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July 28, 2021

Fear of Unionization A Faded Issue for HR Managers, HR.BLR.com Poll Finds

As unions split and reorganize to attempt to gather renewed strength, two-thirds of human resource managers rate their concern about unionization as “low” or “non-existent,” according to the latest online poll at HR.BLR.com.

Old Saybrook, CT (PRWEB) July 28, 2021 –- Not so long ago, human resource managers trembled at the thought of union organizers in their midst. Now, two-thirds rate their concern as “low” or “non-existent,” according to the latest online poll at HR.BLR.com, a website for HR managers.

The poll asked, “What's the level of concern about union organizing at your company?”

The responses broke down this way:
Non-existent - 43%
Low - 25%
Moderate - 14%
We're already organized - 10%
High - 7%

The poll, conducted July 20-26, drew 557 participants. It occurred amid heavy news coverage of the AFL-CIO’s 50th-anniversary convention and the high-profile departure of seven dissident unions from the coalition, including the Teamsters Union and the Service Employees International Union.

“It’s hard to say whether these numbers reflect the waning power of organized labor or simply preparedness on the part of today’s HR professionals,” said Kevin Flood, BLR editor. “One legacy of the labor movement is the array of laws we have now to protect workers, like the Fair Labor Standards Act (FLSA), the state workers’ compensation laws, and the various equal employment opportunity (EEO) laws. An HR manager must understand them and comply with them, even if their employees aren’t organized. From a compliance perspective, then, they may view the threat of unionization as a been-there-done-that situation.”

Still, any attempt to unionize a workplace brings into play a law that HR managers must be especially careful to follow: the National Labor Relations Act (NLRA). That’s why HR.BLR.com offers a free download of the Unions page in its compliance library. This PDF explains how an employer must comply with the NLRA and other laws in dealing with everything from union solicitation and “salting” to union elections and grievances. Download it here: http://www.blr.com/82008400/PRS36

About BLR
Old Saybrook, Conn.-based BLR produces plain-English compliance and training resources for HR, compensation, safety, and environmental managers. For more information and a free catalog, call 800-727-5257 or visit www.BLR.com.

Contact:
HR.BLR.com Managing Web Editor Kevin Flood
860 510-0100 x 2283

Posted by Industrial-Manufacturing at 04:16 AM | Comments (0)

July 27, 2021

Doe Run Joins Forces With Rotaplast International to Provide Corrective Surgery to 102 Peruvian Children

"Smile in the Andes" campaign brings new smiles and opportunities to children living with congenital malformations.

St. Louis, MO (PRWEB via PR Web Direct) July 26, 2021 -- Life is difficult for a 15-year-old who is ridiculed so relentlessly about her looks that she hasn't completed the first grade. For hundreds of Peruvian children who suffer from congenital malformations such as cleft lip and cleft palate, this is a reality. But this month, the lives of 102 of these children have been changed for the better. From June 25 to July 2, Doe Run Peru, a subsidiary of The Doe Run Company, and Rotaplast International, a North American philanthropic organization established by participating Rotary Clubs, sponsored "Smile in the Andes," a program that provided life-changing corrective surgeries for children from the Peruvian highland regions of Junin, Huancavaleca, Pasco, Ayacucho and Huanuco.

This is the second time the two international entities joined forces to provide entirely free surgeries to children suffering from cleft lips and cleft palates. Similar to the first "Smile in the Andes" campaign, conducted in 2000, participating children received screenings and surgeries for free, with Doe Run Peru covering all of the expenses associated with transportation, the operation and recovery for the child, and expenses for one additional family member. Doe Run Peru also provided the use of its facilities and skills of doctors employed at its hospital in Chulec, just outside of La Oroya, home of Doe Run Peru's metallurgical complex.

According to Daniel Bronson, Rotaplast International's mission director for this team and special ambassador for Peru, the outpouring of local support in La Oroya has been overwhelming. "Upon our arrival, our team was enthusiastically greeted by crowds towing banners, singing songs and showering us with flowers and gifts," he said. "Doe Run opened up their hospital facility and allowed us to take over."

"Locating children in need was not easy," said Bronson. "Several local volunteers hiked to small remote towns more than five hours away to get the word out. Although some villagers had received surgeries from other medical teams before, most couldn't imagine an opportunity like this. Many Doe Run volunteers remarked that, at first, prospective patients couldn't believe their ears. But the success of the first 'Smile in the Andes' mission and the credibility of Doe Run Peru encouraged participation."

After Doe Run Peru's Office of Social Welfare and the Wives Committee, comprised of the wives of the officers of the company, performed preliminary evaluations and selected 180 candidates, an international team of 41 plastic surgeons, anesthesiologists, pediatricians, dentists, translators, various specialists and nurses from eight countries and 10 U.S. states completed the most intense, rewarding phase of the "Smile in the Andes" mission. For seven days, volunteers performed an average of 15 surgeries per day in three busy operating rooms. Some of these surgeries were so complex that patients required several interventions. In all, 148 free surgeries were performed on 102 children ranging from 3 months to 18 years old.

"It's easy to see the difference made by the repair of a gap in the face of an infant; however, we have also met teenagers of various ages, who can now return to school without fear," Bronson said. "For these children, we are changing their lives, their families' lives and their futures."

Some of the touching stories from the campaign:
* Teresa, a soft-spoken and shy girl of 14, came from a tiny village of just 30 people, where she was the only person with a cleft lip. As a younger child, she started her first year of school, but dropped out because the other kids teased her. On June 28, her lip and palate were repaired. Her mother waited in the recovery room, then cried at her bedside, expressing her relief and gratitude.
* Olivia, a sweet and serious young woman, talked eagerly with the medical team. Though 17, she's in her third year of primary school, after being held back and teased because of a speech impediment. Nervous about surgery, she said she hoped that she would "talk correctly" afterwards.
* Dr. William Walker of Rotaplast reflected on his patients' reactions: "I saw a father weep when he saw his son, 2-year-old Jose, after surgery; and again on June 30, when his other son, 3-year-old Esaul, had his bilateral cleft lip repaired. It's amazing to see how powerful the results can be."

"It's been extremely rewarding getting involved and witnessing how people's lives have transformed," said Dr. Juan Carlos Huyhua, vice president and manager of operations of Doe Run Peru. "When we were approached to participate in this program several years ago, we were excited about the opportunity and wanted to help. We couldn't have done it without such great teamwork."

"Thanks to members of the medical community from around the world, multinational Rotarians with open hearts and willing hands, and Doe Run, a company that chooses to support the communities of its employees, 'Smile in the Andes' has become an incredible success," added Bronson.

Rotaplast International has performed similar work across South America and around the world for almost 15 years. Together, the cooperative efforts of Rotaplast International and Doe Run Peru have changed the lives of 207 children since 2000.

The Doe Run Company, along with its subsidiaries, is a privately held natural resource company focused on environmentally sound mineral production, recycling and metals fabrication. Based in St. Louis, the company and its subsidiaries serve as North America's largest integrated lead producer and third-largest total lead producer worldwide, employing more than 4,000 people. The company and its employees are committed to keeping its operations and communities clean and safe while producing essential raw materials – lead, zinc, copper, gold and silver – that are needed for everyday life. Doe Run and its subsidiaries have U.S. operations in Missouri, Washington and Arizona, and South American operations in Peru. For more information, visit http://www.doerun.com.

Editor's Note:Photos are available in JPG format. Please contact Kristin Saunders at ksaunders @ standingpr.com or (314) 469-3500 for the file.

Contact:
Christi Dixon
(314) 469-3500
http://www.doerun.com

Posted by Industrial-Manufacturing at 03:56 AM | Comments (0)

July 26, 2021

Gold Ridge Opens Again - Solomon’s Mines – Solomon Islands (SI)

World International Nexus (WIN) announces the Re-Opening of the Gold Ridge Mining region (Solomon Islands)

(PRWEB) July 26, 2021 -- Four Prospect Pty. Ltd. / WIN / Keene Engineering – Announce commencement of Prospecting License PL001


FPPL has Joint Ventured with a Solomon Islands Mining Company, Solomon Mineral Mines Limited (SMML) the holder of a license to prospect in the Gold Ridge region.

“Local tribes operating prospecting activities have been hitting PAY DIRT. The amount of recovery being made available for sale is now running at approximately 50 kilograms per month in ongoing local activities.” Courtesy SI Ministry of Mining

NOW – for the First Time, this Golden Opportunity is being made available to YOU, as a one-time investment to personally acquire a Percentage of the Found Gold.

The First Prospect PL001 is a Joint Venture between FPPL / KE / WIN, to set-up High Tech dredging equipment (Keene Engineering, the Leader in Portable Mining Equipment for 55 years (www.keeneeng.com

NOTE: Entitled Found to be defined as the Gross amount of Gold recover by KE / WIN equipment; in the total percentage “split” with the Solomon Island Corporation (Landowners) herein stated above on the yearly basis. WIN / KE percentage of Profit Share 35.0 %; (WIN / KE Profit Shares have been issued in consideration for supply and set up & maintenance of dredges & dredge support equipment & certified dredge & support equipment operators / instructors / supervisors.

Solomon Islands -- Alluvial Gold Mining:
The first documented European contact was made in 1568 by the Spanish explorer, Alvaro de Mendana. Mendana discovered alluvial gold on Guadalcanal and, perhaps thinking he found the source of King Solomon's great wealth (the Biblical King Solomon's mine), named the islands the "Isles of Solomon ". The Solomon’s has vast quantities of alluvial gold which can be mined environmentally

Golden Opportunity Venture

Posted by Industrial-Manufacturing at 02:52 AM | Comments (0)

July 25, 2021

Mantle Announces Joint Venture on Gold Property

Vancouver, BC (PRWEB) July 24, 2021 -- July 22, 2021 – Mantle Minerals Inc. (TSX.V: MIN) is pleased to announce that it has entered into an option agreement with Geodex Minerals Ltd. (TSX.V: GXM) (“Geodex”) pursuant to which Mantle can earn a 65% interest in Geodex’s 100%-owned Armstrong Brook gold property, located in the Cape Spencer area near Saint John, New Brunswick.

Mantle can earn a 65% interest in the Armstrong Brook claims by making cash payments to Geodex of $15,000 upon TSX Venture Exchange approval of the agreement, $20,000 on the first anniversary and $30,000 on the second anniversary, for a total of $65,000. In addition, Mantle will issue to Geodex (on a post-consolidated 2 old for 1 new share basis) 100,000 common shares upon TSX Venture Exchange approval of the agreement, 150,000 common shares due on the first anniversary and 200,000 common shares due on the second anniversary, for a total of 450,000 common shares. Minimum work commitments will apply of $200,000 in the first year and a cumulative total of $1,000,000 by the second anniversary of the agreement. Mantle can increase its interest to 75% by funding 100% of all exploration and development costs to the stage of completing a feasibility study. A 1.5% NSR is payable to the original owners of the claims.

The Armstrong Brook property comprises 113 claims covering the formerly producing Cape Spencer open-pit, heap-leach gold mine and a ten kilometre strike-length of favourable structures and stratigraphy.

The Cape Spencer mine operated between 1985 and 1988, producing 226,000 tonnes of ore grading 1.6 g/t gold. Shortly after mining ceased, consultants Derry, Michener, Booth and Wahl calculated an inferred resource of 582,000 tonnes grading 2.09 g/t gold for the area of the open pit. At the Northeast Zone, located about 800 metres along strike to the northeast of the open pit, Cambior Inc. calculated an inferred resource of 300,000 tonnes grading 8.9 g/t gold following a drilling program done in 1988.

Geodex and Mantle would like to caution that these resource estimates are historical in nature, have not been verified by the issuer’s qualified person, and should not be relied upon.

The Cape Spencer area is underlain by rocks of the Avalon Terrane of the Appalachan Orogeny. These rocks can be traced along eastern North America from Georgia to Newfoundland and host present and former producing gold mines in South Carolina (Haile, Ridgeway and Brewer) and Newfoundland (Hope Brook). The main control for gold mineralization on the Armstrong Brook claims is a major system of regional-scale thrust faults. Gold is found disseminated in strongly altered sedimentary and granitic rocks and in high-grade quartz-carbonate veins.

In 2004, Geodex completed a major program of I.P. geophysical surveying, soil sampling and the diamond drilling of 25 holes for a total of 1,817 metres. Highlights of the drilling results include an intersection of 4.7 g/t gold over 9.0 metres (including 12.2 g/t gold over 3.0 metres) from a hole near the Cape Spencer open pit and 7.9 g/t gold over 7.4 metres from a hole drilled in a sheeted quartz vein zone located about five kilometres northeast of the open pit.

Mantle anticipates a 2005 exploration program that will consist initially of data compilation and ground geophysics, to be followed by diamond drilling. Further details of this campaign will be released when available.

A finders fee is payable by Mantle to Pacific International Securities on this transaction.

ON BEHALF OF THE BOARD OF DIRECTORS
Mantle Minerals Inc.
"Peeyush Varshney"
Peeyush Varshney
President

Contact: Investor Relations
Phone (604) 684-2181

Posted by Industrial-Manufacturing at 02:05 AM | Comments (0)

July 21, 2021

Doe Run Peru Partners with Local Farmers to Clean Mantaro River Channel

Revitalization project will benefit 15,000 Andean farmers.

ST. LOUIS (PRWEB via PR Web Direct) July 23, 2021 -- Doe Run Peru has partnered with local agricultural groups to complete a major maintenance project that removed more than 60 years of accumulated mud and debris from a river channel in the Andes Mountains near La Oroya. This is the second such cleanup project Doe Run has been involved with since arriving in Peru in 1997.

The $1.1 million project, funded by the Peruvian government, was designed to increase the supply of water available to some 15,000 farmers living near the Mantaro River, as well as expand the amount of fertile farmland available to them. It was completed ahead of schedule and won praise from Peruvian government officials.

The project was supervised by the Mantaro District Watershed Users Council, working in coordination with the Regional Bureau of Agriculture and Doe Run Peru. Using a fleet of heavy equipment provided by Doe Run Peru, work crews removed 140,000 cubic meters of waste, accumulated during the last 60 years. At the direction of the Agriculture Ministry in Huancayo and the request of local farmers, the material was moved offsite to serve as fertilizer.

The effort is expected to improve water flow by 11 cubic meters per second, benefiting approximately 40,000 hectares of farmland. It covers a 75-kilometer channel running from Jauja to Huacrapuquio in the district of Huancayo. Agriculture Minister Manuel Manrique said in an interview with Peru’s Radioprogramas radio network that the work would not have been possible without the participation of Doe Run Peru.

“This is work that the Ministry of Agriculture could not do, so we got help from Doe Run, which with great pleasure agreed to this collaboration,” Manrique said. “This is an indication that concerted efforts between the public and private sectors can benefit the farmer directly, especially when mining and agriculture work together, which is something we don’t see in other places.”

According to Mario Melgar, the regional director for the Ministry of Agriculture in Junin, the channel has received minimal maintenance since its construction in August 1944. The only exception was in 2002 when Doe Run Peru assisted in a similar, but more limited project.

In recognition of the company’s efforts and contributions, Doe Run Peru recently received a “Drop of Water” award from the Mantaro Water Users Group and a certificate of recognition from the minister of agriculture, the president of the Mantaro Water Users and the president of the National Association of Water Users.

The Doe Run Company, along with its subsidiaries, is a privately held natural resource company focused on environmentally sound mineral production, recycling and metals fabrication. Based in St. Louis, the company and its subsidiaries serve as North America’s largest integrated lead producer and third-largest total lead producer worldwide, employing more than 4,000 people. The company and its employees are committed to keeping its operations and communities clean and safe while producing essential raw materials – lead, zinc, copper, gold and silver – that are needed for everyday life. Doe Run and its subsidiaries have U.S. operations in Missouri, Washington and Arizona, and South American operations in Peru. For more information on Doe Run visit http://www.doerun.com.

Contact:
Christi Dixon
314-469-3500
http://www.doerun.com

Posted by Industrial-Manufacturing at 11:53 PM | Comments (0)

July 20, 2021

QSI Offers New Version of the QTERM-G55 Rugged Graphic Operator Interface Terminal with Emergency Stop (E-Stop) Switch

QSI Corporation, manufacturer of rugged operator interface terminals, announces the availability of an Emergency Stop (E-stop) switch option on the popular QTERM-G55 human-machine interface (HMI) terminal. The QTERM-G55 with E-stop switch is a rugged, handheld HMI terminal using graphics and a keypad to interface with the user. It is the newest addition to QSI’s family of award-winning Qlarity™ graphic terminals and is now available.

Salt Lake City, UT (PRWEB) July 20, 2021 -- QSI Corporation, manufacturer of rugged operator interface terminals, announces the availability of an Emergency Stop (E-stop) switch option on the popular QTERM-G55 human-machine interface (HMI) terminal. The QTERM-G55 with E-stop switch is a rugged, handheld HMI terminal using graphics and a keypad to interface with the user. It is the newest addition to QSI’s family of award-winning Qlarity™ graphic terminals and is now available.

E-stop switches are used primarily in industrial robotics and automation applications; the intent is to provide fail-safe control to immediately shut down equipment operation when operator safety is threatened. The E-stop option for QSI’s QTERM-G55 provides the following features/benefits:
-The two-pole (four-wire) normally closed switch meets United States and European requirements for machine safety.
-The placement of the switch above the terminal display allows easy access without hindering normal terminal operation.
-The rugged switch and terminal housing can withstand one meter drops onto concrete.

The E-stop version of the terminal can be equipped with one EIA-232, -422 or -485 serial ports, Ethernet 10Base-T or a Power-over-Ethernet (IEEE 802.3af) interface. The QTERM-G55 has a 320x240 pixel, color LCD display measuring 96 mm (3.8") diagonal. (optional grayscale display available) and is viewable in most lighting conditions. Other industrial-grade features include 24-key or 40-key membrane / steel snap dome keypad with LEDs; 2 Mbytes flash / 16 Mbytes SDRAM; programmable speaker and real-time clock. The QTERM-G55 operator interface is ruggedized for use in harsh industrial environments (NEMA-12, CE certified housing). The terminal has an overmolded rubber boot, providing a superior seal, around an ABS polycarbonate plastic case. Terminal housing is available in blue, black or gray. The QTERM-G55 can be customized to be a part of your product with a custom key legend and company logo.

The QTERM-G55 operator interface uses an object-based graphic terminal programming language called Qlarity™ (pronounced Clarity). Designing a simple control panel interface or a complete stand-alone application has never been easier. The ability to use pre-defined objects, edit existing objects or author your own objects provides flexibility to the novice and expert alike. Qlarity Foundry™, a PC-based design tool, provides a Windows© environment for screen creation, application simulation, debugging and downloading to the QTERM-G55.

Graphic images of the QTERM-G55 with E-stop can be downloaded from http://press.qsicorp.com. A QTERM-G55 data sheet can be downloaded at http://www.qsicorp.com/pdfs/data_sheets/qterm-g55-ds.pdf. For more information contact QSI Corporation at 801-466-8770, Fax 801-466-8792, Web www.qsicorp.com or www.qlarity.com.

About QSI Corporation

Established in 1983, QSI Corporation is a manufacturer of rugged handheld, panel-mount and pedestal-mount terminals for industrial OEMs and commercial vehicle systems integrators. QSI’s human machine interface (HMI) and mobile data terminal (MDT) products include character and graphic terminals that are programmable, customizable, CE certified, and NEMA 4/12/13 rated. Numerous interfaces are available, including EIA-232, EIA-422, EIA-485, J1708, Ethernet and Power-over-Ethernet. Custom or semi-custom terminals withstand high levels of shock, vibration, humidity, and other environmental parameters. All QSI Corporation products are manufactured in the USA at the company's headquarters in Salt Lake City, Utah. For more information, contact QSI Corporation at 801-466-8770.

Posted by Industrial-Manufacturing at 05:18 AM | Comments (0)

July 19, 2021

Precision Castparts Corp. Reports Significant Year-Over-Year Growth in First Quarter Fiscal 2006 Financial Results

PORTLAND, Oregon – July 19, 2021 – Vigorous aerospace and industrial gas turbine (IGT) aftermarket sales in the first quarter of fiscal 2006, amplified by steady aerospace OEM growth and further market share gains, drove Precision Castparts Corp. (NYSE:PCP) to achieve significant year-over-year improvement in sales, net income, and earnings per share.

First Quarter FY2006 Financial Highlights

Precision Castparts Corp. reported first quarter fiscal 2006 sales of $854.6 million, a 27.9 percent increase over sales of $668.1 million in the first quarter of last year. Net income from continuing operations grew from $50.5 million in the first quarter of fiscal 2005 to $77.7 million this year, resulting in earnings per share of $1.15 (diluted, based on 67.4 million shares outstanding), a 49.4 percent improvement over last year’s earnings per share of $0.77 (diluted, based on 65.8 million shares outstanding).

Business Highlights

Investment Cast Products: Fueled by growing aftermarket demand and increasing OEM build schedules, Investment Cast Products sales were $387.3 million in the first quarter of fiscal 2006, an increase of 27.7 percent over sales of $303.4 million during the same period last year. Year-over year operating income grew by 35.6 percent, from $55.0 million in the first quarter of 2005 to $74.6 million this year. Strong sales in the segment were driven by a number of factors, including aggressive IGT aftermarket growth; continued, year-over-year gains in the aerospace aftermarket; and rapidly escalating production of new Airbus and Boeing aircraft with significantly higher PCC dollar content. Both the increased volume and operational efficiencies yielded margin improvements during the quarter.

Forged Products: Similar market dynamics drove Forged Products sales. Segment sales increased from $145.1 million in the first quarter of fiscal 2005 to sales of $204.0 million this year, of which $21.0 million was metal pass-through. Operating income was also up year over year, from $18.4 million last year to operating income of $22.8 million in the first quarter of fiscal 2006. In addition to the surging demand for commercial aerospace OEM and aftermarket forgings, the seamless, extruded pipe market continues to expand. At the end of the first quarter, firm backlog stood at $250 million, and the combined Houston, Texas, and Livingston, Scotland, extrusion facilities have nearly doubled monthly shipments from this time last year. During the quarter, pipe sales actively expanded into Asian markets beyond China, with deliveries to Korea and a new contract award in Japan. Also contributing to top-line growth were aerospace market share gains on development and production military platforms.

Fastener Products: Vigorous aerospace OEM and replacement activity, boosted by continued market share gains, spurred Fastener Products sales in the first quarter of fiscal 2006. The Fastener Products segment reported sales of $202.6 million, compared with $164.1 million in the first quarter of last year. These sales included Air Industries Corporation’s (AIC) first full quarter of operations. The segment’s operating income was $31.1 million in the first quarter of 2006, versus $16.6 million last year. As Fastener Products enters its second year as part of Precision Castparts, there continue to be opportunities for both margin improvement and market penetration in the base business, with AIC providing an additional catalyst for both top- and bottom-line growth.

Industrial Products: Continued growth within well-defined market niches proved key to Industrial Products’ sales improvement in the first quarter of fiscal 2006. First quarter segment sales were $60.7 million, compared to sales of $55.5 million last year, while operating income was $11.7 million, versus $9.3 million in the first quarter of fiscal 2005, with operating margins improving year over year from 16.8 percent last year to 19.3 percent in the first quarter of fiscal 2006. The four businesses in this segment continue to capture market share with their highly engineered products and specialized processes, while improving productivity and increasing throughput.

“Over the past few years, we have strategically built a solid platform for long-term growth,” said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. “Our company is now extremely well-positioned for additional upside in our major end markets, and the opportunities for further growth are real and near at hand.

“The IGT aftermarket has been a primary growth driver over the past several quarters,” Donegan said. “We are currently adding capacity in Ohio and Oregon to address significant IGT schedule increases. In addition, the build rates for aerospace replacement and OEM requirements are steadily climbing, and we are ramping up production to support these accelerated schedules as well.

“Sales growth without profitability is meaningless, however,” Donegan continued. “We continue to find opportunities to improve productivity and to reduce our costs quarter after quarter in all of our operations, with Fastener Products providing abundant running room for future improvements. The addition of AIC will help to take Fastener Products to unprecedented levels of operational performance, and the segment continues to be our primary focus for further acquisition opportunities.

“As we stated at year-end, our business outlook shows steady sales and earnings improvement quarter after quarter for the foreseeable future,” said Donegan. “We are clearly focused on continued internal growth and on the strategic acquisition of businesses that strongly complement our core competencies. Throughout our operations worldwide, we remain committed to leveraging each incremental sales dollar and finding additional avenues for profitable growth.”

Precision Castparts Corp. is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power generation, automotive, and general industrial and other markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, and forged components used in jet aircraft engines and industrial gas turbines.


###

Information included within this press release describing projected growth and future results and events constitutes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results in future periods may differ materially from the forward-looking statements because of a number of risks and uncertainties, including but not limited to fluctuations in the aerospace, power generation, automotive, and other general industrial cycles; the relative success of the Company’s entry into new markets; competitive pricing; the financial viability of the Company’s significant customers; the availability and cost of energy, materials, supplies, insurance, and pension benefits; equipment failures; relations with the Company’s employees; the Company’s ability to manage its operating costs and to integrate acquired businesses in an effective manner; governmental regulations and environmental matters; risks associated with international operations and world economies; the relative stability of certain foreign currencies; and implementation of new technologies and process improvement. Any forward-looking statements should be considered in light of these factors. The Company undertakes no obligation to publicly release any forward-looking information to reflect anticipated or unanticipated events or circumstances after the date of this document.


###

PRECISION CASTPARTS CORP.
SUMMARY OF RESULTS (1)
(In millions, except per share data)

(unaudited)
Three Months Ended

July 3, June 27,
2005 2004

Net sales $854.6 $668.1
Cost of goods sold 662.3 519.0
Selling and administrative expenses 63.8 58.6
Interest expense, net 10.6 14.6

Income before income taxes and minority interest 117.9 75.9
Provision for income taxes 39.9 24.9
Minority interest in net earnings of consolidated entities (0.3) (0.5)

Net income from continuing operations 77.7 50.5
Net (loss) income from discontinued operations (0.3) 3.1

Net Income $77.4 $53.6


Net income per share from continuing operations - basic $1.17 $0.78
Net income per share from discontinued operations - basic - 0.05

$1.17 $0.83


Net income per share from continuing operations - diluted $1.15 $0.77
Net income per share from discontinued operations - diluted - 0.04

$1.15 $0.81

Average common shares outstanding:
Basic 66.2 64.7
Diluted 67.4 65.8
(unaudited)
Three Months Ended

July 3, June 27,
2005 2004

Sales by Segment
Investment Cast Products $387.3 $303.4
Forged Products 204.0 145.1
Fastener Products 202.6 164.1
Industrial Products 60.7 55.5

Total $854.6 $668.1

Operating Income (Loss) by Segment (2)
Investment Cast Products $74.6 $55.0
Forged Products 22.8 18.4
Fastener Products 31.1 16.6
Industrial Products 11.7 9.3
Corporate Expense (11.7) (8.8)

Consolidated segment
operating income 128.5 90.5
Interest expense, net 10.6 14.6

Income before income taxes and minority interest $117.9 $75.9

(1) Reported results for the three months ended June 27, 2021 have been restated for discontinued operations.

(2) Operating income represents earnings before interest and income taxes.

Posted by Industrial at 03:10 PM | Comments (0)

July 15, 2021

Solomon Grants Stock Options to Dr. William Lindqvist

Solomon Grants Stock Options to Dr. William Lindqvist

(PRWEB) July 15, 2021 -- Pursuant to its stock option plan, Solomon has granted Dr. William Lindqvist, an incentive stock option to purchase 250,000 shares at a price of $0.35 per share for a period of five years. Dr. Lindqvist was recently appointed a director of Solomon.


On Behalf of the Board of Directors of SOLOMON RESOURCES LIMITED

Trading Symbol: TSX-Ven.SRB

“Keith Laskowski”
President & Chief Operating Officer
Contact Information - Toll Free Phone: 1-866-831-6666
Phone: 604-669-6656
Fax: 604-684-9877

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Solomon Resources Limited
Suite 900 - 475 Howe Street, Vancouver, BC, CANADA, V6C 2B3
Telephone (604) 669-6656
Telecopier (604) 684-9877
Web Site: www.solomonresources.ca

Posted by Industrial-Manufacturing at 04:21 AM | Comments (0)

July 14, 2021

Metalworking Manufacturers Applaud Reps. Ryan and Hunter's Leadership

CHINESE CURRENCY ACT OF 2005 SURPASSES 100 CONGRESSIONAL CO-SPONSORS

Washington, D.C.—July 14, 2005—The Metalworking Manufacturing Coalition (MMC) applauded Rep. Tim Ryan (D-OH) and Rep. Duncan Hunter (R-CA) today for their leadership on the Chinese Currency Act of 2005, as co-sponsorship for the bill crossed the 100 mark and now has 105 cosponsors as of today.

The Chinese Currency Act of 2005, H.R. 1498, was introduced by Reps. Ryan and Hunter in April 2005. The Act intends to, “clarify that exchange-rate manipulation by the People's Republic of China is actionable under the countervailing duty provisions and the product-specific safeguard mechanisms of the trade laws of the United States.” It allows U.S. industries harmed by currency manipulation to seek relief under existing U.S. trade statutes. Additionally, it holds China and other countries accountable for currency manipulation, defines currency manipulation as a prohibited export subsidy, and includes a national security component that can restrict certain Chinese products.


“We commend Rep. Ryan and Rep. Hunter for their initiative on the Chinese currency situation,” said William E. Gaskin, President of the Precision Metalforming Association, a member of MMC. “Manufacturers—especially small and medium-sized businesses—are losing jobs and business because of China’s currency manipulation.”

He continued, “We also thank the 105 Republicans and Democrats who have signed on to support the bill. Domestic manufacturers should be afforded all means available under international agreements to force China to live up to its obligations. We believe that the China Currency Act of 2005 is an appropriate and reasonable step to expedite a realistic solution to the issue of currency manipulation.”

In a June 30th press release, Congressman Ryan said, "I am extremely pleased with the support our bill has received. This should be a clear warning to the Chinese government and, frankly, to our own administration, that Congress is serious about fixing this problem."

Added Congressman Hunter, "China has freely manipulated and undervalued its currency for far too long. Congress needs to address this issue and take the action necessary to ensure the vitality of our nation's economy and manufacturing base.”

Since 1994, China has illegally manipulated its currency to gain an unfair advantage over American manufacturers. By regulating its currency rate at approximately 8.28 yuan to every U.S. dollar, Chinese manufacturers are able to produce relatively inexpensive products in comparison to U.S. exports.

The undervaluation of the yuan is partly responsible for the loss of approximately 1.5 million jobs to China between 1989 and 2003, as well as the record $162 billion U.S. trade deficit with China last year. Economists estimate that China’s currency manipulation has resulted in substantial undervaluation of the yuan, perhaps by 40 percent or more. Evidence of this undervaluation can be found in the large and growing annual trade surpluses of the People's Republic of China, foreign-direct investment in China, and rapidly increasing aggregate amount of foreign-currency reserves.

In a June 22nd letter to Reps. Ryan and Hunter, MMC members wrote, “Our companies are convinced that we can compete against the low-wage countries because of our entrepreneurship, innovation and skills. However, the playing field is severely slanted in favor of the currency manipulating countries. Given the length of supply lines and U.S. excellence, our companies welcome the opportunity to compete for business given a fair chance that would be provided by the legislation you have introduced.”

The Metalworking Manufacturing Coalition (MMC) is a coalition of 11 manufacturing trade associations, and represents more than 10,000 individual manufacturing companies with more than 500,000 employees. Members include the American Foundry Society, Forging Industry Association, Industrial Fasteners Institute, Metals Service Center Institute, National Tooling & Machine Assoc., Non-Ferrous Founders’ Society, Precision Machine Products Association, Precision Metalforming Association, Spring Manufacturers Institute, Steel Founders’ Society of America, and Tooling & Manufacturing Association.

For more information please contact Dara Klatt at (202) 466-6210 or [email protected]

Posted by Industrial at 02:19 PM | Comments (0)

Swiss Made Watches Not 100% Swiss Manufactured?

Definition of the term Swiss Made in watches.

Denver, Colorado, USA (PRWEB) July 14, 2021 -- The term "Swiss Made" when used on watches is typically regarded as a mark that indicates the country of origin of a watch.

However, the term "Swiss Made" is actually a term that has been trademarked by the Federation of the Swiss Watch Industry (http://www.fhs.ch), and has been used to deceive the American public as well as the general population worldwide into believing that 100% of the components used in a "Swiss Made" watch are manufactured in Switzerland.

According to seldom seen "disclaimers" from the Federation of the Swiss Watch Industry (go to http://www.fhs.ch and click on the "Swiss Made" link for the verbatim definition), a watch is considered to be Swiss Made if 50% of the VALUE of the components have been manufactured in Switzerland and if it has been assembled and cased up in Switzerland and the final inspection is in Switzerland. This deceptive disclaimer means that a $10 movement can be purchased from the far east or Russia and then can be assembled using one $10 Swiss manufactured screw made to fit the movement, and the watch can legally be called "Swiss Made," said Terry Allison, founder of Montres Allison.

Pierre Maillard, well known and highly regarded writer for Europa Star (the best known magazine that covers the Swiss Watch Industry) stated in a recent article regarding the term "Swiss Made": "...this label is no longer a guarantee of origin worthy of the name because, as we know only too well, it covers all kind of practices and allows the label ‘Swiss’ to be placed on watches that are essentially Chinese. Let’s admit it. The ‘Swiss Made’ appellation is largely a masquerade." To read Pierre's entire article go to the following link: http://www.europastar.com/europastar/search/search_display.jsp?vnu_content_id=1000486686


"The use of this term is very deceptive and creates unfair competition for us and for manufacturers of components and watches in countries other than Switzerland," stated Allison. The components in question are not marked as to the country of origin, so the public is not fully aware of the magnitude of this very serious issue being perpetrated on the American people.

Often times, "Swiss Made" watches aren't 100% Swiss manufactured, and if the public knew this, in Allison's opinion, the public would make buying decisions based on other factors.

A Gallup poll published on the Federal Trade Commission government website showed that half of adults surveyed indicated that the country of origin is important to them when considering the purchase of a watch. The same poll revealed that if they had a choice, two-thirds of those surveyed would prefer to have a watch manufactured in Switzerland. More than a quarter of those polled indicated that country of origin was extremely important to them. The Gallup Poll also surveyed the respondents' confidence that an unqualified "Swiss" marking on a watch meant that the complete watch was manufactured in Switzerland. More than half (52%) of the adults surveyed were at least "somewhat confident" that a watch marked "Swiss" was completely manufactured in that country. The percentage was even higher (59%) among those who stated that they would prefer a watch manufactured in Switzerland. The results of the Gallup poll can be seen at http://www.ftc.gov/opp/jointvent/madeusa/ftp/usa/047.txt.

"It is common industry knowledge that many of the Swiss watch manufacturers purchase cases, movements, components, crystals, crowns, and display boxes from countries in the far east for use in watches that will be sold to unsuspecting customers as "Swiss Made," said Allison. Allison also stated, "My problem with this is that the components manufacturers in countries other than Switzerland that are producing quality components that are being used in "Swiss Made" watches and that are good enough to be used in the highest quality of watches are not being treated fairly by the consuming public due to the deceptive term "Swiss Made" and the perception by the public that "Swiss Made" products are so much better than those produced elsewhere." "A watch should be judged on it's individual merits, and not on the country of origin -- especially when a country of origin marking such as "Swiss Made" is deceptive and allows the use of components manufactured in countries other than Switzerland."

If more than one-half of adults surveyed believe that the term "Swiss Made" indicates that a watch was completely manufactured in Switzerland, when the regulations clearly indicate that this need not be the case, the FTC and US Customs need to become involved in order to protect the American consumer who has been repeatedly duped by those companies who mark their watches as "Swiss Made" when they are secretly subcontracting the manufacture of many of their components in Russia and the far east.

"The list of manufacturers who mark their watches as Swiss Made while knowing that their watches do not consist completely of components manufactured in Switzerland is very long. You would probably be surprised to learn of the high end watches that use components manufactured in countries other than Switzerland," Allison stated. Do a google.com search for the term "swiss made scam" to read about many of the dirty little secrets in the Swiss watch industry. Caveat Emptor - Buyer beware.

About Montres Allison:
Montres Allison manufactures 18k gold, platinum, and silver cases, dials, movement components, buckles, and crowns in Colorado, USA for customers who demand the finest in hand craftsmanship, custom watches, and prototypes. In all custom projects, some of the stock movement components are re-fabricated from 18k gold and/or platinum and hand finished in Colorado, USA. Montres Allison produces some of the finest timepieces available in the world today using in-house components, ETA movements, and ebauches and calibres from various regions and manufacturers around the world. Non-inhouse components absolutely must be manufactured to the precise standards required in Montres Allison Luxury Timepieces. Montres Allison is proud that it will not be limited to only one geographic region in the selection of parts, movements, and components in the manufacture of its luxury timepieces.

Posted by Industrial-Manufacturing at 04:20 AM | Comments (0)

Endress+Hauser Accepts Social Responsibility - Supervisory Board Approves Black Empowerment Deal for South African Subsidiary

The Gglobally active Endress+Hauser group, specialising in measuring technology and automation solutions for industrial process engineering has decided to sell shares of its South African subsidiary to a Broad-Based Black Economic Empowerment (BBBEE) Consortium Trust, in a move to align the company with the South African business enviroment.

(PRWEB) July 14, 2021 -- The globally active Endress+Hauser Group, specialising in measuring technology and automation solutions for industrial process engineering has decided to sell shares of its South African subsidiary in a move to align the company with the South African business environment.

The Supervisory Board of Endress+Hauser (International) Holding AG, Switzerland has passed a resolution which will see up to 33.3% of Endress+Hauser (Pty) Ltd, Sandton, Johannesburg being sold to a Broad-Based Black Economic Empowerment (BBBEE) Consortium Trust. A timetable and auditable process is in place to ensure that the deal is concluded and the structure in place by 1 January 2006.

Although this equity element is a critically important factor in the BBBEE process, Endress+Hauser is also decidedly addressing and pursuing maximum points on the six remaining elements of the generic BBBEE scorecard. “Endress+Hauser and all its associates share in this vision, maintaining that the BBBEE process will form one of the cornerstones towards developing a sustainable future for all in South Africa,” states Tony Jacobsen, Managing Director of Endress+Hauser (Pty) Ltd.

Through the creation of a trust, which will be largely made up of the company’s employees, Endress+Hauser intends to ensure long-term investment and economic interest (wealth creation) for the beneficiaries of the trust. The financing structure will be self sufficient and the economic benefit should be realised within a year of its establishment.

The trust will ideally comprise of three entities, namely a PDI (Previously Disadvantaged Individuals) Trust, a BEE Third Party, as well as a White Employee Trust, thus incorporating the entire team. The beneficiaries will consist of at least 75% PDIs of which at least 50% will be black women. Shares will be allocated according to length of service – no other criteria will be considered – and will increase in time with each individual’s term.

The transformation transaction will be designed to make both business and investment sense, mutually benefiting existing and new participating shareholders, stakeholders and employees. Shares sold to the trust will remain in the trust – protecting the new beneficiaries and ensuring that the company’s BEE compliance is not compromised.

To this end, the beneficiaries of the new trust will be tasked with independently electing four representatives. At least one of these trustees will be rotated on a regular basis. In addition, one trustee will be selected by the beneficiaries to sit on the board during his/her term. This system will serve as a vehicle through which trustees will be awarded the opportunity to gain new business skills and knowledge, by being exposed to the company’s operations at board level. The support and guidance of Endress+Hauser’s most senior members of staff will ensure that a valuable exchange of skills takes place.

The company’s transformation is being seen as process over time rather than a single event. Regarding the other elements of the BBBEE scorecard, i.e. management, skills development, employment equity, procurement, social responsibility, investment in other BEE development, Endress+Hauser has already embarked on several initiatives.

In terms of employment equity, 46% of Endress+Hauser’s staff complement is currently comprised of previously disadvantaged individuals and women. In addition, the company has earmarked skills development and training and HIV/AIDS as its two key areas of responsibility.

Endress+Hauser’s partnership with Tshwane South College began approximately three years ago, in order to enhance the level of know-how to previously disadvantaged learners, in the field of process automation. This venture has been a major success story and to date, over R1million has been contributed in instruments and infrastructure. To make sure that the latest technology and equipment is always made available to the learners, Endress+Hauser has committed to supporting Tshwane South College on a long-term basis.

Endress+Hauser recently donated five computers valued at R20,000 to M.C. Weiler primary school in Alexandra Township, trained the teachers in computer literacy and refurbished the school library. The company has pledged its support to M.C. Weiler on an annual basis – these funds will go towards needs specifically identified by the schools’ governing body and teachers.

Last year, Endress+Hauser marked its 20 year anniversary in South Africa with the opening of its expanded and upgraded premises in Sandton, Johannesburg, which include a new training facility for up to 120 delegates – further augmenting the company’s commitment to training and development.

Endress+Hauser also contributes annually to Cotlands Children’s Home, a non-profit organisation, that offers sanctuary to orphaned or abandoned children, particularly those living with HIV/AIDS. “We intend to continue our work with Cotlands, recognising that it is only through secure partnerships that the home is able to commit to meaningful or sustainable projects and services,” Jacobsen explains.

“The process of BBBEE has been a first-ever for the Endress+Hauser Group. This equity deal bears testimony to the Endress family’s dedication to their South African operation and to the journey of transformation which is intrinsic to our success as a nation,” Jacobsen concludes.

The Endress+Hauser Group
Endress+Hauser is a global leader in the provision of measurement instrumentation, services and solutions for industrial process engineering. In 2004, the group employed 6,294 people, generating €784.5 million in turnover and a profit of €41.6 million. The family business comprises 71 companies in 35 countries, managed and coordinated by a holding company in Reinach, Switzerland. Competent employees and partners guarantee sales and quality service in every country.

Products With a wide range of sensors, instruments, systems and services, Endress+Hauser covers the areas of level, flow, pressure and temperature measurement as well as liquid analysis and recording. The range also includes the connection of field instruments to process control systems as well as automation and logistic solutions. Our products set the standard in quality and technology. In 2004, Endress+Hauser spent 8.9 percent of its turnover on research and development and lodged patent applications for 168 developments.

Industries Customers are primarily from the chemical, petrochemical, pharmaceutical, food, water & wastewater, paper, mining, energy and oil & gas sectors. They optimize their process engineering procedures with support from Endress+Hauser while taking into consideration environmental protection, safety and economic efficiency.

History Endress+Hauser was founded in 1953 by Georg H. Endress and Ludwig Hauser. Since 1975, the Endress family has had sole ownership of the Group. In 1995, Klaus Endress took over the management of the Group from his father. For more than 50 years, the company has developed organically from being a ‘specialistin level measurement' to a ‘provider’ of complete solutions for industrial measuring technology and automation', whilst continually breaking into new markets

Enquiries:
Tony Jacobsen
Endress+Hauser (Pty) Ltd
P O Box 783996
Sandton 2146
Tel: (011) 262 8000
Fax: (011) 262 8062
e-mail protected from spam bots

From: CubicICE (Pty) Ltd
Submitted: Katherine Bester
Compiled: CD
Tel: (011) 705 2545
Reference: pr end bbbee approved

Posted by Industrial-Manufacturing at 04:20 AM | Comments (0)

Northern Canadian Acquires Portfolio of Uranium Claims Located in Saskatchewan and Nevada

Northern Canadian Acquires Portfolio of Uranium Claims Located in Saskatchewan and Nevada

Vancouver, British Columbia (PRWEB) July 14, 2021 -- Northern Canadian Minerals Inc. (TSX-V – NCA) (the “Company”) is pleased to announce that it has entered into an agreement with Bullion Fund Inc. ("Bullion"), an Alberta corporation, acting as agent for certain legal and beneficial owners, pursuant to which it has acquired an undivided 90% working interest in and to eight mineral claims (the Snowshoe, Harrison Peninsula and Pow Bay claims) covering 19,172 hectares located in and around the Athabasca basin in Saskatchewan, twenty-six 20 acre claims (the "Carol R Mine Claims") and twenty 20 acre claims (the "Holiday Mine Claims") all located in Mineral County, Nevada, and eighty 20 acre claims (the "Green Monster Mine Claims") located in Clark County, Nevada (the Carol R Mine Claims, Holiday Mine Claims and Green Monster Mine Claims collectively referred to as the "Nevada Properties"). Under the terms of the purchase agreement, Bullion will retain an undivided 10% working interest in and to the claims which will be "carried" in all respects through the completion of a feasibility study (as that term is defined in National Instrument 43-101) and a public announcement by the owners that they intend to place the claims into commercial production.

The consideration agreed to be paid by the Company to purchase the interests described above is as follows:

(a) $100,000 cash payable in the following instalments:
(i) $40,000 following execution of the purchase agreement (paid);
(ii) $10,000 within five days of the Closing Date;
(iii) $25,000 on or before the date that is three months after the Closing Date; and
(iv) $25,000 on or before the date that is six months after the Closing Date.
(b) $200,000 to be paid by the issuance of 500,000 common shares (the "Consideration Shares") in the capital of the Company within five days of the Closing Date.

The purchase agreement contains an adjustment provision to the purchase price in the event that the weighted average trading price of the Company's common shares as traded over the TSX Venture Exchange (the "Exchange') over the two week period immediately proceeding the six month anniversary (the "Six Month Anniversary") of the date the Exchange accepts the transaction (the "Deemed Price") is less than $0.40 per share, such that based on the Deemed Price, if the deemed value of the Consideration Shares is less than $200,000, the Company will pay Bullion in cash within five days of the Six Month Anniversary a sum equal to the difference between the deemed value of the Consideration Shares and $200,000.

The parties have agreed to negotiate in good faith to enter into a joint venture agreement in respect of the claims no later than six months after the Closing Date.

The purchase agreement is subject to the acceptance of the Exchange. The Closing Date is to be five days after the Exchange issues a bulletin accepting the purchase agreement for filing.

The Company will pay a finder's fee to Mr. Marek Kreczmer equal to 10% of the purchase consideration upon closing of the transaction. The $30,000 fee will be satisfied by the issuance of 150,000 common shares in the capital of the Company at a deemed price of $0.20 per share. All securities issued pursuant to this transaction will be subject to a 4 month hold period.

Saskatchewan Properties
The Snowshoe, Harrison Peninsula and Pow Bay mineral claims are located on Wollaston Lake in northern Saskatchewan at the eastern extremity of the Athabasca Basin which is the source of 32% of current world production of uranium. The Company has staked two additional claims in the area of mutual interest which will be included in the property package (the Saskatchewan properties collectively referred to as the "Athabasca Properties").

The Athabasca Properties cover 22,162 hectares adjoining property held by Cameco Corp. which covers five economic deposits of uranium, four of which are past producers ( Rabbit Lake mine and Collins Bay A, B and D) and one that is in current production (Eagle Point mine). These deposits are related to the unconformity at the base of the Athabasca Group formations where it is disrupted by thrust faulting.

The main fault structure, the Collins Bay Fault, controlling the known deposits on Cameco ground projects on to the Athabasca Properties. The Company believes it is this feature that makes the Company's ground highly prospective for economic deposits of uranium.

The Collins Bay Fault is the main controlling structure for four economically significant uranium deposits, the Collins Bay A, B and D deposits, and Eagle Point mine.

The Collins Bay A deposit occurs on the Athabasca unconformity. It has been mined out by open pit methods and has produced 169 million pounds of uranium ("U3O8") (current gross value about $ 5 billion) from ore grading 5.68%U3O8.

The Eagle Point mine lies entirely within basement rocks beneath a now-eroded Athabasca unconformity. Uranium ore with simple mineralogy occurs within numerous vein structures in the hanging wall of the main fault. They occur to at least 460 metres below the Athabasca unconformity. Ore with an average grade of about 1.53% U3O8 is being mined by underground methods. Production to date plus current reserve/resources is in the order of 64 million pounds of U3O8.

The southeast end of the Snowshoe block is 7 km northeast of the producing Eagle Point uranium mine; the Harrison Peninsula claim is 5 km east of the Eagle Point mine and the Pow Bay claim is 5 km ENE of the formerly producing Rabbit Lake mine.

The Pow Bay claim lies partially on the easterly projection of the Rabbit Lake Fault which is one of the controlling structures at the now mined out Rabbit Lake mine. The Rabbit Lake mine produced 41 million pounds of U3 O8 from ore grading 0.27 %U3 O8; the ore was hosted by basement rocks between 0 and 200 metres below the Athabasca unconformity.

Nevada Properties
The Nevada Properties are comprised of three uranium project areas in south western Nevada. All three areas have highly anomalous uranium concentrations in grab samples.

Holiday Mine Claims, Mineral County
An albitatite dike intrudes into a quartz monzonite stock. The contact between these two rock types is faulted and hosts the radioactive mineralization. Selected grab samples contain up to 0.22% U3 O8 and 0.85% ThO2 .

Green Monster Mine Claims, Clark County
This is a primarily lead-zinc mine with highly anomalous uranium content. A 5 ton bulk sample contain 1.09 % U3 O8 was collected in 1951. Individual samples contain as much as 10.5 % U3 O8 .

Carol R Mine Claims, Mineral County
Selected uranium samples contain as much as 0.94% U3 O8. The uranium mineralization is located along the metasedimentary/felsic intrusive contact.

Mr. Peeyush Varshney, the Company’s President, stated "We decided to diversify the Company's asset base and have been searching for opportunities in the uranium sector for some time. We are excited about this acquisition. Earlier in the year, uranium producers experienced a market correction, however we feel they have now emerged from that correction and are entering a renewed growth period. We believe that the demand for uranium is going to rise and will outpace existing stockpiles and sources of supply, such that any new discoveries will merit strong attention. A recent (July 4, 2021) article in the Globe & Mail relating to growing Chinese demand for uranium stated that according to a report by the Asia Pacific Foundation of Canada, industry experts are forecasting a global uranium shortage of 45,000 tonnes over the next decade.

The Company's Saskatchewan property package straddles the Collins Bay Fault which is the main controlling structure for four economically significant uranium deposits, the Collins Bay A,B and D deposits, and Eagle Point mine. The mines have produced nearly 230 million pounds of U3 O8 from a high grade ore typical of Saskatchewan uranium mines. Our claims are within several kilometres of these mines and accordingly we intend to aggressively focus our exploration activities on the Athabasca Properties. We intend to continue searching for uranium exploration properties and to add expertise to our management team."

On Behalf of the Board of Directors, Northern Canadian Minerals Inc.
Peeyush Varshney
President

(No.2005-07-01)

Contact:
Investor Relations
Phone (604) 684-2181
e-mail protected from spam bots

Posted by Industrial-Manufacturing at 04:18 AM | Comments (0)

July 13, 2021

Solomon Explores Onon Gold Project in Mongolia

Vancouver, Canada, July 11, 2021 - Solomon Resources Ltd has initiated exploration on the Onon Gold Project in northeast Mongolia. Onon occurs within the northeast-trending Onon Graben, a regional structure which also hosts the Baley Gold District along trend in Russia. The Baley District is a major district reported to have a gold endowment of approximately 17 million ounces, including past production, reserves and resources. Solomon can earn a minimum 80% interest in Onon, from Gallant Minerals Ltd.

(PRWEB) July 13, 2021 -- Vancouver, Canada, July 11, 2021 - Solomon Resources Ltd (SRB:TSX-V) has initiated exploration on the Onon Gold Project in northeast Mongolia. Onon occurs within the northeast-trending Onon Graben, a regional structure which also hosts the Baley Gold District along trend in Russia. The Baley District is a major district reported to have a gold endowment of approximately 17 million ounces, including past production, reserves and resources. Solomon can earn a minimum 80% interest in Onon, from Gallant Minerals Ltd.

The Bayley District is a Cretaceous epithermal gold district. Gold mineralization is associated with volcanic rocks within a continental rift, associated with circular, ring-structures. At the Onon Project multiple northeast-trending, graben-parallel structures contain areas of gold-bearing siliceous breccias, distributed over a strike length of at least 11 km. Much of the region is covered by grass-covered slopes and tallus. The northeast trending structures are cut by two, circular, or ring features, that are characterized by low-relief and an absence of outcrop. The ring structures at Onon are 1-2 km in diameter, and 200 – 400 m in width. These features are interpreted as possible crypto-volcanic structures associated with diatreme emplacement or resulting from intersecting northeast and northwest trending fault zones. In either case, the low relief areas are likely caused by fault zones that have not been exposed or explored.

Prior exploration at Onon was conducted by Uranerz and Gallant. Uranerz conducted regional geochemical and prospecting programs and broad spaced soil sampling on the property. Gallant completed detailed mapping, rock sampling, ground magnetics and trenching. QGX, Gallant’s JV partner completed a dipole-dipole IP survey and a preliminary 8 hole (1881m) drilling progam on a small portion of the Onon project area.

The southwest ring structure surrounds a series of low relief ridges that contain extensive breccia-hosted gold mineralization. Rock chip and grab sampling results highlight a region of mineralised brecciated rocks containing a significant number of gold assays in the 1-4 g/t (grams/tonne) gold range. Of a total 1,263 rock samples collected by Gallant, 33 assayed greater than 2 g/t gold, 150 assayed greater than 1g/t gold, and 325 assayed greater than 0.5 g/t gold. This method of sampling has provided the most promising results to date but has been restricted to the harder, silicified exposed breccia outcrops. Trenching and drilling also focused on the silicified breccia and results identified sub-economic mineralization. Little or no information has been obtained from the unexposed ring structures.

Solomon is re-evaluating drill core, and focussing on highly chargeable areas identified by prior IP surveys. Drill targets have been identified based on coincident high chargeability zones, and elevated magnetic susceptibility, within the unexposed portions of the ring structures at Onon. Additional drill core sampling and assaying is in progress, and a drilling program is planned following drilling at Solomon’s Bayantsagaan Project.

Qualified Person under National Instrument 43-101

Solomon’s CEO, Lawrence J. Nagy, P.Geol., a ‘qualified person’ for the purposes of National Instrument 43-101, has reviewed the information contained in and supervised the preparation of this news release.

Forward Looking Statements

Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon Resources Ltd. Actual results may differ materially from those currently anticipated in such statements.

About Solomon Resources Ltd.

Solomon Resources Ltd. is a Canadian public company focused on the acquisition, exploration and development of gold and base metal mineral properties world wide. The Company is managed by a proven team of explorationists credited with the discovery and/or development of a number of significant deposits in the world, including the SNIP and Eskay Creek Mines in British Columbia, the Brewery Creek Mine in the Yukon, and the Segala Gold Deposit in Mali, West Africa.

Solomon also has significant base and precious metal exploration holdings in Mongolia and has recently begun exploration on its Bayantsagaan Gold Project. Solomon recently acquired an exclusive Option to acquire a minimum 80% interest in each of 20 projects in Mongolia.

For additional information visit Solomon’s website at www.solomonresources.ca

On Behalf of the Board of Directors of
SOLOMON RESOURCES LIMITED

Keith A. Laskowski
President and Chief Operating Officer


Contact Information
Phone: 604-669-6656 or 720 272 6224
Fax: 604-684-9877

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Posted by Industrial-Manufacturing at 02:31 AM | Comments (0)

Camphor Ventures Inc. Reports Increased Diamond Valuations

Vancouver, BC (PRWEB) July 13, 2021 -- Camphor Ventures Inc. (TSX.V: CFV) (the “Company”) is pleased to announce that it has been informed by its joint-venture partner De Beers Canada Inc., that De Beers has updated the modeled diamond values for the Hearne, 5034 and Tuzo diamond pipes. Values based on the June 2005 DTC price book have increased by an average of approximately 7 percent from the August 2004 modeled values. The Hearne, 5034 and the Tuzo kimberlite bodies (the Gahcho Kue kimberlites) are located in Kennady Lake in the joint venture’s AK mining leases situated in the Northwest Territories of Canada.

The diamonds recovered from the 1999, 2001 and 2002 bulk samples of the Hearne and 5034 pipes and the 1999 bulk sample of the Tuzo pipe (all to a 1.5 mm lower cutoff) were last reported using the August 2004 diamond prices from the Diamond Trading Company (DTC). The modeled values per carat, based on those valuations and on production recovery factors as determined by De Beers, were reported on November 17, 2004. Since August 2004, diamond prices have risen due to strong demand and the DTC increased their selling prices in January and June 2005 by an average of 3 percent each time according to industry sources. The modeled values for the three pipes were adjusted recently using the June 2005 DTC diamond prices.

The table below shows the weighted average modeled values per carat for the three pipes in August 2004 and June 2005.

Name of Pipe August 2004
Modeled Value Per Carat
(US $ per Carat) June 2005
Modeled Value Per Carat
(US $ per Carat)
5034 79.20 85.70
Hearne 65.00 70.00
Tuzo 53.00 56.00

As can be seen from the table, the average modeled values per carat increased by an average of approximately 7 and 8 percent for the Hearne and 5034 pipes, respectively, and approximately 6 percent for the Tuzo pipe during the August 2004 to June 2005 time period.

Camphor Ventures Inc. is a diamond exploration and development company. The AK mining leases, located in the Northwest Territories of Canada are now held 4.9% by Camphor Ventures Inc., 44.1% by Mountain Province Diamonds Inc., and 51% by De Beers Canada Exploration Inc. As reported in its news release on March 7th, 1997, Camphor Ventures Inc. and its partner entered into a joint agreement with De Beers Canada Exploration Inc. formerly known as Monopros Ltd. (a wholly owned subsidiary of De Beers Consolidated Mines Limited) under which De Beers Canada Exploration Inc. has the right to earn up to a 60% interest in the AK property by taking the project to commercial production.

On behalf of the Board of Directors
CAMPHOR VENTURES INC.

“Raj Chowdhry”
“Hari Varshney”

Raj Chowdhry, C.A.
Hari Varshney, F.C.A.
President & CEO
Director

This release may contain forward-looking statements regarding the Company’s business or financial condition. Actual results could differ materially from those described in this news release as a result of factors, including, but not limited to the following: additional drilling, sampling and diamond valuations, engineering and construction timetables, financial arrangements, developments in world diamond markets, political developments in Canada, the timing of regulatory and environmental approval and other factors. With respect to additional exploration, actual events may differ from current expectations of the Company or its joint-venture partners and other factors.

(No.05-07-02)

Contact:
Investor Relations
Phone (604) 684-2181
e-mail protected from spam bots

Posted by Industrial-Manufacturing at 02:30 AM | Comments (0)

July 12, 2021

Media Ventures India Launching Metal Information Portal End July 2005

Media Ventures India Private limited, a software development company launching its first Portal on metal industry. The site will cover all the information’s on metal industry as well as send SMS alerts of live quotes to its subscribers. It will cater the growing population of metal community who isn’t as technically savvy as the generation that follows them.

New Delhi, India (PRWEB) July 12, 2021 -- Media Ventures India Private limited, a software development company launching its first Portal on metal industry. The site will cover all the information’s on metal industry as well as send SMS alerts of live quotes to its subscribers. It will cater the growing population of metal community who isn’t as technically savvy as the generation that follows them. The site will be located on www.metalzoom.com and soon it will be launched with basic features initially.


July 1st 2005, “This is the unique concept which will focus on Metal Specific information’s and covers every bit of it. In India Time Has Changed and people are looking around specific information’s consolidated on one place, should cover every aspect of particular industry so that they can rely on the system” says the company Director Mr. Arun Tibrewal. “It is the result of dedicated hard work, research and development from 5 years and time has come it should be implemented.” It is to be noted that Mr. Arun Tibrewal has worked on GPSP (Geographical Based Product Specific Portal System) concept in 2001 and still hold the copyright of www.allindiasteel.com (A Comprehensive Steel Specific Portal). He also holds comprehensive Metal Directory located at www.metalpulse.com which was officially launched in 2003.

Metal Zoom is the one stop information shop for every one. The system will be developed as Live Quote Management System with web based control panel and SMS Alert feature. The solution will have ability for the members to sign up via web based control panel, to pay membership fee online, to view live price ticker, to add/edit their personal information, to view price history and to receive SMS Alerts. The completed solution will enable users to view real time prices by logging onto their web based control panel and to keep informed of any price movement with the help of SMS Alerts. The solution will be integrated with 3rd party Live Feed provider i.e. London Metal Exchange, Reuters, Plats, NCDEX India, and many other agencies, and redistribute the data in different formats. SMS Alert will integrate with BSNL’s SMSC and will automatically generate instant SMS Messages based on predefined criteria.

The Other section of the site will be having live auction, B2B and B2C message board, Metal Directory, Metal News and many more features, which will serve vital information’s to the user about the industry. There will be not only the live quotes but it will have Historical Database, Graphical representation, Weekly Analysis, Industry Trends and Technical specifications. The statistics zone will have detailed information i.e. Country wise metal production and its usages, Country wise consumptions and Yearly averages.

About Media Ventures:
Media venture is a software development company based in New Delhi having expertise in delivering Ecommerce solutions. We are part of Swastik Pipes, who are ISO 9000 company engaged in manufacturing quality steel tubes over a decade. A passion for excellence, overcoming challenges, constantly seeking new avenues, nurturing professional, focussing on the future, targeting at the largest in technology and never compromising on quality is what has put Media Ventures way ahead of others.

About Arun Tibrewal:
Arun Tibrewal is an online marketing specialist since 1998, providing services to Software, Metal and Steel industry. He has joined Media ventures as Director and conceptualized first ever Metal specific Portal www.metalzoom.com. He can be reached at http://www.arun.info Metal Zoom will be hosted on fast and reliable servers of www.i-wayhost.net

Posted by Industrial-Manufacturing at 05:05 AM | Comments (0)

Clay Processor Installs DCF Self-Cleaning Filter to Keep Up with Demand

A kaolin clay processing facility has discovered that the Ronningen-Petter® patented DCF self-cleaning filter provides measurable advantages in the processing of slurries.

(PRWEB) July 12, 2021 -- A kaolin clay processing facility has discovered that the Ronningen-Petter® patented DCF self-cleaning filter provides measurable advantages in the processing of slurries.

Improvements in the kaolin clay facility had created a problem for its process engineers — finding a filter to meet the facility’s newly doubled production rate. Their solution was the Ronningen-Petter DCF-1600 multiplex self-cleaning filter. Because the screen on the DCF filter is cleaned on demand and without interrupting production, a consistently high flow rate is maintained across the system.

SITUATION

Engineers made process changes in the kaolin facility and needed a filter that could protect the heat exchanger, keep up with the facility’s higher throughput, and handle the unique screening characteristics of kaolin slurry. In addition, backwashing filters installed in other areas of the plant ran the risk of depositing water into the product and diluting the slurry.

RONNINGEN-PETTER SOLUTION

The facility’s engineers installed a Ronningen-Petter DCF-1600 four station multiplex self-cleaning filter system and have never looked back. The DCF filter mechanically scrapes collected debris from the filtering screen with a disc that moves up and down the screen parallel to the liquid flow, then purges the solids from the filter. This self-cleaning action is performed without halting production, and provides the highest quality filtering under continuous demand. Because the screen on the DCF filter is cleaned on demand and without interrupting production, a consistently high flow rate is maintained.

Higher Flow Rates — The high flow rates achieved with the installation of the Ronningen-Petter DCF filter enable the filtering system to keep up with the facility’s doubled production. And the high quality filtering provided by the DCF filter protects the newly installed equipment that is so critical to the maintenance of the improved production rates.

Does Not Introduce Water into Product — Ronningen-Petter DCF self-cleaning filters offer some clear advantages over the backwashing filters and vibrating gravity screens typically seen in the clay industry.

Backwashing filters that were already installed in other areas of the plant always ran the risk of depositing water into the product and diluting the slurry. In contrast, the DCF does not introduce any new fluids into the product, and the waste purged from the DCF filter is in a small, highly concentrated form.

RESULTS

Increased production rates: DCF filters outperformed and replaced several vibrating gravity screens by increasing throughput and reducing the filter floor space required by 70%

Labor savings: Operators don’t need to watch the filter, since the differential pressure across the filter media conveys its performance and can be monitored automatically.

Material savings: Saves the dollars spent on replacing vibrating gravity screens.

Superior flow rates: 30-200 gpm (113-756 l/min) at pressures to 150 psi (10.5 bar).

Lower maintenance: Saves costs and time.

CONCLUSION

Ronningen-Petter DCF self-cleaning filters, by their very nature, provide kaolin clay processors with higher flow rates and better quality filtering than backwashing filters and vibrating gravity screens typically used in the industry. The DCF-1600 filter meets the challenges of variations in clay properties, particle size and flux rates to protect expensive processing equipment.

APPLICATION DETAILS

Fluid: kaolin slurry
Contaminant: rust silica
Pressure: 80 psi (5.5 bar)
Flow Rate: 200-250 gpm (755-945 l/min)
Filtration Required: 50 micron (0.002 inch)
DCF MODELS

DCF 400 flow up to 30 gpm (115 l/min).
DCF 800 flow up to 60 gpm (230 l/min).
DCF 1600 flow up to 200 gpm (755 l/min).

Do you have a question about industrial liquid filtration? Ask the experts. We can provide you information within a 24-hour time period (business days).

Post your question to the Ask Filter Man forum, http://www.rpaprocess.com/ROI/ROISEARCHHOME.asp.

For more information visit www.RPAprocess.com,
or call us at +1 269 323 1313.

Posted by Industrial-Manufacturing at 05:04 AM | Comments (0)

July 11, 2021

IMB Enterprises, Inc. Debuts Virtual Store on the Web, "Industrial Strength Ethernet"

IMB Enterprises, Inc. is a temporary services company that offers marketing consulting to manufacturers, resellers and end users of computer network hardware. The network hardware includes wired and wireless protocol converters, gateways and bridges to industrial Ethernet from other network protocols. Industrial Strength Ethernet will sell these products directly to retail customers.

Woodstock, VT (PRWEB) July 11, 2021 -- IMB Enterprises, Inc. debuts "Industrial Strength Ethernet", http://www.industrial-strength-ethernet.com, the company's virtual store (eStore) on the Internet. Mike Blonder, company President notes that "'Industrial Strength Ethernet' provides us with the necessary venue for direct product sales to end customers." Blonder goes on to note that "we've built this site to differentiate the consulting services of IMB Enterprises, Inc. from retail product sales on the web. Our consulting services include providing temporary services in the areas of market development for industrial networking hardware; marketing communications; product marketing & management; and product market research.

Industrial networking hardware products from Aboundi, Inc. and SimpleComTools are immediately available for purchase at 'Industrial Strength Ethernet.' These products include Wireless Local Area Network (WLAN) Ethernet Serial Bridges, WLAN Ethernet Access Points, Wireless Ethernet Network Repeaters, and 100BaseFX Ethernet single or multi mode fiber to RS232/422/485 bridges.

The SimpleComTools COM1000 Internet Appliance (tm) is also available for purchase. The COM1000 is a machine to machine (M2M) device that can remotely take action across the Internet or World Wide Web (WWW), without operator intervention, based upon a programmed condition. For example, with the COM1000, a relay can be opened or closed to power on or off a process, based upon a condition.

Plans are in place to quickly add similar products for access to analog or digital input output (I/O) data acquisition and collection systems from Ethernet networks. Radio Frequency Identification (RFID) and M2M application areas will also receive further attention with product offerings. The company believes that these application areas, together with Real Time Location Services (RTLS) and Fixed Wireless/WiFi IEEE 802.11 systems will experience substantial market growth over the next near term.

IMB Enterprises, Inc., http://www.imbenterprises.com, is based in Woodstock, Vermont. Further information about the company is available via telephone at +1 802-457-2929 or via facsimile at +1 802-910-1001.

Posted by Industrial-Manufacturing at 02:41 AM | Comments (0)

Solomon Acquires Sleitat Mountain Tin Deposit, Alaska

Solomon Resources Limited is pleased to announce that it has acquired the Sleitat Mountain Tin-Silver-Tungsten Deposit, located in the Taylor Mountains Quadrangle, Southwest Alaska. The deposit is located approximately 35km from the nearest barge facility, on the Nushagak River and approximately 135 km northeast of the town of Dillingham, which is on the coast. The deposit outcrops in a saddle on Sleitat Mountain, and forms the central part of an elongate series of northeast trending hills. Solomon has acquired a 100% interest by staking 22 state mining claims that were established in early June.

(PRWEB) July 9, 2021 -- Solomon Resources Limited is pleased to announce that it has acquired the Sleitat Mountain Tin-Silver-Tungsten Deposit, located in the Taylor Mountains Quadrangle, Southwest Alaska. The deposit is located approximately 35km from the nearest barge facility, on the Nushagak River and approximately 135 km northeast of the town of Dillingham, which is on the coast. The deposit outcrops in a saddle on Sleitat Mountain, and forms the central part of an elongate series of northeast trending hills. Solomon has acquired a 100% interest by staking 22 state mining claims that were established in early June.

The Sleitat Mountain tin deposit is considered one of the best known, undeveloped tin prospects in North America. The deposit was initially discovered in 1983 by Cominco Alaska. Cominco drilling results (reported by Burleigh) included a 14.54 meter true width intersection of 1.56% tin and 25.2 g/t silver (includes 1.54m true width grading 12.55% tin and 160.8 g/t silver). A bulk sample weighing 826 kg was collected and analyzed by the US Bureau of Mines and reported by Alaska State Department of Natural Resources geologist Robert Burleigh (1991). This sample contained 0.37% tin, 17 g/t silver and 432 ppm tungsten. In addition, Burleigh sampled four channels across the larger northern zone, collecting samples at 0.9m intervals and sorted into composite granite and composite greisen samples per line. The composite samples collected by Burleigh are summarized as follows:

Results from Composite Greisen and Granite Chip Samples, Sleitat Mountain
Composite Total Rock Number Sn W Ag
Sample Sample Type of (ppm) (ppm) (ppm)
No. Length Composite
(m) Chips
15 150 Greisen 83 1,900 150 16.7
Granite 84 120 45 0.7
16 136 Greisen 82 2,900 110 13.1
Granite 69 75 45 1.0
17 183 Greisen 99 3,100 110 11.2
Granite 96 930 45 2.5
18 122 Greisen 52 880 150 7.0
Granite 85 2,100 900 7.4
Data Source: Burleigh, R (1991); Geology & Geochemistry of the Sleitat Mountain Tin Deposit, SW Alaska; in Short Notes on Alaska Geology 1991; Professional Paper 111; R. Reger, Ed.; DNR, Div. of Geological & Geophysical Surveys.

Tin, tungsten and silver mineralization occurs in an east-west trending, steeply dipping zone that extends at least 975 meters along trend. The width of the mineralized zone varies from 30 – 240 meters. Cassiterite and wolframite occur in sub-vertical, quartz-topaz-tourmaline ± white mica veins and in tabular greisen bodies, hosted within a composite granite stock. The stock intruded and is hosted within the mid-Cretaceous Kuskokwin Group sediments.

The Sleitat Mountain property is located 100km west of the 1 billion ton Pebble Beach Cu-Au-Mo porphyry deposit, currently being developed by Northern Dynasty Minerals Ltd., and 70 km southeast of NovaGold’s Shotgun Hills gold deposit.

Solomon considers the acquisition of the Sleitat Mountain property as an excellent addition to its mineral property inventory. The property contains highly prospective mineralization, and the acquisition cost for a 100% title interest was low. Solomon’s management has recognized a significant increase in demand and pricing for tin. The current spot tin price is US$7.38/kg (LME June 29, 2021), which is significantly above the 2003 annual average of US$4.89/kg. Global tin supply began to fall behind supply in 2003, with growing demand in China and recovering demand in Japan. Consumption of tin is lead by the manufacture of tin plate (steel sheet coated with tin), followed by increasing demand for lead-free solders used in production of electronic appliances.

The bulk of the world's tin is produced from marine and alluvial placers in Malaysia, Indonesia and Thailand and from underground mines in Bolivia. Primary tin deposits are typically small (10-100Mt grading 0.1% to 1% Sn) relative to most base metal deposits. Solomon will be seeking a partner to assist in developing the Sleitat Mountain Property.

Qualified Person under National Instrument 43-101

David Tupper, P.Geol., a ‘qualified person’ for the purposes of National Instrument 43-101, has reviewed the information contained in and supervised the preparation of this news release.

Forward Looking Statements

Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Solomon Resources Ltd. Actual results may differ materially from those currently anticipated in such statements.

About Solomon Resources Ltd.

Solomon Resources Ltd. is a Canadian public company focused on the acquisition, exploration and development of gold and base metal mineral properties world wide. The Company is managed by a proven team of explorationists credited with the discovery and/or development of a number of significant deposits in the world, including the SNIP and Eskay Creek Mines in British Columbia; the Brewery Creek Mine in the Yukon, and the Segala Gold Deposit in Mali, West Africa.

Solomon also has significant base and precious metal exploration holdings in Mongolia and has recently begun exploration on its Bayantsagaan Gold Project. Solomon recently acquired an exclusive Option to acquire a minimum 80% interest in each of 20 projects in Mongolia. Solomon’s shares trade under the banner SRB on the TSX Venture Exchange (TSX-V)

For additional information visit Solomon’s website at www.solomonresources.ca.

Contact Information - Keith A. Laskowski, President
Phone: 604-669-6656 or 720 272 6224
Fax: 604-684-9877

Posted by Industrial-Manufacturing at 02:40 AM | Comments (0)

Golden Eagle Raises Equity Funding - Company Director Demonstrates Faith in Bolivia

With record copper prices, and gold holding at very high levels, we are more enthusiastic about Buen Futuro than ever” stated Mr. Shipes.

SALT LAKE CITY, UT (PRWEB) July 9, 2021 -- Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it has raised $100,000 from four accredited investors in equity funding through the sale of 10 million shares of its common restricted stock.

The proceeds will be used to meet several critical operational needs in Bolivia and in the U.S. The Company intends to allocate some of the funds to support finalizing its environmental permit on its Buen Futuro project in eastern Bolivia’s Precambrian Shield. Additionally, it will pay important payments under its acquisition contract for the Buen Futuro mining concession and other operational expenses.

“A company affiliated with our newest director, H. Roy Shipes, invested $30,000 in our restricted common stock, and three other current, accredited shareholders were inspired by his confidence in the company and put in the balance,” stated Terry C. Turner, Golden Eagle’s CEO. “These investments underscore Roy’s confidence in Golden Eagle.”

Golden Eagle also announced that Mr. Shipes, who is also the CEO of Atlas Precious Metals, Inc., on June 28 signed a joint-venture contract on Atlas’ behalf with COMIBOL, Bolivia’s national mining company, for the rehabilitation and operation of the Karachipampa lead and silver smelter in western Bolivia. In the contract, Atlas committed to invest $85 million for the addition of a zinc refinery with an annual capacity of 80,000 fine tonnes. It is planned that the Karachipampa smelter will employ 650 workers and inject new life into this economically depressed region of Bolivia. Golden Eagle was not involved in this transaction.

“Atlas maintains a strong faith in Bolivia as an excellent venue for mining and mineral processing operations,” stated Mr. Shipes. “I joined Golden Eagle’s board for the same reason—to demonstrate that faith by making every effort to get the Buen Futuro project funded and to bring it on-line in the shortest time possible. Then the goal will be to grow the project into the kind of gold and copper operation that Golden Eagle’s shareholders have a right to expect. With record copper prices, and gold holding at very high levels, we are more enthusiastic about Buen Futuro than ever.”

The Company also announced that Max Staheli has resigned as a director. Mr. Staheli stated that with the appointment of H. Roy Shipes, “the board is in capable hands to lead this company forward and improve its fortunes.” Mr. Staheli also indicated that he resigned because of the liability exposure of directors in public companies; because there is no current benefit to serving as a director; and due to his lack of influence on the management of the Company.

Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please e-mail the company at: e-mail protected from spam bots.
Golden Eagle International, Inc. is a gold and copper exploration and mining company located in Salt Lake City, Utah; and La Paz and Santa Cruz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on its Buen Futuro project within its 136,500 acres (213 square miles) in eastern Bolivia’s Precambrian Shield.

The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: www.geii.com.

Cautionary Note Regarding Forward-Looking Statements and Risks
Some of the statements in this press release are forward-looking statements and as such are based on an assumed set of economic conditions and courses of action. These include the ability of Golden Eagle to obtain the necessary financing on reasonable terms, estimates of mineral reserves and future production levels, expectations regarding mine production costs, expected trends in mineral prices, and statements that describe Golden Eagle’s future plans, objectives or goals. There is a significant risk that actual results will vary, perhaps materially, from results projected depending on such factors as changes in general economic conditions and financial markets, changes in prices for gold and copper, technological and operational hazards in Golden Eagle’s mining and mine development activities, uncertainties inherent in the calculation of mineral reserves, mineral resources and metal recoveries, the timing and availability of financing, governmental and other approvals and other risk factors listed from time-to-time in Golden Eagle’s Form 10-K and its other reports filed with the Securities and Exchange Commission. Golden Eagle disclaims any responsibility to update forward-looking statements made herein.

Posted by Industrial-Manufacturing at 02:38 AM | Comments (0)

July 08, 2021

Toughquip Launches Find Construction Equipment Website

Toughquip, LLC launches a new, user-friendly heavy equipment Internet Website, www.FindConstructionEquipment.com.

Dallas, TX (PRWEB via PR Web Direct) July 8, 2021 -- Toughquip, LLC launches a new heavy equipment Internet Website, www.FindConstructionEquipment.com. This user-friendly site enables customers searching for new or used construction equipment, heavy equipment parts, equipment attachments, auctions, financing, etc. to view heavy equipment as soon as it hits the marketplace.

FindConstructionEquipment.com updates listings daily. Many times the equipment you are searching for will be found on FindConstructionEquipment.com before the major advertising publications are distributed.

Thousands of construction companies, municipalities, contractors, and independent dealers, worldwide, search the Internet daily for their heavy equipment needs. Searching customers will be able to find heavy equipment, engines, parts, attachments and much more in just minutes. The site includes several categories: New Equipment, Used Equipment, Equipment Service, Equipment Financing, New Parts, Used Parts, Engines, Engine Parts, Attachments, Auctions and related Associations. The home page includes photos of featured equipment and is linked to additional specification and contact information.

Equipment/Parts companies represented are: Hoss Equipment, James Pharr Machinery, Industrial Parts Depot (IPD), Black Diamond Equipment Sales, Inc., SPK Equipment (United Kingdom), World Tractor & Equipment, Arrow-West Equipment (Canada), GTM Sales, International Tractor Co., and many more.

James Pharr, President of James Pharr Machinery, said, "We had a tremendous increase in activity in June and I feel that our new listing on FindConstructionEquipment.com played a big part in the increase." James Pharr Machinery located in Louisiana provides used heavy equipment and parts for all makes and models worldwide.

Many new advanced search techniques are in the works for the new site.

FindConstructionEquipment.com is powered by Toughquip LLC, publisher of the Caterpillar® Equipment Buyer Information Guide.

Caterpillar® is the registered trademark of Caterpillar, Inc. and is used for reference purpose only. Toughquip is not associated with, nor is it a licensed representative of Caterpillar Inc.

Contact:
Jeff Moore
Toughquip LLC
820 S. MacArthur Blvd
Suite 105-325
Coppell, TX 75019
Phone: 866-681-4636
International: 972-745-6563
http://www.findconstructionequipment.com

Posted by Industrial-Manufacturing at 04:37 AM | Comments (0)

Moto Goldmines Identifies More Mineralisation at its Moto Gold Project in the Democratic Republic of Congo Says CEO Klaus Eckhof

Moto Goldmines has identified further significant mineralisation at its Moto Gold Project in the north east of the Democratic Republic of Congo According to CEO Klaus Eckhof.

(PRWEB) July 8, 2021 -- Recent drilling results from the Karagba prospect have extended the known mineralisation and identified a mineralized zone with a strike length greater than 200 metres, a thickness of up to 100 metres and a potential down plunge length of over 450 metres.

"This is an exciting prospect, with intersections of good width, which remains open along the strike and down plunges," said Klaus Eckhof, Moto Goldmines Executive Director.

Drilling results have returned impressive intercepts including six metres at 4.35 grams per tonne gold, 24 metres at 3.74 grams per tonne, 34 metres at 2.76 grams per tonne and 48 metres at just over 2 grams per tonne.

Moto already has independently estimated indicated resources of seven million tonnes at 2.7 grams per tonne gold for 600,000 ounces Au and inferred resources of 55.5Mt at 2.9 g/t Au for 5,210,000 ozs Au and plans an upgraded independent resource estimate for August of this year.

Pre-feasibility work has commenced with initial results scheduled for October 2005. Results from independent preliminary metallurgical test work are also promising, showing recoveries for oxide samples generally at or above 90 per cent.

"This is promising because when mining begins it will provide ore that is easy to process with low milling costs improving margins on a per ounce processing basis," Mr Eckhof said.

“We have four drilling rigs operating at the moment, with two at Pakaka testing extensions to the known deposits and completing infill to increase our confidence in these resources.”

“The other two are at our early stage prospects, Karagba and Sessenge, and will focus on identifying future ore bodies for resource estimation purposes,” Mr Eckhof said.

For Further information: Klaus Eckhof +61 411 - 148209, Thomas Murrell, 8M Media & Communications + 61 417 - 984 996 or www.motogoldmines.com

Posted by Industrial-Manufacturing at 04:36 AM | Comments (0)

July 07, 2021

Research and Markets: The Alloy Tree: A Guide To Low-Alloy Steels, Stainless Steels and Nickel-Base Alloys

Research and Markets (http://www.researchandmarkets.com/reports/c20291) has announced the addition of The Alloy Tree: A Guide To Low-Alloy Steels, Stainless Steels and Nickel-Base Alloys to their offering.

Dublin (PRWEB) July 7, 2021 -- Research and Markets (http://www.researchandmarkets.com/reports/c20291) has announced the addition of The Alloy Tree: A Guide To Low-Alloy Steels, Stainless Steels and Nickel-Base Alloys to their offering.

There are certain key alloys, stainless steels, nickel alloys and low alloy steels that are of paramount importance to the power generation, petrochemical and oil and gas industries. In one fully comprehensive guide, The alloy tree addresses the significance of such alloys and their role in these fundamental industries.

This book begins with a short introduction and a master flow diagram, the "alloy tree", which shows the interrelationship between the main alloy groups. This is followed by ten chapters, each describing how stainless steels, nickel alloys and some low alloy steels have evolved from plain carbon steel. Adopting a narrative style, each chapter explains the background, development, key properties and applications of the alloy type. Abbreviations, specifications, product forms, alloying costs and types of corrosion are covered in the extensive appendices and a full bibliography and sources of further information conclude the book.

The alloy tree will be an important reference for Metallurgists and Materials Engineers and for those mechanical and chemical engineers who have an interest in the alloys used in their industries.

For more information visit http://www.researchandmarkets.com/reports/c20291

Laura Wood
Senior Manager
Research and Markets
e-mail protected from spam bots
Fax: +353 1 4100 980

Posted by Industrial-Manufacturing at 02:56 AM | Comments (0)

July 01, 2021

Increasing Capacity Expected for Both Bauxite and Alumina

Research and Markets (http://www.researchandmarkets.com/reports/c19978) has announced the addition of The Economics of Bauxite Alumina to their offering.

(PRWEB) July 1, 2021 -- After a decade of little investment in alumina refining capacity, resulting in shortages in 2004 and 2005, Comalco in Australia commissioned the first new refinery to come on stream for 14 years in 2004, and there are plans for 42.5Mtpy of additional capacity globally up to 2010. However, while there have been some significant increases in bauxite capacity, and some 44Mtpy of new capacity is planned, there will be a bauxite deficit if the bulk of the planned alumina production expansions are realised.

Following major expansions at MRN's Trombetas mine in 2002, and Comalco's Weipa mine in 2004, a number of major bauxite mining projects are at various stages of development. Paragominas (CVRD) and Mirai (CBA) in Brazil, Sredne Timan (Sual) in Russia, and Nuhulunbuy expansion (Alcan Gove) in Australia, are probably the biggest and most advanced. They are likely to add around 20Mtpy to total bauxite production capacity. Prices of metallurgical alumina are volatile, responding promptly to changes in the supply and demand balance. The market has thrived with the current shortages, resulting in prices of reaching US$420-$460/t in March 2005.

The shortage of metallurgical alumina is expected to ease in 2006 with new capacity coming on stream, and this will be reflected in lower spot prices. The key trends, issues and developments in the market are now analysed in this major new report from Roskill. It provides a clear insight into all areas of the industry and an authoritative analysis of the prospects for the future.

What the report gives you
- Independent, in-depth research and analysis
- Essential market intelligence for successful business planning
- Detailed survey of production in 53 countries
- Up-to-date profiles of over 100 producing and processing companies and projects and their activities, including Comalco Ltd., MineraUKPo, Rio do Norte, Alcan, and Cie. des Bauxites de Guine
- Forecasts for end-use consumption and world supply and demand

Companies Mentioned
Aditya Aluminium
Ajka Aluminiumipary Kft
Alcan Alumino do Brasil SA
Alcan and Alcoa World Alumina
Alcan Chemicals Europe
Alcoa Alumino SA
Almatis
Alufin GmbH Tabulaoxid
Alumar Consortium
Alumina do Norte do Brasil SA (Alunorte)
Alumina Partners of Jamaica (Alpart)
Aluminium Company of America (Alcoa)
Aluminium de Grece SA
Aluminium Oxid Stade GmbH
Aroaima Bauxite Company
Ashapura Minechem/Sichuan Aostar
Australian Fused Materials Pty Limited
Bakony Bauxitbanya Kft (Bakony)
BBG Alum SA
Bharat Aluminium Company (Balco)
BHP Billiton Plc
C-E Minerals
Cemtrade SA
Changxin-Liancheng joint venture
China Great Wall Aluminium Company
Coermotibo Suralco
Comalco Limited
Companhia Brasileira de Alumino SA (CBA)
Companhia Brasileira de Bauxita (CBB)
Companhia Vale do Rio Doce (CVRD)
Corporacion Aluminios de Venezuela (CAV)
Dian Dian Rusal
Eurallumina SpA
Gaoual
Ghana Bauxite Company (GBC)
Gramercy Century Aluminium/Noranda Aluminium
Guizhou Aluminium Works
Hellenic Mining Enterprises (Elmin)
Hindalco Industries Limited (Hindalco)
Indian Aluminium Company Limited (Indal)
Jamalco
Jie Xiu Bauxite Plant
Larsen and Toubro
Linden Mining Enterprise Limited (Linmine)
Madras Aluminium Company (Malco)
Magyar Aluminium (MAL)
Martinswerke GmbH
Mineracao Curimbaba Limitada
Mineracao Rio do Norte AS (MRN)
Minerales de Venezuela (Treibacher)
Morgan Matroc
Motim Co Ltd
MSL Minerals SA
Nabaltec GmbH
Nanchuan Minerals Group
National Aluminium Company Limited (Nalco)
Nikolayev Alumina Plant (NGZ)
Nippon Light Metal Company Limited (NLM)
North Shanxi Aluminium (Luneng Group)
Ormet Corporation
Pingguo Aluminium Company (PGAC)
Queensland Alumina Ltd
Rio Pomba Empresa de Mineracao
Rio Tinto
Russian Aluminium (Rusal)
SandB Industrial Minerals
Severo-Onezhsky Bauxite Mine (SOBR)
Shandong Aluminium Corporation
Shandong Refractories Corp
Shanxi Aluminium Works
Shanxi Diversified Industries (SDI)
Sherwin Alumina Co
Showa Denko KK
Siberian-Urals Aluminium Holding (Sual Holding)
St Ann Bauxite
Sumitomo Chemical Company
Taiyuan Twin Towers
Tianjin Jindalai Minerals Processing
Trelawny Project
Utkal Alumina
Vedanta Resources
Washington Mills Electro Minerals Corporation
West Indies Aluminium Company (Windalco)
Wester Mineralien
Worsley Alumina Pty Limited
Yimei Group
Zaporozhe Aluminium Combine (Zalk)
Zaporozhsky Abrasive Combine

For more information visit http://www.researchandmarkets.com/reports/c19978

Laura Wood
Senior Manager
Research and Markets
e-mail protected from spam bots
Fax: +353 1 4100 980

Posted by Industrial-Manufacturing at 02:44 AM | Comments (0)

Camphor Ventures Reports On The De Beers Pre-Feasibilty Study Of The Gahcho Kue Project

Vancouver, BC (PRWEB) June 1, 2021 -- Camphor Ventures Inc. (TSX.V: CFV) (the “Company”) is pleased to announce that it has been informed by its joint-venture partner, De Beers Canada Inc., of the completion of the 18 month, C$25 million Pre-feasibility Study of the Gahcho Kué project.

The results are encouraging and over the next few months De Beers plans to develop a proposed timetable and budget for the permitting process. The board of directors of the Company is very pleased that De Beers is planning to advance the project to the permitting phase.

The Project consists of the Hearne, 5034 and the Tuzo kimberlite bodies, which are located at Kennady Lake in the joint venture’s AK mining leases situated in the Northwest Territories of Canada.

On December 1, 2003, the Company announced that the study would be of sufficient detail to allow the Gahcho Kué Project, previously known as the Kennady Lake Project, to advance to mine permitting, should the project’s profitability level support a decision to proceed to the next phase.

The first phase of the study was completed in June 2004. It consisted of the drilling of 110 holes as part of a geotechnical drilling program to investigate geo-hydrology, optimal mine design and ore processing characteristics of the kimberlite pipes and the surrounding country rock. The results were used to develop geology, resource, geotechnical and geo-hydrology models. These models were used to optimize the design of the open pits and the lake containment dykes, as well as for the designs of waste and water management and mine infrastructure. Recovered kimberlite core underwent geological logging and petrographic analysis to augment the existing resource models, as well as metallurgical investigations (ore dressing studies) which, together with previously collected data, helped with the design of the ore processing plant.

The process plant, recovery and infrastructure designs were based on the De Beers Canada’s Snap Lake and Victor projects, but will not be taken to feasibility level unless and until the project is closer to receiving permits as these estimates could change during the permitting process. Certain activities were undertaken to feasibility level accuracy to ensure that the issues that impact on the environmental impact and permitting of a mine were thoroughly investigated.

The final results of the Study were presented to the Company and Mountain Province Diamonds Inc. on June 28. Subject to approval of funding, the intention is to commence the environmental assessment and permitting process and conduct a concurrent drilling and sampling program to improve resource confidence (from inferred to indicated resource for parts of the 5034 and Tuzo pipes) and improve input data for mine design to support a feasibility study.

The Company and Mountain Province have engaged the firm of Roscoe Postle Associates Inc. to provide an independent analysis of the Study and they have verified that the technical study report meets industry standards.

Camphor Ventures Inc. is a diamond exploration and development company. The AK mining leases, located in the Northwest Territories of Canada are now held 4.9% by Camphor Ventures Inc., 44.1% by Mountain Province Diamonds Inc., and 51% by De Beers Canada Exploration Inc. As reported in its news release on March 7th, 1997, Camphor Ventures Inc. and its partner entered into a joint agreement with De Beers Canada Exploration Inc. formerly known as Monopros Ltd. (a wholly owned subsidiary of De Beers Consolidated Mines Limited) under which De Beers Canada Exploration Inc. has the right to earn up to a 60% interest in the AK property by taking the project to commercial production.

On behalf of the Board of Directors
CAMPHOR VENTURES INC.

“Raj Chowdhry”

Raj Chowdhry, C.A.
President & CEO

“Hari Varshney”
Hari Varshney, F.C.A.
Director

This release may contain forward-looking statements regarding the Company’s business or financial condition. Actual results could differ materially from those described in this news release as a result of factors, including, but not limited to the following: additional drilling, sampling and diamond valuations, engineering and construction timetables, financial arrangements, developments in world diamond markets, political developments in Canada, the timing of regulatory and environmental approval and other factors. With respect to additional exploration, actual events may differ from current expectations of the Company or its joint-venture partners and other factors.


Contact: Investor Relations (No.05-06-01)
Phone (604) 684-2181

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