Allied Nevada Reports 2009 Net Income of $8.5 Million or $0.13 Per Share
Allied Nevada Gold Corp. (”Allied Nevada” or the “Company”) (TSX:ANV)(NYSE Amex:ANV) is pleased to report its financial results for the three months and year ended December 31, 2009, along with confirmation of its previously reported operating results and a reiteration of its 2010 Outlook. The results presented in this press release should be read in conjunction with the Company’s Form 10-K (annual report) filed on SEDAR and Edgar and posted on Allied Nevada’s website at www.alliednevada.com. The financial results are based on United States GAAP and are expressed in U.S. dollars.
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VMS Announces Appointment of Dr. Mark Fedikow as VP Exploration
VMS Ventures Inc. (TSX VENTURE: VMS) (the “Company”) is pleased to announce the appointment of Dr. Mark Fedikow as Vice President Exploration. Dr. Fedikow also Vice President of Technical Services for the Company.
Dr. Fedikow was appointed Director in April 2008 and has been directly involved in all aspects of exploration of the Company since then. Mark has 34 years experience as a geochemical exploration of mineral exploration and mineral deposits geologist in the private sector and government geological surveys. He operates his own consulting firm since 2002. In 2001 he was recipient of the Provincial Geologists Medal, a Canadian national award outstanding geoscientific achievement. He has published numerous articles on mineral deposits and their geochemical expressions in rock, soil environments and vegetation sampling. In particular, it has implemented a process of Mobile Metal Ion (MMI) in exploration programs for different types of mineral deposits, including a sulphide large metal, a layer of gold, copper porphyry and magmatic nickel-copper-PGE in the world. more..
Environmental Impacts of Burning Coal By Michael Duggan
The burning of coal is the most polluting method for producing electricity and the environmental impacts are considerable. Besides the production of greenhouse gases by burning coal, there are also many other harmful compounds released during this process. But environmental problems are not limited to the burning process. The extraction, transportation, storage and disposal of coal all create additional environmental issues.
There is however differences in the amount of pollution caused by burning coal depending on the type of technology utilised. New coal-fired power station technology is emerging with the ability to reduce the amount of greenhouse gases and other harmful compounds released during the burning process. Integrated gasification combined cycle (IGCC) combustion is the realisation of this new technology and claims to significantly reduce harmful emissions. Despite the reductions in pollution from the use of IGCC technology, coal fired power stations will still have serious impacts on the environment. Read more
Mining in Argentina 2009 – After the Storm, is the Outlook Positive? By Paola Rojas
On spite of the global crisis, Argentina continues to crystallize projects and mines of significant importance, further enhancing an already dynamic sector.
It is true that the crisis precipitated the exit of a good number of companies with in exploration projects -both grass roots and advanced- but the vast majority owe their withdraw to other reasons. For example, Alexander Gold had already decided to stop their Leon project months before; they now are only maintaining the property and focusing in the development of their processing technology Metaleach. ATW Venture (now ATW Gold) completed two drilling programs between 2007 and 2008 in the Amarillo project, owned by Marifil Mines, and after not being able to find what they intended they decided to leave the country to focus on their newly acquired gold mine, now already in production. Most of the over 130 companies still active in Argentina have reduced their activities drastically, but with the interest of maintaininfg their assets and wether the storm. It is frankly not strange, that in an environment mostly populated by junior companies, the sector has a high mobility, in any situation. Read more
White Canyon Uranium Limited to List on TSX Venture Exchange
Utah based uranium producer, White Canyon Uranium Limited (”White Canyon” or “the Company”) is pleased to announce that effective February 12, 2010, the ordinary shares of the Company will commence trading on the TSX Venture Exchange (TSX-V) under trading symbol WU. The Company will be classified as a Tier 2 Mining Issuer and is categorized as a dual–listed Company with the Australian Stock Exchange. Canaccord Capital Inc. acted as sponsor for the Company in respect of the listing application.
“We have been looking forward to the TSX-V listing”, said White Canyon Managing Director, Peter Batten. “With a strong North American shareholder base and projects in Utah we expect an increased level of interest in the Company and its activities”. Read more
Lundin Mining to Sell Salave Gold Project
Lundin Mining Corporation (”Lundin” or the “Company”) (TSX:LUN)(OMX:LUMI) today reported that it has entered into an agreement with Dagilev Capital Corp (”DCC”) (TSXV: DCC.P) salave gold sales for projects in northern Spain. In closing, Lundin Mining will receive an advance payment of EUR 500,000 and 5,296,688 shares in DCC, representing 19.99% of the issued shares and the DCC. The Company will also be entitled to nominate one board member for the DCC Board of Directors. The Company will receive additional future payment of EUR 20 million of revenue by the DCC of all necessary approvals to construct and operate an open pit mining operation to produce a minimum of 800,000 ounces of gold. Sales conditional on several factors besides the content approval rules. If the underlying condition satisfied, the sale is expected to close on or about March 17, 2010. Read more
