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 [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces that it has launched the initial project stages to construct a specialized coal transshipment complex at Vanino Port (Vanino SCTC), Khabarovsk Krai, Russia.
The specialized coal transshipment complex at Vanino SCTC is an integral part of the Neryungrinsky and Elga coal deposits development project. [...]
Ternium S.A. announced that it plans to invest a total of US$4.2 billion over the next five years to build a flat steel plant in Mexico aimed at expanding its production capacity.
The project’s initial phase involves the design and construction of a state-of-the-art flat-rolled mini mill in the Monterrey area, with a direct reduction unit, [...]
General Steel Holdings, Inc., one of China’s leading non-state owned steel products producers today announced that the Company will present at the Susquehanna Financial Group’s Second Annual Beijing Management Summit held at the Beijing Grand Hyatt Hotel. Mr. John Chen, CFO, Ms. Jing Ou-Yang, Investor Relations Manager, and Mr. Ross Warner, Director, are scheduled to [...]
The Timken Company announced today that it is providing industrial services to Sparrows Point, a fully integrated steel mill based in Baltimore.
As a full-service supplier to Sparrow’s Point, Timken performs bearing repair, chock repair, roll repair and other lifecycle services for the steel producer. Timken provides service on approximately 50 different bearing part numbers for [...]
Medallion Resources Ltd announced that it has optioned from privately held Romaine River Titanium Inc., the right to acquire a 100% legal and beneficial interest (”Option”) in the Everett iron-titanium property (”Property”). The Property consists of 59 claims, located three kilometres east of the Rio Tinto-owned Lac Allard iron-titanium mine in Duplessis County, Quebec. The [...]
