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TZN - Terramin Australia

Guys just saw this article, thought those still holding would be interested to read,






Brown will head Hills mine inquiry
By JEMMA CHAPMAN
10may06
FORMER Liberal premier Dean Brown has been appointed by the State Government to chair a committee examining community concerns about a proposed zinc, lead and silver mine near Strathalbyn, in the Adelaide Hills.

Mineral Resources Development Minister Paul Holloway yesterday told State Parliament the committee was part of a "rigorous" assessment process of Terramin Australia Ltd's mine application.

Mr Holloway said Mr Brown's appointment was suggested by members of the local community and that he would bring a "wealth of knowledge" to the role.

"As the former member for Finniss, Mr Brown has a unique understanding of the issues that concern the Strathalbyn community," he said. "As a former premier, he knows where to find, and how to get, answers."

Local residents have raised safety concerns about the proposed mine, which will be close to schools, a kindergarten and a childcare centre.









Mr Brown said he was pleased to take up the role.

"It's more a matter of helping the community identify issues and go and find answers for them,"he said.

"Firstly, I know the community well and secondly I will be able to identify where to find answers within government." Mr Brown said concerns related to the proximity of the proposed mine to the town, noise, visual impact and dust.

Premier Mike Rann said the committee would identify and consider the community's concerns about the proposal and highlight to the Government "any unresolved issues". Mr Rann said the committee would have unprecedented access to information about the mine's operation mine, including direct access to Terramin, government agencies and the Environment Protection Authority.

He said more than 100 submissions had already been received during community consultation into the mine and were being considered.

Other members of the committee would be named "in the near future".

Meanwhile, Mr Holloway told Parliament one of the state's major mining projects - Oxiana Ltd's Prominent Hill copper and gold mine in the the state's far north - was on track to reaching full production by the end of 2008.

He said the project was expected to generate up to 700 jobs during the construction phase and about 400 permanent jobs once the mine reached full production.

The Prominent Hill site is about 650km north-west of Adelaide and about 130km south-east of Coober Pedy.
 
Governments don't normally financially support projects and then scuttle them when a local communities concerns are not justifiable.

Even though Angas will annually generate approximately $ 1 per share EBITDA from 2007-2008 IMO Menninnie will be far more significant.

For Dr Kevin Moriarty to be talking about Broken Hill ( 280 Mt) and Menninnie is some statement and Zinifex must agree with Menninnie being the only exploration project where they are increasing their rate of spending (ZFX will be having major supply problems by 2010 without new projects).

It will be interesting to see the reaction when the 35m high grade and 33m very good high grade intersections released.

IMO options for the company secretary at $1.44 could indicate we've already seen the bottom for TZN
 
todays annoucement seemed to me more a plea for the GREEN LIGHT...
Politically this could be a hot potato for the local MP...

South Australians hate developement, especially in a nice area like Strathalbyn...

so while the feasibilit study is great... whether the green light is given, is anyones guess...

regardless, i don't think the Angas mine is the biggy, tho it will be a great move if it does get developed... it only has a mine life of 7 years...!

any thought???
 
Just heard about terramin on the local (SA) radio - being talked about in terms of employment opportunities etc. I am thinking that Rann is quite pro-uranium in the midst of an anti-uranium party so I suspect he wont let this opportunity (OK I know it isnt uranium) pass by either!

SA is on the verge of significant mining developments so I am hoping this means it will be the green light!
 
When the SA govt is paying 50% of the deep drilling on Angas would they stop the develoment considering all MARP submission action requirements have been complied with?
 
red said:
When the SA govt is paying 50% of the deep drilling on Angas would they stop the develoment considering all MARP submission action requirements have been complied with?


In the normal course of events, they wouldnt but this Government has done some particularly er.... interesting, turnarounds.

BUT - Strathalbyn is in a very safe Liberal electorate so I am thinking that should approval be given by the Labor Govt, the voter backlash wont exactly matter in the Polls, Labor wouldnt have won the seat anyway :p:
 
Prospector said:
BUT - Strathalbyn is in a very safe Liberal electorate so I am thinking that should approval be given by the Labor Govt, the voter backlash wont exactly matter in the Polls, Labor wouldnt have won the seat anyway :p:

Great Point there... I think you might just be right...
All aboard TZN then... :)
 
G'day all,

I live in Strathalbyn and opposition to the mine is running out of puff. The ore transport road from Strath to the freeway has just been widened and edges bitumised to B-double standard, so the SA Govt has spent money in preparation for a green light decision. There will be substantial benefit to the town if the mine goes ahead. I have always been in support of the mine and don't know anyone who holds an opposite view.

And with TZN finding support at $1.10 and expecting an announcement to be made soon, I just bought back in! So hoping for the best. New to trading, I was amazed that YT spotted this stock so far back from Sydney-it's a bit easier when you live next door and can see the work being done and the money being spent.

Cheers,
AC
 
hi folks
Due to my computer being unable to read anything that resembles an Adobe page can someone please tell me what spike in the price today was about .
I know there was some results but I don't know what they were
Thanks for the help
Cheers Martin :)
 
ASX
Shareholder
Report
July 3, 2006

ALGERIAN DRILL START AS TERRAMIN SETS
SEPTEMBER DEADLINE FOR FIRST RESOURCE
Terramin Australia Limited today reported further progress on its
Algerian zinc project, with the granting of a mining permit and
the commencement of an intensive drilling program.
“Permit approval has cleared the way for a commencement to
drilling, with a diamond rig already onsite to infill drill
the project’s main Tala Hamza deposit,” Terramin’s Executive
Chairman, Dr Kevin Moriarty, said today.
“This timetable will deliver estimation of a JORC standard
Inferred Resource in September under our campaign
to rapidly prove up the zinc potential within the permit,”
Dr Moriarty said.
“Two additional rigs are scheduled to arrive on site
in September to help deliver a complete 25 hole program by the
end of the year.”
The Mining Permit covers 123 km ² of the Oued Amizour zinc
project in north-eastern Algeria.
The project area contains the 50 million tonne Tala Hamza
deposit as well as a number of partially drilled deposits.
“Several large targets have been identified within 500m
of Tala Hamza and these will have priority status
so feasibility studies can include them in planning for plant
expansion,” Dr Moriarty said.
Three global engineering firms experienced in Algerian
conditions and language are preparing quotes
for first stage mining studies, to be conducted concurrently
with the drill program.
“This dual approach should ensure the full feasibility work is
completed during next year,” Dr Moriarty said.
Terramin is currently negotiating financing arrangements for the
feasibility study and subsequent development work.
In separate developments, Terramin also announced today that
its Angas zinc project near Adelaide had completed all
regulatory processes and the offer of a Mining Lease
was expected this month, with approval of the mining program
(MARP) expected in August. Options to purchase critical plant
items for Angas had been extended to late
in August with production still set for mid-2007.


There was also a "becoming a substantial shareholder" announcement by Sempra now holding 7.86%
 
Is it still a good time to buy TZN? Seems like the commondy prices are become stable again. But it's $1.5 now already, was thinking to buy some when it's still 1.2-1.3 before
 
Fung,

Did you end up buying ? It is now in Trading halt , my bet is a big annoucement is on the way :)
 
The green light for Angas Zinc Project and in a down day, the market seems to like it, a lot! :D
 
Seems to be another of those big triamgles happening, converging with some upward momentum perhaps. Once again, could break up or down atm, but todays action seems to be sending it bullish.
 

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