Sarissa Resources Inc (SRSR)

[LowFlyer]

Brazil Niobium Mine may not recieve permit:


"The president of the Environmental Protection Institute of Amazonas (IPAM) Vicente Nogueira has already communicated the local press that, while not officially consulted, he will not issue an authorization for mineral exploration in the area.

According to jurist Carlos Francisco Marés de Souza Filho, mineral exploration may be permitted within National Parks however only in very specific cases, when the park zoning so determines. When there is no zoning, as in the case of the Neblina National park, all activities are adamantly prohibited. The site where the ore body is positioned is considered as one of the most beautiful in the region. The occurrence of several minerals in Morro dos Seis Lagos makes each one of the lakes to have a different color, in different shades of green and blue."


Feasibility

According to CPRM data, Brazil is the largest niobium producer in the world. Domestic production is 22,000 tons of niobium oxide per year. Of these, 15% is consumed by the domestic market, and the remaining 85% are exported. This market is controlled by Companhia Brasileira de Mineração e Metalurgia (CBMM), whose mine in Araxá (MG) accounts for 80% of the world ore production and has enough niobium to supply the whole market for a millennium. The other great producer is located in Goiás. Canada and the United States subsidize, for strategic reasons, two other extremely low-yield mines. All of these factors, compounded by the difficult access to site, which is smack in the middle of the forest and near the Venezuelan border, and due to the fact the ore is associated to other ores, indicate the slight economic feasibility of any venture in Seis Lagos."

http://www.socioambiental.org/website/parabolicas/english/backissu/32/articles/pg7.html