Your trusted source for investing success

Tag: TSXV:BCN

"Lithium Market Transition from 2004-2014 Global Lithium Market Share"

For a long time, most of the world’s lithium was produced by an oligopoly of producers often referred to as the “Big 3.” Prior to being acquired by Albemarle (NYSE:ALB), Rockwood Lithium, part of Rockwood Holdings was on that list. The other members of the club were Chile’s Sociedad Quimica y Minera de Chile (NYSE:SQM) and FMC (NYSE:FMC), which operates in Argentina.

However, the list of the world's top lithium producers has changed in recent years. Those companies still produce the majority of the world’s lithium, but China continues to take a huge chunk out as well. China was the fourth-largest lithium-producing country last year in terms of mined production, according to the US Geological Survey, following Australia, Chile and Argentina.

More importantly, however, Australia does not currently produce lithium chemicals, and China is producing more and more of them.

[text_ad]

Even though Australia narrowly beat out Chile last year in terms of mined production, its largest mine, the Greenbushes lithium project, is majority controlled by China’s Tianqi Group. Tianqi owns a 51-percent interest in Talison Lithium, which runs the mine, while Albemarle now owns a 49-percent stake in the company via its acquisition of Rockwood.

Certainly, securing a steady supply of lithium is becoming mroe and more important for end users. According to Bloomberg, Sichuan Tianqi Lithium Industries (SZSE:002466) and Jiangxi Ganfeng Lithium (SZSE:002460) have seen their stocks nearly double in the past year. At the same time, China based electric car and bus maker BYD is under pressure to “get hold of lithium resources,” to bring down battery costs.

Lithium expert Joe Lowry has written extensively about China’s rising share of the lithium market. The graphic below, put out in 2015 using results from 2014, outlines how the global lithium space has changed over the past decade or so:

[caption id="attachment_127655" align="aligncenter" width="600"]Lithium market transition 2004 to 2014 Source: Global Lithium LLC[/caption]

The market share for the “Big 3” lithium producers has dropped from about 85 percent to 53 percent, while China now has about 40 percent of the world’s market share.

In other words, lithium investors need to be keeping an eye on lithium producers China, as well as on the New York-listed chemical companies among the ranks of lithium producers. Here’s a look at some of the world’s largest lithium producers.

Albemarle

When Albemarle closed its acquisition of Rockwood Holdings and Rockwood Lithium in early 2015, it became the heavyweight in the lithium space. The company’s net sales for lithium were approximately $508.8 million for 2015, well above what was reported by SQM and FMC. Lowry calls Albemarle the lithium superpower.

The lithium producer owns lithium brine operations in the US and Chile, and, as mentioned above, it owns a 49-percent stake in the massive hard-rock Greenbushes mine Australia.

[text_ad]

On February 1 2016, Albemarle was granted a long-awaited permit to increase its lithium brine extraction rate at its operations in Chile. The lithium producer also signed a memorandum of understanding (MOU) with the Chilean government to define a partnership for the increased lithium quota. However, SQM has stated that it will seek to challenge the granting of this permit. In August 2016, the company signed a definitive agreement to acquire lithium hydroxide and lithium carbonate conversion assets form Asia.

The company also produces bromine and other performance chemicals, and has refining solutions and Chemetall surface treatment business segments as well.

SQM

Revenues from lithium and derivatives for 2015 came in at US$223 million for SQM, an increase of 7.8 percent compared to 2014. The company stated that its lithium business accounted for approximately 21 percent of its gross profit margin for the year.

The lithium producer faced some challenges in 2015. It spent plenty of time butting heads with Chile’s Corfo over its leases in the Salar de Atacama, where the company’s brine operations are located. Earlier in 2015, the company got some unwanted attention as part of a broader probe into into bribery and tax evasion in Chile, leading the company’s CEO to resign and to three directors representing Potash Corp of Saskatchewan (TSX:POT) leaving the company as well.

On March 28 2016, SQM announced a joint venture with Lithium Americas (TSX:WLC) to develop the Cauchari-Olaroz lithium project in Jujuy, Argentina, marking SQM’s first investment in lithium production outside of Chile.

In September 2016, SQM announced its plans to increase lithium hydroxide capacity in Chile from 6,000 metric tons per year to 13,500 metric tons per year.

Beyond its lithium business, SQM is also a significant potash producer and the world’s largest producer of iodine.

FMC

FMC, which operates its lithium business in the Salar del Hombre Muerto in Argentina, reported lithium segment revenues of $238 million for 2015, seven percent lower than in 2014. Full year earnings from FMC’s lithium business came in at $23 million, $4.2 million lower than in 2014.

The lithium producer reported that higher prices for lithium hydroxide and lithium carbonate, as well as cost savings projects, helped to offset inflation and currency impacts in Argentina for 2015.

FMC, like most others following the lithium sector, sees strong lithium demand with prices continuing to rise. However, though the lithium producer plans to increase its lithium hydroxide throughput by another 10 percent in 2015, Lowry noted in an overview of the company’s annual report that the company will still be producing less than they were a few years ago.

In an era where hydroxide is in a global period of undersupply and prices are triple last year in some markets –it would be wonderful if FMC could state they had record production,” he stated, “but unfortunately they do not and prefer to highlight incremental year over year increases.”

On that note, in October FMC signed a long-term carbonate supply with Nemaska Lithium (TSX:NMX) wherein Nemaska would supply FMC with 8,000 metric tones of lithium carbonate per year, beginning in 2018.

[text_ad]

Sichuan Tianqi Lithium

Lithium producer Tianqi Lithium is a subsidiary of Chengdu Tianqi Group, headquartered in Chengdu, China. The company states that it has been focused on advancing its entire lithium processing chain in regards to securing a large share of the lithium battery market. It is the world’s largest hard-rock-based lithium producer.

Tianqi beat out Rockwood Holdings to take control of Talison Lithium, which owns the Greenbushes mine in Australia, in 2012. However, it subsequently sold a 49-percent interest in the company to Rockwood, which is now owned by Albemarle.

Jiangxi Ganfeng Lithium

Ganfeng Lithium is another important Chinese lithium producer that investors should be keeping an eye on. Headquartered in Xinyu, China, the company is China’s second-largest lithium producer.

Like Tianqi, Ganfeng is also buying up interests in lithium companies outside of China. It owns a 14.7-percent stake in junior lithium company International Lithium (TSXV:ILC), and signed an MOU for an offtake agreement with Australia’s Reed Industrial Minerals, owned by Neometals (ASX:NMT) and Mineral Resources (ASX:MIN), in July 2015.

Furthermore, Lowry has said that Chinese lithium producers are becoming much more significant as suppliers to the global lithium ion-battery market. China now produces more cathode for lithium-ion batteries than Japan and Korea combined.

[text_ad]

New lithium producers?

Aside from the world’s top lithium producers, a number of other lithium companies are getting into production as well.

Orocobre (TSX:ORL,ASX:ORE) continues to ramp up lithium carbonate production at its Olaroz lithium facility in Argentina. In the third quarter of 2016, the company produced 3,013 tons of lithium, with a fourth quarter forecast between 3,500-4,000 metric tons.

Meanwhile, Galaxy Resources (ASX:GXY) reported that its Mt Cattlin processing facility commenced ore commissioning on November 11 with first lithium concentrate production on November 12.

Beyond that, there are plenty of lithium juniors looking to develop projects and become lithium producers as well. Two have signed conditional supply agreements with Tesla Motors’ (NASDAQ:TSLA) (Bacanora Minerals (TSXV:BCN,LSE:BCN)/Rare Earth Minerals (LSE:REM), and Pure Energy Minerals (TSXV:PE)), while many more are converging on the prolific Clayton Valley.

However, analysts and market watchers have cautioned that only those who can reach low costs of production will be able to compete with the world’s current top lithium producers.

What should investors be watching?

Tesla's supply chain has gotten plenty of focus from the press, but it’s worth remembering that, at least for now, the cathode for Tesla’s batteries is made in Japan. Companies in the country make nickel-cobalt-aluminum (NCA) cathodes for Panasonic (TSE:6752), the maker of battery cells for Tesla.

While Tesla is certainly a major demand driver for the lithium space, Lowry believes that Tesla tends to obscure demand growth in China.

Certainly, China is not only a heavyweight in terms of lithium producers, but is also big for demand as well. The country has had significant growth in cathode going to all segments of the battery market, including consumer electronics, grid storage and transportation applications such as e-bikes and buses.

Don’t forget to follow us @INN_Resource for real-time news updates.

[text_ad]

Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Joe Lowry was employed by FMC from 1989 to 2012. His most recent title was Global Sales and Business Development Director — Lithium.

Nemaska Lithium and Galaxy Resources are clients of the Investing News Network. This article is not paid for content.

This post was originally published by the Investing News Network on May 5 2016.

Graphite Outlook 2016

Graphite Outlook 2016

With the usage of graphite increasing thanks to lithium-ion batteries, which can be used in laptop batteries, electronic devices and electric cars among many other things, some analysts see the graphite space continuing to hold strong.

Bacanora Minerals Provides Update on Sonora Feasibility

Bacanora Minerals (TSXV:BCN) has provided an update on activities being undertaken as part of its definitive feasibility study for the Sonora lithium project.

As quoted in the press release:
The FS is focussed on at delivering the most economically robust development strategy for an initial 17,500 tonne per annum (“tpa”) of lithium

17 Lithium Projects With Resource Estimates

17 Lithium Projects With Resource Estimates

The lithium market is booming, and more and more junior mining companies are jumping into the lithium space. Here’s a list of companies that have completed an Ni 43-101 compliant resource estimate for their projects, or are more advanced.

Lithium Deposits: Pegmatite and Sedimentary

Lithium Deposits: Pegmatite and Sedimentary

Lithium brine deposits have been generating plenty of interest lately, but they’re not the only type of lithium deposit out there. Here’s a look at pegmatite, or ‘hard-rock’ lithium deposits and sedimentary lithium deposits.

lithium brine deposits lithium news FMC Corporation
By Branson Hamilton

Branson Hamilton is chief investment officer and managing director of Calyx Capital Advisors, a full-service wealth management firm that provides comprehensive financial advice and investment management.

Branson’s 30-plus-year career spans from operations, to product invention, to marketing, to business strategy, to company leadership at some of the largest companies in the world, as well as at middle-market and entrepreneurial businesses. He has always been recognized for his knack of discovering opportunities that have produced growth and profits.

Overview

  • A key risk factor for the success of Tesla Motors' (NASDAQ:TSLA) gigafactory is access to sufficient supplies of the key raw material: lithium.
  • Lithium supplies have been tight this year as supply growth barely kept pace with demand.
  • Recent announcements of Tesla's discussions and agreements with mining exploration companies have raised questions regarding the viability of Tesla’s supply strategy.
  • Tesla appears to have a lithium supply dilemma.
  • Interestingly, one possible supplier within 500 miles of the factory with significant capacity to produce lithium has not been mentioned ... yet.

Supplies are tight

During the heyday of mining investment a few years ago, industry analysts projected that lithium production would far outpace demand for the product. That was then, this is now.

Mining investment has cratered in the past several years, limiting supply growth to only those projects that have shown very real potential. Meanwhile, battery production is ramping up, raising demand above past expectations.

Here's a sample of analyst comments from an article reviewing the lithium market in 2015:

  • “A year of tight supply, growing demand and rising prices.”
  • “Only a few years ago you could never have foreseen the issues that the major producers are experiencing in the Atacama and the inability of these companies to feed growing demand.”

Consolidation of suppliers — as well as long-term supply agreements and strategic investments by battery producers, automobile companies and other large users, primarily from China, Korea and Japan — is restructuring the market. In some cases, these changes are clearly making future supply from specific producers unavailable to Tesla.

Some recent examples of industry changes:

  • In 2015, Albemarle (NYSE:ALB) acquired Rockwood Lithium, securing sources in Argentina, Nevada and Australia to become the largest supplier of lithium.
  • In July, Jiangxi Ganfeng Lithium (SZSE:002460), China’s second-largest battery maker, agreed to buy 100 percent of the spodumene (lithium-containing rock) produced at Reed Industrial Minerals’ Mt Marion lithium project in Western Australia. The company also received options to buy up to 17.5 percent of Reed.
  • Toyota (NYSE:TM) is a partner in Orocobre's (TSX:ORL,ASX:ORE) project at the Salar de Salines Grandes in Argentina, which has recently begun production of lithium.

[text_ad]

Tesla agreements with exploration companies

Recent articles have reported Tesla’s pursuit of exploration partners and supply agreements with sponsors of yet-to-be proven supply sources. While that displays a view toward the future, history has shown that the success rate of new mine proposals at the stage of these ventures is similar to Silicon Valley ventures — most don’t succeed.

Recent announcements:

  • Reuters reported that Tesla has met with government authorities in Chile to discuss a lithium venture with state copper miner Codelco. Codelco currently has no lithium assets, no specific exploration plans disclosed and has stated that no agreement has been reached. Editor's note: Codelco holds several lithium concessions in the Salar de Maricunga. As an April article from Mineria Chilena notes (in Spanish), efforts to develop the concessions have so far fallen flat as the state miner has kept its focus on copper. However, Mineria Chilena also stated that Codelco was approached by Li3 Energy (OTCMKTS:LIEG) regarding a potential partnership earlier this year.
  • Bacanora Minerals (TSXV:BCN,LSE:BCN) and joint venture partner Rare Earth Minerals (LSE:REM) announced in August a conditional lithium hydroxide supply agreement to supply Tesla from their lithium-bearing clay deposit in Sonora, Mexico. Viability of this project has yet to be determined.
  • Pure Energy Minerals (TSXV:PE,OTC:HMGLF ) announced in September that it has signed a conditional lithium supply agreement with Tesla to potentially supply lithium hydroxide from its Clayton Valley project in Southern Nevada, a project whose viability has yet to be determined.

Tesla gigafactory risk: Access to lithium supply

Clearly, access to the basic building block of lithium-ion batteries is critical to Tesla’s vision of success for the gigafactory. These exploration and prefeasibility plays bet on a possible future that depends on many things going right. Chris Berry of the Disruptive Discoveries Journal has called these deals an “out of the money call option.”

What these projects lack is a strategy to create supply security. Even if one of these exploration ventures were to become a viable supplier, the process of getting from a concept to a producing mining facility will take many years.

So, why would Tesla pursue these long-term, low-probability bets for possible future supply of the core material for its flagship factory when what it needs is access to near-term supply? The thought is echoed by industry advisor Joe Lowry in an article from November 4 — he states, “[t]he REAL risk they are taking by not aligning with major suppliers is that they could find themselves without adequate lithium at a critical time in their growth (late 2017 or 2018).”

Perhaps the answer is that Tesla can’t negotiate reasonable terms with the major suppliers.

Why?

To begin, Tesla doesn’t buy lithium; it isn't even in the market today. Tesla buys batteries from Panasonic (OTCMKTS:PCRFY) for the automobiles it produces. And while the gigafactory has been hyped for a couple of years now, it won’t be in production until 2017 ... or later. Only at that point will Tesla begin to be a customer for lithium.

And then, even though the factory is “giga,” the amount of lithium required will not make it a 500-pound gorilla in the lithium market. Lowry comments in a November 8 article, “[e]ven if Tesla produces 300,000 vehicles by 2020, the total amount of lithium required for their batteries will still be under 8% of the growing world market. Tesla is significant but not of a size where they can dictate terms to the limited world of lithium suppliers.”

Given the state of the lithium market and the proliferation of electric vehicles, why would any large supplier limit its options by signing an agreement with a company that is not yet in business in a supply marketplace where the future customer set is so unknown? Porsche (ETR:PAH3) has said that it will invest a billion euros to bring its first all-electric car to the market. Who’s next?

Tesla’s dilemma

Tesla will need access to lithium to fulfill its vision for the gigafactory. Its current actions of aligning with exploration ventures will not provide it with secure supply soon. It does not have the clout in the lithium market to negotiate strong deals with major suppliers.

So what is Tesla to do?

It needs to find tangible sources of supply that fit with its location and needs. One suggestion is to look at smaller suppliers or new supply sites that are potentially within two to three years of production.

[text_ad]

A solution less than 500 miles away?

Interestingly, there is a source of lithium right in Tesla’s backyard that could be brought online closer to the same timeframe as the gigafactory. It also has more lithium than it will require given the current ramp up of car sales.

Apparently little attention has been paid to a project that is much further along in development than the speculative bets described above, is less than 500 miles from Tesla’s Nevada facility and whose process captures significant amounts of lithium in high concentrations.

If you leave Tesla’s facility headed east on US Highway 6 and drive into Utah, you will pass right by the Sevier dry lake, a brine lake that contains a range of minerals, including lithium. Crystal Peak Minerals (TVXV:CPM,OTCQX:CPMMF) is in the development stage with its project. It is targeting production of potassium sulfate, a specialty fertilizer with strong and growing demand, using solar evaporation of the lake brine. The company also intends to produce other minerals, including lithium.

High concentration of lithium

The brine of the Sevier Playa (dry lake) contains lithium, according to Crystal Peak's prefeasibility study. While the report focuses on potassium sulfate production, it indicates that there will be significant amounts of lithium in the highly concentrated solution that remains after extracting the potassium sulfate.

The process used to extract potassium sulfate uses solar evaporation to concentrate the minerals in the brine. When the brine is sufficiently concentrated, potassium sulfate precipitates out of the brine as a crystal. The remaining liquor is pumped to a separate pond. In testing, engineers found 1.92 grams per liter of lithium, a very high concentration, in this liquor. Thus, unlike typical lithium brine projects that require substantial engineering to get brine concentrated enough to begin chemical extraction, this liquor is already concentrated and in a pond ready for further processing.

The report further notes that the lithium can be extracted from the solution by one of several chemical processes. Sociedad Quimica y Minera de Chile (NYSE:SQM) also produces potassium sulfate and lithium from a brine playa in the mountains of Chile. Processes for extracting the lithium are well known, and include ion-exchange resin, solvent extraction and membrane processing, as noted in the prefeasibility study.

Moving forward, Crystal Peak will continue to evaluate its options for lithium extraction from the Sevier Playa to determine whether it can be incorporated into its flow sheet. A feasibility study for the project is expected to be complete in 2016.

Project already in development stage

The Sevier Playa is 125,000 square miles in size and contains an array of minerals in its dense brine. By comparison, the brine lake that is the basis for Pure Energy’s project noted above is only 8,000 acres in size.

The Crystal Peak prefeasibility study shows strong economics for producing potassium sulfate. This is the intended primary product of the company; it has sufficient equity funding to develop the project, and it expects to be in production in 2019. Thus, the project is fully in the development stage, unlike the exploratory ventures for which Tesla has made agreements.

Crystal Peak is completing its engineering work in preparation for final permitting and initiation of the construction phase of the project. Included in this work will be its plan for processing lithium. As a by-product of the primary product delivered from the Sevier Lake, adding lithium production will be less costly from both a capital and operating perspective than building out a facility from scratch (as is being proposed by those only focused on lithium).

[text_ad]

Significant tonnage of lithium

The engineers conducting the study calculated that the amount of lithium in annual production equates to over 6,799 tonnes per year of lithium carbonate equivalent. The amount of lithium present in this concentrated liquor is substantial.

The sellable output quantity of lithium depends on the efficiency of the chemical process used. For example, process testing at other brine sites by Tenova Bateman Technologies indicates the possibility of up to 99-percent capture of lithium from less concentrated brine. The author chooses to use a more conservative 60-percent capture rate for sizing of the output. At a 60-percent capture rate the resulting marketable output would be 4,080 tonnes of lithium carbonate annually.

Why it matters

To put 4,080 tonnes in perspective, the total global production of lithium in 2014 was approximately 37,000 tonnes. Analyst estimates for 2015 are for 9 percent more production, for an estimated total of 40,000 tonnes. Thus, 4,080 tonnes is approximately 10 percent of current global production of lithium. It is also well above the tonnage of lithium used in batteries for Tesla automobiles at a production level of 50,000 vehicles this year.

Tesla’s opportunity

Lakes, clays and rocks containing lithium are being explored and tested for feasibility on every continent. Perhaps there are other projects that Tesla could consider that are firmly in the development stage and do not currently have a strategic customer as an investment partner.

Maybe Tesla doesn’t know that this possibility exists. It’s true for many of us that we don’t know what our neighbors do for a living. However, this opportunity looks like a “no brainer.” It is in development. It has all equity financing needed (the rest may be financed through debt). It is very close to the Tesla factory, and with the capacity to make a real difference.

I’d suggest that Tesla work with its backyard neighbor in Utah before one of its competitors captures this significant resource.

 

 

Securities Disclosure: The author, Branson Hamilton, will not initiate investments in any of the companies mentioned within 72 hours of the article’s publication. He is not paid by any company mentioned in this article, nor does he have any financial relationship with them. 

The information in this article came from public sources. The author contacted Crystal Peak Minerals and was informed that agreements and restrictions by regulators prohibit the company from commenting or providing information beyond what is in publicly available documents. This material is for informational purposes only and should not be used as the sole source for investment decisions. The views and conclusions are those of the author and not necessarily of the firm in which he is a principal.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in this article. The opinions expressed in this article do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Enter Your Log In Credentials
×

Privacy & Legal Policy

This website is part of the Investing News Network published by Dig Media Inc.

Overview

INN's mission is to be the world's number one source of independent, unbiased news and education helping investors realized their financial goals. We also strive to be internationally respected for our integrity, our people and our commitment to excellence. Therefore, we are very concerned with the privacy rights of our audience and are committed to protecting the information collected about you.We have taken extensive measures to protect the confidentiality of your personal information and to protect your data from misuse and unauthorized access or disclosure. Unfortunately, no data transmission over the Internet can be guaranteed to be 100% secure. As a result, Dig Media cannot ensure or warrant the security of the information you transmit to us and you do so at your own risk.

Contact Information

Our postal address is

L200 - 560 Beatty Street,

Vancouver, BC V6B 2L3

We can be reached via e-mail at info@digmediasolutions.com or telephone at +1-604-688-8231

Information Collected

For each visitor to our website, our web server automatically recognizes no information regarding the domain or e-mail address.

We collect information volunteered by the visitor, such as survey information and/or site registrations, name and address, telephone number.

The information we collect is used to notify visitors about updates to our website, shared with other reputable organizations to help them contact visitors for marketing purposes.

With respect to cookies: When you visit our websites, we send one or more cookies, a small file containing a string of characters, to your computer that uniquely identifies your browser during your visit. We use these cookies to maintain your connection as you move from page to page, and to ensure anything you submit, such as a comment or a form, is not rejected. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some website features or services may not function properly without cookies.

If you do not want to receive e-mail from us in the future, please let us know by sending us e-mail at the above address.

Persons who supply us with their telephone numbers on-line may receive telephone contact from us with information regarding new products and services or upcoming events. If you do not wish to receive such telephone calls, please let us know by sending us e-mail at the above address.

Ad Server

With respect to Ad Servers:

Other third-party companies which place advertising on our site may collect information about you when you view or click on their advertising through the use of their cookies or other tracking technologies, which may include delivering targeted advertisements and marketing messages based upon the third party websites that you visit, or other purposes. We cannot control this collection of information and are not responsible for the privacy policies and data collection, use and disclosure practices of these third party advertisers. You should contact these third party advertisers directly if you have any questions about their use of the information that they collect from you. Google-DoubleClick DFP is our third party ad server. If you would like to know more about their information gathering practices and opt-out procedures, please see Google ad policies.

Also, if you would like more information about this practice and to know your choices about not having this information used by these companies, please see NAI Opt-out Options.

Information Use

We only share personal information with other companies or individuals outside of the cases outlined above in the following limited circumstances:

We may share with third parties certain pieces of aggregated, non-personal information, such as the number of users who searched for a particular term, for example, or how many users clicked on a particular advertisement. Such information does not identify you individually.

Remarketing

We may remarket your information. Remarketing is a way for us to connect with users, based upon your past interactions with INN websites. Third-party marketing vendors may be hired by INN to perform remarketing services. As a result, third-party vendors, including Google, may show INN ads on sites on the internet. Third-party vendors, including Google, use cookies to serve ads based on a user's prior visits to INN websites.

To opt out of customized Google Display Network ads click here. To find out more about how Google uses any data it collects please visit http://www.google.com/privacy_ads.html.
Any information collected is used only for remarketing purposes and will not be used by them for any other purpose.

Future Use

From time to time, we may use visitor information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our website to notify you of these changes and provide you with the ability to opt out of these new uses. If you are concerned about how your information is used, you should check back at our website periodically.

Accessing Your Data

Please contact us at the address above for any additional questions about the management or use of personal data.

Upon request we provide site visitors with access to communications that the visitor has directed to our site (e.g., e-mails, customer inquiries), contact information (e.g., name, address, phone number) that we maintain about them.

Visitors can access this information by e-mailing us at the above address.

Upon request we offer visitors the ability to have inaccuracies corrected in contact information.

Visitors can have this information corrected by sending us e-mail at the above address.

Security

With respect to security: We have appropriate security measures in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.

Your Acceptance of These Terms

By using this site, or by submitting personal information to us, you signify your agreement to Dig Media's Privacy Policy and Terms of Use. From time to time we may change or update our piracy policies. It is your responsibility to check back regularly to inform yourself of such changes. Your continued use of this or any Dig Media website following the posting of changes to these terms will be deemed as your acceptance of those changes.

The foregoing policies are in effect as of August 1, 2012. Dig media reserves the right to change this policy statement at any time by posting the revised policy to this website. This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number.

×
Investing News Network