Orofino Gold Corp. (ORFG.PK) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company is pleased to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp.
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company�s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company�s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director�s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wishes him well and success in future endeavors.
Global Hunter Corp. (TSX.V: BOB) (FSE:G5D) previously announced the results from the first 91.8 metres of core drilled in hole RS-D-08-123 averaging 0.070 percent molybdenum and 0.13 grams per tonne rhenium. The molybdenum grade is 8.3 percent higher than the grade from the same interval in twinned hole RS-D-80-56. None of the previous operators had analyzed for rhenium. The hole intersected porphyritic quartz monzonite with molybdenite bearing quartz veins and disseminated molybdenite from surface to 170.0 metres followed by a Thrust Fault to 193.0 metres and andesite to end of the hole at 212.9 metres.
Global Hunter�s focus is on strategic and base metals, particularly copper and molybdenum. The Company has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile. Their exploration and development teams are on the ground rapidly advancing the La Corona de Cobre property near La Serena, Chile and the Rabbit South property in British Columbia, Canada. Either one of these projects could carry the company forward on a stand-alone basis, but together they bring the company additional stability, strength and value.
For More Information Go To: www.globalhunter.ca
Duoyuan Global Water Inc. (NYSE:DGW) a leading China-based domestic water treatment equipment supplier, announced unaudited financial results for the third quarter of 2010.
Third Quarter 2010 Financial Highlights Revenue increased 35.1% to RMB344.7 million ($51.5 million(1)) from RMB255.2 million in the prior year period.Gross profit increased 25.7% to RMB158.8 million ($23.7 million) from RMB126.4 million in the prior year period. Gross margin was 46.1% compared to 49.5% in the prior year period. Diluted earnings per ADS were $0.55. Each ADS represents two of the Company�s ordinary shares.This press release contains translations of certain Renminbi amounts into US dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to US dollars for the quarter ended September 30, 2010, were made at a rate of RMB6.6905 to USD1.00, the noon buying rate in effect on September 30, 2010 in the City of New York for cable transfers in Renminbi per US dollar as certified for customs purposes by the Federal Reserve Bank of New York.
Oriental Financial Group Inc. (NYSE:OFG) announced on November 24, 2010 it has increased its regularly quarterly cash dividend per common share by 25%, to $0.05 per share, from $0.04 per share, for the fourth quarter ending December 31, 2010. The payable date is January 14, 2011, to holders of record on December 31, 2010, with an ex-dividend date of December 29, 2010. On an annualized basis, the dividend increases to $0.20 per share, from $0.16, and represents a 1.68% yield based on yesterday�s closing price of $11.88. �The dividend increase is a tangible recognition by the Board of the strong current positioning and improving outlook for Oriental as we grow our banking activities,� said Jos� Rafael Fern�ndez, Vice Chairman of the Board, President and Chief Executive Officer.
Oriental Financial Group Inc., a financial holding company, provides a range of financial services to mid and high net worth individuals, and families, including professionals and owners of small and mid-sized businesses primarily in Puerto Rico. It operates in three segments: Banking, Financial Services, and Treasury.
China North East Petroleum Holdings Limited (AMEX:NEP) announced on November 19, 2010 consolidated financial results for the third quarter ended September 30, 2010. Revenue for the third quarter of 2010 increased 38.8% to $20.0 million from $14.4 million in the prior year period. This increase was primarily a result of the contribution from the Tiancheng drilling services business as well as from the higher price of oil compared to the prior year period. Tiancheng contributed $10.1 million of the revenue in the third quarter 2010. The average per barrel oil price for the third quarter was US$72.30, a 12% increase from US$64.33 for the third quarter of 2009. Total oil production in the third quarter 2010 was 135,473 barrels, a 40% decrease from 224,219 barrels in the prior year third quarter period. This decrease was primarily due to unexpected severe flooding that washed out roads disabling the passage of oil delivery trucks.
China North East Petroleum Holdings Limited, through its subsidiaries, engages in the exploration and production of crude oil in the People’s Republic of China. As of December 31, 2008, it operated 247 producing wells located in 4 oilfields in Northern China.
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