Metals News - Statement of Kurt Waltzer, Clean Air Task Force, on Carbon Storage Tax Credits

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Conway Resources Files Amended Management Information Circular - 3 Hours At the request of the Autorite des marches financiers, Conway Resources Inc. has filed today an amended Management Information Circular on SEDAR in order to comply with Form 51-102F6 Statement of Executive Compensation under Regulation 51-102 respecting continuous...
Northgate Minerals Receives Board Approval for Development of the Young-Davidson Mine - 4 Hours All figures in US dollars except where noted) Northgate Minerals Corporation is pleased to announce that its Board of Directors has given formal approval to proceed with development of the Young-Davidson mine near the town of Matachewan, Ontario.
Vaaldiam Receives Interim Order for Transaction With Tiomin and Provides Update Regarding Previously Announced Unsolicited Take-Over Bid - 5 Hours Vaaldiam Resources Ltd. announced today that it obtained an interim order from the Ontario Superior Court of Justice with respect to Vaaldiam's previously-announced Plan of Arrangement with Tiomin Resources Inc. .
Gold Reach Resources Ltd. Undertakes Airborne Geophysical Survey on its Auro Property - 5 Hours Gold Reach Resources Ltd. is pleased to announce it has commenced the 1598 line kilometer airborne geophysical survey on its Auro Property which is directly adjacent to Richfield Ventures 'Blackwater' Bulk Gold Target.
Star Uranium reports results of year end drilling program - 6 Hours Star Uranium Corp. - Star Uranium Corp. announced today the results of its two well drilling program.
Imperial Metals LLC Launches New Company Website - 6 Hours Imperial Metals LLC announces the launch of its new corporate website at ImperialMetalsLLC.com. The website contains information about precious metals, the marketplace, and the company.
Rare Element Reports Additional 2009 Rare-Earths Drilling Results - 7 Hours Assay results from ten drill holes, all with rare-earth mineralization, - Drill-hole RES 09-17 - 171 ft aggregate true thickness @ 5.57% REO, - Including 36.5 ft @ 10.88% REO, - Drill-hole RES 09-18 - 69.8 ft aggregate true thickness @ 5.97% REO, - Including 27.3 ft @...
Royal Roads Announces Change in Board of Directors - 7 Hours TSX-V Shares Outstanding: 112,127,490 Resources Corporation, resigned as a director and as executive chairman of the Corporation.
Acadian Mining announces change in board of directors - 7 Hours Acadian Mining Corporation announced that, effective February 5, 2010, Joseph Gutnick, President and CEO of Legend International Holdings, Inc. and Resources Corporation, resigned as a director and as executive chairman of the Corporation.
DOT Intersects Higher Grade Copper-Gold Mineralization - 7 Hours DOT Resources Ltd. is pleased to announce the results of 7 of 15 diamond drill holes from its recently completed diamond drilling program on its 100% owned Dot porphyry copper property located 17 kilometres south of the Highland Valley Mining District, in central British...

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Recent News


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Statement of Kurt Waltzer, Clean Air Task Force, on Carbon Storage Tax Credits

COLUMBUS, Ohio--(BUSINESS WIRE)--“The Clean Air Task Force applauds the passage by Congress of a tax incentive package to promote carbon capture and storage (CCS).

CCS is a method of capturing global warming CO2 emissions from coal plants and other industrial sources. CCS prevents the release of CO2 to the atmosphere by storing it in deep geologic formations like depleted oil fields or deep saline formations. The tax incentives were included in the credit market bail out bill.

These incentives are an important first step in promoting carbon capture and storage as a tool to fight global warming.

The incentives are designed to drive early commercial CCS projects forward. Possible projects that could benefit include coal gasification and power production CCS projects in the Midwest as well as a pipeline from the Midwest to the Gulf Coast for enhanced oil recovery.

The credit market bailout package passed by Congress included $2.5 billion in incentives for developing CCS. $1.4 billion provides an investment tax credit for CCS power projects that capture and store 65 percent of their carbon dioxide and gasification projects that capture 75 percent of their carbon dioxide.

An additional $1.1 billion in tax incentives will be available in the form of a $20 per ton tax credit for geologic carbon storage (GCS) and a $10 per ton tax credit for enhanced oil recovery (EOR), providing the CO2 comes from an industrial or power project that captures a minimum of half a million tons of CO2 per year.”

Kurt Waltzer is the Carbon Storage Development Coordinator, Coal Transition Project, Clean Air Task Force.

About the Clean Air Task Force

The Clean Air Task Force is a national environmental organization that is dedicated to restoring clean air through scientific research, public education, and legal advocacy. The Clean Air Task Force is comprised of twenty professionals with backgrounds in science, engineering, law, economics and public outreach headquartered in Boston, but located throughout the United States. CATF is recognized as one of the nation’s leading environmental organizations addressing air quality and atmospheric protection issues, and its work is widely respected in government and industry. For more information about the Clean Air Task Force, see http://www.catf.us/.

MetalsNews News


Adriana Announces Second Flow-Through Private Placement Closing and 2010 Program Toronto, Ontario - (MetalsNews, February 8, 2010) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V:ADI) has closed the second tranche of a non-brokered structured private placement by issuing 4,270,000 flow-through common shares at $0.89 per share (the "Second Closing") for gross proceeds of $3.8
Pacific Bay Minerals Reports Strong Rare Earth Element Assays Vancouver, BC - (MetalsNews, February 8, 2010) - Mr. David Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the "Company") states that soil and rock samples strongly anomalous in Rare Earth Elements (“REEs”) from the Company’s 100% owned Cueva del Chacho Property in La Rioja province, Argentina, with values up to 832 ppm Cerium and 338 ppm Lanthanum. A follow up program of sampling and mapping is planned for March 2010.
CAPITAL GOLD CORPORATION PRODUCTION RESULTS NEW YORK, NY - (MetalsNews, February 8, 2010) – Capital Gold Corporation (NYSE Amex: CGC; TSX: CGC;) John Brownlie, Capital Gold's President and CEO, said that gold production continues to increase at El Chanate. Brownlee reports "The installation of an additional crushing plant earlier this year has increased crushed ore production to the leach pads that, in turn, has resulted in a considerable increase in gold production for January,"
Brett Resources: Sawbill North Road Opens Vancouver, BC - (MetalsNews, February 8, 2010) - Brett Resources Inc. (TSX Venture Exchange -- BBR) (the "Company" or "Brett") reports that the Sawbill North road was officially opened on February 2, 2010. Approximately 26 kilometres in length, this road provides a shorter link between Brett's mineral properties in the Hammond Reef Area and the community of Atikokan. The road will also provide access for other resource related activities in the area.
SLAM INTERCEPTS MORE SILVER Miramichi, New Brunswick - (MetalsNews, February 8, 2010) - SLAM Exploration Ltd. (TSX-V:SXL) (“SLAM”) 7 additional diamond drill holes results on its Silverjack deposit in northern New Brunswick. These follow intercepts up 592 g/t silver (17.27 oz/ton) in the first 6 holes reported by press release January 11 and February 2. Five of the 7 additional holes intersected silver-copperlead- zinc sulphide mineralization.
TYHEE HAS STARTED DIAMOND DRILLING ON THE YELLOWKNIFE GOLD PROJECT, NWT CANADA VANCOUVER, British Columbia - (MetalsNews, February 4, 2010) - Tyhee Development Corp. (TSX Venture,TDC) has installed the winter road from Yellowknife to its Discovery Camp and is accessible for light trucks. This has enabled the Company to start drilling on the Clan Lake Main Zone
Consolidated Thompson Iron Mines Signs Rail Transportation MONTREAL, QUEBEC - (MetalsNews, February 3, 2010) - Consolidated Thompson Iron Mines Ltd. (TSX:CLM) ("CLM" or the "Company", or "Consolidated Thompson") has entered into a renewable 10-year rail transportation agreement with Arnaud Railway Company ("ARC"), a subsidiary of Wabush Mines, for the transportation of iron ore concentrate generated from the Bloom Lake iron ore project (the "Bloom Lake Project").
Largo Resources Mandates Banco Itau BBA S.A. as its Financial Advisor for the Development of the Maracas Vanadium Project, Bahia, Brazil TORONTO, Ontario - (Marketwire, Feburary 1, 2010)) - Largo Resources Ltd. (TSX VENTURE:LGO) ("Largo or the "Company") is pleased to announce that it has engaged Banco Itau BBA S.A. ("Itau BBA"), a subsidiary of Itau Unibanco Group and one of Brazil's leading investment banks, to act as its financial advisor to obtain financing for the development of its Maracas Vanadium Project in Bahia State, Brazil.
Galway Obtains Gold Concession in Surata, Columbia Toronto, Ontario - (MetalsNews, February 1, 2010) - Galway Resources Ltd. (GWY: TSX-V) i received a 100% interest in the Surata Gold Project in Colombia. Galway's Surata Gold Project is comprised of approximately 810 hectares granted by the Colombian Mining Institute (INGEOMINAS), and an application has been submitted for an additional 750 hectares. Granting of the additional claimed areas will be subject to the application process filed with INGEOMINAS.
Does Uranium North Have Gold Potential on KAM Property? Vancouver, BC. - (MetalsNews, Feb 1 2010) - Uranium North Resources Corp (UNR -- TSX-V) recovers gold grains from glacial till on its 100% owned KAM property in Nunavut. An anomalously high concentration of gold grains have been recovered from till collected over an underexplored volcanic rock unit.


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Why Tantalus Rare Earths? ... Wolfgang Hampel is Interviewed by Allen Alper Jr. and Aaron Hoos Investors dream of the day that they will hear about the next big opportunity BEFORE it becomes popular. Wistfully, they consider how different things would be if they had bought stock in Microsoft, Google, or Berkshire-Hathaway in the earliest days when those companies became publicly traded. Click here to continue...
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