Abaxx Technologies Inc N.ABXX

Alternate Symbol(s): ABXXF

Technology Software - Application

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.

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Abaxx Technologies Inc

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Post by yvmeson Jul 31, 2014 10:55am

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Post# 22798375

Drowning In Iron ORE?

07/24/2014

QUEBEC – Popularity is growing for the creation of a new rail line through the Labrador Trough. The latest to throw its support behind the idea is Champion Iron of Montreal. The company has agreed to participate in the Quebec government's feasibility study of a new link between the trough and the port of Sept-Iles.

The increased number of iron ore development in the region has new producers needing a means of shipping ores and concentrates to offshore markets.

Quebec, in its 2014-15 budget, has promised $20 million toward the feasibility study. Through the Secretariat au Plan Nord, it is asking mining companies in the region whether they will contribute to the study.

Champion has several iron ore projects in the Labrador Trough. A preliminary feasibility study has been completed on the Consolidated Fire Lake North project near the hamlet of Fermont, QC. It outlines a 20-year mine producing 9.3 million t/y of iron concentrate. The CFLN property has a total resources of 3.6 billion tonnes, add in resources at the company's other nearby properties and the amount rises to more than 5.3 billion tonnes.