West High Yield Resources Ltd. (TSXV:WHY) released the results of a Preliminary Economic Assessment (PEA) on its Record Ridge Project in BC. Highlights include pre-tax NPV 5% of US$1.339 billion and IRR (pre-tax) of 21% (100% equity), as well as post-tax NPV 5% of US$830 million and IRR (post-tax) of 17% (100% equity), and an estimated mine life of 42 years.
Magnesium Company News Directory
West High Yield Resources Ltd. (TSXV:WHY) released its first quarter financial results for the three months that ended on March 31, 2013.
West High Yield Resources Ltd. (TSXV:WHY) released its financial results and the Management Discussion and Analysis for the year ended December 31, 2012.
West High Yield Resources Ltd. (TSXV:WHY) announced that it expects to be in a position and has undertaken to provide the PEA in early May this year following completion of additional metallurgical test work and a technical review.
Gossan Resources Limited (TSXV:GSS,FWB:GSR) reported that Dr. Zuliani, developer of a high efficiency magnesium production process called the Zuliani Process, has rejected the Company's offer pertaining to ongoing development and commercialization.
China Armco Metals, Inc. (NYSE:CNAM) announced that their subsidiary Armco (Lianyungang) Renewable Metals, Inc. has been certified as a Demonstration Base for Steel Scrap Processing and Distribution by the China Steel Scrap Industrial Associations, which could promise a significant tax refund.
West High Yield Resources (TSXV:WHY) is preparing a Preliminary Economic Assessment for its Record Ridge South Property in British Columbia. The Company also clarified its previous disclosures that concerned the mineral exploration programs, by retracting statements that were previously made in regards to the Record Ridge South Property.
CD International Enterprises, Inc. (OTCQB:CDII) announced that its International Magnesium Group subsidiary has four new magnesium customer orders for the first quarter of 2013.
China Armco Metals, Inc. (NYSE:CNAM) announced that it has signed a purchase order for 2013 with a Jiangsu Lihuai Lron & Steel, Co., Ltd., in which they will supply an average 5,000 metric tons each month, for a total of totaling 60,000 metric tons, of various scrap steel.
China Armco Metals, Inc. (NYSE:CNAM) qualified to import and process scrap metals directly from overseas to China.