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The information upon which this newsletter is based has either been supplied to us or comes from our own experience, knowledge and databases. They have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy. The opinions, as of this date,TOWER are subject to change. We do notJL. accept any liability for your reliance them. SEKRETARIAT: PATRA JASA OFFICE 11TH FLOOR SUITE 1140; JEND. GATOT SUBROTO KAV 32-34, upon JAKARTA SELATAN 12950 PHONE: +6221 5290 0255 FAX: +6221 5290 0256 E-MAIL: asosiasi.nikel@gmail.com WEBSITE: www.ani.or.id BANK ADDRESS: ASOSIASI NIKEL INDONESIA; 5385 KCP SUMITMAS; BANK CENTRAL ASIA ACCOUNT NO. 538 530 4681
NEWSLETTER
Website: www.ani.or.id Nickel Historical Chart Spot LME Official Prices, US$ per tonne (Stocks and Prices for 3 September, 2013)
Source: www.kitcometals.com
Source: www.lme.com
The information upon which this newsletter is based has either been supplied to us or comes from our own experience, knowledge and databases. They have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy. The opinions, as of this date,TOWER are subject to change. We do notJL. accept any liability for your reliance them. SEKRETARIAT: PATRA JASA OFFICE 11TH FLOOR SUITE 1140; JEND. GATOT SUBROTO KAV 32-34, upon JAKARTA SELATAN 12950 PHONE: +6221 5290 0255 FAX: +6221 5290 0256 E-MAIL: asosiasi.nikel@gmail.com WEBSITE: www.ani.or.id BANK ADDRESS: ASOSIASI NIKEL INDONESIA; 5385 KCP SUMITMAS; BANK CENTRAL ASIA ACCOUNT NO. 538 530 4681
NEWSLETTER
Website: www.ani.or.id LME Official Opening stocks in tonnes
Stocks Opening Stock Live Warrants Cancelled Warrants Amount 213270 175698 37572
process description, equipment list and an order of magnitude for capital and operating costs. Continued recovery in nickel prices is likely to place nickel laterite companies such as GME back on the investment radar.
Source: http://www.proactiveinvestors.com.au
Produc t
Grade 1.8%1.9%
Note of Price Prices (free on rail, including tax) at Lianyungang and Rizhao port Prices (free on rail, including tax) at Tianjin port Prices (free on rail, including tax) at Fangcheng port Prices (free on rail, including tax) at Lianyungang and Rizhao Prices (free on rail, including tax) at Tianjin port Prices (free on rail, including tax) at Fangcheng port
GME Resources has appointed MWORX Metallurgical Consultants and Tenova Bateman Technologies to complete a conceptual Scoping Study for a nickel laterite processing operation at its 100% owned NiWest Project. The study will be based on a 3.5 million tonne per annum Heap Leach operation which optimises the current resource base of 75 million tonnes at 1% nickel and 0.06% cobalt. It will also consider lower production rates allowing reduced infrastructure costs and utilise existing regionally available reagents. A proposed downstream processing circuit will utilise Solvent Extraction and Electrowinning technology to produce LME cathode nickel and cobalt carbonate product. Scope of Work includes a conceptual flow sheet and layout, preliminary mass balance,
GME Resources commences Scoping Study for nickel heap leach project in WA
360-410
1.9%2.0%
410-460
410-460
410-460
Source: http://www.metal.com
The information upon which this newsletter is based has either been supplied to us or comes from our own experience, knowledge and databases. They have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy. The opinions, as of this date,TOWER are subject to change. We do notJL. accept any liability for your reliance them. SEKRETARIAT: PATRA JASA OFFICE 11TH FLOOR SUITE 1140; JEND. GATOT SUBROTO KAV 32-34, upon JAKARTA SELATAN 12950 PHONE: +6221 5290 0255 FAX: +6221 5290 0256 E-MAIL: asosiasi.nikel@gmail.com WEBSITE: www.ani.or.id BANK ADDRESS: ASOSIASI NIKEL INDONESIA; 5385 KCP SUMITMAS; BANK CENTRAL ASIA ACCOUNT NO. 538 530 4681
NEWSLETTER
Website: www.ani.or.id Axiom Mining in legal battle for rights to massive nickel deposit in Solomon Islands
Axiom Mining is seeking the green light to develop the world-class Isabel Nickel Deposits in the much anticipated Solomon Islands High Court hearing to commence on October 14. Sumitomo Metal Mining launched unsuccessful legal action against the Solomon Islands Government and local landowners in 2007 following the Governments refusal to grant an extension of the preliminary Letter of Intent for exploration activities on Isabel. The Solomon Islands Government issued an International Tender for the Isabel Nickel Deposits, one of the Pacifics largest, in 2010. Sumitomo then secured LOIs over the three main nickel mineralised area however, in 2011, the landowners successfully petitioned for cancellation. Axiom was invited into the Solomons in 2010 by the two key local landowner groups, the Kolosori landowners on Santa Isabel Island and the Bungusule landowners on San Jorge Island. A ground-breaking joint venture, Axiom KB, was formed with each tribe holding 10%. In 2011, Axiom KB secured a 50-year lease over the Kolosori land plus 2 LOIs over those areas where agreement with landowners had been secured, subsequently converted to a Prospecting Licence. This Licence became the focus of renewed legal action from Sumitomo in July 2011 as they sought to halt Axioms exploration activities. Notably, in October 2012, the Court of Appeal set aside previous rulings which were adverse to Axiom. The 14 October 2013 hearing will deal with those remaining issues in dispute including the validity of the 2010 International Tender. A decision in Axiom's favour gives the company control of a goliath and sought after nickel laterite deposit, and the removal of uncertainty will likely lead to sustained strength in market performance.
Source: http://www.proactiveinvestors.com.au
The information upon which this newsletter is based has either been supplied to us or comes from our own experience, knowledge and databases. They have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy. The opinions, as of this date,TOWER are subject to change. We do notJL. accept any liability for your reliance them. SEKRETARIAT: PATRA JASA OFFICE 11TH FLOOR SUITE 1140; JEND. GATOT SUBROTO KAV 32-34, upon JAKARTA SELATAN 12950 PHONE: +6221 5290 0255 FAX: +6221 5290 0256 E-MAIL: asosiasi.nikel@gmail.com WEBSITE: www.ani.or.id BANK ADDRESS: ASOSIASI NIKEL INDONESIA; 5385 KCP SUMITMAS; BANK CENTRAL ASIA ACCOUNT NO. 538 530 4681