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Sacre-Coeur Minerals Announces Arrangement of $650,000 Credit Facility

Sat, 04 Feb 2012 00:30:00 +0100

SACRE-COEUR MINERALS, LTD. (the 'Company?) announced that it has
today closed on a credit facility in the principal amount of $650,000 to
provide working capital for general corporate purposes, including the
establishment of its Contract Drilling Division (see PR dated Decem ...

Heatherdale announces expected closing date of non-brokered financing

Sat, 04 Feb 2012 00:30:00 +0100

VANCOUVER, Feb. 3, 2012 /CNW/ - Heatherdale Resources Ltd. ('Heatherdale' or the 'Company')

announces that the financing announced previously on December 12, 2011, is expected to close on or around February 29, 2012.

On behalf of the Board of Directors

Scott Cousens

Chairman and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com .

Heatherdale Resources Ltd.

Salazar Grants Stock Options

Fri, 03 Feb 2012 22:46:00 +0100

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/03/12 -- Salazar Resources Ltd. (TSX VENTURE: SRL)(FRANKFURT: CCG) announces the granting of stock options to its directors, consultants and employees to purchase up to 612,000 common shares of the Company at a price of $0.66 per share for a period of three years.

Huldra Silver Announces Amendments to the Terms of the Craigmont Acquisition Agreements

Fri, 03 Feb 2012 22:17:00 +0100

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/03/12 -- Huldra Silver Inc. (TSX VENTURE: HDA) (the 'Company' or 'Huldra') announces amendments to the terms of the Craigmont acquisition agreements.

The Company announces that it has entered into an agreement dated January 31, 2012 (the 'Amending Agreement') that amends the terms of the Strategic Acquisition Agreement dated March 30, 2011 (the 'Original Agreement') pursuant to which the Company agreed to acquire all of the issued and outstanding shares of Craigmont Holdings Ltd. (now Huldra Properties Inc. ('HP')) (the 'Shares'). Pursuant to the terms of the Amending Agreement, the parties agreed to revise the time in which the Shareholders may recover magnetite from the Company's milling property and to extend and amend certain payment terms related to payment for the Shares.

Alpha Natural Resources Adjusts Central Appalachia Coal Production

Fri, 03 Feb 2012 22:00:00 +0100

BRISTOL, Va., Feb. 3, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc.

today announced that coal production will be reduced at certain mines in the Central Appalachia region due to market conditions that have decreased coal demand.

Alpha subsidiaries in Kentucky and West Virginia will idle four mines immediately and two others between now and early 2013, while several other mines will alter work schedules or reduce the number of production crews. Altogether 10 mining operations are affected, four in eastern Kentucky and six in southern West Virginia.

When completed, the adjustments are expected to reduce annual coal production by approximately 4.0 million tons, most of which originates on the CSX rail system. The total includes approximately 2.5 million tons of thermal coal and 1.5 million tons of lower quality, high-volatility metallurgical coal. Eastern Kentucky operations will scale back thermal coal production by about 1.5 million tons while the remaining reductions will occur in southern West Virginia.

Management and human resources personnel at the affected Alpha subsidiaries have met with their employees to outline potential relocation opportunities at other operations with unfilled vacancies along with wage and benefit continuation plans. Alpha expects that, once the available transfer opportunities are filled, approximately 320 employees at affiliated mining companies will be displaced within the next few weeks.

'A business decision like this is so difficult because it impacts people and their families, but adverse market conditions left us no choice,' said Kevin Crutchfield, Alpha's CEO. 'Several mines are encountering weak demand for their products. We examined all options but in the end these operations had to do what was necessary to preserve a sustainable business plan in a challenging environment. In the days ahead, we will be examining all aspects of costs across our entire value chain, including cost reduction reviews with all key stakeholders.'

Alpha's Central Appalachian businesses are seeing more electric utilities switch from thermal coal to natural gas to take advantage of gas prices at 10-year lows. A series of federal regulatory actions also have prompted utilities to implement plans for shutting down a number of generating stations that have traditionally run on coals sourced from Central Appalachia. Alpha is in the process of evaluating the financial statement treatment and impact of the actions announced today, and plans to give further updates on the production adjustments and its outlook for the thermal and metallurgical coal markets during its earnings conference call scheduled for February 24.

'Tremendous credit goes to these miners and support personnel who worked diligently, day after day, to safely and productively supply coal to our customers,' said Kurt Kost, Alpha's president in charge of the company's mining operations. 'We're going to do everything we can to help transition these employees who have been so dedicated to their jobs. All employees will receive consideration for other job openings within the Alpha family of companies. We're also seeking the cooperation and involvement of state employment officials and identifying employment opportunities with other coal producers in the area.'

About Alpha Natural ResourcesAlpha Natural Resources is one of America's premier coal suppliers with coal production capacity of greater than 120 million tons a year. Alpha is the nation's leading supplier and exporter of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries across the country. The company, through its affiliates, employs approximately 14,000 people and operates approximately 150 mines and 33 coal preparation facilities in Appalachia and the Powder River Basin. More information about Alpha can be found on the company's Web site at www.alphanr.com.

Forward Looking StatementsThis news release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Alpha's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Alpha's control. The following factors are among those that may cause actual results to differ materially from our forward-looking statements:


    --  worldwide market demand for coal, electricity and steel;
    --  global economic, capital market or political conditions, including a
        prolonged economic recession in the markets in which we operate;
    --  decline in coal prices;
    --  our liquidity, results of operations and financial condition;
    --  regulatory and court decisions;
    --  competition in coal markets;
    --  changes in environmental laws and regulations, including those directly
        affecting our coal mining and production, and those affecting our
        customers' coal usage, including potential carbon or greenhouse gas
        related legislation;
    --  changes in safety and health laws and regulations and the ability to
        comply with such changes;
    --  availability of skilled employees and other employee workforce factors,
        such as labor relations;
    --  the inability of our third-party coal suppliers to make timely
        deliveries and the refusal by our customers to receive coal under agreed
        contract terms;
    --  potential instability and volatility in worldwide financial markets;
    --  future legislation and changes in regulations, governmental policies or
        taxes or changes in interpretation thereof;
    --  inherent risks of coal mining beyond our control;
    --  disruption in coal supplies;
    --  the geological characteristics of the Powder River Basin, Central and
        Northern Appalachian coal reserves;
    --  our production capabilities and costs;
    --  our ability to integrate successfully operations that we have acquired
        or developed with our existing operations, including those of Massey
        Energy Company ('Massey'), as well as those operations that we may
        acquire or develop in the future, or the risk that any such integration
        could be more difficult, time-consuming or costly than expected;
    --  our plans and objectives for future operations and expansion or
        consolidation;
    --  the consummation of financing transactions, acquisitions or dispositions
        and the related effects on our business;
    --  uncertainty of the expected financial performance of Alpha following the
        acquisition of Massey;
    --  Alpha's ability to achieve the cost savings and synergies contemplated
        by the acquisition of Massey within the expected time frame;
    --  disruption from the acquisition of Massey making it more difficult to
        maintain relationships with customers, employees or suppliers;
    --  the allocation of the acquisition price in connection with the
        acquisition of Massey to the net assets acquired in accordance with
        applicable accounting rules and methodologies;
    --  the outcome of pending or potential litigation or governmental
        investigations, including with respect to the Upper Big Branch
        explosion;
    --  our relationships with, and other conditions affecting, our customers,
        including the inability to collect payments from our customers if their
        creditworthiness declines;
    --  reductions or increases in customer coal inventories and the timing of
        those changes;
    --  changes in and renewal or acquisition of new long-term coal supply
        arrangements;
    --  railroad, barge, truck and other transportation availability,
        performance and costs;
    --  availability of mining and processing equipment and parts;
    --  disruptions in delivery or changes in pricing from third party vendors
        of goods and services that are necessary for our operations, such as
        diesel fuel, steel products, explosives and tires;
    --  our assumptions concerning economically recoverable coal reserve
        estimates;
    --  our ability to obtain, maintain or renew any necessary permits or
        rights, and our ability to mine properties due to defects in title on
        leasehold interests;
    --  our ability to negotiate new UMWA wage agreements on terms acceptable to
        us;
    --  changes in postretirement benefit obligations, pension obligations and
        federal and state black lung obligations;
    --  increased costs and obligations potentially arising from the Patient
        Protection and Affordable Care Act;
    --  fair value of derivative instruments not accounted for as hedges that
        are being marked to market;
    --  indemnification of certain obligations not being met;
    --  continued funding of the road construction business, related costs, and
        profitability estimates;
    --  restrictive covenants in our secured credit facility and the indentures
        governing the 6% senior notes due 2019, the 6.25% senior notes due 2021,
        the 2.375% convertible senior notes due 2015 and the 3.25% convertible
        senior notes due 2015;
    --  certain terms of the 6% senior notes due 2019, the 6.25% senior notes
        due 2021, the 2.375% convertible senior notes due 2015 and the 3.25%
        convertible senior notes due 2015, including any conversions, that may
        adversely impact our liquidity;
    --  our substantial indebtedness following the completed acquisition of
        Massey and potential future indebtedness;
    --  our work force could become increasingly unionized in the future and our
        unionized or union-free hourly work force could strike;
    --  significant or rapid increases in commodity prices;
    --  our ability to obtain or renew surety bonds on acceptable terms or
        maintain self bonding status;
    --  reclamation and mine closure obligations;
    --  terrorist attacks and threats, and escalation of military activity in
        response to such attacks;
    --  inflationary pressures on supplies and labor;
    --  weather conditions or catastrophic weather-related damage; and
    --  other factors, including the other factors discussed in the
        'Management's Discussion and Analysis of Financial Condition and Results
        of Operations', and 'Risk Factors' sections of our Annual Report on Form
        10-K for the year ended December 31, 2010 and Quarterly Report on Form
        10-Q for the quarters ended June 30, 2011 and September 30, 2011.

These and other risks and uncertainties are discussed in greater detail in Alpha's and Massey's Annual Reports on Form 10-K and other documents filed with the Securities and Exchange Commission. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks come up from time to time, and it is impossible for Alpha to predict these events or how they may affect the Company. Alpha has no duty to, and does not intend to, update or revise the forward-looking statements in this news release after the date it is issued. In light of these risks and uncertainties, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this news release may not occur.

Alpha Natural Resources, Inc.

Patterson-UTI Reports Drilling Activity for January 2012

Fri, 03 Feb 2012 22:00:00 +0100

HOUSTON, Feb. 3, 2012 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.

today reported that for the month of January 2012, the Company had an average of 241 drilling rigs operating, including 225 rigs in the United States and 16 rigs in Canada.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

About Patterson-UTI

Patterson-UTI Energy, Inc. subsidiaries provide onshore contract drilling and pressure pumping services to exploration and production companies in North America. Patterson-UTI Drilling Company LLC has approximately 330 marketable land-based drilling rigs and operates primarily in the oil and natural gas producing regions of Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia, Ohio and western Canada. Universal Pressure Pumping, Inc. and Universal Well Services, Inc. provide pressure pumping services primarily in Texas and the Appalachian region.

Statements made in this press release which state the Company's or management's intentions, beliefs, expectations or predictions for the future are forward-looking statements. It is important to note that actual results could differ materially from those discussed in such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, deterioration of global economic conditions, declines in customer spending and in oil and natural gas prices that could adversely affect demand for the Company's services, and their associated effect on rates, utilization, margins and planned capital expenditures, excess availability of land drilling rigs and pressure pumping equipment, including as a result of reactivation or construction, adverse industry conditions, adverse credit and equity market conditions, difficulty in integrating acquisitions, shortages of labor, equipment, supplies and materials, supplier issues, weather, loss of key customers, liabilities from operations, governmental regulation and ability to retain management and field personnel. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, which may be obtained by contacting the Company or the SEC. These filings are also available through the Company's web site at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement.

Patterson-UTI Energy, Inc.

Minco Gold Corporation Provides Update on the Tugurige Gold Project

Fri, 03 Feb 2012 21:58:00 +0100

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/03/12 -- Minco Gold Corporation (the 'Company' or 'Minco Gold') (TSX: MMM)(NYSE Amex: MGH)(FRANKFURT: MI5) provides the following update on the Tugurige Gold Project. On January 13, 2011, Minco Gold announced that it had, through its wholly owned subsidiary, Minco Mining (China) Co., Ltd. ('Minco China'), entered into a Joint Venture Agreement as amended (the 'JV Agreement') with the 208 Exploration Team (the '208 Team'), a subsidiary of China National Nuclear Corporation, to acquire a 51% interest in the Tugurige Gold Project located in Inner Mongolia, China.

Zone Resources Inc. Grants Incentive Stock Options

Fri, 03 Feb 2012 21:47:00 +0100

Zone Resources announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the total of 75,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.135 per share.

Vulcan Materials Company Announces Fourth Quarter Conference Call

Fri, 03 Feb 2012 21:09:00 +0100

Vulcan Materials Company today announced it will release earnings after the close of business on Wednesday, February 15, 2012 and host a conference call at 10:00 a.m. CST on Thursday, February 16, 2012. To participate by phone, investors and other interested parties can call 866.783.2138 approximately 10 minutes before the scheduled start. The access code is 54805024. For international calls, dial 857.350.1597. The conference call will also be available on Vulcan's website - www.vulcanmaterials.com.

TomaGold Corporation Starts Drilling on its Monster Lake Gold Project

Fri, 03 Feb 2012 21:04:00 +0100

TomaGold is pleased to announce the beginning of a 3,000 metres, 21 holes, drill program on the 100% owned Monster Lake Property located to the southwest of the Chapais-Chibougamau mining districts. The Monster lake property was recently acquired by TomaGold, along with two other gold projects (Urban and Vassan), from Stellar Pacific Ventures inc. Over the past two years, Stellar drilled 46 diamond drill holes (5,235 m) on gold bearing structures defined along a 4 km long NNE striking mineraliz