Champion Minerals
hallo, kennt die wer? Was haltet ihr davon?
July 13, 2012 09:19 AM - iStockAnalyst -
(By Mani) Champion Minerals, Inc. (TSX:CHM) announced initial resource estimates for its Oil Can deposit, which is adjacent to its flagship Fire Lake North project. The results support CHM's future growth potential.
Champion Minerals is an early-stage iron-ore exploration and development company with assets located in the southern portion of the Labrador Trough. Champion is primarily focused on advancing its flagship Fire Lake North project.
The company is one of the largest landholders of highly prospective iron ore claims located southwest of Fermont and northeast of Schefferville, Quebec. The company's portfolio includes the Fire Lake North, Bellechasse, Harvey-Tuttle, Moire Lake, Oil Can and O'Keefe-Purdy projects.
A study on the Fire Lake North Project released in November 2011 estimates Fire Lake North's Net Present Value (NPV) to be $4 billion, at a discounted cash flow rate of 8 percent, with an Internal Rate of Return of 41.5 percent and a capital payback period of 2.3 years.
A Preliminary Economic Assessment suggests that the company's Fire Lake North project has the potential to produce an average of 8.7 million tonnes of iron ore concentrates per annum for 35+ years. The initial inferred resource estimate of 1.9 billion tonnes grading 28.7 percent iron (Fe).
"While the pit optimization and resource estimate were based on what we would consider bullish assumptions, including a long-term iron ore price of +US$100/t and a 15% cut-off grade, the initial resource estimate is significant both in size and grade and points to future exploitation potential," RBC Capital Markets analyst Robin Kozar wrote in a note to clients.
Given the proximity of Champion's flagship Fire Lake North Project to Oil Can, Midway and Bellechase properties, it has consolidated these four properties to form a Consolidated Fire Lake North property, which could eventually support annual iron ore concentrate production of up to 20 million tonnes (Mt) of specular hematite sinter feed as well as 20 Mt of magnetite sinter feed.
Champion provides investors with exposure to a development-stage iron ore company with exceptional resource growth potential. The company's development timelines and cost structure results in net asset value (NAV) having significant leverage to long-term iron ore prices.
"While considerable development risks remain, including entering into and finalizing a rail agreement to transport Champion's future iron ore product, we believe the shares are attractive at current levels given additional potential near-term catalysts, exploration upside, and long-term take-out potential," Kozar added.
Kozar says his current NAV of $5.06 assumes Champion produces an average of 8.7 Mt of iron ore concentrates over the first 25 years of mine life.
"Assuming Champion doubles production to ~17 Mtpa at a cost of US$1.3 billion or $160/t of installed production capacity, our NAV would increase to $10.41 per share," the analyst noted.
Eisenerz-Konzerne derzeit extrem günstig
Der Milliardär Andrew Forrest, reichster Mann Australiens, hat gerade kräftig in den Eisenerz-Sektor investiert. Denn Eisenerz-Gesellschaften sind derzeit so günstig Bewertet wie seit drei Jahren nicht mehr. Fortescue Metals Group, der drittgrößte australische Eisenerz-Exporteur, den Forrest gegründet hat, ist ihm weitere 135 Millionen australische Dollar wert. Im Juni kaufte er entsprechend Aktien am Markt auf. Interessant ist zudem, dass nicht nur Forrest, sondern zudem auch die weltgrößte..
Dann verweise ich hier jetzt mal auf den Originalartikel von Bloomberg :)
http://www.bloomberg.com/news/2012-07-10/...iron-ore-commodities.html
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Wertpapier: Champion Iron Mines |
Aufstrebende Nationen brauchen Milliarden für die Infrastruktur, um weiter wachsen zu können In den nächsten Jahren wird also zwangsläufig eine Menge Stahl, damit Eisenerz und auch Nickel, Zink, Kobalt sowie Kupfer gebraucht werden. Und Wachstum führt zu mehr Wohlstand, sodass dies wiederum die Edelmetallmärkte anheizen wird, da die Bevölkerung der aufstrebenden Länder dann mehr Geld zur Verfügung hat. Gut positioniert für diese Entwicklung sind die international vertretenen Bergbau-Multis wie Anglo American, Rio Tinto und BHP Billiton. Auch auf Eisenerz fokusierte Konzerne wie Vale und Champion Minerals und Kupfer-Unternehmen wie Freeport McMoRan kann die Entwicklung freuen.
http://www.rohstoff-investingnews.de/gold/...eiter-wachsen-zu-konnen/
In Quebec arbeiten die Regierung, die Hafenverwaltung und die Eisenerz-Produzenten zusammen, um beste Möglichkeiten für den Abbau und Transport von Eisenerz zu schaffen
Die Eisenerz-Produzenten schauen begeistert zum Hafen von Sept-Iles in Quebec, Kanada. Dort werden nahe des Eisenerz-Gebietes Labrador Trought gewaltige Summen investiert um das Verladen und den Abtransport von Eisenerz und damit die ganze Branche voranzubringen. Das 220 Millionen teure Hafenausbauprojekt wird zu 25 Prozent von der Regierung gesponsert. Die Regierung hat also die Bedeutung der Eisenerz-Branche in Quebec erkannt.
49 Prozent bringen die Eisenerz-Gesellschaften auf. Labrador Iron Mines (Isin: CA5054351070) beteiligt sich mit 6 Prozent der gesamten Kosten, New Millenium Iron mit 17, Champion Minerals mit 12, Alderon Iron Ore (CA 01434T1003) mit 9 und Großkonzern Tata aus Indien mit 5 Prozent. Die restlichen 26 Prozent werden von der Hafenbehörde investiert.
An der Entwicklung des neuen „Multi-User-Docks“ nimmt zum Beispiel Anglesey Mining teil, über ihren 26-Prozent-Anteil an Labrador Iron Mines. Jährlich, so die Vereinbarung, werden 50 Millionen Tonnen Eisenerz, bei Bedarf auch noch mehr, auf Schiffe geladen und weiter transportiert werden. Labrador Iron Mines ist ein neuer kanadischer Eisenerz-Produzent. Für 2012 prognostiziert das Unternehmen 2 Millionen Tonnen Eisenerz. 20 Eisenerz-Vorkommen besitzt die Gesellschaft in Quebec und Labrador. Dabei verfügt die James-Mine über eine direkte Zugverbindung zum Hafen von Sept-Iles.
Champion Minerals hat ebenfalls eine Vereinbarung mit der Hafenverwaltung getroffen. Gemäß dieser Vereinbarung soll das Unternehmen mindestens 10 Millionen Tonnen Eisenkonzentrat pro Jahr zu Vorzugstarifen auf Schiffe verladen können. Bis zum 31. März 2014 sollen die neuen Hafenanlagen betriebsbereit sein. Champion Minerals (Isin: CA1585321013) muss rund 25 Millionen US-Dollar in Raten zahlen, wobei dies ein Vorschuss auf künftige Verlade-, Kai- und Ausrüstungsgebühren ist
http://www.rohstoff-investingnews.de/eisenerz/hafenbau-lasst…
CHAMPION MINERALS INC. (TSX: CHM)(OTCQX: CPMNF)(FRANKFURT: P02) ("Champion" or the "Company") is pleased to announce metallurgical results of test work performed by SGS Lakefield Research and interpreted by BBA Inc. on its 100% owned Fire Lake North Project in Fermont, Quebec.
The test work, performed in support of the Fire Lake North Feasibility Study that is scheduled for Q4 2012, has successfully demonstrated that the West Pit and East Pit deposits, which contain predominantly hematite, can be processed using a relatively simple and conventional Autogenous Grinding ("AG") mill with three-stage gravity spiral beneficiation. Due to the very low magnetite content of both deposits, no magnetic recovery circuit is anticipated. The product generated from both heavy liquid separation (HLS) testing and a pilot plant has confirmed that an excellent grade and quality of sinter concentrate can be produced from the West Pit and East Pit deposits of the Fire Lake North Project. The Company is focused on the development of the West Pit deposit for the upcoming Feasibility Study, with the East Pit deposit possibly serving to supplement the mill feed.
Tom Larsen, Champion's President and CEO commented, "The successful results from our metallurgical testing confirm that the Fire Lake North ore will result in a superior concentrate compared to most concentrates produced from existing mines in the southern section of the Labrador Trough. This sinter concentrate is expected to have very low deleterious elements and a very low alumina to silica ratio which makes it an ideal blending product at steel plants; thus, will satisfy broad market requirements. These results have also demonstrated that the ore can be effectively processed without the need for additional separation circuits and will help to lower our processing costs."
In this phase of metallurgical testing, 38 composite samples were prepared for each of the West Pit and East Pit deposits. NQ core samples (quartered) were blended and ground to a final size of 100% passing 20, 24 and 28 mesh (850, 710, and 600 micro m). The complete results of this testing program will be published in the Feasibility Study; however, the following two tables highlight certain key results that were derived from heavy liquid separation.
West Pit HLS Testing - Average of 38 composite samples (sink fraction)
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Mesh � %SiO2 %Al2O3 Al2O3:SiO2
--------------------------------------------------
20 66.0 5.07 0.52 0.10
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24 66.6 4.26 0.52 0.12
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28 67.1 3.65 0.52 0.14
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East Pit HLS Testing - Average of 38 composite samples (sink fraction)
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Mesh � %SiO2 %Al2O3 Al2O3:SiO2
--------------------------------------------------
20 64.7 6.77 0.47 0.07
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24 65.4 6.07 0.44 0.07
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28 66.1 5.09 0.43 0.08
--------------------------------------------------
Apart from silica (SiO2), the only other impurity that was consistently measured was alumina (Al2O3); however alumina fell well below 2%, which is a standard for sinter fines. This, combined with the fact that the alumina to silica ratio is substantially less than 1, will make it an attractive product to blast furnace operators, who may favour it for use as a diluent in raw materials blending strategies with sinter feed of lesser quality.
The West Pit test results showed that an excellent grade of sinter concentrate could be produced by grinding to 100% passing 20 mesh. Further reductions in silica were obtained by grinding to 100% passing 28 mesh. As will be reported in the Feasibility Study, most other impurities (e.g. CaO, MgO) were found to be below detection limits (less than 0.01%) in the majority of composites tested and thus not considered to materially affect product quality. The table below gives product assays that might be considered typical of the West Pit HLS testing for material ground to 100% passing 20 mesh. Of particular note are the low manganese (%MnO) levels. In fact, 26 of 38 West Pit composite samples tested yielded product that had MnO levels below the detection limit of 0.01%. While not yet available at the time of press release, sulphur levels in the product will also be very low, owing to the fact that the two deposits are virtually sulphur-free.
Selected Sink Fraction Assays derived from the testing of West Pit composite samples.
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Sample Fe Magnetite Hematite SiO2 MnO Al2O3
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3 66.52 0.14 95.10 4.56 0.02 0.63
--------------------------------------------------
14 66.45 0.14 95.00 4.75 0.02 0.59
--------------------------------------------------
25 65.12 0.36 93.10 6.27 0.02 0.65
--------------------------------------------------
34 67.15 0.14 96.00 4.24 0.02 0.26
--------------------------------------------------
--------------------------------------------------
Sample MgO CaO TiO2 Cr2O3 V2O5 P2O5 LOI
--------------------------------------------------
less less less
than than than
3 0.01 0.01 0.20 0.02 0.01 0.02 0.36
--------------------------------------------------
less less less less
than than than than
14 0.02 0.01 0.21 0.01 0.01 0.01 0.32
--------------------------------------------------
less
than
25 0.05 0.04 0.18 0.04 0.01 0.02 0.43
--------------------------------------------------
less less less
than than than
34 0.01 0.01 0.05 0.02 0.01 0.02 0.05
--------------------------------------------------
Similar results were derived for the East Pit composite samples. Once again, the chief impurity is silica. The East Pit HLS results do suggest that a slightly finer grind, possibly to 24-28 mesh, may be needed to consistently raise the iron grade to above 65% Fe. However, the East Pit material may also be used in a blending strategy with the West Pit deposit. While not presented, what is also clear from the results is that the majority of the composites tested at 20 mesh (24 of 38) yielded iron grades exceeding 65% Fe, which suggests that large zones within the East Pit may perform comparably to the West Pit. Further testing would be required to confirm such a hypothesis.
http://www.barchart.com/headlines/story.php?id=5800852
Wer sich mit Eisenerz beschäftigt, kommt am Labrador Trough in Quebec nicht vorbei. Dieses gewaltige Eisenerzgebiet könnte Kanadas jährliche Eisenerzproduktion auf 120 Millionen Tonnen anheben
http://www.rohstoff-investingnews.de/eisenerz/der-labrador-trough/
Das Eisenerzgebiet im Nord-Quebecs könnte in den kommenden Jahren zu einer Erfolgsgeschichte werden. Die Provinzregierung Quebecs hat dazu den Plan Nord ausgerufen.
Mit Milliarden-Investitionen will Quebec seinen Norden aufpäppeln. Denn dort leben zwar wenige Menschen. Doch schlummern dort enorme Reichtümer an Rohstoffen. Mit Infrastrukturprojekten sollen diese besser erschlossen werden. Auch Arbeitsplätze sind dabei ein erklärtes Ziel Quebecs. Neben großen Bergbaukonzernen wie ArcelorMittal (ISIN: LU0323134006) positionieren sich vor allem aufstrebende Unternehmen wie ArrowStar Resources (ISIN: CA04281R1029), die zudem in Alaska ein aussichtsreiches Projekt besitzen, und Champion Minerals (ISIN: CA1585321013) im sogenannten Labrador Trough, um in den kommenden Jahren Eisenerzlieferanten mit Top-Qualitäten zu werden. Über die Lage im Norden Quebecs und was von den Regierungsplänen zu halten ist, sprach Rohstoffe-Investingnews mit dem Vorstandschef des Eisenerzkonzerns Champion Minerals, Thomas Larsen.
Rohstoff-Investingnews: Profitiert auch die Eisenerz-Produzenten wie Champion Minerals davon?
Larsen: Die neue Bahnlinie ist für uns und einige andere Unternehmen im Bezirk natürlich von großer Bedeutung, um das Eisenerz zum Hafen zu bringen. Und erst jüngst hat der Hafen von Sept-Iles mit einigen Minenentwicklern, darunter auch Champion Minerals, ein Abkommen abgeschlossen, das eine Finanzierung eines neuen Schiffsladedocks mit einer Kapazität von 50 Millionen Tonnen im Jahr sicherstellen soll. Bereits im Februar hat die Regierung erklärt 25 Prozent, was rund 55 Millionen Dollar sind, zur Finanzierung beizutragen.
Rohstoff-Investingnews: Welche Fortschritte kann Champion in letzter Zeit vorweisen und wie geht es weiter?
Larsen: Ich denke, der Aktienkurs von Champion Minerals hat auf dem aktuellen Niveau einen Boden ausgebildet. Auf diesem Niveau erkennt der Markt jedoch das Potenzial von Champion nicht an. Unsere jüngsten Bohrergebnisse zeigen, dass sich unsere Ressourcen verdoppelt haben. Dies wird in unserer Machbarkeitsstudie bestätigt werden, die wir im vierten Quartal 2012 vorstellen werden. Champion ist aktuell gut finanziert, was bedeutet, dass wir nicht darauf angewiesen sind in dieser Marktphase Kapital aufzunehmen. Dies sichert den Unternehmenswert für der Zukunft ab.
http://www.rohstoff-investingnews.de/eisenerz/eisenerz-quebe…
MONTREAL - Canada's mining industry remains confident about the Labrador Trough's long-term prospects even though waning iron ore prices could prompt some companies to delay their massive development projects in Quebec's northern region.
The spot price of iron ore set a 2-1/2-year low falling to US$111.90 per tonne this week, the weakest since December 2009 amid weakened demand in China. The price is down nearly 20 per cent this year.
That's prompted companies such as Labrador Iron Mines (TSX:LIM) to review their capital spending plans for development programs in Quebec's key producing region.
"You'll see some of the major companies taking a pause perhaps, recalibrating maybe, but everybody is still pretty bullish about the long term," says Pierre Gratton of the Mining Association of Canada.
Prices may have fallen from last year's high of US$170, but they are still three to four times above their historical average.
Urbanization in China has boosted demand for the key ingredient in steel making. Growth in the world's second-largest economy may have slowed, but it's still forecasted to be about 7.5 per cent per year.
That creates a strong fundamental support for the mining industry, said Gratton.
Urbanized communities use 10 to 15 times more steel intensity than rural settings. More than six billion people — the world's current population — are expected to live in cities by 2050.
"China is still expected over the next few decades to consume a lot of steel and we're expecting the volatility of the moment largely as a result of what's going on in Europe to eventually fade and we'll return to the kind of prices we've been enjoying until recently."
Adriana Resources' Lac Otelnuk project has Canada's largest known iron ore deposit and could potentially be one of the largest in the world, with an annual output of 50 million tonnes.
Chief executive Allen Palmiere said commodity prices and financing are key factors that drive timing decisions, but its project is based on a US$75 spot price for iron.
"At that level, the economics appear to be robust so we still have a reasonably high degree of comfort even at today's prices," he said in an interview.
But that may not be the case for all projects in the Labrador Trough, a 1,000 kilometre belt stretching from Ungava Bay in northern Quebec through Labrador.
"I think there's potential for some projects to be delayed," he said.
Projects are typically delayed if companies have trouble obtaining financing if commodity prices and equity markets are weak. In addition to pricing pressures, financial problems in Europe are creating a big overhang, said Palmiere.
"If we see any kind of strengthening in the near term, I wouldn't anticipate there being a big impact, but if there's a sustained reduction in commodity prices, unquestionably you'll see deferment of projects," he said, unwilling to say which ones he views as most at risk.
Jackie Przybylowski of Desjardins Capital Markets said projects most at risk are ones earlier in their development that haven't locked up agreements with steel producers, financing or feasibility studies.
"Our view is that all the projects in our coverage universe are economic still and they would not be at risk," she said.
The analyst covers Adriana Resources (TSX:ADI), Alderon Iron Ore Corp. (TSX:ADV), Champion Minerals (TSX:CHM), Labrador Iron Ore Royalty Corp. (TSX:LIF.UN), Labrador Iron Mines Holdings and New Millennium Iron Corp.
She expects that the addition of new supply from Canada and leading markets in Australia and Brazil could prompt ore prices to fall further in the longer term to US$92 per tonne.
But Jeff Hussey of Champion Minerals hopes such forecasts are wrong.
He points to some recent suggestions, including by Brazil's mining giant Vale, about a price recovery in the third or fourth quarter and says most development projects are based on prices using a three-year moving average.
"When you develop projects like this you don't react to the short-term, you look more to the longer term," said the executive vice-president of development.
Champion hopes to start production at its Fire Lake North site in early 2016.
"We are continuing and are on track with our feasibility study and we're looking to start construction next year," he said.
Like other companies, Champion is looking to reduce operating costs to ensure it is a low-cost producer to weather low price cycles.
"As long as the average (price) is above what you're cost is, you're OK."
The Labrador Trough region has higher operating costs than Australia or Brazil in part because of the distance to ship ore to China. It's also a remote region that requires the building of costly rail, port and electricity infrastructure.
Any delays in production could impact infrastructure projects such as a planned $5-billion Canadian National Railway (TSX:CN) line being studied with support from the Caisse de depot and some mining companies.
Adriana could be among the biggest beneficiaries of the new line, but the company isn't one of those supporting the feasibility study. Palmiere said it is reviewing its other options but expects the railway project will proceed.
Work is well underway on a multi-user port at Sept-Iles, set to open March 2014, that will help reduce costs to producers. The federal government is contributing $55 million to the $220-million project.
That project could help Labrador Iron Mines to dramatically reduce its costs, which are elevated because of an estimated US$20 per ton paid to Rio Tinto in marketing and freight fees.
Lower iron ore prices cut Labrador's revenues in the second quarter and prompted the spending review. Przybylowski expects the company will likely target its Houston project for spending cuts. Construction of a $10 million rail siding planned this year could be deferred until 2013 with minimal impact on the development project's overall timing.
"Further spending deferrals beyond this item would likely lead to delays in project start-up," she wrote in a report.
http://www.goldinvest.de/index.php/...-in-the-labrador-trough-5-25800
Champion Minerals: Corporate Fact Sheet
http://www.goldinvest.de/wp-content/uploads/...act_Sheet_1Aug2012.pdf
Herr Léveillée wird in das Unternehmen in dessen Niederlassung in Montreal eintreten und bringt mehr als 30 Jahre Erfahrung auf nationaler und internationaler Ebene im Personalwesen mit, einschließlich 25 Jahre bei Agnico-Eagle Mines. Zuletzt war Herr Léveillée als Personalleiter und organisatorischer Unternehmensleiter bei der Unternehmensabteilung von Agnico Eagle tätig, wo er für die Erstellung von Unternehmensrichtlinien und Verfahren für Betriebe in Kanada, Mexiko und Finnland verantwortlich war. Vorher hatte er das Amt des regionalen Personalleiters inne, bei dem er Richtlinien und Verfahren für die drei Minen von Agnico Eagles geschrieben hat, die sich in der Verwaltungsregion Abitibi-Témiscamingue in West-Quebec befinden. Während seiner gesamten beruflichen Laufbahn übte Herr Léveillée erfolgreich Ämter in verschiedenen Bereichen aus, wie z. B. in der Personalbesetzung, Personalbeurteilung, Nachfolgeplanung, Vermittlung, Verhandlung, Arbeitssicherheit und Kontaktpflege/Beziehungen zur Gemeinde.
http://www.goldinvest.de/index.php/...eiter-und-beiratsmitglied-25840
Champion freut sich außerdem, Herrn William Harding durch dessen Ernennung in den Beirat des Unternehmens im Team begrüßen zu dürfen. Herr Harding hat umfassende Erfahrungen von über 25 Jahren in Kapitalmärkten im öffentlichen wie privaten Sektor und hat außerdem Erfahrungen in der internationalen Vermögensverwaltung und Anlageberatung. Herr Harding ist derzeit Vorsitzender der Alpine Asset Advisors AG und ist seit 2005 Mitglied des Direktoriums von CI Investments Inc. Herr Harding begann seine Karriere in der Unternehmensfinanzierung bei Wood Gundy (CIBC World Markets) und arbeitete in der institutionellen Kapitalanalyse und im Vertrieb bei Gardiner Watson Ltd. (Morgan Stanley). Vor der Gründung der Alpine Advisors AG war er geschäftsführender Partner eines in der Schweiz ansässigen unabhängigen Kapitalvermittlers (Bruellan SA), der auf die Vermögensverwaltung von Family Offices und Personen mit hohem Eigenkapital spezialisiert ist.
Thomas Larsen, Präsident und C.E.O. von Champion äußerte sich hierzu wie folgt: „Wir freuen uns sehr und schätzen uns sehr glücklich, dass wir zwei sehr talentierte und erfahrene Fachmänner für unser Team gewinnen konnten. Die Vorstandserfahrung von Herrn Léveillée in Quebec wird Champion in hohem Maße nutzen, jetzt da wir die Durchführbarkeitsstudie für das konsolidierte Fire Lake North-Projekt, das zu 100 % dem Unternehmen gehört, abschließen und dessen Entwicklung fortsetzen werden. Außerdem freuen wir uns auf die wertvollen Beiträge, die Herr Harding für unseren Bereit leisten wird.“
@lamaro was hat dein beitrag mit CHM zu tun? enwave
TORONTO, ONTARIO--(Marketwire - Aug. 29, 2012) - CHAMPION IRON MINES LIMITED (formerly CHAMPION MINERALS INC.) (TSX:CHM)(OTCQX:CPMNF)(FRANKFURT:P02) ("Champion" or the "Company") is pleased to announce the signing of an agreement with Canadian National Railway Company ("CN") to participate in the feasibility study of a proposed new multi-user railway that would connect mining projects in the Labrador Trough to the deep water port of Sept-Îles, Quebec. CN's partner in this proposed venture is La Caisse de dépôt et placement du Quebec which, together with a group of iron ore exploration and mining companies, including Champion, are contributing to the cost of the feasibility study.
CN is expeditiously coordinating the application to the Canadian Environmental Assessment Agency for required permitting, which will allow the study to commence with appropriate consultation with First Nations, local communities and other stakeholders.
"The development of a new railway in the Labrador Trough, linking Champion's Fermont Iron Ore Holdings, including its flagship Fire Lake North Project, is of significant interest. It could provide long-term rail capacity with an experienced and established carrier, linking the Company's projects to the new multi-user deep water port where annual ship-loading capacity for a minimum of 10 million tonnes of iron ore concentrate has been secured by Champion," stated Thomas Larsen, Champion's President and CEO. "We look forward to the completion of this study, which will enable Champion to assess this long-term transportation option, a key developmental milestone to complement the feasibility study for Fire Lake North which is well underway."
Under the terms of the agreement with CN, Champion has committed to contribute $1 million to the feasibility study on the railway, that is anticipated to be carried out over the next ten months.