|By Marketwired .||
|August 8, 2012 08:00 AM EDT||
LONDON, UNITED KINGDOM -- (Marketwire) -- 08/08/12 -- Tri-Star (AIM:TSTR), the integrated antimony exploration and development company, has entered into an agreement with RDP Singapore Limited ("RDPS") (the "Collaboration Agreement") under which, Tri-Star will provide technical collaboration and advice to RDPS in relation to its Myanmar antimony projects, which include exploration rights surrounding two existing producing deposits and any additional antimony projects identified in Myanmar by either Tri-Star or RDPS (the "Antimony Projects"). RDPS is a subsidiary of Resource Development Partners Limited ("RDP"), the London based mining finance house specializing in natural resource investments.
The first stage of the Collaboration Agreement will involve Tri-Star providing technical expertise to RDPS and performing a series of geological and metallurgical assessments at the Antimony Projects. Following the completion of the initial assessment work, the board of directors of Tri-Star (the "Board") will make a decision regarding any further collaboration with RDPS. The Board expects this initial work to be completed within 6 to 12 months and subject to the results of the assessments the Board will consider further investment in the Antimony Projects and seek to negotiate an exclusive off-take arrangement with RDPS.
RDPS is a private holding company incorporated in Singapore, which invests in the Myanmar mining industry, in addition to other sectors. The principals, James Hyndes and Christian West, have regional investment and mining experience, and are supported by a strong board with members based both in South East Asia and Myanmar. RDPS has identified two operating antimony mines in Myanmar and will focus on expanding the surrounding prospective areas over which it owns the exploration rights. RDPS is engaged in seeking other projects of merit and its strategy is to develop strong local relationships in key commodity sectors.
Commenting on the Collaboration Agreement, Emin Eyi, Managing Director of Tri-Star Resources, said:
"The experience RDPS has, together with the strength of its relationships locally, means the company is very well positioned to develop opportunities in Myanmar and we look forward to utilising our geological and metallurgical skills in assisting them, and in turn the Myanmar resource industry, to improve standards and enhance exploration and production potential. Importantly, we are encouraged by the possible sourcing of raw materials which can potentially be processed at Tri-Star's proposed UAE roaster facilities in the future."
Myanmar has a very rich mineral record but is relatively underexplored. The geology of the region has the potential to host world class metal deposits. Located between the Cathy (Asian) and Indian plates the large continental sutures and faults such as the Shan Boundary Fault control a large number of mineral formations. Metal deposits in Myanmar include antimony, tin, lead, zinc, copper, precious metals and industrial minerals. There are over 30 known antimony occurrences recorded in the Country. Many of the antimony deposits are associated with tungsten and gold.
Myanmar is estimated to have produced over 14,000 tonnes of antimony in ore form in 2011, sold almost entirely overseas. It is one of the largest single country sources of antimony raw material for Chinese facilities.
About RDP & RDPS
RDP is a London based mining finance house specialising in early stage investments in the natural resource sector. RDP provides support services, seed financing and direct investment to a number of companies, including companies exploring and or producing in the Philippines, Guinea, Kazakhstan and, via RDPS, in Myanmar.
RDPS is a special purpose Singaporean company established by RDP and its Singaporean director James Hyndes, specifically to invest in Myanmar based opportunities. RDPS has signed letters of intent and joint venture contracts in relation to projects in the mining and natural resources sectors, as well as manufacturing and property sectors. It has offices in Singapore and is in the process of staffing and establishing a Yangon based office.
About Tri-Star Resources
Tri-Star Resources is a focused antimony company whose management has many years experience in trading and mining this critical mineral. The Company objective is to become the leading integrated antimony metal and products manufacturer to western economy consumers utilizing a new technical and environmentally advanced 20,000 tonnes per annum name plate capacity metal and tri-oxide production facility in the UAE, with raw material supplied from its upstream resource projects in Turkey & Canada and from third party producers.
Further information is available at www.tri-starresources.com.
Tri-Star Resources plc
+44 (0) 20 3463 2270
Tri-Star Resources plc
+44 (0) 12 3362 9351
+44 (0) 7525 324431
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
May. 29, 2015 09:00 PM EDT Reads: 4,969
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust...
May. 29, 2015 06:15 PM EDT Reads: 997
2015 predictions circa 1970: houses anticipate our needs and adapt, city infrastructure is citizen and situation aware, office buildings identify and preprocess you. Today smart buildings have no such collective conscience, no shared set of fundamental services to identify, predict and synchronize around us. LiveSpace and M2Mi are changing that. LiveSpace Smart Environment devices deliver over the M2Mi IoT Platform real time presence, awareness and intent analytics as a service to local connecte...
May. 29, 2015 04:27 PM EDT Reads: 428
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for companies without hyper-scale resources. In his session at 15th Cloud Expo, David Cauthron, CTO and Founder of NIMBOXX, highlighted how a mid-sized manufacturer of global industrial equipment bridged the gap from virtualization to software-defined services, streamlining operations and costs while connect...
May. 29, 2015 04:00 PM EDT Reads: 3,344
High-performing enterprise Software Quality Assurance (SQA) teams validate systems that are ready for use - getting most actively involved as components integrate and form complete systems. These teams catch and report on defects, making sure the customer gets the best software possible. SQA teams have leveraged automation and virtualization to execute more thorough testing in less time - bringing Dev and Ops together, ensuring production readiness. Does the emergence of DevOps mean the end of E...
May. 29, 2015 04:00 PM EDT Reads: 5,309
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, ...
May. 29, 2015 03:45 PM EDT Reads: 4,800
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
May. 29, 2015 03:45 PM EDT Reads: 838
paradigm shifts in networking, to cloud and licensure, and all the Internet of Things in between. In 2014 automation was the name of the game. In his session at DevOps Summit, Matthew Joyce, a Sales Engineer at Big Switch, will discuss why in 2015 it’s complexity reduction. Matthew Joyce, a sales engineer at Big Switch, is helping push networking into the 21st century. He is also a hacker at NYC Resistor. Previously he worked at NASA Ames Research Center with the Nebula Project (where OpenSta...
May. 29, 2015 03:21 PM EDT Reads: 481
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
May. 29, 2015 03:00 PM EDT Reads: 1,496
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
May. 29, 2015 03:00 PM EDT Reads: 4,931
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In this session, James Kirkland, Red Hat's Chief Architect for the ...
May. 29, 2015 02:33 PM EDT Reads: 473
While there are hundreds of public and private cloud hosting providers to choose from, not all clouds are created equal. If you’re seeking to host enterprise-level mission-critical applications, where Cloud Security is a primary concern, WHOA.com is setting new standards for cloud hosting, and has established itself as a major contender in the marketplace. We are constantly seeking ways to innovate and leverage state-of-the-art technologies. In his session at 16th Cloud Expo, Mike Rivera, Seni...
May. 29, 2015 02:30 PM EDT Reads: 948
EMC Corporation on Tuesday announced it has entered into a definitive agreement to acquire privately held Virtustream. When the transaction closes, Virtustream will form EMC’s new managed cloud services business. The acquisition represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry’s most comprehensive hybrid cloud portfolio to support all applications, all workl...
May. 29, 2015 02:00 PM EDT Reads: 928
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
May. 29, 2015 02:00 PM EDT Reads: 6,441
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are bein...
May. 29, 2015 02:00 PM EDT Reads: 836