: New Millennium Iron Corp. (NML: TSX-V)
nachdem das mit dem "Solar - Jahrtausend" leider ein wenig ins Stocken geraten ist, probieren wir es doch einfach mal mit dem "Jahrtausend des Eisenerzes":
Das globale Wachstum, insbesondere in Ländern wie China, Indien & Brasilien scheint ungebremst. Auch aufstrebende Regionen wie Turkmenistan, Kasachstan, Türkei und der mittlere Osten benötigen (neben Energie & Wasser) auf Grund ihres Wachstums und des damit verbundenen Aufbaus der Infrastruktur hauptsächlich eines: Eisenerz...
Nach einem kräftigen Einbruch in den Neunzigern des letzten Jahrtausends ist Eisenerz wieder 'en vogue'. Die hohe Nachfrage bedienen zur Zeit hauptsächlich die drei großen Minengesellschaften Rio Tinto, BHP Billiton & Vale. Seit jetzt bald 2 Jahren beginnt auch Fortescue mit dem Eisenerzabbau...
Die großen Minengesellschaften diktieren die Preise und die Stahl-Produzenten versuchen sich zu wehren, in dem sie selbst Eisenerz-Abbau betreiben bzw. sich in Junior - Minen-Gesellschaften & Explorern einkaufen oder langfristige Abnahmeverträge mit denselben unterschreiben.
NEW MILLENNIUM IRON CORP (Auszug aus der Homepage):
"Robert Martin first discovered the large iron ore deposit alongside Howells River in Labrador, Canada, in the 1960s. In 2003, he started New Millennium Capital Corp. (NML) and gathered together an experienced team with the shared vision of developing the deposit into a world-class iron ore project. In 2006, exploration by NML on an adjacent property at Lac Harris in Quebec indicated the vast extent of the deposit, which was named the Millennium Iron Range."
Mittlererweile hat der indische Konzern Tata, der in England den Stahlproduzenten Corus-Steel gekauft hat und dessen Produktion weiter ausbaut quasi als Futter für denselben eine 60 % - ige Beteiligung an NML bzw. dessen Projekten unterschrieben bzw. in Aussicht gestellt.
Dieser Thread soll dazu dienen, die Chancen und die Risiken eines Investments in Eisenerz, insbesondere der an der TSX gelisteten NEW MILLENNIUM IRON CORP, besser zu erkennen.
New Millennium Iron Corp. Announces the Appointment of Rock Gagnon as Vice-President, Process and Plant Engineering New Millennium Iron Corp. NML 11/1/2012 6:00:05 AM New Millennium Iron Corp. Announces the Appointment of Rock Gagnon as Vice-President, Process and Plant Engineering
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
New Millennium Iron Corp. ("NML" or "the Company") (TSX:NML) announced today that it has appointed Rock Gagnon as Vice-President, Process and Plant Engineering. Mr. Gagnon brings 19 years of experience in design and operation of mineral processing plant and in process design for ferrous, base and precious metals.
Since 2005, Mr. Gagnon worked as an independent consultant assisting New Millennium Iron Corp, Tata Steel Minerals Canada Limited ("TSMC") and some engineering firms in different project developments, mainly in iron ore processing, including process improvement reviews for Tata Steel and Kudremukh Iron Ore Company.
Earlier in his career, Mr. Gagnon worked for COREM in Quebec City as a researcher where he mainly focused on improving comminution technologies. Prior to this, Mr. Gagnon worked for Met-Chem Canada as principal metallurgist and participated in many projects and studies in Canada and worldwide. Mr. Gagnon spent three years at the Troilus Division, Chibougamau, of Inmet Mining Corporation, during the final phase of construction, startup, debottlenecking, process improvements and plant expansion.
Mr. Gagnon holds a BA in mining engineering from the Laval University in Quebec. He will be based at NML's corporate office in Montréal, Canada.
Dean Journeaux, NML's President and Chief Executive Officer, said "I am pleased that Rock has agreed to join the NML core team, full time. His expertise in iron ore mineral processing, his practical experience in plant design and operation as well as in consulting will be most valuable to us as we are completing our Feasibility Study for the Taconite Project jointly with Tata Steel. Being an international leader in the development of iron ore processes and crushing, Rock will help us maximize the potential and economic performance of our resources and projects." http://www.stockhouse.com/news/canadianreleasesdetail.aspx?n=8654833
New Millennium Iron Corp. Announces Financial Results for the Third Quarter Ended September 30, 2012 CALGARY, ALBERTA
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) announced today its financial results for the third quarter ended September 30, 2012. The following review of the Company's financial performance is based on the unaudited Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A"), which have been filed on the SEDAR website at www.sedar.com.
Progress continued in the third quarter on NML's three major iron ore project initiatives, two of which are being carried out with strategic partner and shareholder Tata Steel Limited.
Tata Steel Minerals Canada Ltd. ("TSMC"), in which NML has a 20% ownership interest, has made the following advancements on its Direct Shipping Ore Project ("DSO Project"): (1) Initial mining, crushing and screening of saleable ore at Timmins operating site; (2) advancement of the construction phase, including progress on erection of the dome that will house the processing plant; (3) signing of a long-term agreement with Genesee & Wyoming Inc. and KéRail Inc. for haulage of product to the Tshiuetin Rail Transportation interchange near Schefferville, Québec; and (4) announcement of TSMC's participation in the new multi-user, deep water dock facility at Sept-Îles, Québec.
On NML's Taconite Project, advancement of the wide range of feasibility level work under a Binding Heads-of-Agreement with Tata Steel continued on the large LabMag and KéMag deposits, expected to be completed at year-end. Also, Project logistics were supported by NML's previously announced investment in the multi-user iron ore loading dock now under construction at the deep water port of Sept-Îles, Québec.
On NML's third project, exploration continued at other Millennium Iron Range taconite properties that are controlled by NML and which represent potential opportunities for additional strategic partnerships. In this regard drilling was completed at both NML's 100% owned Perault Lake property and 80% owned Sheps Lake property, and initial results were presented. The Corporation has also started drilling at 100% owned Howells Lake and 80% owned Howells River North as well as additional drilling at KéMag.
Also as previously announced, NML is among a group of mining companies participating in feasibility study of a new railway and terminal handling facility to service mining projects in the Labrador Trough. The study is being carried out by Canadian National Railway Co. and will enable NML to fully assess the transportation options available to its projects.
Subsequent to the quarter, NML presented an update on the DSO Project's 2012 production plan, the overall Project progress and the capital cost estimate. NML also announced the appointment of Mr. Rock Gagnon as NML's Vice President, Process and Plant Engineering. In addition, NML and TSMC together have been named Developer/Miner of the Year for 2012 by the Newfoundland Branch of the Canadian Institute of Mining and Metallurgy.
For the three months ended September 30, 2012, the Company realized a net loss of $3,086,000 ($0.02 per share) compared to a net loss of $1,849,000 ($0.01 per share) for the comparative period in 2011. This loss represents expenses of $3,489,000 (2011 - $2,107,000), net of investment income of $247,000 (2011 - $258,000), other income of $6,000 (2011 - Nil) and service fee revenue of $149,000 (2011 - Nil). The most significant expense items were stock based compensation of $1,112,000 (2011 - $1,628,000), general and administrative expenses of $1,779,000 (2011 - recovery of $204,000), market development expenses of $208,000 (2011 - $318,000) and professional fees of $244,000 (2011 - $351,000). NML's general and administrative expenses for the quarter included an allocation for the payments from Tata Steel Global Minerals Holdings PTE Ltd. ("Tata Steel") for its option on the LabMag Project and KéMag Project as well as an adjustment for prior periods. The net result for the quarter was that general of administrative expenses increased by $568,000 in comparison to a reduction of $1,012,000 for the corresponding period in 2011.
The Company's working capital at September 30, 2012 is $68,114,000 (December 31, 2011 - $109,214,000). The net loss for the nine months ended September 30, 2012, is $6,876,000 ($0.04 per share) compared to a net loss of $7,429,000 ($0.04 per share) for the comparative period in 2011. This loss represents general and administrative expenses of $8,330,000 (2011- $8,622,000) partially offset by service fee revenue of $586,000 (2011 - Nil), investment income of $863,000 (2011 - $593,000) and other income of $6,100 (2011 - $600,000). Again, the most significant components of the general and administrative expenses were: stock based compensation of $3,843,000 (2011 - $4,318,000), general and administrative expenses of $2,491,000 (2011 - $1,016,000), professional fees of $791,000 (2011 - $2,544,000), and market development expenses of $670,000 (2011 - $689,000). Included in the general and administrative expenses for the nine months ended September 30, 2012, NML recorded a reduction of expenses in the amount of $500,000 (2011 - $1,012,000) for payments received from Tata Steel.
As at September 30, 2012, the Company's mineral exploration and evaluation assets increased to $50,896,000 from $35,919,000 as of December 31, 2011, or by $14,977,000. The components of mineral properties at September 30, 2012, were: mineral licences of $2,778,000, drilling of $32,224,000, resource evaluation of $24,230,000, environmental of $13,263,000 and amortization of property and equipment of $95,000, net of tax credits and mining duties of $10,111,000 and the Tata Steel payments of $11,583,000. http://tmx.quotemedia.com/...le.php?newsid=55865476&qm_symbol=NML
Tata Steel Minerals Canada Awarded Miner of the Year for 2012
Tata Steel Minerals Canada and New Millennium Iron have been recognized with the “Miner of the Year Award” by the Canadian Institute of Mining, Minerals and Petroleum (CIM), Newfoundland and Labrador on 3rd Nov 2012 in St John’s. The Award was received by Mr. Bob Martin, founder and former president of New Millennium Iron, Mr. Lee Nichols, Chairman of New Millennium Iron and Mr. Rajesh Sharma, CEO & Managing Director of Tata Steel Minerals Canada Limited. This award is in recognition and acknowledgement of significant strides made by the company and also commencing production in a new iron ore mine in Labrador in 2012. This prestigious Mineral Industry Award was presented at the 2012 Mineral Resources Review, during the Gala Awards Dinner held on November 3rd, 2012 in St. John’s. Mr. Allan Cramm, President of CIM Newfoundland, presented the 2012 Industry Award, as mineral industry representatives from across the province and country gathered in St. John’s for the annual Mineral Resources Review Conference and Trade Show, eastern Canada’s largest mineral industry event. http://www.wallstreet-online.de/diskussion/...a-steel#neuster_beitrag
Kanadische Eisenerzfirmen trotz schwacher Preise mit Chancen
Eine ganze Reihe von Eisenerzfirmen im kanadischen Labrador Trough wollte von den hohen Eisenerzpreisen der jüngeren Vergangenheit profitieren, doch mittlerweile ist die Euphorie größtenteils verflogen. Dennoch bestehen nach Ansicht von Analysten auch attraktive Kaufchancen.
Der Labrador Trough geriet erneut in den Fokus der großen Produzenten wie Rio Tinto (WKN 855018) oder ArcelorMittal (WKN A0M6U2) als die Urbanisierung in China und Indien Anfang des Jahrhunderts die Nachfrage ankurbelte. Für die Stahlhersteller, die seit Langem vom Angebot von Vale (WKN 897998), BHP Billiton (WKN 908101) und Rio Tinto abhängig sind, sollen neue Projekte in Kanada helfen, das Angebot zu diversifizieren. Die chinesische Heibei Iron and Steel Group hat einen Deal mit Alderon abgeschlossen, während Wuhan Iron and Steel eine Vereinbarung mit Century und Adriana Resources (WKN A0F7EL) abschloss. New Millennium Iron (WKN A1JB2V) und die indische Tata Steel brachten ihr erstes gemeinsames Projekt im September ans Laufen.
der absolute Top-Pick unter den kanadischen Eisenerzfirmen im Labrador Trough ist mit großem Abstand New Millennium Iron. Eine tiefergehende Analyse finden Sie hier (4. Post in dem Forenthread):
Man muss besonders hier herausheben, dass die damalige Machbarkeitsstudie zu dem großen Taconite Projekt auf einem Eisenerzverkaufspreis von NUR 90$/t beruhte und dabei die Internal Rate of Return (IRR) immer noch bei 21% lag. Andere Eisenerzfirmen haben mit sehr viel höheren Verkaufspreisen kalkuliert und haben nicht gerade deutlich bessere IRRs.
Bei anvisierten operativen Kosten von ca. 21$/t Eisenkonzentrat und 27-30$/t Eisenpellet kann man auch bei einem Eisenverkaufspreis von 90$/t rentabel arbeiten.
Ende diesen Jahres wird die Machbarkeitsstudie zu dem großen Taconite Projekt veröffentlicht werden. Dann hat Tata Steel 90 Tage Zeit, um eine Investitionsentscheidung zu treffen (oder zu vertagen oder zu versagen).
Das aktuell in Produktion befindliche DSO-Projekt ist bis Ende 2013 im Ramping-up-Process und soll auf bis zu 6 mio. T/Jahr an Produktion hochgefahren werden. Anvisierte operative Kosten: 32,50$/t Fe.
Daher bleiben die internationalen Eisenerzproduzenten, die in Australien und Amerika gute Projekte besitzen interessant. Neben den Branchengrößen wie Vale, BHP Billiton und Rio Tinto gibt es aber auch eine Reihe kleinerer Unternehmen, die sich der Anleger genauer anschauen kann. Aufstrebende Eisenerzproduzenten sind beispielweise
Fortescue Metals (ISIN: AU000000FMG4), Champion Iron Mines (ISIN: CA15854B1004), Baffinland Iron Mines (ISIN: CA0566201079), Cuervo Resources (ISIN: CA22983R1055), Cap-Ex Ventures (ISIN: CA1390971093), New Millennium Iron Corp. (ISIN: CA64753V1067), Arrowstar Resources (ISIN: CA04281R1029) und Oceanic Iron Ore Corp. (ISIN: CA67524Q1081).
December 14, 2012: Today an important milestone in the construction of the plant was achieved. All 38 trusses of the dome were erected successfully overcoming many difficulties including weather. The momentum continues with the effort now directed towards the dome end walls and foundations for main process plant.
New Millennium Iron Corp. Announces the Completion of Drilling for the Year 2012 and Additional Drilling Results for Howells River North and Howells Lake Properties
New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) announced today the completion of drilling for the year 2012. Drilling was carried out at several of its properties in the Millennium Iron Range ("MIR") (see Table 1 for details). The program started on March 2 and was completed on October 22, 2012. During this period 153 holes were drilled for a total of 17,312.6 m. The areas drilled in 2012 are shown in Figure 1. Additional drill results of the Howells Lake area (see Table 2), comprising the 100% NML owned Howells Lake property and the 80% (1) owned Howells River North, now confirm that this area is a stratigraphic continuation of the LabMag deposit and connects to the KéMag deposit in Québec. The combined area of Howells River North and Howells Lake is 24.5 km² with varying thicknesses due to a low angle thrust fault in the east side.
New Millennium Iron Corp. Announces Status Update for the Taconite Feasibility Study
CALGARY, ALBERTA--(Marketwire - Dec. 31, 2012) -
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) announced today the progress of the Taconite Project Feasibility Study ("FS") it is carrying out jointly with Tata Steel. An interim report has been submitted by the Study Manager ("SM"). Certain sections remain to be completed. The SM wishes a further period to complete its internal corporate review process, which includes technical aspects and finalization of the capital cost estimates. NML and Tata Steel have agreed to the SM's request.
Dean Journeaux, President and CEO of NML, said, "The Feasibility Study has progressed steadily and is now at the point where we can see its completion. The Study has been comprehensive and the SM has been thorough in recognizing the project's great scale and incorporating that into their interim report. We look forward to receiving the SM's final draft report at which time Tata Steel and NML can plan for the release of the Feasibility Study."
New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) announced today that is has made the necessary filings, and received the necessary approvals to conduct a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX").
The TSX accepted the Corporation's notice to conduct the NCIB to purchase outstanding common shares on the open market, in accordance with the rules of the TSX. As approved by the TSX, the Corporation is authorized to purchase up to 5,000,000 common shares, representing approximately 2.8% of the currently issued and outstanding common shares of the Corporation. As of today's date, there are 179,471,646 common shares outstanding. On any trading day, NML will not purchase more than 46,091 common shares, other than through block purchase exceptions.
The Corporation is authorized to make purchases during the period from January 23, 2013 to January 22, 2014, or until such earlier time as the NCIB is completed or terminated at the option of the Corporation. Any common shares the Corporation purchases under the NCIB will be purchased on the open market through the facilities of the TSX, at the prevailing market price at the time of the transaction. The Corporation has appointed Haywood Securities Inc. as its broker to conduct the NCIB transactions. All common shares acquired under the NCIB will be cancelled. During the 12 months preceding January 23, 2013, the Corporation did not repurchase any common shares.
Management of the Corporation believes that from time to time the market price of the NML common shares may not reflect their underlying value and that, at such times, the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. In addition, the purchases by NML under the NCIB may increase liquidity to the Corporation's shareholders wishing to sell their common shares.
New Millennium Iron sendet die falschen Signale aus
Im Allgemeinen begrüßen es Analysten, wenn börsennotierte Gesellschaften ankündigen, eigene Aktien zurückkaufen zu wollen. Anders bei dem Eisenerzproduzenten New Millennium Iron (WKN A1JB2V)...
Anfang dieser Woche hatte das in Calgary ansässige Unternehmen veröffentlicht, dass man plane, bis zu 5 Mio. eigene Aktien am Markt zurückzukaufen - das würde zum derzeitigen Kurs rund 6,6 Mio. CAD kosten. Wie die Analysten von Desjardins Securities ausführen, verfügt New Millennium über ausreichend Kapital für diese Maßnahme. Allerdings sei dieses bislang für die Entwicklung der DSO- (Direct Shipping Ore) und Takonitprojekte des Unternehmens im Labrador Trough vorgesehen. Nun fragen sich die Experten, ob der Rückkauf bedeutet, dass diese Projekte auf Eis gelegt werden.
Und Desjardins ist auch der Ansicht, dass der Markt die Ankündigung nicht positiv beurteilen wird. Denn sie deute an, dass die Entwicklung des Takonitprojekts auf dem Spiel stehe, wenn das Management nicht mit Ausgaben für dieses rechne.
Die Analysten gehen davon aus, dass New Millenniums Anteil an den Investitionskosten für die zwei Projekte rund 970 Mio. Dollar beträgt, von denen 40 Mio. Dollar schon dieses Jahr fällig werden sollten. Ende September verfügt das Unternehmen ihren Angaben zufolge über liquide Mittel in Höhe von 11,75 Mio. Dollar und über weitere, kurzfristig angelegte 65,8 Mio. Dollar.
Kleinere Minenfirmen legen eher selten Aktienkaufprogramme auf, da sie in der Regel nur geringe Umsätze generieren und sich auf die Exploration und Entwicklung ihrer Projekte konzentrieren müssen. Allerdings ist New Millennium in einer besseren Position als viele Konkurrenten, da die Produktion auf dem DSO-Projekt des Unternehmens bereits angelaufen ist.
New Millennium Reports Initial 3.58 Billion Tonnes Resources at Sheps Lake and Perault Lake
New Millennium Iron Corp. (TSX:NML) today announced the resource estimation for its 80%(1) owned Sheps Lake and 100% owned Perault Lake properties in Newfoundland and Labrador. Data collected from its 23-hole (1,920.1 meter) in Sheps Lake and 50-hole (3,890.8 meter) in Perault Lake, 2012 drilling program have resulted in NI 43-101 compliant mineral resource estimates, at a cut-off grade of 18% DTWR, of 3.58 billion tonnes of Indicated Mineral Resources and an additional 795 million tonnes of Inferred Mineral Resources as shown in Table 1 below.
ist seit 3 Tagen bekannt, (Quelle:) und auf der Homepage des Unternehmens nachzulesen:
Die Machbarkeitsstudie für die zu bauende Bahnlinie durch CN ist durch:
"... New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) announced today that the Canadian National Railway Co. ("CN") has suspended the feasibility study for the construction of its proposed rail line and terminal handling facility ..."
zu erwarten, aber positiv, dass wir hier die Ansage haben ...
manchesmal werden sie eben auch nicht erfüllt ;-))
sorry für (meine persönliche) Fehlübersetzung.
Die Machbarkeitsstudie wird unter den aktuell herrschenden Bedingungen nicht weiterverfolgt ...
“... The study has been progressing steadily over the past several months. However, the current market realities have resulted in anticipated delays with mine development projects in and around the Labrador Trough. A joint review of the project together with the mining companies indicates that mine construction schedules and diverging needs for each specific individual project will make it difficult to obtain the critical volumes of iron ore necessary to support the building of new rail and terminal infrastructure by CN,” the railway stated in a release this morning. ... "
New Millennium Iron Corp. Announces Tata Steel Minerals Canada's Positive Agreements with Labrador Iron Mine Holdings Limited for Its Direct Shipping Ore Project
New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) announced today that Tata Steel Minerals Canada ("TSMC"), in which NML has a 20% interest, has entered into a multi-faceted framework agreement with Labrador Iron Mines Holdings Limited ("LIM") that favourably impacts the Direct Shipping Ore ("DSO") Project owned and operated by TSMC. The agreement involves cooperation in transport and port infrastructure development as well as transactions for development of LIM's Howse deposit and TSMC's Timmins 4 deposit. Both companies will enjoy the benefit of cost synergies from the rationalization of various aspects of their respective iron ore operations. The companies intend to enter into definitive agreements to formalize this agreement in due course.
08/16/2013 CALGARY, Alberta, Canada (Marketwired – August 16, 2013) – New Millennium Iron Corp. (“NML”, the “Company” or “Corporation”) (TSX: NML) (OTCQX: NWLNF) announced today that Tata Steel Minerals Canada Limited (“TSMC”) and the NunatuKavut Community Council (“NCC”) signed a Cooperation Agreement for the Direct Shipping Ore (“DSO”) Project.
TSMC is a joint venture between Tata Steel Limited and NML, which have 80% and 20% interests, respectively. TSMC is developing iron ore deposits in the Canadian provinces of Quebec and Newfoundland and Labrador. TSMC is part of Tata Steel Group of companies. Tata Steel Group is among the top ten global steel companies with crude steel capacity of over 26.5 million tonnes per annum (mtpa). Tata Steel has over 80,000 employees across five continents and is a Fortune 500 company.
NCC stated in a press release dated August 14, 2013, “NCC is the aboriginal organization representing the Southern Inuit of Labrador. The Southern Inuit of Labrador number approximately 6,000 and have asserted Land Rights to a vast area of Labrador. The aboriginal organization from Labrador and the mining company have been in negotiations for many months to form an agreement that addresses issues of concern for NCC and provides socio-economic benefits to NCC and its people. The agreement covers environmental protection, employment, and business opportunities including financial benefits. It also commits TSMC to make every reasonable effort to ensure that contractors hired to work on the DSO Project also comply with the agreement where warranted.”
“Companies know they have to deal with our real concerns,” says Todd Russell, NCC President, in the same press release. “This is another indication that we can do so in an air of mutual respect.” Russell adds “It’s about building right relationships, and this agreement will work to achieve just that.”
Rajesh Sharma, Chief Executive Officer & Managing Director of TSMC, said, “We are very happy to sign this agreement with NunatuKavut Community Council, which attests our desire to continue building positive relations with the communities. This is in line with the Tata Group’s philosophy of considering the community as an integral part of its business. The signing of this agreement is an important milestone in the journey of TSMC.”
Dean Journeaux, President and Chief Executive Officer of NML, said, “NML is happy to see that TSMC has made this agreement with NCC. It is a continuation of the many steps that contribute to achieving NML’s stated vision and goal of further developing and benefitting the people living in its project areas. The Millennium Iron Range projects will benefit from the availability of qualified local people for operating and management roles.” http://www.nmliron.com/news-media/news-releases/nr1323
09/17/2013 CALGARY, Alberta, Canada (Marketwired – September 17, 2013) – New Millennium Iron Corp. (“NML” or the “Corporation”) (TSX:NML) (OTCQX:NWLNF) announced today that Tata Steel Minerals Canada (“TSMC”), in which NML has a 20% interest, has made the first shipment of products from its Direct Shipping Ore (“DSO”) Project.
The vessel MV Sterling with a cargo of approximately 77,000 tonnes of iron ore sinter fines departed from the Iron Ore Company of Canada’s terminal facilities in Sept-Îles, Québec, on September 14th. Shipments through the Sept-Îles terminal are an interim step as TSMC awaits the completion of the arrangements for access to its new Pointe Noire Dock. The vessel will discharge in Europe for Tata Steel Europe’s plants.
Dean Journeaux, New Millennium President and CEO, said, “This is a singular milestone for NML and its shareholders as TSMC officially enters the iron ore market with its first shipment. Production and rail haulage from the DSO Project are now well established and seaborne shipments have now begun.” http://www.nmliron.com/news-media/news-releases/nr1324
...für die DSO Projekte Timmins (hin zum Hafen) von NML/ TSMC
erfolgt von LIM's neu errichteter Erz-Aufbereitungs-Anlage Silver Yard aus
und ist bereits praktisch abgeschlossen ...
Es wird hier seehr eng zusammengearbeitet - siehe auch die Stellenanzeigen für die einzelnen Projekte von LIM/TSMC ...
" ... Zone D & E- Rail Loop and Link to TSH:
Empty trains will enter the loop and loaded before resuming the return trip back to the Port. The Rail Link starts at the end of the loop and is 16 km long. It will join LIM’s tracks going through Silver Yard which connects to the TSH Railway.
The rail contractor has started rail construction on the rail loop and laid out material and set track on the center spur to the QC border and the Silver Yard .
All material for the rail has been stockpiled along the center spur
The objective is to complete the Rail Link in Q4 2013 ... "