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)

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Babjak1

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Outokumpu

posted on Jan 31, 2018 01:53PM

Outokumpu released financial statements today:

https://globenewswire.com/news-release/2018/01/31/1329059/0/en/Outokumpu-Significant-improvement-in-2017-full-year-adjusted-EBITDA-more-than-doubled-to-EUR-631-million.html

notice:

Business and financial outlook for the first quarter of 2018

Driven by healthy underlying stainless steel demand both in Europe and the US, as well as a seasonally strong market, Outokumpu expects higher stainless steel deliveries in the first quarter compared to the fourth quarter of 2017.

However, increased graphite electrode, ferrosilicon and energy costs, as well as weakening US dollar and lower ferrochrome price are expected to have a significant negative impact on profitability....

To further lever these strengths, one of our key targets for 2018 is to enhance the reliability of all our operations throughout the whole value chain. Having the best delivery performance of the industry is essential to become the best value creator in stainless steel by 2020.”

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graphite electrode shortages...higher energy costs...what to do?

https://www.platts.com/latest-news/metals/london/outokumpu-adds-graphite-electrode-upcharge-to-26811230

Outokumpu adds graphite electrode upcharge to stainless products

London (Platts)--27 Sep 2017 824 am EDT/1224 GMT

Outokumpu is introducing a graphite electrode upcharge for all stainless steel products with immediate effect, the Finnish producer said Wednesday.

"The tight supply situation within the graphite electrodes market has led to limited global availability of graphite electrodes and sharp increases in their prices. This has in turn led to significant increase in the production costs of stainless steel," the company said in a statement

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Hoov, in a post on Jan.21, 2018, suggested Noront would most likely use the PREMUS process.

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Below is a comparision from KWG

http://kwgresources.com/reducing-energy-consumption-by-alternative-processing-routes-to-produce-ferrochromium-alloys-from-chromite-ore-2/

Notice in the link above table 8?? Table 8: Operating Cost for Premus Process using natural gas

notice...no graphite electrodes when using natural gas... and lowest cost for energy... would be a win win for outokumpu Americas division

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