Category Archives: Mining

Leading Financial Newsletter Profit Confidential Reveals Why Mainstream Investors Are Now Jumping into Gold

Posted by on December 12, 2011 1 comment

Leading Financial Newsletter Profit Confidential Reveals Why Mainstream Investors Are Now Jumping into Gold











Why Mainstream Investors Are Now Jumping into Gold


New York, NY (PRWEB) December 09, 2011

Gold market research from Michael Lombardi, lead contributor to popular e-newsletter Profit Confidential, reveals why mainstream investors are only just now getting involved in gold bullion.

Debt fears in the eurozone resulted in demand for gold coins in Europe; more than doubling in the third quarter of 2011 compared to same period of 2010, according to data from the World Gold Council.

Lombardi says the gold buying went beyond just gold coins, as, last week, investors—mostly hedge funds—increased their gold long positions for the fourth consecutive week, according to CFTC data.

We are well into the phase of the gold bull market when retail and institutional investors start moving money into gold bullion, according to Profit Confidential. “Phase III is when the speculators and latecomers arrive on the scene. I’m predicting that 2012 will be a spectacular year for stocks of quality gold mining companies,” says Lombardi.

This is in addition to the third quarter of 2011, when world central banks made their biggest purchases of gold bullion during the past two decades. Lombardi has written an exclusive article for Profit Confidential entitled, Central Banks Back Buying Gold with a Vengeance.

Profit Confidential estimates that gold held for investment purposes is equal to one percent of all global financial assets. In the 1960s, gold held for investment purposes was equal to five percent of global financial assets.

Lombardi says “There aren’t enough gold reserves out there. Hence, the only way that gold investment as a percentage of financial assets can increase is by the price of gold bullion rising.”

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it “begged” its readers to get out of the housing market…before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

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Glen Raven Technical Fabrics Introduces MineMesh for Coal Mine Rib Control

Posted by on November 24, 2011 1 comment

Glen Raven Technical Fabrics Introduces MineMesh for Coal Mine Rib Control











Typical grid material rib control Installation.

Burlington, NC (PRWEB) April 25, 2011

Glen Raven Technical Fabrics LLC, doing business in the mining industry as RJ Stern, has developed a lighter weight, easier-to-install grid material for use as a supplemental support in rib control systems in underground coal mines. The material, which will be distributed under the trade name, MineMesh™ , has received acceptance by the Mine Safety and Health Administration (MSHA) of the U.S. Department of Labor as a flame resistant product for use in mines. In addition, a recent test conducted by the National Institute for Occupational Safety and Health (NIOSH) confirms MineMesh is stronger than extruded grid product currently on the market. In situations where supplemental reinforcement is needed, mine operators install grid material over rib surfaces to help reduce the hazard of rock becoming dislodged and falling.

The polyester yarn construction used in MineMesh gives the material high strength, with a weight of five ounces per square yard. In performance tests conducted in an operating coal mine, MineMesh received high marks for its structural strength and handling characteristics. “The five ounce weight means a 78 inch roll of MineMesh weighs nearly 20 pounds less than other synthetic grid materials,” said Jeffrey Michel, vice president of industrial fabrics for Glen Raven. “That reduced weight, along with its degree of flexibility makes MineMesh significantly easier for installers to work with,” Michel said.

Justin Alberto, General Manager of RJ Stern, said improving rib support technology is increasingly important to the coal mining industry. “Innovation in this vital area of mine safety area has enabled operators to mine coal in places that were previously considered inaccessible. We are proud that we can be a part of the effort to protect miners while they work to sustain America’s energy security.”

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Kimberly Gold Adds Don Rolfe to Board of Directors

Posted by on July 31, 2011 1 comment

Kimberly Gold Adds Don Rolfe to Board of Directors











COEUR D’ALENE, Idaho (PRWEB) July 17, 2003

Kimberly Gold Mines (OTCBB:KMGM) is pleased to announce that Don Rolfe has joined its Board of Directors.

Rolfe is a mine engineer with over thirty years of mining industry experience. His career has included positions of Senior Mine Engineer, Chief Mine Engineer, Mine Foreman, Mine Superintendent and Mine Manager with several leading U.S. companies including Anaconda, Hecla, Union Carbide and Homestake. Rolfe has extensive knowledge of the mine planning and development process along with expertise related to the mining of various minerals including gold, silver, uranium, tungsten, phosphate, and bentonite clay.

Kimberly President Kevin Shiell added, “We are extremely pleased that Don has joined our Board of Directors. Don brings a wealth of practical mining knowledge and is a tremendous addition to our team.”

Please visit the Kimberly website at http://www.kimberlygold.com for more information about the projects and activities of Kimberly Gold Mines.

Kimberly Gold Mines is an aggressive gold exploration company, focused upon the historic mining districts of the Pacific Northwest. Kimberly holds four high-potential gold exploration projects including the Kimberly Gold Mine, the Matthews and Compton properties along the Wenatchee Gold Belt, and the Empire Creek project on the Republic Graben. Kimberly has approximately 5.5 million shares outstanding and no long-term debt. Kimberly stock trades on the OTC Market under the symbol “KMGM”.

Certain statements contained in this press release are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.


















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Brilliance Joins “No Dirty Gold” Campaign

Posted by on July 31, 2011 1 comment

Brilliance Joins “No Dirty Gold” Campaign












(PRWEB) July 29, 2011

Florida-based retailer of certified loose diamonds and fine jewelry, Brilliance.com, has recently joined the ranks of online jewelry titans such as Blue Nile, James Allen and Zales by becoming the latest addition to the to the growing number of jewelers and retailers which support the Golden Rules; a set of social, environmental and human rights criteria pushing for more responsible mining of gold and other precious metals. The Golden Rules is an advocacy of the “No Dirty Gold” campaign by Earthworks, a nonprofit organization which focuses on the protection of communities and the environment from the impacts of irresponsible mineral and energy development.

Gold-mining, while a lucrative industry, poses a great risk to the environment, as well as creating serious human rights issues, especially in third-world countries where they are abundant. The ecosystem where a mine is located is severely disrupted by its presence; gold is also traditionally a very dirty metal to mine and process. Toxic chemicals are used to extract it from the earth, which are often dumped into pits and waterways, poisoning the ground and water supply it is left in. The pollution also spreads into the air. Ultimately, gold mining damages the quality of life for organisms around the mine, and the damage is often left behind for the host country’s government to clean up after a mine has been exhausted of its supply.

In Third World countries, gold mining is often couple with grave human rights issues. Dirty gold is mined in very dangerous conditions by workers who have few rights and protections. The land in which a mine is situated is often seized from the indigenous peoples that reside in them, leaving them homeless, with nowhere to go once their native lands are taken from them. Women also suffer; they are rarely recompensed for lost lands since the profits of a mine are given to the wealthy few, usually men.

“We’re really glad to be a part of this (campaign),” says Jonathon from Brilliance. “We’re always looking for new ways to contribute to society. It’s the right thing to do.”

“An engagement ring,” he continues, “symbolizes a future couples’ hopes and dreams. It’s something you build a relationship on. It’s our gift to our customers and we want to give them something beautiful and pure that they can cherish for a lifetime, not something that they’ll feel guilty about.”

“We would like to encourage other retailers to join the (No Dirty Gold) campaign as soon as possible,” added Jonathon. “Consumers can also show their support by patronizing businesses which sell ethical and environmentally-conscious jewelry.”

A product of the combined efforts of two organizations, the Mineral Policy Center and the Oil & Gas Accountability Project, the Earthworks organization also seeks to reform government policies, improve corporate practices, influence investment decisions and encourage responsible materials sourcing and consumption through nationwide campaigns such as No Dirty Energy, Recycle My Cell Phone, Save Bristol Bay and Mining Reform Campaign. The Earthworks official website is http://www.earthworksaction.org/home.cfm.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Prolific Valley of Gold Featured in RadioFN Segment ‘Canada?s Gold Country’

Posted by on July 31, 2011 1 comment

Prolific Valley of Gold Featured in RadioFN Segment ‘Canada’s Gold Country’










New York, NY (PRWEB) March 21, 2007

RadioFN host Michael Blackstone provides an insightful interview with industry mining experts on Canada’s Gold Country. David Bond, a well known award winning mining journalist, Geological Engineer Yves Gagnon (P. Eng.) and Abcourt Mines Inc. (TSX VENTURE:ABI) (OTC:ABMBF) President Renaud Hinse (P. Eng.) provide RadioFN with details on the prevalence of mineralization along the Cadillac fault in the prolific Val d’Or (Valley of Gold) District of Quebec. The Val d’Or district is considered by many industry professionals as one of the most mining-friendly districts in North America. Abcourt’s key projects are located in this area and consist of past producing silver/zinc mine (Abcourt-Barvue mine) and a past producing gold mine (Elder gold mine).

Also mentioned in the segment is Abcourt’s recent feasibility report on the reopening of their 100% owned Abcourt-Barvue Silver/Zinc mine in the Val d’Or district. The RadioFN interview reveals the potential to at least double the existing resources is excellent since the deposit is only explored to 300 meters (1,000 feet) as it shares the same geological model as existing mines in the area that are down several thousand feet. The company is debt free and has managed to maintain and upgrade their properties, equipment, and resources during the hiatus all without diluting the share structure.

Abcourt’s other prize asset is their 100% interest in the past producing (1947 – 1966) Elder gold mine located 60 miles from their silver/zinc project in Northwestern Quebec along the Cadillac fault.

The entire RadioFN interview and related transcript is available at RadioFN’s website located at http://www.RadioFN.com/ABI.htm (running time 15 min. 48 sec.).

Excerpts from interview:

David Bond, Journalist: You know I’m paying really close attention to Abcourt because we know the ore body is a known quantity, except that it can only get bigger as prices improve or as more exploration work is done. The metallurgy is off the shelf.”

RadioFN Michael Blackstone: So essentially going down to that depth there’s tremendous possibility, or outstanding, or enormous potential for adding to known resources. Yves Gagnon, P. Eng.: You’re right, it’s a possibility to double or triple or whatever, if you compared ourselves to the depth that other mines went down to.”

Also mentioned in the segment are Agnico Eagle Mines Ltd. whom are exploiting the nearby the Laronde Mine at about 10,000 feet, Richmont Mines Inc., Breakwater Resources Ltd. and Xstrata Plc

The entire RadioFN interview and related transcript is available at RadioFN’s website located at http://www.RadioFN.com/ABI.htm (running time 15 min. 48 sec.).

Excerpts and commentary herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure section at the bottom of the following URL http://www.RadioFN.com/ABI.htm .

Source: RadioFN Co.

Contact:

James Patrick, Editor

RadioFN Co.

Tel: 866.620.9945

Website: http://www.radiofn.com

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Renowned Geologist Joins Kilimanjaro Mining Company Ltd.

Posted by on July 31, 2011 1 comment

Renowned Geologist Joins Kilimanjaro Mining Company Ltd.












Vancouver, BC (PRWEB) October 16, 2007

Kilimanjaro Mining Company Ltd. is pleased to announce that Dr. Roger Newell has joined as the newest member of its management team. Dr. Newell is renowned internationally for recognizing the potential of the Carlin Trend in Nevada. Under his direction Newmont Mining Company established new exploration programs in Nevada; this ultimately lead to Newmont becoming the 2nd largest gold producer in the world, with Nevada gold operations yielding over 1,000,000 ounces per year. His Gold Fields exploration team drilled the first holes into the Pipeline Gold Deposit, Nevada. He holds a M.Sc. from the Colorado School of Mines and a Ph.D. in mining and mineral exploration from Stanford University. He is a licensed Professional Geologist, a member of the Society of Mining Engineers, the Mining and Metallurgical Society of America, and a Fellow in the Society of Economic Geologists. He has more than thirty years of experience in the mining industry.

Roger Newell served as Vice President-Development and Board Member of Capital Gold Corp from 2000 to 2007. As such he was responsible for much of Capital Gold’s engineering and business development at El Chante, Mexico. He also served as President (2000 to 2006) of Capital Gold’s Mexican subsidiary, Minera Santa Rita. Dr. Newell will continue to serve on Capital Gold Board of Directors.

Prior to his time at Capital Gold, he served as Exploration Manager/Senior Geologist for the Newmont Mining Company; Exploration Manager for Gold Fields Mining Company and Vice President-Development, for Western Exploration Company.

“We are delighted to have Dr. Newell join Kilimanjaro. His extensive experience in both the field and the boardroom are a tremendous asset as we look to expand and develop our current portfolio of gold and uranium properties in Tanzania,” stated Heidi Kalenuik, President of Kilimanjaro Mining (KMCI). “It certainly speaks to the quality of our Tanzanian properties that such a well respected geologist would choose to leave Capital Gold Corp. to join a private company like ourselves.”

In other news, Kilimanjaro Mining also reports that Kenneth Baker has resigned as a Director due to health concerns. His guidance and experience was much appreciated by company officials and investors; he will remain a much valued adviser to the company.

Kilimanjaro Mining Company (http://www.kilimanjarominingcompany.com) is a Nevada based private company that has acquired over 40 gold licenses in the Lake Victoria Greenstone Belt area of Tanzania and 64 uranium licenses in central and southern Tanzania totaling close to 6 million acres.

Through its multiple joint ventures, the Kilimanjaro Mining Company business model significantly reduces risk while maintaining a large stake in the lucrative gold and uranium resource industry.

Contact:

Kilimanjaro Mining Company Ltd.

Sean Mackenrot, Investor Relations

Ph. 604-506-0385

info @ kilimanjarominingcompany.com

http://www.KilimanjaroMiningCompany.com

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Doe Run Shares Expertise with Geologists From Regional Coal Forum

Posted by on July 31, 2011 1 comment

Doe Run Shares Expertise with Geologists From Regional Coal Forum












Viburnum, Mo. (PRWEB) July 17, 2008

A group of regional coal experts from the Western Interior Basin Coal Forum has an updated perspective about another mining industry – lead mining – following a recent tour of the Doe Run Company’s Southeast Missouri Mining and Milling Division (SEMO).

Nine coal experts, including six geologists, toured Buick Mine and Mill on June 18. The tour was part of the annual coal forum, which alternates yearly between sites in Missouri, Arkansas, Kansas and Oklahoma. This year, it was held at Montauk State Park in Salem, Mo.

Scott Kaden, a geologist for the Missouri Department of Natural Resources’ Division of Geology and Land Survey, previously had toured a Doe Run mine, and he believed it would be a good fit for the coal forum.

“Though our expertise is in coal, we’re all geologists and a number of us have worked in underground mines in other states,” said Kaden, who organized this year’s coal forum. “The tour was well received, and we all learned a great deal about underground lead mining.”

Fully equipped with hard hats, safety glasses, mine lights and self rescuers, the tour participants were escorted approximately 1,100 feet below the Earth’s surface to view various types of mining equipment used by Doe Run to break, load and haul ore. The group also toured the Buick mill to learn how ore is crushed and further processed to extract the lead, zinc and copper metals.

“As world leaders in sustainable lead mining, it’s always exciting to share our work and foster interest in what we do with others in the mining industry,” said George Moellering, chief mine geologist and tour coordinator at Doe Run. “We enjoyed sharing information about and discussing the differences – and similarities – involved in our two unique industries with the Western Interior Basin Coal Forum group.”

With six active mines and 200 employees per shift, Doe Run relies on a naturally stable environment, proactive initiatives, engineering controls and more than a century of expertise to create one of the safest mining environments in the world.

About The Doe Run Company

Based in St. Louis, The Doe Run Company is a privately held natural resources company and the largest integrated lead producer in the Western Hemisphere. Dedicated to environmentally responsible mineral and metal production, Doe Run operates one of the world’s largest, single-site lead recycling facilities, located in Boss, Mo. The Doe Run Company and its subsidiaries deliver products and services necessary to provide power, protection and convenience. Doe Run has operations in Missouri, Washington and Arizona. For more information, visit http://www.doerun.com.

Contact:

Kent Martin

314-453-7661

kmartin @ doerun.com

http://www.doerun.com

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Promote Mining Equipment, Products and Services to the Australian Mining Industry

Posted by on July 7, 2011 1 comment

Promote Mining Equipment, Products and Services to the Australian Mining Industry










(PRWEB) September 4, 2006

The Mining Showcase is the place for companies to showcase their equipment, products and services to the Australian mining industry.

The idea for The Mining Showcase began because so many companies approached the team at miningreference.com asking how they could promote their products and services to the mining industry. Many of these products and services were unique and very beneficial to the industry. It made sense to let the mining industry know about these products / services.miningreference.com (http://www.miningreference.com/) is pleased to announce the launch of The Mining Showcase.

The Mining Showcase (http://www.theminingshowcase.com) is the place for companies to showcase their equipment, products and services to the Australian mining industry.

The idea for The Mining Showcase began because so many companies approached the team at miningreference.com asking how they could promote their equipment, products and services to the mining industry. Many of their products and services were unique and very beneficial to the industry.

All of these companies were facing similar problems of getting their products / services known to the mining industry. Many of these companies were frustrated that they couldn’t get “into the mining industry”.

The Managing Director of miningreference.com, Calvin Close, said they were always looking out for ways to improve the services offered to the mining industry.

Mr Close added, “We did not stop there with product listings on The Mining Showcase. We surveyed all the requests we had received for assistance in promoting to the mining industry.

“We realised that some companies not only wanted to be able to “showcase” their products on the internet; they also wanted a higher-profile promotion of their products and services.

“We tailored several “Mining Promotion Packages” that specifically addressed the needs of these companies. All the packages include listings in The Mining Showcase, but the higher-end packages include other means of promotion to the mining industry.”

About miningreference.com:

miningreference.com is a very popular reference website specifically for the Australian mining industry. It features the Mining Directory, The Mining Jobsite, The Mining Blog and now The Mining Showcase.

The online Mining Directory on miningreference.com has listings for mining companies and companies that supply mining equipment or provide services to the mining industry. It has been carefully compiled to make it quick and easy for users to find relevant information about these companies.

The Mining Jobsite (http://www.miningjobsite.com) is a place for mining companies and recruiters to post mining jobs.

The Mining Blog (http://www.theminingblog.com) is a place for miners and the entire mining community to come together and discuss matters relevant to the industry.

Further services will be added to miningreference.com based on feedback from our users.

For further details, contact:

Roy Close

Media Relations Manager

miningreference.com – Australia’s Premier Mining Directory

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Kutta Radios Installs New Tracking System in Four U.S. Coal Mines

Posted by on June 29, 2011 1 comment

Kutta Radios Installs New Tracking System in Four U.S. Coal Mines











DRUM® Tracking System


Klingerstown, Pennsylvania (PRWEB) July 12, 2011

Kutta Radios, Inc. announced today that it has completed installations of its new Tracking System and DRUM® Voice Communication System in four coal mines in Pennsylvania. The Tracking System received Part 23 Approval from the Mine Safety and Health Administration (MSHA) earlier this year, and the installations for all four mines were completed in just a couple of days time, bringing the coal mines into full compliance with the MINER Act.

“If there are any mines that still need tracking or communication systems for MINER Act compliance, the Kutta system can be quickly and easily installed,” said Kutta’s CEO, Douglas Limbaugh. “Our system provides mine operators with an easy installation and a reliable and safe voice and tracking system, all for a lower price than other systems on the market. Our customers much prefer voice communication over text messaging because of the day-to-day productivity gains voice communications provide,” Limbaugh added.

This revolutionary new system is simple to install, and according to company officials, most installs can be completed in less than two days. The system also has the ability to interoperate with other tracking systems currently on the market, and the readers have self-contained batteries so no external power is required. “This new system greatly reduces the cost to mine operators for installing and maintaining redundant tracking systems in order to be compliant with the latest MSHA Program Policy Letter” commented Matthew Savoca, Kutta’s President.

The Kutta DRUM® Tracking System can be paired with the Kutta DRUM® Communication System to offer mines a complete, MSHA Approved, MINER Act compliant voice communication and tracking solution.

Kutta Radios, Inc., a subsidiary of Kutta Technologies, Inc. designs and builds radios for the underground mining industry, first responders, and the US Army. For information on the DRUM system, or to schedule a demonstration, e-mail hinfo(at)KuttaRadios(dot)com, visit http://www.KuttaRadios.com, or call 1-866-574-9990.

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