Appalachian coking coal is proving ever more irresistible to the international steel industry.
Luxembourg-based ArcelorMittal, the world’s largest steelmaker, has agreed to buy its second Appalachian coal company in a month.
ArcelorMittal’s latest acquisition target, West Virginia’s Concept Group, owns some 57 million tons of reserves in the state. And those reserves, which produced some 800,000 tons of coal destined for coke furnaces and ultimately integrated steel mills, are located next door to Mid Vol Coal Group and its 85 million tons of coking reserves, which ArcelorMittal bought last month. Mid Vol produced 1.5 million tons of coal from West Virginia and Virginia mines last year.
“With raw material costs continuing to soar, increasing our upstream self sufficiency in primary raw materials is a critical component of ArcelorMittal’s growth strategy,” executive Sudhir Maheshwari said in a statement. “Concept’s proximity to Mid Vol’s operations means we can draw on the strengths of both companies to increase their combined production capacity.”
The price of U.S. coal used to make the coke that fuels the blast furnaces can go for as much as $250 a ton. Just last year, the cost was closer to $90.
Steelmakers already face pressure from customers — manufacturers that make everything from automobiles and aircraft to washing machines and refrigerators. Steel producers are doing everything they can to control soaring prices for iron ore, metallurgical coal and scrap steel.
The deal ArcelorMittal announced Monday is but the latest in a growing number of coal acquisitions by the steel industry, which increasingly sees owning its own sources of coal as critical to controlling soaring costs for scrap metal, fuel and other essentials.
ArcelorMittal recently upped its stake in Australia’s Macarthur Coal. Iron ore miner Cleveland-Cliffs picked off a smaller West Virginia and Alabama operator a year ago and just last week boldly bid nearly $10 billion for Abingdon, Va.-based Alpha Natural Resources. That deal gives Cleveland-Cliffs potential access to vast supplies of coking, or metalurgical-grade, coal across parts of West Virginia, Virginia, Kentucky and Pennsylvania.
International mining conglomerate BHP Billiton Ltd. is attempting a $170 billion takeover of rival London-based Rio Tinto Inc. and Korean steel giant Posco has bought 10 percent of Macarthur Coal. Russian steelmaker OAO Severstal is openly shopping for coal mines.
FIND MORE :
· Russia’s Leading Uranium Miner To Set Up JV With France’s Areva
· Mine Drilling Project Raytec’s Athabasca Uranium Projects
· Uranium Mine Exploration, Kazakhstan Targets Top Spot in Uranium Production
· Coal Mine Exploration Accident in China, 56 Trapped In Coal Mine
· Coal Mine and Steelmaker Industry Expand, Arcelormittal Agreed To Buy Second Appalachian Coal Company
Showing posts with label Companies. Show all posts
Showing posts with label Companies. Show all posts
Friday, August 8, 2008
Thursday, August 7, 2008
Offshore Companies-Offshore Legal Adds Panama Offshore Company Search
Offshore Legal has recently expanded its online services to include a Panama Offshore Company search tool that has been integrated directly into their website. OffshoreLegal.org visitors will now be able to utilize a live search tool to see if their preferred offshore corporation name is available.
Panama City, Panama, February 21, 2008 –(PR.com)– OffshoreLegal.org is a leading law firm approved in the Republic of Panama that provides professional asset protection, offshore banking and offshore company formation services.Offshore Legal has recently expanded it’s on-line services to include a Panama Offshore IBC search tool that has been integrated directly into their internet website. OffshoreLegal.org visitors will now be able to utilize a live search tool to see if their preferred offshore IBC name is available.
User’s who find that their Panama offshore company name is available are able to reserve and register this name through OffshoreLegal in a matter of minutes taking advantage of this on - line tool.
Instead of waiting days or weeks to register a Panama corporation, users will now have an instant answer as to whether their preferred name choice is available with the where-with-all to register and reserve this name at the same time.
Offshore companies domiciled in Panama are the most secret and secure on the planet. A Panama offshore corporation can be confirmed in bearer share incorporate allowing for the easy transference of ownership as well as the enhanced privacy benefits of anonymous registration through the use of nominee directors.
Offshore IBCs that are formed via OffshoreLegal come complete with everything that is needed to register and operate a Panama company in good standing with no hidden fees or extra costs.
This complete fee includes; resident agent, registration expenses, power of attorney, 3 nominee directors with resignation letters, annual tax, register Book, corporate resolution, share certificates, translation, moving of subscription, articles of incorporation and professional attorney services covered by attorney - client privilege.
OffshoreLegal.org also has an online Panama Foundation search tool which was launched in conjunction with the Panama Offshore Corporation search tool.
Foundations offer an amount of of prestige and security that is not available when using a Panama corporation alone. For best asset protection register a Panama foundation to own a Panama IBC.
Panama has a well earned reputation for bullet proof banking secrecy laws punishable via fines and imprisonment. Registering an offshore company in Panama is currently the most private option available today.
###
Contact Information
Panama Offshore Legal
Mitch Lawrence
+(507) 6-757-4880
offshorelegal@hush.com
www.offshorelegal.org
Panama City, Panama, February 21, 2008 –(PR.com)– OffshoreLegal.org is a leading law firm approved in the Republic of Panama that provides professional asset protection, offshore banking and offshore company formation services.Offshore Legal has recently expanded it’s on-line services to include a Panama Offshore IBC search tool that has been integrated directly into their internet website. OffshoreLegal.org visitors will now be able to utilize a live search tool to see if their preferred offshore IBC name is available.
User’s who find that their Panama offshore company name is available are able to reserve and register this name through OffshoreLegal in a matter of minutes taking advantage of this on - line tool.
Instead of waiting days or weeks to register a Panama corporation, users will now have an instant answer as to whether their preferred name choice is available with the where-with-all to register and reserve this name at the same time.
Offshore companies domiciled in Panama are the most secret and secure on the planet. A Panama offshore corporation can be confirmed in bearer share incorporate allowing for the easy transference of ownership as well as the enhanced privacy benefits of anonymous registration through the use of nominee directors.
Offshore IBCs that are formed via OffshoreLegal come complete with everything that is needed to register and operate a Panama company in good standing with no hidden fees or extra costs.
This complete fee includes; resident agent, registration expenses, power of attorney, 3 nominee directors with resignation letters, annual tax, register Book, corporate resolution, share certificates, translation, moving of subscription, articles of incorporation and professional attorney services covered by attorney - client privilege.
OffshoreLegal.org also has an online Panama Foundation search tool which was launched in conjunction with the Panama Offshore Corporation search tool.
Foundations offer an amount of of prestige and security that is not available when using a Panama corporation alone. For best asset protection register a Panama foundation to own a Panama IBC.
Panama has a well earned reputation for bullet proof banking secrecy laws punishable via fines and imprisonment. Registering an offshore company in Panama is currently the most private option available today.
###
Contact Information
Panama Offshore Legal
Mitch Lawrence
+(507) 6-757-4880
offshorelegal@hush.com
www.offshorelegal.org
Offshore Companies-Offshore industry has more to do says HSE
A three year investigation and the inspection of nearly 100 offshore installations has resulted in the offshore industry receiving a stark warning from the Health and Safety Executive (HSE). The sector was told that while significant improvements had been made “more must be done!”
The stark message came at the launch of the KP3 report - a major investigation carriedOffshore Division out by the HSE’s Aberdeen based into the safety and integrity of offshore installations and the equipment on them.
Speaking at the launch of the KP3 report, Health and Safety Commission Chair, Judith Hackitt said:
“The KP3 report is an incredibly thorough investigation into the integrity of the assets in the offshore industry and was wide ranging in its scope. Whilst the sector has co-operated fully with us over the last three years, there can be no mistaking our message to those in the board rooms of the oil and gas offshore companies – there is still much more to do and those in a position of leadership must ensure that systems, procedures and best practice is adopted to achieve the goal of the UK continental shelf becoming the safest offshore sector by 2010.
“The report highlights a number of examples of good practice, but there is still a need for better learning and sharing. There were wide variations in performance across the sector and within companies.
“In the light of the findings from the KP3 report, asset integrity will continue to be one of the main priorities for HSE’s Offshore Division in 2008 and for the forseeable future, but it must also be clear that it is for the industry itself to show leadership and face up to its responsibility.”
Ian Whewell, Head of HSE’s Offshore Division added:
“To prevent major accidents it is vital that companies have effective process safety systems to ensure plant and equipment is properly maintained and working as intended. Our advice to the industry is clear – when looking at and testing systems and procedures on installations, companies must take an holistic approach and ensure that all those parts that need to work together to prevent a major incident do precisely that. This naturally applies to those parts of the process that are safety critical - but that does not mean that things that are not classified as safety critical should be ignored. In a major accident, degraded non safety critical plant or utility systems could seriously impact on the performance of safety critical plant.”
“The report identified that significant improvements in the sector could be achieved without major capital expenditure but through better planning, improved training and clear statements of performance standards in testing and maintenance routines.
“The advantages of better safety in the sector are obvious. However, ensuring the offshore infrastructure is well maintained also makes good business sense as its not just the industry that benefits – the whole economy benefits and it will help ensure that there is a long term sustainable future for the offshore industry.”
The KP3 investigation involved targeted inspections of nearly 100 offshore installations of all types, including fixed, manned and normally unattended isntallations, floating production, floating production storage and offloading vessels and mobile drilling rigs.
Many senior managers are not making adequate use of integrity management data and are not giving ongoing maintenance sufficient priority;
The role of asset integrity and concept of barriers in major hazard risk control is not well understood.
Companies need better key indicators of performance available at the most senior management levels to inform decision-making and to focus resources. Many management-monitoring systems tend to be overly biased to occupational risk data at the expense of major hazard precursors.
Evidence of a decline in integrity performance which may hamper future field development and long term sustainability, with an adverse impact on morale in the workforce.
Notes to editors
Judith Hackitt, Chair of the Health and Safety Commission and Ian Whewell, Head of the Offshore Division are available for interview.
A copy of the report is available on the HSE website on http://www.hse.gov.uk/offshore/programme.htm
Asset Integrity can be defined as the ability of an asset to perform its required function effectively and efficiently whilst protecting health, safety and the environment. Asset integrity management is the means of ensuring that the people, systems, processes and resources that deliver integrity, are in place, in use and will perform when required over the whole lifecycle of the asset.
Essential for the integrity of any installation are the Safety Critical Elements (SCE’s)These are the parts of an installation and its plant (including computer programmes) whose purpose is to prevent, control or mitigate Major Accident Hazards (MAH) and the failure of which could cause or contribute substantially to a major accident. KP3 focused primarily on the maintenance management of SCEs i.e. the management systems and processes which should ensure that SCEs would be available when required.
Leadership among Chief Executives in the major hazard sector is a key theme for HSE next year. As a result, HSE will be inviting personally 250 senior managers and other industry, regulatory, trade union and government leaders to discuss how top level commitment and leadership is essential in securing the strong, positive safety culture so important if major incidents are to be avoided. The conference is being held at the QEII Conference Centre in London on 29 April 2008.”
Press enquiries
Ruchi Shah-Mehta 020 7717 6455
Out of hours 020 7928 8382
Public enquiries
HSE’s InfoLine 0845 3450055
Caerphilly Business Park, Caerphilly CF83 3GG
HSE information and news releases can be accessed on the Internet www.hse.gov.uk
The stark message came at the launch of the KP3 report - a major investigation carriedOffshore Division out by the HSE’s Aberdeen based into the safety and integrity of offshore installations and the equipment on them.
Speaking at the launch of the KP3 report, Health and Safety Commission Chair, Judith Hackitt said:
“The KP3 report is an incredibly thorough investigation into the integrity of the assets in the offshore industry and was wide ranging in its scope. Whilst the sector has co-operated fully with us over the last three years, there can be no mistaking our message to those in the board rooms of the oil and gas offshore companies – there is still much more to do and those in a position of leadership must ensure that systems, procedures and best practice is adopted to achieve the goal of the UK continental shelf becoming the safest offshore sector by 2010.
“The report highlights a number of examples of good practice, but there is still a need for better learning and sharing. There were wide variations in performance across the sector and within companies.
“In the light of the findings from the KP3 report, asset integrity will continue to be one of the main priorities for HSE’s Offshore Division in 2008 and for the forseeable future, but it must also be clear that it is for the industry itself to show leadership and face up to its responsibility.”
Ian Whewell, Head of HSE’s Offshore Division added:
“To prevent major accidents it is vital that companies have effective process safety systems to ensure plant and equipment is properly maintained and working as intended. Our advice to the industry is clear – when looking at and testing systems and procedures on installations, companies must take an holistic approach and ensure that all those parts that need to work together to prevent a major incident do precisely that. This naturally applies to those parts of the process that are safety critical - but that does not mean that things that are not classified as safety critical should be ignored. In a major accident, degraded non safety critical plant or utility systems could seriously impact on the performance of safety critical plant.”
“The report identified that significant improvements in the sector could be achieved without major capital expenditure but through better planning, improved training and clear statements of performance standards in testing and maintenance routines.
“The advantages of better safety in the sector are obvious. However, ensuring the offshore infrastructure is well maintained also makes good business sense as its not just the industry that benefits – the whole economy benefits and it will help ensure that there is a long term sustainable future for the offshore industry.”
The KP3 investigation involved targeted inspections of nearly 100 offshore installations of all types, including fixed, manned and normally unattended isntallations, floating production, floating production storage and offloading vessels and mobile drilling rigs.
Many senior managers are not making adequate use of integrity management data and are not giving ongoing maintenance sufficient priority;
The role of asset integrity and concept of barriers in major hazard risk control is not well understood.
Companies need better key indicators of performance available at the most senior management levels to inform decision-making and to focus resources. Many management-monitoring systems tend to be overly biased to occupational risk data at the expense of major hazard precursors.
Evidence of a decline in integrity performance which may hamper future field development and long term sustainability, with an adverse impact on morale in the workforce.
Notes to editors
Judith Hackitt, Chair of the Health and Safety Commission and Ian Whewell, Head of the Offshore Division are available for interview.
A copy of the report is available on the HSE website on http://www.hse.gov.uk/offshore/programme.htm
Asset Integrity can be defined as the ability of an asset to perform its required function effectively and efficiently whilst protecting health, safety and the environment. Asset integrity management is the means of ensuring that the people, systems, processes and resources that deliver integrity, are in place, in use and will perform when required over the whole lifecycle of the asset.
Essential for the integrity of any installation are the Safety Critical Elements (SCE’s)These are the parts of an installation and its plant (including computer programmes) whose purpose is to prevent, control or mitigate Major Accident Hazards (MAH) and the failure of which could cause or contribute substantially to a major accident. KP3 focused primarily on the maintenance management of SCEs i.e. the management systems and processes which should ensure that SCEs would be available when required.
Leadership among Chief Executives in the major hazard sector is a key theme for HSE next year. As a result, HSE will be inviting personally 250 senior managers and other industry, regulatory, trade union and government leaders to discuss how top level commitment and leadership is essential in securing the strong, positive safety culture so important if major incidents are to be avoided. The conference is being held at the QEII Conference Centre in London on 29 April 2008.”
Press enquiries
Ruchi Shah-Mehta 020 7717 6455
Out of hours 020 7928 8382
Public enquiries
HSE’s InfoLine 0845 3450055
Caerphilly Business Park, Caerphilly CF83 3GG
HSE information and news releases can be accessed on the Internet www.hse.gov.uk
Mining News-‘Mining For Money’ At The InvestorIdeas.com Online Mining And Resource Investor Conference Starting September 19th
Online Audio Event to Showcase Top Industry Experts Peter Grandich, Lawrence Roulston and Kitco’s Jon Nadler Discussing Investment Opportunities within the Resource Sector
(1888PressRelease) August 08, 2007 - POINT ROBERTS, WA and DELTA, BC – www.InvestorIdeas.com, and its mining portals update the list of participants for the upcoming online mining & resource conference taking place on September 19th. This popular online event provides investors with free registration and an educational experience to better understand trends and movements with the resource sector. Participating industry experts and public companies will discuss trends and market opportunities to include gold, silver, copper, uranium, diamonds and other key segments within the resource sector.
The format for the online conference will consist of audio and visual presentations averaging 15-20 minutes in length. Investors can register at: http://www.investorideas.com/forums/Register.aspx
Current Conference Participants Include:
• Martha Buckwalter-Davis, Research Associate - Mining & Energy, Fundamental Research Corp. www.researchfrc.com
• Peter Grandich, Founder, Grandich Publications, LLC www.Grandich.com
• Jon Nadler, Senior Analyst, Kitco Inc. www.Kitco.com
• Lawrence Roulston, Resource Opportunities www.resourceopportunities.com
• Nayarit Gold Inc.(TSX.V: NYG) is a Canadian gold and silver exploration company formed in May, 2005. The Company controls over 102,000 hectares of mining concessions in the State of Nayarit, Mexico. Nayarit Gold Inc.’s management team consists of highly experienced mining and financial professionals. The Company is focused on its 7,000 metre Phase One drill program, and will apply a systematic drill program to its high quality asset. Management’s strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties in the State of Nayarit, Mexico. The Company is committed to working with the government and people of Mexico to achieve a modern and sustainable mining region. The Company follows best practices in health and safety, environmental and community engagement. www.nayaritgold.com
To learn more about the upcoming Mining and Resource Conference visit:
http://www.investorideas.com/forums/Portals/resources2.aspx
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and Podcasts, investor conferences, Blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research:
http://www.gold-miningstocks.com/NewsUploader/Submission.aspx
Conference Disclaimer: InvestorIdeas.com is paid a one-time fee of $1000, by participating public companies (groups of multiple presenters may be discounted). All descriptions are provided by participants. All companies agree to adhere to regulatory policies.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Investorideas.com is compensated by featured companies, news submissions and online advertising
www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information on Participating in this Upcoming Online Conference Please Contact:
Dawn Van Zant: 800-665-0411 - dvanzant ( @ ) investorideas dot com
Ann-Marie Fleming: 866-725-2554 - afleming ( @ ) investorideas dot com
Source: InvestorIdeas.com
(1888PressRelease) August 08, 2007 - POINT ROBERTS, WA and DELTA, BC – www.InvestorIdeas.com, and its mining portals update the list of participants for the upcoming online mining & resource conference taking place on September 19th. This popular online event provides investors with free registration and an educational experience to better understand trends and movements with the resource sector. Participating industry experts and public companies will discuss trends and market opportunities to include gold, silver, copper, uranium, diamonds and other key segments within the resource sector.
The format for the online conference will consist of audio and visual presentations averaging 15-20 minutes in length. Investors can register at: http://www.investorideas.com/forums/Register.aspx
Current Conference Participants Include:
• Martha Buckwalter-Davis, Research Associate - Mining & Energy, Fundamental Research Corp. www.researchfrc.com
• Peter Grandich, Founder, Grandich Publications, LLC www.Grandich.com
• Jon Nadler, Senior Analyst, Kitco Inc. www.Kitco.com
• Lawrence Roulston, Resource Opportunities www.resourceopportunities.com
• Nayarit Gold Inc.(TSX.V: NYG) is a Canadian gold and silver exploration company formed in May, 2005. The Company controls over 102,000 hectares of mining concessions in the State of Nayarit, Mexico. Nayarit Gold Inc.’s management team consists of highly experienced mining and financial professionals. The Company is focused on its 7,000 metre Phase One drill program, and will apply a systematic drill program to its high quality asset. Management’s strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties in the State of Nayarit, Mexico. The Company is committed to working with the government and people of Mexico to achieve a modern and sustainable mining region. The Company follows best practices in health and safety, environmental and community engagement. www.nayaritgold.com
To learn more about the upcoming Mining and Resource Conference visit:
http://www.investorideas.com/forums/Portals/resources2.aspx
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and Podcasts, investor conferences, Blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research:
http://www.gold-miningstocks.com/NewsUploader/Submission.aspx
Conference Disclaimer: InvestorIdeas.com is paid a one-time fee of $1000, by participating public companies (groups of multiple presenters may be discounted). All descriptions are provided by participants. All companies agree to adhere to regulatory policies.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Investorideas.com is compensated by featured companies, news submissions and online advertising
www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information on Participating in this Upcoming Online Conference Please Contact:
Dawn Van Zant: 800-665-0411 - dvanzant ( @ ) investorideas dot com
Ann-Marie Fleming: 866-725-2554 - afleming ( @ ) investorideas dot com
Source: InvestorIdeas.com
Mining News-Gemini Explorations, Inc. Updates Overview Of La Planada Gold Project
Gold Trading at $735/oz. Presents Potential $2,310,000,000 World Class Gold Deposit
Miami, FL (1888PressRelease) September 25, 2007 - Gemini Explorations, Inc (”Gemini”) (OTC BB:GXPI.OB - News) is pleased to release an updated overview of its wholly owned La Planada Gold Project as prepared by Carlos Alberto Vera, Chief Geologist of Minera Primecap Geological Services. The detailed update below supports that over 3,150,000 troy ounces of gold or a gross deposit value of approximately $2,310,000,000 with gold presently trading at $735 per ounce are possible from the La Planada Project.
The La Planada property is located in the municipality of Sotomayor, department of the Nariño, in south western Colombia. Access to the property is approximately 80 km from Pasto, the capital city of the Nariño department, by open road. The project has an exploitation (mining) license (#17486) for a period of 10 years and is renewable for an additional 10 years.
La Planada property is composed of Dagua Group Upper Cretaceous quartzites and siliceous siltstones intruded by a granodiorite plug. Surface exposure is excellent and there were numerous workings at various elevations that can be roughly traced from one elevation to another. The width of the zone (i.e. within the property boundaries) appears much greater than other surrounding properties. There are at least 3 different crosscutting vein sets. The principal vein ranges between 0.4 m and 2.0 m in width. Other veins range between 3 and 20 cm (or more) in width. All carry some sulphides, and free gold was seen in both quartz and with the sulphides. Disseminated sulphides were seen in the host rock sediments, and these will probably contain low-grade gold values, although these have yet to be lab verified. Samples should be taken from two newly reported workings, and of mixed vein and host rock material and it is anticipated that there will be good values gotten from the vein and sulphide material. Panned concentrates from both vein material and tailings showed fine to medium gold.
Assuming the average grade across host rock and vein material on La Planada produces a grade similar to that of surrounding properties there is every reason to think that the deposit could be processed by bulk mining of the entire zone. The ore would be processed using the same method, and probably the same plant, as that proposed for surrounding properties.
The entire La Planada property has excellent rock exposure. The surface could be stripped and then, samples could be taken in vertical channels across both vein and host rock. A series of small drill pads would have to be prepared on the surface of the deposit. They would be collared at 50 m intervals along that line. As drilling progressed more of that face would have to be cleared of vegetation and levelled and a parallel series of pads would have to be built 50 m on either side of the original line of holes. This work will require some blasting of rock to produce those pads. Vertical reverse circulation holes would be drilled from these pads, with holes ranging up to 200 m in depth (if capable) at highest elevation and 100 m in depth at lowest elevation, for a total depth of this first phase of drilling of roughly 1000 m. Dependent on recovery of material, samples would be taken every 2 to 5 m down each hole. Samples would be analyzed for gold by Fire Assay, with A.A. or gravimetric finish. This work will allow an estimate of grade and tonnage for La Planada Project.
Most of the gold is fine. Upon completion of at least an initial round of drilling and assuming favourable results for grade of material, a bench test would be required to determine fineness of the gold, amount of sulphides and what metals are present, and from that what type of processing plant would give the best gold recovery. If there is sufficient coarse gold, a coarse gold circuit (e.g. a vibrating table) would probably be set up. If there is significant gold carried on the surface of sulphides then a sulphide floatation circuit would also be required. However, the bulk of the gold is fine and low grade (1.5 to 4 g/tonne) and is expected to be recovered with a large heap leach pad. Assuming the average grade of 1.5 to 4g/tonne and that sampling to date confirms continuity of mineralization to a depth of 200m, then the entire block could be mined and processed. A block 200 m deep X 300m wide X 400 m long, with an average density of 2.45g/cc would produce 59 millions tonnes of ore with a cut-off grade of 1.5g/tonne gold. That translates to over 3,150,000 troy ounces of gold or a gross deposit value of approximately $2,310,000,000 with gold presently trading at $735 per ounce.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that although Gemini Explorations, Inc believes the La Planada Gold Project has promising potential, the property is in the early stages of exploration. The project has yet to be shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on the property, or that, if identified, mineralization may be economically extracted. Minera Primecap Geological Services does not accept responsibility for the use of project data or in the adequacy or accuracy of this release.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2005 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Miami, FL (1888PressRelease) September 25, 2007 - Gemini Explorations, Inc (”Gemini”) (OTC BB:GXPI.OB - News) is pleased to release an updated overview of its wholly owned La Planada Gold Project as prepared by Carlos Alberto Vera, Chief Geologist of Minera Primecap Geological Services. The detailed update below supports that over 3,150,000 troy ounces of gold or a gross deposit value of approximately $2,310,000,000 with gold presently trading at $735 per ounce are possible from the La Planada Project.
The La Planada property is located in the municipality of Sotomayor, department of the Nariño, in south western Colombia. Access to the property is approximately 80 km from Pasto, the capital city of the Nariño department, by open road. The project has an exploitation (mining) license (#17486) for a period of 10 years and is renewable for an additional 10 years.
La Planada property is composed of Dagua Group Upper Cretaceous quartzites and siliceous siltstones intruded by a granodiorite plug. Surface exposure is excellent and there were numerous workings at various elevations that can be roughly traced from one elevation to another. The width of the zone (i.e. within the property boundaries) appears much greater than other surrounding properties. There are at least 3 different crosscutting vein sets. The principal vein ranges between 0.4 m and 2.0 m in width. Other veins range between 3 and 20 cm (or more) in width. All carry some sulphides, and free gold was seen in both quartz and with the sulphides. Disseminated sulphides were seen in the host rock sediments, and these will probably contain low-grade gold values, although these have yet to be lab verified. Samples should be taken from two newly reported workings, and of mixed vein and host rock material and it is anticipated that there will be good values gotten from the vein and sulphide material. Panned concentrates from both vein material and tailings showed fine to medium gold.
Assuming the average grade across host rock and vein material on La Planada produces a grade similar to that of surrounding properties there is every reason to think that the deposit could be processed by bulk mining of the entire zone. The ore would be processed using the same method, and probably the same plant, as that proposed for surrounding properties.
The entire La Planada property has excellent rock exposure. The surface could be stripped and then, samples could be taken in vertical channels across both vein and host rock. A series of small drill pads would have to be prepared on the surface of the deposit. They would be collared at 50 m intervals along that line. As drilling progressed more of that face would have to be cleared of vegetation and levelled and a parallel series of pads would have to be built 50 m on either side of the original line of holes. This work will require some blasting of rock to produce those pads. Vertical reverse circulation holes would be drilled from these pads, with holes ranging up to 200 m in depth (if capable) at highest elevation and 100 m in depth at lowest elevation, for a total depth of this first phase of drilling of roughly 1000 m. Dependent on recovery of material, samples would be taken every 2 to 5 m down each hole. Samples would be analyzed for gold by Fire Assay, with A.A. or gravimetric finish. This work will allow an estimate of grade and tonnage for La Planada Project.
Most of the gold is fine. Upon completion of at least an initial round of drilling and assuming favourable results for grade of material, a bench test would be required to determine fineness of the gold, amount of sulphides and what metals are present, and from that what type of processing plant would give the best gold recovery. If there is sufficient coarse gold, a coarse gold circuit (e.g. a vibrating table) would probably be set up. If there is significant gold carried on the surface of sulphides then a sulphide floatation circuit would also be required. However, the bulk of the gold is fine and low grade (1.5 to 4 g/tonne) and is expected to be recovered with a large heap leach pad. Assuming the average grade of 1.5 to 4g/tonne and that sampling to date confirms continuity of mineralization to a depth of 200m, then the entire block could be mined and processed. A block 200 m deep X 300m wide X 400 m long, with an average density of 2.45g/cc would produce 59 millions tonnes of ore with a cut-off grade of 1.5g/tonne gold. That translates to over 3,150,000 troy ounces of gold or a gross deposit value of approximately $2,310,000,000 with gold presently trading at $735 per ounce.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that although Gemini Explorations, Inc believes the La Planada Gold Project has promising potential, the property is in the early stages of exploration. The project has yet to be shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on the property, or that, if identified, mineralization may be economically extracted. Minera Primecap Geological Services does not accept responsibility for the use of project data or in the adequacy or accuracy of this release.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2005 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Wednesday, August 6, 2008
Spirit Exploration, Inc. Diversifies its Mining Operations by Signing Acquisition Agreement to Purchase the Emerson Tungsten Mine in Nevada
This press release on mining news was released by Spirit Exploration,Inc on February 20, 2008, Bakersfield. It is said that Spirit Exploration, Inc. (SPXP: Pink Sheets) is pleased to announce it has signed an agreement to purchase the Emerson Tungsten Mine near Rachel, Nevada from Nevada Minerals, Inc. This acquisition supports Spirit’s strategic direction to broaden their product base and derive production from multiple countries. Thomas Cunningham, President of Spirit, stated “We are extremely excited about this acquisition as it strengthens the company by adding tungsten production to our mix of products and also gives us a producing mine in the United States.” Tom added “we believe, at the present tungsten prices, the Emerson Project is not only feasible but could generate significant profits for Spirit Exploration, Inc This agreement is subject to final due diligence to be completed by May 5, 2008.
The mine and plant were built and developed by Union Carbide Corporation in 1984 and operated for 9 years. After a substantial investment, Union Carbide decided to stop operations in 1993 due to the collapse of tungsten prices. Up to 2005 it was not economically feasible to consider opening the Emerson Mine with tungsten below $65 per unit in market value. In 2005 Tungsten reached $270 USD and has remained at least $250 per unit since. The Emerson Project will be a complete mining operation, which would include an underground mine, major rail and conveyor systems, laboratory and testing facility and a completely enclosed in-house floatation plant. The plant and operation is placed on 400 patent acres near Rachel Nevada. Spirit has sent a geologist to the site who is reviewing previous work conducted by Union Carbide and conducting a site inspection. Spirit will be reporting on the details of this work.
About Tungsten
Tungsten has the highest melting point of any metal and hence its usage in lighting filaments. As tungsten carbide, it is an exceptionally hard material, used in machinery, cutting, drilling and wear applications. It is one of the heaviest metals – a property that finds use in counterweights and armaments (armor-piercing ammunition and armor-plate). It is a key element in tool-steels- most notably in high speed cutting steels. It is primarily used as carbide to harden metal-cutting tools and as an alloying agent in steel-making.
The combination of these properties, particularly in ordinance and specialist machining operations, gave it status as a component of the US strategic metals stockpiles.
About Spirit Exploration Inc.
Spirit Exploration, Inc., a Nevada Corporation, is an exploration stage mining company. Through its 99% owned subsidiary ECUADORGOLDCORP, S.A., Spirit Exploration is in the business of acquiring, exploring and developing mineral (gold, silver, copper) concessions in Ecuador. Spirit is in the process of bringing several mines into production. We have acquired, and we have additional options to acquire, a diverse range of mineral production and exploration properties in Ecuador.
Further information is available on the company website: www.spirit-exploration.com
Forward-Looking Statements: Certain information and statements included in this release are intended to constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements
IR Contacts:
Toronto:
Martti Kangas
The Equicom Group
Phone: 416 815-0700 x 243
mkangas@equicomgroup.com
Dan Gravelle
Goal Capital LLC
Phone: 877 887 2118
danny@spirit-exloration.com
Written by Spirit Exploration · Filed Under Press Releases
The mine and plant were built and developed by Union Carbide Corporation in 1984 and operated for 9 years. After a substantial investment, Union Carbide decided to stop operations in 1993 due to the collapse of tungsten prices. Up to 2005 it was not economically feasible to consider opening the Emerson Mine with tungsten below $65 per unit in market value. In 2005 Tungsten reached $270 USD and has remained at least $250 per unit since. The Emerson Project will be a complete mining operation, which would include an underground mine, major rail and conveyor systems, laboratory and testing facility and a completely enclosed in-house floatation plant. The plant and operation is placed on 400 patent acres near Rachel Nevada. Spirit has sent a geologist to the site who is reviewing previous work conducted by Union Carbide and conducting a site inspection. Spirit will be reporting on the details of this work.
About Tungsten
Tungsten has the highest melting point of any metal and hence its usage in lighting filaments. As tungsten carbide, it is an exceptionally hard material, used in machinery, cutting, drilling and wear applications. It is one of the heaviest metals – a property that finds use in counterweights and armaments (armor-piercing ammunition and armor-plate). It is a key element in tool-steels- most notably in high speed cutting steels. It is primarily used as carbide to harden metal-cutting tools and as an alloying agent in steel-making.
The combination of these properties, particularly in ordinance and specialist machining operations, gave it status as a component of the US strategic metals stockpiles.
About Spirit Exploration Inc.
Spirit Exploration, Inc., a Nevada Corporation, is an exploration stage mining company. Through its 99% owned subsidiary ECUADORGOLDCORP, S.A., Spirit Exploration is in the business of acquiring, exploring and developing mineral (gold, silver, copper) concessions in Ecuador. Spirit is in the process of bringing several mines into production. We have acquired, and we have additional options to acquire, a diverse range of mineral production and exploration properties in Ecuador.
Further information is available on the company website: www.spirit-exploration.com
Forward-Looking Statements: Certain information and statements included in this release are intended to constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements
IR Contacts:
Toronto:
Martti Kangas
The Equicom Group
Phone: 416 815-0700 x 243
mkangas@equicomgroup.com
Dan Gravelle
Goal Capital LLC
Phone: 877 887 2118
danny@spirit-exloration.com
Written by Spirit Exploration · Filed Under Press Releases
World Minerals Alternative Energies-Announces a New Product Development Launch for the Reduction of Plate Out in PVC
World Minerals launches new products to control plate out in PVC pipe and profile manufacturing. They were designed by World Minerals to reduce die build up or “plate out” on the extrusion line and improve overall quality and surface finish of the extruded part. Santa Barbara, CA, July 23, 2008 –(PR.com)– World Minerals, a global mining and minerals company and a world leader in the manufacturing of high quality filter aids and functional mineral additives, has announced the launch of two new additives for polyvinyl chloride (PVC), Europerl® 60 and Harborlite® 205P.
These products are fine grades of alumino silicate and are used as extrusion aids particularly applicable for use in PVC polymers. They were designed by World Minerals to reduce die build up or “plate out” on the extrusion line and improve overall quality and surface finish of the extruded part. Used as a processing aid in PVC, these new products allow for longer production runs with fewer stoppages for cleaning. The additives inhibit the build up of hard deposits often caused by the reactions of the stabilizer systems and mineral build up. They are also effective against the softer organic deposits associated with waxes. As well as reducing line stoppages, these products can improve the internal and external surface quality, help reduce scrap and improve appearance. These products can work with a variety of stabilizer systems and can improve both rigid and flexible formulations. They were designed to be particularly applicable to pipes, door and window profiles, sidings, flooring and other high output extrusions. Produced in the United States and European locations, the products can be shipped globally. For further information, please visit www.worldminerals.com or contact: Cindy Stoutenborough Marketing Communications 130 Castilian Drive Santa Barbara, CA 93117 +1 805-562-0210 phone +1 805-562-0298 fax cindy.s@worldminerals.com World Minerals Inc, a member of Imerys, is the world’s leading supplier of diatomite products and expanded perlite products for filtration. During more than 100 years in business, they have developed systems that maximize the performance of filter aids and functional additives in terms of cost efficiency, quality and versatility. The products have many applications in everyday life, including beverage filtration, paint, plastic, construction and personal care. For more information visit the website: www.worldminerals.com. ### Contact Information World Minerals, a member of Imerys Cindy Stoutenborough 805-562-0210 cindy.s@worldminerals.com www.imerys.com info@worldminerals.com +1 805 562 0200
These products are fine grades of alumino silicate and are used as extrusion aids particularly applicable for use in PVC polymers. They were designed by World Minerals to reduce die build up or “plate out” on the extrusion line and improve overall quality and surface finish of the extruded part. Used as a processing aid in PVC, these new products allow for longer production runs with fewer stoppages for cleaning. The additives inhibit the build up of hard deposits often caused by the reactions of the stabilizer systems and mineral build up. They are also effective against the softer organic deposits associated with waxes. As well as reducing line stoppages, these products can improve the internal and external surface quality, help reduce scrap and improve appearance. These products can work with a variety of stabilizer systems and can improve both rigid and flexible formulations. They were designed to be particularly applicable to pipes, door and window profiles, sidings, flooring and other high output extrusions. Produced in the United States and European locations, the products can be shipped globally. For further information, please visit www.worldminerals.com or contact: Cindy Stoutenborough Marketing Communications 130 Castilian Drive Santa Barbara, CA 93117 +1 805-562-0210 phone +1 805-562-0298 fax cindy.s@worldminerals.com World Minerals Inc, a member of Imerys, is the world’s leading supplier of diatomite products and expanded perlite products for filtration. During more than 100 years in business, they have developed systems that maximize the performance of filter aids and functional additives in terms of cost efficiency, quality and versatility. The products have many applications in everyday life, including beverage filtration, paint, plastic, construction and personal care. For more information visit the website: www.worldminerals.com. ### Contact Information World Minerals, a member of Imerys Cindy Stoutenborough 805-562-0210 cindy.s@worldminerals.com www.imerys.com info@worldminerals.com +1 805 562 0200
World news on Diamond-Big Red Diamond Corporation Closing of $531,600 Private Placement
This press about BRDC was first released in Montreal, Canada - July 15, 2008 - Big Red Diamond Corporation (TSXV - DIA) is pleased to announce that it has closed a non-brokered private placement of 246 units for a total amount of $246,000 (the “Private Placement”). Each unit, at a price of $1,000 is comprised of twenty thousand common shares of DIA at a price of $0.05 per share and twenty thousand common share purchase warrants. Each common share purchase warrant shall entitle its holder to
subscribe for one common share of DIA at a price of $0.10 per share for a period of 24 months following the date of closing of the Private Placement.
DIA is also pleased to announce that it has completed a non-brokered Flow-Through private placement of 272 units for a total amount of $285,600 (the “Flow-Through Private Placement”). Each unit, at a price of $1,050 is comprised of twelve thousand flow-through common shares of DIA at a price of $0.07 per share and three thousand common shares of DIA at a price of $0.07 per share.
In connection with the private placement, various intermediaries and/or rokers have received a cash payment equal to 10% of the gross proceeds raised from the distribution of units plus compensation options to purchase 24.6 units at a price of $1,000 per unit, for a period of 24 months from the date of closing of the offering.
The units to be issued under both Private Placements will be subject to a resale restriction of four months and one day. The proceeds of the Private Placement will be used to fund part of our upcoming exploration program and for general working capital purposes. Big Red Diamond Corporation reserves the right to complete additional closing until August 21,
2008.
For further information, please contact:
Jean-François Perrault
Director
Telephone: (514) 798-4484
Fax: (514) 798-4896
Martin Nicoletti
Chief Financial Officer
Telephone: (514) 907-9016 – Ext. 160
Fax: (514) 907-9017
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
subscribe for one common share of DIA at a price of $0.10 per share for a period of 24 months following the date of closing of the Private Placement.
DIA is also pleased to announce that it has completed a non-brokered Flow-Through private placement of 272 units for a total amount of $285,600 (the “Flow-Through Private Placement”). Each unit, at a price of $1,050 is comprised of twelve thousand flow-through common shares of DIA at a price of $0.07 per share and three thousand common shares of DIA at a price of $0.07 per share.
In connection with the private placement, various intermediaries and/or rokers have received a cash payment equal to 10% of the gross proceeds raised from the distribution of units plus compensation options to purchase 24.6 units at a price of $1,000 per unit, for a period of 24 months from the date of closing of the offering.
The units to be issued under both Private Placements will be subject to a resale restriction of four months and one day. The proceeds of the Private Placement will be used to fund part of our upcoming exploration program and for general working capital purposes. Big Red Diamond Corporation reserves the right to complete additional closing until August 21,
2008.
For further information, please contact:
Jean-François Perrault
Director
Telephone: (514) 798-4484
Fax: (514) 798-4896
Martin Nicoletti
Chief Financial Officer
Telephone: (514) 907-9016 – Ext. 160
Fax: (514) 907-9017
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Mining News-BP Reinforces its Commitment to China
This mining news was released on 18 January 2008
BP announced today during a ceremony in the Great Hall of People in Beijing that it had signed a series of agreements to enhance its commitment to China. These agreements involve strategic integration and commercialisation of clean coal , wind power generation and world-class acetic acid production. The British Prime Minister, the Rt. Hon. Gordon Brown and the Chinese Premier Wen Jiabao, as well as officials from both British and Chinese governments, witnessed the signing.
“BP’s total investment in China has exceeded US$4 billion since our arrival some three decades ago,” said Dr Gary Dirks, BP president of Asia Pacific and China, at the signing ceremony. “Our commercial and social investments serve a clear purpose, which is to provide quality products and materials to help Chinese consumers improve their quality of life and protect the well-being of the environment. I am pleased that BP is continuing to take steps in delivering this commitment.”
Clean Energy Commercialisation Centre
BP and the China Academy of Sciences (CAS) signed an agreement to undertake a feasibility study into a proposed Clean Energy Commercialization Centre (CECC) joint venture. This represents a major step forward following the signing of a Memorandum of Understanding in Shanghai last August.
Under the agreement, CECC is intended to integrate individual clean energy related technologies - coal gasification, coal to liquids, coal to chemical, carbon capture and storage, coal bed methane and underground gasification - from CAS institutes and other organizations both within and outside the PRC, into competitive integrated feedstock manufacturing and product distribution systems and solutions such as polygeneration complexes. The CECC would also serve as an international platform to foster collaboration among research institutes, enterprises and other institutions to improve indigenous Chinese innovation capabilities and market applications in areas such as clean coal conversion, zero emission and carbon capture and storage. BP and CAS have also agreed that the CECC would act as a cooperation platform between the two parties in order to support the development of the Sino-UK clean coal conversion related near zero emission initiative, including technology development and demonstration projects.
BP and CAS believe that the commercialisation of clean coal conversion and other clean energy conversion technologies will make an important contribution to China’s future energy security whilst also helping to reduce CO2 emissions and address China’s future energy security and environmental sustainability issues. A full time working team drawn from both BP and CAS has been established to progress the feasibility study and the joint venture contract, with the aim of establishing the CECC joint venture by the end of 2008.
Wind Power
BP signed a framework agreement with Beijing Tianrun New Energy Investment Co., a subsidiary of Goldwind Science and Technology Co., Ltd., with the intention of jointly investing, constructing, and operating three 49.5 megawatt wind power plants near Bayan Obo in Inner Mongolia. The two parties have also agreed to explore further wind power investment opportunities in other areas of Inner Mongolia.
Acetic Acid
BP and Sinopec signed a Memorandum of Understanding to add a new 650k tonnes acetic acid plant at their YARACO joint Venture in Chongqing, upstream Yangtze River, Southwest China. This marks another major milestone in strengthening the existing partnership in acetic acid production and follows on from the successful investment in Yangtze River Acetyls Company (YARACO) in Chongqing, and in the BP Yangtze Petrochemicals Acetyls Company (BYACO) in Nanjing.
This world-scale acetic acid plant, using BP’s leading Cativa(r) technology, would have an annual capacity of 650,000 tonnes. The plant is estimated to be on stream in 2011, when the total production at the YARACO site will be well over one million tonnes per annum, making it one of the largest acetic acid production locations in China.
Notes to Editors:
BP is one of the world’s largest oil, gas and petrochemical companies with operations in over 100 countries, employing a workforce of around 96,000. The company provides fuels for transportation, energy for heat and light, retail services and petrochemical products for everyday items. BP’s upstream activities include oil and gas exploration and production, together with the management of crude oil and natural gas pipelines, processing and export terminals. BP’s downstream operations include oil refineries, petrol stations, lubricants, business marketing and chemicals (Aromatics & Acetyls). BP Alternative Energy, which was launched in 2005, consolidates all of BP’s low-carbon activities such as solar, wind, biofuels and carbon capture and storage. The purpose of BP business is to provide products that satisfy human needs, fuel progress and economic growth and to maintain and invest in a sustainable environment. BP’s current market capitalisation is over $200 billion, ranking No.4 on the 2007 list of Fortune Global 500 Enterprises. Further information about BP can be found on www.bp.com.
BP has been operating in China since the early 1970s and has invested over $4.3 billion in commercial projects. Its activities in China include the production and importation of natural gas, supply of aviation fuel, import and marketing of LPG, fuels retailing, lubricants blending and sales, petrochemical manufacturing and solar electric facilities. As one of China’s largest foreign investors, BP has more than 30 joint ventures and wholly owned companies and about 4,000 staff. Further information about BP China, is available on www.bp.com.cn.
In November 2001, BP established the “Clean Energy: Facing the Future” programme in China with the Chinese Academy of Sciences. BP has agreed to invest US$30 million over a thirty-year period to fund research in clean energy technologies. The programme aims to develop and prove new clean energy options for China and the rest of the world. The programme includes several projects at CAS’s Dalian Institute of Chemical Physics and Shenyang Institute of Metals Research.
BP and Chinese Academy of Sciences (CAS) signed a Memorandum of Understanding (MoU) on August 1, 2007, announcing their intent to establish the Clean Energy Commercialisation Centre (CECC). In December 2007, a joint working group was set up to push forward this ambitious project, under the guidance of a newly-established joint steering commission.
Acetic acid is an important organic chemical raw material, widely used in industries such as chemical engineering, light & textile, medicine, pesticide and dye. In 1995, BP and Sinopec jointly established Yangtze River Acetyls Company (YARACO) at Southwestern Chongqing Municipality. Since then, YARACO has been expanded twice to bring its initial acetic acid capacity from 150, 000 tonnes to 350, 000 tonnes a year, and also to include an 80,000 tonnes a year esters plant.
BP is the top acetic acid producer in the world and 80 per cent of the world’s acetic acid facilities incorporate BP’s leading patented Cativa(r) catalyst technology, characterised by low energy consumption and high conversion efficiency. Compared with traditional methanol production technology, Cativa(r) can reduce energy consumption by 30 per cent and reduce greenhouse gas emission by 33 per cent.
BP Alternative Energy, formed in 2005, brings together all BP’s interests in zero and low-carbon power - BP Solar, the company’s photovoltaic business; wind power generation; biofuels and hydrogen power, which combines fossil fuel power generation with carbon capture and storage to provide extremely low carbon power. For more information about BP Alternative Energy, please visit www.bpalternativeenergy.com.
BP and China Xinjiang SunOasis Co., Ltd jointly built a solar power joint venture in Xi’an in 2005, to tap the growing Chinese solar energy market and provide clean and sustainable power for China’s booming economic growth. BP has constructed the largest grid-connected solar power project in Asia in the Shenzhen International Horticultural Expo Park, south China’s Guangdong province. Another solar power demonstration project, the Solar Sail, is being set up by BP Solar at Guangdong Science Centre and is expected to cut at least 45 tonnes of CO2 emissions every year.
Further information:
Location: BP China Press Office
Phone : +8610 84795122
BP announced today during a ceremony in the Great Hall of People in Beijing that it had signed a series of agreements to enhance its commitment to China. These agreements involve strategic integration and commercialisation of clean coal , wind power generation and world-class acetic acid production. The British Prime Minister, the Rt. Hon. Gordon Brown and the Chinese Premier Wen Jiabao, as well as officials from both British and Chinese governments, witnessed the signing.
“BP’s total investment in China has exceeded US$4 billion since our arrival some three decades ago,” said Dr Gary Dirks, BP president of Asia Pacific and China, at the signing ceremony. “Our commercial and social investments serve a clear purpose, which is to provide quality products and materials to help Chinese consumers improve their quality of life and protect the well-being of the environment. I am pleased that BP is continuing to take steps in delivering this commitment.”
Clean Energy Commercialisation Centre
BP and the China Academy of Sciences (CAS) signed an agreement to undertake a feasibility study into a proposed Clean Energy Commercialization Centre (CECC) joint venture. This represents a major step forward following the signing of a Memorandum of Understanding in Shanghai last August.
Under the agreement, CECC is intended to integrate individual clean energy related technologies - coal gasification, coal to liquids, coal to chemical, carbon capture and storage, coal bed methane and underground gasification - from CAS institutes and other organizations both within and outside the PRC, into competitive integrated feedstock manufacturing and product distribution systems and solutions such as polygeneration complexes. The CECC would also serve as an international platform to foster collaboration among research institutes, enterprises and other institutions to improve indigenous Chinese innovation capabilities and market applications in areas such as clean coal conversion, zero emission and carbon capture and storage. BP and CAS have also agreed that the CECC would act as a cooperation platform between the two parties in order to support the development of the Sino-UK clean coal conversion related near zero emission initiative, including technology development and demonstration projects.
BP and CAS believe that the commercialisation of clean coal conversion and other clean energy conversion technologies will make an important contribution to China’s future energy security whilst also helping to reduce CO2 emissions and address China’s future energy security and environmental sustainability issues. A full time working team drawn from both BP and CAS has been established to progress the feasibility study and the joint venture contract, with the aim of establishing the CECC joint venture by the end of 2008.
Wind Power
BP signed a framework agreement with Beijing Tianrun New Energy Investment Co., a subsidiary of Goldwind Science and Technology Co., Ltd., with the intention of jointly investing, constructing, and operating three 49.5 megawatt wind power plants near Bayan Obo in Inner Mongolia. The two parties have also agreed to explore further wind power investment opportunities in other areas of Inner Mongolia.
Acetic Acid
BP and Sinopec signed a Memorandum of Understanding to add a new 650k tonnes acetic acid plant at their YARACO joint Venture in Chongqing, upstream Yangtze River, Southwest China. This marks another major milestone in strengthening the existing partnership in acetic acid production and follows on from the successful investment in Yangtze River Acetyls Company (YARACO) in Chongqing, and in the BP Yangtze Petrochemicals Acetyls Company (BYACO) in Nanjing.
This world-scale acetic acid plant, using BP’s leading Cativa(r) technology, would have an annual capacity of 650,000 tonnes. The plant is estimated to be on stream in 2011, when the total production at the YARACO site will be well over one million tonnes per annum, making it one of the largest acetic acid production locations in China.
Notes to Editors:
BP is one of the world’s largest oil, gas and petrochemical companies with operations in over 100 countries, employing a workforce of around 96,000. The company provides fuels for transportation, energy for heat and light, retail services and petrochemical products for everyday items. BP’s upstream activities include oil and gas exploration and production, together with the management of crude oil and natural gas pipelines, processing and export terminals. BP’s downstream operations include oil refineries, petrol stations, lubricants, business marketing and chemicals (Aromatics & Acetyls). BP Alternative Energy, which was launched in 2005, consolidates all of BP’s low-carbon activities such as solar, wind, biofuels and carbon capture and storage. The purpose of BP business is to provide products that satisfy human needs, fuel progress and economic growth and to maintain and invest in a sustainable environment. BP’s current market capitalisation is over $200 billion, ranking No.4 on the 2007 list of Fortune Global 500 Enterprises. Further information about BP can be found on www.bp.com.
BP has been operating in China since the early 1970s and has invested over $4.3 billion in commercial projects. Its activities in China include the production and importation of natural gas, supply of aviation fuel, import and marketing of LPG, fuels retailing, lubricants blending and sales, petrochemical manufacturing and solar electric facilities. As one of China’s largest foreign investors, BP has more than 30 joint ventures and wholly owned companies and about 4,000 staff. Further information about BP China, is available on www.bp.com.cn.
In November 2001, BP established the “Clean Energy: Facing the Future” programme in China with the Chinese Academy of Sciences. BP has agreed to invest US$30 million over a thirty-year period to fund research in clean energy technologies. The programme aims to develop and prove new clean energy options for China and the rest of the world. The programme includes several projects at CAS’s Dalian Institute of Chemical Physics and Shenyang Institute of Metals Research.
BP and Chinese Academy of Sciences (CAS) signed a Memorandum of Understanding (MoU) on August 1, 2007, announcing their intent to establish the Clean Energy Commercialisation Centre (CECC). In December 2007, a joint working group was set up to push forward this ambitious project, under the guidance of a newly-established joint steering commission.
Acetic acid is an important organic chemical raw material, widely used in industries such as chemical engineering, light & textile, medicine, pesticide and dye. In 1995, BP and Sinopec jointly established Yangtze River Acetyls Company (YARACO) at Southwestern Chongqing Municipality. Since then, YARACO has been expanded twice to bring its initial acetic acid capacity from 150, 000 tonnes to 350, 000 tonnes a year, and also to include an 80,000 tonnes a year esters plant.
BP is the top acetic acid producer in the world and 80 per cent of the world’s acetic acid facilities incorporate BP’s leading patented Cativa(r) catalyst technology, characterised by low energy consumption and high conversion efficiency. Compared with traditional methanol production technology, Cativa(r) can reduce energy consumption by 30 per cent and reduce greenhouse gas emission by 33 per cent.
BP Alternative Energy, formed in 2005, brings together all BP’s interests in zero and low-carbon power - BP Solar, the company’s photovoltaic business; wind power generation; biofuels and hydrogen power, which combines fossil fuel power generation with carbon capture and storage to provide extremely low carbon power. For more information about BP Alternative Energy, please visit www.bpalternativeenergy.com.
BP and China Xinjiang SunOasis Co., Ltd jointly built a solar power joint venture in Xi’an in 2005, to tap the growing Chinese solar energy market and provide clean and sustainable power for China’s booming economic growth. BP has constructed the largest grid-connected solar power project in Asia in the Shenzhen International Horticultural Expo Park, south China’s Guangdong province. Another solar power demonstration project, the Solar Sail, is being set up by BP Solar at Guangdong Science Centre and is expected to cut at least 45 tonnes of CO2 emissions every year.
Further information:
Location: BP China Press Office
Phone : +8610 84795122
Mining News-New Report Predicts That U.s Aluminium Market To Grow By 210,000 Metric Tons From 2007-2011
Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the U.S. aluminium market is expected to grow by volume by 210,000 Metric Tons (nearly 9%) during 2007-2011.
(1888PressRelease) April 12, 2008 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the U.S. aluminium market is expected to grow by volume by 210,000 Metric Tons (nearly 9%) during 2007-2011.
The report, “US Aluminum Market Analysis”, which is available at http://www.reportbuyer.com/go/ RCS00338, finds that factors like enhanced energy supply capacity, new cost efficient production technologies and government support have helped drive the market.
Analysts say that the U.S. aluminum industry is the world’s largest single producer of primary aluminum. The US industry operates over 300 plants in 35 states, produces more than 23 billion pounds of metal annually, and employs over 145,000 people with an annual payroll of about US$ 5 billion.
The study says aluminum is one of the few products and industries left in America that truly impacts every community in the country, either through physical plants and facilities, recycling, heavy industry, or consumption of consumer goods.
Authors of the report say that market demand is largely fueled by the need for aluminum by various industry sectors, particularly transport and packaging sector and that the aluminum consumption market is highly relied on imported aluminum.
The publication notes that aluminum is chiefly imported from a number of countries, such as Canada, Russia, China and Mexico, where the cost of production is relatively lower. This makes imported aluminum cost effective, thereby posing a significant challenge for the domestic producers.
“US Aluminum Market Analysis” analyses the various drivers and challenges impacting the market including the influence of the automobile market.
“US Aluminum Market Analysis” is available from Report Buyer.
For more information, see website.
http://www.reportbuyer.com/industry_manufacturing/index.html
Report Buyer product ID: RCS00338
About Report Buyer.
Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare. The website now carries over 50,000 business information products, including market reports, studies and books. Report Buyer is the intelligent way to buy market research making it an essential resource for executives and information buyers worldwide. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.
(1888PressRelease) April 12, 2008 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the U.S. aluminium market is expected to grow by volume by 210,000 Metric Tons (nearly 9%) during 2007-2011.
The report, “US Aluminum Market Analysis”, which is available at http://www.reportbuyer.com/go/ RCS00338, finds that factors like enhanced energy supply capacity, new cost efficient production technologies and government support have helped drive the market.
Analysts say that the U.S. aluminum industry is the world’s largest single producer of primary aluminum. The US industry operates over 300 plants in 35 states, produces more than 23 billion pounds of metal annually, and employs over 145,000 people with an annual payroll of about US$ 5 billion.
The study says aluminum is one of the few products and industries left in America that truly impacts every community in the country, either through physical plants and facilities, recycling, heavy industry, or consumption of consumer goods.
Authors of the report say that market demand is largely fueled by the need for aluminum by various industry sectors, particularly transport and packaging sector and that the aluminum consumption market is highly relied on imported aluminum.
The publication notes that aluminum is chiefly imported from a number of countries, such as Canada, Russia, China and Mexico, where the cost of production is relatively lower. This makes imported aluminum cost effective, thereby posing a significant challenge for the domestic producers.
“US Aluminum Market Analysis” analyses the various drivers and challenges impacting the market including the influence of the automobile market.
“US Aluminum Market Analysis” is available from Report Buyer.
For more information, see website.
http://www.reportbuyer.com/industry_manufacturing/index.html
Report Buyer product ID: RCS00338
About Report Buyer.
Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare. The website now carries over 50,000 business information products, including market reports, studies and books. Report Buyer is the intelligent way to buy market research making it an essential resource for executives and information buyers worldwide. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.
Big Red Diamond Corporation Acquires Additional Bristol Claims
The press released about Big Red Diamond Corporation on acquiring Additional Bristol Claims was released on Montreal, Quebec - June 30, 2008. Big Red Diamond Corporation (“BRDC”) announced that it has acquired 7 new claims which consist of 5 claims in the Bristol Township and 2 in the Carscallen Township for a total of 36 units measuring approximately 18 sq. km. This property is located approximately 3 miles north of the Lake Shore Gold Corporation’s Timmins West Gold property which has completed a pre-feasibility study, 1.2 million ounces (uncut) of probable reserves and shallow high-grade gold veins.
Ken Ralfs as resigned, effective immediately, for health reasons. The Company’s directors have appointed Martin Nicoletti as interim Chief Executive Officer. Mr. Nicoletti is also Chief Financial Officer for the Company and will take over for the time being.
For further information, please contact:
Jean-François Perrault
Director
Telephone: (514) 798-4484
Fax: (514) 798-4896
Martin Nicoletti
Chief Financial Officer
Telephone: (514) 907-9016 – Ext. 160
Fax: (514) 907-9017
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Ken Ralfs as resigned, effective immediately, for health reasons. The Company’s directors have appointed Martin Nicoletti as interim Chief Executive Officer. Mr. Nicoletti is also Chief Financial Officer for the Company and will take over for the time being.
For further information, please contact:
Jean-François Perrault
Director
Telephone: (514) 798-4484
Fax: (514) 798-4896
Martin Nicoletti
Chief Financial Officer
Telephone: (514) 907-9016 – Ext. 160
Fax: (514) 907-9017
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
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