RE:1.9 BILLIONSo Arianne still proving up resources of phosphate and is hoping for a 2017 start. It's now at 70 cents and MBAC is so far ahead of them
This is a news release from Arianne Phosphate translated into English, just wanted everyone to see the 1.9 BILLION needed by 2017. RE:en Français Chicoutimi) The Phosphate mining project Arianne will take another important step in a few weeks, while Saguenay Ports deposit with the Bureau of the major Canadian government projects the project proposal for the construction of a maritime service to of Anse-à-Pelletier in the territory of Sainte-Rose-du-Nord. The company hands the plans and specifications of the infrastructure that will be built between Highway 172 and the platform to build on the edge of the Saguenay. This is the transfer site and storage of the concentrate, a conveyor and pier where boats will be loaded. "We are in the final drafting of the draft notice to be sent to the federal government. A notice is sent to the office of the major projects as well as relevant ministries, "the COO of mining, Jean-Sébastien David. "We are building an infrastructure that will be operated by Port Saguenay and which constitute an extension of port facilities. The project will allow us to tranship 3 million metric tons of phosphate concentrate. There is space to add other users if new projects are developed and need to transfer capabilities, but first, we work according to our need to ship our concentrate. " The federal environmental assessment process is different from that of the Ministry of Environment of Quebec. It includes a number of criteria determining the level of studies and their importance depending on the nature of the work required. For example, baskets studies differ in the amounts of material excavated in the water when it comes to a seaport. The developer believes that the project has yet to delay the timelines even if the time is slightly longer regarding the impact study to be submitted to public consultation for the mine site and the road network transport. "We met with the Ministry of Environment last week to understand the additional issues raised which we will respond. It is hoped that this will be the last questions to get our admissibility of opinion, "says Chief Operating Officer. Transformation concentrated Arianne Phosphate deposit before the BAPE additional processing project concentrated fertilizer in Quebec. Jean-Sébastien David hopes to anticipate the questions and did not make an illusion for such a project would require investment $ 1.9 billion, excluding the social acceptability problem since it is a treatment chemicals complex heavy. "We focus on finding funding for our project of mine that the operation is hoped to 2017. The costs are still the order of $ 1.1 billion including the pier and the road. It is true that we are in a difficult time to raise funding for a mining project, but we are confident. " Jean-Sébastien David points out that at the beginning of the crisis between Ukraine and Russia, the phone started ringing in the offices of Rue Racine food grade phosphorus transformers were already looking for new suppliers. Russia, which produces 4 million metric tons of food grade phosphorus is the main competitor Arianne Phosphate. "Phosphorus is a convenience that is not in the same group as the metal. The prices have not fluctuated as significantly as iron and are relatively stable. We did a feasibility study with an average price of US $ 137. Caisse de depot et placement du Quebec comes to $ 135 per metric ton in the long term. The price is currently $ 120 per ton, according to the index of Casablanca which is a benchmark for the global market. This is a price that does not include premiums for product quality, "continues the pattern of mining. Notwithstanding the price and the climate of uncertainty that makes investors cautious, Jean-Sébastien David says that the window is excellent to launch the project of Lake Paul. With the closure of two mines in North America in the short term, the deficit will be concentrated in the region of 4.5 million metric tons per year for the fertilizer manufacturers and other products requiring phosphorus Read more at https://www.stockhouse.com/companies/bullboard/v.dan/d-arianne-resources-inc#ElguXkUIxDdDStdx.99
Read more at https://www.stockhouse.com/companies/bullboard/t.mbc/mbac-fertilizer-corp#2746rXIFwi2iZdjY.99