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News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 14, 2017) - Amarillo Gold Corp. (TSX VENTURE:AGC) ("Amarillo") is pleased to announce the appointment of Colin Sutherland to the board of Amarillo as an independent director. Buddy Doyle, CEO and President commented, "I speak for all the board in welcoming Mr. Sutherland as a director of our company, he brings with him operational experience from his senior positions held in junior to intermediate gold producers. This is especially important to Amarillo as we progress towards building and operating the Mara Rosa Project." Colin is a Chartered Professional Accountant with over 20 years of financial and operational experience. Most recently he served as President of McEwen Mining Inc. During his tenure, the share price more than tripled, the Company grew its treasury, met operational guidance and improved its financial guidance. Immediately prior to McEwen, he was Managing Director and CEO of Archipelago Resources Plc, which operated a large producing gold mine in North Sulawesi, Indonesia. In 2013, Mr. Sutherland led the successful privatization of Archipelago, and continued to deliver significant returns to its shareholders. During his tenure gold production grew to 200,000 ounces per annum, and costs were significantly reduced. Mr. Sutherland has also held senior financial and executive roles with Timmins Gold, Capital Gold, Nayarit Gold and Aurico Gold. "Amarillo's Mara Rosa project has robust economics, and the team has successfully captured overwhelming community endorsement. With key permits in place and enthusiastic support from both state and federal mining authorities, I look forward to being involved as Mara Rosa evolves to a producer in the near future," commented Colin. Colin will receive 200,000 5 year options as part of the same incentive package in place for Amarillo's other independent directors. Amarillo Gold Corp. is focused on acquisition, discovery, and definition of gold resources in Brazil. It is the Company's policy to strive to do this in a sustainable, safe way using best practices whilst benefiting our shareholders and the communities we work in. The Company's principal projects are the Mara Rosa Project in the state of Goias, and the Lavras do Sul Project in the state of Rio Grande do Sul. The Posse Deposit at Mara Rosa contains 8.887MT @ 1.98 g/t Au Measured, 13.149MT @1.53 g/t Au Indicated and 7.119MT @ 1.26 g/t Au Inferred. (A NI 43-101 resource as independently determined by Australian Exploration Field Services Pty. Keith Whitehouse QP July 2016). The Mara Rosa Gold Project has received a positive economic assessment from a Pre-Feasibility study and Amarillo has obtained the LP, the first stage of a three-stage permitting process. The Posse Deposit was successfully mined by Western Mining Corporation (WMC) during the 1990s (mined areas are excluded from the above-stated resource figures), and is located in an area of excellent infrastructure: approximately 35 km NE of Yamana's Chapada open pit Cu-Au operation, some 80 km NE of Yamana's Pilar Au project (in feasibility), 95 km NW of Votorantim's Niquelandia Ni laterite mine, 105 km from NE of Serra Grande's underground Au mine, and 105 km NNW of Anglo American's Ni laterite project at Barro Alto. The Lavras do Sul Project is an advanced exploration stage property (190 sq. km.) comprising of more than 19 prospects centered on historic gold workings, with encouraging gold mineralization discovered and defined by more than 16,000 meters of drilling. The initial resource estimate at the Butia prospect reported 215,000 ounces of gold Indicated from 6.4 MT at 1.05 g/t Au, and 308,000 ounces of gold Inferred from 12.9 MT at 0.74 g/t Au using a 0.3 g/t cut-off grade in a NI 43-101 resource as independently determined by Atticus Consulting in 2010, Anthony Amberg, QP. Lavras do Sul is also located near excellent infrastructure. The Company also has a portfolio of earlier stage projects and all properties under Amarillo's management are located in areas of good infrastructure and mining-friendly communities. ON BEHALF OF THE BOARD OF DIRECTORS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include the numbers estimated for 2017 and the time line for completion. Various factors may prevent or delay our plans, including but not limited to, the ability to raise funds, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program. Permission from the Government and community is also required to proceed with future mining production. We may not be able to fulfill our obligations under the proposed gold loan and we may be unable to raise sufficient financing to carry out our plans. Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.


News Article | March 3, 2017
Site: www.prnewswire.co.uk

Roskill will be attending the Argus Metals Week in London from 6th - 9th March 2017 Cobalt: will 2017 be a year of change? After several years of an oversupplied market and weak cobalt prices, many market commentators are expecting 2017 to be a big year for cobalt. The hype is understandable. Prices have risen sharply this year, with Metal Bulletin's High Grade Free Market price increasing from US$15/lb at the start of the year to over US$24/lb in March. But why? On the demand side, the answer is clear. Strong demand for cobalt in lithium-ion batteries is set to continue. In addition, cobalt demand is forecast to grow strongly in other key end-use applications such as high performance alloys, tool materials, and catalysts. On the supply side, many point to the high concentration of cobalt by-production in the DRC as a cause for concern. But while the political situation and infrastructure challenges in the DRC have the potential to impact the market, DRC concentrate supply is growing rapidly as output expands. This should see enough feedstock for cobalt intermediates, refined metal, and refined chemical production reach the market. While many point to the surging demand for cobalt on one hand and supply risk issues on the other, Roskill expects refined chemical production to able to meet demand over the coming years, and the battery industry should therefore be well supplied. There are, however, some supply-side constraints which may be impacting the price. Importantly, a number of suspensions, most notably Katanga Mining in the DRC, have contributed to a tight metal market. This, coupled with strategic stockpiling, may be artificially inflating the cobalt price. The Financial Times reported last week that half a dozen funds have purchased and stored an estimated 6,000 tonnes of cobalt, worth as much as US$280M. As detailed in Roskill's upcoming Cobalt Report, there has already been material taken out of the market in recent years. China State Reserve Bureau (SRB) has moved to purchase considerable quantities of cobalt since 2014. Set against the narrative of strong demand, supply constraints and speculative stockpiling, the cobalt price could rise much further in 2017. Certainly the cobalt market is prone to volatile prices. Significant price rises were seen over the 2003 to 2008 period, driven by undersupply, perceived fears over future supply shortages, and high levels of global economic growth underpinned by strong Chinese demand. In 2003 the price of high grade cobalt averaged just under US$11/lb but grew to reach an average of over US$38/lb by 2008. At the peak in March 2008, high-grade cobalt metal was sold at over US$52/lb. As such, the recent price rises do not necessarily reflect the 'new normal' and the possibility of a correction is considerable. Nonetheless, with strong overall demand set against a tight metal market, compounded by recent (albeit some temporary) shutdowns, Roskill anticipates higher average prices over the coming years than those seen in recent years. News emerged in January of a fire at AMG Brazil's MIBRA operation, near São João del Rei, Minas Gerais. MIBRA is a producer of tantalum concentrates, feldspar and tin, and is due to start supplying lithium concentrates in mid-2018. An associated chemical plant produces tantalum and niobium oxides. The fire affected one of the company's two gravimetric concentrators and at one point there were fears that the entire structure might collapse. Although it remained standing, damage was extensive and it will likely be mid-year before full capacity is restored; the plant is presently running at about 50% of normal capacity. Mining and other operations were not affected. While this was an isolated incident, it serves to highlight the sometimes precarious nature of the tantalum industry. MIBRA is one of the world's largest producers. Its annual output of up to 0.3Mlb Ta O represents nearly 10% of global mine supply, Roskill estimates (nearer 20%, if artisanal mining is excluded). Moreover, all of its concentrate production is currently supplied to the processor GAM. History has shown that the tantalum market can overreact to fairly minor, or imaginary, events; it does not take much to cause prices to spike. It has not happened this time, though, and there is no real reason why it should have. MIBRA can very probably maintain its supply of tantalum units from alternative processing routes, such as its chemical plant, and inventory, including tailings. There is almost certainly a buffer of inventory further down the supply chain. Elsewhere, President Trump's pledge to "do a big number" on the Dodd-Frank Act had the global business community waiting and wondering exactly what he was going to announce. Dodd-Frank is, of course, an enormous piece of legislation. Most of it is directed at the world of finance (Wall Street). The tiny section covering conflict minerals is of most relevance to industries that use tin, tungsten, tantalum and gold, and Section 1502 of the Act has been a hot topic for some years, particularly in connection with tantalum. Ditching the Act altogether, or substantially revising it, would require that changes are passed by Congress and approved by the Senate. That is never going to be a swift process. Even if 1502 is consigned to the garbage bin of history, will things really change? Probably not, Roskill argues. Recognition of conflict minerals' issues did not happen because of Section 1502. The companies involved were already fully cognisant and active in making sure that their supply chains were 'clean'. That came about because of growing public awareness and intense media coverage over a period of years. The pressure was bottom-up long before it became top-down and that will not change. Section 1502 or no Section 1502, the companies touched by Dodd-Frank are still on the hook even if the Act disappears. They are global players and will come under rather similar EU rules, due to come into force in about 2021. They are not going to radically modify how they operate, with or without Dodd-Frank. Niobium: Steeling itself for further changes? Within the space of a few short years, the face of the global niobium industry, particularly ferroniobium, has changed almost out of recognition. During 2011, CBMM sold 30% of itself for US$3.9Bn to two consortia of Asian investors, one Japanese/Korean, the other Chinese. Both groups include steelmakers (i.e. CBMM's own clients). In 2015, IAMGOLD sold Niobec to the Toronto-based private-equity firm Magris Resources, which is backed to a large extent by investors in Singapore and Hong Kong. That deal was worth US$0.5Bn. Not to be left out, Anglo American offloaded its Brazilian niobium and phosphate business in 2016 to China Molybdenum (CMOC) for US$1.7Bn, an earnings multiple that surprised most in the industry. Following these transactions, Roskill estimates Asian investors have gained control of at least a third of global ferroniobium production capacity. Demand for ferroniobium went through a growth spurt during the 2000s, more than doubling in the first half of the decade and continuing to grow until the global financial downturn kicked in. There are two main reasons for the growth. One is that consumers became more aware of the benefits of using ferroniobium in steel. When added to steel in fractions of a percent of the weight of steel, ferroniobium results in much higher strengths. Less steel overall is needed, which offers major cost savings in large steel structures, while weight reduction in vehicles cuts fuel consumption and thus emissions. The other driver was the explosive growth in global steel production, particularly in China. The outlook for global steel production now seems starkly different to what it was just a few years ago, especially in China. Overall growth in steel production is not going to be the main future driver of demand for ferroniobium, Roskill contends. Given the fact that growth prospects for steel are not stellar, and current ferroniobium production capacity is far bigger than demand, why has there been so much investment in the industry? One reason is that there is good potential for the incidence and intensity of ferroniobium use to increase. Ferroniobium is not being used in all the steel applications it could be, and some countries/regions lag far behind others in terms of usage. Ferroniobium usage is currently lowest in countries where it has the greatest potential to grow, either through higher steel production or just because of a move to making higher-quality steel. Another reason, and one that applies mainly to CMOC, is the desire on the part of China to gain greater influence over its raw materials supply chain (and CMOC is part-controlled by the Chinese government). Although the ferroniobium market is already comfortably met by existing (huge) surplus production capacity, and will remain so, new producers are trying to enter the market. There are several projects in the pipeline and at least two of them are at, or near, the financing stage. They would not be large in tonnage terms by CBMM standards but is there even a place for them? It all boils down to the market's desire for diversity of supply of what is, essentially, a commodity product and made using similar and well-understood processes by existing producers; processes that would also be used by any new producer. For any project these days, agreeing offtake agreements is key to securing project finance, particularly debt finance (which makes getting equity finance rather easier, too). The niobium industry in its current form is really only a few decades old. It has seen big changes over the last decade or so and there may well be more to come. The global tungsten market was in a state of oversupply in 2014 to mid-2016, which led to the build-up of stocks in both tungsten concentrates and the main tungsten intermediate ammonium paratungstate (APT). Tungsten concentrate output reduced slightly in 2016, and this year primary tungsten supply is expected to decline again as the effects of prior mine closures in China and the rest of the world make their impact. These efforts appear to have already had a positive effect on prices, with levels being steady since the start of 2017; weekly prices for Chinese concentrates and European APT registered increases of a couple of percent throughout January and February. While these increases have been modest, they indicate that - in the short-term at least - the bottom of the tungsten market may have passed. Recent supply-side news from miners and project developers also indicates some optimism returning to the sector. In January, Canadian-headquartered Almonty Industries received the final surface permit for its South Korean Sangdong mine, which will enable it to start construction of the processing plant and other project elements. The company expected to sign the engineering, procurement and construction contract in Q1 2017, with a view to commissioning Sangdong in Q1 2018. In addition, Almonty purchased the remaining 49% of its Valtreixal project in Spain from Siemcalsa for €1.5M (US$1.6M). In February, Premier African Minerals - which is developing the RHA tungsten project in Zimbabwe - appointed a mining contractor for the project and received the X-Ray Transmission (XRT) sorter for the plant. Premier confirmed that shaft upgrades at RHA had been completed and the contractor, African Mining and Exploration (Afmine), would begin underground mining from March 2017. Afmine will deliver 16,000tpm of ore from the underground operations and has also signed an agreement to deliver up to 24,000tpm of ore from open pit mining at the project, also commencing in March. Meanwhile, annual results for Vietnam-based tungsten miner Masan Resources similarly signalled an improvement: production efficiencies led to a 62% increase in tungsten output between the first and second halves of 2016 at the Nui Phao polymetallic mine. Tungsten concentrate output rose 24% y-on-y to 6,357t (contained WO ), compared to 5,123t in 2015. The company posted net revenues of VND 4,049Bn (US$178.6M) in 2016, representing a 52% y-on-y increase. Masan said that its products remained fully sold and noted that over 90% of planned production in 2016 was delivered into long-term offtake agreements. Tungsten output from the mine is sent to Masan's 51% owned subsidiary, Nui Phao - H.C Starck Tungsten Chemicals Manufacturing, which began operations in 2015. There was also rumour of potential M&A activity in the tungsten sector, with state-owned Indian company NMDC apparently considering a potential stake in Nui Phao. Such a tie-up would give India its first captive access to tungsten concentrate for several decades since the closure of the Degana and Chendapathar mines. Domestic tungsten requirements are currently either sourced from imports (primarily tungsten metal, scrap and oxides), or else from recycling of secondary tungsten. Scrap processors in the country include Global Tungsten & Powders (owned by Plansee), Widia (Kennametal) and Sandvik. In the immediate-term, Roskill expects tungsten prices to remain steady - perhaps with scope for modest increases towards the end of 2017 and into 2018 as stocks are drawn down. The downward trend in molybdenum prices since July 2014 reached a floor of around US$5.43/lb Mo for ferromolybdenum and US$4.64/lb Mo for technical molybdenum oxide (TMO) in November 2015.  These prices were the lowest reported for the ferromolybdenum and TMO since the early 2000s and were largely brought about by lower demand from steel mills in China and the EU, falling oil prices reducing consumption of molybdenum products in petroleum catalysts and oil country tubular goods, and oversupply in the market. Lower prices resulted in a number of molybdenum mines, particularly primary molybdenum producers in the USA, China and Canada, to suspend or reduce production in 2015 and 2016, which has significantly reduced market oversupply. Tighter supply, recovering oil and gas production in North America, and greater construction and manufacturing in major global markets supported a recovery in molybdenum prices throughout the first half 2016. The price increases caused some producers to restart or ramp-up production in the second half of 2016.  Major Chinese producers, which had reported a 10% cut-back in 2016 target molybdenum output, increased production back to original volumes, though Chinese output remained significantly below 2015 volumes as a result of small-medium molybdenum mines remaining suspended.  Improving supply availability coupled with reduced purchases restrained further price increases in Q3 2016.  Prices slipped back slightly in Q4 2016 to average US$8.17/lb Mo for ferromolybdenum and US$6.63/lb Mo for TMO, though returning demand from the steel and petroleum industries is forecast to support price increases in 2017.


Patent
Anglo American | Date: 2016-01-29

This invention relates to a process for recovering valuable metals from ore with significantly reduced water consumption through the discrete treatment and storage of coarse tailings. Ore is ground to produce a coarse particulate ore. The coarse particulate ore is treated in a coarse flotation stage to produce a low grade concentrate fraction and a coarse tailings fraction. The low grade concentrate fraction is treated to produce fine tailings and a saleable concentrate. The coarse tailings are treated separately from the fine tailings and water is recovered from the coarse tailings by hydraulically stacking; filtering or screening, whereafter the coarse tailings are dry stacked, without being recombined with the fine tailings.


News Article | February 27, 2017
Site: news.yahoo.com

Iron ore prices have been on a rollercoaster, dipping from $200 a tonne in 2011 to $40 in 2015, and spiking at $90 in February (AFP Photo/AMY COOPES) Sydney (AFP) - Increased Chinese spending on housing and hopes of an infrastructure bonanza in the US and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits. A slowdown in the global economy, particularly in the world's top consumer China, and a supply glut hammered prices in recent years, pushing many firms to the brink of collapse and forcing others to slash jobs and spending. But with Beijing rediscovering its appetite for key metals -- and the economy showing signs of stabilising -- optimism is returning, although there are lingering worries the recovery might not last. "Most miners are going to be making very good cash, and better cash than they have been making for years," UBS commodities analyst Daniel Morgan told AFP. "Their cost bases are lower and in many cases they are back to sustaining capex (capital expenditure) rather than growing capex. So right now they'll be minting cash and improving their balance sheets." Iron ore, a key ingredient in steelmaking, has been representative of the commodities rollercoaster. After hitting a peak near US$200 a tonne in 2011, it tumbled some 80 percent to below US$40 in late 2015. Since then, it has rallied to spike above US$90 in February, surprising analysts. Copper prices have also rallied, with a strike at BHP's Escondida mine in Chile -- the world's biggest copper pit -- also providing support. The main factors behind the broad-based revival have been supply constraints and a shift in Chinese demand, said CLSA's head of resources research Andrew Driscoll. Chinese authorities introduced policies supporting the nation's crucial property market while also increasing credit, helping drive infrastructure investment. "Demand was persistently better than what was expected, led by those two sub-sectors, for much of the year," Driscoll told AFP. At the same time, supply constraints emerged as the central government enacted environmental reforms that made it more costly to produce polluting commodities in China. The November election of President Donald Trump, who has touted massive infrastructure spending, and the Indian government's vow to fund the modernisation of roads, airports and railways also boosted sentiment. The world's two biggest miners -- BHP Billiton and Rio Tinto -- this month reported bumper profits for 2016 after plunging into the red the previous year and Brazil's Vale also said Thursday it experienced a strong earnings boost on the back of record production. Coal giant Anglo American joined the party Tuesday, powering back into the black, while the surge in coal prices has led to the reopening of mines by operators including Swiss commodities giant Glencore. US-listed coal miners such as Alpha Natural Resources and Arch Coal are also returning after a slew of bankruptcies. Warrior Met Coal, which owns bankrupt Walter Energy's main assets, is hiring workers while Peabody Energy has plans to relist sometime this year. "That's an interesting example of how things have gone full circle. We've come out at the other end, these companies have been restructured and it's a much stronger coal-price environment," Driscoll said. "They... are likely to become significant companies again." Shareholders could benefit from share buybacks as miners become awash with cash, while mergers and acquisitions could return. But companies would be wary of embarking on a spending spree that might backfire if prices plunge again, with experts questioning whether the current commodities rally is sustainable and if prices will head south in case supply starts to outstrip demand. Some commodities such as coal already face a longer-term decline owing to competition from cheap natural gas and a push for cleaner energy. But the key factor that could prove crucial is the US dollar, in which commodities are priced. With Trump's big-spending, tax-cutting plan expected to ramp up inflation, the Federal Reserve will likely be forced to hike borrowing costs, fuelling demand for the greenback. A stronger dollar makes resources more expensive for those holding other currencies. A stronger US dollar is "probably the overall headwind that will keep commodity prices from doing very well", Fat Prophets resources analyst David Lennox told AFP. "We've probably seen the crazy numbers from their lows, and we'll now get the structured price movements as markets start to react... and supply gets going."


News Article | March 3, 2017
Site: www.prnewswire.co.uk

Gahcho Kué, the world's largest new diamond mine in the last 13 years, officially began commercial production[i] today (2 March 2017). The mine, a joint venture with The De Beers Group of Companies (51 per cent) and Mountain Province Diamonds (49 per cent), is expected to produce approximately 54 million carats of rough diamonds over its lifetime.[ii] Production ramp up began on 1 August 2016 and the Official Opening Ceremony took place on 20 September 2016, with 200 guests in attendance from across Canada and around the world. Bruce Cleaver, CEO, De Beers Group, said: "Today marks a significant landmark for De Beers in Canada as Gahcho Kué becomes an important contributor to the Group's global production. That the mine has reached this landmark, on budget and ahead of schedule, is testament to the partnerships that have worked together since construction began. It's a result of these partnerships that the mine is set to deliver socio-economic benefits of more than C$5 billion to the economy of the Northwest Territories over its lifetime." Kim Truter, CEO, De Beers Canada, said: "With Gahcho Kué achieving commercial production, it successfully builds on the transformation of De Beers in Canada. General Manager Allan Rodel and his entire team are to be congratulated for completing this milestone safely and ahead of schedule during the extreme winter conditions that have taken place over the past few months." Patrick Evans, President and CEO of Mountain Province Diamonds, added: "The dedicated support of our shareholders, business partners and employees has made today's important achievement possible. Gahcho Kué is a rich diamond deposit that secures Canada's position as one of the world's leading diamond producers. Our thanks and appreciation goes to our Operating partner, De Beers Canada, for delivering the Gahcho Kué mine safely and ahead of schedule." The fly-in/fly-out remote mine site is situated approximately 280km northeast of Yellowknife in the Northwest Territories (NWT) of Canada. Comprising three open pits, the mine will employ 530 people full-time, with the majority working a two-week in/two-week out rotation. In addition to a C$440 million boost to the NWT economy through 2015, the Gahcho Kué mine will provide a further C$5.3 billion in Gross Value Added (GVA)[iii ]to the NWT now that it has reached commercial production, according to a socio-economic impact report by EY.[iv] ABOUT THE DE BEERS GROUP OF COMPANIES De Beers is a member of the Anglo American plc group. Established in 1888, De Beers is the world's leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs more than 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company's operating philosophy, the people of De Beers are committed to 'Building Forever' by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers, visit http://www.debeersgroup.com. ABOUT MOUNTAIN PROVINCE DIAMONDS Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. Gahcho Kué is the world's largest new diamond mine. The deposit consists of a cluster of four diamond-bearing kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for total diamond content of 55.5 million carats. The mine is projected to produce an average of 4.5 million carats a year. Mountain Province Diamonds is listed on the Toronto Stock Exchange and the NASDAQ (MPVD ). For further information about Mountain Province visit http://www.mountainprovince.com


News Article | February 15, 2017
Site: www.prnewswire.com

NEW YORK, Feb. 14, 2017 /PRNewswire/ -- Anglo American Appraisal Services reports that the Hillary Clinton Postage Stamp as the 45th President of the United States is to be withdrawn. Having anticipated a victory by Hillary Clinton, the country wanted to be the first to commemorate thi...


News Article | February 24, 2017
Site: marketersmedia.com

Wiseguyreports.Com Adds “Nickel Powder -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database This report studies Nickel Powder in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Nickel Powder in these regions, from 2011 to 2021 (forecast), like Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into Nickel Carbonyl Powder Atomized Nickel Raney Nickel Split by application, this report focuses on consumption, market share and growth rate of Nickel Powder in each application, can be divided into Battery Industry Powder Metallurgy Building Industry Other Silver Powders and Flakes Global Nickel Powder Market Research Report 2017 1 Nickel Powder Market Overview 1.1 Product Overview and Scope of Nickel Powder 1.2 Nickel Powder Segment by Type 1.2.1 Global Production Market Share of Nickel Powder by Type in 2015 1.2.2 Nickel Carbonyl Powder 1.2.3 Atomized Nickel 1.2.4 Raney Nickel 1.3 Nickel Powder Segment by Application 1.3.1 Nickel Powder Consumption Market Share by Application in 2015 1.3.2 Battery Industry 1.3.3 Powder Metallurgy 1.3.4 Building Industry 1.3.5 Other 1.3.6 Silver Powders and 1.3.7 Flakes 1.4 Nickel Powder Market by Region 1.4.1 North America Status and Prospect (2011-2021) 1.4.2 Europe Status and Prospect (2011-2021) 1.4.3 China Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.4.5 Southeast Asia Status and Prospect (2011-2021) 1.4.6 India Status and Prospect (2011-2021) 1.5 Global Market Size (Value) of Nickel Powder (2011-2021) 7 Global Nickel Powder Manufacturers Profiles/Analysis 7.1 MMC Norilsk Nickel 7.1.1 Company Basic Information, Manufacturing Base and Its Competitors 7.1.2 Nickel Powder Product Type, Application and Specification 7.1.2.1 Nickel Carbonyl Powder 7.1.2.2 Atomized Nickel 7.1.3 MMC Norilsk Nickel Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.1.4 Main Business/Business Overview 7.2 Vale 7.2.1 Company Basic Information, Manufacturing Base and Its Competitors 7.2.2 Nickel Powder Product Type, Application and Specification 7.2.2.1 Nickel Carbonyl Powder 7.2.2.2 Atomized Nickel 7.2.3 Vale Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.2.4 Main Business/Business Overview 7.3 Xstrata Plc 7.3.1 Company Basic Information, Manufacturing Base and Its Competitors 7.3.2 Nickel Powder Product Type, Application and Specification 7.3.2.1 Nickel Carbonyl Powder 7.3.2.2 Atomized Nickel 7.3.3 Xstrata Plc Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.3.4 Main Business/Business Overview 7.4 Anglo American 7.4.1 Company Basic Information, Manufacturing Base and Its Competitors 7.4.2 Nickel Powder Product Type, Application and Specification 7.4.2.1 Nickel Carbonyl Powder 7.4.2.2 Atomized Nickel 7.4.3 Anglo American Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.4.4 Main Business/Business Overview 7.5 BHP Billiton Ltd 7.5.1 Company Basic Information, Manufacturing Base and Its Competitors 7.5.2 Nickel Powder Product Type, Application and Specification 7.5.2.1 Nickel Carbonyl Powder 7.5.2.2 Atomized Nickel 7.5.3 BHP Billiton Ltd Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.5.4 Main Business/Business Overview 7.6 PACIFIC METALS 7.6.1 Company Basic Information, Manufacturing Base and Its Competitors 7.6.2 Nickel Powder Product Type, Application and Specification 7.6.2.1 Nickel Carbonyl Powder 7.6.2.2 Atomized Nickel 7.6.3 PACIFIC METALS Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.6.4 Main Business/Business Overview 7.7 Jilin Jien Nickel 7.7.1 Company Basic Information, Manufacturing Base and Its Competitors 7.7.2 Nickel Powder Product Type, Application and Specification 7.7.2.1 Nickel Carbonyl Powder 7.7.2.2 Atomized Nickel 7.7.3 Jilin Jien Nickel Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.7.4 Main Business/Business Overview 7.8 Jinchuan Group 7.8.1 Company Basic Information, Manufacturing Base and Its Competitors 7.8.2 Nickel Powder Product Type, Application and Specification 7.8.2.1 Nickel Carbonyl Powder 7.8.2.2 Atomized Nickel 7.8.3 Jinchuan Group Nickel Powder Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.8.4 Main Business/Business Overview For more information, please visit https://www.wiseguyreports.com/sample-request/869551-global-nickel-powder-market-research-report-2017


News Article | February 28, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2017) - Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX) (NYSE MKT:EMX) is pleased to announce the execution of an Option Agreement (the "Agreement"), through its wholly owned subsidiary Bronco Creek Exploration, Inc. ("BCE"), for the Copper Springs porphyry copper project (the "Project") with Anglo American Exploration (USA), Inc. ("Anglo American"). The Project is located approximately 120 kilometers east of Phoenix, Arizona within the Globe-Miami Mining District and represents one of three porphyry copper projects acquired in the district through EMX's generative efforts. The Copper Springs Project covers the majority of a newly recognized, southern porphyry copper trend. Please see attached map and www.eurasianminerals.com for more information. Commercial Terms. (Note: all dollar amounts in USD) Pursuant to the Agreement, Anglo American can earn a 100% interest in the Project by (a) reimbursing BCE's 2016 holding and permitting costs and making annual option payments, together totaling $447,000, and (b) completing $5,000,000 in exploration expenditures before the fifth anniversary of the Agreement. Upon exercise of the option, Anglo American will pay EMX an additional $110,000 and EMX will retain a 2% NSR royalty on the Project. The royalty is not capped or purchasable, except over two parcels of Arizona State Land where Anglo American can buy a 0.5% NSR royalty from EMX for $2,000,000. After exercise of the option, annual advance minimum payments ("AM Payments") of $100,000 are due, commencing on the first anniversary of the exercise of the option. The AM Payments will increase to $200,000 upon completion of a Scoping Study or Preliminary Economic Assessment ("PEA"). Anglo American may make a one-time payment of $3,500,000 to extinguish the obligation to make any post-Scoping Study AM payments. All AM Payments cease upon commencement of production from the Project. In addition, Anglo American will make milestone payments consisting of: Anglo American will manage and operate the Project. Project Overview. The Copper Springs Project is located in the southern part of the Globe-Miami Mining District and is comprised of 262 unpatented federal mining claims and two State of Arizona Exploration Permits totaling ~6,182 acres. Porphyry copper deposits within the district have been structurally dismembered and rotated by younger, post-mineral faulting. EMX geologists identified the Project's porphyry copper potential from their regional generative work, and acquired the Project through staking and obtaining state exploration leases. New geologic interpretations led to the recognition that the west side of the district is characterized by deep, porphyry root zone-styles of alteration and mineralization (Madera-Copper Springs/Lonesome Pine prospects) while the east side is characterized by shallow, porphyry-related vein and replacement mineralization (Old Dominion Mine & Copper Hills). Between the two zones lie highly prospective, but largely untested down-dropped blocks covered by younger basin fill. These targets represent a previously unrecognized porphyry trend, within the EMX land position. To date, EMX has completed geologic mapping, structural reinterpretation, and a gravity survey to aid in drill targeting and has begun permitting for an initial drill program. Previous partner funded work included two drill holes which ended in conglomeratic basin fill. The deepest hole included intervals containing native copper, ended at 670 meters, and was subsequently cased to 512 meters for possible future re-entry. EMX and Anglo American are in the process of finalizing exploration plans. The Copper Springs Agreement is another example of EMX executing the prospect and royalty generation business model to advance its portfolio with quality partners. EMX is enthusiastic to work with Anglo American at Copper Springs and now has three of its six projects in the Globe-Miami and Superior Districts partnered and advancing with major mining companies (see EMX news releases dated May 4, 2015 and October 19, 2016). Note: The nearby and adjacent mines and deposits in the region provide a geologic context for EMX's Project, but this is not necessarily indicative that the Project hosts mineralization with similar grades or tonnages. Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release. About EMX. Eurasian Minerals leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX retaining royalty interests. EMX complements its generative business with strategic investment and third party royalty acquisition. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause Eurasian's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the nine-month period ended September 30, 2016 (the "MD&A"), and the most recently filed Form 20-F for the year ended December 31, 2015, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the 20-F and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov. To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/1087144map.pdf


News Article | February 21, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, Feb. 21, 2017 (GLOBE NEWSWIRE) -- Exeter Resource Corporation (NYSE-MKT:XRA) (TSX:XRC) (Frankfurt:EXB) (“Exeter” or the “Company”) is pleased to announce that it has commenced a 6,000 metre drill program on its 100% owned Caspiche gold-copper project in Chile. The program, contracted to Synergy Drilling, is designed to improve the definition of the known oxide gold zone and other potentially leachable gold zones currently not included in the oxide gold heap leach mine plan. While the gold oxide zone is well defined by previous drilling, the current program will bring confidence levels to feasibility standards, a necessary component of our plan to move Caspiche oxides to a production decision. Importantly, material within a transition zone below the oxides is known, but not well defined. Drilling and metallurgical testwork on this material opens the potential to add to the resources amenable to heap leaching. Upon completion of the drilling program, Exeter expects to initiate advanced studies on the project using updated capital and operating cost estimates. Alternative infrastructure requirements associated with a recently optioned desalinated water will also be assessed (refer to the Company’s press release dated January 17, 2017 - “Exeter secures second water source”). Caspiche is one of the largest gold discoveries made in Chile in recent years. Unique characteristics of the deposit include its’ sizeable heap leachable zone and a lower, discrete higher grade gold-copper core, within a low grade envelope. This combination offers mining opportunities that range from modest scale heap leach gold production, to larger scale open pit/underground mining of the gold-copper zone. Development options were assessed for Caspiche in the Preliminary Economic Assessment (“2014 PEA”)A released in 2014. This report reviewed three potential development alternatives, all of which require significantly less capital than earlier studies. In the 2014 PEA, the heap leach oxide gold project produced a projected average of 122,000 oz AuEq* annually over a planned 10 year mine life, including 148,000 oz AuEq* annually in the first five years. The proposed project has a very low strip ratio (0.27:1) and favorable gold recoveries. Over the course of the last 18 months, the Company optimized Caspiche oxide development requirements, including detailed metallurgical studies. Importantly, the Company advanced infrastructure alternatives, including securing a second water source. Wendell Zerb, Exeter's President & CEO and a “qualified person” ("QP") within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this corporate update. Exeter is a Canadian mineral exploration company focused on the exploration and development of the Caspiche project in Chile. The property is situated in the Maricunga gold district, between the Maricunga mine (Kinross Gold Corp.) and the Cerro Casale gold deposit (Barrick Gold Corp. and Kinross Gold Corp.). The discovery represents one of the largest mineral discoveries made in recent years. On December 19, 2014, Exeter announced the filing of an Amended NI 43-101 Technical Report on the Caspiche Project (“2014 PEA”). Refer to the Exeter web site or Sedar for details regarding the 2014 PEA. The Company currently has cash reserves of C$16 million and no debt. A. Disclaimer: The economic analysis contained in the 2014 PEA is considered preliminary in nature.  There is no certainty that the economic forecast outlined in the 2014 PEA will be realized. No inferred mineral resources were used in the PEA. See Exeter’s website or Sedar for the news release dated December 19, 2014: Amended NI 43-101 Technical Report on the Caspiche Project; Effective date: April 30, 2014.If you have any questions regarding Exeter, or would like a complete corporate presentation forwarded to you, please contact Mr. Rob Grey, VP Corporate Communications at: rgrey@exeterresource.com or Toll-free 1.888.688.9592. Safe Harbour Statement – This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including in relation to the Company’s belief as to the potential significance of water discovered and the potential to utilize the desalinated water secured under option, the timing and completion of advanced studies or a new preliminary economic assessment for the advancement of Caspiche, a potential production decision on the oxide project, the potential to establish new opportunities for the advancement of Caspiche, results from the 2014 PEA including estimated annual production rates, capital and production costs or expected changes to such costs, water and power requirements and metallurgical recoveries, expected taxation rates, potential for securing water rights and adequate water and potential approval of water extraction, potential for reduced power costs, potential to acquire new projects and expected cash reserves. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.  While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; including risks associated with the failure to satisfy the requirements of the Company’s agreement with Anglo American on its Caspiche project which could result in loss of title; the need for additional financing; operational risks associated with mining and mineral processing; risks associated with metallurgical recoveries, risks associated with operating in areas subject to drought conditions and scarcity of available water sources, power availability and changes in legislation affecting the use of those resources; fluctuations in metal prices; title matters; uncertainty and risks associated with the legal challenge to the easement secured from the Chilean government; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters of the Company with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the Company’s common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties, including those described herein and in the Company’s Annual Information Form for the financial year ended December 31, 2015 dated March 22, 2016 filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Cautionary Note to United States Investors - The information contained herein and incorporated by reference herein has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. In particular, the term “resource” does not equate to the term “reserve”. The Securities Exchange Commission’s (the “SEC”) disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards, unless such information is required to be disclosed by the law of the Company’s jurisdiction of incorporation or of a jurisdiction in which its securities are traded. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


HOUSTON, Feb. 13, 2017 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), the global leader in economic and sustainable high performance clean energy gasification technology, today reported financial results for its fiscal 2017 second quarter ended December 31, 2016. “During the second quarter of our fiscal year 2017, we have been focused on near term orders and their associated revenue, now closer than ever, and we are in the midst of forming financially impactful business platforms, all of which have been made possible by the successful multi-year commercialization of our technology,” said DeLome Fair, SES President and CEO. “Projects on nearly every continent are seeking us out, and I am extremely excited about the progress we are making through our technology projects and platforms outside of China. These inquiries are from countries and regions around the world eager for an economic alternative to expensive natural gas that is also environmentally responsible. SES Gasification Technology delivers a cleaner use of coal – a greener solution – that is proven on over 50 coals, biomass and wastes, including feedstocks from the US, Europe, China and Australia.” Ms. Fair continued: “Today, from our most advanced project bidding activities to early stage commercial discussions, SES is working a project pipeline with current prospective opportunities that could exceed $20 billion dollars in total project facilities cost. Our nearest-term activities include the South American project that continues to move forward, and multiple new potential projects – in India, the Caribbean, and Southeast Asia. We believe that total installed cost of these projects could exceed $2 billion beginning this year and extending across the next three to five years. “Based on our success with the approach on the Australian Future Energy platform, we are continuing to develop business platforms in regions of the world with abundant low-cost lignite coal and coal wastes and limited access to affordable natural gas. We intend to move into Eastern Europe with a similar type of platform structure in the near future. Additionally, we believe there will be future opportunities for platforms in other similar regions, such as India,” added Ms. Fair. “We intend to utilize the same platform concept in China where we have spent the majority of our efforts over the past ten years. We are working diligently on completing one or more self-funding China platforms with strong Chinese investment partners who are interested in taking our China assets, partnerships and future project opportunities that we have developed to the next stage, which will allow our Chinese operations to run relatively autonomously from SES. Once successful, our goal is to participate in China’s energy growth through co-ownership of the project investment platform and technology license orders.” Callide Mine: In October 2016, Batchfire Resources Pty Ltd., in which SES holds an approximately 11% ownership position, completed its acquisition of the Callide thermal coal mine located in Central Queensland, Australia, from Anglo American plc. The Callide Mine is a mature and significantly sized coal producer with substantial recoverable thermal coal reserves, according to Batchfire. The mine continued its operations uninterrupted on a “walk-out, walk-in” basis, and reports from the early operation of the mine since the acquisition are showing a smooth transition.  Our ownership position in Batchfire is the result of our successful platform development activities in Australia. Yima Joint Ventures Methanol Plant: The Yima plant returned to operations in November 2016, with good operation reports since the restart. Yima JV management continues its efforts to consolidate the JV structure, in order to finalize the permits and move forward with the plant’s official operations phase. SES is pursuing options to monetize this asset. ZZ Joint Venture Project: In October 2016 SES completed the restructuring of its commercial proof-of-concept SGT demonstration plant and feedstock testing facility with Shandong Weijiao Group Xuecheng Energy Co., Ltd. China Joint Venture: Tianwo-SES Clean Energy Technologies Co., Ltd. (Tianwo-SES), SES’s China Joint Venture with Suzhou THVOW Technology Co., Ltd. – SES continues to work with its Tianwo-SES JV partner to improve its operations. Tianwo-SES is actively pursuing multiple projects across China, including a large-scale national level project to produce substitute natural gas. Chris Raczkowski, an accomplished leader and engineer whose career focus on clean energy technologies includes 17 years of professional experience and living in China and Southeast Asia, joined the team as President – Asia, as announced in December 2016. Mr. Raczkowski’s 25-year career includes energy project development in China, Vietnam, Thailand and Malaysia, and he served as Vice President Engineering for SES during the development and construction of the SES Gasification Technology demonstration plant in Shandong Province, China. The Company reported revenues of $5,000 for the Current Quarter.  During the Comparable Quarter total revenues were $53,000, which resulted from engineering feasibility studies and coal testing services for a customer. The Company reported $2,000 costs of sales during the Current Quarter.  In the Comparable Quarter cost of sales totaled $35,000, which related to the costs incurred for coal testing and engineering studies for a customer. The Company's operating loss from continuing operations for the Current Quarter was $2.9 million versus an operating loss of $3.1 million for the Comparable Quarter. The decrease in operating loss was primarily due to less stock-based expense in the Current Quarter. The Company reported a gain from discontinued operations related to our ZZ Joint Venture of $2.3 million for the Current Quarter compared with a total loss of $1.0 million for the Comparable Quarter.  The Current Quarter gain of $2.3 million was primarily the result of the deconsolidation of the ZZ Joint Venture in the Current Quarter. The net loss attributable to stockholders for the second quarter of fiscal 2017 was approximately $0.6 million during the Current Quarter versus a loss of $3.9 million for the Comparable Quarter. As of December 31, 2016, the Company had cash and cash equivalents of $9.3 million and working capital of $8.2 million. SES President and CEO DeLome Fair and CAO Scott Davis will report on financial results and provide a business update beginning at 4:15 p.m. ET on February 13. To access the live conference call webcast, please log on to http://dpregister.com/10100487, or the Investor Center of the corporate website: http://ir.synthesisenergy.com/index.cfm. Alternatively, interested parties may participate in SES’s conference call by phoning (877) 508-9602 (U.S.) or (412) 317-5113 (Int’l). Callers should request the “Synthesis Energy Systems, Inc. call.” An archived version of the SES conference call webcast will be available, beginning approximately one hour after its completion, through March 13, 2017. Interested parties can access the telephonic replay on the Investor Center of the company’s website, or by phoning (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l). The PIN access code for both the live call and replay is: 10100487. Synthesis Energy Systems (SES) is a Houston-based technology company focused on bringing clean high-value energy to developing countries from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary gasification technology based upon U-Gas®, licensed from the Gas Technology Institute. The SES Gasification Technology (SGT) can produce clean, low-cost syngas for power generation, industrial fuels, chemicals, fertilizers, and transportation fuels, replacing expensive natural gas based energy. SGT can also produce high-purity hydrogen for cleaner transportation fuels. SGT enables Growth With Blue Skies, and greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, many coal waste products, biomass, and municipal solid waste feedstocks. For more information, please visit: www.synthesisenergy.com. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the TSEC joint venture in the joint venture territory; our ability to successfully partner our technology business; our ability to develop our power business unit and marketing arrangement with GE and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; the ability of the ZZ Joint Venture to retire existing facilities and equipment and build another SGT facility; the ability of Batchfire management to successfully grow and develop Callide operations; the economic conditions of countries where we are operating; events or circumstances which result in an impairment of our assets; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our ability to successfully commercialize our technology at a larger scale and higher pressures; commodity prices, including in particular natural gas, crude oil, methanol and power, the availability and terms of financing; our ability to obtain the necessary approvals and permits for future projects, our ability to raise additional capital, if any, our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.

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