Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Copper

Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., which is focused on the acquisition and management of renewable energy investments and royalties.

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Altius Minerals Corp

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Comment by metalminderon Feb 09, 2014 5:45pm

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Post# 22189504

RE:offshore oil discovery turns the tide for Newfoundland’s

I have recently been thinking about Altius's NLRC project. Any amount of monetization of the NLRC project will go directly to Altius's bottomline. This article re-enforces that NLRC has real possibilities. I am always amazed how prescient Altius's vision for resource development is in their area of operations. Of course this is all "in my opinion." And I have no idea whether NLRC plays into any drilling-refining-distribution scenario imagined for the possibilities for this "mammoth offshore oil discovery for Newfoundland", but when you read the following, taken from Altius's web site, the possibilities for NLRC may be very real indeed:

Background

Feasibility Study

Newfoundland and Labrador Refining Corporation (NLRC) announced on February 08, 2006 that it has begun a feasibility study concerning a potential new oil refinery in Placentia Bay, Newfoundland and Labrador, Canada. The feasibility study concluded that a 300,000-barrel-per-day oil refinery would currently cost $4.6-billion (U.S.), plus standard owner's costs, and would rank among the largest and most advanced crude oil processing plants in the world. Such a refinery in Placentia Bay appears to be economically feasible with a base-case 15 per cent rate of return indicated based on a number of inputs, including the company's conservative long-term refining margin outlook.

The project proposal is timely because of limited of oil refining capacity worldwide and strong market demand for refined petroleum products. The feasibility study area in Placentia Bay has been selected because it is a strategic location that offers natural competitive advantages over locations in the world being considered by others in the refining industry. In addition, the province of Newfoundland and Labrador has encouraged and promoted the building of new oil refining capacity in the province.

Study Area

The study area is located at the head of Placentia Bay, which is a strategic location and is a natural choice for the feasibility study due to many factors including the presence of skilled local workforce, established ice-free, deepwater shipping lanes, and proximity to both potential oil supplies and large markets for refined products along the east coast of North America and in Europe.

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