Global Hunter (GBLHF.PK)
Molybdenum is used in alloys to make the metal stronger and more heat-resistant. Molybdenum’s extremely high melting temperature makes it a valuable additive to steel alloys. Adding molybdenum makes steel stronger and more heat resistant. Steels that utilize molybdenum occur in objects such as light bulb filaments and rifle barrels. The steel industry uses 75 percent of the molybdenum mined from the earth.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information http://www.globalhunter.ca/homeabout.html
Cliffs Natural Resources Inc. (NYSE:CLF) announced that the Company’s Board of Directors has approved a plan to seek a potential sale and to idle operations at its renewaFUEL biomass production facility in Michigan. Cliffs indicated that the financial impact of the decision is estimated to be an approximately $30 million primarily non-cash, pretax charge in the third quarter of 2011.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore pellets, lump and fines iron ore, and metallurgical coal products.
Alaska Air Group, Inc. (NYSE:ALK) reported September operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basisAlaska reported a 10.4 percent increase in traffic on a 7.2 percent increase in capacity compared to September 2010. This resulted in a 2.4-point increase in load factor to a September record of 83.9 percent. Alaska also reported 91.7 percent of its flights arrived on time, a September record compared to the 90.5 percent reported in September 2010.
Alaska Air Group, Inc., through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., operates as an airline company serving destinations in the western United States, Canada, and Mexico.
Diamond Offshore Drilling Inc. (NYSE:DO) announced that it will issue a press release and host a conference call and webcast related to its third quarter 2011 operating results on Thursday, October 20, 2011. The conference call and webcast will include a discussion by management regarding the Company’s results of operation as well as an operating overview. The call will begin at 9:00 a.m. CDT.
Diamond Offshore provides contract drilling services to the energy industry around the globe and is a leader in deepwater drilling.
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