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Member Info for Coldfeet


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Member Since: Thu, 13th Nov 2008

Number of Share Chat Posts (all time): 3,433
Number of Share Chat Posts (last 30 days): 7

Last Posted: 30 Jan '16


Post Distribution over the last 30 days




16 Nov '14

Indeed.

Another step along the production path that leads to things like Environmental and Rights of Land Use permits.

Takes pressure off the exploration licence expiring in July 2015.

ATB
16 Nov '14

Apologies, I made that post late.

BAO have applied for the Mining Concession for the Massamba licence 1035L (prospecting licence), which has been reclassified to 7055C (exploitation licence).

The Mozambique Mining Cadastre Portal was updated on Thursday 13th.

Search for 7055 C (including the space) here :-

http://portals.flexicadastre.com/Mozambique/EN/

then click on the link in the Licences table.

Hopefully Mrs Bias will fast track this application through for us..:)

ATB
15 Nov '14

Grant pending.

New license code is 7055C.

ATB
6 Mar '14

Evening trouble1,

Same here.

Petmin like to think the NAIC JV they have with GRI will have the lowest pig iron opex, by some margin, and they are aiming for less than $280/t, presume that is after credits.

Makes BAO's projections almost unbelievable but the DFS should clear that up.

ATB
1 Jan '14

Evening sharesgonesouth,

Ben did suggest that BAO had looked at this licence to the south-east of Massamba Group but decided not to pursue an interest. The fact that a small coal producer like BHR have decided to invest in exploring a pig iron project themselves can only be based on the economic findings released by BAO so far.

Re. your second paragraph, any potential JV partner would certainly wait for the BFS before negotiating any involvement, the capex numbers are that big. I suspect that BAO already have a JV partner in mind, they just want to see the bankable figures before agreeing their next move.

As do the IFC.

And whoever are behind the AMED increasing stake.

ATB
4 Dec '13

Evening Cylindrix,

If you think BHR will be producing pig iron before BAO then you need to re-read the RNS, and do some research on BAO.

The question that needs answering is why would a small coal producer, currently with opex issues due to logistics, be interested in commiting a lot of funds completing a feasibility study on a pig iron project in tete where there is, currently, no substantial evidence of interest from financiers or steel majors?

Or do they know more than we do?

ATB
27 Nov '13

Morning Jonnyshots,

Take a look at Sippdeal, very low costs and admin charges.

ATB
31 Oct '13

Morning Steeltrader77,

I'm not a metallurgist, far from it, but the bench-scale data looked good to me as a first pass.

Your post contains spot-on questions very relevant to where BAO are currently.

The presentation contains the analysis reported in the pyro-metallurgical RNS dated 4th March which confirmed that the reduction and smelting testwork was un-fluxed. It would be great if the pilot-scale testwork currently in process would report a commercial grade product but I would be surprised. Until the boffins work out the best way to smelt the components, including the type and volume of fluxes required, it may take a few more tests before BAO can announce such an important event.

I've copied parts of the RNS that are relevant.

"The test was un-fluxed and therefore contains some Sulphur and Phosphorus that would be otherwise expected to be removed with the **** and with secondary metallurgical treatment in the ladle after tapping. Similarly much of the Vanadium would be removed from the hot metal and recovered as a Vanadium-rich **** prior to final pig iron production. The low Carbon content of the pig iron is not representative of the Submerged Arc Furnace product which is expected to be in the order of 3.5%.

The chemical analysis of the iron disc in the table confirms that the pig iron after full treatment is likely to meet a typical pig iron specification (EN 10 001:1990; GOST 805-95) for Electric Arc Furnace (EAF) steelmaking. Of particular importance is the very low level of Titanium (Ti), demonstrating that the process is able to remove critical deleterious components from the original resource material."

ATB
23 Oct '13

Hello Staggart,

It didn't take long for Zimbabwe to warn Renamo of their own position in any threat to their export routes.

Kind of ironic that Renamo's main threat comes from the Zanu-PF and not Frelimo, who have been overly patient with Dhlakama's impossible requests.

Zimbabwe will not tolerate any problems caused by Renamo and will act, possibly without SADC approval.

ATB
23 Oct '13

Evening capt96,

Renamo haven't abided by the Rome peace accord for some time now, by failing to disarm their own forces and carrying out agressive actions since April, so shooting up a police station isn't new.

Their annulment of the peace accord is simply confirmation that their previous actions are in breach.

I'm surprised that Frelimo have let it get this far but appear to be finally taking some action to prevent further agression from Renamo who are severely diminished both politically and militarily.

It will be interesting to see how Zimbabwe react if Renamo try and block transport routes which may affect their export.

Renamo have no allies in the area, completely different to the civil war years when they were backed by Rhodesia and Apartheid South Africa, both countries now controlled by Frelimo's supporters.

Dhaklama is in the process of a final throw of a dice heavily loaded against him.

ATB


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