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: Chromite part 2
Funkey since you brought up Arcelor...
2008
https://www.metalbulletin.com/Article/1899208/Speculation-rife-over-ArcelorMittals-intentions-t
Speculation was growing on Monday that the world’s largest steelmaker, ArcelorMittal, could be considering buying the Finnish government’s 31% stake in Outokumpu
ArcelorMittal is thought to be interested in the Finnish company not only because it is said to be outperforming other producers, but also because it has the added advantage of being backwardly integrated as it has its own chrome ore mine.
The buy out…didn’t happen
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2012
Outokumpu and ThyssenKrupp to combine their stainless steel businesses to create a new global leader in stainless steel
http://www.outokumpu.com/en/news-events/press-release/Pages/Outokumpu-488147.aspx
http://blog.al.com/press-register-business/2012/01/outokumpu_confirms_deal_to_buy.html
2013 in Calvert Alabama, USA
ArcelorMittal, Nippon Steel to buy Thyssen U.S. plant for $1.55 billion
https://www.reuters.com/article/us-thyssenkrupp-usssteel-arcelormittal/arcelormittal-nippon-steel-to-buy-thyssen-u-s-plant-for-1-55-billion-idUSBRE9AS0TL20131129
2014
ArcelorMittal, Nippon Steel & Sumitomo Metals Corporation announce further investments in AM/NS Calvert
http://corporate.arcelormittal.com/news-and-media/news/2014/sep/16-09-2014a
Chicago, September 16, 2014
Today, ArcelorMittal, in partnership with joint venture partner Nippon Steel & Sumitomo Metals Corporation (NSSMC), announced two important investment projects that will further enhance the capabilities of AM/NS Calvert, the world’s most advanced steel finishing facility in Calvert, Alabama.
In addition, ThyssenKrupp will fully divest its 29.9 percent shareholding in Outokumpu and terminate all other financial links with Outokumpu.
ArcelorMittal, Nippon Steel & Sumitomo Metals Corporation announce further investments in AM/NS Calvert
2015
Outokumpu Calvert mill street address has changed
SEP 18, 2015 Americas
We are pleased to announce that the street address of our Calvert, AL. mill has changed to reflect the services offered, Steel Drive. The location of our state-of-the-art mill has not changed, only the street address.
Our new physical address is: 1 Steel Drive, Calvert, AL 36513. Our mailing address remains the same: P.O Box 13000, Calvert, AL. 36513-1300.
=====================================================================================A great little PDF to read from 2017, for a cute summary:
https://www.aist.org/AIST/aist/AIST/Membership/PDFs/AISTRoadShow_Outo_AMNS.pdf
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Cliffs originally planned on mining 800,000 tons of chromite..in 2009
In 2013 this changed to 2.3 million tons of chromite concentrate and 560,000 tons of the smelted stuff.
The 2.3 million tons was for the SOUTH USA.
Back in 2013, North American Stainless (Acerinox), located in Kentucky had a 50% market share of the stainless in the usa…Now they have 35% according to their 2016 annual report.
The team of Arcelormittal- Nippon Steel & Sumitomo Metals-Outokumpu.. in Calvert, Alabama USA…was also “happening” in this 2013ish time frame.
Any guesses as to whose name was on the 2.3 million tons headed to the south?
Alabama or Kentucky?…they are both in the south.
When I look at Acerinox 2016 annual report they state: “ “Acerinox Europa is one of the key assets of the Company’s new Strategic Plan for the coming years”
Acerinox’s USA Kentucky location is called NAS
North American Stainless (NAS) casts about 50% of stainless steel throughout North America and has a market share in the United States which stands at around 35%, figures which guarantee its leadership of the American market. It is the Group’s largest factory, fully-owned by Acerinox
For Acerinox’s plant in South Africa (Columbus plant)..it’s mentioned:
The products from the South African plant supply its domestic market and are also exported to five continents.
The Columbus plant(south Africa) enjoys a privileged strategic location, due to its proximity to areas where the raw materials essential for the manufacture of stainless steel can be acquired and
In the United States, the announcement of the definitive closure of the Allegheny Midland plant (ATI) in October 2016 was particularly significant.
NAS and Outokumpu Coil Americas appear to be the only American transformed-made choices for nickel-bearing commodity stainless steels. Not only has ATI exited the commodity stainless market, AK Steel has also been limiting its participation in the chrome nickel market.
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Outokumpu appears to be focused on the America’s unlike Acerinox who appears to be more focused on Europa
Outokumpu’s 2016 company presentation;
http://www.outokumpu.com/SiteCollectionDocuments/CompanyPresentation2016.pdf
“To be the best value creator in stainless steel by 2020 through customer orientation and efficiency”
Check out page 6 of 21 “Our Strategic plan” notice : vision 2020, notice : world class supply chain, Notice: AMERICAS
Let me ask you folks, how do you create a world class supply chain in the Americas…?
Acerinox , Columbus plant in South Africa….states they enjoy a privileged strategic location due to its proximity to areas where the raw materials essential for making stainess are
So…what is planned for: The team of Arcelormittal- Nippon Steel & Sumitomo Metals-Outokumpu.. in Calvert, Alabama USA?? Sounds VERY ROF related to me.
And what about North America Steel in Kentucky (owned by Acerinox)?...Interestingly Nisshin is a large shareholder at Acerinox..
And just March of …this year….2017
http://www.nssmc.com/en/company/message/nisshin.html
Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) completed the procedures to acquire 51% of the shares of common stock of Nisshin Steel Co., Ltd. (“Nisshin Steel”) and made the company a subsidiary of NSSMC. As from today, both companies will promote business operations, including those of subsidiaries that are majority owned by either company, in an integrated manner under common business policies as members of the NSSMC Group.
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I thought it was Washington that said this famous quote but it was Abraham Lincoln
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.’
This statement means have patience.
In the case of the ROF….the “Club” spent 10 years sharpening the knife…and now..it is time to focus on the tree.
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