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Tuesday, October 16, 2012

91st Minesite Forum 24th October 2012

Minesite.com Informed comment and independent mining news

 

91st Minesite Forum - 24th October 2012

 

 

Sponsored by

Yorkville

 91st Minesite Forum Wednesday 24th October - 2012
*** NEW VENUE ***
The Brewery
Chiswell Street
London
EC1Y 4SD
(Nearest stations are Moorgate and Liverpool Street)

To Register Click Here or contact support@minesite.com 

Our keynote speaker will be ETF Securities.

ETF Securities is one of the world’s leading providers of exchange-traded investment products and a pioneer in exchange-traded commodities. The company has a strong history of product innovation and listed the world’s first gold exchange-traded commodity in 2003. Today ETF Securities offers one of the world’s most comprehensive ranges of exchange traded commodities and is responsible for approximately US $30.3 billion (as at 28 September 2012) in global investor assets.

Presenting Companies Include:

Condor Gold has recently made great strides with its La India gold project in Nicaragua. La India now boasts a total of nearly 2.5 million ounces of gold, with nearly a million of that available for open pit mining, and the company is in the final stages of preparing a preliminary economic assessment to put some hard financial numbers around any potential development. One key advantage La India has is grade. The open pit portion rings in at 3.7 grams per tonne, and the overall resource runs at a handsome 4.6 grams. That’s far better than any of La India’s nearby rivals can muster, and explains in large part why Condor’s shares have risen so spectacularly over the past few months, from a low of 48p in June, to the current 170.5p. 

Gunson Resources recently secured POSCO, one of the world’s major steel companies, as a 40 per cent partner in its Coburn mineral sands project in Western Australia. That deal brought A$28 million into the company, but the company still needs to find the remainder of the estimated A$180 million that it will require to get Coburn built. Still, the presence of POSCO on the register is a major boost, and Gunson chief executive David Harley has been in talks with potential off-take partners for some time now with a view to securing further funding. Meanwhile, UK broker RFC Ambrian has been making increasingly positive noises about the outlook for the mineral sands sector, notwithstanding caution from Iluka, the major producer. Ambrian points out that there is limited near-term supply, that there’s been a lack of investment in the identification of new projects, that there are no viable substitutes, and that mineral sands cannot be recycled. All of which bodes well for Gunson.

Leyshon Resources has been investigating opportunities in the Chinese coal sector for some time now, but has recently diversified into the natural gas space with the acquisition of an interest in a project in the prolific Ordos Basin in Central China. The company recently commenced a US$5 million, three hole drill programme at the Zijinshan block on the eastern flank of the Ordos Basin. The first two holes should complete by the end of November, while the third will be completed in the early New Year. The structures which Leyshon are drilling are similar in nature to nearby formations on blocks which have hosted several major discoveries recently.  

 

 

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