Showing posts with label Goldcorp. Show all posts

Saturday, 13 February 2016

TNR Gold And International Lithium: Argentina’s New Government Scraps Mining Taxes.

Mining.com

Finally Argentina means business again. The proud people of Argentina are taking their country back! Nobody knows the future, but now we have the hope that conservative Mauricio Macri will bring his country back where it belongs on the international arena. I expect that now, finally, country risk will become the huge value catalysis. From the article with Rob McEwen you can better understand what is really happening in Argentina already and how TNR Gold projects in Copper and Lithium will potentially benefit from these positive changes.

TNR Gold Los Azules Copper: New Argentina's Government Making Right Moves, Rob McEwen Says.

Energy Metals Royalty Company TNR Gold Corp. Announces Restructure of Loan.

"We are very fortunate at TNR Gold and International Lithium to have our very strong core partners who are supporting us through thick and thin. Today I am very pleased that Gary and myself are opening the new chapter in TNR Gold's history and we will move forward our Energy Metals Royalty Company business plan forward. We have managed to protect and even built new assets for all our shareholders at TNR Gold during this recent massacre in junior mining and commodities sectors.

Even if markets are not there to appreciate it we still have everything we fought so hard for: Royalty in one of the world's largest Los Azules Copper deposit in Argentina, Shotgun Gold project in Alaska and our Stake in International Lithium. We are coming back in business with TNR Gold and now we have time to monetise our assets and capitalise on the Mega Trend I am writing here about: Next Industrial Energy rEVolution powered by Lithium Technology. Electric Cars, Solar and Wind power generation and distribution are demanding a lot of Copper and Gold will not only provide the best conductivity and connections, but one day will shine as the one and only true money without anyone obligation.

Please check carefully my legal disclaimer and never make any investment decisions without consulting your qualified financial adviser. Read more."

TNR Gold Royalty: McEwen Mining Eyeing Lower Capex Development At Giant Los Azules Copper In Argentina.

And now here we go: Rob McEwen Mr Goldcorp himself is on the road to the economic recovery in Argentina and is working on the giant Los Azules Copper to make it the success story for the proud people of Argentina. I would like to use this opportunity and send my very warm regards and the best wishes for the New Year 2016 to Rob and all his Team at McEwen Mining from all of us at TNR Gold!

Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions.

Mining In Argentina: Can The New Administration Unlock The Potential.

International Lithium and TNR Gold: Changes in Argentine Government Policy.

Orocobre has issued a very interesting news release describing the recent changes in Argentina. I would like to use this opportunity and wish to all proud people of Argentina Merry Christmas and Happy New Year! You deserve it - take your country back now!

Please read carefully my legal disclaimer. Please be advised that NI 43-101 qualified person at TNR Gold and International Lithium has not reviewed any data provided by Orocobre and it should not be relied upon in any financial decisions. Please always consult with your preferred qualified financial adviser.

Argentina 2016 The New Frontier Of Opportunities.

Today I would like to share with you the article written by very talented member of TNR Gold Team Roberto Lara from Argentina. Proud people of Argentina are looking for a change coming to that beautiful country and this report from the ground brings the great energy of the coming spring after the very long winter. Please carefully read my disclaimer and always consult you preferred qualified financial adviser. Read more.

TNR Gold And International Lithium: Argentina Fever Is Back For Investors Who've Waited 14 Years.

I hope that this excitement will get to our companies as well one day! We are ready, we have not only saved our assets, but built new business in Argentina with Ganfeng Lithium - $2.5 Billon market cap giant from China, which is financing International Lithium Mariana J/V project in Argentina.

TNR Gold holds:

1. Royalty in giant Los Azules copper project with McEwen Mining and 1% on Sale of this project;

2. Royalty on Batidero Copper and Gold Project with Lucas Lundin's NGeX Resources;

3. 25.5% in International Lithium, which develops J/V Mariana Lithium project in Argentina being financed by giant from China - Ganfeng Lithium.

4. Royalty on Mariana Lithium project in Argentina with International Lithium and Ganfeng.

5. Shotgun Gold project in Alaska.

Please carefully read my legal disclaimer and you can find all latest financial information about TNR Gold and International Lithium on SEDAR. Please never make any investment decisions without consulting with your preferred qualified financial adviser. Read more.

TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".

"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."

Mining.com:

Argentina’s New Government Scraps Mining Taxes.

Miners struggling to cut costs amid plunging metal prices just got some help from Argentine President Mauricio Macri, as he announced the government has revoked a 5% tax imposed by the previous administration on mining and energy companies.

Macri, who took office in December on a platform of repealing government intervention that scared investors away, unveiled the measure during a visit to the mining province of San Juan, state news agency Telam reported (in Spanish). He later announced it on Twitter:

Argentina’s new government scraps mining taxes

"This is the end for mining taxes. We will help the sector generate more jobs."

Top gold producers Barrick Gold (TSX, NYSE:ABX) and Goldcorp (TSX:G) (NYSE:GG) as well as billionaire Ivan Glasenberg’s Glencore (LON:GLEN), AngloGold Ashanti (JSE:ANG) and Yamana Gold (TSX:YRI)(NYSE:AUY) are among the benefitted by the move.

“Eliminating export duties will have a direct benefit to the state. San Juan is one of the provinces with the largest mining resources in the country. It’s important to have a federal vision about those resources,” Jaime Berge, head of San Juan’s Mining Chamber, told Buenos Aires Herald.

Macri’s government has moved quickly to liberalize market conditions and normalize the country's economy. In only two months, the Argentine government has relaxed exchange controls and let the peso float, eliminated export taxes on mining products and lifted restrictions on the repatriation on earnings and dividends.

Argentina produces silver, gold, copper, aluminum and lead. It also has important potash and uranium reserves.

Sunday, 7 February 2016

TNR Gold Los Azules Copper: New Argentina's Government Making Right Moves, Rob McEwen Says.

The proud people of Argentina are taking their country back! Nobody knows the future, but now we have the hope that conservative Mauricio Macri will bring his country back where it belongs on the international arena. I expect that now, finally, country risk will become the huge value catalysis. From the article with Rob McEwen you can better understand what is really happening in Argentina already and how TNR Gold projects in Copper and Lithium will potentially benefit from these positive changes.

Energy Metals Royalty Company TNR Gold Corp. Announces Restructure of Loan.

Please check carefully my legal disclaimer and never make any investment decisions without consulting your qualified financial adviser. Read more."

TNR Gold Royalty: McEwen Mining Eyeing Lower Capex Development At Giant Los Azules Copper In Argentina.

Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions.

Mining In Argentina: Can The New Administration Unlock The Potential.

International Lithium and TNR Gold: Changes in Argentine Government Policy.

Argentina 2016 The New Frontier Of Opportunities.

TNR Gold And International Lithium: Argentina Fever Is Back For Investors Who've Waited 14 Years.

TNR Gold holds:

1. Royalty in giant Los Azules copper project with McEwen Mining and 1% on Sale of this project;

2. Royalty on Batidero Copper and Gold Project with Lucas Lundin's NGeX Resources;

3. 25.5% in International Lithium, which develops J/V Mariana Lithium project in Argentina being financed by giant from China - Ganfeng Lithium.

4. Royalty on Mariana Lithium project in Argentina with International Lithium and Ganfeng.

5. 100% in Shotgun Gold project in Alaska.

TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".

"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."

The Northern Miner:

New Argentine government making right moves, Rob McEwen says

Canadian gold mogul hopes Mauricio Macri can get Argentina on the right track

After more than a decade of leftist government, voters in Argentina elected Mauricio Macri, a wealthy businessman and Buenos Aires mayor, as their new president on Nov. 22, 2015. The centre-right politician has promised more pro-business and free market policies that he says will tackle some of the country’s biggest problems, which include record-low foreign reserves, a vast budget deficit and an inflation rate running at an annual pace of more than 20%. In his first weeks in office, he made good on a campaign promise to dismantle capital controls and has also cut taxes on agricultural exports, including beef, wheat, corn and soybeans. He has also sent members of his government to meet with the mediator in Argentina’s conflict with foreign bondholders in an effort to end the South American country’s isolation from international credit markets. In addition, Macri has raised interest rates on short-term fixed deposits to help keep a lid on inflation. Other campaign promises include plans to raise tariffs on electricity and natural gas. The Northern Miner asked Rob McEwen, founder of McEwen Mining (TSX: MUX; NYSE: MUX), which has several assets in the country, for his take on the new government.

The Northern Miner: There seems to be a growing sense of hope around Argentina, and the new president is off to a quick start.

Rob McEwen: Yes, it’s a breath of fresh air that is most welcome, particularly for the mining industry.

TNM: The Financial Times noted in a commentary published on Jan. 4 under the headline: “Argentina, Brazil, change places” that a “role reversal” of sorts seems to be taking place between the two South American countries. The article said that “Argentina, long the region’s financial pariah, is coming in from the cold following the election of a new president who has pledged to revive the economy, make amends with holdout creditors and regain investors’ trust,” while Brazil, by contrast, “the once high-flying darling among emerging market investors, has seen its fortunes come crashing down.” Would you agree with that?

RM: They’re both well-endowed with mineral resources, and Brazil has been more forward with their thinking and the development of their natural resources sector, as has Chile. But it’s encouraging to see Argentina letting the peso go to its one rate, natural state, and lifting the capital controls ... getting rid of the export taxes in the mining industry would probably have to wait a little bit longer, as the government is dealing with its domestic sectors first, but ... somewhere along the line this year they’re going to deal with mining. They are also talking about passing legislation that will set clear rules on public protests to avoid the blocking of main roads. Hopefully this legislation will extend to illegal actions by unions to block traffic in and out of mines.

TNM: What other policy changes should be on Macri’s to-do list as he settles into his job?

RM: Lifting the rules on the import of goods, particularly capital goods needed at mines, would make building mines faster and less onerous. That’s what has really contributed to a lot of budgets getting blown out of the water in terms of time and costs. Some of the notions that Kirchner had for trying to develop second and tertiary industry were unproductive and terribly expensive.

TNM: Macri was elected with a slim majority and will certainly face opposition. The last time Argentina devalued its currency, in 2001, there was enormous unrest, a near collapse of the country’s financial system and the largest sovereign default in its history. Given all the policy changes Macri has made since coming to office, is there a danger that he is moving too quickly on eliminating his predecessor’s protectionist policies? At the same time, the country seems to have taken the devaluation of the peso in stride, perhaps because Argentines realize that it is part of a broader plan to overhaul the economy. After the initial 30% devaluation of the currency, for instance, (from 9.8 pesos to the U.S. dollar to 15 pesos to the U.S. dollar), it has held up pretty well, strengthening to 13.3 pesos to the U.S. dollar more recently.

RM: Most items in the country are already priced at the black market rate rather than the official rate, and inflation is running quite high. The corrective action President Macri and his ministers have discussed and enacted will be uncomfortable, but necessary for Argentina to get back on the right economic track. Will he get tossed out? I don’t know. But for Argentina’s sake, I hope not.

TNM: On Dec. 10, the Federal Executive Branch appointed the new authorities of the Ministry of Energy and Mining and the Ministry of Environment and Sustainable Development — headed by Juan Jose Aranguren and Sergio Bergman. Aranguren recently made public the list of officers that will be part of his team at the Energy and Mining Ministry, including Daniel Meilan as the new mining secretary. Is that encouraging news?

RM: Absolutely. Daniel Meilan was the sub-secretary of mining in the 1990s, and so he’s quite attuned with the mining industry and what it needs to work efficiently and profitably.

TNM: Are you optimistic about the new government and the likelihood of change in the mining sector?

RM: It’s going to take a while to change, but if they can come to terms with the U.S. bondholders — which will open up capital markets to the country — and if they can keep making steps to show they’re serious about treating foreign investors fairly, and holding to the laws they put in place that attracted miners to the country in the first place, rather than arbitrarily changing them, then it has a great chance to become a destination for mining capital investment.

TNM: There were rumours two or three years ago that McEwen Mining was so fed up with trying to operate in Argentina that it considered selling its assets there. Is that true?

RM: We have our San Jose mine and large Los Azules copper project. We did market Los Azules two years ago, with the objective of raising funds to finance our gold projects. Unfortunately, falling metal prices and terrible government policies killed that effort. The offers we saw were unimpressive, and our balance sheet improved to the point that there was no pressure or need to sell. Today, I see Argentina becoming one of the best turnaround stories in 2016. Companies with assets down there, such as ours, will likely see their share price appreciate, as the new president enacts more legislation that is foreign-investor friendly. I understand that Argentina plans to send a large delegation of senior officials to the PDAC this year to highlight how serious they are about protecting the rights of foreign investors."

Tuesday, 5 January 2016

Energy Metals Royalty Company TNR Gold Corp. Announces Restructure of Loan.

We are very fortunate at TNR Gold and International Lithium to have our very strong core partners who are supporting us through thick and thin. Today I am very pleased that Gary and myself are opening the new chapter in TNR Gold's history and we will move forward our Energy Metals Royalty Company business plan forward. We have managed to protect and even built new assets for all our shareholders at TNR Gold during this recent massacre in junior mining and commodities sectors.

Please check carefully my legal disclaimer and never make any investment decisions without consulting your qualified financial adviser.

TNR Gold Royalty: McEwen Mining Eyeing Lower Capex Development At Giant Los Azules Copper In Argentina.

Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions.

Mining In Argentina: Can The New Administration Unlock The Potential.

International Lithium and TNR Gold: Changes in Argentine Government Policy.

International Lithium And Ganfeng Lithium Move Mariana Lithium Brine Project Forward In Argentina.

Mr. Kirill Klip, President, International Lithium Corp. comments, “We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products.” Read more.

Argentina 2016 The New Frontier Of Opportunities.

TNR Gold And International Lithium: Argentina Fever Is Back For Investors Who've Waited 14 Years.

TNR Gold And McEwen Mining: Los Azules Copper - Conservative Mauricio Macri Wins Argentina Presidency.

TNR Gold holds:

1. Royalty in giant Los Azules copper project with McEwen Mining and 1% on Sale of this project;

2. Royalty on Batidero Copper and Gold Project with Lucas Lundin's NGeX Resources;

3. 25.5% in International Lithium, which develops J/V Mariana Lithium project in Argentina being financed by giant from China - Ganfeng Lithium.

4. Royalty on Mariana Lithium project in Argentina with International Lithium and Ganfeng.

5. 100% in Shotgun Gold project in Alaska.

TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".

"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."

TNR Gold Corp. Announces Restructure of Loan

Vancouver, B.C. January 05, 2016, TNR Gold Corp. (the “Company” or “TNR) (TSX VENTURE:TNR.V) announces that it has significantly restructured its indebtedness to a private backer who advanced a $3.5 million loan to the Company in May 2012. Instead of repayment by December 31, 2015, the Company and the lender have agreed to extend the due date of the loan to December 31, 2018.

The outstanding indebtedness of approximately $4.3 million will bear interest at the rate of 10% per annum, with interest payable at maturity. In consideration of the restructuring, which will allow the Company to pursue its business and seek strategic transactions for its mineral property assets, the lender will also receive a 10% direct or indirect interest in the following assets of the Company: (a) the Company’s net smelter royalty (0.4%) in the Los Azules copper project in Argentina held through an NSR Royalty Agreement dated October 29, 2014 between Compañía Minera Solitario Argentina S.A. and Andes Corporacion Minera S.A.; (b) the Company’s net smelter royalty (2.0%) in the Mariana Lithium project in Argentina held through an option agreement dated May 19, 2011 among TNR, Compañía Minera Solitario Argentina S.A., International Lithium Corp. and Litio Minera Argentina S.A.; and (c) the mineral claims comprising the Shotgun property in Alaska.

ABOUT TNR GOLD Corp. (www.tnrgoldcorp.com)

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR is also a major shareholder of International Lithium Corp. (TSX:ILC.V) (“ILC”), a company created by TNR to advance its internationally acquired lithium prospects. TNR currently holds about 23.3% of the outstanding shares of ILC.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.

For further details please see our website at

http://www.tnrgoldcorp.com/s/NewsReleases.asp

On behalf of the board,

Gary Schellenberg

President