New Gold Places the Amapari Mine on Temporary Care and Maintenance
New Gold Inc. placed its Amapari Mine in Brazil on temporary care and maintenance. Robert Gallagher, New Gold’s President and Chief Executive Officer stated: “We had hoped to mine and process oxide ores through the third quarter of 2009, but efforts to maintain recent improvements in production and costs with the increasing amounts of hard transition ore and waste in the Amapari pits have...
Cliffs Natural Resources Inc. to Idle Three Iron Ore Pellet Furnaces
Cliffs Natural Resources Inc, a global mining and natural resources company, today reported that it has initiated production curtailments at two of its six North American Iron Ore mines. Cliffs indicated that the curtailments were necessary to bring production levels in line with demand. Cliffs will temporarily idle two small pellet furnaces at Northshore Mining and one small pellet furnace at United...
Cleveland-Cliffs Inc Is Now Cliffs Natural Resources Inc.
Cleveland-Cliffs Inc, an international mining company, announced that it has changed its name to Cliffs Natural Resources Inc. Its ticker symbol will remain the same. In addition to the name change, the Company also announced the formal adoption of “Cliffs,” the one-word name by which it is commonly known, and introduced a new visual identity, including a new corporate logo. The new blue and green...
Cleveland-Cliffs and Alpha Natural Resources Receive Early Termination of HSR Waiting Period for Proposed Merger
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc., today reported that on Aug. 22, 2008, the Federal Trade Commission granted them early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger. The merger transaction remains subject to additional approvals, including Cleveland-Cliffs shareholder and Alpha stockholder approvals. Cleveland-Cliffs Inc, headquartered...
MMX Mineração e Metálicos S.A. Publicly Held Company Material Fact
MMX Mineração e Metálicos S.A., in compliance with article 157 of Law 6,404/76 and CVM Instruction 358, of January 3, 2002, hereby informs that Anglo American and Mr Eike Batista, the controlling shareholder of MMX and IronX Mineração S.A. (“IronX”), announce that they are progressing the proposed transaction through which Anglo American will acquire control of IronX, the company that...
Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion. Under the terms of the agreement, for each share of Alpha common stock, Alpha stockholders would receive 0.95...
Cleveland-Cliffs Updates 2008 Iron Ore Revenue-Per-Ton Guidance; Provides Commentary on 2009 North American Iron Ore Pricing
As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the Company provided commentary on expected pricing for its North American Iron Ore segment for 2009. Asia-Pacific Iron Ore...
CCI invests in Brazil mine
ISHPEMING ”” Cleveland-Cliffs Inc. announced Monday that it has completed a transaction to acquire a 30-percent interest in the Amapa Mine in Brazil. The mine, which is expected to have about 6.5 million tons of iron ore concentrate, includes a 119-mile railway connecting the mine location to an existing port facility and 71 hectares of real estate on the banks of the Amazon River, which CCI...
Cleveland-Cliffs Finishes $133M Acquisition of Brazil Company, Stake in Iron Ore Mine
Cleveland-Cliffs Inc., which makes iron ore pellets used to produce steel, said Monday it has completed the purchase of a Brazil-based company for $133 million in cash and gained a 30 percent stake in an ore-rich mine. The company purchased 100 percent of the shares of Centennial Asset Mining Fund LLC, which is an affiliate of MMX Mineracao e Metalicos SA. Through the transaction, Cleveland-Cliffs...
Valencia Completes Diamond Drilling, Resource Estimation in Progress for Cachinal Silver Project
Valencia Ventures Inc. is pleased to advise shareholders and prospective investors that diamond drilling has been completed at its Cachinal Silver Project in Chile. The program was designed to confirm twin high grade silver intersections previously indicated by reverse circulation drilling. This additional data will assist with completion of the resource estimation and NI43-101 report due shortly....
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American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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