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Press ReleasesText

AME BC: Media Advisory; Industry/First Nation Representatives to Provide Perspectives on $2B Galore Creek Mining Project

VANCOUVER, BRITISH COLUMBIA–(Sept. 12, 2007) – Association for Mineral Exploration British Columbia (AME BC) –

Representatives from NovaGold Resources Inc., Teck Cominco Limited and the Tahltan Central Council will discuss BC’s newest mining powerhouse, the Galore Creek Mining Company, its plans to develop the province’s first new metal mine in 20 years, and its ground breaking Partnership Agreement with First Nations at a mineral exploration and mining industry breakfast on Thursday, September 13, at 7:30 a.m. at the Terminal City Club, 837 West Hastings Street.

by NationTalk on September 13, 2007772 Views

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Province And Domtar Sign MOU For Redevelopment Of Prince Albert Pulp Mill And Other Facilities

News Release – September 12, 2007

The Government of Saskatchewan and Domtar have signed a Memorandum of Understanding (M.O.U.) toward the redevelopment of the Prince Albert Pulp Mill and Wapawekka sawmill. These developments, which could be operational by late summer/early fall 2008, will help stabilize and strengthen the forest industry in Saskatchewan.

“This memorandum provides a blueprint for the future of the forest industry in the Prince Albert area,” Premier Lorne Calvert said. “It’s a plan that will get people back to work in the P.A. pulp mill and the Wapawekka Sawmill, and provide new jobs when the facilities are expanded and a new sorting and chipping plant comes on stream. This partnership will provide a bright future for the people of this part of the province and the future of the forestry industry in Saskatchewan.”

by NationTalk on September 13, 20071005 Views

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The Mining Association of British Columbia: Inaugural Conference Reflects Growing Importance of Asia Pacific to Mining Sector

Asia Pacific Forum on Mining and Minerals taking place Sept. 30-Oct. 3, 2007

VANCOUVER, BRITISH COLUMBIA–(Sept. 11, 2007) – For the first time ever, an international forum on mining and minerals is taking place in Vancouver focusing exclusively on the importance of the Asia Pacific region. The objective of the forum is to increase trade, investment and collaboration in the mining and minerals sector between B.C., Canada and countries around the Pacific Rim.

“The Asia Pacific region is growing in importance for the mining and mineral sector in British Columbia and Canada,” said Michael McPhie, President and CEO of the Mining Association of British Columbia. “Last year, almost 60 per cent of net mining revenues in B.C. came from markets outside of North America, including Japan, Korea, Taiwan, China and India. The significance of the Asian Pacific region for the mining sector drove the need for this inaugural forum.”

by NationTalk on September 12, 2007702 Views

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Adanac Receives Environmental Certificate For Ruby Creek Project

VANCOUVER, BRITISH COLUMBIA–(Sept. 11, 2007) – Adanac Molybdenum Corporation (TSX:AUA)(PINK SHEETS:AUAYF)(FRANKFURT:A9N) is pleased to confirm the British Columbia government has issued an Environmental Assessment Certificate for the company’s Ruby Creek molybdenum project.

“We are pleased that the government has deemed our plan for the Ruby Creek project to be in compliance with its regulatory requirements,” said Michael E. MacLeod, President and Chief Executive Officer. “The Certificate is a major milestone in Adanac’s progress toward the development and operation of Ruby Creek, which we expect to be the first new, large-scale, primary molybdenum mine in 25 years.”

by NationTalk on September 11, 2007767 Views

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Liberty Signs Important MOU With the First Nations

EDMONTON, AB–(September 11, 2007) – Liberty Mines Inc. (TSX VENTURE: LBE) (“Liberty or the Corporation”) is pleased to announce the ratification of a memorandum of understanding (“MOU”) with the Mattagami, Matachewan and Wahgoshig First Nations. The MOU encompasses all of the exploration, development and mining activities on Liberty’s mining claims and leases in the Shaw Dome Nickel Belt near Timmins, Ontario. It addresses the traditional rights of the First Nations and sets out the objectives and topics for negotiation of an impact development agreement (“IBA”) between the parties to mitigate the potential impact of those rights from exploration, development and mining operations. It discusses business opportunities, employment and training, environmental matters, ongoing communications and many other items of concern to all parties. The MOU specifically states the First Nation’s support of Liberty’s applications for the permitting of its Shaw Dome mining projects subject to the environmental matters outlined in the document.

by NationTalk on September 11, 2007721 Views

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Media Advisory: Minister to Attend 3rd Annual Atlantic Aboriginal Entrepreneur Awards Show

Labrador and Aboriginal Affairs
September 10, 2007

The Honourable Tom Rideout, Minister Responsible for Aboriginal Affairs, will speak on behalf of the Provincial Government at the 3rd Annual Atlantic Aboriginal Entrepreneur Awards Show in St. John’s on Tuesday, September 11.

Minister Rideout will also co-present the award to the Newfoundland and Labrador winner, along with Chief Anastasia Qupee of the Sheshatshiu Innu First Nation.

The awards show begins at 7:00 p.m. at the Fairmont, St. John’s.

-30-

Media contact:
Lori Lee Oates
Director of Communications
Aboriginal Affairs
709-729-3733, 690-8403
oatesll@gov.nl.ca

by NationTalk on September 10, 2007704 Views

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Tres-Or Resources Ltd.: Live to Air Interview With Laura Lee Duffett P.Geo C.E.O Televised on BNN Power Breakfast

VANCOUVER, BRITISH COLUMBIA–(Sept. 7, 2007) – Laura Lee Duffett P.Geo, C.E.O. of Tres-Or Resources Ltd. (TSX VENTURE:TRS) (www.tres-or.com) to be featured in an exclusive interview with BNN Business News Network (www.BNN.ca).

The Interview will be live to air Monday, September 10, 2007 at 8:50am and hosted by Linda Sims on Power Breakfast.

by NationTalk on September 9, 2007868 Views

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Ulnooweg Development Group Inc..–3rd Atlantic Aboriginal Awards Show, St. John’s Newfoundland

Tuesday, Aug. 28, 2007

A celebration of local entertainment, endless networking opportunities, and recognition for the growing Aboriginal business community will headline the 3rd Annual Aboriginal Entrepreneurship Awards show hosted by Ulnooweg Development Group Inc.

As the finalists anticipate the results for the 3rd Annual Atlantic Aboriginal Entrepreneur Awards Show Gala the Ulnooweg Development Group Inc. gears up for another successful show. This year’s winners will be announced at the 3rd Annual Atlantic Aboriginal Entrepreneur Awards Show at the Fairmont Hotel in St. John’s Newfoundland on Tuesday, Sept. 11th, 2007.

by NationTalk on September 7, 2007914 Views

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Equity Engineering Ltd.: Corporate Update

VANCOUVER, BRITISH COLUMBIA–(Sept. 6, 2007) – Dr. Darcy Baker, President, Equity Engineering Ltd., is pleased to announce the appointment of Kristy Emery as Director, Corporate Relations.

Ms. Emery will be developing a complementary business unit within Equity Engineering Ltd. focusing on First Nations and community relations. In this role, Kristy will provide clientele with the capacity and expertise required to engage meaningfully with First Nations, communities and stakeholders, ensuring business activities consider immediate and long-term social, environmental and economic values.

by NationTalk on September 6, 20071068 Views

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Western Keltic Announces Robust Pre-Feasibility Results for the Kutcho Project

Annual Metal Productions Years 1 – 5: 75.5 million lbs Cu & 93.5 million lbs Zn

VANCOUVER, BRITISH COLUMBIA–(Sept. 5, 2007) – Western Keltic Mines Inc. (TSX VENTURE:WKM) announced today the results of a Pre-Feasibility study on its Kutcho Project, positioning Kutcho as Canada’s next major high grade copper and zinc producing mine. The study confirmed robust project economics, further supporting management’s decision to accelerate the completion of a Feasibility Study. Full commercial production of the mine is targeted for 2010.

by NationTalk on September 6, 2007734 Views

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Free Events Offer Valuable Insights Into the World of Entrepreneurship

Do you dream of starting your own business? Do you presently own a company? The Business Link’s Alberta Aboriginal Business Service Network (Alberta ABSN), with the support of Alberta Employment, Immigration and Industry, is hosting a series of free Networking events to be held in various locations across the province this Fall.

The events will be held in Lethbridge, Calgary, Fort McMurray, Bonnyville, Slave Lake and Edmonton. Aboriginal business owners will share their stories of the challenges and successes experienced along the way.

Last year’s presenters included Deen Flett of Curve Sports from Gift Lake and Edmonton-based Beatrice Floch, manager and co-owner of Spirit Staffing & Consulting.

by NationTalk on September 6, 20071024 Views

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CANDO Board Elections 2007

The Council for the Advancement of Native Development Officers (CANDO) is a dynamic National Aboriginal community economic development organization dedicated to “Building capacity to strengthen Aboriginal economies”. The foundation of the organization is the Economic Development Officers (EDOs) who work through a host of Aboriginal communities and organizations across Canada. This is the profession that is dedicated to the challenge of fostering community and economic growth for Aboriginal people. Given that mandate, CANDO is currently looking for an enthusiastic Economic Development Officer to represent Alberta on its National Board of Directors. This is a position elected by the province’s Economic Development Officers (Full CANDO members) to ensure that Alberta/Manitoba/NWT/NS/NU/BC/QC has a voice and a presence in the organization.

by NationTalk on September 6, 2007978 Views

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ACC – “Mini-Networking Luncheon Procurement Series”

Sep 11 2007 to Oct 25 2007

We invite you to our:
“Mini-Networking Luncheon Procurement Series”

Presented by:
Aboriginal Chamber of Commerce

Topic:
Procurement Issues (Series 1, 2, 3, 4)

1st
Manitoba Government Procurement – September 11, 2007
Guest Speakers: Mark Freedman & David Ash
Where: Radisson Hotel – Terrace Room
Time: 11:30 am – 2:30 pm

by NationTalk on September 4, 2007787 Views

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US Business Mission Visits Yukon

FOR RELEASE #07-179
August 30, 2007

WHITEHORSE – The Government of Yukon Department of Economic Development, in partnership with the Yukon Chamber of Commerce and the US Department of Commerce hosted a business mission earlier this week. The mission, which concluded Wednesday, was designed to support Yukon companies seeking new joint business or export opportunities.

“Yukon government is working to facilitate increased exports of Yukon products and services,” Economic Development Minister Jim Kenyon said. “This visit supports efforts of Yukon companies to identify joint new business-to-business opportunities.”

by NationTalk on August 31, 2007609 Views

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Canadian Mining Industry Global First Third Party Verification on Sustainability

FOR IMMEDIATE RELEASE

Ottawa, August 30, 2007. The Mining Association of Canada (MAC) announced the results today of a global first: the third party verification of sustainability performance for key environmental and social issues of concern to the industry and its stakeholders. The results of the verification were released in the 2006 TSM Progress Report.

by NationTalk on August 30, 2007699 Views

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Toromont Selected by Agnico Eagle Mines Ltd. to Supply Equipment and Service for Meadowbank Gold Mine in Nunavut

TORONTO, ONTARIO–(Aug. 29, 2007) – Toromont Industries Ltd. (TSX:TIH) announced today that it has been selected by Agnico Eagle Mines Limited to supply the mobile equipment and power systems needs of the Meadowbank Project north of Baker Lake, Nunavut – the Territory’s newest open pit gold mine.

In the fall of 2007, Toromont’s CAT division will provide three high efficiency, low emission, 2 Megawatt Arctic-grade power modules for the construction phase of the Mine. Starting in 2008 and completing in 2009, Toromont CAT will provide a total of six 4.4 Megawatt power modules for the main power plant complete with heat recovery facilities and plant controls. The total nominal output capacity of Meadowbank Mine main power plant will be 26 Megawatts.

by NationTalk on August 30, 20071310 Views

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Boomerang Uranium Project – 2007 Drilling Update

TSXV: UVN

CALGARY, Aug. 29 – In July 2007 Uravan Minerals Inc. (“Uravan”) and Cameco Corporation (“Cameco”) commenced a reconnaissance diamond drill program on the Boomerang Uranium Project, Southwest Thelon Basin, NT. To date a total of four (4) diamond drill holes (BL07-67 to BL07-70) have been completed amounting to 1574.3 meters drilled. Specific drill targets were selected by employing a TDEM (Time Domain Electromagnetic) large fixed-loop ground geophysical survey technique over the most favorable conductive ‘peaks’
identified in an earlier 2005 MEGATEM airborne survey. Peak conductive-sites along the G-trend were surveyed using two survey-lines, 200 meters apart, oriented approximately NW-SE. The survey-lines were 1000 or 2000 meters long incorporating two 800 x 400 meter transmitter-loops positioned at the end of the lines.

by NationTalk on August 29, 2007777 Views

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Apex Resources Group Announces Appointment of New Director and Updates of Pipeline Project

SALT LAKE CITY, Aug. 27 — Apex Resources Group, Inc. (OTC Bulletin Board: APXR) announces the appointment of Mr. Rafiq Chinoy to the Board of Directors.

Mr. Chinoy has a College Degree from Mukalla, South Yemen and migrated to Canada in the 1980’s. Mr. Chinoy owns and operates a Corporate Travel business in Vancouver, B.C. Mr. Chinoy is a Private Investor and will be instrumental in negotiating Private Placement funding for the Company.

by NationTalk on August 28, 2007862 Views

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Miramar Reports Update on Doris North Feasibility

Mon Aug 27, 2007

-Final Public hearing for water licence held August 13 – 14, 2007-

VANCOUVER – Miramar Mining Corporation today announced progress on the updated feasibility Study for Doris North Project and on the final public hearing held by the Nunavut Water Board on the water license application.

An update to the initial Doris North feasibility study announced in 2003 was expected to be announced in the second quarter of 2007. The two year Doris North project is scheduled to commence operations in the third quarter of 2008. It has become apparent to management that in order to allow the Company sufficient time to complete a feasibility study, environmental assessment, permitting and construction of Phase II to come on line without a production hiatus after Doris North, the mine life at Doris North must be extended. Consequently the scope of the updated Doris Feasibility study has been expanded to include additional production from the Doris Central zone. The study is now expected to be announced early in the fourth quarter of this year.

by NationTalk on August 27, 2007803 Views

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Tamerlane Announces Reserve and Resource Estimates, Bankable Feasibility Study on R-190 and Scoping Study on Indicated Resources

BLAINE, WASHINGTON–(Aug. 24, 2007) – Tamerlane Ventures Inc. (TSX VENTURE:TAM) is pleased to announce the positive results of its bankable Feasibility Study for the Pine Point Project, located in Canada’s Northwest Territories. The Feasibility Study and Scoping Study were completed by Tamerlane’s staff of engineers and geologists, and the Feasibility Study was reviewed by the third party consultants Chlumsky, Armbrust & Meyer (CAM). Mr. Steve Milne, P.Eng., was the Independent Qualified Person for the Mining Section review by CAM. The study results show the Pine Point Project is feasible and will provide exceptional returns by industry standards.

by NationTalk on August 25, 2007921 Views

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Alexco Continues to Advance the Keno Hill Project

VANCOUVER, BRITISH COLUMBIA–(Aug. 24, 2007) – Alexco Resource Corp. (TSX:AXR) (“Alexco”) confirms that exploration and development activities at the Keno Hill Project continue at full pace since the First Nation of Na-Cho Nyak Dun (“NNDFN”) announcement on August 17, 2007 that they have suspended all regulatory dialogue with respect to Keno Hill Mines until suitable consultation and accommodation can be arranged with governments of Yukon and Canada.

by NationTalk on August 24, 2007739 Views

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Important 2010 Olympic Announcement for all Métis Business Owners

Dear Aboriginal Business Owner,

The Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) is committed to making Aboriginal Participation part of its planning, decision-making, performance monitoring and reporting. To this end, VANOC has developed a sustainable and Aboriginal purchasing policy which seeks to ensure that sustainable and Aboriginal participation considerations are taken into account during the acquisition of goods and services.

by NationTalk on August 23, 2007718 Views

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Kinder Morgan Canada Construction Underway to Further Expand Trans Mountain Pipeline

CALGARY, Alberta, Aug. 23 — Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that Kinder Morgan Canada has begun construction on the approximately C$443 million Anchor Loop project, the second phase of the Trans Mountain pipeline system expansion that will increase capacity on Trans Mountain from about 260,000 to 300,000 barrels per day (bpd). The project is expected to be completed in November 2008.

Trans Mountain transports crude oil and refined products from Edmonton, Alberta, to marketing terminals and refineries in British Columbia and Washington state. Earlier this year Kinder Morgan Canada commissioned 11 new pump stations which boosted capacity on Trans Mountain from 225,000 to approximately 260,000 bpd. The pipeline has been operating at capacity since then.

by NationTalk on August 23, 2007944 Views

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Empire Industries Ltd. and Sorge’s Welding Announce the Hiring of Jeff Pardee as Vice President

FT. MCMURRAY, ALBERTA–(Aug. 22, 2007) – Empire Industries Ltd., (TSX VENTURE:EIL) (“Empire”), one of Western Canada’s largest and fastest growing steel fabrication and construction service providers and Sorge’s Welding Ltd. today jointly announced the hiring of Jeff Pardee. Mr. Pardee will hold two executive positions within the Empire group; Vice President and General Manager of Sorge’s Welding Ltd. and Vice President of Business Development of Empire Industries Ltd.

by NationTalk on August 22, 20071200 Views

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Aurora Moves Its Michelin Project to Pre-Feasibility Stage and Selects Main Contractors

VANCOUVER, BRITISH COLUMBIA–(Aug. 20, 2007) – Aurora Energy Resources Inc. (“Aurora”) (TSX:AXU) is pleased to announce today that it has advanced its Michelin Project to the pre-feasibility stage.

“We have taken a significant step towards project development in awarding the pre-feasibility engineering and environmental contracts,” said Dr. Mark O’Dea, President and CEO of Aurora. “We have one of the largest primary uranium deposits in the world. Aurora is the only company working in Labrador with a development stage uranium project, representing more than 90% of Labrador’s known uranium resources.”

by NationTalk on August 21, 20071981 Views

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NaiKun and Haida Power Authority Open Haida Gwaii Energy Centre

News Release
Aug 16, 2007

Vancouver, British Columbia – NaiKun Wind Energy Group Inc., (“NaiKun” or “the Company”) announced today the official opening of the Haida Gwaii Energy Centre (“the Centre”), located on the Queen Charlotte Islands (Haida Gwaii). The Centre was developed in collaboration with the Haida Power Authority (HPA) to provide and disseminate information to the public about energy on the Islands.

“The Centre is a great way to bring community members together to learn more about our offshore wind project and energy issues,” remarked Michael C. Burns Chairman of NaiKun Wind Energy Group. “We want to make sure we are readily available to provide answers, research and facts about wind energy. For many people, energy challenges have been a fact of life on Haida Gwaii but it’s important that residents also know about the energy opportunities that exist just off their shores.”

by NationTalk on August 16, 20073087 Views

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Petrowest Energy Services Trust Announces Second Quarter Results

Calgary, Alberta, August 14, 2007 – Petrowest Energy Services Trust (TSX:PRW.UN) announced today its financial results for the three and six months ended June 30, 2007. During Q2 the Trust focused its business efforts on infrastructure, logging, conventional oil exploration and oil sand construction related projects. Management has achieved success with these in its efforts in the month of June, with less reliance being placed on natural gas exploration related projects in northern Alberta and British Columbia.

by NationTalk on August 16, 2007744 Views

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Lotta Coal Surveys Pipeline Route and Further Well Locations

CALGARY, AB–(August 15, 2007) – Lotta Coal, Inc. (PINKSHEETS: LCOL) (FRANKFURT: LC5) announced today that Chief Financial Officer Ron Evans, along with several other Company representatives met last week in High Level, Alberta with certain key representatives of Beaver First Nation, to carry out aerial surveying to map out its proposed pipeline route and drilling locations for this fall. “The participation of our Beaver First Nation partners in all aspects of our operations, from planning through to execution, is integral and is resulting in joint decisions that are optimal to all stakeholders,” said Mr. Evans.

by NationTalk on August 16, 2007939 Views

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AltaLink Applies for P&L to Tie Wind Farms Into the Transmission System

CALGARY, ALBERTA–(Aug. 14, 2007) –

NOT FOR DISSEMINATION IN THE UNITED STATES

Alberta’s wind-generated electricity producers received a boost last week with the filing of an application to build a new transmission line between Pincher Creek and Lethbridge. AltaLink, Alberta’s largest transmission company, filed a Permit and Licence application with the Alberta Energy and Utilities Board (EUB) for the Southwest 240 kV project. The 240,000 volt transmission line will provide the capacity for new wind farms to access Alberta’s transmission grid.

“Alberta’s strong population and economic growth continues to demand timely expansion of the transmission grid,” said Scott Thon, AltaLink’s President and Chief Executive Officer. “Harnessing wind power in the southwest part of our province and connecting it to the grid provides Albertans with access to a tremendous source of renewable energy. We’re proud to be playing such an important role in bringing new, green energy to the homes, farms and businesses of Alberta.”

by NationTalk on August 15, 2007821 Views

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Miramar Announces Q2 2007 Financial Results

-Cash and equivalents at the end of the second quarter of $131.4 million-

VANCOUVER — Miramar Mining Corporation today announced its financial results for the second quarter ended June 30, 2007. For the three month period, Miramar reported consolidated net loses of $2.8 million or $0.01 per share compared to net earnings of $1.9 million or $0.01 per share for the same period in 2006. The Company ended the quarter with cash and short term investments of $131.4 million.

Second Quarter Highlights

Work in the quarter focused on completing and announcing the updated 2006 resource calculation, completion of the ice based drilling at the Madrid deposit, site preparation for the construction of the Doris North Mine and progressing licensing and permitting for the Doris North Mine. Significant exploration results reported in the quarter were from the Suluk and Rand deposits within the Madrid area. At Suluk, wide intercepts of mineralization were encountered at surface, including hole #549 which intercepted 7.0 g/t over 48 meters, hole #539 which intercepted 6.2 g/t over 48 meters and hole #529 which intercepted 86.5 g/t over 2 meters. At Rand, positive results included near surface encounters of visible gold and higher than expected grade, including hole #532 which intercepted 5.0 g/t over 28 meters and hole #542 which intercepted 8.4 g/t over 54 meters.

by NationTalk on August 15, 2007750 Views

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Pearl Announces Financial Results for Interim Period Ended June 30, 2007

CALGARY, ALBERTA–(Aug. 14, 2007) – Pearl Exploration and Production Ltd. (“Pearl” or the “Company”) (TSX Venture:PXX)(FIRST NORTH:PXXS) is pleased to announce the results of the three and nine months ended June 30, 2007.

PRESIDENT’S MESSAGE

The second quarter of calendar 2007 saw the Company continue with its stated goals of building a strong base of production and cash flow from its core properties in western Canada while pursuing high upside potential through steam pilot projects and acquisitions. Despite challenges from extreme cold weather in the first quarter and anomalously high rainfall in the second quarter, the Company was able to increase production levels by 14% (6,966 to 7,910 boepd) and revenues by 21% ($19.4 million to $23.5 million) during the quarter. These gains are expected to increase and continue throughout the remainder of 2007.

At Onion Lake, we are aggressively pushing forward our development project with 30 wells drilled this year and a production increase from approximately 350 at the end of the first calendar quarter to 1,300 barrels of oil equivalent per day at the time of writing of this letter. We are well along the way to implementing a steam flood pilot project which could have a dramatic impact on recoverable reserves. Due to positive results, we have elected to move 30 contingent wells to our firm capital budget and now expect Onion Lake to contribute between 4,000 and 4,400 barrels of oil equivalent per day to our bottom line numbers by the end of 2007. Relations with the Onion Lake First Nations continue to be good, and we look forward to a strong partnership in the future.

To view full press release, please visit here.

by NationTalk on August 14, 2007697 Views

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Plutonic Power Successfully Applies for Three New Run-Of-River Hydroelectric Projects

Project Highlights:
– Three sites located in the Bute Inlet area at Gargoyle Creek, Coola Creek and Heakamie River
– Total capacity potential of approximately 110 megawatts (MW)
– Potential to generate approximately 320 gigawatt hours (GWh) of renewable energy annually

VANCOUVER, BRITISH COLUMBIA–(Aug. 13, 2007) – Plutonic Power Corporation (TSX:PCC) is pleased to announce that it has successfully completed Stages 1 and 2 towards securing a Water License and Crown Land rights from the Integrated Land Management Bureau (Ministry of Agriculture and Lands) and the Water Stewardship Division (Ministry of the Environment), for the development of three run-of-river non-storage hydroelectric power projects to be located on Gargoyle Creek, Coola Creek and Heakamie River, near the headwaters of Bute Inlet, approximately 130 km north of Powell River, BC.

by NationTalk on August 13, 2007845 Views

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Petrobank Announces Second Quarter Results

CALGARY, ALBERTA–(Aug. 10, 2007) – Petrobank Energy and Resources Ltd. (“Petrobank” or the “Corporation”) (TSX:PBG) (OSLO:PBG) is pleased to announce second quarter financial and operating results.

HIGHLIGHTS

– Production increased by 23 percent to 6,942 barrels of oil equivalent per day (“boepd”) from 5,629 boepd in the second quarter of 2006. Canadian Business Unit production increased by 36 percent to 4,094 boepd while production from the Latin American Business Unit increased by nine percent to 2,848 barrels of oil per day (“bopd”).

– Capital expenditures were $165.7 million: $114.6 million in Canada; $42.1 million in Latin America; and $9.0 million in the Heavy Oil Business Unit.

– Net income increased to $16.6 million, 37 percent higher than the second quarter of 2006. On a per diluted share basis, net income increased by 29 percent to $0.22 in the second quarter of 2007 from $0.17 in the first quarter of 2006.

by NationTalk on August 13, 2007749 Views

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Ontario Invests In Red Rock Indian Band Economic Diversification Project – #950179

News Release
Ministry of Northern Development and Mines
August 10, 2007 – 193

McGuinty Government Supports Wood Processing Plant Feasibility Study

THUNDER BAY – The Ontario government is helping determine the feasibility of establishing a new wood processing plant east of Nipigon, Thunder Bay-Superior North MPP Michael Gravelle announced today on behalf of Northern Development and Mines Minister Rick Bartolucci.

“The McGuinty government is committed to helping Northwestern First Nation communities take advantage of new economic development opportunities that create jobs,” said Gravelle. “Our investment will help the Red Rock Indian Band further investigate the potential for a new wood sorting and processing facility in their region.”

by NationTalk on August 10, 2007747 Views

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Savanna Announces Second Quarter Results

Calgary, Alberta TSX – SVY
August 9, 2007

Savanna is pleased to report its results for its second quarter ended June 30, 2007.

Financial Highlights
(Stated in thousands of dollars, except per share amounts)
>>Financials

Revenues and operating expenses have both been affected by a change in accounting policies with respect to revenue recognition and cost recoveries billed to customers. As a result, revenue and operating expenses for the six months ended June 30, 2007 have increased by $3.2 million to account for expenditures recovered during the three months ended March 31, 2007. There was no effect on operating margin as a result of this change. The change was applied retroactively; however no changes were required for the three and six month periods ending June 30, 2006.

by NationTalk on August 10, 2007693 Views

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“Inaugural Business on the Red”

Sep 20 2007

Tansi! Greetings! Bonjour!

The Aboriginal Chamber of Commerce offers an exciting range of opportunities for commercial organizations to support its work as a Chamber in Manitoba. Companies can provide valuable financial assistance by sponsoring, supporting and promoting us to make our “Inaugural Business on the Red” cruise a successful one. This event will take place on September 20, 2007 departing by 7:00 pm at the Alexander Docks and returning by 10:00 pm. The Aboriginal Chamber of Commerce is a not-for-profit organization and is therefore tasked with generating sufficient income to cover its running costs. Commercial sponsorship will have a vital role to play ensuring that the Aboriginal Chamber of Commerce succeeds in promoting Aboriginal/Non-Aboriginal Businesses in Manitoba.

by NationTalk on August 10, 2007835 Views

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Fortune Minerals Completes Purchase Of Minority Interest In NICO Project

August 9, 2007
Issued Capital: 49,546,407
NEWS RELEASE

Fortune Minerals Limited (TSX-FT) (“Fortune”) is pleased to announce that it has completed the purchase of the 8.0% minority interest in the NICO cobalt-gold-bismuth deposit in the Northwest Territories that was held by Candou Industries Inc. (“Candou”) and the project is now owned 100% by Fortune (see Fortune news release of May 29, 2007). Candou’s interest in the NICO project was 9.2% as at March 30, 2007 but was reduced to 8.0% during the last quarter for non-participation in recent programs. As part of the same transaction, Fortune also transferred its interest in and receivable from Formosa Environmental Aggregates Ltd. (“Formosa”) to Candou. Formosa is an industrial mineral company developing a high calcium limestone quarry in Ontario.

by NationTalk on August 9, 20071141 Views

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Lotta Coal Acquires 25km of Seismic Data and Earns P&NG Rights to 10,700 Acres

CALGARY, AB–(August 9, 2007) – Lotta Coal, Inc. (PINKSHEETS: LCOL) (FRANKFURT: LC5) announced today that pursuant to its agreement with Swan River Energy, it has acquired in excess of 25km of 2D seismic data. “This acquisition fulfils the Company’s obligations under the agreement, pursuant to which it has earned petroleum and natural gas rights to approximately 10,700 acres of Swan River First Nation Reserve lands. It also provides a base for an initial interpretation of the geological formations present in the area,” said Company President Dr. Nicolas Matossian. “We look forward to receiving the preliminary report from our Geological and Geophysical team early next week.”

by NationTalk on August 9, 2007807 Views

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Xstrata Nickel: Raglan Expansion Study Commences-Exceptional Exploration Results

TORONTO, ONTARIO–(Aug. 7, 2007) – Xstrata Nickel announces it plans to increase mine production to over 2 million tonnes of ore per year at its wholly-owned flagship Raglan nickel mine in the Nunavik Territory of Northern Quebec, Canada. This would almost double mine output over the current annual production rate of 1.1 million tonnes of ore. Plans are already underway to increase production to 1.3 million tonnes per annum by the end of 2008; additional capacity to reach two million tonnes is expected to ramp up from 2011. After the expansion, Raglan will be one of the largest nickel mines in the world, with output approaching 50,000 tonnes of contained nickel in concentrate per annum, together with copper and platinum group metal (PGM) by-products.

by NationTalk on August 7, 2007855 Views

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Plutonic Power Exits Electricity Purchase Agreement with BC Hydro for Rainy River Project Due to Environmental Permitting Complexities

Vancouver, BC, August 3, 2007 – Plutonic Power Corporation (PCC – TSX) has advised BC Hydro of its intention to exit the electricity purchase agreement (EPA) for the 15 megawatt (MW) Rainy River run-of-river project, due to unexpected complexities in the environmental permitting process caused by the discovery of a number of fish species in the area. Complexities in permitting have decreased certainty around the timing for the project commercial operation date.

by NationTalk on August 5, 2007829 Views

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Ulnooweg Development Group and Indian and Northern Affairs Canada Announce Study into Feasibility of an Atlantic wide Aboriginal Financial Services Institution

Truro, NS.

Chief Terrance Paul, Chair of the Board of Ulnooweg Development Group and the Honourable Jim Prentice, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians recently announced $119,830 in funding for a Market Demand Study to examine the feasibility of establishing an Aboriginal Financial Services Institution in Atlantic Canada.

This initiative has been undertaken by the Atlantic Chiefs in recognition of the fact that the Aboriginal community needs its own financial institutions. It reflects a collective belief within First Nation communities that the time is right to take ownership of those instruments and institutions that are essential to their continued growth and development.

by NationTalk on August 3, 20071097 Views

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Terrane Metals Signs Option Agreement With Laurentian Goldfields on Maze Lake Gold Project, Nunavut

VANCOUVER, BRITISH COLUMBIA–(Aug. 2, 2007) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Robert Pease, President and CEO of Terrane Metals Corp. (“Terrane” or the “Company”) (TSX VENTURE:TRX), is pleased to announce that the Company has signed a option agreement with Laurentian Goldfields Ltd. (“Laurentian”), a Vancouver-based, private gold exploration company, on Terrane’s 100% owned Maze Lake Gold Project, located in Nunavut, Canada.

Terrane has granted Laurentian the right to earn up to a 75% interest in the Maze Lake Project by making $6,000,000 in exploration expenditures over four years and issuing 1,000,000 units of Laurentian to Terrane. Year-1 expenditures are set at a minimum of $1,000,000 and must be made on or before December 31st, 2007. The option agreement is subject to regulatory approval.

by NationTalk on August 3, 2007919 Views

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Diavik 2007 Second Quarter Update

– NEWS RELEASE –

(Yellowknife, NT – August 1, 2007) Diavik Diamond Mines Inc. (DDMI), the operator of the Diavik Diamond Mine is pleased to report on work during the second quarter of 2007. Ore production was predominantly from the A154South pipe, with lesser production from A154 North. As a result of high grade ore encountered in the A154 South pipe and excellent plant performance, approximately 3.312 million carats of diamonds were recovered compared to 2.720 million during the same period in 2006. Diamond production to mid-year was 5.876 million carats.

by NationTalk on August 2, 20071477 Views

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Terrane Metals Signs Option Agreement With Laurentian Goldfields on Maze Lake Gold Project, Nunavut

VANCOUVER, BRITISH COLUMBIA–(Aug. 2, 2007) –

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Robert Pease, President and CEO of Terrane Metals Corp. (“Terrane” or the “Company”) (TSX VENTURE:TRX), is pleased to announce that the Company has signed a option agreement with Laurentian Goldfields Ltd. (“Laurentian”), a Vancouver-based, private gold exploration company, on Terrane’s 100% owned Maze Lake Gold Project, located in Nunavut, Canada.

Terrane has granted Laurentian the right to earn up to a 75% interest in the Maze Lake Project by making $6,000,000 in exploration expenditures over four years and issuing 1,000,000 units of Laurentian to Terrane. Year-1 expenditures are set at a minimum of $1,000,000 and must be made on or before December 31st, 2007. The option agreement is subject to regulatory approval.

by NationTalk on August 2, 2007885 Views

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Final Report on Aboriginal Economic Development Symposium Released

News Release – August 1, 2007

The final report on the national symposium on Aboriginal economic development held in Saskatoon in January is now available.

Excellence in Action: Best Practices in First Nations, Métis, and Inuit Economic Development was jointly sponsored by the Government of Saskatchewan, the Federation of Saskatchewan Indian Nations (FSIN) and the Clarence Campeau Development Fund (CCDF). The final report contains suggestions for next steps that need to be taken by Aboriginal communities, governments and industry to encourage and support Aboriginal economic success.

by NationTalk on August 1, 20072448 Views

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Galore Creek Project Brings $2-Billion Investment

NEWS RELEASE
For Immediate Release
2007OTP0109-000976
July 31, 2007

Office of the Premier
Ministry of Energy, Mines and Petroleum Resources

VICTORIA – The Province’s resurging mining sector has reached a major milestone with the issuance of a Mines Act permit that will allow NovaGold and Teck Cominco to develop British Columbia’s first new metal mine in over a decade, Premier Gordon Campbell announced today.

“A large part of the success of this project was the way in which the corporate partners worked with, and received the support of the Tahltan leadership,” said Campbell. “From the outset, their relationship has been based on respect to foster a co-operative and mutually beneficial relationship. The success of this project is a perfect example of how industry and First Nations and government can work together to develop our mineral resources in a responsible, sustainable manner that will bring benefits to the entire region.”

by NationTalk on July 31, 2007841 Views

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Starfield Completes Commercial Lease on Ferguson Lake Property

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

TORONTO, July 30 – Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) today announced a five-year commercial lease covering 2,740 hectares surrounding the Ferguson Lake mineral resource has been signed with the Kivalliq Inuit Association.

“The commercial lease with the Kivalliq Inuit Association is a big step toward completing our camp facilities, airport and additional drilling,” said André J. Douchane, President and CEO of Starfield. “Having the long-term support of the regional communities in which we do business provides stability to our operations, and is also an important mandate of Starfield’s mission.”

by NationTalk on July 31, 20071023 Views

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Cameco Reports Record Quarterly Revenue and Earnings

SASKATOON, SASKATCHEWAN–(July 30, 2007) – Cameco Corporation (TSX:CCO) (NYSE:CCJ) today reported record net earnings in the second quarter of 2007 due to higher realized prices and deliveries in the uranium business, offset somewhat by decreased electricity profits due to lower generation resulting from planned and unplanned outages.

“Cameco achieved the highest quarterly revenue and earnings ever recorded in the company’s history reflecting the company’s core strength in the uranium business,” said Jerry Grandey, Cameco’s president and CEO. “We will continue to build on this strong financial performance in the future.”

All numbers in this release are in Canadian dollars, unless otherwise stated. For a more detailed discussion of our financial results, see the management’s discussion and analysis (MD&A) following this news release.

by NationTalk on July 30, 2007917 Views

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Apex Resources Reports on Further Beaufort Sea Exploration with Major Exploration

SALT LAKE CITY, July 25 — Apex Resources Group Inc. (OTC Bulletin Board: APXR) reports on further Beaufort Sea exploration with major players Imperial and Exxon preparing to spend $585 million on gas and oil exploration.

The commitment is to explore for gas and oil in the offshore region of the Beaufort Sea over the next nine years. The Companies won exploration rights to a single parcel of 507,358 acres located approximately 88 miles from the Mackenzie Delta in the Northwest Territories.

ConocoPhillips obtained a license to explore 256,275 acres offshore and Chevron Canada picked up the rights to a third parcel.

These commitments coupled with the recent announcement that the Dene Tha First Nation received a $25 million land claim settlement with the Canadian Government is another positive step toward the approval for completion of the Mackenzie Valley Pipeline Project.

by NationTalk on July 29, 2007833 Views

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TransCanada Announces Second Quarter Results, Board Declares Dividend of $0.34 Per Common Share

CALGARY, ALBERTA–(July 27, 2007) – TransCanada Corporation (TSX:TRP) (NYSE:TRP):

Second Quarter Highlights

(All financial figures are unaudited and in Canadian dollars unless noted otherwise)

– Net income for second quarter 2007 of $257 million ($0.48 per share) compared to $244 million ($0.50 per share) in second quarter 2006

– Comparable earnings for second quarter 2007 of $241 million ($0.45 per share) compared to $198 million ($0.41 per share) for the same period in 2006, an increase of approximately 10 per cent on a per share basis

– Funds generated from operations for second quarter 2007 of $596 million compared to $539 million for the same period in 2006, an increase of approximately 11 per cent

– Dividend of $0.34 per common share declared by the Board of Directors

TransCanada Corporation (TransCanada) today announced net income for second quarter 2007 was $257 million ($0.48 per share) compared to $244 million ($0.50 per share) for second quarter 2006.

by NationTalk on July 27, 2007808 Views

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