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Norsk Hydro (LON: NHY): One of the World's Five Largest Aluminum Companies Outside of China with Annual Revenue Around 10 billion U.S. Dollars
by Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA

Norsk Hydro (LON: NHY) is an aluminum company founded in 1905 and headquartered in Norway. According to Halvor Molland, VP Media Relations of Norsk Hydro, the company is one of the world's five largest aluminum companies outside of China, with annual revenue around 10 billion U.S. dollars. Today, they are present all along the value chain from bauxite and alumina operations in Brazil, through primary production in Norway, Qatar, Slovakia, Brazil, Australia, Canada and Germany. Hydro also holds 50% share of Sapa AS which is the world's largest extrusion company. We learned from Mr. Molland that the main applications driving the growth of aluminum are automotive, building and construction.
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Interview with Major General David R. Heinz, President and CEO of IBC Advanced Alloys Corp. (TSX-V: IB, OTCQB: IAALF): Leading Manufacturer and Supplier of High-Performance Beryllium Aluminum Cast Components and Specialty Copper and Other Alloys
by Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA

IBC Advanced Alloys Corp. (TSX-V:IB, OTCQB:IAALF) is a leading manufacturer and supplier of high-performance beryllium-aluminum cast components and specialty copper and other alloys. The Company serves customers in a variety of industries such as defense, aerospace, automotive, oil & gas, electronics, and telecommunications. The company is under the strong leadership of highly decorated Major General David “Duncan” R. Heinz, who serves as President and CEO. The company has two business divisions: - the Copper Alloys Division and the Engineered Materials Division, and serves its customers from four manufacturing locations in the United States. IBC Advanced Alloys recently raised C$7.46 million in an over-subscribed, non-brokered placement that they are now using to upgrade and optimize equipment, increasing throughput capacity, and further reduce cost. IBC Advanced Alloys Corp. also is at the forefront of developing scandium-containing aluminum alloys. General Heinz stressed the importance of IBC’s relationship with NioCorp Developments Ltd. – which intends to produce Scandium in the U.S. -- and the importance of scandium-containing aluminum alloys in the aerospace industry to significantly reduce aircraft weight, improve fuel efficiency, reduce emissions, and strengthen performance.
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Dr. Alper Interviews Jack Stoch President and CEO of GLOBEX with a Huge Highly Diversified North American Portfolio
by Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC

GLOBEX Mining Enterprises Inc. is a TSX, Frankfurt and OTCQX-listed Corporation with a huge highly diversified North American portfolio of over 130 mid-stage exploration, development and royalty properties containing precious, base and specialty metals and minerals. According to Jack Stoch, director, president, and CEO of GLOBEX, they are basically a mineral bank that owns all these properties and has no debt. GLOBEX seeks to create shareholder value by acquiring mineral properties, enhancing them and either exploring, optioning or joint venturing them, developing them to production, or in some cases selling projects outright.
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Largo Resources (TSX.V: LGO) Secures Financing to Allow Advancement of the World’s Highest Grade Vanadium Project in South America
by Dr. Allen Alper

Largo Resources (TSX: LGO), with world class vanadium projects in South America and Canada, has now secured financing that will allow them to continue to develop their assets. Mark Smith, President and CEO, has been with Largo Resources since April 2015. He and his technical team are now achieving the greatest vanadium recoveries of any mine in the world and are on track to be one of the lowest cost producers.
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Globex Mining Enterprises Inc (TSX: GMX) Makes Money in Precious Metal, Base Metal and Industrial Mineral Based North American Projects
by Dr. Allen Alper

Globex Mining (TSX: GMX), with more than 110 projects including 30 royalties, is currently exploring options in gold, silver, talc, magnesia, and zinc and copper based projects.
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PDAC 2011
by Allen Alper and Jeff Senior

With the Prospectors and Developers Association of Canada’s next Toronto show set for 6-9 March 2011, we caught up with Joe Hinzer to find out what’s on the agenda.
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Thomas Patton, President & CEO Quaterra Resources Inc. Discovering New North American Mines – Copper, Uranium, Gold, Silver, Molybdenum
by Dr. Allen Alper and Jill Cueni-Cohen

When it comes to making significant mineral discoveries in North America, Quaterra Resources Inc. is on the cutting edge. We caught up with Quaterra’s President & CEO Dr. Thomas Patton to get the inside scoop on this exciting junior’s current projects and outlook.
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President and CEO Scott Weekes Talks about Exciting Developments at Redstar Gold
by By Andrew Alper and Bryan Martin

For junior exploration company, Redstar Gold (TSX.V:RGC), raw data has proven to be as good as gold; both figuratively and literally.
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Interview with Aubrey Eveleigh President and CEO of Zenyatta Ventures Ltd. (TSXV: ZEN, OTCQX: ZENYF): Developing a World Class Graphite Deposit
by Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA

We talked with Aubrey Eveleigh, who is President and CEO of Zenyatta Ventures Ltd. (TSXV: ZEN, OTCQX: ZENYF). They have found a world class and unique graphite deposit with a potential for 1.5 million tons of 99.9% pure graphene product. The site has great infrastructure, located in mining friendly Canada, just north of the Trans-Canada Highway. Zenyatta is positioned to provide graphite for lithium-ion batteries, fuel cells, and various clean tech applications. They are a strong company with a great team and a world class property in Canada.
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Interview with Sean Samson, President and CEO of Rogue Resources Inc. (TSX-V: RRS): High Quality Silica Asset, on Path to Production in Mining Friendly Québec
by Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA

Sean Samson, President and CEO of Rogue Resources Inc. (TSX-V: RRS) shares with Dr. Allen Alper details about their high quality silica asset in mining friendly Québec. With a strong cash position, and very strong financing record, they have a clear plan to move forward rapidly. With a very capable team experienced in building businesses and generating positive cash flow, they are qualified to execute their plan to accomplish their objectives and become a profitable silica producer.
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Lithium Australia (ASX: LIT) Revolutionizes Lithium Recovery with New Process, Currently Working in Europe and Australia
by Dr. Allen Alper

Under the excellent leadership of Managing Director Adrian Griffin, Lithium Australia (ASX: LIT) found a way to recover lithium more easily. They are using a process they developed with a past project, and are now working in Europe and Australia to recover lithium more efficiently from mica.
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Altech Chemicals (ASX: ATC) Set to Produce High Purity Alumina at Low Cost in Near Future
by Allen Alper Jr.

Altech Chemicals (ASX: ATC) is aiming to produce high purity alumina (99.99%) from their Meckering kaolin deposit located in Western Australia and downstream processing plant in Malaysia. High purity alumina is used in the production of LEDs and artificial sapphires.
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Australia Minerals and Mining Group Ltd.’ (ASX: AKA) Ric Dawson Tells of Innovative Technology that Could Generate Huge Cash Flow from High Purity Alumia
by Dr. Allen Alper and Aaron Hoos

In the resource mining industry, where the job is to get minerals out of the ground and process them, innovation tends to focus on how efficiently that job is done. The faster explorers can find a deposit and the faster that a producer can mine it, the better.
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Great Western Minerals Mines and Markets Rare Elements
by Dr. Allen Alper and Alison J. Conte

Since we last spoke with Gary Billingsley, Executive Chairman of Great Western Minerals, in May 2008, his company has continued to expand on their mine-to-market business strategy with the acquisition of another production facility, an option to recommission a former rare earth mine in South Africa, and a new heavy rare earth property in New Brunswick.
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Great Western Minerals Poised for Rare Opportunity
by Dr. Allen Alper and Alison Conte

Interview with Gary Billingsley, Chairman, and Jim Engdahl, CEO, of Great Western Minerals
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Commerce Resources - the next Canadian Tantalum and Niobium Mine
by Dr Allen M. Alper

For the past few years, I have been following the developments of Commerce Resources with great interest. Commerce Resources is developing the largest new tantalum and niobium resource in Canada. I have had many conversations with Dave Hodge and his staff.
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Featured News
NexGen Returns 13.5 m at 3.94% U3O8 including 2.5 m at 20.90% at Harpoon
VANCOUVER, March 23, 2017 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, OTCQX:NXGEF) is pleased to report assay results for 20 holes from our 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.
Several tens of meter mineralized zones in DIOS' first holes of winter drilling program on Heberto Gold
MONTRÉAL, QUÉBEC--(Marketwired - March 22, 2017) - DIOS EXPLORATION (TSX VENTURE:DOS) is pleased to report first 3 holes (some 1100 m) of ongoing drilling on wholly-owned Heberto gold project, intersected several tens of meters of mineralized zones, more at depth than 2 previous 2015 and 2016 drilling campaigns.
Silver Bull Provides Exploration Drilling Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 22, 2017) - Silver Bull Resources, Inc. (OTCQB:SVBL) (TSX:SVB) ("Silver Bull") announces the results of its recent exploration drill program targeting deep structures on the Sierra Mojada Project in Coahuila, Northern Mexico.
IBC Wins Bidding Process with Fortune 100 Electronics Manufacturer for an Expanded Number of Copper Alloy Products
FRANKLIN, INDIANA--(Marketwired - March 22, 2017) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQB:IAALF) ("IBC" or the "Company") a leading beryllium and copper advanced alloys company, announces its recent success in a bidding process involving a select group of carefully screened and pre-qualified suppliers to produce and provide forged and machined copper alloy products to a Fortune 100 electronics manufacturer.
Aurvista Gold Corporation Announces Preliminary Metallurgical Results from the Douay Gold Project
MONTREAL, QUEBEC--(Marketwired - March 21, 2017) - Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX VENTURE:AVA)(OTCQB:ARVSF)(FRANKFURT:AV2) is pleased to report Preliminary Metallurgical Test results (the "Met Test Results") for gold recovery at the Company's Douay Gold Project ("Douay"). Ten sample composites totaling 311 kilograms from the principal gold zones at Douay (Northwest, Douay West, Main Porphyry, 10, 20, 531 and Main) as outlined by Duke (2012)(1), were submitted for metallurgical testing at Base Metallurgical Laboratories in Kamloops (B.C.).
Metals and Minerals Stocks Under Scanner -- Uranium, Pretium, Silica, and Cloud Peak
NEW YORK, March 21, 2017 /PRNewswire/ --
MacDonald Mines Prepares for 2017 Bulk Sampling Program at its Wawa-Holdsworth Project
TORONTO, ONTARIO--(Marketwired - March 21, 2017) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald Mines" or the "Company") announces that it is initiating a bulk sampling program of the oxide sands at its Wawa-Holdsworth Project. The Company also announces that, following consultations with Ontario's Ministry of Natural Resources and Ministry of Northern Development and Mines ("MNDM"), neither aggregate licencing nor bulk sampling permissions will be required for the potential extraction of the oxide sands on the Wawa-Holdsworth Project.
Angel Gold Geophysical Survey Encounters Strong Chargeability Anomalies at the El Porvenir Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 20, 2017) - Angel Gold Corp. (TSX VENTURE:ANG)(OTCQX:ANGCF)("Angel" or the "Company") is pleased to provide an update of progress on Angel's geophysical survey programs targeting various prospects at the El Porvenir project in the Segovia mining district of Antioquia, Colombia.
Select Sands Announces Supply Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 17, 2017) - Select Sands Corp. ("Select Sands" or the "Company") (TSX VENTURE:SNS) (OTCQX:SLSDF) announces that its wholly-owned subsidiary, Select Sands America Corp., has entered into a multiyear frac sand supply agreement with Liberty Oilfield Services, LLC of Denver Colorado. Initial rail shipments were completed in February, 2017 and are anticipated to continue throughout 2017 with volumes expected to increase in 2018 and 2019 to surpass a total of one million tons per year. The 40/70 and 100 mesh products to be supplied under the agreement will be sourced from the Company's facilities in Arkansas.
North American Nickel Reports New QEMSCAN Results From Maniitsoq Nickel-Copper and Cobalt Mineralization
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 15, 2017) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP: 65704T 108) (the "Company") is pleased to announce that it has received a report on the results of mineralogical studies performed by SGS Canada Inc. ("SGS") on four drill core samples of nickel-copper sulphides from the 2016 exploration program at the Maniitsoq Ni-Cu-Co-PGE sulphide project in southwest Greenland. The representative samples were obtained from the Mikissoq and P-058 mineralized norite intrusions at the Imiak Hill Complex and Fossilik area, respectively.
Silver Range Options Mel Property to Benz Mining
VANCOUVER, BC--(Marketwired - March 15, 2017) - Silver Range Resources Ltd. (TSX VENTURE: SNG) ("Silver Range") announces that it has entered into a property purchase agreement ("Agreement") with Benz Mining Corp.("Benz") under which Benz will purchase the Mel zinc-lead-barite property.
Benz Mining Enters Into Purchase Agreement to Acquire Mel Zinc-Lead-Barite Project in Southeast Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 14, 2017) - Benz Mining Corp. (NEX:BZ.H) (the "Benz" or "Company"), is pleased to announce that it has entered into a purchase agreement with Silver Range Resources Ltd. ("Silver Range"), pursuant to which Benz has an option to purchase 100% of Silver Range's wholly-owned Mel zinc-lead-barite project (the "Project") located near Watson Lake in southeast Yukon for CAD $2.7 million.
Emmerson Resources Limited (ASX:ERM) Exploration Underway in NSW and Tennant Creek, Cobalt and Bismuth in Tennant Creek Gold-Copper Mineralisation
Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) ("Emmerson") is pleased to announce the commencement of exploration over four of our NSW projects. These projects were generated from the application of proprietary, predictive 2 and 3D targeting models - developed in conjunction with our strategic alliance partner Kenex Limited. This alliance aims to greatly increase the success of predicting the next discoveries in NSW through identifying independent geological attributes that are highly correlated with mineralisation.
Global Beryllium Market - Trends and Forecasts (2016-2021) - Rising Consumption From the Telecoms, Automotive, Electronics & Computer Industries - Research and Markets
DUBLIN, Mar 10, 2017 /PRNewswire/ --
IBC Issues Share-Based Compensation to its Non-Executive Directors and CEO
FRANKLIN, INDIANA--(Marketwired - March 8, 2017) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQB:IAALF) ("IBC" or the "Company") a leading beryllium and copper advanced alloys company, announced that it issued a total of 48,457 common shares at a price of $0.57 per share to its non-executive directors in consideration of their service as directors of the Company for the period from October 1, 2016 to January 18, 2017. The shares are subject to a hold period expiring July 8, 2017.
Columbus Gold Commences Drilling at Eastside Gold Project, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 7, 2017) - Columbus Gold Corp. (TSX:CGT)(OTCQX:CBGDF) ("Columbus") is pleased to announce that it has initiated a 12 hole 3,700 meter RC drill program at Target 5 at its Eastside gold project in Nevada. Target 5 is located about 8 km (5 miles) south of the Original Zone where Columbus announced an initial NI 43-101 pit-constrained Inferred resource estimate consisting of 35,780,000 tonnes grading 0.63g gold equivalent per tonne, for a total of 721,000 ounces1 of gold equivalent (using a cut-off grade of 0.15g gold per tonne and a gold/silver ratio of 60:1). Eastside also hosts an historical resource of 11,177,761 tons grading 0.024 ounces gold per ton (0.82g gold per tonne) for a total of 272,153 ounces2 gold.
Angkor Gold Reports Discovery of Mineralization And Expansion of Trenching Program
SEXSMITH, AB--(Marketwired - March 06, 2017) - Angkor Gold Corp. (TSX VENTURE: ANK)(OTC PINK: ANKOF) ("Angkor" or "the Company") is pleased to provide an exploration update from the Okalla West Exploration Prospect, Cambodia.
Desert Star Signs LOI to Acquire the Iron Butte Oxide Gold-Silver Project, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Desert Star Resources Ltd. (TSX VENTURE:DSR) ("Desert Star" or the "Company") is pleased to announce that it has entered into a Letter of Intent whereby it can earn 100% interest in the Iron Butte oxide gold-silver project located in Ladner County, north-central Nevada, approximately 60 kilometres south of Battle Mountain. Access and infrastructure to the project is excellent with power lines and State maintained roads within 4 kilometres of the property.
Radius Gold acquires Bald Peak Property located on the Nevada/California border; Sells Tlacolula Property to Fortuna Silver Mines
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Radius Gold Inc. (TSX VENTURE:RDU) is pleased to announce the acquisition of the Bald Peak gold property from Ely Gold & Minerals Inc. (TSX VENTURE:ELY) and its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), adding to Radius's portfolio of epithermal gold prospects in the Aurora gold camp, Nevada.
Orla Provides an Update on the Cerro Quema Gold Project
The Company has a booth at the 2017 PDAC convention, the world's leading event for mineral exploration and finance. Please visit us at booth 2929 in the Investors Exchange.
Northern Uranium Provides Update
KELOWNA, BC, March 3, 2017 /CNW/ - Northern Uranium Corp. (TSXV:UNO) ("Northern Uranium" or, the "Company") is pleased to provide a progress report on its 70% owned North West Manitoba project. The Company can earn up to an 80% interest in the project from CanAlaska Uranium Ltd (TSXV:CVV).
Canadian Metals Announces Resignation of Director and Appointment of New Director
MONTREAL, QUEBEC--(Marketwired - March 1, 2017) - Canadian Metals Inc. (The "Corporation") (CSE:CME) announces that Pierre Renaud has resigned from the Board of Directors, effective immediately and Mr. Guy Simard is appointed to the Board of Directors, effective March 1, 2017. He is currently the industrial development director for Innovation & development Manicouagan on the north shore region of Quebec.
Irving Resources Expands Land Position in Hokkaido, Japan - Provides Strategic Overview
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 1, 2017) - Irving Resources Inc. (CSE:IRV)(CSE:IRV.CN) ("Irving" or the "Company") is pleased to announce that its wholly-owned subsidiary, Irving Resources Japan GK, has expanded its land position on the island of Hokkaido, Japan.
Hard Creek participates in Carbon Sequestration study
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2017) - Mark Jarvis, CEO of Hard Creek Nickel Corp. (TSX VENTURE:HNC), announced today that the University of British Columbia has been approved for a $25,000 Natural Science and Engineering Research Council (NSERC) Engage grant to study the carbon sequestration properties of Turnagain ultramafic rocks. PhD student Wei Feng, under the supervision of Metallurgy Chair Dr. David Dreisinger, will conduct a series of tests on material supplied by Hard Creek.
IBC Advanced Alloys Reports Fiscal Q2 2017 Results
In a separate announcement (see this), the Company released the details of a $2.6 million production contract from Lockheed Martin. The contract represents a 16% increase over IBC's previous contract with Lockheed Martin in the number of Beralcast® beryllium-aluminum alloy components IBC will make for use in the F-35 Joint Strike Fighter aircraft.
Lockheed Martin Awards New Contract to IBC Advanced Alloys With a 16% Increase in Beralcast(R) Components for the F-35 Lightning II Aircraft
FRANKLIN, INDIANA--(Marketwired - Feb. 23, 2017) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQB:IAALF) ("IBC" or the "Company") a leading beryllium and copper advanced alloys company, announces that Lockheed Martin (NYSE:LMT) has awarded IBC a new contract to produce a crucial advanced beryllium-aluminum alloy component for the F-35 Lightning II Electro-Optical Targeting System (EOTS).
MacDonald Mines Provides Update on Exploration Programs of Both Holdsworth and Charlevoix: Composite Samples Up to 99.39% High Purity Silica From Charlevoix
TORONTO, ONTARIO--(Marketwired - Feb. 23, 2017) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald Mines", or the "Company") has begun exploration programs at both its Wawa-Holdsworth Gold Project near Wawa, Ontario, and its Charlevoix Silica Property located approximately 42 kilometres north of Baie-Saint-Paul, Quebec. The sampling program conducted at Charlevoix suggest that the high purity quartzite unit mined at the Sitec Silica Mine extends on the property.
Canadian Metals Granted to Directors, Officers and Consultants
MONTREAL, QUEBEC--(Marketwired - Feb. 22, 2017) - Canadian Metals Inc. (the "Corporation") (CSE:CME)(CSE:CME.CN) announces that the Board of Directors has approved the grant of an aggregate of 500,000 stock options to be distributed among directors, officers and consultants of the Corporation under the terms of the Corporation's Stock Option Plan, each option being exercisable at $0.105 per share for a period of five years.
East Africa Metals Provides Corporate Exploration Update
VANCOUVER, BC--(Marketwired - February 22, 2017) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to provide an update for on-going exploration and resource definition on the Adyabo and Harvest Projects in Ethiopia.
Emmerson Resources Limited (ASX:ERM) Presentation RIU Explorers Conference
Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) is pleased to provide the Company's latest Presentation at RIU Explorers Conference.
Angel Gold Commences Geophysical Survey on its El Porvenir Project in Antioquia, Colombia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - Angel Gold Corp. (TSX VENTURE:ANG) ("Angel" or the "Company") is pleased to announce that the Company has commenced geophysical surveying on its El Porvenir project where surface trenching and sampling has identified high-grade gold and silver values. The project is located at less than 2 km from Gran Colombia project, in the Segovia Belt, the most productive gold district in Colombia.
Mirasol Upgrades La Curva Project with New Gold-Silver Rock Chip Results from Cerro Chato Drill Target, Santa Cruz Argentina
VANCOUVER, Feb. 21, 2017 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, "Mirasol") Recent exploration at the 100%-owned La Curva gold project Santa Cruz Argentina, has identified a 300 m-long zone of Au+Ag-bearing epithermal veinlets which crosscut a well-developed barren silica cap at the Cerro Chato prospect. The veinlets assay up to 10.76 g/t Au and 24 g/t Ag, and directly overlie a portion of a 1.2 km-long IP geophysical resistivity anomaly centred at shallow depths beneath the Au+Ag barren silica cap. Mirasol's geologists interpret the veinlets as possible indications of "geochemical leakage" from a concealed zone of Au+Ag mineralization beneath the silica cap evidenced by the large IP resistivity anomaly at the Cerro Chato prospect.
Emmerson Resources Limited (ASX:ERM) Extensions to High Grade Gold at Edna Beryl Confirmed
Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) ("Emmerson") is pleased to announce the last of the assay results from campaign 3 at Edna Beryl (completed in late 2016) that confirm the high-grade gold mineralisation in ironstone 1 continues at depth. Diamond drill hole EBWDD054 is the deepest drill hole to date at Edna Beryl, some 220m below the surface which provides additional confidence to the mineralisation continuing at depth and extending in most directions (see figure 2 and 3 in the link below). Of note is the high-grade bismuth (~2%) and copper (2.1%) which based on the historic metal zonation from other mines, indicates proximity to high-grade gold. Again well illustrated in the best drill intersection (drill hole EBWRC041) from campaign 3 of 8m at 157g/t gold (which included 1m at 1043g/t gold, 229g/t silver, 1.44% bismuth and 2.04% copper) (see ASX announcement on 31 October 2016). Note this bonanza gold intersection tested a blind (to the surface) ironstone that remains open and will be followed up in subsequent drill programs (see Figure 1, 2, 3 and table 1 in the link below).
CRU 22nd World Aluminium Conference 2017 at the Marriot in London
CRU's World Aluminium Conference 2017 takes place on 3-5 May 2017, at the Marriot (NASDAQ:MAR) London Grosvenor Square, London, UK.
Helix Resources Limited (ASX:HLX) Drilling Commences at Cobar Gold Project NSW
Helix Resources Limited (ASX:HLX) is pleased to advise that a diamond drilling program has commenced at the Cobar Gold Project in the Central Western region of NSW.
Goldcorp provides exploration update
(All Amounts in $US)
Research Reports Initiation on Metals & Minerals Stocks -- US Silica, Uranium Resources, Uranium Energy, and Taseko Mines
NEW YORK, February 9, 2017 /PRNewswire/ --
Norsk Hydro: Fourth quarter 2016: Higher alumina and aluminium prices lift results
Hydro's underlying earnings before financial items and tax rose to NOK 1,829 million in the fourth quarter from NOK 1,477 million in the third quarter. Higher realized alumina and aluminium prices lifted results for the quarter, partly offset by seasonally higher costs and lower aluminium product sales. Hydro expects continued healthy demand for aluminium and aluminium products, forecasting global primary demand growth at 3-5 percent in 2017. 

  • Underlying EBIT of NOK 1 829 million
  • Higher realized all-in aluminium and alumina prices
  • Record production at Alunorte and Paragominas
  • Weak Rolled Products results on lower sales and margins, increased costs
  • NOK 1.4 billion Better improvements in 2016 vs NOK 1.1 billion target
  • Karmøy Technology Pilot and new automotive line on time and budget
  • Proposed dividend for 2016 of NOK 1.25 per share
  • 2017 global primary demand growth outlook of 3-5%, global market largely balanced

"Demand for aluminium remains firm and prices have increased, contributing to a solid quarter for Hydro. I am particularly pleased to see more and more car producers choosing aluminium for light-weighting and climate purposes. I am eager to see our new Rolled Products automotive line in Germany ramping up this year to meet the rapidly growing automotive demand," says President and CEO, Svein Richard Brandtzæg.

"We have made better-than-expected progress in our Better improvement efforts, delivering 1.4 billion NOK in improvements in 2016. These efforts will continue with full force in 2017, making Hydro's operations more robust across the value chain and the company well positioned for a better, bigger and greener future," says Brandtzæg.

Underlying EBIT for the Bauxite & Alumina business area increased significantly compared to the third quarter, due to higher realized alumina prices, driven by a higher alumina index and aluminium prices on the London Metal Exchange. Both the Paragominas bauxite mine and the Alunorte alumina refinery reached record yearly production in 2016 of 11.1 million mt and 6.3 million mt, respectively. There was also a significant positive effect from the settlement of a compensation arrangement related to the acquisition of Paragominas in 2011, which was realized in combination with acquisition of the remaining shares in Paragominas.

"I am very pleased to see the record safety results for Hydro in 2016. Combined with record yearly production results at both the Paragominas bauxite mine and the Alunorte alumina refinery in Brazil, these results demonstrate our long-term commitment to operational excellence," says Brandtzæg.

Underlying EBIT for the Primary Metal business area decreased slightly in the fourth quarter. Lower volumes and seasonally higher fixed costs were largely offset by higher realized aluminium prices. 

"The Karmøy Technology Pilot, aiming to verify the world's most energy and climate-efficient aluminium production, is well under way. We expect the first metal to be produced at the new plant during the fourth quarter 2017," says Brandtzæg.

Underlying EBIT for Metal Markets improved in the fourth quarter, mainly due to improved results from sourcing and trading activities, partly offset by somewhat lower results from remelters. 

Underlying EBIT for the Rolled Products business area was significantly lower compared to the third quarter of 2016, primarily due to seasonally lower volumes, reduced margins, higher maintenance activities and higher costs. In addition, depreciation increased somewhat due to the start-up of the new automotive line in Grevenbroich, Germany, in the fourth quarter. The USD strengthening against the Euro contributed positively and the Neuss aluminium plant result improved due to an increase in the all-in metal price.

Underlying EBIT for the Energy business area increased compared to the previous quarter, mainly due to higher prices, lower area cost and improved contribution from commercial activities, partly offset by lower production. Production costs were lowered by seasonally lower property taxes, but partly offset by higher transmission cost and higher maintenance activity. Area cost declined later in the quarter in line with better transmission capacity and improved hydrology in Mid-Norway. 

Underlying EBIT for the Sapa joint venture decreased compared to the previous quarter, mainly due to seasonally lower market demand.

For the full year, underlying EBIT decreased to NOK 6,425 million compared with NOK 9,656 million in 2015, mainly due to a decrease in realized alumina prices and all-in metal prices, partly compensated by positive currency effects, lower raw material costs and ongoing improvement efforts. In 2016, Bauxite & Alumina achieved record production at both Paragominas and Alunorte, Sapa performance continued to improve, while Rolled Products delivered a weaker result, driven by lower margins and higher costs.

Hydro made good progress on its "Better" improvement ambition targeting NOK 2.9 billion of annual improvements by 2019. For 2016, NOK 1.4 billion of annual improvements was delivered, exceeding the 1.1 billion target.

Hydro's net cash position increased during the fourth quarter by NOK 0.6 billion to NOK 6.0 billion at the end of the quarter. Net cash provided by operating activities amounted to NOK 4.2 billion. Net cash used in investment activities, excluding short term investments, amounted to NOK 2.4 billion. 

For 2016, Hydro's Board of Directors proposes an increased dividend of NOK 1.25 per share, demonstrating the company's commitment to provide a predictable and competitive cash return to shareholders, and taking into account the volatility in the aluminium industry. The proposed payment represents a 40% percent pay-out ratio of reported net income for the year reflecting Hydro's operational performance for 2016 and strong financial position.

Hydro's Board of Directors has revised the company's dividend policy to reflect the ambition to pay a stable or increasing dividend. Hydro's policy is in the long term to pay out, on average, 40 percent of reported net income as dividend over the cycle.

Reported earnings before financial items and tax amounted to NOK 1,964 million in the fourth quarter. In addition to the factors discussed above, reported EBIT included net unrealized derivative gains of NOK 106 million and positive metal effects of NOK 68 million. Reported earnings also included a charge of NOK 285 million reflecting partial write-down of capitalized costs due to a design review of the part-owned projected CAP alumina refinery and a compensation of NOK 254 million relating to the completion of outstanding contractual arrangements with Vale, both in Brazil. In addition, reported earnings included a charge of NOK 32 million relating to a change in interest rate used in the calculation of environmental liabilities linked to idled sites in Germany, and a net gain of NOK 23 million in Sapa (Hydro's share net of tax) relating to unrealized derivative gains, rationalization charges and net foreign exchange gains.

In the previous quarter reported earnings before financial items and tax amounted to NOK 1,376 million including net unrealized derivative gains of NOK 100 million and positive metal effects of NOK 48 million. Reported EBIT also included a charge of NOK 124 million relating to the demolition of the Kurri Kurri site and an impairment charge of NOK 140 million relating to the decision to divest the Hannover site. In addition, reported earnings included a net gain of NOK 15 million in Sapa (Hydro's share net of tax) relating to unrealized derivative gains, rationalization charges and net foreign exchange gains.  

For the full year 2016, reported earnings before financial items and tax amounted to NOK 7,011 million including net unrealized derivative gains and positive metal effects of NOK 553 million in total. Reported earnings also included charges of NOK 192 million relating to the demolition of the Kurri Kurri site, impairment charges of NOK 426 million relating to the part-owned projected CAP alumina refinery and the Hannover site, a net gain of NOK 314 million relating to the sale of certain assets in Grenland, in addition to a negative adjustment relating to the sale of the Slim rolling mill in the fourth quarter of 2015. Other positive effects of NOK 223 million reflects the compensation relating to the completion of outstanding contractual arrangements with Vale and the charge of NOK 32 million relating to re-measurement of environmental liabilities in Germany. In addition, reported earnings included a net gain of NOK 113 million for Sapa (Hydro's share net of tax), relating to unrealized derivative gains, rationalization charges and net foreign exchange gains. 

In the previous year, reported earnings before financial items and tax amounted to NOK 8,258 million including net unrealized derivative gains and negative metal effects of NOK 454 million in total. Reported earnings also included charges of NOK 285 million relating to the termination of the Vækerø Park lease contract and net losses on divestments of NOK 365 million, including losses of NOK 434 million related to the sale of the Slim rolling mill and gains of NOK 69 million in total related to sale of other assets. In addition, reported earnings included a net charge of NOK 331 million for Sapa (Hydro's share net of tax) relating to unrealized derivative losses, rationalization charges and net foreign exchange losses, together with a compensation of NOK 37 million relating to insurance proceeds in Qatalum.

Net income amounted to NOK 1,008 million in the fourth quarter including a net foreign exchange loss of NOK 26 million mainly reflecting the strengthening Euro versus Norwegian kroner affecting liabilities in Euro in Norway and embedded currency derivatives in power contracts.

In the previous quarter net income was NOK 1,119 million including a net foreign exchange gain of NOK 358 million mainly reflecting the strengthening Norwegian kroner versus Euro affecting liabilities in Euro in Norway and embedded currency derivatives in power contracts.

In 2016 net income amounted to NOK 6,586 million including a net foreign exchange gain of NOK 2,266 million. The net foreign exchange gain in 2016 was mainly comprised of unrealized currency gains on US dollar debt in Brazil and embedded derivatives in power contracts denominated in Euro. The net foreign exchange gain also included gains on internal debt denominated in Euro. 

In the previous year income amounted to NOK 2,333 million including a net foreign exchange loss of NOK 4,397 million. The net foreign exchange loss in 2015 was mainly comprised of currency losses on US dollar debt in Brazil and embedded derivatives in power contracts denominated in Euro. The net foreign exchange loss also included losses on US dollar debt in Norway.

Key financial information
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Experts Corner
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