iPrelude
6 years ago
This is getting more and more interesting:
http://www.globaltimes.cn/content/1154546.shtml
" China firmly opposes to any attempts by any country to use products made with China's rare-earth resources to curb China's development, an official said on Monday.
"We have been promptly studying policies and measures to give full play to the special value of rare earths, which is our strategic resource," Meng Wei, spokesperson of the National Development and Reform Commission (NDRC), China's top economic planner, said on Monday.
"China has been actively upholding the multilateral system of free trade. However, mutually beneficial relationships need to be maintained by all parties involved. We are firmly opposed to certain countries disregarding world trade rules and undermining global industrial trade links," Meng said. ... "
iPrelude
6 years ago
https://hotcopper.com.au/threads/ann-further-significant-gold-intercepts-in-tgo-gold-corridor.4805518/
? Significant gold mineralisation has been confirmed by RC and diamond core
drilling between the Roswell and San Antonio prospects, showing a continuous
strike length of 1,600 metres of gold mineralisation located within 4 kilometres
south of the Tomingley Gold Operations (TGO) processing facility.
? Together with the El Paso prospect there is a cumulative strike length of 2,500
metres of gold mineralisation within 8 kilometres of TGO.
? Significant intercepts between the Roswell and San Antonio prospects include:
RWD003 78 metres grading 3.51g/t Au from 214 metres;
incl 14 metres grading 4.39g/t Au from 238 metres;
also 32 metres grading 5.14g/t Au from 260 metres;
also incl 10 metres grading 9.28g/t Au from 264 metres.
RWRC051 24 metres grading 3.84g/t Au from 174 metres (to end of hole);
incl 9 metres grading 8.09g/t Au from 177 metres.
RWRC056 15 metres grading 1.96g/t Au from 198 metres;
incl 3 metres grading 4.20g/t Au from 204 metres;
also 3 metres grading 3.82g/t Au from 210 metres.
? Drilling results at McLeans South confirm that its mineralisation connects to the
northern extension of the Roswell mineralisation, giving Roswell a total strike
length of over 600 metres. This includes an intercept of:
MCP075 39 metres grading 1.24g/t Au from 240 metres;
incl 9 metres grading 3.70g/t Au from 264 metres.
? This extensive regional exploration program focused on the immediate mine area
to the south of Tomingley as part of the plan to provide additional ore feed,
either at surface or underground, in the future to Tomingley Gold Operations
(TGO).
? A 60,000 metre resource definition drilling program on the San Antonio and
Roswell prospects begins mid-June. ..."
Again, good news for Alkane
iPrelude
6 years ago
https://www.australianmining.com.au/features/competing-with-the-chinese-rare-earths-juggernaut/
" ... “just as France will sell you wine and not its grapes, so too is China moving to selling just end products that contain rare earths, not the raw material. ...”
If Chinese do this "French wine stuff" .... it would be smart, I keep the value-added chain for myself, right ?? ;)
As always, time will tell
iPrelude
6 years ago
https://www.zerohedge.com/news/2019-06-10/chinese-rare-earth-exports-tumble-trade-war-accelerates
" ... Exports of rare earth elements fell 16% in May from a month earlier to 3,640 metric tons, according to the General Administration of Customs data. ... "
This is good news; well,..., more precisely, this is good news for Alkane ;)
iPrelude
6 years ago
https://www.news.com.au/finance/economy/rare-earth-embargo-china-prepares-trade-war-nuclear-option/news-story/399cf500a0cccc805e418bdc6ad76537
" ... Rare earths are a group of 17 chemical elements which have properties key for the production of everything from satellites to jet engines.
China last year produced 78 per cent of the world’s rare earths, according to researchers at Bank of America Merrill Lynch. The US relies upon it for up to 80 per cent of its imports.
The threat to use China’s rich supply as leverage in the conflict has contributed to sharp losses in US stocks and sliding long-term bond yields.
But the impact of such an export freeze would have military as well as economic implications.
“Rare earths are essential to the production, sustainment, and operation of US military equipment,” a 2016 US Government Accountability Office report detailed. “Reliable access to the necessary material, regardless of the overall level of defence demand, is a bedrock requirement for DOD. ... "
iPrelude
6 years ago
https://www.zerohedge.com/news/2019-05-29/beijing-threatens-damaging-rare-earth-export-ban-trade-fight-intensifies
" ... The newspaper’s commentary included a rare Chinese phrase that means "don’t say I didn’t warn you." The specific wording was used by the paper in 1962 before China went to war with India, and “those familiar with Chinese diplomatic language know the weight of this phrase,” the Global Times, a newspaper affiliated with the Communist Party, said in an article last April. It was also used before conflict broke out between China and Vietnam in 1979.
On rare earths specifically, the People’s Daily said it isn’t hard to answer the question whether China will use the elements as retaliation in the trade war. ..."
iPrelude
6 years ago
Quarterly Activities Report to 31 March 2019
Tomingley Gold Operations
? Development of the underground operation continues on budget and on schedule.
? Quarter Results
? Gold production was above forecast at 10,669 ounces.
? Site operating cash costs were A$800/ounce with AISC of A$956/ounce.
? Gold sales were 10,791 ounces for revenue of A$19.9M at an average price of
A$1,841/ounce.
? Guidance for FY19 has increased with production of 42,000 to 47,000 ounces of gold at an AISC
of A$950 to A$1,100 per ounce.
Corporate
? Cash, bullion and listed investments position totalled A$78.8M
o A$72.4M in cash, bullion on hand at fair value of A$1.8M, and $4.6M of listed investments
at market value.
? Continues to hold ~10.2% of ASX listed gold developer Calidus Resources Ltd (Calidus).
? Continuing to seek further investment opportunities.
Exploration
? 45 RC drill holes for a total of 9,843 metres testing the gold resource potential of the Roswell and
San Antonio targets were completed. Significant broad high grade gold intersections were
recorded at both prospects over a strike length of 1.5 kilometres and highlight the potential for
this discovery to extend the mine life at TGO, subject to successful approvals.
? A substantial resource drill out program is planned to commence as soon as practical.
Dubbo Project
? Offtake discussions continue to be held with third parties, with commitment dependent on
customers, particularly their view of supply risk from within China.
....
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Qa9zBeZoftyke92GA%3D%3D
iPrelude
6 years ago
"... EARNING MORE FOR LESS
As volumes shipped out of China have dwindled, the value of trade has soared. December’s tonnage was down by almost two-thirds from December 2009, but the value rose four-fold to $309.2 million on a free-on-board basis.
That has helped meet other goals of China’s policy of controlling exports of rare earths and other minor metals — to raise their price internationally and lure more secondary industry to set up shop in China.
The value of 2010 exports soared to $939.7 million, three times the $310.1 million China earned from the trade in 2009.
December’s exports were valued at an average of $65,257 per metric ton, the culmination of five months of rapid price increases. In July, the value per metric ton was $14,405 but that figure rose by an average of more than $10,000 in successive months. ..."
{ please see that and the rest of the article here: https://www.reuters.com/article/us-china-rareearths/china-2010-rare-earth-exports-slip-value-rockets-idUSTRE70I11T20110119 }
Hockmir
14 years ago
Alkane article in The Australian
By:Robin Bromby
From: The Australian
April 25, 2011 12:00AM
IAN Chalmers set out in the 1990s to pursue any metal that could make money, but within a single geographic area.
That turned out to be the part of NSW around the city of Dubbo, and now Alkane Resources (ALK) is a multi-commodity play that can be run from one project office.
The project that has lit a fire under its share price of late is the Dubbo zirconium-rare earth-niobium deposit, mainly for its rare earths but the others are not to be sniffed at.
It has been a long haul for Chalmers. A quick check shows this writer was reporting on the zirconium-rare earth play back in the late 1990s, and only now is it getting close to the final lap. And the smell of cashflow is in the air with one of Alkane's gold projects gearing up.
Alkane has been getting attention not only for being one of only three rare-earth plays on which production is planned in the next three years -- the others being Lynas Corp (LYC) and Arafura Resources (ARU) -- but its deposit contains a healthy level of the more valuable heavy rare earths, including dysprosium and terbium. In mid-March, those elements were fetching $US517 a kilogram and $US810/kg respectively, compared with light rare earths lanthanum and cerium at $US96/kg.
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Less attention has been paid to the other Alkane projects. There are the wholly owned Tomingley gold project and the joint-venture with Newmont Mining at McPhillamys with an inferred resource of 2.96 million ounces of gold and 60,000 tonnes of copper.
During the week, Alkane also announced the discovery northeast of Wellington, NSW, of a copper-gold target. To illustrate the degree to which the Dubbo zirconium, rare earth and niobium project dominates investor attention, last month RBS Equities analysts carved up their ALK valuation of $2.74 a share, attributing $2.31 of that to Dubbo and just 2c to Tomingley.
RBS saw Tomingley as marginal and needing a sustained gold price above $US1500 an ounce to justify development, along with a substantial hedging position as protection.
Now gold is above $US1500/oz and during the week Alkane said it had mandated Credit Suisse to arrange a project loan for Tomingley of $45 million and hedge 163,000oz of future production.
The only real problem is the intention of the new NSW government to abolish the planning provision (Part 3A) that gives the minister rights to override council decisions for major projects. Both Dubbo and Tomingley have been approved under Part 3A, but local councils support both projects anyhow. It just could mean a few months of extra delay
http://www.theaustralian.com.au/business/mining-energy/long-haul-for-alkane-to-pay-off/story-e6frg9ex-1226044204005
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
levelnever
5 years ago
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