Mr. Buck Morrow, President of Northland Resources Inc., to advise that Northland has signed a Memorandum of Understanding with the Port Authority of Kemi in Finland, and its owner, the City of Kemi (Port).
In the MOU, Northland commits to ship the full iron ore production from the Tapuli mine via the Port of Kemi. In [...]
The American Coal Company (American Coal) filed suit against the federal Mine Safety and Health Administration (MSHA) for numerous violations of federal law and MSHA’s own regulations in inspections at the company’s Galatia Mining Complex, a complex of three separate mines in Saline County, Illinois.
The suit, filed in the Southern District Court of Illinois, follows [...]
Mechel OAO, one of the leading Russian mining and metals companies, attended the 14th annual Metal Expo’ 2008 international specialized exhibition held at the Crocus Expo International Exhibition Center in Moscow, Russia on November 11-14, 2008.
The Metal Expo’ 2008 exhibition featured the products and achievements of more than 700 companies from 30 countries worldwide in [...]
Forsys Metals Corp and George Forrest International Afrique S.P.R.L. announce that they have entered into a definitive agreement pursuant to which GFI will effectively acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Forsys on the basis of CAD$7.00 per share in cash for each common share [...]
Wits Basin Precious Minerals Inc. announced today that London Mining Plc and Wits Basin have entered into definitive terms for the formation and operation of a 50/50 joint venture company which will own all the issued shares in China Global Mining Resources Ltd. (“CGMR”). CGMR, currently a wholly-owned subsidiary of Wits Basin, holds the rights [...]
International Beryllium Corporation announce that Mr. Denis Brady has been appointed as a non-executive director of International Beryllium Corporation. Mr. Brady brings manufacturing operating experience to the board as the Company expands its production capacity and, as someone with recognized financial expertise, will chair the audit committee.
Until its recent acquisition by IB, Mr. Brady was [...]
TRI-STAR HOLDINGS, INC. announced the company has executed purchase agreements for metals recovery and processing equipment for its COS #1, 2 and Wickenburg mines in Arizona. The company negotiated the purchase to acquire several necessary pieces of equipment to be installed and operated on location by Azrock Mining. This equipment is valued at over $200,000.00 [...]
Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry.
Carroll [...]
Plexmar Resources Inc. report that it has signed, through its subsidiary, a letter of intent with Minera Ucucha S.A.C. for the exclusive commercialization and production rights for the top 100 meters on all the concessions part of the Bolsa del Diablo project. In return, Ucucha will obtain all necessary authorizations from the local communities to [...]
Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]
