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  1. #29
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    March 14, 2008 -- Terramin Australia has secured the first customer for its Algerian zinc/lead project.

    Sempra Metals has agreed to buy at least 500,000 tonnes of zinc concentrate.

    Sempra, which has previously agreed to buy all of the production from Terramin's Angas zinc mine in the Adelaide Hills, will buy 100,000 tonnes of concentrate from the Algerian project, Tala Hamza, each year for five years.

    It also has an option to extend for a further five years.

    "The tonnage agreement is only a portion of the potential initial and ultimate production rate forecast  currently the subject of on-going technical studies,'' Terramin said in a statement.

    "The uncommitted production easily accommodates the commitment to supply the Algerian domestic market with metal.''

    The Tala Hamza mine was expected to produce about 230,000 tonnes of concentrates per year, based on an ore through-put of two million tonnes per year.

    Sempra has also agreed to subscribe for $US15 million in five-year convertible notes, which are convertible into shares at Terramin's discretion at any time, or by Sempra after two years or the completion of a definitive feasibility study.

    The money raised will cover the funding for the Tala Hamza pre-feasibility study.

    Terramin shares were 15c higher at $3.00 at 1530 AEDT.

  2. #30
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    Dimanche 16 Mars 2008 -- La production de zinc qui sera issue du projet de Tala Hamza, exploité par la société minière australienne Terramin, a déjà trouvé acquéreur pour les 5 premières années suivant l’entrée en exploitation de la mine. Dans un communiqué publié en fin de semaine, la compagnie australienne a en effet annoncé que la société Sempra Metals a accepté d’acheter 500 000 tonnes de ce zinc pendant 5 ans, à raison de 100 000 tonnes par an. Cette société n’en est pas à sa première transaction avec Terramin auprès de laquelle elle a, par le passé, convenu d’acquérir toute la production de la mine de zinc d’Adelaide Hills.

    «L’accord qui a été trouvé sur le niveau de tonnage ne constitue qu’une partie du potentiel de production prévu et qui fait actuellement l’objet d’une étude technique», a indiqué le communiqué de la compagnie. Ce dernier précise, en outre, que les deux parties ont également convenu que la durée de 5 ans peut être extensible à 5 années supplémentaires.

    Par ailleurs, la part de la production qui n’est pas concernée par l’accord peut facilement répondre aux besoins du marché local, indique la même source.

    Selon la compagnie australienne, la mine de Tala Hamza pourrait produire jusqu’à 230 000 tonnes de concentré de zinc par an. Terramin a annoncé le mois dernier que, suite aux résultats positifs obtenus sur les études préliminaires, elle comptait se lancer dans les études de préfaisabilité des mines de Tala Hamza. Les résultats obtenus permettent en effet d’envisager un potentiel d’extraction de deux millions de tonnes de minerai par an, soit une hausse de 66 % par rapport aux premières prévisions.

    La compagnie australienne prévoit de commencer la production de zinc et de plomb du gisement de Tala Hamza d’ici à 2011. «Ce projet placera Terramin parmi les 10 principaux producteurs mondiaux de zinc, probablement le septième ou le huitième», a indiqué un de ses responsables. Le gisement de Tala Hamza est considéré comme le cinquième gisement mondial de plomb et de zinc.

  3. #31
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    Vendredi 21 Mars 2008 -- Si soucieuse de la souveraineté de son territoire, l’Algérie s’expose à une mise en danger de ses terres par une pollution irréversible. Alors que le gouvernement prétend développer le tourisme, les riches perspectives de l’activité minière en raison de l’abondance des ressources (zinc, plomb, or, diamants et uranium) risquent de mettre en danger les paysages à défaut de se soucier des Algériens.

    Ruée

    Depuis 2001, le régime brade ce secteur sous-exploité à des acteurs privés nationaux et étrangers en s’appuyant sur une loi permettant à des entreprises de concourir à l’attribution de titres d’exploitation des sous-sols, grande nouveauté pour un pays qui conservait jalousement le monopole d’Etat. Cette loi prévoit des avantages fiscaux et exemptions douanières pour les entreprises se partageant le marché. Aujourd’hui, c’est la ruée, surtout vers le zinc et le plomb. Cette politique s’est montrée payante : en 2006, les exportations de métaux ont représenté près de 300 millions d’euros.

    A y regarder de près, cette loi s’est révélée incapable de faire face aux obligations environnementales fixées par les standards occidentaux. En Algérie, les obligations liées à la protection de l’environnement sont très vagues et se résument principalement à la remise annuelle par les entreprises minières d’un rapport à l’administration. Le pays, qui espère intégrer l’OMC, est soucieux de rassurer les multinationales quant au respect des règles de concurrence. Les autorités semblent plus désinvoltes concernant la protection de la population et de l’environnement. Ainsi, tout en reconnaissant, en mai 2006, que les «ressources minérales sont par définition non renouvelables et agressives pour l’environnement immédiat», ce n’est qu’à partir de mars 2007 que le ministre de l’Energie et des Mines considère utile de «dégager des propositions relatives aux mesures et aux solutions à nos préoccupations en matière de protection environnementale».

    Rente

    Nombre d’entreprises avaient déjà reçu les autorisations et s’étaient engagées dans les travaux. Tout l’inverse de ce qui se passe dans les pays leaders de l’OMC : l’extraction du plomb et du zinc (deux des ressources les plus toxiques) n’y sont plus que difficilement autorisés ; le respect de l’environnement coûte trop cher. La population est prise entre inquiétude face aux pollutions et opportunités d’emploi. A cela s’ajoute l’éternel problème de la jeune Algérie : sa dépendance à la rente du sous-sol. Après le pétrole, les minerais enrichissent potentats et firmes étrangères tout en laissant l’économie dans une situation de sous-développement.

    Des protestations se sont fait jour contre l’entreprise australienne Terramin, sans grand succès ; l’Australie dispose pourtant d’un arsenal juridique plus rigoureux qui a habitué ses entreprises au contrôle citoyen. Les plus gros marchés ont été emportés par des entreprises chinoises, qui dans leur pays respectent peu les normes internationales de responsabilités sociale et environnementale. Prometteur.

  4. #32
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    March 27, 2008 -- Australian mining company Terramin is moving ahead with plans for a zinc and lead mine in Algeria's Oued Amizour region, with a feasibility study due to be launched in the final quarter of the year.

    Exploratory drilling will be concluded in six months. A feasibility study is expected to be launched in October and is scheduled to be complete by mid-2009. Australia's WorleyParsons is working on the pre-feasibility study.

    "This is clearly a sizeable and viable operation," says Kevin Moriarty, chief executive officer of Terramin. "We are very positive about the prospects."

    The development of the mine is likely to take place in two phases. The high mineral concentrations already found are expected to allow a small operation to start before a larger second phase of development begins.

    "This is a very strongly mineralised area," says Moriarty. "There is a lot of work to be done."

    The project is being developed with state-owned Entreprise Nationale des Produits Miniers Non-Ferreux.

    Algeria's second bidding round for mining acreages is under way. The country's mineral deposits are largely under-developed and, although the government is seeking foreign investment in the sector, it is yet to develop a bidding process that offers wide industry appeal.

  5. #33
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    Quote Originally Posted by Al-khiyal View Post

    April 25, 2008 -- Canadian firm Lundin Mining has taken a 4 per cent stake in Adelaide zinc and lead miner Terramin Australia, and could hold another 3.6 per cent.

    At the firm's annual meeting in Adelaide yesterday, executive chairman Kevin Moriarty said Terramin had only recently discovered the $3.3 billion diversified base metals miner was the owner of the 4 per cent stake.

    Another 3.6 per cent had been bought through the same nominee, and Dr Moriarty said that Terramin had been trying to find out who owned it without success, despite the Australian Securities and Investments Commission being involved.

    Lundin had contacted Terramin late last year about touring Terramin's Tala Hamza zinc/lead project in Algeria, but Terramin declined.

    Dr Moriarty scorned the idea of a potential takeover however, noting that institutional shareholders and company officers owned 61 per cent of the company.

    Dr Moriarty said the company could deliver 10 to 20 times growth in shareholder value during the next four to five years, and it was very unlikely a takeover would result in the same outcome for shareholders.

    "The effects of imminent production at Angas are already being reflected in higher share prices that appear to be justified by Angas production alone," Dr Moriarty said.

    "Terramin's market capitalisation has been remarkably resilient compared to our peers during the recent market turmoil, and this is undoubtedly due to recognition that the quality and size of our projects will lead to major growth."

    On the operational front, Terramin's $70 million Angas mine near Strathalbyn in the Adelaide Hills had started stockpiling ore and was on track for mine commissioning in June, on time and on budget.

    When fully operational, it will produce 65,000 tonnes of zinc and 24,000 tonnes of lead-copper concentrate per year.

    Also in South Australia, Zinifex had taken control of the Menninie Dam project on the Eyre Peninsula, after earning a 76 per cent stake by spending $8 million.

    Another $10 million was expected to be spent this year - targeting an increase in the current 3.8 million tonne ore resource - with a target in the region of 15-20 million tonnes.

    At the company's Tala Hamza project it planned to finish a pre-feasibility study on the basis of a 20 million tonne resource by October, with a full feasibility study being completed next year.

    The current resource stands at 55 million tonnes at 5 per cent zinc and 1.2 per cent lead with drilling continuing.

    Golder Associates has estimated that a 2 million tonne per year operation there would cost $US356 million to set up.

    Dr Moriarty also said the company was "evaluating and bidding on projects as we speak''.

    Terramin shares closed 2c lower at $3.28 yesterday.

  6. #34
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    April 30, 2008 -- It was part of an inspection of Australian mining operations in NSW, South Australia and Western Australia and meetings with industry leaders.

    The visitors included the Presidents of Algeria’s two major national mining regulators, the National Agency for Mining Patrimony (ANPM) and the National Agency of Geology and Mining Control (ANGCM), as well as the head of the Algerian department of mines, (DGM).

    Terramin Australia Limited - which is currently developing Algeria’s largest zinc mine at Oued Amizour on the north coast - invited the delegation so they could observe the dynamic conditions for promoting exploration and development investment in Australia.

    While in Australia, they will tour some of Australia’s most advanced mines, including the Rio-Sumitomo Northparkes mine, and the most modern base metal mine in Australia – Terramin’s soon to open Angas Zinc Mine - located just 45 minutes from Adelaide.

    The visitors will see how the Angas mine is located near wineries and the Murray River near Adelaide, and so had to incorporate the best environmental technology while containing the operations to a very small area.

    In WA, they will visit Oxiana’s Golden Grove base metals mining operation.

    Meeting the visitors in Sydney on the weekend, Terramin’s Executive Chairman, Dr Kevin Moriarty, said these experiences would provide them with examples of best practice that they can draw on in assessing new mines within Algeria.

    Terramin’s Tala Hamza project, a joint venture with two Algerian government mining companies, is likely to be the first application of modern underground mining in Algeria. Production is planned to start around 2010-11, and the mine is likely to rank in the top four zinc producers in the world by that time, since many large zinc mines will be declining or closed.

  7. #35
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    May 23, 2008 -- Terramin Australia Limited today announced a significant expansion of its developing Algerian zinc operations, including a broadening of exploration to prime targets not previously drilled by the company and the possibility of winning access to another prime zinc project south east of its current project. Outlining a raft of new developments within its Algerian operations, Adelaide-based Terramin today announced:-

    A resource update, for the main mineralised area aimed at delivering the company's first zinc production from the rich Tala Hamza deposit, is now expected early in the coming quarter. The company is about to commence its first drilling to test deposits around Tala Hamza in which early drilling by the Algerian Government's exploration arm, ORGM, encountered significant intercepts of lead-zinc. Terramin has been advised that it has been nominated by the Algerian Government as the lead contender in bidding for another zinc project, also close to existing infrastructure.
    Resource upgrade

    Dr Kevin Moriarty, Terramin's Executive Chairman, said today the likelihood of an earlier upgrade of the zinc resource within the priority zone of the Tala Hamza deposit was expected, following the accelerated infill drilling program within the main Oued Amizour zinc project area. "A four rig operation has focused on redrilling the original resource identified by ORGM for better definition and after duplicate holes by Terramin showed an increase in grade in some areas," Dr Moriarty said. "We have made rapid progress on infill drilling the priority zone; an area selected as most likely for first production, to push towards our target of 20 million tonnes (Mt) for an Indicated Resource within the zone," he said. "Additionally, the redrill rate of older ORGM drill holes within the priority area has been such that it has now provided drill data of sufficient confidence to enable an upgraded estimation of the resource in the third quarter. "The accelerated drilling has been matched by geological work to map the structures and controls on the mineralisation to a far greater degree than was possible in the original wide spaced program by ORGM."

    Dr Moriarty said that with the priority program now almost complete, Terramin is already relocating rigs at Tala Hamza to undertake infill drilling in the deposit outside the priority zone."Step-out drilling is also underway to determine the extent of mineralisation where the deposit is unconstrained, particularly to the south and southwest. "Latest Tala Hamza priority zone assay results have now been received for holes in the priority zone up to TH028. Hole 40, which is underway, will be the last from the priority zone. New results are summarised in the table below:


    Intersections for the mineralised interval are based on a 1% Pb+Zn cut off.

    Collar details for these holes are as below:


    Holes TH025 and TH027 were consistent with results from earlier drilling at the eastern edge of the deposit where faulting interrupts the mineralisation. Holes TH024, TH026 and TH028 were drilled in the thicker high-grade part of the deposit. TH024 and TH026 had good intersections while Hole TH028 returned the second best intersection from the deposit including a 64 metre interval at 18% Pb+Zn with high lead values (6.4% Pb).

    Rig mobilised for drilling of new areas

    Dr Moriarty said Terramin was also accelerating its own initial drilling of deposits around Tala Hamza in which early ORGM drilling encountered significant intercepts of lead-zinc."We are mobilising a rig for our maiden drilling to test these intercepts, which Terramin has assessed could be indicators of more high-grade deposits," he said." The rig will commence at Tala Hamza South where ORGM Hole 104 stopped in mineralisation that may be continuous with our proven Tala Hamza deposit. If so, it would extend the deposit for at least 200 metres.

    "Other areas to be targeted include Iheddaden to the west, where 10 holes outlined a significant size deposit; and Ait Ayad in a similar setting to Tala Hamza to the north. "Prospects such as Bouzenan, to the south, where mineralisation is at the surface, will also be targeted over the next few months."



    Potential new Algerian zinc project

    Dr Moriarty said Terramin had been advised it has been nominated by the Algerian Government as the lead contender in a technical round of bids to develop the Ain Bougda zinc project in the southeast of the country."If successful in the financial tender, our Ain Bougda bid will deliver Terramin a second key Algerian zinc project close to infrastructure," he said."We look forward to the final decision and will advise the market as soon we are advised of further developments with this bid."

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