Compa��a de Minas Buenaventura S.A.A. is Peru�s largest, publicly-traded precious metals company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold and silver and other metals via wholly owned mines as well as through its participation in joint exploration projects.
Southern Copper Corporation engages in mining, smelting, and refining mineral properties in Peru, Mexico, and Chile. It involves in the production of copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as refined silver and copper.
Compa��a de Minas Buenaventura S.A.A. (NYSE:BVN), Peru�s largest publicly-traded precious metals mining company, announced that Peru�s Energy and Mining Ministry granted the permits necessary to initiate metallurgical operations at Tantahuatay (Compa�ia Minera Coimolache S.A).
The Tantahuatay operation, which is managed by Buenaventura, is owned by three companies: Buenaventura with 40.09%, Southern Copper Corporation (NYSE:SCCO) with 44.24% and ESPRO, a private company, with 15.67%. Expected gold production at this project, which was completed in July, is estimated at approximately 100,000 ounces of gold per year.
Buenaventura�s Chairman & Chief Executive Officer, Mr. Roque Benavides, stated: �Buenaventura is pleased to receive the permission to initiate operations at the Tantahuatay Project. We have worked hard with the local communities and Peruvian authorities to develop an operation that will contribute to the sustainable development of the surrounding communities, while adding growth to Buenaventura�s future gold production.�
Buenaventura currently operates several mines in Peru (Orcopampa, La Zanja, Uchucchacua, Antapite, Julcani and Recuperada), has controlling interest in two mining companies (CEDIMIN and El Brocal), as well as a minority interest in several other mining companies in Peru. The Company owns 43.65% in Minera Yanacocha S.R.L. (a partnership with Newmont Mining Corporation), an important precious metal producer, and 19.26% in Sociedad Minera Cerro Verde, an important Peruvian copper producer.
More about SCCO at www.southerncoppercorp.com
More About BVVN At: http://www.buenaventura.com
Belo Corp. (NYSE:BLC) reported GAAP net earnings per share in the second quarter of 2011 of $0.17 compared to GAAP net earnings per share of $0.19 in the second quarter of 2010. The second quarter of 2010 included a credit of $2.6 million, net of taxes, from pension contribution reimbursements received from A. H. Belo Corporation (”A. H. Belo”) related to its then-existing obligation to reimburse Belo for 60 percent of any contributions Belo made to The G. B. Dealey Retirement Pension Plan (the “Pension Plan”). Excluding the credit, pro forma earnings per share in the second quarter of 2010 were $0.16 per share.
Belo Corp. operates as a television company. The company owns 20 television stations, including ABC, CBS, NBC, FOX, CW, and MyNetwork TV affiliates, as well as their associated Web sites in 15 markets across the United States.
Cleantech Transit, Inc. (CLNO)
The use of biomass energy has the potential to greatly reduce our greenhouse gas emissions. Biomass generates about the same amount of carbon dioxide as fossil fuels, but every time a new plant grows, carbon dioxide is actually removed from the atmosphere. The net emission of carbon dioxide will be zero as long as plants continue to be replenished for biomass energy purposes. These energy crops, such as fast-growing trees and grasses, are called biomass feedstocks. The use of biomass feedstocks can also help increase profits for the agricultural industry.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Western Alliance Bancorporation (NYSE:WAL) Chairman and CEO Robert Sarver announced that Dennis Rygwalski has been named Executive Vice President, Technology and Operations of the bank holding company. Rygwalski has over 23 years of experience in senior management in the banking and technology industries. “We are very pleased to have Dennis join our management team,” said Sarver. “Dennis has a strong track record in managing technology programs with two major regional banks. His experience in increasing operational efficiency as well as driving the creation of new systems will be important assets as we continue to grow in this fast-changing environment,” he added.
Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado.
Trina Solar Ltd. (NYSE:TSL) announced it will host a conference call at 8:00 a.m. ET on Tuesday, August 23, 2011, to discuss results for the quarter ended on June 30, 2011.
Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide.
Aircastle LTD (NYSE:AYR) reported second quarter 2011 net income of $23.3 million, or $0.30 per diluted common share, and adjusted net income of $20.6 million, or $0.27 per diluted common share.
Aircastle Limited, through its subsidiaries, engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo airlines worldwide.
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