MOLY -runnuing in oversupply ? ! - 500 Beiträge pro Seite

[dosto]

glaich gehts los.

[dosto]

What happens:

2009/2010

Spinifex Ridge 26 Mille lbs.
Mt. Hope 35 mille lbs
Malmsberg 23 mill lbs
Budsainky 20 Mille lbs.

104 Mille lbs.

[dosto]

Switzerland-based resource group Xstrata reported it has received environmental approvals from the authorities in Chile's region II to build a molybdenum leaching plant at its Altonorte copper smelter.

ALTONORTE /chile

ein Kupfer -Moly-Digger

bisherige Moly-Leistung 12.000 tonnen/y

der Ausbau bringt 16.000 tons dazu
Gesaamt 28 000 tons.

In ca. Gesamtleistung 54 Mill lbs.

Der Zuwachs beläuft sich auf ca. 33 Mill lbs.

Volle Produktionsleistung 2 Halbjahr 2009

[dosto]

1. Februar 2008

Meldung von Chile Molymet:

Es werden Investitionen von 124 Mille Us Dollar vorgenommen,
zur Bildung einer -processing plant- in Nord Chile.
Das Material wird aus Kupferbergwerken kommen, die bisher
kein Moly verarbeitet haben.

Summe unbekannt: jedoch unter 15 Mille lbs, rechnet sich das nicht. Ich rechne mit der doppelten Menge.
Irgendwann werd ichs ja rauskriegen.

[dosto]

Vorankündigung:
Augusta Resources,

dieser Digger hat 45 % seines Silbers, das er mal fördern will
bereits an Silver Wheaton verkauft.

Angegeben sind ein Vorkommen von 180 Mille LBS Moly

außerdem jede Menge Kupfer.
Also ein klassicher Kupfer/Silber/Moly- Digger

Es dürfte wohl klar sein, daß die 2011 auf den markt kommen.

[dosto]

Los Pelambres / Chile.

Bisherige Förderung 2007: 10.200 Tons

ca. 21 Mille lbs.

die Mine befindet sich in der Erweiterungphase
angepeilt sind 10 % mehr Moly

[dosto]

Noch unklar, da man sich noch nicht im klaren ist
wie man das diggen und malmen angeht, aber allein wegen seiner Größenordnung interessant:

Quebrada Blanca

hat im ersten Anlauf schon 450 Mille lbs zu verzeichnen.
Es handelt sich um hochklassiges Material.

Die Mine gehört nun Teck, man braucht der Firma
Teck nicht erklären wie man Produktionsstätten baut.
Das können die.

Angepeilte Werte je nach Minen gestalt:
2010-2011
oder wenn generell 2012-13?

Spielt keine Rolle hier wird eine 50 Mille lbs Mine geboren.
Und dieses Projekt hat Vorrang, vor der Goldmine in Kanada
(Novagold)

Auch hier handelt es sich um einen klassichen
Kupfer/Moly-Digger.

[dosto]

PS:

es dürfte doch klar verständlich sein, daß
die Kupfer/Moly Digger aufgrund des Kupfers
in Angriff genommen werden.

Kupfer ist das Metall neben Stahl, daß am meisten
verbraucht wird.

Kupferpreise von 7.000 /t oder über 3 per lbs,
werden alle diese Projekte zum Tragen bringen.
Hier spielt Moly die 2. Geige ist aber in erheblichen
Mengen da.

Es gibt ja Teilnehmer die vertreten die Ansicht
die By-Producer werden Probleme kriegen.

Ich teile deren Auffassung nicht. Ganz im Gegenteil.

[dosto]

Im übrigen

Pro Jahr werden 40 Mille lbs mehr benötigt.
So ist der eigentliche Konsens.

Habe nichts dagegen mich auf diesen Einzustellen.

[dosto]

LOS BRONCOS COPPER-Projekt:

permanente Ausweitung bis 2011

Kupfer/Moly

Steigerung der Moly-Produktion von 2.123 (sind schon da)
auf kommende 5.400 tons (pö a pö)
ca: 6,7 Mille lbs mehr

Produktionleistung per Anno dann 11,5 MIlle lbs.

Eins der vielen Projekte von Anglo in Südamerika.
Weiter Vorstellungen werden kommen.

[dosto]

Guten Morgen

nun nehmen wir mal den, der dieses Jahr noch Moly liefert.

Mineral Park -Arizona

die Bude soll für 10 Mille lbs im Jahr gut sein.

Das ist eher ein Moly/Kupfer -Digger.

Die Erträge aus Moly erscheinen mir größer als die des Kupfers.

[dosto]

Liberty Mines

das ist die Schwester von Mt. Hope
gleicher Betreiber, mit interessanten Konstellationen
direkt zu den Stahllieferanten, die sich heute
bereits Produktionsmengen sichern.

Soll dann, 2013 kommen.

19 Mille Pounds sind angepeilt per Jahr.

auf 24 jahre ausgestattet soll die Mine werden

503 Mille lbs Moly sollen drin sein.

Nicht schlecht Herr Specht.

Die Firma GMO kommt damit auf 55 Mille lbs pro Jahr.
Also locker auf den Bedarf eines der 5 Super-Steeler.

[dosto]

Wer sind eigentlich die Abnehmer dieses Moly:


1. Arcelor / Mital - geschätzter Verbrauch 40 m-lbs-y
2. Nippon Steel ungefähr gleicher Bedarf
3. JFE Steel - auch dort ca. gleicher Bedarf
4. POSCO - Bedarf an Moly pro Jahr 35 m-lbs

Sollte einer bessere Zahlen haben, dann nix wie rein damit

Nixdestotrotz-irgendwie schlucken die da oben
ca. 160 mille-lbs pro Jahr.

Bei geschätztem Bedarf (wohlbemerkt keiner kennt den
tatsächlichen Verbrauch) von 550 lbs.

kommt die erste Gäng auf 1/3 des Weltbedarfes.

Tja wieviel gestehn wir den Chinesen zu.
Sie sind und bleiben Selbstversorger mit Molyüberhang.

[dosto]

Kurze Abhandlung zu KOREA

Dieses Land hat sich vorgenommen unabhängig vom
verarbeitendem Moly zu sein.

Im May 2007 starteten sie einen Schmelzer für 6.000
metric tons Jahreskapazität.

Die menge entschricht ungefähr 35 % des Verbrauches.
50 % der kapazität gehen an POSCO.
Teilweise kommt der Dreck aus Minen in Korea.

Die Erweiterung (Verdoppelung) der Kapazität ist im Gange.
Korea wird dann wohl noch sehr wenig verarbeitetes Moly
verwenden, sondern selbst schmelzen.
Posco hat sich ja die Rechte für 20 % einer Produktion
in Nevada eingelassen. Damit dürfte wohl das Material für
die Schmelzen gesichert sein. So ist es wenigstens geplant.
Wait and see.
Ganz klar ist allerdings schon abzusehen, daß der Import
von Moly aus Chian (MCOC) drastisch 2007 gesunken ist.
Und das hat nicht mit Mangel an Ware in China zu tun, sondern ist auf
die Umstellung zur Moly-Autarkie zurückzuführen.
So unter Motto- Stop- we go out.

[dosto]

tja,

und nun haben wir einen, der will 2010 kommen,

doch dessen Chef ist heute schon ein Hasenfuß,
er hat schlichtweg Angst, vor dem was er tun soll.
Warum wohl?


Climax--Hey Colorado, we are the Desperados.

tja erst mal will

30 Mille per Anno in Pfunden herausschieben.

Er könnte locker verdoppeln.

Er rühmt sich ein Low Cost Producer zu sein, der
das mit 3,50 (muß man sich auf der Zunge zergehen
lassen, selbst wenns nachher unter 5 sind, wer kann das denn schon. Es gibt schon ein paar die so um die 5 Können.
Aber nicht die, die sich Weltmeister nennen.

Die Meinung ist-selbst ein 50 % Rückgang des Molypreis,
könnte Climax nix anhaben.

Hoppla: Wer ist denn bei 16 Dollar fürs Moly überhaupt noch
dabei. Das wäre ja mal interessant, wer damit bereits negativ im Keller
landet. Ich glaube ne ganze Menge des gehypten Materials.

Nun gut, der Kerl hat aber echt Angst.
FCX ist bereits Moly-lieferant im großen Umfang.

Climax ist doch eher ein Wackelkanditat, obwohl
alle Welt zuerst mit dieser Mine rechnet.

Auch da, man darf zwischen Reden und Gemachten
gespannt sein..
Warten wir halt mal 18 Monate.

[dosto]

Armenien- ja gibts auch-kurz hinter der Türkei,
die arge Probleme damit hat.

Die Russen sind dort dran

Tekhut

heißt das Projekt
Termin 2011.

Sollte mir irgendeiner dazu Angaben geben können,
wäre ich ihm dankbar.

[dosto]

EL GALENA

keine Ahnung, wann das Projekt in Förderung geht:

Es handelt sich um einen Kupfer/Moly / Gold Betreiber.

Kupfer: 8,26 Millarden Pounds (europ-Terms-also in Ami Bill)

Moly: 250 Mill lbs
Gold: 3 millionen Unzen.

Kosten werden angegeben mit 560 Mille.
Glaub ich nicht mache kurzerhand 750 Mille daraus.

Trotzdem ist das Projekt rentabel zu gestalten.
Terroir: Nord Peru

[dosto]

Da gabs doch Diskussionen, oder sagen wir besser private
Ansichten, daß die chinesen kein Moly oder aufgrund der TAX weniger
verkaufen wollen, sollen.

Das Thema dürfte im 1. Quartal schon mal erledigt sein.

Hier die Tatsache:

28 April 2008
Chinese molybdenum powder exports in March doubles
China also exported 677.199 tonnes of molybdenum powder in March 2008, up from the 567.584 tonnes exported in February 2008, and also a sharp rise from the 369.331 tonnes exported in March 2007.

Total molybdenum powder exported in the January to March 2008 period was 1,860 tonnes up significantly from the 729.345 tonnes exported in January to March 2007 period.

Molybdenum powder imports in March reached 20.379 tonnes up from 16.192 tonnes imported in February 2008 and also up from 16.448 tonnes imported in March 2007. Total imported amount in the first quarter of 2008 totaled 50.978 tonnes, which was a rise from the 47.388 tonnes imported a year ago. – Steel Guru



also das geht erst mal auf 150 (in Worten einhundertundfünfzig) % mehr zu.

[dosto]

go
aber es geht nicht

[dosto]

Freeport-McMoran Copper & Gold (FCX) Earnings Report
POSTED: Wednesday, April 23, 2008
FROM BLOG: Fund my Mutual Fund - High quality analysis of growth stock investing, focusing on top 50-60 stocks in the market.

The following blog post is from an independent writer and is not connected with Reuters News. The opinions and views expressed herein are those of the author and are not endorsed by Reuters.com.

I continue to be cautious on all commodities as all these charts are very overextended and calling for a pullback. Freeport-McMoran Copper & Gold (FCX) (the name is deceiving, this is a 80% copper stock) continues to show us that (a) we are in a global war for resources something I called a "World of Shortages" last August (b) America means less and less each year to many multinationals and (c) media, politicians, and investing pundits don't understand either point a or b. Even our Fed officials do not seem to understand this. We do not live in a vacuum and our 1960s thinking is quite sad to watch. Narcissism and arrogance - I continue to believe are America's Achilles Heel. And don't worry about the multinationals - they will continue to thrive with or without us.

Freeport-McMoRan Copper & Gold Inc. said Wednesday its first-quarter profit more than doubled as prices for those two metals surged. Phoenix-based Freeport said profit rose to $1.12 billion, or $2.64 per share, for the three-month period that ended March 31, compared with $476 million, or $2.02 per share, in the year-earlier period. Sales were $5.67 billion, up from $2.25 billion.
Analysts polled by Thomson Financial expected a profit of $2.12 per share on $4.69 billion in sales.
Freeport acquired Phelps Dodge Corp. last year for $26 billion, becoming the largest publicly traded copper company. In addition to Phelps Dodge mines, Freeport operates the Grasberg mine, one of the world's largest sources of precious metals in Pampua, Indonesia.
Copper remains in high demand despite the faltering U.S. housing market because China and India continue to press for more resources. A strike by mine workers in Chile, the world's primary copper-producing nation, also is boosting copper prices.
"The U.S. is a relatively small factor in the marketplace," Adkerson said in the conference call. "The market continues to be very tight globally."
In the second quarter, Freeport expects its mines to sell 930 million pounds of copper, 225,000 ounces of gold and 18 million pounds of molybdenum. For the year, Freeport expects to sell about 4.2 billion pounds of copper, 1.4 million ounces of gold and 75 million pounds of molybdenum.
"As we crossed the one-year anniversary of our combination with Phelps Dodge in March, we are established as a financially strong global metals producer with significant current production capacity and reserves, exciting current growth projects and promising opportunities for future growth in major minerals districts around the world," the company said.

[dosto]

ups und hoppsalla,

da kommt ja einer auf die Pfanne, der nicht im Kalkül war.

Mongolia may overtake China as Japan's main Asian moly supplier

Tokyo (Platts)--29May2008
Mongolia could soon overtake China as Asia's largest molybdenum oxide
supplier to Japan, Japanese customs data showed Thursday.
Mongolia exported 216 mt of moly oxide to Japan over January-April
2008, almost matching China's exports of 220 mt.
In comparison, while China exported 520 mt to Japan over January-April
2007, Mongolia exported only 50 mt over the same period.
Japan, however, only started importing moly oxide from Mongolia in
January 2007, and Mongolia only stepped up exports to Japan in late-2007,
shipping 54 mt in November, 36 mt in December, 54 mt in January 2008, 72 mt in
February, 54 mt in March, and 36 mt in April.
Increased Mongolian presence in the Japanese market follows the launch of
commercial moly oxide production by Mongolia's mining giant Erdenet Mining in
January 2007.
A Japanese consumer, who purchased moly oxide from Erdenet, said the
company had a major competitive advantage over other Asian producers as it
had its own supply of moly concentrate -- feedstock needed to produce moly
oxide.
As many Chinese and South Korean moly oxide producers import moly
concentrate to produce moly oxide, their output depends on concentrate
availability, which has tightened this year.
Meanwhile, Japanese market sources said that if Erdenet bagged an annual
supply contract with steelmakers or trading houses in Japan, Mongolia could
easily overtake China as Japan's main Asian moly oxide supplier.

MOLY OXIDE PRODUCTION BEGAN IN JANUARY 2007
Separately, Erdenet Mining said Thursday it started producing moly oxide
in January 2007, after it built a roasting plant in Erdenet City.
The plant, which has a capacity to produce 2,400 mt/year of moly oxide,
is operated by a subsidiary of Erdenet Mining, Daracuren Unphbauar, Erdenet
Mining's director for moly oxide operations, said.
The plant is self-sufficient as it uses moly concentrate from the
company's mines, which produce roughly 3,000 mt/year of moly concentrate.
Erdenet Mining is a Russian-Mongolian joint venture, with a 51% stake
held by Mongolia's State Property Committee and 49% held by the Russian
government.
--Mayumi Watanabe, [e-mail]


und nun, da kommt der china-Ersatz,exact um Ecke.
Tja, China Produziert kein Gramm weniger, es verarbeitet lieber selber,
das material sollte dadurch knapp werden.
Und nun dieses?

Die Wahrheiten über Moly dürften man nun so langsam
aber sicher herauskriegen.

Da wird von der Kandischen Truppen-Pusherei wohl
nicht mehr viel Substanz übrig bleiben.

[dosto]

How to Hedge Molybdenum 21st Century Style

By Jack Lifton
26 Jun 2008 at 04:04 PM GMT-04:00


DETROIT (ResourceInvestor.com) -- Molybdenum metal is not an exchange traded metal. This means that there is no central market, such as the London Metals Exchange (LME), where a buyer or seller of molybdenum can go to buy a contract for the future delivery or sale of molybdenum at a fixed or known price. The rise of minor metals like molybdenum as an asset class of interest to investors has recently prompted the LME to discuss the possibility of the creation of a molybdenum contract on the LME. But why would the LME want to even begin the laborious and expensive process of establishing a norm or specification for molybdenum, and/or ferromolybdenum, and then getting existing or newly recruited exchange members to dedicate the capital and the metal to guarantee such a contract?

Anthony Lipmann, a recent past chairman, and still a board member of the Minor Metals Trade Association, is himself a second generation minor metals trader, and has recently made some very cogent comments on the general topic of LME contracts for minor metals in an article that appeared in Metal Bulletin, a British publication. The most pertinent question: “Why does the LME want to get involved with minor metals?” Here are some of the main points.




“The LME has launched the discussion ... in molybdenum (400 million lb in Mo, worth about $14.5 billion).

Most business actually takes place on long-term contracts based on the average of published prices, so errors and inaccuracies tend to be smoothed out over time. As an alternative the LME would like to offer the industry a platform, its knowledge in running markets, its transparency and the capacity to hedge.

But is this just the LME searching to develop its business in a competitive market, or would it truly bring something to the minor metals world? Certainly, hedging, if it were possible, is the LME's best selling point - though it is not that you cannot hedge a minor metal at present.

You cannot sell a minor metal to a neutral third party through a regulated market, and unwind this sale at the chosen time of your physical sale. Nor can a consumer do the reverse, that is, make a forward purchase and then unwind, either completely, because the material is no longer needed or because a contract with the physical supplier has been concluded.

But I have doubts about both the practicability of putting minor metals or ferro-alloys on an exchange, and the possible unintended consequences that may result.

In the molybdenum market, perhaps the most likely target for the LME's attention, out of global demand of 400 million lb, 75-80% is used in the steel industry, while 20-25% is used in other applications such as chemical (catalysts), super-alloys and others. In the steel sector, 50% is traded as MoO3 powder, 30% as ferro-molybdenum, and 20% as MoO3 briquettes.

Which of these diverse products would be suitable for a terminal market, and capable of gathering liquidity and momentum? Supporters of the idea of contract will answer: ‘This is what the funds are for - the liquidity they bring would enable the industry to offset risk.’ The other side of a hedge need not be anyone involved in the metal trade, just a financial institution or hedge fund with a view.

The danger lies not in the theory - but the practice. Is the LME's incursion into minor metals driven by the belief it truly has a useful service to offer? Or is it responding to the City of London's insatiable urge for another instrument with which to play?

It is not the LME that I fear, but the non-trade participation in the market that it will encourage. The threat lies with the hedge funds, derivatives traders, banks and others who would use minor metals as a vehicle which, once clothed in the legitimacy of the LME, may act as an outlet for the vast sums of vagabond money stalking the globe.

Conservative voices, like those who should have warned about the securitisation of mortgage debt, need to be heard on this issue.”

Anthony’s conclusion is that most of the benefits of such contracts would flow to the LME not the buyers and sellers.

I note that since there is no exchange traded contract for molybdenum, or any other minor metal creative financiers, some at the producers and end-users themselves, have now gone ahead with the creation of a virtual hedge for molybdenum, which is at once both more than and also the same as a futures contract.

It provides a 21st century kind of insurance, not only against price volatility and interruption of supply, but also specifies a form for delivery that is tailored to the individual hedge. This is a key difference between the new virtual hedge and the old physical hedge (guaranteed by warehoused material). This difference is also why the LME will not be able to issue this type of virtual hedge competitively; there are simply too many minor metals and they must be made available in too many forms to conform to the present model of the LME. Also, many minor metals are reactive in air and moisture when pure and must be carefully stored against degradation, a huge expense.

Before I tell you about the molybdenum hedge, I need to point out that, of course, just as the virtual hedge is finally becoming a reality, the politicians have raised their empty heads to spit fire at the underlying concept and suggest “regulation” of what the clueless call “speculation.”

A couple of days ago the Wall Street Journal published an editorial entitled “Political Speculators.” This discusses the confusion over the economic understanding of politicians between speculation (bad) and “price discovery” (what’s that?). Of course the politicians believe that if it moves, it must be regulated, because that creates political patronage and revenue opportunities and can thus ensure re-election, the holy grail of all political endeavours.

Please read the WSJ editorial for yourselves, but let me say that demand for new oil burning utilities, plastics and chemicals, and personal and public vehicles fuelled by petroleum distillates, has simply gone hyperbolic in China, India and Indonesia, and the Philippines will soon follow suit. Since China and India hardly produce any oil, I believe that their growing demand has put devastating pressure on international oil contracts.

As contracts in the Middle East, Africa and South America expire, Chinese and Indian buyers are offering more and more money, exactly as free market theory predicts, to get the next contracts in place of the current buyers (us). The new oil prices that we have now flashing across the bottom screen of our business entertainment television shows is simply, I believe, what buyers must offer in order to keep their supplies - in other words, the buyers are discovering the price of oil in a world dominated by Asian demand itself underwritten by enormous sovereign wealth backing both private and public companies.

We have entered into an era of market fundamental asymmetry; the rate of increase of supply of natural resources cannot keep up with the rate of increase of demand.

So, how does a very smart end user of molybdenum, ThyssenKrupp Metallurgie [LSE:THK], who are still capable of modernizing not only their mills but their thinking, make a long-term deal to ensure its supply of ferromolybdenum so that it can keep making high strength, low corrosion, low creep steel for oil field tubular goods, cooling systems for coal, oil, gas and nuclear fired power plants, vehicle exhaust manifolds and Panzerwagens?

Moly Mines [TSX:MOL; ASX:MOL] announced on Wednesday a 10-year offtake agreement with German company ThyssenKrupp Metallurgie for all molybdenum production from the Spinifex Ridge project. Construction is under way at Spinifex Ridge, located in Western Australia’s Pilbara region, scheduled for completion in the second half of 2009. The mine could have a life of up to 30 years.

Investors and purchasing agent’s take note: This transaction was nothing less than the creation of a 21st century hedge against non-availability of future supply and to insure the end user that it will obtain the material at less than market at the time of delivery and in exactly the form it needs for direct use.

I perhaps should have called this article “How molybdenum has been hedged,” because I want to elaborate for you the straightforward financial and product management techniques by which an end-user of molybdenum set up a hedge with a junior about-to-be-if-it-is-funded producer of molybdenum so that the end-user could guarantee his supply of molybdenum in the future as well as lock in a price that will always be below market. This transaction should be a model for all end-users and all junior molybdenum miners on how to finance the development of a mine.

The first 21st century virtual hedge contract for molybdenum, the outline of which has been publicly disclosed, is as follows:

ThyssenKrupp will take delivery of and purchase 100% of the molybdenum product from Moly Mines’ Spinifex Ridge as oxide and ferro-molybdenum, after it has been processed by Moly’s strategic partner, the Chilean metallurgical group Molymet;
Pricing will be determined according to market prices and conditions at the time of sale, currently at $33.50/lb;
Moly Mines’ Spinifex Ridge project is in Western Australia’s Pilbara region and construction is scheduled for completion in the second half of 2009;
ThyssenKrupp has also agreed to participate in the equity financing component for the Spinifex Ridge project, subject to final board approvals.
So, in summary, an off-take agreement has been concluded that allows the end-user to obtain at a time certain for a market determined price a specific form of a metal in consideration of the end-user either collateralizing loans from a third party financing institution to be converted into purchased equity in the producer or to purchase such equity directly and, in either case, finance the development of the mine.

Now, if only we could get our politicians to allow our North American junior exploration companies to seek out end users and intermediate processors and fabricators to put together such virtual hedges to provide the equity to advance them to production either with a major mining company from which they purchase services or on their own.

But of course the creation of such virtual hedges involves speculation on the part of the parties, and may require international agreements, some of which are not subject to regulation by U.S. agencies, and the removal of the mine’s production from the market subject to the needs of the end-user-investor may well run afoul of the Robinson-Patman act guaranteeing the same price be offered to all customers.

Congress, having created a regulatory maze that it does not itself understand, wants to expand the confusion rather than reduce it. Note well that here a German company has made a long-term contract with an Australian producer, involving the right to purchase equity in the producer in exchange for initial financing guarantees, and also has locked in a Chilean smelter, refiner, in the deal. This is the kind of global business arrangement that Americans must learn how to do and be allowed to do if they are to insure that they can obtain supplies of minor metals over the long term.

Environmental romanticism and economic ignorance are fast relegating the U.S. into a debtor nation without a domestically owned heavy manufacturing capability. How do you hedge against that?

[chris3011]

Antwort auf Beitrag Nr.: 34.083.236 von dosto am 13.05.08 16:41:32

CPM says global molybdenum supply deficits will grow in 2009 and 2010
In its latest molybdenum market study, CPM says tight credit market s and other developments have caused molybdenum’s forward supply curve to shift over the past year.

Author: Dorothy Kosich
Posted: Thursday , 10 Jul 2008

Commodities research firm CPM Group says financing for molybdenum mining projects "has become an uphill battle for some of the new primary and by-product producers."

Meanwhile, the delays in bring new primary moly or copper/moly mining projects on line have exacerbated the moly supply deficits forecast for 2009 and 2010, according to CPM's study, The Sustainability of Recent Molybdenum Prices, 2008.

The report asserts that supply deficits are expected to be larger over the next two years, followed by slightly larger surpluses from 2011 through 2014.

Meanwhile, CPM says the price outlook for molybdenum going forward "has become moderately more bullish than previously projected. The upward revision in the expected prices for molybdenum is partially supported by climbing capital expenditures, the sharp increase in diesel prices, higher electricity prices in China, and loftier freight charges."

"These higher production costs-combined with robust demand in the energy industry, narrow inventory levels, and expectations that molybdenum supplies will not exceed demand on a sustained basis are expected to boost the floor prices of molybdenum," according to a news release issued by CPM Wednesday.

"The deeper deficit in 2008 and 2010 should help underpin molybdenum prices at higher levels over that period. However, prices are expected to decline in 2011 as the market transitions back into a surplus," the news release said. "Demand for molybdenum, during the recovery in global economic growth, may be amplified by molybdenum's price correction. "

In the release, CPM noted that moly demand has increased at a "robust rate" over the past five years.

"Demand is not only growing in the principal end uses of molybdenum, but in newer industries that are seeking to utilize molybdenum's significant alloying properties," according to CPM.

Although Mineweb requested a copy of the full study, CPM is not distributing the report to members of the news media due to proprietary and confidentiality reasons. For further information about purchasing a copy of the report, go to www.cpmgroup.com

[dosto]

Antwort auf Beitrag Nr.: 34.550.561 von chris3011 am 21.07.08 13:28:38

yep,

nur jeder weiß daß CPM

zur Moly-Lobby zählt.

Da gibt es doch die bezahlten 2 Schreiberlinge

der andere fängt mit B an.

Also das nehmen wir nicht für wichtig.
CPM ist aneinem transparenten Markt nicht interessiert
sondern an den 1.000 Dollar-Reporten, die sie verkaufen.
Jeder Analyst muß diesen Mist lesen und damit verdienen
sie ihre Kohle.

Du kannst für mich ja mal die Freigabe des Berichtes bei denen einholen und ich setz ihn rein.

[dosto]

Weiter im Text,

was kommt da, gibts da Moly

31 July 2008
Alaska copper project pre-feasibility underway-Anglo American
A pre-feasibility study at the Pebble copper project in Alaska is underway, with assessment of all options expected during 2009, the project's joint venture partner Anglo American PLC (AAUK) said Thursday.

[dosto]

kurios,
aber was solls?
Stück für Stück irgendwo landen auch 1,2 Mille Pounds Moly


29 July 2008
Air conditioner manufacturer Kingair to switch focus to molybdenum mining
Shanghai-listed Kingair Machinery Co. Ltd., an air conditioner manufacturer located in Shanghai Municipality, plans to switch its focus to molybdenum mining through an assets swap with an Inner Mongolian molybdenum miner, Kingair announced on July 28.

According to the announcement, Kingair plans to trade its entire air conditioner manufacturing assets, worth approximately RMB 260 million ($38.08 million), as well as 130 million new A-shares at a per-share price of RMB 8.64 ($1.27) for a 100 percent stake in Inner Mongolia Ejin Banner Shengyuan Mining Co. Ltd.

Upon completion of the new share issuance, Kingair's share capital will be boosted from the current amount of 145.32 million shares to 275.32 million shares, with Luoyang Juhui Investment Co. Ltd., Shengyuan Mining's largest shareholder, holding a 22.66 percent stake in Kingair. Luoyang Juhui will supersede the current largest shareholder, Taiwanese businessman Chen Tianlin, whose shareholding will decrease from 23.27 percent to 12.28 percent.

Shengyuan Mining currently holds mining rights to the Liushashan molybdenum deposit, which contains 36,800 tons of molybdenum reserves. The company also owns two molybdenum ore selecting facilities, with a combined daily ore processing capacity of 1,900 tons, and is in the process of constructing a new 1,500-ton per day selecting facility, scheduled to commence operation in April 2009.

Shengyuan Mining plans to produce 690 tons of molybdenum, 200 kilograms of gold and 320 tons of tungsten, all in concentrate form, and to generate sales revenue of RMB 350 million ($51.26 million) in 2009.

With this move, Kingair intends to enhance the company's profitability through its new molybdenum mining operations, while dropping its air conditioner manufacturing operations, which are currently generating losses for the company.

Kingair's A-share price rose by the daily limit to reach RMB 9.81 ($1.44) per share at the close of trading on July 28.

China's booming mining industry, as a result of the country's rapid economic growth and the government's increasingly clearer and stringent policies over the country's mineral resources, has attracted a number of listed companies to switch its core business operations, including Mianyang Gaoxin Industrial Development Group Inc., which moved from computer component manufacturing to copper mining, and Hunan Gold Fruit Industry Co. Ltd., which moved from telecommunications device manufacturing to iron ore mining. – Intefax

[dosto]

21 July 2008
Kennecott to invest $270 million in molybdenum processing facility
Kennecott Utah Copper (KUC) is preparing to take advantage of the current demand for molybdenum by building its own Molybdenum Autoclave Process (MAP) facility.
During the past five years, molybdenum, typically a byproduct of copper production and used in metal alloy to enhance toughness, high- temperature strength and corrosion resistance in steel, has increased in price, going from about $3 per pound in 2004 to more than $30 per pound in today's market.

Rio Tinto, the parent company of KUC, will invest $270 million in the construction of a 250,000 square foot multi-building facility just north of the Kennecott refinery, located west of Magna in what once was known as Garfield.

"The benefit of the plant is that we improve recovery, so we'll be able to retrieve more molybdenum from our current resource," said Doug Stauffer, project manager of the new facility. "We'll be able to produce a higher purity material and we will also be able to produce a metal called rhenium, which is an additional metal that we don't current produce."

Since the early 1970s, when KUC shut down it molybdenum processing facility, it has sent its molybdenum in powder form to Mexico and Belgium for processing.

In the new MAP facility, KUC will be able to produce a higher quality of molybdenum by using a new process that was created by KUC.

"It's a newer technology. It's a different way of processing molybdenum. The conventional method is called roasting. This is not roasting, It's a hydrometallurgical process rather than a pyrometallurgical process. It's a Kennecott-patented process." Stauffer said. "What we will be able to do is to convert the molybdenum into a molybdenum trioxide, which is a salable material that people want. That will be done through this plant, through an autoclave, through leeching and then through crystallization to turn it back into a solid form. We'll produce powder and we'll be able to produce briquettes and we're going to continue to serve the technical-grade customers, or the metallurgical market that we serve now. But now we will be able to also serve the chemical-grade market, which is a higher purity material. The chemical market is mainly driven by use in catalysts in the oil refining industry. They use this catalyst to remove sulfur from fuel in the refining process."

Due to a tightening of government regulations around the world, more sulfur is being required to be removed from oil, a process that requires a molybdenum catalyst to accomplish. The chemical grade of molybdenum currently sells at about $33 per pound.

The new facility will have the capacity to produce 30 million pounds of molybdenum per year.

The new MAP facility will be built on approximately five acres along Highway 201. It will consist of an autoclave, a leeching area, a purification area, a a crystallization area and a drying, packaging and warehousing area. The facility will also include an office building, a laboratory and a maintenance facility.

The MAP design includes a number of energy conservation features and an environmentally responsible technique for producing molybdenum products. A steam recovery system will be included to capture excess steam from the autoclave for use in downstream processes. The recycle system will supply about 40 percent of the plant's thermal requirements and emit significantly less sulphur dioxide and carbon dioxide by processing molybdenum concentrate through MAP.

The molybdenum concentrate will be transported through a slurry pipeline from the Kennecott concentrator in Copperton to the new MAP facility using an existing pipeline.

"It goes with the ore from the mine to the concentrator then at the concentrator it is separated from the copper concentrate," Stauffer said. "The copper concentrate goes to the smelter for further processing and the molybdenum will go to the map facility."

The MAP facility will also make it possible for Rio Tinto to recover rhenium from its concentrate and become a secure long-term supplier. Currently, the third-party processors of KUC's molybdenum has had the processing rights to the rhenium.

In the past three months, rhenium has become a high-margin commodity with the average spot price of $4,300 per pound. KUC's MAP facility will have the capacity to produce up to 9,000 pounds of rhenium per year.

Rhenium is primarily used as an alloy in jet engine turbines, allowing designers to run the engines faster and hotter, which allows them to make the engines smaller and more fuel efficient.

"Kennecott invented the process to recover rhenium back in the 1960s and we actually had a facility at Kennecott to recover rhenium up until the 1970s and discontinued that," Stauffer said. "So we're kind of going full circle and going back and beginning that again."

Construction of the new facility is expected to begin in the fall and should be complete by June 2010, with the first products available by November 2010. – RedOrbit

[dosto]

Mehr eine Story im Silber-Adler look.
also nicht ganz so mein Ding.

Bemerkenswert lediglich der Absatz zu Newcrest


17 July 2008
Exciting molybdenum results at Wellington North
Clancy Exploration Limited (ASX: CLY) is pleased to announce (Thursday) exciting molybdenum results from drilling at the Wellington North project.

Highlights from the assay results following a reverse circulation (RC) drilling program at the Rose Hill and Dunbell prospects at Wellington North include the following results from drill hole RHRC002:

6m at 0.18% copper and 926ppm (0.093%) molybdenum from 100m; including
2m at 0.32% copper, 1315ppm (0.13%) molybdenum and 0.11g/t gold from 101m

The drilling program was designed to follow-up coincident magnetic and IP anomalies previously identified by Clancy. Full results are contained in Table 1.

The drilling at Rose Hill has identified high-grade molybdenum and anomalous copper and gold mineralisation. Hole RHRC002 intersected 6m at 0.18% copper and 926ppm molybdenum from 100m downhole within strongly altered (magnetite and K-feldspar) diorite with disseminated pyrite and chalcopyrite throughout. Included in this interval is an intersection of 2m at 0.32% copper, 1315ppm molybdenum and 0.11g/t gold from 101m.

Rose Hill is a coincident IP and magnetic anomaly within a NNE-trending structural corridor that hosts numerous other coincident magnetic and IP anomalies over a 5km strike length, none of which have been drill tested (Figures 1 and 2). The RC holes at Rose Hill are the first ever to be drilled within this structural corridor. Previous drilling by other explorers was restricted to broadly-spaced, shallow (generally <25m) aircore holes.

Clancy’s Managing Director, Mr Mark Stewart, said that the Rose Hill drilling results are very encouraging, particularly as Clancy is the first explorer to drill deeper than 25m at the prospect.

Large intervals of drill hole RHRC002 are anomalous in molybdenum including 36m @ 240ppm molybdenum from 87m and 10m @ 81ppm molybdenum from 134m. The anomalous molybdenum intervals have high magnetic susceptibility and can therefore be mapped out with magnetic surveys.

Clancy’s regional targeting identified a highly-ranked target at Rose Hill, which has historically reported copper grades of over 30% from an 1880’s era shaft that was back-filled some time ago. Further mapping identified primary sulphides in strongly magnetite-altered intrusive rocks and found that the only previous holes in the area were very shallow broadspaced aircore holes that were drilled in the 1990’s.

“The grades of molybdenum and copper along with the gold association have confirmed that we have identified porphyry-style mineralisation and alteration at Rose Hill. This is a great result from our first drilling program at the prospect and highlights the broader potential of the Wellington North Project,” said Mr Stewart.

“We are delighted with these initial RC results and we are looking forward to further testing the host structure with drilling and ground magnetic surveys in the near future,” said Mr Stewart.

A ground magnetic survey will commence in August at Rose Hill to map out the magnetic unit hosting the molybdenum mineralisation, with follow-up drilling planned after that.

Results have now been received for all 5 holes drilled in May 2008 within EL6178, which is part of the Wellington North project. Four RC holes (RHRC001 to 004) were drilled at Rose Hill to test areas of mapped alteration and elevated gold and copper in soil sampling near historical (circa 1889) copper workings and one hole was drilled at Dunbell (DBRC001) to test a geophysical anomaly.

Wellington North Project

The Wellington North Project is a joint venture with Gold Fields Ltd and covers 301km2 of the Macquarie Arc at the northern end of the Molong Volcanic Belt in central NSW. Clancy has identified a number of targets within the project area and is currently working on the Rose Hill and Dunbell targets. The Molong Volcanic Belt is highly prospective for Ordovician porphyry copper-gold systems, and it hosts the Cadia Valley Operations (Newcrest) near Orange which boasts a gold endowment of more than 35 million ounces from deposits such as Ridgeway, Cadia Hill and Cadia East.

About Molybdenum

Molybdenum is a metal commonly associated with porphyry copper deposits. Molybdenite (MoS2) is the sulphide form of the metal. Molybdenum’s properties include strength, corrosion resistance, elevated temperature strength and thermal and electrical conductivity. Molybdenum is used in stainless steel production, aerospace industries, construction steel, oil and gas pipelines and catalysts in fuel refining.

Over 90% of the world’s reserves and production of molybdenum is from China, USA, Chile and Canada. Demand for molybdenum has increased significantly in recent years due to increased demand for stainless steel (mostly from China).

Molybdenum has gained a higher profile in Australia recently with projects such as Moly Mines’ Spinifex Ridge in WA currently under development, which has a measured and indicated resource of 658Mt @ 0.045% molybdenum (450ppm molybdenum) and 0.080% copper. Molybdenum credits are becoming increasingly important for the economics of porphyry copper-gold deposits in NSW, with Newcrest recently announcing an inferred resource at their Marsden prospect near Cowal of 190Mt @ 0.16g/t gold, 0.35% copper and 49ppm molybdenum, for a contained 1.1Moz of gold, 640Kt of copper and 9,100t of molybdenum. – Press Release

[dosto]

tja,

da bin ich mal gespannt, ob sich irgendeiner für diese
Company mal interessiert.
Klassischer Übernahmekanditat, für Typen die drumrum sitzen.


16 July 2008
Los Andes Copper reports significant increase of indicated resources for the Vizcachitas copper-molybdenum project
Los Andes Copper Ltd. ("Los Andes", or the "Company") (TSX VENTURE:LA)(PINK SHEETS:LSANF) announces that it has received an interim, independent resource estimate for the Vizcachitas Project in Central Chile. The resource estimate includes the results from 62 diamond drill holes totaling 17,465 metres drilled by Los Andes over the past year. Drilling continues on the property and the final mineral resource will only be known when the drilling is complete.

The interim sulphide mineral resource estimate at a 0.3% CuEq.(1) cutoff is as follows:

Indicated Resources

515 million tonnes ("MT") grading 0.39% CuT and 0.011% Mo (0.46% CuEq.(1))

Contains 4.43 billion pounds ("lbs") copper, a 90% increase over the previous resource estimate and 125 million lbs molybdenum, a 54% increase over the previous resource estimate

Inferred Resources

572 MT grading 0.34% CuT and 0.012% Mo (0.41% CuEq.(1))

Contains 4.29 billion lbs copper, a 31% decrease over the previous resource estimate and 151 million lbs molybdenum, a 34% decrease over the previous resource estimate

Roger Moss, President and CEO said, "We are very pleased with the significant increase in indicated resources shown by this interim resource which, together with the application of a pit shell to constrain resources which exhibit reasonable economic viability, demonstrates significantly increased confidence in the Vizcachitas resource. Drilling is ongoing at Vizcachitas, and we hope to continue to increase the size of the deposit."

[dosto]

keine Ahnung was hieraus wird,
obs was wird.

15 July 2008
Metals Exploration PLC: Runruno Scoping Study – Update
Metals Exploration PLC ('Metals Ex' or 'the Company'), the natural resources exploration and development Company with assets in the Pacific Rim region, is pleased to provide an update on the progress of the Scoping Study being conducted on its Runruno gold-molybdenum deposit in the Philippines.

Highlights:

* BIOX® technology selected as the preferred processing technology following a detailed assessment of the gold and potential molybdenum recovery and the likely capital and operating costs.

* Ausenco well advanced in process design and capital and operating cost estimation.

* Diamond and RC drilling completed for this stage.

* Design and costing of infrastructure components proceeding well with no fatal flaws identified.

* Study expected to be finalised in late August – early September

Processing

BIOX® processing technology has been selected as the preferred technology to be used in the oxidisation circuit for processing ore at Runruno.

Both BIOX® and Pressure Oxidation (POX) technologies have been shown by test-work to be equally applicable to processing Runruno ores with excellent gold recovery and good dissolution of molybdenum. In order to assess the application of the technologies to Runruno and to provide a basis for selecting a preferred processing route, the Company commissioned Gold Fields Mining Services to undertake a study on the capital (Capex) and operating (Opex) costs and the benefits and disadvantages of the BIOX® technology. Similarly, a study of the POX technology was undertaken by Ausenco.

The results of these comparative studies have shown that the Capex and Opex cost regime estimated for BIOX® technology is significantly lower than that estimated for POX; with BIOX® Capex estimated at about 50% and Opex at about 66% of that estimated for POX. Analysis of the benefits and disadvantages of the two technologies has shown BIOX® to be of a lower operating risk and more suited to the application proposed.

As a direct consequence of the finalisation of the gold processing route, molybdenum recovery test-work will now be focussed on a chemical recovery process rather than a physical process such as recovery into a saleable flotation concentrate. To date, BIOX® test-work has been encouraging with up to 78% of the molybdenum contained in concentrate being dissolved during oxidation. When combined with recoveries into the flotation concentrate, the Company is targeting overall molybdenum recoveries of around 50%, implying annual production of approximately 2 mlbs Mo per annum.

The ongoing test-work program will now focus on the recovery of the molybdenum from solution and the optimisation of the dissolution of the molybdenum. Work has commenced on this program.

Process Design

Ausenco is well advanced with process design and the Capex and Opex estimates for the processing plant. The metallurgical circuit and layout is proving to be relatively straightforward, and now that BIOX® has been chosen as the preferred process route the circuit is likely to share a number of similarities with Sino Gold's Jinfeng mine in China.

It is expected that this component of the study will be completed during August.

Resource Drilling

The drilling program designed to support the Scoping Study is now complete. All of the holes have been sampled and submitted for assay with about half returned to date. The majority of the holes completed were in-fill holes designed to add certainty to the resource estimate.

Once all the assay data has been received and the geological interpretation and model confirmed the mineral resource will be re-estimated. Subject to receipt of assay data the resource update should be available by the end of August. This updated resource will then be used as a base to finalise mine planning.

Drilling using three diamond drill rigs is continuing on the boundaries of the resource.

Infrastructure

Infrastructure studies are proceeding well with no fatal flaws identified. Parsons Brinkerhoff and GHD along with a number of other Philippine based specialists have been retained by the Company to assist with these works.

Scoping Study

The Scoping Study is proceeding satisfactorily after some delays caused by the unsatisfactory performance of the drilling contractor during the early stages of the program and the widespread shortage of senior experienced technical resources endemic in the industry. Both these issues have been successfully addressed.

It is now expected that the study will be finalised late in August – or early September.

Jonathan Beardsworth, Chief Executive of Metals Ex, said:

'It is pleasing to be able to report that the Scoping Study is making such good progress across a range of disciplines – in-fill drilling, resource update, mineplanning, selection of process route, likely moly recoveries, and infrastructure studies.

Our confidence in the resource and the likelihood of being able to develop a mine at Runruno grows with every report received' – Press Release

[dosto]

Press Release Source: Avanti Mining Inc.


Avanti Mining Announces the NI 43-101 Compliant Molybdenum Resource Estimate on the Past Producing Kitsault Mine, British Columbia
Tuesday August 5, 1:54 am ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 5, 2008 -- Avanti Mining Inc. (CNQ: AVMI) ("Avanti") is pleased to announce a Canadian Institute of Mining, Metallurgy and Petroleum (CIM) compliant resource estimate for the Kitsault Molybdenum Mine, located in British Columbia. At a 0.04% Mo cut-off grade, this estimate contains an Indicated Mineral Resource of 158 million tonnes grading 0.10% Mo, containing 348 million pounds of molybdenum, and an additional Inferred Mineral Resource of 133 million tonnes grading 0.08% Mo, containing 235 million pounds of molybdenum. This resource estimate is the subject of a National Instrument 43-101 (NI 43-101) Technical Report dated August 5, 2008 and titled Technical Report Kitsault Molybdenum Property, British Columbia, Canada, which has been filed on SEDAR (www.sedar.com).







THE KITSAULT MINE

Avanti has signed a definitive purchase agreement to acquire an undivided, 100% direct interest in the Kitsault molybdenum mine and surrounding mineral tenures from Aluminerie Lauralco, Inc. ("ALI"), a wholly owned subsidiary of Alcoa, Inc. This acquisition is subject to due diligence, regulatory approval, and other customary conditions with a closing expected to occur no later than mid-October 2008. The mine, located within a few kilometers of tidewater on Alice Arm in the Skeena Mining Division of British Columbia, was a producer of molybdenum between 1967 and 1972, processing a total of 9.3 million tonnes of ore grading 0.11% Mo. From 1981 to 1982, under the ownership of Amax, Inc., 4.0 million tonnes of stockpiled and newly mined ore were milled, grading 0.08% Mo. Total production on the property during both periods was approximately 30 million pounds of molybdenum. Kitsault has developed road access to the mine site and is serviced by the BC Hydro transmission grid. The mine ceased operations in 1982 due to low molybdenum prices, but considerable historical reserves remained in place.

RESOURCE ESTIMATE

The resource estimate was created utilizing drill hole sample assay results generated during three major periods of drilling by Kennco Explorations (Western) Ltd., Climax Molybdenum Corporation of British Columbia Ltd., and Amax of Canada Ltd. The majority of drilling occurred prior to mine production in the late 1960's, from 1974 to 1978, and again in 1981 to 1982. There are a total of 139 drill holes in the Kitsault database, with a cumulative length of 27,651 metres. Individual holes range in length from 3m to 763m in length and average 199m in length. Drill hole spacing averages approximately 60m throughout most of the deposit area.

The Indicated and Inferred Resource categories were limited by an optimized pit shell using a molybdenum price of $20/lb; a metallurgical recovery of 89%; unit mining cost and combined processing and G&A costs of US$2.00 and US$9.50, respectively; and slope angles of 40 degrees in all areas. The mineral resources are reported at a cut-off grade to reflect the "reasonable prospects" for economic extraction. SRK Consulting (U.S.), Inc. ("SRK"), auditor of these Mineral resources, considers that portions of the Kitsault molybdenum deposit are amenable to open pit extraction, and has not considered underground mining methods for deeper portions of the deposit.

The mineral resources statement for the Kitsault molybdenum project is summarized in the table below:



Mineral Resource Statement for the Kitsault Molybdenum Deposit(i),
July 16, 2008

-------------------------------------------------------------------------
Grade Contained Metal
-------------------------------------------------------------------------
Quan- Molyb- Sil- Molyb- Sil-
Resource tity denum ver Lead WO3 denum ver Lead WO3
Classification (Mt) (%) (g/t) (%) (%) (Mlbs) (Moz) (Mlbs) (Mlbs)
-------------------------------------------------------------------------
Indicated(ii) 158 0.100 4.31 0.022 0.008 348 22 78 0.880
-------------------------------------------------------------------------
Inferred(ii) 133 0.080 3.70 0.018 0.007 235 16 52 0.667
-------------------------------------------------------------------------

(i) Mineral resources are not mineral reserves and do not have
demonstrated economic viability. All figures have been rounded to
reflect the relative accuracy of the estimates. The cut-off grades are
based on metal price assumptions of US$20.00/lb of molybdenum, and a
metallurgical recovery of eighty-nine percent for molybdenum. Silver,
Lead and WO3 were not used in the pit optimization.
(ii) Reported at a cut-off grade of 0.04% Molybdenum contained within a
potentially economically mineable open pit.
There are no known factors related to environmental, permitting, legal, title, taxation, socio-economic, marketing or political issues which could materially affect the mineral resource.

Craig J. Nelsen, Avanti's President and CEO, commented, "We are very pleased to have been able to utilize the data from the previous drilling campaigns conducted by Kennecott, Climax, and Amax and to convert this data into a CIM compliant resource statement in such a short amount of time. We are confident that this statement can be used as the basis for a Preliminary Economic Assessment that will be followed with a full Feasibility Study."

The mineral resources are reported in accordance with Canadian Securities Administrators' NI 43-101 and have been estimated in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves. The mineral resource estimate was prepared by Robert Sim, P.Geo., under the supervision of Bruce Davis, FAusIMM, using the historic drilling. The audit of this resource estimate was completed by Jeffrey Volk, P.Geo., Principal Resource Geologist with SRK., who is considered an independent qualified person ("QP") as this term is defined in NI 43-101. Dr. Davis is the QP for this press release and has prepared or supervised the preparation of the scientific or technical information in this press release. The effective date of this resource estimate is July 16, 2008.

Avanti Mining Inc. is a newly formed company focused on acquiring, exploring, and developing mineral resource projects. With the acquisition of the Kitsault mine, Avanti will be focused on developing this formerly producing molybdenum prospect for the benefit of all stakeholders involved.

For further information, please visit www.avantimining.com.

[Videomart]

Antwort auf Beitrag Nr.: 34.650.540 von dosto am 05.08.08 13:29:58

Ach, hier sind Explorer plötzlich relevant???
Wer geht denn von denen ans Netz??

[dosto]

Antwort auf Beitrag Nr.: 34.662.307 von Videomart am 06.08.08 17:45:01

HIER WIRD GEZEIGT:

was oder wer und wieviel er Moly haben kann.

Wer dann kommt, das wird hier nicht vernachläßigt.

Alle dürfen so oder so nicht kommen.
Es reicht aus wenn 2 Nur-Moly-Minen
und
3 große neue Kupferminen mit Moly kommen.

Wobei die Kupferminen mit Sicherheit kommen werden,
da Nachschub (Kupfer) geschaffen werden muß.
Den Rest gibts als By-Produkt auf die Schaufel,
heute technisch kein Problem mehr.

[dosto]

Antwort auf Beitrag Nr.: 34.662.307 von Videomart am 06.08.08 17:45:01

was a producer of molybdenum between 1967 and 1972, processing a total of 9.3 million tonnes of ore grading 0.11% Mo. From 1981 to 1982, under the ownership of Amax, Inc., 4.0 million tonnes of stockpiled and newly mined ore were milled, grading 0.08% Mo. Total production on the property during both periods was approximately 30 million pounds of molybdenum.

Ich kann keinen Explorer-Status feststellen!

[dosto]

18 September 2008
Codelco to grow molybdenum output by 22% until 2012
In the world of base metals, molybdenum has traditionally been considered simply a byproduct of copper. But with the boom of the steel market, this alloying metal has seen unprecedented growth in its demand and prices in recent years.

The consequence has been that the world's largest copper producers recently have been placing a strong emphasis on their molybdenum production as a byproduct, and some even to the point of declaring negative cash costs thanks to rising molybdenum prices.

Meanwhile, other companies such as US producer Freeport McMoRan Copper & Gold for the first time are starting operations that produce molybdenum exclusively.

Mr Víctor Pérez marketing director for Codelco said that Codelco's molybdenum production will grow roughly 22% from now until 2012 and will allow the company to remain the world's leading producer that declares the metal as a byproduct. In overall terms, Codelco is the second largest molybdenum producer. He added that "Codelco has projects for all of its mining divisions to increase its molybdenum production."

Molybdenum is used as an alloying agent within several categories of steel products, such as stainless steels and special steel products. It adds strength and durability, and is also an anticorrosive ingredient in steels. Therefore, it allows steel to comply with various technical specifications that permit it to be used in a number of infrastructural units such as buildings, bridges, pipelines, etc. It also is used in the petrochemicals industry. – Steel Guru

[dosto]

22 September 2008
Aura’s latest drilling suggest several billion tonnes of the Alum Shale at Häggån licence
Aura Energy (ASX: AEE, “Aura”) today announced that further drilling at its 4,000m Häggån drilling programme confirms a major new development of the uranium-molybdenum-vanadium-bearing Alum Shale in Sweden.

[dosto]

Global Hunter finds elevated rhenium grades at Rabbit South
Global Hunter Corp. (TSX.V: BOB) announced results from the first 91.8 metres of core drilled in hole RS-D-08-123 on the Rabbit South Project in British Columbia, Canada. The core averaged 0.070 percent molybdenum and 0.13 grams per tonne rhenium.

Rod Husband, President of Global Hunter, said:

"The encouraging molybdenum result of the first hole coupled with rhenium grades similar to other porphyry molybdenum deposits is very exciting and adds additional value and potential to the Rabbit South project. We look forward to the rest of the results from the program.”

Rhenium is found together with other metals and is only recovered as a by-product from molybdenite concentrates. It is a rare and valuable metal that currently trades at approximately US$12,100 per kilogram.

Rabbit South covers 1,900 hectares and contains a historical molybdenum discovery, first drilled by Dominic Lake Mining in 1967. It has subsequently received attention from Cominco between 1979 and 1981 before Global Hunter optioned the property in 2005. Global Hunter is in the midst of a 14 hole drill program designed to upgrade the historic resources to a 43-101 compliant resource estimate, due later this year. – Proactive Investors

[dosto]

Freeport McMoRan's new projects still on schedule despite credit crunch
Strong cash flow and reduced debt have protected Freeport McMoRan from market turmoil and both its major new projects are still on schedule.

Author: Steve James
Posted: Wednesday , 24 Sep 2008

NEW YORK (Reuters) -



Freeport-McMoRan Copper & Gold, buoyed by strong cash flow and sharply reduced debt, is weathering the financial market turmoil without the need to cut capital expenditure or its exploration budget, its chief executive said on Tuesday.

Freeport's major new projects -- the planned Tenke Fungurume copper/cobalt operation in Democratic Congo and the Climax molybdenum mine it is reopening in Colorado -- are on schedule, Richard Adkerson said.

Mining of some copper and gold at the vast Grasberg mine in Indonesia has been delayed, he said, but that was because of a recent pit wall failure, not for financial reasons.

"We made a significant debt reduction last year, reducing our debt by $10 billion and we are now in a position to aggressively pursue projects," Adkerson told Reuters in a telephone interview from his office in Phoenix, Arizona.

Last year, Freeport paid off nearly half the debt it incurred from its takeover of Phelps Dodge in March, 2007. As of June 30 this year, its total debt was about $7.4 billion and consolidated cash was $1.6 billion.

"We have sufficient cash flow to fund our capital expenditure," Adkerson told Reuters on Tuesday.

"We bought back shares in the third quarter and look forward to excess cash flow to return to shareholders in the form of dividends," he said.

Capital expenditures totaled $1.2 billion for the first six months of 2008 and are projected to be around $3.0 billion for the year, the company said. These include development projects in the Americas and Indonesia, Tenke Fungurume and the restart of the Climax mine, near Leadville, Colorado.

Asked how the recent credit crunch and collapse of several Wall Street banks was affecting operations, Adkerson said: "Certainly the financial turmoil we are experiencing is evidence of the market risk.

"(But) In terms of our business, our operations are proceeding in a normal fashion. We are doing the same thing, trying to produce volume and control costs.

"On our spending plans, we don't see any changes," he said.

Freeport was positive, he said, about the long-term copper markets, which have soared in recent years on demand from China and other developing countries building their infrastructure.

"We are cognizant of the challenges the financial markets face and the risk of global economic slowdown," he said. "(But) We are drilling aggressively and developing projects.

"We have 80-plus rigs working around the world and are adding reserves in North America and South America."

[dosto]

The latest statistics provided by China Nonferrous Metals Industry Association (CNIA) show that China's output of molybdenum concentrate was 115,248 tons in the first eight months of this year, with molybdenum content reaching 51,862 tons, up 24.74 percent year on year.


To be specific, molybdenum contents of molybdenum concentrate output in Henan and Shaanxi provinces are 25,100 tons and 10,808 tons in the first eight months, up 20.37 percent and 9.95 percent year on year respectively. The molybdenum content in the two provinces makes up 69.5 percent of the country's total.


Laut Vorhersagen einiger TCM-Sportler
konnte sowas nicht eintreten, dort wurde mit heftiger
Stagnation der Produktion in China gehandelt.

So wie es aussieht kann China auf 150 Millionen Pound
Moly kommen,
meine damals geführte Rechnung von 120 Mille (die belacht wurde) sind somit weit übertroffen.

Mal sehen ob das Material im Lande bleibt und dort gestapelt wird, denn soviel Moly kann China nicht verarbeiten, oder ob es auf den Markt gelangt.

[dosto]

29 September 2008
Moly executes $US150m interim facility
Moly Mines Ltd has executed full financing documentation for the provision of a $US150 million interim debt financing facility with various funds associated with the Trust Company of the West.

[dosto]

*As at Sept 30, 2008 Download Summary MUTUAL FUNDS Assets (000’s)* MTD YTD 1 yr* 3 yrs* 5 yrs* 10 yrs* Incept.*

Sprott Canadian
Equity Fund (1997) Series A

(View Performance) $1,524,593 -17.65% -41.67% -28.06% 5.31% 15.24% 28.64% 21.44%

Sprott Gold and
Precious Minerals
Fund (2001)
Series A

(View Performance) $310,980 -24.92% -54.92% -43.70% -3.97% -0.83% - 16.54%

Sprott Energy
Fund (2004)
Series A

(View Performance) $173,405 -34.18% -53.85% -26.26% -5.22% - - 14.64%

Sprott Growth
Fund (2006)
Series A

(View Performance) $150,300 -32.00% -65.10% -44.72% - - - -6.32%

Sprott Global
Equity Fund (2007)
Series A

(View Performance) $35,243 -6.45% -29.52% -25.20% - - - -21.07%

Sprott Small
Cap Equity Fund (2007)
Series A

(View Performance) $150,729 -25.87% -45.18% -25.90% - - - -18.04%



Viva Sprott


wie man sieht ein Geldvernichter im großen Stil

Beispiel:

Sprott Growth Fund

Wert 31.03.2008

348.151.724 versus 150.300.000

Wert 30.09.2008

Sprott Canadian

Wert 31.03.2008

2.136.903.082 versus 1.524.593

Sprott Gold +

Wert 31.03.2008

613.952.832 versus 310.980.000

Jesses Maria 1.1 Millarden versemmelt in 6 Monaten

Viva Las Vegas

[dosto]

Freeport-McMoRan Copper & Gold Inc. Reports Third-Quarter and Nine-Month 2008 Results


Last update: 8:00 a.m. EDT Oct. 21, 2008
PHOENIX, Oct 21, 2008 (BUSINESS WIRE) -- Freeport-McMoRan Copper & Gold Inc. (FCX:Freeport-McMoRan Copper & Gold Inc
News, chart, profile, more
Last: 32.74-3.91-10.67%
:
FCX 32.74, -3.91, -10.7%) :
HIGHLIGHTS
-- Net income applicable to common stock for third-quarter 2008 totaled $523 million, $1.31 per share, compared with $775 million, $1.87 per share, for third-quarter 2007. Net income applicable to common stock for the first nine months of 2008 totaled $2.6 billion, $6.20 per share, compared with $2.4 billion, $6.58 per share, for the first nine months of 2007.
-- Consolidated sales from mines for third-quarter 2008 totaled 1.0 billion pounds of copper, 307 thousand ounces of gold and 19 million pounds of molybdenum, compared with 949 million pounds of copper, 269 thousand ounces of gold and 16 million pounds of molybdenum for third-quarter 2007.
-- Consolidated sales from mines are expected to approximate 4.0 billion pounds of copper, 1.2 million ounces of gold and 74 million pounds of molybdenum for the year 2008, including 1.17 billion pounds of copper, 395 thousand ounces of gold and 15 million pounds of molybdenum for fourth-quarter 2008.

[dosto]

zu Freeport

-- Operating cash flows totaled $1.5 billion for third-quarter 2008 and $3.2 billion for the first nine months of 2008. The year-to-date operating cash flows are net of $1.5 billion in working capital uses. Assuming average prices of $2.15 per pound for copper, $800 per ounce for gold and $27 per pound for molybdenum for the fourth quarter of 2008, operating cash flows in 2008 would be in excess of $3.5 billion. Each $0.20 per pound change in copper prices in the fourth quarter would impact 2008 operating cash flows by approximately $250 million.

[dosto]

Molybdenum (millions of recoverable pounds)
Production 21
Sales
19
Average realized price per pound $ 32.11 $ 27.89 $ 31.78 $ 25.


auch zu Freeport

[heinrich1900]

Antwort auf Beitrag Nr.: 35.653.855 von dosto am 22.10.08 09:13:11

Hey dosto,

das ist ja alles ganz nett, was du hier so zusammengetragen hast. Aktuell liegts du aber zeimlich daneben. Seit du mit dem thread angefangen hast ist moly das Metall, welches sich am besten gehalten hat, schlechte Wahl, viel Glück noch mit deinen Prognosen.

Gruß heinrich

[dosto]

Antwort auf Beitrag Nr.: 35.654.445 von heinrich1900 am 22.10.08 09:51:18

stimmt,

Moly ist die glatte Sensation und ha so gut wie nix am
handelswert verloren:

Es kam von 33.50 auf bis data Nordamerican-Average: 27,50
runter.
Also lumpige 6 Dollar, die keinerlei Auswirkungen
haben werden.

Soweit mir bekannt ist gehen schon Händler-Annoncen von bis zu 25 Dollar herum.

So weit mir bekannt war, sah die Moly-Fraktion das Metall steigen und zwar über die 40 Dollar.

OK: ich gebe mein Danebenliegen voll zu, und entschuldige mich.

[dosto]

Das ist zwar ein schlapper Pietz,
aber es geht ja darum,
es gibt ne Menge Moly in unserer Erde, von Seltenheit
keine Spur.


MOLYBDENUM EXPLORATION: Red Bird yields long, 0.123% moly intersection
BRITISH COLUMBIA — TORCH RIVER RESOURCES of Calgary has received assays grading as high as 0.123% Mo over 144 metres from its Red Bird project 100 km north of Bella Coola. Assays from three holes were reported, and their cores all contained disseminated and fracture filling molybdenite associated with quartz stockwork and K-spar/kaolinite alteration hosted in quartz monzonite porphyry. Assays from another four holes are pending.

The Red Bird property has a 43-101-compliant indicated resource of 88.2 million tonnes grading 0.051% Mo and an inferred resource of 63.4 million tonnes grading 0.055% Mo. The estimate of contained molybdenum metal is 118.6 million lb in the indicated category and 76.9 million lb in the inferred category. The deposit also contains rhenium and copper values.

A diagram of the location of these drill holes of the 2008 program can be viewed at http://www.corebox.net/properties/red_bird/ or at Torch's web site at www.TorchRiver.ca

[dosto]

Antwort auf Beitrag Nr.: 35.654.445 von heinrich1900 am 22.10.08 09:51:18

So jetzt haben wir von oben

9 Dollar miese.

Immer noch zu wenig.

Keine Sorge es werden mehr.


Average

24.25

north america.

Richte dich mal so um 40-50 % Rabatt von 33.50 ein.

[dosto]

Antwort auf Beitrag Nr.: 35.654.445 von heinrich1900 am 22.10.08 09:51:18

oh Heinerich mir graust vor dir,

jetzt hast du so kurz dagegengehalten.

Aber nun.

12 Dollares für Molly,

scheint mir, nun bist du am Arsch.

Reine Moly-Maschien kriegen dort erhebliche Schwierigkeiten.

Nunja, die Kurse geben die richtige Antworten.

Alles im Eimer, sieht billig aus, aber wer nix mehr
verdient, ist verdammt noch mal :lange nicht billig.

[dosto]

5 December 2008
Thompson Creek may face writedowns
It continues to be a rough week for shares of Thompson Creek Metals Co., which continues to suffer as molybdenum spot prices have fallen to roughly US$8 per pound and the company faces possible write-downs.

On Friday, one of the world’s largest producers of the metal used in high-strength steel alloys announced a reduction in capital expenditures and the postponement of the expansion of its 75%-owned Endako Mine.

“We are not surprised by the postponement given the steep fall in moly prices over recent weeks,” UBS analyst Brian MacArthur told clients, suggesting the company may record non-cash charges against goodwill and other assets at year-end if the market continue to be weak.

The stock was down about 4.5% in morning trading but has lost 20% of its value since Monday.

Mr. MacArthur noted that while Thompson is maintaining guidance of 31.5 to 34 million pounds of production in 2009 and said it can adjust its production plans promptly if market conditions worsen, the company could build inventories next year to reduce moly supply in the market.

He continues to rate the shares a "buy" with a $8.50 price target. – Financial Post

Na,Na, UBS bei allen BUYS bis jetzt eine schlechte Figur
gemacht.

Dann bin ich mal gespannt, wieviel Moly TCM 2009 verjaufen
kann und wieviel bunkern.

Daß das passiert, darauf hab ich schon lange hingewiesen.

Nun hat man Kapazitäten, aber scheinbar keine Kunden für die Mengen.

[dosto]

1 December 2008
China exports 2245 tonnes of molybdenum products
It is reported that China has shipped out 2245 tonnes of molybdenum products in October down by 6.1% from 2390 tonnes molybdenum in September in which FeMo export was 229 tonnes Mo leveling with that in September and molybdenum export declined 23.8% to 1045 tonnes Mo from 1371 tonnes Mo a month ago.

Under the storm of financial crisis, international molybdenum price plunged with slim demand, diminishing China's molybdenum export in October month on month as well.

The total export of molybdenum products in the first ten months reached 21,734 tonnes molybdenum plummeting 21.6% from 27,724 tonnes molybdenum in the review period of last year. The quotas administered goods was delivered 15,584 tonnes Mo, 10,700 tonnes Mo lower than the total quota of 263,000 tonnes Mo.

In the same period, export of FeMo and molybdenum were 3462 tonnes Mo and 10,178 tonnes molybdenum, dropping 68% and 4.2% from that in the same time of 2007, which reached 10,803 tonnes Mo and 10,627 tonnes molybdenum respectively. The altogether export tonnages of FeMo and molybdenum takes up 62.8% of 21,734 tonnes Mo of the total Mo Products export. – Steel Guru


Vor 9 Monaten hätte das einen Boom ausgelöst.

Allerdings aufgrund falscher Hintergrund-Infos.
Das Geschrei jetzt kriegen wir über 50 Dollar pro
Pfund wäre nicht zu überstimmen gewesen.

Nur leider, es gibt kein Moly Defizit.
Es muß im Gegenteil ein immenser Überschuß im
Markt hängen. Erschwerend durch die langsame Tatsache,
daß der Stahlverbrauch keine 6 % zulegt und demnächst auch noch stagniert.

[dosto]

22 December 2008
Half of Canada's mining companies could go bankrupt after dismal year: analyst
Few Canadian resource industries fared well in what turned out to be a dismal year for commodities, but base metal miners were hit particularly hard as credit markets tightened, global demand slumped and prices for everything from zinc and copper to iron ore and aluminium plummeted.

And one analyst predicted some of Canada's big mining companies will go bankrupt before conditions start to improve.

"I think you'll have five bankruptcies before the second quarter (of 2009) ends, and some of them will be sizable entities," predicted Andrew Martyn, a vice-president at Toronto-based investment adviser Davis-Rea Ltd.

"The metals side is just on the edge of apocalyptic. It looks horrible."

Several Canadian companies – from Vale Inco, Xstrata Canada, Rio Tinto Alcan and others – have scaled back expansions, cut jobs and shut down unprofitable mines to conserve cash and get through one of the industry's most difficult periods in decades.

There's also talk of further consolidation in the sector, especially of cash-rich companies that are prized by bigger but financially troubled suitors. But as long as credit markets remain volatile, financing any big merger or acquisition is difficult.

The past year showed how quickly a boom-and-bust industry can see its fortunes turn around. Earlier, Australian giant BHP Billiton proposed a hostile takeover of Rio Tinto that would have created the biggest miner in the world. Meanwhile, Swiss-based Xstrata planned to acquire Lonmin, a platinum producer.

In late fall, hHowever, Xstrata cancelled its Lonmin deal and BHP abandoned its $68 billion takeover of rival Rio Tinto, blaming lower commodity prices and the worldwide economic slump. Three weeks later, Rio announced it was cutting 14,000 jobs at its global operations, including scaling back projects in Canada, where it controls Alcan and Iron Ore Co.

Prices for copper, nickel and zinc soared in recent years amid skyrocketing demand from surging economies like China and India, which use the metals for steel and capital projects. But as the global financial crisis deepened through the fall, many miners took a beating on two fronts.

First, the realization that emerging economies weren't immune to the global economic slowdown sent prices plunging.

"The concept of China slowing down and having a problem with its continuous growth has been a major factor in undercutting sentiment for commodities and has kept a lot of the commodities and the corporates uneasy," explained Peter Hickson, an analyst with UBS Investment Bank.

Second, as credit markets became virtually inaccessible through September and October, many miners couldn't get the financing they needed to keep less profitable mines open and share prices were smacked down as investors bailed into safer havens.

Teck Cominco Ltd. (TSX:TCK.B), Canada's largest base metal producer, saw its share price decline from a 52-week high of $52.90 on May 21 to as low as $3.35 on Nov. 20 before it rebounded slightly.

Prices for zinc and copper, both of which Teck Cominco mines, were also down sharply in the same period. Copper prices are down to approximately US$1.50 per pound after reaching above $4 per pound in the summer, while zinc prices are approximately 50 cents US per pound after reaching above $1.20 per pound in February. Nickel is approximately US$4 per pound after hitting $15 per pound in February.

Hickson said that with prices that low, a staggering number of metal producers are no longer profitable. He estimated that between 60 and 70 per cent of zinc producers are no longer making money, while 40 to 50 per cent of nickel producers and 30 to 40 per cent of copper producers are in the same boat.

Many base metal miners – including Lundin Mining Corp. (TSX:LUN), First Nickel Inc. (TSX:FNI) and FNX Mining Co. Inc. (TSX:FNX) – responded to the slump in prices by temporarily shutting their less profitable mines, a move that some analysts say could lead to a supply shortage and a sharp rebound in prices in 2009.

"The indications are the fourth quarter (of 2008) will see a fairly dramatic cutdown," said Hickson.

"So we get into the new year and all of a sudden people start to see a modicum of improvement in demand ... and therefore you get back into the situation where the supply-demand balance is tightened again and supports conditions."

Hickson predicted both commodity and share prices will start to rebound in early 2009 but Martyn took a bleaker view.

"I think what's going to happen is some of these companies that are marginal producers will go into continuous starvation phase and finally succumb to the reality that lower prices over a long period of time will finish them off," he said, adding that base metal prices will only rebound when mines begin to close permanently.

Given this, it appears that 2009 could be a banner year for potential mergers and acquisitions in the industry as struggling companies put out feelers for buyers.

But none of the base metal companies are in a position to buy anything right now, which could mean the smaller companies will be left to die, Martyn said.

All is not doom and gloom in the mining industry, however. The one bright spot of late has been gold, which is often treated as a safe-haven investment in times of economic uncertainty.

Gold prices weren't immune to the financial crisis and experienced at times gut-wrenching volatility in the last third of the year. But they have fared relatively well compared to their base metal peers, with prices hovering between US$700 and US$800 an ounce in December after trading as high as US$1,000 an ounce earlier this year.

Gordon Miller, CEO of First Uranium Corp. (TSX:FIU), said his company's gold mines have helped protect it from the financial crisis that has hit other mining companies so hard.

Uranium, which the company also plans to produce, was hit harder by the commodity price slump – the spot price plummeted from a high of US$137 per pound in mid-2007 to as low as $44 per pound in October. However, it has rebounded slightly in recent weeks to $55 per pound.

Uranium mining is considered a relatively recession-proof venture, as nuclear plants require uranium to operate regardless of demand for electricity. The price slump is the result of a massive selloff by hedge funds looking to make some cash as markets seized up, and most analysts predict it will bounce back in 2009.

"Both (gold and uranium) have performed relatively well in the context of base metals, so from that perspective we are in a slightly better position than our colleagues in the base metal sector," Miller said in an interview.

However, Miller said it's impossible to be too careful in the current financial climate, and First Uranium has been working to reduce its production costs as much as possible.

"The ultimate hedge against ... metal price volatility is a low cost structure," he said.

But base metal prices have slumped so much that it's virtually impossible for some companies to reduce costs enough to survive at this point. And Martyn said things will get far worse before they get better.

"Get ready for lower and get ready for longer," he said. "I think we're in real deep trouble here." – The Canadian Press

[Videomart]

Codelco the next to shelve molybdenum?
Thursday 15 January 2009-
Codelco, Chile’s state-controlled copper-molybdenum producer could be the next big name to put molybdenum projects on the back burner, as part of efforts to turn around its struggling copper business and may even use part of a $ 1 billion cash injection announced last week to fund acquisitions, analysts say.
...
www.metal-pages.com/news/story/37064/

[eyeworker]

Thompson Creek to cut 2009 molybdenum production by a third

Thompson Creek Metals Company Inc. one of the world's largest pure molybdenum producers, said on Tuesday it was cutting 2009 production, due to unfavourable market conditions and reduced demand.

In a release it said it now anticipates total molybdenum production this year of 20 to 24 million pounds, down around 33 percent from a previous forecast of 31.5 to 34 million pounds.

"In response to the downturn in worldwide economic activity, the company decided in December 2008 to reduce planned capital expenditures as part of an initiative to conserve cash and we are now taking the added step of reducing production levels," said Kevin Loughrey, Chairman and Chief Executive Officer.

"We are currently planning a temporary shutdown for about a month this summer in mining activity at both the Thompson Creek and Endako mines and there will be other production changes about which we will provide details at a later date after they are decided. The Company intends to remain flexible and adjust production as needed in response to changing market conditions."

Quelle: http://www.minormetals.com/news/editorial.aspx?GUID=60901271…

[eyeworker]

24.02.2009 - Freeport's Adkerson paints a not-so-rosy picture for copper and moly

Despite a dour near-term forecast for Freeport copper and moly production, CEO Richard Adkerson is convinced that, long-term, the company's assets will be very valuable.

Freeport-McMoRan Copper & Gold CEO Richard Adkerson gave perhaps what was one of the most frank talks among a sea of promotional presentations aimed at the BMO Global Metals & Mining Conference Monday.

"I wish I could tell you a better story," Adkerson told the mining executives, metals analysts, and institutional investors attending the conference.

As he put up a graphic illustrating the steep drop in the copper market, Adkerson remarked, "One hell of a slide isn't it?" He noted that copper prices were at only 75-cents per pound five years ago, and then copper went up significantly with prices that stayed strong.

"Now with the global economic downturn, they've (copper prices) come off a cliff."

Meanwhile, Freeport's molybdenum assets also jumped off that cliff as the bottom dropped out of significant global economies.

Nevertheless, Adkerson insisted, the underlying fundamentals of the copper business remain positive. Because of financing restraints and lack of new mega-copper reserves, the supply of new copper projects is limited. Sixty percent of existing copper mines will either be depleted or will go underground by 2021.

As molybdenum has declined, consumers and traders have destocked their supplies as mines have dramatically cut back production or simply idled. Adkerson suggested the low moly supply levels should lead to a quick response by producers when demand returns.

Adkerson said Freeport will continue to reduce its copper production by 9% this year and 17% in 2010. Moly production will be cut 25% this year and 40% in 2010.

As the majority of copper and moly producers slash their capital expenditure budgets, it "points to a very bright future for us," he asserted. "Our assets in the long run will be very valuable and very valuable for our shareholders."

Meanwhile, "Thank God we have Grasberg," Adkerson declared, with 40 million ounces of gold reserves that will enable the copper and moly company to survive these current tough times. Freeport is also busy ensuring that it will own all its own assets as they become more valuable when the economies of the U.S., Japan and Europe return to functionality and start using copper.

"The real key to the market place in the near term is what's going on in China," he advised.

Quelle: http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=…


Gruss, eye

[eyeworker]

Friday , 27 Feb 2009 - Peru - copper, zinc, silver, molybdenum output rise in Jan

Despite lower base metals prices, Peru has reported a sharp upturn in January output of copper and molybdenum in particular. The country also reports smaller increases in zinc and silver output.

Peru, a leading global metals exporter, increased production of copper, zinc and silver in January over the same month a year ago, despite softer mineral prices, the mining and energy ministry said on Thursday.

The global economic crisis has slammed prices for most of Peru's metal exports, which account for more than half of total exports and are the government's largest source of revenue.

Gold output fell in January from the same month in 2008.

Peru is the world's top producer of silver, No. 2 in copper and zinc and often ranks fifth in gold.

Below are production figures:

METAL JAN OUTPUT CHANGE FROM JAN 2008

Copper 106,796 tonnes 25.89 pct
Zinc 136,531 tonnes 5.22 pct
Gold 13,853,518 fine grams -4.04 pct
Silver 307,166 fine kg 9.04 pct
Lead 27,038 tonnes -4.34 pct
Iron 336,253 tonnes -14.12 pct
Tin 3,434 tonnes 0.91 pct
Moly 1,474 tonnes 85.41 pct

Quelle: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=79…

Gruss, eye

[saltamonte]

ASIAN MOLYBDENUM CONFERENCE

Moly oxide price to range between $3.00 and 15.00 per lb in 2009 - analyst

By Hongmei Li - Senior Correspondent, Asia, [e-mail]

Email this page to a friend - Printer friendly version
Xi'an, China, 23 March 2009 - The molybdenum oxide (MO3) price will swing between $3.00 and $15.00 a pound this year, Pablo Bascur, international molybdenum industry senior advisor from Inversiones y Comercio PB Ltda. said at a molybdenum conference in Xi’an city, northwest China’s Shaanxi province.

The low level of $3.00, however, would be under extreme circumstances when western producers were really desperate to clear their inventories regardless of price, he said.

Otherwise, the mainstream price range would be $10-12 per lb when western inventories are sold out, and it is unlikely that it will exceed $15.

Chinese market participants were divided over Bascur’s price prediction.

"Basur’s prediction is interesting and it is so wide that it probably covers every possibility, but then given that the global molybdic oxide price has shrunk to $8.2-8.5 per lb now from the highs of $34 per lb in the first half of 2008, due to slackening demand as a result of the financial crisis and economic recession since last September, and no signs of demand to pick up so far, I think the chances are slim for the price to go beyond $10 per lb at all," a molybdenum producer in northeast China’s Liaoning province said.

Jia Hongxiu, general manager of molyworld.com shared Bascur’s mainstream price prediction, anticipating MO3 hovering around $12.00 to $13.30 per lb.

Nonetheless, market participants are unanimous that the molybdenum market will remain sluggish at least until the end of 2010.

And Jia summarised a number of other analysts’ predictions, saying that price would probably stabilise at $12 per lb and then rebound gradually to $20 per lb during 2012-2013.

The market will be overburdened with high inventories this year, even with output cuts from a number of major producers, as there was 55 million lbs of inventory carried forward from last year, and oversupply would be even worse if China keeps its output at the levels of 2007 or 2008, Bascur said.

Global molybdenum oversupply will reach 142 million lbs this year if China produces as much as in 2008 -- 179 million lbs. The surplus will almost double to 108 million lbs if China produces 145 million lbs, the same as in 2007, he added.


http://www.minormetals.com/news/editorial.aspx?GUID=64090323…

[saltamonte]

tja, scheint so, dass zumindest die teilnehmenden unternehmen an der moly konferenz das politische wunschdenken von 8% wirtschaftswachstum in china für 2009 stark anzweifeln...



China's molybdenum players pessimistic over eight pct GDP growth for 2009
By Hongmei Li - Senior Correspondent, Asia, [e-mail]


Xi'an, China, 23 March 2009 - It will be very difficult for China to achieve eight percent GDP growth this year, despite Beijing’s determination to realise this target, according to the country’s molybdenum participants attending a molybdenum conference in Xi’an city, northwest China’s Shaanxi province.

Premier Wen Jiabao has been using every opportunity to build up confidence in China’s economy, both at home and abroad, and he promised to resort to every possible means to realise eight percent GDP growth.

However, molybdenum market participants at the conference have doubts.

"With China also being a member of the global economic system, and with a number of its industries being heavily export-oriented, I do not see how it can get away from the global economic recession, and achieve an eight percent growth whilst the rest of the world is prepared for negative economic growth - it just sounds too good to be true," a molybdenum producer in central China’s Henan province said.

Qu Qiang, an economic researcher with China’s People’s University agreed.

"Someone is optimistic that China’s economy will revive at the end of 2009, I doubt it," he commented, adding that the overseas financial crisis and economy had yet to hit the bottom.

The overall recovery would very much depend on physical economic sectors such as property prices to rebound, which is not expected in the near future.

And China’s steel industry, as one of the pillar industries, had not seen any fundamental recovery at all, Hu Mingyang, general secretary of China’s Special Enterprises Association, said, referring to some of the more optimistic remarks in the steel market.

"Do not believe any anticipation, but rely on your own assessment this year, and I personally do not agree that the Chinese steel industry has shown signs of recovery as commented by others. The market, on the contrary, is still in a very bad condition in March," he said.

China’s crude steel output is anticipated to be 460 million tonnes, down eight percent from 2008, and China Iron & Steel Association’s prediction is even lower at 430 million tonnes, according to Hu.

The latest steel stimulus policy also states that output will not recover to around 500 million tonnes, the level of 2008, until 2011, which indicates that the country will continue to be faced with difficulties beyond 2009, he said.

Such unrealistic optimism over China’s economy has been hurting the interests of the steel and molybdenum industries.

"Molybdenum miners and steel producers in other countries are so keen to sell their products, such as steel, molybdenum concentrate and oxide, to China at low prices, as China seems to be the sole one in the whole world that is still purchasing and upholding positive economic growth," a molybdenum producer in northeast China’s Liaoning province said.

"They can afford to lower their prices further with far lower production costs, which we can’t beat and have been losing the domestic market."

Most molybdenum market participants anticipate that China’s economy will remain pressured for the whole year or even throughout 2010

http://www.minormetals.com/news/editorial.aspx?GUID=64090323…

[dosto]

Antwort auf Beitrag Nr.: 36.872.772 von saltamonte am 28.03.09 21:03:33

Leute,

es gibt immer noch genug Moly im Weltverkehr.

Immer noch mehr als gebraucht wird.
Die Händler lecken immer noch an ihren Wunden.