Project Updates

Trendfield SOMINA UPDATE

Tue, 21 Sep 2010 03:57:00 GMT

2 China State-Owned Firms Ink Niger Uranium Project China Hydraulic and Hydroelectric Construction Group Corp. (Sinohydro Corp.) announce yesterday that it had teamed up with China Nuclear International Uranium Corporation (Sino-Uranium) to sign a uranium mining and metallurgy turn-key project in Azelik, Niger. Under the contract valued at USD 139.92 million, the two state-owned companies will jointly establish a 600,000-ton uranium mine project as well as purchase and install two 6MW power generation sets in a gas-fired power plant and a metal hydrometallurgy plant in the African country. The construction is scheduled for 900 days, and signals that Sinohydro Corp. and Sino-Uranium, two domestic energy front-runners, successfully form a partnership to exploit overseas uranium resources for the first time, said people with the direct knowledge of the matter. In addition, it is significant that they take the first step in course of the strategic cooperation with The Export- Import Bank of China (China Eximbank), one of the nation's three policy lenders. "Now, Sinohydro Corp. has much advantage in the technology and competition, so we would like to keep a closer cooperation with it in the world's uranium resources field," said a top executive for Sino-Uranium, "In the near future, the stunning prospect of the nuclear power industry is expected to allure more investors." Sinohydro Corp., as the leading hydraulic and hydroelectric construction conglomerate in China, is headquartered Beijing. So far, its registered capital and total assets have stood at CNY 4 billion and CNY 52.2 billion, respectively. Meanwhile, it has built 17 wholly-owned subsidiaries and 10 holding companies across China, and owns 33 branches, representative offices, and affiliates in 32 countries worldwide. In 2007, the Beijing-based company saw its operating revenues and total assets both beat CNY 50 billion, ranking No. 89 amongst the Top 500 Chinese Enterprises. In order to further upgrade its profitability, optimize the investment structure, and sharpen its competitive edge, Sinohydro Corp. has been exerting all its strength to expand in the sectors of hydropower, thermal power, wind power, water supply, real estate, and infrastructure construction. At the end of 2006, Sino-Uranium was inaugurated in Beijing, and then it started building up a presence in foreign markets, in line with the strategy of "go abroad". Being a wholly-owned affiliate of China National Nuclear Corporation (CNNC), the company always helps its parent exploit overseas uranium reserves and achieve project financing. Currently, it joins hands with many global mining and resources respecting companies, and expects to seek more development opportunities. From cnstock.com, Page 1, Tuesday, April 08, 2008 info@SinoCast.com

Incorporation of Cimentarie de Kao SA (CIMKAO)

Tue, 21 Sep 2010 03:59:00 GMT

10/04/2008 Incorporation of Cimenterie de Kao SA (CIMKAO), in Niamey, Republic of Niger. 100% ownership THL Development Ltd a fully owned subsidiary of Trendfield Holdings Ltd. This company was created after the completion of a pre-feasibility study conducted in Niger for and on behalf of Trendfield Holdings Ltd. The selected location is the Kao region of Tahoua, Republic of Niger. Trendfield Holdings objective is to build within 2 years a cement production plant with a capacity of 700,000 to 1,000,000 tones of cement per annum, using limestone and gyps which can be found in abundance in Kao. Production is designated for the local and West African market. Currently, Niger consumes in excess of 400,000 tones of cement a year and only produces 40,000 tones per year. With the booming mining, petroleum and transportation industries, Niger will soon need over 1,000,000 tones per year at an affordable price, our commitment is to produce a quality product at a reasonable price, so that the people of Niger can look forward to a brighter future.

Cameco Acquires Uranium Exploration Interest in Niger

Tue, 21 Sep 2010 03:57:00 GMT

“Cameco Corporation announced today it has formed a strategic alliance with Govi High Power Exploration Inc. (GoviEx) and acquired an approximate 11% interest in the company for $28 million (US). Under the strategic alliance, Cameco can acquire another approximate 10% interest in GoviEx for $31 million (US) following completion of a due diligence review expected by year end. The arrangement stipulates that most of the proceeds received from Cameco to acquire its ownership interests in GoviEx will be used for uranium exploration. If Cameco decides to increase its ownership in GoviEx after completion of due diligence, it secures additional ownership and governance rights. These include the right for Cameco to increase its ownership interest up to a maximum of about 48% over the next four years by exercise of warrants issued by GoviEx and options granted on shares held by the principal shareholders of GoviEx. Increasing ownership to 48% would cost Cameco between $145 million (US) and $212 million (US) depending upon timing of the purchase. Future decisions by Cameco to increase its ownership in GoviEx will be guided by achievement of certain technical milestones agreed to by the parties.” www.trendfieldonline.com

Trendfield Identifies Uranium Targets

Tue, 21 Sep 2010 06:37:00 GMT

8 July 2008 ASX Announcement: Uranium Targets Identified From Initial Field Work in Niger.
Highlights:
• Recently completed field exploration program identifies that the Agadez formation which is highly prospective to host uranium mineralisation underlies most of the tenement area at relatively shallow depths.
• The Azelik fault which plays an important role in localising uranium mineralisation in the region strikes for some 25km across the UREX lease.
• Drilling program planned to commence at the end of wet season (Q3 2008)

Australian resource investment house Artemis Resources Ltd (“Artemis”), through its interest in Niger Joint Venture company Uranium Exploration SA (“UREX”) plans to target an important uranium bearing horizon within its highly prospective Trendfield uranium project in Niger, West Africa Complete Article and findings at www.trendfiedonline.com

Trendfield Ventures Into Transport and Logistics

Tue, 21 Sep 2010 04:00:00 GMT

Taking into consideration, the growth of the mining sector in Niger, and the demand for a more efficient transportation and logistics company, THL Development Ltd, a subsidiary of Trendfield Holdings BVI, along with its partners, Cat Logistics SA, Sea Elite International Ltd, and a private investor joined to create on April 3, 2008, the JV Company, CAT Transports SA, which is based in Niamey, Niger. CAT TRANSPORT SA is a privately own transportation company in Niger, with operations in West Africa and will operate from Cat Logistics current location next to the Niamey International Airport. CAT Logistics is the clearing agents for the port of Cotonou in Benin. CAT TRANSPORT SA shares are divided up as follows: 30% Cat Logistics SA 25% THL Development Ltd 20% Sea Elite International Ltd 25% Private Investor CAT TRANSPORT SA already has, through its shareholders, existing contracts with AREVA, SOMINA, CNPC, GOVIEX, several NGOs, SNTV (Société National de Transport des Voyageurs), CELTEL, ECOBANK, and CAREN Insurance. Cat Logistics and Sea Elite will also transfer 15 trucks into Cat Transport’s fleet. A further 10 trucks will be purchase though loans from its shareholders. Other investment capital will be raised to purchase more trucks and equipment to expand operations and to provide more transportation options throughout the region. The objective is to make CAT TRANSPORT SA the largest privately owned transportation company in Niger within 3 years and to become the first transporter for the mining and petroleum sectors of Niger.