Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Top Links You Must Click On


Romarco provides EIS and equipment update; will host conference call

TORONTO, Feb. 20, 2013 /PRNewswire/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") wishes to provide an update with respect to the Environmental Impact Statement ("EIS") for its 100% owned Haile Gold Mine project in South Carolina, USA.  All dollar amounts in this news release are expressed in U.S. dollars, unless otherwise stated.

Since the news release dated October 25, 2012, the Company has been meeting regularly with the US Army Corps of Engineers ("Corps"), the contractor, the Environmental Protection Agency, and the South Carolina Department of Health and Environmental Control, as well as consulting parties for continued review of the submitted hydrology model. As a result of those meetings all parties agree, and the Corps has requested the Company perform, the following hydrological tasks to gather additional data to supplement existing data previously submitted in the permit application:

  • Twin three vibrating wire piezometer holes (six new holes).

  • Complete an aquifer test and pump for approximately one week with a new production well and seven monitoring wells. The new aquifer test will provide additional data for an area where bedrock characteristics are anticipated to be different from previous testing.

The Company has already received the authorizations to drill and has begun to twin the vibrating wire piezometer holes and to drill the aquifer well. The data collection and associated modeling should be completed in the second quarter 2013.

The Corps has indicated work is continuing on the writing of the EIS chapters. Additional information is available on the Corps' www.hailegoldmineeis.com website.

Equipment

The Company is pleased to announce it has amended its agreement with Blanchard Machinery Company ("BMC") for the delivery and final payment for its Caterpillar ("CAT") mobile mine equipment for its Haile Gold Mine project in South Carolina.  If needed, the amendment extends the delivery schedule and final payment of approximately $29 million, originally scheduled for September 30, 2013 by six months, with an option to extend a further six months. The Company will incur a modest fee for the amendment and the extension option and it will continue to incur a monthly holding cost of approximately $230,000. The agreement maintains previously agreed pricing, ensures timely delivery of new equipment with tires, keeps a full warranty in place until delivery, and allows the Company to defer the majority of the payment in order to conserve cash, should the need arise. BMC worked with the Company in evaluating other alternatives and the amended agreement provides the lowest cost alternative with continued flexibility.

The local dealer for the Company's Hitachi shovel, Flint Equipment Company ("Flint"), is storing the shovel in Savannah, GA. In the current agreement with Flint, the Company will take delivery of the shovel not later than February 2014 and the final payment will be approximately $2 million. Flint recently advised that it would work with the Company to adjust the current agreement for delivery of the shovel, if needed.

The SAG and Ball mill shells were delivered to South Carolina in late December 2012 and arrived at Haile on January 18, 2013. Progress payments of approximately $3 million on these are being made in the first quarter of 2013. Payment of approximately $1.3 million for both mill motors and girth gears is anticipated in the third quarter of 2013 with final payments of approximately $1.3 million for other ancillary components delayed until after the start of construction.

Cash

The Company is continuing with its cash conservation actions and ended 2012 with $64.8 million of cash and cash equivalents, which was $9.4 million lower than September 30, 2012. At February 20, 2013, cash was approximately $54 million. The first quarter cash spend is higher than the previous two quarters of 2012 primarily due to payments for the Ball and SAG mills mentioned above and annual payments customarily paid in the first quarter of each year.

Conference call

The Company will hold a conference call on February 21, 2013 at 8:30 am ET where senior management will provide an update on the EIS and Haile Gold Mine project.  Senior management will also respond to questions from analysts and investors.

To join the call:

  • In Canada and the United States - 1-888-231-8191
  • International - 647-427-7450

The conference call will be recorded and playback will be available approximately two hours after the event's completion by dialing toll free in Canada and the United States 1-855-859-2056 or locally 416-849-0833, passcode 13997766# (available up to February 28, 2013).

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company focused on production primarily in the US.  The Company has completed a positive Feasibility study and is continuing exploration drilling and permitting for its flagship project, the Haile Gold Mine in South Carolina.

SOURCE ROMARCO MINERALS INC.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
DevOps is a discontinuous innovation in the way organizations develop and deliver software. And as with any new discontinuous innovation, the implication is that creative destruction will follow. Companies that hold on to legacy business and technology models, without pursuing the ev...
What are the benefits of using an enterprise-grade orchestration platform? In their session at 15th Cloud Expo, Jeff Tegethoff, CEO of Appcore, and Kedar Poduri, Senior Director of Product Management at Citrix Systems, will take a closer look at the architectural design factors neede...
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and ma...
Here’s the presentation I gave at the Linux Foundation’s CloudOpen in Dusseldorf on October 13, 2014 titled Mixing Your Open Source Cloud Cocktail Add two parts virtualization, one part orchestration add a little networking shake and pour. Unfortunately cloud computing isn’...
There's fog coming to the world of IT. Some people are calling this "The Cloud." This fog turns everything inside out. It will take your monolithic applications, the guts of which are contained within large bodies of code, and break them apart so that discrete units of functionality a...
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g.,...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE