Fortune Minerals - Kobalt, Wismut, Gold + Kohle (Seite 11)

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FORTUNE MINERALS PARTNERS WITH POSCO CANADA TO ADVANCE THE MOUNT KLAPPAN COAL PROJECT TO PRODUCTION

Jul. 13, 2011 (Canada NewsWire Group) --

Issued Capital: 107,549,427

LONDON, ON, July 13, 2011 /CNW/ - Fortune Minerals Limited (TSX: FT) ("Fortune" or the "Company") is pleased to announce that its wholly-owned subsidiary, Fortune Coal Limited. ("Fortune Coal") has entered into a definitive agreement to form a joint venture (the "JV") with POSCO Canada Ltd. ("POSCAN") and its wholly-owned subsidiary, POSCO Klappan Coal Ltd., to advance the Mount Klappan Anthracite Metallurgical Coal Project in northwest British Columbia ("Mount Klappan" or the "Project") to production. POSCAN's parent company, POSCO is based in South Korea and is one of the world's largest steel producers. Pursuant to the agreement, POSCAN will acquire a 20% interest in Mount Klappan, and based on current capital cost estimates, is anticipated to make total payments and cash contributions of $181 million, including $30 million in upfront funding upon closing.

JV Highlights:

Formation of a JV to be owned 80% by Fortune and 20% by POSCAN to accelerate development of Mount Klappan by combining Fortune's local development and operations expertise and POSCAN's market knowledge and financial backing;
At closing POSCAN will provide $30 million in upfront funding to Fortune Coal, $20 million of which Fortune Coal will contribute directly to the JV;
POSCAN will provide funding for 20% of the total development and capital cost of the Project, which under current estimates will equal a total contribution of $154 million to the JV;
POSCAN will provide $17.2 million in additional payments to Fortune Coal based on future milestones;
POSCAN will fund 20% of operating costs and receive 20% of the product produced from the Project;-and-
Fortune will serve as Manager of the JV and will be compensated, on a recovery basis, for providing operational, technical and administrative support over the life of the mine.

Mount Klappan Highlights:

One of world's largest undeveloped deposits1 of metallurgical coal with Measured Resources of 107.9 million tonnes, Indicated Resources of 123.0 million tonnes, Inferred Resources of 359.5 million tonnes and Speculative Resources2 of 2.2 billion tonnes;
Robust economics from a Definitive Feasibility Study3 ("DFS") on the Lost Fox deposit with Run-of-Mine Coal Reserves of 106.3 million, representing only 3.6% of the total resources (See Fortune News Release, dated November 4, 2010);
$1.03 billion pre-tax NPV (8%) and 25.4% IRR from Lost Fox DFS at a base case price of US$175 / tonne of 10% ash Ultra-Low Volatile Pulverized Coal Injection ("PCI") product;
3 million tonnes per annum planned initial production rate;
Expansion potential via the mining of additional resources in the Lost Fox deposit and the adjacent Hobbit Broach, Nass and Summit deposits;
Canadian National Railway ("CN") collaboration to extend railway infrastructure to the mine site, providing a scalable transportation solution to the port of Prince Rupert;
Reduced shipping times to Asia by exporting the coal products through the port of Prince Rupert, positioning Mount Klappan as a key supplier to the overseas steel industry;
Ability to use Ridley Terminals to load efficient Capesize vessels for ocean transport, and potentially share cargos and blend with other western Canadian coal producers;
-and -
Advanced stage project with $86 million of work already competed.

... http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…

Quote for Fortune Minerals Limited (FT:CA)
$ 1,67 RT 0,21 (+14.38%) Volume: 1,49 m 13:54 EDT 13.07.2011

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Und dann war da noch gestern diese Meldung, die direkt zwar nichts mit Fortune zu tun hat:

http://www.spiegel.de/wirtschaft/unternehmen/0,1518,772401,0…

Indirekt aber schon. Kokskohle haben wir schließlich auch. Hier müssen aber erst einmal 7 Mrd. $ in die Entwicklung gesteckt werden. Und dann hat man Kokskohle mitten im Nirgendwo der Mongolei. Da liegen die Vorkommen von Fortune verkehrstechnisch doch deutlich günstiger...

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Nix Weltbewegendes, aber besser als nix:

http://www.saskatoonhomepage.ca/index.php?option=com_content…

Fortune Minerals Looking to Saskatchewan
Wednesday, 06 July 2011

Another mining company is looking to bring jobs to Saskatchewan.
The environmental impact statement has been filed, and now it's in the hands of Saskatchewan's Ministry of Environment. That's according to Robin Goad, President of Fortune Minerals.

They want to build an ore processing plant just east of Langham, to process ore from a mining site in the Northwest Territories. Goad says they are targetting the tail end of 2013 to begin operations, at the earliest.

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Es gibt mal wieder etwas über Fortune zu lesen:

http://www.lfpress.com/news/london/2011/06/20/18309541.html

Der Artikel kündigt eine große Finanzierung bzw. einen Partner an, der sich in das Anthrazit-Kohleprojekt einkauft.

Wäre ja schön, wenn sich da mal was tun würde...

Slice

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Hier der mögliche Grund für die gute Performance heute in Kanada:

Fortune Minerals Limited has added a new press release to its web site. For full details please visit the Fortune web site at:

FORTUNE MINERALS ANNOUNCES MAJOR PERMITTING MILESTONE FOR THE NICO PROJECT IN THE NORTHWEST TERRITORIES


Developers Assessment Report filed with Mackenzie Valley Review Board

LONDON, ON, May 24, 2011 /CNW/ - Fortune Minerals Limited (TSX: FT) ("Fortune Minerals" or the "Company") is pleased to announce that it has submitted its Developers Assessment Report ("DAR") for the Environmental Assessment ("EA") for its NICO gold-cobalt-bismuth-copper project in the Northwest Territories ("NT"). The DAR was filed last week with the Mackenzie Valley Review Board ("MVRB") and represents a significant milestone in the permitting process for the Company's proposed mine, mill and related facilities. The DAR culminates many years of comprehensive environmental, socio-economic and engineering work that has determined that the NICO project is economically viable and that impacts to the local biophysical environment will be minimal.

"We are very proud of the development, operation and closure plan prepared for the DAR by our in-house team of professionals together with experts retained from outside engineering and environmental consultants", said Fortune Minerals President, Robin Goad. "NICO is a unique project that will provide long-term benefits to the Tlicho people and other nearby residents, and contribute significantly to the economy of the NT".

The NICO project is located 160 km northwest of the City of Yellowknife and 50 km north of the Tlicho community of Whati. The 31 million tonne deposit will be developed using a combination of open pit and underground mining methods with ores processed at the rate of 4,650 tonnes per day in a concentrator at the site over an 18-year mine life. Other facilities that are planned at the site include a camp to accommodate employees working on a rotation basis, ancillary buildings and a 27 km all-season access road that will join the site to the proposed Tlicho Road connecting nearby communities with the highway to Yellowknife. The mill will produce approximately 180 tonnes of bulk concentrate per day for shipment south to the Company's proposed hydrometallurgical refinery near Saskatoon and further processing to high value metal products. An EA is also underway in Saskatchewan to permit the refinery. Fortune Minerals plans to be a significant, reliable North American-based supplier of 99.8% cobalt cathode, 99.5% bismuth cathode and 99.99% bismuth ingot, gold doré, and by-product production of copper cathode and nickel precipitate.

Fortune Minerals has been collecting baseline environmental data on water quality, fish and wildlife populations, hydrology, hydrogeology, geochemistry, vegetation, soils and terrain, heritage resources, air quality, noise, socio-economics and traditional knowledge in the region of the NICO project since 1998. The Company has also had a long history of engagement with the Tlicho and other First Nations as well as government agencies. Collectively this information, together with engineering data, was used to prepare Land Use Permit and Water License applications that were submitted to the MVRB in November 2008. The project was referred to EA on March 2, 2009.

The DAR represents more than two years of effort by Fortune Minerals and it's consultants in delivering a comprehensive 3000 page document that will meet the needs of all stakeholders in the EA process. Scoping sessions were held in nearby communities to receive comments and concerns brought forward by the Tlicho people, other NT residents, and government regulators. Three primary areas of focus were identified for the DAR with respect to potential impacts to water quality, caribou and closure.

Since filing its applications, Fortune Minerals has worked diligently to refine the project design in order to minimize or eliminate environmental impacts during construction, operation and closure of the mine. Wherever possible, concerns of the Tlicho people documented in community engagement sessions were incorporated into the project design. Key improvements to the project since the 2008 design presented in the applications include:

Elimination of the mine rock management area in favour of a co-disposal facility ("CDF") where mine rock and tailings will be stored together. This significantly reduces the footprint of the project and its visual impacts, and also allows for more efficient management of water to mitigate water quality impacts;

The water management system has been optimized in terms of internal recycling within the plant, thickening of the tailings, and incorporating a high level of reclaim water from the CDF back to the concentrator. This new design has resulted in water withdrawal that is only about one tenth the volume initially predicted in the Class A Water License Application, and in significantly reduced effluent discharge volumes;

The process plant at the mine site will now produce a concentrate for shipment to the proposed hydrometallurgical refinery near Saskatoon. The metal refining part of the project was relocated from the mine site to Saskatoon to reduce capital and operating costs for the project, mitigate exposure to increasing energy costs, accelerate the construction schedule, and reduce environmental impacts. This relocation will result in a considerable reduction in the quantity of process chemicals that would otherwise have been shipped to and used at the mine site and was supported by the Tlicho Government.
Fortune Minerals is confident that changes to the biophysical environment from the NICO development will not result in significant adverse residual impacts to valued components of aquatic and terrestrial ecosystems, such as water quality, fish and fish habitat, traditional use plants, caribou, and other wildlife. Consequently, the NICO project is not predicted to have significant adverse impacts on the traditional and non-traditional use of these ecological components.

The DAR has concluded that NICO will have significant positive impacts on the economics of the NT and surrounding Tlicho communities, including direct and indirect employment, contracting opportunities for local businesses, and tax revenue. NICO will provide local and regional direct employment during construction of 231 jobs, up to 233 full-time jobs during early years of operations when the underground and open pit parts of the mine are both in operation, and 127 jobs during open pit operations. In-direct jobs are expected double these amounts. During its 18-year operating mine life, the NICO project will contribute approximately $128 million per year to the Gross Domestic Product ("GDP") of the NT and will contribute $24 million per year in revenues to the federal and territorial governments. Total GDP for the entire operational phase of the project will amount to approximately $2.3 billion. Fortune Minerals also expects to enter into a Participation Agreement with the Tlicho Government.

Rick Schryer, Director of Regulatory and Environmental Affairs for Fortune, stated that "Fortune is confident it has met the requirements of the Terms of Reference ("TOR") and we look forward to working with the Tlicho people, other stakeholders, regulatory agencies and the MVRB during the DAR review process to move this project to the final phase of mine permitting." Once the MVRB has completed its conformity check and confirms the DAR meets the requirements of the TOR, Fortune will proceed through the DAR review process according to the definitive steps and timelines established in the DAR work plan issued by MVRB. According to the work plan, the remainder of the environmental assessment process includes review of the DAR by interested parties, information requests to Fortune Minerals, technical sessions, a pre-hearing conference and a public hearing. The information gathered during this process will be used by MVRB to prepare its report on the project and make a recommendation to the Minister of Indian and Northern Affairs. Fortune would then go back to the Wek'eezhii Land and Water Board to obtain the necessary Water License and Land Use permits to construct and operate the mine.

The DAR and its supporting documentation are available on the MVRB public registry web site (http://www.reviewboard.ca/registry/project.php?project_id=72…

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Es tut sich ein bisschen was bei Fortune. Insbesondere die Verpflichtung eines Investor Relations Managers, der die Company etwas mehr ins Medieninteresse bringt, war dringend notwendig.

LONDON, ON, May 12 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or "the Company") is pleased to announce the addition of three new members to its project development and administration teams in London, Ontario. William Shepard has joined the company as Logistics and Procurement Manager, Troy Nazarewicz as Investor Relations Manager, and Fiona Brekelmans as Accounting Manager. "We are very pleased to be adding exceptional people to strengthen our management and add depth to the Company", said Robin Goad, President and CEO of Fortune Minerals. "We will continue to add talent as the Company grows and advances toward our goal of becoming a successful gold, specialty metals, and metallurgical coal producer".

William Shepard, who had been working as a contractor with Fortune Minerals assisting with the dismantling of our Golden Giant mine buildings and equipment at Hemlo, Ontario, has now joined the Company full-time as our Manager of Logistics and Procurement. Bill has a Diploma in Industrial Management and specializes in global supply chain management developed over 20 years of previous experience in the automotive and aerospace industries with TRW Automotive Holdings Inc., Magna International Inc., Keiper Limited and Diamond Aircraft Industries Inc. His expertise in purchasing, logistics, materials management, and supplier development has already had an impact on the successful completion of the Hemlo project with his new role supporting planning for the development of the proposed NICO gold-cobalt-bismuth-copper mine and concentrator in the Northwest Territories and hydrometallurgical refinery in Saskatchewan.

Troy Nazarewicz, CIM, FCSI, has also joined Fortune Minerals as Manager of the Company's investor relations and corporate communications programs. Troy has more than 17 years of experience in the financial services industry as an investment advisor and portfolio manager with MacDougall, MacDougall & MacTier Inc., a full service Canadian investment firm. He also worked as Business Development Manager with a design and marketing firm. In these previous positions, Troy gained valuable experience communicating with both retail and institutional investors that will assist Fortune Minerals in proactively engaging with the investment community and improving market awareness of our Company and its projects.

Fiona Brekelmans, B.Acc. (Hon), C.A. joined Fortune Minerals in late 2010 as Accounting Manager to assist the CFO and Controller and add capacity with the Company's external and internal financial reporting and regulatory compliance. She is also helping with the transition of its financial reporting to International Financial Reporting Standards ("IFRS") for public issuers. Prior to joining Fortune Minerals, Fiona worked in public accounting with Ernst & Young LLP where she gained valuable experience with a variety of public and private companies in the mining, construction and manufacturing sectors in accounting, audit, and business processes.

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http://nnsl.com/northern-news-services/stories/papers/mar21_…

Es gibt Probleme mit der Zufahrtsstraße zum Nico-Projekt.

...
The court is expected to take several months before making a decision in the case.
...

Die Unsicherheit aus so einem schwebenden Verfahren ist immer Käse...

[saecofan]

Antwort auf Beitrag Nr.: 41.159.757 von saecofan am 07.03.11 17:41:25

hier kommt Ihr direkt auf den Artikel

http://af.reuters.com/article/metalsNews/idAFTOE72606A201103…" target="_blank" rel="nofollow ugc noopener">http://af.reuters.com/article/metalsNews/idAFTOE72606A201103…

[saecofan]

Antwort auf Beitrag Nr.: 41.152.765 von sliceanddice am 05.03.11 15:33:38

wer wird das wohl in Can sein?

http://translate.google.de/translate?hl=de&sl=en&u=http://ww…

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Fortune Minerals Limited (TSX-FT) is pleased to be an Exhibitor at the 2011 PDAC International Convention, Trade Show & Investors Exchange in Toronto, and invite convention attendees to visit us at Booth #2837 on March 6 - 9.


Vielleicht hilfts dem Kurs ja. Gute PR-Arbeit ist immer wichtig.