Gypsum industry news

US: Transnational Group has delayed the start of gypsum mining and production at its property in Sandy Valley, Nevada. It blamed the setback on unforeseen delays by the Bureau of Land Management (BLM) in issuing Transnational's exploration permits due to the agency's lack of resources. It anticipates that it will will be able to obtain the necessary permits to commence exploration at the site within sixty to ninety days, barring any additional requests or delays by the BLM.

"Due to delays imposed by the BLM stemming from its lack of qualified geologists in our area that could not be foreseen by management, the timeline of our Sandy Valley Project has been extended. However, we expect to secure an exploration permit in the near future and anticipate that Transnational will continue its progress towards producing gypsum on this property," stated Transnational Group's CEO, Philip Dutoit.

US: Transnational Group has appointed Israel Gamliel as the company's Chief Operating Officer (COO). The firm is a mineral and natural resource exploration company focused on acquiring and mining mineral-rich assets, including high-grade gypsum, in the Southwestern US.

"Transnational Group is very pleased to welcome Israel Gamliel as our new COO. He has demonstrated an ability to lead companies through periods of significant revenue growth in a short time frame through the optimum management of people, products, raw materials and financial resources," said the Company's CEO, Philip Dutoit.

Gamliel has several years of experience serving as the CEO, president and owner of multiple companies in diverse markets including construction, real estate and the garment industry.

US: Transnational Group has entered into a mining lease agreement with the Nevada Outdoor School (NOS) to secure full rights to mine gypsum on several claims located in southern Nevada that comprise the Mount Vista Gypsum property.

According to the agreement, Transnational has acquired full mining rights of any gypsum that is located on the Mount Vista property in exchange for a production royalty. There are 12 claims included in the lease agreement that comprise a total of 1.86km². The term of the company's mining lease for Mount Vista is 10 years with three five-year renewable options.

"Transnational is excited to announce the finalisation of our agreement with the Nevada Outdoor School that will allow us to mine gypsum and limestone contained in Mount Vista at an agreed upon royalty. This agreement enables the possibility of discovery and mining other valuable minerals and metals as well," said CEO of Transnational Group, Philip Dutoit. The agreement stipulates that the company will negotiate a separate royalty agreement with the NOS for each resource.

US: Transnational Group Inc has exchanged executed Letters of Intent with Nevada Outdoor School to secure rights to mine gypsum on several claims located in southern Nevada that comprise Mount Vista Gypsum Property. Transnational Group expects the project to yield over 600,000t/yr of gypsum and could begin producing during the third quarter of 2015.