Xtierra Inc. announce that planned step-out drilling has commenced at its Bilbao zinc-silver-copper-lead project in Zacatecas, Mexico. The drilling will comprise of approximately 4,000 metres to evaluate the continuity of the mineralization to the northwest of the existing deposit where recently completed hole X-42 identified significant mineralization. Drilling will also concentrate to the southwest where [...]
Shoshone Silver Mining Company announced it has sold its remaining 25 percent interest in the Bilbao silver-copper-zinc concessions in Zacatecas, Mexico to Minco, Plc (Xtierra Resources, Ltd). in Toronto, Ontario, Canada for US $5 million.
Shoshone President, Lex Smith stated, “Shoshone’s sale of its remaining interest in the Bilbao concessions represents an important and positive step [...]
ArcelorMittal, the world’s leading steel company, today announces that it has signed an agreement to acquire the Koppers’ Monessen Coke Plant from Koppers Inc. for $US 160 million.
Koppers’ Monessen Coke Plant, located in Monessen, Pennsylvania produced 320,000 metric tons of metallurgical coke in 2007. The transaction is subject to receipt of relevant regulatory approvals.
Commenting, Sudhir [...]
ArcelorMittal, the world’s largest integrated metals and mining company, today announces that it has signed an agreement to acquire the Concept Group (“Concept”).
Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 million tons of metallurgical coking coal in 2007 and [...]
ArcelorMittal announces is has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. (“Rolanfer”) which now gives it 100% control over the company.
Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap [...]
ArcelorMittal, the world largest integrated metals and mining company, has acquired Astralloy Steel Products Inc. (“Astralloy”) a subsidiary of IMS International Metal Service. Astralloy operates three warehouses and employs 60 people in North America. Its 2007 revenues were USD 34 million.
About ArcelorMittal
ArcelorMittal is the world’s largest integrated metals and mining company, with over 310,000 employees [...]
ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC - News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings.
The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. [...]
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 [...]
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 [...]
