Albidon


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China’s insatiable energy needs could send uranium prices soaring by 900% or more!

Lumwana’s uranium reserves and explorations could not have come at a better time than this for the Zambian Enterprise. Zambian investors and indigenous entrepreneurs also need to take a serious look at how they could profit from this uranium wave. 

No one is in an even better position than Equinox as they exploit more possibilities to add to their bottom line. As the world demand continues to trend in positive trajectories and giant mining companies look for junior buy-outs, we don’t actually see Equinox lasting without a hostile take over …

In February 2001, the commodity price of Uranium sat at its 30-year low of around $7 per pound. Now, just over 6 years later, uranium has risen an astounding 1,700% to an all-time high of $135 per pound.  

The primary force behind this incredible uptrend is simply that uranium stockpiles have declined for several years as escalating demand has far outpaced new supplies.

A key demand-driver is China with its immediate plans to bring 30 new fuel-hungry nuclear reactors online – and the country’s uranium appetite is just getting started. 

China’s rapidly expanding economy demands a vast increase in the capacity of its national power grid. The Chinese government has made an irreversible commitment to nuclear power upon which $TRILLIONS in industrial revenues depend.

With 2 new nuclear power plants slated to go online each year from 2007 through 2020, China knows that its future fortunes cannot merely rely on foreign uranium suppliers – China must own the foreign uranium supplies. 

classy-daddy-3.gifWe saw with our own eyes how the boom copper prices did little to create indigenous wealth and we are looking at how the next boom (the uranium boom) will for once benefit the land from which it emanates.

 The challenge for the Zambian government would be how much of that stake they are going to capitalize on for the benefit of the general populace; that’s this week’s memo from us at the Zambian Chronicle … thanks a trillion.

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle

Copyrights © 2007 Zambian Chronicle. All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc.

Copyrights © 2007 Microplus Holdings Int., Inc.

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ENVIRONMENTAL APPROVALS

Zambian go-ahead on copper,  

gold and uranium projects

Three mining projects in Zambia get the nod from environmental authorities, a move that paves the way for further progress on Luanshya Copper Mines Plc’s Mulyashi project.

Author: Ronald Mwila
Posted:  Tuesday , 14 Aug 2007
NDOLA – 

The Environmental Council of Zambia (ECZ) has approved Luanshya Copper Mines (LCM) Plc’s Mulyashi project, clearing the way for its development.

Mulyashi was among three mining related projects approved by the ECZ, which included copper-gold explorations by AIM-listed African Eagle’s Zambian subsidiary Mwembeshi Resources Limited in the country’s Eastern Province.

The third project is a bid by TSX Venture Exchange-listed Aldershot Resources Limited to explore for uranium in the Kariba Valley, an area that seems to be drawing considerable interest from uranium-focused explorers.

Other explorers combing the Kariba Valley include African Energy Resources with Albidon Limited and OmegaCorp.

The approval of the Mulyashi Copper Mine project, which is anticipated to become operational by next year, is set to revamp the fortunes of Luanshya, a mining district that was devastated by the closure of a mine operated by Roan Antelope Mining Company Zambia Limited.

The only failure of Zambia’s mine privatisation programme, the Luanshya Division of the defunct Zambia Consolidated Copper Mines (ZCCM) was the first unit to be sold in 1997.

LCM also operates the Baluba Mine and concentrator in Luanshya, as well as Chambishi Metals Plc, the country’s largest cobalt producer.

The Mulyashi project comprises a number of oxide caps near Baluba and the closed Luanshya Mine. ECZ spokesperson Justin Mukosa said the council was convinced that LCM had instituted adequate environmental protection measures hence the project’s approval.

Mukosa also stated that the ECZ has approved Mwembeshi and Aldershot’s exploration activities on condition that the operators undertake ecological restoration by planting trees and grass in areas where vegetation and soil would be seriously disturbed by the activities.

http://mineweb.com/mineweb/view/mineweb/en/page66?oid=25102&sn=Detail

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classy-daddy-3.gifThe Munali Nickel-Platinum project has been assigned at 100% to Albidon Limited traded at the London Stock Exchange which successfully listed on the Alternative Investment Market (AIM) and ASX with an initial capitalization offer that raised over $15 million dollars for full prospecting purposes almost three years ago. 

This deposit is a member of the gabbroid-hosted class of nickel sulphide deposit with a considerable “platinum” component in it. This high grade allows Munali if fully mineralized to be the first platinum mine for the Zambian Enterprise. 

It means that as Albidon carries out their mining franchise activities in Munali for Nickel, platinum will also come along. Strong electromagnetic conductor targets in the western portion of the Munali structure have already yield some very positive domino effects. 

It is therefore up to the ministry of Mines and Mineral Development to get on this ball as quickly as possible and work with Albidon in order to materialize this venture as well as operationalize it as quickly as possible. 

Platinum demand around the world is at an all time high as expectations that global demand for platinum will exceed supply will underpin value going forward, analysts say, even if near-term prices ease as labor tensions recede.

Anglo Platinum is the latest South African producer to slash its 2007 production forecast, with output seen down by some 8%, or around 250,000 ounces, as a result of labor and health and safety concerns.

Last month, Lonmin PLC, the world’s No. 3 producer, said it will defer between 70,000 and 80,000 ounces of platinum sales to 2008, while Aquarius Platinum logged some lost production as a result of a five-day strike in their country of operations.

The sooner this Munali project is mineralized for the benefit of the Zambian Enterprise, the better but with Albidon having operations in as many countries as Botswana, Tanzania, Tunisia and Malawi apart from ours, they may as well end up shaving our prospect as they look at other already operating ventures for maximum profits …

The president (HE Levy P Mwanawasa, SC) recently said that the ministry of Mines and Mineral Development will soon start revolking prospecting licenses under what he called a “use it or lose it policy”; but we are yet to see any such action taken thus far; other serious investors are still out there … thanks a trillion.

Brainwave R Mumba, Sr. 

CEO & President – Zambian Chronicle 

Copyrights © 2007 Zambian Chronicle.  All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc. 

Copyrights © 2007 Microplus Holdings Int., Inc.