Top-News of the week:
MacArthur Minerals announces 200-Million-Dollar-Deal
A couple of days ago, MacArthur Minerals announced that it has entered into a non-exclusive mandate with the Tulshyan Group to raise up to AU$200 million with an initial tranche of AU$50 million to develop the Company’s Ularring hematite iron ore project located in Western Australia.
The Tulshyan Group made a strategic investment in the Company in January this year. Based in Singapore, it is one of the largest recyclers of scrap steel in the world, has a significant shipping business with a fleet of over 30 ships and is expanding its commercial aircraft leasing business. The Tulshyan Group has significant experience in sales, marketing of steel and iron ore and access to capital for potential development of the Company’s Western Australian iron ore projects.
A major step for MacArthur Minerals, which led to a course raise of around 100% within only a few days.
Market Watch:
Uranium stocks offer another entrance opportunity
The uranium spot-price showed only one direction within the last 6 weeks: upwards! From below US$ 18 per pound of U3O8 it climbed to above US$26.60. In the last few days there was some small correction to US$24. This was reflective to the courses of many uranium stocks, as well. A small consolidation can be healthy for the uranium sector and furthermore brings another entrance opportunity for many uranium stocks. Because one thing should be clear: The spot price will, it has to rise, firstly by the fact that the market will face-off a striking supply deficit and secondly by the fact that no current mine is able to profitably produce uranium at the current spot-price level.
Video: Uranium - Solution for pollution
Video: Uranium Special 2017 - Dr. Torsten Dennin, Tiberius AG
Crude oil:
OPEC is fooling investors!
We already made it public in SRC newsletter 49/2016, now the mainstream also jumps onto the train: The OPEC is fooling investors regarding its (reduction of) production rates. As announced in December 2016, OPEC wanted to reduce its daily production rates to 32.5 million barrel. Regarding data from “Futures-Service”, the production rates of January 2017 stood at 32.1 million barrel. OPEC celebrated this number as a big success and exploited it via mainstream-media, which led to higher oil prices. But in truth, these numbers are not more than pure fantasy. The reason for that is simple: Indonesia left OPEC at the end of 2016, which led to a production reduction of 700,000 barrel per day, even though Indonesia will produce this amount furthermore as a non-OPEC-member. By counting Indonesia back in, OPEC would have a production rate of 32.8 million barrel and therewith 300.000 barrel more than the announced aim. So, it is always good to have a closer look on such news. We will have a closer look on those and we will also inform you about similar wheeling and dealing.
Video: Energy Market Outlook 2017 - Dr. Torsten Dennin, Tiberius AG
Company News:
MAG Silver high-grade intercept to extend Valdecanas West
A couple of days ago, MAG Silver announced that the company intersected some high-grade veins which extend the Valdecanas Deep Zone West.
The best intercepts were as follows:
- DEEP ZONE WEST: 9.70m (true width) grading 120 g/t (3.51 opt) silver, 2.46 g/t gold, 5.55% lead, 5.08% zinc, 0.21% copper.
- DEEP ZONE EAST: 5.20m (true width) grading 333 g/t (9.72 opt) silver, 16.87 g/t gold, 4.47% lead, 3.77% zinc, 1.04% copper, including: 1.44m (true width) grading 854 g/t (24.91 opt silver); 54.67 g/t gold, 3.21% lead, 2.72% zinc, 2.28% copper
- ANTICIPADA VEIN: 5.60m (true width) grading 177 g/t (5.17 opt) silver, 7.36 g/t gold, 2.39% lead, 6.31% zinc, 0.12% copper, including: 3.15m (true width) grading 283 g/t (8.25 opt silver); 12.62 g/t gold, 3.62% lead, 8.42% zinc, 0.17% copper
Sibanye Gold completes debt financing for Stillwater acquisition and receives award
A couple of days ago, Sibanye Gold announced that it has successfully closed the syndication of the bridge facilities, underwritten by Citi and HSBC, to support its acquisition of Stillwater Mining Company, which was announced on 9 December 2016. Citi and HSBC also acted as Mandated Lead arrangers and Book runners in respect of the Facilities. Syndication of the Facilities was launched in early January 2017 and was oversubscribed by more than US$1 billion. The Facilities were structured with three tranches including Facility A comprising a US$750 million bridge-to-equity (which will be repaid following a planned rights offering), Facility B comprising a US$300 million bridge-to-cash and Facility C comprising a US$1,600 million bridge-to-debt capital markets. Syndication raised over US$3 billion of commitments into the syndicated $1.9 billion combined B and C Facilities, across a final syndicate of 16 banks. The syndication attracted strong interest from banks with existing relationships with Sibanye, as well as a number of new international banks, which we believe reflects confidence in Sibanye’s operational and financial strategy.
Furthermore, Sibanye reported that its proposed US$2.2 billion acquisition of Stillwater Mining Company was placed first in the Deal of the Year category at the prestigious Ansarada DealMakers annual gala awards ceremony.
News: Sibanye closes syndication of US$2,650,000,000 bridge facilities
Altona has recently been informed by Sichuan Railway Investment Group (“SRIG”) that the State-owned Assets Supervision and Administration Commission of the State Council of the Sichuan Province of the People’s Republic of China (“SASAC”) has given SRIG approval to proceed with the transaction with Altona to form an incorporated joint venture (“JVCo”).
SRIG’s remaining conditions precedents to closing the transaction are:
- Approval of Sichuan Provincial Government
- Approval of Australian Foreign Investment Review Board (FIRB)
- Chinese regulatory filings
Birimian Limited: High-grade mineralization extended!
A short time ago, Birimian Limited that it was able to significantly extend the West Zone of ist Bougouni lithium project.
The high-grade lithium mineralization at the Goulamina West Zone showed the following results:
- 80m @ 1.48%Li2O from 43m
- 44m @ 1.75 % Li2O from 82m, and
- 23m @ 1.97 % Li2O from 129m
- 45m @ 1.72 % Li2O from 57m
- 22m @ 1.89% Li2O from 14m
With a Mineral Resource at Goulamina of 15.5 Mt @ 1.48 % Li2O, for 229,000 tons of contained Li2O, the deposit is among the highest-grade lithium deposits of significant size globally. The current drilling program has been designed to expand the existing resource and enable upgrades to resource classifications for detailed feasibility assessments.
Two diamond rigs and an RC rig are currently on site and have completed the original planned 10,000 meters of drilling. Given the early encouraging signs, the program has been extended to incorporate additional drilling in selected priority areas.
News: Drilling extends High Grade Mineralisation at West Zone - Bougouni Lithium Project
A few days ago, Fission Uranium announced that the winter exploration drill program at its PLS property in Canada's Athabasca Basin, will be expanded to include a further 29 new drill holes.
The addition of 29 holes brings the total number of Winter drill holes to 63 holes, including:
- 37 holes, including 23 core and 14 reverse circulation (RC) holes, focusing on key regional exploration targets for potential new discovery. These target areas include:
- An area of interest approximately 600m west of the R840W zone
- Untested areas to the west along the Patterson Lake Corridor, near the High-Grade uranium boulder field
- Carter Corridor - a parallel conductive trend to the Patterson Lake Corridor located approximately 4km north of the Triple R deposit
- EM conductors located between Patterson Lake and Forest Lake Corridors
- Eastern and western ends of the Patterson Lake Corridor
- 26 holes focused on expansion of the new recently discovered high-grade R840W and R1620E zones located on the western and eastern ends of 2.63km mineralized trend. These zones have the potential to be included in a future Triple R resource estimate update
- 28.5 line-km of ground-based Small Moving Loop Time Domain Electromagnetic (SMLTEM) survey aimed at identifying areas of stronger, wider mineralization
- Land Based Acoustic Survey to obtain detailed information of overburden and, importantly, maps out the overburden / bedrock interface and any subtle faulting and offsets at the bedrock and shallow basement penetration
Alabama Graphite produces nearly a hundred per-cent pure Graphite!
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