CARDERO WKN 919945 - entscheidende News 28.03.09

Die Chinesen wollen offensichtlich in der Marcona Region in Peru ein Stahl- und Miningzentrum bauen, dazu brauchen sie die Eisenerzprojekte von Cardero.
Der Megaport San Juan wird zum Eingangstor für China ins südliche Südamerika und durch die geplanten Transportwege über die Anden auch das Ein- und Ausgangstor der Chinesen für Brasilien und Argentinien.

Pampa de Pongo dürfte jedoch nur ein kleiner Vorgeschmack auf das was noch möglich ist sein, Cardero hat
nicht nur in der Region Marcona weitere hoch interessante Projekte.

Cardero ist schuldenfrei und hat ausserdem noch 2 sehr attraktive Beteiligungen mit ITH Mines und Trevali,
aktueller Gegenwert rund 10 Mio. USD.

Am 28.03.09 wurde in der peruanischen Presse nun gemeldet (siehe unter) das die milliardenschwere Investition von Nanjinzhao "ratifiziert" wurde.
Die Ratifizierung kann nur bedeuten das von der obersten administrativen Stelle von China die endgültige
Genehmigung für das Projekt gegeben wurde.
Somit haben  die Zahlungen von 10 Mio. Euro und darüber hinaus die Restzahlung von 188 Mio. Euro sehr konkrete Formen angenommen.

Der endgültige Durchbruch für Cardero steht an.

Die Marktkap. von Cardero beträgt derzeit rd. 80 Mio. USD, angesichts des PdP Deals und der Projekte und
Beteiligungen eine günstige Chance.


zur Vorgeschichte:
Der kanadische Rohstoffexplorer Cardero Resources gab im vergangenen Herbst bekannt, sein Pampa-De-Pongo-Projekt gegen eine Barzahlung von 200 Millionen US-Dollar (USD) an den chinesischen Investor Nanjinzhao verkaufen zu wollen. Ursprünglich war geplant, den Deal in zwei Raten abzuwickeln: Bis 17.3. sollten zunächst 10 Millionen USD fließen, die restlichen 190 Millionen USD sollten bis zum 17.9. dieses Jahres folgen. Nanjinzhao hat allerdings bereits eine Vorauszahlung von 2 Millionen USD geleistet sowie Vorarbeiten auf Pampa-De-Pongo begonnen. Bis morgen werden weitere 10 Millionen USD fällig, der im Herbst zahlbare Betrag reduziert sich um den Betrag der Vorauszahlung.

am 18 März kam dann folgende Meldung:
Der Eisenerz-Explorer gab heute bekannt, dass die zweite Rate des chinesischen Käufers Nanjinzhao für das Eisenerzprojekt Pampa-De-Pongo vorerst ausbleiben wird. Statt bis zum 17. März soll die Rate von 10 Millionen US-Dollar nun spätestens bis zum 17. Mai fließen. Als Grund führt der chinesische Käufer fehlende Genehmigungen der Zentralregierung in Peking an. Treffen die Genehmigungen vor Ablauf der neuen Frist ein, sei das Geld binnen fünf Tagen auf dem Konto Carderos, so Nanjinzhao weiter.


jetzt der Durchbruch:

http://www.correoperu.com.pe/correo/...cci_id=12&txtNota_id=23077

INVESTMENT. Yesterday, company executives Nanjinzhao Group also met the regional president, Juan Manuel Guillén Benavides, and ratify the investment of one billion dollars in the iron mine of “Pampas de Pongo, located in Bella Union (Caravelí).  

Lundin says buy Cardero for long term

2009-03-18 20:25 ET - In the News

Brien Lundin, in the March, 2009, edition of the Gold Newsletter, says buy Cardero Resource Corp., recently $1.70, on weakness. Mr. Lundin recommended Cardero three times between December, 2004, and June, 2008, at prices ranging from $1.15 to $4. Assuming a $1,000 investment for each of the three buys, the $3,000 investment is now worth $2,466. The newsletter editor reminds his readers that the company recently struck a deal to sell its Pampa de Pongo iron ore deposit to China's Nanjinzhao. The deal originaly required Nanjinzhao to pay $10-million (U.S.) in mid-March and $190-million (U.S.) in September. Nanjinzhao become anxious to secure the deal and even made an early payment of $2-million (U.S.) to gain Cardero's co-operation in speeding up permitting. The stock market guru says this "fast-track plan will see Nanjinzhao immediately start drilling to collect engineering and geotechnical data for permit applications for an operation that will yield 15 million tonnes per year." According to Mr. Lundin, Cardero is a good company that is worth holding on to for the long haul.  

Cardero besitzt 4,245.800 Aktien von ITH, diese Beteiligung wird quasi jeden Tag wertvoller.
Das Sommerbohrprogramm läuft bereits auf vollen Touren, am Schluß werden es wohl mehr als
10 Mio. Unzen sein.

http://www.ithmines.com/s/...portID=340713&_Title=Share-Structure

Brien Lundin on ITH (strong buy at current price levels)

>>>With its large and growing gold deposit, International Tower Hill stands near the top of the list of prospective take-over targets. But it won’t be sold cheap, because there’s obviously lots of gold remaining to be found at Livengood. So ITH remains a strong buy at current price levels.<<<

• International Tower Hill Mines Ltd.

(THM.NYSE-A; ITH.V; C$3.25) has reported the first drill results from its 2009 winter drilling at Livengood in Alaska and announced an expansion to this already ambitious gold exploration program.

Hole 110 returned 206 meters of 1.40 g/t gold (including 38.1 meters of 3.08 g/t), confirming the thickness and higher grade of the Core Zone. Hole 109, drilled on the southwestern extension target of the Core Zone, returned 38 meters of 1.23 g/t gold and 18.3 meters of 0.92 g/t gold. Both holes ended in gold mineralization, as did many of the 2008 drill holes.

ITH also released assays on two holes drilled in the northeastern portion of the Core Zone. Hole 112 cut 100 meters of 1.11 g/t gold and 17
meters of 0.97 g/t gold, while Hole 111 intersected 68 meters of 0.59 g/t gold.

Significantly, Hole 112 confirmed the presence of a second, lower thrust fault and hit strong alteration and gold mineralization at the bottom of the hole. This suggests there may be another, higher-grade center developing in the northeastern area that’s similar to the main Core Zone. We’ll know more later, as ITH plans to drill this target again as the program progresses.

Buoyed by ongoing positive drill results and a $10-million bought-deal financing, ITH more than doubled its 2009 exploration program to 40,000 meters from 16,000 meters. ITH says the expanded program will enable it to double the drill tested area, which stands at about two square kilometers of the 12-square-kilometer Main Gold anomaly. The company plans to test deep, high-grade feeder targets and start testing other district-scale targets at Livengood.

This year’s drilling program will have a winter and a summer phase and, after the winter drilling, ITH plans to work up an initial economic assessment that should be ready in July. At that point, three drills should be fully engaged at Livengood. My bet is that they will still be turning out news and outstanding results.

With its large and growing gold deposit, International Tower Hill stands near the top of the list of prospective take-over targets. But it won’t be sold cheap, because there’s obviously lots of gold remaining to be found at Livengood. So ITH remains a strong buy at current price levels.  

http://www.muniarequipa.gob.pe/noticia.aspx?id=3239

MUNICIPALITY OF AREQUIPA SIGNS WITH SISTER ACT Zibo MUNICIPAL GOVERNMENT OF CHINA

In a special ceremony held at the Hall, the Provincial Municipality of Arequipa signed a twinning with the government of Zibo Municipal People's Republic of China.

The record was signed by the mayor of the Zibo Municipal Government, Mr. Zhou Qingli and the Deputy Mayor of the Provincial Municipality of Arequipa, Dr. Carlos Vizcarra Velazco.

According to both authorities noted, the signing of this agreement will make concerted efforts, on the basis of equality and mutual benefit, to promote friendship between the two cities.

In addition, this agreement constitutes the first step in cooperation in economy, trade, science and technology, culture, sports, health and education, in accordance with the laws of each municipal jurisdiction.

The Municipal Office of Zibo Foreign and Deputy Foreign Affairs and International Cooperation of the Provincial Municipality of Arequipa, will be responsible for trade and cooperation agreements between the two cities.

Illustrious Guest MAYOR OF A Zibo
During the ceremony, the mayor of the Zibo Municipal Government Mr. Zhou Qingli, was declared "Illustrious Guest of the City, the highest distinction that the Provincial Municipality of Arequipa gives authority to a visitor. In turn, he gave the traditional Passport Arequipeño, solapero currency and Arequipa.

The first authority was accompanied by Lieutenant Zibo Mayor Lin Jianning, the Director of Linzi District, Fuquan Sr.Tan, the Director of Cooperation and Foreign Trade Agency Zibo, Wang Bo, Director of External Affairs Zibo City Xianyi Wang, Head of Section for Economic Cooperation and Foreign Trade of Zibo, Mr. Sun Jiambo.

Just as employers including the President of the Automobile Factory Shandong Tangjun, Mr. Xue Xingzhen and deputy chairman of the factory Mr. Jia Haifeng company executives and investors Nanjinzhao Group Co. Ltd.  

China eases the rules on overseas investment

Many Chinese companies harbor ambitions to become significant forces in global competition, but they should have clear long-term strategies based on their realities, said Guo Tianyong, a banking professor at the Central University of Finance and Economics. "The mindset of rushing out for speculation is highly risky given the looming uncertainties over the global economy. They need to be cautious about the seemingly attractive opportunities that may have pitfalls hidden behind them."

The government's easier application system will smooth the way for more Chinese firms to build a global presence over the next few years when the world economy starts to find its footing, said Stephen Green, a senior analyst at Standard Chartered Bank (China) Ltd., in a statement. Many of those who had stayed on the sidelines would now ramp up their expansion plans, he added.

A Standard Chartered Bank (China) report forecasts that China's overseas investments will soar to a record $140 billion in 2009.

Chen Deming, Minister of Commerce, publicly encouraged Chinese enterprises to embark on a global buying spree at a press conference earlier this month.

"The financial crisis has offered an opportunity for companies to precipitate restructuring and become global players," Chen said.

In addition to simplifying the application procedures, the MOFCOM also will give more financial support to Chinese companies, such as tax waivers, he added.  

http://www.stockhouse.com/tools/...Fsymbol%3DV.ITH%26newsid%3D7264627  

02.04.2009 14:29
International Tower Hill Mines vergrößert Ressource von Livengood Projekt
Das Unternehmen hat die Probenergebnisse aus dem diesjährigen Bohrprogramm erhalten. Das Programm soll die Ressource auf dem Livengood Goldprojekt in Alaska vergrößern. Vier der insgesamt sechs Löcher wurden auf der zuvor nicht untersuchten südwestlichen Ausdehnung der Lagerstätte niedergebracht.

Dr. Russell Myers, Vizepräsident Exploration, sagte, dass die Löcher die Ressource erheblich vergrößern. Die Gehalte seien so hoch wie oder gar höher als die der Core Zone, welche im letzten Jahr untersucht wurde. Die Mineralisierung tritt in allen Schichten auf und reicht von der Oberfläche bis in eine Tiefe von 300 m hinab. Der obere Teil der Goldzone erbrachte Gehalte von 0,85 g/t in einem Abschnitt über 30 m. Man hat vier weitere Löcher niedergebracht und plant noch mindestens zwei weitere, bevor das Winterbohrprogramm am 15. April 2009 beendet wird.

Bis zum 15. April sind auf dem nordöstlichen Abschnitt drei weitere drei Löcher geplant. Anhand der jüngsten Ergebnisse aus Loch MK-RC-0112 wurde die obere Zone der Mineralisierung neu definiert. Es ergaben sich Gehalte von 1,7 g/t Gold über 41 m. Zuvor hatte man 1,1 g/t Gold über 100 m berechnet.

Sobald alle Probenergebnisse des Winterbohrprogramms eingegangen sind, wird man für das Projekt eine neue Ressourcenschätzung und eine vorläufige Bewertung der Wirtschaftlichkeit erstellen. Das Hauptbohrprogramm wird im Juni 2009 wieder aufgenommen. Auf den östlichen und nordöstlichen Gebieten der Lagerstätte werden dabei Umkehrbohrungen und Kernbohrungen durchgeführt. Insgesamt plant man für dieses Jahr Bohrungen von 45.000 m.

© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de  

http://www.alaskajournal.com/stories/040309/oil_oil002.shtml

Drillers struggle with sub-zero temps at Livengood mine

By Patricia Liles
For the Journal

"We have yet to get our arms around this thing. We're getting into areas that may be better than what we've drilled before," Pontius said. "It's still pretty exciting times and the deposit is continuing to grow, so we're certainly pleased and waiting to see what other good surprises we have."  

http://www.finanznachrichten.de/...rung-stuetzt-zombie-banken-009.htm

Zum Wirtschaftswachstum Chinas sieht Soros vor Jahresende die Chance für eine Beschleunigung. China habe ein großes Konjunkturpaket geschnürt. Dies hänge auch damit zusammen, dass es sich dort um keine Demokratie handelt. Die dortigen Führer seien sich bewusst, dass sie zu ihrem politischem Überleben zur Vermeidung von sozialen Unruhen und Ankurbelung des Wirtschaftswachstums aufgerufen sind.

Die brasilianische Wirtschaft werde wegen der erwarteten verstärkten Nachfrage aus China nach Eisenerz und Sojabohnen relativ rasch zu Wachstum zurückkehren. “Ich glaube, dass Brasilien und China derzeit in Erholung begriffen sind. Die Aussichten für Brasilien gestalten sich besser als für die meisten anderen Länder”, führte Soros im Rahmen eines Interviews gegenüber Bloomberg-TV weiter aus.  

Apr 08/09   Apr 08/09   Van Alphen, Hendrik   Direct Ownership   Common Shares   10 - Acquisition in the public market   3,000   $1.370
Apr 08/09 Apr 08/09 Van Alphen, Hendrik Direct Ownership Common Shares 10 - Acquisition in the public market 47,000 $1.350

canadianinsider.com  

http://economiaasiatica.blogspot.com/2009/04/...tratado-de-libre.html

Wednesday April 8, 2009
China and Peru on a Free Trade
Carlos Aquino Rodriguez *

On April 16 the Peru sign a free trade agreement with China, which is now our second largest trading partner, with which it is estimated the chances of increasing our trade are large. China is currently the third largest economy in the world and the fastest growing, and its 1350 million people represent a huge market to exploit.

As a result China is Peru's second largest trading partner, second largest export destination and second source of our imports. At high rates China's economy grows, its demand is growing, especially for our raw materials, and this will in a few years become the largest market for our products. On the import is likely that two or more over three years to the U.S. as the major source of our purchases.

China mining Nanjinzhao also acquire the iron ore mine Pampa de Pongo in Ica, 200 million dollars from the Canadian explorer Cardero Resources Corp.

The scope for further business between the two countries is enormous. Especially to exploit the opportunities to sell more to open an FTA with the giant East is needed: first, to know the Chinese market, distribution channels, its regulations, which require consumers (a market of 1350 million with regional differences), second, learn how to negotiate with the Chinese, their emphasis on knowing the other party, to contacts in common: third, prepare to be able to give some added value to many products are only sold as raw materials to China (eg wood), and fourth, to know more in general, their culture, language, and everything related to this ancient country and culture so that increasingly more important in the global arena.

The admission of China to Interbank, with its office in Shanghai (2007), and interest Ajegroup by the desire to join show by Peruvian companies have a presence in the Chinese market. Moreover, China is interested in promoting greater economic relationship, as seen in the agreement by which the Development Bank of China, handed over a credit of up to $ 50 million to COFIDE to finance transportation projects, energy, environment , etc. for the purpose of providing assistance in promoting trade and investment with China.

China also increased its interest in Latin America by announcing that it would buy the bonds issued by the Inter-American Development Bank. China is to become a new member of this body this year 2009.  

http://www.metalbulletin.com/events/Details/...ntId=811&typeId=12

China Iron Ore Conference 2009

Date: 28 Apr 09 - 29 Apr 09
Venue: Sofitel Wanda, Beijing, China

Nanjinzhao Group Co.,Ltd.


Introduction

Metal Bulletin Events is proud to announce the China Iron Ore 2009 Conference. Join us at this truly multi-national conference to discuss the issues facing your industry, and to find out how you can turn these challenges into opportunities. key issues to be discussed include:

- China’s economic stimulus plan and impact on steel consumption
- Global iron ore supply/demand balance and pricing mechanism
- Raw material challenges faced by steel majors
- Industry consolidation
- Chinese iron ore mining insights and overseas investments
- Contract market vs spot market: Australia, India, Africa, Latin America
- Logistics, freight and import/export infrastructure  

April 9, 2009
Cardero Grants Incentive Stock Options
Cardero Resource Corp. (“Cardero” or the “Company”) – (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5)
announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to a
consultant allowing it to purchase up to an aggregate of 225,000 common shares in the capital stock of the
Company. The options are exercisable at a price of CAD 1.39 for a period of two years ending April 9, 2011.
ABOUT CARDERO RESOURCE CORP.
Cardero’s focus through 2009 is to realise the considerable value it believes is locked in the Company’s
significant iron ore assets in the Marcona District of southern Peru, the Baja district of Mexico and in Minnesota,
USA, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. The
common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE
Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company
readers are referred to the Company’s web site (www.cardero.com), Canadian regulatory filings on SEDAR at
www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov  

AREQUIPA, MARZO DEL 2009
Arequipa Regional Report No. 9: Monitoring Extractive Industries
Is produced by the Center for Studies and Development Promotion Program desco
Regional Southern, under the Peru project involves managing the Group Proposal
Citizen resources with Revenue Watch Institute.

http://www.descosur.org.pe/vminero/ReporteRegional9VIE.pdf
POTENTIAL OF THE EXTRACTIVE INDUSTRIES IN THE REGION
5.1 new business and extractive projects in the Region
There are currently two mining projects in the Arequipa region, the project is an Aunt
Mary Southern Peru Cooper Corporation is owned by investor group
Mexico. This project has been suspended until further notice for the exploration
445 million tons of reserves and could begin operations from the year
2010 with a lifespan of 19 years, estimated annual production of copper is
120 thousand MT and 1500 will require 400 direct jobs and temporary workers
preferably be stable in the area (in this case Islay, Arequipa province).
The other mining investment that make you think it was the Chinese group Nanjinzhao
Group Co. Ltd. whose output corresponds to the iron and in this case, this is the first
Formal mining company under the Ministry of Energy and Mines to produce iron in the
region (not present in this metal is removed from Arequipa). The investment is around $ 3280
million U.S. dollars and are in exploration phase, it is worth noting that
this exploration is taking place in Pampa de Pongo province Caravelí - Arequipa.

POTENCIALIDAD DE LAS INDUSTRIAS EXTRACTIVAS EN LA REGIÓN
5.1 Nuevas Empresas y Nuevos Proyectos Extractivos en la Región
En la actualidad hay dos proyectos mineros en la región Arequipa; uno es el proyecto Tía
María de Southern Perú Cooper Corporation cuyo propietario inversionista es el Grupo
México. Este proyecto que ha sido suspendido hasta nuevo aviso contempla la exploración
de 445 millones de toneladas de reservas y las operaciones podrían iniciarse a partir del año
2010 con una vida útil de 19 años; se estima que anualmente la producción del cobre será
de 120 mil TM y se requerirán 1500 empleos directos temporales y 400 trabajadores
estables que de preferencia serán de la zona (en este caso Islay, provincia Arequipa).
La otra inversión minera que se piensa realizar es por parte del grupo chino Nanjinzhao
Group Co. Ltd. cuya producción corresponderá al hierro y en este caso, esta sería la primera
empresa minera formal según el Ministerio de Energía y Minas en producir hierro en la
región (actualmente no se extrae este metal en Arequipa). La inversión bordea los $ 3280
millones de dólares y actualmente se encuentran en etapa de exploración; cabe resaltar que
esta exploración se está realizando en Pampa de Pongo, provincia de Caravelí – Arequipa.  

April 08, 2009
Trevali receives independent resource estimate for Santander silver-lead-zinc project, Peru

http://www.trevaliresources.com/s/...-for-Santander-silver-lead-zi...

total Indicated Mineral Resource of 5,298,000 tonnes with an average grade of 3.34% zinc, 1.27% lead and 38 g/t silver (using a 2% ZnEQ* cut-off grade -- that is the nominal base case estimated grade of material that can be mined and processed considering all applicable costs) -- for a contained metal inventory of 390 million lbs. zinc, 149 million lbs. lead and 6.5 million oz. silver in the Indicated category (Table 1).  

http://www.netl.doe.gov/newsroom/netlog/apr2009/netlog_apr09.html

The National Energy Technology Laboratory (NETL), part of DOE’s national laboratory system, is owned and operated by the U.S. Department of Energy (DOE). NETL supports DOE’s mission to advance the national, economic, and energy security of the United States.

NETL researchers pour molten metal from a bench-scale electric arc furnace during direct smelting tests in cooperative work with Cardero Iron Ore Company, Ltd.

NETL researchers are helping the Cardero Iron Ore Company, Ltd. to reduce the amount of carbon dioxide produced during iron smelting.

NETL is applying its unique capabilities in ore processing to help Cardero process iron ores with reduced carbon dioxide emissions.

Cardero Iron is developing iron-ore sand deposits containing finely divided magnetite (Fe3O4) particles that do not require grinding before further processing. Eliminating the grinding avoids the energy consumed by size reduction – about 10 kilowatt hours per ton of ore.

In an initial series of tests in the cooperative work under a funds-in agreement with Cardero Iron, NETL researchers briquetted 500 pounds of a magnetic concentrate provided by the company, and then performed direct smelting tests on the unsintered briquettes in an electric arc furnace.

Eliminating sintering, which oxidizes the magnetite to hematite (Fe2O3), reduces the production of CO2 by approximately 11 percent.

Development of industrial processes that are cleaner and more energy efficient is consistent with NETL goals of reducing CO2 emissions.

Cardero Iron is a subsidiary of the Cardero Resources Corporation.

Contact: Bill O’Connor, 541-967-5834  

http://www.livinginperu.com/...rested-mining-services-sector-arequipa

Business | 26 March, 2009 [ 07:01 ]
Peru: Chilean entrepreneurs interested in mining services sector in Arequipa

A delegation of 15 Chilean entrepreneurs of the mining services industry arrived in Arequipa to know the legal and business conditions of the Peruvian department, aiming to open their businesses within a period of eight months at the most.

http://www.andina.com.pe/Ingles/Noticia.aspx?id=iK9YGoZeH48=

Japan and Korea investors to finance port of San Juan development

Lima, Apr. 12 (ANDINA).- Japanese and Korean investors will finance the private initiative submitted by Minera de los Andes y el Pacifico (MAPS) for the concession of the port of San Juan de Marcona in Ica, whith a total investment of 2.2 billion dollars, reported today the National Port Authority (APN).  

http://www.sedar.com/...anyDocuments.do?lang=EN&issuerNo=00005623

19 INTERPRETATION AND CONCLUSIONS
Exploration conducted to date at the Iron Sands Project has resulted in the discovery of a large, lowgrade
magnetite sand deposit at Pampa El Toro which could be amenable to modern bulk mining
technologies. Surface sampling and subsequent percussion drillhole testing indicates that the
overall magnetite content is relatively homogeneous, particularly in the uppermost 30 meters.
Sample density achieved in the investigations is considered to be more than adequate to support
these assertions.
Based on available information, it would appear that a certain amount of milling and grinding of the
sand has occurred during percussion drilling, resulting in samples which may result an underestimation
of magnetic mineral content and Fe grades due to possible loss of magnetite to fines in
addition to contamination of MC by fine non-magnetic fractions. This is not expected to affect the
in situ Fe grade, on which an SRK resource estimate is currently in progress.
Mineral processing/recovery tests conducted by five separate, independent laboratories provide
encouraging results clearly indicating the feasibility of magnetic separation and upgrading of raw
sand material to produce a final iron concentrate of 53.4% to 66.2% Fe. The tests have investigated
various upgrading techniques with the objective of reducing the Si content of the concentrate.
These included dry magnetic separation using a variety of drum magnet specifications, gravity
spirals, wet magnetic separation techniques and grinding of the concentrate. Whereas the tests that
included wet separation techniques and grinding of the concentrate were able to upgrade the
material, their economic viability outweighs their effectiveness. Dry magnetic separation
techniques were determined to be the most effective and viable.
The Pilot Plant dry magnetic separation tests recovered up to 7.5 Wt. % MC at a grade of 55.5% Fe
from the Pampa el Toro bulk sample. Screening of the concentrate is currently being investigated
as an additional upgrading step, as preliminary testing has indicated that the grade may be improved
to 62.8% Fe. As this would be a simple and economic upgrading step, further testing is strongly
recommended.
It should be noted that the Fe grade of the raw sand from borehole samples to a depth of 30 m is
4.65%. Using this number, the calculated Fe recovery of the pilot plant test (63.7%) and a
concentrate grade of 55.5%, it is calculated that it would require 18.75 mt of raw sand to produce
1mt of concentrate. To this end, additional bulk sample pilot plant processing is required using the
average ‘run-of-mine’ mineral grade to be established by the SRK resource estimate currently in
progress.
Laboratory scale metallurgical testing indicates that it is feasible at the bench-scale to produce a
high quality, saleable, iron product. Pilot plant scale metallurgical testwork is required to determine
if this is possible at an industrial scale.
The authors consider that the stated objective of the project, namely to identify a logistically easily
accessible area containing the potential for sufficient resources of magnetite sand at sufficient
concentration to support a viable 20 to 30 year integrated mining operation, has been met.
Technical Report on the Iron Sands Project Cardero Resource Corp.
61
20 RECOMMENDATIONS & OBJECTIVES
1. A completed resource estimate and preliminary economic assessment of the iron sands.
2. Additional analytical work on the Pampa el Toro magnetic concentrate produced by the
pilot plant is recommended using more precise iron-industry metallurgical grade
determinations. This will allow for more precise Fe recovery calculations for the pilot
plant tests, as well as for the future melting tests.
3. Pilot scale melting tests to determine if the concentrate is commercially viable. The
melting test will process the concentrate produced from the concentrate pilot plant
operation to produce a large sample of both pig iron as well as slag. The objectives of the
large scale melting test are to define the agglomeration technology, identify melter
operation parameters and produce large samples of pig iron and slag for subsequent use.
Production of a large sample of pig iron will develop confidence in the chemistry of the
product that would be produced by the commercial melter. The slag sample will be used in
identifying the optimum technology route for recovery of both vanadium and titanium.
Information gathered from the slag recovery test program will define the criteria necessary
for the slag recovery plant.
4. A project pre-feasibility study as well as concentrator-melter-slag recovery commercial
pre-engineering effort should proceed in parallel with the melting tests. The objective of
the scoping study and pre-engineering effort will be to produce process flow sheets,
equipment lists and budgetary cost estimates for the iron sands project.
5. Additional bulk mining tests at ROM grades, as determined by the independent resource
estimate (1).
A work programme based on the recommendations listed above would cost approximately US$ 3.5
million, and could be completed within a 12-14 month period  

http://www.livinginperu.com/news/8760

Peru to sign free trade deal with China by end of April  

Cardero hält momentan 4,245,800 Aktien an ITH, aktueller Kurs 3 CAD

http://www.marketwire.com/press-release/...SX-VENTURE-ITH-974713.html

International Tower Hill's Livengood Project Returns 89% Gold Recovery From Recent Metallurgical Testwork

Jeff Pontius, President and CEO of the Company, stated, "The extremely positive metallurgical testwork results confirms earlier indications on recovery optimization through grinding and will open the door to a much more economically robust project at Livengood. This information, linked with the ongoing success the Company is enjoying in developing large, higher grade (+1 g/t gold) zones as well as the tremendous depth potential of these zones, paints an exceptional picture for a potential expansion of the existing gold resource and a corresponding increasing economic potential."  

http://news.xinhuanet.com/english/2009-04/08/content_11151582.htm

Professor He Shuangrong, also with the CASS, agreed China needed resources from Latin America but added the nation's economic growth was "surely a good thing for Latin America", while the need for Chinese investment in the Americas, mainly to build and improve infrastructure, was "very, very big".  

...wohl ein (Vermarktungs) Partner für Cardero.

http://www.emrcexploraciones.com/pdf/CERRO%20FIERRO_PDF.pdf

MRC 1 Exploraciones

We are a peruvian mining company dedicated to acquire, evaluate, explore and exploit zones of Great Mining Potential, we work with Social and Environmental Responsibility in favor of the different regions of Perú.

We have as our main objective the expansion of our activities reason why we revert a great deal of our utilities, generating more employment.

We grow and develop in order to be in conditions to participate, in association with national or foreigner capitals, in bigger companies with the purpose of participate in the economic national developments specially in the zones that we operate in..  

Apr 16/09   Apr 08/09   Cruise, Mark Daniel   Direct Ownership   Common Shares   10 - Acquisition in the public market   5,000   $1.350

Quelle: canadianinsider.com

...noch ein Monat bis zum Ablauf der Zahlungsfrist, charttechnisch sieht es auch gut aus.

Hoffen wir das Beste...  

http://www.hardassetsny.com/...lectionDocuments/NY09_Broch_lowRes.pdf

Exhibitors & Potential Investments:

Cardero/Wealth/Int’l. Tower Hill/
Dorato CDY/THM

..wär nicht schlecht, wenn man bis dahin etwas zählbares vorweisen könnte.  

http://www.abc.net.au/news/stories/2009/04/16/...8.htm?section=justin
Thu Apr 16, 2009 9:17am AEST
Mining

Fat Prophets say strong demand from China is putting a floor under iron ore prices. (ABC)
 
Analysts say iron ore prices may not slump as heavily as originally predicted, with strong demand continuing from China.