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Sarissa Resources, Inc. (SRSR)
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0.0140 Up 0.0020(16.67%) Apr 4, 3:50PM EDT
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Balance Sheet Get Balance Sheet for:
View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012
Assets
Current Assets
Cash And Cash Equivalents 32 2 105 3
Short Term Investments - - - -
Net Receivables 102 79 261 256
Inventory - - - -
Other Current Assets 11 41 46 61
Total Current Assets 144 122 413 320
Long Term Investments - - - -
Property Plant and Equipment 902 879 854 778
Goodwill - - - -
Intangible Assets - - - -
Accumulated Amortization - - - -
Other Assets - - - -
Deferred Long Term Asset Charges - - - -
Total Assets 1,046 1,101 1,267 1,098
Liabilities
Current Liabilities
Accounts Payable 2,537 2,453 2,377 2,218
Short/Current Long Term Debt 1,820 1,929 2,126 1,899
Other Current Liabilities - - - -
Total Current Liabilities 4,357 4,382 4,503 4,116
Long Term Debt - - - -
Other Liabilities - - - -
Deferred Long Term Liability Charges - - - -
Minority Interest - - - -
Negative Goodwill - - - -
Total Liabilities 4,357 4,382 4,503 4,116
Stockholders' Equity
Misc Stocks Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock - - - -
Common Stock 87 87 86 85
Retained Earnings (8,659) (8,452) (8,177) (7,842)
Treasury Stock - - - -
Capital Surplus 5,109 5,109 4,788 4,758
Other Stockholder Equity 151 (26) 68 (20)
Total Stockholder Equity (3,311) (3,281) (3,235) (3,018)
Net Tangible Assets (3,311) (3,281)
others companies other than China could be interested in SRSR:
Oxford Acquires Aley Creek Niobium Property, Northern BC
Vancouver, BC - March 17, 2014: Oxford Resources Inc. (OXI -- TSX.V) ("Oxford" or the "Company") is pleased to announce it has entered into an acquisition agreement (the "Agreement") with a syndicate of five property vendors (collectively, the "Vendors") pursuant to which the Company will purchase a 100% interest in the Aley Creek Niobium Property ("Aley Creek Property"), comprised of eight mineral claims (totaling approximately 8,304 acres) located in the Omenica Mining District of northeastern British Columbia, within the Western Foreland Belt of the Rocky Mountains 140 kilometers north of the town of Mackenzie.
Oxford President, Mitchell Adam states "The Aley Creek Project represents a very strategic acquisition for Oxford. Exploration completed on the property in 2013 indicates multiple anomalous exploration targets as well as similar geology bordering one of the world's largest undeveloped Niobium resources. An extensive work program is now being planned to explore this highly prospective property."
Oxford's Aley Creek Property is contiguous to and encircles the Aley Carbonatitite deposit owned by Taseko Mines Ltd. ("Taseko" TKO -- TSX), which is known to be one of the world's largest undeveloped Niobium ("Nb") resources. From 2011 - 2013, $25 million was spent on the neighboring Aley Carbonatite deposit on road construction, metallurgical work, minesite engineering and environmental studies. Results from the 2011 drilling returned mineralized drill intercepts that range to over 200 meters in length and showed highly continuous niobium mineralization close to surface. Mineralization is open in at least three directions and to depth (www.tasekomines.com/releases/ID540397). Taseko completed a resource estimate on the Aley Carbonatite Niobium Project estimating the deposit contained a measured and indicated resource of 286 Million tonnes grading 0.37 percent (%) Nb2O5 using a cut-off grade 0.2% Nb2O5. An additional 144 Million tonnes averaging 0.32 Nb2O5 is classed as inferred.
An assessment report prepared by Apex Geoscience Ltd. on Oxford's Aley Creek Property dated November 6, 2013; outlines that exploration work during 2013 consisted of 16 geochemical rock grab samples and 26 stream silt samples. The target areas were selected for favorable geology and geophysical anomalies. Stream silts returned anomalous values ranging from 0.54 to 0.89 ppm Niobium (Nb) and rock grab samples returned anomalous values ranging from 80.3 to 339.0 ppm Nb of which all the highest values were from carbonate Kechika group rocks.
Rare earth element ("REE") bearing lamprophyre and carbonatite dykes have intruded the Kechika formation. Based on the close spatial association of the Aley carbonatite there is the potential that REE bearing (including Nb) lamprophyre and carbonatite dykes may occur within Oxford's Aley Creek Property. Taseko's neighboring Aley Carbonatite is associated with prominent regional airborne magnetic high anomalies suggesting the potential for additional carbonatite-hosted REE mineralization to the northwest of the mapped exposures of the Aley Carbonatite within Oxford's Aley Creek Property.
A prominent magnetic high anomaly having the dimensions of approximately 2 x 2 km occurs within the Southern Aley Creek claim block. The anomaly lies on the west side of an east-verging thrust fault indicating the potential for a discovery of an additional blind carbonatite intrusion. The presence of Nb anomalies within the favorable geology found in Kechika group rocks and proximity of Taseko's Aley Carbonatite warrant further exploration. An exploration program is now being developed for the Aley Creek Property.
In consideration, the Company will issue an aggregate 5,000,000 common shares and the payment of $10,000 to the Vendors. The Agreement is subject to the approval of the TSX Venture Exchange.
Additionally, the Company has arranged a non-brokered private placement of 4 million units at $0.08 for gross proceeds of $320,000. Each unit will consist of one common share of the Company and one non-transferable warrant to purchase one additional share for $0.12 for a period of two years following the closing of the placement This placement is subject to the approval of the TSX Venture Exchange and finder's fees may be payable
Stephen Butrenchuk, P.Geo, a Qualified Person as defined under National Instrument 43-101, has reviewed the technical content of this release.
Oxford Aley Creek Property Map: http://www.oxfordres.com/i/maps/an/acn-overview-map.jpg
ABOUT OXFORD RESOURCES INC.
Oxford Resources Inc. is a Tier 2 natural resource company, listed on the TSX Venture Exchange, trading under the symbol OXI. The Company currently holds a 100% interest in the Aley Creek Niobium Property, located northeastern British Columbia, which encircles the Aley Carbonatitite deposit, which is known to be one of the world's largest undeveloped resources of Niobium. The Company owns an interest in the Chilcotin Belle property (formerly, the Tasco Claims) located in British Columbia. The property was recently optioned to Amarc Resources Ltd., as disclosed in the Company's news release dated December 13, 2013.
ON BEHALF OF THE BOARD OF DIRECTORS
OXFORD RESOURCES INC.
Mitchell Adam
President, Director
Tel: 604-343-4546
mitch@mgacapital.net
www.oxfordres.com
these financial, date March 2014, will give all of us solid knowledge of where SRSR is at this time. I feel good about the directions so far, because of the slow-down in China economy.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id...?
5 days ago - “Scott Keevil” .... with the assumption that the Company will be able to realize its .... company based in Hong Kong (referred to as "HKHE").
1
Sarissa Resources Inc.
Consolidated
Financial Statements
(
An
Exploration Company)
(Expressed in US
Dollars)
(
Unaudited)
Decem
ber
31
, 2013
2
SA
RISSA RESOURCES
INC.
Consolidated
Balance Sheets
(An Exploration Company)
Decem
ber
31
,
2013
(U
n
a
udited)
December
31,
2
012
(Unaudited)
ASSETS
Current
Assets
Cash
$
6,200
$
2,508
Accounts receivable
50,973
256,045
Prepaid expenses
10,178
61,469
Total Current Assets
67,351
320,022
Other
Assets
Mineral property interests(note 3)
751,500
777,732
Total Other
Assets
751,500
777,732
Total Assets
$
818,851
$
1,097,754
LIABILITIES AND STOCKHOLDERS’
EQUITY
Current
Liabilities
Bank Indebtedness
Accounts payable and accrued liabilities
Loans and advances (n
ote 4
)
D
ue
under option agreement (note 6
)
-
$
1,759,083
2,480,922
19,402
-
$
2,218,058
1,887,643
10,949
Notes payable
(note 5
)
Notes payable (note 6
)
-
-
Total
Current
L
iabilities
4, 259,407
4,115,650
Stockholders'
Equity
Common stock
, $0.0001 par value;
9
50,000,000 shares
authorized;
875,460,779
shares issued and
outstanding
(December 31, 2012
-
857,577,446
)
87,453
8
5,477
Warrants
(Note 8
)
71,176
71,176
Add
itional paid
-
in capital
5,108,927
4,
758,236
Accumulated other comprehensive income(loss)
96,822
(90,83
3
)
5,364,378
4,
824,05
6
Deficit accumulated during the exploration stage
(
8,804,934
)
(7,841,952
)
Total Stockholders’
Equity
(
3,440,556
)
(3,017,896
)
Total Liabilities and Stockholders’
Equity
$
818,851
$
1,097,754
Nature and c
ontinuance
of
operations (
n
ote
1
)
Commitmen
ts (note 9
)
Subsequent events (note 11
)
O
n behalf of the
Board
:
March 30
,
2014
“
Scott
Ke
evi
l
”
Director
“Benjamin A. Ward
”
Director
The accompanying notes are an integral par
t o
f these consolidated financial statements.
(Expressed in US Dollars)
3
SARISSA RESOURCES INC.
(An Exploration Stage Company)
Consolidated
St
atement of Stockholders’
Equity
For the period
from January 1, 2011
to December 31
, 2013
Number of
Shares
Common
Shares
Par value
$0.0001
Share
Warrants
Paid in
Capita
l
Cumulative
Foreign
Exchange
Translation
Adjustment
Deficit
Total
Deficiency
Balance, January 1, 2011
832,077,446
$ 82,895
$
-
$
4,321,964
$( 175,202
)
$(6,319,484
)
$
(
2,089,827
)
Transactions in y
ear
:
Issued for private placements
Issued for notes payable
Fair va
lue assigned for
Warrants(Note 8
)
Increase
in cumulative
foreign currency account
Loss for period
Balance, December 31, 2012
Transactions in period:
Issued for private placements
Issued for services
Shares cancelled
Increase
in cumulative
foreign
currency account
Loss for the Period
22,375,000
3,125,000
-
857,577,446
12,750,000
7
,500,000
(2
,366,,667
)
-
2,240
34
2
-
85,47
7
1,250
750
(24)
-
7
1,,1
76
-
71,176
-
445,260
62,188
(7
1
,
1
76
)
-
4,758,236
248,750
149,250
(47,309)
-
84,36
9
-
(90,83
3)
187,655
-
(1,522,468
)
(7,841,952)
( 962,
982
)
447,500
62,530
84,36
9
(
1,522,468
)
(
3,017,89
6)
250,000
15
0,000
(47,333)
187,655
( 962,982
)
Balance,
Decem
ber
31
2013
8
75
,460,779
$
87,453
71,176
5,108,927
$
96,822
$(8,804,934
)
$
(3,440,556
)
T
he accompanying notes are an integral part of these consolidated financial statements.
(Expressed in US Dollars)
process in NEB:
TSX.V:
NB
OTCQX:
NIOBF
FSE:
BR3
"I feel honored to be associated with the best
potential niobium resource in the United States and I look
forward to helping bring this resource into production; offering our country's steel companies a domestic
source of niobium."
-
Mark
A. Smith
-
NioCorp CEO
ELK CREEK, NEBRASKA
–
NIOBIUM
DEPOSIT
Elk Creek is an advanced
development project with
over 53
,000 meters of drilling
.
The geological
formation
compares favorably to the 3 existing
producers who all experience very healthy profit
margins
.
Niobium prices remain very stable and averaged
approximately $42 per kilogram
in 2013
.
Project
Highlights:
NioCorp is developing North America's highest grade, large
tonnage Niobium
project
-
Elk Creek, Nebraska
?
Verified Mineral Deposit
–
NI 43
-
101 Resource Report *
Resource
Classification
Tonnage
Nb
2
O
5
Grade
Contained Oxide
(Kg) Nb
2
O
5
Nb
2
O
5
%
Cutoff
Indicated
19,319,000
.67%
129,182,000
0.40%
Inferred
83,288,000
.63%
523,844,000
0.40%
?
Key Personnel Added
–
Mark A. Smith
-
CEO
(
former CEO of Molycorp
)
&
Tony Fulton
(
former State Senator in
Nebraska
)
?
State & Community Support
–
Overwhelming support from Elk Creek and Nebraska
n
population and politicians
?
Infrastructure
–
Excellent existing roads, power, water and rail on site
?
Only
Niobium deposit in America
*
-
April 2012, NI 43
-
101 Resource Report, comp
leted by Tetra Tech
This report contains forward looking statements. These statements include, but are not limited to, statements with respect t
o the completion of an updated resource estimate, the commencement of a preliminary economic assessment study and
management’s expe
ctation that the results of these studies will confirm the potential of the Elk Creek Project. Specifically, any statements
regarding the potential increase of the Company’s inferred resource at the Elk Creek Project and the goals
and objectives of the Co
mpany are by their nature forward looking information. Resource estimates, unless specifically noted, are considered specula
tive. The Company has filed a National Instrument 43
-
101 report on the Elk Creek Project. Any
and all other resource or reserve e
stimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve known
and unknown risks and uncertainties because they relate to events and depend on factors
that will or may occur in the future. Actu
al results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchan
ge rates, and, but not limited to, general economic factors. Other factors may
cause the Company’s actual results, performance or a
chievements to be materially different from any future results, performance or achievements expressed or implied by the state
ments
Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain t
erms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be
economically and legally producible under existing economic and operating conditions.
TSX.V:
NB
OTCQX:
NIOBF
FSE:
BR3
2014
ELK CREEK
PROJECT MILESTONES:
METALLURGICAL
OPTIMIZATION
-
INFILL
DRILLING
-
FEASIBILITY
STUDY
Demand
?
A
nnual
demand is 8
0,000
–
100,000
tonnes
a 3
-
4 billion dollar market
and growing at 4%
-
6% per year
?
China uses a substandard amount of Niobium in steel relative to the developed
world
?
China is the fastest
-
growing market for
N
iobium
, yet has no
Niobium
deposits
?
2011
Chinese steel companies
purchase
d
15% of CBMM for $1.95 Billion reflects their
supply
concerns
Supply
?
Only three
producers
(CBMM
~
84%,
Anglo American
~
6%
,
IAMGOLD
’s
Niobec
~
9%)
?
Very Stable prices due to l
imited number of suppliers
-
$42 a Kg average in 2013
?
No new production since 1976
and
limited
potential
development projects
About Niobium (Nb)
U
sed as an alloy primarily to produce High Strength Low Alloy steel
(HSLA)
DIRECTORS AND MANAGEMENT
Mark A. Smith,
CEO, Director
Casey Forward,
CGA, CFO
Peter Dickie,
President, Director
Tony Fulton, P.E.
, Advisor
Claude Dufresne
, Director
James Reynolds,
Chemical Engineer, Advisor
David Beling,
P.E.
,
Director
David Shoemaker,
Mining Engineer, Advisor
Erin Chutter,
Director
SHARE INFORMATION
Issued: 1
19
.
3 M
–
Warrants: 3.0M
–
Options: 8
.
7
M
Fully Diluted:
131
M
-
Market Cap
~$23
M
C
ontact
Information
NioCorp
Developments Ltd.
1050 West Pender Street, Suite 1510
Vancouver, BC V6E 3S7
Telephone 604.568.7365 or 1.877.385.0345
Email: info@NioCorp.com
Niobium
P
roperties
?
Strengthens & Lightens Steel
?
Corrosive Resistant Steel
?
High Temperature Tolerant
Main Niobium Uses
?
Automotive
–
Weight and Fuel Savings
?
Construction Projects
–
Bridge
s &
Buildings
?
Oil & Gas Pipelines (no substitutes available)
?
Superalloys
–
MRI, Jet Thrusters
$9 of Niobium added to a mid
-
sized
automobile reduces its weight by
100kg
,
increasing fuel efficiency by
5%
Source: World Steel Association
The Millau Viaduct in France was built using steel with .025%
Niobium. This red
uced the weight of the steel &
concrete by 60%
where are others?
Vancouver, British Columbia – March 20, 2014 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX-V: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce the final closing of its non-brokered private placement, (see news release January 15, 2014 and March 3, 2014). The Final Tranche closing consisted of the issuance of a total of 5,856,608 common shares at a price of $0.20 per common share to 15 placees, for gross proceeds of $1,171,321. Together with the first tranche closing, the Company issued a total of 18,860,668 shares, for gross proceeds of $3,772,133.
Insider Group participation in the Final Tranche included three subscribers for a total of 3,432,483 common shares, including Mark A. Smith, CEO, who subscribed for a total of 2,882,483 shares, increasing his share holdings to a total of 9.46% of the issued and outstanding shares of the Company. Also participating were Casey Forward, CFO, for 300,000 shares, and Peter Dickie, President, for 250,000 shares. In connection with the closing of the Final Tranche, the Company will pay finder’s fees totalling $11,550.
All securities issued under the Final Tranche are subject to a hold period expiring, July 20, 2014, being four months and one day from the date of issuance. The proceeds of the Private Placement will be used to conduct additional resource definition and technical studies to further develop the Company’s Elk Creek Niobium project and for general working capital.
Together with the funds raised in late 2013, the company has now raised in excess of $5.5 million, providing adequate capital to allow for implementation of the Company’s development plans at Elk Creek. A further news release will be issued in the coming days detailing various aspects of the planned work programs.
“We are very pleased to have raised this capital in otherwise difficult market conditions. This funding will allow for a dramatic increase in the technical work necessary to advance the Elk Creek niobium deposit,” said Mark Smith, CEO. “We look forward to announcing the results of ongoing corporate planning, including scheduled work programs and start dates in the near future.”
About the Company: NioCorp are developing the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America, located near Elk Creek, Nebraska. The Company has published an NI 43-101 resource of 19.3 Million tonnes grading 0.67% Indicated, containing over 129,182 tonnes of Nb2O5, and 83.3 Mt grading 0.63% Inferred, containing over 523,844 tonnes of Nb2O5). Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries. The U.S. imports 100% of its niobium needs.
For further information, contact the Company at (604) 568-7365 or at www.NioCorp.com
ON BEHALF OF THE BOARD
“Peter Dickie”
Peter Dickie
Director, President and Corporate Secretary
THIS IS AN UPDATE ON ANOTHER NIOBIUM MINE, AND IT'S WHAT WE SHOULD EXPECT ?
Cradle Resources Limited
Level 7, 1008 Hay Street
Perth WA 6000
T
+61 8 9389 2000
F
+61 8 9389 2099
E
admin@cradleresources.com.au
www.cradleresources.com.a
u
14 January 2014
ASX Release
ASX Code: CXX
, CXXO
PROJECT UPDATE
–
PANDA HILL NIOBIUM PROJECT
Highlights
?
Scoping Study
on track for completion in January 2014
?
Scoping study is
anticipated
to be
in line with expectations
?
Pre
-
feasibility will commence early 2014 with completion expected in third quarter 2014
Cradle Resources Limited (ASX: CXX
, CXXO
) (
Cradle
or
Company
) is pleased to announce that
the
scoping study
of the Panda Hi
ll Niobium Project is running ahead of
schedule
with the Scoping Study
Report expected to be delivered by the lead consultant
during
January 2014
.
Since the last project update, Coffey Mining
has
delivered
the Mineral R
esource St
atement for the
project,
along with a
preliminary
pit optimisation
and schedule. SGS Lakefield has completed
a
mineralogical
study on the major material types
,
and undertaken
preliminary flotation
testwork on the
primary ore material
types.
Lycopodium has
used
these results to
develop the process flowsheet and
define the design criteria.
Equipment sizing, a plant layout and infrastructure site layout has been completed
,
including the
preliminary design of the tailings storage facility. All of these items have been costed and th
e capital
cost
estimate
for the project is being developed.
No critical issues have been flagged in the study to
date.
The
Environmental and Social Impact Assessment (ESIA) has been
progressed with the preliminary
documentation delivered to the
Tanzanian
National Environmental Management Council
for their
review. Upon their approval the baseline studies will be initiated early next year
.
The Cradle team is now focused
on finalis
ing the reporting and has started preparing the
documentation for the Prefeas
ibility Study so that there can be a smooth transition between the
phases.
Cradle Resources Limited
Level 7, 1008 Hay Street
Perth WA 6000
T
+61 8 9389 2000
F
+61 8 9389 2099
E
admin@cradleresources.com.au
www.cradleresources.com.a
u
Table 1:
Scoping Study
Timeline (progress shown in green)
The
list of
Scoping Study
deliverables that have either
been completed
or are at a well advanced stage
are shown in Table 2. All pending documentation is expected with the next
few days allowing the final
Scoping Study Report to be issued by the end of January.
Consultants for Panda Hill Niobium Project
Deliverable
Consultant
Status
?
Mineral Resource Statement
Coffey
Completed
?
Mine Plan & Schedule
Coffey Mining
Completed
?
Process Flowsheet
SGS / Lycopodium
Completed
?
Cost Estimates
Lycopodium
Completed
?
Project Execution Plan
Lycopodium
Pending
?
Financial Model
Penrita
Pending
?
Scoping Study Report
Lycopodium
Pending
?
Table 2: Scoping Study Deliverables
A high level
project schedule for the Prefeasibility and Feasibility Studies is shown in Table 3. The
Prefeasibility Study will focus on drilling out the resource along with some exploratory work,
metallurgical testwork and advancing the ESIA.
Panda Hill Niobium Project
.
Study Activities
Target
End
Date
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
March
?
Study Kick
-
off
01/07
/2013
?
Resource Drilling
Program
04/09
/2013
?
Core sampling &
assaying
04/10/2013
?
Geology & Mine
Planning
30/11/2013
?
Metallurgical
Testwork
30/11
/2013
?
Engineering
19/12/2013
?
Reporting
31/01/2014
?
Study
Complete
31/01/2014
LISTENING WITHOUT REPLY IS NIOBIUM:
Steel spurt to lift demand for critical metal niobium
Posted
on
January
15,
2014
by
Robin
Bromby
Steel production is going to have another good year, says Deutsche Bank. And that means a good
year for iron ore
—
and particularly for those meta
ls used in its manufacture, manganese and
especially niobium.
Last year Geoscience Australia combined and averaged out all the various critical metals ratings
(those done by the U.S., Britain, the European Commission and by South Korea and Japan) and found
that niobium was the seventh most critical metal (after rare earths, gallium, indium, tungsten,
platinum group metals and cobalt). The U.S. is 100% import
-
dependent on the metal.
Deutsche Bank’s new steel report says that, after strong production growth i
n global
steel
of 4.3% in
2013, driven by better than expected Chinese production of about 9%, it is forecasting an even
stronger year in 2014 with production growth of 4.8%. This will be driven by a rebound in European
production, with a 3.5% growth, afte
r a 2% decline in 2013. The European rebound, combined with
improvements in other regions such as Brazil, Russia and India, should more than offset the slowing
momentum in Chinese production growth.
You have to add only about 200 grams of niobium to 1 tonn
e a steel to make it stronger. This means
that many steel users, particularly automobile makers, can use less steel (and therefore reduce
weight) to achieve the same length level of structural strength.
The trend is niobium’s friend: with demand for higher
quality steels rising as a proportion of all steel
demand, so the need for niobium has increased as a faster rate than steel output. Niobium demand
rose 11% in 2011. China accounts for more than 25% of world demand and this proportion will rise
as it move
s more toward alloy steel output.
Nobium is an interesting market because it is still controlled by Brazil, which produces 63,000 tonnes
of the 69,000 tonnes mined annually (2012 figures), with Canada providing another 5,000 tonnes. A
Japanese
-
South Korean
consortium and a Chinese consortium have each acquired a stake in the
largest Brazilian mine, Araxa, owned Companhia Brasileira de Metalurgia e Mineração (CBMM). A
subsidiary of Anglo American is the other Brazilian producer.
The third largest producer is
Niobec, owned by Canada’s IAMGold. Ferro
-
niobium, which Niobec
produces, is sold directly to global steel mills and is used as an alloy to harden steel products
(especially aerospace applications). The Niobec underground mine has been operating for more t
han
30 years, producing about 8% of global use.
Interesting last reply here?at least SRSR is represented???The trend is niobium’s friend: with demand for higher quality steels rising as a proportion of all steel demand, so the need for niobium has increased as a faster rate than steel output. Niobium demand rose 11% in 2011. China accounts for more than 25% of world demand and this proportion will rise as it moves more toward alloy steel output.
Nobium is an interesting market because it is still controlled by Brazil, which produces 63,000 tonnes of the 69,000 tonnes mined annually (2012 figures), with Canada providing another 5,000 tonnes. A Japanese-South Korean consortium and a Chinese consortium have each acquired a stake in the largest Brazilian mine, Araxa, owned Companhia Brasileira de Metalurgia e Mineração (CBMM). A subsidiary of Anglo American is the other Brazilian producer.
The third largest producer is Niobec, owned by Canada’s IAMGold. Ferro-niobium, which Niobec produces, is sold directly to global steel mills and is used as an alloy to harden steel products (especially aerospace applications). The Niobec underground mine has been operating for more than 30 years, producing about 8% of global use.
But here’s the amazing fact: no new niobium projects have entered production since 1976 notwithstanding the favourable price and demand situation for the metal. Outside the three existing producers, there are no new niobium projects currently financed or under construction.
But the Chinese are clearly keen to find new sources. In 2011 East China Mineral Exploration and Development Bureau took a 51% in Australia’s Globe Metals & Mining (ASX:GBE). Today Globe reports it has completed the bulk sampling program at its Kanyika niobium project in Tanzania and the 40 tonnes mined has now arrived in China. The company is planning a demonstration plant to be built at the Guangzhou Research Institute for Non-Ferrous Metals. Globe’s project has suffered several delays in the bulk sampling, and now will experience another one as work will grind to halt as the Chinese New Year looms.
The other Tanzanian development this month will be the final scoping study completed at the Panda Hill project, owned by Cradle Resources (ASX:CXX). Work has been completed on pit design and flotation tests on primary ore.
But probably the closest to getting into the game is Alkane Resources (ASX:ALK) which has niobium as part of its Dubbo zirconium-rare earths project in New South Wales, Australia. Six months ago the company signed a framework agreement with Austria’s Treibacher Industrie for the production and marketing of ferro-niobium. Treibacher is an international metal alloy and chemical products company. Alkane is expecting by 2016 to be producing 3,000 tonnes a year of ferro-niobium (along with 16,000 tonnes of zirconium and 4,900 tonnes of rare earth oxides.
Other players include NioCorp (TSX.V: NB) which says it has the only known niobium project to be under development in the U.S., located near Elk Creek, Nebraska.
Endurance Gold (TSX.V:EDG) has the Bandito rare earth-niobium project in the Yukon, and the list of niobium hopefuls includes Pacific Wildcat (TSX.V:PAW) and Commerce Resources (TSX.V:CCE), the latter having the tantalum-niobium deposit in British Columbia.
Copyright © 2014 ProEdge Media Corp. All rights reserved. More & Disclaimer »
This entry was posted in Cleantech Intel, Market Commentary Intel, Rare Earth & Technology Metals Intel, Uncategorized by Robin Bromby. Bookmark the permalink.
Robin Bromby
About Robin Bromby
Robin Bromby is a journalist, author and sometime publisher who has had titles issued by mainstream publishers, including Doubleday, Simon & Schuster and Lothian Books. Robin began as a cadet journalist in 1962 with The Dominion, the morning paper in Wellington, New Zealand. He also worked for the NZ Broadcasting Corporation, TV1, the South China Morning Post, The Herald (Melbourne), the Sunday Times (Wellington), The National Times (Sydney) and, since 1988, he has been first a staff reporter and now columnist for The Australian and has been a Senior Editor for InvestorIntel since the onset.
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Sunnyvale on January 15, 2014 at 2:32 PM said:
Fun Fact: NioCorp has a new CEO, Mark Smith.
Reply ?
David Mills on March 13, 2014 at 3:27 PM said:
G’Day Robin,
It seems Sarissa Resources should be the 500 lb gorilla in the Niobium playground (Nemagosenda Lake Ontario). Gulf Oil discovered it in the 50's and it lay dormant till 2008 when Scott Keevil became CEO. Having possession of a rich niobium deposit in a stable country, at surface and open to depth, lots of TREO, near roads and infrastructure, no overburden, and locals willing to work, why is this not hitting anyone’s radar screen? Just so you know this is a real question and not a setup. What does an experienced author like you, well versed in the mining industry, need to see from a project in order to hit your awareness and add it to a list like the one above?
TIA- Dave
Reply ?
- See more at: http://investorintel.com/technology-intel/steel-spurt-lift-demand-critical-metal-niobium/#sthash.tuJmpjd6.TL7jSqsK.dpuf
The Deutsche Bank, should be made aware of SRSR.
Steel spurt to lift demand for critical metal niobium
Posted on January 15, 2014 by Robin Bromby
Steel production is going to have another good year, says Deutsche Bank. And that means a good year for iron ore — and particularly for those metals used in its manufacture, manganese and especially niobium.
Last year Geoscience Australia combined and averaged out all the various critical metals ratings (those done by the U.S., Britain, the European Commission and by South Korea and Japan) and found that niobium was the seventh most critical metal (after rare earths, gallium, indium, tungsten, platinum group metals and cobalt). The U.S. is 100% import-dependent on the metal.
Deutsche Bank’s new steel report says that, after strong production growth in global steel of 4.3% in 2013, driven by better than expected Chinese production of about 9%, it is forecasting an even stronger year in 2014 with production growth of 4.8%. This will be driven by a rebound in European production, with a 3.5% growth, after a 2% decline in 2013. The European rebound, combined with improvements in other regions such as Brazil, Russia and India, should more than offset the slowing momentum in Chinese production growth.
You have to add only about 200 grams of niobium to 1 tonne a steel to make it stronger. This means that many steel users, particularly automobile makers, can use less steel (and therefore reduce weight) to achieve the same length level of structural strength.
- See more at: http://investorintel.com/technology-intel/steel-spurt-lift-demand-critical-metal-niobium/#sthash.tuJmpjd6.dpuf
Session A47: Superconducting Devices and Applications
8:00 AM–11:00 AM, Monday, March 3, 2014
Room: Mile High Ballroom 4F
Sponsoring Unit: DCMP
Chair: Neda Foroozani, Washington University
Abstract ID: BAPS.2014.MAR.A47.9
Abstract: A47.00009 : Doping optimization for ultra-high quality factor superconducting niobium cavities for particle acceleration
9:36 AM–9:48 AM
Preview AbstractMathJax On | Off Abstract
Authors:
Alexander Vostrikov
(University of Chicago / Fermilab)
Alexander Romanenko
(Fermilab)
Anna Grassellino
(Fermilab)
Young-Kee Kim
(University of Chicago)
Increasing quality factor of the fundamental mode in superconducting radio frequency (SRF) niobium cavities is vital for development of the future particle accelerator facilities, i.e. LCLS-II, Project X, ERLs, and ADS for nuclear energy and waste transmutation, since it directly affects the dissipated power in cavity walls. It has been discovered that doping of certain concentration of nitrogen into the surface of superconducting niobium significantly improves the quality factor of SRF cavities. We report the results of the nitrogen doping optimization guided by diffusion model and present two surface treatment procedures that allow achieving optimal value of nitrogen concentration at the surface of cavity: one with electropolishing required, another one without it.
To cite this abstract, use the following reference: http://meetings.aps.org/link/BAPS.2014.MAR.A47.9
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HOW MUCH NIOBIUM WILL BE USED IN 2014?
Steel spurt to lift demand for critical metal niobium
Posted on January 15, 2014 by Robin Bromby
Steel production is going to have another good year, says Deutsche Bank. And that means a good year for iron ore — and particularly for those metals used in its manufacture, manganese and especially niobium.
Last year Geoscience Australia combined and averaged out all the various critical metals ratings (those done by the U.S., Britain, the European Commission and by South Korea and Japan) and found that niobium was the seventh most critical metal (after rare earths, gallium, indium, tungsten, platinum group metals and cobalt). The U.S. is 100% import-dependent on the metal.
Deutsche Bank’s new steel report says that, after strong production growth in global steel of 4.3% in 2013, driven by better than expected Chinese production of about 9%, it is forecasting an even stronger year in 2014 with production growth of 4.8%. This will be driven by a rebound in European production, with a 3.5% growth, after a 2% decline in 2013. The European rebound, combined with improvements in other regions such as Brazil, Russia and India, should more than offset the slowing momentum in Chinese production growth.
You have to add only about 200 grams of niobium to 1 tonne a steel to make it stronger. This means that many steel users, particularly automobile makers, can use less steel (and therefore reduce weight) to achieve the same length level of structural strength.
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The trend is niobium’s friend: with demand for higher quality steels rising as a proportion of all steel demand, so the need for niobium has increased as a faster rate than steel output. Niobium demand rose 11% in 2011. China accounts for more than 25% of world demand and this proportion will rise as it moves more toward alloy steel output.
Nobium is an interesting market because it is still controlled by Brazil, which produces 63,000 tonnes of the 69,000 tonnes mined annually (2012 figures), with Canada providing another 5,000 tonnes. A Japanese-South Korean consortium and a Chinese consortium have each acquired a stake in the largest Brazilian mine, Araxa, owned Companhia Brasileira de Metalurgia e Mineração (CBMM). A subsidiary of Anglo American is the other Brazilian producer.
The third largest producer is Niobec, owned by Canada’s IAMGold. Ferro-niobium, which Niobec produces, is sold directly to global steel mills and is used as an alloy to harden steel products (especially aerospace applications). The Niobec underground mine has been operating for more than 30 years, producing about 8% of global use.
But here’s the amazing fact: no new niobium projects have entered production since 1976 notwithstanding the favourable price and demand situation for the metal. Outside the three existing producers, there are no new niobium projects currently financed or under construction.
But the Chinese are clearly keen to find new sources. In 2011 East China Mineral Exploration and Development Bureau took a 51% in Australia’s Globe Metals & Mining (ASX:GBE). Today Globe reports it has completed the bulk sampling program at its Kanyika niobium project in Tanzania and the 40 tonnes mined has now arrived in China. The company is planning a demonstration plant to be built at the Guangzhou Research Institute for Non-Ferrous Metals. Globe’s project has suffered several delays in the bulk sampling, and now will experience another one as work will grind to halt as the Chinese New Year looms.
The other Tanzanian development this month will be the final scoping study completed at the Panda Hill project, owned by Cradle Resources (ASX:CXX). Work has been completed on pit design and flotation tests on primary ore.
But probably the closest to getting into the game is Alkane Resources (ASX:ALK) which has niobium as part of its Dubbo zirconium-rare earths project in New South Wales, Australia. Six months ago the company signed a framework agreement with Austria’s Treibacher Industrie for the production and marketing of ferro-niobium. Treibacher is an international metal alloy and chemical products company. Alkane is expecting by 2016 to be producing 3,000 tonnes a year of ferro-niobium (along with 16,000 tonnes of zirconium and 4,900 tonnes of rare earth oxides.
Other players include NioCorp (TSX.V: NB) which says it has the only known niobium project to be under development in the U.S., located near Elk Creek, Nebraska.
Endurance Gold (TSX.V:EDG) has the Bandito rare earth-niobium project in the Yukon, and the list of niobium hopefuls includes Pacific Wildcat (TSX.V:PAW) and Commerce Resources (TSX.V:CCE), the latter having the tantalum-niobium deposit in British Columbia.
- See more at: http://investorintel.com/technology-intel/steel-spurt-lift-demand-critical-metal-niobium/#sthash.gSn0sflL.dpuf
news 2013:
Introduction of ECE
·Statement about ECE’s Business in Namibia ·The Resource Investment Fund of ECE Held a Press Conference in Beijing for the Establishment of the Fund ·ECE Discusses with Namibian Government on the Exploration and Development Plan of the Large Iron Deposit ·Letter of Intent was executed between ECE and TNG ·ECE’s affiliate--China Africa Resources Plc was admitted to AIM of London Stock Exchange
[Current Position]:Home > Content Thu, Oct 24, 2013 12:30:53 PM
Another Successful International Acquisition
——ECE receives Overwhelming Shareholder Support for its transaction to subscribe for 51% shares of GBE
The Extraordinary General Meeting (EGM) of Globe Metals & Mining Ltd (GBE) was held in Perth in the morning of April 12th, 2011, for a decision on the investment proposal made by ECE to acquire 51% shares of GBE. The EGM was attended by Mr. Shao Yi, Chairman of the ECE Board who also led the ECE team, GBE shareholders from all over the world, the counsel, and media representatives.
At the EGM, Mr. Mark Sumich, the incumbent Chairman of GBE, announced that GBE shareholders overwhelmingly approved the resolution in which ECE puts A$47.85m investment in GBE and becomes its majority shareholder. With 44.8% of GBE shareholders participated (45.6m shares of 101.8m), 41.3m shares voted in favor of the transaction. . That means, the transaction will be finally settled after six months of difficult negotiations.
Before the closing of the EGM, the ECE Chairman, Mr. Shao Yi made a speech during which he stated that ECE would work at enhancing the value of GBE, which will result in GBE developing better and quicker. After his speech, the venue broke into a prolonged applause.
GBE is an African-focused resource company with its Kanyika niobium project, Machinga rare earth project, Salambidwe rare earth project, Livingstonia Uranium Project in Malawi, and a prospective rare earth and fluorite project in Mozambique. GBE’s main focus is the multi-commodity Kanyika niobium project, which will commence production of ferro-niobium in 2013 with 55.3m and approximately 3,000tpa of ferro-niobium production.
Niobium, as a kind of rare metals, is a key additive in sophisticated steels. It is worth noting that Brazil supplies over 90% of the world’s niobium, and China rapid industrialization could not have taken place without sufficient supply of this critical input into sophisticated (specialised) steels. Thus, since 2005 China has become a big consumer of niobium with a serious deficiency of niobium supply. What is even worse is that steel enterprises from Japan, South Korea and other countries have made strategic decisions to acquire niobium resources to ensure its high-profit production of sophisticated steels. All these factors have made the development of China's steel industry difficult.
By investing A$47.85m to acquire 51% shares of GBE at a price of A$0.405 per share, ECE will become the first exploration bureau who owns a foreign listed mining company. Meanwhile, this transaction will also ensure the stable raw materials supply for ferro-niobium industries, therefore effectively enhance the international competitiveness of sophisticated steel products.
1?Mr. Shao Yi, Director General of ECE gave a speech on the EGM of GBE
2?Mr. Shao Yi, Director General of ECE gave a speech on the EGM of GBE
3?piture between Mr. Shao Yi, Director General of ECE and Mr. Mark Sumich, Executive Chairman of GBE after the EGM voting
4?group picture of Mr. Shao Yi, Director General of ECE, Mr. Xu Jianrong, Deputy Director General of ECE, and Mr.Mark Sumich, Executive Chairman of GBE
?Print??Close?
Copyright © 2008 Eastern China Geological & Mining Organization For Non-Ferrous Metals. All Rights Reserved
Tel:(+86) 25 84688128 Fax:(+86) 25 84688128
Joshua Gold Resources Inc. Acquisition, Exploration & Corporate Update
TORONTO, Jul 12, 2013 (Marketwired via COMTEX) -- JOSHUA GOLD RESOURCES INC. (OTCQB: JSHG)
Cree Lake The Company has acquired the Cree Lake Project, a 9,647 acre (~3,904 hectare) group of 18 mineral claims, within Swayze Township. According to Mantis Minerals Corp 43-101 Technical Report, "recent drilling intersected a volcanic hosted, quartz stockwork system carrying significant gold values along substantial drill hole widths, which include a 15.5 meter interval averaging 2.05 g/t Au from hole CL096. The zone comes to surface and represents excellent open pit potential for a bulk gold tonnage deposit. Follow up trenching west of hole CL096 exposed a 50 meter length of intermittent quartz veining and shearing over a 10 meter width. Grab samples within this zone yielded significant gold values ranging from 0.61g/t to 43.2 g/t, with an average of 6.47 g/t. (Hawke, 2012)".
The Cree Lake Claims are host to the prolific Flint Rock showing, which has demonstrated gold values in drill results as high as 20.07 oz/t (Ontario Geological Survey, 1994). Details of the acquisition are available in the Company's Securities and Exchange Commission Form 8-K Filing Dated June 25, 2013. Cree Lake - Form 8-K
The Cree Lake Property adds to the strategic land base in Swayze Township and completes the Company's land acquisitions surrounding the former producing Kenty Gold Mine. The Company now controls over 63,137 contiguous Acres (~25,551 Hectares or ~98.65 sq. miles) of Property, central to Iamgold's Cote Lake Deposit at 8,700,000 ounces Au (indicated and inferred) to the East and Probe Mines' Borden Lake Deposit at 4,300,000 ounces Au (indicated and inferred) to the West. The entire Property is now referred to as the Swayze Property. For an updated map please follow the link Swayze Property Map
Fred Sharpley BA Sc. P.Geo - Appointed as Independent Geologist The Company has appointed Fred Sharpley BA Sc. P.Geo, as Independent Geologist for the project. Fred has over 50 years experience as a professional geologist since graduating from the University of Saskatchewan. He has been directly involved in exploration for gold, silver, base metals and uranium in Canada, Mexico, Central America and Africa. Fred worked for the Keevil Mining Group (now Teck Resources) for nine years in exploration and as a mine Geologist, starting the Temagami Copper Mine and has assisted several junior and senior mining companies over the years, including most recently, Detour Gold Corp.
Exploration Update The Company has received a NI 43-101 Technical Report, complete with recommendations for a work program on the sections of the Swayze Property of the Kenty Gold Mine, and the Mortimer Claims. The Company has released a copy of the report and its recommendations on its website. To date, significant progress in understanding of the Property has been made, with initial findings confirming the potential for a bulk gold tonnage model, as gold mineralization has been discovered in secondary veins never before considered, ranging from trace to 5.49 gpt Au, assayed as a grab sample in part of a recent surface mapping program.
Corporate Update The Company has received an independent legal report from Ricketts Harris LLP of Toronto, Partner Allan Sternberg, which confirms the Company's valid option agreement to the historically producing Kenty Gold Mine, an ~899 acre set of patented claims within the overall Kenty Property. As previously stated, the Company believes the legal proceeding against it to be without merit. To receive a copy of the report, please contact the Company.
The Company's shares are now DTC eligible and can be settled electronically.
On Behalf of the Board of Directors,
Benjamin A. Ward President & CEO
Fred Sharpley, P.Geo is an independent geological engineer and is a "Qualified Person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
Cautionary Note Regarding Forward-Looking Statements
Safe Harbor:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
Contact Information
Merle Goertz
1 877 354 9991
Email Contact
SOURCE: Joshua Gold
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=3AB3776E38F0B465
(C) 2013 Marketwire L.P. All rights reserved.
-0-
SUBJECT CODE: Environment:Natural Resource Management
OPEN-PIT NIOBUIM MINING:
http://www.tasekomines.com/home
PICTURES - WHAT COULD BE?
http://vimeo.com/54797362
to know costs and comparable:
http://www.iamgold.com/files/presentations/PDAC%202012%20-%20Niobec%20Overview.pdf
Raw materials
Mineração Catalão, Aerial view of Catalão plant (Ruy George Fischer)
The primary mineral from which niobium is obtained is known as pyrochlore. The world's largest deposit is located in Araxá, Brazil and is owned by Companhia Brasileira de Metalurgia e Mineração (CBMM). The reserves are enough to supply current world demand for about 500 years, about 460 million tons. The mining of weathered ore, running between 2.5 and 3.0% Nb2O5, is conducted by simple open pit mining without the need for drilling and explosives. Approximately 85 to 90% of the niobium industry obtains its niobium ores from sources other than those associated with the mining of tantalum-containing ores.
Another pyrochlore mine in Brazil is owned and operated by Mineração Catalão de Goias and contains 18 million tonnes at 1.34% niobium oxide. The third major deposit of pyrochlore being actively mined is the Niobec Mine in Quebec, Canada, owned by Camet Metallurgy, with reserves of 18 000 tonnes.
In all three facilities, the pyrochlore mineral is processed by primarily physical processing technology to give a concentrate ranging from 55 to about 60% niobium oxide.
These three companies produce about 85% of the world's demand for niobium products, with most of that output being in the form of ferro-niobium with a nominal 60% niobium oxide content, for making high-strength, low-alloy steel.
Columbite, a mineral with a ratio of Nb2O5:Ta2O5 ranging from 10:1 to 13:1, occurs in Brazil, Nigeria, and Australia, also other countries in central Africa. Niobium is recovered when the ores are processed for tantalum.
Niobium is also found, in very small quantities, in the slags produced from the smelting of some tin ores.
Extraction/refining
Cambior, Ferroniobium production (Rachelle Bergeron)Two separate processing schemes are utilized for niobium production. Those companies that mine pyrochlore convert the niobium oxide units into HSLA ferro-niobium through the aluminothermic reduction process or by reduction in an electric arc furnace. CBMM has installed capacity for the production of a high purity oxide that can be used to produce vacuum grade ferro- and nickel-niobium as well as niobium metal ingots via electron beam refining.
The use of columbite and tantalum-bearing ores, such as tantalite, as feedstocks results in the necessity to process these materials chemically as described in the tantalum section. The purified niobium-containing process stream is generally converted to niobium hydroxide by the introduction of ammonia, followed by washing, filtration, and calcining to the oxide. Purities exceeding 99.99% can be achieved.
Niobium oxide (Nb2O5) is generally the starting chemical for the production of other compounds, such as niobium chloride (NbCl5), niobium carbide (NbC), or lithium niobate (LiNbO3). Niobium metal is produced by the aluminothermic reduction of the oxide followed by electron beam refining. Niobium powders can be produced by the reduction of potassium niobium heptafluoride (K2NbF7) with sodium, or by the reduction of niobium oxide with magnesium.
The various metallurgical products are generally produced from electron beam or vacuum arc melted niobium ingot. Double and triple melt ingots achieve a very high level of purification with respect to metallics and interstitial elements. Ingots are used to produce niobium alloys such as niobium-1% zirconium, niobium-titanium, C-103, Inconels, and others.
Several capacitor manufacturers are developing capacitors using niobium metal powder or niobium oxide, and these models are gradually being brought to the market.
Niobium Page Content
Niobium is relatively lightweight and can maintain its strength at elevated temperatures and is used extensively in aerospace equipment and missiles. It is often used as an alloying agent to improve the strength of specialty steels and other metals.
Niobium is a ductile metal that exhibits excellent corrosion resistance to liquid metal. Niobium superconducts at low temperatures and has the melting point of 2477°C (4491°F).
Niobium is used in the following markets and end uses:
Aerospace
Mining
Alloy Additive
Oil & Gas
Automotive
Jet & Turbine Engines
Cutting Tools
Wire
Magnetic Resonance Imaging (MRI)
Superconducting
ATI Wah Chang produces Niobium alloys in the following forms:
Bar
Rod
Billet
Tube
Chips
Sheet
Foil
Strip
Powder
Wire
Precision Machined Components
ATI Designation Applications Specifications
Niobium (Type 1)UNS R04200 Used in jewelry, super-abrasives, thin film deposition (glass), high-energy physics, springs and superconducting magnets for aerospace, consumer, electronics, medical and superconducting applications. ASTM B393, B394; and Custom
Niobium (Type 2)UNS R04210 Used in jewelry, super-abrasives, thin film deposition (glass), high-energy physics, alloy additive and steel pickling for consumer, medical and superconducting applications. ASTM B393, B394
ATI Nb1Zr™ Alloy (Type 3 & 4)
UNS R04261 Used in fuel cells, sodium vapor lamps, super-abrasives, reactor heat pipes, high-energy physics, thermal couplings in aerospace, electronics, nuclear power and superconducting applications. ASTM avg. 3
ATI C103™ Alloy
UNS R04295
Used in rocket engines, chamber thrusters, nozzle extensions, thrust augmentors for space and aerospace applications. ASTM B654
ATI 45Nb™ Alloy
(Nb-55Ti)
UNS R5840 Used in wet oxidation, aqua regia, rivets, welding wire, high-energy-physics, RF cavities, fasteners and mining tools for aerospace, chemical and mineral processing, superconducting and corrosive applications. ASTM B265, B348, B381, B861
NbRRR (=99.95%)Unassigned Used in RF cavities for superconductivity applications. Custom
Nb-7.5TaUnassigned Used in high-energy physics, magnetic resonance imaging (MRI), and nuclear magnetic resonance imaging (NMR), and as an alloy additive for medical and superconducting applications.
Nb-47TiUnassigned Used in high-energy physics, magnetic resonance imaging (MRI), and nuclear magnetic resonance imaging (NMR) for medical, superconducting and other applications. Custom
Nb-50TiUnassigned Used in high-energy physics, magnetic resonance imaging (MRI), and nuclear magnetic resonance imaging (NMR) for medical and superconducting applications.
Nb-53TiUnassigned Used in high-energy physics, magnetic resonance imaging (MRI), and nuclear magnetic resonance imaging (NMR) for medical and superconducting applications.
Niobium PowderCAS 7440-03-1 Used in high-temperature aerospace components, alloy addition, superconducting materials, plasma spray coatings, filters, corrosion-resistant applications.
Good DD gives a person the right to understand lies... even the buys and sell recorded. I got 10,000 shares yesterday, closing on a mil.
check this web page out....
http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=154482&sn=Detail
Been with SRSR for along time: a point of interest
Raw materials
Mineração Catalão, Aerial view of Catalão plant (Ruy George Fischer)
The primary mineral from which niobium is obtained is known as pyrochlore. The world's largest deposit is located in Araxá, Brazil and is owned by Companhia Brasileira de Metalurgia e Mineração (CBMM). The reserves are enough to supply current world demand for about 500 years, about 460 million tons. The mining of weathered ore, running between 2.5 and 3.0% Nb2O5, is conducted by simple open pit mining without the need for drilling and explosives. Approximately 85 to 90% of the niobium industry obtains its niobium ores from sources other than those associated with the mining of tantalum-containing ores.
Another pyrochlore mine in Brazil is owned and operated by Mineração Catalão de Goias and contains 18 million tonnes at 1.34% niobium oxide. The third major deposit of pyrochlore being actively mined is the Niobec Mine in Quebec, Canada, owned by Camet Metallurgy, with reserves of 18 000 tonnes.
In all three facilities, the pyrochlore mineral is processed by primarily physical processing technology to give a concentrate ranging from 55 to about 60% niobium oxide.
These three companies produce about 85% of the world's demand for niobium products, with most of that output being in the form of ferro-niobium with a nominal 60% niobium oxide content, for making high-strength, low-alloy steel.
Columbite, a mineral with a ratio of Nb2O5:Ta2O5 ranging from 10:1 to 13:1, occurs in Brazil, Nigeria, and Australia, also other countries in central Africa. Niobium is recovered when the ores are processed for tantalum.
Niobium is also found, in very small quantities, in the slags produced from the smelting of some tin ores.
Here's a years chart on "SARISSA":
http://quotes.ino.com/chart/?s=NASDAQ_SRSR&v=d12
MMA’S FORECASTS FOR 2010 : you can write me for more information about it.
Review and Preview :
We will only be reviewing U.S. stock markets and commodities this week and next, due to time deadlines in completing the annual Forecast Book for printing on December 1.
The Saturn-Pluto square of November 15 appears to have coincided with at least a short-term crest in the U.S. stock markets, as the NASDAQ Composite and S&P indices made yearly highs on Monday, November 16, and the Dow Jones Industrial Average did the same one day later. This fits with the signatures in effect at the start of the week as describe in our last column, stating, "Monday, November 16 , is an important new moon, because it occurs in Scorpio, will square the Jupiter-Neptune conjunction, and takes place within hours of the Saturn-Pluto waning square". After those yearly highs were achieved, each then declined into the end of the week. Gold and Silver made new cycle highs early Wednesday, and then sold off too until later in the day on Friday. In the case of Gold, last Wednesday was a new all-time high as prices briefly poked above 1150. Crude Oil also sold off after posting a weekly high slightly above 80.00 on Wednesday.
Whether these markets continue down or find support shortly before rallying to new highs depends whether support for the U.S. Dollar continues this week or not. If the dollar starts back down again and there is no sense of panic, then there is no reason for these markets to make anything other than a normal corrective decline before resuming their upward ascent. In fact, even if a panic were to begin, that too could result is very sharply higher values in all dollar-backed assets, until such a time that prices were so high that no buyers will step in. I don't see that happening before spring-summer of next year.
Short-Term Geocosmics :
This is a "Venus-laden" week. And that is good for Americans because Thursday is also the Thanksgiving holiday, when families typically come together and give thanks for whatever they feel grateful for. It is a good week to be "Venus-laden", which highlights relationships of value.
It could be important for financial markets too, since Venus also rules securities and assets. From Monday through Thursday, Venus will "translate" the forthcoming Jupiter-Neptune conjunction in a square aspect. On Wednesday, Venus will also form a trine aspect to Uranus. Thus these signatures imply the possibility of market reversals this week, assuming they find a level of support above 10,000 in the DJIA.
The more important reversal signatures coming up will be Uranus turning directions, from retrograde to direct motion, on December 1, and then Mars turning retrograde, followed by the third and final conjunction of Jupiter and Neptune on December 20 and 21 respectively.
Long-Term Thoughts :
One the major news stories last week was President Obama's first official visit to China which, from most reports, was a lesson in humility and maybe reality. According to Friday's Wall Street Journal, it "signaled a turning point in relations between a weakened U.S. power and a China that senses its time has come". But from our point of view, the insightful development - and comments - came from Liu Mingkang, chairman of the China Banking Regulatory Commission, just prior to Obama's arrival. According to Wednesday's Wall Street Journal article titled CHINA'S BLUNT TALK FOR OBAMA, Mingkang said a weak U.S. dollar and low U.S. interest rates had led to "massive speculation" that was inflating asset bubbles around the world. The situation is "seriously impacting global asset prices and encouraging speculation in stock and property markets".
Massive speculation. Inflating asset bubbles. Hmmmm, that sounds a lot like.... Jupiter and Uranus coming into conjunction, as both move from water sign Pisces to fire sign Aries, May-September 2010. As they move into Aries, they form a T-square to the Federal Reserve Board's natal Sun-Pluto opposition (FRB created December 23, 1913, 6:02 PM, Washing to D.C., according to New York Times article on December 24, 1913). Jupiter rules the principle of exaggeration, optimism, and over-estimation. When in conjunction to one another, it can represent a time of brilliant and innovative new ideas. In hard aspect to other planets, it can coincide with poor judgment resulting in loss. Uranus is also a planet of speculation, but due to pre-mature timing, its presence in hard aspects can oftentimes result in unexpected consequences. And both will be in opposition to Saturn, which is just entering Libra, forming a grand square to the FRB Sun-Pluto opposition. Jupiter (planet of excess) will even reach a square to Pluto (planet of debt and taxes - they are coming). If the Fed's accommodative zero-interest rate policy isn't altered before that time, the consequences of excess speculation and increasing debt may indeed create bubbles in all dollar-based assets (except property sales, where supply still exceeds demand). Precious metals and stocks, for instance could soar to levels not imagined today. The Fed may have no choices after that, lest they are prepared to let the dollar go into a free fall.
But ask yourself : who benefits from a free-falling dollar ? What are the politics and history behind engineering a depreciating U.S. Dollar ? May be that is what the government and Federal Reserve Board wants. Maybe that is the roadmap being followed to resolve this economic crisis. It is a risky plan. But that's what Jupiter and Uranus do when together - they are prone to take large risks. Hopefully they understand the consequences if it doesn't work out the way they think it should, for surely with Uranus involved, things don't go as planned.
On a related subject, the other major story was the 43-26 vote by the House Financial Services Committee to audit the Federal Reserve. Welcome to Saturn in waning square to Pluto, now through August. It could get ugly. Just ask Treasury Secretary Tim Geithner, who finds his natal Mars (war, aggression, and assertion) at 1 degree of Libra right in the thick of this aspect (Saturn is there too, square Pluto from the first degree of Capricorn). He was called upon to resign his post by House Democrat Peter DeFazio. Furthermore, House Republican Kevin Brady attacked Geithner's credibility, stating, "The public has lost all confidence in your ability to do the job". According to Friday's Wall Street Journal, Geithner shot back, "What I can't take responsibility is for the legacy of crisis you've bequeathed this country". Here it comes. And you read here first in 2007 that this would happen in 2008-2010. The Fed is under attack, and it could be most critical between May-September 2010. You want a reason why the stock market and banking system could crash again ? There it is.
To be continued... (next week)
information
Disclaimer and statement of purpose : The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language. This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author’s understanding of how these signatures will likely affect human activity in the times to come. The author (Merriman) will do this from a perspective of a cycle’s analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.
No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.
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Where is SRSR in this last several posts?
All you need to do is keep selling your shares and they'll own them all!
SRSR has people that own a lot of share...
November 6, 2009
Symbol:
MarketsQuoteLevel IIChartsNewsFilingsStreamer
Monthly Share Volume Report
Select a different report by entering an issue or MPID: Sort By: Report Date:
Issue Market Participant
Volume Issue/MPID
Oct 2009 Sep 2009 Aug 2009 Jul 2009 Jun 2009 May 2009 Apr 2009 Mar 2009 Feb 2009 Jan 2009 Dec 2008 Nov 2008
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SRSR - SARISSA RESOURCES IN
Page of 1
October 2009 September 2009 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
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Total Share Volume 38,578,641
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NITE
Knight Equity Markets, L.P. 19,662,884 1 50 18,558,364 1 59 304,188,722 1 47
ETMM
E*Trade Capital Markets Llc 7,754,762 2 20 4,420,909 2 14 106,642,627 2 16
AUTO
Automated Trading Desk 4,068,561 3 10 3,402,146 3 10 84,171,465 3 13
UBSS
UBS Securities LLC 3,057,067 4 7 2,996,925 4 9 54,690,261 4 8
BNCH
The Benchmark Company, LLC 1,571,358 5 4 - - - 1,571,358 17 <1
MAXM
Maxim Group LLC 465,000 6 1 85,000 11 <1 9,463,145 7 1
VFIN
vFinance Investments, Inc. 415,000 7 1 5,000 13 <1 16,474,551 5 2
DOMS
Domestic Securities, Inc. 396,218 8 1 - - - 16,417,139 6 2
FORT
Ticonderoga Securities LLC 280,000 9 <1 251,850 7 <1 652,850 21 <1
ARCA
Archipelago Trading Services 250,000 10 <1 - - - 3,127,649 13 <1
SALI
Sterne, Agee & Leach, Inc. 202,641 11 <1 290,630 6 <1 8,384,885 8 1
BMIC
Biltmore International Corpor 140,000 12 <1 - - - 8,212,067 9 1
PALC
Pali Capital 134,850 13 <1 214,200 8 <1 409,050 24 <1
LAMP
Lampost Capital, L.C. 81,000 14 <1 10,000 12 <1 650,404 22 <1
ABLE
Natixis Bleichroeder LLC 40,000 15 <1 496,838 5 1 3,272,475 12 <1
HDSN
Hudson Securities, Inc. 19,300 16 <1 177,684 9 <1 8,066,976 10 1
STXG
Stockcross Financial Services 10,000 17 <1 135,000 10 <1 6,090,733 11 <1
VNDM
Vandham Securities 10,000 17 <1 - - - 327,300 25 <1
PUMA
Puma Capital, Llc 5,000 18 <1 - - - 1,147,756 18 <1
LABS
LaBranche Financial Services 5,000 18 <1 - - - 759,667 19 <1
LFCM
Lighthouse Financial Group, L 5,000 18 <1 - - - 576,055 23 <1
BTIG
BTIG, LLC 5,000 18 <1 - - - 136,000 30 <1
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Page of 1
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Sarissa Resources Inc. November Exploration Update
Posted on Nov 05 2009
News >> Press Releases
Oakville, ON, November 4, 2009 – Sarissa Resources Inc., (“Sarissa” or the “Company”) (OTCPinksheets: SRSR), is pleased to release further results from the summer trenching program in the SE Zone, on its 100% owned niobium property in northern Ontario. During the summer four trenches were opened up to test for continuity of the mineralization reported in previous programs.
The trenching program was conducted initially under the supervision of the late Alan Hawke, and followed up on by geologist Hillar Pintson. It was conducted in the middle of the SE Zone, where forty nine 2.5 metre continuous channel samples were collected along trench 09-5A and submitted for assaying. The average grade over the full 122.5 metre length of the trench was 0.35% Nb2O5. Results of the first sample submitted were previously released. The remaining assays have been received from Activation Laboratories in Ancaster. The assays will be made available on the Sarissa Resources website shortly.
In the 49 samples submitted for assay, highlights included 2 samples of greater than 1% Nb2O5 and 10 samples greater than 0.5% Nb2O5. As well as the significant Nb2O5 results, the samples returned anomalous values of tantalum and uranium, along with 2 samples of greater than ten thousand ppm total rare earth elements.
Of additional significance is that this trenching program was carried out in an area of the SE Zone that had not previously been drilled, so continues to expand the area of potential mineralization in this area. A follow-up drilling program has been initiated to test the areas underneath the zone exposed during the trenching program.
The SE Zone “occurs 1500 metres south east of the Hawke [formerly the “D”] Zone. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m” (“Technical Report on the Nemegosenda Property for Sarissa Resources Inc.”- July 21, 2009-Billiken Management Services Inc.)
Metallurgical Testing
The first phase metallurgical testing of ore from the Nemegosenda property has been completed by SGS Lakefield Research Limited and no barriers to extraction have been identified. This correlates well with the previous $1,000,000 of metallurgical research conducted by Dominion Gulf Company in conjunction with the Colorado School of Mines Research Foundation in 1959- 1960. The next stage metallurgical testing will focus on a more detailed mineralogical study.
Shining Tree Gold Project
Drilling has been completed at the Company’s Shining Tree gold project where 2 holes totaling 300 metres were drilled under 2 of the exposed surface stock-work systems. Logging of the core is now underway.
Warren Hawkins, P. Eng., is a “qualified person” within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.
FOR FURTHER INFORMATION contact:
www.sarissaresources.com
and http://nemegosenda.sarissaresources.com/
Investor Relations: Merle Goertz
866-307-1331
Back copyright © 2008 Sarissa Resources | Disclaimer
Check the news on SRSR:
Astrolgy: maybe next week... SRSR Bullish.
http://www.stariq.com/marketweek.htm
My interest was high so I check-out the company:
http://www.wahchang.com/pages/products/data/niobium/niopage5.htm
This is very interesting for SRSR:
You are here: E-publishing > News Archive
Allegheny to acquire23 September 2009
Allegheny Technologies Inc., whose products include titanium and titanium alloys, nickel-based alloys and super-alloys grain oriented electrical steel, stainless and speciality steels, zirconium, hafnium, niobium, tungsten materials and forgings and castings, has announced that it expects to purchase the assets of Crucible Compaction Metals and Crucible Research for USD 40.95 million as a result of an auction held on 21 September 2009, as part of a US bankruptcy court proceeding. This transaction is expected to close no later than 31 October 2009.
Has anyone undated photos on the work site?
The way SRSR performed yesterday was forbearing... such a find
for a penny stock, one would wonder if a man with money would
pull off a but-out? Astrology tells us this (Sept 17)....
Menu Content Merriman Market AnalystHome Weekly Preview Comments for the Week Beginning September 14, 2009
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Comments for the Week Beginning September 14, 2009
Written by Raymond Merriman
Review and Preview
Can you feel it? And just exactly what is that you feel? Is it the “fear” of the huge Saturn-Uranus opposition coming up, coinciding with this big slide down in the U.S. Dollar, and run-up to new yearly highs in precious metals and currencies against the Dollar? Is it the elation of Venus in translation – opposition - to the Jupiter-Neptune conjunction that is now taking place as stock markets around the world race to new yearly highs? Or is it the confusion generated by the rally in both metals and stocks at the same time, while the Dollar is falling along with Crude Oil and grain prices, during this young Mercury retrograde cycle (September 6-29)? How can these things be happening at the same time? Well, with Mercury retrograde you can throw the rules out of the book, and with Saturn in opposition to Uranus, financial markets (and world leaders) may once again be blindly approaching the precipice of cliff that they can’t even see right before their eyes, arguing all the time as they begin to step over the edge. If this makes sense to you, then you must be well-versed in Financial Astrology, for there is nothing else in the realm of logic that could possibly explain what is now happening… and about to happen in the next two months. It might be a great time to invest in parachutes, or electrically-run automobiles that can also fly and glide on the surface of water.
Nearly every world stock index we follow soared to its highest level since the Paulsen meltdown days of the last September-October. There were a couple of notable exceptions, such as in Japan, where the Nikkei still remained over 200 points below its cycle high of August 31. But that can be explained by the recent election in which the Liberal Democratic Party (LDP) was voted out of power, a position it has held almost continuously since 1955. The Moscow Micex Index also failed to take out its high of June 2, but it did rally strongly the past two months as is within striking distance of that level again.
But the biggest stories were in the currency and precious metals markets. Gold closed above 1000 for the fist time since February, which is the only other time it has done this in its history outside of March 17, 2008. In other words, this is the third time it has happened. But I doubt it will be the last. The Euro currency soared to above 1.4600 for the first time since last December, while the U.S. Dollar fell to a new low for this year, down to 76.44. It is not far from its all-time low recorded in March 2008, and as the Dollar falls, more and more investors are starting to get very nervous, a “normal” reaction under Saturn-Uranus in opposition. In fact, there are a whole lot of things that should be making politicians, world leaders, and investors very nervous right now, for the symbolic meaning of Saturn and Uranus is “losing control,” as in “a sudden state of crisis.” It can be explosive, and with Pluto changing directions now, it can also be a very dangerous period. But which market (or government) is going to fall? Equities? Precious metals? Currencies against the Dollar? Crude Oil? The market is saying each could topple, but… that is not logical.
Welcome to the next chapter of “The Twilight Zone.” If you don’t have a spiritual practice, you are liable to fall into another portal, another dimension of sight, sound, and reality. Here, hold my hand. I am not going to fall over that cliff. I am going to buy a put option on gravity as a hedge against my long position on parachutes.
Short-Term Geocosmics and Longer-Term Thoughts
This will be one the most intense weeks for geocosmic activity this year. On Friday, September 11, Pluto turns stationary direct and Venus is in opposition to Jupiter. The first phenomenon is important because it means Pluto themes are highlighted during this period, +/- 10 days. Pluto pertains to death, debt, and taxes and once again the later two are the major sticking points in the attempt to pass a health care reform bill in the United States. Pluto rules reform, and it seems that both sides want a reform, but they can’t agree on the form of the reform. So the reform remains without a form (formless), and will probably end up deformed, as both sides tear one another down, with each side claiming the other needs to behave with more civility. How you can be civil when you think the other guy is leading you off a cliff?
The Venus-Jupiter opposition is part of the “translation” of Venus in opposition to the Jupiter-Neptune conjunction, in effect September 11-15. Prior translations to the Jupiter-Neptune conjunction have coincided with rising markets and even crests, just as this one is doing. But the biggest signature of all is the third (of five) passage of the Saturn-Uranus opposition on September 15, followed by the translation of the Sun in conjunction to Saturn (opposite Uranus) on September 17. This translation too can coincide with a crest, for it is happening under a new moon the next day, September 18, which forms a favorable trine aspect to the natal Sun in the NYSE chart (May 17, 1792).
This combination of signatures can also represent a sudden turn in policies that could jolt financial markets, if not governments around the world as well. What would it be? With Uranus, you never know for certain, for it represents the dynamic of surprise and unexpected events, especially when in such a strong 45-year opposition aspect with Saturn. On the one hand, we note that both Iran and North Korea have made announcements in the past week about the advancement in their nuclear programs. North Korea, for example, said it is in the final stages of enriching uranium, which could put it right on the verge of making a nuclear bomb. Also U.S. officials announced this past week that Iran may already have enough enriched uranium to make a bomb, and thus wants to enact further sanctions against Iran unless it ends its nuclear-fueled program. But Russia has announced it will not support any further sanctions against Iran at this time, thus putting the USA - and Obama, following his high-profiled “cooperation” trip to Russia – in an awkward and embarrassing position. This will further strain the relations between Moscow and Washington, in a match of political wits in which the Kremlin leaders are clearly trumping Obama. As reported before, under Saturn-Uranus oppositions, the tensions between the USA and Russian leaders are usually escalating, not receding.
The other dangers under this current Saturn-Uranus opposition are related to the new moon (conjunct Saturn) and Mercury retrograde. The new moon in late Virgo indicates a push towards consensus on the part of government leaders, for this new moon is halfway through the zodiac (wish for consensus and agreement). New ideas are likely to be announced in the next 1-2 weeks, and in some regards, they will appear to be good ideas. But more than likely, the details won’t work smoothly, per Mercury Rx. If the parties involved are truly willing to compromise and modify these terms, then the bigger issues might still be resolved. But the danger is that everyone says this, yet no one really agrees to any substantial modifications, and hence the polarity of the opposition is likely to continue, with each side blaming the other for “lack of civility, lack of authenticity and sincerity.” They can see the faults in the other, but they refuse to recognize it in themselves. In psychology, we call this a case of “projection.”
How does this play out in the market place? Well, I suspect just as there are secret meetings behind closed doors taking place between government leaders, the same thing may be happening with banking leaders. The US Dollar is falling. There are dangers in this trend – danger that this decline may develop in to a full-out currency and banking crisis. With Saturn and Uranus, support and resistance may give way to breakouts that produce a sense of crisis, just as the full moon did in mid-September last year when it passed over the applying Saturn-Uranus opposition (that was when the economic crisis turned into a full fledged panic). Some financial markets, like precious metals and currencies against the dollar, may enter into a “blow-off stage. But just as quickly these banking leaders could meet and make a surprise announcement that ends the blow off and produces a very sudden reversal. The bottom line is that under Mercury retrograde and the new moon conjunct the Saturn in opposition to Uranus, get ready for anything. The next two weeks could produce another shock to the system, either geopolitically or economically, or both. Not to mention, of course, natural disasters like earthquakes and hurricanes.
One other note: oftentimes sharp reversals happen right in the middle of the Mercury retrograde time band. That would equate to September 18 this time around. That’s the new moon period at the end of this week. Mercury retrograde is not an easy time to be a position trader. So our Mercury retrograde rule of “taking profits too soon"(take them quickly) applies now.
Announcements
Announcements
It’s that time of the year again! Pre-publication orders for next year’s annual Forecast 2010 Book can now be placed. And once again there will be a discount to those who order before October 15. The retail price of the Forecast 2010 Book will be $55.00 this year. However, for orders placed before October 15, the special pre-publication rate is $45.00 (plus postage). Although 2009 is only approximately half over, the 2009 book has already been one the most accurate of all that have been written in the past 33 years. A list of many of those forecasts outlined in the 2009 book that have already come to pass is listed on our web site at www.mmacycles.com. And the critical reversal dates given for at least three of the markets have been 100% so far (Stocks, Currencies, precious metals), including the high and low of the year in many markets. As always, the book is published and mailed out around December 15. Your pre-order helps us determine how many to print. Please note that the Forecast books have sold out by the end of February in three of the past 4 years. So, order now and save big bucks, and also make sure you reserve a copy before they sell out! Once they are gone, they are gone. There are no second printings, although you can probably pick up “out of print” copies on various web sites for three times the cost afterwards. This year we are pleased to announce that you may order the Forecast 2010 book in five other languages besides English, as follows: Japanese (http://merriman.jp), Dutch (www.markettiming.nl), Spanish (www.mmacycles-spanish.com), German (www.mma-europe.ch), in Serbian (www.mma-balkan.com), and in Russian at www.urania.ru. These same sites also offer our weekly column in their respective languages.
If you are an active short-term trader, you may be interested in our Weekly or even Daily Market reports with short-term trading recommendations. It is the only way I keep in touch with traders on a daily or even weekly basis. These reports give in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Swiss Franc, Dollar/Yen cash and Yen futures, T-Notes, Corn, Soybeans, Wheat, Gold and Silver. The daily reports cover all stock indices listed above, as well as futures in Euro, T-Notes, Soybeans, Gold and Silver. Subscription to the daily report also includes the weekly report. For more information, go to http://www.mmacycles.com/services, or call our offices at 1-248-626-3034. In the words of one of our subscribers: “I recently subscribed to your weekly report and am finding it to be excellent and a very useful companion to the MMA Cycles Report. I can't imagine now managing my investments without them.”
The SOS Global Stock Market Cycles report came out last week. If you are a subscriber to this report and did not get it, please let us know immediately at ordersmma@msn.com. This report covers the long-term as well as intermediate and short-term outlook for the USA stock market (DJIA and NASDAQ Composite). It then covers the intermediate and shorter-outlook for the XAU Gold and Silver mining index, the German DAX, Netherlands AEX, Hang Seng of Hong Kong, Australia’s All Ordinaries. The German translation of this report will come out Wednesday and will include analysis of the Swiss SMI stock index. This is our only subscription report that gives detailed discussion on geocosmic variables that are present and forthcoming.
The DVD of the Financial Astrology workshop in Chicago is now available for purchase. The cost is $175.00 and includes a PDF file of the graphics used in the class. Some people learn best with visuals like DVD’s, or courses like this one, and others learn best from books. But this workshop clearly lays out the basic methodology of combining cycles studies with geocosmic studies to forecast market trends as well as critical reversal dates for any market. The emphasis in this workshop was on the U.S. stock market and Gold. To order, contact our office at 1-248-626-3034 or email Amber at ordersmma@msn.com. It may take a week before it is up on our web site and shopping cart. If you wish a tool to help you understand how to apply Financial Astrology effectively with trading techniques, then this DVD is a must. Soon. The CD on the talk “The Cardinal Climax” will be available shortly too. We will post it on the www.mmacycles.com shopping cart as soon as it is ready.
I am oftentimes asked for recommendations of a money manager who uses my methods, since I won’t manage other people’s money. The thing is, almost all money managers I know use their own systems. But many subscribe to my services and share my thoughts about the future of the economy, various financial markets, and how to position one’s portfolio along these lines. One money manager who subscribes to our services that I would suggest for those looking to structure a longer-term portfolio, such as a retirement account, is Duke O’Neill of Boulder, Colorado. He can be reached at dukeoneil1@gmail.com, or 1-(303) 817-8263. For those looking for a professional trader of commodity and futures contract might consider Ted Lee Fisher at ted.fisher@comcast.net. Ted is a legend in financial futures and has a seat on the CME. Both are very knowledgeable of the tools I use, of the way I am looking at markets, and yet each makes their own decisions as to exactly when to enter and exit any market.
Our weekly comments can now be read in Russian at www.urania.ru, Japanese (http://merriman.jp), Serbian (www.mma-balkan.com), Spanish (www.mmacycles-spanish.com), German (www.mma-europe.ch), French www.lecochonsideral.info, and Dutch at (www.markettiming.nl).
We are pleased to announce our new official Japanese web site at http://merriman.jp. Here you can read our free weekly report in Japanese every week. You can purchase several of our books and subscription reports in Japanese, including or new weekly Gold report, Cash Currencies report, and both the MMA Cycles and MMA Japanese Markets Cycles reports. If you read Japanese, please feel free to check out this new site, created by Toshi Nippou Ltd. of Tokyo.
We are also pleased to announce the formation of our new Weekly Cash Currencies Report in English. This report will cover our weekly analysis of cash Euro Currency, the Dollar-Yen, and the Euro-Dollar markets. For further in formation on this new subscription report, please visit www.mmacycles.com, and look under SERVICES.
The German version of “Merriman on Market Cycles: The Basics” is now in print. It is also a revision of the earlier work in English. For more information on this book, please go to our German web site at http://www.mma-europe.ch/.
We have added a valuable new feature to our web site. Now, on the very front page, you can get a daily update on the weighted values of the Solar-Lunar cycles for the Dow Jones Industrial Average and the Silver market, via the studies conducted in “The Ultimate Book on Stock Market Timing Vol 4: Solar-Lunar Correlations to Trading Cycles,” and “The Sun, Moon and Silver Market: Secrets of a Silver Trader.” These are the studies I use personally for short-term trading of stock index futures, ETFs (like DIA and Silver fund), and Silver futures. Anything over 100 means it has an above-average correlation to reversing from an isolated high or low if it forms that day. The higher the value, the more probable the reversal. To see these daily values, please go to http://www.mmacycles.com/, and just check it out on the top of the page.
Disclaimer and statement of purpose:
The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language.
This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author’s understanding of how these signatures will likely affect human activity in the times to come. The author (Merriman) will do this from a perspective of a cycle’s analyst looking at the military, political, economic, and even financial markets of the world.
It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.
No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.
Copyright MMACycles 2007; you may link to this site or page, but you may not distribute these texts in any way (by email or otherwise).
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Dutch : www.markettiming.nl (Nederlands)
Spanish : www.mmacycles-spanish.com (Español)
German : www.mma-europe.ch (Deutch)
Japanese : www.merriman.jp
Russian : www.urania.ru
Serbian : www.mma-balkan.com
Polish : www.astrobiznes.pl
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Today our "SRSR", chart should go the other way, let's see at
the end of this day:
http://superforce.com/RealTime/Index.htm
Good read on SRSR:
http://www.sarissaresources.com/pages/news.php