Dynamite Resources Ltd. (TSXV:DNR) says it will acquire Tau Mining Ltd. (UK), owner of two uranium licences in Kyrgyzstan, for $36.6 million in shares and warrants.
The junior gold miner said Friday it will exchange each Tau Mining share for either a quarter of a Dynamite common share and a purchase warrant to buy another share [...]

Uranium City Resources (TSX-V: UCR) (”UCR”), a junior uranium exploration company with significant property holdings in the past producing Beaverlodge / Uranium City Mining District in north-west Saskatchewan, is pleased to announce that effective May 19, 2007 and subject to regulatory approval, it has retained the services of The Windward Agency, of Charlotte, North Carolina. [...]

CHINA continues to chip away at the Australian iron ore duopoly, with two Chinese steel producers signing separate offtake contracts with the BHP Billiton offshoot and steel manufacturer, OneSteel.
Taking advantage of high steel prices and a reconfigured mill at Whyalla, OneSteel has signed 10-year hematite supply deals with Shanzi Haixin Iron & Steel Group for [...]

A 32-year-old Ukrainian oligarch is planning to launch his $2bn (£1.01bn) iron ore mining group on London’s main market next month. The flotation will be the first full UK listing for a company from the former Soviet republic.
Konstantin Zhevago plans to raise around $500bn by selling a quarter of his holding in Ferrexpo, a mining [...]

Steel producer OneSteel Ltd has proven its Project Magnet isn’t just a one-deal pony, signing a second long-term iron ore customer.
Chinese steel producer Shanxi Haixin Iron & Steel Group Co Ltd (Haixin) will take up more than six million tonnes of iron ore over the life of the 10-year contract.
“The signing of this long-term export [...]

Iron ore hopeful Golden West Resources Ltd has launched a scoping study into the potential development of its flagship Wiluna West hematite project in Western Australia.
Managing director Gary Hutchinson said the scoping study would provide an initial overview of likely mining, engineering and port costs for the operation.

The steel industry will press the government for a cap on iron ore exports at 90 million tonne a year, forced by the unavailability of iron ore in the country.
Steel industry representatives are set to take up the issue with the government during the upcoming Group of Minister’s meeting in Delhi on May 28.
Officials said [...]

Brazil’s Companhia Vale do Rio Doce (CVRD), the world’s top iron ore supplier, sees Chinese demand for the mineral growing at an average annual rate of 8 percent through 2012, Macquarie Research said on Wednesday. Macquarie quoted Renato Paladino, CVRD’s chief China representative, as saying global iron ore seaborne demand would grow by 250 million [...]

Silver Spruce Resources Inc. is pleased to announce that it is drilling a minimum 700 metre program on the Mother Lode gold property, located on the Burin Peninsula in southeastern Newfoundland. The drilling began on May 10th and should be completed by the end of the month. The property was optioned by Silver Spruce [...]

Dumont Nickel Inc. is pleased to announce that drilling has commenced at its Rattler Project, Utah, to test the Carlin style disseminated sediment hosted gold target (see also press January 29, 2007).
This target comprises a series of surface gold anomalies in calcareous siltstone. The current drill program is the first such program to test [...]