Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]

EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum [...]

As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the Company provided commentary on expected pricing for its North American [...]

Pan African Mining Corp. announce the closing today of the Plan of Arrangement and related transactions contemplated by the Arrangement Agreement dated May 9, 2008, as amended June 17, 2008, among Asia Thai Mining Co., Ltd., 0819615 B.C. Ltd., the Company and African Queen Mines Ltd., a newly formed subsidiary of the Company. A Final [...]

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 [...]

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 [...]

Ironclad Mining advised that the Company continues to make good progress towards the development of the Wilcherry Hill Crystalline Magnetite Project to export iron ore to China and other East Asian customers. The Company reported more excellent results from resource extension and exploration drilling; South Australian Government moves to establish bulk commodities port for iron [...]

Sultan Mining and Energy Development Corp. (SMEDC) reported its Surigao del Sur coal mine has posted significant increase in sales volumes coal mine owing to a rising demand for the commodity, a company official said.
“For April alone, the production volume of 22,000 metric tons [increased] 120 percent from the previous month. It was also greater [...]

On 19 May 2008, ArcelorMittal completed the pricing of a US$ denominated issue of 5 year and 10 year notes, consisting of US$3,000,000,000 aggregate principal amount split equally between the 5 year and the 10 year issue. The notes will bear interest at a rate of 5.375% for the 5 year and 6.125% for the [...]

Kazakhstan banned the export of all refined oil products, as the energy-rich Central Asian nation grapples with soaring fuel costs.
The announcement, made by Prime Minister Karim Masimov at a government meeting, comes just days after opposition parties called on his government to resign amid what they call a worsening economic climate.
Kazakhstan has huge oil and [...]