Stock Update On Axu, Mee, Nuec From Pennytobuck.com
NuEarth Corporation(Pink Sheets:NUEC)
NuEarth Corporation(Pink Sheets:NUEC)
NUEC a manufacturer and marketer of "Clean & Green" products and technology, reported that NUEC's Laboratory and Research Division "TerraSolv SA" has renegotiated and finalized its Joint Venture Agreement with Laboratorio Internazionale Agricoltura, S/p/A ("LIA") of Italy.
The Finalizing of the Joint Venture Continuation Agreement brings 2 new laboratory projects to TerraSolv. These projects are valued currently valued at more than $1.5 Million over the three-month work schedule starting in October 2010. However, each contact has provisions that could triple the final contact value to more than $6 Million USD over their 12 month life cycle.
The TerraSolv SA Laboratory has generated more than $32 Million over its 3 year existence Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A.
NuEarthis a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com
The agreement will continue to utilize the TerraSolv SA state-of-the-art development and testing lab currently being relocated to the United States of America. This data center, which collects data from clients around the world to run projects ranging from usability, capacity, spread and weather modeling and performance testing. The heart of the laboratory is a 225-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the software being tested.
Massey Energy Company (NYSE:MEE) announced the promotion of three key executives. Andrew Hampton was promoted to the position of Vice President, Corporate Development; Roger Hendriksen was promoted to the position of Vice President, Investor Relations; and Jason Whitehead was promoted to the position of Vice President, Underground Operations.
As Vice President, Corporate Development, Mr. Hampton will be responsible for managing MEE's acquisitions, divestitures and other strategic business development opportunities.
Regarding the promotion, Massey President Baxter F. Phillips, Jr. said, "Andrew has proven to be a talented business leader since joining our legal department and has demonstrated the ability to take on significant additional responsibility. His background in law and contract administration is well suited to the Corporate Development role."
Hampton joined Massey in 2008 as Senior Corporate Counsel. Prior to joining MEE, he served as Senior Corporate Counsel at Circuit City Stores, Inc. He also previously practiced law in a private practice in Richmond, Virginia, where he focused on securities and finance. Hampton holds a Bachelor of Arts degree from Hampden-Sydney College and a Juris Doctor degree from the College of William and Mary.
Hendriksen joined Massey in 2007 as Director, Investor Relations. He has over 21 years of professional experience in Finance, Marketing, Strategic Planning and Investor Relations. He holds Bachelor of Arts degrees in Economics and Political Science from the University of Utah and a Master of International Management degree from the Garvin School of International Management (Thunderbird). He is a member of the National Investor Relations Institute.
Whitehead joined Massey in 2000. He most recently held the title of Director of Underground Improvement. Previous positions included Vice President of Marfork Coal Company, Vice President of Elk Run Coal Company and Interim President of Independence Coal Company, all Massey subsidiaries. Mr. Whitehead graduated from Bluefield State College with Bachelor of Science degrees in Architectural Engineering Technology and Civil Engineering Technology.
Alexco Resource Corporation (AMEX:AXU) is pleased to report that the Yukon Water Board has issued a Type A Water Use Licence for Alexco's wholly owned Bellekeno mine and mill project, located within the Keno Hill Silver District in Canada's Yukon Territory. The Water Use Licence is the final permit required by Alexco to commence commercial mine operations and concentrate production from the Bellekeno mill, currently approaching construction completion.
The issuance of Water Licence QZ09-092 completes the detailed environmental assessment and permitting process for Alexco's first producing mine in the Keno Hill Silver District. Clynt Nauman, President and CEO of Alexco, stated: "The issuance of this Water Licence clears the way for initiation of commercial operations at the Bellekeno mine and marks the first step in the rejuvenation of mine operations in the historic Keno Hill Silver District. To that end, the successful and timely permitting of mine operations at Bellekeno underscores our confidence in establishing a comprehensive plan for future development within the District."
Bellekeno Mine Project
The Bellekeno mine construction project remains on schedule for completion and initiation of commissioning within the next six weeks (see news release dated November 11, 2009 entitled "Alexco Completes Positive Bellekeno Mine Development Plan, Silver Wheaton Concurs - Initiation of Construction Approved"). Through the end of July 2010, Alexco has incurred approximately $24.9 million, or 60%, of the $41.6 million of construction and development capital estimated to achieve commercial production under the original Development Plan. As of the current date, physical mine development is approximately 81% complete and physical mill construction is approximately 68% complete.
Keno Hill Silver District History
Between 1921 and 1988, the Keno Hill Silver District produced more than 217 million ounces of silver with average grades of 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc (Yukon Government's Minfile database). The historical production grades would rank Keno Hill in the top 3% by grade of today's global silver producers. The Keno Hill district is the second-largest historical silver producer in Canada.
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