White Mountain Titanium Corporation (OTC Bulletin Board: WMTM) reports that further to the News Release of May 31, 2012, the Company has now received initial analytical results from a surface rock sampling program carried out on three new rutile target areas and one of four known prospects. Samples were submitted for whole rock analysis using XRF and results are set out below.
Treaty Energy Corporation (OTCQB: TECO), a growth-oriented international energy company, today announced an update on progress on the San Juan #2 Well in Belize.
Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to report that preliminary results for its fiscal year ended June 30, 2012 indicate that sales increased over 80% as compared to sales in fiscal 2011. The results reflect record production at the Summit silver-gold mine in southwest New Mexico. The company reported recently that the Summit mine had successfully completed ramp up to the targeted production rate of 10,000 tons per month. Revenues are expected to continue to increase substantially over the next several quarters as the mine reaches higher grade portions of the ore body.
The Organization of the Petroleum Exporting Countries' (OPEC) crude output dipped by 30,000 barrels per day (b/d) to 31.72 million b/d in June from 31.75 million b/d in May, reversing most of the 40,000-b/d increment of the previous month, a Platts survey of OPEC and oil industry officials and analysts showed July 9.
Patriot Coal Corporation, a producer and marketer of coal products in the eastern United States, today announced that the Bankruptcy Court for the Southern District of New York granted Patriot interim approval of its $802 million Debtor-in-Possession financing ("DIP") from Citigroup Global Markets Inc., Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers, and granted Patriot interim authorization to access immediately $677 million of the DIP financing.
Colombia Energy Resources, Inc. (OTCBB: CERX), a metallurgical coal exploration and production company operating in the Republic of Colombia, has begun making shipments from its Ruku mining complex after temporarily halting production earlier this year to make repairs and safety upgrades and to improve security at the site.
Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that its wholly owned subsidiary, Cliffs Australia Coal Pty Ltd, has entered into a definitive share and asset sale agreement to sell its 45% economic interest in the Sonoma joint venture coal mine located in Queensland, Australia to QCoal Sonoma Pty Ltd (QCoal).
Canada Lithium Corp. (TSX: CLQ) (OTCQX: CLQMF) announced today that major components of the process plant are now on-site at its Québec Lithium Project near Val d'Or, Québec, and the project is on schedule for year-end commissioning.
Foran Mining, a diversified exploration and development company, has declared the results of the 2012 regional drilling program conducted at the Bigstone and McIlvenna Bay properties.
China Shen Zhou Mining & Resources, Inc., a Company engaged in the exploration, development, mining and processing of fluorite, barite, zinc, copper, and other nonferrous metals in China, today announced that the Company's subsidiary, Xinyi Fluorite Company, Ltd. ("Xinyi") was selected among the first group of fluorite companies whose production lines met the government standards.
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