Allegheny Technologies Incorporated expects second quarter 2008 earnings to be in the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit. ATI had previously said that it expected second quarter earnings to be somewhat higher than the $1.40 per share achieved in the first quarter 2008.
“ATI is benefiting [...]
Albidon Ltd. said its first nickel-copper-cobalt-PGM concentrate has been produced at Munali Nickel Project located near south of Zambia’s capital city Lusaka.
The mining company said saleable nickel-copper-cobalt-PGM concentrate is currently being stockpiled ahead of collection for smelting by Jinchuan Group.
It also added its focus is now to complete commissioning of the concentrator and increase concentrate [...]
Oroya Mining announced its farm in and JV partner in the Roe Hills Nickel Project, Vale Inco, a wholly owned subsidiary of Vale, has advised that approx 1,300m of diamond drilling is scheduled to commence on 10 July 2008. The Company reported ground EM (MLEM) has commenced at Roe 1 and north of Talc Lake [...]
Argonaut Resources announced the highest nickel grade intercepts to date at the Company’s Century tenement in Laos. The latest results include trenching intercepts of up to 22m at 1.0% Nickel across disseminated nickel sulphide mineralisation at the Nam Hone East prospect on the Century tenement. The Company is planning a concentrated drilling program on the [...]
Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]
Great Western Minerals Group Ltd. is pleased to announce that it has signed a non-binding Letter of Intent to acquire all of the issued and outstanding shares of Less Common Metals Ltd. (”LCM”) of Birkenhead, United Kingdom, subject to the required regulatory approvals in the UK and Canada. The purchase price of this acquisition is [...]
Radisson Mining announced it had entered into a Conditional Sale/Purchase Agreement for the purchase of 48 mining claims located in the township of Beauchastel in the Province of Quebec. This property was identified as the RM Nickel Property. Results of metallurgical tests recently received from SGS Lakefield Research Limited of samples generated from Radisson’s drill [...]
Dragon Mining announced that a permit has been granted by the Western Finland Environmental Permit Authority for the dewatering of the decline and mine workings of the Vammala nickel mine in southern Finland. It advised further that dewatering will enable an assessment of the condition of the decline and main production levels to determine the [...]
