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CORNWALL, 12-May-2017 — /EuropaWire/ — Wave Hub Ltd has appointed Black & Veatch to undertake a feasibility study into the Pembrokeshire Demonstration Zone, a planned offshore site for testing multiple wave energy arrays of up to 30MW each. The study will prepare an outline design specification for the on and offshore grid infrastructure, start the consent process by completing the Environmental Impact Assessment scoping exercise, assess how commercially viable the site is, and undertake a socio-economic study including analysis of the likely local supply chain benefits. Wave Hub Ltd secured the seabed lease for the Pembrokeshire wave energy site from the Crown Estate and acts as the Third Party Manager. We very much look forward to working with Black & Veatch to help us understand how technically feasible and commercially viable the Pembrokeshire Demonstration Zone is. Throughout the study we will be engaging with industry and local stakeholders to ensure our plans are fit for purpose and take into account any local concerns. Black & Veatch will manage this work from their Swansea office. We are very pleased to be able to use our considerable experience in marine energy to support Wave Hub in this important project. The project will be led by Black & Veatch, supported by Morlais Energy and Royal HaskoningDHV. Black & Veatch is committed to help the UK develop a low-carbon economy through projects such as this that aim to address the commercial barriers to delivering renewable energy. This study is being supported by funding from the Welsh Government, including the European Regional Development Fund for West Wales and the Valleys which has allocated €100m to develop marine energy in Wales and increase the number of wave and tidal energy devices being tested in Welsh waters. The contract award followed an open procurement exercise that resulted in 24 tenders being evaluated by Wave Hub Ltd.  The feasibility study is expected to take 9 months, with completion programmed for the end of January 2018. The Pembrokeshire Demonstration Zone forms part of the Pembroke Dock Marine project to develop a world class centre for marine energy development, fabrication, testing and deployment in Pembrokeshire.  This is one of 11 projects included in the Swansea Bay City Deal that was signed by the Prime Minister and Welsh First Minister on 20 March this year. About the Pembrokeshire Demonstration Zone The Pembrokeshire Demonstration Zone is a new wave energy site located off the South Pembrokeshire coastline.  Wave Hub Ltd is the seabed leaseholder. The zone comprises a 90 sq km area of seabed with water depths of approximately 50 metres and a wave resource of 19 kW/m.  It is located between 13-21kms offshore and has the potential to support the demonstration of wave arrays with a generating capacity of up to 30MW for each project. Wave Hub Ltd has secured £324,312 from the Welsh Government, including the European Regional Development Fund, to undertake the feasibility study.


London, UK - 9th May 2017: InfoSaaS Limited is pleased to announce the public launch of "UtopiaR", its secure, cloud-based GDPR compliance solution. With the forthcoming EU General Data Protection Regulation (GDPR) a little over a year away, far too many organisations have yet to start thinking about or preparing for this more demanding data protection framework which replaces the UK Data Protection Act. At the heart of GDPR is Article 35, which requires "Privacy by Design" for data processing activities. The most widely accepted method of demonstrating compliance is to conduct a "Privacy Impact Assessment" (also known as a Data Protection Impact Assessment within GDPR) - and that's where UtopiaR can make a real difference. Customers are taken on a progressive assessment of each data processing activity, helping them to evaluate the protection provided to valuable citizen personal data, and providing a clear and structured report that is suitable for sharing with data subjects and stakeholders. UtopiaR goes further: it undertakes a detailed analysis of the responses to highlight other potential areas of weakness in their GDPR preparations, allowing them to quickly and efficiently target their remedial work. Abeed Janmohamed, Commercial Director of InfoSaaS, said: "In an increasingly digital world, citizens are increasingly concerned with who has access to their personal data and for what purposes. More than ever before, they want to know where their data is and who can access it, and GDPR will provide them with greater transparency as well as a wider selection of data subject rights which they may choose to exercise". Andrew Beverley, CTO of InfoSaaS commented: "We designed UtopiaR to provide a capable Data Protection Impact Assessment framework for businesses, and help them prepare for GDPR's arrival in May 2018. Following extensive pre-launch testing within several large, complex organisations, we're satisfied that the visibility of data processing information to data subjects will make a significant contribution to gaining their trust and building better relationships. With GDPR backed by financial penalties of up to €20m for non-compliance, UtopiaR is an effective solution which already has significant pre-launch interest". Available to customers in a variety of subscription offers via the UtopiaR website (http://www.utopiar.cloud/), organisations can be up and running with their own UtopiaR privacy impact assessment library in a matter of minutes. The cloud-based software, which can be accessed from any internet-connected device, is easy to use, and supported by a clear and concise user manual. UtopiaR also provides a GDPR documentation pack, containing a wide selection of quality policies, procedures, templates and information which further assists with meeting GDPR requirements. About InfoSaaS Limited Created and managed by a team of experienced and professional assurance and technical specialists, InfoSaaS has quickly become a leading provider of risk, compliance and data protection solutions to organisations around the world. From the smallest of SMEs to European Governments, its "InfoSaaS" solution (http://www.infosaas.uk/) is regularly delivering successful certification and accreditation results - most commonly against the international standard for information security, ISO27001. Always working closely with InfoSaaS customers, the Team soon realised the unique challenges that the change to data protection frameworks will present to organisations. In many cases, they simply did not understand the personal data which was involved within their processes, let alone the risks that it faced. UtopiaR was born out of a desire to make an existing manual assessment methodology more easily accessible to businesses and charities, helping them to progress towards GDPR compliance, as well as gaining the trust of data subjects. Additional information about InfoSaaS can be found at https://www.infosaas.uk/ and additional information about UtopiaR can be found at https://www.utopiar.cloud/ or by following us on Twitter at @info_saas.


News Article | May 11, 2017
Site: www.marketwired.com

VANCOUVER, BC--(Marketwired - May 11, 2017) - Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the "Company") announced that it has filed its financial results for its first quarter ended March 31, 2017. All amounts, unless indicated, are reported in CAD dollars. "We've had a very exciting and busy start to 2017," says Mark Morabito, Chairman and Chief Executive Officer of Alderon Iron Ore. "We effectively re-booted our Kami Project with the release of a re-scoped Preliminary Economic Assessment, strengthened our board, worked with Memorial University in St. John's to prepare an Economic Impact Assessment study showing the significant number of jobs and considerable contributions to government treasuries that Kami will make, and adopted a new trading symbol, IRON. These efforts pave the way for continued advancement of the Kami project and capitalize on improved iron ore fundamentals." Outlook "Our focus in the coming months will continue to center on advancing Kami's development and gaining access to the idled Scully pit for use as a tailings facility," added Mr. Morabito. "Targeted milestones in the near and longer term include the start of a feasibility study, re-assembling the owner's team, awarding an EPCM/EPC contract, resuming detailed engineering activities and securing construction financing." Alderon's Management Discussion and Analysis and Financial Statements for the first quarter 2017 ended March 31, 2017 are available on the Company's website, http://www.alderonironore.com, and via the Company's SEDAR profile. Alderon AGM Alderon is also pleased to announce that it has received Toronto Stock Exchange ("TSX") approval to hold its annual general meeting ("AGM") on September 14, 2017, outside of the TSX requirement that a company hold an AGM within six months of its year end. The previously announced transaction regarding the Wabush Scully Mine (see Alderon news release dated April 5, 2017) may require shareholder approval depending on the final structure and the Company chose to delay the holding of its AGM rather than holding multiple shareholder meetings in short succession. Technical Information The results of the PEA are from, and the EIA was based on, the technical report entitled "Re-Scoped Preliminary Economic Assessment of the Kamistiatusset (Kami) Iron Ore Property, Labrador", dated effective February 28 2017 (the "PEA Report"). The PEA Report was prepared under the supervision of Mr. Angelo Grandillo, P.Eng, of BBA, a Qualified Person as defined by NI 43-101, with contributions from Gemtec and WGM. Mr. Grandillo is a Qualified Person as defined by NI 43-101 and Mr. Grandillo is independent of Alderon. Mr. Grandillo has reviewed and approved the technical information regarding the PEA results. Mr. Grandillo has verified all the data underlying the technical information disclosed with respect to the PEA results. About Alderon Alderon is a leading iron ore development company in Canada. The Kami Project, owned 75% by Alderon and 25% by HBIS Group Co. Ltd. (formerly Hebei Iron & Steel Group Co. Ltd.) ("HBIS") through The Kami Mine Limited Partnership, is located within Canada's premier iron ore district and is surrounded by two producing iron ore mines. Its port handling facilities are located in Sept-Îles, the leading iron ore port in North America. HBIS is Alderon's strategic partner in the development of the Kami Project and China's second largest steel producer. For more information on Alderon, please visit our website at www.alderonironore.com Alderon is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors. *The 2012 Feasibility Study used an exchange rate of $1.00CDN = US$1.00 and was in constant Q4-2012 dollars. No escalation or inflation was applied to costs to bring them to Q1-2017 dollars. The exchange rate used in this current PEA is $1.00CDN = US$0.77. This press release contains "forward-looking information" within the meaning of the U.S. Private Securities Litigation Reform Act and Canadian securities laws concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this press release include, but are not limited to, statements with respect to (i) the details of the re-scoping of the Kami Project including potential capital and operating cost savings, (ii) the market and future price of iron ore and related products; (iii) expected infrastructure requirements; (iv) the ability to access or acquire the Scully Assets, (v) the results of the EIA; and (vi) the results of the PEA Report including statements about future production, future operating and capital costs, the projected IRR, NPV, payback period, construction timelines and production timelines for the Kami Project, (vii) targeted milestones, and (viii) the development of the Kami Project. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this press release is based on certain factors and assumptions regarding, among other things, receipt of governmental and other approvals, the estimation of mineral resources, the realization of resource estimates, iron ore and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Kami Project in the short and long-term, the progress of exploration and development activities, the ability of the Company to gain access to the Wabush Scully Mine site, the ability of the Company to use the multi-user terminal facility at the Port of Sept-Îles, the receipt of necessary regulatory approvals, the estimation of insurance coverage, assumptions with respect to currency fluctuations and exchange rates, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not commence at the Kami Project, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access rail transportation, sources of power and port facilities, risks relating to changes in iron ore prices and the worldwide demand for and supply of iron ore and related products, risks related to increased competition in the market for iron ore and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licences and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities at the Kami Project may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, risks related to disputes with Aboriginal groups, risks related to a third party acquiring the Wabush Scully Mine site, risks related to insufficient capacity being available for the Company to access the multi-user terminal facility at the Port of Sept-Îles, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's Annual Information Form for the most recently completed financial year, or other reports and filings with applicable Canadian securities regulators. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this press release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.


CALGARY, ALBERTA--(Marketwired - May 17, 2017) - GrowMax Resources Corp. (TSX VENTURE:GRO) ("GrowMax" or "the Company") is pleased to provide the following operational update: Pursuant to the Transfer Agreement announced on March 27, 2014, granting the Bayovar mineral concessions to the Company, GrowMax committed to certain spending amounts and production levels within a maximum term of three years, from the date of execution. Following direct consultation with the applicable Peruvian entities, in January 2017, the Company formalized its request for an extension and modification of its commitments and obligations under the Transfer Agreement. GrowMax is pleased to announce that on May 16, 2017, a two-year extension (the "Extension") for its commitments and obligations prior to the start of production, pursuant to the Transfer Agreement, has been approved. The Extension will be in effect for a period of two years from the date of execution and includes amendments to the original commitments, including: GrowMax is focused on working towards reaching these commitments and moving forward on the Bayovar Project. Recent flotation tests conducted at the Saskatchewan Research Council (SRC) using pond samples of Kainite and Carnallite obtained from pilot pond operations at our Bayovar Property have confirmed the theoretical viability of producing SOP from these products, as envisioned for the Company's 5,000 tonnes per year SOP pilot project (the "Project") that was summarized in the Company's press release of February 6, 2017 (GrowMax Announces Results of Sulfate of Potash Study). Preliminary permits have been received and an application will be submitted imminently for a semi-detailed Environmental Impact Assessment (EIA ), approval of which would allow the Company to commence construction of the Project. The Company is now in the process of reviewing options to commence detailed engineering designs and tendering of construction contracts. As per prior updates, the Company is targeting commencement of construction of evaporation ponds prior to year-end 2017. In recent months, the Company has been working with the local community (the "Community") and the Communal Foundation of San Martin de Sechura (the "Foundation") to reach an agreement that will both aid the Community as well as create support for GrowMax's projects in the Bayovar area. On April 28, 2017, the Company, the Community and the Foundation executed an agreement that grants Community members free access to surface water, and excludes the use of surface water from the local La Nina lagoon and the existing Yerba Blanca well in the Company's mining activities. In return, the Community and the Foundation agree to support the Company in carrying out all necessary activities to progress its projects without delay. GrowMax also announces that it has retained the services of Renmark Financial Communications Inc. ("Renmark") to handle its investor relations activities. In consideration of the investor relations services to be provided, GrowMax will pay Renmark cash consideration of up to $8,000 CDN per month commencing June 1, 2017 for an initial six month period ending on November 30, 2017. Investor relations services may be provided thereafter on a month to month basis upon mutual agreement of GrowMax and Renmark. Renmark does not have any interest, directly or indirectly, in GrowMax or its securities, or any right or intent to acquire such an interest. "GrowMax is very pleased to announce these agreements and the progress of its SOP pilot project in Peru. We have secured our key asset not only with this Extension, allowing us to develop the SOP pilot project, but also through the agreement with the Community enabling us to continue working in a sustainable manner with our local partners. The relationships with the Community and our partners are critical to the development of this Project. We are also very pleased that the SRC testing has confirmed the viability of the SOP process for our Project. We now look forward to advancing our projects and being able to better communicate our strategies and progress through improved investor outreach and communications thanks to our new relationship with Renmark. We at GrowMax continue to work to deliver value to our shareholders and partners, and look forward to another year of progress," commented Stephen Keith, President of GrowMax. GrowMax Resources Corp. is a publicly listed Canadian company (Ticker GRO on TSX-V) focused on exploration and development of phosphate and potassium-rich brine resources on its Bayovar Property, which is located in the Sechura Desert in northwestern Peru. The Company's vision is to become a leading producer of phosphate and potash fertilizer products in Peru. GrowMax owns approximately 92% of GrowMax Agri Corp., a private company that owns 100% of the Bayovar Property, which currently covers approximately 227,000 gross acres. The Indian Farmers Fertiliser Co-operative Limited (IFFCO) and its affiliates own approximately 8% of GrowMax Agri Corp. Certain statements contained in this press release may constitute "forward-looking information" as such term is used in applicable Canadian and US securities laws. Any information or statements contained herein that express or involve discussions with respect to predictions, expectations, plans, projections, objectives, assumptions or future events should be viewed as forward-looking information. Such forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different than those results, performance or achievements expressed or implied by such forward-looking information. In particular, statements (express or implied) contained herein regarding the following should be considered as forward-looking information: the achievement of the Company's commitments and moving forward on the Bayovar Project, the viability of producing SOP, the Company's 5,000 tonnes per year SOP pilot project, the application for a semi-detailed Environmental Impact Assessment and timing thereof, the commencement of construction and timing thereof, the commencement of detailed engineering designs and tendering of construction contracts, the support of the Community and the Foundation, the progression of the projects without delay, the development of the SOP pilot project, the Company working in a sustainable manner with its local partners, advancing our projects, the communication of our strategies and progress, and delivering of value to our shareholders and partners. The Company cautions that it has not completed any feasibility studies on its potash project at Bayovar, and no mineral reserve or mineral resource estimates have been established for SOP on the Bayovar Property. Accordingly, the economic viability of the Bayovar potash project has not been established. For additional information, please refer to the news release entitled "GrowMax Announces Results of Sulfate of Potash Study" dated February 6, 2017. There is a risk that the Company will not acquire the necessary "social licence" to develop its assets and may not be able to enforce its existing contractual rights. Forward-looking information and statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking information or statements should these beliefs, estimates and opinions or other circumstances change, except as required by applicable law. Neither 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.


TPD2 mandates a wide-reaching set of measures for products and packaging, including large pictorial health warnings that take up the majority of the pack surface - dramatically reducing the space available for product information to consumers and brand designs. Many pack formats have also been banned under the false pretext that this will drive smoking levels lower. This includes the prohibition of smaller cigarette packs and pouch sizes, which is likely to backfire badly by forcing consumers to buy larger formats and therefore spend more money. The Directive will also outlaw menthol cigarettes from 2020. "TPD2 is a hugely complex, burdensome and restrictive piece of legislation. To top it off, some EU countries were encouraged to go above and beyond TPD2 requirements by introducing even more outlandish measures such as plain packaging," adds Ben Townsend. "As a result, consumers will come across different regulations for the same product in different countries, which makes a mockery of the European Commission's original aim to improve the functioning of the internal market." The Commission's initial Impact Assessment stated that TPD2 would create a 2% drop in consumption over five years (2021) - but it had to acknowledge that this figure was just 'a best effort estimation'. "TPD2 is an attack on legitimate businesses and adult consumers' freedom of choice. Even the President of the Commission recently said that they are wrong in over-regulating and that one of the reasons citizens are stepping away from the European project is that EU law-makers are interfering in too many domains of their private lives. It's time for Brussels bureaucrats to listen; they must be held accountable when the review of the Directive is published in 2021," concludes Ben Townsend. JTI (Japan Tobacco International) is a leading international tobacco company with operations in more than 120 countries. It is the global owner of both Winston, the number two cigarette brand in the world, and Camel outside the USA and has the largest share in sales for both brands. Other global brands include Mevius, LD and Natural American Spirit. With its internationally recognized brand Logic, JTI is also a major player in the e-cigarette market and has, since 2011, been present in the heated tobacco category with Ploom. Headquartered in Geneva, Switzerland, JTI employs more than 26,500 people and was awarded Global Top Employer for three consecutive years. Its core revenue in the fiscal year ended December 31, 2016, was USD 10.5 billion. JTI is a member of the Japan Tobacco Group of Companies. For more information, visit http://www.jti.com.


News Article | May 16, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2017) - Alio Gold Inc (TSX:ALO) (NYSE MKT:ALO) ("Alio Gold" or the "Company"), formerly Timmins Gold Corp., will officially begin trading today under its new ticker "ALO" on both the TSX and the NYSE MKT. The Company is pleased to announce the results of a Pre-Feasibility Study ("PFS") on its Ana Paula Project ("Ana Paula" or the "Project"). Ana Paula is Alio Gold's 100% owned high-grade, open pit gold project located on the highly prospective Guerrero Gold Belt in Mexico. All figures are in US dollars unless otherwise stated. An NI 43-101 technical report will be filed on SEDAR and will be available on the Company's website within 45 days. Commenting on the PFS, Chief Executive Officer Greg McCunn said, "The Ana Paula Project has been significantly de-risked over the past six months with infill drilling now supporting a robust Mineral Resource Estimate, metallurgical test work defining an improved process design, capital and operating costs estimated to a high standard and our Environmental Impact Assessment approved by the regulators. The PFS has confirmed the project economics are very robust and we expect to continue moving the project forward to an investment decision in Q2 2018." The updated Mineral Resource Estimate (MRE) was developed by AGP Mining Consultants of Toronto (AGP). In order to support the MRE, the Company completed over 10,000 metres of infill drilling in the latter part of 2016 and early 2017. In addition, previous drill core (approximately 49,500 meters) was re-logged in order to develop a more robust geological model. Mineralization occurs in the complex breccia, granodiorite, monolithic breccia, hornfels and limestone-shale. The bulk of the high grade mineralization at Ana Paula is centered on the complex breccia domain which is surrounded by a high-grade mineralized halo, mainly granodiorite. The MRE was based on a gold price of $1,350/oz and is shown in the following table. The Mineral Resource was split into two distinct areas: (1) the material located within a resource constraining shell, which was used as a basis for the PFS mine plan and the subsequent estimate of Mineral Reserves; and (2) the material located below the resource constraining shell that is considered to have a reasonable expectation of being mined economically from an underground mining operation. Although the PFS does not envision an underground mine, the Mineral Resource is an indication of the exploration potential below the PFS pit. The Company is currently applying for permits to construct an underground decline approximately 1,200 metres into the underground resource area sufficient to map the mineralization, establish drill stations for infill drilling and collect bulk samples. Drilling to this depth from surface is difficult due to the topography. Mineral Reserves are estimated at $1,200/oz gold and are shown below: A detailed mine plan was engineered using only open pit Measured & Indicated Resources. Metal prices of $1,200/oz for gold and $16/oz for silver was used for the design. Geotechnical drilling was carried out by Knight Piésold to determine the pit slopes for the design and the results supplied to AGP. There are six different geotechnical sectors in the mine design with overall slope angles varying between 48.7 to 51.3 degrees. Mining operations will be carried out by a contract mining company using 55 tonne haul trucks. Mining will be done using 6 meter high benches. Overall production of ore from the pit is limited to 5,000 tonnes per day by the geometry of the pit (maximum sinking rate). The annual mine plan is shown in the table below. In the pre-production period, 7.22 Mt of waste is expected to be pre-stripped during which time approximately 0.45 Mt of ore will be stockpiled. The average haul distances during the life of mine are 1.7km for ore and 1.5km for waste. Metallurgical test work was carried out at Blue Coast Research in Parksville, BC to develop the process design. The flowsheet is shown in the figure below which was designed around the used mill that was purchased by the Company in 2015 and is currently in storage awaiting the start of construction. To view the figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/1094802fig.pdf Ore is fed to the crushing circuit at a rate of 5,000 tpd and ground to a p80 of 160µm in a Semi-Autogenous Grinding (SAG) - Ball Mill combination. Mill discharge is processed through gravity concentrators where 20% of the gold is recovered in a concentrate and sent directly to an Intensive Leach Reactor (ILR) for doré recovery. The gravity tailings is subjected to rougher flotation where 20% of the mass is pulled into a flotation concentrate, recovering approximately 95% of the gold. The flotation concentrate is reground to a p80 of 25 µm and fed into a pre-oxidation circuit where oxygen is sparged into agitated tanks with a 24-48 hour retention time. Neutralization reagent is added to maintain the pH above 7.0 in the tanks. Following oxidation, the pH is further adjusted for gold leaching with cyanide in a Carbon-in-Leach (CIL) circuit followed by elution. Total gold recovery is assumed at 85%, although test work has shown potential for increased recoveries through process optimization. Gold production over the life of mine is expected to be 868,000 ounces or about 116,285 ounces per year. Knight Piésold provided tailing storage facility (TSF) and waste rock facility designs for the PFS. The TSF is a conventional zoned earth dam with four stages of build (the starter dam plus three expansions during the mine life). Power is supplied to the project from an 115kV high tension line that transects the site approximately 2.5km from the processing plant site. Power consumption averages 9.7 MW per year at an estimated cost of $0.08/kWh. Access to the property will be via an existing 70km pre-existing asphalt road. There is approximately 23km of the road which will require widening and upgrading to support operations and construction activity. The site is estimated to have a negative water balance and water will be collected and stored from precipitation to supply the bulk of the water requirements for the operations. M3 Engineering of Tucson, Arizona were engaged by the Company to compile the PFS, including estimation of the capital and operating costs. The capital cost estimate was completed by obtaining budgetary quotations for major equipment not already owned by the Company. Installation costs were based on M3's experience building mines in Guerrero State. The estimate is considered a Class 3 estimate which implies a level of accuracy of -10% to +30%. The capital cost estimate is shown in the table below. Operating costs were estimated by M3 Engineering for the ore processing and site General & Administration. Operating costs are shown in the following table for the ore processing and site G&A costs were estimated to be $4.6 million per year. Mining costs were estimated from contractor mining quotations received for mining costs (using the completed mine plan and associated detailed haulage profiles), and by Alio's experience with contract mining at the San Francisco operations. Over the life of mine, the assumed mining cost averaged $2.17/t mined for ore and waste. The total site costs translate into a cash cost per ounce of gold produced of $485/oz. A cash flow model based on the mine plan and projected capital and operating costs was constructed. Allowances were made for both corporate tax (30% tax rate) and royalties (7.5% EBITDA mining royalty in Mexico and a 2% NSR royalty owing to Goldcorp). The after-tax free cash flow from the project has a net present value (5% discount) of $223 million. The internal rate of return on after tax cash flow is 34%. The cash flow model assumed a gold price of $1,250/oz. The project economics are most sensitive to a change in the price of gold and a sensitivity table is shown below. In early April 2017, the Company received authorization of the Environmental Impact Assessment (MIA) for the Project. The regulator (SEMARNAT) has outlined the environmental protection programs required during construction of the project which are normal and in-line with expectations. Following the acceptance of the MIA, the Company has made its first application for the Change of Land Use Permits which are the final permits required for the construction of the mine. The Company expects to make multiple applications for the Change of Land Use as it continues to acquire land for Project use. Following the positive outcome of the PFS, the Company has approved the start of a Definitive Feasibility Study which will commence in July and take approximately 9 months to complete. The Company is targeting an investment decision in Q2 2018 and the project is expected to take 16 to 18 months to construct. The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. Duplicates, standards and blanks were inserted into the sampling stream at intervals of 20 samples. The sampling of, and assay data from, drill core is monitored through the implementation of a quality assurance / quality control (QA-QC) program designed to follow industry best practice. Drill core (HQ size) samples are selected by the Company's geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals vary from 1 to 1.5 m in length or longer in waste rocks. Samples are prepared at the ALS Lab facilities in Guadalajara and analyzed using a standard fire assay with a 50 gram pulp and Atomic Absorption (AA) finish at the ALS lab in Vancouver, Canada. Any samples assaying >10.0g/t Au are automatically re-analyzed using a Gravimetric finish. Check assays were sent to each lab and were cross referenced and results verified. The QA/QC program is overseen by Miguel Soto, Vice President of Exploration for Alio Gold. The Company follows strict QA/QC protocol measures in keeping with industry standards and regulatory reporting requirements. The scientific and technical data contained in this news release pertaining to the Ana Paula Project has been reviewed and approved by the following Qualified Persons under NI 43-101 who consent to the inclusion of their names in this release: Pierre Desautels, P.Geo, of AGP Mining Consultants (Resources); Gordon Zurowski, P.Eng, of AGP Mining Consultants (Reserves, Mine planning); Andrew Kelly, P.Eng, of Blue Coast Research (Metallurgical Process Design); Art Ibrado, P.E., of M3 Engineering (Metallurgical Process Design); Gilberto Dominguez, P.E., of Knight-Piésold (Waste, Tailings); Jim Cremeens, P.E., P.G., of Knight Piésold (Pit stability); Daniel H. Neff, P.E., of M3 Engineering (Infrastructure, Costs); each of whom is independent of the Company; and Taj Singh, P.Eng. of Alio Gold. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the New York Stock Exchange MKT accepts responsibility for the adequacy or accuracy of this news release. Certain statements contained herein may constitute forward-looking statements and are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements which relate to future events including: estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results. Cautionary Note to US Investors Regarding Mineral Reporting Standards: Alio Gold has prepared its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of US securities laws. Terms relating to mineral resources in this press release are defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange Commission (the "SEC") 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. Alio Gold uses certain terms, such as, "measured mineral resources", "indicated mineral resources", "inferred mineral resources" and "probable mineral reserves", that the SEC does not recognize (these terms may be used in this press release and are included in the public filings of Alio Gold which have been filed with securities commissions or similar authorities in Canada).


LONDON, UNITED KINGDOM--(Marketwired - May 19, 2017) - Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) ('Horizonte' or 'the Company') the nickel development company focussed in Brazil, is pleased to provide an update on the significant advancements the sustainability team has made towards the Installation Licence ('LI') submission for its 100% owned Araguaia Nickel Project ('Araguaia' or 'the Project') which is being developed as the next major nickel project in Brazil. Horizonte CEO, Jeremy Martin said, "Horizonte is taking the appropriate steps to ensure it builds a resilient long term nickel business and that it plays a positive wider role in the Araguaia region. By drawing on the experience and talent of our team, we are implementing quality procedures during this development stage of the Project to provide a strong operational platform as we move towards the construction stage. The community continues to demonstrate a strong interest in the Project's progress, which is perceived as a key social and economic driver in a region where the average wage is low. "I look forward to providing an update on the further progressions towards the Installation Licence in due course." About the Project and Sustainability Activities Araguaia, which is 100% owned by Horizonte, is located on the eastern margin of the State of Pará, north-eastern Brazil, to the north of the town of Conceição do Araguaia (population of 46,206), south of the main Carajás Mining District. The Project has good regional infrastructure including a network of Federal highways and roads, with access to low tariff hydro-electric power. The Company is focused on delivering a 14,500 tonnes per annum nickel operation and anticipates a life of mine of 28 years. With this in mind the objective of the sustainability programme is to lay the foundations for a robust, long-term nickel mine. Specifically, the team aims to integrate the Vale dos Sonhos deposit into the advanced permitting schedule; obtain the Installation Licence and progress all other permits/licences which enable the Company to commence construction. The Brazilian mine permitting process with environmental agencies has three key stages: 1. The preliminary licence ('LP'), which confirms government approval for the viability of the project; 2. The LI, which permits the start of construction; 3. Finally the licence to operate (LO) awarded after construction is complete. The LP for Araguaia was approved in May 2016 with consideration of the terms set out in the Company's Social & Environmental Impact Assessment, and conditions outlined by the State Environmental Agency. Once the LI is awarded in parallel with the mining concession, construction may start. The Company is pleased to report that its safety track record during the Project's development to date, is good with no lost time hours. In terms of its sustainability team, the Company has hired new specialists in environmental and social disciplines. They bring a wealth of experience to the Project, including involvement in both Vale's Onca Puma nickel mine and Anglo American's Barro Alto and Codemin nickel mine. Local interns from State training and university institutions have also commenced work at the Project. Additionally, the team has been bolstered with regional experts from the Pará State, including fauna & flora specialists hired through the Emilio Goeldi Museum of Belém, a research institution linked to the Brazilian Ministry of Science, Technology and Innovation. The institution also plays an important educational role in the country through the dissemination of knowledge and research of regional flora and fauna. An environmental team including biologists from Pará State are on site for a 25-day work programme to complement flora collections previously undertaken in the region. The flora team will also conduct the inventory for flora suppression required to commence mine and plant construction. New fauna inventories are expected to commence in June/July 2017. In parallel the socio-economic team conducted numerous community presentations throughout 2017 in rural areas where the deposits are located. Consultants have also met with Para's Federal University to commence studies on possible uses of Araguaia's slag product. Air and gas monitoring has been collated over a 12-month period. Finally, a catchment-scale model has been created by Environmental Resources Management ('ERM') hydrology specialists in the United Kingdom in conjunction with Horizonte and ERM teams in Brazil. ERM is one of the leading independent environment and social consultants in the world and is highly experienced in preparing key environmental permits for mines in Brazil. This includes environmental impact assessments, environmental control plans and studies to support permits for large-scale projects. ERM supports the development and financing of hundreds of major projects around the globe every year and helps projects meet international environmental and social standards, including those of the IFC, the World Bank, Equator Principles, and the Inter-American Development Bank (IDB) amongst others. Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil, which wholly owns the advanced Araguaia nickel laterite project located to the south of the Carajás mineral district of northern Brazil. The Company is developing Araguaia as the next major nickel mine in Brazil, with targeted production by 2019. The Project has good infrastructure in place including rail, road, water and power. Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.


News Article | May 23, 2017
Site: motherboard.vice.com

Government malware can be seriously powerful tech. Not only do some agencies take advantage of so-called zero day exploits to remotely gain access to a target's device, but the breadth of data malware can obtain from a target device is so rich that it can infringe the privacy of people not suspected of a crime at all—emails, texts, and online messages typically involve more than one person. Regardless, the Drug Enforcement Administration did not carry out a Privacy Impact Assessment—a process which is typically designed to understand and minimize the privacy risks with a particular system or technology—when it bought and ultimately used malware from Italian surveillance company Hacking Team. Privacy experts say the news is consistent with the DEA's repeated failure to complete such assessments around the agency's surveillance operations. In a Freedom of Information request, Motherboard asked the DEA for all Privacy Impact Assessments (PIAs) the DEA has conducted in relation to the Hacking Team's malware, known as Remote Control System (RCS). Motherboard also requested other related files, such as all Privacy Threshold Analysis (PTA) documents and Initial Privacy Assessments (IPAs). However, the DEA did not have any. "As a result of our query, we are unable to locate any records responsive to your request," the response reads. A DEA spokesperson confirmed that the agency did not complete a PIA. Once deployed on a target's iOS, Android or desktop device, RCS is capable of capturing web browsing histories, keystrokes, Skype conversations, and much more. A 2015 Motherboard investigation found that the DEA had bought RCS, and a subsequent Freedom of Information request filed by Motherboard found that the DEA had also been invoiced for access to Hacking Team's selection of zero-day exploits. Many parts of the Department of Justice conduct and publish PIAs, such as the Bureau of Alcohol Tobacco, Firearms and Explosives, and the US Marshals Service. The DEA has some too, including for its system for logging pharmacies who order controlled substances, but it also decides not to complete others for different technologies and programs. Jeramie D. Scott from the Electronic Privacy Information Center (EPIC) pointed to an April letter the organization sent to Congress urging a committee to scrutinize the DEA's compliance with PIAs. In that letter, EPIC highlights that the DEA did not conduct a PIA for its use of the controversial Hemisphere program, in which agents can access AT&T call records without a warrant. EPIC also found through a Freedom of Information Act lawsuit that the DEA had not completed a PIA for the agency's license plate reader database. According to the DEA spokesperson, the agency did not carry out a PIA for RCS because the agency does not produce them for commercial software products. "The lack of privacy assessments for commercial products like the RCS spyware demonstrates that we need stronger oversight, accountability, and transparency requirements," Scott told Motherboard in an email. "The DEA engages in surveillance programs that raise serious privacy and civil liberties issues and the lack of transparency surrounding these programs and the technology the agency uses is troubling and undermines public confidence. All surveillance technology and programs should be subject to a privacy and civil liberties assessment," Scott added. Ultimately, the DEA cancelled its contract with Hacking Team, and, as it turns out, did not use the malware all that much. According to a letter the DEA sent to US Senator Chuck Grassley, the agency deployed RCS on 17 foreign-based drug traffickers and money launderers.


News Article | May 29, 2017
Site: www.prnewswire.co.uk

We, the undersigned CEOs of the European steel industry, are writing to you ahead of the final negotiations on the reform of the EU Emissions Trading System (EU ETS). We agree that climate change is a critical issue that urgently needs to be addressed at international level, and we fully support efforts to reduce CO emissions cost effectively across the whole EU economy. In the weeks ahead, you will have the final opportunity to shape an EU ETS that better addresses these objectives while preserving Europe's steel industry and the millions of employees it supports. You can avoid burdening the sector with high costs that will constrict investment, or that will increase the risk of job losses and plant closures in the EU. The steel sector pulls its weight in lowering CO emissions. However, with technically unachievable steel benchmarks, the EU ETS legislation creates high carbon costs for even the best performing steel plants, despite the fact that the sector has been unambiguously recognised in the European Commission's own Impact Assessment as being at very high risk of carbon leakage. In its current form, the EU ETS favours steel imports from third country competitors that do not have such costs and which have a far higher carbon footprint than steel made in the EU. Were the EU ETS directive to be adopted without some of the improvements requested by the European Parliament there would be a shortage of emissions allowances for our industry of around 35% by 2030. There will be no spare allowances from previous years available to alleviate the impact of the post 2020 period in the steel industry. In addition, the sector would be even more exposed to the carbon cost pass-through in electricity prices. Other industry sectors under the EU ETS do not face these constraints to the same degree. We therefore call upon you to help preserve the sustainability and global competitiveness of the European steel industry. Europe must be able to produce the innovative steels that underpin modern society - and that help reduce CO emissions. It is essential that the improvements that have been agreed by the European Parliament on waste gases, auctioning share, cross sectoral-correction factor and indirect costs are also adopted by the Council. This will help to ensure reform that encourages climate protection and the fulfilment of the EU's CO reduction commitments, while also limiting the impact upon the European steel industry's competitiveness, ability to innovate and the jobs it supports.


News Article | May 29, 2017
Site: www.prnewswire.com

We, the undersigned CEOs of the European steel industry, are writing to you ahead of the final negotiations on the reform of the EU Emissions Trading System (EU ETS). We agree that climate change is a critical issue that urgently needs to be addressed at international level, and we fully support efforts to reduce CO emissions cost effectively across the whole EU economy. In the weeks ahead, you will have the final opportunity to shape an EU ETS that better addresses these objectives while preserving Europe's steel industry and the millions of employees it supports. You can avoid burdening the sector with high costs that will constrict investment, or that will increase the risk of job losses and plant closures in the EU. The steel sector pulls its weight in lowering CO emissions. However, with technically unachievable steel benchmarks, the EU ETS legislation creates high carbon costs for even the best performing steel plants, despite the fact that the sector has been unambiguously recognised in the European Commission's own Impact Assessment as being at very high risk of carbon leakage. In its current form, the EU ETS favours steel imports from third country competitors that do not have such costs and which have a far higher carbon footprint than steel made in the EU. Were the EU ETS directive to be adopted without some of the improvements requested by the European Parliament there would be a shortage of emissions allowances for our industry of around 35% by 2030. There will be no spare allowances from previous years available to alleviate the impact of the post 2020 period in the steel industry. In addition, the sector would be even more exposed to the carbon cost pass-through in electricity prices. Other industry sectors under the EU ETS do not face these constraints to the same degree. We therefore call upon you to help preserve the sustainability and global competitiveness of the European steel industry. Europe must be able to produce the innovative steels that underpin modern society - and that help reduce CO emissions. It is essential that the improvements that have been agreed by the European Parliament on waste gases, auctioning share, cross sectoral-correction factor and indirect costs are also adopted by the Council. This will help to ensure reform that encourages climate protection and the fulfilment of the EU's CO reduction commitments, while also limiting the impact upon the European steel industry's competitiveness, ability to innovate and the jobs it supports.

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