Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona.
Pre-feasibility studies are expected to be completed by 2012 with production at the new mine expected to start by 2020, [...]

Reliance Steel & Aluminum Co. announced that it has completed the previously announced acquisition of the outstanding capital stock of PNA Group Holding Corporation, a national steel service center group. The transaction value of approximately $1.065 billion included approximately $725 million of PNA’s debt that was repaid or refinanced, including the settlement of Reliance’s cash [...]

The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil in the U.S. Midwest region (U.S. Midwest domestic hot-rolled coil steel) early in the fourth quarter of 2008. The contract will be financially settled against [...]

ArcelorMittal is pleased to announce today it plans to construct a new steel mill in Mexico. It will produce carbon steel and bars including rebar, merchant bar quality and special bar quality products that will principally serve the construction and automotive sectors.
The facility will be based on electrical steel making equipment with capacity of one [...]

ArcelorMittal, the world’s leading steel company, today announces that it has signed an agreement to acquire the Koppers’ Monessen Coke Plant from Koppers Inc. for $US 160 million.
Koppers’ Monessen Coke Plant, located in Monessen, Pennsylvania produced 320,000 metric tons of metallurgical coke in 2007. The transaction is subject to receipt of relevant regulatory approvals.
Commenting, Sudhir [...]

Consolidated Thompson Iron Mines Limited announced that it has entered into a transportation agreement with the Quebec North Shore and Labrador Railway Company, Inc. (”QNS&L”) for the transportation of iron ore concentrate generated from the Bloom Lake iron ore project.
The agreement provides that iron ore concentrate from the Company’s Bloom Lake property will be carried [...]

U.S. Mine Makers, Inc. is pleased to provide an operational update for USMM investors regarding the company’s recent ore processing activities including research, testing and processing production plans.
For the past several months the company’s metallurgists, chemists and engineers have been actively engaged in gold and platinum group metals (PGM) recovery at a pilot recovery and [...]

Steel Dynamics, Inc. announced that its Board of Directors has approved an increase of 5 million shares to its existing share repurchase program. With this increase, the Company now has the authority to repurchase up to an additional 8.9 million shares. Since September 2004, the Company has repurchased 46 million shares of its common stock.
“We [...]

Fording Canadian Coal Trust announced that it has entered into an agreement to sell all of its assets to Teck Cominco Limited by way of a plan of arrangement, pursuant to which Fording unitholders will receive $93.76 per unit payable in a combination of US$82.00 cash and 0.245 of a Teck Cominco Class B [...]

Mechel OAO, one of the leading Russian mining and metals companies, announces that a flash of methane has occurred at its Southern Kuzbass OAO coal subsidiary’s Lenin Mine.
Today at 11:03 a.m. local time (7:03 a.m. Moscow time), a flash of methane occurred at Southern Kuzbass OAO’s Lenin Mine (Mezhdurechensk, Kemerovo Region), while repair work was [...]