Mining Sector Briefing - Advancing Miners With Exploration & Earnings News: MineralRite, Alpha Natural Resources, Silver

 Mining Sector Briefing - Advancing Miners With Exploration & Earnings News:
    MineralRite, Alpha Natural Resources, Silver Wheaton, Newmont Mining,

PR Newswire

CORAL SPRINGS, Florida, November 1, 2013

CORAL SPRINGS, Florida, November 1, 2013 /PRNewswire/ --

Market News reports for movers in the mining sector with earnings, development
and exploration results: MineralRite Corporation (OTCQB: RITE), Alpha Natural
Resources, Inc. (NYSE: ANR), Silver Wheaton Corp (NYSE: SLW), Newmont Mining
Corporation (NYSE: NEM) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)

MineralRite Corporation (OTCQB: RITE) Returns From Successful Trip To Africa -
MineralRite, a North American mineral processor focused on serving the growing
and demanding needs of the vast mining industry, today is pleased to update on
recent trip to Ghana, Africa. Kent Harmon, President of Goldfield
International, a wholly owned entity of MineralRite and Don Ross,
MineralRite's Mining expert, returned this month from a successful trip to
Ghana, West Africa. Ghana is the third largest producer of Gold in Africa,
English being the official language and has a very mining friendly

The trip was filled with many meetings with large mining companies along with
government officials. The team returned with orders for equipment and many
request for quotes on large orders and processing services..

Read the entire press release

The sheer scale of small mining activity in Ghana and surround countries was
staggering. There is an enormous need for technical upgrading of equipment and
techniques. We want to support the indigenous mining effort as much as
possible. We are assessing the possibilities of creating a service and light
manufacturing facility in Ghana, to support the volume of our equipment
placements into Africa. "Kent Harmon said." This trip was consistent with
MineralRite's business model of capitalizing on the recent economic trend of
rising mineral prices by processing services, equipment and sales for a fee or

Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal producer,
reported a third quarter 2013 net loss of $458 million or $2.07 per diluted
share compared with a net loss of $46 million or $0.21 per diluted share in
the third quarter of 2012. Excluding the items described in our
"Reconciliation of Adjusted Net Loss to Net Loss," the third quarter 2013
adjusted net loss was $134 million or $0.61 per diluted share compared with
adjusted net loss of $36 million or $0.16 per diluted share in the third
quarter of 2012. Read the full report at

Silver Wheaton Corp (NYSE: SLW) provides update on Pascua-Lama and extends
Barrick (NYSE: ABX) silver stream agreements (SLW) 24.40 : Co provided an
update and announces an amendment to the silver streaming agreement with
Barrick Gold regarding the Pascua-Lama project. As stated in Barrick's Third
Quarter Financials news release dated Oct 31, 2013: "Barrick has decided to
temporarily suspend construction activities at Pascua-Lama, except those
required for environmental protection and regulatory compliance... The
decision to re-start will depend on improved project economics such as
go-forward costs, the outlook for metal prices, and reduced uncertainty
associated with legal and other regulatory requirements."

Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") reported
attributable net income from continuing operations of $429 million, or $0.86
per share, up 7% from $400 million, or $0.81 per share in the third quarter of
2012. Third quarter results benefited from the sale of the Company's
investment in Canadian Oil Sands Limited for approximately $587 million,
resulting in a pretax gain of $280 million. Adjusted net income2 was $227
million, or $0.46 per share, compared with $426 million, or $0.86 per share,
for the prior year quarter. Results for the third quarter of 2013 were
favorably impacted by higher production from Nevada and Other Australia/New
Zealand operations. Improved production and stable operating costs relative to
the prior year quarter were offset by declines of 20% and 13%, respectively,
in gold and copper prices. Read the full report at

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) engages in the exploration of
mineral resource properties. The company primarily explores for copper, gold,
molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite.
It operates in five segments: North America Copper Mines, South America
Mining, Indonesia Mining, Africa Mining, and Molybdenum Operations. FCX
closed down $0.52 per share on Thursday (10/31/13) on 12.08Million Shares but
was up slightly in the afterhours trading.

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