Erdene Provides Zuun Mod Molybdenum Project Update

Erdene Resource Development Corp., a diversified resource company, today provided a progress update on the Company’s wholly owned Zuun Mod molybdenum project in Mongolia. Extensive metallurgical, engineering and design work, as well as additional drilling, have been underway since the release of a resource estimate in May 2008. “Our progress has proven Zuun Mod to be a large metals deposit,... 

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Maestro Appoints Hans Rasmussen President

Maestro Ventures Ltd. announce that Mr. Hans J. Rasmussen has been appointed President of the Company. Mr. Rasmussen has 24 years experience in the mineral exploration business, including 4 years working for Newmont Exploration in the late 1980’s focused on gold exploration along the Carlin Trend, Nevada, and 12 years with the Kennecott-Rio Tinto group focused in the Americas, which also included... 

Iron Ore Company of Canada Selects Rajant Corporation for Mine Wide Wireless Communications

Rajant Corporation, a leading provider of portable, reliable, and adaptable wireless networking solutions, announced today that it has been selected by the Iron Ore Company of Canada (IOC), to supply the primary communications platform for mining operations at the IOC mine located in Labrador City, Labrador, Canada. The mine-wide Rajant BreadCrumb® wireless mesh network will enable IOC to run multiple... 

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Rio Tinto iron ore production up 12%

Rio Tinto has posted a 12 per cent increase in first quarter iron ore production but mined copper production fell three per cent from the same time period year. Australia’s second biggest miner attributed the rise in its share of iron ore production to 32.245 million tonnes to its $US5 billion ($A5.97 billion) iron expansion program in Western Australia, but said there had been some impact on... 

Rio Iron Ore Output Falls From Record on Maintenance

Rio Tinto Group, the world’s third- largest mining company, said iron ore production fell from a record in the fourth quarter because of extended maintenance in Western Australia. Output of the steelmaking raw material, Rio’s second-highest profit contributor, dropped to 35.1 million metric tons in the three months ended Dec. 31 from 35.7 million tons in the previous quarter, the London-based... 

Rio Iron Ore Output Falls From Record on Maintenance

Rio Tinto Group, the world’s third- largest mining company, said iron ore production fell from a record in the fourth quarter because of extended maintenance in Western Australia. Output of the steelmaking raw material, Rio’s second-highest profit contributor, dropped to 35.1 million metric tons in the three months ended Dec. 31 from 35.7 million tons in the previous quarter, the London-based... 

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Rio earnings listing as coal ships sit idle

A HUGE backlog of ships waiting to load coal at Newcastle Port is expected to cut earnings by more than half at Rio Tinto’s Hunter Valley coal operations. Rio subsidiary Coal & Allied yesterday said it would report a profit of about $60 million for the second half of 2006, compared to $163.7 million in the first half. “The significant shipping queues, particularly in November and December,... 

High Plains Uranium, Inc. Completes Private Placement of Convertible Secured Debenture to Energy Metals Corporation

High Plains Uranium, Inc. and Energy Metals Corporation are pleased to announce the issue and sale today to Energy Metals of a CAD$8,000,000 convertible secured debenture of High Plains as contemplated by the parties’ letter of intent (the “LOI”) announced August 16, 2006. The LOI, in addition to the issue of the convertible secured debenture, contemplates the business combination...