The World Bank says wheat prices have more than doubled since June 2010. Corn, rice and oil prices have also spiked, which means there are millions more hungry people worldwide. The dire situation brings together agriculture secretaries and ministers from the top 20 economies in the world. They convene today and tomorrow. Host Michel Martin [...]
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Medusa Mining (LON:MML, ASX:MLL,TSE:MLL) says it will produce between 100,000 and 110,000 ounces of gold at cash costs of around 0/oz in the forthcoming year – beginning 1 July.
As highlighted in the quarterly report – released on 27 April - the firm is significantly increasing its rate of underground development to around 800 metres per month.
This increased development is to prepare the mine for the hike in production rates under the firm’s expansion plans.
The company revealed today that it is upgrading the Agsao shaft at the Co-O mine in July and that its decision to remodel the current Co-O mill rather than choose another site will result in a cost saving.
The capital expenditure saving because of this is US million – taking the cost to around USmln, said Medusa.
Managing director Peter Hepburn-Brown said the firm was striving to improve its operations.
He said that the various work at the mine would ultimately mean the firm will be able to supply increased ore to the new Co-O mill early next year – when the mill is completed.
“It is also pleasing that we should now be able to achieve considerable savings on Capex with the new mill and that we are still on-track to receive permits for the expansion around late September,” said Hepburn-Brown.
The accelerated development program at the Co-O mine is essential to prepare it for the increased production rates required under the expansion plans, said Medusa.
The applications for the upgrade of the current Co-O Mill have been submitted and work around the current mill will begin in July this year to make room for the expansion, added the company.
Nuclear Energy Insider: NRC, DOE, Duke, Entergy and Exelon Discuss Rising Supply Chain Demand
In 2011 expanding nuclear projects are injecting tens of $billions into the U.S. nuclear supply chain.
(PRWEB) March 6, 2011
This year alone Exelon and Entergy are expanding their fleet-wide operations and maintenance developments, new build projects from Duke, STPNOC, Southern and SCANA are generating over bn for the supply chain and this is not to mention the huge DOE projects and Energy Park Initiatives which bring further financial gains to suppliers of the nuclear renaissance.
With projects like this rolling out in 2011Nuclear Energy Insider’s latest findings show the U.S. nuclear supply chain is worth in excess of 0bn.
As these milti-billion dollar projects ramp up, the demand for quality suppliers and contractors is huge and lucrative opportunities across the supply chain are now available – making competition fierce.
This makes 2011 the best time for contractors and suppliers to secure their place in the nuclear supply chain before it is too late.
In order for suppliers to meet buyers and overcome common issues Nuclear Energy Insider is hosting the 2nd Annual Nuclear Supply Chain Conference. This meeting is taking place in Charlotte NC on the 14-15 June and has 300 attendees joining Directors from NRC, DOE and Entergy as well as senior level decision makers from Exelon, Energy Future holdings, AREVA, Shaw and URS.
The 2 day conference will not only give the supply chain a unique opportunity to access the latest timelines and market intelligence but also challenge regulatory frameworks, see new contracting models and examine the supplier interface.
For more information on the 2nd Annual Nuclear Supply Chain Conference follow this link: http://www.nuclearenergyinsider.com/nuclear-supply-chain-conference/
Tommy Angell
Head of Emerging Markets
Nuclear Energy Insider
0044 (0) 207 375 7176
tangell (at) eyeforenergy (dot) com
###
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/03/prweb5132034.htm
This article (Nuclear Energy Insider: NRC, DOE, Duke, Entergy and Exelon Discuss Rising Supply Chain Demand) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
A little more than a year ago, Greek Prime Minister, George Papandreou, told the world that Greece did not have any financial problems. Soon after that, it transpired that the country was so short of cash, they urgently required financial assistance. A year later the situation in Greece is worse than what it was a year [...]
TransCanada Corporation announced that its US0 million Guadalajara Pipeline has been completed. The entire capacity of the 307-kilometre (192-mile), 30-inch-diameter pipeline is held under a…
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The interactive webinar is suited for construction contractors, owners, and their attorneys who are interested (or should be interested) in learning more about the pros and cons of joint ventures. This event will not serve as an abstract legal dissertation, but it will present and discuss issues surrounding joint ventures in a practical, commonsense way.
Read the full story at http://www.prweb.com/releases/2011/6/prweb8527275.htm
Clifton Star Resources (CVE:CFO), a junior mineral exploration company, reported on Friday that its joint venture partner Osisko Mining Corp. (TSE:OSK) has pulled out of its Duparquet mining project in Quebec.
Osisko had the right to acquire a 50% stake in the Duparquet project, located in the Abitibi region, in return for million in exploration expenditures from 2010 to 2013, as well as for extending loans to Clifton to fund option payments on the property.
In a statment today, Clifton said that Osisko had presented a budget for the current year that did not meet the minimum spending requirements under the joint venture deal.
According to Clifton, it then asked Osisko for clarification of its intentions, as no drilling been carried out on the property since last summer. Clifton decided to halt the trading of its shares yesterday to address rumours that Osisko had chosen to withdraw from the project, and has since received confirmation, resuming the trade of its stock.
Under the terms of joint venture option agreement, a 30-day notice is required prior to the termination becoming effective.
President and CEO of Clifton, Harry Miller, told Proactiveinvestors that the company views this development as positive, as it gives the Vancouver-based junior control of the operations once more, as well as the ability to drill on property that hasn’t been touched in a year.
He said four drills are currently standing by, until technical details with Osisko are sorted, with independent consultants currently evaluating a plan of action for the plus 5.3 million ounce project going forward. More information on the proposals will be released next week, added Miller.
The Duparquet gold project includes the Donchester, Beattie, Central Duparquet, and Duquesne tailings deposits. Just earlier this week, an updated measured and indicated resource was released for Donchester, totaling 1.33 million gold ounces, as well as an additional 302,000 ounces of inferred gold. Beattie’s estimate was also revised, and is now projected to host an in-situ inferred resource of 2.77 million ounces.
According to Miller, the estimated ounces on the entire project values Clifton at around per ounce, a severe discount to its Quebec peers, he said, making the company signficantly undervalued.
Miller re-iterated the company’s confidence in the property, citing its “ideal location”, surrounding infrastructure and historical production. Future potential partners are already being scouted, with a new experienced team set to takeover the operation.
“The company wishes to thank Osisko for the professional manner in which it carried out its obligations under the joint venture agreement and for advancing the project. The company looks forward to the opportunity of improving the projects viability,” Clifton said in the statement.
Clifton, with near million in its treasury, plans on drilling through the summer, fall and winter of this year for additional targets, with plans to engage in a pre-feasibility study by next spring. Production is expected in 2015.
Under the terms of the joint venture, if Osisko would decide to withdraw from the partnership, Clifton could decide whether to convert the entire amont of the loan made to the company into common shares of Clifton, at a conversion price of .12 per share, plus interest.
Separately, Clifton said that the company is actively looking for a replacement for Miller, who will not be extending his contract at the end of the year. Clifton shares lost 22 cents or 9.28% to .15 on Friday afternoon.
Gold traders estimated that Vietnam exported about 6 tons of gold in form of jewelry (over 0 million) in June 2011, the online media Thoi Bao Kinh Te Sai Gon reported June 17. Gold traders estimated that Vietnam exported about 6 tons of gold in form of jewelry (over 0 million) in June 2011, the [...]
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