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FEATURE: COAL, the world’s largest source of energy for the production of electricity $AEXE.us

Posted by AGORACOM-JC at 10:33 AM on Thursday, August 3rd, 2017

  • Coal is the world’s largest source of energy for the production of electricity.
  • 1 billion tons of coal used in global industrial steel production each year.
  • There are zero alternatives to coal in the industrial steel-making process.

Anthracite Coal

What Is It and Why This Is So Important?

Anthracite is officially classified as coal however it is not just another fuel, anthracite should not be confused with just ordinary bituminous coal.

Anthracite is the highest quality metallurgical coal available, clean burning, hard coal with the highest carbon content of any coal, very energy efficient and even burns smoke free.

This premium coal represents only 1% of world coal reserves.

FEATURE: AIM Exploration (AEXE: OTC) Exploring Anthracite Coal, The Highest Quality Metallurgical Coal Available $AEXE.us

Posted by AGORACOM-JC at 10:35 AM on Wednesday, April 12th, 2017

  • Coal is the world’s largest source of energy for the production of electricity.
  • 1 billion tons of coal used in global industrial steel production each year.
  • There are zero alternatives to coal in the industrial steel-making process.

Anthracite Coal

What Is It and Why This Is So Important?

Anthracite is officially classified as coal however it is not just another fuel, anthracite should not be confused with just ordinary bituminous coal.

Anthracite is the highest quality metallurgical coal available, clean burning, hard coal with the highest carbon content of any coal, very energy efficient and even burns smoke free.

This premium coal represents only 1% of world coal reserves.

The Cleanest Burning Solid Fossil Fuel

Anthracite is an almost pure form of carbon. It has a very high heat value, and very low levels of sulphur and other impurities. This makes it not only the most sought after home heating fuel but also a much sought after, high quality component for a number of industries.

The anthracite coal extracted from the AIM coal concessions in Peru have been tested by the world-wide highly regarded SGS labs and the findings indicate a very high fixed carbon, very low ash and sulpher content with a high calorific value.

AIM would be pleased to provide the analysis upon request.

Why Does the World Need Anthracite Coal?

As a result of its attributes, anthracite coal trades at prices substantially higher than thermal coal and has a lower environmental impact. High quality anthracite is increasingly sought for by the steel industry, always under pressure to reduce costs and improve margins.

Metallurgical coal together with iron ore is the principal raw materials used to make steel. As such, it supports an improved quality of life for all of us through its use in the construction of homes and hospitals, and in the production of everything from mass transportation vehicles to wind turbines.

Due to its high carbon content and low volatiles, anthracite is more reactive and efficient with respect to energy released than the lower–ranked coals and consequently has a lower environmental impact due to the lower greenhouse gas emissions.

The industry most commonly associated with anthracite is the steel industry.

Within the steelmaking industry, anthracite is used in three processes

  1. Pulverized coal injection
  2. Basic Oxygen Steel
  3. Electric Arc Furnaces

Present Activities

  • Anthracite Samples from AIM's PropertyAssets encompass 1,000 hectares of mining concession property consisting of three sites of 600, 200 and 200 hectares respectively.
  • Percana SA initially acquired these properties based on indications of the presence of high grade anthracite coal. Illegal artisan miners are currently operating multiple one-entry mines on the property, which further indicates the presence and mine-ability of these deposits.
  • To verify the geology and quality of the coal, Percana SA commissioned local geologists to compile a technical report on the 1,000 hectares. Although the report yielded optimistic estimates of resources, reserves and economics, it does not meet public reporting standards.

LOCATION

  • located in Huaranchal, which is one of ten districts in the province of Otuzco.
  • Two-hour drive from Trujillo (the second largest city in Peru), and an equal distance to the city of Otuzco.
  • Also strategically located 200km from Salaverry, which features a port that can service ships with capacities of up to 35,000 tons. The Port of Salaverry provides direct access to the Pacific Ocean.

INFRASTRUCTURE


Water

A river adjacent to the property provides access to water for mining operations. However, most of the coal on the property may be extracted with minimal or no coal washing.

Power
Power lines cut through the property, although Aim is yet to ascertain the capacity of these lines. The company expects to use diesel powered equipment for most of its mining activities.

Roads
The first half of the road from the property to Otuzco is along steep mountainsides and can support 25-ton trucks. The next half of the road to Otuzco is better maintained and can also support 25-ton trucks. The road from Otuzco to the Port of Salaverry is well constructed, paved, and has bridges that can support up to 50-ton loads. This will facilitate smooth hauling of coal to the port.

Besides accessibility to water, transportation and electricity, there are also small villages on the property with ample accommodations and restaurants to service exploration crews and other travelers.

Market Potential

  • Highly desirable resource with a variety of uses. I
  • Primarily used in the manufacturing of steel, the production of cement, and the generation of electricity.
  • 70% of the steel produced globally relies on coal (World Coal Association, 2013); 200kg of coal is required to produce one ton of cement (Van Oss, 2012); and 41% of global electricity production relies on coal (Clemente, 2012).
  • Highest ranking coal because it is older and harder, contains more carbon, has lower moisture content, and burns hotter than any other type of coal. Comprising only 1% of global reserves, anthracite is also the cleanest burning fossil fuel on the planet (Cornerstone, 2013).

Once the joint venture with Prina Energy Aim intends to sell its output to international customers through the joint venture corporation concentrating the marketing efforts in India.

  • Unavailability of Anthracite Coal in India creates a huge potential for coal as a fuel for Indian Steel industry, which is growing on progressive and steady pace.
  • Huge scope for growth is offered by India’s comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.

Competitive Advantage

Aim has a variety of advantages. The company has a team of technical experts on ground in Peru, and has also recruited advisors and directors who bring complementary skills to the venture. In terms of infrastructure, power lines run through Aim’s property, while a river runs adjacent to the site. The road network from the site to Otuzco can support 25-ton trucks. From Otuzco to Salaverry, the road is paved and well maintained, and can support up to 50-ton trucks. There are also accommodation facilities close to the property that can cater to Aim employees and contractors. Other advantages include competitive labour wages in Peru, and competitive storage and stevedoring costs at the port together with the ability to extract deposits with minimal or no coal washing.

Stock Chart

Potential Chinese Coal Crackdown on North Korea Bodes Well For AIM Exploration AEXE.us

Posted by AGORACOM-JC at 10:30 AM on Monday, January 9th, 2017

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  • United Nations Security Council last week imposed fresh sanctions on North Korea, limiting its annual coal exports to 7.5 million tons, or a value of $400.9 million, after the isolated communist regime conducted a fifth nuclear weapons test
  • Significant for China’s imports of high-quality coal used to make steel, as North Korea is one of its top suppliers.

The already elevated price of coking coal could be boosted further if China decides to crack down on coal imports from its nuclear-armed neighbor North Korea.

The United Nations Security Council last week imposed fresh sanctions on North Korea, limiting its annual coal exports to 7.5 million tons, or a value of $400.9 million, after the isolated communist regime conducted a fifth nuclear weapons test.

This is significant for China’s imports of high-quality coal used to make steel, as North Korea is one of its top suppliers.

Chinese customs data show that China imported 18.517 million tons of North Korean coal in the first 10 months of the year, a gain of 12.8 percent on the same period last year.

The jump in imports from North Korea this year came in spite of earlier Chinese commitments to ban the coal trade with Pyongyang.

So far, the official line from Beijing is that China will meet its obligations under the UN Security Council sanctions, but as was the case earlier this year, it appears the commitment may not be absolute.

Earlier sanctions banning coal purchases from North Korea were not enforced by China due to an exemption allowing imports for what was translated as “the people’s well-being,” or “livelihood purposes.”

China’s Foreign Ministry said on Dec. 1 that while it will enforce the new measures, they aren’t intended to harm “normal” trade with North Korea or impact upon civilians.

“Resolution 2321 formulates new measures, showing the resolve of the Security Council, and also points out they must avoid creating adverse consequences for North Korean civilian and humanitarian needs, and are not intended to create negative effects on normal trade,” Foreign Ministry spokesman Geng Shuang said.

Once again, it will appear to come down to what Beijing considers adverse effects on the North Korean populace, and it seems that the Chinese authorities are leaving themselves some wiggle room around the sanctions.

Bullish coking coal signal

Certainly Chinese coal traders will be happy to be allowed to continue buying from North Korea once the new measures are put in place in January.

China is believed to be the only country that buys North Korean coal, which is the biggest export earner for the dynastic communist dictatorship.

Chinese customs data classifies North Korean coal as anthracite, which is a grade of coal high in energy content, making it ideal for use in the steel blast furnaces and ceramic factories in the northeast provinces close to North Korea.

Russia is the second-largest supplier of anthracite to China, but its 1.867 million tons in the first 10 months is barely 10 percent of what was imported from North Korea.

Rather, the main import competitor to North Korean anthracite is coking coal from Australia and Mongolia.

Chinese imports of Australian coking coal were up 11.3 percent in the first 10 months of the year to 23.45 million tons, while those from Mongolia surged 75.3 percent to 17.47 million tons.

Stronger steel production and a policy directive from Beijing to limit domestic coal output has combined to send coking prices sharply higher as China sucked up every available ton from the seaborne market.

Coking coal futures on the Dalian Commodity Exchange closed at 1,276 yuan ($185.46) a ton on Dec. 2, up 126 percent from the start of the year.

These gains have been tempered in recent weeks as the Beijing authorities took actions to try to cool commodity markets, with exchanges requiring higher margins and charging increased fees.

Australian coking coal prices ended last week at $308.70 a ton, about four times the $77 recorded at the end of last year.

With coking coal in strong demand in China, the potential loss of as much as 12 million tons of North Korean coal in 2017 would be a very bullish signal for prices.

It’s possible that Beijing will force domestic coking coal miners to ramp up output, and it’s also possible that imports from North Korean won’t be cut by as much as implied by the new UN sanctions.

But for now, coking coal’s extraordinary rally this year has just been given another reason to continue.
Source: Reuters – http://www.hellenicshippingnews.com/coking-coal-surge-may-extend-if-china-cracks-down-on-north-korea/

AGORACOM Welcomes AIM Exploration (AEXE: OTCQB) Exploring Anthracite Coal, The Highest Quality Metallurgical Coal Available $AEXE.us

Posted by AGORACOM-JC at 11:09 AM on Wednesday, December 21st, 2016

  • Coal is the world’s largest source of energy for the production of electricity.
  • 1 billion tons of coal used in global industrial steel production each year.
  • There are zero alternatives to coal in the industrial steel-making process.

Anthracite Coal

What Is It and Why This Is So Important?

Anthracite is officially classified as coal however it is not just another fuel, anthracite should not be confused with just ordinary bituminous coal. Anthracite is the highest quality metallurgical coal available, clean burning, hard coal with the highest carbon content of any coal, very energy efficient and even burns smoke free. This premium coal represents only 1% of world coal reserves.

The Cleanest Burning Solid Fossil Fuel

Anthracite is an almost pure form of carbon. It has a very high heat value, and very low levels of sulphur and other impurities. This makes it not only the most sought after home heating fuel but also a much sought after, high quality component for a number of industries. The anthracite coal extracted from the AIM coal concessions in Peru have been tested by the world-wide highly regarded SGS labs and the findings indicate a very high fixed carbon, very low ash and sulpher content with a high calorific value. AIM would be pleased to provide the analysis upon request.

Why Does the World Need Anthracite Coal?

As a result of its attributes, anthracite coal trades at prices substantially higher than thermal coal and has a lower environmental impact. High quality anthracite is increasingly sought for by the steel industry, always under pressure to reduce costs and improve margins. Metallurgical coal together with iron ore is the principal raw materials used to make steel. As such, it supports an improved quality of life for all of us through its use in the construction of homes and hospitals, and in the production of everything from mass transportation vehicles to wind turbines. Due to its high carbon content and low volatiles, anthracite is more reactive and efficient with respect to energy released than the lower–ranked coals and consequently has a lower environmental impact due to the lower greenhouse gas emissions.

The industry most commonly associated with anthracite is the steel industry.

Within the steelmaking industry, anthracite is used in three processes

  1. Pulverized coal injection
  2. Basic Oxygen Steel
  3. Electric Arc Furnaces

 

Present Activities

 

  • Anthracite Samples from AIM's PropertyAssets encompass 1,000 hectares of mining concession property consisting of three sites of 600, 200 and 200 hectares respectively.
  • Percana SA initially acquired these properties based on indications of the presence of high grade anthracite coal. Illegal artisan miners are currently operating multiple one-entry mines on the property, which further indicates the presence and mine-ability of these deposits.
  • To verify the geology and quality of the coal, Percana SA commissioned local geologists to compile a technical report on the 1,000 hectares. Although the report yielded optimistic estimates of resources, reserves and economics, it does not meet public reporting standards.

LOCATION

 

  • located in Huaranchal, which is one of ten districts in the province of Otuzco.
  • Two-hour drive from Trujillo (the second largest city in Peru), and an equal distance to the city of Otuzco.
  • Also strategically located 200km from Salaverry, which features a port that can service ships with capacities of up to 35,000 tons. The Port of Salaverry provides direct access to the Pacific Ocean.

 

INFRASTRUCTURE

Water A river adjacent to the property provides access to water for mining operations. However, most of the coal on the property may be extracted with minimal or no coal washing. Power Power lines cut through the property, although Aim is yet to ascertain the capacity of these lines. The company expects to use diesel powered equipment for most of its mining activities. Roads The first half of the road from the property to Otuzco is along steep mountainsides and can support 25-ton trucks. The next half of the road to Otuzco is better maintained and can also support 25-ton trucks. The road from Otuzco to the Port of Salaverry is well constructed, paved, and has bridges that can support up to 50-ton loads. This will facilitate smooth hauling of coal to the port.   Besides accessibility to water, transportation and electricity, there are also small villages on the property with ample accommodations and restaurants to service exploration crews and other travelers.

Market Potential

  • Highly desirable resource with a variety of uses. I
  • Primarily used in the manufacturing of steel, the production of cement, and the generation of electricity.
  • 70% of the steel produced globally relies on coal (World Coal Association, 2013); 200kg of coal is required to produce one ton of cement (Van Oss, 2012); and 41% of global electricity production relies on coal (Clemente, 2012).
  • Highest ranking coal because it is older and harder, contains more carbon, has lower moisture content, and burns hotter than any other type of coal. Comprising only 1% of global reserves, anthracite is also the cleanest burning fossil fuel on the planet (Cornerstone, 2013).

Once the joint venture with Prina Energy Aim intends to sell its output to international customers through the joint venture corporation concentrating the marketing efforts in India.

  • Unavailability of Anthracite Coal in India creates a huge potential for coal as a fuel for Indian Steel industry, which is growing on progressive and steady pace.
  • Huge scope for growth is offered by India’s comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.

Competitive Advantage

Aim has a variety of advantages. The company has a team of technical experts on ground in Peru, and has also recruited advisors and directors who bring complementary skills to the venture. In terms of infrastructure, power lines run through Aim’s property, while a river runs adjacent to the site. The road network from the site to Otuzco can support 25-ton trucks. From Otuzco to Salaverry, the road is paved and well maintained, and can support up to 50-ton trucks. There are also accommodation facilities close to the property that can cater to Aim employees and contractors. Other advantages include competitive labour wages in Peru, and competitive storage and stevedoring costs at the port together with the ability to extract deposits with minimal or no coal washing.

AIM Exploration Completes Comprehensive Report on Its Ability to Ship Coal Year-Round via the Port of Salaverry, Estimates Its Coal Capacity Shipments $AEXE.us

Posted by AGORACOM-JC at 12:09 PM on Monday, December 19th, 2016

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  • Company progresses in preparation for extracting, transporting, and loading of coal, we wish to provide information to our valued investors of the strategic port of Salaverry, is located 17km from the city of Trujillo
  • Positioned to ship 2 to 4 shiploads of anthracite coal per month, currently  the spot price exceeds $250.00 MT

Imports and Price of Anthracite at 23-Month High, AIM Exploration (OTCQB: AEXE) $AEXE Proceeds with its Project in Peru, Estimates Coal Capacity Shipments

HENDERSON, NV / ACCESSWIRE / December 19, 2016 / Attention, to our valued shareholders and investors and general coal industry audience:

As The Company progresses in preparation for extracting, transporting, and loading of coal, we wish to provide information to our valued investors of the strategic port of Salaverry, is located 17km from the city of Trujillo. Latitude -8º -9′ -54′ S, Longitude -79º 0′ -38′ W.

Its Cargo Pier water depth meets our demands for coal shipments at 31 – 35 feet (9.4 – 10 meters). Tide information is updated daily. Tug assist is on-ready, and quarantine stations with Deratt Cert (Ship sanitation certification) is present. Air, Radio, and Telephone communications are on-ready.

It is a major port and has met our potential client demands for Ship repairs, with refueling oil and diesel oil, water/provisioning/engine maintenance. Loading of the coal will be done in wharves and on-anchor. Mobile cranes and 24 ton Lists are available for AIM.

There are neither tide entrance restrictions nor overhead limits.

The Company has studied and consulted with its advisors, clients, and the port, and are pleased that the port is appropriate for year round loading and can provide year round shipping of coal. This efficiency allows the Company to provide coal in a cost effective, and nimble on-demand manner.

Coal supply chain approach is how the Company manages its availability. We are developing clear metrics highlighting our coal inventories at mines and the Port, the arrival date of vessels, the amount of coal being shipped from our mines. The port is ready for coal shipping; cargo shipping constitutes 42% of its monthly usage.

AIM is positioned to ship 2 to 4 shiploads of anthracite coal per month, currently the spot price exceeds $250.00 MT.

“Anthracite is necessary for steel and high-grade metal forging products. The prices currently range between $220 – $400USD per ton, and we have been monitoring the open-market prices, on sxcoal.com and alibaba.com, and they have been on the rise month over month. As the economy expands and with energy demands of G8 and emerging markets are unilaterally in line, we do not see this trend to plateau, rather it is continuing to put price pressure on un-replenishable energy resources,” says JR Todhunter, President and CEO of AIM.

As of 2016-12-08 15:39:00 China Nov coal imports hit 23-month high of 26.97 million tonnes in November, up 24.96% from October. Figures and charts are available in image links or via our twitter account.

Image: https://www.accesswire.com/users/newswire/images/451283/26414ff2-1ae6-4b80-8283-724f29fdb0c9.jpeg

Please click or copy/paste on the links in this news releases for pictures of the port.

Comprehensive pictures and supplemental information is viewable upon opening the link to the PDF and Word document. Thank you.

About Aim Exploration:

The Company is an Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors and advisory board. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTCQB: AEXE).

Forward-Looking Statements and Disclosures:

Certain information set forth in this press release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “projects,” “plans,” “targets,” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.

Contact:

AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com

Twitter: www.twitter.com/aexeqb or @aexeqb
Contact: info@aimexploration.com
Website: www.aimexploration.com

Image: https://www.accesswire.com/users/newswire/images/451283/d50c58d6-de21-4e26-af6a-15176bd74fce.jpeg

Image: https://www.accesswire.com/users/newswire/images/451283/7db42a0b-ef5e-4530-945f-1074307ff6df.jpeg

References and citations from external sources support this news release:

References #1: https://www.worldcoal.org/
References #2: https://www.searates.com
References #3: https://en.wikipedia.org/wiki/Bulk_carrier
References #4: http://www.sxcoal.com/site/index/en

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