China'BOXED

[Securious]

inter-related

[Securious]

http://www.leadnow.ca/canada-not-for-sale">http://www.leadnow.ca/canada-not-for-sale



fill this out and send it NOW!!



 

[Romero]

Done! Thank you!



Nearly 63,000 so far!

[Securious]

I think Harper has [been bought] turned his back on Canadians personally and is marching to a different drummer [The Bilderburg comes to mind..he is a member]...I'll still vote for the party though, just sayin.

[Gary Oak]

I signed up. Could it be that Harper was just following orders ?

[Romero]

Orders from whom? Harper's in charge.

[Gary Oak]

You Romero are too stupid to explain anything too as it is a proven fact that  you are incapable of understanding anything

[Romero]

You Romero are too stupid to explain anything too as it is a proven fact that  you are incapable of understanding anything

Harper's the Prime Minister. He doesn't take orders, he gives them.



This trade agreement is wanted by Harper and is being pushed through by Harper.

[Securious]

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When Steven Dean stepped down in 2002 as president of Teck Cominco, now Teck Resources (TCK-T, TCK-N), his motivation was simple: he wanted to spend more time with his family after spending years on the road, a fact of life in the mining business.

But Dean didn't completely opt out during his time off from the industry. Among other things, he co-founded a copper company in Chile and got involved with a fertilizer play in China. But as soon as his kids headed off to university, he decided he should "probably get a little more serious about doing something."

That something turned out to be putting together a team to fast track the development of an iron ore project in the Labrador Trough of Quebec called Hopes Advance, and launching Oceanic Iron Ore (FEO-V, FEOVF-O) in late 2010. The team included Dean, chief financial officer Irfan Shariff, and more recently, Alan Gorman as president and chief operating officer.

The project had been tangled up in arbitration between hard-driving Toronto-based mining entrepreneur Pat Sheridan and a group of Middle Eastern partners. The dispute started five or six years ago, Dean says, when Sheridan thought he had sold the property to partners in the Middle East. The disagreement ended up in the hands of lawyers.

"The resource was locked up in international arbitration in London for a long time, so we said to the feuding parties, 'Stop — the project is not advancing while it is locked up in court. Let's settle the arbitration dispute and add some real value to the project.'"

Last week Oceanic Iron Ore completed a prefeasibility, demonstrating the project has a base-case, after-tax net present value of $3.2 billion, an after-tax internal rate of return of 16.8% unlevered (19.2% levered) and life-of-mine operating costs of just $30 per tonne.

"There are very few assets like this left in the world," Dean says, explaining how the project, which sits just 20 km from the coast, lured him out of retirement. "When it comes to bulk assets like this one, being on the coast is a huge advantage. There's not another project like it, not in Brazil, not in Australia, not in West Africa. They all have railway lines to build."

As a footnote, Dean calculates that building a 1,000 km railway line is typically a $2.5-billion to $3.5-billion capital project, if you can get it approved, and if you don't have to string it across multiple country borders in places like West Africa, or through different aboriginal communities in Quebec.

In the iron ore business in Canada, he continues, having to rail product adds costs of $15 to $20 per tonne. "That doesn't exist in our scheme of things," he says. "So almost by itself, that rail component makes us one of the lowest cost producers in Canada — and in fact, anywhere."

The large-scale deposit has a 2-billion-tonne iron ore resource, which translates to proven and probable reserves of 1.36 billion tonnes grading 32.2% iron, and a mine life of about 31 years. The concentrate grade would be 66.5%.

Construction capex is expected to come in at US$2.85 billion, with expansion capital costs of US$1.61 billion. In the first 15 years the project's strip ratio would be 0.5 to 1, and over the life of the mine it would run at 1.17 to 1.

Production could get underway in 2017 at a rate of 10 million tonnes per year, and expand to 20 million tonnes per year in 2027. At full production Hopes Advance could be the largest iron ore mine in North America, Dean says.

The company expects to provide its own power generation in the first eight years using a low-cost generating facility run on heavy fuel similar to bunker fuel, after which the project is expected to be connected to the Hydro Quebec power grid.

Oceanic believes it can complete an environmental impact study and a feasibility study next year, and start construction between 2014 and 2016.  

Dean and his management team are focused on tying up a deal with potential strategic partners that are primarily in China. Oceanic envisions structuring a transaction, probably an offtake agreement with an Asian steel company, and selling a piece of the project to the partner for a value based on its economics.

"We would sell thirty percent, forty percent, maybe as high as fifty percent to them, and they would pay us an amount over time that matches various milestones," Dean explains. "The third piece of a transaction, and we're not pioneering this model, is that you would bring a financing component — a debt-financing component. If you get a Chinese partner, you'd typically bring, say, an export-development bank, like Exim, or the China Development Bank, and they do it because they see the potential for trade."

Dean estimates that of the $2.8 billion, for instance, as much as $1 billion of the capital could be supplied by China. In that way, he explains, it's a trade deal and a bank-financing deal, as well as a deal that sources raw materials and participates in project profits.

At press time Oceanic was trading at 18¢ within a 52-week range of 13¢ to 45¢. The company has about 174.7 million shares outstanding and 229.2 million fully diluted.

Daniel Greenspan of Macquarie Capital Markets in Toronto has an "outperform" rating on the stock and a 12-month price target of 50¢ per share.

"Oceanic remains a compelling, early stage iron-ore development story," Greenspan writes in a note to clients. "The positive prefeasibility study is an important milestone . . . which helps de-risk the technical aspects of development. We continue to believe that over the medium to long-term, production in the Labrador Trough will migrate further north. And with its low operating expenditure estimate reflecting the location close to tidewater and the low strip ratio, we believe Oceanic is in a good position to develop Hopes Advance relative to its northern peers."

Gary Lampard of Canaccord Genuity also has a target price of 50¢ on Oceanic, and holds a "speculative buy" rating on the stock.



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[Securious]

you may consider applying this 'on-going theme' to the other thread-this one will merge

[Obvious Li]

listen..the bottom line is that demand for oil in the USA has flatlined and will be so for the foreseeable future.....we now are held hostage to US crude prices for our oil which includes a significant discount to market......this affect EVERYONE in canada......so we MUST get our energy to other markets, primarily in Asia and specifically to China....we have NO choice...so get used to having to deal with china and all it's foibles.....or face having your welfare payments drastically reduced in the near future.....

[Securious]

You Romero are too stupid to explain anything too as it is a proven fact that  you are incapable of understanding anything

Harper's the Prime Minister. He doesn't take orders, he gives them.



This trade agreement is wanted by Harper and is being pushed through by Harper.

Dear Dear, there is much you need to understand about modern politics my son. You are living in a pink world boy.

[Securious]

listen..the bottom line is that demand for oil in the USA has flatlined and will be so for the foreseeable future.....we now are held hostage to US crude prices for our oil which includes a significant discount to market......this affect EVERYONE in canada......so we MUST get our energy to other markets, primarily in Asia and specifically to China....we have NO choice...so get used to having to deal with china and all it's foibles.....or face having your welfare payments drastically reduced in the near future.....

Its our resources, specifically Oil & Gas that makes this nation sovereign..to sell it off to our enemies is madness. What's more important this urgency of becoming someone else's plaything or the selling of our freedom and independence, sovreingty trumps everything..got that straight. Sure economic matters effect everyone..DUH! We need to industrialize this nation finally, not toy at it, and in the meantime broaden our market base. Too many eggs are being placed into one nightmarish cage..this is such foolishness I cant begin to explain the minutia surrounding why its not prudent or intelligent period.



If they want it that badly they will buy it on our terms..so dont sell the baby w/the bath water. Let them stew awhile.

[Securious]

[size=200]The Government [Selling Off Canada/WHY?][/size]

   Government is selling off the very best of Canada

By June Ross, The Daily NewsOctober 30, 2012  



I am writing to raise the alarm bells for everyone and anyone who reads your paper. Canada is being stripped of everything that is precious to us. Our democracy, the rule of law, our environment, our natural resources are all being given away at fire sale prices through omnibus bills and extremely flawed trade agreements. It must be stopped or there will be nothing left of our country for us or our children.



The government is the seller of our country. Among the many issues of FIPA are the following: In one week Prime Minister Harper could commit Canada to the most sweeping trade deal in a generation without a single debate or vote.



If the Canada-China FIPA passes, it will pave the way for China's massive companies to spend billions buying out Canada's natural resource companies.



Under FIPA, China's companies can sue Canadian governments, federal, provincial or municipal, in secret tribunals outside the Canadian court system if those governments do anything that would limit the companies' profits in Canada. Why are we allowing this to happen?



The latest omnibus bill is also a travesty against all that we, as Canadians, hold dear, particularly in terms of the environment. Yes, this is happening once again.



The Navigable Waters Protection Act and the government's commitment to consulting Canadians to review its effectiveness was first adopted in 1882, and triggered federal environmental reviews of projects that threatened to disrupt bodies of water. The words are being changed in the Act from 'navigable waters' to 'navigation'. Anyone who reads this change knows what it means! Thousands of our lakes, rivers and streams will no longer be protected.



Final huge change? The Department of Transport's website appears to have deleted lines from its website that suggested "future opportunities for consultation."



Please, Canadians. I beg you to wake up and end this slaughter!



June Ross Nanaimo

[Securious]

CITIC Group[/b]

People's Republic of China

 

The CITIC Group is the state owned conglomerate that oversees the Chinese government's international investments.  It was founded by Li Ka Shing and Henry Fok.   Li Ka-shing one of the world's richest men, is the owner of Hutchison Whampoa Limited and has been involved in such business activities as the Panama Canal, Suez Canal, and various other business deals of a global nature.  The relationship between his communications companies like Hutchison Telecommunications and their part in Internet censorship in China is at this time a question.   CITIC Pacific is part of this CITIC group and Paul Desmarais is a board member and is reported to have 4% of the shares.  CITIC is one of the 5 companies along with Minmetals that bid for Noranda.  The parent company of Noranda is Brascan, owned by the Bronfmans.  Charles R. Bronfman (see listing above) is also part of this advisory council. The chairman of Noranda is Trevor Eyton, Conservative Senator, appointed by Brian Mulroney (see listing above).



Wei Ming Yi also sits on the International Advisory Board of MMC: Marsh & McLennan Companies, Inc  along with John R. Evans, the Chairman of Torstar Corporation who own the Toronto Star among other newspapers and media and part of Sing Tao Daily the pro communists Chinese newspaper.  John R. Evans is also the chair of Canada Foundation for Innovation (CFI).