Metso will supply the main components for the coated woodfree paper line’s off- machine coater at the Koryazhma Branch mill of Ilim Group in Koryazhma, Russia. The start-up of the off-machine coater is scheduled for the fourth quarter of 2013. The value of the order is approximately EUR 20 million. The main part of the order is included in Paper and Fiber Technology’s second-quarter orders received and the automation package in Energy and Environmental Technology’s second-quarter orders received. [Read more...]
Marifil Mines Ltd. announces that it has signed a definitive Letter of Intent (“LOI”) with Saccharum Energy Corp. of Calgary, AB, for the K-2 Potash property in Neuquen Province and the K-3 and K-4 Potash properties in Mendoza Province, Argentina. This LOI revises the original Agreement to include the terms of a proposed joint venture between the Company and Saccharum whereby Saccharum can earn up to a 70% interest in Marifil’s K-2, K-3, and K-4 properties.
In summary Saccharum agrees to pay Marifil US$1,500,000 in cash; pay Marifil up to 9,000,000 shares of Saccharum common stock, and perform a minimum of US$12,000,000 in work to earn a 70% interest in all three properties. [Read more...]
Mahdia Gold Corp is a publicly listed on the Canadian National Stock Exchange (CNSX) under the symbol MGD. The company’s website is: www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca.
Mahdia Gold Corp is pleased to announce the acquisition of the White Creek gold bearing property in Guyana.
The White Creek gold bearing property was the subject of a joint venture between Newmont and Stratagold (TSXV). [Read more...]
EIS Capital Corp. is pleased to announce it has entered into a letter of intent, subject to certain conditions, to acquire the business and assets of Max Oilfield Services Inc. (“MAX”). Based in Bonnyville, Alberta, MAX operates a well maintained modern fleet of specialized truck and trailer units. MAX provides a wide range of services to its customers including heavy hauling, picker & winch truck services, hotshot services & storage facilities.
The purchase price for the business and assets of MAX will be based on a total value of approximately $15,000,000, but subject to several adjustments related to working capital, normalized earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the trailing twelve-month period ended August 1, 2011, excluded assets, and 2011 capital expenditures. [Read more...]
The Northern Centre for Advanced Technology Inc. (NORCAT), under Canadian Space Agency contract, is developing innovative drilling technology which will shape the future of Canada’s contribution to future space missions. This project supports Canada’s role in the Global Exploration Strategy as a key component of the utilization of planetary resources for mission support.
The requirement for mining activity on the moon or near earth objects in support of robotic and human activity is paramount. In Situ Resource Utilization (ISRU) is the process of using existing resources to produce valuable elements in space, such as oxygen and water. [Read more...]
ICN Resources Ltd. is pleased to provide the following brief update on exploration activities at its newly acquired Goldfield Bonanza Project, located in Nevada’s historic Goldfield mining district. As previously announced, ICN finalized a Definitive Agreement with Lode Star Gold, Inc., a private Nevada corporation, in March to explore 31 patented claims lying in the western portion of this historic mining district. The claims optioned by ICN lie adjacent and immediately west of the ground currently being drilled by International Minerals Corporation. [Read more...]
Mill City Gold Corp. has released its plans for 2011 exploration at the Mount Hinton property located in Yukon, Canada.
The Company recently announced that it has entered into an option agreement with Rockhaven Resources Ltd. (TSX VENTURE:RK) (“Rockhaven”), in which Mill City has been granted the right to acquire a 100% interest in the Mount Hinton property (see press release dated April 12, 2011). The transaction is pending regulatory approval. [Read more...]