March 22, 2013 08:00 ET
Cardero Enters into LOI to Secure Lease Arrangement for Transload Facility, Mackenzie, British Columbia
Enters Into Transload Operating Discussions with Navcor
http://www.marketwire.com/press-rel...acility-mackenzie-british-tsx-cdu-1771064.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 22, 2013) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE MKT:CDY)(FRANKFURT:CR5) is pleased to announce that its subsidiary, Cardero Coal Ltd. ("Cardero Coal") has signed a non-binding letter of intent ("LOI") with Conifex Timber Inc. ("Conifex") with respect to a proposed lease of land located within the Industrial Zone at Mackenzie, BC. Cardero Coal intends to develop the site as a metallurgical coal transload facility, which would handle all aspects of coal transfer from barge to rail ("Transload Facility"). Cardero Coal has also entered into discussions with Navcor Inc. ("Navcor"), a wholly-owned subsidiary of Conifex, to negotiate a Transload Operating Agreement for the planned Transload Facility.
Transload Facility
Cardero Coal plans to transport metallurgical coal from the Carbon Creek mine site to the Ridley Terminals Inc. facility (Figure 1) at Prince Rupert ("Ridley"), using a combination of barge and rail transportation. The Transload Facility will be the interface between the two forms of transportation, consisting of a barge docking system, through which metallurgical coal will be unloaded from a barge, and a railcar loading system, through which the coal will be loaded onto empty rail cars for transportation to Ridley. At full production, it is presently envisioned that the Transload Facility will be capable of handling up to 5 million tonnes per annum. The initial lease term will be 20 years, ultimately renewable to 40 years.
Operating Contract
Cardero Coal is presently in discussions with Navcor with the aim of finalizing a Transload Operating Agreement for the Transload Facility. Navcor has considerable expertise and experience in transportation of bulk commodities. It is currently envisioned that Navcor will have a role in the operation of both the Transload Facility and the management of CN Rail shipments between Mackenzie and Ridley. The involvement of Navcor is subject to the settlement and execution of a formal Transload Operating Agreement.
Next Steps
The LOI provides Cardero Coal with a 9-month period of exclusivity during which time it is anticipated that the definitive lease agreement and operating agreement will be finalized. Over the coming weeks, Navcor and Cardero Coal will move to finalize rail track design and transload layout so that detailed designs can be included in the Feasibility Study for Carbon Creek presently underway. Geotechnical testing for the rail track and civil work is anticipated to be completed in 2013. Completion of the lease arrangements with Conifex is subject to a number of conditions precedent, including completion of satisfactory due diligence by Cardero Coal, the settlement and execution of the definitive lease document, and confirmation by Cardero Coal that it can obtain the required rail service, water lease and other permits and authorizations necessary to construct and operate the Transload Facility.
Barge Transportation
Cardero Coal believes that the transportation of metallurgical coal by barge via Williston Reservoir to the railhead at Mackenzie is an elegant and cost-effective solution. Cardero Coal intends to construct surface facilities and a processing plant in an area north of the planned mine, such that clean coal can be conveyed a short distance to the waiting barge. From there, the coal will be barged 175 kilometres to the Transload Facility at Mackenzie.
Barging has a lower environmental impact than the originally envisioned use of haul trucks, since the hydrocarbon fuel consumption is well below that of road-based solutions utilizing haul trucks. In addition, there are other advantages over traditional trucking, including capital and operating cost reductions as well as improved safety.
To view Figure 1, visit the following link: http://media3.marketwire.com/docs/CDU_NR1308_Figure1.jpg
About Conifex Timber Inc.
Conifex is a publicly listed softwood forest products company operating in the Northern Interior region of British Columbia whose primary business is the manufacture of structural grade SPF dimension lumber. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Upon completion of its bioenergy facility at Mackenzie, British Columbia, Conifex's business sectors will be expanded to include bioenergy.
About Navcor Inc.
Conifex's transportation company, Navcor, provides end-to-end transportation management services for customers across the forestry, mining, construction, and oil and gas industries. Their services include strategy, procurement, facility management, and transactional freight execution. As an active shipper, customer, and supplier on a number of projects with CN Rail, Navcor is well suited to assist in the development of the proposed Cardero Coal Transload Facility on Conifex property in Mackenzie, BC.
About Carbon Creek
The Carbon Creek Metallurgical Coal Deposit is the Company's flagship asset. Carbon Creek is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current reserve of 121 million tonnes, included within a 468 million tonne measured and indicated resource, of ASTM Coal Rank mvB coal. Mineral resources are not mineral reserves and there is no assurance that any of the additional mineral resources that are not already classified as reserves will ultimately be reclassified as proven or probable reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Having completed acquisition of the project in June 2011, the Company released results of an independent preliminary economic assessment in December 2011, followed by a Prefeasibility Study ("PFS") in September 2012. The PFS estimates an undiscounted cash flow of $2.2 billion, an NPV8 of $633 million, and an IRR of 24% (all on a post-tax, 75% basis). The Company is currently undertaking a bankable feasibility study on the project.
For details with respect to the work done to date and the assumptions underlying the current resource and reserve estimates and prefeasibility study, see the technical report entitled "Technical Report, Prefeasibility Study of the Carbon Creek Coal Property, British Columbia, Canada" dated November 6, 2012 with an effective date of September 20, 2012 and available under the Company's profile at www.sedar.com.
EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.
About Cardero Resource Corp.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of CARDERO RESOURCE CORP.
Hendrik Van Alphen, CEO and President
[url=http://peketec.de/trading/viewtopic.php?p=1364910#1364910 schrieb:
greenhorn schrieb am 21.03.2013, 13:04 Uhr[/url]"]March 21, 2013 08:00 ET
Cardero Secures Access to Coal Transportation Barge
Signs LOI for Charter of MV Williston Transporter in 2014
http://www.marketwire.com/press-rel...coal-transportation-barge-tsx-cdu-1770583.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2013) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE MKT:CDY)(FRANKFURT:CR5) announces that Cardero Coal Ltd. ("Cardero Coal") has signed a letter of intent ("LOI") with Canadian Forest Products Ltd. ("Canfor") outlining the terms under which Cardero Coal will charter the MV Williston Transporter for transportation of metallurgical coal from Carbon Creek to the railhead at Mackenzie, BC. This charter party arrangement will terminate at the end of 2015, at which time it is anticipated that Cardero Coal's purpose-built tug and barge will be commissioned to transport coal through the remainder of the currently proposed mine life.
Under the terms of the LOI, the Companies will enter into two definitive agreements, being a Charter Party relating to the MV Williston Transporter and a Timber Harvesting Agreement relating to mine site logging prior to mine construction. Cardero Coal will pay for the charter of the MV Williston Transporter, but anticipates receiving revenue from the logging of the mine site under the Timber Harvesting Agreement.
[url=http://peketec.de/trading/viewtopic.php?p=1364703#1364703 schrieb:
greenhorn schrieb am 21.03.2013, 09:10 Uhr[/url]"]March 20, 2013 17:00 ET
Cardero Announces Resignation of CEO
http://www.marketwire.com/press-release/cardero-announces-resignation-of-ceo-tsx-cdu-1770384.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2013) - Cardero Resource Corp. (TSX:CDU)(NYSE MKT:CDY)(NYSE Amex:CDY)(FRANKFURT:CR5) ("Cardero" or the "Company") announces that Michael Hunter has resigned as the Chief Executive Officer and President, and as a director, of the Company, effective March 19, 2013. The Company would like to thank Michael for his service and significant contribution to the Company.
The Board of Directors has appointed Hendrik van Alphen as the new Chief Executive Officer and President of the Company.
Guten Morgen! 
