Orofino Gold Corp. (ORFG)
Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Gold's average concentration in the Earth's crust is 0.005 parts per million. The technology of extraction is expensive primarily because the process always requires the manipulation of large physical quantities of ore for small results. The energy required heaving, grinding and process ore is itself valuable and places a lower limit on the quality of ore which can be profitably worked. Rising energy costs always impact gold mining viability.
Orofino Gold Corp.'s President Ary Pernett and Vice President of Development Alfonso Calderon hosted investors interested in a firsthand look at the company's Senderos de Oro projects. These visits come as investors consider the financial commitments necessary to fund exploration and provide modern mining techniques and equipment to the area.
The group spent four days in Colombia during which they had an opportunity to tour Orofino's active mine sites at La Azul, Culo Alzado, and Buena Sena. The visit offered investors an opportunity to observe current artisanal gold production, and an in-person view of Colombia's revitalized foreign investment opportunities and stability. Following this site visit, Orofino's directors and investors are expected to prepare for the company's future funding and development needs as it continues to expand exploration at Senderos de Oro.
Orofino Gold's strategy to become a recognized player in the Colombia mining sector began with the acquisition of the La Azul/La Estrella property in the Senderos de Oro region of Colombia, a Northern extension of South America's highly mineralized Andes Mountain Range. Development of this property has included acquisition of concessions for the surrounding lands, including adding the San Carlos and Culo Alzado properties, detailed analysis of historic geological and cultural records of the area, and regular mineral analysis of newly obtained resource samples.
In addition, Orofino Gold has acquired a database comprised of exploration and mining results from previous operators who left as a result of pre-21st century regional civil and economic instability.
For more information about Orofino Gold Corp., please visit their website: http://www.orofinogold.com
Stillwater Mining Company (NYSE:SWC) and United Steel Workers International Union reported that they have reached a tentative agreement on the terms of a new four (4) year labor agreement at the Stillwater Mine and Processing Facilities. The current contract, scheduled to expire on July 1, 2011, has been extended until July 9, 2011 at 12:00 p.m. (MDT). The members of United Steel Workers Local 11-0001 will vote on the new tentative agreement on Wednesday, July 6, Thursday, July 7 and Friday, July 8, 2011 at 3:00 p.m., 6:00 p.m. and 7:30 p.m. (MDT) at the Stillwater Pavilion (Little Metra) located in Columbus, Montana.
Stillwater Mining Company engages in the development, extraction, processing, refining, and marketing of palladium, platinum, and associated metals in south central Montana, the United States.
Cleantech Transit Inc. (CLNO)
Cleantech Transit Inc. is in the business of producing and conserving power. It produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Their goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
A huge percentage of the world's fossil fuels come from the world's most volatile places. By reducing your use of oil derivatives, you reduce dependence on foreign energy sources, increasing our country's energy security by converting energy from waste.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Thermochemical gasification involves pyrolysing biomass without sufficient air for full combustion, but with enough air to convert the solid biomass into a gaseous fuel. The intended use of the gas and the characteristics of the particular biomass (size, texture, moisture content, etc.) will determine the design and operating characteristics of the gasifier and associated equipment. There are two basic types of gasifiers. Each has their advantages and disadvantages; the downdraft gasifier (IISc Bangalore technology) provides for a cleaner gas with less tar, whereas the updraft gasifier is generally more robust, although it requires heavy tar removal facilities.
Generally speaking, electricity production at the rate of 7,700 kWh/hectare/year can be achieved in a BGBPP on the basis of the following biomass availability and technology assumptions (lower values).
1. An annual production rate of 10 dry tonnes of biomass per hectare/year;
2. 16 GJ per dry tonne (lower heat value)
3. A conversion efficiency of 20 to 25% for the smaller-scale of BGBPPs.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit Inc. please visit website: www.cleantechtransitinc.com.
Kirby Corporation ("Kirby") (NYSE:KEX) announced the completion of the acquisition of K-Sea Transportation Partners L.P. ("K-Sea") (NYSE:KSP), with K-Sea becoming a wholly owned subsidiary of Kirby. K- Sea is an operator of tank barges and tugboats participating in the coastwise transportation primarily of refined petroleum products in the United States. The total value of the transaction is approximately $604 million (before transaction fees), consisting of $228 million of cash paid to K-Sea common and preferred unit holders and the general partner, $263 million of cash to retire K-Sea's outstanding debt, and $113 million through the issuance of approximately 1,939,000 shares of Kirby common stock valued at $58.28 per share, Kirby's closing share price on July 1, 2011.
Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services in the United States.
Alcoa Inc. (NYSE:AA) announced it will install an advanced recycling and casting process that will reduce energy consumption and greenhouse gas emissions as part of a $21 million expansion of B&C Research, part of the company's Wheel and Transportation Products business. The Alcoa investment will create 30 full-time jobs and help protect more than 350 existing positions.
Alcoa, Inc. engages in the production and management of aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions.
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