Southwest Resources Announces Closing of Transaction With Duke Mining Company

Southwest Resources, Inc. announced that the Company has completed its purchase of the assets of Duke Mining Company Inc., (“Duke”) for the assumption of $823,706 of Duke’s outstanding debt and obligations. The assets purchased include the lease arrangement for the 640 acre mining claim in Utah and the respective equipment, fixtures and furniture associated with the claim. Southwest... 

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Santa Fe Gold Begins Mining and Stockpiling Ore at Summit Silver-Gold Mine

Santa Fe Gold Corp, a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today reported that mining and stockpiling of ore had begun at its Summit mine in southwestern New Mexico. Processing of the stockpiled ore is planned to begin when construction of the Lordsburg processing facility is completed. Barring unforeseen delays, the company anticipates... 

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Gulf Resources Completes Acquisition of Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has completed the acquisition of manufacturing assets involved in bromine and crude salt production owned by three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen Zhang. On January 7, 2009, SCHC signed an agreement to acquire the buildings,... 

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Mechel Announces Progress in Constructing the Railway Spur Track to the Elga Coal Deposit

Mechel OAO announces that its Yakutugol HC OAO coal mining subsidiary continues active operations in constructing the road to the Elga coal deposit. The total length of the railroad will be more than 315 kilometers. At present, traffic is possible from the Ulak station towards the Elga deposit up to the 270th km. In addition, 80 km of the access motor road have been repaired, 143 km of motor roadbed... 

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Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in the People’s Republic of China, today announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has signed an agreement with three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen Zhang (the “Sellers”), to acquire... 

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Ritchie Bros. sells record US$3.57 billion of equipment at 2008 auctions

Vancouver-based Ritchie Bros. Auctioneers conducted its final unreserved auctions of 2008 last week and is pleased to announce a preliminary gross auction proceeds estimate of US$3.57 billion for the year. This represents a 12% increase over 2007 gross auction proceeds, making this the largest year in the Company’s 50-year history. Ritchie Bros., the world’s largest auctioneer of industrial... 

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McMoRan Exploration Co. Updates Gulf of Mexico Exploration and Development Activities

McMoRan Exploration Co. updated its Gulf of Mexico exploration and development activities, including drilling progress at the Flatrock No. 5 development well, the Flatrock No. 6 delineation well and Tom Sauk exploratory well, results from the Northeast Belle Isle exploratory well and current production rates. McMoRan also announced that the rigs are on location at the high-impact Gladstone East and... 

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Roxmark files Technical Report updating resources at Northern Empire Gold Mine

Roxmark Mines Limited announced that the Technical Qualifying Report for the Northern Empire Gold Mine, in accordance with NI 43-101 regulations and dated November 2008, has been filed on SEDAR and is available at the Company’s website. The updated report was prepared by Peter Bevan, P. Eng., consulting geologist and a qualified person under NI 43-101. The Report includes a renewed assessment... 

Unico, Inc. Announces the Addition of a New Photo Gallery Showing the USGS Field Trip to the Deer Trail Mine

Unico, Incorporated, a natural resource company in the precious metals mining sector, today announced the addition of a new photo gallery on the company’s corporate website, www.unicomining.com, showing the company and its wholly owned Deer Trail Mining Company subsidiary hosting the recent United States Geological Survey (USGS) 2008 Marysvale District Field Trip at the Deer Trail Mine property. The... 

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McMoRan Exploration Co. Announces Successful Production Test at Flatrock No. 4 and Plans to Pursue Completion at South Timbalier Block 168

McMoRan announced a successful production test at Flatrock No. 4 (location “C”). The production test, which was performed in the primary Rob-L section, indicated a gross flow rate of approximately 109 million cubic feet of natural gas per day (MMcf/d), 2,500 barrels per day of condensate and zero barrels of water, approximately 124 MMcfe/d (23 MMcfe/d net to McMoRan), on a 50/64th choke with flowing... 

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