Beacon Hill Resources is very popular at the moment on other BBs yet here there seems to be nothing - so I thought I'd put together the stuff I've gather from the Internets and see if anyone here is investing in BHR - I'm not but I might at some time in the future when the fuss has died down

Beacon Hill Resources

Guess that RNS from this week can only be construed as good news as otherwise it would be deliberately misleading the market with all te relevant consequences

I guess so - but I see that today it is down 7%

Well there we go.... got stopped out with a small loss- in fairness I thought it was worth a gamble, but delays in announcements re Global Coke deal makes me very nervous. (words like shortly and in the near future worry the sh** out of me as they remind me too much of Stanelco statements in the past...-good luck to you alll though)

Void , Can you put a chart in the header

There you go - not sure if they will stay at the top as I just copied and pasted them - is there any other way of displaying charts ?

Thank's Void that should be ok

IT was tipped in The TImes are their Tiddle to Watch today - and there was also this RNS


Beacon Hill Resources plc / Ticker: BHR / Index: AIM / Sector: Mining

11 November 2010

Beacon Hill Resources Plc ('Beacon Hill' or 'the Group')

Update on Operations at Minas Moatize Coal Mine, Mozambique



Beacon Hill Resources Plc (AIM: BHR), the AIM listed resource company, is pleased to announce an update on progress at the Minas Moatize coal mine in the Tete Province of Mozambique.



Overview



Exploration programme progressing well - drilling has been completed and testing of coal has commenced. Initial results from the exploration programme indicate an increase in the size of the overall resource and higher yields of coal than originally anticipated in addition to lower stripping ratios than originally expected



Production has increased to 8,000 tonnes per month, a 220% increase in production from levels seen at the time of acquisition



Stripping of initial open pit complete with production to commence in conjunction with the commissioning of temporary wash plant by the end of 2010



Highly experienced management team assembled to oversee mine development -led by Peter Wilson, Chief Operating Officer and Max Botta, who recently joined as General Manager



Transport agreements in negotiation - written confirmation of capacity from both the operators of the Sena Rail line and Nacala rail line and first export shipment planned



Discussions advancing with contractors to operate coal handling and preparation plant ('CHPP') and mine on a BOOT (build, operate, own and transfer) basis



Beacon Hill Executive Chairman Justin Lewis said, "We continue to make excellent progress at the Minas Moatize mine. The initial results from our exploration programme are particularly encouraging, demonstrating the potential for BHR Mining to significantly increase the current 33 million tonnes resource and increase yields, in particular of coking coal and export thermal coal.



"In conjunction with the exploration programme, the Group remain focussed on establishing a large open pit mine capable of producing 4Mtpa. In line with this, we have significantly increased current production, and this trend is set to continue with the extension of the current trial open pit, generating significant revenues for the Group ahead of the commencement of the main open cut mine. We are also making solid progress with negotiations regarding logistics, utilising our unique position as the only current coal producer in the region in order to secure transport corridors for our export quality coal product."



Exploration Programme



BHR Mining Limited, the Group's majority controlled operating subsidiary ('BHR Mining') commenced a drilling programme in May 2010 after acquiring the Minas Moatize coal mine in the Tete region of Mozambique. The objective of this drilling programme was to expand and further define the current 33 million tonne resource, in addition to enabling mine design and the finalisation of the CHPP design.



Over 35 holes have been drilled across the entire licence area which has allowed the Group to define both additional seams and also a larger area of coal, leading to a larger volume of coal to be defined. The delineation of this increased volume of coal will potentially increase the project's reserves and increase the mine life.



Following the completion of the drilling programme, the Group has initiated a testing programme of the core samples at ALS Limited in South Africa. Based on a preliminary review by the Group's consultants, initial results from these tests demonstrate that potential likely yields of coal are higher than previously anticipated and are summarised below:



Fraction
Current Yield
Estimated

Revised Yield

(Note 1)
Annual tonnage

(Note 2)

Coking Coal
15.0%
18.0%
760,000

Export Thermal
22.5%
25.0%
1,000,000

Domestic Thermal
12.5%
16.0%
680,000

Reject
50.0%
41.0%
1,560,000


Notes:

1 As a percentage of Run of Mine (ROM)

2 Assuming annual ROM of 4mtpa



Current Production and development



Production is currently from the underground mine, which since acquisition has been substantially refurbished, and is currently producing 8,000 tonnes per month, over three times the level when acquired. In parallel with this, stripping of the initial open pit has been taking place and is now complete. This will allow the production of a further 10,000 tonnes per month over the next 12 months, commencing towards the end of 2010. In addition, following a further exploration campaign, the Group has recently decided to expand this initial pit to include a further 80,000 tonnes, further increasing production over the next 12 months prior to commencement of the main open cut mine.



In August 2010 the Group ordered a temporary washplant with a capacity of 80 tonnes per hour to be used over the next 14 months. This has now been built in South Africa, is being transported to site and is anticipated to be commissioned towards the end of November 2010. Once in production, the mine will be able to produce small quantities of both coking and thermal coal for export, as well as domestic coal for sale at the mine gate.



Minas Moatize continues to work towards the commencement of production from the main open pit mine from January 2012, ramping production up to ROM 4Mtpa by the early 2013. Prior to commencing production the Group needs to build a permanent CHPP and complete the mine design. It is the intention of the Group to appoint contractors to build, own and operate the CHPP, whilst BHR Mining will pay a per tonne fee to have its coal washed. The Group has commenced discussions with several parties who have expressed interest in bidding for the contract, and the Group hopes to be able to award a final contract early in the New Year. In addition, the Group has commenced discussions with a number of firms which have expressed interest in bidding for the mining contract. It is anticipated they will also undertake the design of the mine and this contract will also be awarded in the New Year.



Logistics



Since the acquisition of Minas Moatize in May, the Group has sought to use what the Board sees as two key advantages; firstly the existing infrastructure having enough capacity to support the proposed production of the mine and secondly, being able to use the Group's first mover advantage, by being the only producing coal mine in the region, to secure long term capacity on transport corridors.



With assistance from both the government and other stakeholders, the Group has been exploring different options to get its coal to port. To this end it has received written confirmation of capacity with effect from the end of the November 2010 from the operator of the Sena Line, CCFB. In addition, the Group has also has a written offer of capacity on the Nacala rail line and port from its operator. These are important steps in securing the future transport corridors for the Group's product and something the Group is unique in being able to secure as the only producing asset in the region. The Group continues to explore its options at the Port of Biera and is in active discussions with the operator of the port. In addition, the Group has recently been invited by the Government of Mozambique to apply for capacity in the new proposed coal handling terminal to be built at the Port of Biera.



It remains the target of the Group to make an export shipment of coal in the next few months.



**ENDS**

today had me bewildered but very happy as bought bhr dirt cheap - this sp imo is an absolute bargain - sure to be 2 / 3 x this sp next year or much more imo

also worth a read http://www.bhrplc.com/news/reports/2010/Company%20Update%20May%202010.pdf

lol...

Again we have a company that is at the moment undergoing a very beneficial transformational pattern.

Cast iron fundamentals, calm and collective board of directors who quite rightly ignore the requests of pi's constantly contacting them with almost childlike requests of Are we there yet mum?, in favour of preparing to take stick from the pi's while carrying out concise steady due diligence and foundation building strategies in the background.

They release the first of many trusted and grounded announcements to the market to confirm that the infrastructure and partner brokering is now established creating the groundworks for a transformational period for BHR and its long holding and patient investors.

There is only one problem for BHR at the moment and that is it is being traded by the usual train spotters and not by investors (there is a very big difference). Once the retail shoppers have all left with their carrier bags with - I bought BHR and wore the t-shirt) written on them then the real money will take BHR to a new level and talk of mid 20's or 30's will be a long distant memory.

The demand by TATA this year leads the indicators and already mines in South American countries such as Colombia are setting the stage to fill one of the largest demand surges seen in the last 20 years.

Take 10 minutes and if you have the appropriate software, take stock of the sell amounts and the opportunistic buy amounts. The writing is on the wall and soon BHR will have the investors it deserves not the traders that it does not.

gibby - this BHR thread does not have many followers - have you checked out the lse.co.uk BB - they have a thriving BHR community with people who seem very well informed

Thank you Void for directing me to LSE what an easy, quick and free site. I may well give them all my "free" business rather than Yahoo finance. Like you say lots of BHR chat there - I was beginning to feel a little lonely here for some months now !

thanks void - and gl
bhr sure to come good imo

oakapples - you are not alone! hello mate

Beacon Hill finalizes coking coal off take deal with Global Coke
Sunday 14 Nov, 2010It is reported that Beacon Hill Resources has finalized a formal off take deal with Global Coke for all coking coal produced from the Minas Moatize mine in Mozambique along with a USD 5 million deposits.

Global Coke is also taking a 26% interest in BHR Mining which values the project at USD 210 million.

Beacon Hill said Global Coke would invest USD 20 million for an initial interest of 9.45% in BHR Mining and acquire a further 16.55% from Consolidated Minerals Pte. Beacon Hill says it is also in advanced discussions with its advisers and potential investors to fund its additional USD 10 million investment in BHR Mining.

It is intended that the revised subscriptions by GMM and Beacon Hill will take place on or before November 30.

Mr Justin Lewis Beacon Hill chairman said: "The development of Beacon Hill is continuing apace as we seek to establish a portfolio of resource assets with near term production potential in commodities associated with the steel industry.

He said that "We have finalized the off-take agreement for the coking coal produced at the Minas Moatize coal mine in Mozambique for the life of the mine."

(Sourced from StockMarketWire.com)

to me = plenty s
sp at the moment incredible good value - massive upside little downside - role on 30/11/10 & beyond
gla

Buy Beacon Hill (BHR:AIM) at 15p as there are three catalysts to drive it up in the coming months. A revised investment deal with Indian coke manufacturer Global Coke should complete this month and put a greater value on its Minas Moatize coal mine in Mozambique. A larger resource statement is expected in December or early 2011 on the mine; and the company will start new drilling in February on its overlooked, but highly-promising magnesite project in Tasmania. Global Coke said on 19 July it would invest $55 million for a 26% stake in Beacon Hills subsidiary BHR Mining which owns Minas Moatize through new shares (in the subsidiary) and rights to buy coal from the mine. Completion was twice put back from 9 September and 24 September deadlines, as Beacon Hill cited complications with tax-related paperwork. A revised deal will see Global Coke buy 9.45% of BHR Mining for $20 million in new shares in the subsidiary, and the other 16.55% stake come from existing shares held by privatelyowned Consolidated Minerals. Beacon Hill will invest $10 million to increase its stake in BHR Mining from 51% to 68%, which is a better outcome than before as it gets a bigger share of the mine and is paying less than Global Coke. We first flagged Beacon Hill as a key pick of ours at 13.2p (see Plays, Shares, 23 Sep). Chairman Justin Lewis acknowledges there is now less money going into the project, but says the original deal provided more money than was required. The revised terms still leave the mine fully funded for current development plans. Fundamentally for Beacon Hill, Minas Moatize is still valued at the same level: the entire mine is worth $212 million based on Global Cokes investment. That means Beacon Hills proposed 68% position stake in BHR Mining would be worth $144 million or 89.5 million at current exchange rates. With 277.4 million shares in issue at the group level this investment would therefore be equal to 32.3p per Beacon Hill share. This valuation excludes the magnesite operations which house broker Northland Capital values at $39 million (24.2 million), which is equal to 8.7p per share. These calculations imply Beacon Hill should be trading as high as 41p once the Global Coke deal happens. This would be

You need to name your source for that post, gibby. Also cut off at the end.

harrycat-sharesmagazine this week's issue source fyi

no longer holding this one as i got stopped out. Delay in agreement with global coke worries me though as 1. 2months is a long time to sort out "minor issues" and 2. have not heard anything from global coke direct. Looks to me that someone jumped the gun a bit......(had me fooled unfortunately)

robinhood - understand your thinking but i am confident here - & will continue to hold - think bhr have turned the corner sp wise now - onwards and upwards - roll on end of this month & beyond - gl

apologies hc - posted in a bit of a hurry ref yesterday - but robinhood spotted where it was from

have a good weekend all

http://markets.ft.com/tearsheets/performance.asp?s=uk:BHR&ftauth=1290348550387

Over the last week Beacon Hill Resources Plc (BHR:LSE) outperformed the FTSE 100 Index. Overall the relative performance against the index has been mixed.