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News Article | November 16, 2016
Site: www.prweb.com

iSign International Inc. is Proud to announce that Dr. Gail-Joon Ahn has accepted to join its Advisory Board. Dr. Ahn is Professor of Computer Science and Engineering at the Ira A. Fulton School of Engineering, Arizona State University (ASU). He is Director of the Center for Cybersecurity and Digital Forensic and Director of the Laboratory of Security Engineering for Future Computing (SEFCOM) at ASU. His principal research and teaching interests are in information and systems security. His research foci include security analytics and big data driven security intelligence, vulnerability and risk management, access control and security intelligence, identity and privacy management, access control and security architecture for distributed systems, identity and privacy management, cybercrime analysis, security enhanced computing platforms, and formal models for computer security. His research has been supported by National Science Foundation (NSF), National Security Agency (NSA), Department of Defense (DoD), Office of Naval Research (ONR), Army Research Office (ARO), Department of Justice (DoJ), Department of Energy (DoE), Bank of America, Cisco, GoDaddy, Hewlett Packard, Freeport McMoRan Copper & Gold, Google, Microsoft and Robert Wood Johnson Foundation. He has received seven US patents. He is a recipient of Department of Energy CAREER Award and the Educator of the Year Award from the Federal Information Systems Security Educators’ Association (FISSEA). Prior to ASU, he was an Associate Professor of College of Computing and Informatics and Founding Director of Center for Digital Identity and Cyber Defense Research (DiCyDER) at UNC , Charlotte. He is also a Certified Information Systems Security Professional (CISSP). Commenting on the news, Gerard Munera, the Chairman of iSign International Inc. said: “We are thrilled that Dr. Ahn is going to contribute to our company his exceptional knowledge and experience in the field of Cyber Security, where he is recognized worldwide as a leading expert”. Thien Pham, iSign Chief Technology Officer added: “We are certain that this collaboration will result in an accelerated development and acceptance of iSign innovative biometric cyber security systems.” iSign International Inc. is a private Texas corporation which has developed an original cyber security technology combining biometric signature recognition and projection, innovative devices pairing, PKI encryption, GPS localization and univocal computer generated transactional password. iSign believes that its technology, which is covered by several patent pending claims, constitutes a game changing approach as it renders hacking practically impossible.


News Article | November 8, 2016
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / November 8, 2016 / Bearing Resources Ltd. (TSXV: BRZ) ("Bearing" or the "Company") is pleased to provide a review of its Yukon gold exploration projects, including the HY-Jay gold project located in the Upper Hyland River area in eastern Yukon. The Company holds three properties (HY-Jay, VBA and VM) along the 50 kilometre Upper Hyland River Gold Belt. This belt of favourable Upper Proterozoic to Lower Cambrian Hyland Group stratigraphy hosts several high grade, sediment-hosted orogenic gold-vein occurrences, including (from north to south): Bearing's HY-Jay; the FER (Precipitate Gold Ltd.), 3 Aces (Golden Predator Mining Corp.) and the POW (Aben Resources Ltd.). Please see the Company's website at www.bearingresources.ca for maps relating to the HY-Jay property. Work to date on the HY-Jay property has outlined three areas of anomalous gold in rock and soil at the Zig Zag, East Ridge and West zones. The 2011 discovery of the Zig Zag gold zone returned significant gold assays from grab samples of quartz-arsenopyrite vein material collected from a large field of metasediment and phyllite sub-crop and float boulders. Elevated silver and lead was also returned in some samples. Sample Number Gold (g/t) Silver (g/t) Lead (%) 65638 6.06 - - 65639 14.6 4.4 0.11 65640 47.0 175 3.17 65641 19.9 230 1.00 19420 6.24 - - 19421 2.75 - - 19422 2.19 - - Grab samples are selective by nature and are unlikely to represent average grades of sampling on the entire property. The East Ridge and West Zones are highlighted by 0.9 kilometre and 1.4 kilometre long gold and arsenic soil geochemical anomalies and numerous rock samples hosted in meta-sediments that returned values greater than 1 g/t gold. Grab sample 73723 collected in 1997 from the West zone returned 144.1 g/t gold (Bearing news releases of November 24, 2011 and December 12, 2011). The Zig Zag, East Ridge and West gold zones occur in a similar geological setting to those reported at the 3 Aces project, where Golden Predator is actively undertaking a large program of geochemical soil sampling, reverse circulation and core drilling and a metallurgical bulk sample at its Sleeping Giant Zone. Bearing is anticipating a follow-up program of data compilation, followed by ground evaluation of the Zig Zag, East Ridge and West gold zones in 2017. The HY claim group was acquired from Freeport McMoRan Exploration ("Freeport") in 2011 and was subsequently expanded to roughly 3,200 hectares by the addition of the Jay claims by staking in 2011. Freeport retains a 2% net smelter royalty ("NSR") on the HY claims, which can be reduced to a 1% NSR through a one-time payment of $1 million. The VM and VBA properties are located 20 and 45 kilometres to the northwest of HY-Jay respectively. VBA was staked in 2011 to cover drainages highlighted by an 824.4 ppm arsenic (greater than 99 percentile) government regional geochemical stream sediment survey anomaly (sample 811614). Results from preliminary work completed at VBA identified a number of multiple station, coincident gold (33 of 265 samples above 17 ppb with a high of 405 ppb gold) and arsenic (23 of 265 above 45 ppm with an high of 14,000 ppm arsenic) soil anomalies. The VM property was staked to cover two stream drainages highlighted by favorable geology and coincident gold and arsenic anomalous (greater than 95 percentile) government regional geochemical survey samples (sample 813102: 53 ppb Au & 50.8 ppm As; sample 813104: 41 ppb Au & 22.0 ppm As). David W. Tupper, P.Geo., a Qualified Person under the context of National Instrument 43-101 has reviewed and approved the technical information contained in this release. Bearing Resources Ltd. is a Canadian based company focused on exploration for precious and base metals in North America. The Company's strategy is to identify, explore and develop mineral deposits with a magnitude of size and grade to be of interest to mid-sized and larger mining companies. The Company will carry out all aspects of exploration and development from grass roots prospecting to feasibility studies. Projects will be acquired through both staking and acquisition. From time to time, the Company may option projects to external exploration companies in an effort to focus both financial and human capital on other internal projects. FOR FURTHER INFORMATION PLEASE CONTACT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future plans, programs, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements. Forward-looking statements include, but are not limited to, statements with respect to the Company's exploration plans, development and corporate strategy and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined and other risks of the mining industry. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. VANCOUVER, BC / ACCESSWIRE / November 8, 2016 / Bearing Resources Ltd. (TSXV: BRZ) ("Bearing" or the "Company") is pleased to provide a review of its Yukon gold exploration projects, including the HY-Jay gold project located in the Upper Hyland River area in eastern Yukon. The Company holds three properties (HY-Jay, VBA and VM) along the 50 kilometre Upper Hyland River Gold Belt. This belt of favourable Upper Proterozoic to Lower Cambrian Hyland Group stratigraphy hosts several high grade, sediment-hosted orogenic gold-vein occurrences, including (from north to south): Bearing's HY-Jay; the FER (Precipitate Gold Ltd.), 3 Aces (Golden Predator Mining Corp.) and the POW (Aben Resources Ltd.). Please see the Company's website at www.bearingresources.ca for maps relating to the HY-Jay property. Work to date on the HY-Jay property has outlined three areas of anomalous gold in rock and soil at the Zig Zag, East Ridge and West zones. The 2011 discovery of the Zig Zag gold zone returned significant gold assays from grab samples of quartz-arsenopyrite vein material collected from a large field of metasediment and phyllite sub-crop and float boulders. Elevated silver and lead was also returned in some samples. Sample Number Gold (g/t) Silver (g/t) Lead (%) 65638 6.06 - - 65639 14.6 4.4 0.11 65640 47.0 175 3.17 65641 19.9 230 1.00 19420 6.24 - - 19421 2.75 - - 19422 2.19 - - Grab samples are selective by nature and are unlikely to represent average grades of sampling on the entire property. The East Ridge and West Zones are highlighted by 0.9 kilometre and 1.4 kilometre long gold and arsenic soil geochemical anomalies and numerous rock samples hosted in meta-sediments that returned values greater than 1 g/t gold. Grab sample 73723 collected in 1997 from the West zone returned 144.1 g/t gold (Bearing news releases of November 24, 2011 and December 12, 2011). The Zig Zag, East Ridge and West gold zones occur in a similar geological setting to those reported at the 3 Aces project, where Golden Predator is actively undertaking a large program of geochemical soil sampling, reverse circulation and core drilling and a metallurgical bulk sample at its Sleeping Giant Zone. Bearing is anticipating a follow-up program of data compilation, followed by ground evaluation of the Zig Zag, East Ridge and West gold zones in 2017. The HY claim group was acquired from Freeport McMoRan Exploration ("Freeport") in 2011 and was subsequently expanded to roughly 3,200 hectares by the addition of the Jay claims by staking in 2011. Freeport retains a 2% net smelter royalty ("NSR") on the HY claims, which can be reduced to a 1% NSR through a one-time payment of $1 million. The VM and VBA properties are located 20 and 45 kilometres to the northwest of HY-Jay respectively. VBA was staked in 2011 to cover drainages highlighted by an 824.4 ppm arsenic (greater than 99 percentile) government regional geochemical stream sediment survey anomaly (sample 811614). Results from preliminary work completed at VBA identified a number of multiple station, coincident gold (33 of 265 samples above 17 ppb with a high of 405 ppb gold) and arsenic (23 of 265 above 45 ppm with an high of 14,000 ppm arsenic) soil anomalies. The VM property was staked to cover two stream drainages highlighted by favorable geology and coincident gold and arsenic anomalous (greater than 95 percentile) government regional geochemical survey samples (sample 813102: 53 ppb Au & 50.8 ppm As; sample 813104: 41 ppb Au & 22.0 ppm As). David W. Tupper, P.Geo., a Qualified Person under the context of National Instrument 43-101 has reviewed and approved the technical information contained in this release. Bearing Resources Ltd. is a Canadian based company focused on exploration for precious and base metals in North America. The Company's strategy is to identify, explore and develop mineral deposits with a magnitude of size and grade to be of interest to mid-sized and larger mining companies. The Company will carry out all aspects of exploration and development from grass roots prospecting to feasibility studies. Projects will be acquired through both staking and acquisition. From time to time, the Company may option projects to external exploration companies in an effort to focus both financial and human capital on other internal projects. ON BEHALF OF THE BOARD FOR FURTHER INFORMATION PLEASE CONTACT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future plans, programs, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements. Forward-looking statements include, but are not limited to, statements with respect to the Company's exploration plans, development and corporate strategy and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined and other risks of the mining industry. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


HONG KONG, Oct 31, 2016 - (ACN Newswire) - Honghua Group Limited ("Honghua" or the "Group") (Stock Code: 196.HK), a leading global land drilling rig manufacturer, is pleased to announce that the Group held the Sino-US LNG industry development seminar in Beijing on 28 October 2016, and announced the "Sino-US Integrated Solution to LNG Industry" led by the Group along with the Sino-US top companies in LNG industry. Witnessed by experts and top companies of LNG industry worldwide, Shanghai Honghua Offshore Oil and Gas Equipment Co., Ltd. ("Honghua Offshore"), a wholly-owned subsidiary of the Group, entered into the first offshore LNG platform ("PLNG") construction Heads of Agreement (HOA) with Argo LNG Partners, LLC. ("ARGO"), with a total amount of approximately US$1.8 billion. At the Sino-US LNG industry development seminar, Honghua, the leading corporation of oil and gas equipment in China, together with Sino-US top partners announced the "Sino-US Integrated Solution to LNG Industry", including GE, Braemar (the world's top technology service company), Wood Group (the largest offshore engineering and service company in the world) and China Aerospace (Shanghai) etc. Honghua together with Sino-US top partners initially introduced fixed platform technology into LNG factory design and developed the PLNG. Comparing with traditional LNG liquefaction factory, PLNG has unique advantages, including the integration of port and factory, converting overseas EPC project to Chinese manufacturing to achieve low cost, controllable cycle, and convenient construction. It can be designed as fixed or movable platform with high flexibility to adjust its layout according to global resources market. The first set of PLNG will be delivered to clients after modular manufacture, installation and debugging under EPC model in the factory of Honghua Offshore. The solution is fully consolidated the advantages of American LNG liquefaction equipment and Honghua's EPC construction. The first set of PLNG is scheduled to be installed in the U.S. Gulf of Mexico and take 2 to 3 years to complete the construction, including 4 production platforms, 4 storage platforms, 1 accommodation platform, 1 central processing platform, and a pier which is available for LNG vessel carrying 30,000 to 260,000 cubic meters LNG to park. The designed annual LNG processing capability and storage capability is max to 3,600,000 tons and 240,000 cubic meters respectively. This Sino-US LNG industry development seminar also invites top companies of the LNG industry as well as the experts worldwide, to explore and discuss the cooperation of Sino-US LNG industry development. Benefited from the significant success of U.S. LNG revolution, the U.S. will become the largest LNG export country in the world, while the natural gas consumption in China is increasing rapidly due to the enforcement of environment governance and energy structure adjustment. In 2015, the natural gas consumption in China was less than 200 billion cubic meters, counting less than 6% in terms of total amount of primary energy consumption, which was largely lower than the world average level of 24%. It is expected the natural gas consumption in China will maintain the annual growth of 8%. In the future, importing the stable-supplied and cost-effective LNG from U.S. through the Sino-US Integrated Solution to LNG Industry will help to reduce intermediate section so that Chinese natural gas users can enjoy a long-term and stable supply of LNG at the best price, and help to optimize the energy structure of China to cope with the increasingly severe challenges from environment and climate. Furthermore, importing LNG from U.S. will also realize the diverse supply of natural gas to China and benefit the stable development of natural gas as a national strategy. Mr. Zhang Mi, Chairman of Honghua commented, "We are pleased to announce 'Sino-US Integrated Solution to LNG Industry' and enter into the first PLNG construction HOA. The cooperation this time, not only presents the Sino-US' breakthrough in development and utilization of clean energy, but a significant and innovative cooperation between the two parties in manufacturing top-end equipment. We always adhere to the concept of 'Creative Manufacturing' and have successfully developed the new 'Super Offshore' model with integrated construction of offshore platform, implemented the concept of 'Offshore Equipment Manufactured Onshore' this time, as well as expanded the global market in advance. We introduced a number of advanced technologies and solutions in the world into the PLNG's design & construction, including the FSP patent technology of General Dynamics (the largest corporation of aerospace and national defence in the U.S.) and the FSP-LNG storage tank technology jointly developed with Braemar and Shanghai Aerospace. Looking ahead, Honghua will continue adopting the concept of 'Creative Manufacturing', not only capture more opportunities from high-end LNG equipment manufacturing in the golden age of this industry, but continue integrating the LNG industrial chain to improve efficiency and seek diverse development." About Honghua Group Limited (Stock Code: 196.HK) Honghua is one of the largest land drilling equipment manufacturers in the world, which is primarily engaged in manufacturing conventional land drilling rigs, digital drilling rigs, accessories of drilling rigs, as well as the parts and components for the drilling rigs or for the maintenance of the drilling rigs in operation. Leveraging on the strong R&D strength, high-quality production facilities and mature international sales network, the Group's 80% products have been sold to a large number of famous enterprises all over the world, including major oil-production regions such as North America, Middle East, and emerging markets including South America, India, Russia, China and Africa. In 2014, Honghua has obtained sales orders of offshore drilling platform and started to manufacture in its Qidong offshore equipment production plant. Based on the existing solid foundation of the land drilling rigs equipment, Honghua will implement diverse development strategies, and expand to become the integrated enterprise which is involved in the interaction development of onshore and offshore areas and three major sectors, including equipment manufacturing and oil and gas resources development (especially the unconventional oil and gas area), as well as engineering services. About Argo LNG Partners, LLC. Argo LNG Partners, LLC is a project company formed by a group of experienced technique experts and financial expert in US oil & gas industry to produce and export LNG. It is a Delaware corporation with offices in Houston, Texas. The principals behind Argo, led by Mr. Erik Saenz, had been developing a project offshore Lousiana called United LNG in collaboration with Freeport McMoRan.


Honghua Group Limited Announced the "Sino-US Integrated Solution to LNG Industry" and Entered into the First Offshore LNG platform Construction HOA Honghua Group Limited ("Honghua" or the "Group") (Stock Code: 196.HK), a leading global land drilling rig manufacturer, is pleased to announce that the Group held the Sino-US LNG industry development seminar in Beijing on 28 October 2016, and announced the "Sino-US Integrated Solution to LNG Industry" led by the Group along with the Sino-US top companies in LNG industry. Witnessed by experts and top companies of LNG industry worldwide, Shanghai Honghua Offshore Oil and Gas Equipment Co., Ltd. ("Honghua Offshore"), a wholly-owned subsidiary of the Group, entered into the first offshore LNG platform ("PLNG") construction Heads of Agreement (HOA) with Argo LNG Partners, LLC. ("ARGO"), with a total amount of approximately US$1.8 billion. At the Sino-US LNG industry development seminar, Honghua, the leading corporation of oil and gas equipment in China, together with Sino-US top partners announced the "Sino-US Integrated Solution to LNG Industry", including GE, Braemar (the world's top technology service company), Wood Group (the largest offshore engineering and service company in the world) and China Aerospace (Shanghai) etc. Honghua together with Sino-US top partners initially introduced fixed platform technology into LNG factory design and developed the PLNG. Comparing with traditional LNG liquefaction factory, PLNG has unique advantages, including the integration of port and factory, converting overseas EPC project to Chinese manufacturing to achieve low cost, controllable cycle, and convenient construction. It can be designed as fixed or movable platform with high flexibility to adjust its layout according to global resources market. The first set of PLNG will be delivered to clients after modular manufacture, installation and debugging under EPC model in the factory of Honghua Offshore. The solution is fully consolidated the advantages of American LNG liquefaction equipment and Honghua's EPC construction. The first set of PLNG is scheduled to be installed in the U.S. Gulf of Mexico and take 2 to 3 years to complete the construction, including 4 production platforms, 4 storage platforms, 1 accommodation platform, 1 central processing platform, and a pier which is available for LNG vessel carrying 30,000 to 260,000 cubic meters LNG to park. The designed annual LNG processing capability and storage capability is max to 3,600,000 tons and 240,000 cubic meters respectively. This Sino-US LNG industry development seminar also invites top companies of the LNG industry as well as the experts worldwide, to explore and discuss the cooperation of Sino-US LNG industry development. Benefited from the significant success of U.S. LNG revolution, the U.S. will become the largest LNG export country in the world, while the natural gas consumption in China is increasing rapidly due to the enforcement of environment governance and energy structure adjustment. In 2015, the natural gas consumption in China was less than 200 billion cubic meters, counting less than 6% in terms of total amount of primary energy consumption, which was largely lower than the world average level of 24%. It is expected the natural gas consumption in China will maintain the annual growth of 8%. In the future, importing the stable-supplied and cost-effective LNG from U.S. through the Sino-US Integrated Solution to LNG Industry will help to reduce intermediate section so that Chinese natural gas users can enjoy a long-term and stable supply of LNG at the best price, and help to optimize the energy structure of China to cope with the increasingly severe challenges from environment and climate. Furthermore, importing LNG from U.S. will also realize the diverse supply of natural gas to China and benefit the stable development of natural gas as a national strategy. Mr. Zhang Mi, Chairman of Honghua commented, "We are pleased to announce 'Sino-US Integrated Solution to LNG Industry' and enter into the first PLNG construction HOA. The cooperation this time, not only presents the Sino-US' breakthrough in development and utilization of clean energy, but a significant and innovative cooperation between the two parties in manufacturing top-end equipment. We always adhere to the concept of 'Creative Manufacturing' and have successfully developed the new 'Super Offshore' model with integrated construction of offshore platform, implemented the concept of 'Offshore Equipment Manufactured Onshore' this time, as well as expanded the global market in advance. We introduced a number of advanced technologies and solutions in the world into the PLNG's design & construction, including the FSP patent technology of General Dynamics (the largest corporation of aerospace and national defence in the U.S.) and the FSP-LNG storage tank technology jointly developed with Braemar and Shanghai Aerospace. Looking ahead, Honghua will continue adopting the concept of 'Creative Manufacturing', not only capture more opportunities from high-end LNG equipment manufacturing in the golden age of this industry, but continue integrating the LNG industrial chain to improve efficiency and seek diverse development." About Honghua Group Limited (Stock Code: 196.HK) Honghua is one of the largest land drilling equipment manufacturers in the world, which is primarily engaged in manufacturing conventional land drilling rigs, digital drilling rigs, accessories of drilling rigs, as well as the parts and components for the drilling rigs or for the maintenance of the drilling rigs in operation. Leveraging on the strong R&D strength, high-quality production facilities and mature international sales network, the Group's 80% products have been sold to a large number of famous enterprises all over the world, including major oil-production regions such as North America, Middle East, and emerging markets including South America, India, Russia, China and Africa. In 2014, Honghua has obtained sales orders of offshore drilling platform and started to manufacture in its Qidong offshore equipment production plant. Based on the existing solid foundation of the land drilling rigs equipment, Honghua will implement diverse development strategies, and expand to become the integrated enterprise which is involved in the interaction development of onshore and offshore areas and three major sectors, including equipment manufacturing and oil and gas resources development (especially the unconventional oil and gas area), as well as engineering services. About Argo LNG Partners, LLC. Argo LNG Partners, LLC is a project company formed by a group of experienced technique experts and financial expert in US oil & gas industry to produce and export LNG. It is a Delaware corporation with offices in Houston, Texas. The principals behind Argo, led by Mr. Erik Saenz, had been developing a project offshore Lousiana called United LNG in collaboration with Freeport McMoRan. Honghua Group Entered into Offshore Drilling Package Sales Agreement for TIGER Series Drilling Ship with Shanghai Shipyard Worth Approximately US$56 Million


BEIJING, October 28, 2016 /PRNewswire/ -- Honghua Group Limited ("Honghua" or the "Group") (Stock Code: 196.HK), a leading global land drilling rig manufacturer, is pleased to announce that the Group held the Sino-US LNG industry development seminar in Beijing today, and announced the "Sino-US Integrated Solution to LNG Industry" leading by the Group along with the Sino-US top companies in LNG industry. Witnessed by experts and top companies of LNG industry worldwide, Shanghai Honghua Offshore Oil and Gas Equipment Co., Ltd. ("Honghua Offshore"), a wholly-owned subsidiary of the Group, entered into the first offshore LNG platform ("PLNG") construction Heads of Agreement (HOA) with Argo LNG Partners, LLC. ("ARGO"), with a total amount of approximately US$1.8 billion. At the Sino-US LNG industry development seminar, Honghua, the creative leading corporation along with Sino-US top partners, including GE, Braemar (the world's top technology service company), Wood Group (the largest offshore engineering and service company in the world) and China Aerospace (Shanghai) etc, announced the "Sino-US Integrated Solution to LNG Industry". Honghua together with Sino-US top partners initially introduced fixed platform technology into LNG factory design and developed the PLNG. Comparing with traditional LNG liquefaction factory, PLNG has unique advantages, including: it can be established in American federal waters to avoid several years approval period; the integration of port and factory, converting overseas EPC project to Chinese manufacturing to achieve low cost, controllable cycle, and convenient construction. It can be designed as fixed or movable platform with high flexibility to adjust its layout according to global resources market. The first set of PLNG will be delivered to clients after modular manufacture, installation and debugging under EPC model with the "Honghai" crane (the world biggest offshore crane with a lifting capacity of 22,000 ton) in the factory of Honghua Offshore. The delivery would be more efficient and reliable than traditional model. The solution is fully consolidated the advantages of American LNG liquefaction equipment and Honghua's EPC construction. The first set of PLNG is scheduled to be installed in the U.S. Gulf of Mexico and take 2 to 3 years to complete the construction, including 4 production platforms, 4 storage platforms, 1 accommodation platform, 1 central processing platform, and a pier which is available for LNG vessel carrying 30,000 to 260,000 cubic meters LNG to park. The designed annual LNG processing capability and storage capability is max to 3,600,000 tons and 240,000 cubic meters respectively. This Sino-US LNG industry development seminar also invites top companies of the LNG industry as well as the experts worldwide, to explore and discuss the cooperation of Sino-US LNG industry development. Benefitted from the significant success of U.S. LNG revolution, the U.S. will become the largest LNG export country in the world, while the natural gas consumption in China is increasing rapidly due to the enforcement of environment governance and energy structure adjustment. In 2015, the natural gas consumption in China was less than 200 billion cubic meters, counting less than 6% in terms of total amount of primary energy consumption, which was largely lower than the world average level of 24%. It is expected the natural gas consumption in China will maintain the annual growth of 8%. In the future, importing the stable-supplied and cost-effective LNG from U.S. through the Sino-US Integrated Solution to LNG Industry will help to reduce intermediate section so that Chinese natural gas users can enjoy a long-term and stable supply of LNG at the best price, and help to optimize the energy structure of China to cope with the increasingly severe challenges from environment and climate. Furthermore, importing LNG from U.S. will also realize the diverse supply of natural gas to China and benefit the stable development of natural gas as a national strategy. Mr. Zhang Mi, Chairman of Honghua commented, "We are pleased to announce 'Sino-US Integrated Solution to LNG Industry' and enter into the first PLNG construction HOA. The cooperation this time, not only presents the Sino-US' breakthrough in development and utilization of clean energy, but a significant and innovative cooperation between the two parties in manufacturing top-end equipment. We always adhere to the concept of 'Creative Manufacturing' and have successfully developed the new 'Super Offshore' model with integrated construction of offshore platform, implemented the concept of 'Offshore Equipment Manufactured Onshore' and the unique advantage of "Honghai" crane this time, as well as expanded the global market in advance. We introduced a number of advanced technologies and solutions in the world into the PLNG's design & construction, including the FSP patent technology of General Dynamics (the largest corporation of aerospace and national defence in the U.S.) and the FSP-LNG storage tank technology jointly developed with Braemar and Shanghai Aerospace. Looking ahead, Honghua will continue adopting the concept of 'Creative Manufacturing', not only capture more opportunities from high-end LNG equipment manufacturing in the golden age of this industry, but continue integrating the LNG industrial chain to improve efficiency and seek diverse development." Honghua is one of the largest land drilling equipment manufacturers in the world, which is primarily engaged in manufacturing conventional land drilling rigs, digital drilling rigs, accessories of drilling rigs, as well as the parts and components for the drilling rigs or for the maintenance of the drilling rigs in operation. Leveraging on the strong R&D strength, high-quality production facilities and mature international sales network, the Group's 80% products have been sold to a large number of famous enterprises all over the world, including major oil-production regions such as North America, Middle East, and emerging markets including South America, India, Russia, China and Africa. In 2014, Honghua has obtained sales orders of offshore drilling platform and started to manufacture in its Qidong offshore equipment production plant. Based on the existing solid foundation of the land drilling rigs equipment, Honghua will implement diverse development strategies, and expand to become the integrated enterprise which is involved in the interaction development of onshore and offshore areas and three major sectors, including equipment manufacturing and oil and gas resources development (especially the unconventional oil and gas area), as well as engineering services. Argo LNG Partners, LLC is a project company formed by a group of experienced technique experts and financial expert in US oil & gas industry to produce and export LNG. It is a Delaware corporation with offices in Houston, Texas. The principals behind Argo, led by Mr. Erik Saenz, had been developing a project offshore Louisiana called United LNG in collaboration with Freeport McMoRan. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honghua-announced-the-sino-us-integrated-solution-to-lng-industry-and-entered-into-the-first-offshore-lng-platform-construction-hoa-300353436.html


News Article | November 29, 2016
Site: marketersmedia.com

Production in the sulphide zone has been ongoing for the past year and copper, silver, and gold mineralized material is being delivered to ENAMI. From August 2015 to the end of August 2016 a total of 7,931 tonnes have been sold to ENAMI with an average grade of 1.88% copper, 8.35 g/t silver, and 0.25 g/t gold. Since commencement of the mining activities and the first delivery of mineralized material to ENAMI in January 2015, a total of 10,431 tonnes of sulphide material with an average grade of 1.85% copper, 6.78 g/t silver and 0.25 g/t gold, and a total of 1,806 tonnes of oxide material with an average grade of 1.56% copper have been sold. The main target of the current development is an area intersected in the 2011 and 2013 drilling campaigns, specifically intercepts in drill holes FAR-11-001 of 3.95% Cu and 0.53 g/t Au over 8 meters, FAR-13-002 of 2.15% Cu and 0.28 g/t Au over 7 meters and FAR-13-001 of 0.70% Cu and 0.20 g/t Au over 6 meters including 1.25% Cu and 0.34 g/t Au over 2 meters (see news releases dated Sept 21, 2011 and Jan 24, 2014). Further drilling has been completed on a 1.6 kilometer strike length of this vein, and a further 5 km of strike length is unexplored other than surface sampling showing promising results. The Farellon property consists of eight mining concessions, totaling 1,234 hectares in the Carrizal Alto mining district, located approximately 75 kilometers northwest of the city of Vallenar, 150 kilometers south of Copiapo, and 20 kilometers west of the Pan American Highway. The property is easily accessible year round by dirt roads that crisscross the property and is located close to power, water, and a major urban center, Copiapo, with a readily available mining workforce. Red Metal has been informed by TomaGold Corp. that the company will not pursue the transaction to acquire Red Metal, which was earlier announced in the Company's news release dated September 19, 2016. Caitlin Jeffs, P. Geo., President & CEO of Red Metal Resources, the project's Qualified Person as defined in NI 43-101, has reviewed and approved the contents of this news release. Red Metal Resources is a mineral exploration company focused on aggressive growth through acquiring, exploring and developing copper-gold assets in Chile. Our projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera, host to Lundin Mining's Candelaria Mine (formerly owned by Freeport McMoRan) and Audley Capital's Mantoverde Mine (formerly owned by Anglo American). Red Metal is a fully reporting US public company quoted on the OTCPINK under the symbol RMES. For more information, visit www.redmetalresources.com. Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievement of the company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Accordingly, you should not place undue reliance on statements containing forward-looking information. The U.S. Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in our press releases, such as "measured," "indicated," and "inferred" resources, which the SEC guidelines generally prohibit companies from including in their filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-K, which may be obtained from us, or from the SEC website.


News Article | December 11, 2015
Site: news.yahoo.com

Trader Thomas Kay, center, works with colleagues at their booth on the floor of the New York Stock Exchange, Friday, Dec. 11, 2015. Stocks are sharply lower in midday trading, led by more declines in energy and materials stocks as prices for oil and other commodities slide. (AP Photo/Richard Drew)) More NEW YORK (AP) — A slump in oil prices sparked a global sell-off in financial markets on Friday with losses spreading from Asia to Europe to the U.S., where stocks fell sharply to cap their worst week since the summer. The selling was broad, with all 10 sectors of the Standard and Poor's 500 index ending down. Fearful investors put their money in government bonds, especially U.S. Treasurys. Another measure of anxiety, the so-called Vix index, jumped. It is now up 70 percent in just five days. Investors worry the sharp fall in the price of oil and other commodities is a sign of weakness in the global economy, especially China, and that will cut into profits at big energy producers and suppliers of raw materials as well as other companies. "We're stockpiling commodities and demand is not picking up," said Tim Courtney, chief investment officer of Exencial Wealth Advisors. "It's kind of a depressing market." Energy shares, already decimated this year, fell 3.4 percent on Friday. Southwestern Energy plunged 14 percent. Freeport McMoRan, a mining giant, dropped 6 percent. The trouble began with a report from the International Energy Agency that said the oversupply in oil would persist until late next year even as demand continues to weaken. Benchmark U.S. crude plunged $1.14, or 3 percent, to close at $35.62 a barrel in New York. It has been falling for 1 ½ years and is now at its lowest level since early 2009. By the end of the day, the S&P 500 index had lost 39.86 points, or 1.9 percent, to 2,012.37. It was down 3.8 percent for the week, its worst showing since August. The Dow Jones industrial average lost 309.54 points, or 1.8 percent, to 17,265.21. The Nasdaq composite declined 111.71 points, or 2.2 percent, to 4,933.47. Investors were also rattled by trouble in a risky corner of the credit markets where bonds from heavily indebted companies are traded. Their prices have fallen sharply as investors fear the companies that issued the bonds might default. A fund that tracks the bonds, the iShares iBoxx USD High Yield Corporate Bond ETF, has dropped nearly 4 percent in five days. Investors are also focused on a Federal Reserve meeting next week where the central bank is widely expected to announce an increase in its benchmark interest rate from a record low. Recent economic reports indicate that the U.S. economy is healthy enough to withstand a rate hike, but investors are still nervous because it would be the first rate rise in nearly a decade. "It's anticipation of the Fed, it's oil, it's credit ... all of these factors are putting fear and confusion into the investor," said Jonathan D. Corpina, senior managing partner at Meridian Equity Partners. In a sign of trouble among commodity producers, Dow Chemical and DuPont on Friday announced a $130 billion deal to merge their businesses to counter falling prices. Their stocks had risen in previous days on reports the deal was forthcoming, but fell sharply on Friday. Dow Chemical dropped $1.54, or nearly 3 percent, to $53.37. DuPont lost $4.11, or 5.5 percent, to $70.44. In Asia, Japan's Nikkei 225 index climbed 1 percent, but most other major indexes fell. Hong Kong's Hang Seng dropped 1.1 percent and mainland China's Shanghai Composite lost 0.6 percent. — Software maker Adobe Systems rose $2.46, or 2.8 percent, to $91.42 after reporting earnings in its latest quarter that exceeded analysts' expectations. The stock is up 26 percent since the start of the year. — Corning rose 99 cents, or 5.6 percent, to $18.68 after the company said it will give up its stake in Dow Corning, a joint venture with Dow Chemical. Instead it will invest in a semiconductor business that is owned by Dow Corning. U.S. government bond prices rose sharply. The yield on the 10-year Treasury note fell to 2.12 percent from 2.23 percent late Thursday, a big move. The dollar fell to 120.79 yen from 121.64 yen. The euro strengthened to $1.0995 from $1.0939. Precious and industrial metals futures closed mixed. Gold edged up $3.70 to $1,075.70 an ounce, silver fell 23 cents to $13.88 an ounce and copper rose four cents to $2.12 a pound. In other energy futures market, Brent crude, the international oil benchmark, fell $1.80, or 4.5 percent, to $37.93 a barrel in London. In New York, heating oil plunged eight cents, or 6.5 percent, to $1.146 a gallon, wholesale gasoline was little changed at $1.282 a gallon, and natural gas lost 2.5 cents, or 1.2 percent, to $1.99 per 1,000 cubic feet.


Everly C.R.,Freeport McMoRan
2015 SME Annual Conference and Expo and CMA 117th National Western Mining Conference - Mining: Navigating the Global Waters | Year: 2015

The purpose of this paper is to review the most effective methods of reducing chloride transfer and chloride removal in the solution extraction and electrowinning (SX/EW) process. Elevated chlorides in electrolyte have various negative effects including a reduction in current efficiency, increased handling costs at rod plants and smelters, increased anode corrosion, cobalt losses due to increased electrolyte bleed, degradation of HDPE piping, and increased corrosion in the SX/EW plants. Historical controls that Sierrita has used to control chloride transfer, in order of effectiveness, have been chloride gasification at the EW that is directly correlated to amperage and chloride concentration in electrolyte, wash stage bleed and efficiency, width and velocity of aqueous bands, and electrolyte bleeds. Maintaining high bleed rates and high amperage settings has been a challenge with decreasing pregnant leach solution (PLS) grades, so keeping chlorides out of the electrolyte has become imperative. The effectiveness of reducing aqueous entrainment, optimizing wash stage efficiencies, and improving organic quality to reduce the transfer of chlorides to the electrolyte are illustrated in this study. Copyright © 2015 by SME.


News Article | September 19, 2016
Site: www.ogj.com

Anadarko Petroleum Corp., Houston, has agreed to acquire the deepwater Gulf of Mexico assets belonging to Freeport McMoRan Oil & Gas (FMOG), a subsidiary of Phoenix-based mining firm Freeport-McMoRan Inc., for $2 billion.


News Article | September 12, 2016
Site: www.ogj.com

Anadarko Petroleum Corp., Houston, has agreed to acquire the deepwater Gulf of Mexico assets belonging to Freeport McMoRan Oil & Gas (FMOG), a subsidiary of Phoenix-based mining firm Freeport-McMoRan Inc., for $2 billion.

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