Leading Mining Companies Making Technological Advancements: Paradigm, Alcoa, Vale, Goldcorp, Yamana Gold and Newmont Mining
CORAL SPRINGS, Florida, December 9, 2013 /PRNewswire/ --
Market news and updates for mining companies making strides to maximize resources: Paradigm Resource Management Corporation (OTCQB: PRDC), Alcoa Inc. (NYSE: AA), Vale S.A. (NYSE: VALE), Goldcorp Inc. (NYSE: GG), Yamana Gold Inc. (NYSE: AUY) and Newmont Mining Corp. (NYSE: NEM)
Paradigm Resource Management Corporation (OTCQB: PRDC) announced that it signed an Amendment to the original Acquisition Agreement, filed on July 24th, 2013, which now enables Paradigm the option to control Toss Plasma Technologies Ltd. ("TPT"). TPT utilizes Radio Frequency (RF) Plasma technology to improve precious metals yields in the extraction process from complex ores. In addition to cost effectively increasing efficiencies and yields; the process is more environmentally friendly then current industry standards.
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Ted Ozaki, Paradigm's CEO noted "Since our initial transaction in July 2013, we have experienced an astonishing level of interest from a wide range of mining companies, as such our ability to gain controlling ownership in TPT was an major accomplishment advancing the Company's business model. Paradigm is now positioned to become a pioneer with a game changing technology capable of extracting precious metals from complex mining ores that are commonly found in many different locations world-wide, this improves the Company's ability to attract new potential institutional and individual investors."
Alcoa Inc. (NYSE: AA) engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment engages in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Global Rolled Products segment engages in the production and sale of aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions, as well as hard alloy extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa closed up .11% on Friday afternoon on over 16.8 million shares traded.
Vale S.A. (NYSE: VALE) engages in the research, production, and marketing of iron ore and pellets, nickel, fertilizers, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment engages in the extraction of iron ore and pellet production, as well as operation of transport systems in Brazil, including railroads, ports, and terminals related to mining operations. This segment is also involved in the production of manganese and ferroalloys; and mining of coal. The company's Base Metals segment produces non-ferrous minerals, including nickel and copper; and aluminum products. Vale S.A.'s Fertilizers segment provides potash, phosphates, and nitrogen. The company's Logistic Services segment offers cargo transportation services, such as rail transport, port, and shipping services for third parties. In addition, Vale S.A. generates energy through hydroelectric plants and centers in Brazil, Canada, and Indonesia; and has a natural gas exploration portfolio of 18 blocks in 4 petroleum basins in Brazil. Vale closed up .99% on Friday afternoon on over 12.3 million shares traded.
Goldcorp Inc. (NYSE: GG) is pleased to declare its twelfth monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, December 12, 2013 will be entitled to receive payment of this dividend on Friday, December 20, 2013. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Yamana Gold Inc. (NYSE: AUY) engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company's property portfolio includes seven operating gold mines, including Chapada mine, Jacobina mining complex, and Fazenda Brasileiro mine in Brazil; El Peñón mine and Minera Florida mine in Chile; Gualcamayo mine in Argentina; and Mercedes mine in Mexico. It also has a 12.5% indirect interest in the Alumbrera copper/gold/molybdenum mine in Argentina, as well as holds interests in various advanced and near development stage projects and exploration properties in Brazil, Chile, Argentina, and Mexico.
Newmont Mining Corp. (NYSE: NEM) recently announced the signing of a Stock Purchase Agreement (the "Agreement") under which Klondex Mines Ltd. (KDX.TO) ("Klondex") will acquire Newmont's Midas underground operation and mill complex in Nevada for total consideration in excess of $83 million. "We are pleased to have reached agreement with Klondex for the sale of Midas and believe they are well positioned to continue safely and successfully operating the mine," said Randy Engel, Newmont's Executive Vice President, Strategic Development. "This agreement underscores our ongoing commitment to optimizing our portfolio, as we continue to focus on our longer-life and lower cost core assets."
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