HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: US government usage and requirements for Chromium - perhaps our fist customer!
This website tells you everything you would like to know on all minerals as it relates to the US. It also shows the potential there would be for us with regards to exports to the US. Good reading. Here's the link. There's also much more on Chromium.
http://minerals.er.usgs.gov/minerals...
Irish
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CHROMIUM
(Data in thousand metric tons gross weight unless otherwise noted) Domestic Production and Use: In 2007, the United States consumed about 11% of world chromite ore production in various forms of imported materials, such as chromite ore, chromium chemicals, chromium ferroalloys, chromium metal, and stainless steel. One U.S. company mined chromite ore in Oregon. Imported chromite was consumed by one chemical firm to produce chromium chemicals. One company produced ferrochromium and chromium metal. Stainless- and heat-resisting-steel producers were the leading consumers of ferrochromium. Superalloys require chromium. The value of chromium material consumption was about $408 million as measured by the value of net imports excluding stainless steel. Salient Statistics—United States: 1 2003 2004 2005 2006 2007e Production: Primary — — — W W Secondary 250 233 255 235 240 Imports for consumption 441 489 503 520 510 Exports 188 171 220 212 210 Government stockpile releases 83 94 91 103 90 Consumption: Reported (includes scrap) 424 444 431 437 440 Apparent (includes scrap) 585 647 629 645 630
Unit value, average annual import (dollars per metric ton): Chromite ore (gross weight) 54 114 140 141 175 Ferrochromium (chromium content) 835 1,322 1,425 1,290 1,555 Chromium metal (gross weight) 5,271 5,823 8,007 8,181 7,859 Stocks, yearend, held by U.S consumers 10 8 9 10 10 Net import reliance as a percentage of apparent
consumption 57 64 59 64 62 Recycling: In 2007, recycled chromium (that contained in reported stainless steel scrap receipts adjusted for stainless steel and chromium metal scrap trade) accounted for 38% of apparent consumption. Import Sources (2003-06): Chromium contained in chromite ore and chromium ferroalloys and metal: South Africa, 34%; Kazakhstan, 18%; Russia, 7%; Zimbabwe, 6%; and other, 35%. Tariff: Item Number Normal Trade Relations
12-31-07 Ore and concentrate 2610.00.0000 Free. Ferrochromium: Carbon more than 4% 7202.41.0000 1.9% ad val. Carbon more than 3% 7202.49.1000 1.9% ad val. Other: Carbon more than 0.5% 7202.49.5010 3.1% ad val. Other 7202.49.5090 3.1% ad val. Ferrochromium silicon 7202.50.0000 10% ad val. Chromium metal: Unwrought powder 8112.21.0000 3% ad val. Waste and scrap 8112.22.0000 Free. Other 8112.29.0000 3% ad val. Depletion Allowance: 22% (Domestic), 14% (Foreign). Government Stockpile: In fiscal year (FY) 2007, which ended on September 30, 2007, the Defense Logistics Agency, Defense National Stockpile Center (DNSC), disposed of 152,000 tons of high-carbon ferrochromium, 72,500 tons of low-carbon ferrochromium, and 139 tons of chromium metal. Metallurgical-grade chromite ore stocks were exhausted in FY 2002; chemical- and refractory-grade chromite ore stocks were exhausted in FY 2004; ferrochromium silicon stocks were exhausted in FY 2002. The DNSC announced maximum disposal limits for FY 2008 of about 45,000 tons of refractory-grade chromite ore, 136,000 tons of ferrochromium (high- and low-carbon combined), and 907 tons of chromium metal. At the current maximum disposal rate, ferrochromium stocks will be exhausted in FY 2011, and chromium metal in FY 2013.
Prepared by CHROMIUM Stockpile Status—9-30-07 5 Average Uncommitted Committed Authorized Disposal plan Disposals chromium Material inventory inventory for disposal FY 2007 FY 2007 content Chromite ore: Chemical-grade — — — 4.54 — 28.6% Refractory-grade — — — 84.4 — 23.9%
Ferrochromium: High-carbon 113 — 265 136 152 71.4%
Low-carbon 61 — 134 ( ) 72.5 71.4%
Chromium metal 5.15 — 5.28 0.907 0.139 100% Events, Trends, and Issues: The price of ferrochromium reached historically high levels in 2007. China’s role as a chromium consumer grew along with its stainless steel production industry. China’s importance as a consumer of raw materials increased owing to its strong economic growth and the expansion of its stainless steel production. China’s growth was generally recognized as the leading cause of increased chromium demand. Chinese stainless steel production exceeded that of the United States beginning in 2004 and by 2007 was 142% greater than that of the United States. World Mine Production, Reserves, and Reserve Base: Mine production 7 Reserves8 Reserve base8 2006 2007 e (shipping grade)9 United States W W 110 120 India 3,600 3,600 25,000 57,000 Kazakhstan 3,600 3,600 290,000 470,000 South Africa 7,418 7,500 160,000 270,000 Other countries 4,970 5,000 NA NA World total (rounded) 19,600 20,000 NA NA World Resources: World resources are greater than 12 billion tons of shipping-grade chromite, sufficient to meet conceivable demand for centuries. About 95% of the world’s chromium resources is geographically concentrated in Kazakhstan and southern Africa; U.S. chromium resources are mostly in the Stillwater Complex in Montana. Substitutes: Chromium has no substitute in stainless steel, the leading end use, or in superalloys, the major strategic end use. Chromium-containing scrap can substitute for ferrochromium in metallurgical uses. e Estimated. NA Not available. W Withheld to avoid disclosing company proprietary data. — Zero. 1 Data in thousand metric tons of contained chromium unless otherwise noted. Revisions (to 2003-06 production, trade, and apparent consumption) principally based on the reevaluation of import and export data by adding stainless steel mill products, which account for an increasing amount of chromium introduced to the U.S. economy, and on accounting for the role of stainless steel scrap trade in secondary production. 2 Calculated consumption of chromium; equal to production (from mines and scrap) + imports – exports + stock adjustments. 3 Defined as imports – exports + adjustments for Government and industry stock changes. 4 In addition to the tariff items listed, certain imported chromium materials (see 26 U.S.C. sec. 4661, 4662, and 4672) are subject to excise tax. 5 See Appendix B for definitions. 6 Disposal plan for ferrochromium without distinction between high-carbon and low-carbon ferrochromium; total included in high-carbon. 7 Mine production units are thousand metric tons, gross weight, of marketable chromite ore. 8 See Appendix C for definitions. 9 . U.S. Geological Survey, Mineral Commodity Summaries, January 2008
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