cbh been a waste of timecompared to kzl, page-17

asx update comign wednesday According to Wespac brokerage, CBH will release their interum results on Wednesday.

This should be good for the stock, because it will contain confirmation of the full mine restart next month.

It is fair to say that all investors would be keen to know this information. Unless you have checked CBH website since Thursday, or read hotcopper.....the majority of stakeholders would not be aware of this. How could they be, with no stockmarket info released.

Lets hope some of the 4000 shareholders who own the stock, may choose to buy more, when it is clear that the mine will rstart fully. Share price ran up to 57 cents in May, and zinc spot...it seems some 6 months after its initial run, is not going down.

Soon the company will release some key data concerning a major offtake/funding agrement for Sulphur Springs. See story:



Sinosteel spreads wings

Ben Sharples
Wednesday, June 21, 2006

CHINA'S largest importer of iron ore, Sinosteel, is spreading its wings into Australia's base metals sector and is seeking investment or off-take opportunities to supply concentrate to smelters in China, with CBH Resources and Jubilee Mines touted as potential partners.

Sinosteel Australia managing director Cui Xiaofei

Sinosteel Australia managing director Xiaofei Cui told MiningNews.net the company was in discussions with four "end of users" and had signed exclusive agreements with two copper and zinc smelters to supply concentrate from Australian sources.

The two smelters have a combined total annual output of 160,000 tonnes of copper metal and 300,000t of zinc metal.

Cui said the two smelters currently procure their raw materials mainly from the spot market but with capacity expansions being planned, they were aiming to secure a stable supply of concentrate feedstock.

On the supply front, Cui said the company was in discussions with zinc producer CBH Resources in regards to securing zinc and copper concentrate.

"CBH Resources are preparing an information memorandum, once that is ready we'll talk a deal with them," he said.

However, CBH managing director Bob Besley told MNn the company was in preliminary discussions with a whole range of people but nothing was firm at this stage.

Besley said any possible off-take agreements would involve the Sulphur Springs copper-zinc-silver development in Western Australia (currently the focus of feasibility studies) because all of the production out of its mainstay Endeavour mine in New South Wales was "pretty well tied up".

Sulphur Springs is being planned as a 1.25 million tonne per annum mining and processing operation producing a 75,000tpa zinc concentrate (grading 53% zinc) and a 65,000tpa copper concentrate (grading 25% copper).

On the nickel front, Cui said the company was in early discussions in regards to supplying Anshan Iron & Steel, China's second-largest stainless steel producer, with nickel concentrate from Australian sources.

Cui said he had met with Jubilee Mines executive chairman Kerry Harmanis two weeks ago but said "it is very initial stages".

Sinosteel has been busy on the WA iron ore front, signing memorandums of understanding with Jupiter Mines and Cape Lambert Iron Ore earlier this year, and forming a JV with iron ore producer Midwest last October.