Rohstoffthread (Archiv)

[dukezero]

Mainstream Minerals Applies for Coal Permits Near Hudson Bay, Saskatchewan
GOLDSOURCE MINES INC GXS
7/28/2008 11:44:50 AM
WINNIPEG, Manitoba, Jul 28, 2008 (PrimeNewswire via COMTEX News Network) --

Mainstream Minerals Corp. (TSX-V:MJO) is pleased to announce that the Company has submitted a number of coal permit applications encompassing approximately 45,546 acres just West of Hudson Bay, Saskatchewan. A recent coal discovery by Goldsource Mines Inc. (TSX-V:GXS) has attracted a lot of attention around this area.

The Company will keep the shareholders aware of any progress made regarding these coal permits that have been forwarded to the Government of Saskatchewan's permitting office. The time frame required to process the permit applications will be determined by the permitting office. Mainstream has submitted a deposit in trust for the permits to the Government of Saskatchewan's permitting office.

Coal structures of the Cretaceous age are generally very large and can sometimes encompass several thousand square kilometers. This recent coal discovery by Goldsource Mines Inc. is potentially the tip of the iceberg. The Company believes that this could be the beginning of a new major coal region in the mining-friendly province of Saskatchewan. The Company plans to aggressively explore its successful permits.

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. The Company's portfolio of properties is primarily located in the prolific Red Lake Gold Camp of Northwestern Ontario. The properties include -- (i) 50% of the Bobjo Mine project, (ii) 50 % of the Phyllis Lake project, (iii) 50% of the Woman Lake North of South Bay project, and (iv) 100 % of the Stake Lake project.

MJO Shares Outstanding: 18,176,087

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe MJO's future plans, objectives or goals, including words to the effect that MJO's management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Mainstream Minerals

Mainstream Minerals Corporation Lawrence Shewchuk, President & CEO (204) 222-0137 info@mainstreamminerals.com www.mainstreamminerals.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.

 

[dukezero]

Raytec Metals Corp. Granted Second Exploration Permit on KP452 Potash Claim

July 28, 2008, Vancouver, BC – Raytec Metals Corp. (the “Company”) (TSX.V – RAY) is pleased to announce the receipt of its second exploration permit from the government of Saskatchewan on the Company’s KP452 Potash claim in south-central Saskatchewan.

The KP452 exploration permit grants the Company the right to explore approximately 36,113 acres of prospective potash ground. The claim is located in the south-eastern portion of Saskatchewan’s Prairie Evaporite formation, approximately 380 kilometres southeast of the company's KP441 package of claims and lies approximately 42 kilometres southwest of the Mosaic Company-Compass Mineral Group's K-1 and K-2 potash-salt mines. It is also located 53 kilometres west of Potash Corp. of Saskatchewan's Rocanville potash-salt mine.

Data from the Saskatchewan Ministry of Energy and Resources indicate that EPAA KP452 is underlain by both the Belle plain and the Esterhazy potash members. The Company is currently researching if past exploratory drilling has been conducted on the claim.

“We ar e very pleased with the pace at which we are receiving the permits,” states Brian Thurston, President of Raytec. “At this rate, we may be able to receive all of our exploration permits by the end of the summer, giving us the ability to formulate a comprehensive potash exploration and drilling program for the fall of 2008 and into 2009.”

The company is now awaiting the receipt of exploration permits on its KP455, KP466, KP467 and KP500 claims which are contiguous with the KP441 potash claim. The company will be making announcements as each is received.

About Raytec:

Raytec Metals Corp. is a dynamic Canadian exploration company focused on the development of nearly 250,000 acres of potash claims located in Saskatchewan, Canada -- the largest producing region for potash in the world. The potash claims are located near several world-class potash mines in production since the 1960s and are directly adjacent to claims held by BHP Billiton. The company also holds iron ore projects in Ontario and uranium projects in the Athabasca Basin of Saskatchewan. Active work programs are plann ed for all projects in the fall of 2008.

 

[dukezero]

Usmanov buys into Australian miner to develop iron ore in Peru
Russian metals billionaire Alisher Usmanov has agreed to buy a 27 percent stake in Australian mining firm Strike Resources.

Gallagher holdings, Usmanov's investment company, will buy 37 million shares for AU$2.75 apiece. Approval will be sought from Strike shareholders and the Australian Foreign Investment Review Board before the purchase can be completed.

Strike will use the money raised to develop a 2.3 billion dollar iron ore project in Peru. aufmerksam

Last week, Russia's EVRAZ bought a stake in another Australian miner, Cape Lambert.



70 km weiter ist CRR!

 

[dukezero]

Jul 29, 2008 03:01 ET
Canasia to Acquire 100% Interest in Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2008) - Canasia Industries Corporation ("Canasia") (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) wishes to announce that it has entered into an Asset Purchase Agreement to acquire 100% interest in the Debut Gold Property, consisting of 16 claims near Elko, Nevada.

In December 2006, Canasia entered into an option agreement to earn a 50% interest in the property for consideration of spending $1,000,000 in exploration over ten years. The Asset Purchase Agreement requires Canasia to pay the vendor $35,000 and to issue 250,000 common shares of Canasia, subject to a 30 due diligence period and regulatory approval. This agreement supersedes the previous agreement.

Graeme Sewell, a director of Canasia, stated, "The Company is now in the process of acquiring 100% of the Debut Gold Property with a goal of entering into a joint venture for the exploration and/or development of the property."

If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.

Graeme Sewell, Director

Canasia Industries Corporation

 

[dukezero]

Jul 29, 2008 06:00 ET
WestCan Uranium Corp. Applies for Additional Saskatchewan Coal Permits

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2008) - WestCan Uranium Corp. ("WestCan"; "the Company") (TSX VENTURE:WCU)(FRANKFURT:IAR) announces that the Company has made application for additional coal permits covering 9,600 hectares southwest of Wapawekka Lake and southeast of Lac La Ronge near the intersection of Highways 165 and 912, in accordance with the Coal Disposition Act of Saskatchewan. The time frame for granting of the permits is dependent upon regulatory requirements to process the applications.

Dr. K.W. Geiger Ph.D., P.Eng., P.Geo., a director of the Company, was recently in La Ronge with an advance exploration crew, researching historical coal documents and urged management to apply for the additional permits. In the project area, outcrops of coal have been reported on the south shore of Wapawekka Lake near Hart Point and Wapaw Bay, as well as along the Bow River south of Lac La Ronge.

According to Saskatchewan Exploration and Development Highlights 2007: The Bow River coal field was investigated in the mid 1970's by Brascan Resources Limited, who completed 72 drill holes and identified shallow lignite, a coal which is suitable for thermal power generation. Santoy Resources Ltd. which now owns the project, completed 16 vertical HQ diamond drill holes in May 2006 with the intention of verifying coal and overburden thicknesses. Santoy subsequently reported that results from the preliminary drilling were positive and revealed that coal seams in the area are more numerous, substantially thicker and of apparently better rank than indicated by past exploration programs. All of the coal intersections are relatively shallow with most within approximately 250 ft (76 metres) of surface.

Chris England, President & CEO of WestCan, commented, "The recent research by Dr. Geiger in Regina and Lac La Ronge continues to provide positive data which reinforces management's decision to selectively apply for new coal permits in this area."

Management will keep WestCan shareholders aware of the status of the coal permits, which have been filed with the Saskatchewan Ministry of Energy and Resources, located in Regina, Saskatchewan.

On behalf of the Board of Directors

Chris England, President and CEO

WestCan Uranium Corp.

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

[Fischlaender]

eigntlich haben die noch genug cash...

aber wenn sie jetzt bis zu 4,5 mio einnehmen koennen ists auch ok, da ein Grossteil der Warrants verfallen ist

Jul 29, 2008 07:48 ET

Latin American Minerals Announces Bought Deal Private Placement Financing

TORONTO, ONTARIO--(Marketwire - July 29, 2008) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.

Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Corporation") is pleased to announce a bought deal private placement for gross proceeds of up to $3,000,000 (the "Financing"). The Corporation intends to sell up to 10,000,000 units (the "Units") at a price of $0.30 per Unit. Each Unit will be comprised of one common share of the Corporation and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one Common Share at a price of $0.50 per Common Share exercisable for a period of eighteen months from the date of issue. Dundee Securities Corporation and PowerOne Capital Markets Limited (the "Underwriters") have been engaged as the underwriters for the Financing. The Underwriters also have the option, exercisable at their sole discretion, to increase the size of the Financing by up to 5,000,000 Units, on the same terms and conditions, such right being exercisable at any time and from time to time, in whole or in part, up to 48 hours prior to the closing of the Financing.

In consideration for their efforts, the Underwriters will be paid a commission of 5% of the total proceeds raised in the Financing upon closing payable in cash. In addition, the Underwriters will receive underwriters' warrants ("Underwriters' Warrants") entitling the holders thereof to purchase in the aggregate that number of Units of the Company which is equal to 5% of the number of Units sold under the Financing. Each Underwriters' Warrant will be exercisable to acquire one Unit for a period of eighteen months from the closing at a price of $0.30 per Unit.

The Company plans to use the net proceeds from the Financing for working capital and general corporate purposes. Closing of the Financing is scheduled to occur on or about August 15, 2008 and is subject to usual closing conditions, including approval of the TSX Venture Exchange.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects in under-explored but highly prospective countries of Latin America.

 

[Fischlaender]

Kosovo Explorer Lydian

Jul 29, 2008 08:30 ET

Lydian Intersects Best Grades Yet; 13m @ 21.0% Zinc, 7.1% Lead at St. Barbara Area (Drazhnje Project) in Kosovo

TORONTO, ONTARIO--(Marketwire - July 29, 2008) - Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced further results from current drilling, which includes some of the best grades yet, from the St. Barbara area of the Drazhnje project in Kosovo (Table 1 below). The Company also provided a progress update on the re-opening of underground access at Drazhnje.

 

[Fischlaender]

so, da steckt Lateegra mit drin, hatte ich mir schon gedacht...

Jul 29, 2008 08:30 ET

Pacific Ridge Adds to Extensive Sedimentary Phosphate Land Holdings in East-Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2008) - Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) continues to build a strong portfolio of phosphate projects with the recent acquisition of the Wapiti Property, located south of Tumbler Ridge in east-central British Columbia. The Wapiti Property is centrally located within Pacific Ridge's extensive phosphate holdings which now cover over 500 square kilometres.

Wapiti Property

The Wapiti property consists of 15 claims totalling over 68 square kilometres and covers an approximate 18 kilometre-long strike length of prospective phosphate bearing sedimentary rocks ranging in thickness of up to three metres. The historical exploration program of trenching and diamond drilling that was completed by Esso Resources Canada Ltd. during 1980, identified sedimentary phosphatic units over a 5 kilometre zone. The initial diamond drill program of 8 holes reported intercepts averaging 23.5% P2O5 over 1.2 metres to a depth of 90 meters.

The Letter of Understanding

Under the terms of a Letter of Understanding with Lateegra Gold Corp. ("Lateegra"), Pacific Ridge will, upon execution of a letter agreement, pay $5,000 and issue 200,000 shares in the capital of Pacific Ridge to Lateegra. Pacific Ridge will then have the option to make exploration expenditures totalling $1.0 million over the ensuing 36 months to earn a 51% interest in the property.

Upon earning an initial 51% interest in the property, Pacific Ridge may elect either to:

- form a joint venture (51% Pacific Ridge and 49% Lateegra); or,

- increase its interest in the Property to 65% by paying a further $250,000 and issuing a further 1.0 million shares to Lateegra, and incurring an additional $1.0 million in exploration expenditures on the property over the ensuing 24 months, after which a joint venture would be formed (65% Pacific Ridge and 35% Lateegra). Non-contribution by a party to the joint venture would result in dilution of interest to a 2% Gross Royalty subject to by out for $2.0 million.

The Letter of Understanding is subject to TSX-Venture Exchange approval.

General Phosphate Information

Phosphate mineralization is mined and then concentrated to phosphate rock, from which phosphoric acid (SPA) is produced. SPA, grading in the range of 70% P2O5, has seen a recent price increase to over $1,000 per tonne and is a key component in the manufacture of fertilizer products.

Exploration Plans for 2008

As previously reported, Pacific Ridge's phosphate exploration program is underway and work on the Wapiti property will now be included in that work plan. The Pacific Ridge field crew is verifying known surface deposits of phosphate mineralization through a sampling and mapping program at the Tumbler Ridge Phosphate Project, and will commence a field program of sampling the Wapiti phosphate horizons to both verify and expand on historic exploration results.

Pacific Ridge's disclosure of a technical or scientific nature has been reviewed by Wayne J. Roberts, P.Geo and Vice-President Exploration for Pacific Ridge, a Qualified Person under the definition of National Instrument 43-101.

John S. Brock, President

 

[Fischlaender]

von denen hier hab ich schon ewig nix gehoert...

Jul 29, 2008 08:30 ET

RSM Has Acquired a 100% Interest in a Coal Project in Eastern Kentucky

RSM has appointed an additional director to the Board of Directors, to include appointments to fill the positions of Chief Financial Officer and Treasurer
PIKEVILLLE, KENTUCKY--(Marketwire - July 28, 2008) - Royal Standard Minerals Inc., RSM (TSX VENTURE:RSM) (OTCBB:RYSMF) has acquired a 100% interest in a surface mine coal project in Wolfe County, Kentucky. This transaction closed on July 28, 2008. The transaction cost was $431,000 to include $250,000 to acquire the project and $181,000 reclamation bond to cover the state of Kentucky reclamation requirements for this property. The property consists of approximately 1,000 acres of coal mineral rights under lease to include an equivalent 7% royalty on produced coal product. Mr. Roland M. Larsen, Qualified Person, has reviewed and approved this press release.

 

[Fischlaender]

gerade auch im Tradingthread gehabt, jetzt hab ich mich aber umentschieden, Exeter (wieder) von kurz- auf mittelfrist ins Depot, Super Struktur!

CORPORATE DETAILS
Capital Structure
As of July 14, 2008

Issued & outstanding: 50,014,092
Warrants outstanding: 505,700
Options outstanding: 7,035,670
Fully diluted: 57,555,462

wie fast alle anderen Explorer momentan schwach, aber bei den Aussichten!

Fischlaender schrieb am 29.07.2008, 15:19 Uhr[/url]"]da steht noch ein netter Newsflow an demnaechst

The assay results of over 50 drill holes are expected over the coming weeks, and following
and compilation, the significant results will be updated regularly in news releases.

das ganze kombiniert mit dem Chile Projekt, wo unlaengst intercepts von 700m a 1 g/t Au und 0,35% Cu gebohrt wurden ("Caspiche", was man intern mit Kinross' "Cero Casal" vergleicht, da hat Kinross juengst 22mio Oz Au und 5 mrd lb Cu vermeldet!)

Fischlaender schrieb am 29.07.2008, 15:07 Uhr[/url]"]Exeter mal was long

Jul 29, 2008 09:01 ET

Exeter Resource Corporation: Drilling Locates Major Extensions to Escondida Vein With Bonanza Gold-Silver Grades at Cerro Moro, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2008) - Exeter Resource Corporation (TSX VENTURE:XRC)(AMEX:XRA)(FRANKFURT:EXB) ("Exeter" or the "Company") reports that diamond drilling has returned 3.55 metres (11.6 feet) at a grade of 471.9 grams per tonne gold (13.68 ounces per ton) 400 metres (1,312 feet) southeast of the previously known high grade mineralization on the Escondida vein system. This is the highest grade drill intersection returned to date at Cerro Moro in Santa Cruz Province, Argentina and opens an additional potential 2.3 kilometre (1.4 miles) southern extension to the high grade mineralized Escondida Vein which had previously been traced over a distance of two kilometres (1.2 miles).

 

[spider]

Was ist denn mit AE6 los Sieht eher nach weiterm Rutsch, statt Rebound auf die 0,8

Bin noch drinnen zu 0,61

 

[dukezero]

spider schrieb am 29.07.2008, 18:25 Uhr[/url]"]Was ist denn mit AE6 los Sieht eher nach weiterm Rutsch, statt Rebound auf die 0,8
» zur Grafik
Bin noch drinnen zu 0,61

Wenn das PP über die Bühne ist, sollte Entspannung in den Wert kommen.

 

[dukezero]

Kommt ganz langsam. 0,50€

dukezero schrieb am 28.07.2008, 09:39 Uhr[/url]"]Mal nach vorne holen!

Ollinho schrieb am 27.07.2008, 15:55 Uhr[/url]"]Aktuelle Information zur Entwicklung und kommenden Newsflow bei -CRR- Cuervo Resources!


Habe kürzlich umgehend Antwort auf einen recht ausführlichen Fragekatalog von Tom Berner
(IR-Abteilung) erhalten:



By the end of July, Cuervo will publish it's NI 43-101 Resource Report.

The Huillque zone is being drilled now, and results will be released
throughout August-September.

The road to the Aurora Zone will be finished shortly, and a drill will
commence in August, with results by September-October.

A geophysical survey on the complete Cerro Ccopane property is presently
being done, with results expected by October, which will identify more
mineral zones for drilling.

A metallurigical study will be published in November-December, which will
clarify the iron ore processing methods and costs.

A transportation study will be published in December-January, which will
clarify transport methods and costs.

I hope this answers your questions.

Cuervo Resources Inc.
Tom Berner
Investor Relations
1-416-203-3957 ext. 202
investors@cuervoresources.com

 

[Ollinho]

Laut aktueller Info von Tom Berner klappt es diese Woche mit dem NI!

dukezero schrieb am 30.07.2008, 09:26 Uhr[/url]"]Kommt ganz langsam. 0,50€

dukezero schrieb am 28.07.2008, 09:39 Uhr[/url]"]Mal nach vorne holen!

Ollinho schrieb am 27.07.2008, 15:55 Uhr[/url]"]Aktuelle Information zur Entwicklung und kommenden Newsflow bei -CRR- Cuervo Resources!


Habe kürzlich umgehend Antwort auf einen recht ausführlichen Fragekatalog von Tom Berner
(IR-Abteilung) erhalten:



By the end of July, Cuervo will publish it's NI 43-101 Resource Report.

The Huillque zone is being drilled now, and results will be released
throughout August-September.

The road to the Aurora Zone will be finished shortly, and a drill will
commence in August, with results by September-October.

A geophysical survey on the complete Cerro Ccopane property is presently
being done, with results expected by October, which will identify more
mineral zones for drilling.

A metallurigical study will be published in November-December, which will
clarify the iron ore processing methods and costs.

A transportation study will be published in December-January, which will
clarify transport methods and costs.

I hope this answers your questions.

Cuervo Resources Inc.
Tom Berner
Investor Relations
1-416-203-3957 ext. 202
investors@cuervoresources.com

 

[Ollinho]

Was meinste bis wohin haben wir Aufwärtspotential im Kurs bei gutem NI Report?

Deine Einschätzung? thx..

Ollinho schrieb am 30.07.2008, 09:35 Uhr[/url]"]Laut aktueller Info von Tom Berner klappt es diese Woche mit dem NI!

dukezero schrieb am 30.07.2008, 09:26 Uhr[/url]"]Kommt ganz langsam. 0,50€

dukezero schrieb am 28.07.2008, 09:39 Uhr[/url]"]Mal nach vorne holen!

Ollinho schrieb am 27.07.2008, 15:55 Uhr[/url]"]Aktuelle Information zur Entwicklung und kommenden Newsflow bei -CRR- Cuervo Resources!


Habe kürzlich umgehend Antwort auf einen recht ausführlichen Fragekatalog von Tom Berner
(IR-Abteilung) erhalten:



By the end of July, Cuervo will publish it's NI 43-101 Resource Report.

The Huillque zone is being drilled now, and results will be released
throughout August-September.

The road to the Aurora Zone will be finished shortly, and a drill will
commence in August, with results by September-October.

A geophysical survey on the complete Cerro Ccopane property is presently
being done, with results expected by October, which will identify more
mineral zones for drilling.

A metallurigical study will be published in November-December, which will
clarify the iron ore processing methods and costs.

A transportation study will be published in December-January, which will
clarify transport methods and costs.

I hope this answers your questions.

Cuervo Resources Inc.
Tom Berner
Investor Relations
1-416-203-3957 ext. 202
investors@cuervoresources.com

 

[dukezero]

Für mich sind das aus steuerlicher Sicht Longplays AE6,Cardero, CRR, obwohl meine Posies nicht so gross sind. Bei CRR sollten die 0,60 drin sein.Der weitere Newsflow könnte sie auch noch höher bringen.

Ich rechne mit 70 Mio t plus x. Sollte es an die 100 Mio gehen wird der Kurs deutlicher steigen.

 

[dukezero]

Optimal über 0,65€, dann hätten wir ein Kaufsignal.

 

[Ollinho]

dukezero schrieb am 30.07.2008, 10:26 Uhr[/url]"]» zur Grafik

Optimal über 0,65€, dann hätten wir ein Kaufsignal.

Langfristig könnte der Bereich um die 0,40 Euro der Wendepunkt gewesen sein.

Kurzfristig steht der MACD vor einem Kaufsignal. Mein 1. Kursziel bei (vorausgesetzt) gutem NI Report ist die 38 Tagelinie im Bereich 0,60-0,65 Euro.

12 Monatschart FFM:

3 Monatschart FFM:

 

[dukezero]

Sehe ich auch so.

Am Montag ist teilweise ein Feiertag in Canada.

 

[dukezero]

UPDATE: Arcelor Mittal begeistert die Anleger mit starkem Quartal
30.07.2008 - 09:45

LONDON (Dow Jones)--Der Stahlkonzern Arcelor Mittal Group hat mit seinem Quartalsergebnis die Erwartungen des Marktes übertroffen und seiner Aktie einen deutlichen Kurssprung beschert. Arcelor Mittal klettern bis gegen 9.38 Uhr MESZ um 7,6% auf 57,36 EUR und sorgt für Rückenwind bei dem Branchenindex Rohstoffe.

Arcelor Mittal hat dank höherer Produktionsmenge und gestiegener Preise den Nettogewinn mehr als verdoppelt. Hermann Reith, Analyst bei der BHF Bank, nennt die Zahlen "unglaublich" und weist auch auf das angehobene Gewinnziel für das dritte Quartal hin. Ein Londoner Analyst bezeichnet die Zahlen als "absolut spektakulär".

Von Juli bis September will das Luxemburger Unternehmen ein EBITDA über 8,5 Mrd USD erwirtschaften. Dazu sollen das Wachstum bei Absatz und Preisen in den meisten Regionen und Bereichen beitragen. Die höhere Prognose kommt deshalb überraschend, weil typischerweise das dritte Quartal wegen der saisonal schwachen Nachfrage das schlechteste des weltgrößten Stahlkonzerns ist, sagen Analysten.

Im zweiten Quartal erzielte Arcelor Mittal einen Nettogewinn von 5,84 Mrd USD. Im Vorjahr standen unter dem Strich 2,72 Mrd USD. Analysten hatten mit 4,02 Mrd USD gerechnet.

Das EBITDA des Konzerns wuchs um 51% auf 8,05 Mrd von 5,33 Mrd USD und lag damit auch über den Analystenerwartungen von 6,73 Mrd USD. Das Wachstum beim Gewinn entstammt einem Anstieg des Umsatzes um 39% auf 37,84 Mrd von 27,22 Mrd USD.

Die Stahlpreise haben sich weltweit wegen höherer Rohstoffpreise und einer robusten Nachfrage aus den Schwellenländern erhöht. Die Produktionsstandorte arbeiten unter hoher Auslastung angesichts globaler Kapazitätsengpässe.

Arcelor Mittal verkauft den Großteil der Produktion auf dem Spotmarkt und hat von den höheren Preisen profitiert. Reith deutet die EBITDA-Prognose für das dritte Quartal als Zeichen, dass es dem Unternehmen gelungen sei, die höheren Rohstoffpreise an die Kunden weiterzugeben. Vor allem Automobilhersteller verpflichten sich zu langfristigen Lieferverträgen.

Die Ergebnisse reflektieren unsere breite Wertschöpfungskette, zu der auch wesentlich der Bergbau gehört", sagt Lakshmi Mittal, CEO und Chairman des Herstellers. "Wir werden weiter nach Möglichkeiten Ausschau halten, unsere Selbstversorgung mit Rohstoffen auszuweiten".

(END) Dow Jones Newswires
July 30, 2008 03:45 ET (07:45 GMT)

 

[dukezero]

Stuttgart Western Potash hat die erste Phase seines Bohrprogrammes abgeschlossen.

So konnte man auf der Russell-Miniota-Liegenschaft in Manitoba das erste von zunächst fünf Bohrlöchern bereits abschliessen und mit den Bohrungen am zweiten Bohrziel beginnen. Die erhaltenen Bohrkerne wurden an das Saskatchewan Research Council zur näheren Untersuchung geschickt.

Darüber hinaus hat Western Potash alle Genehmigungen für die Durchführung eines seismischen 2D-Programms in Manitoba erhalten. Die seismischen Untersuchungen werden sich über eine Gesamtstrecke von 175km quer über die Russell-Miniota-Liegenschaft hinziehen.

 

[dukezero]

Jul 30, 2008 06:10 ET
Hoku and Jiangxi Kinko Energy Sign $298 Million Polysilicon Supply Contract

Hoku Updates Plant Financing Strategy, Reports Polysilicon Production Fully Allocated
Highlighted Links


www.hokuscientific.com

POCATELLO, ID and SHANGHAI, CHINA--(Marketwire - July 30, 2008) - Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (NASDAQ: HOKU), established to manufacture and sell polysilicon for the solar market, and Jiangxi Kinko Energy Company, Ltd., a manufacturer of silicon ingots, wafers and related products in China, today announced the signing of a definitive contract for Hoku's sale and delivery of solar-grade polysilicon to Kinko Energy over a ten-year period beginning in late-2009.

According to the contract, up to approximately $298 million may be payable to Hoku during the ten-year period, subject to product deliveries and other conditions. The take-or-pay contract provides for the delivery of predetermined volumes of polysilicon each year, with the first shipment in the second half of 2009 and the remainder over a ten-year period at set prices that will decline throughout the term of the agreement. The contract also provides for an initial deposit of $10 million to Hoku, and requires that Kinko Energy make additional prepayments for products in the amount of $20 million by December 20, 2008 and an additional $25 million by March 31, 2009. Under the agreement, Hoku will grant to Kinko Energy a security interest in its polysilicon assets to secure Hoku's obligation to repay $55 million to Kinko Energy as a credit against product shipments over time.

"We are pleased to have established a relationship with Kinko Energy, an emerging player in the global silicon ingot and wafer industries," said Dustin Shindo, chief executive officer of Hoku Scientific. "Kinko Energy's strategic approach and their focus on growth in the solar market make them an excellent long-term partner for Hoku."

"We are excited to partner with Hoku and look forward to a long and productive business relationship," said Kinko Energy chairman, X.D. Li. "Hoku is a clear leader among new polysilicon market entrants, and securing this long-term supply agreement is an important part of Kinko Energy's future expansion goals."

The agreement with Kinko Energy contributes to the financing needed by Hoku to complete its planned Idaho production facility. Previously, Hoku had announced plans to fund the $390 million polysilicon plant through $240 million from customer pre-payments and $40 million of its own cash, with the remaining $110 million to come from a combination of pre-payments from new customers, and from debt, equity and other financing strategies. Under the terms of the agreement with Kinko, up to $55 million could be applied toward this remaining $110 million, potentially reducing it by half.

"We plan to continue with our equity distribution agreement and other funding strategies, but do not expect we will need to sell as many shares to complete our plant financing," Shindo said. "The contract with Kinko Energy provides $10 million in near-term funds which will be deployed during our ramp-up to pilot production. And, with a total of $30 million expected from Kinko before the end of 2008, the agreement reduces our risk of not meeting the financing contingencies in some of our other customer supply contracts."

With the signing of the Kinko Energy agreement, Hoku also confirmed that the plant's expected annual production of 3,500 metric tons (MT) of polysilicon had been fully allocated.

"Looking over a ten year period, we are actually slightly oversold at current planned capacity," said Shindo. "As we have previously stated, though, Hoku is in ongoing contract amendment discussions with both Sanyo and GEWD/Solar Fabrik. We are generally seeking to strengthen these two relationships, but we may adjust delivery amounts or timing to either Sanyo or GEWD, or both, to address this slight overage."

About Hoku Scientific, Inc.

Hoku Scientific, Inc. (NASDAQ: HOKU) is a diversified clean energy technologies company with three business units: Hoku Materials, Hoku Solar and Hoku Fuel Cells. Hoku Materials plans to manufacture, market, and sell polysilicon for the solar market from its plant currently under construction in Pocatello, Idaho. Hoku Solar is a provider of turnkey photovoltaic systems in Hawaii. Hoku Fuel Cells has developed proprietary fuel cell membranes and membrane electrode assemblies for stationary and automotive proton exchange membrane fuel cells. For more information visit www.hokuscientific.com.

Hoku ®, Hoku Scientific ®, Hoku Solar™ and Hoku Fuel Cells™ are trademarks of Hoku Scientific, Inc., and Hoku Materials™ is a trademark of Hoku Materials, Inc.

About Jiangxi Kinko Energy Company, Ltd.

Jiangxi Kinko Energy Co., Ltd. is one of the largest emerging manufacturers of solar industry silicon products and semiconducting materials in China. Specializing in the production of silicon ingots, blocks and wafers, Kinko Energy's silicon industry assets currently include mono-crystalline furnaces, polycrystalline ingot casting furnaces, wire cutting and chipping equipment, and related production facilities, among others. Jiangxi Kinko Energy Company, Ltd. is affiliated with DeSun Solar Company, Ltd. (Group) and is a privately held, overseas funded, high technology enterprise whose investors include Hong Kong Paker Technology Company, Ltd. For more information, visit www.kinkosolar.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve many risks and uncertainties. These statements relate to the timing and amount of financing Hoku Scientific and Hoku Materials will need to raise to complete the engineering, procurement, and construction of their planned polysilicon production plant; Hoku Materials's ability to successfully derive revenues from the sale of polysilicon to Jiangxi Kinko Energy Company, Ltd.; the timing of when Hoku Materials expects to receive an aggregate of $55 million in prepayments from Jiangxi Kinko Energy Company, Ltd.; the ability of Hoku Materials to engineer and construct a production plant for polysilicon; its ability to produce polysilicon; its ability to meet the delivery schedule in its agreement with Jiangxi Kinko Energy Company Ltd.; Kinko Energy's expansion plans; Hoku Materials's relationship with Sanyo and Global Expertise Wafer Division and the terms of any amended agreements with each of Sanyo and Global Expertise Wafer Division, respectively; Hoku Scientific's future financial performance; its business strategies and plans; and objectives of management for future operations. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause Hoku Scientific's actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. In evaluating these statements, you should specifically consider the risks described in Hoku Scientific's respective filings with the Securities and Exchange Commission, as applicable. Except as required by law, Hoku Scientific assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.


Arise arbeitet mit Poly silizium!

 

[Fischlaender]

Jul 30, 2008 07:00 ET

Western Potash Corp. Completes First Potash Exploration Well and Confirms Presence of Potash Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2008) - Western Potash Corp. (the "Company") (TSX VENTURE:WPX)(FRANKFURT:AHE) is pleased to announce that it has completed its first potash exploration well within the Russell-Miniota Exploration Permits in Manitoba. These permits comprise 555 square kilometers, are adjacent to BHP Billiton's Potash Lease and Agrium's Exploration permits along the Manitoba border, and lie within 13km of Saskatchewan Potash Corp.'s Rocanville potash mine.

The first hole, drilled vertically, was completed at a total depth of 935m. Coring commenced at a depth of 850m, and intersected the Prairie Evaporite Formation at a depth of 876.5m. The Prairie Evaporite was the target geologic sequence, which, is the host to Potash (KCl) throughout the mines in Saskatchewan and in particular at the adjacent Rocanville mine, in the form of sylvite.

At about 882m to 885.8m in depth a gradual change to the main potash mineralized zone occurs and is interpreted, based on currently available information, to represent the potash bearing Esterhazy Member. The Esterhazy consists primarily of a mixture of halite and sylvite. Only small amounts of insolubles were noted. The Esterhazy member is the one being exploited at the nearby Rocanville mine.

Samples from the main potash zone will now be submitted for analysis at the Saskatchewan Research Council laboratory (SRC) in Saskatoon, SK. Results from SRC are estimated to be available within 6 to 8 weeks time.

Construction of a new drill site has been completed and mobilization of the drill is underway. The Company plans to complete an initial five potash exploration wells with an option to extend the program by an additional 10 wells, as results warrant.

The Company has now obtained all required permits and licenses to complete a $1.2 million, 175 line km 2-D seismic survey on the property to assist in its interpretation of the salt and potash sequence in the area. Line surveying has commenced, and data acquisition within high priority areas will start later this week. Prospective salt beds indicated by these seismic surveys will be further tested with additional drilling as part of the ongoing exploration programs.

The Company also reports that it has co-participated with several institutions in a private placement of a recently incorporated private junior potash exploration company that has acquired several concessions in Australia. The Company has acquired 1,000,000 units at $0.10 per unit, with each unit made up of one share and one full warrant, each warrant exercisable at $0.20 per share for a period of one year expiring July 14, 2009, and also acquired an additional 6,666,667 units at $0.30 per unit, with each unit made up of one share and one half of one (1/2) warrant, each full warrant exercisable at $0.50 per share for a period of one year expiring July 23, 2009.

Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.

 

[dukezero]

Advanced Explorations Inc. Closes Private Placement First Tranche of $5,986,700
ADVANCED EXPLORATIONS INC AXI
7/30/2008 7:32:32 AM
TORONTO, Jul 30, 2008 (Canada NewsWire via COMTEX News Network) --

Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that it has received commitments in excess of $6,000,000 in respect to the financing announced July 23, 2008. The Company, subject to TSX Venture Exchange approval, will close an initial tranche of the placement of 5,442,453 Flow Through (FT) shares at $1.10 per FT share to raise a total of $5,986,700 with the remainder of the financing anticipated to close by August 1st, 2008. The FT Shares will be subject to a four-month hold period from the date of Closing.

The Company shall use the proceeds of the offering for the further development of the Roche Bay Magnetite Project in Nunavut and unallocated working capital. The flow-through funds raised will be used for general exploration expenditures, which will constitute Canadian exploration expenses (as defined in the Income Tax Act) and will be renounced for the 2008 taxation year.

In connection with this closing the Company will pay Finder's Fees totaling $463,976 in cash and 316,347 share warrants. The finder's warrants will have a strike price of $1.10 and a 2 year term. The Company wishes to acknowledge the assistance of Wellington West Capital Markets Inc, PI Financial Corp. and Ensign Capital Inc. in completing this financing.

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project, which was acquired in June 2007, as well as, to develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbour which makes it potentially one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit www.Advanced-Exploration.com.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE

 

[dukezero]

Corridor and Petroworth Revise PEI Exploration Agreement

HALIFAX, NOVA SCOTIA--(Marketwire - July 30, 2008) - Corridor Resources Inc. (TSX:CDH) reported today that it has entered into a revised agreement with PetroWorth Resources Inc. regarding natural gas exploration activities on Prince Edward Island. Under the terms of the revised agreement PetroWorth will finance 100% of the costs of fracturing and testing the initial two zones in the Green Gables #3 well in early August to a maximum cost of $2 million to earn a 10% working interest in Corridor's Green Gables licence 04-03. Corridor expects to announce the flow test results by the end of August. Corridor shall have the option (until September 5, 2008) to elect to locate and drill a total of two exploration wells (including at least one frac in each well) on lands comprising PetroWorth licences 03-01, 03-02, 04-05, 04-06 and 04-07 prior to July 31st, 2009 to earn a 50% working interest in these licences. Corridor and PetroWorth have also agreed that each shall have the right to back into a 50% working interest in any licence acquired by the other party on Prince Edward Island during the next five years. This new agreement revises the previous agreement between Corridor and PetroWorth announced on May 11th, 2007.

In drilling activities, the McCully I-47 well is drilling ahead in the horizontal leg of the well at a measured depth of 3620 meters in the "E" sand of the Hiram Brook formation. Corridor expects to complete drilling operations at this well this week and to undertake a fracturing program later this summer using the Packers Plus multi-stage fraccing technology. Corridor holds a 100% working interest in the I-47 well. Following completion of drilling operations at I-47, the Nabors Rig #86 is to be relocated to drill the South Branch G-36 exploration well, commencing around the second week of August.

The McCully N-66 horizontal well is drilling ahead at a measured depth of 1550 meters prior to setting intermediate casing. Corridor plans to drill this well horizontally through the "A" sand of the Hiram Brook formation (between the M-66 and K-66 wells) and to undertake a fracturing program later this summer using the Packers Plus multi-stage fraccing technology. Corridor and Potash Corporation of Saskatchewan each hold a 50% working interest in the N-66 well.

In other completion activities, Corridor reported that fracturing and initial testing operations are under way at the McCully P-67 and C-57 wells. Corridor expects to report on the flow test results for these wells following completion of testing operations in September, at which time the wells will be tied into the McCully gas gathering system and commence production to markets through Maritimes & Northeast Pipeline. Corridor and Potash Corporation of Saskatchewan each hold a 50% working interest in the P-67 and C-57 wells.

Well fracturing, completion and testing activities at McCully are also scheduled for several other wells this summer and fall, and will include operations at the McCully I-47, N-66, J-47, K-48 and C-48 wells. These wells, along with the E-67 well, are planned to be tied into the McCully gas gathering system during the late summer and early fall. Fracturing and testing operations are also planned for a well to be drilled at C-29 and for the three vertical shale gas wells to be drilled this fall at Elgin.

Corridor is a junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick, Prince Edward Island and Quebec and offshore in the Gulf of St. Lawrence. Corridor currently has reserves of natural gas at only one property, the McCully Field near Sussex, New Brunswick. In June 2007, Corridor completed the construction of a field gathering system, a gas plant and a pipeline lateral connecting the McCully Field to markets through the Maritimes & Northeast Pipeline.

Forward-Looking Statements

This press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan", "continuous", "estimate", "expect", "may", "will", "project", "should", or similar words suggesting future outcomes.

Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to Corridor and its shareholders.


Maps are available on Marketwire's website at the following address: http://media3.marketwire.com/docs/corr0730_fig.pdf

 

[Fischlaender]

fein fein

Jul 30, 2008 07:57 ET

East Asia Minerals Drills 41 Metres of 1.61 g/t Gold in New Sulphide Zone at Binebase

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) reports that drilling is continuing to encounter near surface oxide gold mineralization at its Binebase Project located on Sangihe Island, Sulawesi, Indonesia. Additionally, follow up drilling of the recently discovered sulphide zone on the central southern flank of the Binebase Gold Zone has encountered several thick intervals of primary semi-massive sulphide mineralization, including 41.00 metres of 1.61 g/t gold, below oxide gold mineralization. The Binebase Gold Zone remains open to the south and southeast.

 

[dukezero]

Jul 30, 2008 08:07 ET
Crowflight Finalizes Metals Price Protection Requirements for Debt Facility

TORONTO, ONTARIO--(Marketwire - July 30, 2008) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) today announced that it has begun drawing down on the $45 million Final Tranche Loan of its debt facility being used to fund development of the Bucko Lake Nickel Project near Wabowden, Manitoba.

Of the $45 million, $15.3 million will be used to pay the $15 million bridge facility plus interest, with the remainder to be applied to completing construction and ramp up of the Bucko Lake Mine. This credit facility requires a price protection strategy be put in place to limit the risk against falling nickel prices. On July 28, 2008, the Company entered into a forward sales contract agreements with the lender to implement a risk management strategy to manage commodity price exposure on nickel sales. Forward sale contracts were entered into from the fourth quarter of 2008 to the fourth quarter of 2012 for a total of 20.5 million pounds of nickel at a price of $8.49/pound.

Details are as follows:

- 2008 - 0.40 million pounds Nickel

- 2009 - 3.88 million pounds Nickel

- 2010 - 5.73 million pounds Nickel

- 2011 - 5.54 million pounds Nickel

- 2012 - 4.94 million pounds Nickel

This represents approximately 21% of the current NI 43-101 compliant proven and probable reserve base of 97.2 million pounds of contained nickel at Bucko. Further increases in the mineable reserve base will result in lower overall hedge percentages.

The forward sales contracts are considered derivative financial instruments and are used for risk management purposes and not for generating trading profits.

Crowflight Minerals - Canada's Next Nickel Producer

Crowflight Minerals Inc. (TSX VENTURE:CML) is a Canadian junior mining exploration and development company focused on nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin. The Company currently owns and/or has under option approximately 800 square kilometres of exploration and development properties in Manitoba and Ontario.

Crowflight's priority is to bring the fully-funded Bucko Lake Nickel Project located near Wabowden, Manitoba into production by the third quarter of 2008.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will". There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


Total Shares Outstanding: 269.6MM

Fully Diluted: 308.3MM

52-Week Trading Range: C$0.32 - $0.93

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 

[dukezero]

Fischlaender schrieb am 30.07.2008, 13:08 Uhr[/url]"]

Western Potash Corp. Completes First Potash Exploration Well and Confirms Presence of Potash Mineralization

Sollte die 2 te Bohrung mit entsprechendem Abstand ebenfalls eine Mineralisierung bestätigen.....

 

[Fischlaender]

dukezero schrieb am 30.07.2008, 14:13 Uhr[/url]"]

Fischlaender schrieb am 30.07.2008, 13:08 Uhr[/url]"]

Western Potash Corp. Completes First Potash Exploration Well and Confirms Presence of Potash Mineralization

Sollte die 2 te Bohrung mit entsprechendem Abstand ebenfalls eine Mineralisierung bestätigen.....

wird der naechste Buy-out von BHP noch vor Raytec schaetze ich

 

[Fischlaender]

Kosovo Explorer Lydian mit News vom 50:50 Newmont JV in Armenien

Jul 30, 2008 08:30 ET

Lydian Intersects 77m at 2.3g/t Gold at Its Amulsar High-Sulphidation Gold Discovery in Armenia
Gold mineralization now intersected in drill holes over 700m strike distance with potential to extend in all directions

TORONTO, ONTARIO--(Marketwire - July 30, 2008) - Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced results from further drilling at its Amulsar gold discovery in Armenia. Results from a further 7 holes have been returned (See Table 1 below). All drill holes returned gold intersections greater than 1g/t gold but best results were RCA-010, 77m at 2.3g/t gold (including 16m at 3.6g/t gold and 29.2g/t silver), DDA-007 with 63m at 1.1g/t gold, RCA-011 with 18m at 2.0 g/t gold and RCA-012 with 22m at 1.0g/t gold. Drill hole locations relative to surface rock-chip geochemistry are provided in Figure 1 in Appendix.