Dubai Gold and Commodities Exchange (DGCX) announced the successful completion of its largest-ever physical settlement of gold and steel rebar futures contracts, valued at US$25.20 million, by the Dubai Commodities Clearing Corporation (DCCC).
The transaction is a testimony to the efficient and robust settlement framework provided by DCCC, a wholly owned subsidiary of DGCX. It also [...]

Mechel OAO, one of the leading Russian mining and metals companies, announces that it has launched the initial project stages to construct a specialized coal transshipment complex at Vanino Port (Vanino SCTC), Khabarovsk Krai, Russia.
The specialized coal transshipment complex at Vanino SCTC is an integral part of the Neryungrinsky and Elga coal deposits development project. [...]

General Maritime Corporation jointly announced today that they have entered into a definitive agreement whereby the two companies will combine in a stock- for-stock combination. Under the terms of the definitive agreement, approved unanimously by the Boards of Directors of both General Maritime and Arlington Tankers, shareholders of General Maritime will receive 1.340 shares of [...]

State-controlled uranium miner Atomredmedzoloto will be in charge of developing Elkon and other deposits. The company plans to produce 10,000 tonnes a year of uranium by 2015, more than three times what it produced last year. (Reporting by Polina Devitt, writing by Robin Paxton; Editing by David Cowell) - ST PETERSBURG, Russia, June 8 - [...]

AUGYVA MINING RESOURCES INC. is pleased to announce the signing of an option and joint venture agreement (the “Agreement”) with Canadian Century Iron Ore Corporation (”Century”) defining the terms to allow Century to earn up to a 65% interest in the Company’s Duncan Lake Iron Property (”Duncan” or the “Property” or the “Project”) by funding [...]

Aricom Plc expects to significantly expand its iron ore reserves in the Russian Far East after paying $80 million to acquire two mining licences adjoining existing projects, the company said on Tuesday.
London-listed Aricom, which launched its first Russian mine last year, will pay a total $45 million in cash and $35 million in shares for [...]

Reserves of uranium have been found in the west African country of Guinea by Australian mining company Murchison United NL, Guinean Mines and Geology Minister Ahmad Kante announced.
The discovery resulted from analysis of samples taken from the Firawa site at Kissidougou 600 kilometres (400 miles) southeast of the capital Conakry, the minister told an AFP [...]

Russian federal anti-monopoly service head Igor Artemyev expressed sharp disapproval Wednesday of a proposed merger between state gas monopoly Gazprom and coal giant Siberian Coal Energy Company (SUEC), Russian news agencies reported.
“I am personally against it. I have a negative attitude toward this deal,” RIA Novosti quoted Artemyev as saying about the proposed merger of [...]

Noble Energy, Inc. announced planned capital expenditures of $1.42 billion for 2007. Capital expenditures for 2006 totaled $1.87 billion, including $0.52 billion for acquisitions.
Approximately 26 percent of the 2007 capital program has been allocated for exploration opportunities including lease acquisitions and seismic, and 74 percent is dedicated to production, development and other projects. The domestic [...]

A cargo train with coal and minerals derailed in central Russia late on Thursday, but nobody was injured and there was no ecological hazard.
Nineteen train cars with coal and minerals derailed at 20:00 Moscow time in Kirov region, a spokesman of the Russian Railways Company told Tass.
“Nobody was injured in the incident and there is [...]