Noventa... die Bombe!
Noventa Limited - Update on Interim Comminution Circuit
Press Release Source: Noventa Limited On Friday February 18, 2011, 2:00 am EST
TORONTO, Feb. 18 /CNW/ - Noventa (AIM: NVTA) (Toronto:NTA.TO) is pleased to announce that it has completed the construction of its new interim comminution (crushing) circuit ("ICC") at its Marropino Mine ahead of schedule. Subject to testing and commissioning, the ICC should enable an increase in production of tantalum concentrate from its current annual rate of 50,000 lbs to a minimum of 200,000 lbs contained tantalum per annum ("p.a."), by the middle of March 2011, bringing the Company closer to cash flow break-even.
The addition of the ICC represents a major step towards full production of over 600,000 lbs p.a. of contained tantalum, which is expected to be reached later in the year. The approach of analysis, testing and proving each step of the mining chain from operating the pit through to delivery to the client has added significant confidence in the process and enabled the development of staff and processes that are no longer theoretical, but tested on an industrial scale.
The construction of the ICC was part of a wider programme that has involved the reconditioning and recommencing of run of mine ("ROM") operations from the Marropino open pit to deliver ore to the plant at a consistent grade of approximately 220ppm which will replace the grade of 118ppm ore currently obtained from processing tailings. Noventa will commence processing ROM material in conjunction with commissioning of the ICC and anticipates being able to continue to obtain ca. 51 per cent. recovery rate. The Company has also undertaken the recruitment and training of staff to move from 12 hour shifts to sustainable 24/7 operations.
The ramp up and reconditioning plan has included the purchase of a fleet of mobile vehicles (two Caterpillar Articulated Dump Truck ("ADTs") 740's, a Bell D30 ADT, a CAT 345C Excavator, and a second smaller drilling rig to be utilised for pit blasting activities), the ICC crushing circuit (OreCrusher Dual Drive Vertical Shaft Impactor, Joest Vibrating Screen and Feeder and a Pilotcrushtec conveyer belt system) and associated ancillary civil and other structures including staff accommodation, and electrical equipment. To maximise tantalum concentrate recoveries and efficiency of capital expenditure, Noventa intends to eventually embed the ICC crushing circuit within the new 600,000 lbs p.a. process plant (due to start commissioning in the third quarter of this year), and for the existing processing plant to form a new re-circulation circuit within the new process plant.
The task of building the ICC, despite the extended procurement distances and transportation challenges posed by the Mozambique rainy season (January to April), further demonstrates the ability of the team to succeed. That it has been completed earlier than the anticipated second quarter of this year is testament to the cooperation of key suppliers and the dedication of the project team who have produced solutions to the many problems previously posed and in readiness for the new main processing plant.
Chairman, Mr. Eric Kohn TD, commented, "I am delighted to be able to report the achievement of this key milestone which lies on the critical path to full, profitable production scheduled for later this year, and congratulate our suppliers, the project team and management for their sterling efforts and achievements to date."
http://finance.yahoo.com/news/...enta-cnw-486951089.html?x=0&.v=1
Noventa expects its tantalum output to increase to 200,000 lbs per year after completing the construction of an interim crushing circuit at its Marropino mine in Mozambique, the company said on Friday.
...
http://www.metalbulletin.com/Article/2772846/...-output-fourfold.html
auf 19,75%
Institutional Shareholders:
Top Holders
Holder Shares Held / % of Shares Held
Richmond Capital LLP 39.56m 7.80% as of 09 Feb 2011
Kaizen Capital LLC 26.65m 5.26% as of 09 Feb 2011
FIL Investments International 18.00m 3.55% as of 20 Jan 2010
BlackRock Investment Mngmt Ltd. 12.24m 2.42% as of 20 Jan 2010
Hargreave Hale Limited 3.63m 0.72% as of 30 Nov 2010
Source: FactSet Research Systems Inc.
http://markets.ft.com/tearsheets/businessProfile.asp?s=NVTA:LSE
% Shares Owned: 39.56%
# of Holders: 12
Total Shares Held: 201,430,720
3 Mo. Net Change: 72,412,700
# New Positions: 6
# Closed Positions: 0
# Increased Positions: 6
# Reduced Positions: 2
# Net Buyers: 4
http://www.reuters.com/finance/stocks/...hts?symbol=NTA.TO&rpc=66
2 March 2011
http://noventa.net/pdf/010311-Exercise-of-Options.pdf
Das deckt sich weitgehend mit den Angaben von Reuters (39,56%).
% Shares Owned: 41.73%
# of Holders: 13
Total Shares Held: 212,489,320
3 Mo. Net Change: 70,640,600
# New Positions: 6
# Closed Positions: 1
# Increased Positions: 6
# Reduced Positions: 3
# Net Buyers: 3
http://www.reuters.com/finance/stocks/...hts?symbol=NTA.TO&rpc=66
Resource Capital Research -- March Quarter 2011 Equity Research Report
Global Rare and Minor Metal Companies
http://www.marketwire.com/press-release/...esearch-Report-1406107.htm
By Peter Schroeder - 03/05/11 07:55 PM ET
http://thehill.com/blogs/on-the-money/...m-on-conflict-minerals-rules
Q9N: AUSSETZUNG/SUSPENSION
DIE FOLGENDE AKTIE IST AB SOFORT AUSGESETZT:
THE FOLLOWING SHARE IS SUSPENDED WITH IMMEDIATE EFFECT:
INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL
Noventa Ltd. Q9N JE00B1RPM978 BAW/UFN
© 2011 Xetra Newsboard
http://www.finanznachrichten.de/...-q9n-aussetzung-suspension-029.htm
http://www.onvista.de/aktien/times_sales.html?ID_NOTATION=17258368
DIVERSE: AENDERUNG / CHANGE ISIN
07.03.2011 14:51
FUER FOLGENDE INSTRUMENTE WERDEN ISIN, WKN UND KUERZEL GEAENDERT. GUELTIG AB: 08.03.2011. FOR THE FOLLOWING INSTRUMENTS ISIN, WKN AND SHORT CODE WILL CHANGE. VALID FROM MARCH 08, 2011.
Einstellung Aufnahme ISIN Kuerzel Name Einst. mit Ablauf: ISIN Kuerzel Name Ab dem:
US1174211078 BEM BRUSH ENGINEERED MAT.DL 1 07.03.2011 US5766901012 BEM MATERION CORP. 08.03.2011 Tausch 1:1
US05461A1088 BAE1 AXIAL VECTOR E.NEW DL-001 07.03.2011
US0022881082 BAE2 AVEC CORP 08.03.2011 Tausch 150:1
JE00B1RPM978 Q9N NOVENTA LTD. 07.03.2011 J E00B3YDHF95 Q9N1 NOVENTA LTD. 8.03.2011 Tausch 20:1
http://www.finanznachrichten.de/...erse-aenderung-change-isin-029.htm
Mit Wirkung vom / effective from: 7. März 2011
Name: Noventa Ltd.
WKN: A0MNAA
ISIN: JE00B1RPM978
Veränderung/
Change:
Zusammenlegung im Verhältnis: 20 : 1
neue ISIN: JE00B3YDHF95
http://www.boerse-berlin.de/data/publications/Publication_20477.pdf
21st March 2011
TORONTO (miningweekly.com) – Jersey-based Noventa, which mines tantalum in Mozambique, has raised $11-million from selling convertible preference shares, it said on Monday.
The company will use the money to buy equipment and pay for the upgrade of the plant at its Marropino mine, located in the north east of the country.
“The management team and I will do everything possible to achieve the speedy commissioning of the upgraded processing plant at the Marropino mine and to reach our targeted tantalum production rate of over 600 000 lb/y,” chairperson Eric Kohn said in a statement.
The convertible preference shares have a nominal value of £1,00 each and carry an annual coupon of 10% of the issue price, payable quarterly in arrears. Each share is convertible at any time into an ordinary Noventa share.
Last year, Noventa said it would upgrade the plant at the project to improve recoveries and boost production of tantalum, used in smart phones, laptops and jet turbine blades.
Kohn said that Noventa is one of only two tantalum miners outside of the Democratic Republic of Congo (DRC), where rebel groups have exploited the mineral to fund their activities.
This has led US legislators to introduce a new law that requires companies to prove that they don’t use so-called conflict minerals from the DRC and its neighbouring countries.
Aim- and TSX-listed Noventa closed on Friday at $3,47 in Toronto, giving it a C$104-million market capitalisation.
http://www.miningweekly.com/article/...ertiible-share-sale-2011-03-21
March 24th, 2011 (macauhub)
Jersey, United Kingdom, 24 March – The US$11 million raised by mining company Noventa from issuing convertible shares will be invested in acquiring equipment and modernising its tantalum mine in Marropino, in Mozambique’s Zambézia province, the Jersey-based company said in a statement issued Monday.
In a statement, the company’s chairman Eric Kohn said that, “the executive team and I are going to do all we can to achieve the rapid modernization of the Marropino mine in order to reach the production target of 600,000 pounds in weight per year.”
The shares had a nominal price of 1 pound sterling each and can be converted into ordinary shares at any time.
In 2010, Noventa announced plans to modernize the Marropino mine in order to increase production of tantalum, a mineral that is used in smartphones, portable computers and in the blades of jet engines. (macauhub)
http://www.macauhub.com.mo/en/2011/03/24/...e-invested-in-mozambique/
"HAMC Limitada Appoints Dioleciano Delio Darsamo as Director"
03/29/2010
The Board of Noventa announced the appointment of Dioleciano Delio Darsamo, 38, as a Director of HAMC Limitada. Delio is the Engineering Manager at the company's Marropino mine. Having worked in the electrical and mechanical engineering fields since graduating, he has been directly involved in the construction, commissioning, start up and operations of two major projects in Mozambique: BHP Billiton's aluminum smelter and Kenmare Moma titanium mine. He has over 12 years experience in the mining and metals industries in Mozambique.
http://investing.businessweek.com/research/stocks/...vcapId=100132941
Hier aber noch eine interessante Übersichtsseite über Firmenstruktur, Management sowie wichtige Anteilseigner von Noventa Ltd.:
http://122.252.5.122/companies/sponsors_landing/940/noventa-0940.html
TANTALUM from a stockpile at Greenbushes is being delivered into the marketplace.
This is as a result of worldwide interest in the re-opening of the mining operation.
Global Advanced Metals is looking to address an increased global supply and demand imbalance for tantalum by delivering material into the market from a strategic stockpile produced at the Greenbushes processing plant following the closure of its Wodgina mine in late 2008.
Chief executive officer Bryan Ellis said since January’s announcement that it would restart production at Greenbushes the company has received sales enquiries well in excess of the 700,000 pounds per annum production rate.
“The interest shown in the re-opening of our mining operations reflects both the rapidly reducing global stockpiles of tantalum and the supply challenges facing some regions for the foreseeable future,” Mr Ellis said.
The company believes current and projected market conditions will ensure the improvement seen in tantalum pricing is sustainable into the future.
http://www.donnybrookmail.com.au/news/local/news/...rows/2111955.aspx