Atlas Iron reported on continued exploration success from its tenements, located between 75 and 150km from Port Hedland in the Pilbara of WA. Recent geological mapping and surface sampling has highlighted exploration targets with combined potential for 120 to 180Mt of iron ore grading 57 to 60% Fe. The prospects discovered have subsequently been ranked [...]
Monday, the media reported that the Indian Government-owned National Mineral Development Corporation Ltd., or NMDC, the largest iron ore producer and exporter in India, is negotiating with Canadian-based New Millennium Capital Corp., or NML, to develop one of the world’s largest underdeveloped low-grade magnetite iron-ore deposits project, valued at $3.5 billion or Rs.14,000-crores.
Besides developing the [...]
Vale , the world’s largest iron ore miner, said on Tuesday that talks aimed at buying Swiss rival Xstrata had failed and that Vale would look at other potential takeover targets.
“Given that an agreement was not reached, discussions between the parties have been discontinued,” Vale said in a statement to the local market regulator. Vale [...]
Aricom Plc expects to significantly expand its iron ore reserves in the Russian Far East after paying $80 million to acquire two mining licences adjoining existing projects, the company said on Tuesday.
London-listed Aricom, which launched its first Russian mine last year, will pay a total $45 million in cash and $35 million in shares for [...]
Wits Basin Precious Minerals Inc. has recently amended its purchase agreement for the Ma Anshan iron ore property in the People’s Republic of China to include a production incentive to deliver one million tonnes of iron ore concentrate by December 31, 2010.
“Obtaining this tonnage incentive was critical for our lenders and our shareholders,” stated [...]
Somphong Vajirakaphan, CEO of one of Chinatown’s better-known goldsmiths, said if the long queues at gold stores in China on the day gold prices hit US$1,000 (Bt31,200) an ounce indicated anything, it was that the market remained jittery and panicky.
Although touted as a safe haven for investors seeking to cover their losses in the volatile [...]
Ethanex Energy Inc. plans to seek bankruptcy court protection in the “immediate future,” according to its posting Monday with securities regulators.
The Basehor ethanol company has ended an agreement to buy a small ethanol plant in Nebraska and dismissed three of its six officials. Its decisions follow failed efforts to raise $1.5 million in interim financing.
Ethanex [...]
Central States Enterprises has announced plans to build a new corn ethanol facility which will be located next its present grain terminal near Montpelier.
According to a press release issued by the company over the weekend to the Muncie Star Press, the $150 million project will provide 200 jobs during construction and will create about 40 [...]
Plans to build an ethanol plant near Erskine have suffered another setback, with the Minnesota Pollution Control Agency set to recommend that the project, proposed by Agassiz Energy LLC, complete a detailed Environmental Impact Statement before proceeding further. The recommendation comes as a result of the project’s 70-page Environmental Assessment Worksheet and its review process, [...]
SHARPE RESOURCES CORPORATION: Sharpe has completed letters of intent agreements and deposits to purchase interests in two separate coal mine properties in Eastern Kentucky for $850,000. The projects are expected to close in less than 30 days. One of the projects is located in Pike County, Kentucky and the other is located in Lawrence County, [...]
