Tasman Metals Ltd. Mr Mark Saxon, President and CEO, provides an update on developments regarding the Company’s 100% owned Norra Karr Rare Earth Element (REE) project. The drill program currently underway is nearing its conclusion with approximately 80 per cent of the program completed. In addition, a collaborative research project has been initiated, under the guidance of renowned REE expert...
ALIX RESOURCES CORP. has entered into an agreement to acquire a block of claims totalling approximately 450 hectares in British Columbia which host a historic BC Minfile Rare Earth Oxide (REO) occurrence. BC Minfile reports that “a sample of chips taken at random across a 15 metre section returned… 2.04%REO” (Minister of Mines Annual Report 1965 p.266). The second claim block consists...
Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced it has completed the previously announced sale of 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for approximately $65 million. Bristow received approximately 20% of the purchase price at closing, with the remainder to be paid...
China Gengsheng Minerals, Inc., a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has signed its first sales contract for its fine precision abrasive products with a Taiwan-based vendor. The term of the contract is five years, with 300-500 metric...
ITT Corporation has received a multi-million dollar contract to provide filtered seawater to Esperanza, a large new copper-gold mining project in Chile’s Atacama Desert, the driest desert in the world. The mine will be the first large-scale mine in Chile to make use of seawater in the mining process. As part of the project, ITT will help move treated seawater from the ocean to an elevation of 7,550...
Florida Governor Charlie Crist and Jeff Lyash, president and chief executive officer of Progress Energy Florida, unveiled plans for Sustainable Electrical Energy Delivery Systems (SEEDS), an innovative renewable energy technology that will be evaluated at two sites in St. Petersburg. The sites will serve as research hubs for unique technology that could be used as energy storage for future “Smart...
Japan is feeling the heat over sharply rising prices for non-ferrous metals, especially rare metals, which are used in a wide range of high-technology products. Global competition is intensifying for non-ferrous metals, including copper and lead, as well as for such energy resources as oil, natural gas and uranium. Prices have risen sharply in recent years on increased global demand, led by red-hot...
Andean American Mining Corp. announced that it has retained the services of CHF Investor Relations (Cavalcanti Hume Funfer Inc.) of Toronto and Calgary, Canada’s longest established and one of its most respected IR firms. John Huguet, Chairman and CEO, commented: “We are committed to proactively increasing and improving investor awareness of Andean American, in particular its dynamic resource...
Torrent Energy Corporation announced it has retained U.S.-based Pfeiffer High Investor Relations, Inc., and Canada’s CHF Investor Relations (Cavalcanti Hume Funfer Inc.) to develop and manage a North American investor awareness campaign together. This program will be supplemented with an internet based program contracted through Stockgroup Media. John Carlson, Torrent’s President and CEO,...
Surging global demand for copper has breathed new life into the mining industry in Chingola, a short drive from the Congolese border on top of some of the richest copper deposits in the world. Zambian miners clad in white helmets and blue jumpsuits are building a $300-million (about R2,1-billion), high-tech copper smelter at Konkola Copper Mines, right next to one of the largest open pit copper mines...