China Ming Yang Wind Power Group (NYSE:MY) a fast-growing wind turbine manufacturer in China, previously reported that the Company signed a cooperation intention agreement with a leading China-based independent power producer (”IPP”) relating to up to approximately 200MW of wind turbines for an offshore wind project in tidal flat areas located in Beibu Gulf area of China. Under the terms of the cooperation intention agreement, Ming Yang would provide 2.5/3.0MW SCD offshore wind turbines to the project while the IPP would be responsible for wind farm development. Pricing and other project development terms are expected to be based on the China 1GW Offshore Wind Farm Concession, which was announced in October 2010 and conducted under the direction of China’s National Energy Association.
China Ming Yang Wind Power Group Limited, through its subsidiaries, engages in the manufacture and sale of wind turbines and the provision of related maintenance services in the People’s Republic of China.
Global Hunter Corp. (TSX.V:BOB) (FSE:G5D) has previously arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by the Company to fund project expenses and for general working capital purposes.
Chiles Natural resources: copper, timber, iron ore, nitrates, precious metals, molybdenum, hydropower. Molybdenum is a valuable metal ore currently bringing $15.70 a pound, and Global Hunter Corp. had previously announced the results from the first 91.8 metres of core drilled in hole RS-D-08-123 averaging 0.070 percent molybdenum and 0.13 grams per tonne rhenium.
The molybdenum grade is 8.3 percent higher than the grade from the same interval in twinned hole RS-D-80-56. None of the previous operators had analyzed for rhenium. Rhenium is found together with other metals and range from 0.002 to 0.2 percent in molybdenum and is commercially only recovered as a by-product from molybdenite concentrates. It is a rare and valuable metal that currently trades at approximately US$12,100 per kilogram and is used for catalysts (in unleaded gasoline), electronic devices, thermocouples, temperature controls, heating elements, rhenium-molybdenum alloys and coatings, and Global Hunter has +18,000 hectare land package in the mineral rich coastal belt of the Andean Cordillera of Chile.
Global Hunter Corp. focus is on strategic and base metals, particularly copper and molybdenum. The Company has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile. Their exploration and development teams are on the ground rapidly advancing the La Corona de Cobre property near La Serena, Chile and the Rabbit South property in British Columbia, Canada. Either one of these projects could carry the company forward on a stand-alone basis, but together they bring the company additional stability, strength and value.
For more information about this company please visit http://www.globalhunter.ca/
Alliance New York Municipal Income Fund Inc. (NYSE:AYN) a closed-end management investment company, declared on this date, November 23, 2010, a monthly distribution of $0.0710 per share of Common Stock, payable December 17, 2010 to shareholders of record at the close of business on December 3, 2010. Exdate will be December 1, 2010. Alliance New York Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.
Alliance New York Municipal Income Fund, Inc. operates as a nondiversified, closed-end management investment company.
Orofino Gold Corp. (ORFG.PK) previously acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. By acquiring its interest in an established operating mine, Orofino has established itself as a serious participant in the effort to revitalize the Senderos de Oro mining scene. Furthermore, the local technical team from the Mina Azul/La Estrella Mine will assist the Company in its exploration and development efforts. This assistance will be particularly useful for the current properties under option to Orofino.
The Company’s shareholder representatives and key consultants have met with Colombian government officials to review their approach to the development of these properties. President Uribe (now to be President Santos) encouraged Artisanal miners to organize into co-operatives that will have legal status and will allow ORFG to partner with them on a long term basis. The company’s objectives of bringing social benefits to the Artisanal miners, and their communities, and to include them in the planning activities that affect their lives, match those of the Government.
Senior officials have offered full support of the government departments that facilitate and regulate exploration and mining activities.
Orofino Gold Corp. is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
For more information about this company please visit http://www.orofinogold.com
Miller Industries Inc. (NYSE:MLR) recently announced its subsidiary, Miller Industries Towing Equipment Inc., has been awarded orders to manufacture 250 recovery units for a prime contractor under a government-related order. These orders are scheduled to be delivered through the spring of 2011. An accelerated delivery schedule is anticipated due to the need to quickly recover damaged vehicles in the field of operations.
Miller Industries, Inc. engages in the manufacture and sale of vehicle towing and recovery equipment in North America and internationally.
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