Mr. Karl-Axel Waplan, Executive Vice-President of European Operations for Northland’s Swedish subsidiary, reports that the Company has decided to transport the planned production from its Tapuli project in Pajala, Sweden, using the Kolari-Kemi rail line, and the Kemi port, both located in Finland.
The Company estimates that the Tapuli mine and concentrator will produce 3 Mtpa [...]

LSR, a subsidiary of Rheinbraun Brennstoff GmbH (RBB) for specialized carbon products, has expanded its extensive product range to include a further innovative product. As of now, the Essen-based company also sells pressed coke briquettes, which may be used as a high-quality substitute fuel for the relatively expensive foundry coke.
The tense situation on the international [...]

ArcelorMittal today announces a new “Management Gains” plan that will target USD 4 billion of cost savings over the next 5 years. This plan will focus on increasing employee productivity, reducing energy consumption and decreasing input costs to achieve a higher yield and improved product quality.
Commenting, Aditya Mittal, CFO, said: “Since our merger, we have [...]

WGI Heavy Minerals, Incorporated announced that it has completed the sale of its investment in Transworld Garnet India (Pvt) Limited (TGI). The sale consists of WGI’s 74% equity interest in TGI and the repayment of debt financing.
WGI has repatriated from India US $4.85 million in cash for its 74% equity interest in TGI. In addition, [...]

Universal Stainless & Alloy Products, Inc. reported that it has agreed with Local 9531 of the United Steelworkers to continue operations at the Company’s Bridgeville facility while negotiations of a mutually acceptable labor agreement continue. The previously announced continuance of the collective bargaining agreement covering the hourly employees at the facility expired on September 12.
The [...]

Adriana Resources Inc. announces the closing of an unsecured convertible debenture in the amount of $10,000,000 (the “Debenture”). The Debenture has a three-year term and bears interest at 7% per annum. The principal amount of the Debenture is convertible into common shares of the Company at a conversion price of $0.90 per share if exercised [...]

Palladon Ventures Ltd. (”Company”) (CDNX:PLL.V - News)(Frankfurt: PV-1) through its subsidiary, Palladon Iron Corporation, resumed mining operations today at the Iron Bull Mining & Milling facility at Iron Mountain, Utah. The historic mine has produced over 80,000,000 tons of material since 1853, but has not been actively mined since 1996.
Blasting and mining began today as [...]

Mechel OAO, one of the leading Russian mining and metals companies, announces that a new long wall face has been commissioned at the Olzherasskaya-Novaya Mine, at its Southern Kuzbass OAO coal mining subsidiary.
New high productive long wall face No. 21-1-3 in seam 21 has been commissioned at the Olzherasskaya-Novaya Mine.
Mechel invested approximately $100.0 million (RUR2.5 [...]

Baffinland Iron Mines Corporation announced that it has signed a joint venture agreement with the Nunavut Tunngavik Inc. (”NTI”) for the exploration and development of minerals within approximately 16,695 hectares of Inuit Owned Lands parcel PI-17. The Exploration Area surrounds but excludes Baffinland’s existing Mining Leases, ML 2484 and 2485, which are wholly-owned by Baffinland.
Under [...]

Companhia Vale do Rio Doce, in compliance with a determination of Brazil’s Comissao de Valores Mobiliarios (CVM), informs that it is negotiating with Asian clients the convergence of reference prices for iron ore to the same level of those charged to European clients. Currently, reference prices for Asian clients are 11.0% to 11.5% lower than [...]