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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (34663)	3/25/2009 8:09:36 PM
From: LoneClone	Read Replies (1) of 194504

Globe Metals & Mining: commencement of FeNb metallurgical program Monday , 23 Mar 2009 mineweb.co.za Globe Metals & Mining is pleased to report that it has commenced a small scale metallurgical pilot program, designed to demonstrate the Company's ability to produce steel-grade FeNb from Kanyika. The program will treat 6 tonnes of Kanyika run-of-mine grade material, to produce approximately 60kg of a niobium-rich concentrate, and ultimately 5 to 10kg of FeNb. In addition to demonstrating that steel-grade FeNb can be produced from Kanyika, the final product will be made available to potential off-take partners for assessment. Results are due toward the end of September 2009. A secondary objective of the program will be to assess the viability of economically recovering and producing tantalum and uranium by-products. Approximately 90% of niobium is consumed by the steel industry, predominantly in high-strength low alloy (HSLA) steel products for major civil engineering and construction projects, oil and gas pipelines and the automobile and shipping industries. Globe's planned level of niobium production from Kanyika is 3,000tpa (Nb metal content), primarily in the form of steel-grade FeNb. This will represent no more than 3% of global niobium production per annum. The mini-pilot metallurgical program just commenced is a key component of the Pre-Feasibility Study (PFS) currently underway in relation to the Kanyika Niobium Project. It is also a precursor to a much larger (~500t to 1,000t run-of-mine material) pilot program to be conducted during the Bankable Feasibility Study, to commence after completion of the PFS

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