.03 1.00
---------------------------------------------------------
104.4 178.8 74.4 0.10 3.57 0.48 0.01 0.30
---------------------------------------------------------
104.4 128.3 23.9 0.12 5.05 0.57 0.02 0.50
---------------------------------------------------------
139.4 172.8 33.4 0.11 3.08 0.50 0.01 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-143 332.1 375.9 43.8 0.33 5.86 1.01 0.20 0.50
---------------------------------------------------------
358.1 372.7 14.6 0.39 5.98 1.47 0.08 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-144 107.9 150.4 42.5 0.20 5.62 1.26 0.07 0.50
---------------------------------------------------------
111.9 146.8 34.9 0.22 5.78 1.38 0.05 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-145 15.7 125.7 110.0 - 2.69 0.65 0.02 0.30
---------------------------------------------------------
31.7 99.7 68.0 - 2.93 0.80 0.02 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-146 110.2 121.5 11.3 0.10 4.27 0.79 0.13 0.50
----------------------------------------------------------------------
PND-06-147 289.5 412.2 122.7 0.35 4.92 1.28 0.05 0.30
---------------------------------------------------------
325.5 406.2 80.7 0.42 5.54 1.59 0.05 1.00
---------------------------------------------------------
---------------------------------------------------------
446.9 473.4 26.5 0.40 4.14 1.50 0.05 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-148 3.6 164.9 161.3 3.27 0.60 0.03 0.30
---------------------------------------------------------
3.6 43.6 40.0 2.96 0.66 0.04 0.50
---------------------------------------------------------
81.6 115.6 34.0 3.05 0.76 0.02 0.50
---------------------------------------------------------
127.6 153.8 26.2 3.61 0.64 0.03 0.50
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-149 45.3 131.8 86.5 0.18 6.13 1.08 0.10
---------------------------------------------------------
45.3 87.9 42.6 0.20 7.35 1.12 0.16 0.50
---------------------------------------------------------
56.6 87.9 31.3 0.21 6.45 1.27 0.12 1.00
---------------------------------------------------------
87.9 131.8 43.9 0.16 4.95 1.04 0.05 0.50
---------------------------------------------------------
95.9 111.9 16.0 0.20 5.80 1.48 0.05 1.00
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-150
15.5 23.5 8.0 0.00 5.35 0.53 0.53 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-151 36.7 44.7 8.0 0.24 9.88 0.37 0.09 0.30
---------------------------------------------------------
44.7 74.7 30.0 0.10 4.49 0.38 0.07 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-152 15.15 91.25 76.1 4.24 0.36 0.04 0.30
---------------------------------------------------------
15.15 39.15 24.0 5.32 0.35 0.07 0.30
---------------------------------------------------------
55.15 91.25 36.1 3.98 0.41 0.03 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-153 37.4 49.8 12.4 0.08 5.65 0.44 0.23 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
PND-06-154 42.4 83.4 41.0 1.74 0.51 0.01 0.30
----------------------------------------------------------------------
----------------------------------------------------------------------
Note: True width for the Northern Blanket is estimated to be 63 to 100%
of the drilled length, except for holes 124 and 147 where true
width is estimated at 34 to 38%. True width for the Gaby Breccia
is estimated to be 30 to 95% of the drilled length.
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=======================================================================
Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Thu Apr 19, 2007 at 6:53:16 AM Pacific Time
=======================================================================
Antwort auf Beitrag Nr.: 28.906.874 von jensdab am 19.04.07 20:23:26Hi, bin im Newsletter angemeldet, kann aber meine Emails auf der Arbeit nicht abrufen.
Was hälst Du von den Ergebnissen?
Was hälst Du von den Ergebnissen?
Antwort auf Beitrag Nr.: 28.907.614 von jaffa am 19.04.07 21:11:55kenne mich zu wenig aus mit den geologischen Gegebenheiten.
Lt. Bullboard sollte das die Kursentwicklung nicht beinflussen, da Tio 's Hauptprojekt in Kenya ist, die sehen das eher als neutral an, weder gut noch negativ.
Bin schon gespannt auf die weitere Entwicklung.
Lt. Bullboard sollte das die Kursentwicklung nicht beinflussen, da Tio 's Hauptprojekt in Kenya ist, die sehen das eher als neutral an, weder gut noch negativ.
Bin schon gespannt auf die weitere Entwicklung.
Habe mal nachgeschaut bei der Stock Technical Analysis und die sagt, das Tiomin bullish gesehen wird außer im Shortbereich da findet man Neutral.
Obere Wiederstandliniem liegen bei 0,22 und 0,24 C$
Unterstützung gibt es bein 0,14 und 0,16.
In dem Chart sieht man auch deutlich die hohen Umsätze Ende März bis April.
Kann sein, das wir nächste Woche mal Seitwärts Kurse um die 15 cent sehen - es sei denn, es gibt wieder gute Neuigkeiten.
Obere Wiederstandliniem liegen bei 0,22 und 0,24 C$
Unterstützung gibt es bein 0,14 und 0,16.
In dem Chart sieht man auch deutlich die hohen Umsätze Ende März bis April.
Kann sein, das wir nächste Woche mal Seitwärts Kurse um die 15 cent sehen - es sei denn, es gibt wieder gute Neuigkeiten.
Hier gibt es einen Überblick über die Situation von Tiomin:
TIOMIN RESOURCES INC. : http://www.tiomin.com/ : QwikReport
Articles and Comments
# An Open Letter to the Citizens of Kenya
Tiomin Resources Inc of Toronto Canada, applied for and was granted a number of Exploration Leases in Kenya in the mid-1990's. Exploration work subsequently defined a number of large but low grade mineral sands resources.
After the basic exploration phase, there was sufficient confidence in the Kwale project to commence discussions with the Government of Kenya to understand the approval process required to see investment in a successful project. There were four substantive criteria to be met before a Mining Licence could be issued.
They were:-
1. ) The operation must be undertaken by a Kenyan based company with rules set for the number of Kenyan Directors.
2. ) Completion of a full engineering feasibility study
3. ) Grant of Environmental licences after a comprehensive review
4. ) Title for the land to be mined --to be held by the Government of Kenya for the duration of the mining activity.
Tiomin Kenya Limited & Kenya Titanium Limited
Tiomin Resources formed these two Kenyan based companies as 100% subsidiaries of Tiomin Resources Inc. Our Kenyan lawyer acts as a Kenyan Director with shares held in trust by Tiomin Resources Inc. There are no other Kenyan shareholders.
Why two companies?
Tiomin believes that when this project is approved -- part of the processing plant will qualify for EPZ or Export Promotion Zone status since virtually all mineral products would be exported --returning vital foreign exchange for Kenya.
It simplifies financial arrangements to have the basic operations conducted within Tiomin Kenya Ltd and for any part of future operations, to be run by Kenya Titanium Ltd. This second company is only to be activated when all approvals are met.
This corporate structure meets the first criteria required for the issuance of a Mining Licence.
Feasibility Study -- Kwale Project
Some initial pre-feasibility work suggested that this could be a financially sound investment. It provided the confidence to proceed with further work.
The full bankable feasibility study for the Kwale project was a comprehensive evaluation that took nearly three years of technical studies. It was completed in April 2000. It considered all technical, engineering and market issues to determine whether the project was financially viable. Only from that time --could Tiomin start to express a higher level of confidence in the project.
The exploration and engineering work completed at a cost of around K Sh 600 million, meets the second criteria in the overall approval process.
Environmental Licence
It was apparent when the approval process was commenced, that new Environmental Legislation was likely to be in place before the Environmental Impact Assessment (EIA) Study was completed. Therefore, Tiomin worked together with the appropriate authorities to establish an action plan that could align to that new legislation.
The environmental work was undertaken in parallel with the engineering study since neither can stand alone. In other words, it was essential that plant and process designs could meet either Kenyan or international environmental standards -- whichever provided the better environmental outcome. It is indeed an iterative process of continuous improvement in standards.
The Environmental Impact Assessment Study (EIA) for the Kwale Project was undertaken on behalf of Tiomin by Coastal Environmental Services (CES), an internationally recognized specialist with extensive experience in mineral sands. CES made use of local Kenyan consultants for many aspects of the overall study. This extensive environmental study alone required the investment of K Sh 75 million with about 25 percent of the cost paid by Canadian International Development Agency (CIDA), a Government of Canada agency. The involvement of CIDA ensured that the study was completed to the highest international standards.
This EIA (Environmental Impact Assessment) was tabled to the Government in April 2000. In the following months -- it was reviewed by government technical specialists then submitted to the statutory 3 month public comment period. All comments /criticisms/ support, was then passed to Tiomin for a final analysis and response. This response was tabled to the Government during November 2000.
Tiomin awaits the outcome of a final Government review.
No Environmental Licence has been issued to date. Until it is -- the third criteria for the issuance of a Mining Licence has not been met.
Land Title
To meet the fourth criteria for the issuance of a Mining Licence, Tiomin has entered into agreements with many landowners in the proposed mining area. The matter is complicated by land that is part of the defunct Ramisi sugar estate. Tiomin has worked with the Government over a prolonged period to achieve resolution of this matter. Those negotiations continue. Until this is resolved -- Tiomin is precluded from negotiating fair compensation with the squatter families who live there. Tiomin has always publicly stated that squatters will be treated fairly, on a similar basis to registered landowners.
Tiomin does not have land title to the proposed mining area. Until Tiomin can demonstrate access to Title -- the fourth criteria has not been met.
By definition -- a mining licence has not been issued.
The Controversy
For some considerable time -- the proposed Kwale Mineral Sands Project has been a centre point for media attention. A very common theme is the project cloaked in mystery or secrecy. Two simple observations are made.
Until the feasibility study and EIA were completed -- there was no basis to genuinely assume that the project was viable and could achieve approvals. Tiomin has always preferred to work on the basis of facts.
Some 250 plus documented meetings (detailing location, purpose and attendees) have been held over the years with resident groups and individual landowners. There are countless more with the various regulatory bodies. This is secrecy?
These examples are but a mere part of the misinformation, misconceptions and in many instances --blatantly misleading statements made by some people.
Initially, Tiomin paid little attention to the many outrageous claims and statements made in the media. Few of the project detractors have bothered to talk to company staff. Many claim to speak on behalf of the residents yet do not have land in the area proposed for mining. Few, if any, of the predictions of doom are based on any scientific basis. Tiomin staff cannot understand the repetition in erroneous commentary with little or no investigation of the facts.
The company does though, recognise this media sustained "controversy" does cause real concern for some who are not aware of the details. Therefore, the company has decided to run a series of five (5) articles presenting the factual position on these so called "controversial" issues.
Many may greet such an initiative with cynicism -- why believe the company? Of course it will put its position to the best advantage. The difference to much of the nonsense covered in the media -- is the facts can be established.
After each article --we pose some questions that any interested Kenyan should consider.
# Is it trillions, billions or millions?
(First in a Series)
The Kwale Mineral Sands Project
Introduction
This is the first of a planned series of notes to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published on the proposed Kwale Mineral Sands Project.
The Kenyan media has carried many stories in recent months with varied statements on the worth of the Kwale Mineral Sands Project and who benefits. Tiomin Kenya Limited has written many letters to the newspapers with a view to achieving some error free and objective reporting on the subject. Little of that information has been published.
The purpose of this article is to provide some factual data to offset the shear nonsense stated by many experts. To understand the project --one has to start at the ore.
What is an Ore Resource, Ore Reserve and Ore grade?
Geological definition of an area containing mineralization is called a resource. When there has been enough work done to assess the mining & extraction process, the probable costs and thus project financial returns, that mineralization that can be economically mined is termed an ore reserve.
If every part of the mineral resource can be economically mined then the resource/reserve are the same tonnage. This would be very unusual with the ore reserve normally a lower tonnage than a mineral resource with the difference --explained by the poor economic returns typically generated by very low ore grade.
Ore grade is simply a measure of the mineral content in a resource or reserve.
For example, in the Kwale project, the total resource tonnage is around 200 million tonnes of mineralised sands while the ore reserves are closer to 140 million tonnes that can be economically mined. The 5-6% ore grade denotes the content of economic minerals found in the sands.
One error made by some project critics has been to assume the full 200 million tonnes of resource is recoverable titanium, which is clearly unrealistic
The Minerals
The economically recoverable minerals from the Kenyan mineral sand deposits are:
Ilmenite A mineral which contains 49/51% TiO2 -- the balance is iron oxides
Rutile Rutile contains around 95/96% TiO2
Zircon A zirconia silicate
Ilmenite is the dominant mineral present. The media debates have always focussed on the value of titanium. Ilmenite sells for around US $ 65/tonne while rutile normally sells around US$ 450/tonne. It has always been Tiomin's stated intent to sell these minerals as the final project product.
Yet another error is to look at the value of titanium metal then assume somehow that Tiomin will really make the metal at no cost and thus make fabulous profits. To make metal, one starts with a rutile concentrate which is processed in a highly specialized toxic and energy consuming refining process. Tiomin will not produce titanium metal at Kwale.
For the last 50 years or more, minerals similar to those found at Kwale -- have been sold to producers of pure white titanium pigment. This pigment is used in paints and as a filler in plastics and paper. It is in toothpaste, many medicinal tablets and in sunscreens.
Nearly 95% of all such minerals are the feedstock to the pigment industry. A very small percentage of all titanium produced (~3%) is used to produce titanium metal. Because it takes an enormous amount of energy to produce the metal --the cost to produce the metal from titanium-bearing minerals is also quite high. Titanium metal sells for about US$8500/9000 per tonne.
World titanium metal production has declined with the end of the cold war (military aircraft has historically been a major consumer). Today the world's production is in the range 120 000 to 140 000 tonnes per annum
The proposed output of material from Kwale equates to about twice the world's titanium metal needs annually. Suppose there was a magic wand to make the metal cheaply --where would it all go? There are only so many things to make out of titanium.
The reality is far less exotic -- the majority if not all of Kwale's titanium minerals are destined to be TiO2 pigment feedstock.
Kwale Project
The real revenue that can be expected from the Kwale project is about K Sh 50 billion over the full 14 years projected operational life. This is not profit --it is gross revenues from the sale of mineral concentrates. From this must be deducted the K Sh 11 billion project establishment cost, including plants, roads, warehouses, etc, and K Sh 30 billion forecast operating costs.
This leaves just under K Sh 10 billion in cash flow for Tiomin shareholders. In financial terms --this is about a 20% rate of return. Today, an investor can earn a risk free, guaranteed 15% rate of return by investing in Kenyan Government Treasury Bills.
A Tiomin shareholder therefore, takes on all the project risks to earn barely 5% more return than investing in government bonds. Is this trillions of K Shillings? Is this fabulous wealth? Is Kenya and its people exploited if the project returns K Sh 30 billion in operating cost expended in Kenya compared to the K Sh 10 billion cash flow earned by Tiomin shareholders - Kenya will benefit with the creation of jobs, training, improved infrastructure, significant export revenues, etc, well over three times the level of return compared to that for those same investors who carry the entire financial risk?
What about the northern deposits?
Tiomin has also identified three deposits to the north of Mombasa that contain much larger mineral resource tonnages. However, these deposits are lower mineral grade than Kwale -- in fact, on an international scale, they are regarded as low to medium grade mineral resources.
Tiomin has not done sufficient work in these deposits to determine an accurate ore reserve tonnage. Without that, it is simply impossible to estimate the future economic value. Further work will be undertaken following start-up of the Kwale project.
Collectively, the four Kenyan deposits were quoted by Tiomin some years ago -- to represent 10-15% of the known world titanium resources. Since that time -- huge deposits have been found in Mozambique (Corridor and Moma deposits) and in the Murray basin in Australia. Consequently, today the Kenyan deposits represent less than 10% of known resources of titanium minerals.
Where does the figure that the Kenyan deposits represent 40% of the known resources come from? It is not from Tiomin.
Conclusion
It is the firm belief within Tiomin that every Kenyan is entitled to ask some pertinent questions the next time some nonsense is stated about the exaggerated value of the proposed project.
Why are statements made that are plainly unsustainable?
Why are those statements made without checking the facts?
What is the motivation for making such ridiculous statements?
# Environmental Impact Assessment (EIA) Process
(Second in a Series)
The Kwale Mineral Sands Project
Introduction
This section was prepared to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published by various special interest groups on the proposed Kwale Mineral Sands Project.
By the end of 1997, and following extensive geotechnical studies, Tiomin was confident that the Kwale prospect could become a viable project. It was also known that the Government of Kenya was likely to review existing laws and draft new environmental legislation -- part of which would require proponents for major projects to conduct an in depth Environmental Impact Assessment to standards prevailing in many countries.
The subsequent Environmental Impact Assessment process undertaken by Tiomin took nearly two and a half years of work at a cost of well over KSH 75 million, with the results submitted progressively in a series of printed books. Six volumes were produced during that time detailing the Terms of Reference signed off by the National Environmental Secretariat (NES) of Kenya and regional environmental review committees; followed then by the baseline data collected, analysis and results.
The performance standards set applied in the EIA completed for Tiomin on the Kwale project equates to the best industry practise and/or World Bank environmental guidelines.
The seventh volume of the EIA study contains an overall summary of the project and all projected technical and socio-economic impacts. This work was submitted to the Government in April 2000. This was reviewed by a specialist committee appointed by the Government then placed for the statutory 3-month public comment period. Information meetings were held in Nairobi, Mombasa, Shimoni, Kwale and on site. Copies of the EIA study were also available for public scrutiny. The Summary report was also translated into Kiswahili. Tiomin was then required to respond to some written 1000 public comments -- it did so in the eighth volume presented to the Government in mid-November 2000.
Selection of an Environmental Impact Assessment Manager
The most important criteria are that the EIA manager -- is independent and thoroughly understands the proposed project details and has the technical expertise to undertake such a multi-faceted study. When Tiomin commenced this process -- it examined the skill base of available Kenyan consultants, it required: -
* expertise for a major EIA process
* competency in reviewing major mineral resource projects
* specific experience in managing the review of mineral sands projects
Despite excellent skills in some areas, Kenyan agencies considered for this role were not able to demonstrate the full skill set required to manage the overall EIA process.
Consequently, Tiomin appointed the Coastal Environmental Services (CES) group based in South Africa.
Considerable debate has centred on the fact that Tiomin "paid" for this work. Therefore it could not be objective. It was somehow biased to the project proponent's views.
1. ) It is the law of Kenya that a project proponent pays for the EIA manager's service!
2. ) None of the criticism raised in this matter has ever challenged the fact that it is global practise for the financial affairs of companies to be audited by specialists paid for by the company under review.
Who is CES?
The consultancy is based in Grahamtown South Africa. CES has undertaken several major EIA reviews within the mineral sands industry in South Africa, Mozambique, plus work internationally.
The work of CES is respected for its independence and credibility. In fact, the Tiomin EIA has been reviewed independently by one major banking group and found to meet criteria set by that bank.
CES relies on its reputation for independence and integrity. It would soon be out of business if it produced outcomes biased to the proponent's viewpoint as suggested by some in Kenya.
The EIA Process
As noted, it is a fundamentally essential criteria for the EIA manager to fully understand the process proposed. To do this -- the EIA manager works both in the field to collect appropriate data and works closely together with the engineers over a prolonged period to ensure that the proposed process is comprehensively understood.
CES did this with Tiomin's engineering advisors. The outcome was in fact --an iterative process where continuous improvement was made to mitigate any negative environment impacts.
The authors of the "alternative" EIA as it has been described and widely quoted by special interest groups -- spent less than a day with Tiomin staff and never contacted the engineering company. The draft report they prepared contained well in excess of 100 factual errors. It was never reviewed publicly --an essential step to been defined as an EIA.
Sources of Data for the Tiomin EIA
It is virtually impossible for any single company or group of consultants to carry out all of the investigative work required. It is standard practise to source the maximum amount of information from the proponent company and its engineering advisors. It is though, equally important to draw on the expertise of others in specific areas.
Specialist Kenyan consultants were engaged by CES to conduct work in areas such as: -
* Marine biology
* Social impact studies
* Aquifer and groundwater management
The criticism of the Tiomin EIA unfairly and unjustly attacks the integrity of excellent Kenyan consultants who prepared sections of the overall review.
So What?
It is a fundamental issue to understand the integrity and methods used in the preparation of a major EIA to provide confidence in the even more important issue -- the findings.
It is of extreme importance, that total comprehension of the project is applied to the EIA process. If Tiomin had been compiling an EIA in some other field -- the same criteria to select the EIA manager would have been applied with the best available consultancy engaged.
# Environmental Impacts -- Can They be Managed?
(Third in a Series)
The Kwale Mineral Sands Project
Introduction
This is the third of a planned series of notes to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published on the proposed Kwale Mineral Sands Project.
In the first briefing paper in this series, Tiomin disclosed the real financial value of the Kwale mineral sands project. The wider community benefits will be the subject of a final briefing paper in this series.
All human activities have an impact on the environment. One cannot plant a garden without first removing the existing vegetation. A mining project of this size must similarly have impacts on the environment. There are three questions that then arise:
-
* What are the negative and positive factors?
* Can those impacts be mitigated to reduce outcomes to acceptable levels, be fully neutralised or indeed maximized in the case of positive factors?
* Do the overall project benefits, outweigh residual negative impacts?
This can only be addressed through a professionally conducted, independent Environmental Impact Assessment (EIA). The second of Tiomin's briefing papers addressed the manner in which the EIA for the Kwale project was conducted.
Since the release of Tiomin's EIA, there has been a continuous stream of criticism from project opponents and others titled environmental experts by the Kenyan media. It is not the intention of this briefing note to further debate the differences in opinion between interested parties, rather to examine the issue in a general manner.
There appears to be several fundamental issues that drive this debate:-
* Simple errors in the basis of comments/criticisms
* Differences in view --supposedly based on scientific fact
* The common trait for some other spokesman to condemn the project based on somebody else's opinion or that it was reported in the media, without ever bothering to check the facts or scientific basis for criticism --for themselves.
Common Errors
There have been multiple comments in the media that Tiomin has a "disastrous" environmental track record in copper mining in South America and mineral sands mining in Madagascar.
The facts are quite simple:-
1. ) Tiomin conducted a feasibility study to open a copper mine in Panama but it never proceeded due to low economic returns. Tiomin has never been engaged in copper mining!
2. ) Tiomin has never had any association with Madagascar.
3. ) In fact, Tiomin staff with over 30 years experience in this industry --have never heard of any mineral sand mining in that nation. That is not to say that there are no mineral resources there --they simply have never been mined to date.
Why then do people invent this stuff? Where does it come from? Why do others simply repeat this fantasy without bothering to check the facts? <%/FONT|NORMAL>
Specific Errors in Fact -- Some Examples
Claim: The project's marine terminal at Shimoni will require dredging and blasting, causing devastation of the reefs.
Fact: The bathymetric survey of the Shimoni terminal site found water to be 15 - 20 meters deep, more than sufficient to allow cargo vessels to manoeuvre safely. There will be no need to deepen the naturally deep and wide channel.
Claim: The mine site will cover 64 square kilometers, causing devastation to forests.
Fact: The proposed mine site will cover an area of less than 5 square kilometers opened and rehabilitated progressively over14 years.
Claim: The project will expose Kenyans to dangerous levels of radiation.
Fact: Ore from the project emits a very low level of radiation -- which is true of most local rocks. The level of radiation is so low that none of the products from the project are classified under International Conventions as radioactive. The low levels of radiation can easily and safely be managed using techniques developed during the past 50 years. In fact, residents of Nairobi have a higher exposure to radiation than will residents in the project area, due to naturally occurring uranium in local rocks in Nairobi and higher solar radiation exposure at Nairobi's altitude.
The list goes on.
It is quite clear that many statements made are from people who cannot possibly have read Tiomin's EIA -- so again, where does it come from? Why do others simply repeat highly misleading statements without bothering to check the facts? <%/FONT|NORMAL>
Scientific Credibility
In our second briefing note, Tiomin listed the criteria for an organization capable of managing the Environmental Impact Assessment study for the Kwale project. This included a proven track record in managing such a process; thorough appreciation of the process technical aspects and since mineral sands mining has many differences to the generic term "mining" --genuine knowledge of this industry. Tiomin was unable to find any group in Kenya that met these full criteria.
Nevertheless, the so-called EIA controversy has continued based on information contained in the "alternative" EIA or from others who claim the expert status. The second briefing note indicated that the "alternative" EIA should not bear that title since it never met accepted international criteria of review by scientific peers or was subjected to public review.
Repeatedly though, various sources are cited without the need to substantiate the claims.
The genuinely disturbing issue that should be addressed by the Kenyan people, is why are such emotional fantasies created and what sort of professional ethics are at play when outrageous claims that defy any scientific basis are made? <%/FONT|NORMAL>
International Benchmarks
The mineral sands industry has operated globally for over 50 years. Tiomin has drawn most of the target performance standards readily achieved by the existing industry. It is not "rocket science" to apply known and proven technology. These same standards, readily meet any international environmental, occupational health and safety criteria applied.
No doubt --detractors would attempt to argue to the contrary -- but have yet in the current debate, failed to demonstrate where this may have occurred.
The tabled material (attached), lists in very summary form, the mitigation measures to be applied in the Kwale mineral sands project. Tiomin is quite confident that these meet both Kenyan and international standards.
Conclusion
Through the public review period, a wider range of the Kenyan public and scientific community have had the opportunity for themselves to consider the criticisms raised previously. None have supported prior criticisms. The Tiomin document has also been reviewed by very professional consultants engaged by a major international bank -- the criticisms raised previously were not supported.
It is now in the hands of the Government of Kenya to determine what conditions may be placed on an Environmental licence.
It is the firm belief within Tiomin that every Kenyan is entitled to ask some pertinent questions the next time some criticism is made about the environmental impact of the Kwale project.
Why are statements made that are plainly unsustainable?
Why are those statements made without checking the facts?
What is the motivation for making such ridiculous statements?
Don't the authors of these unfounded statements understand that they create real community fears and concerns?
# Unfair Compensation to Landowners. Fact or Fiction?
(Fourth in a Series)
The Kwale Mineral Sands Project
Introduction
This is the fourth of a planned series of notes to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published on the proposed Kwale Mineral Sands Project.
In the first three briefing notes, Tiomin Kenya has addressed the criticisms raised on the value of this project and the project's environmental impacts. This note focuses on the extremely important social issue of family relocation.
Similar to the other issues, there has been a continuous stream of erroneous or misinformed commentary on this subject.
Basic Facts
There are about 450 families with property in the area proposed for mining in this project that would need to be relocated to permit the project to proceed. Within the area, there are two types of land ownership.
* Freehold titleholders -- with the land ranging from fully undeveloped through to plantations, crops and in some cases, multiple homes.
* Squatters without land title -- with similar land ranging from undeveloped through to fully developed.
Tiomin has signed agreements with most freehold title landowners --to pay a lease plus a compensation package when relocation may be triggered. As the squatter families cannot show land title, Tiomin cannot enter into a legal agreement with them. However, contrary to what is frequently claimed, Tiomin has made it clear that when some breakthrough can occur with land title for the land used by the squatters, Tiomin would agree to compensate squatters on the same basis as it applies to titled landowners.
The frequently claimed statement that squatters would be forcibly evicted with no compensation --is either a totally fabricated scenario or a total ignorance of the facts.
What is the Title Status of Land Used by Squatters?
This land forms part of the defunct Ramisi sugar plantation in the hands of receivers. Tiomin Kenya commenced the process over three years ago -- to establish a sensible mechanism to acquire title since this is a legal requirement before mining can proceed. When this is finally achieved --then Tiomin will be in a position to offer compensation packages to squatter families for relocation.
How Were the Compensation Packages Established?
Tiomin employed an independent Kenyan valuer to assess property values in the area. The basis of the valuation was land used for agricultural purposes. This established a basic land value at an average K Sh 9,000 per acre, to which one must add the relocation compensation package which includes a valuation on the house, income yielding fruit trees and crops, plus any other developments (if applicable). The range of compensation offered ranged then from around K Sh 9,000 per acre for undeveloped land to hundreds of thousands of shillings for well developed property. The overall average relocation package is about K Sh 40,000 per acre.
Several cases of disagreement with the valuer's assessment have been successfully arbitrated -- the outcomes clearly demonstrate the fairness of packages offered.
A very common criticism is that this does not recognise the value of the minerals. It cannot. The laws of Kenya are quite clear. The minerals belong to the state --not to the landowner. Therefore, the only basis that can be used in calculating compensation is the agricultural value.
What About the Annual Lease Payments?
Landowners were also offered a 21 year lease to Tiomin for which they receive K Sh 2000 per acre escalating annually by 10%. The landowner never loses title!. The landowner still holds title in the future even after these payments are made.
This year marks the fourth lease payment made by Tiomin Kenya to landowners. To date, up to K Sh 10,000 per acre has been paid to landowners by Tiomin -- this already equates to about the land value.
Allegations & Innuendos
One of the most common claims is that Tiomin officials came to homes in the middle of the night with bags full of money; or others that the people were forced to sign away their rights; and others that Tiomin staff went around collecting titles.
The simple reality is the overwhelming majority of the agreements were signed in a lawyer's office in Mombasa in daylight, of the owner's free will, after the implications had been fully detailed by a Kenyan lawyer --not by Tiomin staff.
Are Landowners Satisfied with the Packages
It is human nature to always seek a higher value. The continual claims by some that this project is worth trillions of shillings causes real concern in the community. However, the contracts were entered into on a willing buyer --willing seller basis.
In late 1999 -- Tiomin offered landowners who had signed agreements the opportunity to cancel agreements without cost and without having to reimburse payments already made by Tiomin. No landowners did so!
Community Rights
Tiomin respects community rights. It has worked closely with these families for many years. Contrary to myths that little information has been provided, there is documentary evidence of the hundreds of community, group and individual family information sessions held throughout this period.
This project clearly, cannot proceed without the fundamental approval of this community. Tiomin has given a commitment to continue to work with the community to see the project implemented.
Conclusion
It is the firm belief within Tiomin that every Kenyan is entitled to ask some pertinent questions the next time some criticism is made about the compensation agreements reached to allow this Kwale project to proceed.
Why are many statements made by people who claim to be a landowner -- but do not hold title to land in the project area?
What is the motivation for making such statements?
Why are they reported without anybody checking the facts?
TIOMIN RESOURCES INC. : http://www.tiomin.com/ : QwikReport
Articles and Comments
# An Open Letter to the Citizens of Kenya
Tiomin Resources Inc of Toronto Canada, applied for and was granted a number of Exploration Leases in Kenya in the mid-1990's. Exploration work subsequently defined a number of large but low grade mineral sands resources.
After the basic exploration phase, there was sufficient confidence in the Kwale project to commence discussions with the Government of Kenya to understand the approval process required to see investment in a successful project. There were four substantive criteria to be met before a Mining Licence could be issued.
They were:-
1. ) The operation must be undertaken by a Kenyan based company with rules set for the number of Kenyan Directors.
2. ) Completion of a full engineering feasibility study
3. ) Grant of Environmental licences after a comprehensive review
4. ) Title for the land to be mined --to be held by the Government of Kenya for the duration of the mining activity.
Tiomin Kenya Limited & Kenya Titanium Limited
Tiomin Resources formed these two Kenyan based companies as 100% subsidiaries of Tiomin Resources Inc. Our Kenyan lawyer acts as a Kenyan Director with shares held in trust by Tiomin Resources Inc. There are no other Kenyan shareholders.
Why two companies?
Tiomin believes that when this project is approved -- part of the processing plant will qualify for EPZ or Export Promotion Zone status since virtually all mineral products would be exported --returning vital foreign exchange for Kenya.
It simplifies financial arrangements to have the basic operations conducted within Tiomin Kenya Ltd and for any part of future operations, to be run by Kenya Titanium Ltd. This second company is only to be activated when all approvals are met.
This corporate structure meets the first criteria required for the issuance of a Mining Licence.
Feasibility Study -- Kwale Project
Some initial pre-feasibility work suggested that this could be a financially sound investment. It provided the confidence to proceed with further work.
The full bankable feasibility study for the Kwale project was a comprehensive evaluation that took nearly three years of technical studies. It was completed in April 2000. It considered all technical, engineering and market issues to determine whether the project was financially viable. Only from that time --could Tiomin start to express a higher level of confidence in the project.
The exploration and engineering work completed at a cost of around K Sh 600 million, meets the second criteria in the overall approval process.
Environmental Licence
It was apparent when the approval process was commenced, that new Environmental Legislation was likely to be in place before the Environmental Impact Assessment (EIA) Study was completed. Therefore, Tiomin worked together with the appropriate authorities to establish an action plan that could align to that new legislation.
The environmental work was undertaken in parallel with the engineering study since neither can stand alone. In other words, it was essential that plant and process designs could meet either Kenyan or international environmental standards -- whichever provided the better environmental outcome. It is indeed an iterative process of continuous improvement in standards.
The Environmental Impact Assessment Study (EIA) for the Kwale Project was undertaken on behalf of Tiomin by Coastal Environmental Services (CES), an internationally recognized specialist with extensive experience in mineral sands. CES made use of local Kenyan consultants for many aspects of the overall study. This extensive environmental study alone required the investment of K Sh 75 million with about 25 percent of the cost paid by Canadian International Development Agency (CIDA), a Government of Canada agency. The involvement of CIDA ensured that the study was completed to the highest international standards.
This EIA (Environmental Impact Assessment) was tabled to the Government in April 2000. In the following months -- it was reviewed by government technical specialists then submitted to the statutory 3 month public comment period. All comments /criticisms/ support, was then passed to Tiomin for a final analysis and response. This response was tabled to the Government during November 2000.
Tiomin awaits the outcome of a final Government review.
No Environmental Licence has been issued to date. Until it is -- the third criteria for the issuance of a Mining Licence has not been met.
Land Title
To meet the fourth criteria for the issuance of a Mining Licence, Tiomin has entered into agreements with many landowners in the proposed mining area. The matter is complicated by land that is part of the defunct Ramisi sugar estate. Tiomin has worked with the Government over a prolonged period to achieve resolution of this matter. Those negotiations continue. Until this is resolved -- Tiomin is precluded from negotiating fair compensation with the squatter families who live there. Tiomin has always publicly stated that squatters will be treated fairly, on a similar basis to registered landowners.
Tiomin does not have land title to the proposed mining area. Until Tiomin can demonstrate access to Title -- the fourth criteria has not been met.
By definition -- a mining licence has not been issued.
The Controversy
For some considerable time -- the proposed Kwale Mineral Sands Project has been a centre point for media attention. A very common theme is the project cloaked in mystery or secrecy. Two simple observations are made.
Until the feasibility study and EIA were completed -- there was no basis to genuinely assume that the project was viable and could achieve approvals. Tiomin has always preferred to work on the basis of facts.
Some 250 plus documented meetings (detailing location, purpose and attendees) have been held over the years with resident groups and individual landowners. There are countless more with the various regulatory bodies. This is secrecy?
These examples are but a mere part of the misinformation, misconceptions and in many instances --blatantly misleading statements made by some people.
Initially, Tiomin paid little attention to the many outrageous claims and statements made in the media. Few of the project detractors have bothered to talk to company staff. Many claim to speak on behalf of the residents yet do not have land in the area proposed for mining. Few, if any, of the predictions of doom are based on any scientific basis. Tiomin staff cannot understand the repetition in erroneous commentary with little or no investigation of the facts.
The company does though, recognise this media sustained "controversy" does cause real concern for some who are not aware of the details. Therefore, the company has decided to run a series of five (5) articles presenting the factual position on these so called "controversial" issues.
Many may greet such an initiative with cynicism -- why believe the company? Of course it will put its position to the best advantage. The difference to much of the nonsense covered in the media -- is the facts can be established.
After each article --we pose some questions that any interested Kenyan should consider.
# Is it trillions, billions or millions?
(First in a Series)
The Kwale Mineral Sands Project
Introduction
This is the first of a planned series of notes to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published on the proposed Kwale Mineral Sands Project.
The Kenyan media has carried many stories in recent months with varied statements on the worth of the Kwale Mineral Sands Project and who benefits. Tiomin Kenya Limited has written many letters to the newspapers with a view to achieving some error free and objective reporting on the subject. Little of that information has been published.
The purpose of this article is to provide some factual data to offset the shear nonsense stated by many experts. To understand the project --one has to start at the ore.
What is an Ore Resource, Ore Reserve and Ore grade?
Geological definition of an area containing mineralization is called a resource. When there has been enough work done to assess the mining & extraction process, the probable costs and thus project financial returns, that mineralization that can be economically mined is termed an ore reserve.
If every part of the mineral resource can be economically mined then the resource/reserve are the same tonnage. This would be very unusual with the ore reserve normally a lower tonnage than a mineral resource with the difference --explained by the poor economic returns typically generated by very low ore grade.
Ore grade is simply a measure of the mineral content in a resource or reserve.
For example, in the Kwale project, the total resource tonnage is around 200 million tonnes of mineralised sands while the ore reserves are closer to 140 million tonnes that can be economically mined. The 5-6% ore grade denotes the content of economic minerals found in the sands.
One error made by some project critics has been to assume the full 200 million tonnes of resource is recoverable titanium, which is clearly unrealistic
The Minerals
The economically recoverable minerals from the Kenyan mineral sand deposits are:
Ilmenite A mineral which contains 49/51% TiO2 -- the balance is iron oxides
Rutile Rutile contains around 95/96% TiO2
Zircon A zirconia silicate
Ilmenite is the dominant mineral present. The media debates have always focussed on the value of titanium. Ilmenite sells for around US $ 65/tonne while rutile normally sells around US$ 450/tonne. It has always been Tiomin's stated intent to sell these minerals as the final project product.
Yet another error is to look at the value of titanium metal then assume somehow that Tiomin will really make the metal at no cost and thus make fabulous profits. To make metal, one starts with a rutile concentrate which is processed in a highly specialized toxic and energy consuming refining process. Tiomin will not produce titanium metal at Kwale.
For the last 50 years or more, minerals similar to those found at Kwale -- have been sold to producers of pure white titanium pigment. This pigment is used in paints and as a filler in plastics and paper. It is in toothpaste, many medicinal tablets and in sunscreens.
Nearly 95% of all such minerals are the feedstock to the pigment industry. A very small percentage of all titanium produced (~3%) is used to produce titanium metal. Because it takes an enormous amount of energy to produce the metal --the cost to produce the metal from titanium-bearing minerals is also quite high. Titanium metal sells for about US$8500/9000 per tonne.
World titanium metal production has declined with the end of the cold war (military aircraft has historically been a major consumer). Today the world's production is in the range 120 000 to 140 000 tonnes per annum
The proposed output of material from Kwale equates to about twice the world's titanium metal needs annually. Suppose there was a magic wand to make the metal cheaply --where would it all go? There are only so many things to make out of titanium.
The reality is far less exotic -- the majority if not all of Kwale's titanium minerals are destined to be TiO2 pigment feedstock.
Kwale Project
The real revenue that can be expected from the Kwale project is about K Sh 50 billion over the full 14 years projected operational life. This is not profit --it is gross revenues from the sale of mineral concentrates. From this must be deducted the K Sh 11 billion project establishment cost, including plants, roads, warehouses, etc, and K Sh 30 billion forecast operating costs.
This leaves just under K Sh 10 billion in cash flow for Tiomin shareholders. In financial terms --this is about a 20% rate of return. Today, an investor can earn a risk free, guaranteed 15% rate of return by investing in Kenyan Government Treasury Bills.
A Tiomin shareholder therefore, takes on all the project risks to earn barely 5% more return than investing in government bonds. Is this trillions of K Shillings? Is this fabulous wealth? Is Kenya and its people exploited if the project returns K Sh 30 billion in operating cost expended in Kenya compared to the K Sh 10 billion cash flow earned by Tiomin shareholders - Kenya will benefit with the creation of jobs, training, improved infrastructure, significant export revenues, etc, well over three times the level of return compared to that for those same investors who carry the entire financial risk?
What about the northern deposits?
Tiomin has also identified three deposits to the north of Mombasa that contain much larger mineral resource tonnages. However, these deposits are lower mineral grade than Kwale -- in fact, on an international scale, they are regarded as low to medium grade mineral resources.
Tiomin has not done sufficient work in these deposits to determine an accurate ore reserve tonnage. Without that, it is simply impossible to estimate the future economic value. Further work will be undertaken following start-up of the Kwale project.
Collectively, the four Kenyan deposits were quoted by Tiomin some years ago -- to represent 10-15% of the known world titanium resources. Since that time -- huge deposits have been found in Mozambique (Corridor and Moma deposits) and in the Murray basin in Australia. Consequently, today the Kenyan deposits represent less than 10% of known resources of titanium minerals.
Where does the figure that the Kenyan deposits represent 40% of the known resources come from? It is not from Tiomin.
Conclusion
It is the firm belief within Tiomin that every Kenyan is entitled to ask some pertinent questions the next time some nonsense is stated about the exaggerated value of the proposed project.
Why are statements made that are plainly unsustainable?
Why are those statements made without checking the facts?
What is the motivation for making such ridiculous statements?
# Environmental Impact Assessment (EIA) Process
(Second in a Series)
The Kwale Mineral Sands Project
Introduction
This section was prepared to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published by various special interest groups on the proposed Kwale Mineral Sands Project.
By the end of 1997, and following extensive geotechnical studies, Tiomin was confident that the Kwale prospect could become a viable project. It was also known that the Government of Kenya was likely to review existing laws and draft new environmental legislation -- part of which would require proponents for major projects to conduct an in depth Environmental Impact Assessment to standards prevailing in many countries.
The subsequent Environmental Impact Assessment process undertaken by Tiomin took nearly two and a half years of work at a cost of well over KSH 75 million, with the results submitted progressively in a series of printed books. Six volumes were produced during that time detailing the Terms of Reference signed off by the National Environmental Secretariat (NES) of Kenya and regional environmental review committees; followed then by the baseline data collected, analysis and results.
The performance standards set applied in the EIA completed for Tiomin on the Kwale project equates to the best industry practise and/or World Bank environmental guidelines.
The seventh volume of the EIA study contains an overall summary of the project and all projected technical and socio-economic impacts. This work was submitted to the Government in April 2000. This was reviewed by a specialist committee appointed by the Government then placed for the statutory 3-month public comment period. Information meetings were held in Nairobi, Mombasa, Shimoni, Kwale and on site. Copies of the EIA study were also available for public scrutiny. The Summary report was also translated into Kiswahili. Tiomin was then required to respond to some written 1000 public comments -- it did so in the eighth volume presented to the Government in mid-November 2000.
Selection of an Environmental Impact Assessment Manager
The most important criteria are that the EIA manager -- is independent and thoroughly understands the proposed project details and has the technical expertise to undertake such a multi-faceted study. When Tiomin commenced this process -- it examined the skill base of available Kenyan consultants, it required: -
* expertise for a major EIA process
* competency in reviewing major mineral resource projects
* specific experience in managing the review of mineral sands projects
Despite excellent skills in some areas, Kenyan agencies considered for this role were not able to demonstrate the full skill set required to manage the overall EIA process.
Consequently, Tiomin appointed the Coastal Environmental Services (CES) group based in South Africa.
Considerable debate has centred on the fact that Tiomin "paid" for this work. Therefore it could not be objective. It was somehow biased to the project proponent's views.
1. ) It is the law of Kenya that a project proponent pays for the EIA manager's service!
2. ) None of the criticism raised in this matter has ever challenged the fact that it is global practise for the financial affairs of companies to be audited by specialists paid for by the company under review.
Who is CES?
The consultancy is based in Grahamtown South Africa. CES has undertaken several major EIA reviews within the mineral sands industry in South Africa, Mozambique, plus work internationally.
The work of CES is respected for its independence and credibility. In fact, the Tiomin EIA has been reviewed independently by one major banking group and found to meet criteria set by that bank.
CES relies on its reputation for independence and integrity. It would soon be out of business if it produced outcomes biased to the proponent's viewpoint as suggested by some in Kenya.
The EIA Process
As noted, it is a fundamentally essential criteria for the EIA manager to fully understand the process proposed. To do this -- the EIA manager works both in the field to collect appropriate data and works closely together with the engineers over a prolonged period to ensure that the proposed process is comprehensively understood.
CES did this with Tiomin's engineering advisors. The outcome was in fact --an iterative process where continuous improvement was made to mitigate any negative environment impacts.
The authors of the "alternative" EIA as it has been described and widely quoted by special interest groups -- spent less than a day with Tiomin staff and never contacted the engineering company. The draft report they prepared contained well in excess of 100 factual errors. It was never reviewed publicly --an essential step to been defined as an EIA.
Sources of Data for the Tiomin EIA
It is virtually impossible for any single company or group of consultants to carry out all of the investigative work required. It is standard practise to source the maximum amount of information from the proponent company and its engineering advisors. It is though, equally important to draw on the expertise of others in specific areas.
Specialist Kenyan consultants were engaged by CES to conduct work in areas such as: -
* Marine biology
* Social impact studies
* Aquifer and groundwater management
The criticism of the Tiomin EIA unfairly and unjustly attacks the integrity of excellent Kenyan consultants who prepared sections of the overall review.
So What?
It is a fundamental issue to understand the integrity and methods used in the preparation of a major EIA to provide confidence in the even more important issue -- the findings.
It is of extreme importance, that total comprehension of the project is applied to the EIA process. If Tiomin had been compiling an EIA in some other field -- the same criteria to select the EIA manager would have been applied with the best available consultancy engaged.
# Environmental Impacts -- Can They be Managed?
(Third in a Series)
The Kwale Mineral Sands Project
Introduction
This is the third of a planned series of notes to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published on the proposed Kwale Mineral Sands Project.
In the first briefing paper in this series, Tiomin disclosed the real financial value of the Kwale mineral sands project. The wider community benefits will be the subject of a final briefing paper in this series.
All human activities have an impact on the environment. One cannot plant a garden without first removing the existing vegetation. A mining project of this size must similarly have impacts on the environment. There are three questions that then arise:
-
* What are the negative and positive factors?
* Can those impacts be mitigated to reduce outcomes to acceptable levels, be fully neutralised or indeed maximized in the case of positive factors?
* Do the overall project benefits, outweigh residual negative impacts?
This can only be addressed through a professionally conducted, independent Environmental Impact Assessment (EIA). The second of Tiomin's briefing papers addressed the manner in which the EIA for the Kwale project was conducted.
Since the release of Tiomin's EIA, there has been a continuous stream of criticism from project opponents and others titled environmental experts by the Kenyan media. It is not the intention of this briefing note to further debate the differences in opinion between interested parties, rather to examine the issue in a general manner.
There appears to be several fundamental issues that drive this debate:-
* Simple errors in the basis of comments/criticisms
* Differences in view --supposedly based on scientific fact
* The common trait for some other spokesman to condemn the project based on somebody else's opinion or that it was reported in the media, without ever bothering to check the facts or scientific basis for criticism --for themselves.
Common Errors
There have been multiple comments in the media that Tiomin has a "disastrous" environmental track record in copper mining in South America and mineral sands mining in Madagascar.
The facts are quite simple:-
1. ) Tiomin conducted a feasibility study to open a copper mine in Panama but it never proceeded due to low economic returns. Tiomin has never been engaged in copper mining!
2. ) Tiomin has never had any association with Madagascar.
3. ) In fact, Tiomin staff with over 30 years experience in this industry --have never heard of any mineral sand mining in that nation. That is not to say that there are no mineral resources there --they simply have never been mined to date.
Why then do people invent this stuff? Where does it come from? Why do others simply repeat this fantasy without bothering to check the facts? <%/FONT|NORMAL>
Specific Errors in Fact -- Some Examples
Claim: The project's marine terminal at Shimoni will require dredging and blasting, causing devastation of the reefs.
Fact: The bathymetric survey of the Shimoni terminal site found water to be 15 - 20 meters deep, more than sufficient to allow cargo vessels to manoeuvre safely. There will be no need to deepen the naturally deep and wide channel.
Claim: The mine site will cover 64 square kilometers, causing devastation to forests.
Fact: The proposed mine site will cover an area of less than 5 square kilometers opened and rehabilitated progressively over14 years.
Claim: The project will expose Kenyans to dangerous levels of radiation.
Fact: Ore from the project emits a very low level of radiation -- which is true of most local rocks. The level of radiation is so low that none of the products from the project are classified under International Conventions as radioactive. The low levels of radiation can easily and safely be managed using techniques developed during the past 50 years. In fact, residents of Nairobi have a higher exposure to radiation than will residents in the project area, due to naturally occurring uranium in local rocks in Nairobi and higher solar radiation exposure at Nairobi's altitude.
The list goes on.
It is quite clear that many statements made are from people who cannot possibly have read Tiomin's EIA -- so again, where does it come from? Why do others simply repeat highly misleading statements without bothering to check the facts? <%/FONT|NORMAL>
Scientific Credibility
In our second briefing note, Tiomin listed the criteria for an organization capable of managing the Environmental Impact Assessment study for the Kwale project. This included a proven track record in managing such a process; thorough appreciation of the process technical aspects and since mineral sands mining has many differences to the generic term "mining" --genuine knowledge of this industry. Tiomin was unable to find any group in Kenya that met these full criteria.
Nevertheless, the so-called EIA controversy has continued based on information contained in the "alternative" EIA or from others who claim the expert status. The second briefing note indicated that the "alternative" EIA should not bear that title since it never met accepted international criteria of review by scientific peers or was subjected to public review.
Repeatedly though, various sources are cited without the need to substantiate the claims.
The genuinely disturbing issue that should be addressed by the Kenyan people, is why are such emotional fantasies created and what sort of professional ethics are at play when outrageous claims that defy any scientific basis are made? <%/FONT|NORMAL>
International Benchmarks
The mineral sands industry has operated globally for over 50 years. Tiomin has drawn most of the target performance standards readily achieved by the existing industry. It is not "rocket science" to apply known and proven technology. These same standards, readily meet any international environmental, occupational health and safety criteria applied.
No doubt --detractors would attempt to argue to the contrary -- but have yet in the current debate, failed to demonstrate where this may have occurred.
The tabled material (attached), lists in very summary form, the mitigation measures to be applied in the Kwale mineral sands project. Tiomin is quite confident that these meet both Kenyan and international standards.
Conclusion
Through the public review period, a wider range of the Kenyan public and scientific community have had the opportunity for themselves to consider the criticisms raised previously. None have supported prior criticisms. The Tiomin document has also been reviewed by very professional consultants engaged by a major international bank -- the criticisms raised previously were not supported.
It is now in the hands of the Government of Kenya to determine what conditions may be placed on an Environmental licence.
It is the firm belief within Tiomin that every Kenyan is entitled to ask some pertinent questions the next time some criticism is made about the environmental impact of the Kwale project.
Why are statements made that are plainly unsustainable?
Why are those statements made without checking the facts?
What is the motivation for making such ridiculous statements?
Don't the authors of these unfounded statements understand that they create real community fears and concerns?
# Unfair Compensation to Landowners. Fact or Fiction?
(Fourth in a Series)
The Kwale Mineral Sands Project
Introduction
This is the fourth of a planned series of notes to put factual information before the people of Kenya to offset the erroneous and uninformed material that continue to be stated and published on the proposed Kwale Mineral Sands Project.
In the first three briefing notes, Tiomin Kenya has addressed the criticisms raised on the value of this project and the project's environmental impacts. This note focuses on the extremely important social issue of family relocation.
Similar to the other issues, there has been a continuous stream of erroneous or misinformed commentary on this subject.
Basic Facts
There are about 450 families with property in the area proposed for mining in this project that would need to be relocated to permit the project to proceed. Within the area, there are two types of land ownership.
* Freehold titleholders -- with the land ranging from fully undeveloped through to plantations, crops and in some cases, multiple homes.
* Squatters without land title -- with similar land ranging from undeveloped through to fully developed.
Tiomin has signed agreements with most freehold title landowners --to pay a lease plus a compensation package when relocation may be triggered. As the squatter families cannot show land title, Tiomin cannot enter into a legal agreement with them. However, contrary to what is frequently claimed, Tiomin has made it clear that when some breakthrough can occur with land title for the land used by the squatters, Tiomin would agree to compensate squatters on the same basis as it applies to titled landowners.
The frequently claimed statement that squatters would be forcibly evicted with no compensation --is either a totally fabricated scenario or a total ignorance of the facts.
What is the Title Status of Land Used by Squatters?
This land forms part of the defunct Ramisi sugar plantation in the hands of receivers. Tiomin Kenya commenced the process over three years ago -- to establish a sensible mechanism to acquire title since this is a legal requirement before mining can proceed. When this is finally achieved --then Tiomin will be in a position to offer compensation packages to squatter families for relocation.
How Were the Compensation Packages Established?
Tiomin employed an independent Kenyan valuer to assess property values in the area. The basis of the valuation was land used for agricultural purposes. This established a basic land value at an average K Sh 9,000 per acre, to which one must add the relocation compensation package which includes a valuation on the house, income yielding fruit trees and crops, plus any other developments (if applicable). The range of compensation offered ranged then from around K Sh 9,000 per acre for undeveloped land to hundreds of thousands of shillings for well developed property. The overall average relocation package is about K Sh 40,000 per acre.
Several cases of disagreement with the valuer's assessment have been successfully arbitrated -- the outcomes clearly demonstrate the fairness of packages offered.
A very common criticism is that this does not recognise the value of the minerals. It cannot. The laws of Kenya are quite clear. The minerals belong to the state --not to the landowner. Therefore, the only basis that can be used in calculating compensation is the agricultural value.
What About the Annual Lease Payments?
Landowners were also offered a 21 year lease to Tiomin for which they receive K Sh 2000 per acre escalating annually by 10%. The landowner never loses title!. The landowner still holds title in the future even after these payments are made.
This year marks the fourth lease payment made by Tiomin Kenya to landowners. To date, up to K Sh 10,000 per acre has been paid to landowners by Tiomin -- this already equates to about the land value.
Allegations & Innuendos
One of the most common claims is that Tiomin officials came to homes in the middle of the night with bags full of money; or others that the people were forced to sign away their rights; and others that Tiomin staff went around collecting titles.
The simple reality is the overwhelming majority of the agreements were signed in a lawyer's office in Mombasa in daylight, of the owner's free will, after the implications had been fully detailed by a Kenyan lawyer --not by Tiomin staff.
Are Landowners Satisfied with the Packages
It is human nature to always seek a higher value. The continual claims by some that this project is worth trillions of shillings causes real concern in the community. However, the contracts were entered into on a willing buyer --willing seller basis.
In late 1999 -- Tiomin offered landowners who had signed agreements the opportunity to cancel agreements without cost and without having to reimburse payments already made by Tiomin. No landowners did so!
Community Rights
Tiomin respects community rights. It has worked closely with these families for many years. Contrary to myths that little information has been provided, there is documentary evidence of the hundreds of community, group and individual family information sessions held throughout this period.
This project clearly, cannot proceed without the fundamental approval of this community. Tiomin has given a commitment to continue to work with the community to see the project implemented.
Conclusion
It is the firm belief within Tiomin that every Kenyan is entitled to ask some pertinent questions the next time some criticism is made about the compensation agreements reached to allow this Kwale project to proceed.
Why are many statements made by people who claim to be a landowner -- but do not hold title to land in the project area?
What is the motivation for making such statements?
Why are they reported without anybody checking the facts?
Zur Zeit bewegt sich Tiomin seitwärts.
2,9 % minus auf 0,165 C$ - jetzt könnten weitere Neuigkeiten den Kurs nach Oben bringen.
2,9 % minus auf 0,165 C$ - jetzt könnten weitere Neuigkeiten den Kurs nach Oben bringen.
Antwort auf Beitrag Nr.: 28.981.015 von jensdab am 25.04.07 02:20:40Denke, dass es mit weiteren News noch auf sich warten lassen könnte. Es müsste endlich mal was definitives zum Kwale-Projekt geben. Wenn´s in Produktion geht, dann gibt es sowieso nur noch eine Richtung
Antwort auf Beitrag Nr.: 28.981.596 von jaffa am 25.04.07 08:15:54Jetzt ging es erstmal abwärts mit Tiomin
mit hohen Umsätzen sowohl auf der Käufer- und auch Verkäuferseite insg. 9,8 Mill. shares.
Alle Kurse bis 0,15 C$ sind sicher gute Kaufkurse, - die Chinesen haben ja 0,15 $ gezahlt. Das ist auch die überwiegende Meinung im kanad. Bullbord.
Die nächsten positiven news werden Tiomin den nächsten Schub nach oben bringen.
Vielleicht klappt es ja mal, in Berlin etwas zu bekommen.
Auf der anderen Seite ist das jedoch zu riskant, denn wenn man mal verkaufen möchte, wird das in Berlin kaum klappen, solange Tiomin in Deutschland noch unbekannt ist und es so gut wie keine Umsätze gibt.
Wenn man wirklich schnell noch nachkaufen will, dann hat man in Kanada mit einem Abstauberlimit Erfolg.
mit hohen Umsätzen sowohl auf der Käufer- und auch Verkäuferseite insg. 9,8 Mill. shares.
Alle Kurse bis 0,15 C$ sind sicher gute Kaufkurse, - die Chinesen haben ja 0,15 $ gezahlt. Das ist auch die überwiegende Meinung im kanad. Bullbord.
Die nächsten positiven news werden Tiomin den nächsten Schub nach oben bringen.
Vielleicht klappt es ja mal, in Berlin etwas zu bekommen.
Auf der anderen Seite ist das jedoch zu riskant, denn wenn man mal verkaufen möchte, wird das in Berlin kaum klappen, solange Tiomin in Deutschland noch unbekannt ist und es so gut wie keine Umsätze gibt.
Wenn man wirklich schnell noch nachkaufen will, dann hat man in Kanada mit einem Abstauberlimit Erfolg.
Interessanter Artikel über Titanmetall (autom. Übersetzung)
Globale Nachfrage nach dem Titanmetall, das schnell erweitert Nachfrage nach Titanmetall erweitert schnell in Nordamerika, in Europa und in besonders Asien. Produktion des Titanschwammes, der ungefähr 75% von Zufuhr für das Titanc$schmelzen bildet, erhöhte sich von 74kt 2003 auf 124kt 2006.
Der neue Report von den Marktanalytikern Roskill, merkt, daß Enge im Schwamm-Versorgungsmaterial, das Preise bis zu beispiellosen Niveaus 2005 und 2006 drückte, durch den Anfang von 2007 nachgelassen hatte.
Die Volkswirtschaft des Titanmetalls (4. Ausgabe, 2007) erklärt, daß das explosive Wachstum in der Chinesenachfrage nach Titanmetall die bemerkenswerteste Eigenschaft des Weltmarktes für Titanmetall seit 2003 ist.
Dieses war hauptsächlich aus Wärmeaustauschern, Rohren, Behältern und Pumpe Bestandteilen in der Energie, in der Chemikalie, in der Erdölchemikalie und in anderen Prozeßindustrien entstanden. Versand der Titanmühlprodukte in China erreichte eine Höchstrate von ungefähr 20ktpy Ende 2006, verglichen mit kleiner als 10kt 2003. Projekte, die China die Titanschwammkapazität von ungefähr 18kt 2006 auf 56kt Ende 2007 erhöhen würden und zu 126kt bis zum 2010, wurden 2006 verkündet.
Nach Titanmetall von der Luftfahrtindustrie verlangen Hauptproduzenten in den USA, im Rußland und im Japan bringen auch neuen Titanschwamm, das Schmelzen und die Mühlproduktkapazität, an steigende Nachfrage nach Qualität Material von der anspruchsvollen Luftfahrtindustrie hauptsächlich zu treffen.
Kommerzielle Luftfahrtindustrien in den USA und im Europa gewinnen stark zurück, und Luftfahrtnachfrage nach hochwertigen Titan- und Titanlegierungsmühlprodukten wächst an ungefähr 7%py.
Die Weltaktive Flotte des Passagierflugzeuges (ausschließlich des Russen errichtet) zählte 19.681 2006 zusammen, von dem 61% von Boeing erklärt wurden.
Die Flotte wird projiziert, um sich ungefähr zu 42.000 zu entwickeln bis zum 2025. Anlieferung des Airbusses A380 soll 2007 beginnen, das Boeing B787 2008 und das des A350 2012, das viel höhere Anteile des Titans als gegenwärtiges Flugzeug verwendet. Preistendenzen für Titanmetall Punktpreise für Titanschwamm, der historisch Stall an gewöhnlich zwischen $5 und $7/kg gewesen war, global erhöht durch einen Faktor von vier zur Hälfte erste von 2005, mit steigender Nachfrage, und die begrenzte Versorgungsmaterial-Kapazität. Im dritten Trimester von 2006, veranschlug das USGS einen hohen Durchschnittswert für US Importe des Schwammes von $28.24/kg.
Der Markt begann, 2006 und früh 2007 innen spät zu schwächen, als Versorgungsmaterialien von China und wurde anderwohin reichlicher. Im Januar 2007 wurde chinesischer Schwamm des Grades 99.6%Ti an ungefähr $15/kg veranschlagen, verglichen mit einer Höhe von $29/kg im Juli 2006.
Nachfrage nach ferrotitanium und Mühlprodukten Weltausgang von ferrotitanium ist- vom Auftrag von 80ktpy (äquivalent 70%Ti) und wird hauptsächlich in Rußland, von VSMPO Avisma und Klyuchevsky, in Großbritannien von London u. vom Skandinavier produziert. 2006 wurde es frei, daß chinesische Produktion von ferrotitanium sich erheblich erhöhte, wie Exporte zu über10,000t stiegen. Der globale Markt für Titan in den Mühlprodukten 2005 war- über 83kt und vermutlich überstiegenes 90kt 2006.
Ein weiteres 45kt wurde in Form von ferrotitanium verbraucht. Titanmühlproduktmärkte basieren hauptsächlich in den USA (29%), das EU (24%), China (15%) und Japan (12%) und werden in Aerospace (38%) geteilt, industriell (49%) und Verbraucher und andere Anwendungen (13%). Nachfrage nach Mühlprodukten wird prognostiziert, um durch 6.8%py bis zu 2011, mit dem Ergebnis eines Marktes für 124kt der Mühlprodukte zu wachsen, die bis zu 230kt des Schwammes erfordern. Industrielle Märkte außerhalb des EUS und des Amerikas wachsen an ungefähr 10%py.
Verringern von Produktion Kosten des Titanmetalls In einer Bemühung, die Kosten des Titans im wesentlichen zu verringern, gibt es mehr als 20 Forschung Programme global in die direkte und ununterbrochene Produktion des Titanmetalls von seinem Erz- oder Titandioxid. Der Hauptfokus der Kostenaufstellung wird angestrebt, Titan für nicht-Luftfahrtanwendungen produzierend.
Die Kostentreiber für Luftfahrt-grad Titan sind unwahrscheinlich, über den folgenden fünf Jahren radikal zu ändern, obgleich aller Major, der Firmen produziert, investieren, wenn er ihre gegenwärtige Technologie verbessert, um verhältnismäßig kleine zusätzliche Kostensparungen zur Verfügung zu stellen. Wenn ein Auftrag der Größe Verringerung der Kosten eine Wirklichkeit wird, ist Durchgriff des Automobilmarktes vermutlich der größte Preis
Globale Nachfrage nach dem Titanmetall, das schnell erweitert Nachfrage nach Titanmetall erweitert schnell in Nordamerika, in Europa und in besonders Asien. Produktion des Titanschwammes, der ungefähr 75% von Zufuhr für das Titanc$schmelzen bildet, erhöhte sich von 74kt 2003 auf 124kt 2006.
Der neue Report von den Marktanalytikern Roskill, merkt, daß Enge im Schwamm-Versorgungsmaterial, das Preise bis zu beispiellosen Niveaus 2005 und 2006 drückte, durch den Anfang von 2007 nachgelassen hatte.
Die Volkswirtschaft des Titanmetalls (4. Ausgabe, 2007) erklärt, daß das explosive Wachstum in der Chinesenachfrage nach Titanmetall die bemerkenswerteste Eigenschaft des Weltmarktes für Titanmetall seit 2003 ist.
Dieses war hauptsächlich aus Wärmeaustauschern, Rohren, Behältern und Pumpe Bestandteilen in der Energie, in der Chemikalie, in der Erdölchemikalie und in anderen Prozeßindustrien entstanden. Versand der Titanmühlprodukte in China erreichte eine Höchstrate von ungefähr 20ktpy Ende 2006, verglichen mit kleiner als 10kt 2003. Projekte, die China die Titanschwammkapazität von ungefähr 18kt 2006 auf 56kt Ende 2007 erhöhen würden und zu 126kt bis zum 2010, wurden 2006 verkündet.
Nach Titanmetall von der Luftfahrtindustrie verlangen Hauptproduzenten in den USA, im Rußland und im Japan bringen auch neuen Titanschwamm, das Schmelzen und die Mühlproduktkapazität, an steigende Nachfrage nach Qualität Material von der anspruchsvollen Luftfahrtindustrie hauptsächlich zu treffen.
Kommerzielle Luftfahrtindustrien in den USA und im Europa gewinnen stark zurück, und Luftfahrtnachfrage nach hochwertigen Titan- und Titanlegierungsmühlprodukten wächst an ungefähr 7%py.
Die Weltaktive Flotte des Passagierflugzeuges (ausschließlich des Russen errichtet) zählte 19.681 2006 zusammen, von dem 61% von Boeing erklärt wurden.
Die Flotte wird projiziert, um sich ungefähr zu 42.000 zu entwickeln bis zum 2025. Anlieferung des Airbusses A380 soll 2007 beginnen, das Boeing B787 2008 und das des A350 2012, das viel höhere Anteile des Titans als gegenwärtiges Flugzeug verwendet. Preistendenzen für Titanmetall Punktpreise für Titanschwamm, der historisch Stall an gewöhnlich zwischen $5 und $7/kg gewesen war, global erhöht durch einen Faktor von vier zur Hälfte erste von 2005, mit steigender Nachfrage, und die begrenzte Versorgungsmaterial-Kapazität. Im dritten Trimester von 2006, veranschlug das USGS einen hohen Durchschnittswert für US Importe des Schwammes von $28.24/kg.
Der Markt begann, 2006 und früh 2007 innen spät zu schwächen, als Versorgungsmaterialien von China und wurde anderwohin reichlicher. Im Januar 2007 wurde chinesischer Schwamm des Grades 99.6%Ti an ungefähr $15/kg veranschlagen, verglichen mit einer Höhe von $29/kg im Juli 2006.
Nachfrage nach ferrotitanium und Mühlprodukten Weltausgang von ferrotitanium ist- vom Auftrag von 80ktpy (äquivalent 70%Ti) und wird hauptsächlich in Rußland, von VSMPO Avisma und Klyuchevsky, in Großbritannien von London u. vom Skandinavier produziert. 2006 wurde es frei, daß chinesische Produktion von ferrotitanium sich erheblich erhöhte, wie Exporte zu über10,000t stiegen. Der globale Markt für Titan in den Mühlprodukten 2005 war- über 83kt und vermutlich überstiegenes 90kt 2006.
Ein weiteres 45kt wurde in Form von ferrotitanium verbraucht. Titanmühlproduktmärkte basieren hauptsächlich in den USA (29%), das EU (24%), China (15%) und Japan (12%) und werden in Aerospace (38%) geteilt, industriell (49%) und Verbraucher und andere Anwendungen (13%). Nachfrage nach Mühlprodukten wird prognostiziert, um durch 6.8%py bis zu 2011, mit dem Ergebnis eines Marktes für 124kt der Mühlprodukte zu wachsen, die bis zu 230kt des Schwammes erfordern. Industrielle Märkte außerhalb des EUS und des Amerikas wachsen an ungefähr 10%py.
Verringern von Produktion Kosten des Titanmetalls In einer Bemühung, die Kosten des Titans im wesentlichen zu verringern, gibt es mehr als 20 Forschung Programme global in die direkte und ununterbrochene Produktion des Titanmetalls von seinem Erz- oder Titandioxid. Der Hauptfokus der Kostenaufstellung wird angestrebt, Titan für nicht-Luftfahrtanwendungen produzierend.
Die Kostentreiber für Luftfahrt-grad Titan sind unwahrscheinlich, über den folgenden fünf Jahren radikal zu ändern, obgleich aller Major, der Firmen produziert, investieren, wenn er ihre gegenwärtige Technologie verbessert, um verhältnismäßig kleine zusätzliche Kostensparungen zur Verfügung zu stellen. Wenn ein Auftrag der Größe Verringerung der Kosten eine Wirklichkeit wird, ist Durchgriff des Automobilmarktes vermutlich der größte Preis
Hier der Artikel im Original:
Global demand for titanium metal expanding rapidly
Demand for titanium metal is expanding rapidly in North America, Europe and particularly Asia. Production of titanium sponge, which makes up about 75% of feed for titanium melting, increased from 74kt in 2003 to 124kt in 2006. The new report from market analysts Roskill, notes that tightness in sponge supply, which pushed prices up to unprecedented levels in 2005 and 2006, had eased by the start of 2007.
The Economics of Titanium Metal (4th Edition, 2007) explains that the explosive growth in Chinese demand for titanium metal is the most notable feature of the world market for titanium metal since 2003. This has arisen mainly from heat exchangers, pipes, tanks and pump components in the power, chemical, petrochemical and other process industries. Shipments of titanium mill products in China reached a peak rate of about 20ktpy by the end of 2006, compared with less than 10kt in 2003. Projects that would increase Chinas titanium sponge capacity from about 18kt in 2006 to 56kt by the end of 2007, and to 126kt by 2010, were announced in 2006.
Demand for titanium metal from the aerospace industry
Major producers in the USA, Russia and Japan are also installing new titanium sponge, melting and mill product capacity, principally to meet growing demand for high quality material from the exacting aerospace industry.
Commercial aerospace industries in the USA and Europe are recovering strongly, and aerospace demand for high grade titanium and titanium alloy mill products is growing at about 7%py. The world active fleet of passenger aircraft (excluding Russian built) totalled 19,681 in 2006, 61% of which were accounted for by Boeing. The fleet is projected to grow to about 42,000 by 2025. Delivery of the Airbus A380 is to start in 2007, the Boeing B787 in 2008 and that of the A350 in 2012, all of which will use much higher proportions of titanium than current aircraft.
Prices trends for titanium metal
Spot prices for titanium sponge, which had been historically stable at typically between $5 and $7/kg, increased by a factor of four in the first half of 2005, with rising demand globally, and limited supply capacity. In the third quarter of 2006, the USGS was quoting a high average value for US imports of sponge of $28.24/kg. The market started to weaken in late 2006 and early 2007, as supplies from China and elsewhere became more plentiful. In January 2007, Chinese 99.6%Ti grade sponge was being quoted at about $15/kg, compared with a high of $29/kg in July 2006.
Demand for ferrotitanium and mill products
World output of ferrotitanium is of the order of 80ktpy (70%Ti equivalent) and is produced principally in Russia, by VSMPO Avisma and Klyuchevsky, in the UK by London & Scandinavian. In 2006, it became clear that Chinese production of ferrotitanium was increasing significantly as exports rose to over 10,000t.
The global market for titanium in mill products in 2005 was about 83kt, and probably exceeded 90kt in 2006. A further 45kt was consumed in the form of ferrotitanium. Titanium mill product markets are mainly based in the USA (29%), the EU (24%), China (15%) and Japan (12%), and are divided into aerospace (38%), industrial (49%) and consumer and other applications (13%).
Demand for mill products is forecast to grow by 6.8%py up to 2011, resulting in a market for 124kt of mill products requiring up to 230kt of sponge. Industrial markets outside the EU and America will grow at about 10%py.
Reducing production costs of titanium metal
In an effort to substantially reduce the cost of titanium, there are more than 20 research programmes globally into the direct and continuous production of titanium metal from its ore or titanium dioxide.
The main focus of cost reduction is aimed at producing titanium for non-aerospace applications. The cost drivers for aerospace-grade titanium are unlikely to change radically over the next five years although all the major producing companies are investing in improving their current technology to provide relatively small incremental cost savings. Should an order of magnitude reduction in cost become a reality, penetration of the automotive market is probably the greatest prize
Global demand for titanium metal expanding rapidly
Demand for titanium metal is expanding rapidly in North America, Europe and particularly Asia. Production of titanium sponge, which makes up about 75% of feed for titanium melting, increased from 74kt in 2003 to 124kt in 2006. The new report from market analysts Roskill, notes that tightness in sponge supply, which pushed prices up to unprecedented levels in 2005 and 2006, had eased by the start of 2007.
The Economics of Titanium Metal (4th Edition, 2007) explains that the explosive growth in Chinese demand for titanium metal is the most notable feature of the world market for titanium metal since 2003. This has arisen mainly from heat exchangers, pipes, tanks and pump components in the power, chemical, petrochemical and other process industries. Shipments of titanium mill products in China reached a peak rate of about 20ktpy by the end of 2006, compared with less than 10kt in 2003. Projects that would increase Chinas titanium sponge capacity from about 18kt in 2006 to 56kt by the end of 2007, and to 126kt by 2010, were announced in 2006.
Demand for titanium metal from the aerospace industry
Major producers in the USA, Russia and Japan are also installing new titanium sponge, melting and mill product capacity, principally to meet growing demand for high quality material from the exacting aerospace industry.
Commercial aerospace industries in the USA and Europe are recovering strongly, and aerospace demand for high grade titanium and titanium alloy mill products is growing at about 7%py. The world active fleet of passenger aircraft (excluding Russian built) totalled 19,681 in 2006, 61% of which were accounted for by Boeing. The fleet is projected to grow to about 42,000 by 2025. Delivery of the Airbus A380 is to start in 2007, the Boeing B787 in 2008 and that of the A350 in 2012, all of which will use much higher proportions of titanium than current aircraft.
Prices trends for titanium metal
Spot prices for titanium sponge, which had been historically stable at typically between $5 and $7/kg, increased by a factor of four in the first half of 2005, with rising demand globally, and limited supply capacity. In the third quarter of 2006, the USGS was quoting a high average value for US imports of sponge of $28.24/kg. The market started to weaken in late 2006 and early 2007, as supplies from China and elsewhere became more plentiful. In January 2007, Chinese 99.6%Ti grade sponge was being quoted at about $15/kg, compared with a high of $29/kg in July 2006.
Demand for ferrotitanium and mill products
World output of ferrotitanium is of the order of 80ktpy (70%Ti equivalent) and is produced principally in Russia, by VSMPO Avisma and Klyuchevsky, in the UK by London & Scandinavian. In 2006, it became clear that Chinese production of ferrotitanium was increasing significantly as exports rose to over 10,000t.
The global market for titanium in mill products in 2005 was about 83kt, and probably exceeded 90kt in 2006. A further 45kt was consumed in the form of ferrotitanium. Titanium mill product markets are mainly based in the USA (29%), the EU (24%), China (15%) and Japan (12%), and are divided into aerospace (38%), industrial (49%) and consumer and other applications (13%).
Demand for mill products is forecast to grow by 6.8%py up to 2011, resulting in a market for 124kt of mill products requiring up to 230kt of sponge. Industrial markets outside the EU and America will grow at about 10%py.
Reducing production costs of titanium metal
In an effort to substantially reduce the cost of titanium, there are more than 20 research programmes globally into the direct and continuous production of titanium metal from its ore or titanium dioxide.
The main focus of cost reduction is aimed at producing titanium for non-aerospace applications. The cost drivers for aerospace-grade titanium are unlikely to change radically over the next five years although all the major producing companies are investing in improving their current technology to provide relatively small incremental cost savings. Should an order of magnitude reduction in cost become a reality, penetration of the automotive market is probably the greatest prize
News Release - Wednesday, May 02, 2007
Tiomin and Jinchuan Group Ltd. Conclude Subscription Agreement
=======================================================================
Toronto, Ontario. May 2nd, 2007. Tiomin Resources Inc. (\"Tiomin\" or the
\"Company\") (TSX: TIO) and Jinchuan Group Ltd. (\"Jinchuan\") of China
have entered into a definitive subscription agreement for the private
placement previously announced on April 2nd, 2007. The $10.9 million
financing of 72,521,134 common shares of the Company at Cdn.$0.15 per
share financing remains subject to regulatory and Tiomin shareholder
approval.
Mr. Jean-Charles Potvin, Chairman and Chief Executive Officer of
Tiomin, commented \"Jinchuan and Tiomin are making good progress to
advance the relationship between Tiomin and Jinchuan and we remain
firmly in favour of this transaction.\"
For further information, please contact Tiomin at (416) 350-3779 Jean
Charles Potvin, CEO, ext. 227 or Robert Jackson, President, ext. 230.
Visit the Company\'s website at www.tiomin.com.
Certain of the information contained in this news release constitute
\"forward-looking statements\" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
rutile, zircon, ilmenite, estimated future production, estimated costs
of future production and the Company\'s sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of rutile, zircon
and ilmenite, the actual results of current exploration, development
and mining activities, changes in project parameters as plans continue
to be evaluated, as well as those factors disclosed in the Company\'s
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Wed May 2, 2007 at 8:09:37 AM Pacific Time
=======================================================================
autom. Übersetzung:
Nachrichten Freigabe - Mittwoch, den 2. Mai 2007 Tiomin und Jinchuan Gruppe Ltd. folgern Subskription Vereinbarung ======================================================================= Toronto, Ontario. 2. Mai 2007.
Tiomin Resources Inc. („Tiomin“ oder die „Firma“) (TSX: TIO) und Jinchuan Gruppe Ltd. („Jinchuan“) von China haben einen endgültigen Subskription Vertrag für die Privatplazierung schlossen, die vorher am 2. April 2007 verkündet wird.
Die Finanzierung $10.9 Million von 72.521.134 allgemeinen Anteilen der Firma an Cdn.$0.15 pro Anteilfinanzierung bleibt abhängig von regelnder und Tiomin Aktionärzustimmung.
Herr Jean-Charles Potvin, Vorsitzender und Generaldirektor von Tiomin, kommentierte „Jinchuan und Tiomin lassen guten Fortschritt das Verhältnis zwischen Tiomin vorrücken und Jinchuan und wir bleiben fest zugunsten dieser Verhandlung.“
Für weitere Informationen mit Tiomin an (416) 350-3779 Jean Charles Potvin, CEO, äußeres 227 oder Robert Jackson, Präsident, äußeres 230 bitte in Verbindung treten. Die Web site der Firma bei www.tiomin.com besichtigen. Sicher der Informationen, die in dieser Nachrichten Freigabe enthalten werden, „das Vorwärts-Schauen von Aussagen“ innerhalb der Bedeutung vom privaten festsetzen Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995.
Solche Vorwärts-schauende Aussagen, nicht auf jene Respekt zu den Preisen des Rutils, zircon, Ilmenit einschließend aber begrenzt, schätzten zukünftige Produktion, geschätzte Kosten der zukünftigen Produktion und die Absatzpolitik der Firma, beziehen die bekannten und unbekannten Gefahren, die Ungewißheiten und andere Faktoren mit ein, die die tatsächlichen Resultate, die Leistung oder die Ausführungen der Firma veranlassen können, zu irgendwelchen materiell unterschiedlich zu sein prognostizierte Resultate, Leistung oder Ausführungen ausgedrückt oder durch solche Vorwärts-schauende Aussagen angedeutet. Solche Faktoren schließen, unter anderen, die Effektivpreise des Rutils, zircon und Ilmenit, die tatsächlichen Resultate der gegenwärtigen Erforschung-, Entwicklungs- und Bergbautätigkeiten, änderungen in den Projektparametern, während Pläne fortfahren ausgewertet zu werden, sowie jene Faktoren mit ein, die in den Dokumenten der Firma freigegeben werden, die gelegentlich mit den Ontario Aktien geeinordnet werden Kommission. ======================================================================= copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) alle Rechte vorbehalten. Für mehr Informationen Besuch senden unsere Web site bei http://www.tiomin.com/ oder mailto:news@tiomin.com Anzeige gesendet auf Wed 2. Mai 2007 bei 8:09: 37 morgens Pazifik Zeit =======================================================================
Die Nachticht scheint den Kurs gut zu tun. 15,4 % Plus auf 0,15 Can. $ . Recht ordentllicher Handel und 3 mal mehr Kaüfer als Verkäufer.
Kurs sollte sich bei 0,15 einpendeln, denn das zahlen die Chinesen pro Aktie.
Tiomin and Jinchuan Group Ltd. Conclude Subscription Agreement
=======================================================================
Toronto, Ontario. May 2nd, 2007. Tiomin Resources Inc. (\"Tiomin\" or the
\"Company\") (TSX: TIO) and Jinchuan Group Ltd. (\"Jinchuan\") of China
have entered into a definitive subscription agreement for the private
placement previously announced on April 2nd, 2007. The $10.9 million
financing of 72,521,134 common shares of the Company at Cdn.$0.15 per
share financing remains subject to regulatory and Tiomin shareholder
approval.
Mr. Jean-Charles Potvin, Chairman and Chief Executive Officer of
Tiomin, commented \"Jinchuan and Tiomin are making good progress to
advance the relationship between Tiomin and Jinchuan and we remain
firmly in favour of this transaction.\"
For further information, please contact Tiomin at (416) 350-3779 Jean
Charles Potvin, CEO, ext. 227 or Robert Jackson, President, ext. 230.
Visit the Company\'s website at www.tiomin.com.
Certain of the information contained in this news release constitute
\"forward-looking statements\" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
rutile, zircon, ilmenite, estimated future production, estimated costs
of future production and the Company\'s sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of rutile, zircon
and ilmenite, the actual results of current exploration, development
and mining activities, changes in project parameters as plans continue
to be evaluated, as well as those factors disclosed in the Company\'s
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Wed May 2, 2007 at 8:09:37 AM Pacific Time
=======================================================================
autom. Übersetzung:
Nachrichten Freigabe - Mittwoch, den 2. Mai 2007 Tiomin und Jinchuan Gruppe Ltd. folgern Subskription Vereinbarung ======================================================================= Toronto, Ontario. 2. Mai 2007.
Tiomin Resources Inc. („Tiomin“ oder die „Firma“) (TSX: TIO) und Jinchuan Gruppe Ltd. („Jinchuan“) von China haben einen endgültigen Subskription Vertrag für die Privatplazierung schlossen, die vorher am 2. April 2007 verkündet wird.
Die Finanzierung $10.9 Million von 72.521.134 allgemeinen Anteilen der Firma an Cdn.$0.15 pro Anteilfinanzierung bleibt abhängig von regelnder und Tiomin Aktionärzustimmung.
Herr Jean-Charles Potvin, Vorsitzender und Generaldirektor von Tiomin, kommentierte „Jinchuan und Tiomin lassen guten Fortschritt das Verhältnis zwischen Tiomin vorrücken und Jinchuan und wir bleiben fest zugunsten dieser Verhandlung.“
Für weitere Informationen mit Tiomin an (416) 350-3779 Jean Charles Potvin, CEO, äußeres 227 oder Robert Jackson, Präsident, äußeres 230 bitte in Verbindung treten. Die Web site der Firma bei www.tiomin.com besichtigen. Sicher der Informationen, die in dieser Nachrichten Freigabe enthalten werden, „das Vorwärts-Schauen von Aussagen“ innerhalb der Bedeutung vom privaten festsetzen Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995.
Solche Vorwärts-schauende Aussagen, nicht auf jene Respekt zu den Preisen des Rutils, zircon, Ilmenit einschließend aber begrenzt, schätzten zukünftige Produktion, geschätzte Kosten der zukünftigen Produktion und die Absatzpolitik der Firma, beziehen die bekannten und unbekannten Gefahren, die Ungewißheiten und andere Faktoren mit ein, die die tatsächlichen Resultate, die Leistung oder die Ausführungen der Firma veranlassen können, zu irgendwelchen materiell unterschiedlich zu sein prognostizierte Resultate, Leistung oder Ausführungen ausgedrückt oder durch solche Vorwärts-schauende Aussagen angedeutet. Solche Faktoren schließen, unter anderen, die Effektivpreise des Rutils, zircon und Ilmenit, die tatsächlichen Resultate der gegenwärtigen Erforschung-, Entwicklungs- und Bergbautätigkeiten, änderungen in den Projektparametern, während Pläne fortfahren ausgewertet zu werden, sowie jene Faktoren mit ein, die in den Dokumenten der Firma freigegeben werden, die gelegentlich mit den Ontario Aktien geeinordnet werden Kommission. ======================================================================= copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) alle Rechte vorbehalten. Für mehr Informationen Besuch senden unsere Web site bei http://www.tiomin.com/ oder mailto:news@tiomin.com Anzeige gesendet auf Wed 2. Mai 2007 bei 8:09: 37 morgens Pazifik Zeit =======================================================================
Die Nachticht scheint den Kurs gut zu tun. 15,4 % Plus auf 0,15 Can. $ . Recht ordentllicher Handel und 3 mal mehr Kaüfer als Verkäufer.Kurs sollte sich bei 0,15 einpendeln, denn das zahlen die Chinesen pro Aktie.
Hier ist ein Beitrag aus dem Bullboard von Tiomin.
Die bisherigen Hindernisse scheinen wohl aus dem Weg geräumt worden zu sein.
Wenn die Einigung mit dem chinesischen Partner beschlossen wird, kann sich der Kurs wieder nach oben bewegen.
Solange ist wieder Geduld nötig oder man nutzt dieses Niveau oder bei einem Rücksetzer zu einem Einstieg.
I have news from Kenya. After talking to family and friends living in the Nairobi region, I can confirm that all the farmers have been moved off Tiomin land. I can also confirm that there was no violence or force required to move the remaining farmers.
I can also confirm that pre-construction work has already begun. I get this from an uncle who is in the construction business in Nairobi and he is aware of contracts being given to local crews as we speak.
I guess Tiomin is not waiting for formal board approval this summer before laying some of the inital ground work started.
I see absolutely nothing from that end (Kenya) that is going to hinder or stop construction of this site.
So it seems that the stock price will continue to move between .13 and .15 until formal word is posted or until the formal board meeting giving formal approval for Chinese partnership. I am thinking the price will jump on that news and continue to do well after that.
I'll try and keep everyone more up-to-date on the happenings in Kenya.
autom. Übersetung:
Ich habe Nachrichten von Kenia. Nach der Unterhaltung mit der Familie und Freunden, die in der Nairobi Region leben, kann ich bestätigen, daß alle Landwirte weg vom Tiomin Land verschoben worden sind.
Ich kann auch bestätigen, daß es keine Gewalttätigkeit oder Kraft gab, die erfordert wurden, um die restlichen Landwirte zu verschieben.
Ich kann auch bestätigen, daß Pre-constructionarbeit bereits angefangen hat.
Ich erhalte dieses von einem Onkel, der im Aufbaugeschäft in Nairobi ist und er die Verträge berücksichtigt, die den lokalen Mannschaften gegeben werden, da wir sprechen.
Ich schätze, daß Tiomin nicht formale Bretzustimmung wartet diesen Sommer, bevor dem Legen etwas von der inital Grundarbeit, begann. Ich sehe absolut nichts von diesem Ende (Kenia) das Aufbau dieses Aufstellungsortes hindern oder stoppen wird.
So scheint es, daß der Aktienpreis fortfährt, zwischen .13 und .15 zu bewegen, bis formales Wort oder bis die formale Vorstandssitzung bekanntgegeben ist, die formale Zustimmung für chinesische Teilhaberschaft gibt.
Ich denke, daß der Preis auf die Nachrichten springt und fortfährt, das gut nachher zu tun. Ich versuche und halte jeder aktueller auf den Happenings in Kenia.
Die bisherigen Hindernisse scheinen wohl aus dem Weg geräumt worden zu sein.
Wenn die Einigung mit dem chinesischen Partner beschlossen wird, kann sich der Kurs wieder nach oben bewegen.
Solange ist wieder Geduld nötig oder man nutzt dieses Niveau oder bei einem Rücksetzer zu einem Einstieg.
I have news from Kenya. After talking to family and friends living in the Nairobi region, I can confirm that all the farmers have been moved off Tiomin land. I can also confirm that there was no violence or force required to move the remaining farmers.
I can also confirm that pre-construction work has already begun. I get this from an uncle who is in the construction business in Nairobi and he is aware of contracts being given to local crews as we speak.
I guess Tiomin is not waiting for formal board approval this summer before laying some of the inital ground work started.
I see absolutely nothing from that end (Kenya) that is going to hinder or stop construction of this site.
So it seems that the stock price will continue to move between .13 and .15 until formal word is posted or until the formal board meeting giving formal approval for Chinese partnership. I am thinking the price will jump on that news and continue to do well after that.
I'll try and keep everyone more up-to-date on the happenings in Kenya.
autom. Übersetung:
Ich habe Nachrichten von Kenia. Nach der Unterhaltung mit der Familie und Freunden, die in der Nairobi Region leben, kann ich bestätigen, daß alle Landwirte weg vom Tiomin Land verschoben worden sind.
Ich kann auch bestätigen, daß es keine Gewalttätigkeit oder Kraft gab, die erfordert wurden, um die restlichen Landwirte zu verschieben.
Ich kann auch bestätigen, daß Pre-constructionarbeit bereits angefangen hat.
Ich erhalte dieses von einem Onkel, der im Aufbaugeschäft in Nairobi ist und er die Verträge berücksichtigt, die den lokalen Mannschaften gegeben werden, da wir sprechen.
Ich schätze, daß Tiomin nicht formale Bretzustimmung wartet diesen Sommer, bevor dem Legen etwas von der inital Grundarbeit, begann. Ich sehe absolut nichts von diesem Ende (Kenia) das Aufbau dieses Aufstellungsortes hindern oder stoppen wird.
So scheint es, daß der Aktienpreis fortfährt, zwischen .13 und .15 zu bewegen, bis formales Wort oder bis die formale Vorstandssitzung bekanntgegeben ist, die formale Zustimmung für chinesische Teilhaberschaft gibt.
Ich denke, daß der Preis auf die Nachrichten springt und fortfährt, das gut nachher zu tun. Ich versuche und halte jeder aktueller auf den Happenings in Kenia.
Wieder news über Bohrergebnisse in Peru:
Re: News Release - Wednesday, May 09, 2007
Title: Tiomin Reports Final Drill Results from 2006-07 Program at Pukaqaqa Copper-Gold Project in Peru
--------------------------------------------------------------------------------
View News Release in PDF Format
Toronto, Canada. May 9, 2007. Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX: TIO) is pleased to report the drill results for the last 30 holes of a 16,218 meter drilling program at its Pukaqaqa copper-gold project ('the Project') located in central Peru. Tiomin is earning a 49% interest in the Project from Compañia Minera Milpo S.A. ("Milpo"), a well established Peruvian mining company. The results are consistent with prior data and increase the overall level of confidence in the Project's potential.
Milpo, the operator of the Project, recently completed the drilling program that started in August 2006. The company has received complete assay results for the final 30 holes totaling 8,015 meters. The drilling program was carried out systematically, starting from the north end of the Northern Blanket towards the Southern Blanket.
Highlights of the program include:
Hole No. From
(m) To
(m) Length
(m) Cu
(%) Au
(g/t) Zone
PND-06-155 0.6 107.3 106.7 0.59 - Northern Blanket
PND-06-158 542.2 588.6 46.4 0.81 0.22 Gaby Brec./Nort. Blanket
PND-06-164 133.8 194.6 60.8 0.62 -
Southern Blanket
PND-06-165 169.0
351.0 182.0 0.67 -
Gaby Brec./Nort. Blanket
PND-06-166 50.9 164.6 113.7 0.60 -
Northern Blanket
PND-06-167 613.7 660.7 47.0 2.41 0.53 Gaby Brec./Nort. Blanket
PND-06-168 110.3 152.4 42.1 0.91 - Gaby Brec./Nort. Blanket
PND-06-169 136.3 190.1 53.8 1.64 0.07 Northern Blanket
PND-06-170 16.0 155.1 139.1 0.51 - Southern Blanket
PND-06-171 123.1 220.2 97.1 0.52 0.11 Gaby Brec./Nort. Blanket
PND-06-173 90.4 200.4 110.0 0.73 0.02 Northern Blanket
PND-06-175 605.7 673.2 67.5 0.68 0.12 Northern Blanket
PND-06-177 2.6 178.2 175.6 0.60 - Southern Blanket
PND-06-180 41.5 100.7 59.2 0.62 - Monica Breccia
PND-06-183 29.5 130.0 100.5 0.54 - Northern Blanket
PND-06-184 3.4 131.0 127.6 0.49 - Northern Blanket
The Northern and Southern Blanket zones, which host the majority of the resources, are essentially flat-lying mineralized skarn deposits that are flanked to the east by the steeply dipping Gaby Breccia and Monica Breccia zones and to the west by the Raurac Breccia zone.
The Northern Blanket is now wider than initially interpreted towards the southwest but has decreased in width towards the northwest. The width of the Southern Blanket has increased to the northwest and decreased to the southwest. The Gaby Breccia has now been defined over a vertical distance of 300 meters with true widths ranging from 4 to 20 meters. A relatively higher grade mineralized zone joins the Northern and Southern Blanket zones, extending for 200 meters with a width ranging from 50 to 100 meters to a depth of 170 meters.
The results from the infill drilling program indicate that the higher-grade Gaby Breccia has substantial variability in grade, volume and shape, which will require a tighter spacing to upgrade the resource to the measured and indicated categories. The Northern and Southern Blankets show more continuity in shape and grade, but present irregularity towards their boundaries.
The Pukaqaqa deposit contains a measured and indicated resource of 17.1 million tonnes grading 0.54% copper and 0.071 g/t gold (204 million pounds of copper and 39,000 ounces of gold) and an inferred resource of 114.6 million tonnes grading 0.60% copper and 0.096 g/t gold (1.5 billion pounds of copper and 354,000 ounces of gold), using a 0.30% copper cut-off grade. The objective of the current drilling program is to convert a large portion of the inferred resource to the indicated resources and start a pre-feasibility study for the development of the Project. This study would contemplate the development of an open pit mine together with a flotation plant, followed by a potential underground operation to capitalize on the higher grade zones at depth. Tiomin released the results of a preliminary economic assessment study on February 6, 2007.
You can access a drill hole location map (http://www.tiomin.com/i/pdf/2007-05-09_NRM.pdf)" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-05-09_NRM.pdf) and an assay result table (http://www.tiomin.com/i/pdf/2007-05-09_NRT.pdf)" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-05-09_NRT.pdf) for all holes from the 2006-07 drilling program on the Company's website by clicking on the address in parenthesis.
Quality Assurance/Quality Control and Qualified Person
Milpo has implemented a Quality Control program to ensure the accuracy in the collection and analysis of samples. Drill core (mainly HQ size) is sampled at two meters interval on average and split in half using a diamond saw. One half of the core is archived at the core storage facility on site while the other half is crushed, pulverized, split and a 250 gram portion is assayed at Actlabs Skyline Peru SAC (subsidiary of Activation Laboratories Ltd.). Actlabs have an ISO 9001:2000 certification in exploration and mineral preparation; gold determination by fire assay method, atomic absorption and gravimetry; and atomic absorption determination of Ag, Cu, Zn, As, Ni, Bi, Fe, Mn, and Mo. Accuracy of results is tested through the systematic inclusion of standards, field blanks and duplicate samples. The standards are prepared by SGS Peru, categorized into low, medium and high grade.
The Pukaqaqa exploration program is being managed by Mr. Jorge Hinostroza, Exploration Manager for Compañia Minera Milpo S.A.A. Mr. Robbert Borst, Vice president - Project Development for Tiomin, a Qualified Person within the meaning of National Instrument 43-101, has verified and approved the data disclosed in this release.
For further information, please contact Tiomin at (416) 350-3779 Jean-Charles Potvin, CEO, ext. 227 or Robert Jackson, President, ext. 230. Visit the Company's website at www.tiomin.com.
Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Table 1. Summary Drill Results for the Pukaqaqa Project
Hole No. Azimut Dip Depth Zone From To Length Au (g/t) Ag
(g/t) Cu (%) Zn (%) Cut Off %
PND-06-155 230.0 -50 107.3 Northern Blanket 0.6 107.3 106.7 - 4.13 0.59 0.02 0.30
Inc. 1.9 45.9 44.0 - 5.27 0.85 0.03 0.50
PND-06-156 230.0 -58 203.8 82.8 112.3 29.5 0.16 5.15 0.78 0.01 0.50
Gaby Breccia Inc. 82.8 92.3 9.5 0.08 4.32 0.66 0.01 0.50
Northern Blanket Inc. 92.3 112.3 20.0 0.19 5.55 0.84 0.01 0.50
PND-06-157 0.0 -90 103.0 No Significant Intercepts
PND-06-158 252.2 -42 701.2 542.2 588.55 46.35 0.22 6.00 0.81 0.03 0.30
Gaby Breccia Inc. 542.2 556.75 14.55 0.13 5.91 0.41 0.02 0.30
Northern Blanket Inc. 556.75 588.55 31.8 0.26 6.05 0.99 0.03 0.30
Inc. 578.05 584.85 6.8 0.41 5.13 1.41 0.03 0.50
PND-06-159 0.0 -90 232.2 Monica Breccia 40.2 71.9 31.7 0.07 11.90 0.40 0.48 0.30
Southern Blanket 80.7 192.1 111.4 0.05 34.42 0.35 0.04 0.30
PND-06-160 230.0 -45 107.5 Gaby Breccia 12.0 46.0 34.0 - 4.05 0.54 0.06 0.30
84.0 107.5 23.5 - 2.62 0.34 0.02 0.30
PND-06-161 219.3 -49.5 298.1 vein in MBL 147.2 156.0 8.8 0.24 27.85 2.12 1.01 1.00
Gaby Breccia 160.0 166.4 6.4 0.16 27.59 0.75 1.07 0.50
Northern Blanket 211.1 266.3 55.2 0.10 4.88 0.53 0.10 0.30
Inc. 213.1 244.3 31.2 0.13 5.81 0.75 0.14 0.50
PND-07-162 51.47 -45 102.6 Northern Blanket 35.3 50.2 14.9 - 5.17 0.54 0.04 0.30
PND-07-163 230.4 -71 222.6 Northern Blanket 73.0 201.0 128.0 - 3.72 0.38 0.03 0.30
PND-07-164 231.7 -45 232.0 Monica Breccia 123.0 127.8 4.8 - 7.05 1.21 1.24 1.00
Southern Blanket 133.8 194.6 60.8 - 4.55 0.62 0.04 0.30
Inc. 133.8 157.4 23.6 - 4.61 0.36 0.05 0.30
Inc. 157.4 189.4 32.0 - 4.73 0.87 0.04 0.50
PND-07-165 236.2 -54 351.0 vein in MBL 131.0 137.0 6.0 - 10.47 0.63 0.18 0.30
169.0 351.0 182.0 - 6.81 0.67 0.17 0.30
Gaby Breccia Inc. 169.0 257.0 88.0 - 7.88 0.54 0.17 0.30
Inc. 185.0 193.0 8.0 - 9.68 1.13 0.22 1.00
Northern Blanket Inc. 257.0 351.0 94.0 - 5.80 0.79 0.17 0.30
Inc. 307.0 345.0 38.0 - 5.85 1.19 0.23 1.00
PND-07-166 229.0 -52.5 273.6 Northern Blanket 50.9 164.6 113.7 - 4.97 0.60 0.46 0.30
Inc. 62.9 98.8 35.9 - 6.32 1.01 1.10 1.00
226.6 253.6 27.0 - 7.10 0.37 0.06 0.30
PND-07-167 250.8 -51 704.2 613.65 660.65 47.0 0.53 11.56 2.41 0.29 0.30
Gaby Breccia Inc. 613.65 622.0 8.35 0.13 7.15 0.65 0.16 0.30
Inc. 622.0 645.6 23.6 0.98 17.50 4.29 0.43 1.00
Northern Blanket 645.6 660.65 15.05 0.07 4.69 0.44 0.16 0.30
PND-07-168 231.1 -43 230.1 110.3 152.4 42.1 - 6.14 0.91 0.13 0.30
Gaby Breccia Inc. 110.3 119.3 9.0 - 6.16 0.81 0.23 0.50
Northern Blanket Inc. 119.3 152.4 33.1 - 6.13 0.93 0.11 0.30
188.4 230.1 41.7 - 3.29 0.51 0.02 0.30
Inc. 194.4 204.4 10.0 - 4.16 0.87 0.01 0.50
PND-07-169 220.5 -65 201.0 vein in MBL 106.9 112.9 6.0 - 9.04 0.86 0.74 0.50
Northern Blanket 136.3 190.1 53.8 0.07 7.07 1.64 0.08 0.30
PND-07-170 53.1 -53 155.1 Southern Blanket 16.0 155.1 139.1 - 1.54 0.51 0.03 0.30
Inc. 16.0 50.0 34.0 - 2.19 0.86 0.01 0.50
Inc. 70.0 92.0 22.0 - 2.39 0.74 0.06 0.30
PND-07-171 213.2 -59 240.0 123.1 220.2 97.1 0.11 4.21 0.52 0.04 0.30
Gaby Breccia Inc. 123.1 133.1 10.0 0.16 6.07 0.57 0.14 0.30
Northern Blanket Inc. 133.1 220.2 87.1 0.10 3.99 0.51 0.03 0.30
Inc. 133.1 148.5 15.4 0.20 12.35 1.33 0.03 0.50
PND-07-172 232.2 -66 226.0 Southern Blanket 115.6 125.6 10.0 - 4.83 0.60 0.04 0.30
185.6 199.6 14.0 - 9.28 2.25 0.10 0.50
PND-07-173 211.9 -55 202.6 Northern Blanket 90.4 200.4 110.0 0.02 3.81 0.73 0.02 0.30
Inc. 90.4 159.8 69.4 - 4.58 0.91 0.03 0.50
Inc. 104.4 122.4 18.0 - 5.99 1.66 0.03 1.00
Inc. 159.8 200.4 40.6 0.06 2.50 0.43 0.01 0.30
PND-07-174 290.9 -63 150.0 Southern Blanket 5.9 148.1 142.2 - 3.68 0.35 0.08 0.30
Inc. 5.9 21.0 15.1 - 5.95 0.64 0.26 0.50
PND-07-175 253.0 -47 690.8 Northern Blanket 605.65 673.2 67.55 0.12 5.09 0.68 0.17 0.30
PND-07-176 287.6 -73.5 185.7 Southern Blanket 8.2 10.2 2.0 - 4.55 0.42 0.40 0.30
42.2 48.2 6.0 - 3.76 0.53 0.71 0.30
92.2 96.2 4.0 - 5.37 0.47 0.18 0.30
116.1 185.7 69.6 - 4.07 0.38 0.19 0.30
PND-07-177 228.3 -53 192.0 Southern Blanket 2.6 178.2 175.6 - 4.08 0.60 0.13 0.30
Inc. 8.6 28.6 20.0 - 6.16 0.84 0.36 0.50
Inc. 42.7 74.6 31.9 - 3.79 0.69 0.10 0.50
Inc. 120.4 166.2 45.8 - 3.66 0.76 0.11 0.50
PND-07-178 70.9 -70 227.2 Southern Blanket 156.4 186.4 30.0 - 2.87 0.33 0.05 0.30
PND-07-179 279.0 -80 148.5 Southern Blanket 3.3 22.3 19.0 - 6.53 0.64 0.36 0.30
46.3 64.7 18.4 - 3.70 0.34 0.12 0.30
86.7 98.7 12.0 - 3.95 0.34 0.24 0.30
126.7 146.7 20.0 - 3.43 0.40 0.04 0.30
PND-07-180 251.0 -60 200.2 Monica Breccia 41.5 100.7 59.2 - 5.98 0.62 0.16 0.30
Southern Blanket 136.5 188.9 52.4 0.05 5.13 0.31 0.02 0.30
PND-07-181 0.0 -90 115.5 No Significant Intercepts
PND-06-182 250.3 -59 950.4 Gaby Breccia 876.35 882.35 6.0 0.05 3.96 0.42 0.15 0.30
Northern Blanket 888.0 890.0 2.0 0.19 4.42 1.25 0.07 0.30
PND-06-183 154.3 -74 130.0 Northern Blanket 29.5 130.0 100.5 - 3.24 0.54 0.02 0.30
Inc. 43.5 93.5 50.0 - 2.73 0.63 0.02 0.50
PND-06-184 64.8 -56 131.0 Northern Blanket 3.4 131.0 127.6 - 4.55 0.49 0.03 0.30
Inc. 83.7 131.0 47.3 - 4.67 0.72 0.03 0.50
Note: True width for the Northern Blanket is estimated to average 82% of the drilled length (ranging from 28% to 100%). True width for the Southern Blanket is estimated to average 87% of the drilled length (ranging from 58% to 98%). True width for the Gaby Breccia is estimated to average 77% of the drilled length (ranging from 29% to 100%).
--------------------------------------------------------------------------------
Copyright © 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Wed May 9, 2007 at 6:37:36 AM Pacific Time
Re: News Release - Wednesday, May 09, 2007
Title: Tiomin Reports Final Drill Results from 2006-07 Program at Pukaqaqa Copper-Gold Project in Peru
--------------------------------------------------------------------------------
View News Release in PDF Format
Toronto, Canada. May 9, 2007. Tiomin Resources Inc. ("Tiomin" or the "Company") (TSX: TIO) is pleased to report the drill results for the last 30 holes of a 16,218 meter drilling program at its Pukaqaqa copper-gold project ('the Project') located in central Peru. Tiomin is earning a 49% interest in the Project from Compañia Minera Milpo S.A. ("Milpo"), a well established Peruvian mining company. The results are consistent with prior data and increase the overall level of confidence in the Project's potential.
Milpo, the operator of the Project, recently completed the drilling program that started in August 2006. The company has received complete assay results for the final 30 holes totaling 8,015 meters. The drilling program was carried out systematically, starting from the north end of the Northern Blanket towards the Southern Blanket.
Highlights of the program include:
Hole No. From
(m) To
(m) Length
(m) Cu
(%) Au
(g/t) Zone
PND-06-155 0.6 107.3 106.7 0.59 - Northern Blanket
PND-06-158 542.2 588.6 46.4 0.81 0.22 Gaby Brec./Nort. Blanket
PND-06-164 133.8 194.6 60.8 0.62 -
Southern Blanket
PND-06-165 169.0
351.0 182.0 0.67 -
Gaby Brec./Nort. Blanket
PND-06-166 50.9 164.6 113.7 0.60 -
Northern Blanket
PND-06-167 613.7 660.7 47.0 2.41 0.53 Gaby Brec./Nort. Blanket
PND-06-168 110.3 152.4 42.1 0.91 - Gaby Brec./Nort. Blanket
PND-06-169 136.3 190.1 53.8 1.64 0.07 Northern Blanket
PND-06-170 16.0 155.1 139.1 0.51 - Southern Blanket
PND-06-171 123.1 220.2 97.1 0.52 0.11 Gaby Brec./Nort. Blanket
PND-06-173 90.4 200.4 110.0 0.73 0.02 Northern Blanket
PND-06-175 605.7 673.2 67.5 0.68 0.12 Northern Blanket
PND-06-177 2.6 178.2 175.6 0.60 - Southern Blanket
PND-06-180 41.5 100.7 59.2 0.62 - Monica Breccia
PND-06-183 29.5 130.0 100.5 0.54 - Northern Blanket
PND-06-184 3.4 131.0 127.6 0.49 - Northern Blanket
The Northern and Southern Blanket zones, which host the majority of the resources, are essentially flat-lying mineralized skarn deposits that are flanked to the east by the steeply dipping Gaby Breccia and Monica Breccia zones and to the west by the Raurac Breccia zone.
The Northern Blanket is now wider than initially interpreted towards the southwest but has decreased in width towards the northwest. The width of the Southern Blanket has increased to the northwest and decreased to the southwest. The Gaby Breccia has now been defined over a vertical distance of 300 meters with true widths ranging from 4 to 20 meters. A relatively higher grade mineralized zone joins the Northern and Southern Blanket zones, extending for 200 meters with a width ranging from 50 to 100 meters to a depth of 170 meters.
The results from the infill drilling program indicate that the higher-grade Gaby Breccia has substantial variability in grade, volume and shape, which will require a tighter spacing to upgrade the resource to the measured and indicated categories. The Northern and Southern Blankets show more continuity in shape and grade, but present irregularity towards their boundaries.
The Pukaqaqa deposit contains a measured and indicated resource of 17.1 million tonnes grading 0.54% copper and 0.071 g/t gold (204 million pounds of copper and 39,000 ounces of gold) and an inferred resource of 114.6 million tonnes grading 0.60% copper and 0.096 g/t gold (1.5 billion pounds of copper and 354,000 ounces of gold), using a 0.30% copper cut-off grade. The objective of the current drilling program is to convert a large portion of the inferred resource to the indicated resources and start a pre-feasibility study for the development of the Project. This study would contemplate the development of an open pit mine together with a flotation plant, followed by a potential underground operation to capitalize on the higher grade zones at depth. Tiomin released the results of a preliminary economic assessment study on February 6, 2007.
You can access a drill hole location map (http://www.tiomin.com/i/pdf/2007-05-09_NRM.pdf)" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-05-09_NRM.pdf) and an assay result table (http://www.tiomin.com/i/pdf/2007-05-09_NRT.pdf)" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-05-09_NRT.pdf) for all holes from the 2006-07 drilling program on the Company's website by clicking on the address in parenthesis.
Quality Assurance/Quality Control and Qualified Person
Milpo has implemented a Quality Control program to ensure the accuracy in the collection and analysis of samples. Drill core (mainly HQ size) is sampled at two meters interval on average and split in half using a diamond saw. One half of the core is archived at the core storage facility on site while the other half is crushed, pulverized, split and a 250 gram portion is assayed at Actlabs Skyline Peru SAC (subsidiary of Activation Laboratories Ltd.). Actlabs have an ISO 9001:2000 certification in exploration and mineral preparation; gold determination by fire assay method, atomic absorption and gravimetry; and atomic absorption determination of Ag, Cu, Zn, As, Ni, Bi, Fe, Mn, and Mo. Accuracy of results is tested through the systematic inclusion of standards, field blanks and duplicate samples. The standards are prepared by SGS Peru, categorized into low, medium and high grade.
The Pukaqaqa exploration program is being managed by Mr. Jorge Hinostroza, Exploration Manager for Compañia Minera Milpo S.A.A. Mr. Robbert Borst, Vice president - Project Development for Tiomin, a Qualified Person within the meaning of National Instrument 43-101, has verified and approved the data disclosed in this release.
For further information, please contact Tiomin at (416) 350-3779 Jean-Charles Potvin, CEO, ext. 227 or Robert Jackson, President, ext. 230. Visit the Company's website at www.tiomin.com.
Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Table 1. Summary Drill Results for the Pukaqaqa Project
Hole No. Azimut Dip Depth Zone From To Length Au (g/t) Ag
(g/t) Cu (%) Zn (%) Cut Off %
PND-06-155 230.0 -50 107.3 Northern Blanket 0.6 107.3 106.7 - 4.13 0.59 0.02 0.30
Inc. 1.9 45.9 44.0 - 5.27 0.85 0.03 0.50
PND-06-156 230.0 -58 203.8 82.8 112.3 29.5 0.16 5.15 0.78 0.01 0.50
Gaby Breccia Inc. 82.8 92.3 9.5 0.08 4.32 0.66 0.01 0.50
Northern Blanket Inc. 92.3 112.3 20.0 0.19 5.55 0.84 0.01 0.50
PND-06-157 0.0 -90 103.0 No Significant Intercepts
PND-06-158 252.2 -42 701.2 542.2 588.55 46.35 0.22 6.00 0.81 0.03 0.30
Gaby Breccia Inc. 542.2 556.75 14.55 0.13 5.91 0.41 0.02 0.30
Northern Blanket Inc. 556.75 588.55 31.8 0.26 6.05 0.99 0.03 0.30
Inc. 578.05 584.85 6.8 0.41 5.13 1.41 0.03 0.50
PND-06-159 0.0 -90 232.2 Monica Breccia 40.2 71.9 31.7 0.07 11.90 0.40 0.48 0.30
Southern Blanket 80.7 192.1 111.4 0.05 34.42 0.35 0.04 0.30
PND-06-160 230.0 -45 107.5 Gaby Breccia 12.0 46.0 34.0 - 4.05 0.54 0.06 0.30
84.0 107.5 23.5 - 2.62 0.34 0.02 0.30
PND-06-161 219.3 -49.5 298.1 vein in MBL 147.2 156.0 8.8 0.24 27.85 2.12 1.01 1.00
Gaby Breccia 160.0 166.4 6.4 0.16 27.59 0.75 1.07 0.50
Northern Blanket 211.1 266.3 55.2 0.10 4.88 0.53 0.10 0.30
Inc. 213.1 244.3 31.2 0.13 5.81 0.75 0.14 0.50
PND-07-162 51.47 -45 102.6 Northern Blanket 35.3 50.2 14.9 - 5.17 0.54 0.04 0.30
PND-07-163 230.4 -71 222.6 Northern Blanket 73.0 201.0 128.0 - 3.72 0.38 0.03 0.30
PND-07-164 231.7 -45 232.0 Monica Breccia 123.0 127.8 4.8 - 7.05 1.21 1.24 1.00
Southern Blanket 133.8 194.6 60.8 - 4.55 0.62 0.04 0.30
Inc. 133.8 157.4 23.6 - 4.61 0.36 0.05 0.30
Inc. 157.4 189.4 32.0 - 4.73 0.87 0.04 0.50
PND-07-165 236.2 -54 351.0 vein in MBL 131.0 137.0 6.0 - 10.47 0.63 0.18 0.30
169.0 351.0 182.0 - 6.81 0.67 0.17 0.30
Gaby Breccia Inc. 169.0 257.0 88.0 - 7.88 0.54 0.17 0.30
Inc. 185.0 193.0 8.0 - 9.68 1.13 0.22 1.00
Northern Blanket Inc. 257.0 351.0 94.0 - 5.80 0.79 0.17 0.30
Inc. 307.0 345.0 38.0 - 5.85 1.19 0.23 1.00
PND-07-166 229.0 -52.5 273.6 Northern Blanket 50.9 164.6 113.7 - 4.97 0.60 0.46 0.30
Inc. 62.9 98.8 35.9 - 6.32 1.01 1.10 1.00
226.6 253.6 27.0 - 7.10 0.37 0.06 0.30
PND-07-167 250.8 -51 704.2 613.65 660.65 47.0 0.53 11.56 2.41 0.29 0.30
Gaby Breccia Inc. 613.65 622.0 8.35 0.13 7.15 0.65 0.16 0.30
Inc. 622.0 645.6 23.6 0.98 17.50 4.29 0.43 1.00
Northern Blanket 645.6 660.65 15.05 0.07 4.69 0.44 0.16 0.30
PND-07-168 231.1 -43 230.1 110.3 152.4 42.1 - 6.14 0.91 0.13 0.30
Gaby Breccia Inc. 110.3 119.3 9.0 - 6.16 0.81 0.23 0.50
Northern Blanket Inc. 119.3 152.4 33.1 - 6.13 0.93 0.11 0.30
188.4 230.1 41.7 - 3.29 0.51 0.02 0.30
Inc. 194.4 204.4 10.0 - 4.16 0.87 0.01 0.50
PND-07-169 220.5 -65 201.0 vein in MBL 106.9 112.9 6.0 - 9.04 0.86 0.74 0.50
Northern Blanket 136.3 190.1 53.8 0.07 7.07 1.64 0.08 0.30
PND-07-170 53.1 -53 155.1 Southern Blanket 16.0 155.1 139.1 - 1.54 0.51 0.03 0.30
Inc. 16.0 50.0 34.0 - 2.19 0.86 0.01 0.50
Inc. 70.0 92.0 22.0 - 2.39 0.74 0.06 0.30
PND-07-171 213.2 -59 240.0 123.1 220.2 97.1 0.11 4.21 0.52 0.04 0.30
Gaby Breccia Inc. 123.1 133.1 10.0 0.16 6.07 0.57 0.14 0.30
Northern Blanket Inc. 133.1 220.2 87.1 0.10 3.99 0.51 0.03 0.30
Inc. 133.1 148.5 15.4 0.20 12.35 1.33 0.03 0.50
PND-07-172 232.2 -66 226.0 Southern Blanket 115.6 125.6 10.0 - 4.83 0.60 0.04 0.30
185.6 199.6 14.0 - 9.28 2.25 0.10 0.50
PND-07-173 211.9 -55 202.6 Northern Blanket 90.4 200.4 110.0 0.02 3.81 0.73 0.02 0.30
Inc. 90.4 159.8 69.4 - 4.58 0.91 0.03 0.50
Inc. 104.4 122.4 18.0 - 5.99 1.66 0.03 1.00
Inc. 159.8 200.4 40.6 0.06 2.50 0.43 0.01 0.30
PND-07-174 290.9 -63 150.0 Southern Blanket 5.9 148.1 142.2 - 3.68 0.35 0.08 0.30
Inc. 5.9 21.0 15.1 - 5.95 0.64 0.26 0.50
PND-07-175 253.0 -47 690.8 Northern Blanket 605.65 673.2 67.55 0.12 5.09 0.68 0.17 0.30
PND-07-176 287.6 -73.5 185.7 Southern Blanket 8.2 10.2 2.0 - 4.55 0.42 0.40 0.30
42.2 48.2 6.0 - 3.76 0.53 0.71 0.30
92.2 96.2 4.0 - 5.37 0.47 0.18 0.30
116.1 185.7 69.6 - 4.07 0.38 0.19 0.30
PND-07-177 228.3 -53 192.0 Southern Blanket 2.6 178.2 175.6 - 4.08 0.60 0.13 0.30
Inc. 8.6 28.6 20.0 - 6.16 0.84 0.36 0.50
Inc. 42.7 74.6 31.9 - 3.79 0.69 0.10 0.50
Inc. 120.4 166.2 45.8 - 3.66 0.76 0.11 0.50
PND-07-178 70.9 -70 227.2 Southern Blanket 156.4 186.4 30.0 - 2.87 0.33 0.05 0.30
PND-07-179 279.0 -80 148.5 Southern Blanket 3.3 22.3 19.0 - 6.53 0.64 0.36 0.30
46.3 64.7 18.4 - 3.70 0.34 0.12 0.30
86.7 98.7 12.0 - 3.95 0.34 0.24 0.30
126.7 146.7 20.0 - 3.43 0.40 0.04 0.30
PND-07-180 251.0 -60 200.2 Monica Breccia 41.5 100.7 59.2 - 5.98 0.62 0.16 0.30
Southern Blanket 136.5 188.9 52.4 0.05 5.13 0.31 0.02 0.30
PND-07-181 0.0 -90 115.5 No Significant Intercepts
PND-06-182 250.3 -59 950.4 Gaby Breccia 876.35 882.35 6.0 0.05 3.96 0.42 0.15 0.30
Northern Blanket 888.0 890.0 2.0 0.19 4.42 1.25 0.07 0.30
PND-06-183 154.3 -74 130.0 Northern Blanket 29.5 130.0 100.5 - 3.24 0.54 0.02 0.30
Inc. 43.5 93.5 50.0 - 2.73 0.63 0.02 0.50
PND-06-184 64.8 -56 131.0 Northern Blanket 3.4 131.0 127.6 - 4.55 0.49 0.03 0.30
Inc. 83.7 131.0 47.3 - 4.67 0.72 0.03 0.50
Note: True width for the Northern Blanket is estimated to average 82% of the drilled length (ranging from 28% to 100%). True width for the Southern Blanket is estimated to average 87% of the drilled length (ranging from 58% to 98%). True width for the Gaby Breccia is estimated to average 77% of the drilled length (ranging from 29% to 100%).
--------------------------------------------------------------------------------
Copyright © 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Wed May 9, 2007 at 6:37:36 AM Pacific Time
Antwort auf Beitrag Nr.: 29.239.680 von jensdab am 09.05.07 20:42:48Hab´s auch schon vernommen. Nicht schlecht
Focus sollte meines Erachtens aber auf Kwale liegen. Vielleicht wollen Sie ablenken und irgendwann die Kwale-Bombe platzen lassen Naja, eher Wunschdenken. Frage mich dennoch, warum in D keine Papierchen gehandelt werden. Stell Dir mal vor, hier springen die ersten auf
Focus sollte meines Erachtens aber auf Kwale liegen. Vielleicht wollen Sie ablenken und irgendwann die Kwale-Bombe platzen lassen
Naja, eher Wunschdenken. Frage mich dennoch, warum in D keine Papierchen gehandelt werden. Stell Dir mal vor, hier springen die ersten auf
Antwort auf Beitrag Nr.: 29.240.010 von jaffa am 09.05.07 21:03:55Die Stimmung in Kanada ist recht optimistisch mit der momentanen Situation von Tiomin. Die meisten sind zuversichtlich, das es bald wieder aufwärts geht, sobald die entsprechenden Nachrichten kommen.
Das sind gute Nachkaufmöglichkeiten z.Zt. allerdings direkt in Kanada, da es 0 Umsätze in Berlin gibt.
Ich werde bei dem nächsten Rücksetzter bei 0,10 - 0.12 C$ wohl noch mal nachlegen.
Hier ein Kommentar aus dem Bullboard:
Ich möchte gerade zum Nehmen diese Gelegenheit, allen Zweiflern dort und allen denen heraus zu danken, die weg von ihren Anteilen im Augenblick entleeren.
Ich bin in der Lage gewesen, zu kaufen ein vollständiges Bündel an, was ich betrachte, eine reale übereinkunft zu sein. Von was ich geschehe aus den Grund in Kenia weiß und von der Forschung ich getan habe, kann dieser Vorrat in eine Richtung nur bewegen… und das ist oben.
Ich hoffe die Anteilpreistropfen bis .10 oder .11, damit ich oben auf ein Bündel mehr auf Lager kann. Ich bin überzeugt, daß ein Preis von .30 bis .40 pro Anteil innerhalb eines 6 Monat Fensters sehr erreichbar ist und ich auf einer Rückkehr von ungefähr 2 bis 3mal meine intial Investition plane.
So zu denen, die entlang meinen Linien… denken, lassen Sie uns die Fahrt… und zu denen genießen, die denken, daß dieses ein schlechtes Abkommen… ist, danken dir für die Anteile, die du mir erlaubst, zu solch einem großem Preis zu kaufen.
RHM
I think that news saying the financing is completed will create upward movement of the stock price. I think it is a very positive piece of news that will lessen some of the doubt and stock prices to rise because of it.
I think the added news that construction has "formally" started will add yet another boost because from there...people will want in before production starts flowing from the site.
So yes, I do believe that these two announcements will have a positive effect on stock price....not a huge one, but I believe that the two will move the price up by at least double.
Let's face it...at that point, even the bashers will have little to bash and they'll be wanting to get in before production starts.
RHM
Wenn man sich den Jahres Chart von Tiomin anschaut, dann kann man ahnen, wohin die Reise geht, wenn Kwale zum Erfolg gebracht wir.
Geduld wird letzten Endes belohnt werden.
Das sind gute Nachkaufmöglichkeiten z.Zt. allerdings direkt in Kanada, da es 0 Umsätze in Berlin gibt.
Ich werde bei dem nächsten Rücksetzter bei 0,10 - 0.12 C$ wohl noch mal nachlegen.
Hier ein Kommentar aus dem Bullboard:
Ich möchte gerade zum Nehmen diese Gelegenheit, allen Zweiflern dort und allen denen heraus zu danken, die weg von ihren Anteilen im Augenblick entleeren.
Ich bin in der Lage gewesen, zu kaufen ein vollständiges Bündel an, was ich betrachte, eine reale übereinkunft zu sein. Von was ich geschehe aus den Grund in Kenia weiß und von der Forschung ich getan habe, kann dieser Vorrat in eine Richtung nur bewegen… und das ist oben.
Ich hoffe die Anteilpreistropfen bis .10 oder .11, damit ich oben auf ein Bündel mehr auf Lager kann. Ich bin überzeugt, daß ein Preis von .30 bis .40 pro Anteil innerhalb eines 6 Monat Fensters sehr erreichbar ist und ich auf einer Rückkehr von ungefähr 2 bis 3mal meine intial Investition plane.
So zu denen, die entlang meinen Linien… denken, lassen Sie uns die Fahrt… und zu denen genießen, die denken, daß dieses ein schlechtes Abkommen… ist, danken dir für die Anteile, die du mir erlaubst, zu solch einem großem Preis zu kaufen.
RHM
I think that news saying the financing is completed will create upward movement of the stock price. I think it is a very positive piece of news that will lessen some of the doubt and stock prices to rise because of it.
I think the added news that construction has "formally" started will add yet another boost because from there...people will want in before production starts flowing from the site.
So yes, I do believe that these two announcements will have a positive effect on stock price....not a huge one, but I believe that the two will move the price up by at least double.
Let's face it...at that point, even the bashers will have little to bash and they'll be wanting to get in before production starts.
RHM
Wenn man sich den Jahres Chart von Tiomin anschaut, dann kann man ahnen, wohin die Reise geht, wenn Kwale zum Erfolg gebracht wir.
Geduld wird letzten Endes belohnt werden.
Interessanter Artikel über chinesische Aktivitäten in Afrika und Kenya (autom. Übersetzung)
China steht Afrikas neuem ökonomischem Retter
Geschrieben durch Jim Onyango China erweitert schnell seinen Einfluß in Afrika über schwere Investitionen in Kontinent-und Kenia ist nicht ausgelassen worden, aber die Jury ist noch heraus auf, was diese für das Land bedeutet.
Am Anfang April, trug China ruhig Kenias flügge werdenen gewinnensektor ein. Vor eine chinesische Regierung gesteuerte Metallproduktionsgesellschaft, Jinchuan Gruppe begrenzt - der dominierende Produzent des Nickels und anderer niedriger und kostbarer Metalle, kaufte eine 20-Prozent-Stange in den Tiomin Betriebsmitteln von Kanada eine Firma, die 10 Jahren Grube zu den Titanablagerungen von der Kenyan Küste genehmigt wurde.
Das chinesische Abkommen wird ausdrücklich das Jungfrau Kwale Mineral entwickelnd Sand-geschätzt, um ungefähr 3.2 Milliarde Tonnen des Titans 14 Prozent der Titanbetriebsmittel der Welt zu halten angestrebt.
Es gibt ein wachsendes Argument, das, da globale Nachfrage nach Energie fortfährt zu steigen, vorhergehende Spieler wie Vereinigte Staaten, europäischer Anschluß (EU) und Japan jetzt China als gleiches Mitglied gegenüberstellen muß. China hat das Geld, zum es und sein GDP Wachstum zu tun geschwankt zu 10.7 Prozent letztes Jahr und ist Jagd, damit Betriebsmittel die aufwärts Tendenz halten.
Das erklärt seine Eintragung in Kenyan Titansande und auch Aussicht für öl. Nach 18 Monaten hat Jinchuan, das Chinesisch-Regierung-besessene Wesen mit $6 Milliarde in den jährlichen Einkommen, eine Wahl, zum seiner Holding in den Tiomin Betriebsmitteln auf 30 Prozent zu erhöhen und die Implikationen Kenias zu den Titanmineralablagerungen konnten verschieden sein. Titanbergbau ist die erste Hauptgewinnentätigkeit in Kenia, das direkt 400 Kenyans einsetzen und die Landmilliarden der Schillinge erwirbt würde.
Titan ist ein silbrig-graues metallisches Element, das verschiedenen Stahllegierungen hinzugefügt wird und in der Herstellung der Düsentriebwerke und der Flugkörper wegen seiner Hitze und korrosionsbeständigen Qualitäten benutzt wird. Jennings Kapital, eine kanadische korporative, Institutions- und private Firma der finanziellen Services, warnt, daß Jinchuan wahrscheinlich ist, Kenias Titanmineralien von Tiomin zu wringen, aber, den Kwale Aufstellungsort nicht zu steuern. „
Eine typische Struktur für eine Projektniveau-Investition würde Jinchuan miteinbeziehen, das damit einverstanden ist, die volle Finanzierung für das Projekt gegen ein Majorität Interesse zur Verfügung zu stellen,'' sagt Jennings Kapital in einem Report, der im April veröffentlicht wird. Vor genau einem Jahr, unterzeichnete chinesischer Präsident Hu Jintao einen ölerforschungvertrag mit Präsidenten Mwai Kibaki, einer in einer Reihe von den Abkommen, die entworfen waren, um Afrikas Naturresourcen zu halten, zu Chinas dröhnender Wirtschaft zu fließen.
Das Abkommen erlaubt Chinas Zustand-kontrolliertes vom Land entferntes öl und Gasfirma, CNOOC Ltd., zur Aussicht für öl Kenias in den Küstengewässern, obwohl es keine formale Schätzung der möglichen Reserven gibt. Technischer Personal der chinesischen Firma hat angefangen, einige Blöcke zu studieren, um Positionen herzustellen, um ölbrunnen zu sinken.
Aber, da sie das Resultat auf Erdölvorkommen erwarten, erforscht China andere Bereiche in Kenia, das Rohstoffe sucht, um seine Brüllenwirtschaft und unersättlichen Appetit an ölenergie und -mineralien einzuziehen.
Der Sino-Afrikanische Handel wird gedacht, durch 700 Prozent während der neunziger Jahre gewachsen zu sein und wird eingestellt, um zu steigen. Statistiken zeigen dem von 2002 bis 2003, handeln zwischen China und Afrika, die bis $18.5 Milliarde geverdoppelt wird und dann fast wieder in den ersten 10 Monaten von 2005 geverdoppelt ist und springen 39 Prozent bis $32.17 Milliarde. Obgleich die meisten des Wachstums an erhöhten chinesischen Importen des öls von Sudan und von anderen afrikanischen Nationen lag, sendet das neue Interesse an den afrikanischen Ländern Bammel, da China jetzt die dritte am meisten-wichtige Handelspartner des Kontinentes, hinter den Vereinigten Staaten und dem Frankreich und vor Großbritannien ist.
Wie anderwohin wirft Jagt Beijings für Einfluß und Betriebsmittel in Kenia tiefe Interessen auf. Versucht China, Kenias Titanmineralien durch das heimliche zu erwerben? „Nr., die chinesische Firma hat nicht Steuerung von, der das Titan verkauft wird, wir wissen nicht, welche Implikationen, wenn sie 30, Prozent von Tiomin zu besitzen'' Peter Ndaa sagten, der Finanzdirektor von Tiomin Kenia, eine Tochtergesellschaft der Tiomin Betriebsmittel von Kanada anfallen.
„Kenyans sollte nicht China fürchten,',' sagt Zhu Jing, Presseattaché an der chinesischen Botschaft in Nairobi. ``sind wir hier, Kenia zu entwickeln, um es, nicht von dir wegnehmen stärker zu lassen, wenn wir entdecken, daß irgendein öl in Kenia, dann, das wir hinsitzen und besprechen, wie man es teilt, aber, wenn wir nicht, wir decken alle Kosten'.' Analytiker sagen, daß China schnell seinen Einfluß in Afrika, um Zugang zu den Naturresourcen zu sichern, erweitert und seine internationalen kommerziellen Märkte durch großzügige, aber self-serving diplomatische, finanzielle und militärische Unterstützung zu erhöhen.
In einem Interview mit dem Geschäft, das täglich ist, sagten Peter Brookes, ein Beauftragter mit dem ökonomischen Uns-China und Sicherheit Kommission in Washington DC, daß Einfluß Chinas in Kenia herauf das Fördern des asiatischen Landes nur beenden könnte. `' China hat ein politisches und ökonomische Tagesordnung in Afrika, das seine Staatsinteressen stützt,“ sagte Brookes. „China sucht häufig exklusiven Zugang zu den Naturresourcen, aber die Grube (Titan) zweifellos würde nicht an verkauft werden müssen China.
China hat ein politisches und ökonomische Tagesordnung in Afrika, das seine Staatsinteressen stützt,“ sagte Brookes. „China sucht häufig exklusiven Zugang zu den Naturresourcen, aber die Grube (Titan) zweifellos würde nicht nach China verkauft werden müssen. Das würde von den gegenwärtigen Inhabern der Grube,'' sagte Brookes, einen Experten in den Afro-Asien Ausgaben und einen ehemaligen Abgeordneten behilflichen Minister fuer Verteidigung (DASD) für die asiatischen und pazifischen Angelegenheiten in der Bush Leitung abhängen.
Brookes besagte „chinesische Unternehmen underbid lokale afrikanische Firmen, und chinesische Fremdfirmen verwenden häufig billig, importierter Chinese bearbeiten. Einige Verträge erfordern 70 Prozent Chinesearbeit und wenig fügen lokaler Beschäftigung- oder Fähigkeitsentwicklung hinzu. `', wenn Jinchuan, die Hauptfremdfirma am Aufstellungsort wird, konnten sie ihre eigene erfahrene Arbeit importieren, aber alle anderen Jobs werden von den Einheimischen'' sagten Herrn Ndaa, der Projektfinanzierungdirektor angefaßt.
Die chinesische Firma hat ungefähr Sh647 Million in Tiomin Betriebsmittel gesetzt, indem sie 72.521.134 allgemeine Anteile der Firma kaufte (20 Prozent).
Das Abkommen ist, weg weg der Finanzierung und von der beschleunigten Entwicklung des Kwale Mineral-Sandprojektes zu sehen. Jinchuan ist der größte Produzent der Nickel-, Kobalt- und Platingruppe Metalle in China und kombiniert Betriebe des Bergbaus, des Prägens, des Einschmelzens, der Raffinierung und der Industriechemie.
Die chinesische Firma trug nicht Kenias Mineralszene direkt ein, aber beschloß, durch eine Firma zu überschreiten, die bereits eine Bergbaulizenz gesichert hatte, indem es die Firma akzeptierte. Auf dem Informationen Sektor läßt China heute eine Radiostation in Nairobi laufen. Das State-run China Radiointernationale strahlt seine chinesischen Sendungen in Kiswahili, das von Beijing auf FM 91.9 direkt ist. Sie haben auch eine chinesische Sprachenmitte an der Universität von Nairobi geöffnet.
Eine neue Fünfland übersicht durch die Steadman Gruppe deckt auf, daß 49 Prozent führende Vertreter der Wirtschaftn glauben, daß Chinas erhöhtes Wirtschaftsleben innerhalb Afrikas eine positive Auswirkung auf ihre Geschäfte verglichen mit 30 Prozent haben würde, die glauben, daß es eine negative Auswirkung haben würde. Jedoch 20-Prozent-Gefühl, daß Chinas erhöhte Verpflichtung mit Afrika keine Auswirkung an allen haben würde. Sie beizubehalten ist ständig wachsende Wirtschaft und sein zweistellige Zahl jährliches GDP Wachstum aufzuladen, wird China mit der Herausforderung des Ansammelns der umfangreichen Mengen der Rohstoffe gegenübergestellt. Kenia ist eine Quelle solcher Rohstoffe. Jinchuan errichtet einen Titanbetrieb in China, das schwer auf den Viehbeständen beruht, die durch das Kwale Projekt produziert werden. Maggie Ireri, geschäftliche Entwicklung Manager an der Steadman Gruppe, die den Kenia führende Vertreter der Wirtschaftn Vertrauen Index veröffentlichte, sagt, daß ``China auch seine Unternehmer anregt, in Afrika zu investieren, indem es Kredite zu Vorzugskonditionen und Bestellerkredit zur Verfügung stellt. Möglicherweise sind wir in Afrika zu scharf, fremde Direktinvestition und Unternehmergeisten zu fördern, daß wir alle mögliche downsides ignorieren, die diese Wagnisse begleiten. Einige dieser chinesischen Unternehmen zum Beispiel sind an der Vorderfrontseite in dem Importieren der preiswerten Waren der geringen Qualität gewesen und sie verkaufend zum undiscerning Afrika Verbraucher. ''
Heben die chinesischen überfälle in Kenia Augenbrauen an. Kenias ist neue Hilfsmittelstrategie, Investition und Hilfsmittel vom Fernen Osten zu suchen - besonders China, das finanzielle Unterstützung verlängert, ohne Nachfragen für gute Regierungsgewalt, anders als die vielseitigen und westlichen Spender anzubringen. Letztes Jahr, China übergebenes Kenia SH2.6 Milliarde im Hilfsmittel, Kenia Energie und Beleuchtung Firma hauptsächlich zu modernisieren, sind damit einverstanden, Kaffeehandel Kenias aufzuladen, und AUCMA Fernsehapparat Fabrik aufzustellen, die eine Kapazität hat, 800 Fernseher ein Tag zusammenzubauen.
Analytiker sagen, daß preiswerte chinesische Importe den Kenyan Markt überschwemmen, wenn seine Verpflichtung mit Beijing ausgedehnt ist. ``preiswerte chinesische Waren überschwemmen afrikanische Märkte, besonders Gewebe, drückende Märkte, die Afrikaner versuchen, zu entwickeln und verursachen Arbeitslosigkeit und Verschalung Fabriken über dem Kontinent. Und Bewilligungschina zinsverbilligte Kredite an Entwicklungsländer haben Internationale Währungsfondsgesetzt und andere Bank projiziert sich auf den Einfluß wegen der Interessen über ökonomische Misswirtschaft und Korruption,'' sagt Brookes. Ms Ireri sagt im Sambia, chinesische Unternehmen haben eingesickert den Freizeitsektor, soweit daß einige laufende behelfsmäßige Straßenrandstäbe sind.
Die allgemeine Ansicht unter Zambians ist, daß die Chinesen einen unfairen Vorteil über den Einheimischen haben, da solche Infiltration lokale Geschäft Initiativen töten könnte. Dieses ist solch eine streitsüchtige Ausgabe im Sambia geworden, dem der Hauptopposition Anwärter in der letzten Wahl, Michael Sata, Wahlunterstützung teils auf der Grundlage von das Verringern des chinesischen Wirtschaftslebens im Land suchte. Es folglich überrascht nicht das in der übersicht des Steadmans, sambianische führende Vertreter der Wirtschaftn ist sehr negativ über den chinesischen Einfluß - anders als ihre Gegenstücke in Kenia und in Uganda, sagt Ms Ireri. Bilateraler Handel betrug US$645 Million letztes Jahr, Herr gesagtes Jing. Aber der Anteil des Löwes floß nach Osten zur Bezahlung für Exporte von alles von Maschinerie zu Gewebe.
China hat ein politisches und ökonomische Tagesordnung in Afrika, das seine Staatsinteressen stützt,“ sagte Brookes. „China sucht häufig exklusiven Zugang zu den Naturresourcen, aber die Grube (Titan) zweifellos würde nicht nach China verkauft werden müssen. Das würde von den gegenwärtigen Inhabern der Grube,'' sagte Brookes, einen Experten in den Afro-Asien Ausgaben und einen ehemaligen Abgeordneten behilflichen Minister fuer Verteidigung (DASD) für die asiatischen und pazifischen Angelegenheiten in der Bush Leitung abhängen.
Brookes besagte „chinesische Unternehmen underbid lokale afrikanische Firmen, und chinesische Fremdfirmen verwenden häufig billig, importierter Chinese bearbeiten. Einige Verträge erfordern 70 Prozent Chinesearbeit und wenig fügen lokaler Beschäftigung- oder Fähigkeitsentwicklung hinzu. `', wenn Jinchuan, die Hauptfremdfirma am Aufstellungsort wird, konnten sie ihre eigene erfahrene Arbeit importieren, aber alle anderen Jobs werden von den Einheimischen'' sagten Herrn Ndaa, der Projektfinanzierungdirektor angefaßt.
Die chinesische Firma hat ungefähr Sh647 Million in Tiomin Betriebsmittel gesetzt, indem sie 72.521.134 allgemeine Anteile der Firma kaufte (20 Prozent). Das Abkommen ist, weg weg der Finanzierung und von der beschleunigten Entwicklung des Kwale Mineral-Sandprojektes zu sehen. Jinchuan ist der größte Produzent der Nickel-, Kobalt- und Platingruppe Metalle in China und kombiniert Betriebe des Bergbaus, des Prägens, des Einschmelzens, der Raffinierung und der Industriechemie.
Die chinesische Firma trug nicht Kenias Mineralszene direkt ein, aber beschloß, durch eine Firma zu überschreiten, die bereits eine Bergbaulizenz gesichert hatte, indem es die Firma akzeptierte. Auf dem Informationen Sektor läßt China heute eine Radiostation in Nairobi laufen.
Das State-run China Radiointernationale strahlt seine chinesischen Sendungen in Kiswahili, das von Beijing auf FM 91.9 direkt ist. Sie haben auch eine chinesische Sprachenmitte an der Universität von Nairobi geöffnet. Eine neue Fünfland übersicht durch die Steadman Gruppe deckt auf, daß 49 Prozent führende Vertreter der Wirtschaftn glauben, daß Chinas erhöhtes Wirtschaftsleben innerhalb Afrikas eine positive Auswirkung auf ihre Geschäfte verglichen mit 30 Prozent haben würde, die glauben, daß es eine negative Auswirkung haben würde.
Jedoch 20-Prozent-Gefühl, daß Chinas erhöhte Verpflichtung mit Afrika keine Auswirkung an allen haben würde. Sie beizubehalten ist ständig wachsende Wirtschaft und sein zweistellige Zahl jährliches GDP Wachstum aufzuladen, wird China mit der Herausforderung des Ansammelns der umfangreichen Mengen der Rohstoffe gegenübergestellt.
Kenia ist eine Quelle solcher Rohstoffe. Jinchuan errichtet einen Titanbetrieb in China, das schwer auf den Viehbeständen beruht, die durch das Kwale Projekt produziert werden. Maggie Ireri, geschäftliche Entwicklung Manager an der Steadman Gruppe, die den Kenia führende Vertreter der Wirtschaftn Vertrauen Index veröffentlichte, sagt, daß ``China auch seine Unternehmer anregt, in Afrika zu investieren, indem es Kredite zu Vorzugskonditionen und Bestellerkredit zur Verfügung stellt. Möglicherweise sind wir in Afrika zu scharf, fremde Direktinvestition und Unternehmergeisten zu fördern, daß wir alle mögliche downsides ignorieren, die diese Wagnisse begleiten. Einige dieser chinesischen Unternehmen zum Beispiel sind an der Vorderfrontseite in dem Importieren der preiswerten Waren der geringen Qualität gewesen und sie verkaufend zum undiscerning Afrika Verbraucher. '' Heben die chinesischen überfälle in Kenia Augenbrauen an. Kenias ist neue Hilfsmittelstrategie, Investition und Hilfsmittel vom Fernen Osten zu suchen - besonders China, das finanzielle Unterstützung verlängert, ohne Nachfragen für gute Regierungsgewalt, anders als die vielseitigen und westlichen Spender anzubringen. Letztes Jahr, China übergebenes Kenia SH2.6 Milliarde im Hilfsmittel, Kenia Energie und Beleuchtung Firma hauptsächlich zu modernisieren, sind damit einverstanden, Kaffeehandel Kenias aufzuladen, und AUCMA Fernsehapparat Fabrik aufzustellen, die eine Kapazität hat, 800 Fernseher ein Tag zusammenzubauen.
Analytiker sagen, daß preiswerte chinesische Importe den Kenyan Markt überschwemmen, wenn seine Verpflichtung mit Beijing ausgedehnt ist. ``preiswerte chinesische Waren überschwemmen afrikanische Märkte, besonders Gewebe, drückende Märkte, die Afrikaner versuchen, zu entwickeln und verursachen Arbeitslosigkeit und Verschalung Fabriken über dem Kontinent. Und Bewilligungschina zinsverbilligte Kredite an Entwicklungsländer haben Internationale Währungsfondsgesetzt und andere Bank projiziert sich auf den Einfluß wegen der Interessen über ökonomische Misswirtschaft und Korruption,'' sagt Brookes. Ms Ireri sagt im Sambia, chinesische Unternehmen haben eingesickert den Freizeitsektor, soweit daß einige laufende behelfsmäßige Straßenrandstäbe sind. Die allgemeine Ansicht unter Zambians ist, daß die Chinesen einen unfairen Vorteil über den Einheimischen haben, da solche Infiltration lokale Geschäft Initiativen töten könnte.
ieses ist solch eine streitsüchtige Ausgabe im Sambia geworden, dem der Hauptopposition Anwärter in der letzten Wahl, Michael Sata, Wahlunterstützung teils auf der Grundlage von das Verringern des chinesischen Wirtschaftslebens im Land suchte. Es folglich überrascht nicht das in der übersicht des Steadmans, sambianische führende Vertreter der Wirtschaftn ist sehr negativ über den chinesischen Einfluß - anders als ihre Gegenstücke in Kenia und in Uganda, sagt Ms Ireri. Bilateraler Handel betrug US$645 Million letztes Jahr, Herr gesagtes Jing. Aber der Anteil des Löwes floß nach Osten zur Bezahlung für Exporte von alles von Maschinerie zu Gewebe.
China steht Afrikas neuem ökonomischem Retter
Geschrieben durch Jim Onyango China erweitert schnell seinen Einfluß in Afrika über schwere Investitionen in Kontinent-und Kenia ist nicht ausgelassen worden, aber die Jury ist noch heraus auf, was diese für das Land bedeutet.
Am Anfang April, trug China ruhig Kenias flügge werdenen gewinnensektor ein. Vor eine chinesische Regierung gesteuerte Metallproduktionsgesellschaft, Jinchuan Gruppe begrenzt - der dominierende Produzent des Nickels und anderer niedriger und kostbarer Metalle, kaufte eine 20-Prozent-Stange in den Tiomin Betriebsmitteln von Kanada eine Firma, die 10 Jahren Grube zu den Titanablagerungen von der Kenyan Küste genehmigt wurde.
Das chinesische Abkommen wird ausdrücklich das Jungfrau Kwale Mineral entwickelnd Sand-geschätzt, um ungefähr 3.2 Milliarde Tonnen des Titans 14 Prozent der Titanbetriebsmittel der Welt zu halten angestrebt.
Es gibt ein wachsendes Argument, das, da globale Nachfrage nach Energie fortfährt zu steigen, vorhergehende Spieler wie Vereinigte Staaten, europäischer Anschluß (EU) und Japan jetzt China als gleiches Mitglied gegenüberstellen muß. China hat das Geld, zum es und sein GDP Wachstum zu tun geschwankt zu 10.7 Prozent letztes Jahr und ist Jagd, damit Betriebsmittel die aufwärts Tendenz halten.
Das erklärt seine Eintragung in Kenyan Titansande und auch Aussicht für öl. Nach 18 Monaten hat Jinchuan, das Chinesisch-Regierung-besessene Wesen mit $6 Milliarde in den jährlichen Einkommen, eine Wahl, zum seiner Holding in den Tiomin Betriebsmitteln auf 30 Prozent zu erhöhen und die Implikationen Kenias zu den Titanmineralablagerungen konnten verschieden sein. Titanbergbau ist die erste Hauptgewinnentätigkeit in Kenia, das direkt 400 Kenyans einsetzen und die Landmilliarden der Schillinge erwirbt würde.
Titan ist ein silbrig-graues metallisches Element, das verschiedenen Stahllegierungen hinzugefügt wird und in der Herstellung der Düsentriebwerke und der Flugkörper wegen seiner Hitze und korrosionsbeständigen Qualitäten benutzt wird. Jennings Kapital, eine kanadische korporative, Institutions- und private Firma der finanziellen Services, warnt, daß Jinchuan wahrscheinlich ist, Kenias Titanmineralien von Tiomin zu wringen, aber, den Kwale Aufstellungsort nicht zu steuern. „
Eine typische Struktur für eine Projektniveau-Investition würde Jinchuan miteinbeziehen, das damit einverstanden ist, die volle Finanzierung für das Projekt gegen ein Majorität Interesse zur Verfügung zu stellen,'' sagt Jennings Kapital in einem Report, der im April veröffentlicht wird. Vor genau einem Jahr, unterzeichnete chinesischer Präsident Hu Jintao einen ölerforschungvertrag mit Präsidenten Mwai Kibaki, einer in einer Reihe von den Abkommen, die entworfen waren, um Afrikas Naturresourcen zu halten, zu Chinas dröhnender Wirtschaft zu fließen.
Das Abkommen erlaubt Chinas Zustand-kontrolliertes vom Land entferntes öl und Gasfirma, CNOOC Ltd., zur Aussicht für öl Kenias in den Küstengewässern, obwohl es keine formale Schätzung der möglichen Reserven gibt. Technischer Personal der chinesischen Firma hat angefangen, einige Blöcke zu studieren, um Positionen herzustellen, um ölbrunnen zu sinken.
Aber, da sie das Resultat auf Erdölvorkommen erwarten, erforscht China andere Bereiche in Kenia, das Rohstoffe sucht, um seine Brüllenwirtschaft und unersättlichen Appetit an ölenergie und -mineralien einzuziehen.
Der Sino-Afrikanische Handel wird gedacht, durch 700 Prozent während der neunziger Jahre gewachsen zu sein und wird eingestellt, um zu steigen. Statistiken zeigen dem von 2002 bis 2003, handeln zwischen China und Afrika, die bis $18.5 Milliarde geverdoppelt wird und dann fast wieder in den ersten 10 Monaten von 2005 geverdoppelt ist und springen 39 Prozent bis $32.17 Milliarde. Obgleich die meisten des Wachstums an erhöhten chinesischen Importen des öls von Sudan und von anderen afrikanischen Nationen lag, sendet das neue Interesse an den afrikanischen Ländern Bammel, da China jetzt die dritte am meisten-wichtige Handelspartner des Kontinentes, hinter den Vereinigten Staaten und dem Frankreich und vor Großbritannien ist.
Wie anderwohin wirft Jagt Beijings für Einfluß und Betriebsmittel in Kenia tiefe Interessen auf. Versucht China, Kenias Titanmineralien durch das heimliche zu erwerben? „Nr., die chinesische Firma hat nicht Steuerung von, der das Titan verkauft wird, wir wissen nicht, welche Implikationen, wenn sie 30, Prozent von Tiomin zu besitzen'' Peter Ndaa sagten, der Finanzdirektor von Tiomin Kenia, eine Tochtergesellschaft der Tiomin Betriebsmittel von Kanada anfallen.
„Kenyans sollte nicht China fürchten,',' sagt Zhu Jing, Presseattaché an der chinesischen Botschaft in Nairobi. ``sind wir hier, Kenia zu entwickeln, um es, nicht von dir wegnehmen stärker zu lassen, wenn wir entdecken, daß irgendein öl in Kenia, dann, das wir hinsitzen und besprechen, wie man es teilt, aber, wenn wir nicht, wir decken alle Kosten'.' Analytiker sagen, daß China schnell seinen Einfluß in Afrika, um Zugang zu den Naturresourcen zu sichern, erweitert und seine internationalen kommerziellen Märkte durch großzügige, aber self-serving diplomatische, finanzielle und militärische Unterstützung zu erhöhen.
In einem Interview mit dem Geschäft, das täglich ist, sagten Peter Brookes, ein Beauftragter mit dem ökonomischen Uns-China und Sicherheit Kommission in Washington DC, daß Einfluß Chinas in Kenia herauf das Fördern des asiatischen Landes nur beenden könnte. `' China hat ein politisches und ökonomische Tagesordnung in Afrika, das seine Staatsinteressen stützt,“ sagte Brookes. „China sucht häufig exklusiven Zugang zu den Naturresourcen, aber die Grube (Titan) zweifellos würde nicht an verkauft werden müssen China.
China hat ein politisches und ökonomische Tagesordnung in Afrika, das seine Staatsinteressen stützt,“ sagte Brookes. „China sucht häufig exklusiven Zugang zu den Naturresourcen, aber die Grube (Titan) zweifellos würde nicht nach China verkauft werden müssen. Das würde von den gegenwärtigen Inhabern der Grube,'' sagte Brookes, einen Experten in den Afro-Asien Ausgaben und einen ehemaligen Abgeordneten behilflichen Minister fuer Verteidigung (DASD) für die asiatischen und pazifischen Angelegenheiten in der Bush Leitung abhängen.
Brookes besagte „chinesische Unternehmen underbid lokale afrikanische Firmen, und chinesische Fremdfirmen verwenden häufig billig, importierter Chinese bearbeiten. Einige Verträge erfordern 70 Prozent Chinesearbeit und wenig fügen lokaler Beschäftigung- oder Fähigkeitsentwicklung hinzu. `', wenn Jinchuan, die Hauptfremdfirma am Aufstellungsort wird, konnten sie ihre eigene erfahrene Arbeit importieren, aber alle anderen Jobs werden von den Einheimischen'' sagten Herrn Ndaa, der Projektfinanzierungdirektor angefaßt.
Die chinesische Firma hat ungefähr Sh647 Million in Tiomin Betriebsmittel gesetzt, indem sie 72.521.134 allgemeine Anteile der Firma kaufte (20 Prozent).
Das Abkommen ist, weg weg der Finanzierung und von der beschleunigten Entwicklung des Kwale Mineral-Sandprojektes zu sehen. Jinchuan ist der größte Produzent der Nickel-, Kobalt- und Platingruppe Metalle in China und kombiniert Betriebe des Bergbaus, des Prägens, des Einschmelzens, der Raffinierung und der Industriechemie.
Die chinesische Firma trug nicht Kenias Mineralszene direkt ein, aber beschloß, durch eine Firma zu überschreiten, die bereits eine Bergbaulizenz gesichert hatte, indem es die Firma akzeptierte. Auf dem Informationen Sektor läßt China heute eine Radiostation in Nairobi laufen. Das State-run China Radiointernationale strahlt seine chinesischen Sendungen in Kiswahili, das von Beijing auf FM 91.9 direkt ist. Sie haben auch eine chinesische Sprachenmitte an der Universität von Nairobi geöffnet.
Eine neue Fünfland übersicht durch die Steadman Gruppe deckt auf, daß 49 Prozent führende Vertreter der Wirtschaftn glauben, daß Chinas erhöhtes Wirtschaftsleben innerhalb Afrikas eine positive Auswirkung auf ihre Geschäfte verglichen mit 30 Prozent haben würde, die glauben, daß es eine negative Auswirkung haben würde. Jedoch 20-Prozent-Gefühl, daß Chinas erhöhte Verpflichtung mit Afrika keine Auswirkung an allen haben würde. Sie beizubehalten ist ständig wachsende Wirtschaft und sein zweistellige Zahl jährliches GDP Wachstum aufzuladen, wird China mit der Herausforderung des Ansammelns der umfangreichen Mengen der Rohstoffe gegenübergestellt. Kenia ist eine Quelle solcher Rohstoffe. Jinchuan errichtet einen Titanbetrieb in China, das schwer auf den Viehbeständen beruht, die durch das Kwale Projekt produziert werden. Maggie Ireri, geschäftliche Entwicklung Manager an der Steadman Gruppe, die den Kenia führende Vertreter der Wirtschaftn Vertrauen Index veröffentlichte, sagt, daß ``China auch seine Unternehmer anregt, in Afrika zu investieren, indem es Kredite zu Vorzugskonditionen und Bestellerkredit zur Verfügung stellt. Möglicherweise sind wir in Afrika zu scharf, fremde Direktinvestition und Unternehmergeisten zu fördern, daß wir alle mögliche downsides ignorieren, die diese Wagnisse begleiten. Einige dieser chinesischen Unternehmen zum Beispiel sind an der Vorderfrontseite in dem Importieren der preiswerten Waren der geringen Qualität gewesen und sie verkaufend zum undiscerning Afrika Verbraucher. ''
Heben die chinesischen überfälle in Kenia Augenbrauen an. Kenias ist neue Hilfsmittelstrategie, Investition und Hilfsmittel vom Fernen Osten zu suchen - besonders China, das finanzielle Unterstützung verlängert, ohne Nachfragen für gute Regierungsgewalt, anders als die vielseitigen und westlichen Spender anzubringen. Letztes Jahr, China übergebenes Kenia SH2.6 Milliarde im Hilfsmittel, Kenia Energie und Beleuchtung Firma hauptsächlich zu modernisieren, sind damit einverstanden, Kaffeehandel Kenias aufzuladen, und AUCMA Fernsehapparat Fabrik aufzustellen, die eine Kapazität hat, 800 Fernseher ein Tag zusammenzubauen.
Analytiker sagen, daß preiswerte chinesische Importe den Kenyan Markt überschwemmen, wenn seine Verpflichtung mit Beijing ausgedehnt ist. ``preiswerte chinesische Waren überschwemmen afrikanische Märkte, besonders Gewebe, drückende Märkte, die Afrikaner versuchen, zu entwickeln und verursachen Arbeitslosigkeit und Verschalung Fabriken über dem Kontinent. Und Bewilligungschina zinsverbilligte Kredite an Entwicklungsländer haben Internationale Währungsfondsgesetzt und andere Bank projiziert sich auf den Einfluß wegen der Interessen über ökonomische Misswirtschaft und Korruption,'' sagt Brookes. Ms Ireri sagt im Sambia, chinesische Unternehmen haben eingesickert den Freizeitsektor, soweit daß einige laufende behelfsmäßige Straßenrandstäbe sind.
Die allgemeine Ansicht unter Zambians ist, daß die Chinesen einen unfairen Vorteil über den Einheimischen haben, da solche Infiltration lokale Geschäft Initiativen töten könnte. Dieses ist solch eine streitsüchtige Ausgabe im Sambia geworden, dem der Hauptopposition Anwärter in der letzten Wahl, Michael Sata, Wahlunterstützung teils auf der Grundlage von das Verringern des chinesischen Wirtschaftslebens im Land suchte. Es folglich überrascht nicht das in der übersicht des Steadmans, sambianische führende Vertreter der Wirtschaftn ist sehr negativ über den chinesischen Einfluß - anders als ihre Gegenstücke in Kenia und in Uganda, sagt Ms Ireri. Bilateraler Handel betrug US$645 Million letztes Jahr, Herr gesagtes Jing. Aber der Anteil des Löwes floß nach Osten zur Bezahlung für Exporte von alles von Maschinerie zu Gewebe.
China hat ein politisches und ökonomische Tagesordnung in Afrika, das seine Staatsinteressen stützt,“ sagte Brookes. „China sucht häufig exklusiven Zugang zu den Naturresourcen, aber die Grube (Titan) zweifellos würde nicht nach China verkauft werden müssen. Das würde von den gegenwärtigen Inhabern der Grube,'' sagte Brookes, einen Experten in den Afro-Asien Ausgaben und einen ehemaligen Abgeordneten behilflichen Minister fuer Verteidigung (DASD) für die asiatischen und pazifischen Angelegenheiten in der Bush Leitung abhängen.
Brookes besagte „chinesische Unternehmen underbid lokale afrikanische Firmen, und chinesische Fremdfirmen verwenden häufig billig, importierter Chinese bearbeiten. Einige Verträge erfordern 70 Prozent Chinesearbeit und wenig fügen lokaler Beschäftigung- oder Fähigkeitsentwicklung hinzu. `', wenn Jinchuan, die Hauptfremdfirma am Aufstellungsort wird, konnten sie ihre eigene erfahrene Arbeit importieren, aber alle anderen Jobs werden von den Einheimischen'' sagten Herrn Ndaa, der Projektfinanzierungdirektor angefaßt.
Die chinesische Firma hat ungefähr Sh647 Million in Tiomin Betriebsmittel gesetzt, indem sie 72.521.134 allgemeine Anteile der Firma kaufte (20 Prozent). Das Abkommen ist, weg weg der Finanzierung und von der beschleunigten Entwicklung des Kwale Mineral-Sandprojektes zu sehen. Jinchuan ist der größte Produzent der Nickel-, Kobalt- und Platingruppe Metalle in China und kombiniert Betriebe des Bergbaus, des Prägens, des Einschmelzens, der Raffinierung und der Industriechemie.
Die chinesische Firma trug nicht Kenias Mineralszene direkt ein, aber beschloß, durch eine Firma zu überschreiten, die bereits eine Bergbaulizenz gesichert hatte, indem es die Firma akzeptierte. Auf dem Informationen Sektor läßt China heute eine Radiostation in Nairobi laufen.
Das State-run China Radiointernationale strahlt seine chinesischen Sendungen in Kiswahili, das von Beijing auf FM 91.9 direkt ist. Sie haben auch eine chinesische Sprachenmitte an der Universität von Nairobi geöffnet. Eine neue Fünfland übersicht durch die Steadman Gruppe deckt auf, daß 49 Prozent führende Vertreter der Wirtschaftn glauben, daß Chinas erhöhtes Wirtschaftsleben innerhalb Afrikas eine positive Auswirkung auf ihre Geschäfte verglichen mit 30 Prozent haben würde, die glauben, daß es eine negative Auswirkung haben würde.
Jedoch 20-Prozent-Gefühl, daß Chinas erhöhte Verpflichtung mit Afrika keine Auswirkung an allen haben würde. Sie beizubehalten ist ständig wachsende Wirtschaft und sein zweistellige Zahl jährliches GDP Wachstum aufzuladen, wird China mit der Herausforderung des Ansammelns der umfangreichen Mengen der Rohstoffe gegenübergestellt.
Kenia ist eine Quelle solcher Rohstoffe. Jinchuan errichtet einen Titanbetrieb in China, das schwer auf den Viehbeständen beruht, die durch das Kwale Projekt produziert werden. Maggie Ireri, geschäftliche Entwicklung Manager an der Steadman Gruppe, die den Kenia führende Vertreter der Wirtschaftn Vertrauen Index veröffentlichte, sagt, daß ``China auch seine Unternehmer anregt, in Afrika zu investieren, indem es Kredite zu Vorzugskonditionen und Bestellerkredit zur Verfügung stellt. Möglicherweise sind wir in Afrika zu scharf, fremde Direktinvestition und Unternehmergeisten zu fördern, daß wir alle mögliche downsides ignorieren, die diese Wagnisse begleiten. Einige dieser chinesischen Unternehmen zum Beispiel sind an der Vorderfrontseite in dem Importieren der preiswerten Waren der geringen Qualität gewesen und sie verkaufend zum undiscerning Afrika Verbraucher. '' Heben die chinesischen überfälle in Kenia Augenbrauen an. Kenias ist neue Hilfsmittelstrategie, Investition und Hilfsmittel vom Fernen Osten zu suchen - besonders China, das finanzielle Unterstützung verlängert, ohne Nachfragen für gute Regierungsgewalt, anders als die vielseitigen und westlichen Spender anzubringen. Letztes Jahr, China übergebenes Kenia SH2.6 Milliarde im Hilfsmittel, Kenia Energie und Beleuchtung Firma hauptsächlich zu modernisieren, sind damit einverstanden, Kaffeehandel Kenias aufzuladen, und AUCMA Fernsehapparat Fabrik aufzustellen, die eine Kapazität hat, 800 Fernseher ein Tag zusammenzubauen.
Analytiker sagen, daß preiswerte chinesische Importe den Kenyan Markt überschwemmen, wenn seine Verpflichtung mit Beijing ausgedehnt ist. ``preiswerte chinesische Waren überschwemmen afrikanische Märkte, besonders Gewebe, drückende Märkte, die Afrikaner versuchen, zu entwickeln und verursachen Arbeitslosigkeit und Verschalung Fabriken über dem Kontinent. Und Bewilligungschina zinsverbilligte Kredite an Entwicklungsländer haben Internationale Währungsfondsgesetzt und andere Bank projiziert sich auf den Einfluß wegen der Interessen über ökonomische Misswirtschaft und Korruption,'' sagt Brookes. Ms Ireri sagt im Sambia, chinesische Unternehmen haben eingesickert den Freizeitsektor, soweit daß einige laufende behelfsmäßige Straßenrandstäbe sind. Die allgemeine Ansicht unter Zambians ist, daß die Chinesen einen unfairen Vorteil über den Einheimischen haben, da solche Infiltration lokale Geschäft Initiativen töten könnte.
ieses ist solch eine streitsüchtige Ausgabe im Sambia geworden, dem der Hauptopposition Anwärter in der letzten Wahl, Michael Sata, Wahlunterstützung teils auf der Grundlage von das Verringern des chinesischen Wirtschaftslebens im Land suchte. Es folglich überrascht nicht das in der übersicht des Steadmans, sambianische führende Vertreter der Wirtschaftn ist sehr negativ über den chinesischen Einfluß - anders als ihre Gegenstücke in Kenia und in Uganda, sagt Ms Ireri. Bilateraler Handel betrug US$645 Million letztes Jahr, Herr gesagtes Jing. Aber der Anteil des Löwes floß nach Osten zur Bezahlung für Exporte von alles von Maschinerie zu Gewebe.
Tiomin strikes advance deal for Kwale titanium
Written by Jim Onyango
Canadian mineral exploration firm Tiomin Resources, says it has already sold the titanium minerals it plans to mine in Kenya to five international firms six months before the start of the mining project.
Among the companies which have bought the titanium deposits — which add up to 14 per cent of the world total — is Jinchuan Group, a dominant producer of nickel and other base and precious metals in China.
The Chinese government owned firm bought a 20 per cent stake in Tiomin Resources two weeks ago. According to Jennings Capital, a Canadian financial services company, Jinchuan is building a titanium plant in China that will rely heavily on stock produced by the Kwale project.
Business Daily cannot mention the other four firms because of the confidential nature of contracts signed with Tiomin.
However, Mr Peter Ndaa, the finance director of Tiomin Kenya, a wholly owned subsidiary of Tiomin Resources, said the international companies had signed exclusive rights to buy the titanium expected to be scooped from Kwale starting in the last quarter of the year.
Financial details involving the sale agreements will come to light when the companies visit Kwale at the end of the year. The Kwale mineral sands are estimated to hold about 3.2 billion tonnes of titanium, or 14 per cent of the world’s known resources. The mineral is used to alloy spacecraft metals for low weight, strength, and high-temperature stability. Titanium alloys are also used to make parts for missiles and ships.
Said Mr Ndaa: “We already have a market for our titanium. It’s been sold before the mining could start.”
Administration police officers recently moved to the Kwale property and evicted families who had refused to leave the land, allocated by the Government for the mining project, signifying a new push to begin operations in a project that has been in the works for a decade years.
The company says it has worked out an elaborate resettlement and compensation scheme for affected families. While some challenged the financial compensation in court, their cases were dismissed. Tiomin has built up its financial muscle with the entry of Jinchuan. The company pumped Sh647 million into the Canadian project by purchasing 72,521,134 shares of the company.
Tiomin Resources was licensed 10 years ago, but it immediately ran into financial difficulties forcing it to put the project in abeyance. Citing cost overruns due to delays in land settlement agreements, and lowered titanium prices on the international market, the company has repeatedly said the threats could bring down curtains on the first major mining project at the coast, which carried a prospect of bringing in billions of shillings in foreign exchange and providing employment opportunities for hundreds of people.
The company said it had suffered a Sh2.7 billion ($40 million) increase in project maintenance cost, including Sh300 million paid to some four contractors as contract closure fees. Tiomin ended contracts with engineers and local mining experts it had engaged because of delays as farmers launched a series of litigation, protesting at what they said was poor compensation for their land.
This year, the company’s North American lenders withdrew a Sh10.7 billion debt facility that further hamstrung the firm’s work. But yesterday, Mr Ndaa was upbeat on the beginning of mining. “We are likely to see work starting at the last quarter of the year,’’ he said.
autom. Übersetzung:
Tiomin Schlag-Fortschritt Abkommen für das Kwale Titan, das durch Jim Onyango kanadische Mineralerforschungunternehmen Tiomin Betriebsmittel geschrieben wird, sagt, daß es bereits die Titanmineralien verkauft hat, die es zu meinen in Kenia zu fünf internationalen Unternehmen sechs Monate vor dem Anfang des gewinnenprojektes plant.
Unter den Firmen, die die Titanablagerungen gekauft haben - die bis 14 Prozent der Weltgesamtmenge hinzufügen - ist- Jinchuan Gruppe, ein dominierender Produzent des Nickels und andere niedrige und kostbare Metalle in China.
Vor das chinesische staatliche Unternehmen kaufte eine 20-Prozent-Stange in den Tiomin Betriebsmitteln zwei Wochen. Entsprechend Jennings Kapital errichtet eine kanadische Firma der finanziellen Services, Jinchuan einen Titanbetrieb in China, das schwer auf dem Vorrat beruht, der durch das Kwale Projekt produziert wird.
eschäft Tageszeitung kann nicht die anderen vier Unternehmen wegen der vertraulichen Natur der Verträge erwähnen, die mit Tiomin unterzeichnet werden.
Jedoch sagte Herr Peter Ndaa, der Finanzdirektor von Tiomin Kenia, eine insgesamt besessene Tochtergesellschaft der Tiomin Betriebsmittel, daß die internationalen Firmen ausschließliche Rechte unterzeichnet hatten, das Titan zu kaufen, das erwartet wurde, von Kwale geschaufelt zu werden, das im letzten Viertel des Jahres beginnt.
Die finanziellen Details, welche die Kaufverträge mit einbeziehen, kommen ans Licht, wenn die Firmen Kwale am Jahresende besuchen. Die Kwale Mineralsande werden geschätzt, um ungefähr 3.2 Milliarde Tonnen des Titans oder 14 Prozent der bekannten Betriebsmittel der Welt zu halten.
Das Mineral wird benutzt, um Raumfahrzeugmetalle für niedriges Gewicht, Stärke und Hochtemperaturstabilität zu legieren. Titanlegierungen werden auch benutzt, um Teile für Flugkörper und Schiffe zu bilden.
Besagter Herr Ndaa: „Wir haben bereits einen Markt für unser Titan. Es ist verkauft worden, bevor der Bergbau beginnen könnte.“ Leitung Polizeioffiziere vor kurzem zogen auf die Kwale Eigenschaft um und vertrieben Familien gewaltsam, die abgelehnt hatten, das Land zu verlassen, zugeteilt durch die Regierung für das gewinnenprojekt und einen neuen Stoß bedeutet, um Betriebe in einem Projekt anzufangen, das in den Arbeiten für eine Dekade Jahre gewesen ist.
Die Firma sagt, daß sie einen durchdachten Wiedereinsetzung- und Ausgleichsentwurf für betroffene Familien ausgearbeitet hat. Während einige den finanziellen Ausgleich bei Gericht herausforderten, wurden ihre Fälle entlassen.
Tiomin hat seinen finanziellen Muskel mit der Eintragung von Jinchuan aufgebaut. Die Firma pumpte Sh647 Million in das kanadische Projekt, indem sie 72.521.134 Anteile der Firma kaufte. Vor Tiomin Betriebsmittel wurden 10 Jahren genehmigt, aber es lief sofort in die finanziellen Schwierigkeiten, die es zwingen, um das Projekt in Unentschiedenheit einzusetzen.
Das Zitieren der Kostenüberschreitungen, die zu passend sind, verzögert in den LandAbfindungsverträgen, und gesenkte Titanpreise auf dem Weltmarkt, die Firma hat wiederholt gesagt, daß die Drohungen Vorhänge auf dem ersten Hauptgewinnenprojekt an der Küste senken konnten, die eine Aussicht des Holens in Milliarden Schillinge im Devisenkurs und des Zur Verfügung stellens der Beschäftigungsmöglichkeiten für Hunderte Leute trug. Die Firma sagte, daß sie eine ($40 Million) Zunahme Sh2.7 Milliarde der ProjektUnterhaltungskosten, einschließlich Sh300 erlitten hatte Million, das zu ca. vier Fremdfirmen als Vertrag Schliessengebühren gezahlt wurde.
Tiomin beendete Verträge mit Ingenieuren und lokalen gewinnenexperten, die es sich wegen engagiert hatte, verzögert, während Landwirte eine Reihe des Rechtsstreites ausstießen und protestiert an, was sie waren schlechter Ausgleich für ihr Land sagten.
Dieses Jahr, nahmen die nordamerikanischen kreditgebenden Stellen der Firma einen Service der Schuld Sh10.7 Milliarde zurück, dem weiter die Arbeit des Unternehmens lähmte. Aber gestern, war Herr Ndaa auf dem Anfang des Bergbaus positiv. „Wir sind wahrscheinlich, Arbeit zu sehen, am letzten Viertel des Jahres zu beginnen,'' sagte er.
Written by Jim Onyango
Canadian mineral exploration firm Tiomin Resources, says it has already sold the titanium minerals it plans to mine in Kenya to five international firms six months before the start of the mining project.
Among the companies which have bought the titanium deposits — which add up to 14 per cent of the world total — is Jinchuan Group, a dominant producer of nickel and other base and precious metals in China.
The Chinese government owned firm bought a 20 per cent stake in Tiomin Resources two weeks ago. According to Jennings Capital, a Canadian financial services company, Jinchuan is building a titanium plant in China that will rely heavily on stock produced by the Kwale project.
Business Daily cannot mention the other four firms because of the confidential nature of contracts signed with Tiomin.
However, Mr Peter Ndaa, the finance director of Tiomin Kenya, a wholly owned subsidiary of Tiomin Resources, said the international companies had signed exclusive rights to buy the titanium expected to be scooped from Kwale starting in the last quarter of the year.
Financial details involving the sale agreements will come to light when the companies visit Kwale at the end of the year. The Kwale mineral sands are estimated to hold about 3.2 billion tonnes of titanium, or 14 per cent of the world’s known resources. The mineral is used to alloy spacecraft metals for low weight, strength, and high-temperature stability. Titanium alloys are also used to make parts for missiles and ships.
Said Mr Ndaa: “We already have a market for our titanium. It’s been sold before the mining could start.”
Administration police officers recently moved to the Kwale property and evicted families who had refused to leave the land, allocated by the Government for the mining project, signifying a new push to begin operations in a project that has been in the works for a decade years.
The company says it has worked out an elaborate resettlement and compensation scheme for affected families. While some challenged the financial compensation in court, their cases were dismissed. Tiomin has built up its financial muscle with the entry of Jinchuan. The company pumped Sh647 million into the Canadian project by purchasing 72,521,134 shares of the company.
Tiomin Resources was licensed 10 years ago, but it immediately ran into financial difficulties forcing it to put the project in abeyance. Citing cost overruns due to delays in land settlement agreements, and lowered titanium prices on the international market, the company has repeatedly said the threats could bring down curtains on the first major mining project at the coast, which carried a prospect of bringing in billions of shillings in foreign exchange and providing employment opportunities for hundreds of people.
The company said it had suffered a Sh2.7 billion ($40 million) increase in project maintenance cost, including Sh300 million paid to some four contractors as contract closure fees. Tiomin ended contracts with engineers and local mining experts it had engaged because of delays as farmers launched a series of litigation, protesting at what they said was poor compensation for their land.
This year, the company’s North American lenders withdrew a Sh10.7 billion debt facility that further hamstrung the firm’s work. But yesterday, Mr Ndaa was upbeat on the beginning of mining. “We are likely to see work starting at the last quarter of the year,’’ he said.
autom. Übersetzung:
Tiomin Schlag-Fortschritt Abkommen für das Kwale Titan, das durch Jim Onyango kanadische Mineralerforschungunternehmen Tiomin Betriebsmittel geschrieben wird, sagt, daß es bereits die Titanmineralien verkauft hat, die es zu meinen in Kenia zu fünf internationalen Unternehmen sechs Monate vor dem Anfang des gewinnenprojektes plant.
Unter den Firmen, die die Titanablagerungen gekauft haben - die bis 14 Prozent der Weltgesamtmenge hinzufügen - ist- Jinchuan Gruppe, ein dominierender Produzent des Nickels und andere niedrige und kostbare Metalle in China.
Vor das chinesische staatliche Unternehmen kaufte eine 20-Prozent-Stange in den Tiomin Betriebsmitteln zwei Wochen. Entsprechend Jennings Kapital errichtet eine kanadische Firma der finanziellen Services, Jinchuan einen Titanbetrieb in China, das schwer auf dem Vorrat beruht, der durch das Kwale Projekt produziert wird.
eschäft Tageszeitung kann nicht die anderen vier Unternehmen wegen der vertraulichen Natur der Verträge erwähnen, die mit Tiomin unterzeichnet werden.
Jedoch sagte Herr Peter Ndaa, der Finanzdirektor von Tiomin Kenia, eine insgesamt besessene Tochtergesellschaft der Tiomin Betriebsmittel, daß die internationalen Firmen ausschließliche Rechte unterzeichnet hatten, das Titan zu kaufen, das erwartet wurde, von Kwale geschaufelt zu werden, das im letzten Viertel des Jahres beginnt.
Die finanziellen Details, welche die Kaufverträge mit einbeziehen, kommen ans Licht, wenn die Firmen Kwale am Jahresende besuchen. Die Kwale Mineralsande werden geschätzt, um ungefähr 3.2 Milliarde Tonnen des Titans oder 14 Prozent der bekannten Betriebsmittel der Welt zu halten.
Das Mineral wird benutzt, um Raumfahrzeugmetalle für niedriges Gewicht, Stärke und Hochtemperaturstabilität zu legieren. Titanlegierungen werden auch benutzt, um Teile für Flugkörper und Schiffe zu bilden.
Besagter Herr Ndaa: „Wir haben bereits einen Markt für unser Titan. Es ist verkauft worden, bevor der Bergbau beginnen könnte.“ Leitung Polizeioffiziere vor kurzem zogen auf die Kwale Eigenschaft um und vertrieben Familien gewaltsam, die abgelehnt hatten, das Land zu verlassen, zugeteilt durch die Regierung für das gewinnenprojekt und einen neuen Stoß bedeutet, um Betriebe in einem Projekt anzufangen, das in den Arbeiten für eine Dekade Jahre gewesen ist.
Die Firma sagt, daß sie einen durchdachten Wiedereinsetzung- und Ausgleichsentwurf für betroffene Familien ausgearbeitet hat. Während einige den finanziellen Ausgleich bei Gericht herausforderten, wurden ihre Fälle entlassen.
Tiomin hat seinen finanziellen Muskel mit der Eintragung von Jinchuan aufgebaut. Die Firma pumpte Sh647 Million in das kanadische Projekt, indem sie 72.521.134 Anteile der Firma kaufte. Vor Tiomin Betriebsmittel wurden 10 Jahren genehmigt, aber es lief sofort in die finanziellen Schwierigkeiten, die es zwingen, um das Projekt in Unentschiedenheit einzusetzen.
Das Zitieren der Kostenüberschreitungen, die zu passend sind, verzögert in den LandAbfindungsverträgen, und gesenkte Titanpreise auf dem Weltmarkt, die Firma hat wiederholt gesagt, daß die Drohungen Vorhänge auf dem ersten Hauptgewinnenprojekt an der Küste senken konnten, die eine Aussicht des Holens in Milliarden Schillinge im Devisenkurs und des Zur Verfügung stellens der Beschäftigungsmöglichkeiten für Hunderte Leute trug. Die Firma sagte, daß sie eine ($40 Million) Zunahme Sh2.7 Milliarde der ProjektUnterhaltungskosten, einschließlich Sh300 erlitten hatte Million, das zu ca. vier Fremdfirmen als Vertrag Schliessengebühren gezahlt wurde.
Tiomin beendete Verträge mit Ingenieuren und lokalen gewinnenexperten, die es sich wegen engagiert hatte, verzögert, während Landwirte eine Reihe des Rechtsstreites ausstießen und protestiert an, was sie waren schlechter Ausgleich für ihr Land sagten.
Dieses Jahr, nahmen die nordamerikanischen kreditgebenden Stellen der Firma einen Service der Schuld Sh10.7 Milliarde zurück, dem weiter die Arbeit des Unternehmens lähmte. Aber gestern, war Herr Ndaa auf dem Anfang des Bergbaus positiv. „Wir sind wahrscheinlich, Arbeit zu sehen, am letzten Viertel des Jahres zu beginnen,'' sagte er.
Da scheint sich ja was zu tun mit dem Projekt und den Aktivitäten in Kenia.
The following article is taken from the MiningWeekly website. It's a couple of weeks old but it has a valuation for the Kwale Titanium project. Any comments on this valuation?
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Kwale titanium mineral-sands project
By: Sheila Barradas
Published: 27 Apr 07 - 0:00
Name and location
Kwale titanium mineral-sands project, Kenya
Project description
Tiomin Resources has bought about 100 acres of land in proximity to the Central Dune area of the Kwale titanium project, in Kenya, for the construction of gravity- and minerals-processing plants. The processing plant will comprise the feed-preparation circuit, rutile dry circuit and zircon wet and dry circuits and will be permanently established adjacent to the wet plant at the Central Dune. The plant will be designed to receive up to 80 t/h of heavy-metal concentrate, reaching an annual projected production rate of 330 000 t/y of ilmenite, 75 000 t/y of rutile and 40 000 t/y of zircon.
Infrastructure to and from the proposed plant site is excellent with the main Mombasa coastal highway. The company has already acquired all the surface area needed for construction of the ship-loading facility at Likoni, on the south side of Mombasa harbour. In addition, the presence of a large oil refinery in Mombasa is another significant benefit to the project. The project has the potential to be one of the lowest-cost titanium-mining operations in the world, generating operating cash flow of over $35-million a year for the first six years of operation.
Value
$229-million.
Duration
Production start-up is expected in October 2007. The company has signed a 21-year special renewable lease with the government of Kenya. The Central Dune will be mined over the first six years, then the company will move to the South Dune for a similar period.
Breakdown of main contracts
Not stated.
Client
Tiomin Resources.
Latest developments
Tiomin Resources and the Jinchuan Group of China have entered into a memorandum of understanding to finance and expedite the development of the Kwale mineral-sands project. According to a statement issued by the company, Jinchuan is investing about C$10,9-million in Tiomin by buying 72 521 134 common shares of the company at C$0,15c a share.
Participants
SRK Consulting and Barclays Capital; Standard Chartered Bank, West LB and Caterpillar Finance (underwriters); Ausenco International (main contractor - detailed design and engineering); Alstom SA (power station) and Lamco (port facility).
Construction materials
Not stated.
On budget and on time?
Too early to state.
Contact details for project information
Tiomin Resources, tel 091 416 350 3779,
fax 091 416 350 3570 or
email info@tiomin.com.
The following article is taken from the MiningWeekly website. It's a couple of weeks old but it has a valuation for the Kwale Titanium project. Any comments on this valuation?
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Kwale titanium mineral-sands project
By: Sheila Barradas
Published: 27 Apr 07 - 0:00
Name and location
Kwale titanium mineral-sands project, Kenya
Project description
Tiomin Resources has bought about 100 acres of land in proximity to the Central Dune area of the Kwale titanium project, in Kenya, for the construction of gravity- and minerals-processing plants. The processing plant will comprise the feed-preparation circuit, rutile dry circuit and zircon wet and dry circuits and will be permanently established adjacent to the wet plant at the Central Dune. The plant will be designed to receive up to 80 t/h of heavy-metal concentrate, reaching an annual projected production rate of 330 000 t/y of ilmenite, 75 000 t/y of rutile and 40 000 t/y of zircon.
Infrastructure to and from the proposed plant site is excellent with the main Mombasa coastal highway. The company has already acquired all the surface area needed for construction of the ship-loading facility at Likoni, on the south side of Mombasa harbour. In addition, the presence of a large oil refinery in Mombasa is another significant benefit to the project. The project has the potential to be one of the lowest-cost titanium-mining operations in the world, generating operating cash flow of over $35-million a year for the first six years of operation.
Value
$229-million.
Duration
Production start-up is expected in October 2007. The company has signed a 21-year special renewable lease with the government of Kenya. The Central Dune will be mined over the first six years, then the company will move to the South Dune for a similar period.
Breakdown of main contracts
Not stated.
Client
Tiomin Resources.
Latest developments
Tiomin Resources and the Jinchuan Group of China have entered into a memorandum of understanding to finance and expedite the development of the Kwale mineral-sands project. According to a statement issued by the company, Jinchuan is investing about C$10,9-million in Tiomin by buying 72 521 134 common shares of the company at C$0,15c a share.
Participants
SRK Consulting and Barclays Capital; Standard Chartered Bank, West LB and Caterpillar Finance (underwriters); Ausenco International (main contractor - detailed design and engineering); Alstom SA (power station) and Lamco (port facility).
Construction materials
Not stated.
On budget and on time?
Too early to state.
Contact details for project information
Tiomin Resources, tel 091 416 350 3779,
fax 091 416 350 3570 or
email info@tiomin.com.
Antwort auf Beitrag Nr.: 29.326.411 von jensdab am 15.05.07 15:40:30sieht meines Erachtens alles ganz gut aus, honoriert der Markt aber leider (noch) nicht!
Antwort auf Beitrag Nr.: 29.352.534 von jaffa am 17.05.07 00:43:00Das wird sich aber bald positiv verändern - Tiomin ist halt ein Explorer, bei dem man viel Geduld braucht.
Bei der nächsten erfolgreichen Meldung wird die Seitwärtsbewegung nach oben beginnen.
Bei der nächsten erfolgreichen Meldung wird die Seitwärtsbewegung nach oben beginnen.
Antwort auf Beitrag Nr.: 29.357.236 von jensdab am 17.05.07 14:33:59Und ich denke, dass wir bzgl. Kwale bald mit News rechnen können
Antwort auf Beitrag Nr.: 29.363.909 von jaffa am 17.05.07 21:30:16Heute war ein posting im Bullboard:
Check out the link below, is this in German? Does this mean there are German investors following this stock?
http://www.wallstreet-online.de/community/thread/1111194-1.h…
Habe daraufhin mich beim kanadischen Bullboard angemeldet, um mitzuteilen, das es noch andere Tiomin Investoren gibt und bestätigt, das es tatsächlich Leute gibt, die die Aktivitäten von Tiomin verfolgen.
Jetzt kann ich ab und zu direkt mit denen kommunizieren.
Check out the link below, is this in German? Does this mean there are German investors following this stock?
http://www.wallstreet-online.de/community/thread/1111194-1.h…
Habe daraufhin mich beim kanadischen Bullboard angemeldet, um mitzuteilen, das es noch andere Tiomin Investoren gibt und bestätigt, das es tatsächlich Leute gibt, die die Aktivitäten von Tiomin verfolgen.
Jetzt kann ich ab und zu direkt mit denen kommunizieren.
Antwort auf Beitrag Nr.: 29.427.803 von jensdab am 22.05.07 23:49:33Wie ich soeben gelesen habe, wurde der Tiomin thread heute 56 mal gelesen, da haben sich etliche kanadische user mal hereingeklickt.
gelesen, da haben sich etliche kanadische user mal hereingeklickt.
In case some canadian visitors are interested to see the German Tiomin chart in Euro:
Antwort auf Beitrag Nr.: 29.427.959 von jensdab am 23.05.07 00:08:27Hab´s gestern abend auch schon gelesen. Click eigentlich jeden Abend das BULLBOARD an. Denke, hier bringt man über kanadische Explorer mehr in Erfahrung. Immer ganz informativ, was dort geschrieben wird.
Musste aber fast lachen. Hat sich ja nach totaler Aufregung angehört, dass hier auch 2-3 Leute Tiomin auf dem Zettel haben. Die Holzfeller können das wohl kaum glauben
Denke, die Zeit müsste mal wieder reif sein für ein paar neue Meldungen?!?
Musste aber fast lachen. Hat sich ja nach totaler Aufregung angehört, dass hier auch 2-3 Leute Tiomin auf dem Zettel haben. Die Holzfeller können das wohl kaum glauben
Denke, die Zeit müsste mal wieder reif sein für ein paar neue Meldungen?!?
Antwort auf Beitrag Nr.: 29.427.959 von jensdab am 23.05.07 00:08:27Guten Abend.
Erstmal Hut ab vor Deinem Englisch. Liest sich gut
Schön von Dir, dass Du mich bei den Kanadiern erwähnt hast
Denke, dass es gut ist, dass wir zum einen dieses Board verfolgen und zum zweiten, dass Du jetzt dort present bist. Vielleicht bekommen wir hier mehr Infos bzw. Nachrichten mit, weil die Jungs und Mädels viel näher dran sind. Ne BM hast ja schon bekommen. Also weiter so. Denke wir werden noch viel Freude mit TIO haben. Gruss
Erstmal Hut ab vor Deinem Englisch. Liest sich gut
Schön von Dir, dass Du mich bei den Kanadiern erwähnt hast
Denke, dass es gut ist, dass wir zum einen dieses Board verfolgen und zum zweiten, dass Du jetzt dort present bist. Vielleicht bekommen wir hier mehr Infos bzw. Nachrichten mit, weil die Jungs und Mädels viel näher dran sind. Ne BM hast ja schon bekommen. Also weiter so. Denke wir werden noch viel Freude mit TIO haben. Gruss
Antwort auf Beitrag Nr.: 29.443.908 von jaffa am 23.05.07 22:56:14Hallo jaffa,
ja, die Kanadier sind wirklich interessiert an den deutschen Aktivitäten und sehr freundlich.
Meine Englischkenntnisse habe ich hauptsächlich auf meinen vielen Auslandsreisen gelernt, außerdem habe ich mal 1 Jahr lang in Indien klassische indische Musik studiert- und als Musiker hat man gleichzeitig ein gutes Ohr für Sprachen.
Habe mal versucht, in Berlin eine Order zu plazieren, aber das hat natürlich nicht geklappt. Hab auch kaum damit gerechnet.
Auch in Kanada hab ich versucht, was für 0,12 Can. $ zu bekommen, aber der Briefkurs war 0,13 evtl. 0,125.
Bei der Dab-Bank wurde die 0,125 nicht akzeptiert, nur volle limits wie 0,13.
Werde weiterhin in Kanada versuchen zu ordern, falls es noch mal etwas runter gehen sollte. Umsätze sind etwas gestiegen.
so long und Gruß
ja, die Kanadier sind wirklich interessiert an den deutschen Aktivitäten und sehr freundlich.
Meine Englischkenntnisse habe ich hauptsächlich auf meinen vielen Auslandsreisen gelernt, außerdem habe ich mal 1 Jahr lang in Indien klassische indische Musik studiert- und als Musiker hat man gleichzeitig ein gutes Ohr für Sprachen.
Habe mal versucht, in Berlin eine Order zu plazieren, aber das hat natürlich nicht geklappt. Hab auch kaum damit gerechnet.
Auch in Kanada hab ich versucht, was für 0,12 Can. $ zu bekommen, aber der Briefkurs war 0,13 evtl. 0,125.
Bei der Dab-Bank wurde die 0,125 nicht akzeptiert, nur volle limits wie 0,13.
Werde weiterhin in Kanada versuchen zu ordern, falls es noch mal etwas runter gehen sollte. Umsätze sind etwas gestiegen.
so long und Gruß
Antwort auf Beitrag Nr.: 29.444.434 von jensdab am 24.05.07 00:21:13Was genau muss passieren, dass in Berlin ein Handel stattfinden kann? Stücke in Kanada kaufen und hier zum Kauf anbieten??
Antwort auf Beitrag Nr.: 29.459.431 von jaffa am 24.05.07 23:20:19Weiß ich auch nicht, aber es musste Verkäufer geben, damit ein Handel stattfindet. Ich glaube nicht, das ich meine Teile, die ja in Kanad. Dollars notiert werden, einfach in Berlin verkaufen kann in Euro. Da spielt die Währung ja auch eine Rolle.
Habe noch mal zugegriffen mit 0,125 C$, hat über 1 Stunde gedauert, dann waren die Tiomin Aktien eingebucht. Hatte in Berlin gestern schon vergeblich versucht, eine Order zu plazieren. Da läüft gar nichts!!
Habe kürzlich einen 300%igen Gewinn realisiert mit einem Optionsschein auf den Hang Seng China Enterprises Index, dadurch wurde Geld frei und ich habe ihn sicher gut wieder bei Tiomin investiert.
Ich denke, das der Kurs nicht mehr wesentlich fallen wird.
Nachdem ich mich eingedeckt habe, kann es dann endlich losgehen mit den news und der Aufwärtsbewegung.
Ich wollte nicht verpassen, wenn der Anstieg beginnt. Sonst hätt ich mich sonst wahrscheinlich geärgert.
Habe noch mal zugegriffen mit 0,125 C$, hat über 1 Stunde gedauert, dann waren die Tiomin Aktien eingebucht. Hatte in Berlin gestern schon vergeblich versucht, eine Order zu plazieren. Da läüft gar nichts!!
Habe kürzlich einen 300%igen Gewinn realisiert mit einem Optionsschein auf den Hang Seng China Enterprises Index, dadurch wurde Geld frei und ich habe ihn sicher gut wieder bei Tiomin investiert.
Ich denke, das der Kurs nicht mehr wesentlich fallen wird.
Nachdem ich mich eingedeckt habe, kann es dann endlich losgehen mit den news und der Aufwärtsbewegung.
Ich wollte nicht verpassen, wenn der Anstieg beginnt. Sonst hätt ich mich sonst wahrscheinlich geärgert.
Rege Kaufaktivität in Kanada. Da scheinen auch einige größere Investoren einzustiegen, die haben wohl Lunte gerochen, das bald was im Busch ist.
Außerdem ist heute der Markt ziemlich bullish, da ist Tiomin etwas mitgezogen, ich merke es an meinem Depot, das sehr rohstofflastig und energielastig ist mit 2,60 % im Plus. Davon trug Nordex und Phönix Sonnenstrom AG den Hauptteil. Nordex profitiert von Übernahmespekulationen.
Bin gespannt wann die erwartete allgemeine Korrektur einsetzen wird.
Hab versucht noch einmal zu ordern für 0,13 C $, dann ist der Kurs nach oben gedreht, hoffentlich ist es nicht zu spät. Versuche es dann noch mal nach einem Rücksetzer.
Ich denke, das wir bald die 0,15 erreichen werden. Auch im Bullboard steigt die Stimmung für Tiomin.
Alle schauen gespannt auf die Hauptversammlung und was dort beschlossen wird.
Außerdem ist heute der Markt ziemlich bullish, da ist Tiomin etwas mitgezogen, ich merke es an meinem Depot, das sehr rohstofflastig und energielastig ist mit 2,60 % im Plus. Davon trug Nordex und Phönix Sonnenstrom AG den Hauptteil. Nordex profitiert von Übernahmespekulationen.
Bin gespannt wann die erwartete allgemeine Korrektur einsetzen wird.
Hab versucht noch einmal zu ordern für 0,13 C $, dann ist der Kurs nach oben gedreht, hoffentlich ist es nicht zu spät. Versuche es dann noch mal nach einem Rücksetzer.
Ich denke, das wir bald die 0,15 erreichen werden. Auch im Bullboard steigt die Stimmung für Tiomin.
Alle schauen gespannt auf die Hauptversammlung und was dort beschlossen wird.
aus dem bullboard:
10 reasons why that is the best penny stock
1- closing of the private placement this month
2- the chinese may attend the meeting
3- the chinese are going to Kenya later this month
4- the resource estimate for thr S.American project is coming in August
5- 24 million cash + $10.9 from Jinchuan ( the 10.9 million is expected to be invested in Kenya) and the rest of the money to be used to acquire other projects (maybe nickel!!! who knows)
6- kwaele project holds 14% of the worlds deposit
7- Chinese are really serious about getting this project into production and they already have a ti sponge plant waiting for tiomin production
8- construction costs are a lot less than the previous Australian construction company (pay less for material and less for labour from china)
9- 24% of Tiomin is institutional holdings
10- only 54 million market cap with 24 million cash
automatische Übersetzung:
Gründe, warum die die besten Billigaktien ist
1 - Schließen der Privatplazierung dieser Monat
2 - der Chinese kann die Sitzung sich sorgen
3 - die Chinesen gehen nach Kenia später dieser Monat
4 - die Hilfsmittelschätzung für thr südamerikanisches Projekt kommt im August
5 - 24 Million Bargeld + $10.9 von Jinchuan (das 10.9 Million wird erwartet, in Kenia investiert zu werden) und der Rest des, andere Projekte zu erwerben verwendet zu werden Geldes (möglicherweise vernickeln!!! wer weiß)
6 - kwaele Projekt hält 14% der Weltablagerung
7 - Chinesen sind über das Erhalten dieses Projektes in Produktion wirklich ernst und sie haben bereits eine Tischwammbetriebswartetiomin Produktion
8 - Aufbaukosten sind viel kleiner als das vorhergehende australische Bauunternehmen (Bezahlung weniger für Material und kleiner für Arbeit vom Porzellan)
9 - 24% von Tiomin ist Institutionsholdings 10 - nur 54 Million Marktkappe mit 24 Million Bargeld
10 reasons why that is the best penny stock
1- closing of the private placement this month
2- the chinese may attend the meeting
3- the chinese are going to Kenya later this month
4- the resource estimate for thr S.American project is coming in August
5- 24 million cash + $10.9 from Jinchuan ( the 10.9 million is expected to be invested in Kenya) and the rest of the money to be used to acquire other projects (maybe nickel!!! who knows)
6- kwaele project holds 14% of the worlds deposit
7- Chinese are really serious about getting this project into production and they already have a ti sponge plant waiting for tiomin production
8- construction costs are a lot less than the previous Australian construction company (pay less for material and less for labour from china)
9- 24% of Tiomin is institutional holdings
10- only 54 million market cap with 24 million cash
automatische Übersetzung:
Gründe, warum die die besten Billigaktien ist
1 - Schließen der Privatplazierung dieser Monat
2 - der Chinese kann die Sitzung sich sorgen
3 - die Chinesen gehen nach Kenia später dieser Monat
4 - die Hilfsmittelschätzung für thr südamerikanisches Projekt kommt im August
5 - 24 Million Bargeld + $10.9 von Jinchuan (das 10.9 Million wird erwartet, in Kenia investiert zu werden) und der Rest des, andere Projekte zu erwerben verwendet zu werden Geldes (möglicherweise vernickeln!!! wer weiß)
6 - kwaele Projekt hält 14% der Weltablagerung
7 - Chinesen sind über das Erhalten dieses Projektes in Produktion wirklich ernst und sie haben bereits eine Tischwammbetriebswartetiomin Produktion
8 - Aufbaukosten sind viel kleiner als das vorhergehende australische Bauunternehmen (Bezahlung weniger für Material und kleiner für Arbeit vom Porzellan)
9 - 24% von Tiomin ist Institutionsholdings 10 - nur 54 Million Marktkappe mit 24 Million Bargeld
Antwort auf Beitrag Nr.: 29.620.726 von jensdab am 03.06.07 23:01:47Könnte echt was werden. Reges Kaufinteresse. Sollte ich auch mal das Schwein haben und bei einem absoluten Highflyer von Anfang an dabei zu sein??
Hab mal ne Frage: in D findet ja kein Handel statt, da niemand seine Stücke verkauft. Wenn ich meine für € 10,00/Stck. z. Bsp. reinstelle und einer kauft unlimitiert, müssten die doch für € 10,00 weg gehen - oder?
Hab mal ne Frage: in D findet ja kein Handel statt, da niemand seine Stücke verkauft. Wenn ich meine für € 10,00/Stck. z. Bsp. reinstelle und einer kauft unlimitiert, müssten die doch für € 10,00 weg gehen - oder?
Antwort auf Beitrag Nr.: 29.631.944 von jaffa am 04.06.07 16:47:34theoretisch wäre das möglich, weiß aber nicht wie das ist, da Du ja auch wahrscheinlich mit limit von 10 € verkaufen würdest.
Aber ich denke, das zu diesem Zeitpunkt wo es hoch geht niemand verkaufen wird und bei einem so engen Wert wird keiner ohne limit ordern.
Ja, jaffa - ich glaube Du hast das Glück, dabei zu sein bei dem Aufwärtsschub.
Freu Dich, das Du bald wieder Deinen Einstandspreis erreichen kannst und dann endlich die Gewinne kommen.!
Ich hab nicht erwartet, das es jetzt plötzlich so stark ansteigt und so schnell. Habe noch heute für einen Bekannten eine Order plaziert für 0,145 C$, weiß aber nicht, ob der was bekommt.
Ich wollte eigentlich auch noch mal nachlegen, aber der Zug scheint abzufahren.... ins Grünland hoffentlich!!!
Anstieg 10,34 % auf 0,16 C$ mit 6.8 Mio. Volumen
Aber ich denke, das zu diesem Zeitpunkt wo es hoch geht niemand verkaufen wird und bei einem so engen Wert wird keiner ohne limit ordern.
Ja, jaffa - ich glaube Du hast das Glück, dabei zu sein bei dem Aufwärtsschub.
Freu Dich, das Du bald wieder Deinen Einstandspreis erreichen kannst und dann endlich die Gewinne kommen.!
Ich hab nicht erwartet, das es jetzt plötzlich so stark ansteigt und so schnell. Habe noch heute für einen Bekannten eine Order plaziert für 0,145 C$, weiß aber nicht, ob der was bekommt.
Ich wollte eigentlich auch noch mal nachlegen, aber der Zug scheint abzufahren.... ins Grünland hoffentlich!!!
Anstieg 10,34 % auf 0,16 C$ mit 6.8 Mio. Volumen
Antwort auf Beitrag Nr.: 29.633.279 von jensdab am 04.06.07 18:01:43Wäre echt mal der Hammer bei einem sagen wir mal 2000%-3000% dabei zu sein. Wer weiss, wer weiss? Kann mal sehr schnell gehen. Ist aber übel, dass hier kein Handel statt findet. Normalerweise bietet sich dann Deutschland und Kanada oder USA ein Rennen, da keiner hinterher hinken will und jeder Angst hat, den Zug zu verpassen. Wir werden sehen, was da noch kommt. Gehe aber davon aus, dass demnächst ne Hammermeldung kommen dürfte. Viel Glück uns beiden noch
Kann mal sehr schnell gehen. Ist aber übel, dass hier kein Handel statt findet. Normalerweise bietet sich dann Deutschland und Kanada oder USA ein Rennen, da keiner hinterher hinken will und jeder Angst hat, den Zug zu verpassen. Wir werden sehen, was da noch kommt. Gehe aber davon aus, dass demnächst ne Hammermeldung kommen dürfte. Viel Glück uns beiden noch
Hallo jaffa,
Das sieht heut richtig gut aus.
Schlusskurs in Toronto: 0.165 C$ + 13,8 %
mit ordentlichem Volumen von 10,12 Mio. davon hauptsächlich Käufe.
Hätte ich nicht vermutet, dass es so schnell nach oben geht.
Wollte eigentlich noch mal nachlegen, aber vielleicht geht es noch mal runter bis zum Aktionärstreffen am 11.6.07.
Über das TIO Bullboard hab ich noch von einem anderen Explorer Wert erfahren, der ähnlich aussichtsreich wie Tiomin sein soll und noch günstig zu haben ist. Wenn Tiomin weiter steigt, investiere ich dort noch was.
Der Explorer heißt IBI Corporation IBI.V WKN: A0CAJ6
Projekte in Uganda mit Gold und Uran.
Hat eine geringe Marktkapitalisierung und ist noch günstig 0,05 C$.
Da sollen in den nächsten 2 Monaten wichtige Nachrichten kommen.
Falls Interesse sende ich Dir noch Details per board mail, die habe ich auch in meiner inbox in Kanada bekommen.
Bin gespannt was die nächsten Nachrichten von Tiomin bringen werden. Das wird auf jeden Fall richtungsweisend für den Erfolg des Kwale Projektes.
Das sieht heut richtig gut aus.
Schlusskurs in Toronto: 0.165 C$ + 13,8 %
mit ordentlichem Volumen von 10,12 Mio. davon hauptsächlich Käufe.
Hätte ich nicht vermutet, dass es so schnell nach oben geht.
Wollte eigentlich noch mal nachlegen, aber vielleicht geht es noch mal runter bis zum Aktionärstreffen am 11.6.07.
Über das TIO Bullboard hab ich noch von einem anderen Explorer Wert erfahren, der ähnlich aussichtsreich wie Tiomin sein soll und noch günstig zu haben ist. Wenn Tiomin weiter steigt, investiere ich dort noch was.
Der Explorer heißt IBI Corporation IBI.V WKN: A0CAJ6
Projekte in Uganda mit Gold und Uran.
Hat eine geringe Marktkapitalisierung und ist noch günstig 0,05 C$.
Da sollen in den nächsten 2 Monaten wichtige Nachrichten kommen.
Falls Interesse sende ich Dir noch Details per board mail, die habe ich auch in meiner inbox in Kanada bekommen.
Bin gespannt was die nächsten Nachrichten von Tiomin bringen werden. Das wird auf jeden Fall richtungsweisend für den Erfolg des Kwale Projektes.
Aus dem kanad. bullboard:
Gute Übersicht über den Wert der Projekte von Tiomin.
http://www.stockhouse.ca/bullboards/wraplink.asp?url=www.tio…
The following is from Tiomin's website. If I understand correctly, the cash flow of K Sh 10 billion from this report:
http://www.tiomin.com/s/Articles.asp?ReportID=20427&_Type=Ar…" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/s/Articles.asp?ReportID=20427&_Type=Ar…
does not include the north dunes with an indicated resource of 102 Mt averaging 2.4% THM.
We need to find out from the AGM what the projected cash flow will be for the north dunes, Kilifi project and the Mambrui project in order to properly place a value on TIO.
____________________________________________________________________
Mineral Reserves of Kwale:
The North Dune, which has not yet been included in the production plan, is
capped by a low-grade surface layer that can be stripped prior to mining. The
North Dune is 2 km long and 500-1,000 m wide with ore extending to depths of up
to 66 m. The deposit contains an indicated resource of 102 Mt averaging 2.4% THM.
Tiomin hält sich ja ganz gut trotz des allgemeinen Ausverkaufs!
Gute Übersicht über den Wert der Projekte von Tiomin.
http://www.stockhouse.ca/bullboards/wraplink.asp?url=www.tio…
The following is from Tiomin's website. If I understand correctly, the cash flow of K Sh 10 billion from this report:
http://www.tiomin.com/s/Articles.asp?ReportID=20427&_Type=Ar…" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/s/Articles.asp?ReportID=20427&_Type=Ar…
does not include the north dunes with an indicated resource of 102 Mt averaging 2.4% THM.
We need to find out from the AGM what the projected cash flow will be for the north dunes, Kilifi project and the Mambrui project in order to properly place a value on TIO.
____________________________________________________________________
Mineral Reserves of Kwale:
The North Dune, which has not yet been included in the production plan, is
capped by a low-grade surface layer that can be stripped prior to mining. The
North Dune is 2 km long and 500-1,000 m wide with ore extending to depths of up
to 66 m. The deposit contains an indicated resource of 102 Mt averaging 2.4% THM.
Tiomin hält sich ja ganz gut trotz des allgemeinen Ausverkaufs!
Der Markt für Titanmineralien wächst durch 5-8% sagt jährlich
Handelsforschung u. beratene Ltd. NewswireToday - /newswire/ - Limassol, Zypern, 05/30/2007 -
entsprechend Handelsforschung u. beratener Ltd. beratener Agentur, war die durchschnittliche Nachfrage-Wachstumsrate des Jahrbuches TiO2 2003-2006 herum 2%.
Titanmarkt wird prognostiziert, um beständig zu bleiben; die Nachfrage nach ihr fährt fort zu steigen. Titanmineralien werden hauptsächlich für die Produktion des Titandioxids benutzt, während ihr etwas für die Herstellung des metallischen Titans und seiner Chemikaliemittel eingesetzt wird.
Ungefähr 94% von Titanmineralviehbestandproduktion wird in der Produktion des Titanpigments des dioxids (TiO2), hauptsächlich für Gebrauch in den Schichten, im Plastik und in den Papierindustrien verbraucht.
Infolgedessen beeinflußt das Verhalten in diesen Industrien Titanviehbestandproduzenten. Die Marktaussicht für Titanmineralien, Ilmenit und Rutil, ist positiv, Auftrieb gegeben durch starkes Wachstum in allen Verwendungsektoren.
Der Pigmentsektor, der bei weitem der größte Bestandteil der Nachfrage ist, wird prognostiziert, um mit einer durchschnittlichen zusammengesetzten jährlichen Rate von 3% bis 2015 zu wachsen mindestens.
Spekulanten meinen, daß Versorgungsmaterialien TiO2 erhöht werden sollten, da die Nachfrage nach diesem Produkt schneller als die Kapazität wächst (NachfrageWachstumsrate ist 2-3% pro Jahr). TiO2-producing Länder (die USA und das Westeuropa) dienen als seine Hauptverbraucher.
Ilmenitproduktion wird folgendermaßen verteilt: Australien - 46%, Norwegen - 13%, Ukraine - 12%, USA - 8%, Indien - 8%, China - 4%, REIHE - 9%. Die Aussicht für Ilmenitpotential Kazakhstans scheint helle dank große natürliche Reserven von 60m Millitorr von Ilmenit. Ilmenit ist wertvolles Erz für die Produktion des Titans und seiner Ableitungen, die weit in der Metallurgie, in der Chemikalie und in anderen Industrien angewendet werden. Titandioxid ist das natürlich vorkommende Mineral, das in zwei Hauptformen gefunden wird: Rutil und anatase.
Titandioxid hat eine Vielzahl des Gebrauches, da es geruchlos und saugfähig ist. Dieses Mineral kann in vielen Produkten gefunden werden und von Farbe zu Nahrung bis zu Kosmetik reichen. In den Kosmetik dient es einige Zwecke.
Es ist ein weißes Pigment, ein Trübungsmittel und a sunscreen. Dieser Marktforschungreport kennzeichnet auch die folgenden Informationen:
• Ein überblick über den globalen Markt für Ilmenit und anderes Titan; • Preise für Titanmineralien; • Ilmenitmarkt in den DIESSEITS Ländern; • Zukünftige Ilmenitverbraucher; etc.
Origianl Quelle in Englisch:
http://www.newswiretoday.com/news/18844/
Preise für Titanium steigen
DuPont Titanium Technologies Announces a Price Increase for Ti-Pure(R) Titanium Dioxide Products in Europe, Middle East and Africa
Posted : Mon, 04 Jun 2007 10:08:01 GMT
Author : DuPont Titanium Technologies
WILMINGTON, Del., June 4 /PRNewswire-FirstCall/ -- DuPont Titanium Technologies today announced a price increase for all DuPont(TM) Ti-Pure(R) titanium dioxide grades sold in Europe, Middle East and Africa regions.
Effective July 1, 2007, or as permitted by contract, prices for all titanium dioxide grades will increase 80 Euros per metric ton in Europe and Africa regions and increase $120 per metric ton in the Middle East region.
This increase is consistent with the global price increase actions announced by DuPont and is supported by current improving economic conditions, strong TiO2 global demand and significant increases in raw material, energy and fuel costs, as well as reinvestment economics to meet future customer needs.
DuPont Titanium Technologies is the world's largest manufacturer of titanium dioxide, serving customers globally in the coatings, paper and plastics industries.
The company operates plants at DeLisle, Miss.; New Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and Kuan Yin, Taiwan; all of which use the chloride manufacturing process.
The company also operates a plant in Uberaba, Brazil, for finishing titanium dioxide and a mine in Starke, Fla. Technical service centers are located in Uberaba, Brazil; Mexico City, Mexico; Mechelen, Belgium; Kuan Yin, Taiwan; Ulsan, Korea; Shanghai, China; and Wilmington, Del., to serve the Latin American, European, Middle Eastern, Asian and North American markets.
Quelle:
http://www.earthtimes.org/articles/show/news_press_release,1…" target="_blank" rel="nofollow ugc noopener">
http://www.earthtimes.org/articles/show/news_press_release,1…
Handelsforschung u. beratene Ltd. NewswireToday - /newswire/ - Limassol, Zypern, 05/30/2007 -
entsprechend Handelsforschung u. beratener Ltd. beratener Agentur, war die durchschnittliche Nachfrage-Wachstumsrate des Jahrbuches TiO2 2003-2006 herum 2%.
Titanmarkt wird prognostiziert, um beständig zu bleiben; die Nachfrage nach ihr fährt fort zu steigen. Titanmineralien werden hauptsächlich für die Produktion des Titandioxids benutzt, während ihr etwas für die Herstellung des metallischen Titans und seiner Chemikaliemittel eingesetzt wird.
Ungefähr 94% von Titanmineralviehbestandproduktion wird in der Produktion des Titanpigments des dioxids (TiO2), hauptsächlich für Gebrauch in den Schichten, im Plastik und in den Papierindustrien verbraucht.
Infolgedessen beeinflußt das Verhalten in diesen Industrien Titanviehbestandproduzenten. Die Marktaussicht für Titanmineralien, Ilmenit und Rutil, ist positiv, Auftrieb gegeben durch starkes Wachstum in allen Verwendungsektoren.
Der Pigmentsektor, der bei weitem der größte Bestandteil der Nachfrage ist, wird prognostiziert, um mit einer durchschnittlichen zusammengesetzten jährlichen Rate von 3% bis 2015 zu wachsen mindestens.
Spekulanten meinen, daß Versorgungsmaterialien TiO2 erhöht werden sollten, da die Nachfrage nach diesem Produkt schneller als die Kapazität wächst (NachfrageWachstumsrate ist 2-3% pro Jahr). TiO2-producing Länder (die USA und das Westeuropa) dienen als seine Hauptverbraucher.
Ilmenitproduktion wird folgendermaßen verteilt: Australien - 46%, Norwegen - 13%, Ukraine - 12%, USA - 8%, Indien - 8%, China - 4%, REIHE - 9%. Die Aussicht für Ilmenitpotential Kazakhstans scheint helle dank große natürliche Reserven von 60m Millitorr von Ilmenit. Ilmenit ist wertvolles Erz für die Produktion des Titans und seiner Ableitungen, die weit in der Metallurgie, in der Chemikalie und in anderen Industrien angewendet werden. Titandioxid ist das natürlich vorkommende Mineral, das in zwei Hauptformen gefunden wird: Rutil und anatase.
Titandioxid hat eine Vielzahl des Gebrauches, da es geruchlos und saugfähig ist. Dieses Mineral kann in vielen Produkten gefunden werden und von Farbe zu Nahrung bis zu Kosmetik reichen. In den Kosmetik dient es einige Zwecke.
Es ist ein weißes Pigment, ein Trübungsmittel und a sunscreen. Dieser Marktforschungreport kennzeichnet auch die folgenden Informationen:
• Ein überblick über den globalen Markt für Ilmenit und anderes Titan; • Preise für Titanmineralien; • Ilmenitmarkt in den DIESSEITS Ländern; • Zukünftige Ilmenitverbraucher; etc.
Origianl Quelle in Englisch:
http://www.newswiretoday.com/news/18844/
Preise für Titanium steigen
DuPont Titanium Technologies Announces a Price Increase for Ti-Pure(R) Titanium Dioxide Products in Europe, Middle East and Africa
Posted : Mon, 04 Jun 2007 10:08:01 GMT
Author : DuPont Titanium Technologies
WILMINGTON, Del., June 4 /PRNewswire-FirstCall/ -- DuPont Titanium Technologies today announced a price increase for all DuPont(TM) Ti-Pure(R) titanium dioxide grades sold in Europe, Middle East and Africa regions.
Effective July 1, 2007, or as permitted by contract, prices for all titanium dioxide grades will increase 80 Euros per metric ton in Europe and Africa regions and increase $120 per metric ton in the Middle East region.
This increase is consistent with the global price increase actions announced by DuPont and is supported by current improving economic conditions, strong TiO2 global demand and significant increases in raw material, energy and fuel costs, as well as reinvestment economics to meet future customer needs.
DuPont Titanium Technologies is the world's largest manufacturer of titanium dioxide, serving customers globally in the coatings, paper and plastics industries.
The company operates plants at DeLisle, Miss.; New Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and Kuan Yin, Taiwan; all of which use the chloride manufacturing process.
The company also operates a plant in Uberaba, Brazil, for finishing titanium dioxide and a mine in Starke, Fla. Technical service centers are located in Uberaba, Brazil; Mexico City, Mexico; Mechelen, Belgium; Kuan Yin, Taiwan; Ulsan, Korea; Shanghai, China; and Wilmington, Del., to serve the Latin American, European, Middle Eastern, Asian and North American markets.
Quelle:
http://www.earthtimes.org/articles/show/news_press_release,1…" target="_blank" rel="nofollow ugc noopener">
http://www.earthtimes.org/articles/show/news_press_release,1…
Antwort auf Beitrag Nr.: 29.695.713 von jensdab am 08.06.07 00:21:46Schöner Tag heute für Tiomin-Aktionäre. Heute Nacht grosses Meeting. Man darf gespannt sein, was hier noch kommen könnte
Hier ist eine recht gute Zusammenstellung der gestrigen Tiomnin Aktionärssitzung:
sieht recht postiv aus bis auf den späten Produktionsbeginn des Kwale Projektes im Jahr 2009.
I attended with about 50 people in attendance.
Here is what I got out of it.
It started off with
Jean-Charles Potvin, Hon. B.Sc., MBA
Position: Executive Chairman, Chief Executive Officer and Director
presiding over the whole thing getting the technical stuff out of the way.
Later
Robert Jackson M.Sc., MBA & CFA
Position: President
Gave an update on the projects that they are working on.
A Vote on the private placement with the Jinchuan Group took place.
75% voted yes which is very good.
The motion is carried.
This gives Jinchuan a 20% stake in the company with a further 18 month option at .35 cents a share
that would give them 30% if they excesize that option.
Jinchuan main focus is Titanium and they are looking for copper assets.
which is a perfect fit for Tiomin.
Tiomin has 29 miillion in cash. In the bank.
Their main projects are Peru and kenya properties.
Tiomin main focus is
Developing Kenya and Peru
They are evaluating new projects with a good team.
5 to 7 million dollars set for exploration this year.
NEW DEVELOPMENT They are working on the North Coast project.
Tiomin is Concentrating on Kwale.
Resettlement is almost completed.
7 out 378 farmers were evicted because the wanted 10 times what Tiomin settled with the other farmers.
Won the prize this year for most innovated financing with the deal they put together with Jinchuan.
Kwale to be put into production by 2009 and this is much later than they expected.
Peru. Pukaqaqa
49% stake
Peru is promising
35000 people
Good roads and access
Close to smelter.
1.04 a pound to break even
Low stripping ratio .3 to 1
40 mm pounds of copper per year for Tiomin
43-010 by Q 3 OF 2007
COULD GIVE Tiomin .30 CENTS A SHARE.
Mainly low grade but but there is high grade. Open pit first.
Underground second.
To sum up.
1. Bottom line new deals coming.
2. Kwale will be resolved with GOk thanks for the help of the Chinese
3. Peru will be good for share price.
4. Share price off lows.
5. Jinshan deal helps
6. Current market cap remains very low
7. Tainted attitudes remain re Kenya
8. Expect to reslove Kenya with Jinchuan
9. Tiomin will bring out value with Peru
10. Potential value in Peru significantly exceeds current share price
11. Cash management and new deals.
That is what I got from the meeting.
Cheers.
autom. Übersetzung:
Ich war mit ungefähr 50 Leuten anwesend.
Ist hier, was ich es mitbekam.
Es lief mit an Jean-Charles Potvin, Hon. B.Sc., MBA Position: Executivvorsitzender, Generaldirektor und Direktor Vorsitzen der vollständigen Sache, die das technische Material schwer zugänglich erhält.
Später Robert Jackson M.Sc., MBA u. CFA Position: Präsident Gab ein Update auf den Projekten, denen sie auf arbeiten.
Eine Stimme auf der Privatplazierung mit der Jinchuan Gruppe fand statt. 75% ja gewählt, das sehr gut ist.
Die Bewegung wird getragen. Dieses gibt Jinchuan eine 20% Stange in der Firma mit einer weiteren 18 Monat Wahl bei .35 Cents pro Anteil, der ihnen 30% geben würde, wenn sie diese Wahl excesize. Jinchuan Hauptfokus ist Titan und sie suchen nach kupfernen Werten. welches ein vollkommener Sitz für Tiomin ist. Tiomin hat miillion 29 im Bargeld. In der Bank.
Ihre Hauptprojekte sind Peru und Kenia Eigenschaften. Tiomin Hauptfokus ist Sich entwickelndes Kenia und Peru Sie werten neue Projekte mit einer guten Mannschaft aus.
5 bis 7 Million Dollar stellten für Erforschung dieses Jahr ein. NEUE ENTWICKLUNG, die sie auf dem Nordküsteprojekt bearbeiten. Tiomin konzentriert sich auf Kwale. Wiedereinsetzung wird fast durchgeführt.
7 heraus 378 Landwirte wurden weil die gewünschten 10 Zeiten gewaltsam vertrieben, welches Tiomin mit den anderen Landwirten vereinbarte.
Gewann den Preis dieses Jahr für die meiste erneuerte Finanzierung mit dem Abkommen, das sie zusammen mit Jinchuan sich setzten. Und in diese in Produktion bis zum 2009 gesetzt zu werden Kwale, ist viel später, als sie erwarteten. Peru. Pukaqaqa 49% Stange Peru ist vielversprechend 35000 Leute Gute Straßen und Zugang Nah an Schmelzer. 1
.04 zerstoßene, zum sogar zu brechen Niedriges abstreifendes Verhältnis .3 bis 1 40 Millimeter zerstößt vom Kupfer pro Jahr für Tiomin 43-010 durch Q 3 2007 KONNTE Tiomin .30 CENTS GEBEN PRO ANTEIL. Hauptsächlich ist niedriger Grad aber aber dort hochwertig. Geöffnete Grube zuerst. Unterirdisches zweites.
Aufsummieren.
1. Endergebnis Kommen der neuen Abkommen.
2. Kwale wird mit GOk Dank für die Hilfe des Chinesen behoben
3. Peru ist für Anteilpreis gut.
4. Anteilpreis weg von den Tiefen.
5. Jinshan Abkommenhilfen
6. Gegenwärtigen Marktkappe Remains sehr niedrig
7. Verdorbene Haltung bleibt bezüglich Kenias
8. Zum reslove Kenia mit Jinchuan erwarten
9. Tiomin Wille bringen Wert mit Peru heraus
10. Möglicher Wert in Peru übersteigt erheblich gegenwärtigen Anteilpreis
11. Kassenhaltung und neue Abkommen. Das ist, was ich von der Sitzung erhielt.
vermutlich könnte sich der Aufwärtstrend heute nachmittag noch fortsetzen.
Ich wag mal eine Prognose: 0,19 C$ SK, das wäre ca. 10 % plus.
sieht recht postiv aus bis auf den späten Produktionsbeginn des Kwale Projektes im Jahr 2009.
I attended with about 50 people in attendance.
Here is what I got out of it.
It started off with
Jean-Charles Potvin, Hon. B.Sc., MBA
Position: Executive Chairman, Chief Executive Officer and Director
presiding over the whole thing getting the technical stuff out of the way.
Later
Robert Jackson M.Sc., MBA & CFA
Position: President
Gave an update on the projects that they are working on.
A Vote on the private placement with the Jinchuan Group took place.
75% voted yes which is very good.
The motion is carried.
This gives Jinchuan a 20% stake in the company with a further 18 month option at .35 cents a share
that would give them 30% if they excesize that option.
Jinchuan main focus is Titanium and they are looking for copper assets.
which is a perfect fit for Tiomin.
Tiomin has 29 miillion in cash. In the bank.
Their main projects are Peru and kenya properties.
Tiomin main focus is
Developing Kenya and Peru
They are evaluating new projects with a good team.
5 to 7 million dollars set for exploration this year.
NEW DEVELOPMENT They are working on the North Coast project.
Tiomin is Concentrating on Kwale.
Resettlement is almost completed.
7 out 378 farmers were evicted because the wanted 10 times what Tiomin settled with the other farmers.
Won the prize this year for most innovated financing with the deal they put together with Jinchuan.
Kwale to be put into production by 2009 and this is much later than they expected.
Peru. Pukaqaqa
49% stake
Peru is promising
35000 people
Good roads and access
Close to smelter.
1.04 a pound to break even
Low stripping ratio .3 to 1
40 mm pounds of copper per year for Tiomin
43-010 by Q 3 OF 2007
COULD GIVE Tiomin .30 CENTS A SHARE.
Mainly low grade but but there is high grade. Open pit first.
Underground second.
To sum up.
1. Bottom line new deals coming.
2. Kwale will be resolved with GOk thanks for the help of the Chinese
3. Peru will be good for share price.
4. Share price off lows.
5. Jinshan deal helps
6. Current market cap remains very low
7. Tainted attitudes remain re Kenya
8. Expect to reslove Kenya with Jinchuan
9. Tiomin will bring out value with Peru
10. Potential value in Peru significantly exceeds current share price
11. Cash management and new deals.
That is what I got from the meeting.
Cheers.
autom. Übersetzung:
Ich war mit ungefähr 50 Leuten anwesend.
Ist hier, was ich es mitbekam.
Es lief mit an Jean-Charles Potvin, Hon. B.Sc., MBA Position: Executivvorsitzender, Generaldirektor und Direktor Vorsitzen der vollständigen Sache, die das technische Material schwer zugänglich erhält.
Später Robert Jackson M.Sc., MBA u. CFA Position: Präsident Gab ein Update auf den Projekten, denen sie auf arbeiten.
Eine Stimme auf der Privatplazierung mit der Jinchuan Gruppe fand statt. 75% ja gewählt, das sehr gut ist.
Die Bewegung wird getragen. Dieses gibt Jinchuan eine 20% Stange in der Firma mit einer weiteren 18 Monat Wahl bei .35 Cents pro Anteil, der ihnen 30% geben würde, wenn sie diese Wahl excesize. Jinchuan Hauptfokus ist Titan und sie suchen nach kupfernen Werten. welches ein vollkommener Sitz für Tiomin ist. Tiomin hat miillion 29 im Bargeld. In der Bank.
Ihre Hauptprojekte sind Peru und Kenia Eigenschaften. Tiomin Hauptfokus ist Sich entwickelndes Kenia und Peru Sie werten neue Projekte mit einer guten Mannschaft aus.
5 bis 7 Million Dollar stellten für Erforschung dieses Jahr ein. NEUE ENTWICKLUNG, die sie auf dem Nordküsteprojekt bearbeiten. Tiomin konzentriert sich auf Kwale. Wiedereinsetzung wird fast durchgeführt.
7 heraus 378 Landwirte wurden weil die gewünschten 10 Zeiten gewaltsam vertrieben, welches Tiomin mit den anderen Landwirten vereinbarte.
Gewann den Preis dieses Jahr für die meiste erneuerte Finanzierung mit dem Abkommen, das sie zusammen mit Jinchuan sich setzten. Und in diese in Produktion bis zum 2009 gesetzt zu werden Kwale, ist viel später, als sie erwarteten. Peru. Pukaqaqa 49% Stange Peru ist vielversprechend 35000 Leute Gute Straßen und Zugang Nah an Schmelzer. 1
.04 zerstoßene, zum sogar zu brechen Niedriges abstreifendes Verhältnis .3 bis 1 40 Millimeter zerstößt vom Kupfer pro Jahr für Tiomin 43-010 durch Q 3 2007 KONNTE Tiomin .30 CENTS GEBEN PRO ANTEIL. Hauptsächlich ist niedriger Grad aber aber dort hochwertig. Geöffnete Grube zuerst. Unterirdisches zweites.
Aufsummieren.
1. Endergebnis Kommen der neuen Abkommen.
2. Kwale wird mit GOk Dank für die Hilfe des Chinesen behoben
3. Peru ist für Anteilpreis gut.
4. Anteilpreis weg von den Tiefen.
5. Jinshan Abkommenhilfen
6. Gegenwärtigen Marktkappe Remains sehr niedrig
7. Verdorbene Haltung bleibt bezüglich Kenias
8. Zum reslove Kenia mit Jinchuan erwarten
9. Tiomin Wille bringen Wert mit Peru heraus
10. Möglicher Wert in Peru übersteigt erheblich gegenwärtigen Anteilpreis
11. Kassenhaltung und neue Abkommen. Das ist, was ich von der Sitzung erhielt.
vermutlich könnte sich der Aufwärtstrend heute nachmittag noch fortsetzen.
Ich wag mal eine Prognose: 0,19 C$ SK, das wäre ca. 10 % plus.
Antwort auf Beitrag Nr.: 29.842.606 von jensdab am 12.06.07 14:15:12Danke fürs Reinstellen der Zusammenfassung von heute Nacht. Aber mit der Prognose wird es heute wohl leider nix. Wird glaub ganz schön gedeckelt. Nervt mich allerdings, dass in D kein Handel zu Stande kommt. Vielleicht wenn sie mal richtig davon zieht wird hier was gehen und wir beide sind dann schon längst mit von der Partie
Ergebnis des Tiomin Aktionärstreffens am 12. Juni 2007:
JUNE 12, 2007 - 09:53 ET
Tiomin Shareholders Approve Jinchuan Group Ltd. Investment, Company Announces Management Changes
TORONTO, ONTARIO--(Marketwire - June 12, 2007) - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX:TIO) announces that 99.68% of the votes cast by ballot at its Annual and Special General Meeting voted in favour of the previously announced investment in the Company by Jinchuan Group Ltd. ('Jinchuan').
In the approved transaction, Jinchuan will purchase 72,512,134 common shares of Tiomin at $0.15 per share, for a total of $10.9 million, increasing Jinchuan's interest in Tiomin to 20%. In addition, the transaction grants Jinchuan an 18-month option to increase its interest in Tiomin to 30% by subscribing for additional common shares at $0.35 per share.
Mr. Robert Jackson, who was previously President of the Company, assumes the role of President and CEO while Mr. Jean-Charles Potvin remains as Executive Chairman. Mr. Jackson and Mr. Paul Fortin both join the Board of Directors. Mr. Potvin commented "This transaction and these appointments significantly strengthen Tiomin as we rebuild shareholder value in the Company".
Mr. Jackson is a licenced mining engineer and investment banker who brings almost 30-years of mining industry experience to his role. He holds an MBA from the University of Western Ontario and the Chartered Financial Analyst® designation.
Mr. Fortin is currently a director and General Manager of Gecamines, a copper and cobalt mining company owned by the Democratic Republic of Congo, a position he has held since January 2006. He is an experienced international mining lawyer who was previously General Counsel for Gold Fields Limited and who has advised Barrick Gold Corporation. He was previously a director of Tiomin Kenya Limited and General Manager of the Kwale Project.
Hier ist noch ein Beitrag aus dem kanad. Bullboard:
Finally a realistic post.
The construction time frame has always been 18 to 24 months. I suspect 24 months is more realistic, so sometime after July 2009.
There will not be any wild advancement of the share price as many have predicted. We get the same expection before every AGM then things settle back down to reality. The best we can expect is a steady rise given no delays from the Kwale project by the either the GoK or NGO's.
The start of cash flow is 2 years away and therefore only respresents the potential for the project until it actually flows. Any earnings per share are 3 years away which will only start to reflect whether the project is a success.
The up coming Kenyan election could have some effect on the time line if another delay is caused by a new Gov't but I don't think so because the Kibaki is currently running strong.
Personally I don't blame JC for any of the delays in this project, the blame lies with the GoK and the NGO's. Kenya had a steep learning curve in regard to new mining that JC was instrumental in leading.
As always, this stock remains an investment for the very patient.
However there is the possibility the Chinese may buy the Kenyan assets and Tiomin can move on to a new major project, likely mining copper in Peru. Ironically Tiomin started as a copper miner, changed to TiO2 and potentially will come full circle to again be a copper miner. We will have to wait to see how it will unfold.
jmo
JUNE 12, 2007 - 09:53 ET
Tiomin Shareholders Approve Jinchuan Group Ltd. Investment, Company Announces Management Changes
TORONTO, ONTARIO--(Marketwire - June 12, 2007) - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX:TIO) announces that 99.68% of the votes cast by ballot at its Annual and Special General Meeting voted in favour of the previously announced investment in the Company by Jinchuan Group Ltd. ('Jinchuan').
In the approved transaction, Jinchuan will purchase 72,512,134 common shares of Tiomin at $0.15 per share, for a total of $10.9 million, increasing Jinchuan's interest in Tiomin to 20%. In addition, the transaction grants Jinchuan an 18-month option to increase its interest in Tiomin to 30% by subscribing for additional common shares at $0.35 per share.
Mr. Robert Jackson, who was previously President of the Company, assumes the role of President and CEO while Mr. Jean-Charles Potvin remains as Executive Chairman. Mr. Jackson and Mr. Paul Fortin both join the Board of Directors. Mr. Potvin commented "This transaction and these appointments significantly strengthen Tiomin as we rebuild shareholder value in the Company".
Mr. Jackson is a licenced mining engineer and investment banker who brings almost 30-years of mining industry experience to his role. He holds an MBA from the University of Western Ontario and the Chartered Financial Analyst® designation.
Mr. Fortin is currently a director and General Manager of Gecamines, a copper and cobalt mining company owned by the Democratic Republic of Congo, a position he has held since January 2006. He is an experienced international mining lawyer who was previously General Counsel for Gold Fields Limited and who has advised Barrick Gold Corporation. He was previously a director of Tiomin Kenya Limited and General Manager of the Kwale Project.
Hier ist noch ein Beitrag aus dem kanad. Bullboard:
Finally a realistic post.
The construction time frame has always been 18 to 24 months. I suspect 24 months is more realistic, so sometime after July 2009.
There will not be any wild advancement of the share price as many have predicted. We get the same expection before every AGM then things settle back down to reality. The best we can expect is a steady rise given no delays from the Kwale project by the either the GoK or NGO's.
The start of cash flow is 2 years away and therefore only respresents the potential for the project until it actually flows. Any earnings per share are 3 years away which will only start to reflect whether the project is a success.
The up coming Kenyan election could have some effect on the time line if another delay is caused by a new Gov't but I don't think so because the Kibaki is currently running strong.
Personally I don't blame JC for any of the delays in this project, the blame lies with the GoK and the NGO's. Kenya had a steep learning curve in regard to new mining that JC was instrumental in leading.
As always, this stock remains an investment for the very patient.
However there is the possibility the Chinese may buy the Kenyan assets and Tiomin can move on to a new major project, likely mining copper in Peru. Ironically Tiomin started as a copper miner, changed to TiO2 and potentially will come full circle to again be a copper miner. We will have to wait to see how it will unfold.
jmo
Antwort auf Beitrag Nr.: 29.872.208 von jensdab am 13.06.07 13:44:14Die Fahrt nach oben scheint fürs erste leider beendet
Vielleicht kommt ja wirklich bald was zu einem anderen Projekt. Vielleicht focusiert sich doch alles zu stark auf Kwale. Produktion 2009/2010? Wirklich sehr spät. Bis dahin wird die Aktie ohne weitere Projektmeldungen nicht viel mehr machen - leider!
Vielleicht kommt ja wirklich bald was zu einem anderen Projekt. Vielleicht focusiert sich doch alles zu stark auf Kwale. Produktion 2009/2010? Wirklich sehr spät. Bis dahin wird die Aktie ohne weitere Projektmeldungen nicht viel mehr machen - leider!
Antwort auf Beitrag Nr.: 29.882.831 von jaffa am 13.06.07 22:51:40Sehe das nicht so pessimistisch, das etwas von dem Schwung verloren ging, Schwankungen bei Explorern sind ja üblich.
Wahrscheinlich müssen die Vereinbarungen erst mal verdaut werden und selbst wenn der Preis noch mal auf 0,15 fällt sind das wieder Einstiegskurse.
Wie in den kanadischen Bullboard ja auch zu hören ist, benötigt man für Tiomin einen langen Atem und sehr viel Geduld....
News wird es sicher auch wieder geben, wenn das Kwale Projekt Fortschritte macht und man darf nicht vergessen, das bei die Nachfrage nach Titanium größer ist als das Angebot und das wird den Preis für diesen Rohstoff weiter steigen lassen und somit auch die Bewertung von Tiomin und das wird sich auch in der Kursentwicklung von Tiomin widerspiegeln.
Hoffe, ich habe Dich etwas aufgemuntert!!
Wahrscheinlich müssen die Vereinbarungen erst mal verdaut werden und selbst wenn der Preis noch mal auf 0,15 fällt sind das wieder Einstiegskurse.
Wie in den kanadischen Bullboard ja auch zu hören ist, benötigt man für Tiomin einen langen Atem und sehr viel Geduld....
News wird es sicher auch wieder geben, wenn das Kwale Projekt Fortschritte macht und man darf nicht vergessen, das bei die Nachfrage nach Titanium größer ist als das Angebot und das wird den Preis für diesen Rohstoff weiter steigen lassen und somit auch die Bewertung von Tiomin und das wird sich auch in der Kursentwicklung von Tiomin widerspiegeln.
Hoffe, ich habe Dich etwas aufgemuntert!!
Antwort auf Beitrag Nr.: 29.883.263 von jensdab am 13.06.07 23:25:28Einigermaßen. Wo siehst Du den Kurs sagen wir mal 2010?
Antwort auf Beitrag Nr.: 29.889.370 von jaffa am 14.06.07 13:08:29Das ist nicht einfach, solche Vorhersagen, das hängt u.a. davon ab, ob die Chinesesn irgendwann Tiomin übernehmen.
Ende des Jahres sehe ich den Kurs bei 0,30 - 0,50 C$.
In 2-3 Jahren sind vielleicht 1 Euro- 1,50 drin, aber das ist ein Blick in die Kristallkugel.
Dann können wir uns über satte Gewinne freuen. Also ruhig mal etwas träumen.
Generell spielen ja so viele andere Faktoren auch noch eine Rolle.
Lassen wir uns mal überraschen und optimistisch in die Zukunft blicken!!
Ende des Jahres sehe ich den Kurs bei 0,30 - 0,50 C$.
In 2-3 Jahren sind vielleicht 1 Euro- 1,50 drin, aber das ist ein Blick in die Kristallkugel.
Dann können wir uns über satte Gewinne freuen. Also ruhig mal etwas träumen.
Generell spielen ja so viele andere Faktoren auch noch eine Rolle.
Lassen wir uns mal überraschen und optimistisch in die Zukunft blicken!!
Antwort auf Beitrag Nr.: 29.890.126 von jensdab am 14.06.07 14:08:38Was bleibt anderes übrig. Vielleicht kommen ja bzgl. Tiomin wirklich noch ein paar absolute Knaller auf uns zu. Hab auf jeden Fall ein ganz gutes Gefühl bei diesem Invest.
Antwort auf Beitrag Nr.: 29.890.999 von jaffa am 14.06.07 14:59:31Es geschehen ja noch Zeichen und Wunder!!
Den ersten Umsatz in Berlin seit Wochen - 50000 Stck.
Kurs 0,121 € ist weit über pari = 0,17 C$. Briefkurs ist 0.128 Euro = 0,182 C$
Verstehe nicht, dass man nicht in Kanada kauft, da bekommt man die Stücke umgerechnet für 0,112 Euro. Natürlich zzgl. Gebühren für den Kauf an der TSX. Aber das ist immer noch günstiger.
Preis scheint sich zwischen 0,15 und 0,16 C$ einzupendeln bei geringem Umsatz.
Den ersten Umsatz in Berlin seit Wochen - 50000 Stck.
Kurs 0,121 € ist weit über pari = 0,17 C$. Briefkurs ist 0.128 Euro = 0,182 C$
Verstehe nicht, dass man nicht in Kanada kauft, da bekommt man die Stücke umgerechnet für 0,112 Euro. Natürlich zzgl. Gebühren für den Kauf an der TSX. Aber das ist immer noch günstiger.
Preis scheint sich zwischen 0,15 und 0,16 C$ einzupendeln bei geringem Umsatz.
Antwort auf Beitrag Nr.: 29.945.951 von jensdab am 15.06.07 18:52:12Ja absoluter Wahnsinn. Du konntest doch letztens nicht kaufen, oder? Jetzt sind wir schon drei. Mal schauen ob sich unser neuer Partner hier mal meldet. Schönes WE. Gruss
Antwort auf Beitrag Nr.: 29.883.263 von jensdab am 13.06.07 23:25:28Vielleicht meldet sich ja mal der/die Dritte im Bunde. Würde mich interessieren, wie er/sie auf Tio aufmerksam wurde. Die Kanadier freuts anscheinend, dass hier langsam was geht
Antwort auf Beitrag Nr.: 29.949.018 von jaffa am 15.06.07 22:33:18@jaffa
Du hast eine board mail bekommen. Schau mal in Deine mail box.
gruß jens
Du hast eine board mail bekommen. Schau mal in Deine mail box.
gruß jens
Antwort auf Beitrag Nr.: 29.952.598 von jensdab am 16.06.07 14:01:40Hi,
war über´s WE unterwegs und werde heute abend auf Deine BM antworten. Hast Du heute morgen wieder zugeschlagen??
war über´s WE unterwegs und werde heute abend auf Deine BM antworten. Hast Du heute morgen wieder zugeschlagen??
Antwort auf Beitrag Nr.: 29.993.592 von jaffa am 18.06.07 11:59:04Die 8000 Stck, die heute gehandelt worden sind in Berlin sind nicht von mir.
Kommt jetzt langsam Leben in die Bude? Immerhin tut sich überhaupt was in Berlin.
Kommt jetzt langsam Leben in die Bude? Immerhin tut sich überhaupt was in Berlin.
Antwort auf Beitrag Nr.: 29.994.933 von jensdab am 18.06.07 12:51:38Nicht von Dir?? Dann wird´s ja langsam echt interessant. Lass dann mal in CAN Bewegung reinkommen, weiter Bohrergebnisse, gute Nachrichten zu Kwale dann
Also, schreib Dir heute abend. Ab ca. 20.30 hast DU eine BM. Schönen Mittag noch.
Also, schreib Dir heute abend. Ab ca. 20.30 hast DU eine BM. Schönen Mittag noch.
Schon wieder Umsatz in Berlin - heute 23000 Stück - scheint sich langsam rumzusprechen, dass das da ein Aufholpotential bei Tiomin besteht und das die Wende eingeleitet wurde.
Habe am Wochenende in einem anderen WO thread (Gipsland) Tiomin erwähnt und vielleicht sind das Reaktionen.
Re: News Release - Monday, June 18, 2007
Tiomin Completes Jinchuan Investment, Appoints Director
=======================================================================
Toronto, Canada, June 18th, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') is pleased to announce that the previously announced
investment in the Company by Jinchuan Group Ltd. ('Jinchuan') has
closed.
In the transaction, Jinchuan has invested $10.9 million in Tiomin to
buy 72,512,134 common shares at $0.15 per share, increasing Jinchuan's
interest in Tiomin to 20%, and received an 18-month option to increase
its interest in Tiomin to 30% by subscribing for additional common
shares of Tiomin at $0.35 per share.
As part of the transaction, Tiomin welcomes Mr. Qiao Fu-gui to its
Board of Directors. Mr. Qiao is Deputy General Manager of the Planning
Department of Jinchuan. He is also Chairman of Gansu Jin Ao Mineral
Resources Company Limited and a director of GobiMin Inc.. He joined
Jinchuan in 1994 and holds both Bachelor and Master's degrees in
Geological Engineering.
Mr. Robert Jackson, President and CEO of Tiomin commented "This very
positive step gives Tiomin a strong platform for jointly developing our
Kwale Titanium Project in Kenya and also for cooperation on other
projects in mining-friendly countries elsewhere. Our 49% interest in
the Pukaqaqa Copper Project in Peru is progressing and we are
evaluating a variety of interesting opportunities in both mineral sands
and other metals. We are working very hard to regain the confidence of
our investors and to restore shareholder value".
Jinchuan (www.jnmc.com) is the largest producer of nickel, cobalt and
platinum group metals in China, combining mining, milling, smelting &
refining and chemical engineering operations. It produces nickel,
copper, cobalt, precious metals, various bulk chemicals and nonferrous
metals. The output of nickel and platinum group metals are 88% and 90%
respectively of total Chinese production.
For further information please contact:
Jean-Charles Potvin
Executive Chairman
(416)350-3779 Ext. 227
Robert Jackson
President & CEO
(416)350-3779 Ext. 230
Joyce Misoi
Project Coordinator &
Investor Relations
(416)350-3779 Ext. 233
jmisoi@tiomin.com
Habe am Wochenende in einem anderen WO thread (Gipsland) Tiomin erwähnt und vielleicht sind das Reaktionen.
Re: News Release - Monday, June 18, 2007
Tiomin Completes Jinchuan Investment, Appoints Director
=======================================================================
Toronto, Canada, June 18th, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') is pleased to announce that the previously announced
investment in the Company by Jinchuan Group Ltd. ('Jinchuan') has
closed.
In the transaction, Jinchuan has invested $10.9 million in Tiomin to
buy 72,512,134 common shares at $0.15 per share, increasing Jinchuan's
interest in Tiomin to 20%, and received an 18-month option to increase
its interest in Tiomin to 30% by subscribing for additional common
shares of Tiomin at $0.35 per share.
As part of the transaction, Tiomin welcomes Mr. Qiao Fu-gui to its
Board of Directors. Mr. Qiao is Deputy General Manager of the Planning
Department of Jinchuan. He is also Chairman of Gansu Jin Ao Mineral
Resources Company Limited and a director of GobiMin Inc.. He joined
Jinchuan in 1994 and holds both Bachelor and Master's degrees in
Geological Engineering.
Mr. Robert Jackson, President and CEO of Tiomin commented "This very
positive step gives Tiomin a strong platform for jointly developing our
Kwale Titanium Project in Kenya and also for cooperation on other
projects in mining-friendly countries elsewhere. Our 49% interest in
the Pukaqaqa Copper Project in Peru is progressing and we are
evaluating a variety of interesting opportunities in both mineral sands
and other metals. We are working very hard to regain the confidence of
our investors and to restore shareholder value".
Jinchuan (www.jnmc.com) is the largest producer of nickel, cobalt and
platinum group metals in China, combining mining, milling, smelting &
refining and chemical engineering operations. It produces nickel,
copper, cobalt, precious metals, various bulk chemicals and nonferrous
metals. The output of nickel and platinum group metals are 88% and 90%
respectively of total Chinese production.
For further information please contact:
Jean-Charles Potvin
Executive Chairman
(416)350-3779 Ext. 227
Robert Jackson
President & CEO
(416)350-3779 Ext. 230
Joyce Misoi
Project Coordinator &
Investor Relations
(416)350-3779 Ext. 233
jmisoi@tiomin.com
Antwort auf Beitrag Nr.: 30.005.097 von jensdab am 18.06.07 19:51:53Hast Du Zeit? BM für Dich! Halber Roman
Antwort auf Beitrag Nr.: 30.006.718 von jaffa am 18.06.07 20:55:59Sieht nicht schlecht aus in Can. Bin gespannt, wann wir die 0,35 sehen. Dann hauen sich die Chinesen voll rein und das Babe wird abgehen
Antwort auf Beitrag Nr.: 30.007.529 von jaffa am 18.06.07 21:29:04Bin ja gespannt, ob sich die heutigen Käufer hier mal melden werden?? Oder will man hier aufgrund der zu erwartenden Reichtümer lieber anonym bleiben?
Antwort auf Beitrag Nr.: 30.008.829 von jaffa am 18.06.07 22:17:03hab Dir noch mal eine boardmail geschickt.
6,25 % Anstieg auf 0,17 C$ mit gutem Volumen.
6,25 % Anstieg auf 0,17 C$ mit gutem Volumen.
In Berlin (aus dem Orderbuch von Onvista) möchte jemand 20000 Stck zu 0,13 € verkaufen und 5000 Stck stehen auf der Käuferseite für 0,10 € - da werden wohl beide nicht bedient.
Habe auch mal eine Kauforder reingestellt zu 0,105 € , ist aber eher unrealistisch, das es klappt, es sei denn, der Kurs bricht überraschenderweise ein was ich aber nicht glaube.
Habe auch mal eine Kauforder reingestellt zu 0,105 € , ist aber eher unrealistisch, das es klappt, es sei denn, der Kurs bricht überraschenderweise ein was ich aber nicht glaube.
News nicht unbedingt neu aber der Autor beschreibt recht gut die letzte Entwicklung und Situation von Tiomin Resources.
JINCHUAN INVESTS $10.9M IN PROJECT
[/b
Tiomin, Jinchuan conclude deal to develop Kwale Titanium
Tiomin finalizes deal with China’s Jinchuan Investment, hopeful of its Kenya Titanium project.
Author: Frank Jomo
Posted: Tuesday , 19 Jun 2007
BLANTYRE -
Tiomin Resources Inc.(TSX:TIO) has finally concluded its investment deal with China's Jinchuan Group Limited - a development which the company says is a positive platform from whence the companies would jointly develop the Kwale Titanium project in Kenya.
A statement issued by Tiomin says China's largest producer of nickel, cobalt and platinum metals has invested US$10.9 million in the company, which translates into 72,512,134 common shares at $0.15 per share. This gives Jinchuan a 20 percent stake in Tiomin and an option to increase its interest in to 30 percent within the coming 18 months by buying the remainder at 35 cents/sh.
The finalization of the deal gives Tiomin the zeal to continue developing the Kwale Titanium project, which has been mired by delays and rising costs. This forced the project's lenders to drawn on the US$155 million project debt facility.
"This very positive step gives Tiomin a strong platform for jointly developing our Kwale Titanium Project in Kenya and also for cooperation on other projects in mining-friendly countries elsewhere," said Tiomin President and CEO Robert Jackson. "We are working very hard to regain the confidence of our investors and to restore shareholder value."
The finalisation of the transaction has also seen Jinchuan adding to Tiomin's board, Qiao Fu-gui, Deputy General Manager of Jinchuan's Planning Department.
Kwale titanium project was on the verge of collapse last February when Tiomin announced that it was halting development as the company was working towards the evaluation of substantial technical and contractual cost-saving measures to improve project economics.
This announcement came hard on the heels of an announcement by ATW Venture Corporation that it would not execute the formal agreement it had with Tiomin to acquire an option to purchase up to a 50 percent interest in the company's Kenyan mineral sand projects.
Also in February, Tiomin announced that it had signed a Memorandum of Understanding (MOU) with Jinchuan for the development of the Kwale Titanium project, an arrangement that would strengthen Tiomin's cash position to about Cdn. $32 million (Cdn.$0.072 cash per share). If Jinchuan takes the additional 30 percent equity, Tiomin's cash resources will be increased an additional Cdn.$17 million.
automatische Übersetzung:
JINCHUAN INVESTIERT $10.9M IM PROJEKT Tiomin, Jinchuan folgern Abkommen, um Kwale Titan zu entwickeln Tiomin beendet Abkommen mit der Investition Jinchuan Chinas, die von seinem Kenia Titanprojekt hoffnungsvoll ist. Autor: Aufrichtiges Jomo Bekanntgegeben: Dienstag, den 19. Jun. 2007 BLANTYRE - Tiomin Resources Inc. (TSX: TIO) hat schließlich sein Investitionabkommen mit der begrenzten Gruppe Jinchuan Chinas gefolgert - eine Entwicklung, die die Firma sagt, ist eine positive Plattform von, woher die Firmen gemeinsam das Kwale Titanprojekt in Kenia entwickeln würden. Eine Aussage, die von Tiomin herausgegeben wird, sagt, daß Chinas größter Produzent der Nickel-, Kobalt- und Platinmetalle US$10.9 Million in der Firma investiert hat, die in 72.512.134 allgemeine Anteile bei $0.15 pro Anteil übersetzt. Dieses gibt Jinchuan eine 20-Prozent-Stange in Tiomin und in einer Wahl, um sein Interesse auf 30 Prozent innerhalb der kommenden 18 Monate innen zu erhöhen, indem es den Rest bei 35 cents/sh kauft. Die Vollendung des Abkommens gibt Tiomin den Eifer, um das, Kwale Titanprojekt zu entwickeln fortzufahren, das vorbei verzögert und steigende Kosten beschmutzt worden ist. Dieses zwang die kreditgebenden Stellen des Projektes zu gezogenem auf dem Schuld-Service des Projektes US$155 Million. „Dieser sehr positive Schritt gibt Tiomin eine starke Plattform für unser Kwale Titanprojekt in Kenia gemeinsam entwickeln und auch für Mitarbeit auf anderen Projekten in den gewinnen-freundlichen Ländern anderwohin,“ sagte Tiomin Präsidenten und CEO Robert Jackson. „Wir arbeiten sehr stark, um das Vertrauen unserer Investoren wiederzugewinnen und Aktionärwert wieder herzustellen.“ Die Vollendung der Verhandlung hat auch Jinchuan gesehen, Brett Tiomins, Qiao Fu-GUI, Abgeordneter Generaldirektor hinzuzufügen der Abteilung Planung Jinchuans. Kwale Titanprojekt war auf der Kante des Einsturzes letzter Februar, als Tiomin verkündete, daß es Entwicklung anhielt, während die Firma in Richtung zur Auswertung der erheblichen technischen und kostensparenden vertraglichmasse, Projektvolkswirtschaft zu verbessern arbeitete. Diese Ansage kam stark auf die Fersen einer Ansage durch ATW Venture Corporation, daß sie nicht die formale Vereinbarung durchführen würde, die sie mit Tiomin hatte, zum einer Kaufoption bis zu einem 50-Prozent-Interesse an den Kenyan der Firma zu erwerben Mineralsandprojekten. Auch im Februar, verkündete Tiomin, daß es eine Vereinbarung (MOU) mit Jinchuan für die Entwicklung des Kwale Titanprojektes unterzeichnet hatte, eine Anordnung, die Kassenposition Tiomins zu ungefähr Cdn verstärken würde. $32 Million (Bargeld Cdn.$0.072 pro Anteil). Wenn Jinchuan die zusätzlichen 30 Prozent Billigkeit nimmt, werden Barmitteln Tiomins ein zusätzliches Cdn.$17 Million erhöht.
JINCHUAN INVESTIERT $10.9M IM PROJEKT
Tiomin, Jinchuan folgern Abkommen, um Kwale Titan zu entwickeln
Tiomin beendet Abkommen mit der Investition Jinchuan Chinas, die von seinem Kenia Titanprojekt hoffnungsvoll ist.
Autor: Jomo Bekanntgegeben: Dienstag, den 19. Jun. 2007
BLANTYRE
Resources Inc. (TSX: TIO) hat schließlich sein Investitionabkommen mit der begrenzten Gruppe Jinchuan Chinas gefolgert - eine Entwicklung, die die Firma sagt, ist eine positive Plattform von, woher die Firmen gemeinsam das Kwale Titanprojekt in Kenia entwickeln würden.
Eine Aussage, die von Tiomin herausgegeben wird, sagt, daß Chinas größter Produzent der Nickel-, Kobalt- und Platinmetalle US$10.9 Million in der Firma investiert hat, die in 72.512.134 allgemeine Anteile bei $0.15 pro Anteil übersetzt.
Dieses gibt Jinchuan eine 20-Prozent-Stange in Tiomin und in einer Wahl, um sein Interesse auf 30 Prozent innerhalb der kommenden 18 Monate innen zu erhöhen, indem es den Rest bei 35 cents/sh kauft.
Die Vollendung des Abkommens gibt Tiomin den Eifer, um das, Kwale Titanprojekt zu entwickeln fortzufahren, das vorbei verzögert und steigende Kosten beschmutzt worden ist.
Dieses zwang die kreditgebenden Stellen des Projektes zu gezogenem auf dem Schuld-Service des Projektes US$155 Million. „Dieser sehr positive Schritt gibt Tiomin eine starke Plattform für unser Kwale Titanprojekt in Kenia gemeinsam entwickeln und auch für Mitarbeit auf anderen Projekten in den gewinnen-freundlichen Ländern anderwohin,“ sagte Tiomin Präsidenten und CEO Robert Jackson.
„Wir arbeiten sehr stark, um das Vertrauen unserer Investoren wiederzugewinnen und Aktionärwert wieder herzustellen.“
Die Vollendung der Verhandlung hat auch Jinchuan gesehen, Brett Tiomins, Qiao Fu-GUI, Abgeordneter Generaldirektor hinzuzufügen der Abteilung Planung Jinchuans.
Kwale Titanprojekt war auf der Kante des Einsturzes letzter Februar, als Tiomin verkündete, daß es Entwicklung anhielt, während die Firma in Richtung zur Auswertung der erheblichen technischen und kostensparenden vertraglichmasse, Projektvolkswirtschaft zu verbessern arbeitete.
Diese Ansage kam stark auf die Fersen einer Ansage durch ATW Venture Corporation, daß sie nicht die formale Vereinbarung durchführen würde, die sie mit Tiomin hatte, zum einer Kaufoption bis zu einem 50-Prozent-Interesse an den Kenyan der Firma zu erwerben Mineralsandprojekten.
Auch im Februar, verkündete Tiomin, daß es eine Vereinbarung (MOU) mit Jinchuan für die Entwicklung des Kwale Titanprojektes unterzeichnet hatte, eine Anordnung, die Kassenposition Tiomins zu ungefähr Cdn verstärken würde. $32 Million (Bargeld Cdn.$0.072 pro Anteil).
Wenn Jinchuan die zusätzlichen 30 Prozent Billigkeit nimmt, werden Barmitteln Tiomins ein zusätzliches Cdn.$17 Million erhöht.
Hier sind noch einige interessante links zu Tiomin u.a. mit einer Einschätzung zur Kursentwicklung von Analysten:
http://www.jenningscapital.com/pdfs/TIO10052006InitiatingCov…
http://www.jenningscapital.com/pdfs/TIO10052006InitiatingCov…
Bin am Freitag zu 0,175 C$ eingestiegen, nachdem ich in Berlin erfolglos war. Jetzt bin ich ganz gut eingedeckt mit Tiomin.
Sieht so aus, als kommt jetzt erst mal eine Seitwärtsphase, es sei denn, es gibt wieder irgendwelche news oder sonstige Fortschritte.
Kurs bleibt unverändert bei 0,17 C$ aber die Aktie ist immer noch unterbewertet und wird ihren Weg nach oben gehen....
Sieht so aus, als kommt jetzt erst mal eine Seitwärtsphase, es sei denn, es gibt wieder irgendwelche news oder sonstige Fortschritte.
Kurs bleibt unverändert bei 0,17 C$ aber die Aktie ist immer noch unterbewertet und wird ihren Weg nach oben gehen....
Mal wieder ein kleiner Umsatz von 10000 Stück in Berlin über pari vom Kanada Kurs.
Mal schauen, ob der Käufer sich hier auch mal meldet. Bisher sind wir ja ziemlich allein auf weiter Flur in diesem thread. Also nur Mut....
Hier ein Bericht über das Wachstum von Titanium Minerals:
The Market for Titanium Minerals Grows by 5-8% Annually Says Merchant Research & Consulting Ltd
NewswireToday - /newswire/ - Limassol, Cyprus,
05/30/2007 - According to Merchant Research & Consulting Ltd. consulting agency, the average annual TiO2 demand growth rate in 2003-2006 was around 2%.
Titanium market is forecast to remain stable; the demand for it will continue to rise.
Titanium minerals are used primarily for the production of titanium dioxide, while their small amount is employed for the manufacture of metallic titanium and its chemical compounds. Approximately 94% of titanium mineral feedstock production is consumed in the production of titanium dioxide (TiO2) pigment, primarily for use in the coatings, plastics and paper industries. As a result, the behaviour in these industries affects titanium feedstock producers.
The market outlook for titanium minerals, ilmenite and rutile, is positive, buoyed by strong growth in all end use sectors. The pigment sector, which is by far the largest component of demand, is forecast to grow at an average compound annual rate of 3% until at least 2015.
Market players deem that TiO2 supplies should be increased, since the demand for this product grows quicker than the capacity (demand growth rate is 2-3% per year).
TiO2-producing countries (the USA and Western Europe) act as its major consumers.
Ilmenite production is distributed in the following way: Australia – 46%, Norway – 13%, Ukraine – 12%, USA – 8%, India – 8%, China – 4%, ROW – 9%. The outlook for Kazakhstan’s ilmenite potential seems bright thanks to large natural reserves of 60m mt of ilmenite.
Ilmenite is valuable ore for the production of titanium and its derivatives, which are widely applied in metallurgy, chemical and other industries.
Titanium dioxide is naturally-occurring mineral found in two main forms: rutile and anatase. Titanium dioxide has a variety of uses, as it is odourless and absorbent. This mineral can be found in many products, ranging from paint to food to cosmetics. In cosmetics, it serves several purposes. It is a white pigment, an opacifier and a sunscreen.
This market research report also features the following information:
• An overview of the global market for ilmenite and other titanium;
• Prices for titanium minerals;
• Ilmenite market in the CIS countries;
• Prospective ilmenite consumers; etc.
http://www.newswiretoday.com/news/18844/
Automatische Übersetzung:
Der Markt für Titanmineralien wächst durch 5-8% sagt jährlich Handelsforschung u. beratene Ltd. NewswireToday - /newswire/ - Limassol, Zypern,
05/30/2007 - entsprechend Handelsforschung u. beratener Ltd. beratener Agentur, war die durchschnittliche Nachfrage-Wachstumsrate des Jahrbuches TiO2 2003-2006 herum 2%. Titanmarkt wird prognostiziert, um beständig zu bleiben; die Nachfrage nach ihr fährt fort zu steigen.
Titanmineralien werden hauptsächlich für die Produktion des Titandioxids benutzt, während ihr etwas für die Herstellung des metallischen Titans und seiner Chemikaliemittel eingesetzt wird. Ungefähr 94% von Titanmineralviehbestandproduktion wird in der Produktion des Titanpigments des dioxids (TiO2), hauptsächlich für Gebrauch in den Schichten, im Plastik und in den Papierindustrien verbraucht.
Infolgedessen beeinflußt das Verhalten in diesen Industrien Titanviehbestandproduzenten. Die Marktaussicht für Titanmineralien, Ilmenit und Rutil, ist positiv, Auftrieb gegeben durch starkes Wachstum in allen Verwendungsektoren.
er Pigmentsektor, der bei weitem der größte Bestandteil der Nachfrage ist, wird prognostiziert, um mit einer durchschnittlichen zusammengesetzten jährlichen Rate von 3% bis 2015 zu wachsen mindestens.
Spekulanten meinen, daß Versorgungsmaterialien TiO2 erhöht werden sollten, da die Nachfrage nach diesem Produkt schneller als die Kapazität wächst (NachfrageWachstumsrate ist 2-3% pro Jahr).
TiO2-producing Länder (die USA und das Westeuropa) dienen als seine Hauptverbraucher. Ilmenitproduktion wird folgendermaßen verteilt: Australien - 46%, Norwegen - 13%, Ukraine - 12%, USA - 8%, Indien - 8%, China - 4%, REIHE - 9%.
Die Aussicht für Ilmenitpotential Kazakhstans scheint helle dank große natürliche Reserven von 60m Millitorr von Ilmenit. Ilmenit ist wertvolles Erz für die Produktion des Titans und seiner Ableitungen, die weit in der Metallurgie, in der Chemikalie und in anderen Industrien angewendet werden. Titandioxid ist das natürlich vorkommende Mineral, das in zwei Hauptformen gefunden wird: Rutil und anatase.
Titandioxid hat eine Vielzahl des Gebrauches, da es geruchlos und saugfähig ist. Dieses Mineral kann in vielen Produkten gefunden werden und von Farbe zu Nahrung bis zu Kosmetik reichen. In den Kosmetik dient es einige Zwecke.
Es ist ein weißes Pigment, ein Trübungsmittel und a sunscreen.
Dieser Marktforschungreport kennzeichnet auch die folgenden Informationen: • Ein überblick über den globalen Markt für Ilmenit und anderes Titan; • Preise für Titanmineralien; • Ilmenitmarkt in den DIESSEITS Ländern; • Zukünftige Ilmenitverbraucher; etc.
Mal schauen, ob der Käufer sich hier auch mal meldet. Bisher sind wir ja ziemlich allein auf weiter Flur in diesem thread. Also nur Mut....
Hier ein Bericht über das Wachstum von Titanium Minerals:
The Market for Titanium Minerals Grows by 5-8% Annually Says Merchant Research & Consulting Ltd
NewswireToday - /newswire/ - Limassol, Cyprus,
05/30/2007 - According to Merchant Research & Consulting Ltd. consulting agency, the average annual TiO2 demand growth rate in 2003-2006 was around 2%.
Titanium market is forecast to remain stable; the demand for it will continue to rise.
Titanium minerals are used primarily for the production of titanium dioxide, while their small amount is employed for the manufacture of metallic titanium and its chemical compounds. Approximately 94% of titanium mineral feedstock production is consumed in the production of titanium dioxide (TiO2) pigment, primarily for use in the coatings, plastics and paper industries. As a result, the behaviour in these industries affects titanium feedstock producers.
The market outlook for titanium minerals, ilmenite and rutile, is positive, buoyed by strong growth in all end use sectors. The pigment sector, which is by far the largest component of demand, is forecast to grow at an average compound annual rate of 3% until at least 2015.
Market players deem that TiO2 supplies should be increased, since the demand for this product grows quicker than the capacity (demand growth rate is 2-3% per year).
TiO2-producing countries (the USA and Western Europe) act as its major consumers.
Ilmenite production is distributed in the following way: Australia – 46%, Norway – 13%, Ukraine – 12%, USA – 8%, India – 8%, China – 4%, ROW – 9%. The outlook for Kazakhstan’s ilmenite potential seems bright thanks to large natural reserves of 60m mt of ilmenite.
Ilmenite is valuable ore for the production of titanium and its derivatives, which are widely applied in metallurgy, chemical and other industries.
Titanium dioxide is naturally-occurring mineral found in two main forms: rutile and anatase. Titanium dioxide has a variety of uses, as it is odourless and absorbent. This mineral can be found in many products, ranging from paint to food to cosmetics. In cosmetics, it serves several purposes. It is a white pigment, an opacifier and a sunscreen.
This market research report also features the following information:
• An overview of the global market for ilmenite and other titanium;
• Prices for titanium minerals;
• Ilmenite market in the CIS countries;
• Prospective ilmenite consumers; etc.
http://www.newswiretoday.com/news/18844/
Automatische Übersetzung:
Der Markt für Titanmineralien wächst durch 5-8% sagt jährlich Handelsforschung u. beratene Ltd. NewswireToday - /newswire/ - Limassol, Zypern,
05/30/2007 - entsprechend Handelsforschung u. beratener Ltd. beratener Agentur, war die durchschnittliche Nachfrage-Wachstumsrate des Jahrbuches TiO2 2003-2006 herum 2%. Titanmarkt wird prognostiziert, um beständig zu bleiben; die Nachfrage nach ihr fährt fort zu steigen.
Titanmineralien werden hauptsächlich für die Produktion des Titandioxids benutzt, während ihr etwas für die Herstellung des metallischen Titans und seiner Chemikaliemittel eingesetzt wird. Ungefähr 94% von Titanmineralviehbestandproduktion wird in der Produktion des Titanpigments des dioxids (TiO2), hauptsächlich für Gebrauch in den Schichten, im Plastik und in den Papierindustrien verbraucht.
Infolgedessen beeinflußt das Verhalten in diesen Industrien Titanviehbestandproduzenten. Die Marktaussicht für Titanmineralien, Ilmenit und Rutil, ist positiv, Auftrieb gegeben durch starkes Wachstum in allen Verwendungsektoren.
er Pigmentsektor, der bei weitem der größte Bestandteil der Nachfrage ist, wird prognostiziert, um mit einer durchschnittlichen zusammengesetzten jährlichen Rate von 3% bis 2015 zu wachsen mindestens.
Spekulanten meinen, daß Versorgungsmaterialien TiO2 erhöht werden sollten, da die Nachfrage nach diesem Produkt schneller als die Kapazität wächst (NachfrageWachstumsrate ist 2-3% pro Jahr).
TiO2-producing Länder (die USA und das Westeuropa) dienen als seine Hauptverbraucher. Ilmenitproduktion wird folgendermaßen verteilt: Australien - 46%, Norwegen - 13%, Ukraine - 12%, USA - 8%, Indien - 8%, China - 4%, REIHE - 9%.
Die Aussicht für Ilmenitpotential Kazakhstans scheint helle dank große natürliche Reserven von 60m Millitorr von Ilmenit. Ilmenit ist wertvolles Erz für die Produktion des Titans und seiner Ableitungen, die weit in der Metallurgie, in der Chemikalie und in anderen Industrien angewendet werden. Titandioxid ist das natürlich vorkommende Mineral, das in zwei Hauptformen gefunden wird: Rutil und anatase.
Titandioxid hat eine Vielzahl des Gebrauches, da es geruchlos und saugfähig ist. Dieses Mineral kann in vielen Produkten gefunden werden und von Farbe zu Nahrung bis zu Kosmetik reichen. In den Kosmetik dient es einige Zwecke.
Es ist ein weißes Pigment, ein Trübungsmittel und a sunscreen.
Dieser Marktforschungreport kennzeichnet auch die folgenden Informationen: • Ein überblick über den globalen Markt für Ilmenit und anderes Titan; • Preise für Titanmineralien; • Ilmenitmarkt in den DIESSEITS Ländern; • Zukünftige Ilmenitverbraucher; etc.
Unter diesem link bekommt man einen deailierten Bericht über Tiomin Resources. Kostet normalerweise 20 $ aber über diesen link ist eine Registrierung nicht nötig.
Ich zitiere den user "kooler" vom kanad. Bullboard:
"What I find interesting is on page 4, the Cash Per Share in 3 Year Growth is 1.73. That was basically my guess of a 10 bagger from the current price."
Also vom gegenwärtigen Kursniveau hätte Tiomin somit eine Chance auf Verzehnfachung.
http://www.yghost.com/FileShare/TIO_report.pdf
Ich zitiere den user "kooler" vom kanad. Bullboard:
"What I find interesting is on page 4, the Cash Per Share in 3 Year Growth is 1.73. That was basically my guess of a 10 bagger from the current price."
Also vom gegenwärtigen Kursniveau hätte Tiomin somit eine Chance auf Verzehnfachung.
http://www.yghost.com/FileShare/TIO_report.pdf
Antwort auf Beitrag Nr.: 30.367.754 von jensdab am 28.06.07 14:45:09Klar mein Freund. Deshalb und nur deshalb sind wir doch drin
Hatte die Woche sehr viel zu tun. Bin zwischenzeitlich in Simberi eingestiegen. Kannst Dir mal anschauen. Könnte ein Knaller werden. Ist aber ein sehr gewagtes Invest.
Hatte die Woche sehr viel zu tun. Bin zwischenzeitlich in Simberi eingestiegen. Kannst Dir mal anschauen. Könnte ein Knaller werden. Ist aber ein sehr gewagtes Invest.
Antwort auf Beitrag Nr.: 30.376.578 von jaffa am 28.06.07 21:04:41Klingt auf jeden Fall interessant - ziemliches Risiko aber natürlich auch riesiges Potential. Habe mal in Frankfurt eine Kauforder für 0,055 plaziert. Scheint sich aber nicht viel abzuspielen in D.
Bei Tiomin gibt es nichts Spektakuläres - bewegt sich seitwärts und hat sich bisher ganz gut gehalten auch im allgemeinen Abwärtstrend diese Woche.
Hier ist eine e-mail Antwort des CEO von TIOMIN Robert Jackson zu einem kanadischen Bullboard Mitglied:
Die Meinungen im Board häufen sich, das irgendwann Jinchuan Tiomin übernehen wird. Hoffentlich steigt der Kurs bis dahin noch ordentlich!!
I'd like to share with you all an email I sent today to Robert Jackson.
___________________________________________________________________
Hi Bob,
How is it going? I trust everything’s going well. I just got hold of a copy of Reuters Research Report on Tiomin and would appreciate your comments on a couple of things in the report.
Page 1 under Business Summary’s last sentence “On August 1, 2006, the Company commenced construction of its Kwale project in Kenya”. Is this accurate? Please share with us any update you may have on this?
Page 4 Per Share Data, Cash Per Share of 1.73 in the 3 Year Growth Column. Is this a reasonable estimate?
Any other comments you may have on the other data in the report?
I am also wondering about the status of Tiomin’s license in Tanzania. In the following paragraph taken from a NR dated May 02, 2006, titled "Tiomin Acquires New Mineral Sands Reconnaissance Exploration License in Tanzania": The license was acquired under an option agreement with Karoo Exploration Services Company Limited of Dar es Salaam. Tiomin has agreed to pay Karoo US$1,000 upon completion of filing and issuance of the reconnaissance exploration license and make annual payments of US$2,000 until the Mineral Interest expires or is surrendered. Tiomin can acquire 100% interest in this exploration license upon the payment of US$20,000 at any time. Does Tiomin now have 100% interest in this exploration license?
The other thing that’s on my mind in Jinchuan. I’m a bit concern that they may decide to takeover Tiomin before its share price realized its full potential. Jinchuan has an 18-month option to increase its interest in Tiomin to 30% by subscribing for additional common shares at a price of $0.35 per share. Instead of exercising this option, Jinchuan could just buy at the open market today at a substantial lower price. Is there an agreement between Tiomin and Jinchuan whereby Jinchuan is restricted from acquiring additional shares in the open market? In the event of a hostile takeover attempt, is there a shareholder’s rights plan in place to protect the interest of all shareholders?
Thank you in advance for your quick response.
Warm Regards,
This is his reply: _______________________________________________________________
Thanks for your enthusiastic support.
The events of 2006 clearly derailed our construction plans amd we are not restarting anything until the Government of Kenya delivers on its commitments. This will allow us to renew our efforts to form a debt syndicate and relaunch the project. I can offer you no fixed deadline for their completing everything. However, the farmers have largely left the land and the troublemakers are evicted. We can start as soon as the Government does its stuff and a debt financing is in place.
We do not comment on future forecasts, particularly when the forecaster never called us to discuss their model.
I have no other comments on the report other than these reports are produced en-masse using public data and without discussion with the Company.
I am awaiting a clarification on the status of the transfer of the licence to Tiomin Tanzania. At this point I have no reason to think anything other than the process is going through the normal steps. However, this is Africa with the normal African risks.
Jinchuan may acquire shares in the market place but they have to disclose it now that they own more than 10%. We have no shareholder rights plan at the moment and do not plan on implementing one for the time being.
Hope this answers your questions.
Bob
Bei Tiomin gibt es nichts Spektakuläres - bewegt sich seitwärts und hat sich bisher ganz gut gehalten auch im allgemeinen Abwärtstrend diese Woche.
Hier ist eine e-mail Antwort des CEO von TIOMIN Robert Jackson zu einem kanadischen Bullboard Mitglied:
Die Meinungen im Board häufen sich, das irgendwann Jinchuan Tiomin übernehen wird. Hoffentlich steigt der Kurs bis dahin noch ordentlich!!
I'd like to share with you all an email I sent today to Robert Jackson.
___________________________________________________________________
Hi Bob,
How is it going? I trust everything’s going well. I just got hold of a copy of Reuters Research Report on Tiomin and would appreciate your comments on a couple of things in the report.
Page 1 under Business Summary’s last sentence “On August 1, 2006, the Company commenced construction of its Kwale project in Kenya”. Is this accurate? Please share with us any update you may have on this?
Page 4 Per Share Data, Cash Per Share of 1.73 in the 3 Year Growth Column. Is this a reasonable estimate?
Any other comments you may have on the other data in the report?
I am also wondering about the status of Tiomin’s license in Tanzania. In the following paragraph taken from a NR dated May 02, 2006, titled "Tiomin Acquires New Mineral Sands Reconnaissance Exploration License in Tanzania": The license was acquired under an option agreement with Karoo Exploration Services Company Limited of Dar es Salaam. Tiomin has agreed to pay Karoo US$1,000 upon completion of filing and issuance of the reconnaissance exploration license and make annual payments of US$2,000 until the Mineral Interest expires or is surrendered. Tiomin can acquire 100% interest in this exploration license upon the payment of US$20,000 at any time. Does Tiomin now have 100% interest in this exploration license?
The other thing that’s on my mind in Jinchuan. I’m a bit concern that they may decide to takeover Tiomin before its share price realized its full potential. Jinchuan has an 18-month option to increase its interest in Tiomin to 30% by subscribing for additional common shares at a price of $0.35 per share. Instead of exercising this option, Jinchuan could just buy at the open market today at a substantial lower price. Is there an agreement between Tiomin and Jinchuan whereby Jinchuan is restricted from acquiring additional shares in the open market? In the event of a hostile takeover attempt, is there a shareholder’s rights plan in place to protect the interest of all shareholders?
Thank you in advance for your quick response.
Warm Regards,
This is his reply: _______________________________________________________________
Thanks for your enthusiastic support.
The events of 2006 clearly derailed our construction plans amd we are not restarting anything until the Government of Kenya delivers on its commitments. This will allow us to renew our efforts to form a debt syndicate and relaunch the project. I can offer you no fixed deadline for their completing everything. However, the farmers have largely left the land and the troublemakers are evicted. We can start as soon as the Government does its stuff and a debt financing is in place.
We do not comment on future forecasts, particularly when the forecaster never called us to discuss their model.
I have no other comments on the report other than these reports are produced en-masse using public data and without discussion with the Company.
I am awaiting a clarification on the status of the transfer of the licence to Tiomin Tanzania. At this point I have no reason to think anything other than the process is going through the normal steps. However, this is Africa with the normal African risks.
Jinchuan may acquire shares in the market place but they have to disclose it now that they own more than 10%. We have no shareholder rights plan at the moment and do not plan on implementing one for the time being.
Hope this answers your questions.
Bob
Antwort auf Beitrag Nr.: 30.397.533 von jensdab am 29.06.07 19:17:45Hab ich auch schon vernommen, dass auf eine Übernahme spekuliert wird. Prinzipiell nix dagegen, wenn ich meinen Schnitt dabei mache. Der Kurs sollte bis dahin aber noch ne Ecke zulegen. Zur anderen Sache - Simberi - könnte echt eine Granate werden. Risiko enorm hoch, allerdings auch die Chance auf riessen Gewinn. Bin nicht hoch rein, nur mit etwas Zockgeld. Schönes WE
News:
Tiomin Explores Brazilian Opportunities, Signs Agreement
TORONTO, ONTARIO, Jul 3, 2007 (CCNMatthews via COMTEX) -- (CCN Mathews)
Tiomin Resources Inc. (TSX:TIO) ('Tiomin' or the 'Company') is pleased to announce that it has entered into a mineral exploration and development agreement with Amazonia Mineracao Ltda. ('AMZ'), a privately owned Brazilian company.
Under the terms of the agreement, Tiomin earns a minimum 50% vested interest in a mineral sands or base metal project procured by AMZ by spending US$5 million on exploration and development within a four year period. Tiomin can then earn an additional 20% by completing a final feasibility study within a further three years. Upon completion of the final feasibility study, AMZ has the option to either fund its share of continuing expenses, sell its interest to Tiomin on pre-agreed terms or dilute down to a minimum 10% equity interest, which is convertible to a 2% Net Smelter Return.
AMZ is a respected and successful privately owned Brazilian mineral exploration and development company. It is owned and managed by well known Brazilian professionals, and includes internationally renowned Canadian experts as shareholders and directors. AMZ focuses on identifying and advancing high quality mineral projects, bringing in capable partners to jointly develop them to production. Main partnerships include Sertao Mineracao, a JV company with Troy Resources of Australia, which acquired and developed the Sertao gold project, producing more than 240,000 ounces gold in the last 4 years. AMZ has strategic alliances with International Nickel Ventures of Canada, Mineracao Marina of Brazil, and now Tiomin. Consequently, in the last 3 years, AMZ has become one of the most active exploration groups in Brazil, managing annual budgets of US$5 million to US$7 million, and employing more than 20 geologists.
Mr. Robert Jackson, President and CEO of Tiomin commented "We are delighted to partner with AMZ, which has an extremely experienced team of geologists and technicians in Brazil that fits well with Tiomin. AMZ has a portfolio of interesting mineral sand and base metal opportunities that we will jointly evaluate. We like Brazil for its low political risk and because it is relatively under-explored. It has clearly defined mining laws, an experienced bureaucracy and a supportive government. Given our strong cash position, we are actively seeking opportunities with experienced and well-connected local partners in countries with good geology and manageable political risk. This deal meets those criteria exactly."
Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
SOURCE: Tiomin Resources Inc.
Tiomin Resources Inc. Jean-Charles Potvin Executive Chairman (416) 350-3779 Ext. 227 Tiomin Resources Inc. Robert Jackson President & CEO (416) 350-3779 Ext. 230 Tiomin Resources Inc. Joyce Misoi Project Coordinator & IR (416) 350-3779 Ext. 233 Email: jmisoi@tiomin.com
Website: www.tiomin.com
Heute überwiegen wieder die Käufe - Kurs bei 0,16 - 0,165 C$
Antwort auf Beitrag Nr.: 30.476.388 von jensdab am 03.07.07 20:46:29Hi, news wird aber unterschiedlich aufgenommen. Einige begrüssen den Inhalt der Nachricht, ander wiederum verstehen nicht, dass der Focus nicht auf Kwale gerichtet ist und jetzt an einer anderen Ecke eine neue Baustelle aufgerissen wird
Ich persönlich sehe es eher positiv, sich nicht nur auf ein Projekt zu versteifen.
Ich persönlich sehe es eher positiv, sich nicht nur auf ein Projekt zu versteifen.
Antwort auf Beitrag Nr.: 30.478.014 von jaffa am 03.07.07 22:58:20sehe ich auch ähnlich wie Du. Kann nicht schaden wenn Tiomin sich weitere Optionen schafft wo es auch politisch stabiler ist.
Schau Dir mal folgenden Wert an: Coeur d’Alene Mines - hauptsächlich Silber Produzent - ist ein guter Einstiegspunkt zur Zeit, da die Aktie wahrscheinlich einen Boden gefunden hat.
Wäre ein gutes Langzeit Investment mit überschaubarem Risiko und großem Potential wenn der Silberpreis steigt.
WKN: 868071
gibt auch einen thread bei WO
zusätzliche info:
http://gold.seekingalpha.com/article/33465
Schau Dir mal folgenden Wert an: Coeur d’Alene Mines - hauptsächlich Silber Produzent - ist ein guter Einstiegspunkt zur Zeit, da die Aktie wahrscheinlich einen Boden gefunden hat.
Wäre ein gutes Langzeit Investment mit überschaubarem Risiko und großem Potential wenn der Silberpreis steigt.
WKN: 868071
gibt auch einen thread bei WO
zusätzliche info:
http://gold.seekingalpha.com/article/33465
Antwort auf Beitrag Nr.: 30.497.626 von jensdab am 05.07.07 04:10:08Hallo Jensi. Noch drin - oder schon raus. Sehr ruhig geworden um unsere Perle. Hoffentlich kommt mal bald wieder was zu Kwale? Im Bullboard ist die Stimmung ja ziemlich positiv, aber auch hier eher ruhiger geworden?!?!
Antwort auf Beitrag Nr.: 30.625.509 von jaffa am 11.07.07 08:55:15Natürlich bin ich noch dabei und das wird sich auch in absehbarer Zeit nicht ändern. Tiomin soll erst einmal sein Kwale Projekt realisieren, dann produzieren und schön kontinuierlich steigen und dann schaun wa mal...
Ich bin kein Freund von Kaufen und Verkaufen sondern Langzeitinvestor immer mindestens 1 Jahr Haltedauer.
Das könnte sich ändern ab 2009 mit der Abgeltungssteuer. Wenn es da kurzfristige Chancen gibt, kann ich mir das eher vorstellen.
Was ich noch nicht in meinem Depot habe: Rare Earth Minen.
Lynas Corp. und Arfura habe ich verpasst. Die sind alle schon sehr gut gelaufen.
Jetzt werfe ich ein Auge auf einen australischen Explorer, der außer Gold auch seltene Erden hat.
Geht aber recht spät in Produktion. Deshalb kann man sie noch relativ preiswert bekommen.
NAVIGATOR RESOURCES LTD.WKN 911185
Allerdings auch so gut wie kein Umsatz in Berlin.
NAV an der ASX gelistet.
Unter diesem link findest Du noch gutes Basiswissen über Seltene Erden:
http://www.goldseiten.de/content/diverses/artikel.php?storyi…
Gruß von Jens
Ich bin kein Freund von Kaufen und Verkaufen sondern Langzeitinvestor immer mindestens 1 Jahr Haltedauer.
Das könnte sich ändern ab 2009 mit der Abgeltungssteuer. Wenn es da kurzfristige Chancen gibt, kann ich mir das eher vorstellen.
Was ich noch nicht in meinem Depot habe: Rare Earth Minen.
Lynas Corp. und Arfura habe ich verpasst. Die sind alle schon sehr gut gelaufen.
Jetzt werfe ich ein Auge auf einen australischen Explorer, der außer Gold auch seltene Erden hat.
Geht aber recht spät in Produktion. Deshalb kann man sie noch relativ preiswert bekommen.
NAVIGATOR RESOURCES LTD.WKN 911185
Allerdings auch so gut wie kein Umsatz in Berlin.
NAV an der ASX gelistet.
Unter diesem link findest Du noch gutes Basiswissen über Seltene Erden:
http://www.goldseiten.de/content/diverses/artikel.php?storyi…
Gruß von Jens
Hier eine Antwort vom TIOMIN CEO auf die Anfrage von Kooler aus dem kanadischen Bullboard.
Hört sich positiv an und alles hängt nun von den chinesichen Jinchuan Aktivitäten ab.
Bob's Reply seems to imply that good news may not be too far away
--------------------------------------------------------------------
The latest on Kwale is that we continue to complete the resettlement program, which is largely done. There are no farmers holding up progress. Jinchuan is reviewing the project and nothing will happen until they have finished.
There is no relationship with Peter Grandich. I can only assume that he lost faith in the ability of Kenta to provide the necessary platform to build a mining industry.
We note your comments on conference calls ands webcasts but we truly have to wait until Jinchuan has completed its steps before we initiate a broader IR program.
Regards
Bob
Hört sich positiv an und alles hängt nun von den chinesichen Jinchuan Aktivitäten ab.
Bob's Reply seems to imply that good news may not be too far away
--------------------------------------------------------------------
The latest on Kwale is that we continue to complete the resettlement program, which is largely done. There are no farmers holding up progress. Jinchuan is reviewing the project and nothing will happen until they have finished.
There is no relationship with Peter Grandich. I can only assume that he lost faith in the ability of Kenta to provide the necessary platform to build a mining industry.
We note your comments on conference calls ands webcasts but we truly have to wait until Jinchuan has completed its steps before we initiate a broader IR program.
Regards
Bob
Here's an extract from the article "Gold looking great! Plus Titanium another Hot Market!" by Larry Edelson.
There Are Plenty of Other Important Uses for This Unique Metal …
Due to its high corrosion resistance to seawater, titanium is used
extensively in the marine industries, to make everything from propeller shafts
to ocean desalination plants.
Titanium is also widely used in the chemical and petrochemical industries, in
automotive applications, and more recently, in the construction of high-rise
buildings.
And because titanium is non-toxic and is not rejected by the body, it's being
widely used in medical applications — surgical implements and implants, joint
replacements, and dental implants.
As you can imagine …
The Price of Titanium Is Going Bonkers to the Upside!
Historically, the price of titanium has been pretty stable. At least, it was
… until 2003. Since then, the price has exploded 400% from $7 a kilogram to over
$28.
And because of its limited supply and huge growing demand, I have no doubt
that the price of titanium will continue to explode higher. It would not be
far-fetched to see titanium hit new record levels in the next couple of years.
How can you profit from this metal? Well, there are at least four companies
you can investigate on your own:
* Titanium Metals (TIE)
* Aluminum Corp. of China (ACH)
* Allegheny Technologies (ATI)
* RTI International Metals (RTI)
For a complete read of the article, here's the link
http://www.marketoracle.co.uk/Article1213.html
Automatische Übersetzung:
Ist hier ein extrakt vom Artikel „das Gold, das groß schaut! Plus titan ein anderer heißer Markt!“ durch Larry Edelson.
Es gibt viel anderen wichtigen Gebrauches für dieses einzigartige Metall… Wegen seiner hohen Korrosionsbeständigkeit zum Meerwasser, Titan wird verwendet weitgehend in den Marineindustrien, alles von den Propellerwellen bilden zu den Ozeanentsalzenbetrieben.
Titan ist auch in den chemischen und petrochemischen Industrien, innen am meisten benutzt Automobilanwendungen und vor kurzem, im Aufbau von high-rise Gebäude.
Und weil Titan ungiftig ist und nicht vom Körper zurückgewiesen wird, ist er am meisten benutzt in den medizinischen Anwendungen - chirurgische Werkzeuge und Implantate, Verbindung Wiedereinbaue und Zahnimplantate.
Wie du dich vorstellen kannst… Der Preis des Titans ist gehendes Bonkers zur Oberseite!
Historisch ist der Preis des Titans recht beständig gewesen. Mindestens war er … bis 2003. Seit damals hat der Preis 400% von $7 ein Kilogramm zum überschuß explodiert $28. Und wegen seines begrenzten Versorgungsmaterials und sehr großen steigenden Nachfrage, habe ich keinen Zweifel daß der Preis des Titans fortfährt, stark zu explodieren.
Er würde nicht sein far-fetched Titan sehen, neue Rekordniveaus in den folgenden Paaren von Jahren zu schlagen.
Wie kannst du von diesem Metall profitieren?
Gut gibt es mindestens vier Firmen du kannst auf deinen Selbst nachforschen: * Titanmetalle (RIEGEL) * Aluminum Corp. von China (ACH) * Allegheny Technologien (ATI) * RTI internationale Metalle (RTI) Für ein komplettes gelesen vom Artikel, ist hier die Verbindung
http://www.marketoracle.co.uk/Article1213.html
There Are Plenty of Other Important Uses for This Unique Metal …
Due to its high corrosion resistance to seawater, titanium is used
extensively in the marine industries, to make everything from propeller shafts
to ocean desalination plants.
Titanium is also widely used in the chemical and petrochemical industries, in
automotive applications, and more recently, in the construction of high-rise
buildings.
And because titanium is non-toxic and is not rejected by the body, it's being
widely used in medical applications — surgical implements and implants, joint
replacements, and dental implants.
As you can imagine …
The Price of Titanium Is Going Bonkers to the Upside!
Historically, the price of titanium has been pretty stable. At least, it was
… until 2003. Since then, the price has exploded 400% from $7 a kilogram to over
$28.
And because of its limited supply and huge growing demand, I have no doubt
that the price of titanium will continue to explode higher. It would not be
far-fetched to see titanium hit new record levels in the next couple of years.
How can you profit from this metal? Well, there are at least four companies
you can investigate on your own:
* Titanium Metals (TIE)
* Aluminum Corp. of China (ACH)
* Allegheny Technologies (ATI)
* RTI International Metals (RTI)
For a complete read of the article, here's the link
http://www.marketoracle.co.uk/Article1213.html
Automatische Übersetzung:
Ist hier ein extrakt vom Artikel „das Gold, das groß schaut! Plus titan ein anderer heißer Markt!“ durch Larry Edelson.
Es gibt viel anderen wichtigen Gebrauches für dieses einzigartige Metall… Wegen seiner hohen Korrosionsbeständigkeit zum Meerwasser, Titan wird verwendet weitgehend in den Marineindustrien, alles von den Propellerwellen bilden zu den Ozeanentsalzenbetrieben.
Titan ist auch in den chemischen und petrochemischen Industrien, innen am meisten benutzt Automobilanwendungen und vor kurzem, im Aufbau von high-rise Gebäude.
Und weil Titan ungiftig ist und nicht vom Körper zurückgewiesen wird, ist er am meisten benutzt in den medizinischen Anwendungen - chirurgische Werkzeuge und Implantate, Verbindung Wiedereinbaue und Zahnimplantate.
Wie du dich vorstellen kannst… Der Preis des Titans ist gehendes Bonkers zur Oberseite!
Historisch ist der Preis des Titans recht beständig gewesen. Mindestens war er … bis 2003. Seit damals hat der Preis 400% von $7 ein Kilogramm zum überschuß explodiert $28. Und wegen seines begrenzten Versorgungsmaterials und sehr großen steigenden Nachfrage, habe ich keinen Zweifel daß der Preis des Titans fortfährt, stark zu explodieren.
Er würde nicht sein far-fetched Titan sehen, neue Rekordniveaus in den folgenden Paaren von Jahren zu schlagen.
Wie kannst du von diesem Metall profitieren?
Gut gibt es mindestens vier Firmen du kannst auf deinen Selbst nachforschen: * Titanmetalle (RIEGEL) * Aluminum Corp. von China (ACH) * Allegheny Technologien (ATI) * RTI internationale Metalle (RTI) Für ein komplettes gelesen vom Artikel, ist hier die Verbindung
http://www.marketoracle.co.uk/Article1213.html
UMSATZ in Berlin
Herzlichen Glückwunsch dem Käufer - das ist in Berlin eine Seltenheit und wird deshalb dokumentiert.
In Kanada beträgt der aktuelle Brief Kurs 0,111 Euro (0,16 C$) also etwas zu viel bezahlt, aber dafür entfallen in D die höheren Gebühren, (ca. 30 Euro je nach Bank) die bei Auslandskäufen anfallen.
Wäre schön, wenn der Käufer sich hier meldet, denn dies ist noch eine sehr kleine Tiomin Fan-Gemeinde.
Zum Vergleich der Chart aus Kanada:
Herzlichen Glückwunsch dem Käufer
- das ist in Berlin eine Seltenheit und wird deshalb dokumentiert.In Kanada beträgt der aktuelle Brief Kurs 0,111 Euro (0,16 C$) also etwas zu viel bezahlt, aber dafür entfallen in D die höheren Gebühren, (ca. 30 Euro je nach Bank) die bei Auslandskäufen anfallen.
Wäre schön, wenn der Käufer sich hier meldet, denn dies ist noch eine sehr kleine Tiomin Fan-Gemeinde.
Zum Vergleich der Chart aus Kanada:
Antwort auf Beitrag Nr.: 30.734.306 von jensdab am 17.07.07 21:24:38Freut mich, dass mal wieder was geht hier in D. Vielleicht macht´s langsam doch die Runde, auf was für eine Perle wir hier sitzen
Los Käufer, melde Dich und am Besten, Du legst morgen gleich nochmal nach.
Los Käufer, melde Dich und am Besten, Du legst morgen gleich nochmal nach.
Rege Kaufaktivität in Kanada. Da scheinen sich die Großen mit Tiomin Aktien einzudecken.
Fast 1.000.000 Aktien wurden in den letzten Minuten gekauft.
Nearly 1,000,000 shares traded in last minutes, then another 313000 traded after hours. Somethin must be on the way.
Time Price Volume Buyer Seller
16:15 0.160 100,000 National Bank Pictet
16:15 0.160 20,000 National Bank Desjardins
16:15 0.160 14,000 National Bank RBC
16:15 0.160 20,000 National Bank Desjardins
16:15 0.160 20,000 National Bank Desjardins
16:15 0.160 41,000 National Bank RBC
16:15 0.160 8,000 National Bank BMO Nesbitt
16:15 0.160 89,500 National Bank RBC
15:58 0.160 40,500 Anonymous RBC
15:58 0.160 10,000 Anonymous TD Sec
Kommentar eines kanadischen Bullboard users:
The big guys are starting to move in....
Mal sehen, ob Tiomin trotz des schwachen Börsenumfeldes am Donnerstag behaupten kann.
0,005 + (3,23%) Kurs 0,16 C$
Fast 1.000.000 Aktien wurden in den letzten Minuten gekauft.
Nearly 1,000,000 shares traded in last minutes, then another 313000 traded after hours. Somethin must be on the way.
Time Price Volume Buyer Seller
16:15 0.160 100,000 National Bank Pictet
16:15 0.160 20,000 National Bank Desjardins
16:15 0.160 14,000 National Bank RBC
16:15 0.160 20,000 National Bank Desjardins
16:15 0.160 20,000 National Bank Desjardins
16:15 0.160 41,000 National Bank RBC
16:15 0.160 8,000 National Bank BMO Nesbitt
16:15 0.160 89,500 National Bank RBC
15:58 0.160 40,500 Anonymous RBC
15:58 0.160 10,000 Anonymous TD Sec
Kommentar eines kanadischen Bullboard users:
The big guys are starting to move in....
Mal sehen, ob Tiomin trotz des schwachen Börsenumfeldes am Donnerstag behaupten kann.
0,005 + (3,23%) Kurs 0,16 C$
Wieder mal ein Käufer in Berlin.
Glückwunsch zum derzeitigen Einstieg auf immer noch niedrigem Niveau!
Wäre schön, wenn sich hier noch einige user sich melden würden zu einem Informations- und Meinungsaustausch.
Glückwunsch zum derzeitigen Einstieg auf immer noch niedrigem Niveau!
Wäre schön, wenn sich hier noch einige user sich melden würden zu einem Informations- und Meinungsaustausch.
hallo,
also ich bin deiner aufforderung gefolgt und melde mich mal.
ich hab mir vor ca. 2 monaten auch tiomin gekauft und hoffe auf stetes wachstum in den nächsten 2-3 jahren.
ausserdem hab ich einen tip von euch aufgegriffen und mir simberi gekauft, wovon ich mir auch einiges verspreche und die was die kursentwicklung sowie auch die umsätze richtig gut laufen.
man muss nur ein wenig geduld aufbringen in der jetzigen volatilen phase an den märkten und den grund für das invetment nicht aus den augen verlieren, nämlich steigender bedarf des rohstoffes, steigende preise und steigende profitabilität der unternehmen.
gruss tino
also ich bin deiner aufforderung gefolgt und melde mich mal.
ich hab mir vor ca. 2 monaten auch tiomin gekauft und hoffe auf stetes wachstum in den nächsten 2-3 jahren.
ausserdem hab ich einen tip von euch aufgegriffen und mir simberi gekauft, wovon ich mir auch einiges verspreche und die was die kursentwicklung sowie auch die umsätze richtig gut laufen.
man muss nur ein wenig geduld aufbringen in der jetzigen volatilen phase an den märkten und den grund für das invetment nicht aus den augen verlieren, nämlich steigender bedarf des rohstoffes, steigende preise und steigende profitabilität der unternehmen.
gruss tino
Antwort auf Beitrag Nr.: 30.782.053 von tinozi74 am 20.07.07 21:48:12Hi tinozi, guter Einstieg in ein voraussichtlich gutes Invest. Dein Einstieg in Simberi sollte sich ebenfalls lohnen. Hier könnte es allerdings noch bedeutend schneller gehen als bei TIO. Viel Glück und schönes WE.
Viel Glück und schönes WE.
Antwort auf Beitrag Nr.: 30.782.053 von tinozi74 am 20.07.07 21:48:12Schön, das Du Dich gemeldet hast.
Herzlich willkommen in dieser noch sehr kleinen TIOMIN Gemeinschaft!!
Vielleicht sieht das in einem Jahr schon anders aus mit dem Interesse für Tiomin. Noch ist dieser Explorer fast unbekannt in Deutschland.
An welcher Börse hast Du Simberi Mining gekauft?
Ich habe es auch schon mal in Frankfurt versucht, aber mein limit war wohl zu niedrig, sodass ich nicht bedient wurde.
Habe noch einen Explorer, von dem ich mir was ins Depot legen möchte. Dieser Wert ist noch nicht so gelaufen wie Lynas Corp. und Arafura. Vielleicht gibt es da nächste Woche mal ein Abstauber limit (vielleicht 0,26) in dem volatilen Sommerloch... :
WKN: 886786 Great Western Minerals (GWG) mit aussichtsreichem Rare Earth Projekt, das aber erst spät in Produktion geht, ähnlich wie Tiomin.
Gruß und ein schönes Wochenende wünscht
Jens
Herzlich willkommen in dieser noch sehr kleinen TIOMIN Gemeinschaft!!
Vielleicht sieht das in einem Jahr schon anders aus mit dem Interesse für Tiomin. Noch ist dieser Explorer fast unbekannt in Deutschland.
An welcher Börse hast Du Simberi Mining gekauft?
Ich habe es auch schon mal in Frankfurt versucht, aber mein limit war wohl zu niedrig, sodass ich nicht bedient wurde.
Habe noch einen Explorer, von dem ich mir was ins Depot legen möchte. Dieser Wert ist noch nicht so gelaufen wie Lynas Corp. und Arafura. Vielleicht gibt es da nächste Woche mal ein Abstauber limit (vielleicht 0,26) in dem volatilen Sommerloch... :
WKN: 886786 Great Western Minerals (GWG) mit aussichtsreichem Rare Earth Projekt, das aber erst spät in Produktion geht, ähnlich wie Tiomin.
Gruß und ein schönes Wochenende wünscht
Jens
Unter diesem link bekommt man den aktuellen Kursverlauf von Tiomin Resources - in Kanada (TIO.TO) hier gibt es auch Jahres charts - die werden beim deutschen Yahoo nicht angezeigt.
http://finance.yahoo.com/q?s=Tio.TO&x=45&y=16" target="_blank" rel="nofollow ugc noopener">http://finance.yahoo.com/q?s=Tio.TO&x=45&y=16
Tiomin Resources Inc. Company Profile
Tiomin Resources has titanium on its mind. The company is currently developing its Kwale titanium project in Kenya. Once in production (expected to begin in 2008 or 2009), Kwale will produce rutile and ilmenite (sources of titanium dioxide), as well as zircon (used in ceramic glazing, foundry molds, and electronics).
Titanium dioxide pigment is used in paints, sunscreens, plastics, and textiles. In addition, Tiomin has other exploration properties located in Kenya and Canada. It's also involved in a copper and gold mining joint venture in Peru.
company Profile:
nur der Produktionsbeginn stimmt nicht, habe ihn deshalb oben aktualisiert.
http://biz.yahoo.com/ic/117/117928.html
http://finance.yahoo.com/q?s=Tio.TO&x=45&y=16" target="_blank" rel="nofollow ugc noopener">http://finance.yahoo.com/q?s=Tio.TO&x=45&y=16
Tiomin Resources Inc. Company Profile
Tiomin Resources has titanium on its mind. The company is currently developing its Kwale titanium project in Kenya. Once in production (expected to begin in 2008 or 2009), Kwale will produce rutile and ilmenite (sources of titanium dioxide), as well as zircon (used in ceramic glazing, foundry molds, and electronics).
Titanium dioxide pigment is used in paints, sunscreens, plastics, and textiles. In addition, Tiomin has other exploration properties located in Kenya and Canada. It's also involved in a copper and gold mining joint venture in Peru.
company Profile:
nur der Produktionsbeginn stimmt nicht, habe ihn deshalb oben aktualisiert.
http://biz.yahoo.com/ic/117/117928.html
Hallo Tino und jaffa,
schaut mal in Eure boardmail - wäre vielleicht auch was für Euch.
gruß Jens
schaut mal in Eure boardmail - wäre vielleicht auch was für Euch.
gruß Jens
Antwort auf Beitrag Nr.: 30.795.218 von jensdab am 22.07.07 14:58:08BM
Da hält sich Tiomin ja noch ganz gut bei dem gegenwärtigen Abwärtstrend.
Das ist ein Vorteil von Tiomin - nach unten ist das Rückschlagrisiko begrenzt u.a. durch den Einkauf von 0,15 C$ der Chinesen und nach oben ist der Weg offen mit einem großen Potential.
Bin ab heute für 10 Tage in Ostfriesland im Urlaub.
Da wird es wahrscheinlich ruhig zugehen im Tiomin thread.
Werde wohl ab und zu mal im internet cafe hereinschauen, wie sich alles entwickelt in dem jetzigen volatilen Sommerloch...
gruß jensdab
Das ist ein Vorteil von Tiomin - nach unten ist das Rückschlagrisiko begrenzt u.a. durch den Einkauf von 0,15 C$ der Chinesen und nach oben ist der Weg offen mit einem großen Potential.
Bin ab heute für 10 Tage in Ostfriesland im Urlaub.
Da wird es wahrscheinlich ruhig zugehen im Tiomin thread.
Werde wohl ab und zu mal im internet cafe hereinschauen, wie sich alles entwickelt in dem jetzigen volatilen Sommerloch...
gruß jensdab
Tach...
Frage: hat sich durch den Einstieg der Chinesen grundlegend am Kwale Titanium project in Kenya etwas bewegt?
Gibt es ne klare Aussage?
Gibt es ne klare Aussage?
Antwort auf Beitrag Nr.: 30.866.248 von XIO am 26.07.07 20:37:09Nein. Und darum tut sich auch nix
Alle warten, bis die Chinesen sich mal äussern!
Alle warten, bis die Chinesen sich mal äussern!
Antwort auf Beitrag Nr.: 30.959.962 von jaffa am 31.07.07 23:20:25naja.. ich bin mal mit ner kleinen Posi über den TSX heute rein
Paul Fortin (Gecamines Managing Director).... der macht keine halben Sachen.....
dabeisein ist wohl Pflicht
Paul Fortin (Gecamines Managing Director).... der macht keine halben Sachen.....
dabeisein ist wohl Pflicht
Antwort auf Beitrag Nr.: 30.972.273 von XIO am 01.08.07 20:30:46Habe gerade etwas gestöbert. Ganz interessanter Bereicht von der taz vom März 07 über Gecamines und Fortin. Denke auch, dass der Katanga vorantreiben will und wie in diesem Bericht geschrieben wurde, er sehr viel tut, um ausländische Firmen in dieses Gebiet zu locken. Wir werden sehen ober er unsere Kupfer-Kobalt-Sau mitverdienen lässt.
Antwort auf Beitrag Nr.: 30.972.273 von XIO am 01.08.07 20:30:46Äh, jetzt haben wir uns wohl beide im Threat geirrt oder peil ich gerade überhaupt nix mehr
Antwort auf Beitrag Nr.: 30.974.772 von jaffa am 01.08.07 23:04:34nene, schon ok, Paul Fortin ist die Querverbindung zw. Tiomin und Gecamines.
Mal sehen, ob er am 12,08. seinen Gecamines Vertrag verlängert oder nicht.
Paul Fortin
Position: Director
Mr. Fortin is currently a director and General Manager of Gecamines, a copper and cobalt mining company owned by the Democratic Republic of Congo, a position he has held since January 2006. He is an experienced international mining lawyer who was previously General Counsel for Gold Fields Limited and who has advised Barrick Gold Corporation. He was previously a director of Tiomin Kenya Limited and General Manager of the Kwale Project.
http://www.tiomin.com/s/Management.asp
Google einfach mal nach Paul Fortin und Gecamines
Mal sehen, ob er am 12,08. seinen Gecamines Vertrag verlängert oder nicht.
Paul Fortin
Position: Director
Mr. Fortin is currently a director and General Manager of Gecamines, a copper and cobalt mining company owned by the Democratic Republic of Congo, a position he has held since January 2006. He is an experienced international mining lawyer who was previously General Counsel for Gold Fields Limited and who has advised Barrick Gold Corporation. He was previously a director of Tiomin Kenya Limited and General Manager of the Kwale Project.
http://www.tiomin.com/s/Management.asp
Google einfach mal nach Paul Fortin und Gecamines
nochmal ein kleines Info:
http://www.tiomin.com/s/Management.asp
Paul Fortin Position: Director
Mr. Fortin is currently a director and General Manager of Gecamines, a copper and cobalt mining company owned by the Democratic Republic of Congo, a position he has held since January 2006. He is an experienced international mining lawyer who was previously General Counsel for Gold Fields Limited and who has advised Barrick Gold Corporation. He was previously a director of Tiomin Kenya Limited and General Manager of the Kwale Project.
Fu-gui Qiao
Position: Director
Mr. Qiao is Deputy General Manager of the Planning Department of Jinchuan Group Ltd. He is also Chairman of Gansu Jin AO Mineral Resources Company Limited and a director of GobiMin Inc. He joined Jinchuan in 1994 and holds both Bachelor and Master's degrees in Geological Engineering.
http://www.jnmc.com
Jinchuan Group Limited (JNMC) is a large integrated non-ferrous metallurgical and chemical engineering enterprise engaged in mining, concentrating, metallurgy and chemical engineering. It produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. The output of nickel and platinum group metals respectively accounts for more than 90% of the total in China. Jinchuan Group Ltd is the largest producer of nickel,cobalt in China, and is honored the Nickel City of China.
Jinchuan Group Ltd has had an annual production capacity of 130,000 tons of nickel, 200,000 tons of copper, 6,000 tons of cobalt, 8,000 kilograms of platinum group metals (PGMs) and 1200,000 tons of chemical products.
http://www.tiomin.com/s/Management.asp
Paul Fortin Position: Director
Mr. Fortin is currently a director and General Manager of Gecamines, a copper and cobalt mining company owned by the Democratic Republic of Congo, a position he has held since January 2006. He is an experienced international mining lawyer who was previously General Counsel for Gold Fields Limited and who has advised Barrick Gold Corporation. He was previously a director of Tiomin Kenya Limited and General Manager of the Kwale Project.
Fu-gui Qiao
Position: Director
Mr. Qiao is Deputy General Manager of the Planning Department of Jinchuan Group Ltd. He is also Chairman of Gansu Jin AO Mineral Resources Company Limited and a director of GobiMin Inc. He joined Jinchuan in 1994 and holds both Bachelor and Master's degrees in Geological Engineering.
http://www.jnmc.com
Jinchuan Group Limited (JNMC) is a large integrated non-ferrous metallurgical and chemical engineering enterprise engaged in mining, concentrating, metallurgy and chemical engineering. It produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. The output of nickel and platinum group metals respectively accounts for more than 90% of the total in China. Jinchuan Group Ltd is the largest producer of nickel,cobalt in China, and is honored the Nickel City of China.
Jinchuan Group Ltd has had an annual production capacity of 130,000 tons of nickel, 200,000 tons of copper, 6,000 tons of cobalt, 8,000 kilograms of platinum group metals (PGMs) and 1200,000 tons of chemical products.
Habe seit längerem mal wieder hereingeschaut (war in Urlaub im Norden)
und habe gesehen, daß Tiomin nun auch in Frankfurt gelistet ist.
Das ist ja mal ein Fortschritt und vielleicht ist es in Zukunft leichter an Tiomin Aktien zu kommen als in Berlin.
Z. Zt. gibt es ja wieder gute Einstiegschancen und nach den nächsten news könnte es wieder einen Schub nach Norden geben.
Hier eine Meinung aus dem Bullbord aus Kanada, die in die ähnlicher Richtung geht:
"Relax, almost everybody's selling. The market was down about 280 points and every single one of my stocks are down except 1. So there are a lot of panicking retail investors out selling today."
"Actually TIO has been slowly losing share price for some time. However it's to be expected with these highly speculative penny stocks.
Most penny stock PPS increases are news driven, and of course we haven't received news in at least a month.
Personally I'm impressed with TIO's resistance to the market's woes over the last few days. Goes to show that most of the weak hands have sold.
I have very little doubt that we will see a nice rebound on the next news release.
und habe gesehen, daß Tiomin nun auch in Frankfurt gelistet ist.
Das ist ja mal ein Fortschritt und vielleicht ist es in Zukunft leichter an Tiomin Aktien zu kommen als in Berlin.
Z. Zt. gibt es ja wieder gute Einstiegschancen und nach den nächsten news könnte es wieder einen Schub nach Norden geben.
Hier eine Meinung aus dem Bullbord aus Kanada, die in die ähnlicher Richtung geht:
"Relax, almost everybody's selling. The market was down about 280 points and every single one of my stocks are down except 1. So there are a lot of panicking retail investors out selling today."
"Actually TIO has been slowly losing share price for some time. However it's to be expected with these highly speculative penny stocks.
Most penny stock PPS increases are news driven, and of course we haven't received news in at least a month.
Personally I'm impressed with TIO's resistance to the market's woes over the last few days. Goes to show that most of the weak hands have sold.
I have very little doubt that we will see a nice rebound on the next news release.
Antwort auf Beitrag Nr.: 31.123.061 von jensdab am 11.08.07 04:10:52Gibt es zum (neuen?) FFM Listing irgendein Statement?
Antwort auf Beitrag Nr.: 31.124.344 von XIO am 11.08.07 13:11:06Habe nichts gefunden an Bekanntmachungen bei der Deutschen Börse außer der Feststellung des neuen Listing in Frankfurt und der allgemeinen Daten:
TIOMIN RES INC.
Aktie, ISIN CA8879011069, WKN 888713
Stammdaten
Name TIOMIN RES INC.
ISIN CA8879011069
WKN 888713
Kürzel TB4
Prime Branche -
Industry Group -
Transparenzlevel -
Marktsegment Open Market (Freiverkehr)
http://deutsche-boerse.com/dbag/dispatch/de/search/gdb_navig…
Dieser link führt direkt zur Frankfurter Börse mit Tiomin Resources:
http://boerse-frankfurt.com/pip/dispatch/de/pip/private_inve…
TIOMIN RES INC.
Aktie, ISIN CA8879011069, WKN 888713
Stammdaten
Name TIOMIN RES INC.
ISIN CA8879011069
WKN 888713
Kürzel TB4
Prime Branche -
Industry Group -
Transparenzlevel -
Marktsegment Open Market (Freiverkehr)
http://deutsche-boerse.com/dbag/dispatch/de/search/gdb_navig…
Dieser link führt direkt zur Frankfurter Börse mit Tiomin Resources:
http://boerse-frankfurt.com/pip/dispatch/de/pip/private_inve…
Hier ist ein Beitrag aus dem kanad. Bullboard - beschreibt die Situation von Tiomin recht gut.
Yes Kooler they are very proud of their NYSE holdings as they like to bring this info up when they do an BNN interview.....but for such a rich firm... Why would they not just increase their Bid price by .005 or $530 and take their whole order...? Either you want to buy the shares with conviction or you just want to play around in fractions of a penny....
But I believe the ideal was that they are a new player here which is always nice to see........but until the Force Majeure is lifted we are not going anywhere soon in regards to kenya.....from the company website......:
In Kenya, Kwale remains an interesting project but we are waiting for the Government of Kenya to complete the tasks required by international lenders so that we reorganize a new project financing syndicate. Tiomin will not lift the state of Force Majeure at Kwale until this occurs. With Proven and probable reserves of 116.9 million tonnes [38.9 Mt proven @ 7.1% THM and 78.0 Mt Probable @ 4.16% THM] in the Central and South dunes alone, Kwale is projected to produce annually 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon per year generating over US $40 million in pre-tax operating cash flow (excluding capitalized financing costs) for the first six years over an expected mine life of approx. 11 years
I am hopeful that the Kenyan mess will be resolved....sometime before the end of the year....but with the financial crunch in the mkt lately I can not expect too many Int'l banks jumping in again if they will need the funds for themselves....which brings us back to Jinchuan who has the financial muscle to just buy the rest of the 80% of the shares they do not already own......and considering they agreed to buy all the ore I can not see a better situation....as for what they would pay for those outstanding shares...our fate is w/mgmt pulling a nice number out of a hat so everybody will be happy,which is the best case scenario.......We might not be cash rich but owning the rights to mine the sands is our ace in the hole....just my opinion.
Hopeful of a positive outcome eventually...
Another week approaching...and maybe we will see more players taking a stake here.....reading the nr giving Jinchuan the right to buy another 10% for 0.35cts a share is a nice vote of confidence....
wwmeinc
Yes Kooler they are very proud of their NYSE holdings as they like to bring this info up when they do an BNN interview.....but for such a rich firm... Why would they not just increase their Bid price by .005 or $530 and take their whole order...? Either you want to buy the shares with conviction or you just want to play around in fractions of a penny....
But I believe the ideal was that they are a new player here which is always nice to see........but until the Force Majeure is lifted we are not going anywhere soon in regards to kenya.....from the company website......:
In Kenya, Kwale remains an interesting project but we are waiting for the Government of Kenya to complete the tasks required by international lenders so that we reorganize a new project financing syndicate. Tiomin will not lift the state of Force Majeure at Kwale until this occurs. With Proven and probable reserves of 116.9 million tonnes [38.9 Mt proven @ 7.1% THM and 78.0 Mt Probable @ 4.16% THM] in the Central and South dunes alone, Kwale is projected to produce annually 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon per year generating over US $40 million in pre-tax operating cash flow (excluding capitalized financing costs) for the first six years over an expected mine life of approx. 11 years
I am hopeful that the Kenyan mess will be resolved....sometime before the end of the year....but with the financial crunch in the mkt lately I can not expect too many Int'l banks jumping in again if they will need the funds for themselves....which brings us back to Jinchuan who has the financial muscle to just buy the rest of the 80% of the shares they do not already own......and considering they agreed to buy all the ore I can not see a better situation....as for what they would pay for those outstanding shares...our fate is w/mgmt pulling a nice number out of a hat so everybody will be happy,which is the best case scenario.......We might not be cash rich but owning the rights to mine the sands is our ace in the hole....just my opinion.
Hopeful of a positive outcome eventually...
Another week approaching...and maybe we will see more players taking a stake here.....reading the nr giving Jinchuan the right to buy another 10% for 0.35cts a share is a nice vote of confidence....
wwmeinc
ja, die Chinesesen.....
ob sie nun Interese haben, Tiomin komplett zu übernehmen, das wird bestimmt interessant.
ob sie nun Interese haben, Tiomin komplett zu übernehmen, das wird bestimmt interessant.
Antwort auf Beitrag Nr.: 31.127.775 von XIO am 12.08.07 07:25:45hi XIO und jaffa
schau Dir mal diesen chinesischen Wert an: WKN A0B586
ist nicht so risikoreich wie die kleinen Explorer.
Werde dieses Teil aufmerksam beobachten und möglicherweise einsteigen. Noch scheint dieser Gigant kaum bekannt zu sein in D.
Habe heute in WWO einen neuen thread eröffnet.
Gruß
jensdab
schau Dir mal diesen chinesischen Wert an: WKN A0B586
ist nicht so risikoreich wie die kleinen Explorer.
Werde dieses Teil aufmerksam beobachten und möglicherweise einsteigen. Noch scheint dieser Gigant kaum bekannt zu sein in D.
Habe heute in WWO einen neuen thread eröffnet.
Gruß
jensdab
Institutional Holders Summary von Tiomin
27.31 % besitzen institutionelle Investoren:
http://stocks.us.reuters.com/stocks/institutionalHolders.asp…
Hier noch was aus dem Bullboard:
"what Bob means is that Fortin is a director of TIO and at the same is staying as the leader with Gecamines. He will not be coming to TIO full time. However, as expressed in Bob's other email, there still may be some opportunity for Fortin to bring some property over to TIO for JV. Fortin must be very careful when doing this to avoid the "Conflict of Interest" perception.°
-----------------------------------------------------
Fortin is NOT back in TIO full time, please see other post of mine. Fortin has a home in Monaco so you know he's filthy rich. I believe he's doing this kind of work as a hobby to keep him out of retirement
Has anybody heard/read/seen any words of any nature that maybe the US Admin. would not want this deposit developed in its current structure...?
I would not be surprise at all IF the US is working in the background against the Chinese. I believe that the west is worried of China's clout in Africa.
After all, this is a world class Titanium depsoit. So perhaps the hold up here can be attributed to the US??? Let's hope not.
27.31 % besitzen institutionelle Investoren:
http://stocks.us.reuters.com/stocks/institutionalHolders.asp…
Hier noch was aus dem Bullboard:
"what Bob means is that Fortin is a director of TIO and at the same is staying as the leader with Gecamines. He will not be coming to TIO full time. However, as expressed in Bob's other email, there still may be some opportunity for Fortin to bring some property over to TIO for JV. Fortin must be very careful when doing this to avoid the "Conflict of Interest" perception.°
-----------------------------------------------------
Fortin is NOT back in TIO full time, please see other post of mine. Fortin has a home in Monaco so you know he's filthy rich. I believe he's doing this kind of work as a hobby to keep him out of retirement
Has anybody heard/read/seen any words of any nature that maybe the US Admin. would not want this deposit developed in its current structure...?
I would not be surprise at all IF the US is working in the background against the Chinese. I believe that the west is worried of China's clout in Africa.
After all, this is a world class Titanium depsoit. So perhaps the hold up here can be attributed to the US??? Let's hope not.
Mal sehen, wie es nächste Woche weitergeht.
Tiomin ist auch etwas zurückgefallen, waren echte Kaufkurse zu 0,105 C$. Kurs hat sich wieder etwas gefangen, aus dem bullboard war zu hören, dass die Chinesen sich möglicherweise eindecken und den Kurs drücken, um noch tief einzusteigen.
Meinung aus dem Bullboard über Produktionsbeginn:
Never mind guessing when production will begin. We are quite a ways from that. As you have already pointed out there have been many many critical dates that Tiomin have missed over the years. Guessing and wishing will not make production happen any sooner. Financing and Construction will have to happen long before we can even think of production. I have been in this for more than 5 years and I have come to accept the fact that it will happen some day/year. In the meantime no sense worrying about it. I am still buying when the prices drop as it has in the past couple of days. No sense in pumping this stock as it has been around for a long time and anyone with a bit of interest can find out the history and performance of this stock. Pumpers will not drive the share price here only relevant and ground breaking news will do that.
Hier ist eine meiner Meinung eine treffende Einschätzung der gegenwärtigen Lage von Matthias Gramb, Postbank Financial Service (Stand: 31. Juli 2007), ist aber noch genau so aktuell bzgl. Krise am US Immobilienmarkt u. Carrytrades etc.
Aktien in turbulenten Zeiten
siehe Seite 2 der PDF-Datei
http://investors.dpwn.de/de/investoren/publikationen/nachric…" target="_blank" rel="nofollow ugc noopener">
http://investors.dpwn.de/de/investoren/publikationen/nachric…
Tiomin ist auch etwas zurückgefallen, waren echte Kaufkurse zu 0,105 C$. Kurs hat sich wieder etwas gefangen, aus dem bullboard war zu hören, dass die Chinesen sich möglicherweise eindecken und den Kurs drücken, um noch tief einzusteigen.
Meinung aus dem Bullboard über Produktionsbeginn:
Never mind guessing when production will begin. We are quite a ways from that. As you have already pointed out there have been many many critical dates that Tiomin have missed over the years. Guessing and wishing will not make production happen any sooner. Financing and Construction will have to happen long before we can even think of production. I have been in this for more than 5 years and I have come to accept the fact that it will happen some day/year. In the meantime no sense worrying about it. I am still buying when the prices drop as it has in the past couple of days. No sense in pumping this stock as it has been around for a long time and anyone with a bit of interest can find out the history and performance of this stock. Pumpers will not drive the share price here only relevant and ground breaking news will do that.
Hier ist eine meiner Meinung eine treffende Einschätzung der gegenwärtigen Lage von Matthias Gramb, Postbank Financial Service (Stand: 31. Juli 2007), ist aber noch genau so aktuell bzgl. Krise am US Immobilienmarkt u. Carrytrades etc.
Aktien in turbulenten Zeiten
siehe Seite 2 der PDF-Datei
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jensdab...
bei so einer krise wie diese woche, hat sich unsere TIO doch tapfer geschlagen.
Ich will mal nicht meckern.
bei so einer krise wie diese woche, hat sich unsere TIO doch tapfer geschlagen.
Ich will mal nicht meckern.
With mining companies cash-rich the door has opened for more African deposits to be developed. Jonathan Bell examines where the financiers and miners are focusing.
In a continent with such diverse and abundant mineral wealth it is a sad reflection that such resources have not been developed for the benefit of the people and the economies of the countries in question. The upside is that many of the mineral deposits remain firmly in the ground. Given the appropriate financing and operational structures the potential remains for sub-Saharan African (SSA) mineral wealth to act as a major springboard for economic development and wealth creation for so many hard-pressed economies.
In terms of global supply, SSA is well-known as a major producer and supplier of gold, platinum, diamonds, bauxite, iron ore, coal, copper and cobalt, with South Africa of course being the home to many mining companies. But this only scratches the surface of this massive region. To provide just one other mineral example, SSA is a major provider of bauxite and alumina out of Guinea, with Cie des Bauxites de Guinée's (CBG) being the largest single producer and exporter of bauxite in the world. A number of the majors, including Alcoa, Alcan, BHP Billiton and Rusal for example, work in conjunction with the Guinean authorities to mine bauxite for export.
Of crucial importance in this whole equation of exploration and exploitation of mineral resources is the changing attitude of the mining majors and the positive approach taken by junior mining companies as they seek mutually beneficial agreements with governments in the region. Zambia is perhaps one of the SSA countries where some of the benefits are beginning to be seen, and even the Democratic Republic of Congo (DRC) is seeing some good progress, with work and local infrastructure investment being made by such mining juniors as Central African Mining (Camec) to name but one such example (Trade Finance, April 2007, p34).
On the financing front, some highly innovative packages are being structured to meet the needs of the mining community. In early July this year, Standard Chartered arranged a $45 million credit facility for emerging copper producer Equinox Minerals for its contingent costs and as a final touch to its Lumwana copper project in Zambia. Equinox says the facility will only be used if cost overruns or other contingent obligations encountered at the overall $846 million project. Equinox president and CEO Craig Williams says the arrangement is "innovative and flexible" as it provides for an important financing agreement obligation while meeting the company's policy of limiting additional calls on shareholder-based capital.
The Lumwana project is the largest greenfield copper mine to date in SSA. The debt financing package certainly broke the mould of mine finance with a hybrid package of structured debt finance facilities totalling $583.8 million. The commercial bank arrangers of the finance were Standard Bank, Standard Chartered Bank and WestLB. The deal, signed in late 2006, was a landmark for the arrangers as it stands as a unique hybrid – a structured finance facility provided by a syndicate of European, African and Australian based commercial lenders, developmental finance institutions (DFIs) and export credit agencies (ECAs). This combination of institutions proved a major part of the deal's success, and some future mining projects can be expected to also include such diverse groups with DFIs playing a vital role.
The ECAs involved were ECIC of South Africa and Euler Hermes. DFI's involved were AfDB, DEG, European Investment Bank (EIB), EFIC, FMO, KFW-IPEX and the Opec Fund. The mining fleet financing package of $165.8 million was arranged by Fortis Bank, EDC, Caterpillar and Sandvik. Uniquely, the debt has been structured so the commodity hedging banks have minimal interference in the operation of the mine. In addition, the fleet financiers have no recourse on the mine, although they do have priority over its revenues (Trade Finance, March 2007, p60).
Commenting on the deal, Pramod Vijayasankar, director mining & metals at Standard Chartered says: "Globally, this is one of the largest-ever financing packages put together by a junior resources company and Lumwana is Africa's largest greenfield mine development to date. It was both innovative and complex in structure, involving a wide spectrum of parties from banks to development institutions to local pension funds." Lumwana's anticipated mine life is 37 years, with the first six years expecting an average annual production of 169,000 tonnes of copper metal concentrate.
As far as offtake for Lumwana is concerned, in February a five-year offtake agreement was struck to supply the Zambian-based Chambishi copper smelter, a joint venture between China Nonferrous Metal Mining and Yunnan Copper Industry. Resultant copper product will be shipped to China. There are two other big smelters in Zambia, one owned by Glencore and the other by London-listed mining group Vedanta Resources and Equinox is understood to be talking about supply to those plants as well as other offshore smelters.
In another landmark financing of last year, First Quantum Minerals (FQM) raised $400 million to develop copper and gold deposits on a pan-African basis for its operations in DRC, Mauritania and Zambia. Mandated lead arrangers on the deal were BNP Paribas, Fortis Bank, Standard Bank, Standard Chartered Bank, and Bayerische Hypo-und Vereinsbank (Unicredit) who structured another hybrid deal – covering trade, corporate and project finance elements – with loans over a five-year term (Trade Finance, March 2007, p60).
One of the interesting things about the First Quantum financing is that the underlying assets are in different African countries. With the security elements and PRI in place though, the deal proved attractive to a large number of banks in syndication. This sends a strong signal to the market about the status and potential of mining projects for the African region.
Also in Zambia, in May the EIB and Barclays Capital signed a seven-year senior debt finance facility of $60 million backing Albidon's Munali nickel project. In another example of Chinese involvement and that country's keen interest in sourcing metals from Africa, the project is getting significant credit support through the involvement of China's chemical engineering firm Jinchuan Group as investor and offtaker. Jinchuan is providing a $20 million subordinated tranche and a $5 million equity investment. Barclays will provide hedging and there is PRI on the project.
The EIB is becoming a prolific lender to projects sponsored by juniors developing African mines: as noted above, it had a large role in Equinox's Lumwana copper mine, and was similarly involved with Kenmare's titanium mine in Mozambique that closed in June 2004. The EIB has been a supporter of Albidon since 2002, through its investment in the African Lion Mining Fund.
In another development involving Chinese interests, the stalled Kwale mineral sands/titanium project in Kenya announced in June that it had secured an investment deal with China's Jinchuan Group, taking a 20% stake in the the project. Earlier in the year the Kwale mineral sands project had come to a grinding halt when lenders shelved a $155 million debt facility that was in place for the project, following delays by the Kenyan government to remove obstacles surrounding the start of mining. The commercial bank tranche had been arranged by Standard Chartered, WestLB and Caterpillar Finance, with other funds coming from the African Development Bank.
In the DRC in late March Katanga Mining appointed Fortis, Investec Bank and Standard Chartered as MLAs to arrange $260 million financing to boost copper-cobalt production at its Kamoto joint venture. The financing is expected to include a $100 million commercial bank tranche, a further $100 million ECA tranche and $60 million from development funding agencies (Trade Finance, April 2007, p18).
As noted earlier Guinea, which holds a third of the world's bauxite reserves, has a strategic role to play in supply of bauxite and alumina to a number of the world's major mining and metals companies. However, earlier this year martial law in Guinea – imposed because of a national strike and protests against President Lansana Conte's 23-year rule – forced Compagnie des Bauxites de Guinée (CBG) to halt mining activities and deliveries of ore to Kamsar port. CBG normally produces just over 14 million tonnes of wet bauxite a year and exports some 13 million tonnes of dried bauxite, making it the world's top exporter. It was reported at the time that CBG was losing $1 million a day due to disruptions caused by the general strike.
Russian aluminium producer Rusal is one of the international companies with a major interest and investment in Guinea. Alumina and bauxite from Guinea are vital to Rusal's aluminium operations in Ukraine and Russia. During the strike period, a spokesman for Rusal noted that output at its Guinea plants had been badly affected before the declaration of martial law.
In Guinea Rusal manages the Friguia alumina refinery, which has a capacity of 640,000 tonnes of alumina and 2.5 mln tonnes of bauxite per annum and employs over 1,000 people. The refinery's infrastructure includes a 160 km long railway network used for transportation of products, raw materials and fuel. There are plans to increase alumina production to 1 million tonnes per annum. In addition, Rusal manages the Compagnie des Bauxites de Kindia (CBK) mining complex, developing one of the world's largest bauxite deposits. The design capacity of the complex is 3 million tonnes of bauxite per annum. CBK includes the Debele mine, a railway, a mine port and a repair centre. Over 2 million tonnes of bauxite are delivered to the Nikolaev alumina refinery in Ukraine each year, while over 500,000 tonnes are supplied to other locations.
Elsewhere in Guinea there are big plans for further development in the mining sector. BHP Billiton, US-controlled Global Alumina, Dubai's state-owned aluminium producer Dubal and Abu Dhabi's Mubadala investment arm are pushing forward with the estimated $3 billion Sangaredi bauxite/alumina project. Dubal will be a major offtaker. In addition, EuroNimba and Rio Tinto want to develop iron ore mining at Mount Nimba (which straddles the Guinea, Liberia and Cote d'Ivoire border) and in the Simandou mountain range. They plan to spend an estimated $5 billion on the project.
In a continent with such diverse and abundant mineral wealth it is a sad reflection that such resources have not been developed for the benefit of the people and the economies of the countries in question. The upside is that many of the mineral deposits remain firmly in the ground. Given the appropriate financing and operational structures the potential remains for sub-Saharan African (SSA) mineral wealth to act as a major springboard for economic development and wealth creation for so many hard-pressed economies.
In terms of global supply, SSA is well-known as a major producer and supplier of gold, platinum, diamonds, bauxite, iron ore, coal, copper and cobalt, with South Africa of course being the home to many mining companies. But this only scratches the surface of this massive region. To provide just one other mineral example, SSA is a major provider of bauxite and alumina out of Guinea, with Cie des Bauxites de Guinée's (CBG) being the largest single producer and exporter of bauxite in the world. A number of the majors, including Alcoa, Alcan, BHP Billiton and Rusal for example, work in conjunction with the Guinean authorities to mine bauxite for export.
Of crucial importance in this whole equation of exploration and exploitation of mineral resources is the changing attitude of the mining majors and the positive approach taken by junior mining companies as they seek mutually beneficial agreements with governments in the region. Zambia is perhaps one of the SSA countries where some of the benefits are beginning to be seen, and even the Democratic Republic of Congo (DRC) is seeing some good progress, with work and local infrastructure investment being made by such mining juniors as Central African Mining (Camec) to name but one such example (Trade Finance, April 2007, p34).
On the financing front, some highly innovative packages are being structured to meet the needs of the mining community. In early July this year, Standard Chartered arranged a $45 million credit facility for emerging copper producer Equinox Minerals for its contingent costs and as a final touch to its Lumwana copper project in Zambia. Equinox says the facility will only be used if cost overruns or other contingent obligations encountered at the overall $846 million project. Equinox president and CEO Craig Williams says the arrangement is "innovative and flexible" as it provides for an important financing agreement obligation while meeting the company's policy of limiting additional calls on shareholder-based capital.
The Lumwana project is the largest greenfield copper mine to date in SSA. The debt financing package certainly broke the mould of mine finance with a hybrid package of structured debt finance facilities totalling $583.8 million. The commercial bank arrangers of the finance were Standard Bank, Standard Chartered Bank and WestLB. The deal, signed in late 2006, was a landmark for the arrangers as it stands as a unique hybrid – a structured finance facility provided by a syndicate of European, African and Australian based commercial lenders, developmental finance institutions (DFIs) and export credit agencies (ECAs). This combination of institutions proved a major part of the deal's success, and some future mining projects can be expected to also include such diverse groups with DFIs playing a vital role.
The ECAs involved were ECIC of South Africa and Euler Hermes. DFI's involved were AfDB, DEG, European Investment Bank (EIB), EFIC, FMO, KFW-IPEX and the Opec Fund. The mining fleet financing package of $165.8 million was arranged by Fortis Bank, EDC, Caterpillar and Sandvik. Uniquely, the debt has been structured so the commodity hedging banks have minimal interference in the operation of the mine. In addition, the fleet financiers have no recourse on the mine, although they do have priority over its revenues (Trade Finance, March 2007, p60).
Commenting on the deal, Pramod Vijayasankar, director mining & metals at Standard Chartered says: "Globally, this is one of the largest-ever financing packages put together by a junior resources company and Lumwana is Africa's largest greenfield mine development to date. It was both innovative and complex in structure, involving a wide spectrum of parties from banks to development institutions to local pension funds." Lumwana's anticipated mine life is 37 years, with the first six years expecting an average annual production of 169,000 tonnes of copper metal concentrate.
As far as offtake for Lumwana is concerned, in February a five-year offtake agreement was struck to supply the Zambian-based Chambishi copper smelter, a joint venture between China Nonferrous Metal Mining and Yunnan Copper Industry. Resultant copper product will be shipped to China. There are two other big smelters in Zambia, one owned by Glencore and the other by London-listed mining group Vedanta Resources and Equinox is understood to be talking about supply to those plants as well as other offshore smelters.
In another landmark financing of last year, First Quantum Minerals (FQM) raised $400 million to develop copper and gold deposits on a pan-African basis for its operations in DRC, Mauritania and Zambia. Mandated lead arrangers on the deal were BNP Paribas, Fortis Bank, Standard Bank, Standard Chartered Bank, and Bayerische Hypo-und Vereinsbank (Unicredit) who structured another hybrid deal – covering trade, corporate and project finance elements – with loans over a five-year term (Trade Finance, March 2007, p60).
One of the interesting things about the First Quantum financing is that the underlying assets are in different African countries. With the security elements and PRI in place though, the deal proved attractive to a large number of banks in syndication. This sends a strong signal to the market about the status and potential of mining projects for the African region.
Also in Zambia, in May the EIB and Barclays Capital signed a seven-year senior debt finance facility of $60 million backing Albidon's Munali nickel project. In another example of Chinese involvement and that country's keen interest in sourcing metals from Africa, the project is getting significant credit support through the involvement of China's chemical engineering firm Jinchuan Group as investor and offtaker. Jinchuan is providing a $20 million subordinated tranche and a $5 million equity investment. Barclays will provide hedging and there is PRI on the project.
The EIB is becoming a prolific lender to projects sponsored by juniors developing African mines: as noted above, it had a large role in Equinox's Lumwana copper mine, and was similarly involved with Kenmare's titanium mine in Mozambique that closed in June 2004. The EIB has been a supporter of Albidon since 2002, through its investment in the African Lion Mining Fund.
In another development involving Chinese interests, the stalled Kwale mineral sands/titanium project in Kenya announced in June that it had secured an investment deal with China's Jinchuan Group, taking a 20% stake in the the project. Earlier in the year the Kwale mineral sands project had come to a grinding halt when lenders shelved a $155 million debt facility that was in place for the project, following delays by the Kenyan government to remove obstacles surrounding the start of mining. The commercial bank tranche had been arranged by Standard Chartered, WestLB and Caterpillar Finance, with other funds coming from the African Development Bank.
In the DRC in late March Katanga Mining appointed Fortis, Investec Bank and Standard Chartered as MLAs to arrange $260 million financing to boost copper-cobalt production at its Kamoto joint venture. The financing is expected to include a $100 million commercial bank tranche, a further $100 million ECA tranche and $60 million from development funding agencies (Trade Finance, April 2007, p18).
As noted earlier Guinea, which holds a third of the world's bauxite reserves, has a strategic role to play in supply of bauxite and alumina to a number of the world's major mining and metals companies. However, earlier this year martial law in Guinea – imposed because of a national strike and protests against President Lansana Conte's 23-year rule – forced Compagnie des Bauxites de Guinée (CBG) to halt mining activities and deliveries of ore to Kamsar port. CBG normally produces just over 14 million tonnes of wet bauxite a year and exports some 13 million tonnes of dried bauxite, making it the world's top exporter. It was reported at the time that CBG was losing $1 million a day due to disruptions caused by the general strike.
Russian aluminium producer Rusal is one of the international companies with a major interest and investment in Guinea. Alumina and bauxite from Guinea are vital to Rusal's aluminium operations in Ukraine and Russia. During the strike period, a spokesman for Rusal noted that output at its Guinea plants had been badly affected before the declaration of martial law.
In Guinea Rusal manages the Friguia alumina refinery, which has a capacity of 640,000 tonnes of alumina and 2.5 mln tonnes of bauxite per annum and employs over 1,000 people. The refinery's infrastructure includes a 160 km long railway network used for transportation of products, raw materials and fuel. There are plans to increase alumina production to 1 million tonnes per annum. In addition, Rusal manages the Compagnie des Bauxites de Kindia (CBK) mining complex, developing one of the world's largest bauxite deposits. The design capacity of the complex is 3 million tonnes of bauxite per annum. CBK includes the Debele mine, a railway, a mine port and a repair centre. Over 2 million tonnes of bauxite are delivered to the Nikolaev alumina refinery in Ukraine each year, while over 500,000 tonnes are supplied to other locations.
Elsewhere in Guinea there are big plans for further development in the mining sector. BHP Billiton, US-controlled Global Alumina, Dubai's state-owned aluminium producer Dubal and Abu Dhabi's Mubadala investment arm are pushing forward with the estimated $3 billion Sangaredi bauxite/alumina project. Dubal will be a major offtaker. In addition, EuroNimba and Rio Tinto want to develop iron ore mining at Mount Nimba (which straddles the Guinea, Liberia and Cote d'Ivoire border) and in the Simandou mountain range. They plan to spend an estimated $5 billion on the project.
heute:
2 x 250.000
2 x 250.000
Antwort auf Beitrag Nr.: 31.229.627 von XIO am 20.08.07 16:38:32Tut sich im Moment leider nicht viel
Bin mal gespannt, wann wir wieder mal was gemeldet bekommen??
Bei simberi ist es sehr ähnlich
Bin mal gespannt, wann wir wieder mal was gemeldet bekommen??
Bei simberi ist es sehr ähnlich
Kenia weckt das Interesse von Investoren
Zahlreiche neue Industrieprojekte / Chinesen drängen verstärkt in die Region
Chinas Interesse an Afrika dient der eigenen Rohstoffsicherung. Unternehmen erhalten staatliche Hilfen und Subventionen, um finanzielle Risiken der Auslandsinvestitionen abzuschwächen.
Die chinesischen Engagements konzentrieren sich in Subsahara-Afrika auf die wichtigsten Erdöl- und Bergbauländer, an erster Stelle Angola und Nigeria. Nach Ostafrika treibt die Chinesen ebenfalls die Aussicht auf Erdölvorkommen vor der Küste im Indischen Ozean. Die China Offshore Corp. erhält aufgrund der bilateralen Vereinbarungen anlässlich des Staatsbesuchs eine Konzession für die Ölexploration in Kenia. Ferner haben sich die Chinesen mit einer Beteiligung in der kanadischen Tiomin eingekauft, die an der kenianischen Küste in Kürze mit dem Abbau von Titanerz beginnen wird.
Die traditionellen westlichen Partner und Geber Kenias betrachten den Vormarsch der Volksrepublik in der Region mit einigem Unbehagen. Afrikanische Regierungen und Politiker haben inzwischen ganz offen ausgesprochen, wie gut man sich mit Gebern versteht, "die nichts verlangen". Aus Europa gibt es eine aktuelle Initiative der Spanier, die ein breit angelegtes Investitionsinteresse an Kenia haben. Speziell genannt werden Erdölprospektion, Schiffbau, Energiewirtschaft und Tourismus.
Ein Sektor mit Zukunftsaussichten ist der Bergbau. Dessen bislang noch geringe volkswirtschaftliche Bedeutung soll sich spürbar erhöhen, wenn die Tiomin-Förderung durch eine kanadische Gesellschaft an der kenianischen Küste anläuft. Das Vorhaben soll Kenia in seiner 14-jährigen Produktionsphase Devisenerlöse von rd. 750 Mio. $ einbringen. (I.H./z)
Quellen:
http://www.bfai.de/DE/Navigation/Metanavigation/Suche/sucheU…
Zahlreiche neue Industrieprojekte / Chinesen drängen verstärkt in die Region
Chinas Interesse an Afrika dient der eigenen Rohstoffsicherung. Unternehmen erhalten staatliche Hilfen und Subventionen, um finanzielle Risiken der Auslandsinvestitionen abzuschwächen.
Die chinesischen Engagements konzentrieren sich in Subsahara-Afrika auf die wichtigsten Erdöl- und Bergbauländer, an erster Stelle Angola und Nigeria. Nach Ostafrika treibt die Chinesen ebenfalls die Aussicht auf Erdölvorkommen vor der Küste im Indischen Ozean. Die China Offshore Corp. erhält aufgrund der bilateralen Vereinbarungen anlässlich des Staatsbesuchs eine Konzession für die Ölexploration in Kenia. Ferner haben sich die Chinesen mit einer Beteiligung in der kanadischen Tiomin eingekauft, die an der kenianischen Küste in Kürze mit dem Abbau von Titanerz beginnen wird.
Die traditionellen westlichen Partner und Geber Kenias betrachten den Vormarsch der Volksrepublik in der Region mit einigem Unbehagen. Afrikanische Regierungen und Politiker haben inzwischen ganz offen ausgesprochen, wie gut man sich mit Gebern versteht, "die nichts verlangen". Aus Europa gibt es eine aktuelle Initiative der Spanier, die ein breit angelegtes Investitionsinteresse an Kenia haben. Speziell genannt werden Erdölprospektion, Schiffbau, Energiewirtschaft und Tourismus.
Ein Sektor mit Zukunftsaussichten ist der Bergbau. Dessen bislang noch geringe volkswirtschaftliche Bedeutung soll sich spürbar erhöhen, wenn die Tiomin-Förderung durch eine kanadische Gesellschaft an der kenianischen Küste anläuft. Das Vorhaben soll Kenia in seiner 14-jährigen Produktionsphase Devisenerlöse von rd. 750 Mio. $ einbringen. (I.H./z)
Quellen:
http://www.bfai.de/DE/Navigation/Metanavigation/Suche/sucheU…
Kenya: Stanchart Voted Best On-Line Provider of Banking Services
http://allafrica.com/stories/200709060008.html
The Nation (Nairobi)
6 September 2007
..............The service was designed in response to the increasing client need for greater integration between transaction banking and foreign exchange risk management, under liquidity management.
The award comes in the wake of a recent Sh14 billion deal that Standard Chartered received alongside other lead arrangers and senior lenders for the Tiomin Resources financing for the Kwale mineral sands project.
The financing plan won the bank Deal of the Year award in this year's Bankers Awards. The Tiomin project is Kenya's first major mining project and one of the country's largest foreign investments in recent years.................
http://allafrica.com/stories/200709060008.html
The Nation (Nairobi)
6 September 2007
..............The service was designed in response to the increasing client need for greater integration between transaction banking and foreign exchange risk management, under liquidity management.
The award comes in the wake of a recent Sh14 billion deal that Standard Chartered received alongside other lead arrangers and senior lenders for the Tiomin Resources financing for the Kwale mineral sands project.
The financing plan won the bank Deal of the Year award in this year's Bankers Awards. The Tiomin project is Kenya's first major mining project and one of the country's largest foreign investments in recent years.................
Da gibt es eine (politische) Kampagne gegen Tiomin)
Hat hoffentlich keine negativen Auswirkung auf die Kursentwicklung.
http://www.kbc.co.ke/story.asp?ID=44907
Tiomin contract is manipulative, argues Reform Group
Written By:Emmanuel Kola , Posted: Tue, Sep 11, 2007
Caption: CCR: Tiomin contract based on exploitative free entry system
The Coalition for Constitutional Reform (CCR) Kenya wants Canadian Mining Company Tiomin Resources Incorporation to discontinue plans for titanium mining in Kwale, Coast Province.
CCR Kenya and its partners say the contract agreement under which Tiomin Resources has been operating is based on the exploitative free entry system.
The pro-reform body says the system is a dominant means through which mineral rights are usually granted to mining companies in most countries.
It gives the miner's the exclusive right to people-owned mineral substances from the surface to unlimited extension downwards.
Consequently, CCR Kenya is calling on the company to initiate a departure process through which they can be justly compensated any fees they paid to landowners.
The pro-reform body says titanium deposits in Kwale should be left to the Kenyans to help local processing industries and not handed over to a private company for export without processing.
CCR Kenya plans to launch a nationwide campaign on Wednesday against Tiomin's mining activities in Kwale.
Signatures are being collected from members for a petition to the
Kommentar aus dem Bullboard zu dieser Meldung:
"I agree that on the surface it doesn't look good. I have done a bit of searching for background information about the CCR(Coalition of Constitution Reform) and although I didn't find anything definitive about them, it appears that they may be associated with one of the many political parties that make up the National Assembly or Legislative Branch of the Govt.
It is more likely that they are associated with the Pro-Reform Coalition of Political Parties and non Government Associations listed under "Political Pressure Groups". If this is so, what hcahoon gave us may not be as dire as it appears due to the local political situation. Their Elections are due in December 2007 and we can only hope that the status quo be maintained."
Hat hoffentlich keine negativen Auswirkung auf die Kursentwicklung.
http://www.kbc.co.ke/story.asp?ID=44907
Tiomin contract is manipulative, argues Reform Group
Written By:Emmanuel Kola , Posted: Tue, Sep 11, 2007
Caption: CCR: Tiomin contract based on exploitative free entry system
The Coalition for Constitutional Reform (CCR) Kenya wants Canadian Mining Company Tiomin Resources Incorporation to discontinue plans for titanium mining in Kwale, Coast Province.
CCR Kenya and its partners say the contract agreement under which Tiomin Resources has been operating is based on the exploitative free entry system.
The pro-reform body says the system is a dominant means through which mineral rights are usually granted to mining companies in most countries.
It gives the miner's the exclusive right to people-owned mineral substances from the surface to unlimited extension downwards.
Consequently, CCR Kenya is calling on the company to initiate a departure process through which they can be justly compensated any fees they paid to landowners.
The pro-reform body says titanium deposits in Kwale should be left to the Kenyans to help local processing industries and not handed over to a private company for export without processing.
CCR Kenya plans to launch a nationwide campaign on Wednesday against Tiomin's mining activities in Kwale.
Signatures are being collected from members for a petition to the
Kommentar aus dem Bullboard zu dieser Meldung:
"I agree that on the surface it doesn't look good. I have done a bit of searching for background information about the CCR(Coalition of Constitution Reform) and although I didn't find anything definitive about them, it appears that they may be associated with one of the many political parties that make up the National Assembly or Legislative Branch of the Govt.
It is more likely that they are associated with the Pro-Reform Coalition of Political Parties and non Government Associations listed under "Political Pressure Groups". If this is so, what hcahoon gave us may not be as dire as it appears due to the local political situation. Their Elections are due in December 2007 and we can only hope that the status quo be maintained."
Antwort auf Beitrag Nr.: 31.539.756 von jensdab am 11.09.07 22:37:31Ich bin ehrlich gesagt ganz froh darüber und werte dies als Indiz, daß Kwale weiterhin ein wichtiges Thema für Tiomin und Kenia ist.
Heute wieder mal ein hohes Volumen und hauptsächlich Käufe.
Kommt wieder etwas Bewegung nach der Seitwärtsbewegung.
Kommt wieder etwas Bewegung nach der Seitwärtsbewegung.
Kenya: New Blow to Tiomin As Officials Quit
Business Daily (Nairobi)
11 September 2007
Posted to the web 11 September 2007
Jim Onyango
Two key officials of Tiomin-Kenya, have resigned as the firm fails to raise $46 million to kick start the mining venture at the Kenyan Coast.
The subsidiary of a Canadian company licensed 10 years ago to mine titanium in Kwale has also been forced to cancel its contract with Ausenco of Australia, an engineering company that was to act as the project manager, following failure to access land from farmers who have filed a petition in court.
It is now unlikely that the mining of titanium, an important additive in the manufacture of parts of aircraft, will take off this month as had been planned.
Tiomin estimated that the titanium deposits in Kwale amounted to 3.2 billion tonnes - 14 per cent of the world's titanium resources. Titanium mining is the first ever major mining activity in Kenya that would directly employ 400 Kenyans and earn communities around Kwale millions of shillings in land compensation.
However, the exploration of titanium is threatened by the high profile resignations of the firm's country director and finance director, something that has thrown the firm's planned mining activity into confusion.
Mr Peter Ndaa, the company's finance director in Kenya, said he was quitting to concentrate on his private consultancy, because the company was not showing any signs of starting off the project soon.
"I've been there for one year, but nothing seems to happen. There is no job satisfaction. I've decided to go back to my consultancy services.
But it should be noted that I'm leaving at my own will," said Mr Ndaa who will be leaving by October. "The project might start soon. I don't believe the project will collapse," he said.
Mr Ben Sassoon resigned as the company's Kenya country director.
Tiomin's problems have further been compounded by its inability to raise capital intended at triggering off a Sh10.85 billion loan from a consortium of lenders.
The company threw the blame to the government. It said in its website that the government had not fulfilled certain requirements that were conditional to the release of funds by the lenders.
"Kwale remains an interesting project, but we are waiting for the Government of Kenya to complete the tasks required by international lenders so that we reorganise a new project financing syndicate," Tiomin said.
Some of the conditions according to the firm include access to the Kwale land where mining should take place.
Some eight farming families in Kwale had obtained court orders barring the government from evicting them from the land.
But in an interview with Business Daily yesterday, the Commissioner of Mines, Mr Lojomon Biwott, said the eight families occupied a small section of the land as the government had already bought out a large section of the land to allow Tiomin to start mining.
"Tiomin's problem has not been caused by the government. They have their own financial difficulties which they must address first," said Mr Biwott.
"Tiomin signed financial agreements with the government to be exempted from certain taxes, we now fear that they might not start mining titanium as had been agreed," said Mr Biwott.
Tiomin's attempts to cede part of its titanium mining rights in Kwale to ATW-Venture Corporation-a Canadian mineral exploration and Development Company fell through in June after ATW walked out of talks to buy out a 50 per cent stake in the Kwale minerals thereby throwing the mining of titanium into further doubt.
The titanium project was projected to generate significant long term economic benefit to the residents of Kwale, providing employment, improved infrastructure, health and welfare but the government's slow pace at providing alternative land to the occupants of the land bearing minerals has been slow.
The mineral is used to alloy aircraft metals for low weight, strength, and high-temperature stability.
Tiomin says the project has suffered legal and bureaucratic delays that have negatively impacted the project's return potential for its shareholders.
The company added that due to bottlenecks met in the course of its quest to mine titanium deposits in Kwale, it has registered financial expenses it never envisaged, which in extension has also chewed on its assets in America and Canada.
Cost overrun and low prices of titanium in the international market have also added to the problems of the company.
The firm has suffered a Sh2.7 billion increase in project maintenance cost.
The cost overshoot is inclusive of Sh300 million paid out to some four major contractors as contract closure fees.
Tiomin ended contracts with all engineers and local mining experts it had engaged because the Kwale mining project was taking too long to commence following a chain of litigations lodged by farmers protesting at what they said was poor compensation for their land.
Tiomin has entered into an agreement with Jinchuan Group Ltd. of China for the financing and the speedy development of the Kwale mineral sands project. Jinchuan is investing approximately Sh647million in Tiomin by purchasing 72,521,134 common shares of the company.
maybe china is getting there own people. Leave it to a country in africa to take international money and steal it, figures.
Business Daily (Nairobi)
11 September 2007
Posted to the web 11 September 2007
Jim Onyango
Two key officials of Tiomin-Kenya, have resigned as the firm fails to raise $46 million to kick start the mining venture at the Kenyan Coast.
The subsidiary of a Canadian company licensed 10 years ago to mine titanium in Kwale has also been forced to cancel its contract with Ausenco of Australia, an engineering company that was to act as the project manager, following failure to access land from farmers who have filed a petition in court.
It is now unlikely that the mining of titanium, an important additive in the manufacture of parts of aircraft, will take off this month as had been planned.
Tiomin estimated that the titanium deposits in Kwale amounted to 3.2 billion tonnes - 14 per cent of the world's titanium resources. Titanium mining is the first ever major mining activity in Kenya that would directly employ 400 Kenyans and earn communities around Kwale millions of shillings in land compensation.
However, the exploration of titanium is threatened by the high profile resignations of the firm's country director and finance director, something that has thrown the firm's planned mining activity into confusion.
Mr Peter Ndaa, the company's finance director in Kenya, said he was quitting to concentrate on his private consultancy, because the company was not showing any signs of starting off the project soon.
"I've been there for one year, but nothing seems to happen. There is no job satisfaction. I've decided to go back to my consultancy services.
But it should be noted that I'm leaving at my own will," said Mr Ndaa who will be leaving by October. "The project might start soon. I don't believe the project will collapse," he said.
Mr Ben Sassoon resigned as the company's Kenya country director.
Tiomin's problems have further been compounded by its inability to raise capital intended at triggering off a Sh10.85 billion loan from a consortium of lenders.
The company threw the blame to the government. It said in its website that the government had not fulfilled certain requirements that were conditional to the release of funds by the lenders.
"Kwale remains an interesting project, but we are waiting for the Government of Kenya to complete the tasks required by international lenders so that we reorganise a new project financing syndicate," Tiomin said.
Some of the conditions according to the firm include access to the Kwale land where mining should take place.
Some eight farming families in Kwale had obtained court orders barring the government from evicting them from the land.
But in an interview with Business Daily yesterday, the Commissioner of Mines, Mr Lojomon Biwott, said the eight families occupied a small section of the land as the government had already bought out a large section of the land to allow Tiomin to start mining.
"Tiomin's problem has not been caused by the government. They have their own financial difficulties which they must address first," said Mr Biwott.
"Tiomin signed financial agreements with the government to be exempted from certain taxes, we now fear that they might not start mining titanium as had been agreed," said Mr Biwott.
Tiomin's attempts to cede part of its titanium mining rights in Kwale to ATW-Venture Corporation-a Canadian mineral exploration and Development Company fell through in June after ATW walked out of talks to buy out a 50 per cent stake in the Kwale minerals thereby throwing the mining of titanium into further doubt.
The titanium project was projected to generate significant long term economic benefit to the residents of Kwale, providing employment, improved infrastructure, health and welfare but the government's slow pace at providing alternative land to the occupants of the land bearing minerals has been slow.
The mineral is used to alloy aircraft metals for low weight, strength, and high-temperature stability.
Tiomin says the project has suffered legal and bureaucratic delays that have negatively impacted the project's return potential for its shareholders.
The company added that due to bottlenecks met in the course of its quest to mine titanium deposits in Kwale, it has registered financial expenses it never envisaged, which in extension has also chewed on its assets in America and Canada.
Cost overrun and low prices of titanium in the international market have also added to the problems of the company.
The firm has suffered a Sh2.7 billion increase in project maintenance cost.
The cost overshoot is inclusive of Sh300 million paid out to some four major contractors as contract closure fees.
Tiomin ended contracts with all engineers and local mining experts it had engaged because the Kwale mining project was taking too long to commence following a chain of litigations lodged by farmers protesting at what they said was poor compensation for their land.
Tiomin has entered into an agreement with Jinchuan Group Ltd. of China for the financing and the speedy development of the Kwale mineral sands project. Jinchuan is investing approximately Sh647million in Tiomin by purchasing 72,521,134 common shares of the company.
maybe china is getting there own people. Leave it to a country in africa to take international money and steal it, figures.
Antwort auf Beitrag Nr.: 31.554.890 von XIO am 13.09.07 05:34:15Echt übel, was das für ein Hack um Kwale ist. Hoffentlich geht´s da mal bald los
Z. Zt. gibt es wieder Ungewissheiten - jetzt wäre die Regierung mal an der Reihe, dem Projekt endlich grünes Licht zu geben.
Tiomin stoppt seine finanziellen Mittel vorläufig, bevor keine eindeutigen Zusagen von Regierungsseite kommen.
Da würde sich noch mal ein Nachkauf anbieten.
Habe am Freitag versucht, zu 0,10 zu ordern, Kurs blieb aber bei 0,105 C$ (Briefkurs). Werde mal schauen, wie sich der Kurs am Montag verhält.
Uncertainty engulfs titanium project as Tiomin stops funding
Written by Jim Onyango
17-September-2007: Titanium mining in Kwale district was last week left lying on the death bed as Tiomin said it had stopped making any further financial commitments on it citing uncertainty over its take off.
The announcement came after fresh differences emerged between the Government and the Canadian firm that was licensed to undertake the project, over the relocation of land owners from the area.
The government, which has a stake in the mining project, says it had already bought the Kwale land where the mining is to take place and handed it over to Tiomin. But Tiomin said it was yet to get access to the land.
The Canadian firm said it was finding it difficult to get financiers because the government is yet to deliver on key requirements such as the handing over land titles.
Mr Robert Jackson, Tiomin’s president, termed the Government’s stand as confusing. “Curiously, the Government’s position is that it wants Tiomin to start mining before it completes the steps that are required for Tiomin to start mining,” he said.
The Canadian firm said it had stopped the search for capital to kick-start the project unless the government gave it access to the land.
Mr Jackson said it cost the company a lot of money to arrange the debt facility that was to be covered by a syndicate of local and international banks thereby pushing up the cost of the project.
Mr Lojomon Biwott, the Commissioner of Mines, has dismissed Tiomin’s claims as lacking in substance saying he had given the company access to the Kwale land. Mr Biwott claimed inability to finance the operation was the reason Tiomin has not commenced work on the project.
Mr Jackson who sent a statement from the company’s headquarters in Canada said the Government was yet to complete key bureaucratic steps regarding land title that international lenders need to finance the project.
“Given that it costs Tiomin a lot of money to put the debt syndicate together, we will not try to do so until we are confident that the process will succeed,” he said.
Tiomin has recently suffered a Sh2.7 billion ($40 million) increase in project maintenance cost and low prices of titanium in the international market is also adding to the company’s problems. The cost overshoot is inclusive of Sh300 million paid out to some four major contractors as contract closure fees.
Tiomin ended contracts with all engineers and local mining experts it had engaged because the Kwale mining project was taking too long to commence following a chain of litigations lodged by farmers protesting at what they said was poor compensation for their land.
The firm has cancelled its contract with Ausenco of Australia, an engineering company that was to act as the project manager. “During the delay period, the cost of the project went up,” Mr Jackson said.
“Financiers decided that they could not lend to the project and withdrew their debt package in February. We reduced staff, and halted the expensive monthly payments to Ausenco,” he said.
Chinese company Jinchuan Group, which bought into Tiomin recently is currently doing due diligence on the Kwale project. Jinchuan is investing approximately Sh647million in Tiomin by purchasing 72,521,134 common shares of the Company.
It is estimated that Kwale has 3.2 billion tonnes or 14 percent of the world’s titanium resources. Titanium mining is the first ever major mining activity in Kenya that would directly employ 400 Kenyans and earn communities around Kwale millions of shillings in land compensation.
Two key officials of Tiomin-Kenya, a subsidiary of a Canadian company licensed have since left the company thereby throwing the mining project into confusion.
Tiomin stoppt seine finanziellen Mittel vorläufig, bevor keine eindeutigen Zusagen von Regierungsseite kommen.
Da würde sich noch mal ein Nachkauf anbieten.
Habe am Freitag versucht, zu 0,10 zu ordern, Kurs blieb aber bei 0,105 C$ (Briefkurs). Werde mal schauen, wie sich der Kurs am Montag verhält.
Uncertainty engulfs titanium project as Tiomin stops funding
Written by Jim Onyango
17-September-2007: Titanium mining in Kwale district was last week left lying on the death bed as Tiomin said it had stopped making any further financial commitments on it citing uncertainty over its take off.
The announcement came after fresh differences emerged between the Government and the Canadian firm that was licensed to undertake the project, over the relocation of land owners from the area.
The government, which has a stake in the mining project, says it had already bought the Kwale land where the mining is to take place and handed it over to Tiomin. But Tiomin said it was yet to get access to the land.
The Canadian firm said it was finding it difficult to get financiers because the government is yet to deliver on key requirements such as the handing over land titles.
Mr Robert Jackson, Tiomin’s president, termed the Government’s stand as confusing. “Curiously, the Government’s position is that it wants Tiomin to start mining before it completes the steps that are required for Tiomin to start mining,” he said.
The Canadian firm said it had stopped the search for capital to kick-start the project unless the government gave it access to the land.
Mr Jackson said it cost the company a lot of money to arrange the debt facility that was to be covered by a syndicate of local and international banks thereby pushing up the cost of the project.
Mr Lojomon Biwott, the Commissioner of Mines, has dismissed Tiomin’s claims as lacking in substance saying he had given the company access to the Kwale land. Mr Biwott claimed inability to finance the operation was the reason Tiomin has not commenced work on the project.
Mr Jackson who sent a statement from the company’s headquarters in Canada said the Government was yet to complete key bureaucratic steps regarding land title that international lenders need to finance the project.
“Given that it costs Tiomin a lot of money to put the debt syndicate together, we will not try to do so until we are confident that the process will succeed,” he said.
Tiomin has recently suffered a Sh2.7 billion ($40 million) increase in project maintenance cost and low prices of titanium in the international market is also adding to the company’s problems. The cost overshoot is inclusive of Sh300 million paid out to some four major contractors as contract closure fees.
Tiomin ended contracts with all engineers and local mining experts it had engaged because the Kwale mining project was taking too long to commence following a chain of litigations lodged by farmers protesting at what they said was poor compensation for their land.
The firm has cancelled its contract with Ausenco of Australia, an engineering company that was to act as the project manager. “During the delay period, the cost of the project went up,” Mr Jackson said.
“Financiers decided that they could not lend to the project and withdrew their debt package in February. We reduced staff, and halted the expensive monthly payments to Ausenco,” he said.
Chinese company Jinchuan Group, which bought into Tiomin recently is currently doing due diligence on the Kwale project. Jinchuan is investing approximately Sh647million in Tiomin by purchasing 72,521,134 common shares of the Company.
It is estimated that Kwale has 3.2 billion tonnes or 14 percent of the world’s titanium resources. Titanium mining is the first ever major mining activity in Kenya that would directly employ 400 Kenyans and earn communities around Kwale millions of shillings in land compensation.
Two key officials of Tiomin-Kenya, a subsidiary of a Canadian company licensed have since left the company thereby throwing the mining project into confusion.
Habe diese Gelegenheit noch mal zu einem Nachkauf genutzt zu 0,10 C$. Wäre sogar noch ein Briefkurs zu 0,095 möglich gewesen für kurze Zeit kurz vor Börsenschluss aber das wäre nicht sicher.
Hoffe, das sich die gegenwärtigen Probleme bei Tiomin bald wieder in positive Nachrichten umschlagen.
Es wurden Fakten nicht korrekt wiedergegeben.
siehe folgende e-mail vom Tiomin Chef:
From: Robert Jackson [mailto:RJackson@Tiomin.com]
Sent: Thursday, September 13, 2007 6:30 AM
To: Jim Onyango
Cc: Joe Schwarz; ondigo@ogilvy.co.ke; JC Potvin
Subject: Tiomin Article
Hi Jim,
We do appreciate your articles about Tiomin but we really do wish that you would check your facts first. There was so much wrong in that last one that it is easier to identify the few correct statements rather than the wrong ones.
Your opening sentence contains three pieces of information, which are that two senior officers have resigned and that we failed to raise US$46 million to finance the project. Two of these facts are wrong. We terminated Ben Sassoon in February for reasons that I will not discuss. He did not resign. His departure has had zero impact on our operation, other than saving money. Secondly, if you read our press releases, you would see that we raised more than the US$46 million in 2006.
We have no idea who told you that mining was meant to start next month but it was always scheduled for the second half of 2008, prior to the delays that we announced more than half a year ago. Similarly, we entirely disown the comment about 3.2 billion tonnes. This is utter rubbish and it did not come from us.
The real fundamental reason that we cannot proceed is that the Government of Kenya has not completed a variety of actions that foreign lenders will expect to be completed before they lend money to a Kenyan mining project. We had a very expensive false start last year and we are not going to repeat that mistake. The resignation of Peter Ndaa in no way threatens this project. Inaction by the Government of Kenya does.
I really have one objective in writing this e-mail and that is to say that good journalism requires fact checking. When an article about Tiomin contains more wrong information than it does correct information, it harms the journalist i.e. you, it harms your newspaper, it harms us and it does a disservice to your readers, who expect a certain minimum standard of journalistic integrity.
In conclusion, it is your prerogative to write about Tiomin but we hope to see a significantly better quality of work when it comes to getting simple facts right. We would very much appreciate a corrective piece.
Regards
Bob Jackson
Robert W. Jackson
President & CEO
Tiomin Resources Inc.
18 King Street East, Suite 810
Toronto
M5C 1C4
Mobile: +44 (0) 76 24 46 46 67
Fax: 416 350 3570
Skype: robert.w.jackson
E-mail: rjackson@tiomin.com
Hoffe, das sich die gegenwärtigen Probleme bei Tiomin bald wieder in positive Nachrichten umschlagen.
Es wurden Fakten nicht korrekt wiedergegeben.
siehe folgende e-mail vom Tiomin Chef:
From: Robert Jackson [mailto:RJackson@Tiomin.com]
Sent: Thursday, September 13, 2007 6:30 AM
To: Jim Onyango
Cc: Joe Schwarz; ondigo@ogilvy.co.ke; JC Potvin
Subject: Tiomin Article
Hi Jim,
We do appreciate your articles about Tiomin but we really do wish that you would check your facts first. There was so much wrong in that last one that it is easier to identify the few correct statements rather than the wrong ones.
Your opening sentence contains three pieces of information, which are that two senior officers have resigned and that we failed to raise US$46 million to finance the project. Two of these facts are wrong. We terminated Ben Sassoon in February for reasons that I will not discuss. He did not resign. His departure has had zero impact on our operation, other than saving money. Secondly, if you read our press releases, you would see that we raised more than the US$46 million in 2006.
We have no idea who told you that mining was meant to start next month but it was always scheduled for the second half of 2008, prior to the delays that we announced more than half a year ago. Similarly, we entirely disown the comment about 3.2 billion tonnes. This is utter rubbish and it did not come from us.
The real fundamental reason that we cannot proceed is that the Government of Kenya has not completed a variety of actions that foreign lenders will expect to be completed before they lend money to a Kenyan mining project. We had a very expensive false start last year and we are not going to repeat that mistake. The resignation of Peter Ndaa in no way threatens this project. Inaction by the Government of Kenya does.
I really have one objective in writing this e-mail and that is to say that good journalism requires fact checking. When an article about Tiomin contains more wrong information than it does correct information, it harms the journalist i.e. you, it harms your newspaper, it harms us and it does a disservice to your readers, who expect a certain minimum standard of journalistic integrity.
In conclusion, it is your prerogative to write about Tiomin but we hope to see a significantly better quality of work when it comes to getting simple facts right. We would very much appreciate a corrective piece.
Regards
Bob Jackson
Robert W. Jackson
President & CEO
Tiomin Resources Inc.
18 King Street East, Suite 810
Toronto
M5C 1C4
Mobile: +44 (0) 76 24 46 46 67
Fax: 416 350 3570
Skype: robert.w.jackson
E-mail: rjackson@tiomin.com
Antwort auf Beitrag Nr.: 31.638.673 von jensdab am 17.09.07 23:58:29heute +15 in Kanada... geeghen die chinesischen "Spielchen" schon los?
Antwort auf Beitrag Nr.: 31.652.068 von XIO am 18.09.07 22:37:20Was meinst Du mit chinesischen Spielchen?
Wer weiß schon, was den Kurs heute wieder nach oben gebracht hat. Die Chinesen haben ja schon gekauft.
Könnte auch mit der Zinsentscheidung der Fed zu tun haben.
Nachdem gestern die Panik Verkäufe überwogen, war das Kaufvolumen bei 1,17 Mio. und 202000 Verkäufe.
Da hab ich ja anscheinend das richtige Timing am Montag gehabt mit meinem Kauf zu 0,10 C$.
Hoffentlich geht es jetzt wieder Richtung 0,15 - vermutlich dauert das aber wegen der gegenwärtigen Unsicherheiten.
Kann sich auch noch weiter hinziehen, da es bald Wahlen in Kenia gibt.
Der thread Titel heißt ja auch u.a. "Chance für Mutige und Geduldige"
Last Trade: 0.1150
Trade Time: 3:49PM ET
Change: Up 0.0150 (15.00%)
Prev Close: 0.10
Open: 0.10
Bid: 0.1100
Ask: 0.1150
Wer weiß schon, was den Kurs heute wieder nach oben gebracht hat. Die Chinesen haben ja schon gekauft.
Könnte auch mit der Zinsentscheidung der Fed zu tun haben.
Nachdem gestern die Panik Verkäufe überwogen, war das Kaufvolumen bei 1,17 Mio. und 202000 Verkäufe.
Da hab ich ja anscheinend das richtige Timing am Montag gehabt mit meinem Kauf zu 0,10 C$.
Hoffentlich geht es jetzt wieder Richtung 0,15 - vermutlich dauert das aber wegen der gegenwärtigen Unsicherheiten.
Kann sich auch noch weiter hinziehen, da es bald Wahlen in Kenia gibt.
Der thread Titel heißt ja auch u.a. "Chance für Mutige und Geduldige"
Last Trade: 0.1150
Trade Time: 3:49PM ET
Change: Up 0.0150 (15.00%)
Prev Close: 0.10
Open: 0.10
Bid: 0.1100
Ask: 0.1150
Lesezeichen.
Antwort auf Beitrag Nr.: 31.652.798 von jensdab am 19.09.07 00:48:05wenn Tiomin evtl 2008/2009 startet.. (mal angenommen, die Dinge kommen ins rollen), werden die Chinesen bestimmt versuchen, das Unternehmen nicht erst in ein paar Jahren mit den Optionen zu 0,35 CAD zu übernehmen.
Oder würdest Du warten, bis man das 3-fache bezahlen muss?
Die letzten 2 unauthorisierte Berichte sind meiner Meinung nach in die Medien lanciert worden, um den Kurs zu manipulieren.
Oder würdest Du warten, bis man das 3-fache bezahlen muss?
Die letzten 2 unauthorisierte Berichte sind meiner Meinung nach in die Medien lanciert worden, um den Kurs zu manipulieren.
Wenig tut sich z. Zt. bei Tiomin, immerhin ein geringer Anstieg auf 0,11 aber noch ziemlich entfernt von 0,15.
Tiomin Aktionäre brauchen einen sehr langen Atem und eine Menge Geduld.
Hier einige Punkte, die für ein Investment in Tio sprechen:
(von Bullboard user Kooler), mit dem ich auch ab und zu email Kontakt habe.
I understand your frustration with this stock. I have been in this one about 1.5 years myself and can appreciate a little how you must feel. The reason I'm still optimistic are the following:
1. Jinchuan got involved. Even though they got plenty of money, they are stingy and don't throw money away foolishly. I'm following their lead. The Chinese still has a good success reputation overall in Africa. They need the stuff more than anyone else and will ensure that they get this stuff off the ground by hook or by crook.
2. 14% of world known titanium resource is lot and everybody including the GOK would like to this resource get mined. There will be a lot of problems (as we have encountered here) but I believe the list is getting shorter.
3. Capitulation. I got to hand it to you that you're still around but most of the frustrated holders are gone and this could be a sign for a turn around (anyone that wanted to sell have sold, except for the traders).
4. Paul Fortin, our trump card if we have to use it. This guy has a very good reputation in Africa and is well connected. I know he's probably very busy with his own stuff in Congo but if TIO is in a deadlock with GOK, I'm sure he won't mind giving TIO a hand. After all, he's still a board director.
5. TIO mngmnt want to retire wealthy and has lots of incentives (options) to see this through. I'm sure that they are frustrated as well with all the delays, politics, etc..
6. New US players (i.e. Goldman, Merrill), albeit small stake, is a good sign that perhaps, they may get involved more in the future. They could be just testing the water before diving in. I used to deal with full service brokers and they don't recommend or agree to let you buy a stock they think there is a chance of making some money. Like you said, their reputation and career is at stake. So they putting their career on this line so to speak (pretty gutsy move). If someone was to buy this stock on their own advice, one would certianly put in his/her order through a discount broker. Why should one pay full commission if one's not getting any advice.
Cheer up, our day in the sun will be here sooner or later. I don't need to tell you this as you have shown a lot of it but patience is required here
Tiomin Aktionäre brauchen einen sehr langen Atem und eine Menge Geduld.
Hier einige Punkte, die für ein Investment in Tio sprechen:
(von Bullboard user Kooler), mit dem ich auch ab und zu email Kontakt habe.
I understand your frustration with this stock. I have been in this one about 1.5 years myself and can appreciate a little how you must feel. The reason I'm still optimistic are the following:
1. Jinchuan got involved. Even though they got plenty of money, they are stingy and don't throw money away foolishly. I'm following their lead. The Chinese still has a good success reputation overall in Africa. They need the stuff more than anyone else and will ensure that they get this stuff off the ground by hook or by crook.
2. 14% of world known titanium resource is lot and everybody including the GOK would like to this resource get mined. There will be a lot of problems (as we have encountered here) but I believe the list is getting shorter.
3. Capitulation. I got to hand it to you that you're still around but most of the frustrated holders are gone and this could be a sign for a turn around (anyone that wanted to sell have sold, except for the traders).
4. Paul Fortin, our trump card if we have to use it. This guy has a very good reputation in Africa and is well connected. I know he's probably very busy with his own stuff in Congo but if TIO is in a deadlock with GOK, I'm sure he won't mind giving TIO a hand. After all, he's still a board director.
5. TIO mngmnt want to retire wealthy and has lots of incentives (options) to see this through. I'm sure that they are frustrated as well with all the delays, politics, etc..
6. New US players (i.e. Goldman, Merrill), albeit small stake, is a good sign that perhaps, they may get involved more in the future. They could be just testing the water before diving in. I used to deal with full service brokers and they don't recommend or agree to let you buy a stock they think there is a chance of making some money. Like you said, their reputation and career is at stake. So they putting their career on this line so to speak (pretty gutsy move). If someone was to buy this stock on their own advice, one would certianly put in his/her order through a discount broker. Why should one pay full commission if one's not getting any advice.
Cheer up, our day in the sun will be here sooner or later. I don't need to tell you this as you have shown a lot of it but patience is required here
Antwort auf Beitrag Nr.: 31.663.758 von XIO am 19.09.07 16:55:42news out
Neuer CEO von Jinchuan gestellt. Glaube, so hart wie es jetzt klingen mag, bevor das Kwale-Projekt scheitert, schicken die Chinesen Ihre Mafia nach Afrika.
Neuer CEO von Jinchuan gestellt. Glaube, so hart wie es jetzt klingen mag, bevor das Kwale-Projekt scheitert, schicken die Chinesen Ihre Mafia nach Afrika.
Glaube nicht, daß die chinesische Besetzung bei Tiomin Auswirkungen auf die letzten Genehmigungen der kenianischen Regierung haben werden.
Die letzten Hürden wird Tiomin schon schaffen, aber da spielt auch die Politik noch eine Rolle.
Wir brauchen nach wie vor einen langen Atem......
News Release - Tuesday, October 02, 2007
Tiomin Appoints Director
=======================================================================
Toronto, Canada, October 2nd, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') is pleased to announce the appointment of Mr. Lu Qingua
as Jinchuan's nominee to the Board of Directors of the Corporation.
In the transaction announced on June 18, 2007, Jinchuan invested $10.9
million in Tiomin to buy 72,512,134 common shares at $0.15 per share,
increasing Jinchuan's interest in Tiomin to 20%, and received an
18-month option to increase its interest in Tiomin to 30% by
subscribing for additional common shares of Tiomin at $0.35 per share.
The Subscription Agreement provided for Jinchuan to nominate a director
to the Board of Directors of Tiomin and Mr. Lu Qingua has been
nominated by Jinchuan and has accepted the nomination.
Mr. Robert Jackson, President and CEO of Tiomin commented "Jinchuan's
involvement in Tiomin is very important and all avenues are currently
being explored to jointly develop our Kwale Titanium Project in Kenya.
However, the future of the Kwale project is still contingent upon the
Government of Kenya completing all outstanding issues and upon the
interest of international lenders in providing the necessary financing.
Our 49% interest in the Pukaqaqa Copper Project in Peru is progressing
well and we are evaluating many interesting opportunities in both
mineral sands and other metals in different regions around the world.
We are working very hard to regain the confidence of our investors and
to restore shareholder value".
Jinchuan (www.jnmc.com) is the largest producer of nickel, cobalt and
platinum group metals in China, combining mining, milling, smelting &
refining and chemical engineering operations. It produces nickel,
copper, cobalt, precious metals, various bulk chemicals and nonferrous
metals. The output of nickel and platinum group metals are 88% and 90%
respectively of total Chinese production.
For further information please contact:
Jean-Charles Potvin
Executive Chairman
(416)350-3779 Ext. 227
Robert Jackson
President & CEO
(416)350-3779 Ext. 230
Joyce Misoi
Project Coordinator &
Investor Relations
(416) 350-3779 Ext. 233
jmisoi@tiomin.com
Visit the company's website at www.tiomin.com
http://biz.yahoo.com/ccn/071002/200710020416633001.html?.v=1
Die letzten Hürden wird Tiomin schon schaffen, aber da spielt auch die Politik noch eine Rolle.
Wir brauchen nach wie vor einen langen Atem......
News Release - Tuesday, October 02, 2007
Tiomin Appoints Director
=======================================================================
Toronto, Canada, October 2nd, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') is pleased to announce the appointment of Mr. Lu Qingua
as Jinchuan's nominee to the Board of Directors of the Corporation.
In the transaction announced on June 18, 2007, Jinchuan invested $10.9
million in Tiomin to buy 72,512,134 common shares at $0.15 per share,
increasing Jinchuan's interest in Tiomin to 20%, and received an
18-month option to increase its interest in Tiomin to 30% by
subscribing for additional common shares of Tiomin at $0.35 per share.
The Subscription Agreement provided for Jinchuan to nominate a director
to the Board of Directors of Tiomin and Mr. Lu Qingua has been
nominated by Jinchuan and has accepted the nomination.
Mr. Robert Jackson, President and CEO of Tiomin commented "Jinchuan's
involvement in Tiomin is very important and all avenues are currently
being explored to jointly develop our Kwale Titanium Project in Kenya.
However, the future of the Kwale project is still contingent upon the
Government of Kenya completing all outstanding issues and upon the
interest of international lenders in providing the necessary financing.
Our 49% interest in the Pukaqaqa Copper Project in Peru is progressing
well and we are evaluating many interesting opportunities in both
mineral sands and other metals in different regions around the world.
We are working very hard to regain the confidence of our investors and
to restore shareholder value".
Jinchuan (www.jnmc.com) is the largest producer of nickel, cobalt and
platinum group metals in China, combining mining, milling, smelting &
refining and chemical engineering operations. It produces nickel,
copper, cobalt, precious metals, various bulk chemicals and nonferrous
metals. The output of nickel and platinum group metals are 88% and 90%
respectively of total Chinese production.
For further information please contact:
Jean-Charles Potvin
Executive Chairman
(416)350-3779 Ext. 227
Robert Jackson
President & CEO
(416)350-3779 Ext. 230
Joyce Misoi
Project Coordinator &
Investor Relations
(416) 350-3779 Ext. 233
jmisoi@tiomin.com
Visit the company's website at www.tiomin.com
http://biz.yahoo.com/ccn/071002/200710020416633001.html?.v=1
Antwort auf Beitrag Nr.: 31.823.203 von jensdab am 02.10.07 21:24:46Denke doch, dass die Chinesen mehr Macht ausüben können, als ein kanad. Explorer. Da werden polit. Beziehungen ins Spiel gebracht und ggfs. auch mal Muskeln spielen gelassen. IMHO
Antwort auf Beitrag Nr.: 31.826.141 von jaffa am 03.10.07 00:13:19Ich habs geahnt... die chinesen besetzen die letztens frei gewordenen Stellen im Management.
Würde sagen... es geht so langsam los
Würde sagen... es geht so langsam los
Pinnacle Digest: Appointment Sparks Interest: Sector Specific Review
Wednesday, October 03, 2007; Posted: 06:21 AM
Tiomin Resources Inc. (TSX: TIO | charts | news | PowerRating) experienced an even day in the markets Tuesday along with 724,000 shares traded. On October 2nd they announced the appointment of Mr. Lu Qingua as Jinchuan's nominee to the Board of Directors. This appointment has caught our attention at PinnacleDigest and we have since begun evaluating the aspects surrounding their main properties. The factors influencing the market which Tiomin Resources operates within are fundamental to our review.
We are focused on Tiomin's immediate future objectives and will be reviewing them as the summer comes to an end. To follow up with Tiomin Resources continue with this article, but to read its entirety visit our informative and easy access online financial magazine at www.pinnacledigest.com.
At PinnacleDigest we are currently focused on the small to mid cap markets. We are focused on companies specifically focused in the mining and energy based sectors operating within North America. Our main goal has and will always be to enhance our members approach to the market, while adding additional research.
U.S. stocks emerged from the beating they were dealt this summer at the behest of the mortgage meltdown and a continually sliding housing market. US markets capped the largest September advance in 8 years after the Federal Reserve cut interest rates. On Tuesday most US stocks advanced as continued speculation the worst of the subprime mortgage losses has passed. Ed Peters the Chief Investment Officer at PanAgora Asset Management in Boston made a comment we agree with strongly at PinnacleDigest. He stated, "Commodities will continue rising in price, lifting shares of their producers, because the rate cut may boost inflation."
The housing market rose to close last week after speculation the Fed will have to lower interest rates further to ward off a recession grew confidence. Two of the largest homebuilders in American advanced strongly on Monday. We have our eye on the oil and gas sector at PinnacleDigest as the price of oil continues to trade at historically high levels. Canadian stocks have put together a very nice rally of late. We reviewed the details of this rise in this week's newsletter found under our "Weekly Volume" section. The TSX Composite fell 47.85 points Tuesday closing at 14152.73.
The S&P 500 jumped 3.6% in September. The markets have regained stability and have been moving in a positive direction of late. The Dow Average rose 4% in September but fell 40 points Tuesday. Many are worried the Fed's initial rate cut will be too little too late to save the faltering US economy and that another cut will have to be delivered. We will be continuing to closely monitor the financial sector as many issues surrounding the mortgage crisis have not been dealt with. The Dow's record today, caps a six week rally and has recovered almost $2 trillion in losses.
At PinnacleDigest we have recently announced two new featured companies's trading in the mining and oil and gas industries. We invite you to visit our multi-purpose online financial magazine to learn more about what we have to offer as well as information on companies featured within it.
In respect to Tiomin Resources we are interested in their most recent development, but even more specifically the trend of the sector influencing their ultimate success. Mr. Robert Jackson the President and CEO of Tiomin made these worthwhile comments. He stated that, "Jinchuan's involvement in Tiomin is very important and all avenues are currently being explored to jointly develop our Kwale Titanium Project in Kenya. However, the future of the Kwale project is still contingent upon the Government of Kenya completing all outstanding issues and upon the interest of international lenders in providing the necessary financing." We will be following up with Tiomin Resources as they progress during this pivotal time period.
Wednesday, October 03, 2007; Posted: 06:21 AM
Tiomin Resources Inc. (TSX: TIO | charts | news | PowerRating) experienced an even day in the markets Tuesday along with 724,000 shares traded. On October 2nd they announced the appointment of Mr. Lu Qingua as Jinchuan's nominee to the Board of Directors. This appointment has caught our attention at PinnacleDigest and we have since begun evaluating the aspects surrounding their main properties. The factors influencing the market which Tiomin Resources operates within are fundamental to our review.
We are focused on Tiomin's immediate future objectives and will be reviewing them as the summer comes to an end. To follow up with Tiomin Resources continue with this article, but to read its entirety visit our informative and easy access online financial magazine at www.pinnacledigest.com.
At PinnacleDigest we are currently focused on the small to mid cap markets. We are focused on companies specifically focused in the mining and energy based sectors operating within North America. Our main goal has and will always be to enhance our members approach to the market, while adding additional research.
U.S. stocks emerged from the beating they were dealt this summer at the behest of the mortgage meltdown and a continually sliding housing market. US markets capped the largest September advance in 8 years after the Federal Reserve cut interest rates. On Tuesday most US stocks advanced as continued speculation the worst of the subprime mortgage losses has passed. Ed Peters the Chief Investment Officer at PanAgora Asset Management in Boston made a comment we agree with strongly at PinnacleDigest. He stated, "Commodities will continue rising in price, lifting shares of their producers, because the rate cut may boost inflation."
The housing market rose to close last week after speculation the Fed will have to lower interest rates further to ward off a recession grew confidence. Two of the largest homebuilders in American advanced strongly on Monday. We have our eye on the oil and gas sector at PinnacleDigest as the price of oil continues to trade at historically high levels. Canadian stocks have put together a very nice rally of late. We reviewed the details of this rise in this week's newsletter found under our "Weekly Volume" section. The TSX Composite fell 47.85 points Tuesday closing at 14152.73.
The S&P 500 jumped 3.6% in September. The markets have regained stability and have been moving in a positive direction of late. The Dow Average rose 4% in September but fell 40 points Tuesday. Many are worried the Fed's initial rate cut will be too little too late to save the faltering US economy and that another cut will have to be delivered. We will be continuing to closely monitor the financial sector as many issues surrounding the mortgage crisis have not been dealt with. The Dow's record today, caps a six week rally and has recovered almost $2 trillion in losses.
At PinnacleDigest we have recently announced two new featured companies's trading in the mining and oil and gas industries. We invite you to visit our multi-purpose online financial magazine to learn more about what we have to offer as well as information on companies featured within it.
In respect to Tiomin Resources we are interested in their most recent development, but even more specifically the trend of the sector influencing their ultimate success. Mr. Robert Jackson the President and CEO of Tiomin made these worthwhile comments. He stated that, "Jinchuan's involvement in Tiomin is very important and all avenues are currently being explored to jointly develop our Kwale Titanium Project in Kenya. However, the future of the Kwale project is still contingent upon the Government of Kenya completing all outstanding issues and upon the interest of international lenders in providing the necessary financing." We will be following up with Tiomin Resources as they progress during this pivotal time period.
http://www.bdafrica.com/index.php?option=com_content&task=vi…
Chinese buy-in forces board changes at Tiomin
Written by Jim Onyango
Equipment at the Tiomin mining site
October 04 2007: Canadian mineral explorer Tiomin Resources has appointed a new board member who is expected to inject fresh impetus in the development of Kwale titanium project.
The new board member Lu Qingua was nominated by Jinchuan Group, a Chinese mineral exploration firm which recently bought into Tiomin.
But analysts say the appointment of officials of Jinchuan into Tiomin’s board could mark the beginning of the handing over of Kenya’s Titanium fields to Chinese firms.
Tiomin has been struggling to get the Kenyan mining operations off the ground. Jinchuan came to the rescue in the first quarter of the year by investing Sh647 million to buy 72,512,134 common shares of Tiomin, increasing Jinchuan’s interest in Tiomin to 20 per cent, and received an 18-month option to increase its interest in Tiomin to 30 per cent by subscribing for additional common shares.
Tiomin said the deal resulted in Jinchuan nominating Qingua to sit on its board.
“Jinchuan involvement in Tiomin is very important and all avenues are currently being explored to jointly develop our Kwale Titanium Project in Kenya” said Tiomin President and CEO Robert Jackson.
Jinchuan, the largest producer of nickel, cobalt and platinum metals in China recently bought 20 per cent of the Canadian firm which has been struggling to kick start its Titanium mining at the Kenyan coast.
Jennings Capital-a Canadian corporate, institutional and private financial services company warns that Jinchuan is likely to wrestle Kenya’s titanium minerals from Tiomin but not to control the Kwale site.
“A typical structure for a project level investment would involve Jinchuan agreeing to provide the full financing for the project in exchange for a majority interest” Jennings Capital says in a report published in April.
Jinchuan is building a titanium plant in China that will rely heavily on the feedstock produced by the Kwale project.
Jinchuan is the largest producer of nickel, cobalt and platinum group metals in China, combining mining, milling, smelting & refining and chemical engineering operations.
Tiomin was licensed 10 years ago to mine titanium in Kwale but work is yet to start owing to financial constraints, dispute with land owners in Kwale and the recent departure of senior staff.
But Tiomin is tussling with land owners in Kwale to gain access to the site believed to contain 3.2 billion tones of titanium– 14 percent of the world’s titanium resources.
The Canadian firm believes that the government has not done enough to persuade Kwale residents to vacate the land. “The future of the Kwale project is still depends upon the Government of Kenya completing all outstanding issues and upon the interest of international lenders in providing the necessary financing” said Jackson.
The company suffered a setback last month when two key officials of Tiomin-Kenya, a subsidiary of the Canadian company walked out. The firm has also failed to raise enough capital to kick off the exploration project.
And because of its inability to start production, the firm has had to cancel its contract with Ausenco of Australia, an engineering company that was to act as the project manager.
Tiomin could raise an additional Sh100 million in new cash resources if Jinchuan moved to improve its stake to 30 per cent.
This could significantly strengthen Tiomin’s cash position to about Sh1.9billion bringing back to life the Kwale mineral sands project which was threatened by premature closure.
The cash injection would help in developing the virgin Kwale mineral sands-estimated to hold about 3.2 billion tones of titanium-14 per cent of the world’s titanium resources.
Titanium mining is the first major mining activity in Kenya that would directly employ 400 Kenyans and earn the country billions of shillings.
Titanium is a silvery-grey metallic element which is added to various steel alloys and used in the manufacture of jet engines and missiles because of its heat and corrosion-resistant qualities.
Tiomin’s shaky financial base has hindered it from starting the mining of titanium in Kwale.
In February Tiomin’s attempts to cede part of its titanium mining rights in Kwale to ATW-Venture Corporation-a Canadian mineral exploration and Development Company fell through after ATW walked out of talks to buy out a 50 percent stake in the Kwale minerals thereby throwing the mining of titanium into further doubt.
The company suspended its mining operations in Kwale for seven months in February following a failure to raise funds to kick start the mining project.
. The firm said existing disagreement on land issues and access to the mining site had spawned delays, causing costs to rise, forcing the project’s lenders to withdraw the debt facility that was in place.
Tiomin Resources said it suffered a Sh2.7 billion ($40 million) increase in project maintenance cost. The project’s initial capital expenditure was estimated at Sh12.4 billion.
The cost overshoot is inclusive of Sh300 million paid out to some four major contractors as contract closure fees. Tiomin ended contracts with all engineers and local mining experts it had engaged because the Kwale mining project was taking too long to commence following a chain of litigations lodged by farmers protesting at what they said was poor compensation for their land.
Chinese buy-in forces board changes at Tiomin
Written by Jim Onyango
Equipment at the Tiomin mining site
October 04 2007: Canadian mineral explorer Tiomin Resources has appointed a new board member who is expected to inject fresh impetus in the development of Kwale titanium project.
The new board member Lu Qingua was nominated by Jinchuan Group, a Chinese mineral exploration firm which recently bought into Tiomin.
But analysts say the appointment of officials of Jinchuan into Tiomin’s board could mark the beginning of the handing over of Kenya’s Titanium fields to Chinese firms.
Tiomin has been struggling to get the Kenyan mining operations off the ground. Jinchuan came to the rescue in the first quarter of the year by investing Sh647 million to buy 72,512,134 common shares of Tiomin, increasing Jinchuan’s interest in Tiomin to 20 per cent, and received an 18-month option to increase its interest in Tiomin to 30 per cent by subscribing for additional common shares.
Tiomin said the deal resulted in Jinchuan nominating Qingua to sit on its board.
“Jinchuan involvement in Tiomin is very important and all avenues are currently being explored to jointly develop our Kwale Titanium Project in Kenya” said Tiomin President and CEO Robert Jackson.
Jinchuan, the largest producer of nickel, cobalt and platinum metals in China recently bought 20 per cent of the Canadian firm which has been struggling to kick start its Titanium mining at the Kenyan coast.
Jennings Capital-a Canadian corporate, institutional and private financial services company warns that Jinchuan is likely to wrestle Kenya’s titanium minerals from Tiomin but not to control the Kwale site.
“A typical structure for a project level investment would involve Jinchuan agreeing to provide the full financing for the project in exchange for a majority interest” Jennings Capital says in a report published in April.
Jinchuan is building a titanium plant in China that will rely heavily on the feedstock produced by the Kwale project.
Jinchuan is the largest producer of nickel, cobalt and platinum group metals in China, combining mining, milling, smelting & refining and chemical engineering operations.
Tiomin was licensed 10 years ago to mine titanium in Kwale but work is yet to start owing to financial constraints, dispute with land owners in Kwale and the recent departure of senior staff.
But Tiomin is tussling with land owners in Kwale to gain access to the site believed to contain 3.2 billion tones of titanium– 14 percent of the world’s titanium resources.
The Canadian firm believes that the government has not done enough to persuade Kwale residents to vacate the land. “The future of the Kwale project is still depends upon the Government of Kenya completing all outstanding issues and upon the interest of international lenders in providing the necessary financing” said Jackson.
The company suffered a setback last month when two key officials of Tiomin-Kenya, a subsidiary of the Canadian company walked out. The firm has also failed to raise enough capital to kick off the exploration project.
And because of its inability to start production, the firm has had to cancel its contract with Ausenco of Australia, an engineering company that was to act as the project manager.
Tiomin could raise an additional Sh100 million in new cash resources if Jinchuan moved to improve its stake to 30 per cent.
This could significantly strengthen Tiomin’s cash position to about Sh1.9billion bringing back to life the Kwale mineral sands project which was threatened by premature closure.
The cash injection would help in developing the virgin Kwale mineral sands-estimated to hold about 3.2 billion tones of titanium-14 per cent of the world’s titanium resources.
Titanium mining is the first major mining activity in Kenya that would directly employ 400 Kenyans and earn the country billions of shillings.
Titanium is a silvery-grey metallic element which is added to various steel alloys and used in the manufacture of jet engines and missiles because of its heat and corrosion-resistant qualities.
Tiomin’s shaky financial base has hindered it from starting the mining of titanium in Kwale.
In February Tiomin’s attempts to cede part of its titanium mining rights in Kwale to ATW-Venture Corporation-a Canadian mineral exploration and Development Company fell through after ATW walked out of talks to buy out a 50 percent stake in the Kwale minerals thereby throwing the mining of titanium into further doubt.
The company suspended its mining operations in Kwale for seven months in February following a failure to raise funds to kick start the mining project.
. The firm said existing disagreement on land issues and access to the mining site had spawned delays, causing costs to rise, forcing the project’s lenders to withdraw the debt facility that was in place.
Tiomin Resources said it suffered a Sh2.7 billion ($40 million) increase in project maintenance cost. The project’s initial capital expenditure was estimated at Sh12.4 billion.
The cost overshoot is inclusive of Sh300 million paid out to some four major contractors as contract closure fees. Tiomin ended contracts with all engineers and local mining experts it had engaged because the Kwale mining project was taking too long to commence following a chain of litigations lodged by farmers protesting at what they said was poor compensation for their land.
Antwort auf Beitrag Nr.: 31.850.036 von jensdab am 05.10.07 00:59:47Es ist wohl davon auszugehen, dass Tio von den Chinesen komplett übernommen wird. Bin gespannt, wie sie uns abspeisen wollen, sollte es so kommen
Ich hoffe, da ist Tiomin evtl. mit dabei!!
Peru to speed up mining development
(Bloomberg)
Updated: 2007-09-28 11:15
http://www.chinamining.org/News/2007-09-28/1190949450d7261.h…
Peru`s government sent Congress a bill that aims to speed up the development of 20 copper and zinc deposits, national newspaper Gestion reported in its online edition.
The projects, which include copper mines such as Xstrata plc`s Las Bambas, Rio Tinto Group`s La Granja and Anglo American plc`s Michiquillay and Quellaveco, could bring in US$7.7 billion in investment during the next seven years, the Lima newspaper said.
The bill also includes Zijin Consortium`s US$1.4 billion Rio Blanco copper project, which was rejected by northern Andean farmers in a local referendum last weekend, Gestion said.
Under the terms of the bill, the government would be committed to investing in infrastructure such as roads near the mines, according to Gestion.
Meanwhile Peruvian President Alan Garcia comments on investment in Peru`s mining and energy industries and the U.S.-Peru free-trade agreement. He made the comments on Tuesday at the inauguration of a $250 million expansion of SABMiller plc`s Motupe brewery in Chiclayo, Peru.
On the brewery Mr Garcia said: "This is a two-year US$250 million investment. This is the market economy that we promote. I`ve inaugurated three gas-fired power plants for a total investment of US$500 million, the world`s most modern mine at an investment of US$250 million and for the first time US$250 million in investment in a dam to produce electricity and water for agriculture.
"Last night, we signed with Brazil`s Votorantim the US$500 million expansion of its Cajamarquilla zinc refinery in Lima, which will create 2,000 construction jobs and employ 300 workers permanently. Next week I`ll be in Cerro Verde to start up an US$800 million expansion of the mine. In Ilo, Southern Copper will inaugurate the US$500 million expansion of its refinery, meaning during a 20-day period we`ll place in private hands a global investment of US$3 billion to create more jobs and increase production," he said.
Peru to speed up mining development
(Bloomberg)
Updated: 2007-09-28 11:15
http://www.chinamining.org/News/2007-09-28/1190949450d7261.h…
Peru`s government sent Congress a bill that aims to speed up the development of 20 copper and zinc deposits, national newspaper Gestion reported in its online edition.
The projects, which include copper mines such as Xstrata plc`s Las Bambas, Rio Tinto Group`s La Granja and Anglo American plc`s Michiquillay and Quellaveco, could bring in US$7.7 billion in investment during the next seven years, the Lima newspaper said.
The bill also includes Zijin Consortium`s US$1.4 billion Rio Blanco copper project, which was rejected by northern Andean farmers in a local referendum last weekend, Gestion said.
Under the terms of the bill, the government would be committed to investing in infrastructure such as roads near the mines, according to Gestion.
Meanwhile Peruvian President Alan Garcia comments on investment in Peru`s mining and energy industries and the U.S.-Peru free-trade agreement. He made the comments on Tuesday at the inauguration of a $250 million expansion of SABMiller plc`s Motupe brewery in Chiclayo, Peru.
On the brewery Mr Garcia said: "This is a two-year US$250 million investment. This is the market economy that we promote. I`ve inaugurated three gas-fired power plants for a total investment of US$500 million, the world`s most modern mine at an investment of US$250 million and for the first time US$250 million in investment in a dam to produce electricity and water for agriculture.
"Last night, we signed with Brazil`s Votorantim the US$500 million expansion of its Cajamarquilla zinc refinery in Lima, which will create 2,000 construction jobs and employ 300 workers permanently. Next week I`ll be in Cerro Verde to start up an US$800 million expansion of the mine. In Ilo, Southern Copper will inaugurate the US$500 million expansion of its refinery, meaning during a 20-day period we`ll place in private hands a global investment of US$3 billion to create more jobs and increase production," he said.
http://www.intelink.info/fre/actualites/economie/0710052140_la_bad_prete_100_millions_usd_pour_les_mines_en_rd_congo
So, wer kann französisch? Könnte aber interessant sein. Regierung will wohl ne ganze Menge Dollars in div. Projekte investieren. Kwale ist auch genannt unter den 7
So, wer kann französisch? Könnte aber interessant sein. Regierung will wohl ne ganze Menge Dollars in div. Projekte investieren. Kwale ist auch genannt unter den 7
Antwort auf Beitrag Nr.: 31.916.068 von jaffa am 09.10.07 19:24:12zum Glück bin ich der volle PC-Spezialist
Antwort auf Beitrag Nr.: 31.916.068 von jaffa am 09.10.07 19:24:12Werde mir das morgen mal im Geschäft übersetzen lassen. Da sind glaub ein paar Mädels, die ganz gut französisch können
Antwort auf Beitrag Nr.: 31.916.087 von jaffa am 09.10.07 19:25:03autom. Übersetzung - gar nicht mal so übel.
BAD bereitet 100 Millionen USD für die Bergwerke in RD der Kongo
Evelyne casalegno
05/10/2007 9:59 pm
Kinshasa, RD der Kongo (PANIERTE) -
der Verwaltungsrat der afrikanischen Entwicklungsbank (BAD), hat gemäß seinem Schalter des Privatsektors ein Darlehen von 100 Millionen amerikanische Dollar zur Gesellschaft „Tenke Fungurume Mining SARL“ (TFM) für den Betrieb eines Bergwerks von Kupfer und von Kobalt an Katanga in RD der Kongo gebilligt.
Gemäß dem Büro von BAD in Kinshasa umfaßt das Projekt von Tenke Fungurume die Förderung des Vorkommens an Erz von Behandlungsoxid Tenke und seine in einer konventionellen metallurgischen Hydrofabrik angesichts der Extraktion des Kupfers und des Kobalts.
Das Projekt wird 115.000 Tonnen pro Jahr Kathode von Niveaukupfer A-LME und 10.000 Tonnen Kobaltmetall produzieren (raffinierte Mischung des Produktes und des Metalles Hydroxyd).
Er umfaßt Aktivitäten von Bergwerksbetrieb und die Verbesserung der flankierenden Infrastrukturen: Straßen, Sammelschiene in Elektrizität und in Wasser usw.
Er wird ebenfalls 115.000 von Kathode von Nuancenkupfer A, 8.000 Tonnen höheres Gradkobalt durch elektrolytische Extraktion und 2.000 von Tonnen dazwischenliegendes Normenkobalt Hydroxyd produzieren.
Das Projekt umfaßt mehrere Abschnitte insbesondere der Bau von Zufahrtsstraßen für den Betrieb der 3 mineralisierten Körper die Konstruktion einer Aufbereitungsanlage für die Produktion von spezifischen Quantitäten Metall, die Modernisierung der flankierenden Infrastrukturen (Energie, Straßen, Wasser, Verwaltung der Abwässer und Wohnungen), die für den Bergwerksbetrieb und die Behandlungsoperationen und eine Vorrichtung der Verwaltung der Rückstände mit Lagerungsmöglichkeit während der ganzen Lebensdauer des Bergwerks gefordert wurden.
Das Projekt, das 11% des BIP darstellt, müßte ins Land unermeßliche ausländische direkte Investitionen heranziehen. Er wird folglich eine positive Auswirkung haben, was er von den Arbeitsplätzen erzeugen und zum Wachstum des BIP beitragen wird.
Er wird außerdem den lokalen Unternehmen Gelegenheiten anbieten insbesondere in den KMU, die Güter von den Arbeiten und von den Diensten liefern können. Die Infrastrukturen, die im Rahmen des Projekts verbessert werden (Straßen, Bahngleise und Schienen elektrischen Sammel-), werden an der Bestimmung der Bevölkerung während der Operationen und nach der Schließung des Bergwerks bleiben und werden unermeßliche langfristige Vorteile anbieten.
„Tenke Fungurume Mining wird“ ein gemeinschaftlicher Entwicklungsfond schaffen, um der lokalen Bevölkerung zu erlauben, von den Vorteilen zu profitieren, die das Projekt anbietet, in Bezug auf Erziehung, Gesundheit und soziales Wohlergehen.
Dieses Projekt ist das Erste auf dem Bergbausektor, der durch den Schalter des Privatsektors der Bank in RD der Kongo finanziert wurde.
Die Bank hat durch ihren Schalter Privatsektor bereits 7 Projekte industrieller Extraktion in anderen Ländern finanziert, nämlich: Graphtan (Graphit) in Tansania Moma (Titan) in Mosambik Sasol (Gas) in Südafrika Samira (aber) in Niger Kwale (Titan) in Kenia Lumwana (Kupfer) in Zambien und Ambatovy (Nickel) in Madagaskar.
BAD bereitet 100 Millionen USD für die Bergwerke in RD der Kongo
Evelyne casalegno
05/10/2007 9:59 pm
Kinshasa, RD der Kongo (PANIERTE) -
der Verwaltungsrat der afrikanischen Entwicklungsbank (BAD), hat gemäß seinem Schalter des Privatsektors ein Darlehen von 100 Millionen amerikanische Dollar zur Gesellschaft „Tenke Fungurume Mining SARL“ (TFM) für den Betrieb eines Bergwerks von Kupfer und von Kobalt an Katanga in RD der Kongo gebilligt.
Gemäß dem Büro von BAD in Kinshasa umfaßt das Projekt von Tenke Fungurume die Förderung des Vorkommens an Erz von Behandlungsoxid Tenke und seine in einer konventionellen metallurgischen Hydrofabrik angesichts der Extraktion des Kupfers und des Kobalts.
Das Projekt wird 115.000 Tonnen pro Jahr Kathode von Niveaukupfer A-LME und 10.000 Tonnen Kobaltmetall produzieren (raffinierte Mischung des Produktes und des Metalles Hydroxyd).
Er umfaßt Aktivitäten von Bergwerksbetrieb und die Verbesserung der flankierenden Infrastrukturen: Straßen, Sammelschiene in Elektrizität und in Wasser usw.
Er wird ebenfalls 115.000 von Kathode von Nuancenkupfer A, 8.000 Tonnen höheres Gradkobalt durch elektrolytische Extraktion und 2.000 von Tonnen dazwischenliegendes Normenkobalt Hydroxyd produzieren.
Das Projekt umfaßt mehrere Abschnitte insbesondere der Bau von Zufahrtsstraßen für den Betrieb der 3 mineralisierten Körper die Konstruktion einer Aufbereitungsanlage für die Produktion von spezifischen Quantitäten Metall, die Modernisierung der flankierenden Infrastrukturen (Energie, Straßen, Wasser, Verwaltung der Abwässer und Wohnungen), die für den Bergwerksbetrieb und die Behandlungsoperationen und eine Vorrichtung der Verwaltung der Rückstände mit Lagerungsmöglichkeit während der ganzen Lebensdauer des Bergwerks gefordert wurden.
Das Projekt, das 11% des BIP darstellt, müßte ins Land unermeßliche ausländische direkte Investitionen heranziehen. Er wird folglich eine positive Auswirkung haben, was er von den Arbeitsplätzen erzeugen und zum Wachstum des BIP beitragen wird.
Er wird außerdem den lokalen Unternehmen Gelegenheiten anbieten insbesondere in den KMU, die Güter von den Arbeiten und von den Diensten liefern können. Die Infrastrukturen, die im Rahmen des Projekts verbessert werden (Straßen, Bahngleise und Schienen elektrischen Sammel-), werden an der Bestimmung der Bevölkerung während der Operationen und nach der Schließung des Bergwerks bleiben und werden unermeßliche langfristige Vorteile anbieten.
„Tenke Fungurume Mining wird“ ein gemeinschaftlicher Entwicklungsfond schaffen, um der lokalen Bevölkerung zu erlauben, von den Vorteilen zu profitieren, die das Projekt anbietet, in Bezug auf Erziehung, Gesundheit und soziales Wohlergehen.
Dieses Projekt ist das Erste auf dem Bergbausektor, der durch den Schalter des Privatsektors der Bank in RD der Kongo finanziert wurde.
Die Bank hat durch ihren Schalter Privatsektor bereits 7 Projekte industrieller Extraktion in anderen Ländern finanziert, nämlich: Graphtan (Graphit) in Tansania Moma (Titan) in Mosambik Sasol (Gas) in Südafrika Samira (aber) in Niger Kwale (Titan) in Kenia Lumwana (Kupfer) in Zambien und Ambatovy (Nickel) in Madagaskar.
Antwort auf Beitrag Nr.: 31.919.707 von jensdab am 10.10.07 01:28:25
Ja Hallo erstmal.. ich weiss nicht, ob ob Ihr es schon wisst......
http://www.inveslogic.com/sectors/directory/metals-place/876…
Peru's Milpo aiming to start up Pukaqaqa by early 2009
Posted on July 26, 2007
Peru's Minera Milpo is aiming to bring its 51%-owned Pukaqaqa copper-gold-molybdenum project into production by end-2008 or early 2009, the company said in a statement Wednesday....
http://metalsplace.com/news/?a=13694
26 July 2007
Peru's Milpo aiming to start up Pukaqaqa by early 2009
Peru's Minera Milpo is aiming to bring its 51%-owned Pukaqaqa copper-gold-molybdenum project into production by end-2008 or early 2009, the company said in a statement Wednesday.
Milpo recently completed phase 3 exploration at Pukaqaqa and has so far identified some 17Mt of indicated resources and 115Mt inferred after 16,215m of drilling in 65 holes, according to the statement.
The Peruvian is close to hiring a company to carry out a prefeasibility study for the project, in hopes that a 15,000t/d throughput copper concentrate operation will prove viable. Pukaqaqa is slated to cost some US$250mn-300mn.
Canadian Tiomin Resources (TSX: TIO) owns the other 49% of Pukaqaqa.
As for Milpo's other large project, Hilarian, the company has identified 15.1Mt of total resources and has moved into the second phase of exploration contemplating 65,000m of drilling. So far Milpo has covered 19,332m in 62 holes.
Once the ongoing campaign is complete the company will perform a prefeasibility study for a 7,000-8,000t/d zinc and lead concentrate operation expected to cost US$180mn-200mn. – BNamericas
Milpo ist der JV-Partner Tiomins in Peru
http://www.milpo.com.pe/
Ja Hallo erstmal.. ich weiss nicht, ob ob Ihr es schon wisst......
http://www.inveslogic.com/sectors/directory/metals-place/876…
Peru's Milpo aiming to start up Pukaqaqa by early 2009
Posted on July 26, 2007
Peru's Minera Milpo is aiming to bring its 51%-owned Pukaqaqa copper-gold-molybdenum project into production by end-2008 or early 2009, the company said in a statement Wednesday....
http://metalsplace.com/news/?a=13694
26 July 2007
Peru's Milpo aiming to start up Pukaqaqa by early 2009
Peru's Minera Milpo is aiming to bring its 51%-owned Pukaqaqa copper-gold-molybdenum project into production by end-2008 or early 2009, the company said in a statement Wednesday.
Milpo recently completed phase 3 exploration at Pukaqaqa and has so far identified some 17Mt of indicated resources and 115Mt inferred after 16,215m of drilling in 65 holes, according to the statement.
The Peruvian is close to hiring a company to carry out a prefeasibility study for the project, in hopes that a 15,000t/d throughput copper concentrate operation will prove viable. Pukaqaqa is slated to cost some US$250mn-300mn.
Canadian Tiomin Resources (TSX: TIO) owns the other 49% of Pukaqaqa.
As for Milpo's other large project, Hilarian, the company has identified 15.1Mt of total resources and has moved into the second phase of exploration contemplating 65,000m of drilling. So far Milpo has covered 19,332m in 62 holes.
Once the ongoing campaign is complete the company will perform a prefeasibility study for a 7,000-8,000t/d zinc and lead concentrate operation expected to cost US$180mn-200mn. – BNamericas
Milpo ist der JV-Partner Tiomins in Peru
http://www.milpo.com.pe/
Antwort auf Beitrag Nr.: 31.987.261 von XIO am 14.10.07 21:53:29Falscher Typ!
Das ist Atze. Du meintest Rüdiger H. - EGAL.
Hört sich ja gut an. Dann sollte ja auch bald was von TIOMIN hierzu kommen
Das ist Atze. Du meintest Rüdiger H. - EGAL.
Hört sich ja gut an. Dann sollte ja auch bald was von TIOMIN hierzu kommen
Habe bei Milpo gesucht und gefunden:
http://www.milpo.com/p08_02.htm
PROYECTOS HILARIÓN Y PUKAQAQA.
http://www.milpo.com/p08_02.htm
Lima, 24 de Julio de 2007.- Compañía Minera MILPO, presenta a continuación los últimos resultados obtenidos en las Campañas de Exploración de los Proyectos Hilarión y Pukaqaqa. (pdf)
http://www.milpo.com/descarga/notapre/np_24-07-07.pdf
Automatically translated text:
Zitat
2. Proyecto Pukaqaqa: Huancavelica, Perú (Skarn Cu-Au-Mo – 51% Milpo y 49% Tiomin Resources Inc.) Luego de la Fase 1 y 2 del programa de exploraciones, se identificaron 17 millones de toneladas de recursos medidos e indicados y alrededor de 115 millones de toneladas de recursos inferidos. Recientemente, se concluyó la Fase 3 aprobada, habiéndose realizado un total de 65 taladros con 16,215 metros de perforación. Los resultados obtenidos muestran un considerable incremento en la cifra de recursos habiendo alcanzado alrededor de 83 millones de toneladas de recursos medidos e indicados y 74 millones de recursos inferidos, es decir, 157 millones de toneladas de recursos en total, (un incremento de más de 25 millones de toneladas respecto a los resultados de las dos primeras fases, así como la importante reclasificación en la categoría del mineral encontrado). Actualmente, se viene licitando para elegir a la empresa que será la encargada de realizar el Estudio de Pre-Factibilidad de este Proyecto, el mismo que tiene por objetivo establecer la viabilidad económica de una operación que podría ser de 15,000 toneladas de mineral al día, para producir concentrados de cobre, luego de una inversión aproximada que fluctuaría entre US$ 150 y US$ 300 millones, la cual podría empezar hacia finales del 2008 o inicios del 2009. Cabe mencionar que paralelo a estos dos proyectos, la Compañía viene intensamente evaluando otros, tanto en el Perú, como en otros países. Así, se han dado los primeros pasos para ingresar a la exploración activa de prospectos en Colombia, Argentina y Chile.
2. Project Pukaqaqa: Huancavelica, Peru (Skarn Cu-Au-Mo-51% and 49% Milpo Tiomin
Resources Inc.).
After Phase 1 and 2 of the exploration program, we identified 17 million
Tons of measured and indicated resources and around 115 million tonnes of
Inferred resources. Recently completed Phase 3 adopted, having done a
Total of 65 drills with 16.215 meters of drilling.
The results show a considerable increase in the amount of resources
Having reached around 83 million tonnes of measured and indicated resources and
74 million inferred resource, namely, 157 million tonnes of total resources,
(An increase of more than 25 million tons respect to the results of the two
Early stages, as well as the important reclassification in the category of mineral
Found).
Today, it is bidding to choose the company which will then perform
Pre-Factibilidad study of this project, which aims to establish the
Economic viability of an operation that could be 15,000 tons of ore per day,
To produce copper concentrates, after an investment approximate range from
$ 150 and $ 300 million, which could begin towards the end of 2008 or early 2009.
It is worth mentioning that these two parallel projects, the Company has been intensively
Evaluating other, both in Peru, as in other countries. We have taken the first steps
To enter the active exploration prospects in Colombia, Argentina and Chile.
http://www.milpo.com/p08_02.htm
PROYECTOS HILARIÓN Y PUKAQAQA.
http://www.milpo.com/p08_02.htm
Lima, 24 de Julio de 2007.- Compañía Minera MILPO, presenta a continuación los últimos resultados obtenidos en las Campañas de Exploración de los Proyectos Hilarión y Pukaqaqa. (pdf)
http://www.milpo.com/descarga/notapre/np_24-07-07.pdf
Automatically translated text:
Zitat
2. Proyecto Pukaqaqa: Huancavelica, Perú (Skarn Cu-Au-Mo – 51% Milpo y 49% Tiomin Resources Inc.) Luego de la Fase 1 y 2 del programa de exploraciones, se identificaron 17 millones de toneladas de recursos medidos e indicados y alrededor de 115 millones de toneladas de recursos inferidos. Recientemente, se concluyó la Fase 3 aprobada, habiéndose realizado un total de 65 taladros con 16,215 metros de perforación. Los resultados obtenidos muestran un considerable incremento en la cifra de recursos habiendo alcanzado alrededor de 83 millones de toneladas de recursos medidos e indicados y 74 millones de recursos inferidos, es decir, 157 millones de toneladas de recursos en total, (un incremento de más de 25 millones de toneladas respecto a los resultados de las dos primeras fases, así como la importante reclasificación en la categoría del mineral encontrado). Actualmente, se viene licitando para elegir a la empresa que será la encargada de realizar el Estudio de Pre-Factibilidad de este Proyecto, el mismo que tiene por objetivo establecer la viabilidad económica de una operación que podría ser de 15,000 toneladas de mineral al día, para producir concentrados de cobre, luego de una inversión aproximada que fluctuaría entre US$ 150 y US$ 300 millones, la cual podría empezar hacia finales del 2008 o inicios del 2009. Cabe mencionar que paralelo a estos dos proyectos, la Compañía viene intensamente evaluando otros, tanto en el Perú, como en otros países. Así, se han dado los primeros pasos para ingresar a la exploración activa de prospectos en Colombia, Argentina y Chile.
2. Project Pukaqaqa: Huancavelica, Peru (Skarn Cu-Au-Mo-51% and 49% Milpo Tiomin
Resources Inc.).
After Phase 1 and 2 of the exploration program, we identified 17 million
Tons of measured and indicated resources and around 115 million tonnes of
Inferred resources. Recently completed Phase 3 adopted, having done a
Total of 65 drills with 16.215 meters of drilling.
The results show a considerable increase in the amount of resources
Having reached around 83 million tonnes of measured and indicated resources and
74 million inferred resource, namely, 157 million tonnes of total resources,
(An increase of more than 25 million tons respect to the results of the two
Early stages, as well as the important reclassification in the category of mineral
Found).
Today, it is bidding to choose the company which will then perform
Pre-Factibilidad study of this project, which aims to establish the
Economic viability of an operation that could be 15,000 tons of ore per day,
To produce copper concentrates, after an investment approximate range from
$ 150 and $ 300 million, which could begin towards the end of 2008 or early 2009.
It is worth mentioning that these two parallel projects, the Company has been intensively
Evaluating other, both in Peru, as in other countries. We have taken the first steps
To enter the active exploration prospects in Colombia, Argentina and Chile.
Einschätzung von kooler aus dem Bullboard, der sich für TIO ziemlich engagiert und dem Tio Management häufig mails schickt und mit dem ich auch selber ab und zu infos austausche.
"Yes, I find this board quite unique in terms of prediction of share price because there are really no pumpers on this board like some other boards. And we have a lot of patient investors here. Like everyone else, I don't have a crystal ball so I don't know what the share price of TIO will be a year or 2 from now. However, I am HOPING (not predicting) for at least a 10 bagger because I believe we have reach the capitulation point and the downside risk is now very small.
In days like these, I have to remind myself that Jinchuan, a big conglomerate paid $0.15 per share and they probably are smarter than anyone here on this board. So who am I to disagree with them. They are long term investors and eventually, I believe we will all make money. It's a matter of when? GLTA."
"Yes, I find this board quite unique in terms of prediction of share price because there are really no pumpers on this board like some other boards. And we have a lot of patient investors here. Like everyone else, I don't have a crystal ball so I don't know what the share price of TIO will be a year or 2 from now. However, I am HOPING (not predicting) for at least a 10 bagger because I believe we have reach the capitulation point and the downside risk is now very small.
In days like these, I have to remind myself that Jinchuan, a big conglomerate paid $0.15 per share and they probably are smarter than anyone here on this board. So who am I to disagree with them. They are long term investors and eventually, I believe we will all make money. It's a matter of when? GLTA."
Antwort auf Beitrag Nr.: 32.038.358 von jensdab am 17.10.07 01:58:38Finde ich auch, dass es verdächtig ruhig ist im Moment. Irgendwas brodelt
Die Chinesen wussten worauf sie sich einlassen und ohne Grund werden die hier nicht eingestiegen sein. Müssen halt warten
Die Chinesen wussten worauf sie sich einlassen und ohne Grund werden die hier nicht eingestiegen sein. Müssen halt warten
KENYA
Tiomin optimistic about producing from mid-2009
http://www.miningweekly.co.za/article.php?a_id=118381
By: Dennis Ndaba
Published: 12 Oct 07 - 0:00
Toronto-listed Tiomin says it is committed to implementing the much-delayed Kwale heavy mineral sands project in Kenya and is optimistic that production will start in mid-2009.
The Kwale deposit, which is wholly owned by Tiomin, contains 116,9-million tons of proven and probable reserves, and the 11-year operating life of the envisaged mine will bring significant benefits to the coastal region of Kenya, including 350 direct permanent jobs. Over 1 000 companies will supply goods and services to the project, and the total annual expenditure will be about two-billion Kenyan shillings.
Explaining why the project has been delayed, project coordinator and investor relations officer Joyce Misoi says, “The government of Kenya has still not completed various key bureaucratic steps that would be required by international lenders before they lend money to the project.
[But] we are working with the government of Kenya to address these pending issues.”
Last year, Tiomin raised $46-million for the project.
However, the cost of the project went up owing to the delay in its implemention and, because Tiomin could not meet the lenders’ conditions, there was a mutual agreement with the lenders that Tiomin should address the pending issues with the government of Kenya before lending could resume.
“We, therefore, reduced staff in February this year, halted the expensive monthly payments to Ausenco and sought a strategic partner in China’s Jinchuan Group, which is currently conducting further due diligence with regard to Kwale,” says Misoi.
Tiomin optimistic about producing from mid-2009
http://www.miningweekly.co.za/article.php?a_id=118381
By: Dennis Ndaba
Published: 12 Oct 07 - 0:00
Toronto-listed Tiomin says it is committed to implementing the much-delayed Kwale heavy mineral sands project in Kenya and is optimistic that production will start in mid-2009.
The Kwale deposit, which is wholly owned by Tiomin, contains 116,9-million tons of proven and probable reserves, and the 11-year operating life of the envisaged mine will bring significant benefits to the coastal region of Kenya, including 350 direct permanent jobs. Over 1 000 companies will supply goods and services to the project, and the total annual expenditure will be about two-billion Kenyan shillings.
Explaining why the project has been delayed, project coordinator and investor relations officer Joyce Misoi says, “The government of Kenya has still not completed various key bureaucratic steps that would be required by international lenders before they lend money to the project.
[But] we are working with the government of Kenya to address these pending issues.”
Last year, Tiomin raised $46-million for the project.
However, the cost of the project went up owing to the delay in its implemention and, because Tiomin could not meet the lenders’ conditions, there was a mutual agreement with the lenders that Tiomin should address the pending issues with the government of Kenya before lending could resume.
“We, therefore, reduced staff in February this year, halted the expensive monthly payments to Ausenco and sought a strategic partner in China’s Jinchuan Group, which is currently conducting further due diligence with regard to Kwale,” says Misoi.
Antwort auf Beitrag Nr.: 32.057.666 von XIO am 17.10.07 22:00:07Hallo XIO, da bist Du mir zuvorgekommen mit dem Artikel, den wollte ich auch gerade hineinstellen.
Aber Deiner ist viel schöner und vor allem mit Farbe.:O
Ich bin gespannt, wann es mal wieder einen Kurssprung geben wird. Gestern gab es überwiegend Verkäufe was ich eigentlich bei diesem niedrigen Kurs kaum nachvollziehen kann. über 1 Mill. Umsatz.
0,15 C$ sollten bald mal wieder kommen und endlich die Seitwärtsphase beenden.
Aber Deiner ist viel schöner und vor allem mit Farbe.:O
Ich bin gespannt, wann es mal wieder einen Kurssprung geben wird. Gestern gab es überwiegend Verkäufe was ich eigentlich bei diesem niedrigen Kurs kaum nachvollziehen kann. über 1 Mill. Umsatz.
0,15 C$ sollten bald mal wieder kommen und endlich die Seitwärtsphase beenden.
Antwort auf Beitrag Nr.: 32.059.647 von jensdab am 18.10.07 02:54:52Das denk ich nun aber auch mal...
wir haben sozusagen 2 angehende Produktions-Assets im Portfolio.
Wäre bloss mal ganz nett, webnn auf der Tiomin Homepage mehr zu den Peru Aktivitäten ständ. siehe Milpo und deren Zeitvorgabe für Pukaqaqa.
wir haben sozusagen 2 angehende Produktions-Assets im Portfolio.
Wäre bloss mal ganz nett, webnn auf der Tiomin Homepage mehr zu den Peru Aktivitäten ständ. siehe Milpo und deren Zeitvorgabe für Pukaqaqa.
Antwort auf Beitrag Nr.: 32.059.720 von XIO am 18.10.07 05:28:41Da scheint irgend etwas im Gange zu sein, ungewöhnliche Kaufaktivitäten.
war immerhin schon mal bei 0,115.
Mich wundert es nicht, wenn es bald wieder News gibt.
war immerhin schon mal bei 0,115.
Mich wundert es nicht, wenn es bald wieder News gibt.
Antwort auf Beitrag Nr.: 32.073.107 von jensdab am 18.10.07 21:26:17Evtl wird Tiomin ja nun endlich mal was zu dem stand der beiden Main projekte sagen, im Internet haben wir ja nun schon einiges gelesen, nur vom Hauptakteur der Aktion noch nicht vernommen.
ich denke / hoffe, sobald Tiomin nur ansatzweise erwähnt, daß Kwale startet, gehts gnadenlos hoch zu alten Höhen.
ich denke / hoffe, sobald Tiomin nur ansatzweise erwähnt, daß Kwale startet, gehts gnadenlos hoch zu alten Höhen.
Kurs hat sich gut gehalten und einer der wenigen Explorer bei TSX mit Gewinnen.
lt. technischer Analyse ist die Recent CandleStick Analysis:
Very Bullish
Hier kann man sich die Seite mal anschauen, da bekommt man einen Überblick über bearish neutral und bullish.
Bin mir aber nicht sicher, ob jemand anderes diesen link öffnen und lesen kann, da ich dort angemeldet bin.
Lohnt sich, dort mal verschiedene WKN einzugeben und eine Analyse zu bekommen.
http://www.stockta.com/cgi-bin/analysis.pl?symb=TIO.C&action…
lt. technischer Analyse ist die Recent CandleStick Analysis:
Very Bullish
Hier kann man sich die Seite mal anschauen, da bekommt man einen Überblick über bearish neutral und bullish.
Bin mir aber nicht sicher, ob jemand anderes diesen link öffnen und lesen kann, da ich dort angemeldet bin.
Lohnt sich, dort mal verschiedene WKN einzugeben und eine Analyse zu bekommen.
http://www.stockta.com/cgi-bin/analysis.pl?symb=TIO.C&action…
Extend Kivuitu term: Kalonzo
Fri, October 19, 2007
By MATHIAS RINGA
Last updated: 1 hour ago
ODM Kenya presidential candidate Kalonzo Musyoka has urged President Kibaki to extend the term of Electoral Commission of Kenya (ECK) chairman Samuel Kivuitu to preside over the General Election.
He said it would be disastrous if Mr Kivuitu is retired on December 2 as it will show the Government plans to rig elections.
At the same time, Mr Musyoka said there was no point for delaying the dissolution of Parliament if it was not going to enact minimum reforms.
According to Mr Musyoka, among the minimum reforms would be a requirement that a presidential candidate garners 50 per cent plus one to be declared the winner.
Mr Musyoka, who was speaking at Kwale township while on his second day tour of Coast Province, also said the minimum reforms would ensure ECK is independent to ensure free and fair elections.
Mr Musyoka scoffed at claims that his party was making overtures to retired President Moi saying the party secretary-general Mutula Kilonzo was Moi’s personal lawyer.
“I do not see anything wrong with them meeting because they have been working together for many years,” he said.
Mr Musyoka said Mr Moi could not convince him to step down in favour of Kibaki.
“If Kibaki feels he cannot win the elections, he should retire and back me to beat ODM’s Raila Odinga. Likewise, if Raila wants Kibaki to lose in the elections, then he should support me. I will not back anybody for the top seat,” he said.
He said it will be a big shame and letdown if he stepped down for President Kibaki after promising Kenyans that he would eradicate poverty that was afflicting many citizens.
Mr Musyoka said those opposed to majimbo know that the Coast region stood to benefit because it had a lot of resources such as minerals, land and the port.
He claimed those in the Government had been scrambling for the resources at the Coast hence President Kibaki’s opposition to the introduction of majimbo.
He said in 2003, the region delivered Sh57 billion to the exchequer.
“It is a pity that despite the region’s huge revenue generation for the Government, roads in the entire province are in appalling state,” he said.
Mr Musyoka said ODM-K government would ensure that there was a second port in Lamu.
He said the Mombasa port will be turned into a free port and transform the town to a city like Dubai.
Mr Musyoka said if ODM K formed the next government, it will make sure the titanium project is fully implemented because it has dragged for long yet it has the potential to offer about 20,000 jobs.
He said the Kibaki Government had ignored exploration of minerals in the area that could have helped to build the economy.
He was accompanied by running mate Julia Ojiambo, Bahari MP Joe Khamisi and Mutito MP Kiema Kilonzo.
Fri, October 19, 2007
By MATHIAS RINGA
Last updated: 1 hour ago
ODM Kenya presidential candidate Kalonzo Musyoka has urged President Kibaki to extend the term of Electoral Commission of Kenya (ECK) chairman Samuel Kivuitu to preside over the General Election.
He said it would be disastrous if Mr Kivuitu is retired on December 2 as it will show the Government plans to rig elections.
At the same time, Mr Musyoka said there was no point for delaying the dissolution of Parliament if it was not going to enact minimum reforms.
According to Mr Musyoka, among the minimum reforms would be a requirement that a presidential candidate garners 50 per cent plus one to be declared the winner.
Mr Musyoka, who was speaking at Kwale township while on his second day tour of Coast Province, also said the minimum reforms would ensure ECK is independent to ensure free and fair elections.
Mr Musyoka scoffed at claims that his party was making overtures to retired President Moi saying the party secretary-general Mutula Kilonzo was Moi’s personal lawyer.
“I do not see anything wrong with them meeting because they have been working together for many years,” he said.
Mr Musyoka said Mr Moi could not convince him to step down in favour of Kibaki.
“If Kibaki feels he cannot win the elections, he should retire and back me to beat ODM’s Raila Odinga. Likewise, if Raila wants Kibaki to lose in the elections, then he should support me. I will not back anybody for the top seat,” he said.
He said it will be a big shame and letdown if he stepped down for President Kibaki after promising Kenyans that he would eradicate poverty that was afflicting many citizens.
Mr Musyoka said those opposed to majimbo know that the Coast region stood to benefit because it had a lot of resources such as minerals, land and the port.
He claimed those in the Government had been scrambling for the resources at the Coast hence President Kibaki’s opposition to the introduction of majimbo.
He said in 2003, the region delivered Sh57 billion to the exchequer.
“It is a pity that despite the region’s huge revenue generation for the Government, roads in the entire province are in appalling state,” he said.
Mr Musyoka said ODM-K government would ensure that there was a second port in Lamu.
He said the Mombasa port will be turned into a free port and transform the town to a city like Dubai.
Mr Musyoka said if ODM K formed the next government, it will make sure the titanium project is fully implemented because it has dragged for long yet it has the potential to offer about 20,000 jobs.
He said the Kibaki Government had ignored exploration of minerals in the area that could have helped to build the economy.
He was accompanied by running mate Julia Ojiambo, Bahari MP Joe Khamisi and Mutito MP Kiema Kilonzo.
Antwort auf Beitrag Nr.: 32.091.342 von jensdab am 20.10.07 01:06:07habs mal durch den Translator geschickt:
Automatisch übersetzter Text:
Mr Musyoka said if ODM K formed the next government, it will make sure the titanium project is fully implemented because it has dragged for long yet it has the potential to offer about 20,000 jobs. He said the Kibaki Government had ignored exploration of minerals in the area that could have helped to build the economy.
Herr Musyoka sagte, wenn ODM K bildeten die nächste Regierung wird es sicher, dass die Titan Projekt ist vollständig umgesetzt werden, weil es noch für lange schleppte, sie hat das Potenzial zu bieten etwa 20.000 Arbeitsplätze.
Er sagte, die Regierung Kibaki hatte ignoriert Exploration von Mineralien in der Gegend, die dazu beigetragen haben, um die Wirtschaft.
Automatisch übersetzter Text:
Mr Musyoka said if ODM K formed the next government, it will make sure the titanium project is fully implemented because it has dragged for long yet it has the potential to offer about 20,000 jobs. He said the Kibaki Government had ignored exploration of minerals in the area that could have helped to build the economy.
Herr Musyoka sagte, wenn ODM K bildeten die nächste Regierung wird es sicher, dass die Titan Projekt ist vollständig umgesetzt werden, weil es noch für lange schleppte, sie hat das Potenzial zu bieten etwa 20.000 Arbeitsplätze.
Er sagte, die Regierung Kibaki hatte ignoriert Exploration von Mineralien in der Gegend, die dazu beigetragen haben, um die Wirtschaft.
Kenya: Sh91m Boost for Development Authority
http://allafrica.com/stories/200710190091.html
..."Sh3 million will be spent on exploitation and exploration of minerals in Taita-Taveta and Kwale districts," he said....
http://allafrica.com/stories/200710190091.html
..."Sh3 million will be spent on exploitation and exploration of minerals in Taita-Taveta and Kwale districts," he said....
http://broadband.bnn.ca/?vid=12096
Video vom 22.08.
Video vom 22.08.
Habe ich aus dem australischen Hotcopper Forum gefunden durch Zufall.
Heavy Mineral Sands Market Review
The heavy mineral sands (HMS) market is dominated by zircon and the major titanium minerals of (in descending order of TiO2 grade) rutile, leucoxene and ilmenite. Monazite, a mineral with a high thorium content, is also recovered. Australia has high grade mineral sands in Queensland, WA and the newly delineated deposits in the Eucla and Murray Basins, at relative high zircon and titanium contents.
Zircon is the more valuable mineral with a price of around US$900/t, a rise of 28% over the past two years. Global consumption was up 2% in 2006 to 1,220kt, dominated by the demand from Europe and Asia. China’s consumption was up 5% in 2006 and now accounts for 30% of global consumption. Demand for zircon is dominated by ceramics for glazes and high temperature applications. Other uses are in TV screens, refractories and as zirconia in metals and chemicals.
Source: TZ Minerals International
Breakdown of Zircon Producers
Australia (37%) and South Africa (30%) dominate HMS production, supplying more than 67% of global demand. Increasing production from the Murray and Eucla Basins in Australia and from South Africa will offset a decline in US production due to falls in reserves. In 2006 Australian listed company, Iluka Resources Limited (ASX.ILU) produced 392kt zircon, and was the largest producer.
Rutile and ilmenite are the sources of titanium oxide (TiO2) for white pigment production. Consumption of TiO2 was up 3.8% to 4,800kt in 2006.
Rio Tinto’s Iron & Titanium group expect TiO2 pigment demand to sustain growth rate of 3% over the next 10 years.
Dow Jones
IPO/Chinas größter Nickelproduzent will an die Börse
Montag 22. Oktober 2007, 09:28 Uhr
DJ IPO/Chinas größter Nickelproduzent will an die Börse
SCHANGHAI (Dow Jones)--Die Jinchuan Group Ltd, der größte Nickelproduzent Chinas, plant den Börsengang. Der Zeitplan stünde bereits, derzeit suche das in Jinchang ansässige Unternehmen nach Beratern, die den Börsengang begleiten könnten, heißt es in einer Mitteilung, die am Freitag auf der Internetseite des Unternehmens veröffentlicht wurde.
Zu Details über den Zeitplan, an welcher Börse das Listing angestrebt wird sowie über das Volumen, das durch das IPO erlöst werden soll, machte das Unternehmen keine Angaben. Am Montag wollte ein Unternehmenssprecher den Plan nicht kommentieren.
Auf die Jinchuan Group entfiel im vergangenen Jahr mit 101.000 Tonnen 90% der gesamten Nickelproduktion Chinas. Auch bei der Kobalt-Förderung ist das Unternehmen in China führend. 2006 wurden 6.300 Tonnen des Schwermetalls gefördert. Nach Unternehmensangaben lag der Umsatz im vergangenen Jahr bei 35,4 Mrd CNY (umgerechnet rund 4,72 Mrd USD).
Webseite: http://www.jnmc.com
-Von Helen Sun, Dow Jones Newswires, +49 (0)69 29725 102,
unternehmen.de@dowjones.com
DJG/DJN/dct/nas
(END) Dow Jones Newswires
October 22, 2007 04:28 ET (08:28 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
IPO/Chinas größter Nickelproduzent will an die Börse
Montag 22. Oktober 2007, 09:28 Uhr
DJ IPO/Chinas größter Nickelproduzent will an die Börse
SCHANGHAI (Dow Jones)--Die Jinchuan Group Ltd, der größte Nickelproduzent Chinas, plant den Börsengang. Der Zeitplan stünde bereits, derzeit suche das in Jinchang ansässige Unternehmen nach Beratern, die den Börsengang begleiten könnten, heißt es in einer Mitteilung, die am Freitag auf der Internetseite des Unternehmens veröffentlicht wurde.
Zu Details über den Zeitplan, an welcher Börse das Listing angestrebt wird sowie über das Volumen, das durch das IPO erlöst werden soll, machte das Unternehmen keine Angaben. Am Montag wollte ein Unternehmenssprecher den Plan nicht kommentieren.
Auf die Jinchuan Group entfiel im vergangenen Jahr mit 101.000 Tonnen 90% der gesamten Nickelproduktion Chinas. Auch bei der Kobalt-Förderung ist das Unternehmen in China führend. 2006 wurden 6.300 Tonnen des Schwermetalls gefördert. Nach Unternehmensangaben lag der Umsatz im vergangenen Jahr bei 35,4 Mrd CNY (umgerechnet rund 4,72 Mrd USD).
Webseite: http://www.jnmc.com
-Von Helen Sun, Dow Jones Newswires, +49 (0)69 29725 102,
unternehmen.de@dowjones.com
DJG/DJN/dct/nas
(END) Dow Jones Newswires
October 22, 2007 04:28 ET (08:28 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
Tiomin Increases Measured & Indicated Copper & Gold Resources at Pukaqaqa Project, Peru
http://www.stockhouse.ca/news/news.asp?newsid=6174605&tick=T…
http://www.stockhouse.ca/news/news.asp?newsid=6174605&tick=T…
Antwort auf Beitrag Nr.: 32.151.942 von XIO am 25.10.07 18:28:15jetzt noch kwale-vollzug melden und ab geht die post
Endlich tut sich hier mal wieder was wurde ja auch mal Zeit für gute Nachrichten!! Die waren sicher für die meisten eine Überraschung.
14,6 Mill. shares Umsatz und überwiegend Käufer, da haben sich einige Institutionen eingedeckt.
Last Chg %
0.13 +0.02 18.2 %
Re: News Release - Thursday, October 25, 2007
Tiomin Increases Measured & Indicated Copper & Gold Resources at
Pukaqaqa Project, Peru
=======================================================================
Toronto, Canada - October 25, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') (TSX: TIO) is pleased to announce a significant increase
in measured and indicated resources at its 49% owned Pukaqaqa
copper-gold project ('the Project') located in central Peru.
Measured resources increased by 36 million pounds of copper (+1,470%)
and 6,700 ounces of gold (+1,360%) and indicated resources by 975
million pounds (+483%) and 241,500 ounces (+630%) respectively, for a
combined increase of one billion pounds of copper (+508%) and 249,000
ounces of gold (+640%).
The resource increase results from the successful 16,218m Phase 3
drilling program completed by 51% owner/operator Compañia Minera Milpo
S.A. ('Milpo'), a well-respected Peruvian mining company, announced on
May 9, 2007. The Project's new resources are:
===========================================================
Total
-------------------------------------
Resource Cut-off Tonnes Cu Au Mo Ag
Category * Cu (%) (000) (%) (g/t) (ppm) (g/t)
===========================================================
Measured 0.3 2,793 0.62 0.08 78 1.64
0.4 2,190 0.70 0.09 73 1.74
-----------------------------------------------------------
Indicated 0.3 96,355 0.55 0.09 108 1.69
0.4 62,867 0.66 0.10 106 1.78
===========================================================
Measured &
Indicated 0.3 99,147 0.56 0.09 107 1.69
0.4 65,056 0.67 0.10 105 1.78
-----------------------------------------------------------
Inferred 0.3 58,662 0.60 0.11 106 2.30
0.4 39,014 0.73 0.13 101 2.47
===========================================================
* Tiomin's interest is 49%. See additional information:
http://www.tiomin.com/i/pdf/2007-10-25_NRT.pdf" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-10-25_NRT.pdf
At a 0.3% cut-off, measured resources are 38 million pounds of copper
and 7,200 ounces of gold and indicated resources are 1,176 million
pounds and 279,700 ounces respectively. Total measured and indicated
resources are 1.22 billion pounds of copper and 287,000 ounces of gold
and inferred resources are 776 million pounds and 209,000 ounces
respectively. The resource increase represents both the upgrading of
inferred resources and the addition of new resources. Inferred
resources are now 37% of total resources versus 87% previously.
Tiomin and Milpo are currently evaluating the economic potential of the
Project, which benefits from being close to existing infrastructure, in
an environment of potentially sustained higher copper prices. Tiomin
is not aware of any permitting, legal, title, taxation,
socio-political, marketing or other issues which may materially affect
this estimate of mineral resources.
The Project exploration program is being managed by Mr. Jorge
Hinostroza, Exploration Manager for Milpo. Mr. Robbert Borst,
Vice-President, Project Development for Tiomin, a Qualified Person
within the meaning of National Instrument 43-101, has verified and
approved the data disclosed in this release. Met-Chem Canada Inc, a
Montreal-based consulting firm, prepared the National Instrument 43-101
resource evaluation which Tiomin will file on SEDAR. All core samples
were assayed by Actlabs Skyline Peru SAC (subsidiary of Activation
Laboratories Ltd.), which is ISO 9001:2000 certified.
For further information please contact (416) 350 3779 or visit
www.tiomin.com:
Jean-Charles Potvin
Executive Chairman
Ext. 227
Robert Jackson
President & CEO
Ext. 230
Joyce Misoi,
Project Coordinator, Investor Relations
Ext. 233; jmisoi@tiomin.com
Certain of the information contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
View News Release in PDF Format:
http://www.tiomin.com/i/pdf/2007-10-25_NR.pdf" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-10-25_NR.pdf
95 KB in size, approx. 19 seconds to download at 56.6Kbps
=======================================================================
Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Thu Oct 25, 2007 at 6:35:26 AM Pacific Time
==========================
wurde ja auch mal Zeit für gute Nachrichten!! Die waren sicher für die meisten eine Überraschung.14,6 Mill. shares Umsatz und überwiegend Käufer, da haben sich einige Institutionen eingedeckt.
Last Chg %
0.13 +0.02 18.2 %
Re: News Release - Thursday, October 25, 2007
Tiomin Increases Measured & Indicated Copper & Gold Resources at
Pukaqaqa Project, Peru
=======================================================================
Toronto, Canada - October 25, 2007: Tiomin Resources Inc. ('Tiomin' or
the 'Company') (TSX: TIO) is pleased to announce a significant increase
in measured and indicated resources at its 49% owned Pukaqaqa
copper-gold project ('the Project') located in central Peru.
Measured resources increased by 36 million pounds of copper (+1,470%)
and 6,700 ounces of gold (+1,360%) and indicated resources by 975
million pounds (+483%) and 241,500 ounces (+630%) respectively, for a
combined increase of one billion pounds of copper (+508%) and 249,000
ounces of gold (+640%).
The resource increase results from the successful 16,218m Phase 3
drilling program completed by 51% owner/operator Compañia Minera Milpo
S.A. ('Milpo'), a well-respected Peruvian mining company, announced on
May 9, 2007. The Project's new resources are:
===========================================================
Total
-------------------------------------
Resource Cut-off Tonnes Cu Au Mo Ag
Category * Cu (%) (000) (%) (g/t) (ppm) (g/t)
===========================================================
Measured 0.3 2,793 0.62 0.08 78 1.64
0.4 2,190 0.70 0.09 73 1.74
-----------------------------------------------------------
Indicated 0.3 96,355 0.55 0.09 108 1.69
0.4 62,867 0.66 0.10 106 1.78
===========================================================
Measured &
Indicated 0.3 99,147 0.56 0.09 107 1.69
0.4 65,056 0.67 0.10 105 1.78
-----------------------------------------------------------
Inferred 0.3 58,662 0.60 0.11 106 2.30
0.4 39,014 0.73 0.13 101 2.47
===========================================================
* Tiomin's interest is 49%. See additional information:
http://www.tiomin.com/i/pdf/2007-10-25_NRT.pdf" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-10-25_NRT.pdf
At a 0.3% cut-off, measured resources are 38 million pounds of copper
and 7,200 ounces of gold and indicated resources are 1,176 million
pounds and 279,700 ounces respectively. Total measured and indicated
resources are 1.22 billion pounds of copper and 287,000 ounces of gold
and inferred resources are 776 million pounds and 209,000 ounces
respectively. The resource increase represents both the upgrading of
inferred resources and the addition of new resources. Inferred
resources are now 37% of total resources versus 87% previously.
Tiomin and Milpo are currently evaluating the economic potential of the
Project, which benefits from being close to existing infrastructure, in
an environment of potentially sustained higher copper prices. Tiomin
is not aware of any permitting, legal, title, taxation,
socio-political, marketing or other issues which may materially affect
this estimate of mineral resources.
The Project exploration program is being managed by Mr. Jorge
Hinostroza, Exploration Manager for Milpo. Mr. Robbert Borst,
Vice-President, Project Development for Tiomin, a Qualified Person
within the meaning of National Instrument 43-101, has verified and
approved the data disclosed in this release. Met-Chem Canada Inc, a
Montreal-based consulting firm, prepared the National Instrument 43-101
resource evaluation which Tiomin will file on SEDAR. All core samples
were assayed by Actlabs Skyline Peru SAC (subsidiary of Activation
Laboratories Ltd.), which is ISO 9001:2000 certified.
For further information please contact (416) 350 3779 or visit
www.tiomin.com:
Jean-Charles Potvin
Executive Chairman
Ext. 227
Robert Jackson
President & CEO
Ext. 230
Joyce Misoi,
Project Coordinator, Investor Relations
Ext. 233; jmisoi@tiomin.com
Certain of the information contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
View News Release in PDF Format:
http://www.tiomin.com/i/pdf/2007-10-25_NR.pdf" target="_blank" rel="nofollow ugc noopener">http://www.tiomin.com/i/pdf/2007-10-25_NR.pdf
95 KB in size, approx. 19 seconds to download at 56.6Kbps
=======================================================================
Copyright (c) 2007 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Message sent on Thu Oct 25, 2007 at 6:35:26 AM Pacific Time
==========================
UPDATE 1-Tiomin stock soars on Peru resource outlook
Thu Oct 25, 2007 1:55pm EDT
TORONTO, Oct 25 (Reuters) -
Shares of Tiomin Resources Inc (TIO.TO: Quote, Profile, Research) jumped more than 20 percent on Thursday after the company announced a major increase in measured and indicated resources at its Pukaqaqa copper and gold project in Peru.
The junior miner, which owns 49 percent of the project, said its measured copper resource increased by 36 million pounds, or 1,470 percent, while measured gold increased by 6,700 ounces, or 1,360 percent.
Indicated copper rose by 975 million pounds, or 483 percent, and indicated gold was up 241,500 ounces, or 630 percent.
The news sent Tiomin stock up 22.7 percent, or 2.5 Canadian cents, to 13.5 Canadian cents by early Thursday afternoon. Tiomin was the fifth largest percentage gainer on the Toronto Stock Exchange.
The results came after completion of a 16,218-metre (53,210-foot) Phase 3 drilling program by operator Compania Minera Milpo (MIL.LM: Quote, Profile, Research). The Peruvian mining company owns the other 51 percent of the project.
Tiomin said the increase represents both the upgrading of inferred resources and the addition of new resources. With the new results, inferred resources now make up 37 percent of total resources, down from 87 percent.
At a cutoff of 0.3 percent, this brings total measured resources up to 38 million pounds of copper and 7,200 ounces of gold, and indicated resources to 1,176 million pounds of copper and 279,700 ounces of gold.
The Pukaqaqa project is located 230 km (145 miles) southeast of Lima.
Earlier this year, Toronto-based Tiomin halted development of its Kwale mineral sands project in Kenya, which remains under force majeure. The project has been plagued by delays including a land dispute with farmers and drawn out negotiations with the Kenyan government.
In February, Tiomin said that delays and rising costs had caused the project's lenders to withdraw the $155 million debt facility in place for the project.
Force majeure allows companies to suspend contractual obligations due to circumstances beyond their control.
http://www.reuters.com/article/marketsNews/idLTAN25380990200…
Thu Oct 25, 2007 1:55pm EDT
TORONTO, Oct 25 (Reuters) -
Shares of Tiomin Resources Inc (TIO.TO: Quote, Profile, Research) jumped more than 20 percent on Thursday after the company announced a major increase in measured and indicated resources at its Pukaqaqa copper and gold project in Peru.
The junior miner, which owns 49 percent of the project, said its measured copper resource increased by 36 million pounds, or 1,470 percent, while measured gold increased by 6,700 ounces, or 1,360 percent.
Indicated copper rose by 975 million pounds, or 483 percent, and indicated gold was up 241,500 ounces, or 630 percent.
The news sent Tiomin stock up 22.7 percent, or 2.5 Canadian cents, to 13.5 Canadian cents by early Thursday afternoon. Tiomin was the fifth largest percentage gainer on the Toronto Stock Exchange.
The results came after completion of a 16,218-metre (53,210-foot) Phase 3 drilling program by operator Compania Minera Milpo (MIL.LM: Quote, Profile, Research). The Peruvian mining company owns the other 51 percent of the project.
Tiomin said the increase represents both the upgrading of inferred resources and the addition of new resources. With the new results, inferred resources now make up 37 percent of total resources, down from 87 percent.
At a cutoff of 0.3 percent, this brings total measured resources up to 38 million pounds of copper and 7,200 ounces of gold, and indicated resources to 1,176 million pounds of copper and 279,700 ounces of gold.
The Pukaqaqa project is located 230 km (145 miles) southeast of Lima.
Earlier this year, Toronto-based Tiomin halted development of its Kwale mineral sands project in Kenya, which remains under force majeure. The project has been plagued by delays including a land dispute with farmers and drawn out negotiations with the Kenyan government.
In February, Tiomin said that delays and rising costs had caused the project's lenders to withdraw the $155 million debt facility in place for the project.
Force majeure allows companies to suspend contractual obligations due to circumstances beyond their control.
http://www.reuters.com/article/marketsNews/idLTAN25380990200…
Bin mir nicht sicher, ob ich mich hier schon mal hab
blicken lassen -wenn nicht dann jetzt.
Auf jeden Fall sehr interessant.
Popeye
blicken lassen -wenn nicht dann jetzt.
Auf jeden Fall sehr interessant.
Popeye
@ XIO und Jaffa
Habe neuen thread eröffnet Thread-Nr: 1134315
Australischer Bauxite Explorer, der gerade an der ASX: BAU
gelistet wurde. Da hat man die Möglichkeit, von Anfang an dabei zu sein. Liegt auch auf ähnlichem Preisniveau von TIO und ich vermute einen längeren Aufwärtstrend.
http://www.wallstreet-online.de/community/thread/1134315-1.h…
Habe neuen thread eröffnet Thread-Nr: 1134315
Australischer Bauxite Explorer, der gerade an der ASX: BAU
gelistet wurde. Da hat man die Möglichkeit, von Anfang an dabei zu sein. Liegt auch auf ähnlichem Preisniveau von TIO und ich vermute einen längeren Aufwärtstrend.
http://www.wallstreet-online.de/community/thread/1134315-1.h…
Antwort auf Beitrag Nr.: 32.182.519 von jensdab am 28.10.07 23:45:23PS, auch mal wegen Titandioxid QU.V ankucken
http://www.quintomining.com/s/LacBrule.asp
http://www.quintomining.com/s/LacBrule.asp
Schaut mal da hinein, interessante Beiträge über Solar- und Rohstoffwerte. Informativer und sachliche Beiträge über seine Favouriten.
Thread-Nr: 1134782
Thread-Nr: 1134782
positive Hinweise verdichten sich:
http://www.nationmedia.com/eastafrican/current/Business/biz0…
...He said Canada’s Tiomin Mining Company operating in Kwale was expected to overcome the few remaining hurdles and start operations soon.
Raw titanium to be mined in Kwale will be exported through the port of Mombasa, to Canada. Mr McEwen said the port of Mombasa was also the gateway for Canadian mining firms in the northern parts of Tanzania. ....
http://www.nationmedia.com/eastafrican/current/Business/biz0…
...He said Canada’s Tiomin Mining Company operating in Kwale was expected to overcome the few remaining hurdles and start operations soon.
Raw titanium to be mined in Kwale will be exported through the port of Mombasa, to Canada. Mr McEwen said the port of Mombasa was also the gateway for Canadian mining firms in the northern parts of Tanzania. ....
Antwort auf Beitrag Nr.: 32.285.234 von XIO am 04.11.07 23:14:20Verstehe ich das richtig, dass McEwen investiert ist??
Antwort auf Beitrag Nr.: 32.303.837 von jaffa am 06.11.07 09:47:45
Antwort auf Beitrag Nr.: 32.310.618 von XIO am 06.11.07 16:39:05Sorry, dachte das in einem US-Board gelesen zu haben!?!?!
Project Pukaqaqa: Huancavelica, Peru (Skarn Cu-Au-Mo-51% Milpo and 49% Tiomin Resources Inc.).
After Phase 1 and 2 of the exploration program, we identified 17 million tonnes of measured and indicated resources and around 115 million tonnes of inferred resources. Recently completed Phase 3 approved, having made a total of 65 drills with 16215 meters of drilling.
The results show a considerable increase in the amount of resources has reached about 83 million tonnes of measured and indicated resources and 74 million inferred resources, ie 157 million tonnes of resources in total, (an increase of more than 25 million tons from the results of the first two phases as well as the significant upgrading in the category of the mineral found).
Today, it is bidding to select the company that will be responsible for conducting the study Pre-Factibilidad of this project, which aims to establish the economic viability of an operation that could be 15000 tons of ore a day, to produce copper concentrates, after an investment approximate range from $ 150 to $ 300 million, which could begin towards the end of 2008 or early 2009.
It is worth mentioning that these two parallel projects, the Company is evaluating other intensely, both in Peru, as in other countries. We have taken the first steps to enter the active exploration prospects in Colombia, Argentina and Chile.
Autom.Übersetzung Spanisch-Englisch Englisch-Deutsch
mal sehen - was da rauskommt:
Projekt Pukaqaqa: Huancavelica, Peru (Skarn Cu - Au - Mo - 51% Milpo und 49% Tiomin Resources Inc.).
Nach der Phase 1 und 2 der Erforschung, haben wir 17 Millionen Tonnen gemessen und Mitteln und rund 115 Millionen Tonnen ableiten. Vor kurzem abgeschlossene Phase 3 genehmigt werden, nachdem er insgesamt 65 Bohrungen mit 16215 Meter Bohren.
Die Ergebnisse zeigen eine erhebliche Zunahme in der Höhe der Mittel erreicht hat, über 83 Millionen Tonnen gemessen und die Ressourcen und 74 Millionen ableiten, Ressourcen, dh 157 Millionen Tonnen von Ressourcen in der Gesamtmenge, (eine Steigerung von mehr als 25 Millionen Tonnen von den Ergebnissen Die ersten beiden Phasen sowie die deutliche Aufwertung in der Kategorie des Minerals gefunden).
Heute ist es Bieterverfahren um das Unternehmen, dass die Verantwortung für die Durchführung der Studie vor Factibilidad von diesem Projekt, mit dem Ziel, die wirtschaftliche Tragfähigkeit einer Operation werden könnten 15000 Tonnen Erz pro Tag, zu produzieren Kupfer konzentriert, nachdem Eine Investition von etwa $ 150 zu $ 300 Millionen, was beginnen Ende 2008 oder Anfang 2009.
Es ist erwähnenswert, dass diese beiden parallelen Projekten, die Unternehmen ist die Bewertung anderen intensiv, sowohl in Peru, als in anderen Ländern. Wir haben die ersten Schritte in die aktive Exploration Aussichten in Kolumbien, Argentinien und Chile.
Babel fish Übersetzung:
Pukaqaqa Project: Huancavelica, Peru (Skarn Cu-Au-Mo - 51% Milpo and 49% Tiomin Inc. Resources.) After Phase 1 and 2 of the program of explorations, 17 million tons of measured and indicated resources were identified and around 115 million tons of inferred resources. Recently, approved Phase 3 concluded, having itself made a total of 65 drills with 16.215 meters of perforation. The obtained results show a considerable increase in the number of resources having reached around 83 million tons of resources measured and indicated and 74 million inferred resources, that is to say, 157 million tons of resources altogether, (an increase of more than 25 million tons with respect to the results of two first stage, as well as the important reclassification in the category of the found mineral). At the moment, one comes bidding to choose to the company that will be the one in charge to make the Study of Pre-Factibilidad of this Project, the same one that it has by objective to establish the economic viability of an operation that could be of 15.000 tons of mineral to the day, to produce concentrated of copper, after a approximate investment that would fluctuate between USS 150 and USS 300 million, which could begin towards end of the 2008 or beginnings of the 2009. It is possible to mention that parallel to these two projects, the Company comes intensely evaluating others, as much in Peru, as in other countries. Thus, the first steps have occurred to enter to the active exploration of prospectos in Colombia, Argentina and Chile.
After Phase 1 and 2 of the exploration program, we identified 17 million tonnes of measured and indicated resources and around 115 million tonnes of inferred resources. Recently completed Phase 3 approved, having made a total of 65 drills with 16215 meters of drilling.
The results show a considerable increase in the amount of resources has reached about 83 million tonnes of measured and indicated resources and 74 million inferred resources, ie 157 million tonnes of resources in total, (an increase of more than 25 million tons from the results of the first two phases as well as the significant upgrading in the category of the mineral found).
Today, it is bidding to select the company that will be responsible for conducting the study Pre-Factibilidad of this project, which aims to establish the economic viability of an operation that could be 15000 tons of ore a day, to produce copper concentrates, after an investment approximate range from $ 150 to $ 300 million, which could begin towards the end of 2008 or early 2009.
It is worth mentioning that these two parallel projects, the Company is evaluating other intensely, both in Peru, as in other countries. We have taken the first steps to enter the active exploration prospects in Colombia, Argentina and Chile.
Autom.Übersetzung Spanisch-Englisch Englisch-Deutsch
mal sehen - was da rauskommt:
Projekt Pukaqaqa: Huancavelica, Peru (Skarn Cu - Au - Mo - 51% Milpo und 49% Tiomin Resources Inc.).
Nach der Phase 1 und 2 der Erforschung, haben wir 17 Millionen Tonnen gemessen und Mitteln und rund 115 Millionen Tonnen ableiten. Vor kurzem abgeschlossene Phase 3 genehmigt werden, nachdem er insgesamt 65 Bohrungen mit 16215 Meter Bohren.
Die Ergebnisse zeigen eine erhebliche Zunahme in der Höhe der Mittel erreicht hat, über 83 Millionen Tonnen gemessen und die Ressourcen und 74 Millionen ableiten, Ressourcen, dh 157 Millionen Tonnen von Ressourcen in der Gesamtmenge, (eine Steigerung von mehr als 25 Millionen Tonnen von den Ergebnissen Die ersten beiden Phasen sowie die deutliche Aufwertung in der Kategorie des Minerals gefunden).
Heute ist es Bieterverfahren um das Unternehmen, dass die Verantwortung für die Durchführung der Studie vor Factibilidad von diesem Projekt, mit dem Ziel, die wirtschaftliche Tragfähigkeit einer Operation werden könnten 15000 Tonnen Erz pro Tag, zu produzieren Kupfer konzentriert, nachdem Eine Investition von etwa $ 150 zu $ 300 Millionen, was beginnen Ende 2008 oder Anfang 2009.
Es ist erwähnenswert, dass diese beiden parallelen Projekten, die Unternehmen ist die Bewertung anderen intensiv, sowohl in Peru, als in anderen Ländern. Wir haben die ersten Schritte in die aktive Exploration Aussichten in Kolumbien, Argentinien und Chile.
Babel fish Übersetzung:
Pukaqaqa Project: Huancavelica, Peru (Skarn Cu-Au-Mo - 51% Milpo and 49% Tiomin Inc. Resources.) After Phase 1 and 2 of the program of explorations, 17 million tons of measured and indicated resources were identified and around 115 million tons of inferred resources. Recently, approved Phase 3 concluded, having itself made a total of 65 drills with 16.215 meters of perforation. The obtained results show a considerable increase in the number of resources having reached around 83 million tons of resources measured and indicated and 74 million inferred resources, that is to say, 157 million tons of resources altogether, (an increase of more than 25 million tons with respect to the results of two first stage, as well as the important reclassification in the category of the found mineral). At the moment, one comes bidding to choose to the company that will be the one in charge to make the Study of Pre-Factibilidad of this Project, the same one that it has by objective to establish the economic viability of an operation that could be of 15.000 tons of mineral to the day, to produce concentrated of copper, after a approximate investment that would fluctuate between USS 150 and USS 300 million, which could begin towards end of the 2008 or beginnings of the 2009. It is possible to mention that parallel to these two projects, the Company comes intensely evaluating others, as much in Peru, as in other countries. Thus, the first steps have occurred to enter to the active exploration of prospectos in Colombia, Argentina and Chile.
Antwort auf Beitrag Nr.: 32.372.824 von jensdab am 09.11.07 23:58:16
Milpo plans to invest up to $ 500 million in two mining projects in Peru
Pukaqaqa in Peru
Minera Milpo, the fourth producer of zinc and lead in Peru, plans to invest up to 500 million dollars in mining projects in Pukaqaqa in Huancavelica and Hilarion in Ancash, said today its general manager, Abraham Chahuan.Pukaqaqa is a project of copper and gold, while Hilarion is a project polimetálico, primarily zinc, lead, silver and gold, explained after the inauguration of the mine Cerro Lindo, located in the province of Chincha (Ica), where Milpo has invested 110 million dollars. " idea Pukaqaqa is to install a plant rather larger than the Cerro Lindo, with an output of 15000 tonnes per day, and certainly the investment could be close to about 250 million or 300 million dollars, "manifestó.Además The company provides investing between 180 million to 200 million dollars in the project to build a Hilarion plant between 7000 and 10000 tonnes per day. "is a major production that comes to the market and with the development of Hilarion, the future may be increased .. .
Milpo plans to invest up to $ 500 million in two mining projects in Peru
Pukaqaqa in Peru
Minera Milpo, the fourth producer of zinc and lead in Peru, plans to invest up to 500 million dollars in mining projects in Pukaqaqa in Huancavelica and Hilarion in Ancash, said today its general manager, Abraham Chahuan.Pukaqaqa is a project of copper and gold, while Hilarion is a project polimetálico, primarily zinc, lead, silver and gold, explained after the inauguration of the mine Cerro Lindo, located in the province of Chincha (Ica), where Milpo has invested 110 million dollars. " idea Pukaqaqa is to install a plant rather larger than the Cerro Lindo, with an output of 15000 tonnes per day, and certainly the investment could be close to about 250 million or 300 million dollars, "manifestó.Además The company provides investing between 180 million to 200 million dollars in the project to build a Hilarion plant between 7000 and 10000 tonnes per day. "is a major production that comes to the market and with the development of Hilarion, the future may be increased .. .
Bekam eine e-mail von Kooler aus dem Bullboard:
As for TIO, we have to be patient but I still like it very much because of the On Balance Volume.
Even though the price has come down, the OBV is going up.
What this means is that volume is less when the price drops and volume is more when the price goes up.
So there are more people buying when the price goes up. TA suggests that the share price would eventually catch up (in theory).
Konnte den chart leider nicht abbilden, lässt sich aber direkt über stockcharts.com machen mit Einstellung : "On Balance Volume"
http://stockcharts.com/h-sc/ui
http://stockcharts.com/c-sc/sc?s=TIO.TO&p=D&yr=1&mn=0&dy=0&i…
Ansonsten ist weiterhin Geduld und Warten angesagt und das allgemeine Marktgeschehen trägt weiterhin zu Unsicherheit bei.
Schaut Euch mal NER.V Newmac Resources A0HFWM an, da gab es einen schönen Sprung um 27 % am Freitag, da bin ich jetzt mit 90 % im Plus und das ist noch nicht das Ende. Nach einjährigem Dahindümpeln ist endlich der Durchbruch gelungen und es soll noch bis 2 C$ rauf gehen.
Irgendwann wird das mit Tiomin ähnlich passieren - dann wird die Geduld und das Warten belohnt!!
As for TIO, we have to be patient but I still like it very much because of the On Balance Volume.
Even though the price has come down, the OBV is going up.
What this means is that volume is less when the price drops and volume is more when the price goes up.
So there are more people buying when the price goes up. TA suggests that the share price would eventually catch up (in theory).
Konnte den chart leider nicht abbilden, lässt sich aber direkt über stockcharts.com machen mit Einstellung : "On Balance Volume"
http://stockcharts.com/h-sc/ui
http://stockcharts.com/c-sc/sc?s=TIO.TO&p=D&yr=1&mn=0&dy=0&i…
Ansonsten ist weiterhin Geduld und Warten angesagt und das allgemeine Marktgeschehen trägt weiterhin zu Unsicherheit bei.
Schaut Euch mal NER.V Newmac Resources A0HFWM an, da gab es einen schönen Sprung um 27 % am Freitag, da bin ich jetzt mit 90 % im Plus und das ist noch nicht das Ende. Nach einjährigem Dahindümpeln ist endlich der Durchbruch gelungen und es soll noch bis 2 C$ rauf gehen.
Irgendwann wird das mit Tiomin ähnlich passieren - dann wird die Geduld und das Warten belohnt!!
Kopie einer Mail aus dem SH Board:
Das sind fast wieder Preise wie im Februar, als ich die ersten Tiomin Aktien gekauft habe.
Alles unter 0,10 C$ sind ein Schnäppchen. Falls cash vorhanden, würde ich sofort noch mal nachkaufen.
Am Freitag hat jemand in Frankfurt 20000 Stck gekauft, seit langem mal wieder ein Umsatz in D.!!
Glückwunsch an den Käufer - alles richtig gemacht!
Wenn hier die entsprechenden news kommen, dann wird man diesen Kursen nachtrauern.
Alles unter 0,10 C$ sind ein Schnäppchen. Falls cash vorhanden, würde ich sofort noch mal nachkaufen.
Am Freitag hat jemand in Frankfurt 20000 Stck gekauft, seit langem mal wieder ein Umsatz in D.!!
Glückwunsch an den Käufer - alles richtig gemacht!
Wenn hier die entsprechenden news kommen, dann wird man diesen Kursen nachtrauern.
Port to have new jetty for titanium
Story by NATION Reporter
Publication Date: 12/7/2007
The Kenya Ports Authority will license Tiomin Kenya Ltd to put up a jetty to handle titanium exports at the port of Mombasa, a senior port official has said.
The KPA technical services manager, Mr Joseph Atonga, said Tiomin Kenya had purchased land at Mtongwe on Mombasa Mainland South near the port where they planned to build a jetty to handle titanium exports.
“The site where they plan to build a jetty cannot interfere with port operations,” he said.
He was speaking when he received a delegation from Tiomin Inc., led by project manager, Mr Nic Lionnet
Story by NATION Reporter
Publication Date: 12/7/2007
The Kenya Ports Authority will license Tiomin Kenya Ltd to put up a jetty to handle titanium exports at the port of Mombasa, a senior port official has said.
The KPA technical services manager, Mr Joseph Atonga, said Tiomin Kenya had purchased land at Mtongwe on Mombasa Mainland South near the port where they planned to build a jetty to handle titanium exports.
“The site where they plan to build a jetty cannot interfere with port operations,” he said.
He was speaking when he received a delegation from Tiomin Inc., led by project manager, Mr Nic Lionnet
MINERAL SANDS
Kwale mineral sands project suffering delays in troubled Kenya, budget cut
By: Dennis Ndaba
Published: 18 Jan 08 - 0:00
Delays have prompted Toronto-listed miner Tiomin Resources has cut its Kwale minerals-sands project construction budget in troubled Kenya to $200 000 a month - and will reduce it further if need be.
Tiomin project coordinator and investor relations officer Joyce Misoi tells Mining Weekly that a delegation from the Jinchuan Group, which now holds 20% of Tiomin, visited Kenya late last year to conduct a cost-lowering project evaluation.
By acquiring 72 521 134 shares at C$0,15 a share, Jinchuan has invested C$10,9 million in Tiomin, strengthening Tiomin's cash position to C$28-million.
However, the project's future remains contingent on the government of Kenya completing outstanding issues and on international financing.
"We want to resolve the issues in Kenya permanently, which may include developing the Kwale project ourselves," says Misoi, adding that Tiomin will, in future, focus on countries with mining experience.
Kwale is said to be capable of yielding 330 000 t/y of ilmenite, 75 000 t/y of rutile and 40 000 t/y of zircon for the first six years of an 11-years mine life.
Besides Kwale, Tiomin has 49% of the Pukaqaqa copper project in Peru, where its 51% partner Milpo has drilled 39,533 m involving 186 holes.
"Peru is a mining-friendly country and the challenges there are of a more normal technical nature," says Misoi.
Edited by: Martin Creamer
http://www.miningweekly.co.za/article.php?a_id=124121
aus dem bullboard:
"We want to resolve the issues in Kenya permanently, which may include developing the Kwale project ourselves," says Misoi, adding that Tiomin will, in future, focus on countries with mining experience.
The above from Ms Joyce Misoi, Tiomin's Project Co-ordinator/I.R. is an acknowledgement by the company that the road has not been easy for them. My decision to invest came about when Jinchuan stepped up to the plate, bought into the company though I had some misgivings about Kenya. Many of them were supported earlier by some of what I read going back to fhe early days of Tiomin in Kwale. But with Jinchuan on board, how could Kwale not proceed? which BTW, I still think it WILL when the dust has settled...
One of my early misgivings was based on the fact that Kenya had no mining in the country whatsoever, and that Tiomin was the first ever company to attempt to do so. I touched on that fact in an earlier post when I mentioned it because of their tourism industry linked to the "Wild Life Safari". Because of it, they never really embraced MINING like many other African countries did. For me and others here, Jinchuan was going to make Kwale happened, and it was only a matter of time...
No one could have foreseen the Election "debacle" we are now witnessing and despite the apparent regret of Ms Misoi of being there, WE ARE THERE!... However, from the link provided, it is hopeful to read Ms Misoi's statement: "We want to resolve the issues permanently which may include developing the Kwale project themselves"; I am not sure how to interpret those words and wonders if it includes JINCHUAN as an integral partner within TIOMIN. I think others here need to examine the statement since I may be guilty of reading something into it...
Kwale mineral sands project suffering delays in troubled Kenya, budget cut
By: Dennis Ndaba
Published: 18 Jan 08 - 0:00
Delays have prompted Toronto-listed miner Tiomin Resources has cut its Kwale minerals-sands project construction budget in troubled Kenya to $200 000 a month - and will reduce it further if need be.
Tiomin project coordinator and investor relations officer Joyce Misoi tells Mining Weekly that a delegation from the Jinchuan Group, which now holds 20% of Tiomin, visited Kenya late last year to conduct a cost-lowering project evaluation.
By acquiring 72 521 134 shares at C$0,15 a share, Jinchuan has invested C$10,9 million in Tiomin, strengthening Tiomin's cash position to C$28-million.
However, the project's future remains contingent on the government of Kenya completing outstanding issues and on international financing.
"We want to resolve the issues in Kenya permanently, which may include developing the Kwale project ourselves," says Misoi, adding that Tiomin will, in future, focus on countries with mining experience.
Kwale is said to be capable of yielding 330 000 t/y of ilmenite, 75 000 t/y of rutile and 40 000 t/y of zircon for the first six years of an 11-years mine life.
Besides Kwale, Tiomin has 49% of the Pukaqaqa copper project in Peru, where its 51% partner Milpo has drilled 39,533 m involving 186 holes.
"Peru is a mining-friendly country and the challenges there are of a more normal technical nature," says Misoi.
Edited by: Martin Creamer
http://www.miningweekly.co.za/article.php?a_id=124121
aus dem bullboard:
"We want to resolve the issues in Kenya permanently, which may include developing the Kwale project ourselves," says Misoi, adding that Tiomin will, in future, focus on countries with mining experience.
The above from Ms Joyce Misoi, Tiomin's Project Co-ordinator/I.R. is an acknowledgement by the company that the road has not been easy for them. My decision to invest came about when Jinchuan stepped up to the plate, bought into the company though I had some misgivings about Kenya. Many of them were supported earlier by some of what I read going back to fhe early days of Tiomin in Kwale. But with Jinchuan on board, how could Kwale not proceed? which BTW, I still think it WILL when the dust has settled...
One of my early misgivings was based on the fact that Kenya had no mining in the country whatsoever, and that Tiomin was the first ever company to attempt to do so. I touched on that fact in an earlier post when I mentioned it because of their tourism industry linked to the "Wild Life Safari". Because of it, they never really embraced MINING like many other African countries did. For me and others here, Jinchuan was going to make Kwale happened, and it was only a matter of time...
No one could have foreseen the Election "debacle" we are now witnessing and despite the apparent regret of Ms Misoi of being there, WE ARE THERE!... However, from the link provided, it is hopeful to read Ms Misoi's statement: "We want to resolve the issues permanently which may include developing the Kwale project themselves"; I am not sure how to interpret those words and wonders if it includes JINCHUAN as an integral partner within TIOMIN. I think others here need to examine the statement since I may be guilty of reading something into it...
Antwort auf Beitrag Nr.: 33.109.594 von jensdab am 20.01.08 19:19:19was denkst du so?
Ich hoffe, daß sich der Cash Anteil bei Tiomin ja langsam auf die geesamte Market Cap verteilt und Pukaqaqa quasi mit 0 bewertet ist, und dass, obwohl 2009 die Produktion anvisiert wird (von Seiten MILPO)
Also mal ehrlich, viel schlimmer kanns eigentlich nicht werden, egal ob Kenia brennt oder nicht.
Ich hoffe, daß sich der Cash Anteil bei Tiomin ja langsam auf die geesamte Market Cap verteilt und Pukaqaqa quasi mit 0 bewertet ist, und dass, obwohl 2009 die Produktion anvisiert wird (von Seiten MILPO)
Also mal ehrlich, viel schlimmer kanns eigentlich nicht werden, egal ob Kenia brennt oder nicht.
Antwort auf Beitrag Nr.: 33.110.134 von XIO am 20.01.08 20:54:51Das sehe ich ähnlich, der Boden scheint nun erreicht zu sein.
Die politischen Unruhen in Kenia sind nicht flächendeckend und die Verzögerungen mit den Behörden, damit hat Tiomin nun schon genug Erfahrung gesammelt und wird das auch noch durchstehen.
Vielleicht sind diese Ereignisse trotz des menschlichen Leids und Elends eine Art reinigendes Gewitter, dass eine neue Regierung nun disziplinierter und effizienter wird...
Denn wenn die Genehmigung kommt, werden für die Kenianer Arbeitsplätze
geschaffen, die sie dringend benötigen.
Also ist weiterhin Geduld und Warten angesagt.
Die politischen Unruhen in Kenia sind nicht flächendeckend und die Verzögerungen mit den Behörden, damit hat Tiomin nun schon genug Erfahrung gesammelt und wird das auch noch durchstehen.
Vielleicht sind diese Ereignisse trotz des menschlichen Leids und Elends eine Art reinigendes Gewitter, dass eine neue Regierung nun disziplinierter und effizienter wird...
Denn wenn die Genehmigung kommt, werden für die Kenianer Arbeitsplätze
geschaffen, die sie dringend benötigen.
Also ist weiterhin Geduld und Warten angesagt.
Was bringt´s??? Mehr als enttäuschend. Im Stockhouse haben die sogar die news rausgenommen, weil die letzte schon zu lange her ist
Kack-Ding.
Kack-Ding.
Antwort auf Beitrag Nr.: 33.245.288 von jaffa am 01.02.08 22:16:04wir werden sehen....
Ja, wir werden sehen! Schönes WE.
Peruana Milpo prevé elevar un 14 pct ventas en 2008
1 de febrero de 2008
http://lta.reuters.com/article/businessNews/idLTAN0142120320…
Milpo has two major projects in the pipeline, copper and gold Pukaqaqa, located in the Andean region Huancavelica, and zinc Hilarion, in the Ancash region.
The plan of the company is investing about $ 300 million in Pukaqaqa and another 200 million in Hilarion to launch in the next few years these new operations.
Chahuan said that Hilarion are working on the pre-feasibility study, environmental impact assessment and the presentation of licences to the state.
"Hopefully if everything flows should start construction (of the mine) say early next year, that depends on when we get the license," he said.
Regarding Pukaqaqa, noted that this year will be carried out drilling work and midway through the 2009 environmental impact study and the issue of licences.
"I believe we could start construction (of the mine), if everything goes well, in 2010. Truth not avisoro before," said Chahuan.
1 de febrero de 2008
http://lta.reuters.com/article/businessNews/idLTAN0142120320…
Milpo has two major projects in the pipeline, copper and gold Pukaqaqa, located in the Andean region Huancavelica, and zinc Hilarion, in the Ancash region.
The plan of the company is investing about $ 300 million in Pukaqaqa and another 200 million in Hilarion to launch in the next few years these new operations.
Chahuan said that Hilarion are working on the pre-feasibility study, environmental impact assessment and the presentation of licences to the state.
"Hopefully if everything flows should start construction (of the mine) say early next year, that depends on when we get the license," he said.
Regarding Pukaqaqa, noted that this year will be carried out drilling work and midway through the 2009 environmental impact study and the issue of licences.
"I believe we could start construction (of the mine), if everything goes well, in 2010. Truth not avisoro before," said Chahuan.
Auf der Tiomin Homepage http://www.tiomin.comwurde ein neues Projekt zumindest namentlich eingerichtet, die Inhalte fehlen.
siehe unter Titanium > Natashquan Project
Das projekt scheint eigentlich älter zu sein, wenn man Google mal anwirft.
Dabei kommt letztendlich heraus:
http://www.wissen.swr.de/sf/wissenspool/bg0027/kanada/sendun…
weiter gehts:
http://arcbc.tripod.com/mamit.htm
Mal schauen, was jetzt damit wird, evtl ist man sich ja mit den Ureinwohnern einig geworden!!!
siehe unter Titanium > Natashquan Project
Das projekt scheint eigentlich älter zu sein, wenn man Google mal anwirft.
Dabei kommt letztendlich heraus:
n dem kleinen Fischerdorf Natashquan, etwa 150 Kilometer südwestlich von Harrington Harbour, hoffen die Menschen auf neue Arbeitsplätze, die sie vom Fischfang unabhängig machen. 1996 wurde die Landstraße fertiggestellt, die den Ort mit den Städten im Süden verbindet. Endlich ist Natashquan auch mit Autos und Lastwagen zu erreichen. Eine Minengesellschaft hatte bereits Wissenschaftler nach Natashquan geschickt, die dort den Boden nach wertvollen Metallen absuchen sollten. Doch die Arbeiten wurden eingestellt, als der Stammesrat der Montagnais gegen die Ausbeutung des Bodens protestierte. Die Montagnais gehören zu den Ureinwohnern der Region. Sie verwalten weite Teile des Landes rund um Natashquan - ihr Reservat. Der Tourismus, auf den die Einwohner von Natashquan große Hoffnungen setzen, hat sich bis jetzt noch nicht zu einem nennenswerten Wirtschaftszweig entwickelt. So bleiben die Menschen vom Fischfang abhängig. Immerhin hat sich der Hafen von Natashquan inzwischen zu einem wichtigen Umschlagplatz für Meeresfrüchte aus dem Sankt-Lorenz-Golf entwickelt.
http://www.wissen.swr.de/sf/wissenspool/bg0027/kanada/sendun…
weiter gehts:
http://arcbc.tripod.com/mamit.htm
....In January 1997, a small mining company called Tiomin announced it made an important discovery of titanium sand deposits near the mouth of the Natashquan River. The Natashquan Band subsequently sent a letter to the company asking to meet in order to discuss a partnership between the Band and the company. The Innu did not want to block development, but insure their interests in participating in the venture and minimizing environmental damage during the mine's exploration and operation phases.
Tiomin categorically refused any meeting with the Innu and instead released a series of press releases accusing the First Nation of asking for too many concessions and "trying to stop development." Similarly to the case in Labrador, the Innu sought to minimalize environemntal impacts and realize some benefits from the mining development. Tiomin, however, unlike Inco, does not have deep pockets of financial resources. After the company refused to meet with the Innu and ceased operations in Natashquan, the company's shares dropped like a stone. On January 23, 1997, common shares of Tiomin sold on the Toronto stock exchange at $4.00 per share. On September 26, 1997 it was listed at only $1.90 per share.
Mal schauen, was jetzt damit wird, evtl ist man sich ja mit den Ureinwohnern einig geworden!!!
die Korrektur folgt auf dem Fusse
Quote
Dear Mr. xxx,
Thank you for your continued interest in Tiomin.
I would like to make a correction and state that “Natashquan” is not one of our projects. We shall make the adjustment shortly.
On Kwale, the Jinchuan Group visited Kenya between November and December 2007 to conduct a technical evaluation to reduce costs at the construction phase of the project. We are still waiting for Jinchuan to complete their due diligence process and give us an indication as to how we shall proceed with the project.
As you may be aware, Kenya is plunged into chaos as a result of the post election outcome. This situation makes it difficult to address the bureaucratic steps that the Kenyan government is yet to complete.
On our Pukaqaqa project, we completed NI 43-101 resource report during our third Quarter 2007. It is projected that production may begin late 2008 or early 2009. Pukaqaqa project has a high value potential.
Our management team continues to seek cost effective mining projects round the globe.
I hope this response is to your satisfaction.
Thank you for your patience.
Joyce Misoi
Proj. Coordinator & Investor Relations
Tiomin Resources Inc.
18 King Street East, Suite 810
Toronto Ontario
M5C 1C4
Tel: (416)3503779 Ext. 233
Fax: (416)350-3570
Email: jmisoi@tiomin.com
Quote
Dear Mr. xxx,
Thank you for your continued interest in Tiomin.
I would like to make a correction and state that “Natashquan” is not one of our projects. We shall make the adjustment shortly.
On Kwale, the Jinchuan Group visited Kenya between November and December 2007 to conduct a technical evaluation to reduce costs at the construction phase of the project. We are still waiting for Jinchuan to complete their due diligence process and give us an indication as to how we shall proceed with the project.
As you may be aware, Kenya is plunged into chaos as a result of the post election outcome. This situation makes it difficult to address the bureaucratic steps that the Kenyan government is yet to complete.
On our Pukaqaqa project, we completed NI 43-101 resource report during our third Quarter 2007. It is projected that production may begin late 2008 or early 2009. Pukaqaqa project has a high value potential.
Our management team continues to seek cost effective mining projects round the globe.
I hope this response is to your satisfaction.
Thank you for your patience.
Joyce Misoi
Proj. Coordinator & Investor Relations
Tiomin Resources Inc.
18 King Street East, Suite 810
Toronto Ontario
M5C 1C4
Tel: (416)3503779 Ext. 233
Fax: (416)350-3570
Email: jmisoi@tiomin.com
Wollte ich gerade reinstellen. Vor 10 Jahren Kurs 5$ Mehr als enttäuschend!!!
Geht glaub gar nix mehr hier
Antwort auf Beitrag Nr.: 33.290.027 von jaffa am 06.02.08 22:28:53willste lieber für 5 Dollar kaufen?
Jetzt isses billig und die letzten Insider Trades sind nicht zu übersehen...dafür sind es nämlich ziemlich viele.
Ich mach mir gar keinen Schädel momentan um TIO.
Verglichen mit SAU ist das hier doch eher was sicheres, da Pukaqaqa als "Desaste-Recovery" gut taugt.
Cash = MK ..wo sieht man dass schon oft.
Ich lege nochmal nach.
Jetzt isses billig und die letzten Insider Trades sind nicht zu übersehen...dafür sind es nämlich ziemlich viele.
Ich mach mir gar keinen Schädel momentan um TIO.
Verglichen mit SAU ist das hier doch eher was sicheres, da Pukaqaqa als "Desaste-Recovery" gut taugt.
Cash = MK ..wo sieht man dass schon oft.
Ich lege nochmal nach.
http://translate.google.com/translate?u=http%3A%2F%2Fwww.por…
http://www.portalminero.com/noti/noticias_ver.php?codigo=379…
Peru
Minera Milpo prevé elevar un 14% sus ventas en 2008 Minera Milpo raise an expected 14 2008
News Mining
Empresa peruana tiene en cartera dos importantes proyectos, el de cobre y oro Pukaqaqa, ubicado en la región andina Huancavelica, y el de zinc Hilarión, en la región de Ancash. Peruvian company has two major projects in the pipeline, copper and gold Pukaqaqa, located in the Andean region Huancavelica, and zinc Hilarion, in the region of Ancash.
La Compañía Minera Milpo, una de las mayores productoras de zinc y plomo en Perú, espera elevar este año un 14 por ciento sus ventas frente al 2007, pese a un escenario de precios más bajos respecto al año pasado, dijo el viernes el gerente general de la firma, Abraham Chahuan. The Compania Minera Milpo, one of the largest producers of zinc and lead in Peru, hopes to raise this year 14 2007, despite a scenario of lower prices compared to last year, said on Friday the general manager the signing Chahuan Abraham.
Milpo opera cuatro minas: Cerro Lindo, El Porvenir y Chapi en Perú y la unidad Iván en Chile. Milpo operates four mines: Cerro Lindo, El Porvenir and Chapi in Peru and unity Ivan in Chile.
"El total de las ventas proyectadas (para este año) son casi 400 millones de dólares y el año pasado fueron unos 350 millones. Ese dato varía de acuerdo a los precios, el presupuesto del 2008 tiene en consideración precios más bajos que el año 2007," dijo Chahuan en una presentación a inversionistas de las operaciones de la minera Milpo. "The projected total sales (for this year) are nearly $ 400 million and last year were about 350 million. That figure varies according to prices, the budget for 2008 takes into account lower prices than the year 2007 "Chahuan said in a presentation to investors in the operation of the mining Milpo.
El ejecutivo dijo además que la compañía registró en el 2007 ganancias por 95 millones de dólares. The executive also said that the company recorded in 2007 profits by $ 95 million. Chahuan no dio cifras comparativas, pero la firma informó el año pasado que sus ganancias fueron de 96,3 millones de dólares en el 2006. Chahuan did not give comparative figures, but the firm reported last year that its profits were $ 96.3 million in 2006.
Milpo inauguró el 2007 su mina Cerro Lindo con una inversión de 110 millones de dólares. Milpo opened the 2007 Cerro Lindo its mine with an investment of 110 million dollars. “La unidad alcanzará este año su plena capacidad a un costo de producción de 19 dólares por tonelada métrica, el más bajo del mundo”, según la compañía. "The unit will reach its full capacity this year at a production cost of 19 dollars per metric ton, the lowest in the world," according to the company.
Chahuan dijo que el directorio de Milpo aprobó invertir este año 150 millones para desarrollar sus operaciones, de los cuales 67,7 millones se destinarán a exploraciones. Chahuan said that the directory Milpo approved investing 150 million this year to develop its operations, of which 67.7 million will be allocated to exploration.
"La visión de Milpo es alcanzar el millón de toneladas de concentrados en un período de cinco años, así como 100.000 toneladas de cobre fino," afirmó. "Milpo's vision is to reach one million tonnes of concentrates over a period of five years, as well as 100,000 tons of fine copper," he said.
A la pregunta de si Milpo planea cotizar acciones en el exterior para levantar capital y financiar sus operaciones, Chahuan dijo: "no es un plan hoy día, no se ha contemplado (...) no vemos inconveniente de conseguir recursos en Perú." When asked if Milpo plans listing shares abroad to raise capital and finance its operations, Chahuan said, "is not a plan today, has not been (...) we see no inconvenience for resources in Peru."
El plan de la firma es invertir unos 300 millones de dólares en Pukaqaqa y otros 200 millones en Hilarión para poner en marcha en los próximos años estas nuevas operaciones. The plan of the company is investing about $ 300 million in Pukaqaqa and another 200 million in Hilarion to launch in the next few years these new operations.
Chahuan dijo que en Hilarión están trabajando en el estudio de prefactibilidad, en el estudio de impacto ambiental y en la presentación de las licencias al estado. Chahuan said that Hilarion are working on the pre-feasibility study, environmental impact assessment and the presentation of licences to the state.
"Ojalá si todo confluye deberíamos empezar la construcción (de la mina) digamos a principios del próximo año, eso depende de cuándo obtengamos la licencia," afirmó. "Hopefully if everything flows should start construction (of the mine) say early next year, that depends on when we get the license," he said.
En cuanto a Pukaqaqa, declaró que este año se realizarán perforaciones ya mitad del 2009 trabajarán el estudio de impacto ambiental y el tema de las licencias. Regarding Pukaqaqa, stated that drilling will be undertaken this year and half of the 2009 work environmental impact study and the issue of licences.
"Creo yo que se podría iniciar la construcción (de la mina), si todo sale bien, en el 2010. La verdad no lo avisoro antes," dijo Chahuan. "I believe we could start construction (of the mine), if everything goes well, in 2010. Truth not avisoro before," said Chahuan.
Perú, el tercer productor mundial de zinc y el cuarto de plomo, tiene en la minería a un importante sector que aporta el 62 por ciento de las exportaciones totales del país. Peru, the third world producer of zinc and lead in the fourth, has an important mining sector which accounts for 62 percent of the country's total exports.
El ejecutivo afirmó que Milpo planea ingresar a Colombia, como parte de su estrategia de buscar nuevas oportunidades. The executive said that Milpo plans to enter Colombia, as part of its strategy to seek new opportunities. (Reuters)
http://www.portalminero.com/noti/noticias_ver.php?codigo=379…
Peru
Minera Milpo prevé elevar un 14% sus ventas en 2008 Minera Milpo raise an expected 14 2008
News Mining
Empresa peruana tiene en cartera dos importantes proyectos, el de cobre y oro Pukaqaqa, ubicado en la región andina Huancavelica, y el de zinc Hilarión, en la región de Ancash. Peruvian company has two major projects in the pipeline, copper and gold Pukaqaqa, located in the Andean region Huancavelica, and zinc Hilarion, in the region of Ancash.
La Compañía Minera Milpo, una de las mayores productoras de zinc y plomo en Perú, espera elevar este año un 14 por ciento sus ventas frente al 2007, pese a un escenario de precios más bajos respecto al año pasado, dijo el viernes el gerente general de la firma, Abraham Chahuan. The Compania Minera Milpo, one of the largest producers of zinc and lead in Peru, hopes to raise this year 14 2007, despite a scenario of lower prices compared to last year, said on Friday the general manager the signing Chahuan Abraham.
Milpo opera cuatro minas: Cerro Lindo, El Porvenir y Chapi en Perú y la unidad Iván en Chile. Milpo operates four mines: Cerro Lindo, El Porvenir and Chapi in Peru and unity Ivan in Chile.
"El total de las ventas proyectadas (para este año) son casi 400 millones de dólares y el año pasado fueron unos 350 millones. Ese dato varía de acuerdo a los precios, el presupuesto del 2008 tiene en consideración precios más bajos que el año 2007," dijo Chahuan en una presentación a inversionistas de las operaciones de la minera Milpo. "The projected total sales (for this year) are nearly $ 400 million and last year were about 350 million. That figure varies according to prices, the budget for 2008 takes into account lower prices than the year 2007 "Chahuan said in a presentation to investors in the operation of the mining Milpo.
El ejecutivo dijo además que la compañía registró en el 2007 ganancias por 95 millones de dólares. The executive also said that the company recorded in 2007 profits by $ 95 million. Chahuan no dio cifras comparativas, pero la firma informó el año pasado que sus ganancias fueron de 96,3 millones de dólares en el 2006. Chahuan did not give comparative figures, but the firm reported last year that its profits were $ 96.3 million in 2006.
Milpo inauguró el 2007 su mina Cerro Lindo con una inversión de 110 millones de dólares. Milpo opened the 2007 Cerro Lindo its mine with an investment of 110 million dollars. “La unidad alcanzará este año su plena capacidad a un costo de producción de 19 dólares por tonelada métrica, el más bajo del mundo”, según la compañía. "The unit will reach its full capacity this year at a production cost of 19 dollars per metric ton, the lowest in the world," according to the company.
Chahuan dijo que el directorio de Milpo aprobó invertir este año 150 millones para desarrollar sus operaciones, de los cuales 67,7 millones se destinarán a exploraciones. Chahuan said that the directory Milpo approved investing 150 million this year to develop its operations, of which 67.7 million will be allocated to exploration.
"La visión de Milpo es alcanzar el millón de toneladas de concentrados en un período de cinco años, así como 100.000 toneladas de cobre fino," afirmó. "Milpo's vision is to reach one million tonnes of concentrates over a period of five years, as well as 100,000 tons of fine copper," he said.
A la pregunta de si Milpo planea cotizar acciones en el exterior para levantar capital y financiar sus operaciones, Chahuan dijo: "no es un plan hoy día, no se ha contemplado (...) no vemos inconveniente de conseguir recursos en Perú." When asked if Milpo plans listing shares abroad to raise capital and finance its operations, Chahuan said, "is not a plan today, has not been (...) we see no inconvenience for resources in Peru."
El plan de la firma es invertir unos 300 millones de dólares en Pukaqaqa y otros 200 millones en Hilarión para poner en marcha en los próximos años estas nuevas operaciones. The plan of the company is investing about $ 300 million in Pukaqaqa and another 200 million in Hilarion to launch in the next few years these new operations.
Chahuan dijo que en Hilarión están trabajando en el estudio de prefactibilidad, en el estudio de impacto ambiental y en la presentación de las licencias al estado. Chahuan said that Hilarion are working on the pre-feasibility study, environmental impact assessment and the presentation of licences to the state.
"Ojalá si todo confluye deberíamos empezar la construcción (de la mina) digamos a principios del próximo año, eso depende de cuándo obtengamos la licencia," afirmó. "Hopefully if everything flows should start construction (of the mine) say early next year, that depends on when we get the license," he said.
En cuanto a Pukaqaqa, declaró que este año se realizarán perforaciones ya mitad del 2009 trabajarán el estudio de impacto ambiental y el tema de las licencias. Regarding Pukaqaqa, stated that drilling will be undertaken this year and half of the 2009 work environmental impact study and the issue of licences.
"Creo yo que se podría iniciar la construcción (de la mina), si todo sale bien, en el 2010. La verdad no lo avisoro antes," dijo Chahuan. "I believe we could start construction (of the mine), if everything goes well, in 2010. Truth not avisoro before," said Chahuan.
Perú, el tercer productor mundial de zinc y el cuarto de plomo, tiene en la minería a un importante sector que aporta el 62 por ciento de las exportaciones totales del país. Peru, the third world producer of zinc and lead in the fourth, has an important mining sector which accounts for 62 percent of the country's total exports.
El ejecutivo afirmó que Milpo planea ingresar a Colombia, como parte de su estrategia de buscar nuevas oportunidades. The executive said that Milpo plans to enter Colombia, as part of its strategy to seek new opportunities. (Reuters)
Habe lange geschwiegen und melde mich auch mal wieder!!
Hallo Jaffa, nicht den Mut verlieren!
Jetzt hast Du schon so lange warten müssen, das wirst Du auch noch durchstehen.
Wenn sich die Lage in Kenia wieder beruhigt, wir das Tiomin auch wieder Auftrieb geben. Der Markt und die Börsen mögen keine Unsicherheiten und da gab es bisher zu viel davon.
Die weltweite Börsenschwäche hat natürlich auch noch zusätzlich den Kurs gedrückt.
Habe mir auch schon überlegt, zu diesen Schnäppchen Preisen meinen Kursdurchschnitt zu verbilligen.
Bin aber voll in Cityview investiert und habe dort immer wieder nachgekauft, da kommen diesen Monat die entscheidenden News über die Gewährung der Kwanza Öl Concession. Der CEO ist gestern auf Reisen nach Angola, London un Hongkong geflogen.
Der Anstieg war vielleicht ein Anfang für eine Wende, allerdings mit geringen Umsätzen. Der Anstieg erfolgte mit nur lediglich 60000 Käufen.
Mal sehen, was sich da jetzt entwickelt. Nur weiterhin geduldig sein.
Hallo Jaffa, nicht den Mut verlieren!
Jetzt hast Du schon so lange warten müssen, das wirst Du auch noch durchstehen.
Wenn sich die Lage in Kenia wieder beruhigt, wir das Tiomin auch wieder Auftrieb geben. Der Markt und die Börsen mögen keine Unsicherheiten und da gab es bisher zu viel davon.
Die weltweite Börsenschwäche hat natürlich auch noch zusätzlich den Kurs gedrückt.
Habe mir auch schon überlegt, zu diesen Schnäppchen Preisen meinen Kursdurchschnitt zu verbilligen.
Bin aber voll in Cityview investiert und habe dort immer wieder nachgekauft, da kommen diesen Monat die entscheidenden News über die Gewährung der Kwanza Öl Concession. Der CEO ist gestern auf Reisen nach Angola, London un Hongkong geflogen.
Der Anstieg war vielleicht ein Anfang für eine Wende, allerdings mit geringen Umsätzen. Der Anstieg erfolgte mit nur lediglich 60000 Käufen.
Mal sehen, was sich da jetzt entwickelt. Nur weiterhin geduldig sein.
CEO von Tiomin bekommt neue Aufgaben.
Freegold Ventures Appoints Robert Jackson to its Board
PR Newswire
www.freegoldventures.com
February 12, 2008: 08:30 AM EST
http://money.cnn.com/news/newsfeeds/articles/prnewswire/TO41…
Freegold Ventures Appoints Robert Jackson to its Board
PR Newswire
www.freegoldventures.com
February 12, 2008: 08:30 AM EST
http://money.cnn.com/news/newsfeeds/articles/prnewswire/TO41…
Antwort auf Beitrag Nr.: 33.345.895 von jensdab am 12.02.08 19:21:56Hab´s nicht genau analysiert, soll heissen, er macht die Mücke bei tio?
Mensch jensi, bei cityview bekommst Du ja mächtig eins drauf. Würde hier allerdings auch (noch??) nicht investieren. Könnte sich wirklich um die Mega-Abzockerei handeln Trotzdem Viel Glück.
Mensch jensi, bei cityview bekommst Du ja mächtig eins drauf. Würde hier allerdings auch (noch??) nicht investieren. Könnte sich wirklich um die Mega-Abzockerei handeln
Trotzdem Viel Glück.
Antwort auf Beitrag Nr.: 33.347.712 von jaffa am 12.02.08 21:56:42Vermute, dass er seine Fühler zusätzlich ausstreckt und weil Tiomin ihn vielleicht nicht ausfüllt, und frischt gleichzeitig sein Taschengeld auf und das wird dann auch Tiomin zugute kommen.
Bzgl. Cityview kann man diese permanenten Warner nicht ernst nehmen, völlig unqualifiziert und schmeissen alles in den Profiler Topf.
Habe die meisten user ausgeblendet und begebe mich nicht mehr auf dieses Niveau, Zeitverschwendung.
Glaubst Du etwa diesen Weltuntergangspropheten?
Die würden gerne den Kurs runterprügeln, vergessen aber, dass Cityview eine sehr große Anhängerschaft hat und die voll hinter der Firma und dem Geschäftsmodell stehen.
Im Februar kommen die entscheidenden News und ich rechne mit 1 $ spätestens in 1 Jahr, wenn weitere Projekte realisiert werden.
Mit Tiomin dauert es wohl länger.
Bzgl. Cityview kann man diese permanenten Warner nicht ernst nehmen, völlig unqualifiziert und schmeissen alles in den Profiler Topf.
Habe die meisten user ausgeblendet und begebe mich nicht mehr auf dieses Niveau, Zeitverschwendung.
Glaubst Du etwa diesen Weltuntergangspropheten?
Die würden gerne den Kurs runterprügeln, vergessen aber, dass Cityview eine sehr große Anhängerschaft hat und die voll hinter der Firma und dem Geschäftsmodell stehen.
Im Februar kommen die entscheidenden News und ich rechne mit 1 $ spätestens in 1 Jahr, wenn weitere Projekte realisiert werden.
Mit Tiomin dauert es wohl länger.
Antwort auf Beitrag Nr.: 33.349.198 von jensdab am 13.02.08 00:24:34 ungewohnt hohes Vol. heute. Kommt da was??
ungewohnt hohes Vol. heute. Kommt da was??
Antwort auf Beitrag Nr.: 33.418.397 von jaffa am 19.02.08 23:55:19wollen wir es hoffen....
News von den Chinesen wären net schlecht.
News von den Chinesen wären net schlecht.
Antwort auf Beitrag Nr.: 33.325.538 von XIO am 10.02.08 21:48:12
Insider Activity Review – latest 10 filings updated daily
For email alerts and more comprehensive market-wide insider filing information including extended search and analysis, visit www.inkresearch.ca for a two week free trial to Canadian Insider Alert Interactive. See how INK Research can help you uncover new investment opportunities and alert you to insider selling in stocks you own by clicking here.
Tiomin Resources Inc. (TIO)
As of February 21st, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 19/08 Feb 19/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 700,000 $0.065
Feb 19/08 Feb 19/08 Jackson, Robert William Direct Ownership Common Shares 10 - Acquisition in the public market 1,000,000 $0.060
Feb 04/08 Feb 04/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 138,000 $0.065
Feb 04/08 Jan 24/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 93,000 $0.065
Jan 29/08 Jan 24/08 Borst, Robbert Hans Direct Ownership Common Shares 10 - Acquisition in the public market 90,000 $0.070
Jan 28/08 Jan 25/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 407,000 $0.065
Jan 21/08 Jan 21/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.065
Jan 15/08 Dec 27/07 Ogryzlo, Charles Thomas Direct Ownership Options employee stock option [Amended Filing] 50 - Grant of options 750,000 $0.075
Jan 14/08 Dec 27/07 Potvin, Jean-Charles Direct Ownership Options employee stock option 50 - Grant of options 1,500,000 $0.075
Jan 14/08 Jan 02/08 Borst, Robbert Hans Direct Ownership Options employee stock option 50 - Grant of options 1,000,000 $0.075
Potvin, "Hansi" Borst und Jackson laden echt ganz schön auf
Sollte aber langsam echt mal was kommen
Insider Activity Review – latest 10 filings updated daily
For email alerts and more comprehensive market-wide insider filing information including extended search and analysis, visit www.inkresearch.ca for a two week free trial to Canadian Insider Alert Interactive. See how INK Research can help you uncover new investment opportunities and alert you to insider selling in stocks you own by clicking here.
Tiomin Resources Inc. (TIO)
As of February 21st, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 19/08 Feb 19/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 700,000 $0.065
Feb 19/08 Feb 19/08 Jackson, Robert William Direct Ownership Common Shares 10 - Acquisition in the public market 1,000,000 $0.060
Feb 04/08 Feb 04/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 138,000 $0.065
Feb 04/08 Jan 24/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 93,000 $0.065
Jan 29/08 Jan 24/08 Borst, Robbert Hans Direct Ownership Common Shares 10 - Acquisition in the public market 90,000 $0.070
Jan 28/08 Jan 25/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 407,000 $0.065
Jan 21/08 Jan 21/08 Potvin, Jean-Charles Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.065
Jan 15/08 Dec 27/07 Ogryzlo, Charles Thomas Direct Ownership Options employee stock option [Amended Filing] 50 - Grant of options 750,000 $0.075
Jan 14/08 Dec 27/07 Potvin, Jean-Charles Direct Ownership Options employee stock option 50 - Grant of options 1,500,000 $0.075
Jan 14/08 Jan 02/08 Borst, Robbert Hans Direct Ownership Options employee stock option 50 - Grant of options 1,000,000 $0.075
Potvin, "Hansi" Borst und Jackson laden echt ganz schön auf
Sollte aber langsam echt mal was kommen
Hallo,
bin aufgrund der Insidertrades auf Tiomin aufmerksam geworden. bei der recherche habe ich festgestellt, dass 445 MIO Aktien ausgegeben sind. Ist das richtig?
bin aufgrund der Insidertrades auf Tiomin aufmerksam geworden. bei der recherche habe ich festgestellt, dass 445 MIO Aktien ausgegeben sind. Ist das richtig?
Antwort auf Beitrag Nr.: 33.453.774 von Substanzperlensucher am 22.02.08 23:16:25sieh in die letzte Unternehmenspräsentation auf der website bzw. hier:
http://www.advfn.com/p.php?pid=cafinancials&symbol=T%5ETIO
http://www.advfn.com/p.php?pid=cafinancials&symbol=T%5ETIO
Interessanter Wert, wenn man einen Totalverlust
mit einkalkuliert.
Werde mir mal versuchen ein besseres Bild zu machen.
mit einkalkuliert.
Werde mir mal versuchen ein besseres Bild zu machen.
Aktueller Beitrag aus dem Stockhouse:
I asked about Jinchuan and they said that the Chinese are planning on getting back to us in March about where we should go with the Kwale project, that it could be nay or yay, probably yay because they built a sponge plant there and want to develop the site because they require the final product/resources.
I asked about the insider information, they said that now it's at it's low and you may as well load up because it could be significantly greater than what it is now.
They said Jinchuan is interested in our Peru project and have been visiting it.
They may take over Tiomin but they do not have the necessary experience in mineral sands so teaming with us is good.
Peru pukaqqa will start drilling in march with milgo.
Jinchuan may not exercise option and just buy the shares at the current price.
That's all folks.
I asked about Jinchuan and they said that the Chinese are planning on getting back to us in March about where we should go with the Kwale project, that it could be nay or yay, probably yay because they built a sponge plant there and want to develop the site because they require the final product/resources.
I asked about the insider information, they said that now it's at it's low and you may as well load up because it could be significantly greater than what it is now.
They said Jinchuan is interested in our Peru project and have been visiting it.
They may take over Tiomin but they do not have the necessary experience in mineral sands so teaming with us is good.
Peru pukaqqa will start drilling in march with milgo.
Jinchuan may not exercise option and just buy the shares at the current price.
That's all folks.
Antwort auf Beitrag Nr.: 33.454.517 von Popeye82 am 23.02.08 09:17:11Du liegst falsch.. Totalverlust ist (so ziemlich) unmöglich.
Warum: Pukaqaqa in Peru geht in Produktion...definitiv.
So, es sieht also so aus, als ob sich die Chinesen jetzt schon fett einkaufen.
Die Optionen werden die gar nicht mehr brauchen.
Warum: Pukaqaqa in Peru geht in Produktion...definitiv.
So, es sieht also so aus, als ob sich die Chinesen jetzt schon fett einkaufen.
Die Optionen werden die gar nicht mehr brauchen.
Da hab ich doch richtig gern Unrecht!
Einer der relevantesten Punkte meiner -versuchten- Strategie
ist es: genau dann mutig zu sein, wenn es keiner ist.
Glaube die %-Rechnung einigermassen zu verstehen
wenn man dann Recht hatte -wird es dann noch
um ein Vielfaches genialer.
In dem Sinne liebe ich die derzeitige Zeit/Situation
geradezu!!!
Einer der relevantesten Punkte meiner -versuchten- Strategie
ist es: genau dann mutig zu sein, wenn es keiner ist.
Glaube die %-Rechnung einigermassen zu verstehen
wenn man dann Recht hatte -wird es dann noch
um ein Vielfaches genialer.
In dem Sinne liebe ich die derzeitige Zeit/Situation
geradezu!!!
über 5 Mio shares bereits gehandelt, +21% derzeit
Antwort auf Beitrag Nr.: 33.483.738 von Popeye82 am 26.02.08 21:09:56
"Einer der relevantesten Punkte meiner -versuchten- Strategie
ist es: genau dann mutig zu sein, wenn es keiner ist."
Dann würde ich an deiner Stelle kurzfristig auch etwas Spielgeld in Elemental Minerals stecken...sind übelst "abgekackt" und das reviewing ist positiv verlaufen in der DRC
"Einer der relevantesten Punkte meiner -versuchten- Strategie
ist es: genau dann mutig zu sein, wenn es keiner ist."
Dann würde ich an deiner Stelle kurzfristig auch etwas Spielgeld in Elemental Minerals stecken...sind übelst "abgekackt" und das reviewing ist positiv verlaufen in der DRC
Vorbörslich Kanada
0.075 N/A 0.085 (350) / 0.085 (3600)
0.075 N/A 0.085 (350) / 0.085 (3600)
Kenias Konfliktparteien unterzeichnen Kompromiss
Do Feb 28, 2008 5:19 MEZ136
http://de.today.reuters.com/news/newsArticle.aspx?type=topNe…
Do Feb 28, 2008 5:19 MEZ136
http://de.today.reuters.com/news/newsArticle.aspx?type=topNe…
neue website, hervorragende Aufmachung doch leider fehlen news Alleine Pukaqaqa würde einen viel höheren Kurs rechtfertigen!!! Nervt mich langsam.
Antwort auf Beitrag Nr.: 33.551.473 von jaffa am 04.03.08 22:37:04jaffa,
wenn ich 2009 300% oder später 500 % relativ sicher im kasten hab, wäre mir das jetzt egal
wenn ich 2009 300% oder später 500 % relativ sicher im kasten hab, wäre mir das jetzt egal
Antwort auf Beitrag Nr.: 33.551.539 von XIO am 04.03.08 22:45:26very nice
na dann.. auf die kanadisch chinesische Freundschaft...Prost
na dann.. auf die kanadisch chinesische Freundschaft...Prost
Jinchuan team visit November - December 2007
los, jetzt aber endlich mal Kohle raus
los, jetzt aber endlich mal Kohle raus
Sieht eher aus wie ein Ausflugsbild der Strafvollzugsanstalt
Das Management "rüstet" weiter auf.
Tiomin mittlerweile Nr. 1 auf http://www.canadianinsider.com unter Top 5 Net Buyers by Volume
Tiomin mittlerweile Nr. 1 auf http://www.canadianinsider.com unter Top 5 Net Buyers by Volume
Antwort auf Beitrag Nr.: 33.645.637 von XIO am 14.03.08 18:35:33
Da ist was im Busch aber das wissen wir ja schon längst
http://www.eastandard.net/news/?id=1143983343&cid=4
....In addition to launching provincial and district environmental committees in Kenya, he issued one of the first Environmental Impact Assessment licences to the Tiomin Kenya Inc to mine tiomin in K
....In addition to launching provincial and district environmental committees in Kenya, he issued one of the first Environmental Impact Assessment licences to the Tiomin Kenya Inc to mine tiomin in K
Antwort auf Beitrag Nr.: 33.654.673 von XIO am 16.03.08 19:34:06PS. das Zitat ist aus dem Kontext heraus zu lesen.... noch nicht DIE News
wollt ich nur mal anfügen:
"mutig sein" heisst dann bei mir nicht unbedingt,
daß ich völlig euphorisch in alles long gehe,
was grad übelst fällt.
Nur nicht, daß ein falscher Eindruck entsteht
-Grundlage dafür ist schon eine WList mit
Minimum 2-3 Dutzend Werten.
Die Insidertransaktionen sind ja heftigst!
"mutig sein" heisst dann bei mir nicht unbedingt,
daß ich völlig euphorisch in alles long gehe,
was grad übelst fällt.
Nur nicht, daß ein falscher Eindruck entsteht
-Grundlage dafür ist schon eine WList mit
Minimum 2-3 Dutzend Werten.
Die Insidertransaktionen sind ja heftigst!
"INDUSTRIAL MINERALS
Volume Leaders
South American Gold TSX: SAG $0.05 0.00 0.00% 2,986,709
Centurion Gold Holdi OB: CGHI $0.01 -0.00 -31.58% 1,765,200
Tiomin Resources Inc TSX: TIO $0.08 0.00 0.00% 1,202,924"
Volume Leaders
South American Gold TSX: SAG $0.05 0.00 0.00% 2,986,709
Centurion Gold Holdi OB: CGHI $0.01 -0.00 -31.58% 1,765,200
Tiomin Resources Inc TSX: TIO $0.08 0.00 0.00% 1,202,924"
South Africa: Bank Launches Joint $1 Billion Mining Fund
http://allafrica.com/stories/200803251021.html
....Dirk Kotze, general manager of The Beijing Axis, a consultancy working with Chinese companies investing in Africa, said: "It's a good link-up between the money and the people who need resources, and the people who know the country."
China is seeking greater access to energy and metals overseas to fuel its booming manufacturing economy and supply raw materials for the rapid industrialization of its rural areas.
It has recently agreed a US$5 billion loan to the Democratic Republic of Congo in return for access to the country's copper and cobalt mines. ICBC's new partnership with Standard Bank will allow it to seek more 'private' deals, said Mr Kotze, rather than following Chinese companies into Africa.
He added that the tie-up between institutions from China and South Africa was "long overdue" because both countries have significant interest in the African continent's resources. "Those interests were converging. There would have been inefficiencies if they hadn't collaborated at some time," he told Business Daily.
ICBC and Standard Bank started talks on the fund last year. Under the final agreement, each will invest US$200 million with the remainder made up of funds from third parties.
It is not known whether the fund will support any mining projects in Kenya. A Chinese company already has a presence in Kenya's titanium mine after the Jinchuan Group bought into Canadian exploration company Tiomin. Typically "the Chinese have a propensity to go for big ticket deposits", said Mr Kotze.
The ICBC-Standard Bank fund has a return target of 20 per cent. "The money will go where there is money to be made and that's in resources for the moment," added Mr Kotze.....
http://allafrica.com/stories/200803251021.html
....Dirk Kotze, general manager of The Beijing Axis, a consultancy working with Chinese companies investing in Africa, said: "It's a good link-up between the money and the people who need resources, and the people who know the country."
China is seeking greater access to energy and metals overseas to fuel its booming manufacturing economy and supply raw materials for the rapid industrialization of its rural areas.
It has recently agreed a US$5 billion loan to the Democratic Republic of Congo in return for access to the country's copper and cobalt mines. ICBC's new partnership with Standard Bank will allow it to seek more 'private' deals, said Mr Kotze, rather than following Chinese companies into Africa.
He added that the tie-up between institutions from China and South Africa was "long overdue" because both countries have significant interest in the African continent's resources. "Those interests were converging. There would have been inefficiencies if they hadn't collaborated at some time," he told Business Daily.
ICBC and Standard Bank started talks on the fund last year. Under the final agreement, each will invest US$200 million with the remainder made up of funds from third parties.
It is not known whether the fund will support any mining projects in Kenya. A Chinese company already has a presence in Kenya's titanium mine after the Jinchuan Group bought into Canadian exploration company Tiomin. Typically "the Chinese have a propensity to go for big ticket deposits", said Mr Kotze.
The ICBC-Standard Bank fund has a return target of 20 per cent. "The money will go where there is money to be made and that's in resources for the moment," added Mr Kotze.....
nochmal Totalüberblick:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issu…
Mar 20 2008 Annual information form - English PDF 329 K
da steht alles drin, was man wissen sollte!
Kack drauf. Kaum einen solch unfähigen Explorer wir Simberi (Tiomin nehmen wir mal großzügig mit auf die Liste) gesehen. Katastrophal was hier geleistet wird. Langsam glaube ich, dass es an Jensdab´s Invest-Glück liegt. Cityview war seine letzte Hammerempfehlung (und er ward nicht mehr gesehen)!!!!!!!! Sorry aber Sau und Tio sind mehr als tot. Schade nur, dass ich in D den Ausstieg nicht schaffe - da leider kein Handel. Sorry Xio für Deine Bemühungen aber das Scheitern der beiden Drecksdinger liegt wohl sehr nahe.
Keine news, fast kein Umsatz, kein Interesse - nix. Gute Nacht.
Keine news, fast kein Umsatz, kein Interesse - nix. Gute Nacht.
jaffa, du bist eindeutig zu ungeduldig.
Zitat aus dem Dokument des letzten SDEAR Postings:
Quote
On February 14, 2008, the Corporation acquired for investment purposes by way of a private placement
4,000,000 common shares at $0.50 per common share or 17.2% in Kivu Gold Corp. (“Kivu”), a private
corporation incorporated under the Canada Business Corporations Act focussed on precious metals
exploration in sub-Saharan Africa. On completion of the private placement Kivu has 23,230,000
common shares outstanding. Directors and officers of the Corporation own 12,050,000 common shares
or 51.9% of Kivu
Wo liegt Kivu?
..richtitsch..in der DRC
und wer ist Gecamines Director in der DRC und hat in der DRC Connections?
..richtitsch..Tiomin Director Paul Fortin!!!
Zitat aus dem Dokument des letzten SDEAR Postings:
Quote
On February 14, 2008, the Corporation acquired for investment purposes by way of a private placement
4,000,000 common shares at $0.50 per common share or 17.2% in Kivu Gold Corp. (“Kivu”), a private
corporation incorporated under the Canada Business Corporations Act focussed on precious metals
exploration in sub-Saharan Africa. On completion of the private placement Kivu has 23,230,000
common shares outstanding. Directors and officers of the Corporation own 12,050,000 common shares
or 51.9% of Kivu
Wo liegt Kivu?
..richtitsch..in der DRC
und wer ist Gecamines Director in der DRC und hat in der DRC Connections?
..richtitsch..Tiomin Director Paul Fortin!!!
Dass wäre mir ehrlich gesagt absolut nicht aufgefallen,
grundsätzlich hört sichs erstmal sehr vielversprechend an!
grundsätzlich hört sichs erstmal sehr vielversprechend an!
Antwort auf Beitrag Nr.: 33.781.231 von Popeye82 am 01.04.08 19:09:09wie alles bei Tio. Interesse steigt ja auch unwahrscheinlich stark an
bei Tio. Interesse steigt ja auch unwahrscheinlich stark an
Titanium Resources Shows Up On Chinese Radar Screens, But Seems Determined To Stay Off Everybody Else’s
By Our Man in the City
Communicationhas never been Titanium Resources’ strong point. Its resistance topromoting the story behind its mineral sands mining project in SierraLeone has left it off the radar of most investors. A profit warning in2006 after power supply problems left its share price in tatters, andthat was subsequently exacerbated by a major stock disposal by one ofthe company’s founders. The stock market weakness continues but changesare now afoot.
Analternative power source is about to be activated and productioncapacity is being expanded. There are also significant Chineseinterests lurking in the background. As the largest employer in SierraLeone, Titanium Resources could be a media darling. Alas, it stillprefers to focus its efforts on the physical work to hand. There’snothing wrong with that, unless you are a shareholder wondering why thestock price is looking unloved.
This summer should see theswitch from costly diesel to much cheaper heavy fuel oil after thecompany US$35 million in 2007 for a new power plant. That developmentwill be followed by the addition of a third dredge at the Sierra Rutileproject, adding 40,000 tonnes to its production capacity. Rutileproduction will double during the year to 240,000 tonnes, with thisyear’s output already pre-sold, saving 20,000 tonnes set aside tosatisfy spot market demand. “Everything is in good shape, but the costswon’t start to come down until later in the year,” says Arbuthnotanalyst John McGloin, house broker and one of the few long-termadvocates of Titanium Resources. Financial results for 2007 due to bepublished in late April may still show the business to be loss making,but will offer investors a vital insight into how the recovery isprogressing.
Fellow mineral sands producer KenmareResources has experienced its own share of production problems butTitanium Resources has the edge over its rival through having a premiumproduct. “Titanium Resources is one of the world’s largest producers ofnatural rutile, whereas Kenmaremostly has ilmenite with zircon as a sweetener,’ says Mr McGloin.Rutile is mainly used as pigment for paints, paper and plastics, butthere is growing demand for it as a titanium metal, particularly forwelding rods, which comes from finer grade produce. “Titanium Resourcesis well placed as it has a much higher quality product than Kenmare,” adds Mr McGloin.
Thisis where the Chinese come in. Asia is desperately seeking titanium forindustrial use. Chinese mining firm Jinchuan took a 20 per cent stakein minerals sands group Tiomin last year to gain access to a richtitanium deposit in Kenya. But that relationship soured when Tiomin’sproject was placed under force majeure because of environmental issues.It’s understood that Jinchuan and several other Chinese groups thenheld talks with Titanium Resources with a view to taking a stake in thebusiness, and ultimately securing its offtake.
At roughly thesame time, Jean-Raymond Boulle – the original owner of TitaniumResources – started to offload his majority shareholding, having held48.2 per cent when the company floated on Aim in 2005. The interestedChinese parties are understood to have sniffed around this stake but inan unexpected move, New York-based fund management group Ospraie gothold of it instead, reducing Mr Boulle’s holding to 10 per cent. JohnMcGloin believes the Chinese groups, eager to marry up with TitaniumResources, will now try to negotiate pigment offtake which will then bereprocessed into titanium metal.
While the mining communityawaits progress on that, an update from the company is also longoverdue on exploration activities to extend the mine life of SierraRutile and the development of a concession called Turners’ Peninsular.
Chiefexecutive Len Comerford says he is regularly in London on business, sohe could add promotion to his task list. Even last month, he wasentertaining Sierra Leone officials in the UK Capital. But for theoutside world, it appears that the company will continue to shunpublicity. Relish the opportunity at the forthcoming results to getmore detail on the business as it is unlikely to offer any food forthought before then.
By Our Man in the City
Communicationhas never been Titanium Resources’ strong point. Its resistance topromoting the story behind its mineral sands mining project in SierraLeone has left it off the radar of most investors. A profit warning in2006 after power supply problems left its share price in tatters, andthat was subsequently exacerbated by a major stock disposal by one ofthe company’s founders. The stock market weakness continues but changesare now afoot.
Analternative power source is about to be activated and productioncapacity is being expanded. There are also significant Chineseinterests lurking in the background. As the largest employer in SierraLeone, Titanium Resources could be a media darling. Alas, it stillprefers to focus its efforts on the physical work to hand. There’snothing wrong with that, unless you are a shareholder wondering why thestock price is looking unloved.
This summer should see theswitch from costly diesel to much cheaper heavy fuel oil after thecompany US$35 million in 2007 for a new power plant. That developmentwill be followed by the addition of a third dredge at the Sierra Rutileproject, adding 40,000 tonnes to its production capacity. Rutileproduction will double during the year to 240,000 tonnes, with thisyear’s output already pre-sold, saving 20,000 tonnes set aside tosatisfy spot market demand. “Everything is in good shape, but the costswon’t start to come down until later in the year,” says Arbuthnotanalyst John McGloin, house broker and one of the few long-termadvocates of Titanium Resources. Financial results for 2007 due to bepublished in late April may still show the business to be loss making,but will offer investors a vital insight into how the recovery isprogressing.
Fellow mineral sands producer KenmareResources has experienced its own share of production problems butTitanium Resources has the edge over its rival through having a premiumproduct. “Titanium Resources is one of the world’s largest producers ofnatural rutile, whereas Kenmaremostly has ilmenite with zircon as a sweetener,’ says Mr McGloin.Rutile is mainly used as pigment for paints, paper and plastics, butthere is growing demand for it as a titanium metal, particularly forwelding rods, which comes from finer grade produce. “Titanium Resourcesis well placed as it has a much higher quality product than Kenmare,” adds Mr McGloin.
Thisis where the Chinese come in. Asia is desperately seeking titanium forindustrial use. Chinese mining firm Jinchuan took a 20 per cent stakein minerals sands group Tiomin last year to gain access to a richtitanium deposit in Kenya. But that relationship soured when Tiomin’sproject was placed under force majeure because of environmental issues.It’s understood that Jinchuan and several other Chinese groups thenheld talks with Titanium Resources with a view to taking a stake in thebusiness, and ultimately securing its offtake.
At roughly thesame time, Jean-Raymond Boulle – the original owner of TitaniumResources – started to offload his majority shareholding, having held48.2 per cent when the company floated on Aim in 2005. The interestedChinese parties are understood to have sniffed around this stake but inan unexpected move, New York-based fund management group Ospraie gothold of it instead, reducing Mr Boulle’s holding to 10 per cent. JohnMcGloin believes the Chinese groups, eager to marry up with TitaniumResources, will now try to negotiate pigment offtake which will then bereprocessed into titanium metal.
While the mining communityawaits progress on that, an update from the company is also longoverdue on exploration activities to extend the mine life of SierraRutile and the development of a concession called Turners’ Peninsular.
Chiefexecutive Len Comerford says he is regularly in London on business, sohe could add promotion to his task list. Even last month, he wasentertaining Sierra Leone officials in the UK Capital. But for theoutside world, it appears that the company will continue to shunpublicity. Relish the opportunity at the forthcoming results to getmore detail on the business as it is unlikely to offer any food forthought before then.
Antwort auf Beitrag Nr.: 33.781.628 von XIO am 01.04.08 19:41:11PS: Artikel ist von
http://www.minesite.com/nc/minews/singlenews/article/titaniu…
http://www.minesite.com/nc/minews/singlenews/article/titaniu…
15 Mio Shares in 2 TRADES
bin mal gespannt auf den nächsten Insider report
bin mal gespannt auf den nächsten Insider report
Antwort auf Beitrag Nr.: 33.792.688 von XIO am 02.04.08 19:55:35Na super!! Waren wohl cross-trades. Ganz grosses Kino, was mit Tio abgeht
Antwort auf Beitrag Nr.: 33.794.189 von jaffa am 02.04.08 22:24:19Ein Kauf über den gleichen Broker.. was soll daran nicht interessant sein?
Jeder Broker bedient seine Clienten, und wenn 2 beim gleichen sind, dann ist es halt ein Cross.
@ Jaffa:
Tiomins Projekt ist in Kenia seit 2007 auf HALT gestellt, sowas weiss man bevor man investiert und darauf beruht die Spekulation.
Das ist kein normaler Wert, also was soll die penetrante Jammerei???
Jeder Broker bedient seine Clienten, und wenn 2 beim gleichen sind, dann ist es halt ein Cross.
@ Jaffa:
Tiomins Projekt ist in Kenia seit 2007 auf HALT gestellt, sowas weiss man bevor man investiert und darauf beruht die Spekulation.
Das ist kein normaler Wert, also was soll die penetrante Jammerei???
Votorantim raises offer to up stake in Peru`s Milpo
Brazilian conglomerate Votorantim said on Wednesday it will raiseits offer by 16% to increase its stake in Peruvian miner Milpo , in a bid to control the local company.
Votorantim said it will pay up to US$490 million, or US$3.33 ashare, up from its first offer of US$422 million, or US$2.87 a share.If the offer is successful, Votorantim would own 51% of Milpo`scirculating shares, giving it effective control of the company.
"Fitch Ratings` lifting of Peru to investment grade and there-evaluation of the sol (Peru`s currency) against the dollar wereamong the key factors considered when deciding to make a new offer,"Flavio Donatelli, head of finance and administration, said in astatement.
Votorantim, the world`s third-largest zinc producer, already owns24.88% of Milpo`s shares in circulation. It previously said it has aletter of credit from JPMorgan to cover the purchase offer for 26.12%of shares in the market.
Last week, Milpo sent a letter to Peru`s securities regulator sayingVotorantim`s takeover offer undervalued its share price and urged itsshareholders to evaluate its plans and performance before deciding toparticipate in the public offer.
Votorantim has mining and metals operations throughout Latin Americaand, like other companies, is working to consolidate its holdings inthe sector, helped by high global prices for metals.
On Wednesday, shares of Milpo closed at 9.35 soles on Lima`s stockexchange, up some 34% since the takeover offer was first made. Peru isthe world`s second-largest producer of zinc and copper.
(Reuters, April 10)
http://www.mining-journal.com/Breaking_News.aspx?breaking_ne…
Brazilian conglomerate Votorantim said on Wednesday it will raiseits offer by 16% to increase its stake in Peruvian miner Milpo , in a bid to control the local company.
Votorantim said it will pay up to US$490 million, or US$3.33 ashare, up from its first offer of US$422 million, or US$2.87 a share.If the offer is successful, Votorantim would own 51% of Milpo`scirculating shares, giving it effective control of the company.
"Fitch Ratings` lifting of Peru to investment grade and there-evaluation of the sol (Peru`s currency) against the dollar wereamong the key factors considered when deciding to make a new offer,"Flavio Donatelli, head of finance and administration, said in astatement.
Votorantim, the world`s third-largest zinc producer, already owns24.88% of Milpo`s shares in circulation. It previously said it has aletter of credit from JPMorgan to cover the purchase offer for 26.12%of shares in the market.
Last week, Milpo sent a letter to Peru`s securities regulator sayingVotorantim`s takeover offer undervalued its share price and urged itsshareholders to evaluate its plans and performance before deciding toparticipate in the public offer.
Votorantim has mining and metals operations throughout Latin Americaand, like other companies, is working to consolidate its holdings inthe sector, helped by high global prices for metals.
On Wednesday, shares of Milpo closed at 9.35 soles on Lima`s stockexchange, up some 34% since the takeover offer was first made. Peru isthe world`s second-largest producer of zinc and copper.
(Reuters, April 10)
http://www.mining-journal.com/Breaking_News.aspx?breaking_ne…
Vielleicht bewirken die neue Regierung in Kenia einen positiven Effekt auf den arg gebeutelten Tiomin Kurs.
Dies wird aber auch wieder seine Zeit brauchen, bis die das Mineral Sand Projekt legal absegnen, denn das Kabinett wird erst mal selbst genug mit sich zu tun haben.
Aber immerhin, ein wichtiger Schritt zu Normalität für Kenia.
13. April 2008, 16:00 Uhr
Kenia
Kibaki ernennt Odinga zum Ministerpräsidenten
Kenias Präsident Mwai Kibaki (l) und Oppositionsführer Raila Odinga
http://www.welt.de/politik/article1897691/Kibaki_ernennt_Odi…
Dies wird aber auch wieder seine Zeit brauchen, bis die das Mineral Sand Projekt legal absegnen, denn das Kabinett wird erst mal selbst genug mit sich zu tun haben.
Aber immerhin, ein wichtiger Schritt zu Normalität für Kenia.
13. April 2008, 16:00 Uhr
Kenia
Kibaki ernennt Odinga zum Ministerpräsidenten
Kenias Präsident Mwai Kibaki (l) und Oppositionsführer Raila Odinga
http://www.welt.de/politik/article1897691/Kibaki_ernennt_Odi…
Bin seit heute mit über 110'000 Anteilen dabei.
Wir stehen fast am Allzeittief. Wird Zeit, dass es wieder Richtung Norden geht, auch wenn ich keine allzu grosse Erwartungen habe.
Wir stehen fast am Allzeittief. Wird Zeit, dass es wieder Richtung Norden geht, auch wenn ich keine allzu grosse Erwartungen habe.
Entnommen von einem anderen Forum:
Zitat 1:
"This is the ESTIMATED value for the minerals in the ground based on todays average prices and the proven and probable reserves listed on their website.
330000 tonnes of ilmenite @ $130/ton est.
75000 tonnes of rutile @ $600/ton est.
40000 tonnes of zircon @ $800/ton est.
...hypothetically speaking."
Zitat 2:
"hi, i did look at their website..i did find out more info...
the resource amounts that u posted are for every year of drilling for the first 6 years with a 11 year mine life,,,
so the resource is worth around 2 billion dollars after mine costs n all that..taken out.... + the copper deposit is worth another 250 million + gold and silver ounces that they have could add another 50 million or more...
with almost 500 million shares outstanding u can put a ball park figure on the stock value at 2 $ a share eventually once production starts....the company could be sold for a minimun 50 c a share on a takeover....
i think its a screeching buy here at 6 c....prolly pick up 200000 share tomorrow at this prices..looks like a easy double on kenyan news...which is happening soon by the way...."
Klingt vielversprechend, auch wenn es sich nur um Schätzungen anderer User handelt.
Zitat 1:
"This is the ESTIMATED value for the minerals in the ground based on todays average prices and the proven and probable reserves listed on their website.
330000 tonnes of ilmenite @ $130/ton est.
75000 tonnes of rutile @ $600/ton est.
40000 tonnes of zircon @ $800/ton est.
...hypothetically speaking."
Zitat 2:
"hi, i did look at their website..i did find out more info...
the resource amounts that u posted are for every year of drilling for the first 6 years with a 11 year mine life,,,
so the resource is worth around 2 billion dollars after mine costs n all that..taken out.... + the copper deposit is worth another 250 million + gold and silver ounces that they have could add another 50 million or more...
with almost 500 million shares outstanding u can put a ball park figure on the stock value at 2 $ a share eventually once production starts....the company could be sold for a minimun 50 c a share on a takeover....
i think its a screeching buy here at 6 c....prolly pick up 200000 share tomorrow at this prices..looks like a easy double on kenyan news...which is happening soon by the way...."
Klingt vielversprechend, auch wenn es sich nur um Schätzungen anderer User handelt.
Antwort auf Beitrag Nr.: 34.006.774 von PaulNo111 am 30.04.08 22:00:01Willkommen im kleinen Tiomin Club, wo es kaum einen Investor gibt mit Gewinnen aber mit unendlich viel Geduld.
Hoffe auch, dass es endlich mal den lang erhofften Ausbruch gibt, aber das Kwale Projekt in Verbindung mit der instabilen Lage in Kenya - all das zieht sich in die Länge.
Heute war zusammen mit einem schwachen DJ auch TIO zu einem Allzeittief gekommen mit hohem Volumen und ausgeglichenem Kauf-Verkaufsverhältnis von 2:2 Millionen.
Wäre eine Kaufgelegenheit für Mutige und Geduldige.
Frage mich, wer da zu diesen Kursen verkauft.
1 Monat chart
Hoffe auch, dass es endlich mal den lang erhofften Ausbruch gibt, aber das Kwale Projekt in Verbindung mit der instabilen Lage in Kenya - all das zieht sich in die Länge.
Heute war zusammen mit einem schwachen DJ auch TIO zu einem Allzeittief gekommen mit hohem Volumen und ausgeglichenem Kauf-Verkaufsverhältnis von 2:2 Millionen.
Wäre eine Kaufgelegenheit für Mutige und Geduldige.
Frage mich, wer da zu diesen Kursen verkauft.
1 Monat chart
Aktie liegt momentan bei CAD 0.055. Ich frage mich natürlich ob es noch weiter runter gehen wird. Zurzeit gibt's auch keinerlei News zu Tiomin. Scheint wohl wirklich was für sehr Geduldige zu sein, obwohl ich mir persönlich jetzt doch ziemlich schnell wieder einen Kursanstieg erhofft habe, nach dem die Aktie innerhalb eines Monats 0.02 cents verloren hat.
Kurz vor Handelsschluss auf 6 cents rauf.
Immerhin ein kleiner Hoffnungsschimmer...
Immerhin ein kleiner Hoffnungsschimmer...
May 12, 2008
Tiomin Resources is pleased to announce that it has acquired a 49% interest in the 5,000 hectare (12,400 acre) Pukaqaqa Sur property, which is contiguous to Tiomin's existing resource at the Pukaqaqa Norte copper-gold project, located in central Peru. Tiomin and its 51% partner, Compania Minera Milpo S.A. ('Milpo'), plan to explore the new property in 2008/9.
Bob Jackson, Tiomin CEO, said "We enjoy a close working relationship with Milpo and will use our strong cash position to finance our share of the costs at Pukaqaqa".
In Kenya, the Kwale Titanium Project ('Kwale') remains in Force Majeure while the Government of Kenya ('GoK') completes the remaining conditions likely to be required by lenders. Tiomin is confident that Kwale can ultimately be developed but notes that bureaucratic processes are unpredictable and often take longer than expected.
Mr. Jackson commented "Kwale was financed and ready to start construction in 2006 but the GoK bureaucracy was not ready, which ultimately prevented Tiomin from accessing the debt. Kenya has calmed down since the election-related troubles and the GoK is making progress with its tasks. However, our prior experience means that we will not attempt to restart Kwale until the GoK meets all the lenders' previous conditions. In the meantime, we have slashed our costs in Kenya while we wait for the GoK and appointed Joyce Misoi, who formerly managed Tiomin's investor relations, to advise on political developments in Kenya. Various parties have approached us about Kwale and our options include another attempt at building Kwale ourselves, a partial sale and an outright sale. Each alternative has risks and advantages and we continue to evaluate our choices."
http://biz.yahoo.com/ccn/080512/200805120461097001.html?.v=1
Tiomin Resources is pleased to announce that it has acquired a 49% interest in the 5,000 hectare (12,400 acre) Pukaqaqa Sur property, which is contiguous to Tiomin's existing resource at the Pukaqaqa Norte copper-gold project, located in central Peru. Tiomin and its 51% partner, Compania Minera Milpo S.A. ('Milpo'), plan to explore the new property in 2008/9.
Bob Jackson, Tiomin CEO, said "We enjoy a close working relationship with Milpo and will use our strong cash position to finance our share of the costs at Pukaqaqa".
In Kenya, the Kwale Titanium Project ('Kwale') remains in Force Majeure while the Government of Kenya ('GoK') completes the remaining conditions likely to be required by lenders. Tiomin is confident that Kwale can ultimately be developed but notes that bureaucratic processes are unpredictable and often take longer than expected.
Mr. Jackson commented "Kwale was financed and ready to start construction in 2006 but the GoK bureaucracy was not ready, which ultimately prevented Tiomin from accessing the debt. Kenya has calmed down since the election-related troubles and the GoK is making progress with its tasks. However, our prior experience means that we will not attempt to restart Kwale until the GoK meets all the lenders' previous conditions. In the meantime, we have slashed our costs in Kenya while we wait for the GoK and appointed Joyce Misoi, who formerly managed Tiomin's investor relations, to advise on political developments in Kenya. Various parties have approached us about Kwale and our options include another attempt at building Kwale ourselves, a partial sale and an outright sale. Each alternative has risks and advantages and we continue to evaluate our choices."
http://biz.yahoo.com/ccn/080512/200805120461097001.html?.v=1
Tiomin Adds Exploration Land In Peru And Updates Status In Kenya
=======================================================================
TORONTO - May 12, 2008: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) is pleased to announce that it has acquired a 49%
interest in the 5,000 hectare (12,400 acre) Pukaqaqa Sur property,
which is contiguous to Tiomin's existing resource at the Pukaqaqa Norte
copper-gold project, located in central Peru. Tiomin and its 51%
partner, Compañia Minera Milpo S.A. ('Milpo'), plan to explore the new
property in 2008/9.
Bob Jackson, Tiomin CEO, said "We enjoy a close working relationship
with Milpo and will use our strong cash position to finance our share
of the costs at Pukaqaqa".
In Kenya, the Kwale Titanium Project ('Kwale') remains in Force Majeure
while the Government of Kenya ('GoK') completes the remaining
conditions likely to be required by lenders. Tiomin is confident that
Kwale can ultimately be developed but notes that bureaucratic processes
are unpredictable and often take longer than expected.
Mr. Jackson commented "Kwale was financed and ready to start
construction in 2006 but the GoK bureaucracy was not ready, which
ultimately prevented Tiomin from accessing the debt. Kenya has calmed
down since the election-related troubles and the GoK is making progress
with its tasks. However, our prior experience means that we will not
attempt to restart Kwale until the GoK meets all the lenders' previous
conditions. In the meantime, we have slashed our costs in Kenya while
we wait for the GoK and appointed Joyce Misoi, who formerly managed
Tiomin's investor relations, to advise on political developments in
Kenya. Various parties have approached us about Kwale and our options
include another attempt at building Kwale ourselves, a partial sale and
an outright sale. Each alternative has risks and advantages and we
continue to evaluate our choices".
For further information please contact (416) 350 3779 or visit
www.tiomin.com:
Jean-Charles Potvin Robert Jackson Jim O'Neill
Executive Chairman President & CEO Corporate Controller
Investor Relations
joneill@tiomin.com
Nicht die News, die man erwartet hat - aber immerhin, es geht heute mal aufwärts, das ist ja schon mal was.
May 28, 2008 14:54 ET
Tiomin Announces Proposed Acquisition of Radiant Resources Inc.
TORONTO, CANADA--(Marketwire - May 28, 2008) - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX:TIO) and Radiant Resources Inc. ('Radiant') (TSX VENTURE:RRS) are pleased to announce that they have entered into a binding letter of intent ('LOI') pursuant to which Tiomin will acquire all of the outstanding securities of Radiant in exchange for securities of Tiomin (the 'Transaction'). Also, Tiomin has agreed to lend Radiant CDN$500,000 to begin green]Anstieg um 16,7 %
drilling its Sarsuke property in the Altay Shan region of northwestern China.[/green]
Rationale for the Transaction
Tiomin has cash and seeks good quality exploration properties. Radiant must raise funds in a challenging market to finance its portfolio of exploration properties.
Radiant's properties are in northwestern China, in an area with a known history of mining activity. Recent geophysics by Radiant indicates that the key Sarsuke property is a highly prospective base metal exploration target. It is 5km from the Ashele Mine ('Ashele'), a large underground producer of massive copper-zinc sulphides, which are known to occur in regional clusters. Ashele is the only major copper-zinc discovery in the immediate region, which is a statistical anomaly. In addition, the area around Sarsuke and Ashele is under-explored and will benefit from using up-to-date exploration methodology. Radiant's competent team in China provides a strong platform for acquiring and developing a minerals exploration portfolio that could realize synergistic benefits with Tiomin's largest shareholder, Jinchuan Group Limited ('Jinchuan'), one of China's largest mining companies.
Highlights of the Transaction
Under the terms of the proposed Transaction, holders of securities of Radiant will receive one common share, common share purchase warrant or option, as appropriate, of Tiomin in exchange for each common share, common share purchase warrant or option, as the case may be, of Radiant. The proposed Transaction is expected to be effected by way of a three-cornered amalgamation, whereby a wholly-owned subsidiary of Tiomin will amalgamate with Radiant and, upon completion of the transaction, the resulting corporation will be a wholly-owned subsidiary of Tiomin and will continue to carry out the business of Radiant. The common shares of Radiant will be de-listed from the TSX Venture Exchange ('TSX-V') upon closing of the Transaction.
Completion of the Transaction is subject to a number of conditions, including, but not limited to, the negotiation and execution of a definitive agreement, the receipt of all required approvals, including the approvals of the Toronto Stock Exchange, the TSX-V and Radiant's shareholders at a meeting to be held as soon as practicable (but before October 1, 2008). There can be no assurance that the Transaction will be completed as proposed or at all.
Each party will pay its own costs and expenses (including all legal, accounting and financial advisory fees and expenses) in connection with the Transaction, including expenses related to the preparation, execution and delivery of the LOI, the definitive agreement and such other required documents, provided, however, that if the required approval of Radiant's shareholders to the Transaction is not obtained, Radiant is required to pay Tiomin's expenses and costs related to the Transaction in an amount not to exceed CDN$250,000. In addition, each party has agreed to pay the other a break fee of CDN$500,000 in certain circumstances if the Transaction is not completed.
Certain major shareholders, directors and officers (and their affiliates) of Radiant holding an aggregate of approximately 40% of Radiant's outstanding common shares have entered into voting and standstill agreements in connection with the Transaction.
If holders of more than 5% of the outstanding common shares of Radiant exercise any right to dissent in connection with the Transaction, Tiomin at its discretion may terminate the LOI resulting in the obligations of Radiant to pay to Tiomin a break fee of CDN$500,000, immediately repay the $500,000 loan plus accrued interest and pay all of Tiomin's costs associated with the Transaction.
As at May 27, 2008, the outstanding share capital of Radiant was 30,044,985 common shares on an undiluted basis, and 41,588,348 calculated on a fully diluted basis. Tiomin currently holds 1,146,353 common shares of Radiant. An aggregate of 445,365,168 Tiomin common shares are issued and outstanding as at the date of this news release.
Bridge Loan
Tiomin will make a CDN$500,000 loan to Radiant maturing on October 1, 2008. Interest on the loan is 15% per year and is payable upon maturity. The loan is secured against all of the personal property of Radiant, including a pledge of the shares of Alliance Pacific Resources Corporation ("APR"), Radiant's wholly-owned subsidiary. Radiant will use the proceeds of the loan for exploration expenses on its Sarsuke property. Radiant will grant to Tiomin non-transferable warrants to purchase up to 1,666,666 common shares of Radiant at an exercise price equal to the last closing price immediately before closing of the loan. Each warrant will be exercisable for a period of two years (subject to earlier acceleration or cancellation under the policies of the TSX-V). The warrants and the common shares issuable upon the exercise of the warrants are subject to a four-month hold period.
The loan and the issuance of the warrants have been conditionally accepted by the TSX-V and remain subject to its final acceptance.
The warrants and shares of Radiant issued in connection with the loan and the securities of Tiomin to be issued in connection with the Transaction will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons except in certain transactions exempt from the registration requirements of such Act. This news release does not constitute an offer or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan owns 20% of Tiomin.
Tiomin has three main assets: $26.2 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and a 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its assets in Peru or Kenya. Tiomin is working to optimize the value of Pukaqaqa and Kwale and to acquire, or invest in, other prospective exploration properties.
Tiomin and its 51% partner at Pukaqaqa, Compania Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently acquired a neighbouring exploration property. Tiomin and Milpo plan an extensive exploration program in 2008/9 aimed at increasing the resources.
In Kenya, Kwale remains in Force Majeure while the Government of Kenya completes the remaining conditions likely to be required by lenders to Kwale. Tiomin is confident that Kwale can ultimately be developed but notes that bureaucratic processes are unpredictable and often take longer than expected. Tiomin may develop, sell part or sell all of Kwale.
Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company focused on exploration in sub-Saharan Africa.
About Radiant Resources Inc.
Radiant is a base metals and gold exploration company focused on the Altay Shan mineral belt in Xinjiang, China. Radiant is in partnership with Baodi, which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources Corporation ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
Sarsuke, the key property, is close to Ashele, which is a Volcanic Massive Sulfide ('VMS') type mine. This mine is reported in China to contain 36 million tonnes grading 2.43% Cu, 1.08% Zn and 0.45 g/t Au. In other locations around the world, VMS mines are found to occur in clusters. Examples are the South Urals region of Russia, the Iberian Pyrite Belt in Spain and Portugal, the Bathurst and Noranda areas of Canada and the Rudny Altay region of Kazakhstan and Russia. Radiant's personnel and consultants have significant expertise in exploring VMS deposits.
Radiant recognizes that the combination of the Tiomin's assets with the Radiant's assets allows the shareholders of Radiant to be involved in an energetic company with an aggressive growth strategy, wide geographic exposure and a diversified development portfolio.
To find out more about Tiomin Resources Inc. and Radiant Resources Inc., please visit the websites at www.tiomin.com and www.radiantres.com.
Jean-Charles Potvin, Chairman of the Board of Directors
Robert Jackson, President and Chief Executive Officer
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE
http://www.marketwire.com/mw/release.do?id=861953&sourceType…
Anstieg um 16,7 % auf 0,07 C$
May 28, 2008 14:54 ET
Tiomin Announces Proposed Acquisition of Radiant Resources Inc.
TORONTO, CANADA--(Marketwire - May 28, 2008) - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX:TIO) and Radiant Resources Inc. ('Radiant') (TSX VENTURE:RRS) are pleased to announce that they have entered into a binding letter of intent ('LOI') pursuant to which Tiomin will acquire all of the outstanding securities of Radiant in exchange for securities of Tiomin (the 'Transaction'). Also, Tiomin has agreed to lend Radiant CDN$500,000 to begin green]Anstieg um 16,7 %
drilling its Sarsuke property in the Altay Shan region of northwestern China.[/green]
Rationale for the Transaction
Tiomin has cash and seeks good quality exploration properties. Radiant must raise funds in a challenging market to finance its portfolio of exploration properties.
Radiant's properties are in northwestern China, in an area with a known history of mining activity. Recent geophysics by Radiant indicates that the key Sarsuke property is a highly prospective base metal exploration target. It is 5km from the Ashele Mine ('Ashele'), a large underground producer of massive copper-zinc sulphides, which are known to occur in regional clusters. Ashele is the only major copper-zinc discovery in the immediate region, which is a statistical anomaly. In addition, the area around Sarsuke and Ashele is under-explored and will benefit from using up-to-date exploration methodology. Radiant's competent team in China provides a strong platform for acquiring and developing a minerals exploration portfolio that could realize synergistic benefits with Tiomin's largest shareholder, Jinchuan Group Limited ('Jinchuan'), one of China's largest mining companies.
Highlights of the Transaction
Under the terms of the proposed Transaction, holders of securities of Radiant will receive one common share, common share purchase warrant or option, as appropriate, of Tiomin in exchange for each common share, common share purchase warrant or option, as the case may be, of Radiant. The proposed Transaction is expected to be effected by way of a three-cornered amalgamation, whereby a wholly-owned subsidiary of Tiomin will amalgamate with Radiant and, upon completion of the transaction, the resulting corporation will be a wholly-owned subsidiary of Tiomin and will continue to carry out the business of Radiant. The common shares of Radiant will be de-listed from the TSX Venture Exchange ('TSX-V') upon closing of the Transaction.
Completion of the Transaction is subject to a number of conditions, including, but not limited to, the negotiation and execution of a definitive agreement, the receipt of all required approvals, including the approvals of the Toronto Stock Exchange, the TSX-V and Radiant's shareholders at a meeting to be held as soon as practicable (but before October 1, 2008). There can be no assurance that the Transaction will be completed as proposed or at all.
Each party will pay its own costs and expenses (including all legal, accounting and financial advisory fees and expenses) in connection with the Transaction, including expenses related to the preparation, execution and delivery of the LOI, the definitive agreement and such other required documents, provided, however, that if the required approval of Radiant's shareholders to the Transaction is not obtained, Radiant is required to pay Tiomin's expenses and costs related to the Transaction in an amount not to exceed CDN$250,000. In addition, each party has agreed to pay the other a break fee of CDN$500,000 in certain circumstances if the Transaction is not completed.
Certain major shareholders, directors and officers (and their affiliates) of Radiant holding an aggregate of approximately 40% of Radiant's outstanding common shares have entered into voting and standstill agreements in connection with the Transaction.
If holders of more than 5% of the outstanding common shares of Radiant exercise any right to dissent in connection with the Transaction, Tiomin at its discretion may terminate the LOI resulting in the obligations of Radiant to pay to Tiomin a break fee of CDN$500,000, immediately repay the $500,000 loan plus accrued interest and pay all of Tiomin's costs associated with the Transaction.
As at May 27, 2008, the outstanding share capital of Radiant was 30,044,985 common shares on an undiluted basis, and 41,588,348 calculated on a fully diluted basis. Tiomin currently holds 1,146,353 common shares of Radiant. An aggregate of 445,365,168 Tiomin common shares are issued and outstanding as at the date of this news release.
Bridge Loan
Tiomin will make a CDN$500,000 loan to Radiant maturing on October 1, 2008. Interest on the loan is 15% per year and is payable upon maturity. The loan is secured against all of the personal property of Radiant, including a pledge of the shares of Alliance Pacific Resources Corporation ("APR"), Radiant's wholly-owned subsidiary. Radiant will use the proceeds of the loan for exploration expenses on its Sarsuke property. Radiant will grant to Tiomin non-transferable warrants to purchase up to 1,666,666 common shares of Radiant at an exercise price equal to the last closing price immediately before closing of the loan. Each warrant will be exercisable for a period of two years (subject to earlier acceleration or cancellation under the policies of the TSX-V). The warrants and the common shares issuable upon the exercise of the warrants are subject to a four-month hold period.
The loan and the issuance of the warrants have been conditionally accepted by the TSX-V and remain subject to its final acceptance.
The warrants and shares of Radiant issued in connection with the loan and the securities of Tiomin to be issued in connection with the Transaction will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons except in certain transactions exempt from the registration requirements of such Act. This news release does not constitute an offer or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan owns 20% of Tiomin.
Tiomin has three main assets: $26.2 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and a 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its assets in Peru or Kenya. Tiomin is working to optimize the value of Pukaqaqa and Kwale and to acquire, or invest in, other prospective exploration properties.
Tiomin and its 51% partner at Pukaqaqa, Compania Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently acquired a neighbouring exploration property. Tiomin and Milpo plan an extensive exploration program in 2008/9 aimed at increasing the resources.
In Kenya, Kwale remains in Force Majeure while the Government of Kenya completes the remaining conditions likely to be required by lenders to Kwale. Tiomin is confident that Kwale can ultimately be developed but notes that bureaucratic processes are unpredictable and often take longer than expected. Tiomin may develop, sell part or sell all of Kwale.
Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company focused on exploration in sub-Saharan Africa.
About Radiant Resources Inc.
Radiant is a base metals and gold exploration company focused on the Altay Shan mineral belt in Xinjiang, China. Radiant is in partnership with Baodi, which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources Corporation ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
Sarsuke, the key property, is close to Ashele, which is a Volcanic Massive Sulfide ('VMS') type mine. This mine is reported in China to contain 36 million tonnes grading 2.43% Cu, 1.08% Zn and 0.45 g/t Au. In other locations around the world, VMS mines are found to occur in clusters. Examples are the South Urals region of Russia, the Iberian Pyrite Belt in Spain and Portugal, the Bathurst and Noranda areas of Canada and the Rudny Altay region of Kazakhstan and Russia. Radiant's personnel and consultants have significant expertise in exploring VMS deposits.
Radiant recognizes that the combination of the Tiomin's assets with the Radiant's assets allows the shareholders of Radiant to be involved in an energetic company with an aggressive growth strategy, wide geographic exposure and a diversified development portfolio.
To find out more about Tiomin Resources Inc. and Radiant Resources Inc., please visit the websites at www.tiomin.com and www.radiantres.com.
Jean-Charles Potvin, Chairman of the Board of Directors
Robert Jackson, President and Chief Executive Officer
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE
http://www.marketwire.com/mw/release.do?id=861953&sourceType…
Anstieg um 16,7 % auf 0,07 C$
na, wird schon noch werden....
aber für Kenia braucht`s wohl noch etwas Geduld
aber für Kenia braucht`s wohl noch etwas Geduld
website von Radiant Resources
http://www.radiantres.com/
erste Meinung aus dem Stockhouse bullboard Forum:
The proposed acquisition suggests they're either extremely confident about their projects in the pipeline or they're just crazy. The market reaction is interesting. Looks like Radiant fell hard while Tiomin had a nice rise.
link NEWS:
http://ca.news.finance.yahoo.com/s/28052008/28/link-finance-…
http://www.radiantres.com/
erste Meinung aus dem Stockhouse bullboard Forum:
The proposed acquisition suggests they're either extremely confident about their projects in the pipeline or they're just crazy. The market reaction is interesting. Looks like Radiant fell hard while Tiomin had a nice rise.
link NEWS:
http://ca.news.finance.yahoo.com/s/28052008/28/link-finance-…
Antwort auf Beitrag Nr.: 34.191.685 von jensdab am 28.05.08 22:40:14auf jeden fall sehen die china projekte nocht verkehrt aus, ein VMS (Volcanic Massive Sulphide) Deposit bei Sasuke klingt schon mal gut.
das ganze letzte Jahr nur Käufe!!!
Tiomin AGM Preview von heute!
http://www.tiomin.com/i/pdf/AGMJune232008.pdf
ab Seite 3 sollte man sich mal in Ruhe reinziehen!!!
http://www.tiomin.com/i/pdf/AGMJune232008.pdf
ab Seite 3 sollte man sich mal in Ruhe reinziehen!!!
Antwort auf Beitrag Nr.: 34.363.573 von XIO am 24.06.08 16:15:54Danke für das Hereinstellen der Präsentation.
Das lässt ein wenig Hoffnung aufkommen.
Tiomin has:
– Cash
– An excellent copper asset
– Potential for a deal in Kenya
– Good exploration portfolio
– Experienced management
• Any reasonable analysis says that Tiomin is
fundamentally undervalued
• ‘Value comes out in the end end’
TIO chart von StockCharts:
TIO.TO eingeben voreingestellt: indu
http://stockcharts.com/h-sc/ui
http://stockcharts.com/c-sc/sc?s=TIO.TO&p=D&b=5&g=0&i=t46769…
Das lässt ein wenig Hoffnung aufkommen.
Tiomin has:
– Cash
– An excellent copper asset
– Potential for a deal in Kenya
– Good exploration portfolio
– Experienced management
• Any reasonable analysis says that Tiomin is
fundamentally undervalued
• ‘Value comes out in the end end’
TIO chart von StockCharts:
TIO.TO eingeben voreingestellt: indu
http://stockcharts.com/h-sc/ui
http://stockcharts.com/c-sc/sc?s=TIO.TO&p=D&b=5&g=0&i=t46769…
Hallo zusammen,
bin neu hier, aber schon länger in Tiomin investiert - habe leider diesen 'thread' erst jetzt gefunden, diesen aber sehr aufmerksam studiert.
Vergleichbar zur Aktienkursentwicklung ist die Aktivität ja hier eher spärlich, aber das ist ja auch kaum verwunderlich.
Bei meiner Lektüre des 'threads' sind mir natürlich auch die unzähligen Insider-trades aufgefallen, und ich habe mir dabei die Frage gestellt - hat sich eigentlich mal jemand von Euch die Mühe gemacht aufzuaddieren, wer von denen nun eigentlich wieviele shares hält?
Ich stelle einfach mal folgende These zur Diskussion:
Könnte es nicht sein, dass diese Insider hier als Strohmänner für die Chinesen fungieren? Selbst wenn diese Insider ihre shares zum Doppelten ihres Einstands an die Chinesen abgeben würden, bekämen diese die shares noch um Etliches billiger als zu ihrem Options-Einstand von CAD 0,35$!
Wäre sehr interessiert, mal Eure Meinung zu dieser - sicher sehr spekulativen - These zu hören.
Bis bald.
k_traveller
bin neu hier, aber schon länger in Tiomin investiert - habe leider diesen 'thread' erst jetzt gefunden, diesen aber sehr aufmerksam studiert.
Vergleichbar zur Aktienkursentwicklung ist die Aktivität ja hier eher spärlich, aber das ist ja auch kaum verwunderlich.
Bei meiner Lektüre des 'threads' sind mir natürlich auch die unzähligen Insider-trades aufgefallen, und ich habe mir dabei die Frage gestellt - hat sich eigentlich mal jemand von Euch die Mühe gemacht aufzuaddieren, wer von denen nun eigentlich wieviele shares hält?
Ich stelle einfach mal folgende These zur Diskussion:
Könnte es nicht sein, dass diese Insider hier als Strohmänner für die Chinesen fungieren? Selbst wenn diese Insider ihre shares zum Doppelten ihres Einstands an die Chinesen abgeben würden, bekämen diese die shares noch um Etliches billiger als zu ihrem Options-Einstand von CAD 0,35$!
Wäre sehr interessiert, mal Eure Meinung zu dieser - sicher sehr spekulativen - These zu hören.
Bis bald.
k_traveller
Antwort auf Beitrag Nr.: 34.367.802 von k_traveller am 25.06.08 00:05:46das geht mir auch manchmal durch den Kopf
hier nochmal die letzten insider Trades für Tiomin:
hier nochmal die letzten insider Trades für Tiomin:
Antwort auf Beitrag Nr.: 34.368.063 von XIO am 25.06.08 05:29:51Hallo,
und danke für das Hereinstellen der Präsentation - habe sie mir am WE mal in aller Ruhe angeschaut - und bin da leider nicht so optimistisch wie jensdab; die letzte Seite klingt mir eher so wie das Pfeifen des kleinen Jungen im dunklen Keller!
Was haben wir denn da im einzelnen? Ausser Minderheitsbeteiligungen (Peru und Kivu) nur ein Angebot (Radiant) und das Hauptasset in Kwale/Kenya.
Und wie werden diese präsentiert? Massig Information zu Peru, die allerdings für den Laien überhaupt nichts sagen - entsprechende Aufnahmen von der Mondoberfläche haben etwa denselben Informationswert!
Und welche Aussagen gibt es zum wesentlichen Asset (Kwale)?
Etwa folgende:
- Conclude story, divest part or all of Kwale (S. 4)
- Resolve Kenya (S. 6)
- Acquire/divest assets
Everything is for sale at the right price (S. 6)
- Jinchuan is the key, facilitates GoK relations (S.30)
Höre ich hier das Gras wachsen oder ist das ein Eingeständnis des Managements, dass sie Kwale nicht auf die Reihe kriegen, möglicherweise gar kein Interesse mehr daran haben?
Die vorgenannten sind nur die Kernaussagen zu diesem Thema, bei genauem Hinschauen könnte man noch die eine oder andere Feinheit finden.
Muss gestehen, dass mich das Ganze nicht sehr optimistisch stimmt, aber bleibe trotzdem investiert - die Hoffnung stirbt bekanntlich zuletzt - wie ist Euere Meinung?
Gruß
k_traveller
und danke für das Hereinstellen der Präsentation - habe sie mir am WE mal in aller Ruhe angeschaut - und bin da leider nicht so optimistisch wie jensdab; die letzte Seite klingt mir eher so wie das Pfeifen des kleinen Jungen im dunklen Keller!
Was haben wir denn da im einzelnen? Ausser Minderheitsbeteiligungen (Peru und Kivu) nur ein Angebot (Radiant) und das Hauptasset in Kwale/Kenya.
Und wie werden diese präsentiert? Massig Information zu Peru, die allerdings für den Laien überhaupt nichts sagen - entsprechende Aufnahmen von der Mondoberfläche haben etwa denselben Informationswert!
Und welche Aussagen gibt es zum wesentlichen Asset (Kwale)?
Etwa folgende:
- Conclude story, divest part or all of Kwale (S. 4)
- Resolve Kenya (S. 6)
- Acquire/divest assets
Everything is for sale at the right price (S. 6)
- Jinchuan is the key, facilitates GoK relations (S.30)
Höre ich hier das Gras wachsen oder ist das ein Eingeständnis des Managements, dass sie Kwale nicht auf die Reihe kriegen, möglicherweise gar kein Interesse mehr daran haben?
Die vorgenannten sind nur die Kernaussagen zu diesem Thema, bei genauem Hinschauen könnte man noch die eine oder andere Feinheit finden.
Muss gestehen, dass mich das Ganze nicht sehr optimistisch stimmt, aber bleibe trotzdem investiert - die Hoffnung stirbt bekanntlich zuletzt - wie ist Euere Meinung?
Gruß
k_traveller
Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project
Tuesday July 29, 8:00 am ET
www.24hgold.com/viewcompanyarticle.aspx?langue=en&articleid=…
Tuesday July 29, 8:00 am ET
www.24hgold.com/viewcompanyarticle.aspx?langue=en&articleid=…
Tiomin Resources Inc.: Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project
- Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX:TIO) is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Jinchuan Group Limited ('Jinchuan') of the People's Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project').
Jinchuan's investment will entitle it to a 70% interest in TKL and, through its shareholding, the project. Under the terms of the MOU, Jinchuan will procure all financing, on normal commercial terms, to develop Kwale.
The transaction (which is subject to certain conditions, including definitive documentation) is expected to close by no later than November 1, 2008. Rationale for the Transaction Since declaring Force Majeure to the Government of Kenya ('GoK') on December 19, 2006, Tiomin considered various alternatives to finance and develop Kwale.
The proposed transaction optimizes the rate of return to Tiomin's shareholders and restores significant value to an asset that investors have assumed has zero value.
Mr. Robert Jackson, President and CEO of Tiomin, commented 'This transaction is extremely important for Tiomin and removes the cloud of uncertainty that has driven the shares to cash value.
Jinchuan is a very strong partner and we are confident that the project will be underway as soon as possible provided that we close satisfactorily'.
Highlights of the Transaction Under the terms of the MOU, Jinchuan shall provide or arrange on commercially acceptable terms the balance of the financing required by TKL for the construction, development and daily operation of Kwale.
On commencement of commercial production all net cash flow generated by Kwale will be used to repay the outstanding loans provided by Jinchuan. Thereafter net free cash flow will be distributed pro-rata to the shareholders of TKL. Jinchuan will be responsible for the construction, development and management of Kwale and the management of TKL.
In order for Closing to take place on November 1, 2008, certain conditions must be met, including board approval for both companies, a formal valuation of Tiomin's interest in TKL, regulatory approval, Barrick's consent through its subsidiary, Pangea Goldfields, on its 'right of first refusal' on any sale of interest in the four properties held in TKL, the completion of outstanding items by the GoK, definitive agreements between Tiomin, TKL and Jinchuan and Tiomin shareholders' approval.
About Jinchuan Group Limited Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
About Tiomin Resources Inc. Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan, one of China's largest mining companies, owns 20% of Tiomin. Tiomin has three main assets: approximately $24.0 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and a 100% interest in the Kwale titanium project in Kenya.
Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya. Tiomin is also working to optimize the value of its shares by acquiring, or investing in, other prospective exploration properties. Tiomin and its 51% partner at Pukaqaqa, Compania Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently expanded its land position through the acquisition of the Puka Sur property. Tiomin and Milpo plan an extensive exploration program in 2008/9 aimed at increasing the resources.
In Kenya, TKL's obligations under Kwale's mining lease remain subject to Force Majeure while the GoK completes the remaining conditions that will be required by lenders to finance Kwale. Tiomin is confident that with Jinchuan's acquisition of a 70% interest in TKL, the Kwale project will be developed and that the GoK will complete the remaining items to ensure the construction and development of the project.
Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company focused on mineral exploration in sub-Saharan Africa.
Tiomin also expects to complete by October 1, 2008 its previously announced transaction with Radiant Resources Inc. ('Radiant') (TSX VENTURE:RRS). Radiant is a base metals and gold exploration company focused on the Altay Shan mineral belt in Xinjiang Province in northwestern China. Radiant is in partnership with Baodi, which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
To find out more about Tiomin Resources Inc. and Jinchuan Group Ltd., please visit the company websites at www.tiomin.com and www.jnmc.com. Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Antwort auf Beitrag Nr.: 34.606.930 von XIO am 29.07.08 15:57:46Meine Begeisterung hält sich in Grenzen. Einerseits impliziert die Meldung, daß Kwale in Produktion gehen wird (woher die plötzliche Zuversicht? Oder interpretiere ich da zuviel hinein), gleichzeitig verhökert Tiomin 75% des Projektes für - ja, wofür eigentlich? Nach meinem Verständnis profitiert Tiomin (sofern man da noch von profitieren sprechen möchte) erst, wenn bzw falls Kwale die Produktion aufnimmt. Schließlich fließen die 25 Mio TKL zu, an der Tiomin dann nun nur noch 25% hält. M.E. wird hier ein sehr vielversprechendes Asset verschleudert bzw genau genommen verschenkt. Falls ich etwas übersehen oder falsch interpretiert habe, bitte korrigieren.
Antwort auf Beitrag Nr.: 34.607.654 von MFC500 am 29.07.08 17:00:27Dafür hat man eine der bedeutendsten China Mining Companies endlich offiziell mit an Board, und damit dürften zukünftige KWALE-Finanzierungen erheblich besser von statten gehen, als wenn man dies weiter selber versuchen würde (zumal schon erheblich Mittel "verbraten" wurden:
Highlights of the Transaction Under the terms of the MOU, Jinchuan shall provide or arrange on commercially acceptable terms the balance of the financing required by TKL for the construction, development and daily operation of Kwale.
Lieber den Spatz in der Hand, als die Taube auf dem Dach, und 30% von 14% der Welt Titandioxid-Reserve ist immer noch ne ganze Menge!!!
Vor allem der Aspekt, daß TIOs Assets quasi mit 0 Bewertet sind, bietet eine gute Spekulationsbasis:
The proposed transaction optimizes the rate of return to Tiomin's shareholders and restores significant value to an asset that investors have assumed has zero value.
Highlights of the Transaction Under the terms of the MOU, Jinchuan shall provide or arrange on commercially acceptable terms the balance of the financing required by TKL for the construction, development and daily operation of Kwale.
Lieber den Spatz in der Hand, als die Taube auf dem Dach, und 30% von 14% der Welt Titandioxid-Reserve ist immer noch ne ganze Menge!!!
Vor allem der Aspekt, daß TIOs Assets quasi mit 0 Bewertet sind, bietet eine gute Spekulationsbasis:
The proposed transaction optimizes the rate of return to Tiomin's shareholders and restores significant value to an asset that investors have assumed has zero value.
Antwort auf Beitrag Nr.: 34.607.654 von MFC500 am 29.07.08 17:00:27sorry, muß natürlich 70% bzw 30% anstelle von 75% bzw 25% heißen
Antwort auf Beitrag Nr.: 34.607.654 von MFC500 am 29.07.08 17:00:27Ich sehe eher das "Problem", daß wir demnächst einiges an Gewinnmitnahmen der zu ca. 0.055 CAD Investierten zu erwarten haben, da TIOs TSX Umsatz Monatelang fast jeden Tag im Hunderttausender Volumen-Bereich lag.
Dann erst wird sich eine neue "Holder-Gemeinde" bilden.
Dann erst wird sich eine neue "Holder-Gemeinde" bilden.
Antwort auf Beitrag Nr.: 34.607.889 von XIO am 29.07.08 17:25:37An Bord hatte man die Chinesen ja schon länger. Zudem hatte Tiomin die Finanzierung schon einmal selbst auf die Beine gestellt. Das könnte sich heute u.U. schwieriger gestalten, ist aber kein Grund, das Projekt nahezu vollständig zu verschenken.
Vor allem der Aspekt, daß TIOs Assets quasi mit 0 Bewertet sind, bietet eine gute Spekulationsbasis:
Sobald bzw sofern die Rahmenbedingungen für Kwale sich ins Positive geändert hätten (oder möglicherweise schon haben, das wird man noch sehen müssen), wäre ohnehin "significant value" für die Aktionäre entstanden. Was wir jetzt erleben, betrachte ich als teilweise Enteignung.
Vor allem der Aspekt, daß TIOs Assets quasi mit 0 Bewertet sind, bietet eine gute Spekulationsbasis:
Sobald bzw sofern die Rahmenbedingungen für Kwale sich ins Positive geändert hätten (oder möglicherweise schon haben, das wird man noch sehen müssen), wäre ohnehin "significant value" für die Aktionäre entstanden. Was wir jetzt erleben, betrachte ich als teilweise Enteignung.
Antwort auf Beitrag Nr.: 34.609.204 von MFC500 am 29.07.08 20:15:58In Afrika haben die Chinesen momentan die besten Karten in der Hand.
Paul Fortin war ja auch in Peking in seiner Eiganschaft als Gecamines Manager und hat die riesigen DRC Deals mit eingefädelt.
Ich bin jedanfalls mit dieser Entwicklung zufrieden, da Tiomin nun neben seinen 49% an Pukaqaqa mit 30% an Tiomin Kenya Limited beteiligt sein wird.
Bei beiden Projekten sind finanzstarke Partner mit onBoard (an Milpo hat sich 2008 schon Votorantim die Zähne erfolglos ausgebissen)
http://www.financial.de/news/top-stories/2008/03/31/votorant…
Das ist mir wesentlich lieber, als zusätzlich zu den politischen Spielchen in Kenya noch weitere massive Dilution und ein massives sinnloses Abschmelzen der Cashquote riskieren zu müssen.
Wenn in Zukunft noch die Optionen der Chinesen ins Geld kommen würden, wäre es perfekt.
Paul Fortin war ja auch in Peking in seiner Eiganschaft als Gecamines Manager und hat die riesigen DRC Deals mit eingefädelt.
Ich bin jedanfalls mit dieser Entwicklung zufrieden, da Tiomin nun neben seinen 49% an Pukaqaqa mit 30% an Tiomin Kenya Limited beteiligt sein wird.
Bei beiden Projekten sind finanzstarke Partner mit onBoard (an Milpo hat sich 2008 schon Votorantim die Zähne erfolglos ausgebissen)
http://www.financial.de/news/top-stories/2008/03/31/votorant…
Das ist mir wesentlich lieber, als zusätzlich zu den politischen Spielchen in Kenya noch weitere massive Dilution und ein massives sinnloses Abschmelzen der Cashquote riskieren zu müssen.
Wenn in Zukunft noch die Optionen der Chinesen ins Geld kommen würden, wäre es perfekt.
Antwort auf Beitrag Nr.: 34.609.204 von MFC500 am 29.07.08 20:15:58Hallo zusammen,Schön, dass hier endlich mal wieder Bewegung reinkommt. Seit meinem letzten Posting hatte ich ein gewisses Gefühl der Einsamkeit hier verspürt, auch wenn ich mitbekommen habe, dass es zumindest einige Leser hier gab.
Was das heutige Gefühl der Enteignung, dass MFC500 hier angesprochen hat, angeht, kann ich mich dem nur anschließen, insbesondere, wenn ich Folgendes lese:
On commencement of commercial production all net cash flow generated by Kwale will be used to repay the outstanding loans provided by Jinchuan. Thereafter net free cash flow will be distributed pro-rata to the shareholders of TKL.
Dieses Gefühl wird leider noch verstärkt, wenn ich Folgendes zu diesem Thema lese (Quelle: Reuters):
Capital costs of the project at the coastal site are estimated at $176 million, Toronto-based Tiomin says.
Hat jemand von Euch eine Idee, wo z.Z. die Preise/t für 1) Ilmenite, 2) Rutile und 3) Zircon stehen? Und wie lange es dann dauert, bis 330.000t/Jahr für 1), 77.000t/Jahr für 2) und 37.000t/Jahr für 3) auf die Tiomin-Aktionäre durchschlagen?
Würde mich über sachkundige Informationen freuen.
Sicher, eine Spekulation ist es wert, aber welche Sauereien lauern noch am Wegesrand?
Und die Gewinnmitnahmebereitschaft der 0,055er (zu denen ich mich übrigens auch zähle) ist sicher ebenfalls nicht zu verachten. Aber da sollte doch jetzt mehr drinsitzen!
VG
k_traveller
Was das heutige Gefühl der Enteignung, dass MFC500 hier angesprochen hat, angeht, kann ich mich dem nur anschließen, insbesondere, wenn ich Folgendes lese:
On commencement of commercial production all net cash flow generated by Kwale will be used to repay the outstanding loans provided by Jinchuan. Thereafter net free cash flow will be distributed pro-rata to the shareholders of TKL.
Dieses Gefühl wird leider noch verstärkt, wenn ich Folgendes zu diesem Thema lese (Quelle: Reuters):
Capital costs of the project at the coastal site are estimated at $176 million, Toronto-based Tiomin says.
Hat jemand von Euch eine Idee, wo z.Z. die Preise/t für 1) Ilmenite, 2) Rutile und 3) Zircon stehen? Und wie lange es dann dauert, bis 330.000t/Jahr für 1), 77.000t/Jahr für 2) und 37.000t/Jahr für 3) auf die Tiomin-Aktionäre durchschlagen?
Würde mich über sachkundige Informationen freuen.
Sicher, eine Spekulation ist es wert, aber welche Sauereien lauern noch am Wegesrand?
Und die Gewinnmitnahmebereitschaft der 0,055er (zu denen ich mich übrigens auch zähle) ist sicher ebenfalls nicht zu verachten. Aber da sollte doch jetzt mehr drinsitzen!
VG
k_traveller
Antwort auf Beitrag Nr.: 34.610.642 von k_traveller am 29.07.08 23:09:48
siehe auch hier:
http://www.tiomin.com/i/pdf/AGMJune232008.pdf
siehe auch hier:
http://www.tiomin.com/i/pdf/AGMJune232008.pdf
Passt zum Thema:
Kenya steps up campaign to woo Chinese investors
(Xinhua)
2008-07-03
http://www.chinadaily.com.cn/bizchina/2008-07/03/content_681…
Kenya steps up campaign to woo Chinese investors
(Xinhua)
2008-07-03
http://www.chinadaily.com.cn/bizchina/2008-07/03/content_681…
July 29, 2008
Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project
TORONTO - July 29, 2008 Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Jinchuan Group Limited ('Jinchuan') of the People's Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ("Kwale" or "the project"). Jinchuan's investment will entitle it to a 70% interest in TKL and, through its shareholding, the project. Under the terms of the MOU, Jinchuan will procure all financing, on normal commercial terms, to develop Kwale. The transaction (which is subject to certain conditions, including definitive documentation) is expected to close by no later than November 1, 2008.
Rationale for the Transaction
Since declaring Force Majeure to the Government of Kenya ('GoK') on December 19, 2006, Tiomin considered various alternatives to finance and develop Kwale. The proposed transaction optimizes the rate of return to Tiomin's shareholders and restores significant value to an asset that investors have assumed has zero value. Mr. Robert Jackson, President and CEO of Tiomin, commented "This transaction is extremely important for Tiomin and removes the cloud of uncertainty that has driven the shares to cash value. Jinchuan is a very strong partner and we are confident that the project will be underway as soon as possible provided that we close satisfactorily".
Highlights of the Transaction
Under the terms of the MOU, Jinchuan shall provide or arrange on commercially acceptable terms the balance of the financing required by TKL for the construction, development and daily operation of Kwale. On commencement of commercial production all net cash flow generated by Kwale will be used to repay the outstanding loans provided by Jinchuan. Thereafter net free cash flow will be distributed pro-rata to the shareholders of TKL. Jinchuan will be responsible for the construction, development and management of Kwale and the management of TKL.
In order for Closing to take place on November 1, 2008, certain conditions must be met, including board approval for both companies, a formal valuation of Tiomin's interest in TKL, regulatory approval, Barrick's consent through its subsidiary, Pangea Goldfields, on its 'right of first refusal' on any sale of interest in the four properties held in TKL, the completion of outstanding items by the GoK, definitive agreements between Tiomin, TKL and Jinchuan and Tiomin shareholders' approval.
About Jinchuan Group Limited
Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan, one of China's largest mining companies, owns 20% of Tiomin.
Tiomin has three main assets: approximately $24.0 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and a 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya. Tiomin is also working to optimize the value of its shares by acquiring, or investing in, other prospective exploration properties.
Tiomin and its 51% partner at Pukaqaqa, Compañia Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently expanded its land position through the acquisition of the Puka Sur property. Tiomin and Milpo plan an extensive exploration program in 2008/9 aimed at increasing the resources.
In Kenya, TKL's obligations under Kwale's mining lease remain subject to Force Majeure while the GoK completes the remaining conditions that will be required by lenders to finance Kwale. Tiomin is confident that with Jinchuan's acquisition of a 70% interest in TKL, the Kwale project will be developed and that the GoK will complete the remaining items to ensure the construction and development of the project.
Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company focused on mineral exploration in sub-Saharan Africa.
Tiomin also expects to complete by October 1, 2008 its previously announced transaction with Radiant Resources Inc. ('Radiant') (TSX-V: RRS). Radiant is a base metals and gold exploration company focused on the Altay Shan mineral belt in Xinjiang Province in northwestern China. Radiant is in partnership with Baodi, which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project
TORONTO - July 29, 2008 Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Jinchuan Group Limited ('Jinchuan') of the People's Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ("Kwale" or "the project"). Jinchuan's investment will entitle it to a 70% interest in TKL and, through its shareholding, the project. Under the terms of the MOU, Jinchuan will procure all financing, on normal commercial terms, to develop Kwale. The transaction (which is subject to certain conditions, including definitive documentation) is expected to close by no later than November 1, 2008.
Rationale for the Transaction
Since declaring Force Majeure to the Government of Kenya ('GoK') on December 19, 2006, Tiomin considered various alternatives to finance and develop Kwale. The proposed transaction optimizes the rate of return to Tiomin's shareholders and restores significant value to an asset that investors have assumed has zero value. Mr. Robert Jackson, President and CEO of Tiomin, commented "This transaction is extremely important for Tiomin and removes the cloud of uncertainty that has driven the shares to cash value. Jinchuan is a very strong partner and we are confident that the project will be underway as soon as possible provided that we close satisfactorily".
Highlights of the Transaction
Under the terms of the MOU, Jinchuan shall provide or arrange on commercially acceptable terms the balance of the financing required by TKL for the construction, development and daily operation of Kwale. On commencement of commercial production all net cash flow generated by Kwale will be used to repay the outstanding loans provided by Jinchuan. Thereafter net free cash flow will be distributed pro-rata to the shareholders of TKL. Jinchuan will be responsible for the construction, development and management of Kwale and the management of TKL.
In order for Closing to take place on November 1, 2008, certain conditions must be met, including board approval for both companies, a formal valuation of Tiomin's interest in TKL, regulatory approval, Barrick's consent through its subsidiary, Pangea Goldfields, on its 'right of first refusal' on any sale of interest in the four properties held in TKL, the completion of outstanding items by the GoK, definitive agreements between Tiomin, TKL and Jinchuan and Tiomin shareholders' approval.
About Jinchuan Group Limited
Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan, one of China's largest mining companies, owns 20% of Tiomin.
Tiomin has three main assets: approximately $24.0 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and a 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya. Tiomin is also working to optimize the value of its shares by acquiring, or investing in, other prospective exploration properties.
Tiomin and its 51% partner at Pukaqaqa, Compañia Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently expanded its land position through the acquisition of the Puka Sur property. Tiomin and Milpo plan an extensive exploration program in 2008/9 aimed at increasing the resources.
In Kenya, TKL's obligations under Kwale's mining lease remain subject to Force Majeure while the GoK completes the remaining conditions that will be required by lenders to finance Kwale. Tiomin is confident that with Jinchuan's acquisition of a 70% interest in TKL, the Kwale project will be developed and that the GoK will complete the remaining items to ensure the construction and development of the project.
Tiomin also owns a 17.9% interest in Kivu Gold Corporation, a company focused on mineral exploration in sub-Saharan Africa.
Tiomin also expects to complete by October 1, 2008 its previously announced transaction with Radiant Resources Inc. ('Radiant') (TSX-V: RRS). Radiant is a base metals and gold exploration company focused on the Altay Shan mineral belt in Xinjiang Province in northwestern China. Radiant is in partnership with Baodi, which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
wie stuft ihr diese Meldung ein ?
Klingt doch beim ersten Lesen alles echt klasse,oder ?
Pirat
Antwort auf Beitrag Nr.: 34.615.157 von Pirat_Micha am 30.07.08 15:06:53Meldung wurde bereits gestern eingestellt und Meinungen wurden auch schon ausgetauscht
Gebe noch zu Bedenken, wie schwer es für Explorer und angehende Junior-Produzenten mittlerweile geworden ist, finanzielle Mittel aufzureissen.
Da kann man das schönste und grösste Projekt im Portfolio haben, es nützt nix, wenn kein finanziell gesicherter Background vorhanden ist, welcher der Grössenordnung des Projektes entspricht.
Vor ein paar Jahren konnte Tiomin locker 150 Mio Kredit auftreiben, das wäre unter den heutigen angespannten globalen Umständen in der Finanzwelt meiner Meinung nach nicht mehr möglich.
Da kann man das schönste und grösste Projekt im Portfolio haben, es nützt nix, wenn kein finanziell gesicherter Background vorhanden ist, welcher der Grössenordnung des Projektes entspricht.
Vor ein paar Jahren konnte Tiomin locker 150 Mio Kredit auftreiben, das wäre unter den heutigen angespannten globalen Umständen in der Finanzwelt meiner Meinung nach nicht mehr möglich.
Antwort auf Beitrag Nr.: 34.615.903 von XIO am 30.07.08 16:13:36Schwieriger ja, aber sicher nicht unmöglich. da kommt es eben zunehmend auf die Qualität des Projektes an. Schau z.B. wie es bei Baja Mining (Capex knapp 1 Mrd $) gelaufen ist, da hat man die Koreaner an Bord geholt, und das nicht für lau. Oder Mirabela, die trotz schwachem Nickelpreis eine Finanzierung zu Wege gebracht haben. Nur, um mal zu zeigen, daß selbst derzeit Finanzierungen, auch über größere Beträge, machbar sind.
Interessanterweise macht Tiomin keinerlei Angaben darüber, inwieweit überhaupt Alternativen zu diesem "Verkauf" (Geschenk triffts besser) geprüft wurden. Ich kann mir nicht vorstellen, daß so ein Weltklasse-Projekt keine Begehrlichkeiten weckt. So hat - weiteres Beispiel - trotz politischer Unwägbarkeiten Kinross kürzlich ein Übernahmeangebot für Aurelian (Ecuador) unterbreitet.
Ich will hier niemandem etwas schlechtreden. Das Argument, besser 30% als gar nichts, kann man sicher gelten lassen. Ich empfinde den ganzen Vorgang allerdings unverändert als Enteignung. Wären die 25 Mio wenigstens an Tiomin geflossen, aber nicht mal das.
Interessanterweise macht Tiomin keinerlei Angaben darüber, inwieweit überhaupt Alternativen zu diesem "Verkauf" (Geschenk triffts besser) geprüft wurden. Ich kann mir nicht vorstellen, daß so ein Weltklasse-Projekt keine Begehrlichkeiten weckt. So hat - weiteres Beispiel - trotz politischer Unwägbarkeiten Kinross kürzlich ein Übernahmeangebot für Aurelian (Ecuador) unterbreitet.
Ich will hier niemandem etwas schlechtreden. Das Argument, besser 30% als gar nichts, kann man sicher gelten lassen. Ich empfinde den ganzen Vorgang allerdings unverändert als Enteignung. Wären die 25 Mio wenigstens an Tiomin geflossen, aber nicht mal das.
Meiner Meinung nach wird die 2. "Baustelle" Tiomins in Peru zu Unrecht unbeachtet bzw. gering bewertet.
Milpo plant (nach meiner Recherche), Pukaqaqa gegen 2010 in Betrieb zu nehmen, das ist eigentlich nicht mehr allzu lange hin.
Ich könte mir vorstellen, daß durch Peru wesentlich früher einmal Einnahmen fliessen, als durch das Kwale Projekt.
Was die aktuellen Preise für Titandioxid etc. betrifft, so muss ich mich auch noch schlau machen... das wäre mal interessant.
Milpo plant (nach meiner Recherche), Pukaqaqa gegen 2010 in Betrieb zu nehmen, das ist eigentlich nicht mehr allzu lange hin.
Ich könte mir vorstellen, daß durch Peru wesentlich früher einmal Einnahmen fliessen, als durch das Kwale Projekt.
Was die aktuellen Preise für Titandioxid etc. betrifft, so muss ich mich auch noch schlau machen... das wäre mal interessant.
Antwort auf Beitrag Nr.: 34.611.116 von XIO am 30.07.08 05:48:31sorry, bin offenbar zu blöd, aber Deinen Hinweis auf die Tiomin-Präsentation als Antwort auf mein gestriges Posting verstehe ich nicht - so oft ich sie auch lese, keine einzige der Fragen, die ich aufgeworfen habe, wird darin angesprochen (wie auch - ist doch schließlich eine Schönwetter-Präsentation für die blöden Aktionäre, s. mein Posting vom 30.06.)
Vielleicht bist Du so gut und erklärst mir einfach strukturiertem Menschen, was Du mit Deinem Verweis gemeint hast - danke!
- so oft ich sie auch lese, keine einzige der Fragen, die ich aufgeworfen habe, wird darin angesprochen (wie auch - ist doch schließlich eine Schönwetter-Präsentation für die blöden Aktionäre, s. mein Posting vom 30.06.)Vielleicht bist Du so gut und erklärst mir einfach strukturiertem Menschen, was Du mit Deinem Verweis gemeint hast - danke!
Antwort auf Beitrag Nr.: 34.618.791 von k_traveller am 30.07.08 22:02:21Treffender kann man Tiomins Situation nicht darstellen:
http://www.eastandard.net/InsidePage.php?id=1143991659&cid=4…
http://www.eastandard.net/InsidePage.php?id=1143991659&cid=4…
08/22/08
Tiomin Resources is pleased to announce that it will provide a bridge loan of US$2 million to Freegold Ventures Limited ('Freegold'). The funds will be advanced by no later than August 25, 2008.
This US$2 million loan completes a US$4 million bridge loan financing obtained by Freegold, which closed the first US$2 million tranche on July 31st, 2008 (see www.freegoldventures.com).
The bridge loan facility matures on January 15, 2009. Terms for this facility include an annual interest rate of 12.5%, a cash closing fee, and 350,000 warrants to purchase common stock of the Company for a two year period at a price equal to the average market price of the Company's shares for the 10 trading days immediately preceding closing. The lender will have the right to put the warrants back to the Company one year after closing of the bridge loan at a pro-rata price.
Both loan facilities share the collateral, being a first priority pledge of the shares in Freegold's wholly owned US subsidiaries and a general security agreement against the personal property of the company (including a second charge against the processing and private property assets currently collateralizing an equipment loan at Golden Summit). Tiomin's security interest in the collateral is subordinated to that of the first tranche lender, which provided the initial US$2 million loan. Both bridge facilities can be prepaid at any time, and all proceeds generated from subsequent financings must be used to repay the two facilities.
Rationale for the Transaction
Very little capital is currently available to finance junior mine exploration and development companies. Robert Jackson, President and CEO of Tiomin, who is also a Director of Freegold, commented "The market's current lack of development capital positions Tiomin to develop strategic partnerships with good quality juniors, which may lead to further debt and equity investments. The risk-adjusted return to Tiomin is attractive and this secured investment is only a small portion of our cash balance. Freegold has a highly prospective exploration portfolio in the United States and an experienced management".
About Freegold Ventures
Freegold is a North American exploration and development company with a management team experienced in mine development and production that has a proven track-record in transitioning exploration companies into gold producers. Freegold is currently exploring advanced-stage gold projects in Idaho and Alaska. More details regarding these projects can be obtained by reviewing its website, www.freegoldventures.com, and reviewing its recent press releases.
http://www.sys-con.com/node/652272
Tiomin Resources is pleased to announce that it will provide a bridge loan of US$2 million to Freegold Ventures Limited ('Freegold'). The funds will be advanced by no later than August 25, 2008.
This US$2 million loan completes a US$4 million bridge loan financing obtained by Freegold, which closed the first US$2 million tranche on July 31st, 2008 (see www.freegoldventures.com).
The bridge loan facility matures on January 15, 2009. Terms for this facility include an annual interest rate of 12.5%, a cash closing fee, and 350,000 warrants to purchase common stock of the Company for a two year period at a price equal to the average market price of the Company's shares for the 10 trading days immediately preceding closing. The lender will have the right to put the warrants back to the Company one year after closing of the bridge loan at a pro-rata price.
Both loan facilities share the collateral, being a first priority pledge of the shares in Freegold's wholly owned US subsidiaries and a general security agreement against the personal property of the company (including a second charge against the processing and private property assets currently collateralizing an equipment loan at Golden Summit). Tiomin's security interest in the collateral is subordinated to that of the first tranche lender, which provided the initial US$2 million loan. Both bridge facilities can be prepaid at any time, and all proceeds generated from subsequent financings must be used to repay the two facilities.
Rationale for the Transaction
Very little capital is currently available to finance junior mine exploration and development companies. Robert Jackson, President and CEO of Tiomin, who is also a Director of Freegold, commented "The market's current lack of development capital positions Tiomin to develop strategic partnerships with good quality juniors, which may lead to further debt and equity investments. The risk-adjusted return to Tiomin is attractive and this secured investment is only a small portion of our cash balance. Freegold has a highly prospective exploration portfolio in the United States and an experienced management".
About Freegold Ventures
Freegold is a North American exploration and development company with a management team experienced in mine development and production that has a proven track-record in transitioning exploration companies into gold producers. Freegold is currently exploring advanced-stage gold projects in Idaho and Alaska. More details regarding these projects can be obtained by reviewing its website, www.freegoldventures.com, and reviewing its recent press releases.
http://www.sys-con.com/node/652272
Antwort auf Beitrag Nr.: 34.823.837 von MFC500 am 23.08.08 10:42:35... und der gute Robert Jackson ist zufällig auch ein 'director' von Freegold - I smell a rat ..
Antwort auf Beitrag Nr.: 34.823.837 von MFC500 am 23.08.08 10:42:35Warum erfährt man eigentlich nirgendwo, wer die ersten USD 2 Mio zur Verfügung gestellt hat?
Antwort auf Beitrag Nr.: 34.856.459 von k_traveller am 26.08.08 00:48:42Im IRW-Press-Infomail vom 26.08.08 kam diese Mitteilung von Freegold mit der auf weitere Infos zu der Sache auf Tiomin verwiesen wurde. Alles in allem ein bißchen zu viel PR für Tiomin oder?:
Freegold schließt zweite Teilfinanzierung in Höhe von $ 2 Millionen ab
25. August 2008 (Vancouver, BC) – Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) freut sich bekannt zu geben, dass es den zweiten Teilbetrag einer Finanzierung in Höhe von US $ 2 Millionen abgeschlossen hat. Diese Finanzierung wurde von Tiomin Resources Inc. bereitgestellt und wies dieselben Bedingungen auf wie die erste Teilfinanzierung in Höhe von $ 2 Millionen (siehe Pressemitteilung vom 30. Juli 2008), die am 31. Juli 2008 abgeschlossen wurde. Die Gesamteinnahmen aus dieser Finanzierung belaufen sich somit auf $ 4 Millionen. Tiomin Resources Inc. ist ein Bergbauunternehmen, das an der TSX notiert und drei Hauptaktiva besitzt: $ 23,7 Millionen in bar, eine 49%-Beteiligung am Kupfer- und Goldprojekt Pukaqaqa in Peru und eine 100%-Beteiligung am Titanprojekt Kwale in Kenia. Weitere Informationen über Tiomin und dessen Beteiligung an der Finanzierung von Freegold erhalten Sie auf www.tiomin.com.
Die qualifizierte Person bezüglich des wissenschaftlichen und technischen Inhaltes dieser Pressemitteilung, Michael P. Gross, M. S., P. Geo., VP Exploration von Freegold Ventures Limited, hat den Inhalt dieser Pressemitteilung überprüft und genehmigt.
Über Freegold Ventures Limited
Freegold Ventures Limited ist ein nordamerikanisches Explorations- und Erschließungsunternehmen mit einem Führungsteam, das große Erfahrung in der Erschließung von Minen und der Förderung von Mineralvorkommen aufweisen kann und in der Vergangenheit mehrere Explorationsgesellschaften erfolgreich zu Goldproduzenten gemacht hat. Das Unternehmen führt derzeit Explorationsarbeiten an fortgeschrittenen Goldprojekten in Idaho und Alaska durch. Freegold besitzt ... ...
Freegold schließt zweite Teilfinanzierung in Höhe von $ 2 Millionen ab
25. August 2008 (Vancouver, BC) – Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt: FR4) freut sich bekannt zu geben, dass es den zweiten Teilbetrag einer Finanzierung in Höhe von US $ 2 Millionen abgeschlossen hat. Diese Finanzierung wurde von Tiomin Resources Inc. bereitgestellt und wies dieselben Bedingungen auf wie die erste Teilfinanzierung in Höhe von $ 2 Millionen (siehe Pressemitteilung vom 30. Juli 2008), die am 31. Juli 2008 abgeschlossen wurde. Die Gesamteinnahmen aus dieser Finanzierung belaufen sich somit auf $ 4 Millionen. Tiomin Resources Inc. ist ein Bergbauunternehmen, das an der TSX notiert und drei Hauptaktiva besitzt: $ 23,7 Millionen in bar, eine 49%-Beteiligung am Kupfer- und Goldprojekt Pukaqaqa in Peru und eine 100%-Beteiligung am Titanprojekt Kwale in Kenia. Weitere Informationen über Tiomin und dessen Beteiligung an der Finanzierung von Freegold erhalten Sie auf www.tiomin.com.
Die qualifizierte Person bezüglich des wissenschaftlichen und technischen Inhaltes dieser Pressemitteilung, Michael P. Gross, M. S., P. Geo., VP Exploration von Freegold Ventures Limited, hat den Inhalt dieser Pressemitteilung überprüft und genehmigt.
Über Freegold Ventures Limited
Freegold Ventures Limited ist ein nordamerikanisches Explorations- und Erschließungsunternehmen mit einem Führungsteam, das große Erfahrung in der Erschließung von Minen und der Förderung von Mineralvorkommen aufweisen kann und in der Vergangenheit mehrere Explorationsgesellschaften erfolgreich zu Goldproduzenten gemacht hat. Das Unternehmen führt derzeit Explorationsarbeiten an fortgeschrittenen Goldprojekten in Idaho und Alaska durch. Freegold besitzt ... ...
Diese Nachricht bringt wohl neuen Schwung in die Aktie:
August 29, 2008 SteelGuruNews
Jinchuan to acquire 70% stake of Tiomin titanium ore project
It is reported that nickel producer Jinchuan Group has come to terms with a Canadian resource corporation Tiomin for acquiring 70% stake of the corporation's Kenya based subsidiary at a cost of USD 250 million and taking over its titanium ore exploration project in Kwale district, which has 254 million tonnes of mineral deposit.
Tiomin has not been able to start operation after getting the access to mine in the district, on failing to deal with the local dispute about moving compensation with the local residents, coupled with difficulty in finance.
According to the agreement, the deal will be capped before November 1st 2008 and from then on Jinchuan will officially start the operation of the business in the mine.
(Source form www.xinhuanet.com)
August 29, 2008 SteelGuruNews
Jinchuan to acquire 70% stake of Tiomin titanium ore project
It is reported that nickel producer Jinchuan Group has come to terms with a Canadian resource corporation Tiomin for acquiring 70% stake of the corporation's Kenya based subsidiary at a cost of USD 250 million and taking over its titanium ore exploration project in Kwale district, which has 254 million tonnes of mineral deposit.
Tiomin has not been able to start operation after getting the access to mine in the district, on failing to deal with the local dispute about moving compensation with the local residents, coupled with difficulty in finance.
According to the agreement, the deal will be capped before November 1st 2008 and from then on Jinchuan will officially start the operation of the business in the mine.
(Source form www.xinhuanet.com)
Antwort auf Beitrag Nr.: 34.903.205 von gfp_093 am 29.08.08 11:40:52das ist doch schon seit Ende Juli bekannt
Bin vor einiger Zeit ausgestiegen. Für mich immer noch ein Titel der nicht in Vergessenheit geraten sollte. Allerdings braucht es sehr sehr viel Geduld bei diesem Titel. Momentan tut sich rein gar nichts. Ich werde weiterhin abwarten und später wieder einsteigen.
Antwort auf Beitrag Nr.: 34.903.205 von gfp_093 am 29.08.08 11:40:52Es ist nicht nur kalter Kaffee (wie MFC500 in deutlich freundlicheren Worten geschrieben hat), sondern darüber hinaus sind es nicht USD 250 Mio, sondern nur USD 25 Mio ....
Antwort auf Beitrag Nr.: 34.903.205 von gfp_093 am 29.08.08 11:40:52... müsste demnach, wenn's denn kommt, den Kurs etwa verdoppeln ...
September 17, 2008
Kwale International Sugar Company has evicted at least 800 squatters to pave way for the implementation of a sugar project that was licensed last year, but is yet to kick off.
During a recent visit to the area, Agriculture Minister William Ruto threatened to withdraw the licence if the company did not use it.
Msambweni DC Gilbert Kitiyo said the squatters had now been evicted to make way for a sugarcane nursery.
The sugar company was issued with a lease last year by the Ministry of Agriculture in an effort to revive the Ramisi Sugar Factory, which collapsed in 1988. President Kibaki commissioned the project in November last year.
The company said it had not started the project because of questions over land ownership after two leases were apparently issued to different companies for the same piece of land.
The other problem was squatters who had lived on the land for 25 years after former president Moi declared it government land and ordered it be used for resettlement.
The land had initially been leased to Tiomin, a titanium mining firm, by the Commissioner of Mines and Geology. The land adjudication officer in Kwale, Mr. Samuel Odari, said it had been leased to the sugar company after it was redeemed from an Indian Bank.
In an earlier interview, the DC said that the land ownership problem was related to a dam that was constructed by Tiomin which lies on the 2,300 acres of land that the Kwale Sugar Company also claims.
“The problems lies in the dam that was constructed by Tiomin,” said Mr Kitiyo, who is arbitrating on the matter.
The double allocation arose from the Lands department in Nairobi not verifying the status of the land with the district offices, he said.
Tiomin, according to Mr Odari, acquired the land from the Commissioner of Mines and Geology to be used for mining titanium and had compensated squatters at Sh80,000 per acre.
The squatters are scattered over 400 acres and want compensation for destruction of the crops before they can agree to relocation at Kanana, 15 kilometres away.
On offer are five and a half acres of land for each squatter but they argue soils there are too poor for subsistence.
The squatters also say they are required to pay land rate amounting to Sh 12,770 to the land office at a monthly instalment of Sh 1,277 until they clear the arrears, before moving to the land.
Area MP Mr Omar Zonga says the issue of settling the squatters has been an important factor since the negotiations started.
The government has not committed itself on the compensation for the crops destroyed.
During the eviction, over 8 company employees were injured when the angry residents armed with crude weapons charged at them.
The company sought the assistance of the DC, who supervised the eviction.
http://www.wallstreet-online.de/diskussion/1111194-neustebei…
Kwale International Sugar Company has evicted at least 800 squatters to pave way for the implementation of a sugar project that was licensed last year, but is yet to kick off.
During a recent visit to the area, Agriculture Minister William Ruto threatened to withdraw the licence if the company did not use it.
Msambweni DC Gilbert Kitiyo said the squatters had now been evicted to make way for a sugarcane nursery.
The sugar company was issued with a lease last year by the Ministry of Agriculture in an effort to revive the Ramisi Sugar Factory, which collapsed in 1988. President Kibaki commissioned the project in November last year.
The company said it had not started the project because of questions over land ownership after two leases were apparently issued to different companies for the same piece of land.
The other problem was squatters who had lived on the land for 25 years after former president Moi declared it government land and ordered it be used for resettlement.
The land had initially been leased to Tiomin, a titanium mining firm, by the Commissioner of Mines and Geology. The land adjudication officer in Kwale, Mr. Samuel Odari, said it had been leased to the sugar company after it was redeemed from an Indian Bank.
In an earlier interview, the DC said that the land ownership problem was related to a dam that was constructed by Tiomin which lies on the 2,300 acres of land that the Kwale Sugar Company also claims.
“The problems lies in the dam that was constructed by Tiomin,” said Mr Kitiyo, who is arbitrating on the matter.
The double allocation arose from the Lands department in Nairobi not verifying the status of the land with the district offices, he said.
Tiomin, according to Mr Odari, acquired the land from the Commissioner of Mines and Geology to be used for mining titanium and had compensated squatters at Sh80,000 per acre.
The squatters are scattered over 400 acres and want compensation for destruction of the crops before they can agree to relocation at Kanana, 15 kilometres away.
On offer are five and a half acres of land for each squatter but they argue soils there are too poor for subsistence.
The squatters also say they are required to pay land rate amounting to Sh 12,770 to the land office at a monthly instalment of Sh 1,277 until they clear the arrears, before moving to the land.
Area MP Mr Omar Zonga says the issue of settling the squatters has been an important factor since the negotiations started.
The government has not committed itself on the compensation for the crops destroyed.
During the eviction, over 8 company employees were injured when the angry residents armed with crude weapons charged at them.
The company sought the assistance of the DC, who supervised the eviction.
http://www.wallstreet-online.de/diskussion/1111194-neustebei…
19.09.08
Canadian merchant bank Jaguar Financial Corp. (JFC.TO) said it acquired 760 thousand common shares of Tiomin Resources at an average price of C$0.055 per share. The shares acquired represent approximately 0.17% of the total issued common shares of Tiomin.
The company acquired shares of Tiomin for investment purposes. Combined with the previously owned common shares of Tiomin, Jaguar now owns a total of 44.68 million common shares, representing approximately 10.03% of the total issued common shares of Tiomin. The 44.68 million common shares were acquired by Jaguar at an average cost of C$0.036 per share.
http://www.rttnews.com/ArticleView.aspx?Id=716283&SMap=1
Canadian merchant bank Jaguar Financial Corp. (JFC.TO) said it acquired 760 thousand common shares of Tiomin Resources at an average price of C$0.055 per share. The shares acquired represent approximately 0.17% of the total issued common shares of Tiomin.
The company acquired shares of Tiomin for investment purposes. Combined with the previously owned common shares of Tiomin, Jaguar now owns a total of 44.68 million common shares, representing approximately 10.03% of the total issued common shares of Tiomin. The 44.68 million common shares were acquired by Jaguar at an average cost of C$0.036 per share.
http://www.rttnews.com/ArticleView.aspx?Id=716283&SMap=1
09/26/08
Tiomin Resources is pleased to announce the completion of the previously announced business combination between Tiomin and Radiant Resources (the 'Transaction').
Under the terms of the Transaction, Tiomin has acquired all of the outstanding common shares, common share purchase warrants and compensation options of Radiant in exchange for common shares, common share purchase warrants and compensation options of Tiomin, as appropriate. In particular, holders of common shares and common share purchase warrants of Radiant will receive one Tiomin common share or common share purchase warrant in exchange for one Radiant common share or common share purchase warrant, as the case may be, held immediately prior to the effective date of the Transaction (the "Effective Date"). Holders of compensation options of Radiant will receive one unit (a "Unit") for every one compensation option of Radiant held immediately prior to the Effective Date, each Unit consisting of one common share of Tiomin and one common share purchase warrant of Tiomin. Options of Radiant will be exchanged for options of Tiomin at the sole discretion of the Corporation.
As at September 25, 2008, the share capital of Radiant consisted of 30,044,988 common shares on an undiluted basis, and 42,328,953 calculated on a fully diluted basis. Tiomin issued approximately 28,898,635 million common shares to Radiant shareholders and has reserve an additional 9,608,509 common shares for issuance upon exercise of the common share purchase warrants and compensation options issued to Radiant securityholders. Following the completion of the transaction, Tiomin has an aggregate of 474,263,803 common shares outstanding. The common shares of Tiomin issued in connection with the transaction are listed on the Toronto Stock Exchange. The common shares of Radiant will be halted today and will subsequently be de-listed from the TSX Venture Exchange.
Rationale for the Transaction
Tiomin has cash and seeks good quality exploration properties. Radiant has a portfolio of exploration properties in the Altay Shan mineral belt in Xinjiang, northwestern China, in an area with a known history of mining activity. Radiant has established a joint venture with Xinjiang Baodi Mining Co. (Baodi), which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources Corporation ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
Recent geophysics by Radiant identified prospective exploration targets in proximity to the underground Ashele Mine ('Ashele'), which is a Volcanic Massive Sulfide ('VMS') type mine. Ashele is reported in China to contain 36 million tonnes of ore grading 2.43% Cu, 1.08% Zn and 0.45 g/t Au. In other locations around the world, VMS mines are found to occur in clusters. Examples are the South Urals region of Russia, the Iberian Pyrite Belt in Spain and Portugal, the Bathurst and Noranda areas of Canada and the Rudny Altay region of Kazakhstan and Russia. Radiant believes that the area around Ashele is under-explored and may contain other VMS deposits. Radiant's competent team in China provides a strong platform for acquiring and developing a minerals exploration portfolio that could realize synergistic benefits with Tiomin's largest shareholder, Jinchuan Group Limited ('Jinchuan'), one of China's largest mining companies.
http://www.sys-con.com/node/691147
Tiomin Resources is pleased to announce the completion of the previously announced business combination between Tiomin and Radiant Resources (the 'Transaction').
Under the terms of the Transaction, Tiomin has acquired all of the outstanding common shares, common share purchase warrants and compensation options of Radiant in exchange for common shares, common share purchase warrants and compensation options of Tiomin, as appropriate. In particular, holders of common shares and common share purchase warrants of Radiant will receive one Tiomin common share or common share purchase warrant in exchange for one Radiant common share or common share purchase warrant, as the case may be, held immediately prior to the effective date of the Transaction (the "Effective Date"). Holders of compensation options of Radiant will receive one unit (a "Unit") for every one compensation option of Radiant held immediately prior to the Effective Date, each Unit consisting of one common share of Tiomin and one common share purchase warrant of Tiomin. Options of Radiant will be exchanged for options of Tiomin at the sole discretion of the Corporation.
As at September 25, 2008, the share capital of Radiant consisted of 30,044,988 common shares on an undiluted basis, and 42,328,953 calculated on a fully diluted basis. Tiomin issued approximately 28,898,635 million common shares to Radiant shareholders and has reserve an additional 9,608,509 common shares for issuance upon exercise of the common share purchase warrants and compensation options issued to Radiant securityholders. Following the completion of the transaction, Tiomin has an aggregate of 474,263,803 common shares outstanding. The common shares of Tiomin issued in connection with the transaction are listed on the Toronto Stock Exchange. The common shares of Radiant will be halted today and will subsequently be de-listed from the TSX Venture Exchange.
Rationale for the Transaction
Tiomin has cash and seeks good quality exploration properties. Radiant has a portfolio of exploration properties in the Altay Shan mineral belt in Xinjiang, northwestern China, in an area with a known history of mining activity. Radiant has established a joint venture with Xinjiang Baodi Mining Co. (Baodi), which is owned by the provincial government. Radiant and Baodi own a joint venture company, Xinjiang Pacific Resources Corporation ('XPR'), which owns the portfolio of exploration properties that are of interest to Tiomin. Radiant has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. Radiant has a right to earn up to 90% of XPR.
Recent geophysics by Radiant identified prospective exploration targets in proximity to the underground Ashele Mine ('Ashele'), which is a Volcanic Massive Sulfide ('VMS') type mine. Ashele is reported in China to contain 36 million tonnes of ore grading 2.43% Cu, 1.08% Zn and 0.45 g/t Au. In other locations around the world, VMS mines are found to occur in clusters. Examples are the South Urals region of Russia, the Iberian Pyrite Belt in Spain and Portugal, the Bathurst and Noranda areas of Canada and the Rudny Altay region of Kazakhstan and Russia. Radiant believes that the area around Ashele is under-explored and may contain other VMS deposits. Radiant's competent team in China provides a strong platform for acquiring and developing a minerals exploration portfolio that could realize synergistic benefits with Tiomin's largest shareholder, Jinchuan Group Limited ('Jinchuan'), one of China's largest mining companies.
http://www.sys-con.com/node/691147
September 14, 2008
The $900 Mio RAB Special Situations fund faces the threat of being liquidated unless investors agree to lock in their money for three years.
http://209.85.135.104/translate_c?hl=de&u=http://business.ti…
Das ist insofern von Bedeutung, als RAB 6,27 Mio Radiant-Aktien hielt, die bekanntlich in Tiomin-Aktien getauscht wurden.
The $900 Mio RAB Special Situations fund faces the threat of being liquidated unless investors agree to lock in their money for three years.
http://209.85.135.104/translate_c?hl=de&u=http://business.ti…
Das ist insofern von Bedeutung, als RAB 6,27 Mio Radiant-Aktien hielt, die bekanntlich in Tiomin-Aktien getauscht wurden.
jetzt war ich zu schnell. RAB hält/hielt zudem 44,4 Mio Tiomin-Aktien
Das Problem hat sich erledigt:
"RAB Capital plc is pleased to announce that investors in the Cayman-based RAB Special Situations Fund Limited and the Delaware-based Special Sits LP have voted by a considerable margin to approve a three year lock-up."
vollständige Meldung:
http://www.rabspecialsituations.com/servlet/HsPublic?context…
"RAB Capital plc is pleased to announce that investors in the Cayman-based RAB Special Situations Fund Limited and the Delaware-based Special Sits LP have voted by a considerable margin to approve a three year lock-up."
vollständige Meldung:
http://www.rabspecialsituations.com/servlet/HsPublic?context…
Nov. 7, 2008
Jinchuan Group has informed Tiomin Resources that it will not close the transaction described in the Memorandum of Understanding ('MOU') press released on July 29 2008 because it is still doing due diligence. In the proposed transaction, Jinchuan acquires of 70% of Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project'), for US$25 million invested into TKL and a commitment to finance and build the project, subject to positive economics. The MOU scheduled the transaction to close on November 1. In addition, Jinchuan notes that the Government of Kenya ('GoK') has not completed the remaining bureaucratic steps required for the transaction to close. Representatives from Jinchuan and Tiomin recently travelled to Kenya to meet with government officials working to resolve issues delaying the transaction.
Robert Jackson, President and CEO of Tiomin said "Tiomin's management shares our investors' extreme frustration at this unreasonable delay. Tiomin has acted in good faith and we are very disappointed. If the closing continues to be delayed, we will consider terminating the MOU on the grounds of unreasonable delay". Tiomin will issue another press release when further material information is available.
http://biz.yahoo.com/ccn/081107/200811070495902001.html?.v=1
Jinchuan Group has informed Tiomin Resources that it will not close the transaction described in the Memorandum of Understanding ('MOU') press released on July 29 2008 because it is still doing due diligence. In the proposed transaction, Jinchuan acquires of 70% of Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project'), for US$25 million invested into TKL and a commitment to finance and build the project, subject to positive economics. The MOU scheduled the transaction to close on November 1. In addition, Jinchuan notes that the Government of Kenya ('GoK') has not completed the remaining bureaucratic steps required for the transaction to close. Representatives from Jinchuan and Tiomin recently travelled to Kenya to meet with government officials working to resolve issues delaying the transaction.
Robert Jackson, President and CEO of Tiomin said "Tiomin's management shares our investors' extreme frustration at this unreasonable delay. Tiomin has acted in good faith and we are very disappointed. If the closing continues to be delayed, we will consider terminating the MOU on the grounds of unreasonable delay". Tiomin will issue another press release when further material information is available.
http://biz.yahoo.com/ccn/081107/200811070495902001.html?.v=1
aus dem kanadischen Stockhouse Bullborard:
they have been buying like crazy for the past month. look at the past week or so, almost 6million shares. they know something or they just want to buy the company!!! in fact it seems they now own more than 50million shares
Tiomin Resources Inc. (TIO)
As of October 29th, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Oct 29/08 Oct 28/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 559,000 $0.050
Oct 29/08 Oct 27/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 200,000 $0.050
Oct 29/08 Oct 24/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.050
Oct 29/08 Oct 23/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 943,000 $0.050
Oct 29/08 Oct 22/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 1,936,000 $0.055
Oct 29/08 Oct 22/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 350,000 $0.050
Oct 29/08 Oct 21/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 198,000 $0.050
Oct 22/08 Oct 20/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 130,000 $0.050
Oct 22/08 Oct 17/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 916,000 $0.055
Oct 22/08 Oct 17/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 252,000 $0.050
Dies fand ich im Stockhouse Board Forum zu den news:
this is where the point is that Jaguar will start to pull out . My guess is they will pull out slowly as to not upset the market too much.
The gok is only interested in , what have you got for me now not 4 yrs from now , so untill these co's start paying to the officials it will go nowhere... so I see a sennario where the chineese will buy the property rights from Tiomin then once they heve seccured the property in their name they will then pay the officials to get this thing going for themselves and I would'nt be surprised if that was'nt the plan bettween gok and the chineese all along because they both have a lot of time on their hands.... imo just me. The sp will hit a penny with Jaguar exiting.
Könnte sein, das dann die Kleinanleger mal wieder über den Tisch gezogen werden.
Bin gespannt auf die weitere Entwicklung.
they have been buying like crazy for the past month. look at the past week or so, almost 6million shares. they know something or they just want to buy the company!!! in fact it seems they now own more than 50million shares
Tiomin Resources Inc. (TIO)
As of October 29th, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Oct 29/08 Oct 28/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 559,000 $0.050
Oct 29/08 Oct 27/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 200,000 $0.050
Oct 29/08 Oct 24/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.050
Oct 29/08 Oct 23/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 943,000 $0.050
Oct 29/08 Oct 22/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 1,936,000 $0.055
Oct 29/08 Oct 22/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 350,000 $0.050
Oct 29/08 Oct 21/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 198,000 $0.050
Oct 22/08 Oct 20/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 130,000 $0.050
Oct 22/08 Oct 17/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 916,000 $0.055
Oct 22/08 Oct 17/08 Jaguar Financial Corporation Direct Ownership Common Shares 10 - Acquisition in the public market 252,000 $0.050
Dies fand ich im Stockhouse Board Forum zu den news:
this is where the point is that Jaguar will start to pull out . My guess is they will pull out slowly as to not upset the market too much.
The gok is only interested in , what have you got for me now not 4 yrs from now , so untill these co's start paying to the officials it will go nowhere... so I see a sennario where the chineese will buy the property rights from Tiomin then once they heve seccured the property in their name they will then pay the officials to get this thing going for themselves and I would'nt be surprised if that was'nt the plan bettween gok and the chineese all along because they both have a lot of time on their hands.... imo just me. The sp will hit a penny with Jaguar exiting.
Könnte sein, das dann die Kleinanleger mal wieder über den Tisch gezogen werden.
Bin gespannt auf die weitere Entwicklung.
Antwort auf Beitrag Nr.: 35.878.098 von jensdab am 08.11.08 00:32:36Alles ist möglich, an der Börse sowieso. Gegen das Szenario des Stockhouse-Users sprechen aber zwei Dinge
-die direkte Beteiligung Jinchuan´s an Tiomin
-würde Jinchuan darauf abzielen, hätten sie gar nicht erst das MOU mit Tiomin unterzeichnet
M.E., und das entspricht auch der bisherigen, aus Aktionärssicht leidvollen, Erfahrung blockt die Regierung immer noch, aus welchen Gründen auch immer. Vielleicht wurde/wird nicht ausreichend "geschmiert". Keine Ahnung, nachvollziehen kann ich das jedenfalls nicht.
-die direkte Beteiligung Jinchuan´s an Tiomin
-würde Jinchuan darauf abzielen, hätten sie gar nicht erst das MOU mit Tiomin unterzeichnet
M.E., und das entspricht auch der bisherigen, aus Aktionärssicht leidvollen, Erfahrung blockt die Regierung immer noch, aus welchen Gründen auch immer. Vielleicht wurde/wird nicht ausreichend "geschmiert". Keine Ahnung, nachvollziehen kann ich das jedenfalls nicht.
Tiomin blames Nairobi for titanium project delay
Sat Nov 8, 2008
http://www.reuters.com/article/rbssIndustryMaterialsUtilitie…
Sat Nov 8, 2008
http://www.reuters.com/article/rbssIndustryMaterialsUtilitie…
--------------------------------------------------------------------------------
Re: News Release - Tuesday, November 11, 2008
Title: Tiomin Reports 2008 Q3 Financial Results
--------------------------------------------------------------------------------
TORONTO - November 11, 2008 - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) reports that for the nine month period ended September 30, 2008, it had a loss of $2,695,000 or $0.00 per share compared to a loss of $7,246,000 or $0.02 for the same period in 2007. All figures are in Canadian dollars unless stated otherwise.
Company Highlights
On July 28, 2008, Tiomin and Jinchuan Group Ltd. ('Jinchuan') of China entered into a Memorandum of Understanding ('MOU'), whereby Jinchuan will acquire 70% of Tiomin Kenya Ltd. ('TKL') by investing US$25 million into TKL, a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project'). Jinchuan's investment will entitle it to a 70% interest in TKL and through its shareholding, the project. Under the terms of the MOU, Jinchuan will procure all financing, on normal commercial terms, to develop Kwale. The transaction was scheduled to close on November 1, 2008 but has been delayed by Jinchuan. Although Kwale still remains in Force Majeure from December 12, 2006, Tiomin is confident that, with Jinchuan's involvement and commitment to develop the project, the Government of Kenya ('GoK') will complete the steps required by international financiers and Jinchuan to secure debt financing for Kwale.
On August 22nd Tiomin provided a bridge loan of US$2 million to Freegold Ventures Limited ('Freegold'). This US$2 million loan completes a US$4 million bridge loan financing obtained by Freegold, which closed the first US$2 million tranche on July 31st, 2008 (see www.freegoldventures.com). The bridge loan facility matures on January 15, 2009. Terms for this facility include an annual interest rate of 12.5%, a cash closing fee, and 350,000 warrants to purchase common stock of the Company for a two year period at a price equal to the average market price of the Company's shares for the 10 trading days immediately preceding closing. The lender will have the right to put the warrants back to the Company one year after closing of the bridge loan at a pro-rata price.
On September 26, 2008 Tiomin acquired all the outstanding securities of Radiant Resources Inc. ('Radiant') (TSX-V: RRS) in exchange for securities of Tiomin The transaction was announced on May 27, 2008 and Radiant held a shareholder meeting on September 23, 2008 to approve the transaction, which closed on September 26, 2008. Radiant amalgamated with a Tiomin subsidiary and was renamed Tiomin China Limited ('TCL'). TCL
Tiomin continues to protect its capital and ended the quarter with a strong cash position of $20.6 million and working capital of $21.6million. Tiomin continues to evaluate investment opportunities but is currently taking a very cautious approach with the uncertainty in the world financial markets and the resource sector.
Results of Operations
(Expressed in thousands of Canadian dollars except share and per share data)
Three months ended September 2008
2008
$000's
2007
$000's
Loss before interest and amortization
1,078
1,354
Loss before income tax
846
1,112
Loss per share
0.00
0.00
Total assets
68,205
69,721
Compensation expense relating to stock options
-
-
Working capital
21,597
30,803
Mineral properties
11,948
7,780
Deferred exploration and development
29,739
27,096
Share Capital:
Outstanding (000's)
474,263,803
445,365,168
Warrants (000's)
107,641,599
198,437,692
Options (000's)
40,444,000
26,025,000
Cash Flow and Liquidity
With the current issues in the market, it is important to note that the Company was never exposed to asset backed commercial papers or sub-prime mortgages. At September 30, 2008 the Company had a working capital surplus of $21,597,000 compared to $29,135,000 at December 31, 2007. For the quarter ended September 30, 2008, Tiomin (used)/ increased cash and short term investments by ($3,139,000) and ($3,996,000) for the same period in 2007. For the nine months ended September 30, 2008 and 2007 Tiomin (used) or increased cash by ($8,838,000) and ($2,601,000) respectively. During the nine months ended the Company invested $14,000 into short term investments, which mature during December 2008. During the nine months ended September 30, 2008, the Company did not issue any shares. Cash decreased during the quarter ended September 30, 2008 from operating activities, primarily from a decrease in accounts payable of $765,000 (2007 -- $2,192,000) and $1,713,000 (2007 - $8,168,000) for the respective nine month period. During the nine months ended September 30, 2008 the Company invested in fixed assets totaling $58,000.
About Tiomin Resources Inc.
Tiomin is involved in the exploration and development of industrial mineral and base metal projects. Tiomin has three main assets: approximately $20.6 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and currently 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya. Tiomin is also working to optimize the value of its shares by acquiring, or investing in, other prospective exploration properties.
Tiomin and its 51% partner at Pukaqaqa, Compañia Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently expanded its land position through the acquisition of the Puka Sur property. Tiomin and Milpo plan an extensive exploration program in 2008/09 aimed at increasing the resources.
Tiomin, through its subsidiary TCL has a joint venture interest in Xinjiang Pacific Resources ('XPR') which is a gold exploration company focused on the Altay Shan mineral belt in Xinjiang Province in northwestern China. TCL is in partnership with Baodi, which is owned by the provincial government. TCL has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. TCL has a right to earn up to 90% of XPR,
Tiomin is continuing discussions with Jinchuan and the Government of Kenya regarding the previously announced transaction with Jinchuan, whereby Jinchuan will acquire 70% of Tiomin Kenya Limited by investing in two tranches U$25 million by way of a private placement into Tiomin Kenya Limited a wholly owned subsidiary of Tiomin in addition to providing all project financing requirements to develop the Kwale titanium mineral sands project. Jinchuan has delayed closing the transaction while it completes its due diligence review and resolves related issues. The reader should be cautioned that if the transaction does not close, the Kwale project could suffer permanent impairment and will be written down or written off accordingly.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com or review the documents filed on www.sedar.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com Phone: 416-350-3779, ext. 231
Bruce Ramsden, VP finance and CFO
E-Mail: bramsden@tiomin.com Phone:416=350-3779, ext. 232
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
--------------------------------------------------------------------------------
Copyright © 2008 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
--------------------------------------------------------------------------------
Re: News Release - Tuesday, November 11, 2008
Title: Tiomin Reports 2008 Q3 Financial Results
--------------------------------------------------------------------------------
TORONTO - November 11, 2008 - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) reports that for the nine month period ended September 30, 2008, it had a loss of $2,695,000 or $0.00 per share compared to a loss of $7,246,000 or $0.02 for the same period in 2007. All figures are in Canadian dollars unless stated otherwise.
Company Highlights
On July 28, 2008, Tiomin and Jinchuan Group Ltd. ('Jinchuan') of China entered into a Memorandum of Understanding ('MOU'), whereby Jinchuan will acquire 70% of Tiomin Kenya Ltd. ('TKL') by investing US$25 million into TKL, a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project'). Jinchuan's investment will entitle it to a 70% interest in TKL and through its shareholding, the project. Under the terms of the MOU, Jinchuan will procure all financing, on normal commercial terms, to develop Kwale. The transaction was scheduled to close on November 1, 2008 but has been delayed by Jinchuan. Although Kwale still remains in Force Majeure from December 12, 2006, Tiomin is confident that, with Jinchuan's involvement and commitment to develop the project, the Government of Kenya ('GoK') will complete the steps required by international financiers and Jinchuan to secure debt financing for Kwale.
On August 22nd Tiomin provided a bridge loan of US$2 million to Freegold Ventures Limited ('Freegold'). This US$2 million loan completes a US$4 million bridge loan financing obtained by Freegold, which closed the first US$2 million tranche on July 31st, 2008 (see www.freegoldventures.com). The bridge loan facility matures on January 15, 2009. Terms for this facility include an annual interest rate of 12.5%, a cash closing fee, and 350,000 warrants to purchase common stock of the Company for a two year period at a price equal to the average market price of the Company's shares for the 10 trading days immediately preceding closing. The lender will have the right to put the warrants back to the Company one year after closing of the bridge loan at a pro-rata price.
On September 26, 2008 Tiomin acquired all the outstanding securities of Radiant Resources Inc. ('Radiant') (TSX-V: RRS) in exchange for securities of Tiomin The transaction was announced on May 27, 2008 and Radiant held a shareholder meeting on September 23, 2008 to approve the transaction, which closed on September 26, 2008. Radiant amalgamated with a Tiomin subsidiary and was renamed Tiomin China Limited ('TCL'). TCL
Tiomin continues to protect its capital and ended the quarter with a strong cash position of $20.6 million and working capital of $21.6million. Tiomin continues to evaluate investment opportunities but is currently taking a very cautious approach with the uncertainty in the world financial markets and the resource sector.
Results of Operations
(Expressed in thousands of Canadian dollars except share and per share data)
Three months ended September 2008
2008
$000's
2007
$000's
Loss before interest and amortization
1,078
1,354
Loss before income tax
846
1,112
Loss per share
0.00
0.00
Total assets
68,205
69,721
Compensation expense relating to stock options
-
-
Working capital
21,597
30,803
Mineral properties
11,948
7,780
Deferred exploration and development
29,739
27,096
Share Capital:
Outstanding (000's)
474,263,803
445,365,168
Warrants (000's)
107,641,599
198,437,692
Options (000's)
40,444,000
26,025,000
Cash Flow and Liquidity
With the current issues in the market, it is important to note that the Company was never exposed to asset backed commercial papers or sub-prime mortgages. At September 30, 2008 the Company had a working capital surplus of $21,597,000 compared to $29,135,000 at December 31, 2007. For the quarter ended September 30, 2008, Tiomin (used)/ increased cash and short term investments by ($3,139,000) and ($3,996,000) for the same period in 2007. For the nine months ended September 30, 2008 and 2007 Tiomin (used) or increased cash by ($8,838,000) and ($2,601,000) respectively. During the nine months ended the Company invested $14,000 into short term investments, which mature during December 2008. During the nine months ended September 30, 2008, the Company did not issue any shares. Cash decreased during the quarter ended September 30, 2008 from operating activities, primarily from a decrease in accounts payable of $765,000 (2007 -- $2,192,000) and $1,713,000 (2007 - $8,168,000) for the respective nine month period. During the nine months ended September 30, 2008 the Company invested in fixed assets totaling $58,000.
About Tiomin Resources Inc.
Tiomin is involved in the exploration and development of industrial mineral and base metal projects. Tiomin has three main assets: approximately $20.6 million of cash, a 49% interest in the Pukaqaqa copper and gold project in Peru and currently 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya. Tiomin is also working to optimize the value of its shares by acquiring, or investing in, other prospective exploration properties.
Tiomin and its 51% partner at Pukaqaqa, Compañia Minera Milpo S.A. ('Milpo'), have an existing NI 43-101 measured and indicated copper resource and scoping study at Pukaqaqa, and also recently expanded its land position through the acquisition of the Puka Sur property. Tiomin and Milpo plan an extensive exploration program in 2008/09 aimed at increasing the resources.
Tiomin, through its subsidiary TCL has a joint venture interest in Xinjiang Pacific Resources ('XPR') which is a gold exploration company focused on the Altay Shan mineral belt in Xinjiang Province in northwestern China. TCL is in partnership with Baodi, which is owned by the provincial government. TCL has satisfied the contractual requirements to increase its ownership of XPR from 51% to 70% and is in the process of registering this change. TCL has a right to earn up to 90% of XPR,
Tiomin is continuing discussions with Jinchuan and the Government of Kenya regarding the previously announced transaction with Jinchuan, whereby Jinchuan will acquire 70% of Tiomin Kenya Limited by investing in two tranches U$25 million by way of a private placement into Tiomin Kenya Limited a wholly owned subsidiary of Tiomin in addition to providing all project financing requirements to develop the Kwale titanium mineral sands project. Jinchuan has delayed closing the transaction while it completes its due diligence review and resolves related issues. The reader should be cautioned that if the transaction does not close, the Kwale project could suffer permanent impairment and will be written down or written off accordingly.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com or review the documents filed on www.sedar.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com Phone: 416-350-3779, ext. 231
Bruce Ramsden, VP finance and CFO
E-Mail: bramsden@tiomin.com Phone:416=350-3779, ext. 232
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
--------------------------------------------------------------------------------
Copyright © 2008 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
--------------------------------------------------------------------------------
Nov 12 2008
Tiomin Resources is confident that its partner China's Jinchuan Group Ltd. will reach an agreement soon with Kenyan officials to build a $200 million titanium mine on the Indian Ocean coast.
Tiomin and Jinchuan signed a memorandum of understanding in July that Jinchuan would invest $25 million for a 70 percent interest once it had completed due diligence on the Kwale Mineral Sands project.
The final deal was supposed to be signed by Nov. 1 but the Chinese firm has said it is still carrying out the due diligence, citing bureaucratic delays by Kenya's government.
"The government still needs to complete a couple of bureaucratic steps involving various permits and licences. We believe that we are close to resolving those issues now, and hopefully we can move forward in the next month or so," Joe Schwarz, Tiomin Kenya's general manager, said in an interview.
"Jinchuan has a couple of concerns relating to existing agreements between Tiomin and the government which they want clarified, and I believe that once those steps have been taken to their satisfaction, they'll be ready to move forward."
Kenyan government officials and representatives of Jinchuan, China's biggest nickel producer, could not immediately be reached for comment.
Tiomin has been studying sites in the country since 1996 and says Kwale, 40 km (25 miles) south of Mombasa, would be one of the cheapest titanium and zirconium producers in the world.
Tiomin hopes to mine an average of 330,000 tonnes of titanium-bearing ilmenite, 77,000 tonnes of rutile and 37,000 tonnes of zircon a year.
More than 94 percent of the titanium produced in the world is used in pigment production. Titanium dioxide is a pure white, highly refractive, non-toxic substance used in paint and other coatings, paper, plastics and cosmetics and for titanium metal.
But plans for Kwale have been repeatedly held up by delays including demonstrations by environmental groups, disputes with local farmers over land and drawn out talks with the government.
In early 2006, Tiomin raised $46 million in equity capital to develop the project and an additional $155 million in debt financing. But work was delayed by an ultimately unsuccessful court challenge by seven farmers demanding more compensation, plus delays acquiring some necessary permits and licences.
"We couldn't give access (to the site) to the contractors, we couldn't spend the equity finance in the time allocated so we couldn't draw down on the debt finance," Tiomin's Schwarz said. "The syndicate of banks and lenders basically pulled the plug."
A judge eventually resolved the land issues in favour of the company -- which had spent $7 million resettling several hundred households -- and the bureaucratic steps continued, albeit slowly, while Tiomin sought alternative investors.
Jinchuan initially took a 9.9 percent stake in the Kwale project in April 2006 for $6.47 million and raised its shareholding to 20 percent for $9.52 million a year later.
Schwarz said the success of Kwale -- and of sites it hopes to develop next at Kilifi and Mambrui in Kenya -- would be a big boost to a largely overlooked sector of east Africa's largest economy, which has long focused on agriculture and tourism.
Mineral exports account for only about 0.5 percent of the nation's gross domestic product and the sector is still governed by a Mining Act written by legislators 68 years ago.
"If this project is successful, it will propel Kenya as a whole into the large-scale modern mining sector, and hopefully be the first of other larger-scale projects in the future."
http://africa.reuters.com/country/KE/news/usnLC470527.html
Tiomin Resources is confident that its partner China's Jinchuan Group Ltd. will reach an agreement soon with Kenyan officials to build a $200 million titanium mine on the Indian Ocean coast.
Tiomin and Jinchuan signed a memorandum of understanding in July that Jinchuan would invest $25 million for a 70 percent interest once it had completed due diligence on the Kwale Mineral Sands project.
The final deal was supposed to be signed by Nov. 1 but the Chinese firm has said it is still carrying out the due diligence, citing bureaucratic delays by Kenya's government.
"The government still needs to complete a couple of bureaucratic steps involving various permits and licences. We believe that we are close to resolving those issues now, and hopefully we can move forward in the next month or so," Joe Schwarz, Tiomin Kenya's general manager, said in an interview.
"Jinchuan has a couple of concerns relating to existing agreements between Tiomin and the government which they want clarified, and I believe that once those steps have been taken to their satisfaction, they'll be ready to move forward."
Kenyan government officials and representatives of Jinchuan, China's biggest nickel producer, could not immediately be reached for comment.
Tiomin has been studying sites in the country since 1996 and says Kwale, 40 km (25 miles) south of Mombasa, would be one of the cheapest titanium and zirconium producers in the world.
Tiomin hopes to mine an average of 330,000 tonnes of titanium-bearing ilmenite, 77,000 tonnes of rutile and 37,000 tonnes of zircon a year.
More than 94 percent of the titanium produced in the world is used in pigment production. Titanium dioxide is a pure white, highly refractive, non-toxic substance used in paint and other coatings, paper, plastics and cosmetics and for titanium metal.
But plans for Kwale have been repeatedly held up by delays including demonstrations by environmental groups, disputes with local farmers over land and drawn out talks with the government.
In early 2006, Tiomin raised $46 million in equity capital to develop the project and an additional $155 million in debt financing. But work was delayed by an ultimately unsuccessful court challenge by seven farmers demanding more compensation, plus delays acquiring some necessary permits and licences.
"We couldn't give access (to the site) to the contractors, we couldn't spend the equity finance in the time allocated so we couldn't draw down on the debt finance," Tiomin's Schwarz said. "The syndicate of banks and lenders basically pulled the plug."
A judge eventually resolved the land issues in favour of the company -- which had spent $7 million resettling several hundred households -- and the bureaucratic steps continued, albeit slowly, while Tiomin sought alternative investors.
Jinchuan initially took a 9.9 percent stake in the Kwale project in April 2006 for $6.47 million and raised its shareholding to 20 percent for $9.52 million a year later.
Schwarz said the success of Kwale -- and of sites it hopes to develop next at Kilifi and Mambrui in Kenya -- would be a big boost to a largely overlooked sector of east Africa's largest economy, which has long focused on agriculture and tourism.
Mineral exports account for only about 0.5 percent of the nation's gross domestic product and the sector is still governed by a Mining Act written by legislators 68 years ago.
"If this project is successful, it will propel Kenya as a whole into the large-scale modern mining sector, and hopefully be the first of other larger-scale projects in the future."
http://africa.reuters.com/country/KE/news/usnLC470527.html
Gut für Tiomin Aktienbesitzer - ob sich das auch in der Kurserholung niederschlagen wird ist fraglich.
Da sollten schon ein paar richtig gute news kommen.
Dec 10, 2008 16:05 ET
Tiomin Resources Adopts Shareholder Rights Plan
TORONTO, ONTARIO--(Marketwire - Dec. 10, 2008) - Tiomin Resources Inc. (TSX:TIO) ('Tiomin' or the 'Company') announced today that its Board of Directors has approved the adoption of a Shareholder Rights Plan (the 'Rights Plan') effective December 10, 2008. The Rights Plan is effective immediately but will be submitted to shareholders of the Company for ratification at the Company's 2009 annual meeting.
If the shareholders ratify the Rights Plan at the annual meeting, it will continue in effect until the earlier of the termination time, as defined in the Rights Plan, or the date of the annual meeting of shareholders of Tiomin in 2012. If shareholders do not approve the Rights Plan at the annual meeting, it will terminate at the end of such meeting.
The Rights Plan is designed to encourage fair treatment of shareholders in connection with any take-over bid for Tiomin and to provide the Board of Directors of Tiomin with more time to consider any unsolicited take-over bid for Tiomin and pursue, if appropriate, other value enhancing alternatives to allow Tiomin's shareholders to receive full and fair value for Tiomin's common shares. It is not intended to deter take-over proposals. Tiomin is not aware of any pending or threatened take-over initiatives directed at the Company.
A copy of the Rights Plan will be available on the Company's website at www.tiomin.com and on SEDAR at www.sedar.com.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan Group Limited ('Jinchuan'), one of China's largest mining companies, owns approximately 20% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at September 30, 2008), a 49% interest in the Pukaqaqa copper and gold project in Peru and currently 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a company focused on mineral exploration in sub-Saharan Africa, and the Company has earned a 70% interest in a joint venture company, Xinjiang Pacific Resources ('XPR'), which has portfolio of exploration properties that are in the Altay Shan mineral belt in Xinjiang Province in northwestern China. The Company has a right to earn up to 90% of XPR.
To find out more about Tiomin Resources Inc., please visit the company website atwww.tiomin.com.
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
http://www.marketwire.com/press-release/Tiomin-Resources-Inc…
Da sollten schon ein paar richtig gute news kommen.
Dec 10, 2008 16:05 ET
Tiomin Resources Adopts Shareholder Rights Plan
TORONTO, ONTARIO--(Marketwire - Dec. 10, 2008) - Tiomin Resources Inc. (TSX:TIO) ('Tiomin' or the 'Company') announced today that its Board of Directors has approved the adoption of a Shareholder Rights Plan (the 'Rights Plan') effective December 10, 2008. The Rights Plan is effective immediately but will be submitted to shareholders of the Company for ratification at the Company's 2009 annual meeting.
If the shareholders ratify the Rights Plan at the annual meeting, it will continue in effect until the earlier of the termination time, as defined in the Rights Plan, or the date of the annual meeting of shareholders of Tiomin in 2012. If shareholders do not approve the Rights Plan at the annual meeting, it will terminate at the end of such meeting.
The Rights Plan is designed to encourage fair treatment of shareholders in connection with any take-over bid for Tiomin and to provide the Board of Directors of Tiomin with more time to consider any unsolicited take-over bid for Tiomin and pursue, if appropriate, other value enhancing alternatives to allow Tiomin's shareholders to receive full and fair value for Tiomin's common shares. It is not intended to deter take-over proposals. Tiomin is not aware of any pending or threatened take-over initiatives directed at the Company.
A copy of the Rights Plan will be available on the Company's website at www.tiomin.com and on SEDAR at www.sedar.com.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration and development of industrial mineral, gold and base metal projects. Jinchuan Group Limited ('Jinchuan'), one of China's largest mining companies, owns approximately 20% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at September 30, 2008), a 49% interest in the Pukaqaqa copper and gold project in Peru and currently 100% interest in the Kwale titanium project in Kenya. Tiomin's share price currently only reflects the value of its cash position and it receives no value for its other assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a company focused on mineral exploration in sub-Saharan Africa, and the Company has earned a 70% interest in a joint venture company, Xinjiang Pacific Resources ('XPR'), which has portfolio of exploration properties that are in the Altay Shan mineral belt in Xinjiang Province in northwestern China. The Company has a right to earn up to 90% of XPR.
To find out more about Tiomin Resources Inc., please visit the company website atwww.tiomin.com.
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
http://www.marketwire.com/press-release/Tiomin-Resources-Inc…
http://biz.yahoo.com/ccn/090102/200901020504845001.html?.v=1
Re: News Release - Friday, January 02, 2009
Tiomin Resources Makes Changes to Board of Directors
=======================================================================
TORONTO - January 2, 2009: Tiomin Resources Inc. (TSX: TIO) ('Tiomin'
or the 'Company') announced today that Mario Caron joined its Board of
Directors on January 1, 2009 to replace Tom Ogryzlo, who resigned as a
Director effective December 31, 2008. In addition, Jean-Charles Potvin
resigned as Executive-Chairman and was immediately reappointed as
Chairman, effective January 1, 2009.
The Company welcomes Mario Caron to the Board. Mr. Caron is President,
CEO and a Director of AXMIN Inc. (AXM-TSX Venture), an exploration
company with a track record of finding and developing mines in Africa.
Prior to joining AXMIN in January 2008, Mr. Caron was President and CEO
of Tiberon Minerals Ltd., a former Toronto listed company developing a
large tungsten fluorite deposit in Vietnam. Mr. Caron's African
experience includes being Vice President of Defiance Mining
Corporation, which held the Tasiast gold project in Mauritania, and
President and CEO of Eden Roc Mineral Corp., a gold producer in Côte
d'Ivoire. He holds a Bachelor of Engineering, Mining from McGill
University in Montréal.
Mr. Potvin stated "We are delighted to welcome such a seasoned
executive as Mario Caron to our Board and very sorry to say goodbye to
Tom Ogryzlo, whose guidance and expertise has been greatly appreciated
by the Board and management of Tiomin since 1995. Tom's broad business
experience in mining projects around the world will be missed".
Discussing Mr. Potvin's change of role, Robert Jackson, President &
CEO, said "The Board felt it was time to adopt a more conventional
executive structure. Separating the Chairman of the Board function
from direct executive responsibilities is consistent with good
corporate governance. Mr. Potvin remains energetically committed to
restoring shareholder value to Tiomin".
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan Group Limited ('Jinchuan'), one of China's largest mining
companies, owns approximately 20% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at
September 30, 2008), a 49% interest in the Pukaqaqa copper and gold
project in Peru and currently 100% interest in the Kwale titanium
project in Kenya. Tiomin's share price currently reflects a
substantial discount to its cash position and it receives no value for
its other assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a
company focused on gold exploration in sub-Saharan Africa, and the
Company has earned a 70% interest in a joint venture company, Xinjiang
Pacific Resources ('XPR'), which has portfolio of exploration
properties that are in the Altay Shan mineral belt in Xinjiang Province
in northwestern China. The Company has a right to earn up to 90% of
XPR.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Re: News Release - Friday, January 02, 2009
Tiomin Resources Makes Changes to Board of Directors
=======================================================================
TORONTO - January 2, 2009: Tiomin Resources Inc. (TSX: TIO) ('Tiomin'
or the 'Company') announced today that Mario Caron joined its Board of
Directors on January 1, 2009 to replace Tom Ogryzlo, who resigned as a
Director effective December 31, 2008. In addition, Jean-Charles Potvin
resigned as Executive-Chairman and was immediately reappointed as
Chairman, effective January 1, 2009.
The Company welcomes Mario Caron to the Board. Mr. Caron is President,
CEO and a Director of AXMIN Inc. (AXM-TSX Venture), an exploration
company with a track record of finding and developing mines in Africa.
Prior to joining AXMIN in January 2008, Mr. Caron was President and CEO
of Tiberon Minerals Ltd., a former Toronto listed company developing a
large tungsten fluorite deposit in Vietnam. Mr. Caron's African
experience includes being Vice President of Defiance Mining
Corporation, which held the Tasiast gold project in Mauritania, and
President and CEO of Eden Roc Mineral Corp., a gold producer in Côte
d'Ivoire. He holds a Bachelor of Engineering, Mining from McGill
University in Montréal.
Mr. Potvin stated "We are delighted to welcome such a seasoned
executive as Mario Caron to our Board and very sorry to say goodbye to
Tom Ogryzlo, whose guidance and expertise has been greatly appreciated
by the Board and management of Tiomin since 1995. Tom's broad business
experience in mining projects around the world will be missed".
Discussing Mr. Potvin's change of role, Robert Jackson, President &
CEO, said "The Board felt it was time to adopt a more conventional
executive structure. Separating the Chairman of the Board function
from direct executive responsibilities is consistent with good
corporate governance. Mr. Potvin remains energetically committed to
restoring shareholder value to Tiomin".
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan Group Limited ('Jinchuan'), one of China's largest mining
companies, owns approximately 20% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at
September 30, 2008), a 49% interest in the Pukaqaqa copper and gold
project in Peru and currently 100% interest in the Kwale titanium
project in Kenya. Tiomin's share price currently reflects a
substantial discount to its cash position and it receives no value for
its other assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a
company focused on gold exploration in sub-Saharan Africa, and the
Company has earned a 70% interest in a joint venture company, Xinjiang
Pacific Resources ('XPR'), which has portfolio of exploration
properties that are in the Altay Shan mineral belt in Xinjiang Province
in northwestern China. The Company has a right to earn up to 90% of
XPR.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Tiomin Resources Comments on 2009 Outlook & Strategy
January 7, 2009
Tiomin is actively reviewing merger and acquisition opportunities created by the combined impact of collapsing commodity prices and difficult capital markets. Companies with producing or near-producing assets that would normally be able to raise the modest amounts of capital required to start production are unable to do so, creating potential merger candidates for Tiomin. In addition, the Company is considering a share buy-back program to purchase its shares in the marketplace at a large discount to their cash value. Tiomin had approximately $20.6 million of cash at September 30, 2008.
In Kenya, the proposed transaction with Jinchuan Group Limited ('Jinchuan'), described in the press release of July 29 2008, in which Jinchuan acquires 70% of Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project'), for US$25 million invested into TKL and a commitment to finance and build the project, remains incomplete. Despite the obvious benefits of the project to Kenya, the Government of Kenya has still not completed the remaining bureaucratic steps required to close the transaction, although it has made some progress. Jinchuan is now funding the majority of the costs of supporting TKL on a month-by-month basis and Tiomin sees no reason to terminate the July 29 agreement while this arrangement continues. Jinchuan owns approximately 20% of Tiomin.
In Peru, no material exploration work is underway at Tiomin's 49%-owned Pukaqaqa copper-gold property due to general economic uncertainty. The project remains highly prospective and Tiomin is optimistic that work aimed at expanding resources will resume when market conditions return to normal.
In addition, Tiomin is considering a further investment in its 17.9%-owned Kivu Gold Corporation, a private related-party company focused on gold exploration in sub-Saharan Africa, and is evaluating its continuing commitment to exploration in the Altay Shan mineral belt in Xinjiang Province in northwestern China.
http://finance.yahoo.com/news/Tiomin-Resources-Comments-on-c…
January 7, 2009
Tiomin is actively reviewing merger and acquisition opportunities created by the combined impact of collapsing commodity prices and difficult capital markets. Companies with producing or near-producing assets that would normally be able to raise the modest amounts of capital required to start production are unable to do so, creating potential merger candidates for Tiomin. In addition, the Company is considering a share buy-back program to purchase its shares in the marketplace at a large discount to their cash value. Tiomin had approximately $20.6 million of cash at September 30, 2008.
In Kenya, the proposed transaction with Jinchuan Group Limited ('Jinchuan'), described in the press release of July 29 2008, in which Jinchuan acquires 70% of Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project'), for US$25 million invested into TKL and a commitment to finance and build the project, remains incomplete. Despite the obvious benefits of the project to Kenya, the Government of Kenya has still not completed the remaining bureaucratic steps required to close the transaction, although it has made some progress. Jinchuan is now funding the majority of the costs of supporting TKL on a month-by-month basis and Tiomin sees no reason to terminate the July 29 agreement while this arrangement continues. Jinchuan owns approximately 20% of Tiomin.
In Peru, no material exploration work is underway at Tiomin's 49%-owned Pukaqaqa copper-gold property due to general economic uncertainty. The project remains highly prospective and Tiomin is optimistic that work aimed at expanding resources will resume when market conditions return to normal.
In addition, Tiomin is considering a further investment in its 17.9%-owned Kivu Gold Corporation, a private related-party company focused on gold exploration in sub-Saharan Africa, and is evaluating its continuing commitment to exploration in the Altay Shan mineral belt in Xinjiang Province in northwestern China.
http://finance.yahoo.com/news/Tiomin-Resources-Comments-on-c…
News Releases - Wednesday, January 14, 2009
Tiomin Extends Freegold Ventures' Bridge Loan
=======================================================================
TORONTO - January 14, 2009: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) announced today that it renegotiated the terms of
the US$2 million bridge loan the Company advanced to Freegold Ventures
Limited ('Freegold') on August 22, 2008. Freegold, as a result of a
delay in obtaining additional financing, requested the loan repayment
date of January 15, 2009 be extended to February 10, 2009.
Freegold announced today that it has received terms from a private
European lender for a secured line of credit of up to US $10 million
with the closing of the facility expected to be within the next three
weeks. Funds drawn under this facility will be used to repay in full
each of Freegold's US $2 million bridge loans owed to Tiomin and
another lender. Closing of this facility is expected to occur within
the next three weeks, and in consideration of this timing, the Tiomin
agreed to extend the maturity of its loan to February 10, 2009. As
consideration of this extension, the exercise price of the 350,000
warrants received at the time the bridge loans were advanced will be
reduced from $0.55 to $0.30, and Tiomin will receive an additional
250,000 common shares of Freegold. The other terms and conditions of
the bridge loan will remain unchanged.
About Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt:
FR4)
Freegold is a North American exploration and development company with a
management team experienced in mine development and production that has
a proven track-record in transitioning exploration companies into gold
producers. Freegold is currently exploring advanced-stage gold projects
in Idaho and Alaska. More details regarding these projects can be
obtained by reviewing its website, www.freegoldventures.com, and
reviewing its recent press releases.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan Group Limited ('Jinchuan'), one of China's largest mining
companies, owns approximately 20% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at
September 30, 2008), a 49% interest in the Pukaqaqa copper and gold
project in Peru and currently 100% interest in the Kwale titanium
project in Kenya. Tiomin's share price currently only reflects the
value of its cash position and it receives no value for its other
assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a
company focused on mineral exploration in sub-Saharan Africa, and the
Company has earned a 70% interest in a joint venture company, Xinjiang
Pacific Resources ('XPR'), which has portfolio of exploration
properties that are in the Altay Shan mineral belt in Xinjiang Province
in northwestern China. The Company has a right to earn up to 90% of
XPR.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
====================================================================
Hier noch eine News, die den Kurs beflügeln könnte, da Tiomin bei der TSX beantragt hat, eigene Aktien zu kaufen, bis zu einem Anteil von 5 % für die Dauer eines Jahres:
=======================================================================
Re: News Release - Wednesday, January 14, 2009
Tiomin Announces Tsx Approval Of Normal Course Issuer Bid
=======================================================================
TORONTO - January 14, 2009: Tiomin Resources Inc. ("Tiomin" or the
"Company") (TSX:TIO: Tiomin) announces that the Toronto Stock Exchange
("TSX") has accepted the Company's notice of its intention to purchase
common shares pursuant to a normal course issuer bid.
Under this normal course issuer bid, Tiomin will be permitted to
repurchase up to 5 percent of the common shares outstanding over a one
year period or an aggregate of up to 24,040,690 common shares. The
purchases by the Company will be effected through the facilities of the
TSX and will be made at the market price of the common shares at the
time of purchase. As at January 13, 2009, there were 480,813,803
Tiomin common shares issued and outstanding. All shares purchased by
the Company will be subsequently cancelled.
"Our view is that current market prices for our shares do not reflect
the fundamental value of Tiomin's assets", said Robert W. Jackson,
President and Chief Executive Officer of Tiomin.
During the most recently completed six months, the average daily
trading volume for the common shares of Tiomin on the TSX was 1,585,770
shares. Consequently, under the rules and policies of the TSX, Tiomin
will have the right to repurchase, during any one trading day, a
maximum of 792,885 common shares until March 31, 2009, representing 50%
of the average daily trading volume and 396,442 common shares
thereafter for the duration of the bid, representing 25% of the average
daily trading volume. In addition, Tiomin may make, once per calendar
week, a block purchase (as such term is defined in the TSX Company
Manual) of common shares not directly or indirectly owned by insiders
of Tiomin, in accordance with the rules and policies of the TSX.
Any purchase made pursuant to the normal course issuer bid will be made
in accordance with the rules of the Toronto Stock Exchange. Tiomin
will make no purchases of common shares other than open market
purchases during the period of the normal course issuer bid. To the
knowledge of Tiomin, no director or officer of Tiomin intends to sell
Tiomin shares while the normal course issuer bid is in effect.
The normal course issuer bid will commence on January 16, 2009 and end
no later than January 15, 2010.
Tiomin has appointed Blackmont Capital Inc. to make the purchases on
its behalf.
Tiomin also announces that, further to its press release dated January
7, 2009, the TSX has accepted notice of its proposed further investment
(the "Kivu Transaction") in Kivu Gold Corporation ("Kivu"), a private
company incorporated under the Canada Business Corporations Act. In
accordance with such notice, Tiomin proposes to invest up to
approximately $1,500,000 in the capital of Kivu in exchange for up to
6,976,744 common shares of Kivu, representing an issue price of $0.215
per Kivu common share.
Kivu is a company controlled by the directors and officers of the
Company. The Company holds 4,000,000 common shares of Kivu, or
approximately 17.2% of the 23,230,000 issued and outstanding common
shares of Kivu. The directors, officers and employees hold 12,050,000
common shares of Kivu, of which 11,250,000 common shares are held by
the Chairman and the President and CEO of the Company, who are also
directors of Kivu.
The Kivu Transaction is subject to, among other things, the approval of
the independent members of the board of directors of the Company.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan Group Limited ('Jinchuan'), one of China's largest mining
companies, owns approximately 18.7% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at
September 30, 2008), a 49% interest in the Pukaqaqa copper and gold
project in Peru and currently 100% interest in the Kwale titanium
project in Kenya. Tiomin's share price currently only reflects the
value of its cash position and it receives no value for its other
assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a
company focused on mineral exploration in sub-Saharan Africa, and the
Company has earned a 70% interest in a joint venture company, Xinjiang
Pacific Resources ('XPR'), which has portfolio of exploration
properties that are in the Altay Shan mineral belt in Xinjiang Province
in northwestern China. The Company has a right to earn up to 90% of
XPR.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Tiomin Extends Freegold Ventures' Bridge Loan
=======================================================================
TORONTO - January 14, 2009: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) announced today that it renegotiated the terms of
the US$2 million bridge loan the Company advanced to Freegold Ventures
Limited ('Freegold') on August 22, 2008. Freegold, as a result of a
delay in obtaining additional financing, requested the loan repayment
date of January 15, 2009 be extended to February 10, 2009.
Freegold announced today that it has received terms from a private
European lender for a secured line of credit of up to US $10 million
with the closing of the facility expected to be within the next three
weeks. Funds drawn under this facility will be used to repay in full
each of Freegold's US $2 million bridge loans owed to Tiomin and
another lender. Closing of this facility is expected to occur within
the next three weeks, and in consideration of this timing, the Tiomin
agreed to extend the maturity of its loan to February 10, 2009. As
consideration of this extension, the exercise price of the 350,000
warrants received at the time the bridge loans were advanced will be
reduced from $0.55 to $0.30, and Tiomin will receive an additional
250,000 common shares of Freegold. The other terms and conditions of
the bridge loan will remain unchanged.
About Freegold Ventures Limited (TSX: ITF, OTCBB: FGOVF, Frankfurt:
FR4)
Freegold is a North American exploration and development company with a
management team experienced in mine development and production that has
a proven track-record in transitioning exploration companies into gold
producers. Freegold is currently exploring advanced-stage gold projects
in Idaho and Alaska. More details regarding these projects can be
obtained by reviewing its website, www.freegoldventures.com, and
reviewing its recent press releases.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan Group Limited ('Jinchuan'), one of China's largest mining
companies, owns approximately 20% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at
September 30, 2008), a 49% interest in the Pukaqaqa copper and gold
project in Peru and currently 100% interest in the Kwale titanium
project in Kenya. Tiomin's share price currently only reflects the
value of its cash position and it receives no value for its other
assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a
company focused on mineral exploration in sub-Saharan Africa, and the
Company has earned a 70% interest in a joint venture company, Xinjiang
Pacific Resources ('XPR'), which has portfolio of exploration
properties that are in the Altay Shan mineral belt in Xinjiang Province
in northwestern China. The Company has a right to earn up to 90% of
XPR.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
====================================================================
Hier noch eine News, die den Kurs beflügeln könnte, da Tiomin bei der TSX beantragt hat, eigene Aktien zu kaufen, bis zu einem Anteil von 5 % für die Dauer eines Jahres:
=======================================================================
Re: News Release - Wednesday, January 14, 2009
Tiomin Announces Tsx Approval Of Normal Course Issuer Bid
=======================================================================
TORONTO - January 14, 2009: Tiomin Resources Inc. ("Tiomin" or the
"Company") (TSX:TIO: Tiomin) announces that the Toronto Stock Exchange
("TSX") has accepted the Company's notice of its intention to purchase
common shares pursuant to a normal course issuer bid.
Under this normal course issuer bid, Tiomin will be permitted to
repurchase up to 5 percent of the common shares outstanding over a one
year period or an aggregate of up to 24,040,690 common shares. The
purchases by the Company will be effected through the facilities of the
TSX and will be made at the market price of the common shares at the
time of purchase. As at January 13, 2009, there were 480,813,803
Tiomin common shares issued and outstanding. All shares purchased by
the Company will be subsequently cancelled.
"Our view is that current market prices for our shares do not reflect
the fundamental value of Tiomin's assets", said Robert W. Jackson,
President and Chief Executive Officer of Tiomin.
During the most recently completed six months, the average daily
trading volume for the common shares of Tiomin on the TSX was 1,585,770
shares. Consequently, under the rules and policies of the TSX, Tiomin
will have the right to repurchase, during any one trading day, a
maximum of 792,885 common shares until March 31, 2009, representing 50%
of the average daily trading volume and 396,442 common shares
thereafter for the duration of the bid, representing 25% of the average
daily trading volume. In addition, Tiomin may make, once per calendar
week, a block purchase (as such term is defined in the TSX Company
Manual) of common shares not directly or indirectly owned by insiders
of Tiomin, in accordance with the rules and policies of the TSX.
Any purchase made pursuant to the normal course issuer bid will be made
in accordance with the rules of the Toronto Stock Exchange. Tiomin
will make no purchases of common shares other than open market
purchases during the period of the normal course issuer bid. To the
knowledge of Tiomin, no director or officer of Tiomin intends to sell
Tiomin shares while the normal course issuer bid is in effect.
The normal course issuer bid will commence on January 16, 2009 and end
no later than January 15, 2010.
Tiomin has appointed Blackmont Capital Inc. to make the purchases on
its behalf.
Tiomin also announces that, further to its press release dated January
7, 2009, the TSX has accepted notice of its proposed further investment
(the "Kivu Transaction") in Kivu Gold Corporation ("Kivu"), a private
company incorporated under the Canada Business Corporations Act. In
accordance with such notice, Tiomin proposes to invest up to
approximately $1,500,000 in the capital of Kivu in exchange for up to
6,976,744 common shares of Kivu, representing an issue price of $0.215
per Kivu common share.
Kivu is a company controlled by the directors and officers of the
Company. The Company holds 4,000,000 common shares of Kivu, or
approximately 17.2% of the 23,230,000 issued and outstanding common
shares of Kivu. The directors, officers and employees hold 12,050,000
common shares of Kivu, of which 11,250,000 common shares are held by
the Chairman and the President and CEO of the Company, who are also
directors of Kivu.
The Kivu Transaction is subject to, among other things, the approval of
the independent members of the board of directors of the Company.
About Tiomin Resources Inc.
Tiomin is maximizing shareholder value by the acquisition, exploration
and development of industrial mineral, gold and base metal projects.
Jinchuan Group Limited ('Jinchuan'), one of China's largest mining
companies, owns approximately 18.7% of Tiomin.
Tiomin has three main assets: approximately $20.6 million of cash (at
September 30, 2008), a 49% interest in the Pukaqaqa copper and gold
project in Peru and currently 100% interest in the Kwale titanium
project in Kenya. Tiomin's share price currently only reflects the
value of its cash position and it receives no value for its other
assets in Peru or Kenya.
In addition, Tiomin owns a 17.9% interest in Kivu Gold Corporation, a
company focused on mineral exploration in sub-Saharan Africa, and the
Company has earned a 70% interest in a joint venture company, Xinjiang
Pacific Resources ('XPR'), which has portfolio of exploration
properties that are in the Altay Shan mineral belt in Xinjiang Province
in northwestern China. The Company has a right to earn up to 90% of
XPR.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitute
'forward-looking statements' within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to those respect to the prices of
metals and minerals, estimated future production, estimated costs of
future production and the Company's sales policy, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any forecast results, performance or
achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual prices of copper and
gold, the actual results of current exploration, development and mining
activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's
documents filed from time to time with the Ontario Securities
Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
=======================================================================
Re: News Releases - Tuesday, February 10, 2009
Cadiscor Resources Inc. and Tiomin Resources Inc. Announce
Business Combination
=======================================================================
TORONTO - February 10, 2009: Cadiscor Resources Inc. (TSX-V: CAO)
('Cadiscor') and Tiomin Resources Inc. (TSX: TIO) ('Tiomin') announce
that they have agreed to a transaction whereby Cadiscor and Tiomin will
combine to form a new company ('Newco'). Existing Tiomin and Cadiscor
shareholders will own approximately 53% and 47% of Newco respectively.
In addition, Tiomin has agreed to lend Cadiscor Cdn.$7.5 million, via a
debt facility, to finance the immediate refurbishment and subsequent
restart of the Sleeping Giant mine.
Under the proposed terms of the transaction, Tiomin will consolidate
its currently outstanding 480.8 million common shares ten-for-one and
then combine with Cadiscor, which has 43.3 million common shares
outstanding, on a one-for-one basis. Post-transaction, Newco, which
will be named Cadiscor, will have approximately 91.4 million shares
outstanding.
Tiomin and Cadiscor have agreed not to solicit alternative transactions
to the proposed transaction and have agreed to pay a break fee of
Cdn$1.0 million in certain circumstances.
Completion of the transaction is subject to the completion of
definitive documentation and due diligence reviews and to regulatory,
stock exchange, corporate and shareholder approval.
Michel Bouchard, President and Chief Executive Officer of Cadiscor,
stated: "We believe this transaction will greatly improve our financial
strength allowing Cadiscor to fast-track the resumption of gold
production at the Sleeping Giant mine in northern Quebec in 2009. This
business combination will diversify our asset base with a diversified
portfolio of copper-gold assets which includes Cadiscor's Discovery
Project and other highly prospective gold exploration properties in
Quebec, a 49% contributing interest in the Pukaqaqa copper-gold deposit
in Peru, a 100% interest in the Kwale titanium mineral sands project in
Kenya and a 17.2% interest in Kivu Gold Corp, which owns an extensive
portfolio of gold exploration properties in sub-Saharan Africa. Newco
plans to pursue an aggressive growth strategy around its core
gold-producing asset, the Sleeping Giant mine".
Robert Jackson, President and Chief Executive Officer of Tiomin, said:
"This accretive merger benefits the shareholders of both companies,
creating a well-capitalized platform on which to build the next
intermediate gold producer. Newco has near-term, profitable gold
production, a strong project pipeline, a solid balance sheet and an
experienced team of operating managers and directors. Cadiscor's NI
43-101 technical report on the Sleeping Giant mine, dated September 23,
2008, stated that current mineral reserves could generate a profit of
$16 million in the first 16 months of operation at a gold price of
Cdn.$850/oz and an annual production rate of 52,000 oz/year. The
current gold price is Cdn.$1,100/oz and the increased revenue largely
flows to the bottom line. We are evaluating deepening the 1,000m deep
shaft by 300m to access additional resources, which have historically
occurred at about 1,000 oz per vertical meter. Sleeping Giant has
operated for 20 years and produced about one million ounces of gold
with approximately the same resources in hand as the mine has today.
This strong new company will be well positioned to leverage continued
strength in the price of gold in 2009 and we strongly encourage our
shareholders to support the transaction".
JC Potvin, is a director and Chairman of Tiomin and a director of
Cadiscor and as such Mr. Potvin excused himself from the voting to
approve this proposed transaction by each of the boards of directors of
Tiomin and Cadiscor .
Highlights of the transaction
Upon completion of the transaction, Newco will have:
- Approximately $15-million in cash and cash equivalents;
- Annual production of approximately 50,000 oz/year of gold when
production restarts at the Sleeping Giant Mine in Q3 2009;
- Future potential production growth of 44,000 oz/year at the Discovery
Project, based on the NI 43-101 compliant Scoping Study filed on
September 29, 2008;
- Cadiscor 's previously disclosed gold reserves and resources at
Sleeping Giant and the Discovery Project;
- Tiomin's previously disclosed resources in Kenya, where Jinchuan
Group Limited is in advanced discussions to finance and develop the
Kwale project, and Peru;
- Promising gold and base metal exploration potential at the Dormex and
Flordin gold projects in Quebec and through Tiomin's copper and gold
properties in Peru and Africa;
- Management and Board of Directors with experience in operating,
developing and financing international mining companies;
- Strategic regional positioning of the Sleeping Giant mine and mill;
- Exposure to the expected consolidation in the gold industry; and
- Exposure to international exploration potential.
Management and Board of Directors of Newco
The board of directors of Newco will comprise three representatives of
Cadiscor and four representatives of Tiomin. Mr. Jean-Charles Potvin
will be appointed as Chairman of the Board and Mr. Michel Bouchard will
be President and Chief Executive Officer. Mr. Robert Jackson will be
Vice President, Corporate Development.
Update on Freegold Ventures Limited
Separately, Tiomin announces that Freegold Ventures Limited (TSX: ITF,
OTCBB: FGOVF, Frankfurt: FR4) has defaulted on the debt repayment to
Tiomin of US$2.0 million due February 10, 2009. Tiomin is reviewing its
legal response.
To find out more about Cadiscor Resources Inc., please visit the
company website at www.cadiscor.com.
For further information on Cadiscor please contact:
Michel Bouchard, President
Email : mbouchard@cadiscor.com
Phone : 450-449-0066 / 1-877-440-0066
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of Tiomin and Cadiscor filed from
time to time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Re: News Releases - Tuesday, February 10, 2009
Cadiscor Resources Inc. and Tiomin Resources Inc. Announce
Business Combination
=======================================================================
TORONTO - February 10, 2009: Cadiscor Resources Inc. (TSX-V: CAO)
('Cadiscor') and Tiomin Resources Inc. (TSX: TIO) ('Tiomin') announce
that they have agreed to a transaction whereby Cadiscor and Tiomin will
combine to form a new company ('Newco'). Existing Tiomin and Cadiscor
shareholders will own approximately 53% and 47% of Newco respectively.
In addition, Tiomin has agreed to lend Cadiscor Cdn.$7.5 million, via a
debt facility, to finance the immediate refurbishment and subsequent
restart of the Sleeping Giant mine.
Under the proposed terms of the transaction, Tiomin will consolidate
its currently outstanding 480.8 million common shares ten-for-one and
then combine with Cadiscor, which has 43.3 million common shares
outstanding, on a one-for-one basis. Post-transaction, Newco, which
will be named Cadiscor, will have approximately 91.4 million shares
outstanding.
Tiomin and Cadiscor have agreed not to solicit alternative transactions
to the proposed transaction and have agreed to pay a break fee of
Cdn$1.0 million in certain circumstances.
Completion of the transaction is subject to the completion of
definitive documentation and due diligence reviews and to regulatory,
stock exchange, corporate and shareholder approval.
Michel Bouchard, President and Chief Executive Officer of Cadiscor,
stated: "We believe this transaction will greatly improve our financial
strength allowing Cadiscor to fast-track the resumption of gold
production at the Sleeping Giant mine in northern Quebec in 2009. This
business combination will diversify our asset base with a diversified
portfolio of copper-gold assets which includes Cadiscor's Discovery
Project and other highly prospective gold exploration properties in
Quebec, a 49% contributing interest in the Pukaqaqa copper-gold deposit
in Peru, a 100% interest in the Kwale titanium mineral sands project in
Kenya and a 17.2% interest in Kivu Gold Corp, which owns an extensive
portfolio of gold exploration properties in sub-Saharan Africa. Newco
plans to pursue an aggressive growth strategy around its core
gold-producing asset, the Sleeping Giant mine".
Robert Jackson, President and Chief Executive Officer of Tiomin, said:
"This accretive merger benefits the shareholders of both companies,
creating a well-capitalized platform on which to build the next
intermediate gold producer. Newco has near-term, profitable gold
production, a strong project pipeline, a solid balance sheet and an
experienced team of operating managers and directors. Cadiscor's NI
43-101 technical report on the Sleeping Giant mine, dated September 23,
2008, stated that current mineral reserves could generate a profit of
$16 million in the first 16 months of operation at a gold price of
Cdn.$850/oz and an annual production rate of 52,000 oz/year. The
current gold price is Cdn.$1,100/oz and the increased revenue largely
flows to the bottom line. We are evaluating deepening the 1,000m deep
shaft by 300m to access additional resources, which have historically
occurred at about 1,000 oz per vertical meter. Sleeping Giant has
operated for 20 years and produced about one million ounces of gold
with approximately the same resources in hand as the mine has today.
This strong new company will be well positioned to leverage continued
strength in the price of gold in 2009 and we strongly encourage our
shareholders to support the transaction".
JC Potvin, is a director and Chairman of Tiomin and a director of
Cadiscor and as such Mr. Potvin excused himself from the voting to
approve this proposed transaction by each of the boards of directors of
Tiomin and Cadiscor .
Highlights of the transaction
Upon completion of the transaction, Newco will have:
- Approximately $15-million in cash and cash equivalents;
- Annual production of approximately 50,000 oz/year of gold when
production restarts at the Sleeping Giant Mine in Q3 2009;
- Future potential production growth of 44,000 oz/year at the Discovery
Project, based on the NI 43-101 compliant Scoping Study filed on
September 29, 2008;
- Cadiscor 's previously disclosed gold reserves and resources at
Sleeping Giant and the Discovery Project;
- Tiomin's previously disclosed resources in Kenya, where Jinchuan
Group Limited is in advanced discussions to finance and develop the
Kwale project, and Peru;
- Promising gold and base metal exploration potential at the Dormex and
Flordin gold projects in Quebec and through Tiomin's copper and gold
properties in Peru and Africa;
- Management and Board of Directors with experience in operating,
developing and financing international mining companies;
- Strategic regional positioning of the Sleeping Giant mine and mill;
- Exposure to the expected consolidation in the gold industry; and
- Exposure to international exploration potential.
Management and Board of Directors of Newco
The board of directors of Newco will comprise three representatives of
Cadiscor and four representatives of Tiomin. Mr. Jean-Charles Potvin
will be appointed as Chairman of the Board and Mr. Michel Bouchard will
be President and Chief Executive Officer. Mr. Robert Jackson will be
Vice President, Corporate Development.
Update on Freegold Ventures Limited
Separately, Tiomin announces that Freegold Ventures Limited (TSX: ITF,
OTCBB: FGOVF, Frankfurt: FR4) has defaulted on the debt repayment to
Tiomin of US$2.0 million due February 10, 2009. Tiomin is reviewing its
legal response.
To find out more about Cadiscor Resources Inc., please visit the
company website at www.cadiscor.com.
For further information on Cadiscor please contact:
Michel Bouchard, President
Email : mbouchard@cadiscor.com
Phone : 450-449-0066 / 1-877-440-0066
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of Tiomin and Cadiscor filed from
time to time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
=======================================================================
Re: News Release - Thursday, February 19, 2009
Tiomin Provides General Update
=======================================================================
TORONTO -- February 19, 2009: Tiomin Resources Inc. (TSX: TIO)
('Tiomin' or the 'Company') announced a number of updates regarding its
strategy and the significant developments to date in 2009. The updates
address the status of the following:
a) China exploration activity suspended;
b) Jinchuan Group ('Jinchuan') acquisition of 70% of Tiomin Kenya
Limited ongoing; and
c) Merger and acquisition strategy.
a) China -- Subsequent to Tiomin's September 2008 acquisition of
Radiant Resources Inc. its 'Chinese-Foreign Co-operative Joint Venture'
company Xinjiang Pacific Resources Corporation ('XPR') continued
exploration work. Due to changing market conditions and other strategic
priorities the Company's management decided, on February 18, 2009, to
suspend further exploration activities in the area. As a result,
charges for impairment in value of mineral properties and deferred
exploration of $2.144 million and $3.085 million were recorded
effective December 31, 2008. The Company is actively seeking another
joint venture partner or other investor in order to obtain future value
from the XPR investment.
b) Jinchuan acquisition of 70% of Tiomin Kenya Limited -- Jinchuan
continues to co-operate with Tiomin while negotiating the required
assistance and support from the Government of Kenya ('GoK') necessary
to reach a definitive investment agreement and make the Kwale Mineral
Sands project a reality. The Company continues to honour the Memorandum
of Understanding while Jinchuan provides monthly contributions to
maintain the existing 'care and maintenance' operations in Kenya.
Further information will be released when the GoK meet the requirements
of the project to Jinchuan's satisfaction.
c) Merger & Acquisition Strategy -- Tiomin, as previously stated, is
actively reviewing merger and acquisition ('M&A') opportunities created
by the combined impact of changing commodity prices and difficult
capital markets. Although the proposed transaction with Cadiscor
Resources was subsequently terminated by mutual agreement of the two
companies, Tiomin believes its M&A strategy will lead to value
creation. Companies with producing or near-producing assets that may be
having difficulty raising the modest amounts of capital required to
start production are potential merger candidates for Tiomin.
Bob Jackson, President and CEO, commented that "The Company continues
to actively and diligently pursue exploration and investment
opportunities to enhance shareholder value and we expect that the
Company's present Board of Directors and management team will generate
the desired results in 2009."
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=====================================================================
=======================================================================
Tiomin Resources And Cadiscor Resources Will Not Proceed With
Proposed Business Combination
=======================================================================
TORONTO - February 19, 2009: Tiomin Resources Inc. (TSX: TIO)
('Tiomin' or the 'Company') and Cadiscor Resources Inc. (CAO, TSX-V)
('Cadiscor') announced today that they will not proceed with the
business combination as announced on February 10, 2009.
As a result of the recent announcement by Jaguar Financial Corp,
Cadiscor and Tiomin mutually agreed to terminate the arrangements
reached on February 09, 2009.
As part of the proposed transaction, Tiomin completed a thorough
Technical Due Diligence review on Cadiscor and on its main asset, the
Sleeping Giant Mine, including the engagement of Scott Wilson Roscoe
Postle Associates Inc., an Independent Firm of geological and mining
consultants, which reviewed and confirmed the development plan of the
Sleeping Giant Mine, as well as the financial soundness of the
development and production plan for the continuing company.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Re: News Release - Thursday, February 19, 2009
Tiomin Provides General Update
=======================================================================
TORONTO -- February 19, 2009: Tiomin Resources Inc. (TSX: TIO)
('Tiomin' or the 'Company') announced a number of updates regarding its
strategy and the significant developments to date in 2009. The updates
address the status of the following:
a) China exploration activity suspended;
b) Jinchuan Group ('Jinchuan') acquisition of 70% of Tiomin Kenya
Limited ongoing; and
c) Merger and acquisition strategy.
a) China -- Subsequent to Tiomin's September 2008 acquisition of
Radiant Resources Inc. its 'Chinese-Foreign Co-operative Joint Venture'
company Xinjiang Pacific Resources Corporation ('XPR') continued
exploration work. Due to changing market conditions and other strategic
priorities the Company's management decided, on February 18, 2009, to
suspend further exploration activities in the area. As a result,
charges for impairment in value of mineral properties and deferred
exploration of $2.144 million and $3.085 million were recorded
effective December 31, 2008. The Company is actively seeking another
joint venture partner or other investor in order to obtain future value
from the XPR investment.
b) Jinchuan acquisition of 70% of Tiomin Kenya Limited -- Jinchuan
continues to co-operate with Tiomin while negotiating the required
assistance and support from the Government of Kenya ('GoK') necessary
to reach a definitive investment agreement and make the Kwale Mineral
Sands project a reality. The Company continues to honour the Memorandum
of Understanding while Jinchuan provides monthly contributions to
maintain the existing 'care and maintenance' operations in Kenya.
Further information will be released when the GoK meet the requirements
of the project to Jinchuan's satisfaction.
c) Merger & Acquisition Strategy -- Tiomin, as previously stated, is
actively reviewing merger and acquisition ('M&A') opportunities created
by the combined impact of changing commodity prices and difficult
capital markets. Although the proposed transaction with Cadiscor
Resources was subsequently terminated by mutual agreement of the two
companies, Tiomin believes its M&A strategy will lead to value
creation. Companies with producing or near-producing assets that may be
having difficulty raising the modest amounts of capital required to
start production are potential merger candidates for Tiomin.
Bob Jackson, President and CEO, commented that "The Company continues
to actively and diligently pursue exploration and investment
opportunities to enhance shareholder value and we expect that the
Company's present Board of Directors and management team will generate
the desired results in 2009."
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=====================================================================
=======================================================================
Tiomin Resources And Cadiscor Resources Will Not Proceed With
Proposed Business Combination
=======================================================================
TORONTO - February 19, 2009: Tiomin Resources Inc. (TSX: TIO)
('Tiomin' or the 'Company') and Cadiscor Resources Inc. (CAO, TSX-V)
('Cadiscor') announced today that they will not proceed with the
business combination as announced on February 10, 2009.
As a result of the recent announcement by Jaguar Financial Corp,
Cadiscor and Tiomin mutually agreed to terminate the arrangements
reached on February 09, 2009.
As part of the proposed transaction, Tiomin completed a thorough
Technical Due Diligence review on Cadiscor and on its main asset, the
Sleeping Giant Mine, including the engagement of Scott Wilson Roscoe
Postle Associates Inc., an Independent Firm of geological and mining
consultants, which reviewed and confirmed the development plan of the
Sleeping Giant Mine, as well as the financial soundness of the
development and production plan for the continuing company.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Re: News Releases - Thursday, February 25, 2009
Tiomin Corrects and & Responds to Jaguar Press Release
=======================================================================
TORONTO - February 25, 2009: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) wishes to correct and clarify the press release
issued today by Jaguar Financial Corp. ('Jaguar') (TSX: JFC).
Jaguar incorrectly states in its press release that Robert Jackson,
President & CEO of Tiomin, is currently also a director of Freegold
Ventures Limited ('Freegold') and then draws a connection with the
extension of the loan by Tiomin to Freegold. As plainly stated on
SEDI, Mr. Jackson resigned from the board of Freegold prior to the
payment default in January 2009 to remove any conflict between the
interests of Tiomin and Freegold. Tiomin's shareholders should also
note that the Tiomin loan to Freegold is subordinate to the lead lender
in the United States and that the decision to extend the loan and the
determination of the terms and length of the extension were
unilaterally decided by this lender and not by Tiomin. The Company did
however negotiate to receive the same compensation and terms that the
lead lender received. Tiomin encourages Jaguar to check its facts
before introducing incorrect information into the public domain.
Tiomin's board of directors ('the board') entirely refutes the
insinuation the Company acted improperly in proposing the merger with
Cadiscor Resources Inc. ('Cadiscor'). Tiomin established an
independent committee of the board to review the transaction, had
indications from an investment dealer that the transaction was fair to
Tiomin and obtained a technical due diligence report from Scott Wilson
RPA, a respected international mining consultant, indicating no fatal
flaws with the property. Mr. Potvin sits on the board of Tiomin and
Cadiscor but it is not abnormal for individuals to sit on the boards of
both companies involved in a transaction. There are standard
procedures to follow in these circumstances that Tiomin and Mr. Potvin
followed precisely under the advice of counsel. Mr. Potvin abstained
from voting and recused himself where appropriate. Tiomin and
Cadiscor mutually agreed to cease negotiations on the proposed
arrangement due to factors that arose following the requisition of a
shareholder meeting by Jaguar.
The board also entirely refutes the insinuation that it did not act in
the interests of the Company and shareholders of Tiomin when it
approved investments in Kivu Gold Corp. ('Kivu'). It notes that
Tiomin's investments in Kivu were fully reviewed by the TSX and have
been determined to be fair by qualified independent third parties, both
for technical merit and fairness. The independent directors of the
board carefully reviewed the Kivu transactions for fairness to Tiomin's
shareholders and the board is confident that it has represented the
best interests of Tiomin's shareholders in this respect. All
conflicted individuals abstained from voting. Given that the
transactions were deemed to be fair, in the opinion of the board, the
interests of Tiomin's shareholders have been fully and fairly
represented.
Tiomin encourages its shareholders to understand the nature and history
of Jaguar when evaluating Jaguar's press releases concerning Tiomin.
Tiomin also notes that certain Jaguar shareholders have requested a
meeting to replace the board of Jaguar, to be held on April 9, 2009.
Jaguar's January 15th news release included the following:
"Mr. Bill Iannaci, Chief Executive Officer of Royal Laser Corporation,
requisitioned a meeting of Jaguar shareholders for the purpose of
removing the current Board of Directors of Jaguar and electing a slate
of directors to be proposed by Mr. Iannaci. Mr. Iannaci's alternate
slate of directors will be considered by shareholders at the Meeting,
along with management's proposed slate of directors. At this time, an
alternative slate of directors has not been proposed by Mr. Iannaci."
Mr. Robert Jackson, President and CEO of Tiomin, commented "The board
of Tiomin has never once failed to act fully in the interests of its
shareholders and is disappointed that Jaguar persists in attempting to
create a negative impression, using incorrect information. Tiomin has
a solid portfolio of assets that it continues to nurture is these very
difficult times. We particularly regret that Jaguar is trying to stand
in the way of Tiomin taking advantage of opportunities currently
available in the market."
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan Group Limited ('Jinchuan'), one of China's largest
mining companies, owns approximately 18.7% of Tiomin.
Tiomin has four main assets:
1. approximately $17.3 million of working capital (after the Feb. 20th Kivu Gold Corp. investment);
2. 49% interest in the Pukaqaqa copper and gold project in Peru;
3. 100% interest in the Kwale titanium project in Kenya; and
4. 33.5% interest in Kivu Gold Corporation, a mineral exploration focused on sub-Saharan Africa.
Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project ('Kwale') by contributing US$25 million in cash
directly in TKL and by providing 100% of the financing required to
build and operate Kwale. Under this proposed transaction Tiomin retains
a 30% ownership interest in TKL and its future net cash flow from a
successful Kwale project.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
Tiomin Corrects and & Responds to Jaguar Press Release
=======================================================================
TORONTO - February 25, 2009: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) wishes to correct and clarify the press release
issued today by Jaguar Financial Corp. ('Jaguar') (TSX: JFC).
Jaguar incorrectly states in its press release that Robert Jackson,
President & CEO of Tiomin, is currently also a director of Freegold
Ventures Limited ('Freegold') and then draws a connection with the
extension of the loan by Tiomin to Freegold. As plainly stated on
SEDI, Mr. Jackson resigned from the board of Freegold prior to the
payment default in January 2009 to remove any conflict between the
interests of Tiomin and Freegold. Tiomin's shareholders should also
note that the Tiomin loan to Freegold is subordinate to the lead lender
in the United States and that the decision to extend the loan and the
determination of the terms and length of the extension were
unilaterally decided by this lender and not by Tiomin. The Company did
however negotiate to receive the same compensation and terms that the
lead lender received. Tiomin encourages Jaguar to check its facts
before introducing incorrect information into the public domain.
Tiomin's board of directors ('the board') entirely refutes the
insinuation the Company acted improperly in proposing the merger with
Cadiscor Resources Inc. ('Cadiscor'). Tiomin established an
independent committee of the board to review the transaction, had
indications from an investment dealer that the transaction was fair to
Tiomin and obtained a technical due diligence report from Scott Wilson
RPA, a respected international mining consultant, indicating no fatal
flaws with the property. Mr. Potvin sits on the board of Tiomin and
Cadiscor but it is not abnormal for individuals to sit on the boards of
both companies involved in a transaction. There are standard
procedures to follow in these circumstances that Tiomin and Mr. Potvin
followed precisely under the advice of counsel. Mr. Potvin abstained
from voting and recused himself where appropriate. Tiomin and
Cadiscor mutually agreed to cease negotiations on the proposed
arrangement due to factors that arose following the requisition of a
shareholder meeting by Jaguar.
The board also entirely refutes the insinuation that it did not act in
the interests of the Company and shareholders of Tiomin when it
approved investments in Kivu Gold Corp. ('Kivu'). It notes that
Tiomin's investments in Kivu were fully reviewed by the TSX and have
been determined to be fair by qualified independent third parties, both
for technical merit and fairness. The independent directors of the
board carefully reviewed the Kivu transactions for fairness to Tiomin's
shareholders and the board is confident that it has represented the
best interests of Tiomin's shareholders in this respect. All
conflicted individuals abstained from voting. Given that the
transactions were deemed to be fair, in the opinion of the board, the
interests of Tiomin's shareholders have been fully and fairly
represented.
Tiomin encourages its shareholders to understand the nature and history
of Jaguar when evaluating Jaguar's press releases concerning Tiomin.
Tiomin also notes that certain Jaguar shareholders have requested a
meeting to replace the board of Jaguar, to be held on April 9, 2009.
Jaguar's January 15th news release included the following:
"Mr. Bill Iannaci, Chief Executive Officer of Royal Laser Corporation,
requisitioned a meeting of Jaguar shareholders for the purpose of
removing the current Board of Directors of Jaguar and electing a slate
of directors to be proposed by Mr. Iannaci. Mr. Iannaci's alternate
slate of directors will be considered by shareholders at the Meeting,
along with management's proposed slate of directors. At this time, an
alternative slate of directors has not been proposed by Mr. Iannaci."
Mr. Robert Jackson, President and CEO of Tiomin, commented "The board
of Tiomin has never once failed to act fully in the interests of its
shareholders and is disappointed that Jaguar persists in attempting to
create a negative impression, using incorrect information. Tiomin has
a solid portfolio of assets that it continues to nurture is these very
difficult times. We particularly regret that Jaguar is trying to stand
in the way of Tiomin taking advantage of opportunities currently
available in the market."
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan Group Limited ('Jinchuan'), one of China's largest
mining companies, owns approximately 18.7% of Tiomin.
Tiomin has four main assets:
1. approximately $17.3 million of working capital (after the Feb. 20th Kivu Gold Corp. investment);
2. 49% interest in the Pukaqaqa copper and gold project in Peru;
3. 100% interest in the Kwale titanium project in Kenya; and
4. 33.5% interest in Kivu Gold Corporation, a mineral exploration focused on sub-Saharan Africa.
Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project ('Kwale') by contributing US$25 million in cash
directly in TKL and by providing 100% of the financing required to
build and operate Kwale. Under this proposed transaction Tiomin retains
a 30% ownership interest in TKL and its future net cash flow from a
successful Kwale project.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Re: News Release - Tuesday, March 03, 2009
Tiomin Refutes Jaguar Claims, has Support of Jinchuan & Seeks
Major Transaction
=======================================================================
TORONTO - Mar 3, 2009: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) responds to the press release issued yesterday by
Jaguar Financial Corp. ('Jaguar') (TSX: JFC) alleging that the conduct
of the board of directors and management of Tiomin is unfair to the
Tiomin shareholders. This is untrue. Where appropriate, Tiomin has
obtained fairness opinions, valuations and approval to support relevant
transactions and has at all times acted in the interests of the
shareholders of Tiomin. Tiomin is confident that the transactions
cited by Jaguar as unfair were fair in the context of the market at the
time.
Tiomin considers that there is no new material information in Jaguar's
latest press release that is not already in the public domain and
considers the press release to be a crude and misleading effort at
influencing shareholder opinion against Tiomin's existing board and
management.
Robert Jackson, President and CEO, said "This cheap strategy of
alleging corporate malfeasance when none exists can sometimes backfire
on the perpetrator when investors start to look closely at who is
making the allegations and why. We encourage the 89.8% of our
shareholders that are not Jaguar to do their homework and educate
themselves fully about Jaguar and its related parties and to make an
informed decision when called upon to do so. Tiomin shareholders
should ask themselves why certain of Jaguar's own shareholders have
requested a meeting to replace the board of Jaguar, to be held on April
9, 2009. Our board will continue to represent the interests of the
shareholders, will protect Tiomin's cash and will not be intimidated.
The board and management have devoted themselves to working closely
with our corporate partners, Jinchuan Group Limited ('Jinchuan') and
Compañia Minera Milpo S.A.A., to advance our projects in Kenya and Peru
while also working continuously to find a single, accretive,
company-making transaction that will benefit all shareholders".
This strategy received a strong endorsement today. Jinchuan, a global
mining company, volunteered in writing that it will support the board
and management of Tiomin with its 18.7% interest. This is a
significant development that will benefit all the shareholders of
Tiomin. Jinchuan and Tiomin are working with the Government of Kenya
to complete the final items required to sign the previously announced
Investment Agreement to develop the Kwale project. Jinchuan also
confirmed that its technical review will not be completed until after
Tiomin's Annual and Special Meeting. The transaction is subject to
shareholder approval. Tiomin is unable to comment on Jaguar's proposal
that Jinchuan acquires all of Tiomin.
The Kivu Gold Corp. ('Kivu') transactions were subject to fairness
opinions and technical reviews by qualified independent third parties
and reviewed by the TSX. We are pleased to tell the Tiomin
shareholders that the Kivu transaction is now beginning to generate
exploration results that are very interesting.
The Freegold Ventures Limited ('Freegold') transaction was subject to
extensive due diligence by both Tiomin and a well-respected US senior
lender that specializes in lending to mining companies. The loan was
made prior to the full impact of the global credit crisis hitting the
junior resource sector, which has made it difficult for Freegold to
repay the loan. The extension of the Freegold loan is intended to
permit Freegold to complete various NI 43-101 studies that may add
considerable value to Freegold and allow it to raise money and repay
Tiomin and the US senior lender.
The Cadiscor Resources Inc. ('Cadiscor') transaction received
wide-spread support from the shareholders of Tiomin who are perplexed
that legal issues raised by Jaguar caused Tiomin and Cadiscor to
terminate the transaction. Comparable companies to the merged
Tiomin-Cadiscor trade at market capitalizations of between two and four
times the combined market values of Tiomin and Cadiscor. The new
company intended to produce gold in 2009 and Tiomin regrets that the
transaction cannot proceed.
Jackson commented further "We looked at over 30 transactions before we
decided to merge with Cadiscor. The transaction would have been good
for Tiomin and, ironically, also good for Jaguar. It is interesting to
reflect that the share price of the merged Tiomin-Cadiscor could have
been higher than the value proposed by Jaguar in its proposed
transaction for Jinchuan Group Limited to acquire Tiomin. We fear
that Tiomin's shareholders, including Jaguar, will look back in the
future and see what they lost in not proceeding with the transaction.
Our role as the board and management of Tiomin is to get the best deal
that we can for our shareholders. Despite Jaguar's comments to the
contrary, we have worked hard to guide Tiomin though these treacherous
markets and have preserved a substantial cash balance to take advantage
of opportunities like Cadiscor. It is sad that Jaguar is acting to
stop Tiomin realizing on such an opportunity that, in our opinion, was
good for Tiomin".
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan, one of China's largest mining companies, owns
approximately 18.7% of Tiomin.
Tiomin has four main assets:
1) approximately $17.3 million of working capital (after the Feb. 20th
Kivu Gold Corp. investment);
2) 49% interest in the Pukaqaqa copper and gold project in Peru;
3) 100% interest in the Kwale titanium project in Kenya; and
4) 33.5% interest in Kivu Gold Corporation, a mineral exploration
focused on sub-Saharan Africa.
Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project, for US$25 million invested into TKL and a commitment
to finance and build the project, 70%.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Der Ausbruch nach oben im Oktober 08 hat nicht lange angehalten.
Trotz 20 %igem Anstieg gestern befindet sich TIO voll im Abwärtstrend.
Re: News Release - Tuesday, March 03, 2009
Tiomin Refutes Jaguar Claims, has Support of Jinchuan & Seeks
Major Transaction
=======================================================================
TORONTO - Mar 3, 2009: Tiomin Resources Inc. ('Tiomin' or the
'Company') (TSX: TIO) responds to the press release issued yesterday by
Jaguar Financial Corp. ('Jaguar') (TSX: JFC) alleging that the conduct
of the board of directors and management of Tiomin is unfair to the
Tiomin shareholders. This is untrue. Where appropriate, Tiomin has
obtained fairness opinions, valuations and approval to support relevant
transactions and has at all times acted in the interests of the
shareholders of Tiomin. Tiomin is confident that the transactions
cited by Jaguar as unfair were fair in the context of the market at the
time.
Tiomin considers that there is no new material information in Jaguar's
latest press release that is not already in the public domain and
considers the press release to be a crude and misleading effort at
influencing shareholder opinion against Tiomin's existing board and
management.
Robert Jackson, President and CEO, said "This cheap strategy of
alleging corporate malfeasance when none exists can sometimes backfire
on the perpetrator when investors start to look closely at who is
making the allegations and why. We encourage the 89.8% of our
shareholders that are not Jaguar to do their homework and educate
themselves fully about Jaguar and its related parties and to make an
informed decision when called upon to do so. Tiomin shareholders
should ask themselves why certain of Jaguar's own shareholders have
requested a meeting to replace the board of Jaguar, to be held on April
9, 2009. Our board will continue to represent the interests of the
shareholders, will protect Tiomin's cash and will not be intimidated.
The board and management have devoted themselves to working closely
with our corporate partners, Jinchuan Group Limited ('Jinchuan') and
Compañia Minera Milpo S.A.A., to advance our projects in Kenya and Peru
while also working continuously to find a single, accretive,
company-making transaction that will benefit all shareholders".
This strategy received a strong endorsement today. Jinchuan, a global
mining company, volunteered in writing that it will support the board
and management of Tiomin with its 18.7% interest. This is a
significant development that will benefit all the shareholders of
Tiomin. Jinchuan and Tiomin are working with the Government of Kenya
to complete the final items required to sign the previously announced
Investment Agreement to develop the Kwale project. Jinchuan also
confirmed that its technical review will not be completed until after
Tiomin's Annual and Special Meeting. The transaction is subject to
shareholder approval. Tiomin is unable to comment on Jaguar's proposal
that Jinchuan acquires all of Tiomin.
The Kivu Gold Corp. ('Kivu') transactions were subject to fairness
opinions and technical reviews by qualified independent third parties
and reviewed by the TSX. We are pleased to tell the Tiomin
shareholders that the Kivu transaction is now beginning to generate
exploration results that are very interesting.
The Freegold Ventures Limited ('Freegold') transaction was subject to
extensive due diligence by both Tiomin and a well-respected US senior
lender that specializes in lending to mining companies. The loan was
made prior to the full impact of the global credit crisis hitting the
junior resource sector, which has made it difficult for Freegold to
repay the loan. The extension of the Freegold loan is intended to
permit Freegold to complete various NI 43-101 studies that may add
considerable value to Freegold and allow it to raise money and repay
Tiomin and the US senior lender.
The Cadiscor Resources Inc. ('Cadiscor') transaction received
wide-spread support from the shareholders of Tiomin who are perplexed
that legal issues raised by Jaguar caused Tiomin and Cadiscor to
terminate the transaction. Comparable companies to the merged
Tiomin-Cadiscor trade at market capitalizations of between two and four
times the combined market values of Tiomin and Cadiscor. The new
company intended to produce gold in 2009 and Tiomin regrets that the
transaction cannot proceed.
Jackson commented further "We looked at over 30 transactions before we
decided to merge with Cadiscor. The transaction would have been good
for Tiomin and, ironically, also good for Jaguar. It is interesting to
reflect that the share price of the merged Tiomin-Cadiscor could have
been higher than the value proposed by Jaguar in its proposed
transaction for Jinchuan Group Limited to acquire Tiomin. We fear
that Tiomin's shareholders, including Jaguar, will look back in the
future and see what they lost in not proceeding with the transaction.
Our role as the board and management of Tiomin is to get the best deal
that we can for our shareholders. Despite Jaguar's comments to the
contrary, we have worked hard to guide Tiomin though these treacherous
markets and have preserved a substantial cash balance to take advantage
of opportunities like Cadiscor. It is sad that Jaguar is acting to
stop Tiomin realizing on such an opportunity that, in our opinion, was
good for Tiomin".
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan, one of China's largest mining companies, owns
approximately 18.7% of Tiomin.
Tiomin has four main assets:
1) approximately $17.3 million of working capital (after the Feb. 20th
Kivu Gold Corp. investment);
2) 49% interest in the Pukaqaqa copper and gold project in Peru;
3) 100% interest in the Kwale titanium project in Kenya; and
4) 33.5% interest in Kivu Gold Corporation, a mineral exploration
focused on sub-Saharan Africa.
Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project, for US$25 million invested into TKL and a commitment
to finance and build the project, 70%.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the actual prices of copper and gold, the actual results
of current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
Der Ausbruch nach oben im Oktober 08 hat nicht lange angehalten.
Trotz 20 %igem Anstieg gestern befindet sich TIO voll im Abwärtstrend.
Tiomin Schedules Annual and Special Meeting of Shareholders for
May 26, 2009
=======================================================================
TORONTO - March 5, 2009: The Board of Directors of Tiomin Resources
Inc. (TSX:TIO) ("Tiomin") has called an annual and special meeting of
the shareholders of Tiomin to be held on May 26, 2009 (the "Meeting").
The Meeting has been called as Tiomin's annual and special meeting and
also in response to a requisition made pursuant to section 143 of the
Canada Business Corporations Act.
Jaguar Financial Corporation ("Jaguar") previously requisitioned a
meeting of Tiomin's shareholders for the purpose of removing the
current Board of Directors of Tiomin and electing a slate of directors
to be proposed by Jaguar. Jaguar's alternate slate of directors will be
considered by shareholders at the Meeting, along with management's
proposed slate of directors. At this time, an alternative slate of
directors has not been proposed by Jaguar.
At the Meeting, shareholders will also be asked to approve and ratify
Tiomin's shareholder rights plan agreement between Tiomin and
Computershare Investor Services Inc. (the "Rights Plan"), which Tiomin
previously announced on December 10, 2008. The Rights Plan is designed
to encourage fair treatment of shareholders in connection with any
take-over bid for Tiomin and to provide the Board of Directors with
more time to consider any unsolicited take-over bid for Tiomin and
pursue, if appropriate, other value enhancing alternatives to allow
shareholders to receive full and fair value for Tiomin's common shares.
A copy of the Rights Plan is available on Tiomin's website at
www.tiomin.com and on SEDAR at www.sedar.com.
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan, one of China's largest mining companies, owns
approximately 18.7% of Tiomin.
Tiomin has four main assets:
1)approximately $17.3 million of working capital (after the Feb. 20th
Kivu Gold Corp. investment);
2)49% interest in the Pukaqaqa copper and gold project in Peru;
3)100% interest in the Kwale titanium project in Kenya; and
4)33.5% interest in Kivu Gold Corporation, a mineral exploration focused
on sub-Saharan Africa.
Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project, for US$25 million invested into TKL and a commitment
to finance and build the project, 70%.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
May 26, 2009
=======================================================================
TORONTO - March 5, 2009: The Board of Directors of Tiomin Resources
Inc. (TSX:TIO) ("Tiomin") has called an annual and special meeting of
the shareholders of Tiomin to be held on May 26, 2009 (the "Meeting").
The Meeting has been called as Tiomin's annual and special meeting and
also in response to a requisition made pursuant to section 143 of the
Canada Business Corporations Act.
Jaguar Financial Corporation ("Jaguar") previously requisitioned a
meeting of Tiomin's shareholders for the purpose of removing the
current Board of Directors of Tiomin and electing a slate of directors
to be proposed by Jaguar. Jaguar's alternate slate of directors will be
considered by shareholders at the Meeting, along with management's
proposed slate of directors. At this time, an alternative slate of
directors has not been proposed by Jaguar.
At the Meeting, shareholders will also be asked to approve and ratify
Tiomin's shareholder rights plan agreement between Tiomin and
Computershare Investor Services Inc. (the "Rights Plan"), which Tiomin
previously announced on December 10, 2008. The Rights Plan is designed
to encourage fair treatment of shareholders in connection with any
take-over bid for Tiomin and to provide the Board of Directors with
more time to consider any unsolicited take-over bid for Tiomin and
pursue, if appropriate, other value enhancing alternatives to allow
shareholders to receive full and fair value for Tiomin's common shares.
A copy of the Rights Plan is available on Tiomin's website at
www.tiomin.com and on SEDAR at www.sedar.com.
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan, one of China's largest mining companies, owns
approximately 18.7% of Tiomin.
Tiomin has four main assets:
1)approximately $17.3 million of working capital (after the Feb. 20th
Kivu Gold Corp. investment);
2)49% interest in the Pukaqaqa copper and gold project in Peru;
3)100% interest in the Kwale titanium project in Kenya; and
4)33.5% interest in Kivu Gold Corporation, a mineral exploration focused
on sub-Saharan Africa.
Tiomin's share price currently only reflects the value of its working
capital position and it receives no value for its other assets in Peru
or Kenya. Tiomin has an outstanding memorandum of understanding with
Jinchuan whereby Jinchuan would acquire 70% of Tiomin Kenya Limited
('TKL') a wholly owned subsidiary of Tiomin that owns 100% of the Kwale
titanium project, for US$25 million invested into TKL and a commitment
to finance and build the project, 70%.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
=======================================================================
Tiomin Notes News Release from Jaguar Financial Announcing Its
Intention to Not Proceed With Its Requisition for a Special
Meeting of Shareholders of Tiomin
=======================================================================
TORONTO - April 27 2009 - Tiomin Resources Inc. ("Tiomin" or the
"Company") announced today that Jaguar Financial Corporation ("Jaguar")
issued a news release on Friday April 24, 2009 communicating that
Jaguar will not proceed with its requisition for a special meeting of
shareholders of Tiomin that was previously announced on February 13,
2009.
Jaguar states in its release that the reason for not pursuing the
requisition for the Special Meeting was Tiomin's decision to withdraw
from the proposed business combination with Cadiscor Resources Inc.
("Cadiscor"). Tiomin announced this decision on February 19, 2009.
Despite Tiomin's withdrawal from the proposed Business Combination with
Cadiscor - which was a direct result of Jaguar's actions, including
Jaguar's requisitioning a special shareholders meeting to review the
transaction - the Company still strongly believes that the Cadiscor
transaction would have been transformational and added tremendous value
for Tiomin shareholders.
While the Cadiscor transaction is no longer available to Tiomin, the
current board remains firmly focused on its strategy to enhance
shareholder value. It is working diligently to realize the value in
Tiomin's current assets while also seeking an accretive transaction
such that Tiomin's cash can be married with producing or near-producing
assets.
Jaguar has made a number of statements over the past several months
which Tiomin's management and board deny. Despite this, Jaguar's news
release also states that it will continue to pursue all legal remedies
in respect of Tiomin, its officers and directors and other parties that
it previously announced.
On April 2, 2009, the Company announced that it had received notice
from Jaguar of its intention to commence a court application for leave
to file a derivative legal proceeding in the Company's name under the
Canada Business Corporations Act against the current directors, a
former director and third parties. This matter is now before the Court
and the Company and the directors will be vigorously defending
themselves against the issues raised in this matter.
Tiomin is mailing its Proxy Circular shortly, and looks forward to
updating shareholders on its progress at its Annual Meeting of
Shareholders. The meeting is scheduled for Tuesday May 26, 2009 at
10:00 am at The Toronto Stock Exchange Tower, the Gallery Room,
Toronto, Ontario.
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan, one of China's largest mining companies, owns
approximately 18.52% of Tiomin.
Tiomin has four main assets:
1) approximately $17.3 million of working capital (after the Feb. 20th
Kivu Gold Corp. investment);
2) 49% interest in the Pukaqaqa copper and gold project in Peru;
3) 100% interest in the Kwale titanium project in Kenya; and
4) 33.5% interest in Kivu Gold Corporation, a mineral exploration
company focused on sub-Saharan Africa.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
http://finance.yahoo.com/news/Tiomin-Notes-News-Release-ccn-…
Tiomin Notes News Release from Jaguar Financial Announcing Its
Intention to Not Proceed With Its Requisition for a Special
Meeting of Shareholders of Tiomin
=======================================================================
TORONTO - April 27 2009 - Tiomin Resources Inc. ("Tiomin" or the
"Company") announced today that Jaguar Financial Corporation ("Jaguar")
issued a news release on Friday April 24, 2009 communicating that
Jaguar will not proceed with its requisition for a special meeting of
shareholders of Tiomin that was previously announced on February 13,
2009.
Jaguar states in its release that the reason for not pursuing the
requisition for the Special Meeting was Tiomin's decision to withdraw
from the proposed business combination with Cadiscor Resources Inc.
("Cadiscor"). Tiomin announced this decision on February 19, 2009.
Despite Tiomin's withdrawal from the proposed Business Combination with
Cadiscor - which was a direct result of Jaguar's actions, including
Jaguar's requisitioning a special shareholders meeting to review the
transaction - the Company still strongly believes that the Cadiscor
transaction would have been transformational and added tremendous value
for Tiomin shareholders.
While the Cadiscor transaction is no longer available to Tiomin, the
current board remains firmly focused on its strategy to enhance
shareholder value. It is working diligently to realize the value in
Tiomin's current assets while also seeking an accretive transaction
such that Tiomin's cash can be married with producing or near-producing
assets.
Jaguar has made a number of statements over the past several months
which Tiomin's management and board deny. Despite this, Jaguar's news
release also states that it will continue to pursue all legal remedies
in respect of Tiomin, its officers and directors and other parties that
it previously announced.
On April 2, 2009, the Company announced that it had received notice
from Jaguar of its intention to commence a court application for leave
to file a derivative legal proceeding in the Company's name under the
Canada Business Corporations Act against the current directors, a
former director and third parties. This matter is now before the Court
and the Company and the directors will be vigorously defending
themselves against the issues raised in this matter.
Tiomin is mailing its Proxy Circular shortly, and looks forward to
updating shareholders on its progress at its Annual Meeting of
Shareholders. The meeting is scheduled for Tuesday May 26, 2009 at
10:00 am at The Toronto Stock Exchange Tower, the Gallery Room,
Toronto, Ontario.
About Tiomin Resources Inc.
Tiomin is enhancing shareholder value by the acquisition, exploration
and development of industrial mineral, precious and base metal
projects. Jinchuan, one of China's largest mining companies, owns
approximately 18.52% of Tiomin.
Tiomin has four main assets:
1) approximately $17.3 million of working capital (after the Feb. 20th
Kivu Gold Corp. investment);
2) 49% interest in the Pukaqaqa copper and gold project in Peru;
3) 100% interest in the Kwale titanium project in Kenya; and
4) 33.5% interest in Kivu Gold Corporation, a mineral exploration
company focused on sub-Saharan Africa.
To find out more about Tiomin Resources Inc., please visit the company
website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws.
Such forward-looking statements, including but not limited to those
with respect to the prices of metals and minerals, estimated future
production and estimated costs of future production involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different
from any forecast results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual prices of copper and gold, the actual results of
current exploration, development and mining activities, changes in
project parameters as plans continue to be evaluated, as well as those
factors disclosed in the documents of the Company filed from time to
time with the Ontario Securities Commission.
=======================================================================
Copyright (c) 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved.
For more information visit our website at http://www.tiomin.com/ or
send mailto:news@tiomin.com
=======================================================================
http://finance.yahoo.com/news/Tiomin-Notes-News-Release-ccn-…
News Releases - Wednesday, May 13, 2009
Tiomin Reports First Quarter Financial Results - Strong Cash
Position And Focused Strategy Position Tiomin For Acquisitions
TORONTO - May 13, 2009 - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) reported its results today for the quarter ended March 31, 2009. During the quarter, the Company made significant developments in its review of potential new projects and investments, including an additional investment in the Kivu Gold Corp. ('Kivu') increasing its stake to 33.4%. Tiomin had a strong cash position at the end of the quarter, with cash and cash equivalents at $15.3 million. For the first quarter, Tiomin reported a loss of $1,647,000 or $0.00 per share, which was in line with the prior period a year ago.
"The beginning of this year has been challenging for Tiomin," said Robert Jackson, President and CEO of Tiomin. "Although we were unable to complete the business combination with Cadiscor Resources Inc. ('Cadiscor'), our strategy of marrying our strong cash position with producing or near producing assets remains the right one. We are actively seeking other such opportunities in the marketplace.
"We continue to be very encouraged by what we see in Kivu, which is focusing on early-stage exploration in areas with good geological potential. As we look into the balance of the year, we will continue to aggressively manage our cash, while at the same time seeking a company-making transaction. We look forward to updating you on our progress and our strategy at our annual meeting of shareholders on May 26th," continued Mr. Jackson.
kompl. Artikel:
http://www.tiomin.com/s/NewsReleases.asp?ReportID=347660
Tiomin Reports First Quarter Financial Results - Strong Cash
Position And Focused Strategy Position Tiomin For Acquisitions
TORONTO - May 13, 2009 - Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) reported its results today for the quarter ended March 31, 2009. During the quarter, the Company made significant developments in its review of potential new projects and investments, including an additional investment in the Kivu Gold Corp. ('Kivu') increasing its stake to 33.4%. Tiomin had a strong cash position at the end of the quarter, with cash and cash equivalents at $15.3 million. For the first quarter, Tiomin reported a loss of $1,647,000 or $0.00 per share, which was in line with the prior period a year ago.
"The beginning of this year has been challenging for Tiomin," said Robert Jackson, President and CEO of Tiomin. "Although we were unable to complete the business combination with Cadiscor Resources Inc. ('Cadiscor'), our strategy of marrying our strong cash position with producing or near producing assets remains the right one. We are actively seeking other such opportunities in the marketplace.
"We continue to be very encouraged by what we see in Kivu, which is focusing on early-stage exploration in areas with good geological potential. As we look into the balance of the year, we will continue to aggressively manage our cash, while at the same time seeking a company-making transaction. We look forward to updating you on our progress and our strategy at our annual meeting of shareholders on May 26th," continued Mr. Jackson.
kompl. Artikel:
http://www.tiomin.com/s/NewsReleases.asp?ReportID=347660
aus die Maus
Kenya to deprive titanium ore mining right from Tiomin
Wednesday, 29 Jul 2009
It is reported that Kenya will deprive titanium ore mining right from Canada's Tiomin Company because of Tiomin's goal to obtain profit by reselling.
According to the Kenyan government, Tiomin intends to resell the titanium ore mining right in Pasquale to another company and that the negotiation had entered into its final phase.
As a result, Tiomin has no choice but to continue mining right now or return the right back to the government.
http://steelguru.com/news/index/2009/07/29/MTA0MzQx/Kenya_to…
Kenya to deprive titanium ore mining right from Tiomin
Wednesday, 29 Jul 2009
It is reported that Kenya will deprive titanium ore mining right from Canada's Tiomin Company because of Tiomin's goal to obtain profit by reselling.
According to the Kenyan government, Tiomin intends to resell the titanium ore mining right in Pasquale to another company and that the negotiation had entered into its final phase.
As a result, Tiomin has no choice but to continue mining right now or return the right back to the government.
http://steelguru.com/news/index/2009/07/29/MTA0MzQx/Kenya_to…
Firm protests at titanium mining delays
http://www.nation.co.ke/business/news/-/1006/638502/-/ihmjac…
http://www.nation.co.ke/business/news/-/1006/638502/-/ihmjac…
Endlich tut sich mal wieder was mit Tiomin.
Hoffentlich sind diese News ein Signal für einen Aufwärtstrend§
Re: News Releases - Monday, August 31, 2009
Title: Tiomin & Jinchuan Sign Important Project Development Agreement in Kenya
--------------------------------------------------------------------------------
Jinchuan to build Kwale project, acquire a 70% interest in Tiomin Kenya
TORONTO -- August 31, 2009 -- Tiomin Resources Inc. ('Tiomin' or 'the Company') is pleased to announce that it has taken a significant step forward and signed an Investment Agreement ('IA') with Jinchuan Group Limited ('Jinchuan'), one of China's largest companies. Jinchuan will acquire a controlling equity interest in Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project') in Kenya. The IA concludes, and has the same terms as, the transaction described in the July 28, 2008 Memorandum of Understanding whereby Jinchuan finances, develops and operates Kwale.
Transaction Highlights
Jinchuan will acquire a 70% equity interest in TKL by committing to finance (on normal commercial terms), develop and operate Kwale;
Tiomin retains a 30% carried equity interest in TKL;
Jinchuan invests US$25 million into TKL for project development at closing;
Tiomin contributes no further capital to TKL or Kwale;
All net cash flow generated by Kwale will be used initially to repay project debt. Thereafter net free cash flow will be distributed pro-rata 70% to Jinchuan and 30% to Tiomin; and
The transaction is expected to close in about two months and is subject to regulatory and shareholder approval and to certain conditions described below.
Key Closing Conditions
The Government of Kenya ('GoK') must extend the five year period originally granted to TKL in 2004 to finance and build the project to ten years. The Commissioner of Mines and Geology in Kenya has approved the extension and it awaits approval by the Minister of Finance;
The GoK must consent to the transaction, such consent not to be unreasonably withheld, and confirm that all agreements are in good standing; and
Barrick Gold Corporation, through its subsidiary, Pangea Goldfields Inc., must waive its right of first refusal with respect to the Kwale Project and various exploration licenses.
Benefits to Tiomin and its Shareholders
Robert Jackson, President and CEO of Tiomin, said "Closing this flagship deal, which has had such a long and painful gestation period, will be a key event for Tiomin. We believe that the closing conditions can be met in the next two months. A 30% carried interest in a good project for no further investment is highly valuable to Tiomin particularly given the potential upside of higher commodity prices and exploration success. Jinchuan's initial cash contribution to TKL is worth about 2.4 cents per Tiomin share, which combined with our June 30 cash of about 2.9 cents per share ($13.8 million) gives a direct and indirect cash value in Tiomin of 5.3 cents per share, a significant premium to the current share price. However, this simple cash analysis considerably understates the true long-term value to Tiomin of owning a 30% carried interest in a project to be financed, constructed and operated by one of the world's largest mining companies in a time of capital shortage".
Tiomin's 2006 evaluation contemplated initial annual sales of US$70 million, capital spending of about US$200 million and production of 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon. Jinchuan has prepared its own feasibility study, which cannot be disclosed because it is not compliant with NI 43-101 standards, and Tiomin expects to receive the details in due course.
Mr. Jackson continued "Investors should look at this transaction in the context of the enormous benefit to Tiomin of Jinchuan's ability to obtain project financing to construct the project. In addition, closing this transaction with Jinchuan will give Tiomin more flexibility to pursue its strategy of leveraging its strong cash position and management team to find and execute an accretive, company-making transaction".
About Jinchuan Group Limited
Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of mineral sand products, copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.
--------------------------------------------------------------------------------
Copyright © 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Mon Aug 31, 2009 at 6:28:42 AM Pacific Time
-----------------------------------------------------------------
Ausbruch über die 200 Tageslinie:
Hoffentlich sind diese News ein Signal für einen Aufwärtstrend§
Re: News Releases - Monday, August 31, 2009
Title: Tiomin & Jinchuan Sign Important Project Development Agreement in Kenya
--------------------------------------------------------------------------------
Jinchuan to build Kwale project, acquire a 70% interest in Tiomin Kenya
TORONTO -- August 31, 2009 -- Tiomin Resources Inc. ('Tiomin' or 'the Company') is pleased to announce that it has taken a significant step forward and signed an Investment Agreement ('IA') with Jinchuan Group Limited ('Jinchuan'), one of China's largest companies. Jinchuan will acquire a controlling equity interest in Tiomin Kenya Limited ('TKL'), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project ('Kwale' or 'the project') in Kenya. The IA concludes, and has the same terms as, the transaction described in the July 28, 2008 Memorandum of Understanding whereby Jinchuan finances, develops and operates Kwale.
Transaction Highlights
Jinchuan will acquire a 70% equity interest in TKL by committing to finance (on normal commercial terms), develop and operate Kwale;
Tiomin retains a 30% carried equity interest in TKL;
Jinchuan invests US$25 million into TKL for project development at closing;
Tiomin contributes no further capital to TKL or Kwale;
All net cash flow generated by Kwale will be used initially to repay project debt. Thereafter net free cash flow will be distributed pro-rata 70% to Jinchuan and 30% to Tiomin; and
The transaction is expected to close in about two months and is subject to regulatory and shareholder approval and to certain conditions described below.
Key Closing Conditions
The Government of Kenya ('GoK') must extend the five year period originally granted to TKL in 2004 to finance and build the project to ten years. The Commissioner of Mines and Geology in Kenya has approved the extension and it awaits approval by the Minister of Finance;
The GoK must consent to the transaction, such consent not to be unreasonably withheld, and confirm that all agreements are in good standing; and
Barrick Gold Corporation, through its subsidiary, Pangea Goldfields Inc., must waive its right of first refusal with respect to the Kwale Project and various exploration licenses.
Benefits to Tiomin and its Shareholders
Robert Jackson, President and CEO of Tiomin, said "Closing this flagship deal, which has had such a long and painful gestation period, will be a key event for Tiomin. We believe that the closing conditions can be met in the next two months. A 30% carried interest in a good project for no further investment is highly valuable to Tiomin particularly given the potential upside of higher commodity prices and exploration success. Jinchuan's initial cash contribution to TKL is worth about 2.4 cents per Tiomin share, which combined with our June 30 cash of about 2.9 cents per share ($13.8 million) gives a direct and indirect cash value in Tiomin of 5.3 cents per share, a significant premium to the current share price. However, this simple cash analysis considerably understates the true long-term value to Tiomin of owning a 30% carried interest in a project to be financed, constructed and operated by one of the world's largest mining companies in a time of capital shortage".
Tiomin's 2006 evaluation contemplated initial annual sales of US$70 million, capital spending of about US$200 million and production of 330,000 tonnes of ilmenite, 75,000 tonnes of rutile and 40,000 tonnes of zircon. Jinchuan has prepared its own feasibility study, which cannot be disclosed because it is not compliant with NI 43-101 standards, and Tiomin expects to receive the details in due course.
Mr. Jackson continued "Investors should look at this transaction in the context of the enormous benefit to Tiomin of Jinchuan's ability to obtain project financing to construct the project. In addition, closing this transaction with Jinchuan will give Tiomin more flexibility to pursue its strategy of leveraging its strong cash position and management team to find and execute an accretive, company-making transaction".
About Jinchuan Group Limited
Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of mineral sand products, copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.
--------------------------------------------------------------------------------
Copyright © 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Mon Aug 31, 2009 at 6:28:42 AM Pacific Time
-----------------------------------------------------------------
Ausbruch über die 200 Tageslinie:
Jinchuan Group, one of the largest nickel producers in China and even in the whole Asia, lately decided to buy 70% of Tiomin Kenya Ltd. from the Canadian mining company, Tiomin Resources Inc. (TSX: TIO).
Both parties have entered into the equity transfer agreement, but how much money will be involved in this deal is still unknown. Tiomin Kenya, located in Kenya, is wholly owned by Tiomin Resources and owns a 100% stake in the Kwale mineral sands project in Kenya.
The Chinese company will be responsible for financing and operation of the project, according to Tiomin Resources, and up to USD 25 million will be earmarked for the future development. However, Jinchuan will not inject more capital into the project or Tiomin Kenya.
The Canadian company stressed that total net cash flow generated from the project would be used to repay loans at first, and then be shared by both sides.
Jinchuan Group, based in the northwestern Chinese province of Gansu, is busy expanding its business. It aims to yield 500,000 tons of nonferrous products, and gain operating revenue of CNY 50 billion and profit of CNY 2.1 billion in 2009.
Source: www.163.com (September 01, 2009)
http://research.scottrade.com/public/markets/news/news.asp?s…
Both parties have entered into the equity transfer agreement, but how much money will be involved in this deal is still unknown. Tiomin Kenya, located in Kenya, is wholly owned by Tiomin Resources and owns a 100% stake in the Kwale mineral sands project in Kenya.
The Chinese company will be responsible for financing and operation of the project, according to Tiomin Resources, and up to USD 25 million will be earmarked for the future development. However, Jinchuan will not inject more capital into the project or Tiomin Kenya.
The Canadian company stressed that total net cash flow generated from the project would be used to repay loans at first, and then be shared by both sides.
Jinchuan Group, based in the northwestern Chinese province of Gansu, is busy expanding its business. It aims to yield 500,000 tons of nonferrous products, and gain operating revenue of CNY 50 billion and profit of CNY 2.1 billion in 2009.
Source: www.163.com (September 01, 2009)
http://research.scottrade.com/public/markets/news/news.asp?s…
Ist überhaupt noch jemand dabei?
Das ist ein zähes Ringen mit diesem Teil. Verkettung von vielen unglücklichen Zusammenwirken.
Ein leichter Hoffnungsschimmer vielleicht, aber im Kurs spiegielt sich das noch nicht wider.
Re: News Releases - Wednesday, September 16, 2009
Title: Tiomin Makes Progress Towards Completing Key Conditions For 70% Sale Of Tiomin Kenya
Jinchuan awaiting 'Comfort Letter' from the Government of Kenya
TORONTO -- September 16, 2009 -- Tiomin Resources Inc. ('Tiomin' or 'the Company') is pleased to report completion of two of the three key closing conditions required for the proposed sale of 70% of Tiomin Kenya Limited ('TKL') to the Jinchuan Group Limited ('Jinchuan'), China's top nickel producer. The status of the key closing conditions is summarized as follows:
1) Obtained Waiver from Barrick Gold Corporation ('Barrick') - Barrick, through its subsidiary, Pangea Goldfields Inc., has waived its right of first refusal with respect to the Kwale Project and various exploration licenses.
2) Deed of Variation Received - Tiomin has received from the Government of Kenya ('GoK') the fully executed Deed of Variation which extends, to ten years, the period granted to Tiomin Kenya Limited ('TKL') in 2004 to finance and build the project.
3) Comfort Letter Outstanding - Jinchuan has requested that the GoK provide a standard comfort letter concerning the transaction. Tiomin is in communication with the GoK and believes that such a letter will be forthcoming prior to closing the transaction.
Mr. Robert Jackson, President and CEO of Tiomin commented, "In 2006 Tiomin raised more than US$200 million in debt and equity to build the Kwale Project, but the GoK's failure to complete key actions according to schedule led to disastrous consequences. Although the GoK subsequently addressed numerous issues successfully, a comfort letter from the GoK will clearly demonstrate the continued commitment by the GoK to the Kwale Project. We sincerely hope that the GoK learned from the 2006 experience and will deliver this letter on time."
Tiomin has scheduled a Special Meeting of Shareholders on October 29, 2009 to obtain shareholders approval of the transaction. The closing of the Jinchuan investment transaction should close shortly after obtaining shareholder approval.
About Jinchuan Group Limited
Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of mineral sand products, copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.
Copyright © 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Wed Sep 16, 2009 at 4:43:51 AM Pacific Time
Immerhin wurde die 200 Tageslinie seit Anfang September 09 überschritten.
Das ist ein zähes Ringen mit diesem Teil.
Verkettung von vielen unglücklichen Zusammenwirken. Ein leichter Hoffnungsschimmer vielleicht, aber im Kurs spiegielt sich das noch nicht wider.
Re: News Releases - Wednesday, September 16, 2009
Title: Tiomin Makes Progress Towards Completing Key Conditions For 70% Sale Of Tiomin Kenya
Jinchuan awaiting 'Comfort Letter' from the Government of Kenya
TORONTO -- September 16, 2009 -- Tiomin Resources Inc. ('Tiomin' or 'the Company') is pleased to report completion of two of the three key closing conditions required for the proposed sale of 70% of Tiomin Kenya Limited ('TKL') to the Jinchuan Group Limited ('Jinchuan'), China's top nickel producer. The status of the key closing conditions is summarized as follows:
1) Obtained Waiver from Barrick Gold Corporation ('Barrick') - Barrick, through its subsidiary, Pangea Goldfields Inc., has waived its right of first refusal with respect to the Kwale Project and various exploration licenses.
2) Deed of Variation Received - Tiomin has received from the Government of Kenya ('GoK') the fully executed Deed of Variation which extends, to ten years, the period granted to Tiomin Kenya Limited ('TKL') in 2004 to finance and build the project.
3) Comfort Letter Outstanding - Jinchuan has requested that the GoK provide a standard comfort letter concerning the transaction. Tiomin is in communication with the GoK and believes that such a letter will be forthcoming prior to closing the transaction.
Mr. Robert Jackson, President and CEO of Tiomin commented, "In 2006 Tiomin raised more than US$200 million in debt and equity to build the Kwale Project, but the GoK's failure to complete key actions according to schedule led to disastrous consequences. Although the GoK subsequently addressed numerous issues successfully, a comfort letter from the GoK will clearly demonstrate the continued commitment by the GoK to the Kwale Project. We sincerely hope that the GoK learned from the 2006 experience and will deliver this letter on time."
Tiomin has scheduled a Special Meeting of Shareholders on October 29, 2009 to obtain shareholders approval of the transaction. The closing of the Jinchuan investment transaction should close shortly after obtaining shareholder approval.
About Jinchuan Group Limited
Jinchuan is a major integrated non-ferrous metallurgical company engaged in mining, concentrating, smelting and chemical engineering that produces nickel, copper, cobalt, rare and precious metals and also some chemical products such as sulfuric acid, caustic soda, liquid chlorine, hydrochloric acid and sodium sulfite, together with some further processed nonferrous metals products. Jinchuan's output of nickel and platinum group metals respectively accounts for more than 90% of China's total production.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Certain of the information contained in this news release constitutes 'forward-looking statements' within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of mineral sand products, copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the Ontario Securities Commission.
Copyright © 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Wed Sep 16, 2009 at 4:43:51 AM Pacific Time
Immerhin wurde die 200 Tageslinie seit Anfang September 09 überschritten.
Antwort auf Beitrag Nr.: 37.994.333 von jensdab am 16.09.09 19:38:54ich bin raus, denke aber, auf lange Sicht wird hier nochmal was gehen
http://www.portalminero.com/noti/noticias_ver_ch.php?codigo=…
Milpo können mehr als 20 Millionen Dollar investieren, Mineral-Exploration-Programme im Jahr 2010
Dieses Jahr wird es ungefähr $ 7millones investieren, indem sie die Auswirkungen der Krise
September 17, 2009 .- La Compania Minera Milpo plant, mehr als etwa $ 20 Millionen bei der Umsetzung der Explorations-Programme in Peru Bergwerke im Jahr 2010 zu investieren, seine Geschäftsführer, Abraham Chahuán. Er wies darauf hin, dass diese Zahl, was das Unternehmen im vergangenen Jahr verbrachte (2008) ähnlich ist, während in diesem Jahr reduziert wurde aufgrund der Auswirkungen der internationalen Finanzkrise.
"In diesem Jahr für die Krise hatten wir für den Haushalt (und Exploration) geschnitten und wir werden nicht die sechs Millionen oder sieben Millionen US-Dollar erreichen", sagte er nach der Teilnahme an den Top Bergbau in Peru vom 29. Bergbau-Übereinkommens (Perúmin) in Arequipa statt. Er erklärte, dass das Unternehmen eine Straßenkarte von Projekten bundesweit hat und bereits drei oder vier wäre am interessantesten in der Exploration, die vor allem an Zink, Kupfer, Blei und Gold zu tun haben.
Er zitiert, dass eine der Goldvorkommen Milpo plant, im nächsten Jahr Bohrer in Huancavelica und explorativen Arbeit wird nach der Sommerpause beginnen. "Darüber hinaus haben wir abgeschlossen nur ein Bohrprogramm im Projekt Pukaqaqa (Huancavelica) und jetzt haben wir die Bewertung sind die Ergebnisse und ein weiteres Jahr werden wir neue Bohrungen sicherzustellen", sagte Chahuán (Anden)
Milpo können mehr als 20 Millionen Dollar investieren, Mineral-Exploration-Programme im Jahr 2010
Dieses Jahr wird es ungefähr $ 7millones investieren, indem sie die Auswirkungen der Krise
September 17, 2009 .- La Compania Minera Milpo plant, mehr als etwa $ 20 Millionen bei der Umsetzung der Explorations-Programme in Peru Bergwerke im Jahr 2010 zu investieren, seine Geschäftsführer, Abraham Chahuán. Er wies darauf hin, dass diese Zahl, was das Unternehmen im vergangenen Jahr verbrachte (2008) ähnlich ist, während in diesem Jahr reduziert wurde aufgrund der Auswirkungen der internationalen Finanzkrise.
"In diesem Jahr für die Krise hatten wir für den Haushalt (und Exploration) geschnitten und wir werden nicht die sechs Millionen oder sieben Millionen US-Dollar erreichen", sagte er nach der Teilnahme an den Top Bergbau in Peru vom 29. Bergbau-Übereinkommens (Perúmin) in Arequipa statt. Er erklärte, dass das Unternehmen eine Straßenkarte von Projekten bundesweit hat und bereits drei oder vier wäre am interessantesten in der Exploration, die vor allem an Zink, Kupfer, Blei und Gold zu tun haben.
Er zitiert, dass eine der Goldvorkommen Milpo plant, im nächsten Jahr Bohrer in Huancavelica und explorativen Arbeit wird nach der Sommerpause beginnen. "Darüber hinaus haben wir abgeschlossen nur ein Bohrprogramm im Projekt Pukaqaqa (Huancavelica) und jetzt haben wir die Bewertung sind die Ergebnisse und ein weiteres Jahr werden wir neue Bohrungen sicherzustellen", sagte Chahuán (Anden)
Re: News Releases - Thursday, October 01, 2009
Title: Tiomin Closes Freegold Debt Conversion Transaction And Updates Status Of Jinchuan's Proposed Investment In Tiomin Kenya
TORONTO - October 1, 2009: Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) today announced the closing of the Freegold Ventures Limited ('Freegold') (TSX: ITF) transaction to increase its interest to 19.99% equity interest in Freegold, a promising gold exploration company with properties in Alaska, by converting approximately 66% of the US$2,329,000 or Can$2,543,303.21 bridge loan at August 31, 2009, including accrued interest and fees, owed by Freegold to Tiomin into 16,714,773 common shares of Freegold converted at $0.09 per common share to hold a total of 17,324,773 common shares. Tiomin has also agreed to the cancellation of all the warrants currently held by the Company.
In addition, Freegold transferred to Tiomin 1,000,000 of the 5,000,000 million common shares of Western Standard Metals Limited ('Western Standard') (TSXV: WSM) Freegold received as part of its sale of the Almaden Gold project to Western Standard. The Western Standard share transfer was at a deemed price of $0.184 per common share.
On Wednesday September 30, 2009, Freegold closed at $0.13 per share and Western Standard closed at $0.37 per share, resulting in the valuation of Tiomin's holdings of Can$2,252,220 and Can$370,000 respectively.
The remaining debt of approximately US$783,000 or C$854,973.63 at August 31, 2009 owed by Freegold to Tiomin will continue to be secured under the existing security agreements. Tiomin, as part of the transaction, nominated Mr. Bruce Ramsden, Vice President Finance and CFO, as a director of Freegold. More details regarding Freegold's projects, including its 93% owned Golden Summit gold project outside Fairbanks, Alaska, are available on its website, www.freegoldventures.com, and in its public disclosures filed on SEDAR at www.sedar.com.
Update re Jinchuan's proposed US$25 million investment for 70% of Tiomin Kenya Limited:
Tiomin will hold a Special Meeting of Shareholders on Thursday, October 29th, 2009 to obtain shareholder approval of the sale of a 70% equity interest in Tiomin Kenya Limited ('Tiomin Kenya') in exchange for US$25 million and a commitment to finance, build and operate the Kwale Mineral Sands project in accordance with the Investment Agreement as described in the Information Circular, which will be mailed on October 2, 2009 to shareholders of record on September 28th. The Company is diligently working to satisfy the Investment Agreement closing conditions, most of which are routine administrative items. The most significant condition outstanding remains the Government of Kenya 'comfort letter' to Jinchuan Group Limited ('Jinchuan').
Mr. Bruce Ramsden, Vice President Finance and CFO of Tiomin, commented "As a result of the numerous delays experienced by the project to date, Jinchuan requested the 'comfort letter' from the Government of Kenya to clearly demonstrate the Government's commitment to support the project in accordance with the existing agreements with Tiomin Kenya. It is imperative that the Government urgently issues the comfort letter to Jinchuan to affirm the Government's support of the Kwale Mineral Sands project and avoid further costly delays."
About Tiomin Resources Inc.
Tiomin is a mining company traded on The Toronto Stock Exchange with a focus on the exploration and development of base metals, precious metals, and titanium mineral sands projects. Tiomin has significant funds available for its projects, a strong management team, and a very experienced board. Tiomin's strategy is clear: to create long term value by realizing a return on the Company's current projects as well as seeking an accretive transaction that marries Tiomin's cash with producing or near-producing assets.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
Title: Tiomin Closes Freegold Debt Conversion Transaction And Updates Status Of Jinchuan's Proposed Investment In Tiomin Kenya
TORONTO - October 1, 2009: Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) today announced the closing of the Freegold Ventures Limited ('Freegold') (TSX: ITF) transaction to increase its interest to 19.99% equity interest in Freegold, a promising gold exploration company with properties in Alaska, by converting approximately 66% of the US$2,329,000 or Can$2,543,303.21 bridge loan at August 31, 2009, including accrued interest and fees, owed by Freegold to Tiomin into 16,714,773 common shares of Freegold converted at $0.09 per common share to hold a total of 17,324,773 common shares. Tiomin has also agreed to the cancellation of all the warrants currently held by the Company.
In addition, Freegold transferred to Tiomin 1,000,000 of the 5,000,000 million common shares of Western Standard Metals Limited ('Western Standard') (TSXV: WSM) Freegold received as part of its sale of the Almaden Gold project to Western Standard. The Western Standard share transfer was at a deemed price of $0.184 per common share.
On Wednesday September 30, 2009, Freegold closed at $0.13 per share and Western Standard closed at $0.37 per share, resulting in the valuation of Tiomin's holdings of Can$2,252,220 and Can$370,000 respectively.
The remaining debt of approximately US$783,000 or C$854,973.63 at August 31, 2009 owed by Freegold to Tiomin will continue to be secured under the existing security agreements. Tiomin, as part of the transaction, nominated Mr. Bruce Ramsden, Vice President Finance and CFO, as a director of Freegold. More details regarding Freegold's projects, including its 93% owned Golden Summit gold project outside Fairbanks, Alaska, are available on its website, www.freegoldventures.com, and in its public disclosures filed on SEDAR at www.sedar.com.
Update re Jinchuan's proposed US$25 million investment for 70% of Tiomin Kenya Limited:
Tiomin will hold a Special Meeting of Shareholders on Thursday, October 29th, 2009 to obtain shareholder approval of the sale of a 70% equity interest in Tiomin Kenya Limited ('Tiomin Kenya') in exchange for US$25 million and a commitment to finance, build and operate the Kwale Mineral Sands project in accordance with the Investment Agreement as described in the Information Circular, which will be mailed on October 2, 2009 to shareholders of record on September 28th. The Company is diligently working to satisfy the Investment Agreement closing conditions, most of which are routine administrative items. The most significant condition outstanding remains the Government of Kenya 'comfort letter' to Jinchuan Group Limited ('Jinchuan').
Mr. Bruce Ramsden, Vice President Finance and CFO of Tiomin, commented "As a result of the numerous delays experienced by the project to date, Jinchuan requested the 'comfort letter' from the Government of Kenya to clearly demonstrate the Government's commitment to support the project in accordance with the existing agreements with Tiomin Kenya. It is imperative that the Government urgently issues the comfort letter to Jinchuan to affirm the Government's support of the Kwale Mineral Sands project and avoid further costly delays."
About Tiomin Resources Inc.
Tiomin is a mining company traded on The Toronto Stock Exchange with a focus on the exploration and development of base metals, precious metals, and titanium mineral sands projects. Tiomin has significant funds available for its projects, a strong management team, and a very experienced board. Tiomin's strategy is clear: to create long term value by realizing a return on the Company's current projects as well as seeking an accretive transaction that marries Tiomin's cash with producing or near-producing assets.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Jim O'Neill, VP Corporate Controller and Investor Relations
E-Mail: joneill@tiomin.com
Phone: 416-350-3779, ext. 231
ORONTO -- October 28, 2009 --
Tiomin Resources Inc. ('Tiomin' or 'the Company') reports that Jinchuan Group Limited ('Jinchuan') of China, purports to have terminated the Investment Agreement to purchase 70% of Tiomin Kenya Limited ('TKL') and the Kwale project.
Tiomin seeks clarification from Jinchuan concerning its notice of intent to terminate the transaction, which was scheduled to close on October 29, 2009.
Bob Jackson, CEO, said "This decision by Jinchuan to attempt to terminate the deal two days before closing should be of considerable interest to any mining company contemplating a transaction with Jinchuan. We have battled bureaucracy and corruption in Kenya for over a decade and our remaining concern was to obtain a Comfort Letter from the Government of Kenya ('GoK'). We finally obtained this yesterday. This effectively completed our list of material requirements to close the transaction. Jinchuan's decision, after 15 months of process, citing a previously unraised concern that "Jinchuan is not satisfied with the Disclosure Schedule" should be of particular interest to other companies and governments. We find this decision astonishing given that the GoK finally delivered on its material commitments to getting this deal done. Observers may speculate that Jinchuan continued the process with Tiomin while it negotiated supply contracts elsewhere. We intend to proceed with our shareholders meeting to approve the transaction on October 29 regardless of this event". Tiomin is considering its alternatives for Kwale.
At June 30, Tiomin had Cdn$13.8 million in cash and subsequently concluded a deal that added an additional $2.5 million in marketable securities, at current valuations, plus $855,000 of debt owed to it. These figures effectively support the current share price while Tiomin seeks a company-making transaction. In addition, Tiomin owns 49% of the substantial Pukaqaqa copper gold deposit in Peru and 30% of Kivu Gold, which is focused on sub-Saharan Africa.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Robert Jackson, CEO
E-Mail: rjackson@tiomin.com
Phone: 416-350-3779, ext. 230
Tiomin Resources Inc. ('Tiomin' or 'the Company') reports that Jinchuan Group Limited ('Jinchuan') of China, purports to have terminated the Investment Agreement to purchase 70% of Tiomin Kenya Limited ('TKL') and the Kwale project.
Tiomin seeks clarification from Jinchuan concerning its notice of intent to terminate the transaction, which was scheduled to close on October 29, 2009.
Bob Jackson, CEO, said "This decision by Jinchuan to attempt to terminate the deal two days before closing should be of considerable interest to any mining company contemplating a transaction with Jinchuan. We have battled bureaucracy and corruption in Kenya for over a decade and our remaining concern was to obtain a Comfort Letter from the Government of Kenya ('GoK'). We finally obtained this yesterday. This effectively completed our list of material requirements to close the transaction. Jinchuan's decision, after 15 months of process, citing a previously unraised concern that "Jinchuan is not satisfied with the Disclosure Schedule" should be of particular interest to other companies and governments. We find this decision astonishing given that the GoK finally delivered on its material commitments to getting this deal done. Observers may speculate that Jinchuan continued the process with Tiomin while it negotiated supply contracts elsewhere. We intend to proceed with our shareholders meeting to approve the transaction on October 29 regardless of this event". Tiomin is considering its alternatives for Kwale.
At June 30, Tiomin had Cdn$13.8 million in cash and subsequently concluded a deal that added an additional $2.5 million in marketable securities, at current valuations, plus $855,000 of debt owed to it. These figures effectively support the current share price while Tiomin seeks a company-making transaction. In addition, Tiomin owns 49% of the substantial Pukaqaqa copper gold deposit in Peru and 30% of Kivu Gold, which is focused on sub-Saharan Africa.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com.
For further information on Tiomin please contact:
Robert Jackson, CEO
E-Mail: rjackson@tiomin.com
Phone: 416-350-3779, ext. 230
TORONTO - November 9, 2009 -
Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) reported its results today for the third quarter ended September 30, 2009. Tiomin had a strong cash position at the end of the quarter, with cash and cash equivalents plus short term investments totaling $12.4 million. Tiomin had a working capital of $13.6 million. In addition to its cash position, Tiomin now owns marketable securities valued at $2.3 million on November 6, 2009.
For the third quarter, Tiomin reported a loss of $31.3 million or $0.07 per share mainly as a result of the termination of the Investment Agreement ('IA') signed with Jinchuan Group Limited ('Jinchuan') of China on August 27, 2009. Jinchuan was to purchase 70% of Tiomin Kenya Limited ('TKL') by investing US$25 million into TKL. The termination of the IA has resulted in an other than temporary impairment to the Kwale Mineral Sands Project ("Kwale" or the "project") and thus the decision to write off the project. The loss for the quarter ended September 30, 2009 was approximately $30 million worse than the prior period a year ago.
Robert Jackson, President and CEO of Tiomin, said "We continue to seek a company-making transaction consistent with our strategy of marrying our strong cash position with producing or near producing assets or particularly good quality late stage exploration properties, investors must not forget that we still own 49% of the highly prospective Pukaqaqa copper--gold project in Peru".
Results of Operations
(Expressed in thousands of Canadian dollars except share and per share data)
Tiomin's consolidated financial statements and management discussion and analysis (MD&A) for the third quarter ended September 30, 2009 will be available shortly on the company website at www.tiomin.com and filed on www.sedar.com.
Cash Flow and Liquidity
At September 30, 2009 the Company had a working capital surplus of $13,572,000, including $12,367,000 in cash, cash equivalents and short term investments, compared to $19,964,000 in working capital at December 31, 2008. For the quarter ended September 30, 2009, Tiomin used cash of $13,467,000 and $17,139,000 for the same period in 2008 of which $12,000,000 was a short term investment in 2009 and $14,000,000 for the same period in 2008 For the nine months ended September 30, 2009, the Company used cash of $18,933,000 and $22,838,000 for the same period in 2008 of which $12,000,000 was a short term investment in 2009 and $14,000,000 for the same period in 2008. At November 6 Tiomin also holds marketable securities valued at $2.3 million.
Kwale Mineral Sands Project, Kenya
On October 27, 2009, two days before the shareholders of the Company were to vote on the proposed transaction, Jinchuan terminated the IA. Jinchuan's decision was taken after 15 months of process, citing a previously unraised concern that "Jinchuan is not satisfied with the Disclosure Schedule". This has resulted in an other than temporary impairment to the Kwale project and the Company has written off all the costs associated with the Kwale project as below and reversed related party amounts owing to Jinchuan and the long term loan owing to the Canadian International Development Agency.
Tiomin is considering its alternatives for Kwale.
Mineral Properties $ 5,828,000
Deferred Exploration $23,986,000
Leasehold properties $ 781,000
Land $ 16,000
Value added tax $ 394,000
Prepaid share issuance costs $ 497,000
Jinchuan payable ($ 849,000)
CIDA loan ($ 386,000)
Total $30,267,000
Freegold Ventures Limited
On October 1, 2009 the Company announced that it had closed the previously announced transaction with Freegold to acquire a 19.99% equity interest in Freegold, by increasing its ownership, by converting approximately 66% of the $2,543,303.21 bridge loan at August 31, 2009, including accrued interest and fees, owed by Freegold to Tiomin into 16,714,773 common shares of Freegold converted at $0.09 per common share to hold a total of 17,324,773 common shares. At close of business on November 6, 2009, Freegold shares closed at $0.11 or $1,905,725.
In addition, on October 1, 2009 Freegold transferred to Tiomin 1,000,000 common shares of Western Standard Metals Limited ('Western Standard') (TSXV: WSM) at a deemed price of $0.184 per common share, which reduced the debt to $854,974 still owing by Freegold to Tiomin. At close of business on November 6, 2009, Western Standard shares closed at $0.40 or $400,000.
Jaguar Settlement
On July 22nd Tiomin announced that the Company, its current board of directors, a former director, Freegold Ventures Limited and Kivu Gold Corp. ('the Respondents') entered into a settlement agreement (the 'Settlement Agreement') with Jaguar Financial Corporation ('Jaguar') to settle Jaguar's previously announced application to commence a derivative legal action against the Respondents. Additional information regarding the Settlement Agreement is included in the July 22nd press release and the MD&A for Q2 2009 filed on SEDAR.
About Tiomin Resources Inc.
Tiomin Resources Inc. ("Tiomin") (TSX:TIO) is a mining company traded on The Toronto Stock Exchange with a focus on the exploration and development of base metals, precious metals, and titanium mineral sands projects. Tiomin has significant funds available for its projects, a strong management team, and a very experienced board. Tiomin's strategy is clear: to create long term value by realizing a return on the Company's current projects as well as seeking an accretive transaction that marries Tiomin's cash with producing or near-producing assets.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com or review the documents filed on www.sedar.com.
For further information on Tiomin please contact:
Bruce Ramsden, VP Finance and CFO
E-Mail: bramsden@tiomin.com
Phone:416-350-3779, ext. 232
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Copyright © 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Mon Nov 9, 2009 at 5:16:31 AM Pacific Time
Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) reported its results today for the third quarter ended September 30, 2009. Tiomin had a strong cash position at the end of the quarter, with cash and cash equivalents plus short term investments totaling $12.4 million. Tiomin had a working capital of $13.6 million. In addition to its cash position, Tiomin now owns marketable securities valued at $2.3 million on November 6, 2009.
For the third quarter, Tiomin reported a loss of $31.3 million or $0.07 per share mainly as a result of the termination of the Investment Agreement ('IA') signed with Jinchuan Group Limited ('Jinchuan') of China on August 27, 2009. Jinchuan was to purchase 70% of Tiomin Kenya Limited ('TKL') by investing US$25 million into TKL. The termination of the IA has resulted in an other than temporary impairment to the Kwale Mineral Sands Project ("Kwale" or the "project") and thus the decision to write off the project. The loss for the quarter ended September 30, 2009 was approximately $30 million worse than the prior period a year ago.
Robert Jackson, President and CEO of Tiomin, said "We continue to seek a company-making transaction consistent with our strategy of marrying our strong cash position with producing or near producing assets or particularly good quality late stage exploration properties, investors must not forget that we still own 49% of the highly prospective Pukaqaqa copper--gold project in Peru".
Results of Operations
(Expressed in thousands of Canadian dollars except share and per share data)
Tiomin's consolidated financial statements and management discussion and analysis (MD&A) for the third quarter ended September 30, 2009 will be available shortly on the company website at www.tiomin.com and filed on www.sedar.com.
Cash Flow and Liquidity
At September 30, 2009 the Company had a working capital surplus of $13,572,000, including $12,367,000 in cash, cash equivalents and short term investments, compared to $19,964,000 in working capital at December 31, 2008. For the quarter ended September 30, 2009, Tiomin used cash of $13,467,000 and $17,139,000 for the same period in 2008 of which $12,000,000 was a short term investment in 2009 and $14,000,000 for the same period in 2008 For the nine months ended September 30, 2009, the Company used cash of $18,933,000 and $22,838,000 for the same period in 2008 of which $12,000,000 was a short term investment in 2009 and $14,000,000 for the same period in 2008. At November 6 Tiomin also holds marketable securities valued at $2.3 million.
Kwale Mineral Sands Project, Kenya
On October 27, 2009, two days before the shareholders of the Company were to vote on the proposed transaction, Jinchuan terminated the IA. Jinchuan's decision was taken after 15 months of process, citing a previously unraised concern that "Jinchuan is not satisfied with the Disclosure Schedule". This has resulted in an other than temporary impairment to the Kwale project and the Company has written off all the costs associated with the Kwale project as below and reversed related party amounts owing to Jinchuan and the long term loan owing to the Canadian International Development Agency.
Tiomin is considering its alternatives for Kwale.
Mineral Properties $ 5,828,000
Deferred Exploration $23,986,000
Leasehold properties $ 781,000
Land $ 16,000
Value added tax $ 394,000
Prepaid share issuance costs $ 497,000
Jinchuan payable ($ 849,000)
CIDA loan ($ 386,000)
Total $30,267,000
Freegold Ventures Limited
On October 1, 2009 the Company announced that it had closed the previously announced transaction with Freegold to acquire a 19.99% equity interest in Freegold, by increasing its ownership, by converting approximately 66% of the $2,543,303.21 bridge loan at August 31, 2009, including accrued interest and fees, owed by Freegold to Tiomin into 16,714,773 common shares of Freegold converted at $0.09 per common share to hold a total of 17,324,773 common shares. At close of business on November 6, 2009, Freegold shares closed at $0.11 or $1,905,725.
In addition, on October 1, 2009 Freegold transferred to Tiomin 1,000,000 common shares of Western Standard Metals Limited ('Western Standard') (TSXV: WSM) at a deemed price of $0.184 per common share, which reduced the debt to $854,974 still owing by Freegold to Tiomin. At close of business on November 6, 2009, Western Standard shares closed at $0.40 or $400,000.
Jaguar Settlement
On July 22nd Tiomin announced that the Company, its current board of directors, a former director, Freegold Ventures Limited and Kivu Gold Corp. ('the Respondents') entered into a settlement agreement (the 'Settlement Agreement') with Jaguar Financial Corporation ('Jaguar') to settle Jaguar's previously announced application to commence a derivative legal action against the Respondents. Additional information regarding the Settlement Agreement is included in the July 22nd press release and the MD&A for Q2 2009 filed on SEDAR.
About Tiomin Resources Inc.
Tiomin Resources Inc. ("Tiomin") (TSX:TIO) is a mining company traded on The Toronto Stock Exchange with a focus on the exploration and development of base metals, precious metals, and titanium mineral sands projects. Tiomin has significant funds available for its projects, a strong management team, and a very experienced board. Tiomin's strategy is clear: to create long term value by realizing a return on the Company's current projects as well as seeking an accretive transaction that marries Tiomin's cash with producing or near-producing assets.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com or review the documents filed on www.sedar.com.
For further information on Tiomin please contact:
Bruce Ramsden, VP Finance and CFO
E-Mail: bramsden@tiomin.com
Phone:416-350-3779, ext. 232
Certain of the information contained in this news release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those respect to the prices of metals and minerals, estimated future production, estimated costs of future production and the Company's sales policy, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of copper and gold, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Ontario Securities Commission.
Copyright © 2009 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
Message sent on Mon Nov 9, 2009 at 5:16:31 AM Pacific Time
Antwort auf Beitrag Nr.: 38.349.419 von jensdab am 09.11.09 16:49:28wie ist der stand hier?
70% an der mine wird übernommen in kenia. tiomin profitiert mit 30% an der zukünftigen produktion, korrekt oder?
das gibt cash flow. tiomin kann sich anderen projekten zuwenden....
jetzt einzusteigen wäre eine chance.
was meint ihr?
70% an der mine wird übernommen in kenia. tiomin profitiert mit 30% an der zukünftigen produktion, korrekt oder?
das gibt cash flow. tiomin kann sich anderen projekten zuwenden....
jetzt einzusteigen wäre eine chance.
was meint ihr?
Re: News Release - Monday, January 18, 2010
Title: Tiomin To Acquire Diamond Producer Vaaldiam
--------------------------------------------------------------------------------
Largest Shareholders of Vaaldiam Agree to Support the Transaction
Tiomin Resources Inc. ("Tiomin") (TSX:TIO) and Vaaldiam Resources Ltd. ("Vaaldiam") (TSX:VAA) jointly announced today that they have entered into a definitive arrangement agreement for Tiomin to acquire, via a plan of arrangement, all of the outstanding common shares of Vaaldiam in an all-share transaction (the "Transaction") on the basis of 0.80 Tiomin common share for each Vaaldiam common share. Following completion of the Transaction, and subject to regulatory approvals, Vaaldiam will be a wholly-owned subsidiary of Tiomin with Vaaldiam's existing shareholders owning approximately 30% of Tiomin.
The resulting company will be a well-capitalized, Brazil-focused diamond producer with the following attributes:
Immediate Production: Diamond and gold production to resume at the 100%-owned Duas Barras mine, which operated profitably prior to being placed on care and maintenance as a result of the global financial crisis.
Strong Balance Sheet: Tiomin will have approximately $11.3 million in cash to fund exploration and development and settle Vaaldiam's outstanding liabilities.
Production Growth: Tiomin plans to grow Vaaldiam's production through the staged resumption of production at its two 100% owned diamond mines and the expansion of resources through exploration and development of the mines' exploration properties.
Production is projected to be:
20,000 carats in 2010
40,000 carats in 2011
The anticipated development of the Braúna kimberlite project, which is currently conducting a bulk-sampling program, is expected to significantly add to this production in the coming years.
Advanced development pipeline: In addition to becoming South America's largest diamond producer, Tiomin will hold interests in three advanced-stage kimberlite deposits in Brazil and Canada and also own a large exploration database of kimberlite occurences in Brazil.
Experienced in-country teams: Tiomin will benefit from highly-skilled and experienced in-country operational and exploration teams in Brazil and Canada, in addition to a strengthened management team with significant industry experience.
Copper-Gold Asset in Peru: Tiomin owns 49% of the potentially world-class Pukaka copper-gold asset in Peru.
OVERVIEW OF THE COMBINED COMPANY
The combination of Tiomin and Vaaldiam will create a leading diamond production, exploration and development company with a pro forma market capitalization of $20.7 million based on Tiomin's closing share price of $0.03 on Friday, January 15, 2010. The company is projected to have the ability to materially fund the advanced-stage kimberlite exploration and development costs from internally generated cash flow, thereby reducing further dilution to its shareholders. The combined company will have strong management expertise and the financial capacity to realize the value potential of its exploration portfolio and to capitalize on future acquisition and consolidation opportunities.
Robert Jackson, Tiomin's President and CEO, said today: "This highly accretive transaction is a win for the shareholders of both companies. Diamond prices have largely returned to pre-crisis levels but the valuations of diamond producers have not. Vaaldiam has a good asset base in Brazil but suffered badly during the world-wide financial crisis. Tiomin has the cash to solve Vaaldiam's balance-sheet issues and to quickly restart Vaadiam's cash-flowing operations. In our opinion, shareholders should support this transaction because it is good for them".
Ken Johnson, President and CEO of Vaaldiam, commented: "The combination of Tiomin and Vaaldiam allows us to immediately restart production at our Duas Barras mine and take advantage of the strong rebound in rough diamond prices and the high gold price. In addition, we will continue to develop our Braúna kimberlite project which is in the bulk sampling and resource definition phase of development, and will work to expand the resources at our Chapada mine, in anticipation of production resuming at that mine in 2011. Our goal is to reposition our company as South America's largest diamond producer marketing high quality diamonds with a combined average sales value of over US$275 per carat in addition to measured and sustainable production growth. This transaction refinances our operations which were forced to shut down as a result of the global financial crisis, and strengthens our management, operational and technical teams to clearly establish Tiomin as the leader in the South American diamond sector".
PRIVATE PLACEMENT
In connection with the Transaction, Tiomin and Vaaldiam have also entered into a subscription agreement, pursuant to which Tiomin acquired 20,000,000 common shares of Vaaldiam, representing approximately 8% of Vaaldiam's outstanding common shares, at a price of C$0.03 per share in a private placement for total gross proceeds to Vaaldiam of C$600,000. The proceeds of the private placement will be used for general working capital purposes pending completion of the Transaction. When taken together with the common shares of Vaaldiam currently held by Tiomin, Tiomin will hold approximately 9% of the issued and outstanding common shares of Vaaldiam.
ADVISORS AND FAIRNESS OPINIONS
Fraser Mackenzie Limited and Haywood Securities Limited, both acting as financial advisors to the special committees of the board of directors of Vaaldiam and Tiomin respectively, have both provided opinions that, subject to certain assumptions and limitations set out therein, the proposed Transaction is fair, from a financial point of view, to the Vaaldiam and Tiomin shareholders, respectively.
Stikeman Elliott LLP is acting as external legal counsel to Tiomin, and Fogler, Rubinoff LLP are acting as external legal counsel to Vaaldiam.
BOARD RECOMMENDATIONS
The Transaction has been approved by the boards of directors of Tiomin and Vaaldiam respectively, following the unanimous recommendations of their Special Committees which were comprised of independent directors from each company. The board of directors of Vaaldiam recommends that holders of Vaaldiam shares vote in favour of the Transaction.
The definitive agreement includes a commitment by Vaaldiam not to solicit or initiate discussions concerning alternative transactions, including the sale of material assets. Vaaldiam has agreed to pay a break fee of C$500,000 to Tiomin in certain circumstances and has granted Tiomin the right to match competing offers. Tiomin has also agreed to pay Vaaldiam a break fee of $500,000 in certain circumstances.
In addition to the approximately 9% ownership of Vaaldiam shares by Tiomin, certain shareholders, directors and officers holding approximately 16% of the outstanding Vaaldiam shares have agreed to vote in favour of the Transaction.
Details regarding these and other terms of the transaction are set out in the arrangement agreement, which will be filed by Tiomin and Vaaldiam on the SEDAR website at www.sedar.com.
CLOSING
Completion of the Transaction is subject to customary conditions, including a favourable vote of two-thirds of the Vaaldiam common shares voted at a special meeting of shareholders called to approve the Transaction, a favourable vote of a majority of the Tiomin common shares voted at a special meeting of shareholders called to approve the issuance of Tiomin common shares in connection with the Transaction and the receipt of court and other necessary regulatory approvals.
Further information regarding the Transaction will be contained in a proxy circular that Vaaldiam and Tiomim will prepare and mail to their respective shareholders in connection with the special meeting of shareholders to be held to approve the transaction. It is expected that these materials will be mailed in February 2010 for a meeting to be held in March 2010. Once mailed, the proxy circular will also be available on SEDAR at www.sedar.com. All shareholders are urged to read their proxy circulars once they become available as they will contain additional important information concerning the Transaction.
For additional information regarding Tiomin please visit www.tiomin.com or contact Robert Jackson, President and Chief Executive Officer at (416) 350-3779. For additional information regarding Vaaldiam please visit www.vaaldiam.com or contact Ken Johnson, President and Chief Executive Officer at (416) 363-6927.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between Tiomin and Vaaldiam and matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based include, without limitation, that the shareholders of Vaaldiam will approve the Transaction, shareholders of Tiomin will approve the issuance of shares in connection with the Transaction, that all required third party, court, regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived and that Vaaldiam's resumption of production will proceed as planned following completion of the Transaction.. Many of these assumptions are based on factors and events that are not within the control of Tiomin and Vaaldiam and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities as well as those risk factors discussed in the Annual Information Form for the year ended December 31, 2008 for each of Tiomin and Vaaldiam available at www.sedar.com. Although Tiomin and Vaaldiam have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Tiomin and Vaaldiam undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
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Copyright © 2010 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
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Title: Tiomin To Acquire Diamond Producer Vaaldiam
--------------------------------------------------------------------------------
Largest Shareholders of Vaaldiam Agree to Support the Transaction
Tiomin Resources Inc. ("Tiomin") (TSX:TIO) and Vaaldiam Resources Ltd. ("Vaaldiam") (TSX:VAA) jointly announced today that they have entered into a definitive arrangement agreement for Tiomin to acquire, via a plan of arrangement, all of the outstanding common shares of Vaaldiam in an all-share transaction (the "Transaction") on the basis of 0.80 Tiomin common share for each Vaaldiam common share. Following completion of the Transaction, and subject to regulatory approvals, Vaaldiam will be a wholly-owned subsidiary of Tiomin with Vaaldiam's existing shareholders owning approximately 30% of Tiomin.
The resulting company will be a well-capitalized, Brazil-focused diamond producer with the following attributes:
Immediate Production: Diamond and gold production to resume at the 100%-owned Duas Barras mine, which operated profitably prior to being placed on care and maintenance as a result of the global financial crisis.
Strong Balance Sheet: Tiomin will have approximately $11.3 million in cash to fund exploration and development and settle Vaaldiam's outstanding liabilities.
Production Growth: Tiomin plans to grow Vaaldiam's production through the staged resumption of production at its two 100% owned diamond mines and the expansion of resources through exploration and development of the mines' exploration properties.
Production is projected to be:
20,000 carats in 2010
40,000 carats in 2011
The anticipated development of the Braúna kimberlite project, which is currently conducting a bulk-sampling program, is expected to significantly add to this production in the coming years.
Advanced development pipeline: In addition to becoming South America's largest diamond producer, Tiomin will hold interests in three advanced-stage kimberlite deposits in Brazil and Canada and also own a large exploration database of kimberlite occurences in Brazil.
Experienced in-country teams: Tiomin will benefit from highly-skilled and experienced in-country operational and exploration teams in Brazil and Canada, in addition to a strengthened management team with significant industry experience.
Copper-Gold Asset in Peru: Tiomin owns 49% of the potentially world-class Pukaka copper-gold asset in Peru.
OVERVIEW OF THE COMBINED COMPANY
The combination of Tiomin and Vaaldiam will create a leading diamond production, exploration and development company with a pro forma market capitalization of $20.7 million based on Tiomin's closing share price of $0.03 on Friday, January 15, 2010. The company is projected to have the ability to materially fund the advanced-stage kimberlite exploration and development costs from internally generated cash flow, thereby reducing further dilution to its shareholders. The combined company will have strong management expertise and the financial capacity to realize the value potential of its exploration portfolio and to capitalize on future acquisition and consolidation opportunities.
Robert Jackson, Tiomin's President and CEO, said today: "This highly accretive transaction is a win for the shareholders of both companies. Diamond prices have largely returned to pre-crisis levels but the valuations of diamond producers have not. Vaaldiam has a good asset base in Brazil but suffered badly during the world-wide financial crisis. Tiomin has the cash to solve Vaaldiam's balance-sheet issues and to quickly restart Vaadiam's cash-flowing operations. In our opinion, shareholders should support this transaction because it is good for them".
Ken Johnson, President and CEO of Vaaldiam, commented: "The combination of Tiomin and Vaaldiam allows us to immediately restart production at our Duas Barras mine and take advantage of the strong rebound in rough diamond prices and the high gold price. In addition, we will continue to develop our Braúna kimberlite project which is in the bulk sampling and resource definition phase of development, and will work to expand the resources at our Chapada mine, in anticipation of production resuming at that mine in 2011. Our goal is to reposition our company as South America's largest diamond producer marketing high quality diamonds with a combined average sales value of over US$275 per carat in addition to measured and sustainable production growth. This transaction refinances our operations which were forced to shut down as a result of the global financial crisis, and strengthens our management, operational and technical teams to clearly establish Tiomin as the leader in the South American diamond sector".
PRIVATE PLACEMENT
In connection with the Transaction, Tiomin and Vaaldiam have also entered into a subscription agreement, pursuant to which Tiomin acquired 20,000,000 common shares of Vaaldiam, representing approximately 8% of Vaaldiam's outstanding common shares, at a price of C$0.03 per share in a private placement for total gross proceeds to Vaaldiam of C$600,000. The proceeds of the private placement will be used for general working capital purposes pending completion of the Transaction. When taken together with the common shares of Vaaldiam currently held by Tiomin, Tiomin will hold approximately 9% of the issued and outstanding common shares of Vaaldiam.
ADVISORS AND FAIRNESS OPINIONS
Fraser Mackenzie Limited and Haywood Securities Limited, both acting as financial advisors to the special committees of the board of directors of Vaaldiam and Tiomin respectively, have both provided opinions that, subject to certain assumptions and limitations set out therein, the proposed Transaction is fair, from a financial point of view, to the Vaaldiam and Tiomin shareholders, respectively.
Stikeman Elliott LLP is acting as external legal counsel to Tiomin, and Fogler, Rubinoff LLP are acting as external legal counsel to Vaaldiam.
BOARD RECOMMENDATIONS
The Transaction has been approved by the boards of directors of Tiomin and Vaaldiam respectively, following the unanimous recommendations of their Special Committees which were comprised of independent directors from each company. The board of directors of Vaaldiam recommends that holders of Vaaldiam shares vote in favour of the Transaction.
The definitive agreement includes a commitment by Vaaldiam not to solicit or initiate discussions concerning alternative transactions, including the sale of material assets. Vaaldiam has agreed to pay a break fee of C$500,000 to Tiomin in certain circumstances and has granted Tiomin the right to match competing offers. Tiomin has also agreed to pay Vaaldiam a break fee of $500,000 in certain circumstances.
In addition to the approximately 9% ownership of Vaaldiam shares by Tiomin, certain shareholders, directors and officers holding approximately 16% of the outstanding Vaaldiam shares have agreed to vote in favour of the Transaction.
Details regarding these and other terms of the transaction are set out in the arrangement agreement, which will be filed by Tiomin and Vaaldiam on the SEDAR website at www.sedar.com.
CLOSING
Completion of the Transaction is subject to customary conditions, including a favourable vote of two-thirds of the Vaaldiam common shares voted at a special meeting of shareholders called to approve the Transaction, a favourable vote of a majority of the Tiomin common shares voted at a special meeting of shareholders called to approve the issuance of Tiomin common shares in connection with the Transaction and the receipt of court and other necessary regulatory approvals.
Further information regarding the Transaction will be contained in a proxy circular that Vaaldiam and Tiomim will prepare and mail to their respective shareholders in connection with the special meeting of shareholders to be held to approve the transaction. It is expected that these materials will be mailed in February 2010 for a meeting to be held in March 2010. Once mailed, the proxy circular will also be available on SEDAR at www.sedar.com. All shareholders are urged to read their proxy circulars once they become available as they will contain additional important information concerning the Transaction.
For additional information regarding Tiomin please visit www.tiomin.com or contact Robert Jackson, President and Chief Executive Officer at (416) 350-3779. For additional information regarding Vaaldiam please visit www.vaaldiam.com or contact Ken Johnson, President and Chief Executive Officer at (416) 363-6927.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, information concerning the proposed business combination between Tiomin and Vaaldiam and matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Assumptions upon which such forward-looking information is based include, without limitation, that the shareholders of Vaaldiam will approve the Transaction, shareholders of Tiomin will approve the issuance of shares in connection with the Transaction, that all required third party, court, regulatory and governmental approvals to the Transaction will be obtained and all other conditions to completion of the Transaction will be satisfied or waived and that Vaaldiam's resumption of production will proceed as planned following completion of the Transaction.. Many of these assumptions are based on factors and events that are not within the control of Tiomin and Vaaldiam and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities as well as those risk factors discussed in the Annual Information Form for the year ended December 31, 2008 for each of Tiomin and Vaaldiam available at www.sedar.com. Although Tiomin and Vaaldiam have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Tiomin and Vaaldiam undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
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Copyright © 2010 TIOMIN RESOURCES INC. (TIO) All rights reserved. For more information visit our website at http://www.tiomin.com/ or send email to news@tiomin.com .
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Antwort auf Beitrag Nr.: 38.759.377 von jensdab am 18.01.10 19:13:47habs gesehen. neue assets in brasilien.
gute news.
wie siehts aus mit den assets in kenia? wie geht es dort weiter? ist dies vollständig veräussert?
gute news.
wie siehts aus mit den assets in kenia? wie geht es dort weiter? ist dies vollständig veräussert?
TORONTO -- February 25, 2010:
Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) and Base Iron Limited ('BIL') (ASX: BSE) have signed a binding Heads of Agreement ('HoA') for a transaction in which BIL acquires the Kwale Mineral Sands Project ('Kwale'), all the intellectual property associated with Tiomin's mineral sands projects in Africa and an option to acquire 100% of Tiomin Kenya Limited ('TKL').
In exchange for these assets, Tiomin receives US$3 million in cash at closing and a cash royalty of 1.5% of all product revenue (FOB Mombasa) from Kwale paid monthly in arrears. Pangea Goldfields, a 100% owned subsidiary of Barrick Gold Corporation receives an additional 0.5% royalty on the same terms and conditions as Tiomin in exchange for waiving various rights that it acquired in prior transactions with Tiomin. BIL will pay Tiomin a US$60,000 deposit that is deductible from the US$3 million cash closing payment and will pay a non-refundable US$60,000 per month to sustain TKL until the proposed transaction closes or is terminated.
The HoA contains certain Conditions Precedent ('CPs'): BIL must complete satisfactory due diligence, BIL shareholders and the Government of Kenya (GoK) must approve the transaction and BIL must raise minimum capital of A$7 million. If the CPs are not met within 90 days of signing the HoA either party may terminate the transaction.
Robert Jackson, President and CEO of Tiomin said "This is another positive step as we continue to prepare Tiomin for our exciting merger with Vaaldiam Resources Ltd. Upon closing, this transaction further strengthens Tiomin's balance sheet with more cash and a gross revenue royalty. It allows us to focus on Brazil. BIL is a reputable Australian junior with good management and sponsorship. The Australian capital markets understand mineral sands much better than those of North America and we think BIL is well qualified to develop Kwale. The GoK must approve this transaction in a constructive and timely manner".
About Tiomin Resources Inc.
Tiomin is a mining company traded on The Toronto Stock Exchange with a focus on the exploration, development and production of minerals. Tiomin recently announced that it intends to acquire Vaaldiam Resources Ltd., a Brazil-focused diamond producer, by a plan of arrangement. Tiomin has significant funds available for its projects, a strong management team, and a very experienced board. Tiomin's strategy is clear: to create long term value by realizing a return on the Company's current projects as well as seeking an accretive transaction that marries Tiomin's cash with producing or near-producing assets.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com or contact Robert Jackson, CEO, on rjackson@tiomin.com.
Tiomin Resources Inc. ('Tiomin' or the 'Company') (TSX: TIO) and Base Iron Limited ('BIL') (ASX: BSE) have signed a binding Heads of Agreement ('HoA') for a transaction in which BIL acquires the Kwale Mineral Sands Project ('Kwale'), all the intellectual property associated with Tiomin's mineral sands projects in Africa and an option to acquire 100% of Tiomin Kenya Limited ('TKL').
In exchange for these assets, Tiomin receives US$3 million in cash at closing and a cash royalty of 1.5% of all product revenue (FOB Mombasa) from Kwale paid monthly in arrears. Pangea Goldfields, a 100% owned subsidiary of Barrick Gold Corporation receives an additional 0.5% royalty on the same terms and conditions as Tiomin in exchange for waiving various rights that it acquired in prior transactions with Tiomin. BIL will pay Tiomin a US$60,000 deposit that is deductible from the US$3 million cash closing payment and will pay a non-refundable US$60,000 per month to sustain TKL until the proposed transaction closes or is terminated.
The HoA contains certain Conditions Precedent ('CPs'): BIL must complete satisfactory due diligence, BIL shareholders and the Government of Kenya (GoK) must approve the transaction and BIL must raise minimum capital of A$7 million. If the CPs are not met within 90 days of signing the HoA either party may terminate the transaction.
Robert Jackson, President and CEO of Tiomin said "This is another positive step as we continue to prepare Tiomin for our exciting merger with Vaaldiam Resources Ltd. Upon closing, this transaction further strengthens Tiomin's balance sheet with more cash and a gross revenue royalty. It allows us to focus on Brazil. BIL is a reputable Australian junior with good management and sponsorship. The Australian capital markets understand mineral sands much better than those of North America and we think BIL is well qualified to develop Kwale. The GoK must approve this transaction in a constructive and timely manner".
About Tiomin Resources Inc.
Tiomin is a mining company traded on The Toronto Stock Exchange with a focus on the exploration, development and production of minerals. Tiomin recently announced that it intends to acquire Vaaldiam Resources Ltd., a Brazil-focused diamond producer, by a plan of arrangement. Tiomin has significant funds available for its projects, a strong management team, and a very experienced board. Tiomin's strategy is clear: to create long term value by realizing a return on the Company's current projects as well as seeking an accretive transaction that marries Tiomin's cash with producing or near-producing assets.
To find out more about Tiomin Resources Inc., please visit the company website at www.tiomin.com or contact Robert Jackson, CEO, on rjackson@tiomin.com.
News Release - Monday, March 15, 2010
Title: Tiomin Shareholders Approve Acquisition Of Vaaldiam
------------------------------------------------------------------
TORONTO -- March 15, 2010: Tiomin Resources Inc.
('Tiomin' or the 'Company') (TSX: TIO) shareholders today voted to issue approximately 215 million pre-consolidation common shares of Tiomin to acquire Vaaldiam Resources Ltd. ('Vaaldiam Resources') (TSX: VAA). Vaaldiam Resources shareholders will receive 0.8 of a pre-consolidation Tiomin common share for each Vaaldiam Resources share owned. Shareholders of Tiomin also approved a change of name from Tiomin Resources Inc. to Vaaldiam Mining Inc. ('new Vaaldiam') (TSX: VAA), and to consolidate the outstanding shares on the basis of one new Vaaldiam share for every 10 old Tiomin shares. The new Vaaldiam will have approximately 70 million common shares outstanding following the consolidation and completion of the acquisition. The transaction remains subject to final regulatory and court approval and should be completed by March 31.
Robert Jackson, CEO of Tiomin and new Vaaldiam, said "We are delighted with this exciting deal and look forward to working with our new partners, who are highly competent and experienced. This is a rebirth for both companies and we are optimistic that it will work well. For more than three years Tiomin has had no story to tell and now it does. We have a simple strategy focused on an anticipation of imminent and expanding cash flow from diamond production in Brazil. Brazil is an excellent mining country. We enter the diamond business as a producer at a time when rough diamond prices have largely recovered from the financial crisis and industry experts predict that new projects will fail to satisfy demand. We will have production, a strong balance sheet, an experienced board and team, an exciting kimberlite exploration program, gold exploration properties and investments and the potential for future cash payments and royalties from Tiomin's existing assets. We are determined to avoid further dilution unless absolutely necessary and hope to internally fund much of our exploration work. Our immediate challenge is to restart diamond and gold production and to educate investors about the excellent investment opportunity that this transaction represents".
The new Vaaldiam will have following attributes:
Immediate Production: Diamond and gold production to resume at the 100%-owned Duas Barras mine, which operated profitably prior to being placed on care and maintenance as a result of the global financial crisis with historical gross revenues of US$165/carat and costs of US$85/carat;
Strong Balance Sheet: About Cdn$15.5 million in cash, net of transaction costs, to fund exploration and development and to settle Vaaldiam Resource's outstanding liabilities;
Production Growth: Staged resumption and growth of production at its two 100% owned diamond mines and the expansion of resources through exploration and development of the mines' exploration properties: Initial diamond production at Duas Barras, pre-expansion, is projected to be:
20,000 carats in 2010
40,000 carats in 2011
The anticipated restart of the Chapada mine and the development of the Braúna kimberlite project, which is currently conducting a bulk-sampling program, are, if successful, expected to significantly add to this production. Chapada received prices of US$400-500/carat prior to closing in the financial crisis;
Advanced Diamond Development Pipeline: In addition to becoming South America's largest diamond producer, new Vaaldiam will hold interests in three advanced-stage kimberlite deposits in Brazil and Canada and also own a large exploration database of kimberlite occurrences in Brazil;
Experienced Board and Management: The directors and management of new Vaaldiam are extremely experienced and have a track record of success in realizing shareholder value. The local teams in Brazil and Canada are highly-skilled and experienced operational and exploration professionals; and
Undervalued Portfolio of Other Assets: New Vaaldiam inherits a high potential portfolio of investments from Tiomin, which can be sold in the future:
An agreement with Compañia Minera Milpo S.A. ('Milpo') on the Pukaqaqa copper-gold project in Peru, whereby new Vaaldiam receives US$4 million if the project reaches commercial production and an additional US$4 million one year later. In addition new Vaaldiam receives a 1% NSR on all mineral production from the current Pukaqaqa property package if the quarterly London Metal Exchange copper price averages US$3/lb or less and a 2% NSR above US$3/lb. The NSR also applies to any properties subsequently acquired by Milpo within 15km of the boundaries of the existing property package. Tiomin recently received US$7 million from Milpo as part of the transaction and previously disclosed that the property contains NI 43-101 resources of two billion pounds of copper and 500,000 ounces of gold;
An agreement regarding the Kwale titanium project in Kenya that may see new Vaaldiam receive a cash payment of US$3 million and a 1.5% royalty on gross revenue from the project;
An unlisted investment in Kivu Gold of 10.6 million shares with an accounting value of Cdn$1.67 million on the books but which recently completed a private placement at Cdn$0.50 per share;
Additional listed securities valued at approximately Cdn$1.8 million; and
A receivable of Cdn$855,000 from Freegold Ventures Limited (TSX: ITF), which may be converted to equity at a discount in the future.
Vaaldiam will be a leading diamond production, exploration and development company with a pro-forma market capitalization of $25 million based on Tiomin's closing share price of Cdn$0.035 on Friday, March 12, 2010.
Tiomin's Robbert Borst is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release. For further information contact: Robert Jackson, CEO of Tiomin, at rjackson@tiomin.com or Ken Johnson, CEO of Vaaldiam Resources, at ken.johnson@vaaldiam.com.
Title: Tiomin Shareholders Approve Acquisition Of Vaaldiam
------------------------------------------------------------------
TORONTO -- March 15, 2010: Tiomin Resources Inc.
('Tiomin' or the 'Company') (TSX: TIO) shareholders today voted to issue approximately 215 million pre-consolidation common shares of Tiomin to acquire Vaaldiam Resources Ltd. ('Vaaldiam Resources') (TSX: VAA). Vaaldiam Resources shareholders will receive 0.8 of a pre-consolidation Tiomin common share for each Vaaldiam Resources share owned. Shareholders of Tiomin also approved a change of name from Tiomin Resources Inc. to Vaaldiam Mining Inc. ('new Vaaldiam') (TSX: VAA), and to consolidate the outstanding shares on the basis of one new Vaaldiam share for every 10 old Tiomin shares. The new Vaaldiam will have approximately 70 million common shares outstanding following the consolidation and completion of the acquisition. The transaction remains subject to final regulatory and court approval and should be completed by March 31.
Robert Jackson, CEO of Tiomin and new Vaaldiam, said "We are delighted with this exciting deal and look forward to working with our new partners, who are highly competent and experienced. This is a rebirth for both companies and we are optimistic that it will work well. For more than three years Tiomin has had no story to tell and now it does. We have a simple strategy focused on an anticipation of imminent and expanding cash flow from diamond production in Brazil. Brazil is an excellent mining country. We enter the diamond business as a producer at a time when rough diamond prices have largely recovered from the financial crisis and industry experts predict that new projects will fail to satisfy demand. We will have production, a strong balance sheet, an experienced board and team, an exciting kimberlite exploration program, gold exploration properties and investments and the potential for future cash payments and royalties from Tiomin's existing assets. We are determined to avoid further dilution unless absolutely necessary and hope to internally fund much of our exploration work. Our immediate challenge is to restart diamond and gold production and to educate investors about the excellent investment opportunity that this transaction represents".
The new Vaaldiam will have following attributes:
Immediate Production: Diamond and gold production to resume at the 100%-owned Duas Barras mine, which operated profitably prior to being placed on care and maintenance as a result of the global financial crisis with historical gross revenues of US$165/carat and costs of US$85/carat;
Strong Balance Sheet: About Cdn$15.5 million in cash, net of transaction costs, to fund exploration and development and to settle Vaaldiam Resource's outstanding liabilities;
Production Growth: Staged resumption and growth of production at its two 100% owned diamond mines and the expansion of resources through exploration and development of the mines' exploration properties: Initial diamond production at Duas Barras, pre-expansion, is projected to be:
20,000 carats in 2010
40,000 carats in 2011
The anticipated restart of the Chapada mine and the development of the Braúna kimberlite project, which is currently conducting a bulk-sampling program, are, if successful, expected to significantly add to this production. Chapada received prices of US$400-500/carat prior to closing in the financial crisis;
Advanced Diamond Development Pipeline: In addition to becoming South America's largest diamond producer, new Vaaldiam will hold interests in three advanced-stage kimberlite deposits in Brazil and Canada and also own a large exploration database of kimberlite occurrences in Brazil;
Experienced Board and Management: The directors and management of new Vaaldiam are extremely experienced and have a track record of success in realizing shareholder value. The local teams in Brazil and Canada are highly-skilled and experienced operational and exploration professionals; and
Undervalued Portfolio of Other Assets: New Vaaldiam inherits a high potential portfolio of investments from Tiomin, which can be sold in the future:
An agreement with Compañia Minera Milpo S.A. ('Milpo') on the Pukaqaqa copper-gold project in Peru, whereby new Vaaldiam receives US$4 million if the project reaches commercial production and an additional US$4 million one year later. In addition new Vaaldiam receives a 1% NSR on all mineral production from the current Pukaqaqa property package if the quarterly London Metal Exchange copper price averages US$3/lb or less and a 2% NSR above US$3/lb. The NSR also applies to any properties subsequently acquired by Milpo within 15km of the boundaries of the existing property package. Tiomin recently received US$7 million from Milpo as part of the transaction and previously disclosed that the property contains NI 43-101 resources of two billion pounds of copper and 500,000 ounces of gold;
An agreement regarding the Kwale titanium project in Kenya that may see new Vaaldiam receive a cash payment of US$3 million and a 1.5% royalty on gross revenue from the project;
An unlisted investment in Kivu Gold of 10.6 million shares with an accounting value of Cdn$1.67 million on the books but which recently completed a private placement at Cdn$0.50 per share;
Additional listed securities valued at approximately Cdn$1.8 million; and
A receivable of Cdn$855,000 from Freegold Ventures Limited (TSX: ITF), which may be converted to equity at a discount in the future.
Vaaldiam will be a leading diamond production, exploration and development company with a pro-forma market capitalization of $25 million based on Tiomin's closing share price of Cdn$0.035 on Friday, March 12, 2010.
Tiomin's Robbert Borst is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release. For further information contact: Robert Jackson, CEO of Tiomin, at rjackson@tiomin.com or Ken Johnson, CEO of Vaaldiam Resources, at ken.johnson@vaaldiam.com.
Wichtige Neuigkeiten für Tiomin Resources
Ob das allerdings irgend etwas ändern wird durch einen neuen Namen wird sich zeigen. Alles in Allem eine sehr enttäuschende Entwicklung.
PLEASE NOTE THAT TIOMIN RESOURCES INC. HAS CHANGED ITS COMPANY NAME TO VAALDIAM MINING INC. AND WILL RELOCATE TO THE FOLLOWING ADDRESS EFFECTIVE APRIL 6, 2010:
55 UNIVERSITY AVENUE
SUITE 1105
TORONTO, ONTARIO M5J 2H7
CANADA
PHONE NUMBERS:
(416) 363 6927
FAX NUMBER:
(416) 363 2564
e-mail: info@vaaldiam.com
website: www.vaaldiam.com
Tiomin Completes Acquisition of Vaaldiam Resources
TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Tiomin Resources Inc. ("Tiomin") (TSX:TIO - News) and Vaaldiam Resources Ltd. ("Vaaldiam Resources") (TSX:VAA - News) jointly announced today the closing of the previously announced plan of arrangement (the "Arrangement"), pursuant to which Tiomin acquired all of the outstanding common shares of Vaaldiam Resources in consideration of 0.08 Tiomin common shares (post-consolidation) for each Vaaldiam Resources common share. In connection with the completion of the Arrangement, the common shares of Tiomin have been consolidated on a 10 for 1 basis and Tiomin has changed its name to "Vaaldiam Mining Inc." ("Vaaldiam Mining").
The Arrangement was carried out pursuant to the provisions of the Canada Business Corporations Act and was approved by the Ontario Superior Court of Justice on March 18, 2010 and the affirmative votes of the Vaaldiam Resources shareholders at a meeting held on March 15, 2010.
The Vaaldiam Resources common shares are expected to be de-listed from the Toronto Stock Exchange at the close of business on Thursday, March 25, 2010. The Tiomin common shares are expected to begin trading under the name "Vaaldiam Mining Inc." under the symbol "VAA" at the opening of trading on Friday, March 26, 2010.
Holders of Vaaldiam Resources common shares are reminded that, in order to receive the consideration to which they are entitled pursuant to the Arrangement, they should promptly complete and execute the letter of transmittal delivered to them with their shareholder meeting materials, and present and surrender the certificate(s) representing their Vaaldiam Resources common shares in accordance with the letter of transmittal to Equity Transfer & Trust Company, the depositary for the Arrangement, at the address indicated on the letter of transmittal. Failure to present and surrender the certificate(s) representing such common shares on or before the sixth anniversary of closing will result in the termination of any entitlement of the holder of such common shares to receive the consideration otherwise payable to such holder under the Arrangement.
Vaaldiam Mining will have the following attributes:
-- Immediate Production: Diamond and gold production to resume at the 100%-
owned Duas Barras mine, which operated profitably prior to being placed
on care and maintenance as a result of the global financial crisis;
-- Strong Balance Sheet: Approximately Cdn$15.5 million in cash, net of
transaction costs, to fund exploration and development and to settle
Vaaldiam Resources' outstanding liabilities;
-- Production Growth: Staged resumption and growth of production at its two
100%-owned diamond mines and the expansion of resources through
exploration and development of the mines' exploration properties.
Initial diamond production at Duas Barras, pre-expansion, is projected
to be:
-- 20,000 carats in 2010
-- 40,000 carats in 2011
The anticipated restart of the Chapada mine and the development of
the Brauna kimberlite project, which is currently conducting a bulk-
sampling program, are, if successful, expected to significantly add
to this production;
-- Advanced Diamond Development Pipeline: In addition to becoming South
America's largest diamond producer, Vaaldiam Mining will hold interests
in three advanced-stage kimberlite deposits in Brazil and Canada and
also own a large exploration database of kimberlite occurrences in
Brazil;
-- Experienced Board and Management: The directors and management of
Vaaldiam Mining are extremely experienced and have a track record of
success in realizing shareholder value. The local teams in Brazil and
Canada are highly-skilled and experienced operational and exploration
professionals; and
-- Undervalued Portfolio of Other Assets: Vaaldiam Mining inherits a high
potential portfolio of investments from Tiomin, which can be sold in the
future:
-- An agreement with Compania Minera Milpo S.A. ("Milpo") on the
Pukaqaqa copper-gold project in Peru, whereby Vaaldiam Resources
receives US$4 million if the project reaches commercial production
and an additional US$4 million one year later. In addition, Vaaldiam
Mining receives a 1% NSR on all mineral production from the current
Pukaqaqa property package if the quarterly London Metal Exchange
copper price averages US$3/lb or less and a 2% NSR above US$3/lb.
The NSR also applies to any properties subsequently acquired by
Milpo within 15 km of the boundaries of the existing property
package. Tiomin recently received US$7 million from Milpo as part of
the transaction and previously disclosed details of the property's
resources which contain two billion pounds of copper and 500,000
ounces of gold;
-- An agreement regarding the Kwale titanium project in Kenya that may
see Vaaldiam Mining receive a cash payment of US$3 million and a
1.5% royalty on gross revenue from the project;
-- An unlisted investment in Kivu Gold of 10.6 million shares with an
accounting value of Cdn$1.67 million on the books but which recently
completed a private placement at Cdn$0.50 per share;
-- Additional listed securities valued at approximately Cdn$1.8
million; and
-- A receivable of Cdn$855,000 from Freegold Ventures Limited
(TSX:ITF - News), which may be converted to equity at a discount in the
future.
Vaaldiam Mining will be a leading diamond production, exploration and development company with a pro-forma market capitalization of $25 million based on Tiomin's closing share price of Cdn$0.035 on Monday, March 22, 2010.
Robert Jackson, Chief Executive Officer of Vaaldiam Mining said "Your company now has a solid balance sheet and it is anticipated that it will have imminent cash flow from operations. We have excellent diamond and gold exploration potential, seasoned management and a product, rough diamonds, where demand outstrips supply. We feel more confident about the outlook than at any time in recent years."
Tiomin's Robbert Borst is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release.
http://finance.yahoo.com/news/Tiomin-Completes-Acquisition-c…
Ob das allerdings irgend etwas ändern wird durch einen neuen Namen wird sich zeigen. Alles in Allem eine sehr enttäuschende Entwicklung.
PLEASE NOTE THAT TIOMIN RESOURCES INC. HAS CHANGED ITS COMPANY NAME TO VAALDIAM MINING INC. AND WILL RELOCATE TO THE FOLLOWING ADDRESS EFFECTIVE APRIL 6, 2010:
55 UNIVERSITY AVENUE
SUITE 1105
TORONTO, ONTARIO M5J 2H7
CANADA
PHONE NUMBERS:
(416) 363 6927
FAX NUMBER:
(416) 363 2564
e-mail: info@vaaldiam.com
website: www.vaaldiam.com
Tiomin Completes Acquisition of Vaaldiam Resources
TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Tiomin Resources Inc. ("Tiomin") (TSX:TIO - News) and Vaaldiam Resources Ltd. ("Vaaldiam Resources") (TSX:VAA - News) jointly announced today the closing of the previously announced plan of arrangement (the "Arrangement"), pursuant to which Tiomin acquired all of the outstanding common shares of Vaaldiam Resources in consideration of 0.08 Tiomin common shares (post-consolidation) for each Vaaldiam Resources common share. In connection with the completion of the Arrangement, the common shares of Tiomin have been consolidated on a 10 for 1 basis and Tiomin has changed its name to "Vaaldiam Mining Inc." ("Vaaldiam Mining").
The Arrangement was carried out pursuant to the provisions of the Canada Business Corporations Act and was approved by the Ontario Superior Court of Justice on March 18, 2010 and the affirmative votes of the Vaaldiam Resources shareholders at a meeting held on March 15, 2010.
The Vaaldiam Resources common shares are expected to be de-listed from the Toronto Stock Exchange at the close of business on Thursday, March 25, 2010. The Tiomin common shares are expected to begin trading under the name "Vaaldiam Mining Inc." under the symbol "VAA" at the opening of trading on Friday, March 26, 2010.
Holders of Vaaldiam Resources common shares are reminded that, in order to receive the consideration to which they are entitled pursuant to the Arrangement, they should promptly complete and execute the letter of transmittal delivered to them with their shareholder meeting materials, and present and surrender the certificate(s) representing their Vaaldiam Resources common shares in accordance with the letter of transmittal to Equity Transfer & Trust Company, the depositary for the Arrangement, at the address indicated on the letter of transmittal. Failure to present and surrender the certificate(s) representing such common shares on or before the sixth anniversary of closing will result in the termination of any entitlement of the holder of such common shares to receive the consideration otherwise payable to such holder under the Arrangement.
Vaaldiam Mining will have the following attributes:
-- Immediate Production: Diamond and gold production to resume at the 100%-
owned Duas Barras mine, which operated profitably prior to being placed
on care and maintenance as a result of the global financial crisis;
-- Strong Balance Sheet: Approximately Cdn$15.5 million in cash, net of
transaction costs, to fund exploration and development and to settle
Vaaldiam Resources' outstanding liabilities;
-- Production Growth: Staged resumption and growth of production at its two
100%-owned diamond mines and the expansion of resources through
exploration and development of the mines' exploration properties.
Initial diamond production at Duas Barras, pre-expansion, is projected
to be:
-- 20,000 carats in 2010
-- 40,000 carats in 2011
The anticipated restart of the Chapada mine and the development of
the Brauna kimberlite project, which is currently conducting a bulk-
sampling program, are, if successful, expected to significantly add
to this production;
-- Advanced Diamond Development Pipeline: In addition to becoming South
America's largest diamond producer, Vaaldiam Mining will hold interests
in three advanced-stage kimberlite deposits in Brazil and Canada and
also own a large exploration database of kimberlite occurrences in
Brazil;
-- Experienced Board and Management: The directors and management of
Vaaldiam Mining are extremely experienced and have a track record of
success in realizing shareholder value. The local teams in Brazil and
Canada are highly-skilled and experienced operational and exploration
professionals; and
-- Undervalued Portfolio of Other Assets: Vaaldiam Mining inherits a high
potential portfolio of investments from Tiomin, which can be sold in the
future:
-- An agreement with Compania Minera Milpo S.A. ("Milpo") on the
Pukaqaqa copper-gold project in Peru, whereby Vaaldiam Resources
receives US$4 million if the project reaches commercial production
and an additional US$4 million one year later. In addition, Vaaldiam
Mining receives a 1% NSR on all mineral production from the current
Pukaqaqa property package if the quarterly London Metal Exchange
copper price averages US$3/lb or less and a 2% NSR above US$3/lb.
The NSR also applies to any properties subsequently acquired by
Milpo within 15 km of the boundaries of the existing property
package. Tiomin recently received US$7 million from Milpo as part of
the transaction and previously disclosed details of the property's
resources which contain two billion pounds of copper and 500,000
ounces of gold;
-- An agreement regarding the Kwale titanium project in Kenya that may
see Vaaldiam Mining receive a cash payment of US$3 million and a
1.5% royalty on gross revenue from the project;
-- An unlisted investment in Kivu Gold of 10.6 million shares with an
accounting value of Cdn$1.67 million on the books but which recently
completed a private placement at Cdn$0.50 per share;
-- Additional listed securities valued at approximately Cdn$1.8
million; and
-- A receivable of Cdn$855,000 from Freegold Ventures Limited
(TSX:ITF - News), which may be converted to equity at a discount in the
future.
Vaaldiam Mining will be a leading diamond production, exploration and development company with a pro-forma market capitalization of $25 million based on Tiomin's closing share price of Cdn$0.035 on Monday, March 22, 2010.
Robert Jackson, Chief Executive Officer of Vaaldiam Mining said "Your company now has a solid balance sheet and it is anticipated that it will have imminent cash flow from operations. We have excellent diamond and gold exploration potential, seasoned management and a product, rough diamonds, where demand outstrips supply. We feel more confident about the outlook than at any time in recent years."
Tiomin's Robbert Borst is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release.
http://finance.yahoo.com/news/Tiomin-Completes-Acquisition-c…
Vaaldiam Resources Chart (VAA)
Der enorme Aufschlag hat nicht viel zu bedeuten, da Vaaldiam Resources nun das letzte Kursniveau von Tiomin Res. übernommen hat.
(0,030 canad. Dollar)
Kurs: 0.245 1125.00%
Vaaldiam Resources Historischer Chart Zeitraum: 3 Jahre
VAALDIAM RESOURCES INC
(Toronto: VAA.TO)
Last Trade: 0.255
Trade Time: 3:24pm ET
Change: Down 0.045 (15.00%)
Prev Close: 0.30
Open: 0.29
Bid: 0.245
Ask: 0.255
1y Target Est: N/A
Day's Range: 0.185 - 0.29
52wk Range: 0.02 - 0.29
Volume: 1,882,318
Der enorme Aufschlag hat nicht viel zu bedeuten, da Vaaldiam Resources nun das letzte Kursniveau von Tiomin Res. übernommen hat.
(0,030 canad. Dollar)
Kurs: 0.245 1125.00%
Vaaldiam Resources Historischer Chart Zeitraum: 3 Jahre
VAALDIAM RESOURCES INC
(Toronto: VAA.TO)
Last Trade: 0.255
Trade Time: 3:24pm ET
Change: Down 0.045 (15.00%)
Prev Close: 0.30
Open: 0.29
Bid: 0.245
Ask: 0.255
1y Target Est: N/A
Day's Range: 0.185 - 0.29
52wk Range: 0.02 - 0.29
Volume: 1,882,318
Antwort auf Beitrag Nr.: 39.226.696 von jensdab am 26.03.10 20:47:44habe ich das richtig mitbekommen. Tiomin selber wird nicht mehr gehandelt? nur vaaldiam. als die neue vaaldiam & tiomin zusammen.
?
?
Antwort auf Beitrag Nr.: 39.227.061 von commodityleviathan am 26.03.10 21:41:56Ja, genau so ist es.
Am 25.3.2010 wurde Tiomin Resources zum letzten Mal an der Toronto Stock Exchange gehandelt.
Jetzt gilt nur noch Vaaldiam Resources TSE:VAA
Maxim. Chartverlauf für TIOMIN Res.:
Am 25.3.2010 wurde Tiomin Resources zum letzten Mal an der Toronto Stock Exchange gehandelt.
Jetzt gilt nur noch Vaaldiam Resources TSE:VAA
Maxim. Chartverlauf für TIOMIN Res.:
Antwort auf Beitrag Nr.: 39.227.504 von jensdab am 27.03.10 00:21:38wie seht ihr die perspektiven bei der Neuen vaaldiam mining?
Antwort auf Beitrag Nr.: 39.316.877 von commodityleviathan am 12.04.10 17:41:37producer werden vorrangig nach kgv und mittelfristigen aussichten bewertet
21.04.2010 14:53
BRIEF-Vaaldiam Mining gives update on Duas Barras mine
April 21 (Reuters) - Vaaldiam Mining Inc:
* Says preparing to restart diamond production at the Duas Barras mine in Minas
Gerais, Brazil
* Says Duas Barras mine production expected by Q3, 2010
* Evaluating Chapada diamond mine near Cuiaba in Mato Grosso to either restarting production in 2011 or selling the asset
http://www.finanznachrichten.de/nachrichten-2010-04/16685050…
Diese news haben den Aktienkurs jedenfalls nicht beflügelt.
Mal abwarten wie es hier weitergeht.....
Vaaldiam Attends ResourceOne Conference, Gives Strategic Update
Datum: 21/04/2010 @ 14h31
Quelle: MarketWire Canada
Name: Vaaldiam Mining Inc. (VAA)
Kurs: 0.31 -0.01 (-3.12%) @ 15h26
TORONTO, ONTARIO--(Marketwire - April 21, 2010) - Vaaldiam Mining Inc. ('Vaaldiam' or 'the Company') (TSX:VAA) will
present at 10.00 am on April 22, 2010 at the ResourceOne Conference at The W hotel at 541 Lexington Avenue (corner of
49th and 50th) in New York City.
Vaaldiam's Brazil-focused strategy is to use cash flow from its alluvial diamond and gold production to finance hard-rock exploration for both diamonds and gold while disposing of non-core assets in Kenya and Canada.
Vaaldiam is preparing to restart diamond production at the Duas Barras mine in Minas Gerais, Brazil with production expected by Q3, 2010. The mine contains National Instrument 43-101 indicated resources of 1,530,800 cubic metres of gravel at an average grade of 0.16 carats per cubic metre and 0.18 grams gold per cubic metre, and inferred resources of 810,000 cubic metres of gravel at an average grade of 0.16 carats per cubic metre and 0.18 grams of gold per cubic metre. The mine is expected to generate immediate and self- sustaining cash flow for Vaaldiam from the sale of diamonds and gold. Prior to the financial crisis the Duas Barras mine achieved average rough diamond sales values of US$165 per carat. Operating costs are expected to average US$85 per carat.
The Company is also evaluating its Chapada diamond mine near Cuiaba in Mato Grosso, Brazil with regard to either restarting production in 2011 or selling the asset. Chapada historically produced large, high quality diamonds that prior to the suspension of mining activity in July 2008 achieved average sales values of US$490 per carat.
Robert Jackson, CEO, said "These two mines and their surrounding regions should make Vaaldiam self- supporting with the potential to increase resources and production. Our merger with Tiomin Resources Inc. created a new and well-financed diamond mining and exploration company in Brazil. We have production and exploration potential plus a very interesting gold property with current activity by artisanal miners. Vaaldiam's local management is highly skilled with many decades of combined experience with De Beers, Rio Tinto and CVRD. We are now working our way through the immediate post-merger issues but are highly confident that, after a period of consolidation, our assets and tight management will deliver a strong performance that rewards our shareholders. The Brauna and Catalao kimberlite diamond projects offer substantial exploration upside".
Ms. Katya Masun, P.Geo., Vaaldiam's Senior Resource Geologist, is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release. For additional information regarding Vaaldiam Mining please visit www.vaaldiam.com.
BRIEF-Vaaldiam Mining gives update on Duas Barras mine
April 21 (Reuters) - Vaaldiam Mining Inc:
* Says preparing to restart diamond production at the Duas Barras mine in Minas
Gerais, Brazil
* Says Duas Barras mine production expected by Q3, 2010
* Evaluating Chapada diamond mine near Cuiaba in Mato Grosso to either restarting production in 2011 or selling the asset
http://www.finanznachrichten.de/nachrichten-2010-04/16685050…
Diese news haben den Aktienkurs jedenfalls nicht beflügelt.
Mal abwarten wie es hier weitergeht.....
Vaaldiam Attends ResourceOne Conference, Gives Strategic Update
Datum: 21/04/2010 @ 14h31
Quelle: MarketWire Canada
Name: Vaaldiam Mining Inc. (VAA)
Kurs: 0.31 -0.01 (-3.12%) @ 15h26
TORONTO, ONTARIO--(Marketwire - April 21, 2010) - Vaaldiam Mining Inc. ('Vaaldiam' or 'the Company') (TSX:VAA) will
present at 10.00 am on April 22, 2010 at the ResourceOne Conference at The W hotel at 541 Lexington Avenue (corner of
49th and 50th) in New York City.
Vaaldiam's Brazil-focused strategy is to use cash flow from its alluvial diamond and gold production to finance hard-rock exploration for both diamonds and gold while disposing of non-core assets in Kenya and Canada.
Vaaldiam is preparing to restart diamond production at the Duas Barras mine in Minas Gerais, Brazil with production expected by Q3, 2010. The mine contains National Instrument 43-101 indicated resources of 1,530,800 cubic metres of gravel at an average grade of 0.16 carats per cubic metre and 0.18 grams gold per cubic metre, and inferred resources of 810,000 cubic metres of gravel at an average grade of 0.16 carats per cubic metre and 0.18 grams of gold per cubic metre. The mine is expected to generate immediate and self- sustaining cash flow for Vaaldiam from the sale of diamonds and gold. Prior to the financial crisis the Duas Barras mine achieved average rough diamond sales values of US$165 per carat. Operating costs are expected to average US$85 per carat.
The Company is also evaluating its Chapada diamond mine near Cuiaba in Mato Grosso, Brazil with regard to either restarting production in 2011 or selling the asset. Chapada historically produced large, high quality diamonds that prior to the suspension of mining activity in July 2008 achieved average sales values of US$490 per carat.
Robert Jackson, CEO, said "These two mines and their surrounding regions should make Vaaldiam self- supporting with the potential to increase resources and production. Our merger with Tiomin Resources Inc. created a new and well-financed diamond mining and exploration company in Brazil. We have production and exploration potential plus a very interesting gold property with current activity by artisanal miners. Vaaldiam's local management is highly skilled with many decades of combined experience with De Beers, Rio Tinto and CVRD. We are now working our way through the immediate post-merger issues but are highly confident that, after a period of consolidation, our assets and tight management will deliver a strong performance that rewards our shareholders. The Brauna and Catalao kimberlite diamond projects offer substantial exploration upside".
Ms. Katya Masun, P.Geo., Vaaldiam's Senior Resource Geologist, is a "qualified person" under National Instrument 43-101 and has reviewed the technical information contained in this press release. For additional information regarding Vaaldiam Mining please visit www.vaaldiam.com.
Vaaldiam Press Release 14.10.2010
VAALDIAM REPORTS EXCELLENT DIAMOND RESULTS AT BRÁUNA AND DISCUSSES RESTART AT DUAS BARRAS MINE
TORONTO: October 14, 2010 – Vaaldiam Mining Inc. („Vaaldiam‟ or „the Company‟) (TSX: VAA) is pleased to report results of Sample 2 of the diamond bulk sample program at the Braúna 3 kimberlite pipe („B3‟), situated on its Braúna property in Bahia State, Brazil.
Sample 2 recovered 2,833 commercial-sized diamonds (greater than 1.1 mm square mesh screen) with a total weight of 604 carats and a sample grade of 25.9 carats per hundred tonnes (cpht) from 2,327.5 dry tonnes of kimberlite.
Vaaldiam CEO Robert Jackson said “These are excellent results that improve upon the strong results of Sample 1. The stone size and quality are very good and the project has good exploration potential. B3 is open at depth below 200 metres and laterally to the north-west. It is one of 22 kimberlite occurrences on the property. The resource estimate will be completed during Q4.”
The results for Sample 2 are as follows:
Dry Tonnes
# of Stones
Total Carats
Average Carats / Stone
Dry Grade (cpht)1
2,327.5
2,833
603.81
0.21
25.9
Sample 2 contained 45 diamonds greater than 2 carats, including 21 stones greater than 3 carats, 6 stones greater than 5 carats and 2 stones greater than 10 carats. The average size of the stones recovered from the sample is 0.21 carats per stone and the five largest diamonds recovered are 10.86, 10.55, 9.38, 8.53 and 6.38 carats. Three large diamonds were broken during processing of the kimberlite sample. The total weight of the matched pieces recovered from each of the three broken stones is 18.41 carats (28 pieces), 13.58 carats (5 pieces) and 11.66 carats (2 pieces).
Sample 2 was excavated from a trench on the southern lobe of the pipe, at a depth of approximately 5.5 metres below surface, and 1.5 metres below the level of the first bulk sample, the results of which were reported on September 8, 2010. Combined, Sample 1 and Sample 2 produced 4,786 diamonds with a total weight of 1,014.62 carats from 4,158.2 dry tonnes of kimberlite, resulting in an average recovered grade of 24.4 cpht, maintaining an average stone size of 0.21 carats per stone. The combined results of Sample 1 and Sample 2 are as follows:
Dry Tonnes
# of Stones
Total Carats
Average Carats / Stone
Dry Grade (cpht)1
4,158.2
4,786
1,014.62
0.21
24.4
The colour of 60% of the diamonds recovered from both samples has been classified as White and 40% of the diamonds are classified as Off-White or other colours. The five largest stones are 10.86 carats (White), 10.55 carats (Off-White), 9.38 carats (Dark Grey), 8.53 carats (Grey) and 6.38 carats (White). Seven diamonds are
1 The estimated diamond content, expressed as carats per hundred tonnes (cpht), may not be representative of the overall diamond content of the body due to a number of factors including location and size of sample, and the bottom screen size of the processing plant (1mm). The value was calculated based on kimberlite sample weight, an average moisture content of 11.5% for Sample 1 and 9.7% for Sample 2, and recovered diamond carat weight.
2
yellow, with two stones (3.87 carats and 2.28 carats) classified as fancy yellow. Photos of some of the diamonds recovered as well as a map showing the location of the bulk samples are available for viewing on Vaaldiam‟s website at [Braúna Diamond Gallery].
The bulk sample excavated saprolitic kimberlite from a surface trench to a depth of approximately 7 metres below surface. Strict “Chain of Custody” procedures conforming to industry standards ensured sample integrity. Sample processing and diamond recovery occurred on-site using a 20 tonne per hour crushing and screening circuit which prepared the kimberlite for processing through a modular 10 tonne per hour Dense Media Separator (DMS), which produced a diamond-bearing concentrate ranging in size from -16mm to +1 mm. The concentrates were classified into three sizes and batch fed through a Flowsort™ X-ray diamond recovery unit. To ensure recovery of low luminosity diamonds, the Flowsort™ tailings were processed over a grease table. Flowsort™ and grease table concentrates are processed for final diamond recovery on-site. The final recovery of diamonds included screening, manual sorting and weighing of the diamonds in a “glove box” to ensure security of the sample.
The B3 pipe is located just 7 km south of the city of Nordestina which provides the project with excellent infrastructure, services and skilled personnel. The pipe is one of 22 kimberlite occurrences discovered so far on the 121 sq km property. To date, Vaaldiam has carried out exploration work on only 5 of the 22 kimberlite occurrences, including the Braúna 8 („B8‟) kimberlite dike situated 5 km north of the B3 pipe. Mini-bulk samples extracted from this 4.5 metre-wide dike resulted in the recovery of 170 diamonds weighing 19.37 carats from approximately 46 dry tonnes, inferring a recovered grade of 42 cpht. Included in the diamonds recovered was a 7.97 carat white octahedron stone, the largest recovered from the B8 kimberlite. The second largest diamond recovered from the B8 kimberlite was a 0.92 carat pink diamond, while another pink stone was recovered, which appeared to have been broken during processing. The B8 occurrence is a vertically oriented kimberlite dike forming a 1,000 metre long section of the northwest trending dike system. Recent exploration conducted in the vicinity of the B8 dike has confirmed that this dike is linked to the Braúna 21 occurrence. Mini-bulk sampling of the one hectare Braúna 7 pipe, situated 1 km to the east of the B3 pipe, resulted in the recovery of 30 diamonds with a total weight of 3.87 carats from approximately 87 tonnes of kimberlite with an estimated recovered diamond grade of 4.5 cpht.
Vaaldiam holds a 20% interest in the Braúna project. It can increase its interest to 49% by paying its partners an estimated amount of approximately US$6.7 million for costs incurred to complete the bulk sample, which is expected to be completed in Q4 2010. Vaaldiam may or may not exercise this option and may dispose of it to a third party. At June 30, 2010 Vaaldiam had $10.5 million of cash and subsequently added US$3 million from the sale of assets.
The Duas Barras mine is now processing diamond-bearing gravels blended from stockpiles and new run-of-mine material from freshly-stripped areas. Plant availability, plant recovery and operating costs are acceptable. Initial in-pit diamond grades are currently lower than the overall expected grade in the NI 43-101 resource but alluvial operations are noted for greater grade variability than hard-rock mines. The Company is monitoring the recovered grades in the expectation that they will revert to the resource average grade.
This release has been reviewed by Katya Masun P.Geo., who is a qualified person under National Instrument 43-101. For additional information regarding Vaaldiam please visit www.vaaldiam.com, or contact Robert Jackson, President and Chief Executive Officer at robert.jackson@vaaldiam.com or 416-363-6927.
http://www.finanznachrichten.de/nachrichten-2010-10/18237772…
https://irm.ipreo.com/OpenFileLink.aspx?ID1=161b0dc4b9134597…
VAALDIAM REPORTS EXCELLENT DIAMOND RESULTS AT BRÁUNA AND DISCUSSES RESTART AT DUAS BARRAS MINE
TORONTO: October 14, 2010 – Vaaldiam Mining Inc. („Vaaldiam‟ or „the Company‟) (TSX: VAA) is pleased to report results of Sample 2 of the diamond bulk sample program at the Braúna 3 kimberlite pipe („B3‟), situated on its Braúna property in Bahia State, Brazil.
Sample 2 recovered 2,833 commercial-sized diamonds (greater than 1.1 mm square mesh screen) with a total weight of 604 carats and a sample grade of 25.9 carats per hundred tonnes (cpht) from 2,327.5 dry tonnes of kimberlite.
Vaaldiam CEO Robert Jackson said “These are excellent results that improve upon the strong results of Sample 1. The stone size and quality are very good and the project has good exploration potential. B3 is open at depth below 200 metres and laterally to the north-west. It is one of 22 kimberlite occurrences on the property. The resource estimate will be completed during Q4.”
The results for Sample 2 are as follows:
Dry Tonnes
# of Stones
Total Carats
Average Carats / Stone
Dry Grade (cpht)1
2,327.5
2,833
603.81
0.21
25.9
Sample 2 contained 45 diamonds greater than 2 carats, including 21 stones greater than 3 carats, 6 stones greater than 5 carats and 2 stones greater than 10 carats. The average size of the stones recovered from the sample is 0.21 carats per stone and the five largest diamonds recovered are 10.86, 10.55, 9.38, 8.53 and 6.38 carats. Three large diamonds were broken during processing of the kimberlite sample. The total weight of the matched pieces recovered from each of the three broken stones is 18.41 carats (28 pieces), 13.58 carats (5 pieces) and 11.66 carats (2 pieces).
Sample 2 was excavated from a trench on the southern lobe of the pipe, at a depth of approximately 5.5 metres below surface, and 1.5 metres below the level of the first bulk sample, the results of which were reported on September 8, 2010. Combined, Sample 1 and Sample 2 produced 4,786 diamonds with a total weight of 1,014.62 carats from 4,158.2 dry tonnes of kimberlite, resulting in an average recovered grade of 24.4 cpht, maintaining an average stone size of 0.21 carats per stone. The combined results of Sample 1 and Sample 2 are as follows:
Dry Tonnes
# of Stones
Total Carats
Average Carats / Stone
Dry Grade (cpht)1
4,158.2
4,786
1,014.62
0.21
24.4
The colour of 60% of the diamonds recovered from both samples has been classified as White and 40% of the diamonds are classified as Off-White or other colours. The five largest stones are 10.86 carats (White), 10.55 carats (Off-White), 9.38 carats (Dark Grey), 8.53 carats (Grey) and 6.38 carats (White). Seven diamonds are
1 The estimated diamond content, expressed as carats per hundred tonnes (cpht), may not be representative of the overall diamond content of the body due to a number of factors including location and size of sample, and the bottom screen size of the processing plant (1mm). The value was calculated based on kimberlite sample weight, an average moisture content of 11.5% for Sample 1 and 9.7% for Sample 2, and recovered diamond carat weight.
2
yellow, with two stones (3.87 carats and 2.28 carats) classified as fancy yellow. Photos of some of the diamonds recovered as well as a map showing the location of the bulk samples are available for viewing on Vaaldiam‟s website at [Braúna Diamond Gallery].
The bulk sample excavated saprolitic kimberlite from a surface trench to a depth of approximately 7 metres below surface. Strict “Chain of Custody” procedures conforming to industry standards ensured sample integrity. Sample processing and diamond recovery occurred on-site using a 20 tonne per hour crushing and screening circuit which prepared the kimberlite for processing through a modular 10 tonne per hour Dense Media Separator (DMS), which produced a diamond-bearing concentrate ranging in size from -16mm to +1 mm. The concentrates were classified into three sizes and batch fed through a Flowsort™ X-ray diamond recovery unit. To ensure recovery of low luminosity diamonds, the Flowsort™ tailings were processed over a grease table. Flowsort™ and grease table concentrates are processed for final diamond recovery on-site. The final recovery of diamonds included screening, manual sorting and weighing of the diamonds in a “glove box” to ensure security of the sample.
The B3 pipe is located just 7 km south of the city of Nordestina which provides the project with excellent infrastructure, services and skilled personnel. The pipe is one of 22 kimberlite occurrences discovered so far on the 121 sq km property. To date, Vaaldiam has carried out exploration work on only 5 of the 22 kimberlite occurrences, including the Braúna 8 („B8‟) kimberlite dike situated 5 km north of the B3 pipe. Mini-bulk samples extracted from this 4.5 metre-wide dike resulted in the recovery of 170 diamonds weighing 19.37 carats from approximately 46 dry tonnes, inferring a recovered grade of 42 cpht. Included in the diamonds recovered was a 7.97 carat white octahedron stone, the largest recovered from the B8 kimberlite. The second largest diamond recovered from the B8 kimberlite was a 0.92 carat pink diamond, while another pink stone was recovered, which appeared to have been broken during processing. The B8 occurrence is a vertically oriented kimberlite dike forming a 1,000 metre long section of the northwest trending dike system. Recent exploration conducted in the vicinity of the B8 dike has confirmed that this dike is linked to the Braúna 21 occurrence. Mini-bulk sampling of the one hectare Braúna 7 pipe, situated 1 km to the east of the B3 pipe, resulted in the recovery of 30 diamonds with a total weight of 3.87 carats from approximately 87 tonnes of kimberlite with an estimated recovered diamond grade of 4.5 cpht.
Vaaldiam holds a 20% interest in the Braúna project. It can increase its interest to 49% by paying its partners an estimated amount of approximately US$6.7 million for costs incurred to complete the bulk sample, which is expected to be completed in Q4 2010. Vaaldiam may or may not exercise this option and may dispose of it to a third party. At June 30, 2010 Vaaldiam had $10.5 million of cash and subsequently added US$3 million from the sale of assets.
The Duas Barras mine is now processing diamond-bearing gravels blended from stockpiles and new run-of-mine material from freshly-stripped areas. Plant availability, plant recovery and operating costs are acceptable. Initial in-pit diamond grades are currently lower than the overall expected grade in the NI 43-101 resource but alluvial operations are noted for greater grade variability than hard-rock mines. The Company is monitoring the recovered grades in the expectation that they will revert to the resource average grade.
This release has been reviewed by Katya Masun P.Geo., who is a qualified person under National Instrument 43-101. For additional information regarding Vaaldiam please visit www.vaaldiam.com, or contact Robert Jackson, President and Chief Executive Officer at robert.jackson@vaaldiam.com or 416-363-6927.
http://www.finanznachrichten.de/nachrichten-2010-10/18237772…
https://irm.ipreo.com/OpenFileLink.aspx?ID1=161b0dc4b9134597…
VAALDIAM REPORTS 2010 Q3 FINANCIAL RESULTS
TORONTO – November 16, 2010 – Vaaldiam Mining Inc. (‘Vaaldiam’ or the ‘Company’) (TSX: VAA) reports that,
for the third quarter ended September 30, 2010, following the sale of certain non-core assets in the period, it has recorded
net income of $2,875,000 or $0.04 per share compared to a net loss of $31,347,000 or $0.65 for the same period in 2009.
Vaaldiam ended the third quarter with a strong cash position of $11.2 million and working capital of $9.8 million.
Vaaldiam also holds 10.6 million shares in Flemish Gold Corp. (‘Flemish’), which is focused on gold exploration in sub-
Saharan Africa, marketable securities valued presently at approximately $1.7 million and royalties on two major
exploration and development projects. In July, Flemish completed a private placement of approximately $6.6 million at
$0.75 per share.
Company Highlights
Braúna Bulk Sampling
The Company has completed its bulk sampling program at the Braúna kimberlite project in Bahia, Brazil, where
it has a 20% interest, with an option to increase its interest to 49%. A total of 4,909.26 dry tonnes of kimberlite
has been processed from the southern and northern lobes of the 2 hectare Braúna 3 pipe and resulted in the
recovery of 1,057.39 carats (‘cts’), with an average recovered grade of 21.5 cts per one hundred tonnes and an
average stone size of 0.21 cts per stone.
Duas Barras Mine
Pre-production at the Duas Barras mine resumed in the third quarter of 2010, focusing on pre-stripping and
plant commissioning. Diamond recovery during the third quarter pre-production was low, with 643 carats
recovered at a grade of 0.03 cts per bank cubic metre (‘bcm’). Ore grade improved consistently since September
with the opening of a second mining front that exposed substantial amounts of better quality gravels. Recovered
diamond grade increased to 0.07 cts per bcm of gravel in October with 1,060 cts being recovered, and 949 cts
grading 0.15 cts per bcm in the first 8 days of November, approaching the average resource grade of 0.16 cts
per bcm. As the wet season approaches, management continues to monitor Duas Barras closely and may
suspend activities should rainfall prevent the accumulation of a higher grade ore stockpile. As alluvial mining
operations are less predictable than conventional hard rock mining, management will no longer provide
production forecasts for Duas Barras.
Kwale Project in Kenya
On July 30, 2010, the Company closed the sale to Base Resources Limited (ASX:BSE) (‘BRL’), previously
Base Iron Limited) whereby BRL would acquire the Kwale Mineral Sands Project (‘Kwale’), all the intellectual
property associated with Vaaldiam’s mineral sands projects in Africa and an option to acquire 100% of Tiomin
Kenya Limited (‘TKL’) for US$3 million in cash on closing and a cash royalty of 1.5% of all product revenue
from Kwale.
Vaaldiam continues to pursue its strategy of using cash flow from disposing of non-core assets and alluvial diamond
properties to sustain itself and to advance its high-potential hard rock diamond and gold properties in Brazil. It is wellpositioned
to exploit the strengthening market for rough diamonds.
Results of Operations
(Expressed in thousands of Canadian dollars):
Three Months Ended Nine months Ended
September 30,
2010
September 30,
2009
September 30,
2010
September 30,
2009
Income (loss) before income tax 2,875 (31,347) (1,061) (35,339)
Income (loss) per share 0.04 (0.65) (0.02) (0.73)
Selected Financial Information
(Expressed in thousands of Canadian dollars, except share capital amounts):
September 30,
2010
September 30,
2009
Total assets 31,852 23,659
Working capital 9,787 13,572
Mineral properties 6,796 -
Share Capital:
Common shares (000s) 71,627 48,226
Warrants (000s) 9,844 10,329
Options (000s) 4,807 4,315
Cash Flow and Liquidity
As at September 30, 2010, Vaaldiam had a working capital surplus of $9.8 million, compared with $13.6 million at
September 30, 2009. For the nine months ended September 30, 2010, Vaaldiam generated cash of $9.9 million, which
included proceeds of $7.3 million from the sale of the Company’s interest in Pukaqaqa project in Peru, proceeds of $3.1
million on the sale of the Kwale project and proceeds of $10.0 million on the maturity of a short-term investment. This
was offset by cash used in operating activities of $7.0 million and $0.7 million used in the acquisition of Vaaldiam
Resources Ltd. With the current issues in the financial markets, it is important to note that the Company’s treasury
investment strategy ensured it was never exposed to asset backed commercial papers or sub-prime mortgages.
The information above should be reviewed in conjunction with the Company’s unaudited consolidated financial
statements and management discussion and analysis for the three months ended September 30, 2010 that will be
available shortly on www.sedar.com and www.vaaldiam.com.
For further information on Vaaldiam please contact:
Frances Kwong, VP Finance and CFO (E-Mail: frances.kwong@vaaldiam.com; Phone: 416-363-6927)
Robert Jackson, President and CEO (E-Mail: rjackson@vaaldiam.com; Phone: 416-363-6927)
Schon ziemlich lang eine Seitwärtsbewegung und wenig Umsätze. Da müssten schon sehr gute und news kommen, das sich da wieder was nach oben bewegt.
TORONTO – November 16, 2010 – Vaaldiam Mining Inc. (‘Vaaldiam’ or the ‘Company’) (TSX: VAA) reports that,
for the third quarter ended September 30, 2010, following the sale of certain non-core assets in the period, it has recorded
net income of $2,875,000 or $0.04 per share compared to a net loss of $31,347,000 or $0.65 for the same period in 2009.
Vaaldiam ended the third quarter with a strong cash position of $11.2 million and working capital of $9.8 million.
Vaaldiam also holds 10.6 million shares in Flemish Gold Corp. (‘Flemish’), which is focused on gold exploration in sub-
Saharan Africa, marketable securities valued presently at approximately $1.7 million and royalties on two major
exploration and development projects. In July, Flemish completed a private placement of approximately $6.6 million at
$0.75 per share.
Company Highlights
Braúna Bulk Sampling
The Company has completed its bulk sampling program at the Braúna kimberlite project in Bahia, Brazil, where
it has a 20% interest, with an option to increase its interest to 49%. A total of 4,909.26 dry tonnes of kimberlite
has been processed from the southern and northern lobes of the 2 hectare Braúna 3 pipe and resulted in the
recovery of 1,057.39 carats (‘cts’), with an average recovered grade of 21.5 cts per one hundred tonnes and an
average stone size of 0.21 cts per stone.
Duas Barras Mine
Pre-production at the Duas Barras mine resumed in the third quarter of 2010, focusing on pre-stripping and
plant commissioning. Diamond recovery during the third quarter pre-production was low, with 643 carats
recovered at a grade of 0.03 cts per bank cubic metre (‘bcm’). Ore grade improved consistently since September
with the opening of a second mining front that exposed substantial amounts of better quality gravels. Recovered
diamond grade increased to 0.07 cts per bcm of gravel in October with 1,060 cts being recovered, and 949 cts
grading 0.15 cts per bcm in the first 8 days of November, approaching the average resource grade of 0.16 cts
per bcm. As the wet season approaches, management continues to monitor Duas Barras closely and may
suspend activities should rainfall prevent the accumulation of a higher grade ore stockpile. As alluvial mining
operations are less predictable than conventional hard rock mining, management will no longer provide
production forecasts for Duas Barras.
Kwale Project in Kenya
On July 30, 2010, the Company closed the sale to Base Resources Limited (ASX:BSE) (‘BRL’), previously
Base Iron Limited) whereby BRL would acquire the Kwale Mineral Sands Project (‘Kwale’), all the intellectual
property associated with Vaaldiam’s mineral sands projects in Africa and an option to acquire 100% of Tiomin
Kenya Limited (‘TKL’) for US$3 million in cash on closing and a cash royalty of 1.5% of all product revenue
from Kwale.
Vaaldiam continues to pursue its strategy of using cash flow from disposing of non-core assets and alluvial diamond
properties to sustain itself and to advance its high-potential hard rock diamond and gold properties in Brazil. It is wellpositioned
to exploit the strengthening market for rough diamonds.
Results of Operations
(Expressed in thousands of Canadian dollars):
Three Months Ended Nine months Ended
September 30,
2010
September 30,
2009
September 30,
2010
September 30,
2009
Income (loss) before income tax 2,875 (31,347) (1,061) (35,339)
Income (loss) per share 0.04 (0.65) (0.02) (0.73)
Selected Financial Information
(Expressed in thousands of Canadian dollars, except share capital amounts):
September 30,
2010
September 30,
2009
Total assets 31,852 23,659
Working capital 9,787 13,572
Mineral properties 6,796 -
Share Capital:
Common shares (000s) 71,627 48,226
Warrants (000s) 9,844 10,329
Options (000s) 4,807 4,315
Cash Flow and Liquidity
As at September 30, 2010, Vaaldiam had a working capital surplus of $9.8 million, compared with $13.6 million at
September 30, 2009. For the nine months ended September 30, 2010, Vaaldiam generated cash of $9.9 million, which
included proceeds of $7.3 million from the sale of the Company’s interest in Pukaqaqa project in Peru, proceeds of $3.1
million on the sale of the Kwale project and proceeds of $10.0 million on the maturity of a short-term investment. This
was offset by cash used in operating activities of $7.0 million and $0.7 million used in the acquisition of Vaaldiam
Resources Ltd. With the current issues in the financial markets, it is important to note that the Company’s treasury
investment strategy ensured it was never exposed to asset backed commercial papers or sub-prime mortgages.
The information above should be reviewed in conjunction with the Company’s unaudited consolidated financial
statements and management discussion and analysis for the three months ended September 30, 2010 that will be
available shortly on www.sedar.com and www.vaaldiam.com.
For further information on Vaaldiam please contact:
Frances Kwong, VP Finance and CFO (E-Mail: frances.kwong@vaaldiam.com; Phone: 416-363-6927)
Robert Jackson, President and CEO (E-Mail: rjackson@vaaldiam.com; Phone: 416-363-6927)
Schon ziemlich lang eine Seitwärtsbewegung und wenig Umsätze. Da müssten schon sehr gute und news kommen, das sich da wieder was nach oben bewegt.
Antwort auf Beitrag Nr.: 40.542.704 von jensdab am 18.11.10 01:05:47Hi jensdab, würde Dir empfehlen den Thread unter http://www.wallstreet-online.de/aktien/9094287 fortzusetzen und hier einen Link zu setzen, damit Vaaldiam Mining (der neue Name) auch gefunden wird.
Ich denke, dass die Seitwärtsbewegung noch ne Zeit lang anhält, im Laufe von 2011 sollte der Kurs mit entprechenden News steigen. Einer der Direktoren ist Lee Barker, der schon die Diavik-Mine mit aufbaute:
Between 1990 and 2002, Mr. Barker was closely involved in the exploration, discovery, evaluation, and development programs of several significant diamond deposits in Canada's Northwest Territories, South Africa, Angola, and parts of South America. He initiated and supervised the early exploration program at the Diavik Project near Lac de Gras in the Northwest Territories which led to the discovery of over sixty kimberlite bodies. Diavik is now one of the World's premier diamond producers and Canada's richest diamond mine. Prior to that Barker was directly associated with the discovery and development of eight gold discoveries which achieved commercial production in Nevada, USA.
Ich halte viel von Barker, der im übrigen Chef von Sparton Resources ist mit sehr interessanten Projekten.
Momentan interessiert sich doch keiner für Diamanten, alle wollen Gold und Silber. Das wird sich auch wieder ändern.
Nach der Neustrukturierung ist Vaaldiam imo als Longplay sehr interessant, zumal sie Cash besitzen und Einnahmen durch Beteiligungen generieren.
Wenn sie Ihre Warrents- und Optionspreise ernst nehmen, könnte es sich lohnen:
Share Structure
Vaaldiam Mining Inc.
Capitalization as at September 30, 2010
Undiluted Shares Outstanding 71,626,814
Warrants Outstanding Expiry Number Exercise Price Proceeds
- Series P 7/31/2016 6,093,769 $6.50 $ 39,609,499
- Series Q 12/31/2010 3,750,000 $3.60 $ 13,500,000
9,843,769 $5.40 $ 53,109,499
Options Outstanding
Range of Exercise Prices Number Weighted Ave. Exercise Price Proceeds
$0.00 -$0.25 524,500 $0.25 $131,125
$0.25 -$0.40 1,113,058 $0.34 $378,319
$0.40 -$0.50 620,000 $0.50 $310,000
$0.50 -$0.75 1,327,583 $0.70 $932,362
$0.75 -$1.00 900,000 $0.90 $810,000
$1.00 -$5.00 321,398 $1.42 $457,748
4,806,539 $0.63 $3,019,554
Fully Diluted Shares Outstanding 86,277,122
Gruß
Ich denke, dass die Seitwärtsbewegung noch ne Zeit lang anhält, im Laufe von 2011 sollte der Kurs mit entprechenden News steigen. Einer der Direktoren ist Lee Barker, der schon die Diavik-Mine mit aufbaute:
Between 1990 and 2002, Mr. Barker was closely involved in the exploration, discovery, evaluation, and development programs of several significant diamond deposits in Canada's Northwest Territories, South Africa, Angola, and parts of South America. He initiated and supervised the early exploration program at the Diavik Project near Lac de Gras in the Northwest Territories which led to the discovery of over sixty kimberlite bodies. Diavik is now one of the World's premier diamond producers and Canada's richest diamond mine. Prior to that Barker was directly associated with the discovery and development of eight gold discoveries which achieved commercial production in Nevada, USA.
Ich halte viel von Barker, der im übrigen Chef von Sparton Resources ist mit sehr interessanten Projekten.
Momentan interessiert sich doch keiner für Diamanten, alle wollen Gold und Silber. Das wird sich auch wieder ändern.
Nach der Neustrukturierung ist Vaaldiam imo als Longplay sehr interessant, zumal sie Cash besitzen und Einnahmen durch Beteiligungen generieren.
Wenn sie Ihre Warrents- und Optionspreise ernst nehmen, könnte es sich lohnen:
Share Structure
Vaaldiam Mining Inc.
Capitalization as at September 30, 2010
Undiluted Shares Outstanding 71,626,814
Warrants Outstanding Expiry Number Exercise Price Proceeds
- Series P 7/31/2016 6,093,769 $6.50 $ 39,609,499
- Series Q 12/31/2010 3,750,000 $3.60 $ 13,500,000
9,843,769 $5.40 $ 53,109,499
Options Outstanding
Range of Exercise Prices Number Weighted Ave. Exercise Price Proceeds
$0.00 -$0.25 524,500 $0.25 $131,125
$0.25 -$0.40 1,113,058 $0.34 $378,319
$0.40 -$0.50 620,000 $0.50 $310,000
$0.50 -$0.75 1,327,583 $0.70 $932,362
$0.75 -$1.00 900,000 $0.90 $810,000
$1.00 -$5.00 321,398 $1.42 $457,748
4,806,539 $0.63 $3,019,554
Fully Diluted Shares Outstanding 86,277,122
Gruß
Antwort auf Beitrag Nr.: 40.555.889 von xxtsc am 19.11.10 17:56:55Hallo xxtsc,
danke für die Informationen besonders vom CEO Lee Barker.
Ich bekomme ab und zu email news direkt von Vaaldiam Resouces, da ich im mail Verteiler bin.
---------------------------------------------------------------------------
****************************************************************************
ACHTUNG
Weiterführung des Threads jetzt nur noch im neuen thread von Vaaldiam Resources:
http://www.wallstreet-online.de/aktien/9094287
oder unter
Vaaldiam Mining - Aktie
WKN: A1CUWK | ISIN: CA9184711039 | TB4V
danke für die Informationen besonders vom CEO Lee Barker.
Ich bekomme ab und zu email news direkt von Vaaldiam Resouces, da ich im mail Verteiler bin.
---------------------------------------------------------------------------
****************************************************************************
ACHTUNG
Weiterführung des Threads jetzt nur noch im neuen thread von Vaaldiam Resources:
http://www.wallstreet-online.de/aktien/9094287
oder unter
Vaaldiam Mining - Aktie
WKN: A1CUWK | ISIN: CA9184711039 | TB4V
Weiterführung in neu eröffnetem Vaaldiam Mining thread:
http://www.wallstreet-online.de/diskussion/1161341-1-10/vaal…
Vaaldiam Brauna Valuation at $338p/ct.
Vaaldiam Mining reported that two independent diamond valuations of 1,013.75 carats from the south lobe of its Brauna 3 kimberlite pipe place the per carat value at $338. The Brauna property is in Bahia State, Brazil.
Vaaldiam Mining reported that two independent diamond valuations of 1,013.75 carats from the south lobe of its Brauna 3 kimberlite pipe place the per carat value at $338. The Brauna property is in Bahia State, Brazil.
Antwort auf Beitrag Nr.: 40.710.950 von XIO am 14.12.10 21:44:36geht hier noch was?.. noch jemand dran?
DurchsuchenBeitrag zu dieser Diskussion schreiben
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