Santa Fe Gold Proceeding with Construction of Summit Silver-Gold Project

Santa Fe Gold Corporation announced that the New Mexico Office of the State Engineer has issued a permit required to proceed with construction of the tailings dam impoundment at the Banner Mill located near Lordsburg, New Mexico. The company expects to complete construction of the tailings impoundment during the current quarter and to begin processing operations shortly thereafter. “With this important... 

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AVEVA Opens Latin America Office in Brazil

AVEVA, the leading supplier of engineering IT systems for the plant and marine industries, today announced further expansion into Latin America with the opening of AVEVA do Brasil in Rio de Janeiro. This office, the latest in AVEVA’s expanding global platform, will provide premium product solutions and support for its growing customer base in Brazil, including the country’s leading energy... 

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Farallon Updates G-9 Production Status While Managing Project Expenditures

Dick Whittington, President and CEO of Farallon Resources Ltd. provide an update of activities at the Company’s G-9 polymetallic (zinc, copper, lead, silver, gold) operation on the Campo Morado property in Guerrero State, Mexico, as well as a general corporate update. As announced in August 2008 mining at G-9 has proceeded based on a 17-month plan, with an initial production rate of 20,000 tonnes... 

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Minefinders Commences Leaching at the Dolores Mine and Provides Other Updates

Minefinders Corporation Ltd. report the commencement of leaching operations at its Dolores gold and silver mine in Chihuahua, Mexico and provide an update on mine operations. Commencement of Leaching and Dolores Update “Leaching of the first ore panel has commenced and we anticipate first gold and silver production in the next few weeks” said Mark Bailey, Minefinders’ President and... 

Zaruma Resources Updates Luz del Cobre Project

Zaruma Resources Inc. provided a further update on the progress of the Luz del Cobre copper project in the State of Sonora, Mexico. The Company stated that it has not yet been able to arrange additional project financing to finish the development and construction of the mine and production plant. Of the estimated US$37 million capital cost of the project, US$22 million has been paid to contractors... 

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Rowan Obtains Two-Year Gulf of Mexico Contract for Jack-up Gorilla II

Rowan Companies, Inc. announced that it has signed a contract with Devon Energy Corporation for the Gorilla class jack-up, Gorilla II, in the Gulf of Mexico. The two-year commitment should begin in January 2009 and is expected to provide approximately $137 million of drilling revenues. The rig will be performing drilling services as well as assisting Devon with various construction projects. Danny... 

Caterpillar Aligns to Better Serve Customers and Focus Accountability

To strengthen its world-class product and service offerings, Caterpillar Inc. is aligning its machine product and marketing organizations to sharpen customer focus, position the company to achieve its 2010 and Vision 2020 goals and build deep expertise in product development. “We are well-positioned for long-term success,” said Caterpillar Chairman and CEO Jim Owens. “And Team Caterpillar... 

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Rowan Obtains Two-Year Gulf of Mexico Contract for Newbuild Jack-up Rowan-Mississippi

Rowan Companies, Inc. announced that it has entered into a drilling contract with McMoRan Oil & Gas LLC for the new 240C class jack-up, Rowan-Mississippi. The contract is for a two-year term and will provide Rowan with approximately $160 million of drilling revenues. The rig will drill one or more ultra deep gas wells in the Gulf of Mexico, including additional drilling on the Blackbeard Prospect.... 

Hawk Commences Helicopter-borne VTEM Survey Over the Cluff Lake Uranium Project, Northern Saskatchewan

Hawk Uranium Inc. is pleased to announce that Geotech Ltd., of Aurora, Ontario has commenced a 2,000 km helicopter-borne Time Domain Electromagnetic Geophysical Survey with a VTEM system over Hawk’s wholly owned Cluff Lake Uranium Project in Northern Saskatchewan. Geotech Ltd. has advised Hawk that it expects to complete this survey by the end of April. The helicopter-borne Versatile Time Domain... 

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Gammon Lake Declares Commercial Production at the Ocampo Gold-Silver Mine – Production from Ocampo and El Cubo Reaches an Annualized Run Rate of 400,000 Gold Equivalent Ounces per Year

Gammon Lake Resources Inc. is pleased to announce that the Ocampo Gold-Silver Mine has reached commercial production. The Company is proud to report that 11,009 gold equivalent ounces (5,706 ounces of gold and 244,217 ounces of silver) were produced and sold from the Ocampo and El Cubo Mines during the first 10 days of January 2007, for total sale proceeds of approximately US $6.7- million. Gammon...