Nova Mining Corp.: According to Bloomberg Businessweek on Wednesday, in an article titled: IPad Boom Strains Lithium Supplies After Prices Triple - the article says "Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to make money from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries."
The National Coal Council (NCC) today presented the U.S. Department of Energy with the results of a comprehensive study requested by U.S. Secretary of Energy Steven Chu. The study, "Harnessing Coal's Carbon Content to Advance the Economy, Environment and Energy Security," concludes that widespread deployment of carbon dioxide capture and utilization (CCUS) technologies at coal-based power and liquid fuels production plants could help increase domestic oil production by more than 3.5 million barrels a day for 40-plus years.
Mr. Erik Bethel, Managing Partner of SinoLatin Capital, the premier investment platform between China and Latin America focused on natural resources and commodities, spoke at the 2012 Mines and Money Beijing Conference, June 19-21st, 2012 at the China World Summit Wing.
Guyana Frontier Mining Corp. ("Guyana Frontier") is pleased to provide an update on the results of the remaining six diamond drill holes from the Marudi Mountain Gold Project ("Marudi Mountain") in Guyana, South America. The six holes reported here, totalling 909.5 metres, were drilled at the Marudi North target area from two collar locations, of which three holes encountered gold mineralization. The 2012 drilling program at Marudi North successfully intersected gold mineralization within quartzite-metachert rocks (the "host rock") in six of the nine holes drilled. In all, 1,977.47 metres were drilled in 12 holes at both target areas during the Phase 1 drilling program. Nine holes totalling 1,438.17 metres were drilled in the Marudi North segment of the 2012 drilling program, and 539.30 metres were earlier completed in 3 holes at Mazoa Hill.
Sono Resources, Inc. having completed the Share Exchange Agreement ("SEA"), with Alaska Metals Corp. ("Alaska Metals"), announces that the 2012 exploration work program, as set out in the Company's news release dated May 4, 2012, has been initiated, with Keill Engineering from Fairbanks, Alaska conducting a Mobile Metal Ion ("MMI") geochemical sampling program over 4 grid lines consisting of 219 samples. These samples have been sent to SGS Canada Inc. of Mississauga, Ontario for analysis.
China's apparent oil demand* rose just 0.5% year on year in May to 39.72 million metric tons (mt), or an average 9.39 million barrels per day (b/d), a just-released Platts analysis of recent Chinese government data showed.
Klondike Silver Corp. has been rewarded with silver, lead, zinc production resulting from its exploration and development work on the Hinkley Mine which lies just one mile from the Company's 100 ton per day Sandon Mi...
Harvest Natural Resources, Inc. today announced that its wholly-owned subsidiary, HNR Energia B.V., has signed a definitive Share Purchase Agreement (SPA) with PT Pertamina (Persero), the national oil company of Indonesia (the Buyer), to sell all of the Company's interests in Venezuela for $725.0 million in an all-cash transaction. Net proceeds from the sale are estimated to be approximately $525.0 million after deductions for transaction related costs and taxes.
Arch Coal, Inc. today announced plans to idle several operations and to reduce production at other mining complexes in Appalachia due to the unprecedented downturn in demand for coal-based electricity. Today's actions, along with other recent changes in Appalachia, will result in a total workforce reduction of approximately 750 full-time employee positions.
Wildcat Silver Corporation is pleased to announce the results for the final 15 drill holes of its most recent drill campaign completed on the Company's Hermosa property located in Santa Cruz County, Arizona. The holes covered in this press release were drilled to test extensions of the Manto Oxide Zone to the north and the Upper Silver Zone to the southeast of the current Hermosa resource.
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