Cleveland, OH, United States
Cleveland, OH, United States

Cliffs Natural Resources, formerly Cleveland-Cliffs, is a Cleveland, Ohio business firm that specializes in the mining and beneficiation of iron ore and the mining of coal. The firm is an independent company whose shares are traded on the New York Stock Exchange. The firm has stated that it had approximately 4,000 employees and a 28% share of the iron-ore pellet market. Wikipedia.


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News Article | May 24, 2017
Site: www.prnewswire.co.uk

Bullfrog Gold Corp (OTCQB: BFGC) is pleased to announce the initial closing of a non-brokered US $816,000 private placement of equity. These subscriptions were priced at $0.08 per unit, which consists of one share of the Company's common or preferred stock and a two-year warrant to purchase a full share at an exercise price of $0.15. The lead purchaser in the amount of $540,000 was Eros Resources Corp., a TSXV company led by Ron Stewart, President and CEO and Ron Netolitzky, Chairman.  A final closing of additional subscriptions is anticipated on May 31, 2017. Read this and more news for BFGC at http://www.marketnewsupdates.com/news/bfgc.html Proceeds will mainly be used for advancing the Bullfrog Gold Project ("Project") under programs described below amongst others and general corporate purposes. - Complete an independent resource estimate before mid-June 2017 followed by a technical report before the end of July 2017, all compliant with Canadian 43-101 standards and US SEC Guideline 7. This work was initiated in mid-March 2017 by the Golden, Colorado office of TetraTech, a recognized global provider of engineering, technical and construction management services with particular expertise in the mining sector. - Initiate by August 2017 and complete by year end an independent preliminary economic analysis. - Update the environmental baseline and project engineering sufficient to obtain a Plan of Operations from the US Bureau of Land Management along with other regulatory requirements. Such approvals will permit comprehensive drilling and other site programs to begin in 2018 and extend through the project development period. - Confirm or re-establish the field survey control systems used by Barrick Bullfrog Inc. This week market performers in the Precious Metals sector include: Vale S.A  (NYSE: VALE) closed up slightly on Tuesday at $8.63 trading over 25 Million shares by the market close. Vale S.A., together with its subsidiaries, engages in the production and sale of iron ore and iron ore pallets for steelmaking in Brazil and internationally. Its Base Metals segment produces and extracts non-ferrous minerals, including nickel and its by-products, such as ferro-nickel, cobalt, gold, silver, copper, precious metals, and others. Freeport-McMoRan Inc. (NYSE: FCX) also closed up slightly on Tuesday at $11.88 trading over 11.6 Million shares by the market close. Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as oil and gas. Cliffs Natural Resources Inc. (NYSE: CLF) closed up over 4% on Tuesday at $6.75 trading over 12.4 Million shares by the market close. Cliffs Natural Resources Inc. is a leading mining and natural resources company. Founded in 1847, Cliffs Natural Resources Inc. is recognized as the largest and oldest independent iron ore mining company in the United States. AngloGold Ashanti Limited (NYSE: AU) closed up slightly on Tuesday at $11.84 trading over 5.5 Million shares by the market close. AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas. DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated five thousand nine hundred dollars for news coverage of the current press release issued by Bullfrog Gold Corp by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


News Article | May 24, 2017
Site: www.prnewswire.com

Bullfrog Gold Corp (OTCQB: BFGC) is pleased to announce the initial closing of a non-brokered US $816,000 private placement of equity. These subscriptions were priced at $0.08 per unit, which consists of one share of the Company's common or preferred stock and a two-year warrant to purchase a full share at an exercise price of $0.15. The lead purchaser in the amount of $540,000 was Eros Resources Corp., a TSXV company led by Ron Stewart, President and CEO and Ron Netolitzky, Chairman.  A final closing of additional subscriptions is anticipated on May 31, 2017. Read this and more news for BFGC at http://www.marketnewsupdates.com/news/bfgc.html Proceeds will mainly be used for advancing the Bullfrog Gold Project ("Project") under programs described below amongst others and general corporate purposes. - Complete an independent resource estimate before mid-June 2017 followed by a technical report before the end of July 2017, all compliant with Canadian 43-101 standards and US SEC Guideline 7. This work was initiated in mid-March 2017 by the Golden, Colorado office of TetraTech, a recognized global provider of engineering, technical and construction management services with particular expertise in the mining sector. - Initiate by August 2017 and complete by year end an independent preliminary economic analysis. - Update the environmental baseline and project engineering sufficient to obtain a Plan of Operations from the US Bureau of Land Management along with other regulatory requirements. Such approvals will permit comprehensive drilling and other site programs to begin in 2018 and extend through the project development period. - Confirm or re-establish the field survey control systems used by Barrick Bullfrog Inc. This week market performers in the Precious Metals sector include: Vale S.A  (NYSE: VALE) closed up slightly on Tuesday at $8.63 trading over 25 Million shares by the market close. Vale S.A., together with its subsidiaries, engages in the production and sale of iron ore and iron ore pallets for steelmaking in Brazil and internationally. Its Base Metals segment produces and extracts non-ferrous minerals, including nickel and its by-products, such as ferro-nickel, cobalt, gold, silver, copper, precious metals, and others. Freeport-McMoRan Inc. (NYSE: FCX) also closed up slightly on Tuesday at $11.88 trading over 11.6 Million shares by the market close. Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as oil and gas. Cliffs Natural Resources Inc. (NYSE: CLF) closed up over 4% on Tuesday at $6.75 trading over 12.4 Million shares by the market close. Cliffs Natural Resources Inc. is a leading mining and natural resources company. Founded in 1847, Cliffs Natural Resources Inc. is recognized as the largest and oldest independent iron ore mining company in the United States. AngloGold Ashanti Limited (NYSE: AU) closed up slightly on Tuesday at $11.84 trading over 5.5 Million shares by the market close. AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas. DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated five thousand nine hundred dollars for news coverage of the current press release issued by Bullfrog Gold Corp by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


News Article | May 3, 2017
Site: www.prnewswire.com

CD International Enterprises, Inc. (OTC: CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services, today announced that CD International has entered into a letter of intent with a Honduras-based company to purchase iron ore (62% to 63% Fe). Per the letter of intent, CD International agrees to purchase 100,000 metric tons of iron ore (62% to 63% Fe) per month over a period of 12 months. The total shipment over a period of 12 months will be 1.2 million metric tons of iron ore. The monthly supply can be increased to 500,000 metric tons per month or 6 million metric tons of iron ore per year. The initial 12 months contract of 1.2 million metric tons of iron ore values approximately $84 million on basis of the current CIF China price. Read this and more news for CDII at: http://marketnewsupdates.com/news/cdii.html According to Chinese customs data, China's imports of iron ore rose 7.5 percent to a record 1.024 billion tons in 2016. The total topped the 2015 record of 952.84 million tons. China's 2017 March iron ore imports rose 11 percent from the same month a year earlier to the second-highest monthly amount on record, as the world's second-biggest economy ramped up a drive for cheap overseas supply as the cost of domestic output grew. Imports in March were 95.56 million tons, according to data from the General Administration of Customs. For the first quarter of 2017, imports grew 12 percent to 271 million tons. That is a quarterly record. This rise was the result of two factors: resilient steel demand in China (partly driven by government stimulus measures) and the replacement of Chinese domestic iron ore production by the import of cheaper high-grade ore imports, mainly from Australia and Brazil. Dr. James Wang, Chairman and CEO of CD International commented on the letter of intent, "We are pleased to enter this letter of intent, as we have been proactively sourcing iron ore supply for our Chinese clients. This newly sourced supply could provide us a stable supply of iron ore for our clients in China. Under our new mineral trading model, we believe we can create a profit center while we limit exposure of our capital to market risk. Imported iron ore to China will continue at the levels we are seeing now, or perhaps even grow as we go forward. We actively pursue new mineral suppliers for our clients in China, in both South and North America. As we move forward, we believe we are well positioned to take advantage of increasing demand of iron ore by China in years to come." Additional Leading Metal/Steel/Ore Mining and Natural Resources Companies in the markets: ArcelorMittal (NYSE: MT) closed up slightly on Tuesday at $7.90 trading over 11.6 Million shares by the market close. ArcelorMittal produces mining products, including iron ore lumps, fines, concentrates, pellets, and sinter feeds, as well as coking, pulverized coal injection, and thermal coal. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States; and coal mining activities in Kazakhstan and the United States. Cliffs Natural Resources Inc. (NYSE: CLF) also closed up slightly on Tuesday at $6.63 trading over 14.8 Million shares by the market close. Cliffs Natural Resources is a leading mining and natural resources company. Founded in 1847, Cliffs Natural Resources Inc. is recognized as the largest and oldest independent iron ore mining company in the United States. The Company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore mining complex in Western Australia. Steel Dynamics, Inc. (NASDAQ: STLD) closed up on Tuesday at $36.98 trading over 2.8 Million shares by the market close. Steel Dynamics, is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. AK Steel Holding Corporation (NYSE: AKS) also closed up slightly on Tuesday at $6.24 trading over 15.9 Million shares by the market close. AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, and carbon and stainless tubular products, primarily for automotive, infrastructure and manufacturing, electrical power generation and distribution markets. DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by CD International Enterprises, Inc.by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


CLEVELAND--(BUSINESS WIRE)--Cliffs Natural Resources Inc. (NYSE:CLF) announced today that it has selected a site in Toledo, Ohio for the development of its first hot briquetted iron (HBI) production plant. Midrex Technologies was selected to design, engineer and procure equipment for the new plant, which will have the nominal capacity to produce 1.6 million tons of HBI per year. Lourenco Goncalves, Chairman, President and Chief Executive Officer, said, “ Today’s announcement marks a very important strategic milestone for Cliffs as we begin to implement our plans to be the sole producer of high-quality HBI for the EAF steel market in the Great Lakes region. We look forward to the strong margin and earnings potential this new product will generate for Cliffs shareholders.” Mr. Goncalves added: “ We thank Governor John Kasich, JobsOhio and a number of local partners in the Toledo community for their efforts to help advance this project, including an offer of approximately $30 million in grants and other financial incentives. We will continue to work closely with the State of Ohio through the environmental permitting process, and are excited to bring a significant number of high-paying jobs to Ohio.” Ohio Governor John R. Kasich stated, “ This is great news for Toledo and we’re pleased that Cliffs chose Ohio for their new investment. In addition to our strategic location and strong business climate, our low-cost natural gas resources give job creators in this industry a competitive advantage, something Cliffs recognized when considering sites for this new technology.” JobsOhio President and Chief Investment Officer John Minor said he was thrilled Cliffs chose Ohio for this investment. “ The Toledo Ironville Terminal site is a great location for this first direct reduced iron project in the Great Lakes Region,” said Minor. “ JobsOhio, along with our regional partner RGP, the Toledo-Lucas County Port Authority and the City of Toledo are looking forward to supporting Cliffs as they construct this landmark facility that will create 130 permanent jobs and more than 1,200 construction jobs over the next two years." The estimated investment in the entire project is approximately $700 million, and Cliffs is currently in discussions with several passive financial partners. Cliffs anticipates breaking ground for the construction of the HBI production plant in early 2018, with the production of commercial tonnage of HBI beginning in mid-2020. Cliffs considers the brownfield site at the Port of Toledo a premier location for development due to its relative proximity to several future customers, as well as its logistics advantages, including affordable gas availability and access by multiple rail carriers. Cliffs Natural Resources Inc. is a leading mining and natural resources company. Founded in 1847, Cliffs Natural Resources Inc. is recognized as the largest and oldest independent iron ore mining company in the United States. The Company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore mining complex in Western Australia. Driven by the core values of safety, social, environmental and capital stewardship, Cliffs' employees endeavor to provide all stakeholders operating and financial transparency. For more information, visit http://www.cliffsnaturalresources.com This report contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to Cliffs’ operations and business environment that are difficult to predict and may be beyond our control. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These statements speak only as of the date of this report, and we undertake no ongoing obligation, other than that imposed by law, to update these statements. Uncertainties and risk factors that could affect Cliffs’ future performance and cause results to differ from the forward-looking statements in this report include, but are not limited to: uncertainty and weaknesses in global economic conditions, including downward pressure on prices caused by oversupply or imported products, the impact of any reduced barriers to trade, the outcomes of recently filed and forthcoming trade cases, reduced market demand and any change to the economic growth rate in China; continued volatility of iron ore and steel prices and other trends, including the supply approach of the major iron ore producers, affecting our financial condition, results of operations or future prospects, specifically the impact of price-adjustment factors on our sales contracts; our level of indebtedness could limit cash flow available to fund working capital, capital expenditures, acquisitions and other general corporate purposes or ongoing needs of our business; availability of capital and our ability to maintain adequate liquidity; our ability to successfully conclude the CCAA process in a manner that minimizes cash outflows and associated liabilities; the impact of our customers reducing their steel production due to increased market share of steel produced using other methods or lighter-weight steel alternatives; uncertainty relating to restructurings in the steel industry and/or affecting the steel industry; the outcome of any contractual disputes with our customers, joint venture partners or significant energy, material or service providers or any other litigation or arbitration; the ability of our customers and joint venture partners to meet their obligations to us on a timely basis or at all; problems or uncertainties with productivity, tons mined, transportation, mine-closure obligations, environmental liabilities, employee-benefit costs and other risks of the mining industry; our ability to reach agreement with our customers regarding any modifications to sales contract provisions, renewals or new arrangements; our actual levels of capital spending; our ability to successfully diversify our product mix and add new customers beyond our traditional blast furnace clientele; our actual economic iron ore reserves or reductions in current mineral estimates, including whether any mineralized material qualifies as a reserve; our ability to cost-effectively achieve planned production rates or levels including, at our HBI production plant; our ability to successfully identify and consummate any strategic investments or development projects, including our HBI production plant; our ability to obtain the investments necessary for our HBI production plant; changes in sales volume or mix; events or circumstances that could impair or adversely impact the viability of a mine and the carrying value of associated assets, as well as any resulting impairment charges; our ability to maintain appropriate relations with unions and employees; impacts of existing and increasing governmental regulation and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorization of, or from, any governmental or regulatory entity and costs related to implementing improvements to ensure compliance with regulatory changes; uncertainties associated with natural disasters, weather conditions, unanticipated geological conditions, supply or price of energy, equipment failures and other unexpected events; adverse changes in currency values, currency exchange rates, interest rates and tax laws; risks related to international operations; and the potential existence of significant deficiencies or material weakness in our internal control over financial reporting.


VANCOUVER, BC--(Marketwired - February 28, 2017) - Alderon Iron Ore Corp. (TSX: ADV) ("Alderon" or the "Company") is pleased to announce that it has received the results of the preliminary economic assessment ("PEA") on the Rose Deposit of the Kamistiatusset ("Kami") Iron Ore Property in Western Labrador. The PEA was prepared as a result of a re-scoping exercise of the capital and operating costs of the Kami Project, which was necessary in order to identify the savings that arose as a result of the depressed state of the market that existed over the last several years, changes in ownership and management of assets in the Labrador Trough (including the acquisition by Société du Plan Nord of rail and port infrastructure) and the idling of the neighbouring Wabush Scully Mine (please see news release dated October 19, 2016). With market conditions now improving, it is an ideal time for the completion of the re-scoping exercise. "The completion of the PEA marks the beginning of the re-boot of the Kami Project in the new economic environment for iron ore," said Mark Morabito, Chairman and CEO of Alderon. "The Company has completed the economic analysis using an iron ore price assumption that is well below the current spot price, adjusted for 65% iron content and low impurities. The Wabush Scully Mine, which was operated from 1965-2014, is depleted of economic ore reserves. The Kami Project can utilize the depleted pit at Wabush as a tailings solution and bring much needed jobs and economic development to the region with a 29-month construction period, followed by a 24-year mine life. The PEA demonstrates that the capital and operating costs of the Kami Project have been significantly reduced in the current environment and the project has attractive economics at an iron ore price that is well below the current spot price." The PEA replaces the previous 2012 Feasibility Study NI 43-101 report (the "2012 Feasibility Study") as the current technical report for the Kami Project. Significant portions of PEA remain unchanged from the Feasibility Study, including sections relating to geology, exploration, drilling, sampling and data verification, and the mineral resource estimate. The current PEA includes the replacement of the port handling and terminal facilities in the Pointe-Noire area of ​​Sept-Îles, Québec, with proposed access to the new multi-user terminal facility at the Port of Sept-Îles that will be open to all market participants, and the integration of the Wabush Scully Mine property as a tailings solution. The present study was prepared as a PEA, not a feasibility study, as a result of the proposed integration of the Wabush Scully Mine property. The Company currently does not have access to the Wabush Scully Mine property to complete the additional engineering and technical work that would be required for the preparation of a feasibility study. For additional information, see below under the heading "Comparison to 2012 Feasibility Study." 100% of the production from the Kami Project has been pre-sold under the terms of off-take agreements with Hesteel Iron & Steel Group Co., Ltd. (formerly Hebei Iron & Steel Group Co., Ltd.) ("Hesteel") and a subsidiary of Glencore plc. The FOB concentrate sales price, which is 36% lower than the long-term price used in the 2012 Feasibility Study, was calculated based on the terms of these off-take agreements. Further details regarding the concentrate sale price are set out below in this news release. The PEA was completed by BBA Inc. ("BBA") located in Montreal, Quebec, Gemtec Limited ("Gemtec") located in St. John's, Newfoundland & Labrador and Watts, Griffis and McOuat Limited ("WGM") located in Toronto, Ontario, and is effective as of February 28, 2017. The technical report (the "Report") summarizing the results of the PEA and prepared in accordance with National Instrument ("NI") 43-101 compliant will be filed on SEDAR and Alderon's website within 45 days of this news release. The results of the PEA are based on 100% ownership of the Kami Project. The Kami Project is held through The Kami Mine Limited Partnership ("Kami LP"), as to 75% by Alderon and 25% by Hesteel. In addition, the results of the PEA disclosed in this press release are expressed in USD and pre-tax (except where otherwise indicated). Alderon has engaged Strategic Concepts, Inc. of St. John's, Newfoundland to update the economic impact assessment of the Kami Project previously released in June of 2012 for the Provinces of Newfoundland & Labrador and Québec (the two regions where the Kami Project has the largest impact) and all other regions across Canada. The updated economic impact analysis will be released in the near future. The completion of this study also forms the basis for Alderon to resume its financing and development efforts for the Kami Project. The PEA demonstrates robust project economics. Based on a production rate of 7.8 million tonnes per year of iron ore concentrate at a grade of 65.2% iron, the PEA shows a Net Present Value ("NPV") of US$1,377 million at a cash flow discount rate of 8%. The internal rate of return ("IRR") for the project is 23.8%. The level of accuracy of the PEA is considered to be +/-30% and an exchange rate of $1.00CDN = US$0.77 was used. On a post-tax basis, the PEA shows a NPV of US$712 million at a cash flow discount rate of 8%. The post-tax IRR for the project is 17.9% and the payback period is 4.7 years. The post-tax analysis is based on a number of assumptions which will be fully set out in the Report. Based on the assumption that commercial production would begin 29 months after the start of construction and would continue for 24 years, the following results were obtained: Total capital expenditures (including contingency) are estimated at US$897.5 million. The capital cost estimate excludes closure costs and sustaining capital, which are expected to be in the order of $30.7 million and $254.6 million respectively for the life of the project. These costs are included in the financial analysis for the project. The PEA assumes a Concentrate CFR selling price of US$79.30/tonne. This price was calculated using the 3-year trailing average price of US$69.40/tonne for the Platts IODEX 62% Fe, CFR North China, adding the spot Fe premium of US$12.50/tonne and applying the discounts and premiums from the Hebei and Glencore agreements. The final price of concentrate loaded in ship (FOB) at Port of Sept-Îles assumed in the financial analysis is US$65.30/tonne. The final price is determined after applying shipping costs estimate at US$14/tonne. Shipping costs were estimated based on a study performed by a reputed company retained by the Kami LP. Average life-of-mine ("LOM") operating costs, including annual costs for leasing of equipment (purchase value of US$166.8 million), are estimated at US$31.08/tonne of concentrate. During the life of the project, items of leased equipment are replaced as they reach the end of their service life and these replacement costs are capitalized and reflected as part of the sustaining capital expenditures. Average LOM operating costs are based on the following: This present PEA replaces the 2012 Feasibility Study as the current technical report on the Kami Project. Significant portions of PEA remain unchanged from the Feasibility Study, including sections relating to geology, exploration, drilling, sampling and data verification, and the mineral resource estimate. Other sections such as mineral processing, mining methods, recovery methods, environmental studies, permitting and market studies were updated based on work done and developments since the 2012 Feasibility Study was published, including detailed engineering, completion of the environmental assessment process and execution of key project agreements. However, the present study was prepared as a PEA and not a feasibility study as a result of the following: The present study is therefore qualified as a Preliminary Economic Assessment. As such, NI 43-101 guidelines do not permit the disclosure of mineral reserves. Although NI 43-101 allows the use of inferred resources to be included in an economic analysis for a PEA, as long as the appropriate cautionary language is used to qualify such an analysis, Alderon and BBA have chosen not to include inferred resources in the economic analysis of this present PEA and thus includes only resources that have been classified as measured and indicated. The results of the 2012 Feasibility Study are presented for comparative purposes with the results of the PEA in the table below (pre-tax and in USD): Despite the significant reduction in initial and sustaining capital costs as well as operating costs, the NPV and IRR are lower and the payback period is longer than the 2012 Feasibility Study in large part due to the 36% reduction in the long-term FOB concentrate sales price forecast per tonne. There are two key changes that have resulted in the significant reduction in initial and sustaining capital costs. The first is the re-scoped Tailings Management Facility (TMF) which proposes to utilize the existing Wabush Scully Mine open pits for tailings disposal. In addition to the capital cost savings, this will provide a significant reduction in greenfield footprint and a net benefit to the Wabush Scully Mine property relative to the current closure scenario of allowing the pits to partially flood and otherwise leave them as-is and the demolition of existing infrastructure. The second key change is with respect to the port terminal facilities. Specifically, on March 8, 2016 the Government of Quebec became the owner of rail, stockyard and terminal facilities located in Pointe-Noire area of the Port of Sept-Ȋles. The Government of Quebec acquired these facilities from Cliffs Natural Resources and has announced its plans to use these assets to create a multi-user terminal facility at the Port of Sept-Îles that will be open to all market participants. The multi-user facility may be accessed by participants as either a partner in a newly formed limited partnership or as a non-partner regular user. The Kami LP's ability to access the multi-user terminal facility will result in a significant capital cost savings as it will no longer need to construct its own stockyard and material handling facilities. The multi-user terminal facility will allow the Kami LP to connect to the completed multi-user dock facility that the Kami LP has an existing contract to ship 8 million tonnes per annum of material through. The mineral resources are reported in accordance with NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and their Guidelines. The mineral resource estimate for the Kami Project is set out below. WGM was retained to audit an in-house estimate completed by Alderon. Mr. Michael Kociumbas, P.Geo. with independent firm, WGM, is a Qualified Persons as defined by NI 43-101 and is responsible for reviewing and approving this mineral resource estimate and the QA/QC associated with the estimate. Mr. Kociumbas has verified, reviewed and approved the technical data contained in this news release and underlying sampling, analytical and test data. The mineral resource estimate has been prepared using a 15% Total Fe cut-off grade, is effective December 17, 2012. The mineral resource estimate for the Kami Project was completed in Gemcom™ using block sizes of 15 m x 15 m x 14 m for Rose Central and Rose North and 5 m x 20 m x 5 m for Mills Lake and is based on results from 209 diamond drillholes at Rose Central and Rose North (170 holes) and Mills Lake (39 holes) zones totaling 62,247 m. These holes were drilled within the iron mineralization for approximately 2,000 m of strike length and a range of 200 to 400 m of width for Rose Central and Rose North. The holes were drilled on section lines that were spaced 100 m apart for both deposits in the main area of mineralization. For the geological modelling, 3-D bounding boxes defining the maximum extents of the Rose and Mills Lake deposit areas were created. The boxes extended approximately 200 m along strike from the outermost drillholes in each area. Mineralized boundaries extended up to a maximum of about 400 m on the ends of the zones and at depth where there was no/little drillhole information, but only if the interpretation was supported by drillhole intersections on adjacent cross sections or by solid geological inference. Only the measured and indicated mineral resources within the Rose Deposit, which consists of the Rose Central and the Rose North deposits, have been considered in the PEA. The mineral resources within the Mills Lake Deposit, and the inferred mineral resources within the Rose Deposit, have not been considered in the economic analysis of this PEA. The mineral resources included within the PEA mine plan ("In-Pit Mineral Resources") for the Rose Deposit, which consider the pit design parameters and include mining dilution and losses, total 536.8 Mt with an average grade of 28.6% TFe. The total stripping is estimated at 698.5 Mt, which includes 128.5 Mt of overburden and which results in a stripping ratio of 1.3 to 1. The In-Pit Mineral Resources consider a cut-off grade of 15% TFe. The table below presents a summary of the In-Pit Mineral Resources. The re-scoped Kami Project is located on two sites: the Kami open pit mine area and the Wabush Scully Mine site. A conceptual project plot plan has been developed for the PEA. The following approach was taken in order to develop the conceptual site plan: The proposed project will produce 7.8 million metric tonnes of 65% iron, low impurity iron ore concentrate per year and will ship concentrate to market via the Port of Sept-Îles facilities at Pointe Noire, Quebec. Mineral processing and concentrate handling for the Project will involve the following steps: A project schedule has been established that starts at the point where construction financing is in place, detailed engineering has been completed, and permits have been obtained such that construction can commence: Prior to construction commencing the Company will have to complete a feasibility study for the re-scoped Project, re-assemble the owner's team, award an EPCM/EPC contract, resume detailed engineering, and have construction financing in place. This process could take several months to complete once it is commenced. A NI 43-101 Technical Report will be filed on SEDAR and on Alderon's website within 45 days of the date of this news release. The Report will consist of a summary of the PEA. The Report is being prepared under the supervision of Mr. Angelo Grandillo, P.Eng, of BBA, a Qualified Person as defined by NI 43-101, with contributions from Gemtec and WGM. Mr. Grandillo is a Qualified Person as defined by NI 43-101 and Mr. Grandillo is independent of Alderon. Mr. Grandillo has reviewed and approved the technical information contained in this news release, with the exception of the mineral resource estimate which was reviewed and approved by WGM as noted above. Mr. Grandillo has verified all the data underlying the technical information disclosed in this news release. Alderon is a leading iron ore development company in Canada. The Kami Project, owned 75% by Alderon and 25% by Hesteel Group Co. Ltd. (formerly Hebei Iron & Steel Group Co. Ltd.) ("Hesteel") through The Kami Mine Limited Partnership, is located within Canada's premier iron ore district and is surrounded by two producing iron ore mines. Its port handling facilities are located in Sept-Îles, the leading iron ore port in North America. Hesteel is Alderon's strategic partner in the development of the Kami Project and China's second largest steel producer. For more information on Alderon, please visit our website at www.alderonironore.com. Alderon is part of the King & Bay West Group ("KBW") of companies. KBW is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors. This press release contains "forward-looking information" within the meaning of the U.S. Private Securities Litigation Reform Act and Canadian securities laws concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this press release include, but are not limited to, statements with respect to (i) the details of the re-scoping of the Kami Project including potential capital and operating cost savings, (ii) the estimation of mineral resources; (iii) the market and future price of iron ore and related products; (iv) the negotiation and conclusion of infrastructure contracts; (v) expected infrastructure requirements; (vi) the ability to access the Wabush Scully Mine site, (vii) the use of the multi-user terminal facility at the Port of Sept-Îles; and (viii) the results of the PEA including statements about future production, future operating and capital costs, the projected IRR, NPV, payback period, construction timelines and production timelines for the Kami Project. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this press release is based on certain factors and assumptions regarding, among other things, receipt of governmental and other approvals, the estimation of mineral resources, the realization of resource estimates, iron ore and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Kami Project in the short and long-term, the progress of exploration and development activities, the ability of the Company to gain access to the Wabush Scully Mine site, the ability of the Company to use the multi-user terminal facility at the Port of Sept-Îles, the receipt of necessary regulatory approvals, the estimation of insurance coverage, assumptions with respect to currency fluctuations and exchange rates, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not commence at the Kami Project, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access rail transportation, sources of power and port facilities, risks relating to changes in iron ore prices and the worldwide demand for and supply of iron ore and related products, risks related to increased competition in the market for iron ore and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licences and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities at the Kami Project may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, risks related to disputes with Aboriginal groups, risks related to a third party acquiring the Wabush Scully Mine site, risks related to insufficient capacity being available for the Company to access the multi-user terminal facility at the Port of Sept-Îles, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's Annual Information Form for the most recently completed financial year, or other reports and filings with applicable Canadian securities regulators. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this press release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.


News Article | March 2, 2017
Site: marketersmedia.com

This report studies Magnet 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 Magnet 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 Primarily hematite Magnetite Others Split by application, this report focuses on consumption, market share and growth rate of Magnet in each application, can be divided into Iron and steel Medication Others Global Magnet Market Research Report 2016 1 Magnet Market Overview 1.1 Product Overview and Scope of Magnet 1.2 Magnet Segment by Type 1.2.1 Global Production Market Share of Magnet by Type in 2015 1.2.2 Primarily hematite 1.2.3 Magnetite 1.2.4 Others 1.3 Magnet Segment by Application 1.3.1 Magnet Consumption Market Share by Application in 2015 1.3.2 Iron and steel 1.3.3 Medication 1.3.4 Others 1.4 Magnet 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 Magnet (2011-2021) 7 Global Magnet Manufacturers Profiles/Analysis 7.1 Atlas Iron Limited 7.1.1 Company Basic Information, Manufacturing Base and Its Competitors 7.1.2 Magnet Product Type, Application and Specification 7.1.2.1 Type I 7.1.2.2 Type II 7.1.3 Atlas Iron Limited Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.1.4 Main Business/Business Overview 7.2 Fortescue Metals Group Ltd 7.2.1 Company Basic Information, Manufacturing Base and Its Competitors 7.2.2 Magnet Product Type, Application and Specification 7.2.2.1 Type I 7.2.2.2 Type II 7.2.3 Fortescue Metals Group Ltd Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.2.4 Main Business/Business Overview 7.3 BHP Billiton 7.3.1 Company Basic Information, Manufacturing Base and Its Competitors 7.3.2 Magnet Product Type, Application and Specification 7.3.2.1 Type I 7.3.2.2 Type II 7.3.3 BHP Billiton Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.3.4 Main Business/Business Overview 7.4 Rio Tinto 7.4.1 Company Basic Information, Manufacturing Base and Its Competitors 7.4.2 Magnet Product Type, Application and Specification 7.4.2.1 Type I 7.4.2.2 Type II 7.4.3 Rio Tinto Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.4.4 Main Business/Business Overview 7.5 Vale 7.5.1 Company Basic Information, Manufacturing Base and Its Competitors 7.5.2 Magnet Product Type, Application and Specification 7.5.2.1 Type I 7.5.2.2 Type II 7.5.3 Vale Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.5.4 Main Business/Business Overview 7.6 Cliffs Natural Resources 7.6.1 Company Basic Information, Manufacturing Base and Its Competitors 7.6.2 Magnet Product Type, Application and Specification 7.6.2.1 Type I 7.6.2.2 Type II 7.6.3 Cliffs Natural Resources Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.6.4 Main Business/Business Overview 7.7 Iron Ore Company 7.7.1 Company Basic Information, Manufacturing Base and Its Competitors 7.7.2 Magnet Product Type, Application and Specification 7.7.2.1 Type I 7.7.2.2 Type II 7.7.3 Iron Ore Company Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.7.4 Main Business/Business Overview 7.8 Labrador Iron Mines 7.8.1 Company Basic Information, Manufacturing Base and Its Competitors 7.8.2 Magnet Product Type, Application and Specification 7.8.2.1 Type I 7.8.2.2 Type II 7.8.3 Labrador Iron Mines Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.8.4 Main Business/Business Overview 7.9 Champion Minerals 7.9.1 Company Basic Information, Manufacturing Base and Its Competitors 7.9.2 Magnet Product Type, Application and Specification 7.9.2.1 Type I 7.9.2.2 Type II 7.9.3 Champion Minerals Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.9.4 Main Business/Business Overview 7.10 Cap-Ex Ventures 7.10.1 Company Basic Information, Manufacturing Base and Its Competitors 7.10.2 Magnet Product Type, Application and Specification 7.10.2.1 Type I 7.10.2.2 Type II 7.10.3 Cap-Ex Ventures Magnet Capacity, Production, Revenue, Price and Gross Margin (2015 and 2016) 7.10.4 Main Business/Business Overview 7.11 Sundance Resources 7.12 Sinosteel For more information, please visit https://www.wiseguyreports.com/sample-request/540627-global-rare-earth-magnet-industry-2016-market-research-report


VANCOUVER, BC--(Marketwired - 28 février 2017) - Alderon Iron Ore Corp. (TSX: ADV) (" Alderon " ou " la Société ") est heureuse d'annoncer qu'elle a reçu les résultats de son évaluation économique préliminaire (" EEP ") relativement au gisement de Rose de la propriété de minerai de fer Kamistiatusset (" Kami ") dans l'ouest du Labrador. La présente EEP a été préparée dans le cadre d'un exercice de reformulation des dépenses en immobilisations et des coûts d'exploitation associés au projet Kami, laquelle était nécessaire pour définir les économies attribuables à la faiblesse du marché depuis plusieurs années, aux changements de propriété et de gestion des actifs de la Fosse du Labrador (notamment l'acquisition par la Société du Plan Nord des infrastructures ferroviaires et portuaires) et à l'abandon de la mine avoisinante Scully de Wabush (se reporter au communiqué de presse du 19 octobre 2016). Le marché étant maintenant à la hausse, le temps est tout indiqué pour un tel exercice de reformulation. Commentaire du chef de la direction " La conclusion de notre EEP marque le début de la reprise du projet Kami, dans un nouvel environnement relativement au minerai de fer ", a déclaré Mark Morabito, président du conseil et chef de la direction d'Alderon. " La Société a effectué son analyse économique en utilisant des hypothèses sur le prix du minerai de fer largement inférieur au prix au comptant, après un ajustement pour un contenu en fer de 65 % et un faible taux d'impuretés. La mine Scully de Wabush, qui a été exploitée de 1965 à 2014, a maintenant été épuisée de ses réserves de minerai exploitable. Le projet Kami peut utiliser l'ancienne mine de Wabush comme solution pour les rejets miniers, ce qui créera des emplois et un développement économique à la région puisque la période de construction prévue est de 29 mois et sera suivie par une exploitation minière sur 24 ans. L'EEP a démontré que les dépenses en immobilisations et les coûts d'exploitation associés au projet Kami sont considérablement moins élevés dans la conjoncture actuelle, et les données économiques du projet sont attrayantes compte tenu d'un prix du minerai de fer nettement inférieur au prix au comptant. Les faits saillants de l'EEP comprennent : L'EEP remplace le rapport de l'étude de faisabilité NI 43-101 de 2012 (l'" étude de faisabilité de 2012 ") à titre de rapport technique à jour pour le projet Kami. D'importantes parties de l'EEP sont identiques à l'étude de faisabilité, y compris les sections sur la géologie, l'exploration, le forage, l'échantillonnage, la vérification des données et les estimations des ressources minérales. L'EEP actuelle inclut le remplacement des installations portuaires de manutention et les quais de la zone Pointe-Noire du Port de Sept-Îles, au Québec, avec un accès proposé au nouveau quai des installations portuaires du Port de Sept-Îles qui sera ouvert aux participants du marché, de même que l'intégration de la mine Scully de Wabush comme solution pour les rejets miniers. L'étude actuelle a été préparée sous forme d'une EEP et non d'une étude de faisabilité en raison de l'intégration proposée de la mine Scully de Wabush. À l'heure actuelle, la Société n'a pas accès à la propriété de la mine Scully aux fins des travaux d'ingénierie et des travaux techniques additionnels nécessaires pour préparer une étude de faisabilité. Pour en savoir plus à cet égard, consulter la section " Comparaison avec l'étude de faisabilité de 2012 " ci-dessous. 100 % de la production du projet Kami a été pré-vendu en vertu de d'accords d'exploitation avec Hesteel Iron & Steel Group Co., Ltd. (anciennement Hebei Iron & Steel Group Co., Ltd.) (" Hesteel ") et une filiale de Glencore plc. Le prix de vente FOB du concentré, qui est 36 % inférieur au prix à long terme utilisé dans l'étude de faisabilité de 2012, a été calculé en fonction des modalités de ces contrats d'exploitation. D'autres détails sur le prix de vente du concentré sont donnés plus loin dans le présent communiqué de presse L'EEP a été réalisée par BBA Inc. (" BBA "), de Montréal, Québec, Gemtec Limited (" Gemtec "), de St. John's, Terre-Neuve-et-Labrador et Griffis and McOuat Limited (" WGM ") de Toronto, Ontario, en date du 28 février 2017. Le rapport technique (le " rapport ") présente un résumé des résultats de l'EEP et a été préparé conformément au Règlement 43-101 du National Instrument (NI); il sera déposé sur le site Web du SEDAR et d'Alderon dans les 45 jours suivant la publication de ce communiqué de presse. Les résultats de l'EEP sont basés sur une participation à 100 % dans le projet Kami. Le projet Kami est détenu par l'entremise de Kami Mine Limited Partnership (" Kami LP ") constitué par Alderon à 75 % et par Hesteel à 25%. En outre, les résultats de l'EEP publiés dans le présent communiqué de presse sont exprimés en dollars américains et avant impôts (à moins d'indication à l'effet contraire). Alderon a retenu les services de Strategic Concepts, Inc. de St. John's, à Terre-Neuve, pour mettre à jour l'étude d'impact environnemental du projet Kami publié précédemment en juin 2012 pour les provinces de Québec et Terre-Neuve-et-Labrador (les deux régions où le projet Kami a le plus d'impact) et les autres régions du Canada. L'évaluation mise à jour de l'impact environnemental sera publiée prochainement. Cette étude constitue également les fondements pour la reprise, par Alderon, de ses efforts de financement et de développement du projet Kami. L'EEP démontre que les données économiques du projet sont solides. Basé sur un taux de production de 7,8 millions de tonnes de concentré de minerai de fer par année, à une teneur de 65,2 %, l'EEP démontre une valeur actuelle nette (" VAN ") de 1 377 G $US à un taux d'actualisation des flux de trésorerie de 8 %. Le taux de rendement interne (le " TRI ") pour le projet est de 23,8 %. Le niveau de précision de l'EEP est considéré comme étant +/-30 %, et un taux de change des devises étrangères de 0,77 USD = 1,00 CAD fut utilisé. L'EEP démontre également que, après impôts, la VAN s'établit à 712 M $US à un taux d'actualisation des flux de trésorerie de 8 %. Le TRI après impôts pour le projet est de 17,9 %, et la période de remboursement est de 4,7 ans L'analyse après impôts est basée sur un certain nombre d'hypothèses qui seront expliquées de manière exhaustive dans le rapport. Basés sur l'hypothèse que la production commerciale s'amorcerait 29 mois après le début de la construction et se poursuivrait pendant 24 ans, les résultats suivants furent obtenus (avant impôts) : Le total des dépenses en immobilisations (y compris les éventualités) est estimé à 897,5 M $US. L'estimation des dépenses en immobilisations exclut les coûts de fermeture et les capitaux de soutien, dont on s'attend à ce qu'ils se chiffrent à 30,7 M$ et à 254,6 M$, respectivement, pour la durée de vie du projet. Ces coûts sont inclus dans l'analyse financière du projet. L'EEP a été établie en fonction d'un prix de vente du concentré de CCR de 79,30 $/tonne. Ce prix a été calculé en fonction de la moyenne du cours de clôture, soit 69,40 $US/tonne, du CFR North China Platts IODEX 62 % Fe, auquel on a ajouté le cours au comptant du Fe premium, soit 12,50 $US/tonne, ajusté en fonction des escomptes et des primes des accords d'Hebei et de Glencore. Le prix final du concentré chargé sur les navires (FOB) au Port de Sept-Îles utilisé dans l'analyse financière est de 65,30$US/tonne. Le prix final est établi après l'application des frais de transport estimatifs de 14 $US/tonne. Les frais de transport estimatifs sont établis en fonction d'une étude réalisée par une société réputée dont Kami LP a retenu les services. Les coûts d'exploitation moyens pendant la vie de la mine (" LOM "), y compris les coûts annuels de location d'équipement (valeur d'achat de 166,8 M $US), sont estimés à 31,08 $US/tonne de concentré. Pendant la durée de vie du projet, les équipements en location sont remplacés à mesure qu'ils atteignent la fin de leur vie utile, et ces coûts de remplacement sont capitalisés et répercutés dans les capitaux de soutien. Les coûts d'exploitation moyens LOM sont basés sur ce qui suit : La présente EEP remplace l'étude de faisabilité de 2012 à titre de rapport technique actuel pour le projet Kami. D'importantes parties de l'EEP sont identiques à l'étude de faisabilité, y compris les sections sur la géologie, l'exploration, le forage, l'échantillonnage, la vérification des données et les estimations des ressources minérales. D'autres sections, notamment celles qui portent sur le traitement du minerai, les méthodes d'extraction, les méthodes de récupération, les études environnementales, les permis et les études de marché, ont été mises à jour en fonction des travaux et des développements postérieurs à la publication de l'étude de faisabilité de 2012, y compris en ce qui a trait au processus d'évaluation environnementale et à la conclusion d'ententes clés pour le projet. Cependant, l'étude actuelle a été préparée sous forme d'une EEP et non d'une étude de faisabilité pour les raisons suivantes : La présente étude est donc une évaluation économique préliminaire. Par conséquent, les lignes directrices de la Norme canadienne NI 43-101 ne permettent pas de divulguer de données sur les réserves de minerai. S'il est vrai que la Norme canadienne NI 43-101 permet d'inclure les ressources présumées dans l'analyse économique d'une EEP, à la condition qu'un libellé de mise en garde approprié accompagne et qualifie ladite analyse, Alderon et BBA ont choisi de ne pas inclure les ressources présumées dans l'analyse économique de la présente EEP, laquelle contient donc seulement les ressources mesurées et indiquées. Les résultats de l'étude de faisabilité de 2012 sont présentés aux fins de comparaison aux résultats de l'EEP dans le tableau ci-dessous (avants impôts et en $US) : Malgré une réduction importante des dépenses en immobilisations initiales, des coûts de soutien et des coûts d'exploitation, la VAN et le TRI sont inférieurs, et la période de remboursement est plus longue que dans l'étude de faisabilité de 2012 en raison, surtout, de la diminution de 36 % des prévisions à long terme sur le prix de vente FOB par tonne du concentré. Deux changements importants ont eu lieu et contribuent ainsi à la réduction significative tant des dépenses en immobilisations initiales que des capitaux de soutien. Le premier changement est la reformulation des installations de gestion des rejets miniers (IGRM), laquelle propose d'utiliser les fosses à ciel ouvert de la mine Scully de Wabush pour l'élimination des rejets miniers. Outre les économies sur le plan des dépenses en immobilisations, ceci permettra de réduire considérablement l'empreinte sur les zones vertes et de créer un bénéfice net pour la propriété de la mine Scully de Wabush, comparativement au scénario de fermeture actuel dans le cadre duquel les fosses sont partiellement inondées et laissées telles quelles et les infrastructures existantes sont détruites. Le deuxième changement d'importance a trait au quai des installations portuaires. Plus précisément, le 8 mars 2016, le Gouvernement du Québec est devenu le propriétaire des installations ferroviaires, des quais et des aires d'entreposage dans la zone Pointe-Noire du Port de Sept-Îles. Le Gouvernement du Québec a acquis ces installations des mains de Cliffs Natural Resources et a annoncé son plan d'utilisation ces actifs pour créer un quai multi-usager au Port de Sept-Îles, lequel sera ouvert à tous les participants du marché. Les participants pourront accéder à ces installations multi-usagers à titre de partenaires dans un partenariat à responsabilité limitée récemment formé ou à titre d'utilisateur régulier non partenaire. La capacité de Kami LP à accéder aux installations portuaires multi-usagers entraînera une économie importante sur le plan des dépenses en immobilisations puisque Kami LP n'aura pas à construire ses propres aires d'entreposage et installations de manutention. Les installations portuaires multi-usagers permettront à Kami LP d'utiliser le quai multi-usagers existant avec lequel Kami LP a conclu un contrat visant le transit de 8 millions de tonnes de matériel par année. Les ressources minérales sont déclarées conformément à la Norme canadienne NI 43-101 et les définitions et lignes directrices de l'Institut canadien des mines, de la métallurgie et du pétrole (ICM). L'estimation des ressources minérales pour le projet Kami est présentée ci-dessous. Le cabinet WGM a été retenu pour vérifier une estimation interne réalisée par Alderon. M. Michael Kociumbas, P.Geo., du cabinet indépendant WGM, constitue une personne qualifiée aux termes de la Norme canadienne NI 43-101 et il est responsable de l'examen et de l'approbation de cette estimation des ressources minérales ainsi que de l'AQ/CQ associés à l'estimation. Il a vérifié, examiné et approuvé les données techniques contenues dans ce communiqué de presse, ainsi que les données sous-jacentes d'échantillonnage, d'analyse et de test. L'estimation des ressources minérales a été préparée en utilisant une teneur de coupure de Fe à 15 %, en vigueur le 17 décembre 2012. L'estimation des ressources minérales pour le projet Kami a été effectuée en Gemcom™ au moyen de blocs de 15 m x 15 m x 14 m pour Rose Central et Rose North et de 5 m x 20 m x 5 m pour Mills Lake et est fondée sur les résultats tirés de 209 trous de forage au diamant à Rose Central et à Rose North (170 trous) et à Mills Lake (39 trous), pour un total de 62 247 m. Ces trous ont été forés dans la zone de minéralisation sur une étendue longitudinale d'environ 2 000 mètres et une largeur de 200 à 400 mètres à Rose Central et à Rose North. Les trous ont été forés en lignes de sections espacées de 100 mètres les unes des autres pour les deux gisements dans la principale zone de minéralisation. Pour la modélisation géologique, des cadres d'objet 3D ont été créés pour définir l'étendue maximale des zones des gisements de Rose et de Mills Lake. Ces cadres s'étendaient environ 200 mètres le long du forage, depuis les trous de forage les plus distants de chaque zone. Des limites de minéralisation s'étendent jusqu'à un maximum d'environ 400 mètres aux extrémités des zones et, en profondeur, lorsque peu ou pas d'information n'était disponible sur les trous de forage, mais seulement si l'interprétation reposait sur des intersections de trous de forage sur des croisées adjacentes ou par inférence géologique probable. Seules les ressources minérales mesurées et indiquées relativement au gisement de Rose (composé des gisements de Rose Central et de Rose North) ont été considérées pour l'EEP. Les ressources minérales du gisement de Mills Lake, de même que les ressources minérales présumées du gisement de Rose, n'ont pas été considérées dans l'analyse financière de la présente EEP. Les ressources minérales incluses dans le plan de la mine de l'EEP (les " ressources minières au sol ") pour le gisement de Rose, lequel tient compte des paramètres de conception de la fosse et inclut la dilution et les pertes minières, totalisent 536,8 Mt, avec une teneur moyenne de 28,6 % TFe. Le total du recouvrement est estimé à 698,5 Mt, ce qui inclut 128,5 Mt de morts-terrains et entraîne un coefficient de recouvrement de 1,3:1. Les ressources minérales au sol sont établies en fonction d'une teneur de coupure de Fe à 15 %. Le tableau ci-dessous présente un résumé des ressources minérales au sol Le projet Kami reformulé est situé dans deux sites différents : la fosse à ciel ouvert de Kami et le site de la mine Scully de Wabush. Un plan de terrain conceptuel a été conçu dans le cadre de l'EEP. L'approche suivante a été adoptée pour concevoir le plan de terrain conceptuel : Le projet proposé sera en mesure de produire 7,8 millions de tonnes métriques de concentré de minerai i de fer à 65 % par année et expédiera le concentré au marché via les installations du Port de Sept-Îles à Pointe Noire, au Québec. Le traitement du minerai et la manutention du concentré pour le projet englobent les étapes suivantes : Un calendrier de projet a été établi, et le point de départ est la date où le financement nécessaire a été obtenu, les travaux d'ingénierie détaillés sont terminés et les permis pour ladite construction ont été émis : Avant d'entreprendre la construction, la Société devra effectuer une étude de faisabilité sur le projet reformulé, reconstituer l'équipe de propriété, décerner un contrat d'IACG/IAC, reprendre les travaux d'ingénierie détaillés et obtenir le financement nécessaire pour la construction. Ce processus peut prendre plusieurs moins à achever. Un rapport technique NI 43-101 sera déposé sur SEDAR et sur le site Web d'Alderon dans les 45 jours qui suivent la date de ce communiqué de presse. Le rapport constituera un résumé de l'EEP. Le rapport est actuellement préparé sous la direction de M. Angelo Grandillo, P.Eng, de BBA, une personne qualifiée aux termes de la Norme canadienne NI 43-101, avec la collaboration de Gemtec et de WGM. M. Grandillo est une personne qualifiée aux termes de la Norme canadienne NI 43-101 et M. Grandillo est indépendant d'Alderon. M. Grandillo a examiné et approuvé l'information technique contenue dans ce communiqué de presse, à l'exception de l'estimation des ressources minérales qui a été examinée et approuvée par WGM comme indiqué ci-dessus. M. Grandillo a vérifié toutes les données sous-jacentes des informations techniques divulguées dans ce communiqué de presse. Alderon est un chef de file canadien du développement du minerai de fer. Le projet Kami est la propriété d'Alderon (75 %) et du Hesteel Group Co. Ltd. (25 %) (anciennement Hebei Iron & Steel Group Co. Ltd.) (" Hesteel ") par le truchement de Kami Mine Limited Partnership et est situé dans la principale région canadienne d'extraction du minerai de fer et entouré par deux importantes mines de minerai de fer en opération. Les installations portuaires de manutention sont situées à Sept-Îles, le plus important port de transit du minerai de fer en Amérique du Nord. Hesteel est le partenaire stratégique d'Alderon dans le développement du projet Kami et le deuxième producteur d'acier en importance de la Chine. Pour obtenir de plus amples renseignements sur Alderon, visitez son site Web à l'adresse www.alderonironore.com. Alderon fait partie du King & Bay West Group (" KBW ") de sociétés. KBW est une banque d'investissement et une société de services de gestion qui se specialize dans l'identification, le financement, le développement et la gestion des occasions de croissnce dans les secteurs des ressources et de la technologie. ALDERON IRON ORE CORP. Au nom du conseil d'administration " Mark J. Morabito " Président et chef de la direction Ce communiqué de presse comporte de " l'information prospective " au sens de la Private Securities Litigation Reform Act et des lois canadiennes sur les valeurs mobilières concernant des événements anticipés qui pourraient se dérouler dans l'avenir. L'information prospective contenue dans le présent communiqué de presse inclut, mais sans s'y limiter, des déclarations sur (i) les détails de la reformulation du projet Kami, y compris les économies potentielles sur le plan des dépenses en immobilisations et le capital de soutien; (ii) l'estimation des ressources minérales; (iii) le marché et le prix futur du minerai de fer et des produits connexes; (iv) la négociation et la conclusion de contrats visant les infrastructures; (v) les exigences prévues relativement aux infrastructures; (vi) la capacité à accéder au site de la mine Scully de Wabush; (vii) l'utilisation du quai multi-usager du Port de Sept-Îles et (viii) les résultats de l'EEP, notamment les déclarations sur la production future, l'exploitation future et les dépenses en immobilisations, le TRI et la VAN prévus, la période de remboursement et les calendriers de construction et de production du projet Kami. Dans certains cas, il est possible de reconnaître l'information prospective à l'utilisation de divers termes ou expressions, notamment : " planifie ", " prévoit ", " ne prévoit pas ", " est prévu ", " budget ", " prévu ", " estimations ", " prévisions ", " a l'intention ", " anticipe ", " n'anticipe pas " ou " croit ", ou encore des variations de ces termes et expressions; il est également probable que des termes ou des expressions comme " peuvent ", " devraient ", " pourraient ", " il se peut ", " seront prises ", " se produiront " ou encore " seront atteints ou réalisés " à l'égard de mesures, d'événements, de résultats à venir ou d'autres attentes, croyances, plans, objectifs, suppositions, intentions ou énoncés quant à des événements ou à des rendements à venir soient utilisés. L'information prospective contenues dans ce communiqué de presse se fonde sur certains facteurs et certaines suppositions concernant, entre autres, l'obtention d'approbations du gouvernement et d'autres organismes, l'estimation des ressources minérales, la réalisation des estimations de ressources relatives au prix du minerai de fer et des autres métaux, le moment et le montant des futures dépenses en développement, l'estimation des besoins initiaux et subséquents d'investissement en immobilisations, l'estimation des coûts de la main-d'œuvre et de l'exploitation, la disponibilité des matériaux et du financement nécessaires pour continuer à explorer et développer le projet Kami à court et à long terme, le progrès des activités d'exploration et de développement, la capacité de la Société à accéder au site de la mine Scully de Wabush; la capacité de la Société à utiliser le quai multi-usagers du Port de Sept-Îles, l'obtention des approbations réglementaires nécessaires, l'estimation des coûts d'assurance, ainsi que des suppositions concernant les fluctuations de devises, les risques environnementaux, les conflits ou revendications de titres de propriété et autres questions semblables. Même si l'entreprise considère que ces hypothèses sont raisonnables, compte tenu de l'information actuellement disponible, elles pourraient se révéler erronées. L'information prospective suppose des risques connus et inconnus, des incertitudes et d'autres facteurs qui peuvent faire en sorte que les résultats, rendements ou accomplissements réels de l'entreprise soient substantiellement différents des résultats, rendements ou accomplissements futurs exprimés ou impliqués par cette information prospective. De tels facteurs comprennent des risques inhérents à l'exploration et au développement des gisements minéraux, y compris des risques relatifs à la modification des paramètres du projet, à mesure que les plans sont redéfinis, notamment : la possibilité que les activités minières ne commencent pas au projet Kami; les risques liés aux variations des ressources minérales, de la teneur ou des taux de récupération découlant des activités d'exploration et de développement en cours; les risques liés à l'accessibilité au transport ferroviaire, aux sources d'alimentation et aux installations portuaires; les risques liés aux variations du cours, de la demande et de l'approvisionnement mondial de minerai de fer et des produits connexes; les risques relatifs à l'augmentation du niveau de concurrence sur le marché pour le minerai de fer et les produits connexes et dans le secteur minier en général; les risques liés à la conjoncture mondiale actuelle et aux incertitudes inhérentes à l'estimation des ressources minérales; les risques liés à l'accès et à la disponibilité; les risques liés à la confiance dans le personnel clé; les risques opérationnels inhérents aux activités minières, y compris les risques d'accident, de conflit de travail, d'augmentation des coûts d'immobilisations et d'exploitation ainsi que les risques potentiels de retards ou d'augmentation des coûts au cours de la mise en valeur; les risques liés à la réglementation, notamment en matière d'obtention des permis ou des licences nécessaires; les risques liés au financement, à la capitalisation et aux liquidités, y compris le risque que le financement nécessaire aux activités d'exploration et de développement du projet Kami ne soit pas disponible selon des modalités satisfaisantes ou soit inexistant; les risques liés aux litiges en matière de titres et de droits de propriété; les risques liés aux litiges avec les groupes autochtones; les risques liés à l'acquisition par un tiers du site de la mine Scully de Wabush; les risques environnementaux; et les autres risques définis dans la section " Facteurs de risque " de la notice annuelle du dernier exercice financier de l'entreprise ou d'autres rapports ou documents déposés auprès d'organismes canadiens de réglementation des valeurs mobilières. Par conséquent, le lecteur ne doit pas se fier indûment à l'information prospective. L'information prospective est fournie en date de la rédaction de ce communiqué de presse. Sauf pour ce qui est des exigences des lois sur les valeurs mobilières en vigueur, l'entreprise ne reconnaît aucune obligation de modifier ou de réviser publiquement l'information prospective.


News Article | February 16, 2017
Site: www.marketwired.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Champion Iron Limited ( : CIA) (TSX: CIA) ("Champion" or the "Company") is pleased to announce the results of the Feasibility Study for the Bloom Lake Iron Ore Mine ("Bloom Lake"), located near the town of Fermont, in north-eastern Quebec. The Feasibility Study demonstrates that recommencing iron ore mining operations at Bloom Lake is financially viable and would be competitive in global iron ore markets with the potential to be one of the region's leading long-life iron ore mines. A production restart at Bloom Lake would be a major contributor to the provincial and national economy. Champion Iron Chairman and CEO Mr Michael O'Keeffe said, "This is a major result for the Company. Based on conservative assumptions, the Feasibility Study demonstrates that the Bloom Lake Iron Ore Mine is clearly viable. In fact, very few iron ore projects offer the potential of 20+ years of production at industry-low operating costs, whilst being strategically located in close proximity to all necessary infrastructure and situated in what we consider to be a superior mining jurisdiction. I am confident that the Feasibility Study, and these attributes, will allow Champion Iron to secure investor support and funding as we bring the Bloom Lake mine back into full-scale production." The following table presents the mineral resource for the Bloom Lake Project estimated at a cut-off grade of 15% Fe, inside an optimized Whittle open pit shell based on a long-term iron price of USD $60/dmt concentrate for 66% Fe content. The Measured and Indicated mineral resource for the Bloom Lake Project is estimated at 911.6 Mt with an average grade of 29.7% Fe, and Inferred mineral resource at 80.4 Mt with an average grade of 25.6% Fe. The Proven and Probable mineral reserve is estimated at 411.7 Mt at an average grade of 30.0% Fe based on a cut-off grade of 15% Fe. The mineral reserve was estimated using a long-term concentrate price of US$54/dmt for 66% Fe content and an exchange rate of 1.30 CA$/US$. The mineral reserve includes a 4.3% mining dilution at an average grade of 10.3% Fe. The average strip ratio of the open pit is 0.48. The restart of operations at Bloom Lake is based on different operating assumptions which include an upgrade to the concentrator plant and a mineral reserve and mining scenario updated for the current iron ore market. The operation consists of a conventional surface mining method using an owner mining approach with electric hydraulic shovels and mine trucks. All major mine equipment required for the restart of Bloom Lake is present on-site as this equipment was among the assets purchased by the Company's subsidiary, Quebec Iron Ore Inc. Quebec Iron Ore Inc. intends to use Bloom Lake's existing crushing and storage facilities, along with the mill and the rail load-out facilities to produce 7.4 Mtpa of concentrate, with an expected recovery of 83.3% from the ore mined from the main pit. The proposed concentrator plant upgrade was developed to improve the overall iron recovery previously achieved by the existing concentrator when Bloom Lake was in production from 2010 until 2014. The specific goal was to improve the recovery of both the coarser (+425 microns) and fine (-106 microns) iron minerals, while having no adverse effect on the recovery of other size fractions. The concentrator upgrade development was based on proven technology for Labrador Trough iron ore deposits. The mine already has operational processing facilities and rail loop infrastructure, with access to end markets via port and rail. The rail access consists of three separate segments. The first is the 31.9 km rail spur on-site that is operational and connects to the Quebec North Shore & Labrador (QNS&L) railway at the Wabush Mines facilities in Wabush, Labrador. The second segment uses the QNS&L railway between Wabush to the Arnaud junction in Sept-Iles. The third segment is from Arnaud to Pointe-Noire port facilities (Sept-Iles) where the concentrate will be unloaded, stockpiled and then loaded onto vessels for export. Bloom Lake benefits from excellent access to power, water, roads, rail, ports and a highly professional mining labour market, as well as a government that continues to be supportive of new investment and mining. A National Instrument 43-101 Technical Report ("Report") will be filed under the Company's profile on SEDAR within 45 days of the date of this news release. The Report will consist of a summary of the Feasibility Study. The Feasibility Study will also contain contributions from the following independent Qualified Persons: Each of these Qualified Persons has reviewed and approved the technical information contained in this news release that is relevant to their area of responsibility and verified the data underlying such technical information. On April 11, 2016, the Company, through its subsidiary, Québec Iron Ore Inc., acquired the Bloom Lake assets from affiliates of Cliffs Natural Resources Inc. that were subject to restructuring proceedings under the Companies' Creditors Arrangement Act (Canada). Québec Iron Ore Inc. is 63.2% owned by the Company, with the remaining 36.8% equity interest owned by Ressources Québec, acting as a mandatory of the Government of Quebec. The Bloom Lake property is located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Quebec, and 10 km north of the Mount-Wright iron ore mining operation of ArcelorMittal Mines Canada. The Bloom Lake Mine is an open pit truck and shovel operation, with a concentrator. From the site, iron concentrate can be transported by rail, initially on the Bloom Lake Railway, to a ship loading port in Sept-Iles, Québec. The Bloom Lake Mine has already been authorized for operation under the federal and provincial environmental authorities. The project was subject to an environmental impact assessment process under Section 31 of the Provincial Environment Quality Act, which led to the first decree issued by the Quebec government in 2008 authorizing mining activities at the Bloom Lake site. An updated positive Feasibility Study on Bloom Lake is being completed and will be available under the Company's profile on SEDAR (www.sedar.com) within 45 days of the date of this news release. Champion is an iron development and exploration company, focused on developing its significant iron resources in the south end of the Labrador Trough in the province of Québec. Following the acquisition of its flagship asset, the Bloom Lake iron ore property, the Company's main focus is to implement upgrades to the mine and processing infrastructure it now owns while also advancing projects associated with improving access to global iron markets, including rail and port infrastructure initiatives with government and other key industry and community stakeholders. Champion's management team includes professionals with mine development and operations expertise who also have vast experience from geotechnical work to green field development, brown field management including logistics development and financing of all stages in the mining industry. For additional information on Champion Iron Limited, please visit our website at www.championiron.com. This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. All statements, other than statements of historical facts, included in this news release that address future activities, events, developments or financial performance constitute forward-looking information. The use of any of the words "will", "expect", "anticipate", "intend", "believe", "plan", "potential", "outlook", "forecast", "estimate" and similar expressions are intended to identify forward-looking information. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Champion's annual information forms, management's discussion and analysis and other securities regulatory filings made by Champion on SEDAR (including under the heading "Risk Factors" therein). There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All of Champion's forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Champion's management and information available to management as at the date hereof. Champion disclaims any intention or obligation to update or revise any of its forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


News Article | February 16, 2017
Site: www.marketwired.com

NE PAS DIFFUSER CE COMMUNIQUÉ SUR LES FILS DE PRESSE AMÉRICAINS Champion Iron Limited ( : CIA) (TSX: CIA) ("Champion" ou la "Société") dévoile aujourd'hui les résultats de l'étude de faisabilité de la mine de fer du lac Bloom ("Lac Bloom"), située près de la ville de Fermont, dans le nord-est du Québec. L'étude de faisabilité démontre que la reprise des activités d'extraction de minerai de fer au lac Bloom est viable financièrement et qu'elle serait compétitive sur les marchés mondiaux de minerai de fer. Elle aurait même le potentiel de devenir l'une des principales mines de fer de longue durée de la région. Un redémarrage de la production de la mine du lac Bloom, à une date qui demeure toujours inconnue, contribuerait grandement aux économies locales, régionales et provinciales. Le président-directeur général de Champion Iron, M. Michael O'Keeffe, a déclaré : " Nous franchissons aujourd'hui une étape déterminante avec des données des plus concluantes. Basée sur des hypothèses prudentes, l'étude de faisabilité démontre que la relance anticipée de la mine de fer du lac Bloom s'avère viable. À vrai dire, très peu de projets de minerai de fer offrent le potentiel de plus de 20 ans de production à des coûts d'exploitation très compétitifs, tout en étant stratégiquement situés à proximité de toutes les infrastructures nécessaires. Plus encore, ce projet s'inscrit dans ce que nous considérons comme une juridiction minière de premier plan à l'échelle mondiale. Je suis convaincu que l'étude de faisabilité et les caractéristiques du projet permettront à Champion Iron d'obtenir l'appui et le financement des investisseurs en vue d'atteindre notre objectif ultime, celui de ramener la mine du lac Bloom en production commerciale. " Résumé des paramètres économiques et des résultats de faisabilité Le tableau suivant présente les ressources minérales pour le projet de la mine du lac Bloom estimées à un taux de coupure de 15 % Fe, à l'intérieur d'une fosse à ciel ouvert optimisée par Whittle, basée sur un prix à long terme du fer de 60$US/tms concentré à une teneur de 66 % Fe. Les ressources minérales mesurées et indiquées pour le projet du lac Bloom sont estimées à 911,6 Mt à une teneur moyenne de 29,7 % Fe et des ressources minérales inférées de 80,4 Mt à une teneur moyenne de 25,6% Fe. Ressources minérales estimées pour la mine du lac Bloom(notes 1-9) Les réserves minérales prouvées et probables sont estimées à 411,7 Mt à une teneur moyenne de 30,0 % de Fe sur la base d'une teneur seuil de 15 % de Fe. Les réserves minérales ont été estimées en utilisant un prix de concentré à long terme de 54$US/tms à une teneur de 66 % Fe et un taux de change de 1,30$CA/$US. Les réserves minérales sont basées sur un taux de dilution minière de 4,3 % à une teneur moyenne de 10,3 % Fe. Le ratio de déblaiement de la fosse est de 0,48. Le redémarrage des activités à la mine du lac Bloom est fondé sur différentes hypothèses d'exploitation, notamment une mise à niveau de l'usine de concentration et un plan minier adapté au marché actuel du minerai de fer. L'opération se base sur une méthode conventionnelle d'extraction de surface à l'aide de pelles hydrauliques électriques et de camions miniers. Tous les équipements miniers requis pour le redémarrage de la mine du lac Bloom sont actuellement au site, ces équipements faisant partie des actifs achetés par la filiale de la Société, Minerai de Fer Québec Inc. Minerai de Fer Québec Inc. a l'intention d'utiliser les installations de concassage et de stockage du minerai existantes de la mine du lac Bloom, ainsi que le concentrateur et les installations de chargement afin de produire 7,4 Mtpa de concentré, avec une récupération fer prévue de 83,3 % du minerai extrait. La mise à niveau de l'usine de concentration proposée a été développée pour améliorer la récupération totale de fer précédemment obtenue par le concentrateur existant lorsque la mine du lac Bloom était en production de 2010 jusqu'en 2014. Le principal objectif est d'améliorer la récupération des particules grossières (+425 microns) et des plus fines (-106 microns) de minéraux de fer, sans avoir d'effet néfaste sur la récupération d'autres particules. La mise à niveau du concentrateur repose sur une technologie éprouvée pour les gisements de minerai de fer de la fosse du Labrador. La mine du lac Bloom possède déjà des installations de traitement opérationnelles et une boucle ferroviaire, ainsi qu'un accès aux marchés ciblés via des installations portuaires et ferroviaires. L'accès ferroviaire se compose de trois segments distincts. Le premier tronçon de 31,9 km est opérationnel et relie le chemin de fer de la Quebec North Shore & Labrador (QNS&L) aux installations de Wabush Mines à Wabush, au Labrador. Le deuxième tronçon utilise le chemin de fer QNS&L entre Wabush et la jonction Arnaud à Sept-Îles. Le troisième tronçon s'étend de la jonction Arnaud à Pointe-Noire (Sept-Îles) où le concentré sera déchargé, stocké puis chargé sur les navires pour exportation. La mine du lac Bloom bénéficie d'un excellent accès à l'électricité, à l'eau, aux routes, aux chemins de fer, aux ports, à un marché du travail hautement professionnel et à un gouvernement qui continue de soutenir les nouveaux investissements et l'exploitation minière. Un rapport technique 43-101 (le " Rapport ") sera déposé sous le profil de la Société sur SEDAR dans les 45 jours suivant la date du présent communiqué de presse. Le rapport comprendra un résumé de l'étude de faisabilité. Cette dernière comprendra également les contributions des personnes qualifiées indépendantes suivantes : Chacune des personnes qualifiées a examiné et a approuvé les informations techniques pertinentes à leur domaine de responsabilité contenues dans ce communiqué de presse et vérifié les données sous-jacentes à ces informations techniques. A propos de la mine du lac Bloom Le 11 avril 2016, la Société, par l'entremise de sa filiale Minerai de Fer Québec Inc., a acquis les actifs de la mine du lac Bloom auprès de sociétés affiliées de Cliffs Natural Resources Inc. faisant l'objet d'une procédure de restructuration en vertu de la Loi sur les arrangements avec les créanciers des compagnies (Canada). Minerai de Fer Québec Inc. est détenue à 63,2% par la Société, la participation de 36,8% appartient à Ressources Québec, représentant le gouvernement du Québec. La propriété de la mine du lac Bloom est située à l'extrémité sud de la fosse du Labrador, à environ 13 km au nord de Fermont, au Québec, et à 10 km au nord de l'exploitation minière de minerai de fer du Mont Wright d'ArcelorMittal Mines Canada. La mine du lac Bloom est une opération minière à ciel ouvert possédant un concentrateur. À partir du site, le concentré de fer peut être acheminé par chemin de fer jusqu'à un port de chargement à Sept-Îles, au Québec. La mine du lac Bloom a déjà été autorisée sous les autorités environnementales fédérale et provinciale. Le projet a fait l'objet d'un processus d'évaluation environnementale en vertu de l'article 31 de la Loi provinciale sur la qualité de l'environnement. Ce processus a abouti au premier décret du gouvernement du Québec autorisant les activités minières sur le site de la mine du lac Bloom. Une étude de faisabilité positive à jour sur la mine du lac Bloom est en cours d'achèvement et sera disponible sous le profil de la société sur SEDAR (www.sedar.com) dans les 45 jours suivant la date du présent communiqué de presse. Champion est une société de développement et d'exploration du fer qui se consacre au développement d'importantes ressources en fer dans l'extrémité sud de la fosse du Labrador, dans la province de Québec. Suite à l'acquisition de la mine du lac Bloom, son actif phare, la Société se concentre principalement sur la mise à niveau de l'infrastructure minière et de traitement dont elle est maintenant propriétaire, ainsi que sur l'amélioration de l'accès aux marchés mondiaux du fer, en partenariat avec le gouvernement et d'autres intervenants clés de l'industrie et des communautés. L'équipe de direction de Champion est formée de professionnels détenant une l'expertise minière et opérationnelle agrémentée d'une vaste expérience de travail en géotechnique pour le développement de gisements d'exploration, y compris le développement logistique et le financement de toutes les étapes de l'industrie minière. Pour obtenir de plus amples renseignements sur Champion Iron Limited, visitez notre site Web au www.championiron.com. Le présent communiqué de presse renferme de l'information qui peut constituer de l'" information prospective " aux termes de la législation en valeurs mobilières canadienne applicable. Tous les énoncés, sauf les énoncés de faits historiques, dans le présent communiqué de presse concernant des activités, des événements, des développements ou des résultats financiers futurs constituent de l'information prospective. On reconnaît l'information prospective à l'emploi de verbes comme " prévoir ", " entendre " et " croire ", et à l'emploi de termes comme " plan ", " potentiel ", " perspective ", " prévision ", " estimation " et autres expressions analogues. L'information prospective est nécessairement fondée sur un certain nombre d'estimations et d'hypothèses qui, bien que raisonnables, supposent des risques, des incertitudes et d'autres facteurs connus et inconnus de sorte que les résultats réels et événements futurs pourraient être sensiblement différents de ceux exprimés ou sous-entendus dans l'information prospective, notamment les risques décrits dans les notices annuelles, rapports de gestion et autres documents que Champion doit en vertu de la réglementation en valeurs mobilières déposer sur SEDAR (y compris à la rubrique " Facteurs de risque " dans ces documents). Rien ne garantit que cette information se révélera exacte, les résultats réels et événements futurs pouvant être sensiblement différents de ceux prévus dans l'information prospective. Les lecteurs ne doivent donc pas se fier outre mesure à l'information prospective. Toute l'information prospective de Champion dans le présent communiqué de presse est donnée en date des présentes et est fondée sur les avis et estimations de la direction de Champion et sur l'information dont la direction dispose à la date des présentes. Champion décline quelque intention ou obligation de mettre à jour ou de réviser son information prospective, notamment à la lumière de nouveaux renseignements ou d'événements futurs, à moins que la législation ne l'y oblige.


News Article | February 27, 2017
Site: www.prnewswire.com

CLEVELAND, Feb. 27, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has issued $500 million aggregate principal amount of 5.75% Senior Notes due 2025. The Notes are guaranteed on a senior unsecured basis by the Company's material direct and...

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