RNS Number: 7340 Y Bluejay Mining PLC 13 May 2019 Bluejay Mining plc/ EPIC: JAY/ Market: AIM/ Sector: Mining. Bluejay Mining Plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to provide an update on local engagement activities for its Dundas Ilmenite Project, including its participation in the Baume Construction& Mining Machinery...
RNS Number: 7352 Y Bluejay Mining PLC 10 May 2019 Bluejay Mining plc/ EPIC: JAY/ Market: AIM/ Sector: Mining. Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, announces that it has received notification from option holders to exercise options over 2,200,000 new ordinary shares of 0.01 pence each in the share capital of the...
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce the submission of the Social Impact Assessment for its Dundas Ilmenite Project in Greenland, the world's highest-grade mineral sands ilmenite project.. ·Completion and submission of the Social Impact Assessment to the Ministry of Industry, Energy&...
RNS Number: 0867 Y Bluejay Mining PLC 03 May 2019 Bluejay Mining plc/ EPIC: JAY/ Market: AIM/ Sector: Mining. Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, announces that it has received notification from option holders to exercise options over 300,000 new ordinary shares of 0.01 pence each in the share capital of the...
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce the submission of the Environmental Impact Assessment for its Dundas Ilmenite Project in Greenland, the world's highest-grade mineral sands ilmenite project.. ·Submission today of the completed EIA for Dundas to The Ministry of Nature and...
RNS Number: 6002 X Bluejay Mining PLC 30 April 2019 Bluejay Mining plc/ EPIC: JAY/ Market: AIM/ Sector: Mining. Resource& Pre-Feasibility Study Timetable Update. Bluejay Mining Plc, the AIM and FSE listed company with projects in Greenland and Finland, would like to provide an update on the expected resource calculations for Iterlak East and Iterlak West and the PFS...
Bluejay Mining* (JAY LN) 9p, Mkt Cap £77m – North West passage offers quick route to China for high-grade ilmenite STRONG BUY - included in MSCI index Target Price 45p Bluejay Mining reports that a new resource calculation is due at the Iterlak East and Iterlak West later this month. Our previous visit to the site shows this area to host substantial quantities of very high-grade ilmenite close to and at the shore line with easy access to deep water for bulk shipping. We expect the previous 7mt resource grading 12.2% ilmenite in-situ at Iterlak East and 1mt at 6.2% at Iterlak West to increase significantly with the addition of more higher-grade ilmenite beach material. Consultants: Bluejay also report they have engaged RSC Consulting to evaluate the Offshote Shallow Marine target which could be very efficiently mined in the summer months using simple dredges. These dredges can also work during the formation of sea ice though some smart and simple engineering tricks. The use of dredges could significantly raise ilmenite production and give access to some particularly high-grade areas along the near-shore line. See suitable dredges: Shipping: Bluejay’s next challenge after simple sorting and separation of the heavy minerals into ilmenite concentrate is to ship to its nearest markets. Canada is the closest option and has the added benefit of cheap power near Rio Tinto’s titanium business in Quebec. Other options include, Europe, the Middle East and China. Ship loading should be relatively simple for Bluejay as the Dundas site is located right next to deep water with potential to run a conveyor directly onto a bulk carrier. North West Passage: Bluejay has the option to use Panamax Ice class 1A ships to transport ilmenite concentrates to China through the North West passage. The journey will be cut to just a few weeks and would more than halve the journey times to China with bulk carriers accompanied by Ice Class tug boats across the top of Canada. The route offers two big advantages to Bluejay and its offtakers. The North West passage, when open in the summer months, will be a much shorter and quicker route to China from its location in Greenland. Nordic Bulk Carriers has six Ice Class 1A Panamax carriers of around 75,000t capacity each and are said to be looking to order 2-4 more boats to meet increasing demand. The Ice Class 1A carriers are reinforced, carry more powerful engines, different propellers and tank arrangements, at an estimated cost of $35-40m per carrier. Demand: Chinese demand for titanium raw materials is expected to rise as China increases in prosperity with Chinese producers keen to dominate the newer "chloride and chloride slag" technologies China wants to be self-sufficient in titanium dioxide and metal production due to national security implications and is determined to be self-sufficient in as many markets as possible as a general rule. Their ongoing move into military and civilian aircraft will require much more titanium metal for key components and titanium dioxide for coatings and will want to used domestic material for strategic industries. We suspect China buys much titanium metal from the US and Europe. China’s party leaders have pledged ‘moderate’ wealth which means more cars and nicer houses for all indicating further demand growth in titanium dioxides for paint for houses, cars and other pigments for papers and magazines. Rio Tinto highlighted their expectations for further demand growth in their annual report. Production: We reckon Bluejay will help consumers meet expected demand growth at a time when some other ilmenite producers are struggling with production issues stemming from community and environmental issues in Africa resulting in the loss of millions of tonnes of ilmenite production which was expected in the market. Prices: Ferro-titanium prices rose 12.4% in Europe last week to $5-5.3/kg. Ilmenite prices remain stable at around US$170-189/t in China. Conclusion: Bluejay continues to talk to offtake parties throughout Asia, Europe and North America. Major consumers in Canada and North American are the closest geographically while the ability to ship ilmenite concentrates through the North West passage makes sales into China more realistic, significantly cutting shipping costs and importantly delivery time. We are waiting on news and details on the Dundas project Feasibility which involves bringing together work from a number of specialist consultants and look forward to checking details of the study with our own modelling and estimates for the company. Guess it may be tempting to incorporate the new resource estimates into the Feasibility Study if time allows. *The SP Angel mining analyst has visited the Dundas, Itelak ilmenite sands project in Greenland. *SP Angel act as nomad and broker to BlueJay Mining.
RNS Number: 7416 U Bluejay Mining PLC 02 April 2019 Bluejay Mining plc/ EPIC: JAY/ Market: AIM/ Sector: Mining. Bluejay Mining Plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that the Company expects the resource calculations for the three expansion areas of Iterlak East, Iterlak West and the larger Offshore Shallow...
RNS Number: 7346 U Bluejay Mining PLC 01 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Bluejay Mining* (JAY LN) 9.9p, Mkt Cap £81m – Pre-feasibility study due end April. Discussions with potential offtakers ongoing STRONG BUY - included in MSCI index Target Price suspended pending update on pre-feasibility study figures Bluejay Mining report today that the company has no current intention to undertake an equity capital raising. The statement is in response to ill-informed market speculation indicating a placing was taking place. Bluejay reports it has sufficient funds to conduct its budgeted activities into Spring 2020. Eg through the 2019 summer field season and beyond. ‘Bluejay remains in detailed discussions with multiple parties, including the discussion announced on 27th February 2019. The Board remains confident that these discussions will achieve an attractive outcome for its shareholders.’ Bluejay previously reported that ‘the company is in discussions with Rio Tinto Iron and Titanium Canada in connection with an agreement to assess the commercial potential of Bluejay’s Dundas ilmenite project.’ Management are optimistic that an agreement will be concluded with Rio Tinto in due course. Jon Russill of SRK said, "We have been working with Bluejay and its other consultants on the PFS for the Dundas Ilmenite Project since 2017 and can confirm that it is now very close to its conclusion and publication (which we now anticipate to be within the next six weeks)." Target price: we are suspending our target price pending further detail to come from the PFS study. We look forward to updating our assumptions based on the work by SRK and other experts. Ilmenite prices: Ilmenite prices have risen since last summer ($175/t) and are currently $189/t in China for 50% TiO2 and 30% Fe in port. Titanium pigment – Ineos to become second largest producer of titanium dioxide in North America Ineos, run by Sir Jim Ratcliffe, the UK’s most successful businessman, has agreed to buy the National Titanium Dioxide Company Limited from Tronox for $700m. The deal which is subject to regulatory approval should then allow Tronox to buy Cristal’s global titanium dioxide business assuming the US Federal Trade Commission have no further objections to the deal. Conclusion: *The SP Angel mining analyst has visited the Dundas, Itelak ilmenite sands project in Greenland. *SP Angel act as nomad and broker to BlueJay Mining.
BlueJay Mining (JAY.L) 9.8p £84m “Bluejay notes market speculation and wishes to put on record that it has no current intention to undertake an equity capital raise. The Company has sufficient funding in place that allows it to conduct its budgeted activities into Spring 2020. In respect to customer engagement for the Dundas Ilmenite Project, Bluejay remains in detailed discussions with multiple parties, including the discussion announced on 27th February 2019. The Board remains confident that these discussions will achieve an attractive outcome for its shareholders. With regard to the timing of the Company's impending pre-feasibility study ('PFS'), which is being prepared in tandem with international mining consultants SRK Consultancy, the Board confirms that the PFS is nearing completion and anticipates that it will be published by the end of April 2019.”
Bluejay Mining Plc (JAY.L) Announced that the company has sufficient funding in place that allows it to conduct its budgeted activities into Spring 2020. In respect to customer engagement for the Dundas Ilmenite Project, Bluejay remains in detailed discussions with multiple parties, including the discussion announced on 27th February 2019. The Board remains confident that these discussions will achieve an attractive outcome for its shareholders.
RNS Number: 3713 T Bluejay Mining PLC 20 March 2019 Bluejay Mining plc/ EPIC: JAY/ Market: AIM/ Sector: Mining. Bluejay notes market speculation and wishes to put on record that it has no current intention to undertake an equity capital raise. The Company has sufficient funding in place that allows it to conduct its budgeted activities into Spring 2020..
RNS Number: 6229 R Bluejay Mining PLC 01 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
In related news, prospective titanium producer BlueJay Mining (JAY) said it was “optimistic” of concluding an agreement with Rio Tinto to “assess the commercial potential” of the Dundas ilmenite project. The junior miner told the market it had “inadvertently released a statement noting that it was in talks with Rio Tinto Iron and Titanium Canada” regarding a tie-up, following an unfortunate technical issue whilst its IT department was undertaking website maintenance.
Blue Jay Mining (JAY.L) 13p �120.2m The Company with projects in Greenland and Finland, announces that, following an unfortunate technical issue experienced whilst its IT department was undertaking website maintenance it has inadvertently released that the Company is in discussions with Rio Tinto Iron and Titanium Canada Inc. ('RTIT') in connection with an agreement to assess the commercial potential of Bluejay's Dundas ilmenite project. The Company is optimistic that an agreement will be concluded with RTIT in due course, however nothing has been finalised at this stage. The Company will make a further announcement as and when appropriate.
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland,. announces that, following an unfortunate technical issue experienced whilst its IT department was undertaking website maintenance it has inadvertently released that the Company is in discussions with Rio Tinto Iron and Titanium Canada Inc. in connection with an...
RNS Number: 2803 Q Bluejay Mining PLC 18 February 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6275 P Bluejay Mining PLC 11 February 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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