Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

Tag: unicredit mining, banks the finance mining, northland mining, banks financing iron ore mine

Gold Demand Surges as Investors Turn to Wealth Preservation

Fears of future inflation and ongoing financial uncertainty led investors to continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities. Total demand for gold in Q1’09 rose 38% year on year to 1,016 tonnes, representing a 36% rise in value terms to US$29.7bn. According to figures published today by World Gold Council (WGC) in its Q1’09 Gold Demand... 

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Aurora Gold Corporation Announces Further Mineralisation at the So Joo Gold Project Areas

Aurora Gold Corporation, a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil, is pleased to announce further mineralisation has been mapped at the São João project. Clearing for the ground geophysics surveys has enabled the Company to access previously unmapped areas. This mapping program has discovered new mineralised quartz... 

Land Star (LDSR) Finalizes Mexican Transaction With MexMin Mining Company

Landstar announce the closing of the Mexican component of the MexMin mining opportunity having closed Colorado just recently in November. The Mexico project involves a highly prospective gold silver vein system deposit which was an old Spanish mine. Recent assays of in excess of 1 km of strike have graded as high as 1.23 ounces gold and 200 ounces silver all within 15km of a processing facility. The... 

Petroplus Comments on Impact of Strike in Fos Sur Mer France

Petroplus Holdings AG confirms that its Cressier refinery has been shut down for planned maintenance since December 1. With yesterday’s completion of the strike in Fos Sur Mer we will be able to re-supply the refinery with crude oil over the next few weeks and begin start-up the first week of January. The original schedule for restarting the refinery was December 12. The Reichstett refinery is currently... 

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ArcelorMittal Optimises Its Stake In Dillinger Hütte

ArcelorMittal announces it has entered into binding agreements to reduce its economic and voting interest in Dillinger Hütte from 51.25% to 33.4% in line with existing governance rights through sale of shares to Struktur-Holding-Stahl GmbH & Co. KG aA and Dillinger Hütte Saarstahl AG. The combined proceeds from the transaction, comprising sale of shares and the dividend proposed for the year... 

Ritchie Bros. attracts thousands of bidders to auctions in new and established markets

Ritchie Bros. Auctioneers, the world’s largest auctioneer of industrial equipment, attracted thousands of bidders to seven unreserved public auctions in four countries last week – including its first ever auction in Poland. The successful multi-million dollar equipment auction in Katowice, Poland on November 14, 2008 attracted hundreds of on-site and online bidders from 26 countries. Ritchie... 

Thousands disregard market turmoil, register to bid at Ritchie Bros.’ Edmonton auction

More than 5,700 people from 19 countries registered to bid on-site and online at the most recent Ritchie Bros. Auctioneers auction in Edmonton, Alberta (on October 29 – 31, 2008). Ritchie Bros., the world’s largest industrial auctioneer, sold almost 4,200 used and unused equipment items over three days, generating gross auction proceeds in excess of CA$49 million (US$41 million). The auction... 

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WGI Heavy Minerals Calls Shareholder Meeting to Approve Capital Distribution

WGI Heavy Minerals, Incorporated announced that its board of directors has approved a special cash distribution to shareholders in the amount of US$0.80 per share. This special distribution represents a return to the shareholders of up to US$19.5 million (including distributions on shares anticipated to be issued upon the exercise of restricted stock units or stock options) to shareholders of record... 

Dresser-Rand Awarded BP Angola Block 31 FPSO Program

Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million. “We are very pleased to have been awarded... 

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