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To: blenderHEAD who wrote (736)1/11/2012 1:54:42 AM
From: Drex
   of 817
 
Allana Potash Announces $20 Million Bought Deal
TORONTO, ONTARIO--(Marketwire - Jan. 10, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Allana Potash Corp. (TSX:AAA) ("Allana" or "the Company"), is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (the "Underwriters"), to purchase 25,000,000 common shares of the Company (the "Common Shares") at a price of $0.80 per Common Share for gross proceeds of $20,000,000 on a bought deal basis (the "Offering").

The Company has also granted the Underwriters an over-allotment option to increase the size of the Offering by up to an additional 3,750,000 Common Shares, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering. If the over-allotment option is exercised in full, the aggregate gross proceeds raised will be $23,000,000.

The net proceeds from the Offering will be used for completion of a definitive feasibility study on the Company's Dallol Potash Project and for working capital and general corporate purposes.

Closing of the Offering is anticipated to occur on or about February 2, 2012 (the "Closing Date") and is subject to the receipt of applicable regulatory approvals including approval of the Toronto Stock Exchange.

The Common Shares will be offered in all provinces of Canada (except Quebec) by way of a short form prospectus.

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 Million Tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 Million tonnes grading 31.3% KCl; Measured+Indicated Kainitite Resources of 284.2 Million tonnes at 19.8% KCl, Inferred Kainitite Resource of 271.2 Million Tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 Million Tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 Million Tonnes of 17.1% KCl; Measured+Indicated Lower Carnallitite Resources of 212.6 Million Tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 Million Tonnes grading 11.7% KCl. Allana has approximately 197.6 million shares outstanding and trades on the Toronto Stock Exchange under the symbol "AAA".

Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the scientific and technical information presented in this release.

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To: Drex who wrote (737)1/11/2012 8:31:57 PM
From: u2bob
   of 817
 
Could be the race is on with these guys plus we need to consolidate the basin that's not being drilled such as the Samara property before someone else grabs it ...and maybe the Nova land...not going to sit idle for much longer...and some kind of deal with Fed to help get that 5 million tons that BHP is looking for......


South Boulder Mines Limited (ASX:STB) Colluli Drilling and Feasibility Update
WWW: www.southbouldermines.com.au
(ABN) Company Overview


South Boulder Mines Limited (ASX:STB) South Boulder Mines Limited (ASX:STB) Colluli Drilling and Feasibility Update
Perth, Jan 11, 2012 (ABN Newswire) - South Boulder Mines Limited ( ASX:STB) is pleased to provide an update on drilling and definitive feasibility study (DFS) activity in relation to the development of the Colluli Potash Deposit in Eritrea. The completion of a highly positive engineering scoping study (ESS) in November has allowed the Company to expedite the transition to potash production in 2016 or sooner. Recent key activities and highlights in relation to Colluli include;

- Potash assays from a further six resource extension holes were returned from holes completed in the last drill program. An updated JORC Compliant Mineral Resource Estimate (resource) is planned for completion in the March quarter;

- A program of HQ diamond drilling has recommenced (5 holes completed to date) to define further shallow potash. Continuous drilling is planned throughout the next 14 months, commencing with an initial resource extension program of 22 holes for ~ 2,000m;

- A close spaced (50 - 200m centres) PQ diamond drilling program is in the final stages of approval. Up to 70 holes will be completed in order to collect sufficient sample for definitive metallurgical testing and to assess the short range variability and localised geometry of the deposit;

- A total of 13 hydrogeological monitoring bores have been installed at Area A as part of DFS ground water and geotechnical assessment with respect to open cut mining studies;

- South Boulder Mines has commenced a global tender process for DFS engineering design and is expecting to award the tender in February 2012;

- The recently completed ESS produced a pre-tax NPV12 of USD 1.33bn with start-up capital costs of USD 0.74bn based on production of an initial 1Mt of KCl p.a. The ESS only considered ~20% utilisation of the current resource and therefore enormous upside is expected to be captured within the DFS;

- South Boulder is well funded to complete the DFS and is in the process of completing a fully underwritten 1 for 5 Entitlement Issue to raise ~ $10.7m. This will result in a strong cash position of ~$21 million in early February 2012.

South Boulder is pleased to report that significant progress towards completion of a DFS into the production of an initial 1Mt p.a. of standard KCl in 2016 or sooner has been made. All key technical activities in order to complete the DFS in 2013 are underway, or are set to commence in the near term pending approvals. Key activities currently awaiting approvals include;

- A close spaced PQ diamond drilling program (similar to a broadly spaced grade control program) is in the final design and approval stages to assess the short range variability of the deposit with respect to mining methods, assist with ongoing geological interpretation of the deposit and to collect sufficient potash samples for definitive feasibility processing test work. It is planned that the program will be undertaken over potential mining areas that correspond to the first few years of production from Area A;

- A complete Social Environment Impact Assessment (SEIA) plan has been submitted to the Eritrean Government for consideration. The plan was undertaken by Knight Piesold Consulting in conjunction with South Boulder personnel and is a comprehensive plan in accordance with the local and international guidelines. Approval of the plan is anticipated in the March quarter and a number of data collection activities are well underway to support the DFS;

- A Baseline Hydrology Program was initiated in November 2011 and included the installation of 13 hydrogeological monitoring bores at Area A. Initial assessment was made at Colluli and adjacent regional areas to plan the ongoing surface and ground water assessment programs.

In addition, commencing in January 2012 a series of strategic investor visits will be undertaken to the Colluli site with a view to assessing potential financial, off-take and development partners for the Colluli Project.


For the complete announcement including figures and tables, please view:
media.abnnewswire.net

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From: cole steel1/26/2012 7:13:36 AM
   of 817
 
Liberty Metals & Mining and International Finance Corporation Exercise Participation Rights in Connection With $20 Million Bought Deal Financing for Further Proceeds of Up to $5.4 Million

marketwire.com

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Allana Potash Corp. (TSX:AAA)("Allana" or "the Company"), is pleased to announce that Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Liberty Mutual Insurance and the Company's largest shareholder, along with International Finance Corporation ("IFC"), a strategic partner of the Company, have elected to exercise their participation rights by way of a private placement financing (the "Private Placement Financing") in connection with the Company's previously announced bought deal financing for gross proceeds in the amount of $20,000,000 (the "Offering") (See Allana news release dated January 10, 2012). In connection with the Offering, the syndicate of underwriters, led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited, have been granted an over-allotment option (the "Over Allotment") to acquire up to an additional 3,750,000 common shares (the "Common Shares"), such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering. If the Over-Allotment is exercised in full, the aggregate gross proceeds raised pursuant to the Offering will be $23,000,000.

In order to maintain LMM's 14.9% ownership in the Company, assuming the Over-Allotment is exercised in full and taking into consideration the Common Shares acquired by IFC in connection with the Financing, LMM has agreed to purchase up to 5,311,660 Common Shares and IFC has agreed to up to 1,506,076 Common Shares on a non-brokered basis at a purchase price of $0.80 per Common Share for gross proceeds in the amount of $5,454,189.

Farhad Abasov, President and CEO of Allana, commented: "We are very pleased that both our strategic investors, LMM and IFC, are fully committed to support Allana. Their continuous support will be critical in further development of our potash project in Ethiopia as we are advancing the feasibility study."

Closing of the Private Placement Financing is anticipated to occur on or before February 25, 2012 (the "Closing Date") and is subject to the receipt of all required approvals, including without limitation approval of the Toronto Stock Exchange. The Common Shares will be subject to a statutory hold period for four months and one day following the Closing Date.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares or Warrants in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 Million Tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 Million tonnes grading 31.3% KCl; Measured + Indicated Kainitite Resources of 284.2 Million tonnes at 19.8% KCl, Inferred Kainitite Resource of 271.2 Million Tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 Million Tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 Million Tonnes of 17.1% KCl; Measured+Indicated Lower Carnallitite Resources of 212.6 Million Tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 Million Tonnes grading 11.7% KCl. Allana has approximately 197.6 million shares outstanding and trades on the Toronto Stock Exchange under the symbol "AAA".

Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.

Forward-Looking Statement...

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From: Drex2/2/2012 5:42:29 PM
   of 817
 
Allana Potash Announces Closing of $20 Million Bought Deal Financing

Allana Potash Corp (TSX:AAA) ("Allana" or the "Company") is pleased to announce that it has closed its previously announced public offering (the "Offering") of common shares (the "Common Shares") of the Company. Pursuant to the terms of the Offering, the Company has issued 25,000,000 Common Shares at a price of $0.80 per share, for aggregate gross proceeds of $20,000,000.

The Common Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (collectively, the "Underwriters").

Allana has granted the Underwriters an option, exercisable in whole or in part at the discretion of the Underwriters, for a period of 30 days from the closing date of the Offering, to purchase up to an additional 15% of the Common Shares sold pursuant to the Offering, to cover over-allotments, if any, and for market stabilization purposes.

The net proceeds of the Offering will be used for the completion of a feasibility study and other related studies with respect to the Danakhil Potash Project (also referred to as the Dallol Potash Project) and for working capital and general corporate purposes.

The Offering has been made in all provinces of Canada other than Québec, and is subject to the approval of regulatory authorities. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: International Finance Corporation, a member of World Bank Group, and Liberty Metals & Mining Holdings, LLC, a member of Liberty Mutual Insurance. Allana has measured and indicated sylvinite resources of 97.8 million tonnes of 30.0% KCl; inferred sylvinite resources of 108.3 million tonnes grading 31.3% KCl; measured and indicated kainitite resources of 284.2 million tonnes at 19.8% KCl, inferred kainitite resources of 271.2 million tonnes of 20.3% KCl; measured and indicated upper carnallitite resources of 78.5 million tonnes grading 18.4% KCl, inferred upper carnallitite resource of 85.6 million tonnes of 17.1% KCl; measured and indicated lower carnallitite resources of 212.6 million tonnes of 12.0% KCl, inferred lower carnallitite resource of 130.7 million tonnes grading 11.7% KCl. The foregoing mineral resource estimates are as at June 13, 2011 and are set out in the Company's NI 43-101 compliant Technical Report entitled "Resource Report for the Danakhil Potash Deposit, Afar State/Ethiopia" dated June 24, 2011 filed on SEDAR. Allana has approximately 197.6 million shares outstanding and trades on the Toronto Stock Exchange under the symbol "AAA".

Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the scientific and technical information presented in this press release.

http://www.marketwire.com/press-release/allana-potash-announces-closing-of-20-million-bought-deal-financing-tsx-aaa-1614254.htm

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To: Drex who wrote (740)2/17/2012 11:16:29 AM
From: u2bob
   of 817
 
My feeling about Fed is that we are still going after that property one way or another...we still seem to be blitzing them 24/7 with AAA advertising on their BB at Stockhouse plus we are cashed up and they are not...and why has the Samaria property not been scooped up yet when all other land on both sides of the border is spoken for...hmmmm...hope some real news comes out soon ...
Bizarre junior mining feud confuses investors Peter Koven Feb 17, 2012 – 9:45 AM ET | Last Updated: Feb 17, 2012 9:50 AM ET




Bruce Cumming let the whole world know that he was leaving Ethiopian Potash Corp.




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It started with the above press release.

Then the company, a junior miner called Ethiopian Potash Corp., responded with this one.

It is highly irregular for an individual to issue his own press release through Canada Newswire when departing a company, as Bruce Cumming did this week. Most ominously, he said that he is involved with a separate firm (G&B Central African Resources Ltd.) that owns potash permits in Ethiopia and gave Ethiopian Potash an option to acquire an interest in them. That raises questions about title on the company’s assets.

Ethiopian Potash referred to Mr. Cumming’s whole statement as a “non-material event,” but it has caused some obvious confusion for investors, who are left wondering about the miner’s relationship with G&B.

A quick check of G&B’s website reveals nothing — the site promises that it will go live inSeptember 2008. It seems that deadline was missed.

So what is really going on here? Dundee Capital Markets analyst Richard Kelertas is not sure, but he said that it is indicative of Ethiopian Potash’s “highly disordered internal state.”

“The issuance of an unauthorized press release demonstrates a lack of control which we believe the company cannot afford at this stage in the game,” Mr. Kelertas wrote in a note.

“Furthermore, we are concerned about the sketchy details available regarding the company’s association with G&B. The lack of clarity and information on G&B and its obligations in terms of potash permits to [Ethiopian Potash] adds another negative dimension to the [company's] project and further supports our negative stance on the company.”

Mr. Kelertas maintained a sell rating on Ethiopian Potash shares. He recommends that investors move into Allana Potash Corp. instead, a rival potash play in Ethiopia that he believes has better prospects.




Posted in: Mining, Trading Desk Tags: Allana Potash, Bruce Cumming, Ethiopia, Ethiopian Potash, Mining, Potash





PETER KOVEN pkoven@nationalpost.com



Gold miners' results all over the map Kinross should seek merger partner: Stifel Vale approves $2B clean air project in Sudbury Barrick's profit growth misses expectations First Uranium looks to sell its core assets

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To: Drex who wrote (740)2/19/2012 2:37:57 PM
From: u2bob
   of 817
 
This will be the year of consolidation in the basin...If India can hold off buying potash for awhile so be it...demand will only be bigger later in the season...and planting season is coming soon...with Vale now in Ethiopia and all the land grab been picked up for agriculture ...one only has to wonder what is happening behind the scenes as we move towards March...this article from December has me sticking around for the pay day its been a long road and some serious players will be stepping up their game this year...

Indian fertiliser makers looking to buy mines in Africa


Submitted by admin4 on 11 December 2011 - 2:11pm
India News
By Rohit Vaid, IANS,

New Delhi : Faced with increasing demand and rising cost of importing raw material, the Indian fertiliser industry is eying mineral assets in Africa.

"Today there is a possibility of buying stakes in several mines, which are in initial stages of operations," A. Vellayan, chairman of the Fertiliser Association of India (FAI), told IANS.

Some of the key mining areas the industry is eyeing in Africa are in Eritrea, Ethiopia, Congo and Ghana.

Vellayan said the prices of fertilisers and the subsidies given by the government would also be reduced if fertiliser companies entered into joint ventures (JVs) with mining companies.

"This will have significant impact on prices. Currently, there are Indian companies in South Africa, Tunisia and Morocco, and many of them are thinking of entering other African countries. But the government's support is required," Vellayan, group chairman of the Chennai-based Murugappa group, said.

Fertiliser manufacturers have asked the government to create a $20 billion sovereign fund to buy overseas mineral assets.

"Although there was talk of allocating $1 billion for a sovereign wealth fund for public sector companies, we have discussed with the government for a sovereign fund of about $20 billion for potash and phosphates," he said.

"Either we can go and buy, or else the government pays the same amount ($20 billion) in subsidies," he said.

India, which consumed 58 million tonnes of fertilisers in 2010-11, lacks key mineral ingredients for the manufacture of fertilisers such as potash and phosphatic rock and has to depend on imports.

The country imports 100 percent of potash and 90 percent of di-ammonium phosphate (DAP). In 2010-11, the country imported 7.41 million tonnes of DAP and 4.5 million tonnes of potash.

The rising input cost has led to a rise in prices of DAP -- which doubled from Rs.9,350 a tonne in April 2010 to Rs.18,500 a tonne at present.

The federal government has given Rs.90,000 crore fertiliser subsidy to the farmers to protect them from fluctuating international prices, including budgetary provision of Rs.33,500 crore for phosphatic and potash-based fertilisers for 2011-12.

Industry watchers say ownership of mineral reserves can bring long-term relief and security to the sector which is reeling under high import costs due to the depreciation of the rupee.

Also recently, major foreign producers such as the Russian firm Uralkali, which is part of a larger international cartel, denied discounts on potash to Indian companies.

"In the long term, we need assured supplies, as we cannot depend any longer on one or two suppliers. We are a big country and a huge population to feed," said Satish Chander, director general of FAI.

"It will be more economical than buying the minerals from a few suppliers," Chander added.

Big names in the international mining industry like BHP-Billton, Rio Tinto and Vale are eying African assets to mine potash, which is currently controlled by five producers in the world, accounting 60 percent of the total output.

twocircles.net






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From: LoneClone2/22/2012 6:43:23 PM
   of 817
 
Allana Reports the Start of the Tadjoura Port Project by Government of the Republic of Djibouti

Press Release: Allana Potash Corp. – 11 hours ago

finance.yahoo.com

AAA.TO 0.76 +0.03


TORONTO, ONTARIO--(Marketwire -02/22/12)- Allana Potash Corp. (TSX: AAA.TO - News)(OTCQX: ALLRF.PK - News) ("Allana" or the "Company") is pleased to announce that the Government of the Republic of Djibouti Ministere de l'Equipment et des Transport, through the Djibouti Port and Free Zone Authority ("Port Authority"), has begun the pre-qualification process to select contractors for the construction of the new port at Tadjoura, Djibouti.

As released by the Djibouti Government, under financing to be secured from the Arab Fund for Economic and Social Development and the Saudi Fund for Development, the Djibouti Government-owned Port Authority will build and operate marine civil facilities and common services to be constructed with an initial 30 hectare yard and a 435 metre quay. Allana will continue to work with the Djibouti authorities to integrate the required potash storage and handling facilities into the new port plans. Further information on the Tadjoura Port Project can be found on the Port Authority's project website www.tadjoura-port.webs.com.

Farhad Abasov, President and CEO, commented: "Allana is encouraged by the admirable progress made by the Djibouti Government in the ongoing development of the country's transportation infrastructure. Allana understands that both the Djibouti and Ethiopian Governments are looking to the strategic Danakhil potash resource as one of the catalysts for the development of road, port and rail facilities critical to the continued economic growth within the region and we are pleased to have the opportunity to participate in supporting these developments."

Highway construction by government contractors is actively proceeding to connect the Dallol potash region with industrial quality, paved roads both to the Company's project development staging facilities in Mekele and to the southern highway to both the existing and new ports in Djibouti, which would be available with sufficient capacity to serve the project. Discussions are also progressing with government departments and private sector operators regarding rail facilities linking road and port infrastructure. The Company continues to expect that the infrastructure required for the Company's Dallol potash project to reach full operation will be in place concurrently with or in advance of the Company's projected construction period.

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 Million Tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 Million tonnes grading 31.3% KCl; Measured and Indicated Kainitite Resources of 284.2 Million tonnes at 19.8% KCl, Inferred Kainitite Resource of 271.2 Million Tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 Million Tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 Million Tonnes of 17.1% KCl; Measured and Indicated Lower Carnallitite Resources of 212.6 Million Tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 Million Tonnes grading 11.7% KCl. The foregoing mineral resource estimates are as at June 13, 2011 and are set out in the Company's NI 43-101 compliant Technical Report entitled "Resource Report for the Danakhil Potash Deposit, Afar State/Ethiopia" dated June 24, 2011 filed on SEDAR. Allana has approximately 222,607,557 million shares outstanding and trades on the Toronto Stock Exchange under the symbol "AAA".

Forward-Looking Statement

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the development of the port facility and local infrastructure, the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting, ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims; Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.


Contact:

Investor Cubed
Neil Simon
647 258 3310
info@investor3.ca

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From: blenderHEAD2/29/2012 5:00:17 PM
   of 817
 
Allana Potash Corp. Attends PDAC at Booth 2542

marketwire.com

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2012) - Allana Potash Corp. (TSX:AAA) ("Allana" or the "Company"), is pleased to announce that it will be attending the PDAC at the Investors Exchange, Booth 2542. In the PDAC Booth Assignments this location is allocated to Pitchblack Resources Ltd.; however this year it will be occupied by Allana Potash Corp.

Allana encourages its shareholders and all interested parties to come by the booth and discuss Allana's potash project in Ethiopia with its senior management.

Exhibition Hours:
Sunday March 4th - 10am - 5:30pm
Monday March 5th - 10am - 5:30pm
Tuesday March 6th - 10am - 5:30pm
Wednesday March 7th - 9am - Noon

Location:
Allana Potash Corp. - Booth 2542
Metro Toronto Convention Centre-South Building
800 Level

About Allana Potash Corp.

Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia. Allana has secured financial support from two significant strategic investors: IFC, a member of World Bank Group, and Liberty Metals and Mining, a member of Liberty Mutual Group. Allana has Measured and Indicated Sylvinite Resources of 97.8 Million Tonnes of 30.0% KCl; Inferred Sylvinite Resource of 108.3 Million tonnes grading 31.3% KCl; Measured and Indicated Kainitite Resources of 284.2 Million tonnes at 19.8% KCl, Inferred Kainitite Resource of 271.2 Million Tonnes of 20.3% KCl; Measured and Indicated Upper Carnallitite Resources of 78.5 Million Tonnes grading 18.4% KCl, Inferred Upper Carnallitite Resource of 85.6 Million Tonnes of 17.1% KCl; Measured and Indicated Lower Carnallitite Resources of 212.6 Million Tonnes of 12.0% KCl, Inferred Lower Carnallitite Resource of 130.7 Million Tonnes grading 11.7% KCl. The foregoing mineral resource estimates are as at June 13, 2011 and are set out in the Company's NI 43-101 compliant Technical Report entitled "Resource Report for the Danakhil Potash Deposit, Afar State/Ethiopia" dated June 24, 2011 filed on SEDAR. Allana has approximately 222,607,557 million shares outstanding and trades on the Toronto Stock Exchange under the symbol "AAA".

Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.

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To: blenderHEAD who wrote (744)3/2/2012 2:03:59 AM
From: u2bob
   of 817
 
Come on China bring that off/take deal...



Benefits for China in New East African Resource Rush




Article Comments (1)
CHINA REAL TIME REPORT HOME PAGE »



European Pressphoto Agency
By Gabe Collins and Andrew Erickson

A new great game is afoot as recently uncovered stores of mineral resources in East Africa create competition between Brazilian, Japanese, Indian, Irish, Anglo-Australian and Chinese investors.

Already a strategic region for China due to its 54 United Nations votes and location astride key trade routes, East Africa is about to become even more important to the world’s second-largest economy. The rapid economic growth that natural resource development stands to produce will likely fuel heightened commercial and diplomatic competition in coming years as more Chinese companies and businessmen enter the region and jockey for position. The prize: oil, gas and coal money that by 2020 could equal roughly 50% of the current GDP in Mozambique and more than 10% of GDP in other producer countries.

Mozambique and Tanzania are now believed to host at least 70 trillion cubic feet of offshore gas reserves. Mozambique also holds some of the world’s largest coking coal deposits, while Uganda enjoys at least 1.1 billion barrels of oil reserves. Ethiopia’s Danakil Basin is home to a world-class potash deposit.

The mineral-producing countries (plus neighbor Kenya) also boast a combined consumer market of more than 225 million people – an potentially lucrative opportunity for Chinese entrepreneurs already schooled in the navigation of emerging economies.

As Chinese investment and citizens crisscross the vital but volatile area, Beijing will have to decide how to promote and protect its people and interests without stepping too deeply into complex local politics. But the rewards could be substantial: Based on the projections for production from the companies developing East African resources and the likely baseline prices for the commodities in question, new commodity production in Mozambique, Tanzania, Ethiopia and Uganda could be worth more than $24 billion per year by 2020 (Exhibit 1), when extraction projects are likely to be in full swing. Even under bearish conditions, that figure is likely to hit $17 billion.



Here are some of the ways Chinese companies stand to benefit:

* Enter projects by partnering with lead developers who desire a cash rich Chinese partner

Chinese companies have two key advantages as they seek assets in East African resources. First, many of them—both those that are state-backed and those that are privately held—tend to be cash-rich, making them desirable partners. In March 2011, Tullow Oil Plc., which is leading exploration activities in Uganda, sold one-third stakes in three exploration areas to China National Offshore Oil Corporation (CNOOC) and Total for US$2.9 billion. Similarly, in December 2011, Kenya’s government awarded China’s Fenxi Mining Group development rights for coal reserves in its Eastern Province, which can help fuel the Kenyan cement and steel industries and generate electricity.

Second, they offer a pipeline into the large and growing Chinese market for oil, coking coal, liquefied natural gas (LNG) and potash. In many cases, they are even willing to pay for development costs in order to obtain longer-term assured resource supplies. In November 2009, for instance, Allana Potash ( pdf) reported that China Minerals provided 35% of the company’s initial mine construction cost for its Danakil Basin project in Ethiopia in exchange for the right to purchase 20% of production at a discount to market potash prices. Furthermore, contrary to perceptions that prevailed during the Unocal fiasco in 2005, many major Chinese natural resources companies like CNOOC have proven themselves to be sophisticated global operators who are willing to invest in mutually beneficial ways with a wide range of partners and market commodities to end users worldwide when the economics make sense.

* Sell digging equipment to the miners and infrastructure builders

Chinese companies are also well-positioned to supply mining and construction equipment even if Chinese miners are not directly involved in a project. Shantui, China’s largest bulldozer manufacturer by market share, recently opened a sales office staffed by 160 people in Kenya because East Africa has become one of its top export markets, where the company sold more than 300 construction machines during 2011. To put this number in perspective, the company only sold 110 bulldozers to Angola in 2005 when that country was one of the top destinations for Chinese construction investment outside of China itself.

In Mozambique, where Chinese companies missed out on gaining a stake in several coking coal deposits, Chinese equipment makers have still been able to secure some supply contracts. Among them is China CNR Corporation, which signed a deal in April 2011 to provide 330 coal rail wagons to help Vale transport coal from its expanding Mozambican mines.

* Help build the necessary roads, rails and ports needed to get resources to market

In East Africa, a lack of high-volume transport infrastructure presently limits miners’ ability to bring natural resources to market and monetize them. Now Chinese firms are poised to write a new chapter in the history of their cooperation with developing countries.

Between 1970 and 1975, in what was then Beijing’s largest single foreign aid project, China built the Tazara Railway to link Zambia to the Tanzanian port of Dar es Salaam, freeing the landlocked country from exporting copper through white-supremacist Rhodesia. Today similar assistance from Chinese firms appears welcome. Booming Mozambique, for instance, needs to refurbish at least 340km of existing rail lines and probably double-track them so that large volumes of coal from the country’s interior can be moved by rail and river barge to the coast for export ( pdf). As Mozambican rail lines and ports are augmented to handle rising coal traffic, Chinese construction firms and construction workers from China may well secure work. Similarly, the country’s offshore natural gas development presents opportunities to sell pipe and construction materials, as well as a chance to purchase stakes in LNG projects by dangling the prospect of guaranteed sales into the Chinese market.

As Allana Potash builds the transport infrastructure to support its planned Danakil Basin potash mines, Chinese firms will almost certainly play a role since the project requires road and rail construction and a new port in Djibouti, all of which are areas of expertise for companies like China Railway Construction Corp (CRCC), which is already working in Ethiopia. In December 2011, CRCC reported that China Ex-Im Bank had agreed to provide Ethiopia with a $3 billion credit line over the next three years to support infrastructure development. Similarly, oil infrastructure projects in Uganda will likely attract Chinese suppliers, as will the need for additional regional transport linkages, like the superhighways Chinese companies are currently building in Kenya.

* Serve growing consumer economies

Chinese companies—particularly small and medium enterprises—are well positioned to capitalize as East African natural resource development drives demand for appliances and consumer goods, construction of homes and hotels, and other items. Indeed, a 2011 article in Asia & Africa Review by a scholar from Hunan University notes that at least 1,500 small- and medium-sized enterprises from China already operate in Africa (as opposed to 100 large companies).

An influx of resource revenue that drives consumer activity further increases the opportunity for Chinese entrepreneurs who have the advantage of having learned how to serve their own internal emerging market. Kazakhstan’s economy grew more than five-fold between 1990-2010 (from $26 billion to $149 billion) and we believe similar growth rates could be possible in Mozambique, Tanzania and Uganda if the countries’ resource bounties turn out to be as large as developers believe and can be successfully brought to market.

Bottom line: East Africa’s emerging natural resource boom has not received the same attention as that of other frontier commodity plays such as Mongolia. Yet rising mineral production and consumer economy booms are likely to lure heightened Chinese investment and migration into the region, with security implications as China’s footprint grows amidst complex local politics that are likely to be unsettled further by large revenue inflows.


Erickson
Collins
Andrew Erickson is a professor at the U.S. Naval War College and a research associate at Harvard’s Fairbank Center. Co-founder of China SignPost ( ? ???), he blogs at www.andrewerickson.com.Gabe Collins is a co-founder of China SignPost and is a J.D. candidate at the University of Michigan Law School.



Africa, Andrew Erickson, China-Africa, Expert Contributor, Gabe C

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To: u2bob who wrote (745)3/2/2012 11:03:06 AM
From: blenderHEAD
   of 817
 
nice article bob!

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