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its difficult to copy and paste from sedar but here is more info from 2014 ....just showing that the project was at an advanced stage.
MagIndustries Corp.: Update of the NI 43
-
101 Tech
nical Report for MagMineral's Mengo Permit
Area, Kouilou Region, Republic of Congo
TORONTO, ONTARIO
--
(Marketwired
-
•
July 2nd
, 2014)
-
MagIndustries Corp. ("MagIndustries" or the
"Company") (TSX:MAA) today announced that it has filed an update to its Nat
ional Instrument 43
-
101 Technical
Report entitled
Update of the NI 43
-
101 Technical Report for MagMineral's Mengo Permit Area, Kouilou
Region, Republic of Congo
(the "Technical Report") in respect of the property owned by its 90% owned
subsidiary MagMinera
ls Potasses Congo SA. ("MPC"), previously described in the Company’s press release of
November 14, 2013. The Technical Report relates to the geology and development of the Company's proposed
1.2 million tonnes K60 product per annum Mengo Potash Project in
the Republic of Congo (the "Project"). The
authors of the Technical Report are EurGeol Dr. Henry Rauche, EurGeol Dr. Sebastiaan van der Klauw, and EUR
ING Ralf Linsenbarth of ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (collectively
"ERCOSPL
AN").
The update announced today arises because during the preparation of the original technical report incorrect
information was provided to ERCOSPLAN with respect to energy costs, a key input to calculating operating costs
and therefore a material facto
r in determining the economic merits of the Project. Specifically, energy costs were
overstated in the original technical report announced on November 14, 2013 because of a double counting of the
natural gas requirement for process heat and on
-
site co
-
gene
ration of electricity. On the basis of the data then
available operating costs before sustaining capital expenditures were estimated to be US$109.81 per tonne of
production. On the basis of the corrected data operating costs are estimated to be US$75.97 p
er tonne.
Estimated Operating Expenditures
As reported in the Company’s press release dated November 14, 2013, the annual operating expenditures
(“OPEX”) for full production had been previously estimated at US$131.8 million annually for the production of
1.2
mtpy of a K60 product. The corrected estimate of OPEX for full production is US$91.16 million annually for the
production of 1.2 mtpy of a K60 product. This equates to approximately US$76/tonne of KCl. These operating
costs include estimates for labou
r, maintenance, power and steam generation, consumables, diesel, product
transport to port and indirect OPEX. Sustaining capital expenditures have been estimated for the operation at
US$4.6 million annually or approximately US$3.83/tonne.
Assuming a nomina
l discount rate of 10%, the economic analysis based on the corrected OPEX estimate yielded
a pre
-
tax Net Present Value (NPV) of US$1.607 billion; an after
-
tax project NPV of US$1.303 billion with an
Internal Rate of Return (IRR)
of 24.4% before tax and 23.
5% after tax; and a payback period within 9 years of
project start
(or Year 8 of production)
, based on potash prices of US$380/tonne FOB. These metrics were
previously reported as
an NPV of US$1.263 billion before tax and US$1.002 billion after tax; and an
IRR of 21.6%
True about potash China always felt Canada and Russia were over pricing potash, and wanted its own investment in the sector, Yes i remember Stephane, He was there during the time on what were called the Burton gang. William Burton is the original founder of Mag industries ...there is still a lot of information on SEDAR.com....Canadian company filings archive. the potash wars showed their ugly head about 7 years ago until China formulated a five year potash plan...... this could be the out come /result of that plan. i have been holding this stock on my portfolio and i hope this is finally my time.
Good to see you here ...hope you enjoying Spain! Hopefully this is a turn around for us
i know u from stockhouse ...timing is everything with trading....things dont remain the same all the time and i have been trading this on the CDN side long before u were on the stockhouse board...The company has the assets underground and China wants them, and they have to exploit them at some point in time...cant remain a bad investment for ever. If you know the company very well you will remember that all the construction material, including concrete had already been delivered on site ... i dont think all that will go to waste. THIS IS NOT A RECOMMENDATION TO BUY THE STOCK...just stating some of the facts on the ground. China also has an image problem to work on with the Republic of Congo govt, after a string of failed takeovers and non performance by their companies. A huge free trade zone is also being built by the Chinese around the Mengo area where this company is located
meaning?
Thanks i had factored in the first Q 2017..... i will agree with that
Kay according to the BB paid off 4 mil that should come in as other revenue right?? There is a point in time where Kay has to disclose where the money is coming from
If Microsoft is paying something ...i think 4 million plus sales at Amazon etc 6.5 Mil.. Mark paid off some debt???
if i remember very well Evergreen owned 98 % of the shares and the public the rest. They could be a buyout in progress ...there was 159 trades , not just a pump and dump imho, will see where Monday gets us at.. glta They may need to compansate us for the corruption scandal as well above the buy out maybe?
Happening around that project ....note date
Pointe-Noire: realization of the Special Economic Zone takes shape
Wednesday 25 January 2017 - 19:20
ent Size:100%
La ralisation de la Zone conomique spciale se concrtise
Martin ParfaitAim Coussoud-Mavoungou, Minister of Land Affairs and Public Domain, and Alain Akouala Atipault, Minister of Special Economic Zones, officially launched on January 25 at Loango at the headquarters of the prefecture of Kouilou the delimitation works of the Economic Zone Special of Pointe-Noire in the presence of the authorities of the departments of the ocean city and the Kouilou.
Following the launch of the preliminary survey and parcelling process last December, the launching of the delimitation works of the Pointe-Noire Special Economic Zone (SEZ) marks a decisive turning point in the realization of this project dear to the government of the Republic, A project that also mobilizes Congo's partners such as China, which recently sent its Minister of Foreign Affairs to Brazzaville as part of the cooperation between the two countries. The project of the SEZ of Pointe-Noire was one of the subjects of the exchanges with the Congolese authorities. "The process of demarcation and demarcation of the SEZ which will have an area of 30 km2 is an irreversible process. It is a cross-cutting project that engages the whole government. If our Chinese partners are mobilized for this project; we Congolese must be more so because we are the main beneficiaries " , said Alain Akouala Atipault.
After recalling Law 11-2004 of 26 March 2004, which lays down the procedures to be followed, namely the preliminary and fragmentary inquiry, the purpose of which is to determine the parcels to be expropriated but above all to seek owners and holders of real or immovable rights and other interested persons, Martin Parfait Aim Coussoud-Mavoungou went further: " from today, all who are in the scope of 30 km2 area declared of public utility, and according to the provisions of order 12-535 must go to the sub-prefecture of Loango to be identified with the commission of preliminary investigation and plot. They are given a period of one month to do so. After this period, no claim will no longer be " . He added: " The commission of investigation prior and parcel take all the necessary information that will enable him to write a report that we will make available to the Government ."
Minister Martin Parfait Aim Coussoud-Mavoungou has therefore requested the availability of all purchasers of plots and all owners and warned all those who will take the decision not to comply with the provisions of the law. " The law will intervene and create the conditions necessary to put them out of harm's way. It is imperative that we give priority to the work that must be done in the area , "he added.
After the visit of the sub-prefecture of Loango, the seat of the preliminary inquiry commission, the ministerial delegation traveled to Kounda to set up the beacons delimiting the SEZ. In the presence of the authorities of the two dpartements, beacons were set up. " We came physically materialize this operation, technicians now continue to do their job ," he added.
image: http://www.adiac-congo.com/sites/default/files/le_ministre_martin_parfait_aime_coussoud-mavoungou_posant_les_balises_fileminimizer.jpg
" Geotagging points of the site, the physical boundaries that will help determine the exact size of the area because until then, we only work on virtual areas. After the area, we will get the perimeter of the area to be delimited. The survey work will achieve the actual coordinates of the site , "said the Director General of Land Affairs, adding that this work could be done in 90 days. " The completion of the Special Economic Zone of Pointe-Noire is expected not only by the Congo but also by the different partners because of its strengths. Indeed, this area will be an international logistics center, industrial production, training, an industrial park ... It will generate nearly 40,000 jobs ", welcomed Alain Akouala Atipault.
Picture: -The members of the government on site 2: -Minister Martin Parfait Aim Coussoud-Mavoungou posing the photo
------
Read more at http://www.stockhouse.com/companies/bullboard#JQlSvs7Aeg5OAoAZ.99
True but does not change the fact that the resource is there and someone needs it... some day it will be exploited...is this the time ...i dont know, time will tell... and it could be pumping as well, just looking at both sides of the coin. ...already a lot of money has been thrown at the project....will they walk away for eternity?? just speculating here, been here for 7 years lost some money
They have 33.2 million tonnes of potash.
MAGINDUSTRIES ANNOUN
CES SIGNING OF ENGIN
EERING DESIGN CONTRA
CT FOR MENGO PROJECT
AND EXPLORATION WELL
DRILLING
MagIndustries
Corp (“MagIndustries” or the “Company”)
(MAA
–
TSX) is pleased to report that it has
entered into
two
contracts to further the development of its potash projects in the Republic of Congo (“ROC”). The first contract is for
engineering design work for the Company’s flagship Mengo potash project (the “Mengo Project”). The second contract is
for explorati
on well drilling at the Company’s additional exploration licenses which surround the Mengo mining license.
The
Mengo
P
roject
is a
propose
d
1.2 million tonnes per year potash mine and processing plant to be constructed in two
modules
of 600,000 tonnes per year each. The
Mengo
Project is located near the village of Mengo, 25 kilometers east of
the Atlantic port city of Pointe
-
Noire,
ROC
.
The Company holds a mining license for a 136
km
2
area (the “
Mengo
License”)
containing
proven and
probable reserves of 33.2 million
ton
n
es
(1)
(2)(3)
of potash
(KCl)
,
which was granted in March 2008.
The engineering and design contract has been entered into with the with the
Changsha Design & Research Institute of
the
Ministry of Chemical Industry
(“Cha
ngsha Institute”), People’s Republic of
China
(“China”). This contract is for the full
design, engineering services and procurement assistance associated with the construction of the Mengo Project,
including
brine extraction, transfer, processing plant,
wast
e brine transmission,
brine effluent
handling
,
thermal power
station, office
s and housing, public utility interfaces
, auxiliary
engineering and the external transportation, external
engineering work (including supply of
water,
natural gas, electricity
supply and access
road
s
)
and
the water supply
and
pumping. The total price of the contract is approximately
US$17,800,000
subject to adjustment
mechanism
s for the US
dollar/Chinese Yuan exchange rate and performance incentives of up to 18%.
Founded in 197
8, the Changsha Institute is a research, exploration, design and supervision unit directly under the China'
I agree and there are 2 factors that could have now kicked in after the probe. Being That Qingashi Salt is back in the deal to be a partner on the project. 2....The Evergreen boss was suspected of diverting Funds meant for the project back to Evergreen. These loans had been backed by EXIM, with all Evergreen shares used as collateral...Exim could have taken over, due to the fact that the project was not going forward, and the scandals....here are the PRs
1
PRESS RELEASE
MagIndustries Corp.
EXCHANGE: TSX (MAA)
Cusip: 55917T 102
For immediate release
Toronto, Canada: December 21,
2012
MAGINDUSTRIES ANNOUNCES PLEDGE OF ITS SHARES BY EVE
RGREEN
MagIndustries Corp. (“MagIndustries” or the “Compan
y”) (TSX:MAA) announced today that in connection wi
th certain
loans made to Evergreen Resources Holding (BVI) Ltd.
, (“Evergreen BVI”), the holder of 357,238,683 commo
n shares, or
approximately 77.6% of MagIndustries, Evergreen BVI
has entered into a share pledge agreement with the
Export-Import
Bank of China (“China EXIM”) under which Evergreen B
VI has pledged all 357,238,683 common shares of the
Company it
owns as collateral for such borrowings. MagIndustr
ies is not a party to the loans nor any associated
obligations.
About MagIndustries Corp.
MagIndustries is a Canadian company whose common sh
ares are listed on the TSX and trades in Canadian cu
rrency under
the symbol "MAA". The Company has 460,172,463 share
s outstanding on an undiluted basis. MagIndustries
is focused on
the development of its potash assets in the Republi
c of Congo. More information on the Company is avai
lable on its
website,
www.magindustries.com
.
For further information contact:
Mr. Will Burton
CFO, VP Finance
MagIndustries Corp.
P: 416-368-7911
Email:
willburton@magindustries.com
---------------------------------------------------
---------------------------------------------------
---------------------------------------------
Qinghai Salt Lake Industry Company Limited
Resumes
Trading
as Discussions
C
ontinue
with MagIndustries on a Potential Investment
Toronto, Ontario
–
July
15
, 2015
–
MagIndustries Corp.
(TSX: MAA) (the "
Company
" or
“
MagIndustries
”) announced today that further to its press release
s
of
February 9, 2015
,
April
6
, 2015
and July 7, 2015
,
that
discussions
are continuing
with Qinghai Salt Lake Industry
Company Limited (“
Salt Lake
”) concerning
the potential investment
referred to therein
.
Salt Lake
,
an A share listed company on the Shenzhen Stock Exchange
,
announced
yesterday
that it has continued discussions with MagIndustries concerning a potential investment in the
Company or its assets. B
ecause of uncertainty that an agreement can be reached
regarding the
terms of any particular investment in the assets or securities of MagIndustries, in order to follow
fair disclosure obligations to the public, and avoid unusual fluctuations of its stock
price in the
market, Salt Lake
entered
a trading halt from July 8, 2015
to July
14
, 2015
. Salt Lake
resumed
trading
on July
15
, 2015
and confirmed that discussions continue with MagIndustries.
There is no certainty that an agreement can be reached upon
terms of any particular investment
in the assets or securities of MagIndustries.
Furthermore any such investment may require
regulatory and/or shareholder approval
in order
to be completed.
About Qinghai Salt Lake Industry Company Limited
Salt Lake is controlled by
the
Qinghai State
-
owned
A
ssets
S
upervision and
M
anagement
C
ommission.
Salt Lake is the largest domestic producer of potash in China
based on operation
SFOR and ENDV are the lottery tickets ever offered
This year its SFOR AND $ENDV.....
Thany you ...you always take time to do DD and keep us going.If the MRU is successful this would be a very good stock to be in
Seems the MRU could be ready soon with GERMAN ENGINEERING...2 yrs is a long time. Hopefully there is an option for renewal, since the delay was caused by ME Resources for non performance. ....The product's delay was caused by ME Resources so iam sure something could be worked out. JMHO.
ME RESOURCE
CORP.
GRANTS EXCLUSIVE LICENSE
FOR
DISTRIBUTION RIGHTS
IN THE STATE OF TEXAS TO WELL POWER INC.
January
30
,
2014
-
VANCOUVER, BRITISH COLUMBIA
–
ME Resource Corp. (the "
Company
"
or
“
MEC
”
) (
CNSX:
MEC | OTC:
MEEXF
)
is pleased to announce that it has entered into an exclusive
licensing and distribution agreement (the “
Agreement
”) with Well Power Inc.
(“
Well Power
”)
, a
Houston
based company, for the state of Texas
(the “
Territory
”)
.
Well Power
will be
the exclusive licensee
for distribution rights
in the territory of Texas for MEC’s Micro
-
Refinery Unit (the “
MRU
”), and
will have a right
-
of
-
f
irs
t
-
r
efusal for other territ
ories in the United States
provided Well Power maintains the financial, operational and technical resources to expand to these
territories
.
Well Power will pay a non
-
refundable licensing payment of $400,000 USD, which will be used
towards the engineering
and development of a full scale pilot in the licensed territory.
The Agreement also
includes provisions which would allow MEC to share in revenues generated by operators of the MRU in
the Territory.
The Railroad Commission of Texas, the state body which regulates
the oil and gas industry, issued 3,012
permits
in 2013
which allow
ed
oil drillers to temporarily flare the natural gas that comes up during drilling
operations
. This is almost a ten
-
fold inc
rease in the number of flaring permits issued in 2010.
The MRU is
a potential alternative solution to flaring this associated gas. In addition, the MRU could be a solution to
allow some of the
110,
131 ina
ctive wells
in Texas
, which include shut
-
in wells,
to become economic and
active.
About ME Resources Corp.:
ME
Resource Corp. is a Canadian exploration company focused on the acquisition, exploration and development of resource
properties. The Company's objective is to explore and develop its current assets and pursue additional acquisitions. The
Corporation inten
ds to acquire a portfolio of properties through project acquisitions, joint ventures and alliances. MEC
is
developing
propriety micro
-
refinery technology that will process raw natural gas into
Engineered Fuel
TM
and
Clean P
ower.
About
Well Power Inc
.:
The
Company has acquired an exclusive license from MEC, a Canadian publicly listed company that is creating mobile and scalable
Wellhead Micro
-
Refinery Units (MRU) deployable close to the wellhead to process raw natural gas into liquid fuels and cl
15 up to 20% on protectid and 15% GID
This is the original deal btwn the two companies. ..and just to note the USA gas market is more lucrative than the Canadian,.. with a possibility of more resources being directed to the USA than Canada. WPWR has the first right to sale and distribute in Texas and the first right of refusal on the other states Ref page 2 wouldnt be surprised to see a merger of the 2 with a focus on the USA jmho
http://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00029689&issuerType=03&projectNo=02159813&docId=3470427
http://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00029689&issuerType=03&projectNo=02546029&docId=4002865
http://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00029689&issuerType=03&projectNo=02553056&docId=4013415
These are PRs from MEC maybe the Germans cracked the code.....or maybe WPWR is benefiting from some of the investors on the other Pr??
Rope and Gray were not going to proceed with these lawsuits if what ever the 3 are saying was solid....Any proof these new cases are on contigency?
Most likely that is the reason the DUO lawyer left.....could have been the IPR and guy did not want to lose his integrety
You are right... high time they put a law/limit that will prevent abuse of the law on such items...treble damages for wasting time!!
Most likely pacer... judge ordered dates/meetings
For Vasco they should have gone straight for an injuction.....seems vasco did not show any integrity..not good
I agree only saying as an investor those are the unsaid things that we see, hear, sense, and talk to our minds about....to avoid surprises...Factoring in the surprises
Penny as you know i try to be as objective as i can...if you look at the current lawsuits...the first 3....Sal and Dave BR...have been bouncing around from one company to the next....could be a MOP UP operation...Remember a settlement conference has already taken place....
Agreed....Current and Future...PROJECTED... revenues also come in into the whole equation.examples being Tesla and Amazon. Its been long for them to turn a profit.....Tesla is still not.....but look at the share price. On Another note Kay may announce a share buyback asap or may negotiate with major shareholders behind the scenes, to buy and retire a huge chunk of shares....i would be careful to flip at this stage.
Blue diamonds are rare.....great find thanks
Strikeforce Technology exported to India by Mcfaee. However ASC will get most of the benefits.
http://economictimes.indiatimes.com/tech/mcafee-looks-to-ramp-up-india-investment/articleshow/57611170.cms
They just got 5 Mil financing.....i dont think thats a company going under
i have an account and if i log in every history is still there...
K will do.
I agree ...I am only saying read btwn the lines.
By the way ACS is there to lead the way for SFOR......we don't like big cumbersome deals here. They make tons of money and we are making some as well.
is there a tech breakthrough on the catalyst?? tHat would be good news
Investor confidence is very important in this whole thing...up to him to get it
5 million and royalties....but possiblity of reverse merger the way i see it