International Gold Resources, Inc. Update on its Brazil Business

International Gold Resources Inc. provided an update on its Brazilian business activities, Cupixi license status, and corporate strategy. In August 2008, IGR announced that it had filed an amendment to the Company’s application for approval of its Cupixi mineral license with the Brazilian National Department of Mineral Production (DNPM) that included a complete geologic report addressing the DNPM’s... 

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FreightCar America, Inc. Reports Second Quarter 2008 Results

FreightCar America, Inc. reported financial results for the three months ended June 30, 2008. For the second quarter of 2008, sales were $141.3 million and net loss was $0.9 million, or a net loss of $0.08 per diluted share. These results include charges related to a loss contingency reserve due to sharp material cost increases on fixed price contracts in the amount of $2.6 million after tax or $0.22... 

Fitch: Brazilian Steelmakers Well Positioned for Iron Ore Price Increase in 2008

Against a backdrop of rising iron ore prices, Brazilian steel producers should maintain high profit margins relative to their global peers during 2008, according to Fitch Ratings. Brazilian steel companies enjoy important competitive advantages, including modern production facilities, close proximity to sources of iron ore and a highly concentrated domestic market, which limits competition based upon... 

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