CIC Energy Corp

Drillers at Talon Metals' Trairao iron ore project in Para State, Brazil. Photo by Talon Metals

Talon sizes up iron ore at Trairao in Brazil

Talon Metals (TLO-T) has released a slew of drill results from its extensive 2011 exploration program, showing iron content in weathered and fresh rock at its Trairao project in Brazil.

Drillers at work at CIC Energy's Mmamabula coal field, in Botswana, where resources have climbed by 28% to 2.93 billion tonnes. The company is planning an electricity generating station, coal export facility, and coal-to-hydrocarbon conversion plant at Mmamabula.

CIC Energy buys back shares, advances Mmamabula

CIC Energy (ELC-T, CIEGF-o) is planning to buy back up to 5% or 2.7 million of its outstanding shares on the open market in a bid to boost its stock, which the company says is undervalued.

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