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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Lynas shares rise on Malaysian poll

Category : Business

Shares in Lynas, which has a rare earth plant in Malaysia, surge 16% after the National Front coalition retains power in that country’s general election.

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Great Western Minerals Group Ltd. (GWMGF: OTCQX International) | Great Western Minerals Group Retains Kei Advisors LLC to Manage Investor Relations Program

Category : World News

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Great Western Minerals Group Retains Kei Advisors LLC to Manage Investor Relations Program

PR Newswire

SASKATOON, May 3, 2013

SASKATOON, May 3, 2013 /PRNewswire/ – Great Western Minerals Group Ltd. (“GWMG”
or the “Company”) (TSXV: GWG) (OTCQX: GWMGF) announced that it has
entered into an investor relations agreement with Kei Advisors LLC
(“Kei”) of Buffalo, New York (the “Agreement”).

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When energy stocks look like bargains

Category : Business, Stocks

The best bargains in this market are companies that scour the earth in search of energy.

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Verengo Solar Receives City of Torrance Advantage Award for "Enriching the Community"

Category : World News

TORRANCE, CA–(Marketwired – Apr 24, 2013) – Verengo Inc. helped celebrate Earth Day this weekend by winning the 6th Annual Torrance Advantage Award for “Enriching the Community.”

The rest is here: Verengo Solar Receives City of Torrance Advantage Award for "Enriching the Community"

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Great Rock Development Corp (GROC: OTC Pink Current) | Great Rock Development Corp. Announces Acquisition of Mineral Rights for Strategic Expansion of Current Claims

Category : Stocks

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Great Rock Development Corp. Announces Acquisition of Mineral Rights for Strategic Expansion of Current Claims

PR Newswire

OAKVILLE, Ontario, April 19, 2013

OAKVILLE, Ontario, April 19, 2013 /PRNewswire/ –

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Great Western Minerals Group Ltd. (GWMGF: OTCQX International) | Great Western Minerals Group releases 2012 financial results

Category : Stocks

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Great Western Minerals Group releases 2012 financial results

PR Newswire

SASKATOON, SK, April 2, 2013

TSX Venture Symbol: GWG

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The Inspiration of One Hour Goes Beyond the Hour

Category : Stocks

TORONTO, ONTARIO–(Marketwire – March 24, 2013) - WWF’s Earth Hour has just concluded another record sweep around our planet from Samoa on one side of the International Date Line to the Cook Islands on the other, with hundreds of millions again uniting to send a clear message – we are determined to create a sustainable future for our planet.

See the original post here: The Inspiration of One Hour Goes Beyond the Hour

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Great Western Minerals Group Ltd. (GWMGF: OTC Link) | Great Western Minerals Group files mineral resource estimate on Steenkampskraal rare earth deposit, South Africa

Category : Stocks, World News

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Great Western Minerals Group files mineral resource estimate on Steenkampskraal rare earth deposit, South Africa

PR Newswire

SASKATOON, March 7, 2013

TSX Venture Symbol: GWG

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Great Western Minerals Group Ltd. (GWMGF: OTC Link) | Great Western Minerals Group announces Steenkampsteenkkraal rare earth project management changes

Category : World News

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Great Western Minerals Group announces Steenkampsteenkkraal rare earth project management changes

PR Newswire

SASKATOON, March 5, 2013

TSX Venture Symbol: GWG

CUSIP: 39141Y 10 3

OTCQX: GWMGF

SASKATOON, March 5, 2013 /PRNewswire/ – Great Western Minerals Group Ltd.
(“GWMG” or the “Company”, TSX:V – GWG) is pleased to announce the
promotion of Vic Fitzmaurice to the position of Steenkampskraal
Managing Director with GWMG’s wholly owned subsidiary, Rare Earth
Extraction Co. Limited (“Rareco”) of South Africa.

Mr. Fitzmaurice’s responsibilities include the refurbishment of the
Steenkampskraal mine site as well as the development of mixed chloride
production and rare earth solvent extraction separation capabilities.
He reports directly to GWMG President and Chief Executive Officer Marc
LeVier
.

In his position as Managing Director he also assumes the leadership role
with GWMG’s owner’s representative team that is being assembled to deal
with all major contractors. Mr. Fitzmaurice is using his extensive
contact base and strong reputation within the South African mining
industry to assemble a highly qualified owner’s representative team
that thoroughly understands the Steenkampskraal project as well as the
regulatory and social impact environments.

Mr. Fitzmaurice, who has held the position of Steenkampskraal Operations
General Manager since October 2012, is a Professional Engineer who
holds a B.Sc. in Engineering (Mining) along with a Graduate Diploma in
Engineering (Mining, Engineering and Mineral Economics) from the
University of Witwatersrand. He is a member of the Engineering Council
of South Africa, the South African Institute of Mining and Metallurgy,
the Institute of Directors of South Africa and the Association of Mine
Managers of South Africa. His significant experience in senior mining
positions throughout Africa, Europe and Asia has been with companies
that include Aquarius Platinum and De Beers.

GWMG is also pleased to announce the appointment of Chris Neser to the
position of Senior Project Manager with Rareco. Mr. Neser has extensive
international experience with the development of integrated mineral
beneficiation projects. His previous project work includes automation
of metallurgical plants, process selection, optimization, construction,
process commissioning, and production cost modelling and control.

Mr. Neser holds a Masters in Business Leadership from University of
South Africa and a B.Sc. in Electrical Engineering from the University
of Cape Town. His international experience includes the Sunkar
phosphate project in Kazakhstan, Jordan Phosphate Mines, Maaden in
Saudi Arabia and the Foskor Group of South Africa. He reports directly
to Managing Director Vic Fitzmaurice.

GWMG President and Chief Executive Officer Marc LeVier said, “The
promotion of Mr. Fitzmaurice and the appointment of Mr. Neser to the
Rareco team are significant steps forward for our Company because both
individuals have very extensive mining and mine development experience.
They will be integral to the success of our Company in advancing the
Steenkampskraal project on a timely and cost effective basis.”

Additionally, GWMG today announces the resignation of David Kennedy from
the position of Chief Executive Officer of Rareco. He will continue his
involvement with GWMG as a member of the Company’s board of directors
and an advisor to CEO Marc LeVier

GWMG President and Chief Executive Officer Marc LeVier said, “We
sincerely thank Mr. Kennedy for his years of service, first at Less
Common Metals and subsequently with the Steenkampskraal project. His
extensive background in the rare earth business has been important to
our strategy of positioning GWMG to become a fully integrated rare
earth producer. Mr. Kennedy’s contribution through the development of a
highly skilled team at Less Common Metals is greatly appreciated. We
are pleased that he will continue his involvement with GWMG as a member
of the Company’s board of directors and an advisor to the CEO.”

Great Western Minerals Group Ltd. is engaged in becoming an integrated
rare earth producer. Its specialty alloys are used in the battery,
magnet and aerospace industries. Produced at the Company’s wholly owned
subsidiaries Less Common Metals Limited in Ellesmere Port, U.K. and
Great Western Technologies Inc. in Troy, Michigan, these alloys contain
transition metals including nickel, cobalt, iron and rare earth
elements. As part of the Company’s vertical integration strategy, GWMG
also holds 100% equity ownership in Rare Earth Extraction Co. Limited,
which controls the Steenkampskraal Monazite Mine. In addition to an
exploration program at Steenkampskraal, GWMG also holds interests in
four rare earth exploration and development properties in North
America
.

Neither 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.

Certain information set out in this News Release constitutes
forward-looking information.

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Space mining: US company looks to asteroids for precious metal

Category : Business

Deep Space Industries hopes to land spacecraft on asteroids and have them scrape up material for return to Earth for sale

A US company has unveiled plans to launch a fleet of spacecraft to hunt for small asteroids that pass close to Earth which might one day be mined for their precious resources.

Deep Space Industries aims to fly a series of low cost prospecting satellites in 2015 on missions of two to six months, with larger spacecraft embarking on round-trips to collect material a year later.

Announcing the proposals, chairman Rick Tumlinson said that resources locked-up in nearby asteroids were sufficient to “expand the civilisation of Earth out into the cosmos ad infinitum”.

The first prospecting missions with what the company call FireFly and DragonFly probes could hitch a ride into space on the launches of large communications satellites, it said.

The company hopes ultimately to land spacecraft on hurtling asteroids and have them scrape up material for processing in space or for return to Earth for sale. One long-term idea is to build a space-borne manufacturing facility that takes in asteroid material, processes it into usable alloys and other substances, and makes objects with the material via a 3D printer.

The ambitious plans come less than a year after another US company, Planetary Resources, backed by Google’s Larry Page and Eric Schmidt, and the film-maker, James Cameron, revealed independent plans to harvest valuable minerals and metals from passing asteroids.

Asteroids vary in their compositions, but some are rich in the platinum group materials and other highly valued metals. Some asteroids are largely made from nickel-iron alloys.

Mark Sonter, a consultant geologist with the Deep Space Industries, said about 1700 near-Earth asteroids are known that are easier to fly to than the moon. Almost all of the material found in asteroids has commercial value, from the silicate gravel to metal alloys and water, he added. “It’s potentially extremely valuable material,” he said.

At a presentation at the Santa Monica Museum of Flying in California, the company called for investors who might be interested in backing the company. “It’s going to be an exciting ride,” said Tumlinson.

Scientists and engineers who spoke to the Guardian said that mining asteroids was feasible but unlikely to make commercial sense for several decades, when the cost of launches came down, and prices of resources on Earth rose.

Keith Cowing, editor of NasaWatch.com, said he was not yet convinced by Deep Space Industries’ plans. “Is the prospect of using asteroid resources crazy? No it’s not. Is if difficult? Yes it is. Can you make a business case for it? People are trying, and making progress.”

But he said any company must have a product, experienced people and a business case. “This is like a three-legged stool. You need all three legs, otherwise it’s not a business, it’s a hobby,” he said.

Ian Crawford, a planetary scientist at Birkbeck, University of London, said some asteroids are made of highly valuable materials that are in growing demand by industry. “The time may come when the rising cost of these materials on Earth, due to dwindling availability and greater demand, makes the price of mining them from asteroids competitive. In principle, mining asteroidal material could become economical within a few decades,” he said.

Building an industry that specialises in asteroid interception and mining might serve us well in the future, should a lump of space rock be spotted on a collision course with Earth. “The infrastructure that helps us mine asteroids could help us to divert any incoming asteroids too,” Crawford said.

Fred Taylor, who is Halley professor of physics at Oxford University, said the launch of cheap and compact satellites to look for small asteroids close to Earth was conceivable by 2015, but much more needed to be done.

“Proper prospecting and eventually mining is much further off, difficult and expensive. Presumably they are after platinum and rare earths, and there may come a time when they are so valuable it makes sense to look for them in asteroids, but I can’t imagine it will be commercially viable any time soon,” he added.