Gold/Mining/Energy | Orbite Aluminae


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From: Peter Mare5/15/2012 10:22:26 PM
   of 5038
 
Petrolia: Drilling between the towns of Murdochville and Grande Vallee

RIMOUSKI, QUEBEC -- (Marketwire) -- 05/15/12 -- Petrolia (TSX VENTURE:PEA) announces it just obtained from the Ministry of Natural Resources and Wildlife two new drilling permits in Gaspesia. The two wells target conventional prospects of the Bourque reef complex, which is located between the towns of Murdochville and Grande Vallee.

Well Bourque 1, which will reach the depth or 3 200 meters, will penetrate the reef structure in order to verify its oil potential. On the other hand, well Bourque 2, located 2 km from the previous well, will reach a depth of 2 850 m and aims to evaluate the oil potential of a Pinnacle type target. Both targets have been located on the basis of a 3D seismic survey.



stockhouse.com 

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From: a1b2c3d4e55/16/2012 10:28:57 AM
   of 5038
 
UC Rusal (The world largest aluminium producer) may be the next one at Sept-Iles? They want to come in Québec. They wait after energie contract with Hydro-Québec? And after the validation of a new technologie.

May be the technology of SMS Siemag's Hydrothermal for acid regeneration.



Le mercredi 16 mai 2012
AffairesSept-Îles : une nouvelle aciérie pourrait voir le jour
14 mai 2012 | 15h10
ARGENT

Une aciérie pourrait être construite à Sept-Îles, en Côte-Nord, pour un investissement possible de 1 milliard $, a rapporté TVA Nouvelles.

Nouvelle

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Alexandre Cantin
Agence QMI


Un avis provenant d'une compagnie non identifiée, qui souhaite construire une aciérie d'une capacité de 2,5 millions de tonnes par année, a été récemment publié sur le « Daily Commercial News », un site internet spécialisé du domaine de la construction au Canada.



Une aciérie pourrait être construite à Sept-Îles, en Côte-Nord, pour un investissement possible de 1 milliard $. Photo : Reuters

Les installations projetées comportent une fonderie, un laminoir, un convertisseur à l'oxygène, un entrepôt de matériel brut et des bâtiments administratifs. Le site de Pointe-Noire où se trouvent déjà l'aluminerie Alouette et la minière Cliffs Natural Ressources a été identifié par le promoteur.

La mise au point d'une nouvelle technologie visant à réduire l'impact environnemental du projet sera terminée d'ici l'automne prochain, a-t-on indiqué dans l'avis.

Mystère autour de l'investisseur



Cet investisseur inconnu ne s'est jamais manifesté auprès des autorités municipales et de l'organisme Développement économique Sept-Îles.

« Que de laisser planer une nouvelle que si notre technologie est satisfaisante, c'est vers Sept-Îles qu'on irait s'installer, c'est une nouvelle qui peut être crédible. Mais ces promoteurs ne sont pas venus en région encore », a indiqué Luc Dion, président du Développement économique Sept-Îles.

Ce projet d'aciérie s'ajoute à de nombreux autres projets miniers et industriels qui planent au-dessus de Sept-Îles sans toutefois se concrétiser. Ils sont si nombreux que les intervenants économiques commencent à dire clairement que le développement industriel de la ville aura un jour atteint sa limite.

« C'est un focus important sur notre région, a souligné M. Dion. C'est sûr qu'elle aura une capacité maximale, je pense. »

« Il faut repenser le tissu industriel, protéger le tissu urbain et notre environnement, mais en même temps, comprendre que si on devient une plaque tournante industrielle, il y a des façons de faire, a-t-il ajouté. Ça profitera à tout le monde tout en protégeant notre qualité de vie. »

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To: a1b2c3d4e5 who wrote (1570)5/16/2012 10:51:28 AM
From: gegetrane   of 5038
 
LOL... a little mistake here my friend...

ACIERIE is for STEEL, not aluminum !

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To: gegetrane who wrote (1571)5/16/2012 10:58:50 AM
From: The Jack of Hearts   of 5038
 
Yes but the article does say steel mill and mentions the existing aluminum works


curious


argent.canoe.ca 

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From: Peter Mare5/16/2012 1:27:18 PM
   of 5038
 
Jon Hykawy on Orbite (May 15)

TCMR: The other company that you have a Sell rating on is Orbite Aluminae Inc. (ORT:TSX). It’s created quite a stir, as there were some questions raised around its preliminary economic assessment (PEA) and its ability to extract REEs from its alumina clays. You looked at it more closely and decided that the numbers didn’t add up.

JH: Every company has risk associated with it. The issue that we saw with Orbite is that the perception of risk within the broader market was far more optimistic than we believe the actual situation to be. The PEA noted that natural gas would be the primary source of energy for the project, yet even the PEA quite plainly stated that there is no natural gas available in the area. There is no development available to provide natural gas to that project site—and there may not be for a substantial period of time.

We believe that the pricing of alumina as well as the REEs and rare metals in the PEA were optimistic. Using higher-than-rational pricing for these materials inflates a company’s net present value. We felt that needed to be addressed.

There was also technical risk. The process is not a slam dunk. There is a substantial amount of work to be done. Even some of the developers of some of the technology that’s required to execute the plan in the PEA acknowledge that. Combining all of those things, we questioned whether a value of about $3/share was justified. A price of $0.90/share would make us more comfortable.




etfdailynews.com 

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To: Peter Mare who wrote (1573)5/16/2012 1:36:18 PM
From: The Jack of Hearts   of 5038
 
That generated some selling it seems

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To: The Jack of Hearts who wrote (1574)5/16/2012 2:38:16 PM
From: verjam   of 5038
 
I'm very tired of this guy. He's lost all credibility in my mind. Again, I don't mind this news because I keep buying. GLTA

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From: Cal Gary5/17/2012 4:06:26 PM
   of 5038
 
Nice close while the big market drops 20 big ones.
Good trading you guys on this issue

Aluminum-Bodied Jaguar F-Type on the Way for 2013 Jaguar has confirmed that it will produce an all-new sports car for 2013—the aluminum-bodied F-Type.

The F-Type will be the first launch of a two-seat sports car from Jaguar in over 50 years—and is spiritual successor to the iconic E-series, discontinued in 1975.

"We showed the C-X16 concept in September 2011, and the reaction to it has been so positive that we've accelerated our development of an all-new Jaguar sports car," Jaguar Global Brand Director Adrian Hallmark said at the New York Auto Show in April.

The C-X16 coupe concept was constructed with a lightweight aluminum chassis and aluminum body for maximum torsional rigidity. According to Jaguar's design director, Ian Callum, the F-Type will incorporate "95 percent" of the C-X16.

Although Jaguar has not released specifications on the F-Type yet, it is expected to ride on a chassis slightly smaller than that of the aluminum XK.

Jaguar will launch the vehicle as a soft-top roadster with fabric roof. A coupe version, with fixed roof, will follow.

Production will begin at Jaguar's Castle Bromwich factory later this year, with models available in the showroom by mid-2013. Jaguar has identified the U.S.—the largest sports car market in the world—as a "prime market" for the vehicle.

U.S. pricing for the vehicle has not been made available yet, but it is expected to compete with the Porsche 911 and Mercedes SL.

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To: Cal Gary who wrote (1576)5/17/2012 5:01:35 PM
From: LoneClone1 Recommendation   of 5038
 
And the best thing about that sports car is that when it dies, you can leave it out in the alley for the scroungers to pick and take to the recycling depot...

LC

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From: Eoj1235/18/2012 1:43:09 AM
1 Recommendation   of 5038
 
Insider buys, it's a small amount but it is a purchase.

6,800 shares
$10,744.00 on 5 transactions

(won't paste properly)


tmxmoney.com 








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