I've received an email from the Tasmanian Govt. that the application for a full licence for "Tasmanian Magnesite" on the Arthur River Magnesite Project was received on the 30th November.

The wheels go round and round.

The price of late has been hammered (not alone on AIM)
Wait for the turn in sentiment and you will not be dissapointed

GL Beaconers

Crest Resources

Crest Resources has rights to purchase technology for 20 years from the Ukrainian National Research and Design Titanium Institute to produce magnesium metal. It has a magnesite deposit at Arthur-Lyons River in Tasmania, 53 km from Burnie and is undertaking a feasibility study. The deposit can sustain production at 190 000 tonnes per year for 100 years.

At 95,000 tonnes per year, the project would cost A$1bn and produce magnesium at US$0.65 per pound (current 1998 prices are around US$1.30 per pound). It was calculated it would produce a cash operation surplus of A$246 million at US$1.30 a pound per year. Multiplex, a large construction business has a 51 per cent equity in the project (that would rise to 60 per cent with plant expansion).

Discussion with General Motors to be involved with the project are underway.

Power will represent 40 per cent of production cost and the Tasmanian Government has promised to supply energy at the same cost as Duke Energy. Duke has proposed a 330 km gasline from Longford in Victoria and converting an oil-fired power station to gas. Duke Energy International said that its proposed $350 mill natural gas pipeline to Tasmania would be delivering gas from mid 2002 initially about 50 petajoules/year, about 30 petajoules of would be for Crest Magnesium's proposed Bell Bay, Tasmania magnesium smelter.

Esso, BHP, and Duke Energy have signed a Memorandum of Understanding (MoU) which should see Bass Strait gas piped to Bell Bay, Tasmania by about May 2002; a MoU has also been signed with Tasmanian Hydro Corporation for rights to convert the Bell Bay power station to gas-firing. The converted station is expected to supply energy to Crest Magnesiums proposed magnesium smelter project.

Three sites were under consideration with Bell Bay (25 km north of Launceston) selected though with higher energy costs than alternative sites in Victoria and New South Wales. Discussions are under way with US Duke Energy to build a 280 km gas pipeline from a new Bass Strait gas reserve (Yolla - 150 km north of Port Stanley) to power a the dormant Government-owned (600 MW) power station to supply 200 MW for the project. This part would bring the cost of the project to over A$1 billion.

In February 1999, Crest Magnesium indicated it wants to increase production to 190 000 tonnes per year by spending a further A$1bn over ten years. Production is planned to begin in 2002.

In May the Federal Government granted it Major Projects Facilitation status which will fasttrack the project. The venturers claim it will require for infrastructure including a 32km rail link from the existing line.

Market reports indicate that Xstrata (formerly Sudelektra, and 42%-owned by Swiss-based Glencore) will soon decide whether or not to take a controlling interest in the Crest Magnesium, $920 mill, 95 kt/year magnesium metal project in NW Tasmania. Xstrata also holds 51% of Precious Metals Australia's Windimurra, WA vanadium project, and Glencore holds a 40% stake in the Murrin Murrin, WA laterite nickel project.

The New South Wales government is trying to win over the Crest/Multiplex magnesium smelter project by saying that the State has surplus power and available infrastructure already in place, removing any need for Federal government incentives; the Federal government has given the project major project facilitation status, and is looking kindly on a Tasmanian government request for financial assistance help. The company favours the Tasmanian (Bell Bay) option.

In June 2000, the Tasmanian government announced it would pay for the 50 km rail line enabling the railing of ore to Bell Bay for A$10 per tonne. (The line would also be used to move logs).

LICENCE APPROVALS Northern area
Lyons RiverArthur River
Two large magnesite deposits occur at Lyons River
and five kilometres along strike to the northwest
between the Keith and Arthur Rivers. These deposits
are in State Forest, some 55 km southwest of Burnie,
and are accessed by an all-weather unsealed road. The
KeithArthur River deposit is held by Tasmania
Magnesite NL (Tasmag) [Crest Magnesium NL] under
mining lease application 1M/99 and Retention License
RL8718. A smaller nearby magnesite body occurs just
north of the Arthur River at Central Creek, and is
covered by RL8718. Retention license RL8717, also
held by Tasmag, covers the Lyons River deposit.
RL8717 lies within the Savage River Heritage Act
Registered Entry area, which does not preclude
mining

and 2nd acquisition talk timothy jones
http://www.xcite-energy.com/directors.htm Timothy S. Jones, aged 60, is a Chartered Accountant, with twenty years experience in professional practice covering a number of industries including oil and gas. Following major public company roles, he formed his own accountancy and consulting practice to focus on the oil and gas sector, where he specialises in providing advice to AIM listed companies. He is currently on the board of a number of AIM listed natural resources companies.
http://www.bhrplc.com/corporate/directors.html Timothy Jones - Non-Executive Director

Timothy Jones, aged 60, qualified as a Chartered Accountant with Price Waterhouse in 1974. In 1983, he joined a client as financial director before founding his own accountancy and consultancy practice in 1990. He now has clients in a range of business sectors and sits on the boards of a number of companies, including Falkland Oil and Gas Limited, which listed on AIM in October 2004 and Xcite Energy Limited, which is listed on both AIM and TSX

a 15% stake in xcite energy
http://www.xcite-energy.com/

Be careful, this chap "william" is well known for making up his own lies
for pump and dumps ?

Who is the email contact then and i will contact them for conformation ?

Commodities: Unearthing market gems

Beacon ready to serve steel industry by Dan Coatsworth

Magnesite acquisition is first step in multi-commodity portfolio aspiration

The acquisition of a high-quality magnesite deposit, two fundraisings for 1.75m millions and talks with an Indian steel maker over a potential joint, all in the past three weeks, suggest Beacon Hill Resources (BHR:AIM) at 0.38p is worth buying as an interesting new addition to the mining sector.
Beacon Hill was born out of the cash shell of former Aim quoted Carnegie Minerals which was forced out of Gambia in 2008 on accusations of illegally mining uranium. Its assets were sold and a new management team, bought in turn Beacon Hill into a commodities producer for the steel industry.
Chairman Justin Lewis says the strategy is to establish which commodities steel makers in China and India will need in two years time. 'We then find suitable near-term production assets and secure offtake agreements with these parties,' he explains.
A magnesite project in Tasmania is the first part of an intended portfolio that could include coal, manganese and chrome assets. Around A$30 million has already been spent on exploring the magnesite project by Rio Tinto (RIO) in the 1980's.
After subsequent ownership changes, Beacon Hill has now got hold of the 39 million tonne resource. Lewis believes there is an additional 200 million tonnes on areas yet to be fully drilled. The company plans to cook the the magnesite and turn it into magnesia, which is used in the refractory industry to line blast furnaces, a procedure required each time the furnace is used.
Beacon Hill plans to produce three types of magnesia: DBM and EFM are used in the aforementioned refractory industry, while CCM is used as a multi-applicant chemical in areas such as agriculture, iron and steel, and water treatment.
Processing will either be done by third parties or by Beacon and a joint venture partner. The latter would require a plant costing up to A$100 million. Lewis confirms talks are already underway with potential partners, including an unnamed Indian steel maker.
The mining should be straightforward quarry process costing A$20 per tonne, A$12 of which is transpotation costs. Lewis believes Beacon Hill could sell this product for A$40 to A$60 per tonne. Potential customers in Asia have expressed an interest in buying a pre-processed product, which is why the company is likely to form a processing joint venture.
China has historically dominated the magnesite market through its own domestic and export supply but market conditions are changing, says Lewis. 'China is running out of high-grade magnesite deposits so the government has slapped a tax on experts to try and retain domestic production. This has opened up the market to Western poducers,' says Lewis. He belioeves Beacon Hill's project can start mining in the second quarter of 2011. It will shortly apply for a mining licence and start work on environmental studies. This will be folllowed by infrastructure improvements.

Shares says: Expect to see a steady stream of news to push up the share price. Buy.

Guess you wont name the email contact address because you
made up the story/rumour yet again.

Things are warming up nicely!
Had another mail from the Tas Govt today:

Dear ..............

3 months is a reasonable time frame , can be shorter or longer depending on how quick the assessment process and requirements (i.e. rental and security deposit) from the applicant are met.

Tenement Administration
> Mineral Resources Tasmania
> Ph: (03) 6233 8341
> Fax: (03) 6233 8338

Ok, lets think about this. There was already in place 2 retention licences for Tasmanian Magnesite. This is to change to a full Mining Licence.
Rental and Securtiy deposit.. No issues there as they have plenty of funds from the last placing exercise.

I would guesstimate at 2 months max from the 30th Nov. We are therefore looking at sometime in January.

Joint Venture could be announced anytime and will be based upon the successful granting of the full mining licence.
Their RNS clearly states :

"We have also progressed well with discussions with potential joint venture partners in regard to the construction of a calcination plant, and the grant of a mining lease will represent a key step in this process."


The beauty of this application is that the Compay, Tasmanian Magnesite, already hold 2 retention licences, so have a relationship in place with the Tasmanian Govt. I see this being a smooth transition.

No brainer at current SP levels.