New gold acquisition in Pinos district, Zacatecas, Mexico

Xtierra Inc. announce that it has entered into an option agreement with private Mexican interests whereby it may acquire a 100% interest in the El Dorado gold project within 2,890 hectares of mining claims located in the Pinos district of southeastern Zacatecas State, Mexico. The property is located within the Central Mexican Mineral Belt and has an existing small-scale underground gold mining operation... 

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Step-out drilling commences at Bilbao project, Zacatecas

Xtierra Inc. announce that planned step-out drilling has commenced at its Bilbao zinc-silver-copper-lead project in Zacatecas, Mexico. The drilling will comprise of approximately 4,000 metres to evaluate the continuity of the mineralization to the northwest of the existing deposit where recently completed hole X-42 identified significant mineralization. Drilling will also concentrate to the southwest... 

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Shoshone Silver Announces Sale of Bilbao Concessions in Mexico

Shoshone Silver Mining Company announced it has sold its remaining 25 percent interest in the Bilbao silver-copper-zinc concessions in Zacatecas, Mexico to Minco, Plc (Xtierra Resources, Ltd). in Toronto, Ontario, Canada for US $5 million. Shoshone President, Lex Smith stated, “Shoshone’s sale of its remaining interest in the Bilbao concessions represents an important and positive step in the development... 

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ArcelorMittal Announces Acquisition of Koppers’ Monessen Coke Plant

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... 

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ArcelorMittal Announces Acquisition of Concept Group

ArcelorMittal, the world’s largest integrated metals and mining company, today announces that it has signed an agreement to acquire the Concept Group (“Concept”). Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 million tons of metallurgical coking coal in 2007 and has control over recoverable... 

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ArcelorMittal Acquires Outstanding Shares in Rolanfer Recyclage S.A.

ArcelorMittal announces is has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. (“Rolanfer”) which now gives it 100% control over the company. Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap metal products including incinerated scrap,... 

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ArcelorMittal Acquires Astralloy

ArcelorMittal, the world largest integrated metals and mining company, has acquired Astralloy Steel Products Inc. (“Astralloy”) a subsidiary of IMS International Metal Service. Astralloy operates three warehouses and employs 60 people in North America. Its 2007 revenues were USD 34 million. About ArcelorMittal ArcelorMittal is the world’s largest integrated metals and mining company, with... 

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ArcelorMittal Increases Shareholding in Macarthur Coal to 19.9%

ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC – News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings. The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. The purchase is subject to Foreign Investment Review... 

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ArcelorMittal Welcomes Allocation of Karampada Iron Ore Resource for Its Jharkhand Steel Plant

ArcelorMittal welcomes the allocation of a mining lease in respect of the Karampada iron ore deposit to the Company by the Governments of India and Jharkhand for its integrated steel plant to be based in Jharkhand. The Karampada iron ore deposit is located in West Singhbhum district of Jharkhand with estimated reserves of 65 million tons of iron ore. The allocation has proceeded in accordance with... 

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ArcelorMittal Announces Acquisition of Canadian Metals Recycler Bakermet

ArcelorMittal, the world’s largest and most global steel company, today announced that it has signed an agreement to acquire Bakermet, a market leader in the scrap metal recycling industry in Eastern Ontario, Canada. Bakermet, which specializes in all types of ferrous and non-ferrous metal, processed approximately 130,000 short tons of ferrous and 40 million pounds of non-ferrous metals in 2007....