Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
COURT 34 ROYAL COURTS OF JUSTICE COURT 34 Before MR JUSTICE LEGGATT Monday 30 January 2017 At 10:30 AM (All Day) Part Heard Commercial Trial CL-2015-000790 Astor Management AG (formerly known as MRI Holding AG) and another v. Atalaya Mining Plc (formerly EMED Mining... and others Address: Strand, London WC2A 2LL Phone: 020 7947 6000
Astor claims a deferred consideration due on the 2008 acquisition of the minority interest in the Rio Tinto operations. The consideration amounts to EUR53M and a further copper price-linked consideration of up to EUR15.9M if copper averages over 300c/lb per quarter, payable over 6 or 7 years. The deferred consideration is due once all permits are obtained, and the company has secured and drawn down on senior debt finance to bring the mine back into production. Since no senior debt finance was used to develop the mine, Atalaya does not believe there is merit in Astor's claims.
Anybody going down to witness Astor loose lol ROYAL COURTS OF JUSTICE COURT 34 Before MR JUSTICE LEGGATT Monday 30 January 2017 At 10:30 AM (All Day) Part Heard Commercial Trial CL-2015-000790 Astor Management AG (formerly known as MRI Holding AG) and another v. Atalaya Mining Plc (formerly EMED Mining... and others Address: Strand, London WC2A 2LL Phone: 020 7947 6000
Copper 2 month peak http://www.dailymail.co.uk/wires/reuters/article-4158558/Copper-sticks-near-2-mth-peak-softer-dollar-Chile-supply-fears.html
Riotinto Trucks Unloading https://www.youtube.com/watch?v=R1rMjY2mtag
Can the below be interpreted as ATYM will invest in another private or publicly traded company, (mergers and acquisitions) Alberto Lavandeira, CEO commented: We look forward to 2017 as a year of consolidation with further operating improvements and cost efficiencies." ?
Exploration and Geology Exploration drilling was concentrated on the northern extension of the historic Atalaya pit. Results are positive, but preliminary, with further drilling to continue during 2017. Infill drilling on the south-western side of the Cerro Colorado pit (historic Filon Sur open pit and underground workings) was also positive, reporting significant copper intercepts. Further confirmation drilling is ongoing. Infrastructure At the end of December 2016, an overhaul maintenance programme was successfully performed at the main high-voltage incoming substation. An existing water diversion canal situated north of the tailings storage facility was upgraded to conform to water management plans. Financial In an effort to improve its working capital, the Company reached an agreement in December 2016 with its mining contractor to defer certain payments totalling €8 million until 2018. The Company expects to be generating stronger cash flows on a sustained basis by then, based on its operating budgets for 2017. This agreement covers a significant part of the Company's current working capital needs and demonstrates the excellent working relationship the Company enjoys with one of its key stakeholders. The Company expects to release its 2016 Financial Statements, including sales and operating costs, in early April 2017. Alberto Lavandeira, CEO commented: "2016 was a year of project development and ramp-up for our Company. Our results have generated strong production figures and give us significant confidence going forward. We look forward to 2017 as a year of consolidation with further operating improvements and cost efficiencies." Alberto Lavandeira, CEO commented: "2016 was a year of project development and ramp-up for our Company. Our results have generated strong production figures and give us significant confidence going forward. We look forward to 2017 as a year of consolidation with further operating improvements and cost efficiencies."
ATALAYA MINING PLC ("Atalaya" or the "Company") 2016 Operations Update Copper production in line with high end of production guidance Atalaya (AIM: ATYM, TSX: AYM), the European mining and development company provides an operations update for Proyecto Riotinto in respect of 2016. The Company achieved nameplate capacity of 9.5Mtpa, with copper production, recoveries and ore processed increasing on a quarter-on-quarter basis throughout the period. 2016 Highlights · Copper production during 2016 amounted to 26,179 tonnes, in line with the high end of our 2016 production guidance. Contained copper production during Q4 2016 was 8,938 tonnes (Q3 2016: 8,752 tonnes). · Average copper recoveries during 2016 were 83.29%. Recoveries increased to 84.47% during Q4 2016, compared with 83.60% during Q3 2016. · A total of 6.5Mt of ore was processed during 2016. Processing rates during Q4 2016 were similar to those of Q3 2016, reporting 2.0 million tonnes of ore. · 2017 production guidance is forecast to be between 34,000 and 40,000 tonnes of copper in concentrate. Production Ramp-up During 2016, the processing plant was running at 5.0 Mtpa up until May when the Expansion Project was brought on line. Since then, a ramp-up programme was executed resulting in the attainment of nameplate capacity of 9.5 Mtpa in December 2016. Overall, the Company achieved an annual processing rate of 6.5Mt of ore for 2016. Processing rates during Q4 2016 were similar to Q3 2016 reporting 2.0 million tonnes of ore. Scheduled maintenance inspections were executed at the end of December 2016 and early January 2017, resulting in an overall availability of the process plant of 94.8% for 2016. Mining and Processing During 2016, production amounted to 26,179 tonnes of copper contained in concentrate, in line with the high end of our production guidance of 23,500 to 27,000 tonnes. Contained copper production during Q4 2016 was 8,938 tonnes, slightly above the Q3 2016 figure of 8,752 tonnes. · Copper recoveries during 2016 averaged 83.29%, well above historical records. Q4 2016 reported recoveries of 84.47%, up from 83.60% during Q3 2016 mainly as a result of modifications to the process flowsheet. · Copper grade in concentrate averaged 21.56% during 2016, with copper grade in concentrate for Q4 2016 increasing to 22.79%, compared with 20.47% in Q3 2016. · Total ore extraction during 2016 amounted to 6.8 million tonnes. Q4 2016 ore extraction was slightly above Q3 2016, reaching 2.3 million tonnes compared with the 2.1 million tonnes for Q3 2016. · Marginal ore extracted during 2016 reached 1.4 million tonnes and waste removed amounted to 3.5 million cubic meters. Exploration and Geology Exploration drilling was concentrated on the northern extension of the historic Atalaya pit. Results are positive, but preliminary, with fur
The stock of Atalaya Mining PLC (TSE:AYM) gapped up by $0.18 today and has $2.40 target or 3.00% above today’s $2.33 share price. The 8 months technical chart setup indicates low risk for the $271.86M company. The gap was reported on Jan, 10 by Barchart.com. If the $2.40 price target is reached, the company will be worth $8.16 million more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock last traded at $2.33 per share. It is down 3.56% since June 2, 2016 and is uptrending. It has underperformed by 4.01% the S&P500. More recent Atalaya Mining PLC (TSE:AYM) news were published by: Marketwired.com which released: “Atalaya Mining PLC Announces Nameplate capacity achieved at Riotinto Copper …” on December 19, 2016. Also Marketwired.com published the news titled: “Atalaya Mining plc (“Atalaya” or the “Company”) Operational review and release …” on November 24, 2016. Marketwired.com‘s news article titled: “Atalaya Mining PLC: Updated Reserves and Resources Statement” with publication date: July 14, 2016 was also an interesting one. Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus new European copper firm focused on the re-start of production at the Rio Tinto Copper Project. The company has a market cap of $271.86 million. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. It currently has negative earnings. https://friscofastball.com/2017/01/10/what-will-happen-to-atalaya-mining-plc-next-the-stock-just-gapped-up-2/
http://www.cityam.com/254942/atalaya-mining-transforms-original-rio-tinto-mine-tarnished
Small-cap companies such as Atalaya Mining plc (AIM:ATYM) with its market cap of USD $228 Million, have high growth potential but financial strength is the deciding factor in their long-term survival. >>>Related articles: https://simplywall.st/news/2016/11/30/atalaya-mining-plc-aimatym-financial-strength-analysis/ from Android Market Quote App https://play.google.com/store/apps/details?id=us.allinvest.stocks
China to invest $1.3bn expanding Toromocho, its largest overseas copper project http://www.mining.com/china-to-invest-1-3bn-expanding-toromocho-its-largest-overseas-copper-project/
I know this is a copper mine but this truly is a Gold Mine figure of speaking. With confirmed life expectancy of 16.5 years in today's RNS. Updated NI 43-101 technical report for Proyecto Riotinto filed in September 2016, reporting a 12% increase in open pit reserves and extending the life of mine to 16.5 years.